Bitcoin or Gold?

[Neeranam]

I started a similar topic in Jan 2020, when bitcoin was $30K.  It rose rather quickly to $69k. Gold didn't do much.

Gold was $1,885. 

Gold is now much the same and BTC is now much the same. 

 

Gold increased about 31%. BTC increased about 130%.

 

What would you buy now? I am going to buy BTC as the halvening is soon and it should rise to over $100k in the next year, especially with Blackrock, ARK, VanEk getting ETFs soon. 

However, during war, gold does well. I might buy some of that too. 

 

Any opinions?

[QuantumQuandry]

Trying to get rich quick on something that could die, tomorrow -> crypto.

 

Owning a real asset that is stable, isn't going away but is boring -> gold.

 

Best of both worlds -> index fund of stocks.

[KannikaP]

21 minutes ago, Neeranam said:

I started a similar topic in Jan 2020, when bitcoin was $30K.  It rose rather quickly to $69k. Gold didn't do much.

From where did you get the 30k and 69k from please?

[Neeranam]

13 minutes ago, KannikaP said:

From where did you get the 30k and 69k from please?

https://www.coingecko.com/en/coins/bitcoin

 

 

 

 

 

[Neeranam]

17 minutes ago, QuantumQuandry said:

Trying to get rich quick on something that could die, tomorrow -> crypto.

 

Owning a real asset that is stable, isn't going away but is boring -> gold.

 

Best of both worlds -> index fund of stocks.

I've bought both of these assets before and lost money on none. 

Bought gold in 2001 for 6,000 baht, sold re 2012 for 26,000 or so.

Bought BTC in 2017 for $2,000 , sold it 10x that and more. 

Bought BTC at Xmas 2022, about doubled my money since then, 

 

 

[KannikaP]

7 minutes ago, Neeranam said:

https://www.coingecko.com/en/coins/bitcoin

 

 

 

 

 

My Currency app must be totally wrong then?

[bignok]

Maybe oil and gold

Middle east disaster

Some stocks might tumble

[Neeranam]

4 minutes ago, KannikaP said:

My Currency app must be totally wrong then?

I've no idea, does it really matter?

 

Why not answer the question -  what would you but right now?

[noobexpat]

3 minutes ago, Neeranam said:

I've bought both of these assets before and lost money on none. 

Bought gold in 2001 for 6,000 baht, sold re 2012 for 26,000 or so.

Bought BTC in 2017 for $2,000 , sold it 10x that and more. 

Bought BTC at Xmas 2022, about doubled my money since then, 

 

Good for getting some profit, but sounds like bits of play money really. Ok if you're a youngster.

 

Crypto is joke to me and gold is for hedging. Both produce no dividends to reinvest too. Why do i need a hedge when i will invest for +30 yrs, never sell but will only sustainably drawdown.

 

Topped up a global tracker on friday. 

 

 

[Neeranam]

Just now, bignok said:

Maybe oil and gold

Middle east disaster

Some stocks might tumble

interesting, I've not been successful with stocks in the past. 

[Neeranam]

Just now, noobexpat said:

 

Good for getting some profit, but sounds like bits of play money really. Ok if you're a youngster.

 

Crypto is joke to me and gold is for hedging. Both produce no dividends to reinvest too. Why do i need a hedge when i will invest for +30 yrs, never sell but will only sustainably drawdown.

 

Topped up a global tracker on friday. 

 

 

Larry Fink thinks differently 

 

 

[bignok]

Kairos Minerals. Small miner. Speculative. In a good area. 2.1c

[QuantumQuandry]

9 minutes ago, Neeranam said:

I've bought both of these assets before and lost money on none. 

Bought gold in 2001 for 6,000 baht, sold re 2012 for 26,000 or so.

Bought BTC in 2017 for $2,000 , sold it 10x that and more. 

Bought BTC at Xmas 2022, about doubled my money since then, 

 

And...?

[FlorC]

For me : Gold. I can hold it in my hand.

Just bought the dip 56k euro.

 

[noobexpat]

1 minute ago, Neeranam said:

Larry Fink thinks differently 

 

 

Never heard of him. I know warren buffet though. He seems to agree with me ...or maybe i agree with him 555

[bignok]

Galileo Mining 32c. Speculative.

[Neeranam]

Just now, noobexpat said:

 

Never heard of him. I know warren buffet though. He seems to agree with me ...or maybe i agree with him 555

He's boss of Blackrock, a large US company. One of the biggest actually.

[bignok]

6 minutes ago, FlorC said:

For me : Gold. I can hold it in my hand.

Just bought the dip 56k euro.

 

Can hold penis too

[Neeranam]

7 minutes ago, noobexpat said:

 

Never heard of him. I know warren buffet though. He seems to agree with me ...or maybe i agree with him 555

 

Warren Buffet is a dinosaur and  criticized BTC in 2013 when it was $100. Probably the worst investment decision he ever made. 

[noobexpat]

1 minute ago, Neeranam said:

He's boss of Blackrock, a large US company. One of the biggest actually.

Yes i know blackrock 55

My strategy is building wealth over multiple decades. Your's sounds like quick wins and fads. 

 

7.8% pa over the long term and i'm happy. Which means i quadruple in 20 yrs.

[Neeranam]

Just now, noobexpat said:

Yes i know blackrock 55

My strategy is building wealth over multiple decades. Your's sounds like quick wins and fads. 

 

7.8% pa over the long term and i'm happy. Which means i quadruple in 20 yrs.

I get 19.2% on my DOT, a top crypto coin. This is in a non-custodial wallet too. 

If you are not experienced, you can get 18% on some DOT, which is staked in Kraken, a US bank.

[noobexpat]

3 minutes ago, Neeranam said:

 

Warren Buffet is a dinosaur and  criticized BTC in 2013 when it was $100. Probably the worst investment decision he ever made. 

 

How old are you?

[Neeranam]

Just now, noobexpat said:

 

How old are you?

57

[noobexpat]

Just now, Neeranam said:

57

 48 here. I'm surprised you are into these crackpot schemes giving crazy %

[mania]

Gold & Silver

[Neeranam]

Just now, mania said:

Gold & Silver

Any reason, they haven't done well against BTC over the last 10 years. 

[bignok]

3 minutes ago, Neeranam said:

Any reason, they haven't done well against BTC over the last 10 years. 

Old

Btc was new

Btc is now old

 

New things boom not old investments

The past 10 years has zero to do with the next 10

 

 

[Dante99]

55 minutes ago, Neeranam said:

He's boss of Blackrock, a large US company. One of the biggest actually.

You are quite a source of investment wisdom.  Buffett and Blackrock??

[mania]

1 hour ago, Neeranam said:

Any reason, they haven't done well against BTC over the last 10 years. 

They have done very well for me.

I do not just buy & hold but use the G/S ratio

 

For instance

I would buy Physical Silver (back up the truck type of buy) when the G/S ratio was 55/1

I then traded it into gold when the ratio was 35/1 which was like buying physical gold for 3-600 bucks/oz when it was already 1200-1600 spot

Why? Because I bought silver at 9-12 oz when G/S was 55/1

Then sold most of that load of gold when prices were near 2k

 

I do agree in recent years it has been quite quiet in both PM's but they are in fact doing what they do best & that is provide a hedge against inflation.

 

But if for instance you bought gold back when it was 35-55/1 you could have swapped into Silver when it neared 100/1 (it is now 85/1) Which is building wealth very safely

 

About BTC sorry & yes I see it does very well at times but for me it is vaporware & nothing more than the current tulip mania

But if your doing well with it great!

 

Just remember the difference is BTC is in fact just another form of musical chairs. Gold & Silver have been money for 2500 years

All else including the USD & every other form of Fiat is just currencies. Which is why the Central Banks all still hold gold

[300sd]

2 hours ago, Neeranam said:

Any reason, they haven't done well against BTC over the last 10 years. 

Gold goes up when people lose confidence in Government. I think that's happening now.