Bitcoin is not digital Gold, it is digital Rhodium - page 2.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: ElectricMucus on April 27, 2013, 02:35:33 PM

Like Bitcoins rhodium exhibits three properties:

It is very rare, (much) rarer than Gold
It is somewhat of a fringe investment
It is subject to hypes

And most importantly it is one of the few actual assets which exhibit wild price swings.

I find it very interesting how chaotic those are, so if you think to know what bitcoin will do next over any longer period of time: Think again Wink

Good find, although bitcoin feels just a touch more useful then Rhodium.

Wekkel

legendary

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yes

It does not seem an unreasonable thought that Bitcoin rises in value steadily, with short term spikes along the way. Indeed, a commodity. Better pick it up again when demand is lower again.

Siegfried

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Quote from: glendall on April 27, 2013, 04:10:36 PM

I think the man who discovered Rhodium, William H. Wollaston, would agree.

Most people don't realize this, but he was an ardent Bitcoin fan, and early adopter. You can see him above looking over his paper wallets in this famous portrait.

Hilarious.

antimattercrusader

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Quote from: btceic on November 07, 2013, 09:10:15 PM

Quote from: Melbustus on November 07, 2013, 08:27:39 PM

Quote from: ElectricMucus on November 07, 2013, 08:07:22 PM

How about responding to my post?

Ok. Eyeballing it, the volatility of Rhodium and Coffee looks similar enough.

Bitcoin, of course, has been more volatile. NewLibertyStandard quoted $0.0007639 per BTC in 2009. Now we're close to $300. OMG, the volatility!!!

Bitcoin is still a toy in terms of global relevance. It's in its infancy. To cry "volatility" is both to miss the point, and to fail to acknowledge where we are in the lifecycle. In short, such observations are meaningless.

Where wiuld you say we are in the lifecycle?

Eaaaaaaaaarrrrly adopter stage.

btceic

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♫ A wave came crashing like a fist to the jaw ♫

Quote from: Melbustus on November 07, 2013, 08:27:39 PM

Quote from: ElectricMucus on November 07, 2013, 08:07:22 PM

How about responding to my post?

Ok. Eyeballing it, the volatility of Rhodium and Coffee looks similar enough.

Bitcoin, of course, has been more volatile. NewLibertyStandard quoted $0.0007639 per BTC in 2009. Now we're close to $300. OMG, the volatility!!!

Bitcoin is still a toy in terms of global relevance. It's in its infancy. To cry "volatility" is both to miss the point, and to fail to acknowledge where we are in the lifecycle. In short, such observations are meaningless.

Where wiuld you say we are in the lifecycle?

antimattercrusader

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Quote from: spike420211 on November 07, 2013, 08:37:41 PM

Quote from: Elwar on April 27, 2013, 04:52:00 PM

I have a Rhodium tooth.

Rhodium makes for badass drill bits/cutting tools etc.

Shut up and take my money

spike420211

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Quote from: Elwar on April 27, 2013, 04:52:00 PM

I have a Rhodium tooth.

erm. no... it's too poisonous to use as a tooth.
Rhodium makes for badass drill bits/cutting tools etc.

Melbustus

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Quote from: ElectricMucus on November 07, 2013, 08:07:22 PM

How about responding to my post?

Ok. Eyeballing it, the volatility of Rhodium and Coffee looks similar enough.

Bitcoin, of course, has been more volatile. NewLibertyStandard quoted $0.0007639 per BTC in 2009. Now we're close to $300. OMG, the volatility!!!

Bitcoin is still a toy in terms of global relevance. It's in its infancy. To cry "volatility" is both to miss the point, and to fail to acknowledge where we are in the lifecycle. In short, such observations are meaningless.

ElectricMucus

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Marketing manager - GO MP

How about responding to my post?

Melbustus

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Quote from: Melbustus on April 27, 2013, 06:55:05 PM

No, it's digital coffee.

Cuz look how volatile coffee is. Must be the same underlying dynamics:

ElectricMucus

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Marketing manager - GO MP

bump

ElectricMucus

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Marketing manager - GO MP

Quote from: Melbustus on April 27, 2013, 06:55:05 PM

No, it's digital coffee.

Cuz look how volatile coffee is. Must be the same underlying dynamics:

Not volatile enough.
But there is a point here, historically grain was used as a backing asset for the first occurrences of currency.

Other than that the similarity ends here since it isn't really limited, it is mainly dependent on fundamental production demand and it is consumed.

Melbustus

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No, it's digital coffee.

Cuz look how volatile coffee is. Must be the same underlying dynamics:

Elwar

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Viva Ut Vivas

I have a Rhodium tooth.

Tornston

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gibberish

glendall

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Buzz App - Spin wheel, farm rewards

I think the man who discovered Rhodium, William H. Wollaston, would agree.

Most people don't realize this, but he was an ardent Bitcoin fan, and early adopter. You can see him above looking over his paper wallets in this famous portrait.

zemario

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Well spotted OP.

Quote from: Gabi on April 27, 2013, 03:46:45 PM

I heard someone is making ASICs to mine Rhodium Cheesy

Remove the smilie and post this as new topic for endless laughs.

Gabi

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If you want to walk on water, get out of the boat

I heard someone is making ASICs to mine Rhodium Cheesy

UltimateReaper

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As a lover of precious metals this pleases me.

GigaCoin

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Giga

I used to observe rhodium prices last year as i noticed that the price pattern always had a unique behavior. Real good find that you managed to find a pattern between BTC and rhodium. What this needs now is some detailed analysis

Topic: Bitcoin is not digital Gold, it is digital Rhodium - page 2. (Read 4367 times)