% idiots among investors - page 2. | Bitcointalksearch.org

wxa7115

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Bitcoin is GOD

Quote from: boyptc on May 21, 2023, 08:36:56 AM

Gold is like the standard of assets and reserves and that's why it's being treated as one of the safest assets where people can jump off if they see that it's no longer safe to bet for their fiat.

But look, base on that bar graph Bitcoin is the third and I'm more than happy to see that with 3 digits of respondents.

Well aside from Bitcoin on the chart, if I'm also asked which currency I'll jump my assets then I'd probably said JPY.

Gold has a massive advantage as it has a history of being a store of value which goes as far back as thousands of years, so even if the fiat system is the dominant one at the moment, people have not forgotten this lesson humans have paid a heavy price to learn.

However what is surprising is that even if it is a distant third bitcoin appears on that list, this shows that the new generations despite the lack of financial literacy understand enough about how the economy works to be suspicious about it, and they realize the potential bitcoin has as a store of value under those circumstances.

boyptc

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Quote from: SquirrelJulietGarden on May 21, 2023, 09:49:16 AM

Quote from: boyptc on May 21, 2023, 08:36:56 AM

Gold is like the standard of assets and reserves and that's why it's being treated as one of the safest assets where people can jump off if they see that it's no longer safe to bet for their fiat.

Gold was no longer used as a gold standard since the Great Depression and after World War II.

Gold standard history. It was reinstalled later but was abandoned again since 1971. That metal is still considered as very precious asset for investors and we see why Bitcoin is considered as a digital gold.

It may not be the standard based on that wikipedia you've shared but as set in the minds of each individuals, it is and still one of the safest routes into investing and getting into assets.

Quote from: SquirrelJulietGarden on May 21, 2023, 09:49:16 AM

Bitcoin is better than gold as it is portable with your private keys. You don't have to depend on banks, vaults to store your golds, log in your account and make exchange of gold to cash.

We all knew that but there are investors that want it the conservative and typical way of investing and that's through gold, jewelries, real estates, other currencies and stuff.

We know that it's a liquid asset and can be sold anytime from everywhere with just a few clicks away.

Quote from: SquirrelJulietGarden on May 21, 2023, 09:49:16 AM

You don't have any key for your gold and will lose it if bankruptcy occurs.

As long as you have it, the value it has got remains.

safar1980

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Quote from: EarnOnVictor on May 21, 2023, 01:26:22 PM

I believe you know the meaning of the US default, but the only thing I would like to correct regarding a caption on the image attached is that the US debt ceiling has happened already, it happened sometime on January, 19th if I am correct. It's the default that has not happened and I don't think they would let that happen as it would be catastrophic to the USA, US businesses, allies and American people.

To further with, I didn't expect different statistics from the first three assets shown (Gold, Treasuries and Bitcoin). It might vary slightly when surveys are made on them over and over again, the results will always look like that.

How are investors going to return their investments after a default if the US refuses to pay treasuries?
In Russia in 1998 there was a default, many banks went bankrupt, who bought government bonds. Investors lost 50-100% of their investment. The main owners of treasuries are banks, companies, US pension and insurance funds, and the Fed has the largest share.

EarnOnVictor

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I believe you know the meaning of the US default, but the only thing I would like to correct regarding a caption on the image attached is that the US debt ceiling has happened already, it happened sometime on January, 19th if I am correct. It's the default that has not happened and I don't think they would let that happen as it would be catastrophic to the USA, US businesses, allies and American people.

To further with, I didn't expect different statistics from the first three assets shown (Gold, Treasuries and Bitcoin). It might vary slightly when surveys are made on them over and over again, the results will always look like that.

royalfestus

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I find it difficult to comprehend the default scenario that arises when the USA reaches its debt ceiling. Who exactly does the USA owe money to, and why do some individuals consistently engage in spreading misinformation and creating confusion regarding the implications of US debt? While gold is indeed a valuable asset, there are numerous other government assets with substantial liquidity that people often overlook.

pawanjain

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Quote from: pooya87 on May 21, 2023, 08:03:18 AM

It is naive to only choose one thing to invest at times where the fiat currencies are dumping with high inflation, whether it is bitcoin alone or gold alone or anything else alone. Of course these days people tend to go back to what is considered a safe haven traditionally and that is gold but over the past 14 years bitcoin has proven to be a very solid investment for the long term specially since it is the only existing currency that has a cap. In fact the more money they print the more people are going to realize what this cap means and right now US national debt is $31.79 trillion dollar and increasing rapidly.
Worst of all is the US total debt to GDP ratio that is 134%, the $5.4 trillion deficit is like a guarantee of success for an investment in anything like gold or bitcoin over the long run.

You are right but we do not know if the option to choose multiple options was provided when the survey was being conducted.
Being professional investors they would obviously know the value of diversification and I think most of these investors would actually diversify their investments.
In that case, bitcoin would also see a significant jump in it's price. Even a small % of them choose to invest in bitcoin the price jump would be huge.

SamReomo

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Those investors are quite smart in choosing gold over anything else because gold is the safest option in financial disasters that's going to take place anytime in coming months. It's a precious metal and if dollar losses its value the gold will get pumped and specially for the ones who bought it with dollar will gain edge over others. The investors will make profits with peace of mind, and that's a win-win situation.

Those investors who decided to invest in Bitcoin are also among the smart ones because in such financial collapses the Bitcoin is expected to go higher in value due to the investments that the investors put into it. There is also a huge chance of a bull run in the coming months and the ones who invest in it can multiply their investment with the king of crypto world.

The treasuries are also okay in such times because they can get such pumps as well in financial hard times. However, I would never prefer them over gold or Bitcoin because both of those are the best as a investment in such times and their returns on investments are quite higher with those two.

SquirrelJulietGarden

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Quote from: boyptc on May 21, 2023, 08:36:56 AM

Gold is like the standard of assets and reserves and that's why it's being treated as one of the safest assets where people can jump off if they see that it's no longer safe to bet for their fiat.

Gold was no longer used as a gold standard since the Great Depression and after World War II.

Gold standard history. It was reinstalled later but was abandoned again since 1971. That metal is still considered as very precious asset for investors and we see why Bitcoin is considered as a digital gold.

Bitcoin is better than gold as it is portable with your private keys. You don't have to depend on banks, vaults to store your golds, log in your account and make exchange of gold to cash. You don't have any key for your gold and will lose it if bankruptcy occurs.

boyptc

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Gold is like the standard of assets and reserves and that's why it's being treated as one of the safest assets where people can jump off if they see that it's no longer safe to bet for their fiat.

But look, base on that bar graph Bitcoin is the third and I'm more than happy to see that with 3 digits of respondents.

Well aside from Bitcoin on the chart, if I'm also asked which currency I'll jump my assets then I'd probably said JPY.

pooya87

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It is naive to only choose one thing to invest at times where the fiat currencies are dumping with high inflation, whether it is bitcoin alone or gold alone or anything else alone. Of course these days people tend to go back to what is considered a safe haven traditionally and that is gold but over the past 14 years bitcoin has proven to be a very solid investment for the long term specially since it is the only existing currency that has a cap. In fact the more money they print the more people are going to realize what this cap means and right now US national debt is $31.79 trillion dollar and increasing rapidly.
Worst of all is the US total debt to GDP ratio that is 134%, the $5.4 trillion deficit is like a guarantee of success for an investment in anything like gold or bitcoin over the long run.

Eternad

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It’s normal to see that kind of result since most of the so called professional investors still butthurt on Bitcoin because they missed the profit train. Gold is the typical go to assets of most investors that doesn’t have exposure or mislead by mainstream media about Bitcoin since Gold is physical. Most investors in the financial world is still old school when it comes to investment.

I think the result is still good seeing Bitcoin on 3rd rank that overtake USD and YUAN which is the most popular fiat right now. It shows how people value more Bitcoin than worthless fiat which is the goal.

zasad@

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https://www.bloomberg.com/news/articles/2023-05-15/debt-ceiling-negotiations-have-investors-eyeing-gold-if-us-defaults

"The precious metal is by far the top pick for those seeking protection in case Washington’s game of chicken over the debt ceiling ends in a crash, according to Bloomberg’s latest Markets Live Pulse survey. More than half of finance professionals said gold is what they would buy if the US government fails to honor its obligations."

___
But more than 20% of Professional investors and more than 25% of Retail investors will bail out their Treasury and dollar investments. Or I do not understand the meaning of the US default?

Topic: % idiots among investors - page 2. (Read 314 times)