Timeline: Gold vs BTC price from start of mining and HODL. 9.18.2013. poll.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

As an aside, for a comparison of Bitcoin to Gold outside of the price, is the fact that Gold Reserves conceivably can be still found in the world.

Bitcoin is becoming a more 'rarified' ...er....product I'd guess you'd say.

Just saying this puts another bit of pressure on Gold vs Bitcoin Price..that would not be otherwise apparent.

Also got this from Micgoossen's Wall Observer post (He is on a roll). Looking at 2028, man, that is gonna be a 'bitch' to mine then.

https://bitcointalksearch.org/topic/m.53023803

Brad

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: CryptoBry on November 07, 2019, 11:28:46 PM

Quote from: Searing on November 07, 2019, 05:46:07 PM

Hmmm....good thing I did not listen to all the Gold Bugs who said I needed something 'Tangible' as a store of value.

I know a LOT of folk back in 2013 that cashed out or put it in Gold/Silver. It was a lot of talk about which was better, back in those early days. I just went with the HODL

idea on Bitcoin and so far it seems to be working out quite well.

Hello Brad. Thanks for reminding us here that siding with Bitcoin is definitely much idea than sticking it out with the physical gold. I actually have nothings against anyone invested with gold as it is definitely playing the safe haven role for the many decades due to its stabler stance in the market, with only a little volatility affecting it unlike Bitcoin. Volatility can be coming like a two-way street, one is going up and the other is down. Now, in terms of ROI there is no other winner but Bitcoin, comparing it to gold, stocks and commodities. Still, we don't advice anybody to just stake his investment with one asset because the proven wisdom of the ages is to spread the risks by distributing the eggs in many baskets.

Yeah, back in 2013 to say 2016 some of the bigger BTC miners was like put it in GOLD...not so many fanboys for that now..but those years it was tempting...now not so much...

The chart below stolen from Micgoossens post on wall observer thread on here: https://bitcointalk.org//index.php?topic=178336.msg53024290#msg53024290]

Quote from: CryptoBry on November 07, 2019, 11:28:46 PM

Quote from: Searing on November 07, 2019, 05:46:07 PM

Hmmm....good thing I did not listen to all the Gold Bugs who said I needed something 'Tangible' as a store of value.

I know a LOT of folk back in 2013 that cashed out or put it in Gold/Silver. It was a lot of talk about which was better, back in those early days. I just went with the HODL

idea on Bitcoin and so far it seems to be working out quite well.

Hello Brad. Thanks for reminding us here that siding with Bitcoin is definitely much idea than sticking it out with the physical gold. I actually have nothings against anyone invested with gold as it is definitely playing the safe haven role for the many decades due to its stabler stance in the market, with only a little volatility affecting it unlike Bitcoin. Volatility can be coming like a two-way street, one is going up and the other is down. Now, in terms of ROI there is no other winner but Bitcoin, comparing it to gold, stocks and commodities. Still, we don't advice anybody to just stake his investment with one asset because the proven wisdom of the ages is to spread the risks by distributing the eggs in many baskets.

Yeah, back in 2013 to say 2016 some of the bigger BTC miners was like put it in GOLD...not so many fanboys for that now..but those years it was tempting...now not so much...

The chart below stolen from Micgoossens post on wall observer thread on here: https://bitcointalk.org//index.php?topic=178336.msg53024290#msg53024290

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: Searing on November 07, 2019, 05:46:07 PM

Hmmm....good thing I did not listen to all the Gold Bugs who said I needed something 'Tangible' as a store of value.

I know a LOT of folk back in 2013 that cashed out or put it in Gold/Silver. It was a lot of talk about which was better, back in those early days. I just went with the HODL

idea on Bitcoin and so far it seems to be working out quite well.

Hello Brad. Thanks for reminding us here that siding with Bitcoin is definitely much idea than sticking it out with the physical gold. I actually have nothings against anyone invested with gold as it is definitely playing the safe haven role for the many decades due to its stabler stance in the market, with only a little volatility affecting it unlike Bitcoin. Volatility can be coming like a two-way street, one is going up and the other is down. Now, in terms of ROI there is no other winner but Bitcoin, comparing it to gold, stocks and commodities. Still, we don't advice anybody to just stake his investment with one asset because the proven wisdom of the ages is to spread the risks by distributing the eggs in many baskets.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Reserved.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Why you don't listen to those in the 'know' from back in the day. The 'you have to use BTC for Gold argument, as a newbie, rather than 'virtual BTC' Glad I went with my gut on this.

The price of gold and Bitcoin when I started mining BTC Sept 18th, 2013. I really started with the KNC Jupiter ASIC miner on 10/18/2013...but hey, 0.69 BTC on the GPU cards count.

price of gold exactly 0 years start 2013 (more or less) it was $1,348.09 USD and BTC was about $130.86 (more or less) the same/closest day on the charts.

price of gold exactly 1 year later 2014 (more or less) was $1,226.96 USD and BTC was about $475.37 USD (more or less) the same/closest day on the charts.

price of gold exactly 2 years later 2015 (more or less) it was $1,121.32 USD and BTC was about $229.09 (more or less) the same/closest day on the charts.

price of gold exactly 3 years later 2016 (more or less) it was $1,328.57 USD and BTC was about $606.97 USD (more or less) the same/closest day on the charts.

price of gold exactly 4 years later 2017 (more or less) it was $1,327.06 USD and BTC was about $3,630.70 USD (more or less) the same/closest day on the charts.

price of gold exactly 5 years later 2018 (more or less) it was $1,202.50 USD and BTC was about $6,371.30 USD (more or less) the same/closest day on the charts.

price of gold exactly 6 years later 2019 (more or less) it was $1,502.51 USD and BTC was about $ 10,242.27 USD (more or less) the same/closest day on the charts.

The price of gold as of TODAY 11/7/2019 is $1,470.65 USD and BTC is currently today $9,271.90 USD as I type this here.

Using this chart for days closest on such chart (iffy by a day or so) for the price of GOLD historically.

https://www.moneymetals.com/precious-metals-charts/gold-price

Using this chart for days closest on such chart (iffy by a day or so) for the price of Bitcoin historically.

https://coinmarketcap.com/currencies/bitcoin/

Hmmm....good thing I did not listen to all the Gold Bugs who said I needed something 'Tangible' as a store of value.

I know a LOT of folk back in 2013 that cashed out or put it in Gold/Silver. It was a lot of talk about which was better, back in those early days. I just went with the HODL

idea on Bitcoin and so far it seems to be working out quite well.

Take the poll if you wish.

later

Brad

Topic: Timeline: Gold vs BTC price from start of mining and HODL. 9.18.2013. poll. (Read 127 times)