Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 7627. (Read 26735422 times)

Quote from: JayJuanGee on June 04, 2020, 08:22:02 PM

Thinking of buying a bit of physical-never did before. Worth it?

No. It is not. Cheesy

I dunno...it's shiny Grin

..Getting a bit tired of our protracted bear market. We will be truly out of it above 20K, still more than 100% to go.
Don't want to diworsify yet, but there will be a time.

If you have the money for some gold, and patience to wait, then yeah, buying gold is a great idea. Diversification, which is important to me. 1 oz of gold is more than some 98% of Americans own.

Physical gold only. Hide it well, don't tell any neighbors, etc.

Oh, yeah, it's shiny too.

I turned all those shitcoins that Roger gifted me back in 2017 into my shiny gold and silver coin pm stash.
I did pretty well, though I woulda done a lot better had I just turned them into bitcoin, but I already had
some of those. Diversification etc....

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Torque on June 04, 2020, 08:51:30 PM

I dunno...it's shiny Grin

Those of us who also own PMs think they are. Grin

Quote from: lightfoot on June 04, 2020, 09:08:43 PM

Hide it well, don't tell any neighbors, etc.

Hm. I remember trading a bitcoin for an ounce of gold.

See how stupid that sounds? Let us all reflect on this and meditate

Ommmmmmmmmmmmmmmmmmmmmmmmmmmmmm

Let's not and say we did. Cheesy

Quote from: Torque on June 04, 2020, 09:42:57 PM

some believe that Silver is the better buy rn over Gold.

Oh my!!!!!!!

Edited: (added this one)

Quote from: sirazimuth on June 04, 2020, 11:15:23 PM

I woulda done a lot better had I just turned them into bitcoin, but ....

Help!!!

This could be referred to as: "roach-reviving by a thousand posts"

Toxic2040

legendary

Activity: 1834

Merit: 4197

the evening wall report

#dyor
4h

I say to my friends..maybe the cup is bigger than I thought?
They say maybe..if you discount the drop from the pandemic
Then I say to my friends..maybe it is long handle wok?
My friends look at me and think I am crazy perhaps..

D

I say to my friends

smile..accumulate...hodl.

The summer Dragon comes... We acknowledge harmony and are grateful.

D

#stronghands

Torque

legendary

Activity: 3822

Merit: 5504

Quote from: Biodom on June 04, 2020, 09:24:32 PM

Quote from: JayJuanGee on June 04, 2020, 08:22:02 PM

Thinking of buying a bit of physical-never did before. Worth it?

No. It is not. Cheesy

I dunno...it's shiny Grin

..Getting a bit tired of our protracted bear market. We will be truly out of it above 20K, still more than 100% to go.
Don't want to diworsify yet, but there will be a time.

If you have the money for some gold, and patience to wait, then yeah, buying gold is a great idea. Diversification, which is important to me. 1 oz of gold is more than some 98% of Americans own.

Physical gold only. Hide it well, don't tell any neighbors, etc.

Oh, yeah, it's shiny too.

I just calculated an interesting stat:

There are, apparently, 2.5 bil oz of physical gold in the world. 1/1000000 of this is 2500 oz, which cost about $4.3 mil to acquire with no guarantees about the max limit of gold oz eventually.
1/1000000 of all btc is 21 btc, which is just $206K, which is about 5% of the money required to buy a proportionate amount of gold.
Basically, you get about X20 for your buck if you buy btc vs gold (as far as a proportion of the world's supply).
The inflation (mining) of both gold and btc is currently similar.
The math changes if and when btc would be at around 200-210K. It would be in a relative scarcity equilibrium with gold (at the current gold prices).

Nice.

So yeah, if you believe that Bitcoin relative gains will outrun Gold relative gains, then it makes sense to just buy BTC for now instead (or a little PM if you want but not a lot). You can always swap BTC for Gold if and when it makes sense to do so.

Also check out Silver to Gold Ratio. It's currently 95.52, a fairly historic level. Because of that some believe that Silver is the better buy rn over Gold.

Biodom

legendary

Activity: 4004

Merit: 4656

Quote from: JayJuanGee on June 04, 2020, 08:22:02 PM

Thinking of buying a bit of physical-never did before. Worth it?

No. It is not. Cheesy

I dunno...it's shiny Grin

..Getting a bit tired of our protracted bear market. We will be truly out of it above 20K, still more than 100% to go.
Don't want to diworsify yet, but there will be a time.

If you have the money for some gold, and patience to wait, then yeah, buying gold is a great idea. Diversification, which is important to me. 1 oz of gold is more than some 98% of Americans own.

Physical gold only. Hide it well, don't tell any neighbors, etc.

Oh, yeah, it's shiny too.

I just calculated an interesting stat:

There are, apparently, 2.5 bil oz of physical gold in the world. 1/1000000 of this is 2500 oz, which cost about $4.3 mil to acquire with no guarantees about the max limit of gold oz eventually.
1/1000000 of all btc is 21 btc, which is just $206K, which is about 5% of the money required to buy a proportionate amount of gold.
Basically, you get about X20 for your buck if you buy btc vs gold (as far as a proportion of the world's supply).
The inflation (mining) of both gold and btc is currently similar.
The math changes if and when btc would be at around 200-210K. It would be in a relative scarcity equilibrium with gold (at the current gold prices).

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

If you have the money for some gold, and patience to wait, then yeah, buying gold is a great idea. Diversification, which is important to me. 1 oz of gold is more than some 98% of Americans own.

Physical gold only. Hide it well, don't tell any neighbors, etc.

Oh, yeah, it's shiny too.

Hm. I remember trading a bitcoin for an ounce of gold.

See how stupid that sounds? Let us all reflect on this and meditate

Ommmmmmmmmmmmmmmmmmmmmmmmmmmmmm

OROBTC

legendary

Activity: 3038

Merit: 1939

Quote from: JayJuanGee on June 04, 2020, 08:22:02 PM

Quote from: lightfoot on June 04, 2020, 08:41:41 PM

Thinking of buying a bit of physical-never did before. Worth it?

No. It is not. Cheesy

I dunno...it's shiny Grin

..Getting a bit tired of our protracted bear market. We will be truly out of it above 20K, still more than 100% to go.
Don't want to diworsify yet, but there will be a time.

If you have the money for some gold, and patience to wait, then yeah, buying gold is a great idea. Diversification, which is important to me. 1 oz of gold is more than some 98% of Americans own.

Physical gold only. Hide it well, don't tell any neighbors, etc.

Oh, yeah, it's shiny too.

Torque

legendary

Activity: 3822

Merit: 5504

Cassuscoin thing? They seemed interesting, but were they hacked at this point?

Not hacked, but now there are fakes out there so caveat emptor. I may or may not have... some. Wink

Quote from: JayJuanGee on June 04, 2020, 08:22:02 PM

Quote from: JayJuanGee on June 04, 2020, 08:22:02 PM

Thinking of buying a bit of physical-never did before. Worth it?

No. It is not. Cheesy

I dunno...it's shiny Grin

Those of us who also own PMs think they are. Grin

Biodom

legendary

Activity: 4004

Merit: 4656

Thinking of buying a bit of physical-never did before. Worth it?

No. It is not. Cheesy

I dunno...it's shiny Grin

..Getting a bit tired of our protracted bear market. We will be truly out of it above 20K, still more than 100% to go.
Don't want to diworsify yet, but there will be a time.

lightfoot

legendary

Activity: 3220

Merit: 2334

I fix broken miners. And make holes in teeth :-)

Cassuscoin thing? They seemed interesting, but were they hacked at this point?

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"