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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (165296)	11/21/2020 11:18:31 AM
From: ggersh	Read Replies (1) \| Respond to of 218878

See the caption at the bottom "Bloomberg Intelligence" ROFL Luongo gets it all wrong :-O WHAT???? Moreover, anyone trading gold for dollars to buy candy bars or shoes with a VISA card is a patent moron. Because you then create a taxable event to have the privilege of paying capital gains tax on that transaction.

To: TobagoJack who wrote (165296)	11/21/2020 7:42:11 PM
From: carranza2	Read Replies (2) \| Respond to of 218878

Both gold and BTC are good, they’re just different. Gold has a centuries long history; BTC is compressing its history. Gold is in limited supply, but has other uses independent of its nature as a store of value; BTC is also in limited supply but can only store value as it is an otherwise useless conglomeration of electrons. Gold is heavy and cumbersome unless it is paper gold; BTC is easy, transmissible, as near fast as the speed of light. Gold is a known quantity; BTC is being discovered. There may be security issues. Price discovery is ongoing with BTC; gold has a range of prices that is pretty well known. Gold responds to currency debasement as its primary price driver. While its proponents claim that BTC does the same, the evidence does not bear that out. Otherwise, its volatility would be significantly less. BTC in my estimation is in mania mode. Too many people, mostly young, clamoring that BTC is the next best thing since,2well, ever. Too many things have to go right for it to reach the $1 million USD its proponents say is inevitable, not to mention the $300,000 others suggest. I’m riding the wave, making a quick dollar because the momentum is huge, but I’m riding it with a wary weather eye, lots of skepticism, and my trigger finger at the ready. If the mania is right, I’ll profit nicely, but if it is not, I won’t be around to get hurt. I will check Nassim Taleb on BTC, he’s generally correct. Will post later.