September 11, 2026

Capitalizations Index – B ∞/21M

Re: Bitcoin has defeated gold

Re: Bitcoin has defeated gold

Yes, though I really don’t see the relevance of this.  Apparently a lot of others do.

I think when I get paid from my signature campaign this coming Wednesday, I may just end up buying a gold coin or some silver from Provident Metals.  I said in another thread that I was done spending bitcoin, but actually having a physical coin as the result of my earnings here is meaningful to me.  I’m not pumping Provident here, they just happen to be pretty much the only place that takes bitcoin.  Amagi metals has shit for selection.  But I’ll have to see what the price is on Wednesday.  I must say, I’m reluctant to get rid of any bitcoin right about now.  We could very well be on the rocket ship to Pluto.  F- the moon.

Yeah, that’s my favorite way to spend bitcoin, buying gold.  Buying gold is like spending and saving at the same time.  Smiley

But, I agree that it is hard to think about spending BTC now, as the price now could really move up big.

Another thing to keep in mind is that buying gold now means you would be “selling high (BTC) and buying low (gold)” at the same time, generally buying low and selling high is a winner in investing.

(Why?)

Published at Mon, 06 Mar 2017 19:06:13 +0000

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