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overtheedge
Member since May 2012
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has posted a comment on the article :
>Is bitcoin better than gold?  - Jan Skoyles Real Asset Co - The Real Asset Co
Fiat is fiat.
Just a bucket of hot air sans the bucket.

Would you trade your physical gold for bitcoins at par plus the standard premium usually charged for cash sales?
It is a simple yes or no question.
No introducing conditionals to the question. It is either yes or no.

And there is the answer to, "Is bitcoin better than gold?".

Maybe tulips will come back in vogue. Get 'em now while they are cheap. You know, kind of like bitcoins.
Every mania is fueled by copious quantities of hot air.
Would you like to rent a bucket?


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Beginning of the headline :Gold is down 24% for the year, whilst bitcoin has been up by as much as 4,600% since the beginning of the year. In a relatively short period of time people are declaring that bitcoin is gold 2.0. These declarations originate from bitcoin’s climb whilst gold drops, despite ongoing central bank easing and a distinct lack of global recovery. Conditions in which traditionally gold is expected to outperform currencies. Is bitcoin an alternative to gold? Or is it in a bubble? Perhaps it can be used al... Read More
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