I'm a bit skeptical of this. BTC is all the rage these days and it's being heavily promoted by paragons of free expression like Jack Dorsey, plus it can be tracked easier than gold transactions. It's a superior form of money than anything else, but I'm still concerned about whether it can withstand catastrophic geopolitical and technological conflict, reordering of the world order, or massive technological disruption and/or attacks. OTOH, it's the only thing keeping Andrew Torba afloat so that's a positive.I invested in precious metals over 10 years ago. I can now say in hind sight that these are basically the controlled opposition of my time. It becomes very clear when you look at these assets through the filter of Bitcoin. Gold was 1500-1800 USD after the global financial crisis. Hit a peak of just over 2k USD more recently after over 10 years. Bitcoin went from less than $1 to over 50k and looking to go over 100k USD this year. I don't even think gold has kept your purchasing power like gold advocates have told us over the last decade. A person's residential property has gone up several times more than gold in the same time frame. You could say that property has protected purchasing power far better than gold thanks to inflation.
I think the cat's out of the bag now. 10 years ago you could tell people including myself to invest in assets like gold/silver but even dumb Zoomers know this is going nowhere. I've noticed gold advocates like Peter Schiff change their narrative from gold will make you wealthy to preserving your wealth (if you are already rich). Therefore Bitcoin and crypto will eat the lunch of gold and precious metals until something big happens like quantum computers can break sha256 encryption. Gold will go to $2500 in 2021 and you'll hear gold bugs patting themselves on the shoulder whilst property, tech stocks, and crypto prices soar far higher. I think investing in precious metals is very much in the rear view, it only looks attractive when holding cash is your only option.
I'm a bit skeptical of this. BTC is all the rage these days and it's being heavily promoted by paragons of free expression like Jack Dorsey, plus it can be tracked easier than gold transactions. It's a superior form of money than anything else, but I'm still concerned about whether it can withstand catastrophic geopolitical and technological conflict, reordering of the world order, or massive technological disruption and/or attacks. OTOH, it's the only thing keeping Andrew Torba afloat so that's a positive.
Gold has underperformed the last decade, but it has done pretty well as an inflation hedge since we got off the gold standard. It's only because of the paper manipulation that it's been held down and it can't happen forever. Check the silver squeeze thread - the metals are likely to break out at some point, though timing is always difficult.
Yeah I’m sure you must be right$0K... imagine people saying "told you so"
No Monero is tough to work with. You will not detect inflation bugs, which is completely a no go for any amount of serious wealth.It seems that corporations are moving to hold money in the form of BTC instead of fiat or doing cash buy backs. They used to hold cash but everyone now realised money printer go brrr so they keep as little cash on hand as possible which leads to bankruptcy and bail outs.
It's not just jack Dorsey it's all the other companies, hedge funds, banks that are moving towards it using it to game inflation in the money supply. Jack Dorsey was just vocal about it, everyone else FUD'd Bitcoin (Jamie Diamond) or misdirected people to DOGE (Elon Musk) while they accumulated. There are numerous companies I've never even heard about putting BTC on their balance sheet.
Maybe Bitcoin becomes a way for government to further destroy any semblance of privacy and anonymity. Doesn't matter because Monero is a thing. Bitcoin has become the gold of our time and Monero is looking to be the end game store of value that can't be trifled with.
The monetary system won't be able to hold down prices much longer. I'd give it less than 10 years before it breaks and the price of everything shoots up. Precious metals will go up but not enough for non rich people to care.
No Monero is tough to work with. You will not detect inflation bugs, which is completely a no go for any amount of serious wealth.
The best is Horizen. They have open ledger but you can send privately as well.
Again, you can use BTC anonymously if you know how / are determined etc. as good as you can use cash.
If you are watched by fbi and you handle cash it is also not private.
For example. These are good points.How to use BTC anonymously in general? Cashing out peer to peer? What about deposits - crypto ATMS? Just trying to learn more about it myself.
I totally agree with this. The privacy coins like Monero are truly the only other altcoins that I ever even considered for a long term hold, though I can see speculating on things like Cardano or other projects with really smart innovators could do well off bitcoin's coattails during what is going to be a tremendous run. What privacy coins do you all think have a chance outside of Monero?It seems that corporations are moving to hold money in the form of BTC instead of fiat or doing cash buy backs. They used to hold cash but everyone now realised money printer go brrr so they keep as little cash on hand as possible which leads to bankruptcy and bail outs.
It's not just jack Dorsey it's all the other companies, hedge funds, banks that are moving towards it using it to game inflation in the money supply. Jack Dorsey was just vocal about it, everyone else FUD'd Bitcoin (Jamie Diamond) or misdirected people to DOGE (Elon Musk) while they accumulated. There are numerous companies I've never even heard about putting BTC on their balance sheet.
Maybe Bitcoin becomes a way for government to further destroy any semblance of privacy and anonymity. Doesn't matter because Monero is a thing. Bitcoin has become the gold of our time and Monero is looking to be the end game store of value that can't be trifled with.
The monetary system won't be able to hold down prices much longer. I'd give it less than 10 years before it breaks and the price of everything shoots up. Precious metals will go up but not enough for non rich people to care.
This is something that is also totally true and left out by all the "bitcoin critics". It's like all these retard "gotcha" boys haven't been paying attention when for the last 50 years the CTR at banks hasn't changed with inflation or common sense, the IRS invented this BS called "structuring" etc. Finally, try carrying even 10k cash on your person, on a plane, etc ... ha, as if that isn't a "risk."If you are watched by fbi and you handle cash it is also not private.
This is what I've been trying to tell people!!!! Brothers... BUY SOME.
This is something that is also totally true and left out by all the "bitcoin critics". It's like all these retard "gotcha" boys haven't been paying attention when for the last 50 years the CTR at banks hasn't changed with inflation or common sense, the IRS invented this BS called "structuring" etc. Finally, try carrying even 10k cash on your person, on a plane, etc ... ha, as if that isn't a "risk."
Anyone who has gambled or gone to casinos (having made trips to the bank and considered the effects of winning/losing) realizes the childish game the government has been playing for years, and it's totally unconstitutional.
You'll watch it like a hawk for the next 30 days. It will hit $60k, then "crash" to $55k and you'll "buy the dip" and save $5k per coin right?I would gladly buy, if BTCs price would go down for once. I have some cash stashed in prepared for this moment. But no way I am going to buy when its price is that high.
GRIN and BEAM are two altcoins that run on the mimblewimble protocol. I'm not going to pretend like I know a whole lot about either of these currencies, but the basis of the mimblewimble protocol is 'blinding factors' that allow for confidential transactions. The mimblewimble chain itself functions in the same way as a Bitcoin coinjoin implementation. The mw protocol even keeps transaction amounts confidential.What privacy coins do you all think have a chance outside of Monero?
I like "hedges" (not that this truly is) that can also work out both ways. As a gambler that's the only time one should hedge (lock profit and double win). In all seriousness, I'm looking for the run-up alongside bitcoin since I'm more in the camp of maximalists, but don't call myself that - understanding that different roles for different cryptos is likely and with complementarity. With the smaller players currently, the BTC momentum can take them to much higher % gains than BTC from this point, of course with the significant added risk.It's unlikely these will ever come close to overtaking Bitcoin, but in a Bitcoin dominated world, with an increasing presence of chain anaylsis, they could have a useful side roles.
Yup, you'll be saying this at $100k too. Like all the rest did at 10, 20, 30, 40 and now 50.I would gladly buy, if BTCs price would go down for once. I have some cash stashed in prepared for this moment. But no way I am going to buy when its price is that high.
In a few years people will be marveling that you could buy a Bitcoin Satoshi for just five cents.Yup, you'll be saying this at $100k too. Like all the rest did at 10, 20, 30, 40 and now 50.
Just sayin'