The same law applies to Bitcoin everything else being equal.starkmonster wrote: ↑Mon Mar 01, 2021 9:46 pmTherefore with everything else being equal, as more gold is mined, the price decreases and the market cap remains unchanged.
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- Tue Mar 02, 2021 2:02 am
- Forum: Money, Banking and Insurance
- Topic: Bitcoins worth more than gold
- Replies: 382
- Views: 55495
Re: Bitcoins worth more than gold
- Mon Mar 01, 2021 9:46 pm
- Forum: Money, Banking and Insurance
- Topic: Bitcoins worth more than gold
- Replies: 382
- Views: 55495
Re: Bitcoins worth more than gold
It's simple supply and demand. Price is inversely proportional to supply. Therefore with everything else being equal, as more gold is mined, the price decreases and the market cap remains unchanged. Aside from that Bitcoin and Gold are both finite and directly comparable. About 90% of all bitcoins h...
- Mon Mar 01, 2021 8:45 pm
- Forum: Money, Banking and Insurance
- Topic: Bitcoins worth more than gold
- Replies: 382
- Views: 55495
Re: Bitcoins worth more than gold
Following on from my previous post, another interesting way to frame it is this. Currently the market is giving 10-1 odds on Bitcoin at some point reaching market cap parity with Gold. A year ago you could get 50-1. A 2/3 years back it was around 100-1. Wild short term fluctuations on the back of we...
- Mon Mar 01, 2021 7:11 pm
- Forum: Money, Banking and Insurance
- Topic: Bitcoins worth more than gold
- Replies: 382
- Views: 55495
Re: Bitcoins worth more than gold
This is simplifying things a lot, but there are only two core investment strategies with crypto. 1. Taking bets on the highs and lows of a volatile market in the belief that you can beat the algorithms. 2. Hodling Bitcoin where you are accumulating as much Bitcoin as possible and betting on the even...
- Thu Feb 18, 2021 1:32 pm
- Forum: Money, Banking and Insurance
- Topic: Bitcoins worth more than gold
- Replies: 382
- Views: 55495
Re: Bitcoins worth more than gold - Page 25
"If you can't buy hookers and blow with it, it ain't real...". Buying hookers and blow was it's very first successful use case. It's now moved on a place to park your money while waiting for consumer prices to catch up with the insane printing press action that's been going on to pay for lockdowns.
- Tue Feb 09, 2021 7:55 pm
- Forum: Money, Banking and Insurance
- Topic: Bitcoins worth more than gold
- Replies: 382
- Views: 55495
Re: Bitcoins worth more than gold
This is a game changer. Elon has a huge amount of followers, and Tesla isn't exactly insignificant https://www.theverge.com/2021/2/8/22272103/tesla-bitcoin-investment-1-5-billion-cryptocurrency-payments The funny part is someone (can't be bothered to go check who or where) back in the depths of the...
- Sun Jan 24, 2021 2:05 am
- Forum: Money, Banking and Insurance
- Topic: Bitcoins worth more than gold
- Replies: 382
- Views: 55495
Re: Bitcoins worth more than gold
Scobienz, how are your British Telecom shares and treasury bonds doing? A real rollercoaster no doubt...
- Tue Aug 11, 2020 9:02 am
- Forum: Travel
- Topic: Kep @ August 2020
- Replies: 27
- Views: 3934
Re: Kep @ August 2020
There's been a big swing towards local tourism, Kampot and Kep are packed on the weekends and empty during the week.
Businesses that have adjusted to that seem to be doing okay.
Businesses that have adjusted to that seem to be doing okay.
- Mon Jul 27, 2020 12:16 pm
- Forum: Money, Banking and Insurance
- Topic: Bitcoins worth more than gold
- Replies: 382
- Views: 55495
Re: Bitcoins worth more than gold
Lol: Bitcoin Meets Banking As U.S. Bank Regulator Permits Cryptocurrency Custody https://www.forbes.com/sites/haileylennon/2020/07/22/bitcoin-meets-banking-as-us-bank-regulator-permits-cryptocurrency-custody/#4a7e26a35479 https://i.postimg.cc/tC72nwYX/Screenshot-20200727-121433-Brave.jpg :rimshot:
- Sun Jul 19, 2020 8:54 am
- Forum: Cambodia Speakeasy
- Topic: Cambodian Recession 2020/2021 ?
- Replies: 46
- Views: 6641
Re: Cambodian Recession 2020/2021 ?
It was pretty funny though...
- Thu Jul 16, 2020 11:09 am
- Forum: The IT and Techy Forum
- Topic: Twitter hacked in Bitcoin scam
- Replies: 20
- Views: 3371
Re: Twitter hacked in Bitcoin scam
“In a tweet, Twitter noted only that it was aware of a “security incident impacting accounts on Twitter.” and that users should send Bitcoin to the wallet provided to "receive double the amount in return".
- Wed Jul 15, 2020 10:32 am
- Forum: Cambodia Speakeasy
- Topic: "Supermarket shelves are near empty", Geraldine Cox lies desperately to save Sunrise Orphanage
- Replies: 61
- Views: 6949
Re: "Supermarket shelves are near empty", Geraldine Cox lies desperately to save Sunrise Orphanage
No, her claims are legit. Super Duper hasn't had seedless grapes for a few weeks now, it's either grapes with seeds (yuuk) or go without. Also no Crunchy Nut Cornflakes, that's when you know it's getting serious.
- Fri Jul 10, 2020 8:31 pm
- Forum: Cambodia Speakeasy
- Topic: Would you give credit to this man? EDIT: Arrested Finn
- Replies: 31
- Views: 8446
Re: Would you give credit to this man?
Top bloke.
- Thu Jul 09, 2020 2:40 pm
- Forum: Money, Banking and Insurance
- Topic: Bitcoins worth more than gold
- Replies: 382
- Views: 55495
Re: Bitcoins worth more than gold
You know the industry better than I do, but I do understand that you'll be held back if you lack some sort of semi-relevant undergraduate degree. Even if it's, say, Finance. When heads need to roll, they need to select candidates, and often the only way to do so is by looking at basic elements such...