|
Title: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Yaunfitda on August 16, 2020, 01:53:34 AM Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold
Quote In an appearance on Bloomberg Television, Novogratz — founder of Galaxy Digital Holdings Ltd. — said that although he sees gold climbing above its record highs, Bitcoin is still the more worthy investment because it’s “harder to buy” than the traditional haven. He said about 25% of his net worth is tied up in the cryptocurrency. “It’s only got a $20 billion market cap, while gold is over $10 trillion,” Novogratz said of Bitcoin. “So it’s got a long way to go to catch gold in terms of just adoption.” Still, he doesn’t recommend beginners put in more than 1-2% of their money into the digital currency. Barstool Sports founder Portnoy, meanwhile, was sold on the cryptocurrency after being pitched by Cameron and Tyler Winklevoss. In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids. In a tweet after his interview with the Winklevoss twins, Portnoy suggested he has bought $1 million worth of Bitcoin. https://finance.yahoo.com/news/mike-novogratz-dave-portnoy-buy-211820610.html More institutional money flowing to bitcoin? It's obvious shilling, but we all know that they have a point here. And as much as majority here hates Mike N with his exorbitant predictions or sometimes gloom and doom, hehehe. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: mk4 on August 16, 2020, 02:16:40 AM "In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids."
This was the part of that video where I was in awe. I frequently despise Reddit, but I've read FAR better bullish cases in there than this one. Probably even the "you can use bitcoin to buy drugs on the darknet markets" case is better than this one. I hope the Winklevi were just meme-ing, but I definitely expected a lot more from them. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: xhomerx10 on August 16, 2020, 02:25:02 AM Novogratz loves to make predictions which usually turn out to be wide of the mark - gotta love a Bitcoin bull but I wouldn't go 'all in' on any of his recommendations tbh.
Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Darker45 on August 16, 2020, 03:00:01 AM While it is expected that more institutional money will be flowing to Bitcoin, I don't think the reason is that Gold is becoming worthless.
Money will be flowing to Bitcoin because of its fundamental features and characteristics. And those are independent from the fate of Gold. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: xhomerx10 on August 16, 2020, 03:11:12 AM While it is expected that more institutional money will be flowing to Bitcoin, I don't think the reason is that Gold is becoming worthless. Money will be flowing to Bitcoin because of its fundamental features and characteristics. And those are independent from the fate of Gold. Not entirely independent as people are seeking safe havens from the inevitable hyper-inflation due to the Covid-19 stimulus packages in many countries. ie money printers going BRRrrrr! Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Eureka_07 on August 16, 2020, 03:16:38 AM Indirectly attracting new investors to invest on bitcoin. It's fine since he is really making a point and it really is a good investment. But that doesn't mean buying Gold is not good. Gold's value will just continue to rise it's value, unless new supplies will be added, just like controversies that Musk is planning to mine gold on asteroids.
Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: thr3 on August 16, 2020, 04:30:08 AM Bitcoin and cryptocurrencies are more liquid than gold. Them encouraging people to buy it creates more liquidity which in turns benefits all of us hodlers.
Gold is generally still prefered as it has stood the test of time, while cryptos are still nascent. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Darker45 on August 16, 2020, 05:56:11 AM While it is expected that more institutional money will be flowing to Bitcoin, I don't think the reason is that Gold is becoming worthless. Money will be flowing to Bitcoin because of its fundamental features and characteristics. And those are independent from the fate of Gold. Not entirely independent as people are seeking safe havens from the inevitable hyper-inflation due to the Covid-19 stimulus packages in many countries. ie money printers going BRRrrrr! Well, Gold is still treated as a safe haven despite the predicted hyperinflation due to the unlimited printing of thin air money due to the economic repercussions of this COVID-19 pandemic. So why would these guys tell people to buy Bitcoin and not Gold? What's so wrong with Gold? Because it is going to be mined by Elon from asteroids? Bitcoin's questionable reputation as a safe haven does not depend on Gold. When fiat falls hard, both Bitcoin and Gold will certainly benefit from it as people would stay away from fiat-dependent market. However, it has to convince investors first that it is indeed a safe haven based on its own features. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: davis196 on August 16, 2020, 06:03:17 AM Buying Bitcoin instead of Gold is kinda stupid.I would say buy both(and maybe add some real estate in your assets) ;D
Elon Musk will successfully mine gold on asteroids somewhere around 2100 and the production/mining cost of that gold would be astronomical,hence,he would sell that gold at a huge loss. ;D Actually there's enough gold on the planet Earth,but the costs of mining that gold are extremely high,so mining won't be profitable. We all know Mike Novogratz has always been very bullish about Bitcoin,but most of the time,he makes himself look silly,especially with such "predictions". Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: larus on August 16, 2020, 06:04:52 AM It all depends from person willing for risk. I will never store more than 50% of my money in crypto, others will never store 5% in btc. For whose gold could be not bad option
Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Insanerman on August 16, 2020, 06:09:23 AM More institutional money flowing to bitcoin? It's obvious shilling, but we all know that they have a point here. And as much as majority here hates Mike N with his exorbitant predictions or sometimes gloom and doom, hehehe. Lol if you would buy Bitcoin now with its market being green, then you'll soon be losing. Why? It's too late. Promoting Bitcoin now is just only whales and making the crypto be a hype, without the newbie investors on cryptocurrency knowing that it might be going down again to 9K soon. But then again, if they predict such bullish market, then they are partly right. But still, buying gold are for long term investors, with less risk compared to the crypto and Bitcoin per se. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: pooya87 on August 16, 2020, 06:19:28 AM people should never buy or not buy something based on what other people tell them no matter who they are. in case of bitcoin everyone should do their own research and learn about what bitcoin as the only decentralized currency offers.
besides these people are advertising bitcoin as an investment that can give you a lot of money, which is a terrible way of telling people about bitcoin. we don't want more speculator who think bitcoin is a get rich quick scheme that will only increase the volatility and slow down the adoption and consequently the price rise. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: anu1908 on August 16, 2020, 06:51:30 AM Lol if you would buy Bitcoin now with its market being green, then you'll soon be losing. Why? It's too late. why is it too late? you mean bitcoin would never break a new high a gain? would you say the same thing when it was $1 after it was $0.01? i think there's no way you can tell when is the right time to buy, as well as whether it's late or not since you don't know the future.Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Twinkledoe on August 16, 2020, 06:57:18 AM Lol if you would buy Bitcoin now with its market being green, then you'll soon be losing. Why? It's too late. why is it too late? you mean bitcoin would never break a new high a gain? would you say the same thing when it was $1 after it was $0.01? i think there's no way you can tell when is the right time to buy, as well as whether it's late or not since you don't know the future.In my opinion, there is no right or wrong time to buy btc or any other alt. As long as you are following the simple rule of trading : buy low, sell high, and you are gaining profit whether small or huge profit, you are still on the positive side. So for me, I don't consider buying btc today as late, if you can sell it at a much higher price tom or in the future, even few bucks higher than what you bought plus of course the fees involved when you bought it. Also, as some are saying, you should not buy a coin just because some popular individual or self proclaimed experts are telling you so. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: CreativeCoin on August 16, 2020, 07:31:27 AM You know, bitcoin is becoming more relevant today, but not all people trust bitcoin. The reason for this is online trading, because many people know not by hearsay about fraud on the Internet, many need a reliable way to invest their capital. The reason that gold is more relevant is a practice established for years, people have been using the transfer of their money into gold for a long time, and since banks give them a guarantee, and gold will not disappear so easily, because it is tangible, but there is no online currency. I believe that people will use online currency more and more, because every day the relevance and guarantee of online currencies themselves is growing
Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: 20kevin20 on August 16, 2020, 07:59:22 AM I like the "gold vs Bitcoin" debate although it's probably been overly discussed, but using this argument to convince someone to buy BTC through a hypothetical scenario that seems close to impossible for at least the next decade such as "Gold will replace Bitcoin" is nothing but nonsense.
This is as close as it can get to new artists being told by their fans they're the new Eminem or something. Just doesn't make sense. Bitcoin will be different compared to gold, no matter how many similarities they have. It's probably going to go its own way and there will always be different advantages and disadvantages with both. Advertise Bitcoin for what it is. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Jating on August 16, 2020, 08:11:03 AM Bitcoin and cryptocurrencies are more liquid than gold. Them encouraging people to buy it creates more liquidity which in turns benefits all of us hodlers. Obviously, both of them have some narrative behind why they are pushing bitcoin to whales and average joes. But I don't know if my memory serves me right, Mike Novogratz is a perma bear right? Gold is generally still prefered as it has stood the test of time, while cryptos are still nascent. Both has its pros/cons, most millennials still prefer bitcoin and then those traditional investors would love to get their hands on bitcoin. But nevertheless, this is bitcoin publicity, still good for us. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: gentlemand on August 16, 2020, 10:15:43 AM So Dave Portnoy, whoever he is, got a boner out of nowhere in the last few days and now it's world changing? I'd really love to know if any of these quasi celebs have ever swayed anyone before. I guess it all mounts up in the end but it's still a bit daffy to witness.
Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Oasisman on August 16, 2020, 10:33:18 AM These guys just wanted people to buy Btc for their gains because they themselves are invested and rushing for good profit. This is the advantage of having a name in the financial industry, they could just throw any statement that could change the market sentiments.
There's both bad side and good side for such statement like this. It could expand the popularity of Bitcoin, and at the same time It could make new investors discouraged once Btc falls far below the support level. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Lucius on August 16, 2020, 10:55:22 AM As far as I know Mike has booked a chair at Bloomberg since I know for BTC, which just means that from time to time he has to come up with a story that will be media attractive enough to promote his company. I don't know if Mike actually said what is written in the article, but BTC doesn't have a $20 billion market cap - it seems that someone has a problem with the basics ::)
And what about gold mining on asteroids? Will it be profitable in the next 50 years maybe or will EM still establish a colony on Mars before that and call it X Ć A-12? Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: kryptqnick on August 16, 2020, 04:34:41 PM Bitcoin is easy to buy and hodl (honestly, it's easier for me to buy BTC than invest in gold). If one's being careful, it's also unlikely that one's BTC would be stolen. Gold might get stolen, but it's a safer bet because of the big marketcap, being around for a long time and being valued throughout human history. Bitcoin is riskier but more rewarding.
The argument (or maybe a joke) of Portnoy seems a bit ridiculous because it's unfounded. Gold can temporarily devaluate significantly if a lot of it is mined in a short period of time, but even if there is gold on asteroids and it can be mined, the expenses of this operation would probably be higher than the price of gold extracted from there. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: hatshepsut93 on August 16, 2020, 06:29:44 PM "In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids." This was the part of that video where I was in awe. I frequently despise Reddit, but I've read FAR better bullish cases in there than this one. Probably even the "you can use bitcoin to buy drugs on the darknet markets" case is better than this one. I hope the Winklevi were just meme-ing, but I definitely expected a lot more from them. Just today Kurzgesagt, which is a really great youtube channel, made a video on asteroid mining - link (https://www.youtube.com/watch?v=y8XvQNt26KI). It's possible, but we are still decades from it, and probably even more from the point when it will start devaluing gold. Investing in something because it will suddenly become more valuable in 50 years is dumb, the investor will either be dead or so old that money won't matter much. It's better to operate on a scale of 5-10 years when thinking about long term. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Sanugarid on August 16, 2020, 06:34:02 PM I like the "gold vs Bitcoin" debate although it's probably been overly discussed, but using this argument to convince someone to buy BTC through a hypothetical scenario that seems close to impossible for at least the next decade such as "Gold will replace Bitcoin" is nothing but nonsense. I see this angle too, almost every week I see an open topic about bitcoin and gold though it was discussed plenty of times before it still has its purpose, and that is to open someones mind of bitcoin and not just gold in terms of store of value and investment. And I might say yes, this topic won't be cleared in the entire advent of crypto, bitcoin will be mirrored as gold in digital form so that's maybe a turn on for the community.Bitcoin was not made to replace any thing, it is added to the world to function in convenient way, stop with bitcoin replacing fiat and gold. This is as close as it can get to new artists being told by their fans they're the new Eminem or something. Just doesn't make sense. Bitcoin will be different compared to gold, no matter how many similarities they have. It's probably going to go its own way and there will always be different advantages and disadvantages with both. Advertise Bitcoin for what it is. The only reason why people are comparing bitcoin to gold is because of its price when in fact there is no really way to compare these two because bitcoin has a low denomination than gold. How do we compare these two? 1 gold bar vs 1 bitcoin? Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: eaLiTy on August 16, 2020, 07:21:04 PM More institutional money flowing to bitcoin? It's obvious shilling, but we all know that they have a point here. And as much as majority here hates Mike N with his exorbitant predictions or sometimes gloom and doom, hehehe. You have the answer to this, David Portnoy is an internet celebrity while Michael Novogratz invested majority of his asset in BTCitcoin and Ethereum and it is not surprising that they are shilling for the cryptocurrency market. The market is sustaining and recovering whenever there is a major sell off is because institutional investment is pouring into the market as they know that the market will rally in the coming months and it is a good sign for all the investors to earn the profit if you are smart enough to take advantage of the market situation.Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: suvo05 on August 16, 2020, 07:36:13 PM Those kinds of people often comment on TV or social media because they want to influence them. They don't want to share their secret ideas or anything. They somehow want to influence so that they get some beneficial result out of it. So I never trust those peoples.
But yes currently buying Bitcoin is a good choice and even gold too. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: pixie85 on August 16, 2020, 07:38:23 PM "In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids." This was the part of that video where I was in awe. I frequently despise Reddit, but I've read FAR better bullish cases in there than this one. Probably even the "you can use bitcoin to buy drugs on the darknet markets" case is better than this one. I hope the Winklevi were just meme-ing, but I definitely expected a lot more from them. It's one of those buy Bitcoin because it's going to become the next Dollar when Dollar finally collapses. Or another good one: store food under yor bed because one day the economy will collapse and you'll be starving. Build a fallout shelter because you'll need a place to hide when they'll nuke the country. Please! Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: rexxarofmoknathal on August 16, 2020, 08:05:41 PM Novogratz loves to make predictions which usually turn out to be wide of the mark - gotta love a Bitcoin bull but I wouldn't go 'all in' on any of his recommendations tbh. Fair enough the guy is optimistic but we cannot deny the fact that we are currently (or for some arguably soon to be) in a bull run. And despite gold increasing to a new whole level most probably because the pandemic pushed the average Joes into to buying gold to maintain assets value not many people know about the digital currency era. While this is a bad thing in turn it provides great potential for further adoption and thus edging the value of this growing sector. In other words, I agree with Mike and he is right in suggesting that buying crypto in the long term will be more beneficial than buying gold. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: mk4 on August 17, 2020, 04:09:39 PM So Dave Portnoy, whoever he is, got a boner out of nowhere in the last few days and now it's world changing? I'd really love to know if any of these quasi celebs have ever swayed anyone before. I guess it all mounts up in the end but it's still a bit daffy to witness. It's all a publicity scheme. Dave Portnoy has been saying a lot of 'weird' stuff in the last few months like him saying he's better than Warren Buffett at investing and sumthin. No doubt really stupid statements, but he's been getting A LOT of media publicity which is safe to assume his main goal is. His business, Barstool, which has sports betting, have been quite low lately due to the quarantines(no sports to bet on), so he has to grow his business one way or another. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: gentlemand on August 21, 2020, 04:14:23 PM Apparently in a recent livestream Our Dave has bailed on all of his crypto holdings including BTC after a couple of failed alt trades.
https://twitter.com/stoolpresidente/status/1296862194689290241 Goodbye, Dave. We hardly knew you. We knew enough to know you'd be a yellow-bellied biyatch. I expect this to be standard trajectory of slebs for quite some time to come still. It makes the Winkies look a bit dim luring someone straight into shitcoin hell. I know they talked him down from a higher allocation but I would've talked him out of it completely. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: fiulpro on August 21, 2020, 05:12:42 PM Honesty one should never even compare these two things , yes both of them are Investments but at the same time they do sit on the opposite side of the spectrum.
If a person is genuinely looking to invest in something like Gold or Bitcoins , they need to ask themselves one thing : Are they looking for a long term or a short term investment? If they are looking for a long term investment , I do think the right thing to do is go for the bitcoins , but for the short term , the best thing to do would be Gold , since it would not decrease that much in price if encashing the investment is needed. But then again there are stock companies offering Virtual Gold , it does give you limited freedom though. Bitcoins on the other hand completely eleminate the concept of a middle man and the concept of power , which gives people more freedom . Bitcoins are the Gold of the Crypto world Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: semobo on August 21, 2020, 06:35:56 PM Gold is not going to be devalued much even though it it mined from asteroid and bring back them to this world and there are lot of difficulties in it as well, where as bitcoin is going to get hike in terms of price when more people started using it so no need to choose one over another better choose both and for someone who wants storage of value gold is still better option than bitcoin. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: gentlemand on August 21, 2020, 06:59:46 PM Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: rdbase on August 21, 2020, 07:05:03 PM ^^
I like Mike Novogratz but I ultimately despise this self-proclaimed Baron of Bitcoin in the way he is just sh*tting on the bitcoin community in that tweet which Alistar had simply responded to him by saying "Thanks Bruh!" ;) He sold all his (D)Link and got out while he still could with an ounce of decency to his name. ;D https://bitcointalk.org/index.php?topic=5269942.msg55040719#msg55040719 @Phoenix_PROG&Akopjpuge: And we have a winner!BTC 8)This is not a FUDding topic as the above member had clearly pointed out in their response. This thread was intended to open the eyes of those who do not see what is going on with the sudden increase in price of this token due to the pump up in price by Dave Portney the so called Baron of Bitcoin with them making their first purchase of crypto just a matter of a few weeks ago and being FOMO'd into buying LINK by the influencing power of the owners of an exchange where he bought these coins from. Just look what he did! Dumped all of it at the sign of panic selling. It is not fudding, it is just an observation by going to their twitter account. ::) https://i.ibb.co/LJbvHBZ/Fake-Dave-Acct.jpg (https://imgbb.com/) https://twitter.com/stoolpresidente/status/1296858421258526720 Just posted 10 minutes ago of creating this post and people are already saying in the comments on that tweet that has got to be a fake Dave Portney account. :D If you haven't already figured it out: I am a bitcoin maximalist. So a big F to this fud on LNK nonsense. We will wait until the next all time high of BTC! https://s7.gifyu.com/images/21000ATH.gif (https://gifyu.com/image/ct0U) Because Broly says so! ;D Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: tbterryboy on August 22, 2020, 04:36:59 PM Bitcoin and gold are good assets to invest in, I will choose bitcoin because that’s what I like, there are also people who will prefer gold, so it’s all about what works for you. Funny thing is that if you see people who are investing in gold they will also be bad mouthing Bitcoin and saying it’s not a good investment. It takes a high level of understanding for people to understand that both are good.
I am not the type of investor that just invest money in only asset. Before cryptocurrency I have been investing in stocks and mutual funds. When I came across cryptocurrency I first did my research to understand the asset and then I started investing in it. Every market is good, you just have to study and understand the market before you start buying it. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: rdbase on August 26, 2020, 11:35:26 AM ^^
Just be a good investor and don't fomo in just like Portnoy did. :-[ Some in the space are blaming him for this sudden downturn in the price because they sold all their holdings in a coin and probably did the same in his bitcoin holdings. https://cointelegraph.com/news/barstool-sports-founder-unprepared-for-bitcoin-exits-after-25k-loss I read the above article last week but then noticed another just showed up on the very same site yesterday. https://i.ibb.co/h8h2Lv1/Clipboard02.jpg (https://ibb.co/DKswzng) https://cointelegraph.com/news/dave-portnoy-offers-to-save-bitcoin-and-chainlink https://i.ibb.co/yg418q8/Clipboard03.jpg (https://ibb.co/KVKk9W9) So now he wants to be the savior of bitcoin suddenly? ::) Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: buwaytress on August 26, 2020, 03:32:14 PM ^^ I like Mike Novogratz but I ultimately despise this self-proclaimed Baron of Bitcoin in the way he is just sh*tting on the bitcoin community in that tweet which Alistar had simply responded to him by saying "Thanks Bruh!" ;) He sold all his (D)Link and got out while he still could with an ounce of decency to his name. ;D I don't like any of these guys in suits, but neither do I dislike any of them very much. It's just common courtesy I have for everyone in the space, respect for the honest ones, admiration for the educators and then well, a smile and laugh for every opinion to ever come out from guys like them. But I wouldn't mind one day to be able to lose some decency for a big chunk of money. Now if only we were all as privileged! Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Lizzylove1 on August 26, 2020, 04:05:52 PM A gold way to reach out to the public about bitcoin, I am glad he gave some caution to new investors. I personally prefer going big in bitcoin than gold, but not to do without buying into some gold. Bitcoin has a better and a faster return than gold. A late investors in bitcoin has outperform in profit than gold old investors.
Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: goldade on August 26, 2020, 07:49:09 PM Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Quote In an appearance on Bloomberg Television, Novogratz — founder of Galaxy Digital Holdings Ltd. — said that although he sees gold climbing above its record highs, Bitcoin is still the more worthy investment because it’s “harder to buy” than the traditional haven. He said about 25% of his net worth is tied up in the cryptocurrency. “It’s only got a $20 billion market cap, while gold is over $10 trillion,” Novogratz said of Bitcoin. “So it’s got a long way to go to catch gold in terms of just adoption.” Still, he doesn’t recommend beginners put in more than 1-2% of their money into the digital currency. Barstool Sports founder Portnoy, meanwhile, was sold on the cryptocurrency after being pitched by Cameron and Tyler Winklevoss. In a video posted on Portnoy’s Twitter feed, the twin brothers — who founded crypto exchange Gemini Trust — say Bitcoin has the potential to replace gold as a store of value. Their reasoning? They claim that Elon Musk has plans to mine gold from asteroids. In a tweet after his interview with the Winklevoss twins, Portnoy suggested he has bought $1 million worth of Bitcoin. https://finance.yahoo.com/news/mike-novogratz-dave-portnoy-buy-211820610.html More institutional money flowing to bitcoin? It's obvious shilling, but we all know that they have a point here. And as much as majority here hates Mike N with his exorbitant predictions or sometimes gloom and doom, hehehe. Buying bitcoin instead of gold isn't a bad idea, however it is better to buy both. Bitcoin is not here to make gold worthless. In itself, gold has it's own worth and no matter the price of bitcoin, gold will always have it's worth. It should also be noted that Mike Novogratz have always been bullish in his predictions concerning the price of bitcoin even though many of them have been false, so it is most likely that influenced his opinions. The best thing to do is buy as much gold and bitcoins as possible Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: Kelvinid on August 27, 2020, 02:30:25 AM They got power and money so they can said anything about bitcoin and gold. Who are they to make us fall for this type of speculation. It make no sense at all if they like that bitcoin price will pump up. I will stay away reading of this type of speculation. Newbies will fall down to this type of speculation and eventually trust what they say and start buying bitcoin. When bitcoin price dropping they will say bitcoin is a scam. The blame will at bitcoin not them. They're not joking anyway. They would like to hype Bitcoin and so people will come into it, then the gold's price will dump in the opposite and take the opportunity. They have a smart ass, tried to fool us. They might hype gold pretty soon and get profit from it. It finds that they are manipulating us to think the gold is worthless. They have the name, easily can catch attention. Bitcoin is on the go and they are just playing on it. But anyway, I was happy having them, promoting Bitcoin and makes way to a Bullish market. That is what we want and people waiting for it. Still, invest only the amount that we can afford to lose. Title: Re: Mike Novogratz and Dave Portnoy Say Buy Bitcoin and Not Gold Post by: MCobian on August 27, 2020, 04:43:27 AM Many people always compare between Gold and Bitcoin, even though they have something in common. Of course Bitcoin and Gold are different things.
My advice is better buy both, why should we choose one. But if we want to decide to buy something, we should understand what we are going to buy. Do your research before deciding to buy Bitcoin or Gold, don't buy because of what other people say. |
