seems to be more of a crapshoot than that. unfortunately, it seems its more dependent on age than anything, sunnankar being the quintessential example of a goldbug who got it but only b/c his testosterone is still raging
. but that doesn't explain me, a boomer, who got it a long time ago. more probably it has to do with computer literacy and a willingness to dig in, learn, and think non-linearly.
I think it has more to do with
humility and a willingness to learn. You would be surprised at the arrogance of most of these gurus; Denninger sent me an atom bomb middle finger once as a response to one of my emails in the middle of an email conversation with quite a few of recognizable names.
Bitcoin is not simple and being able to comprehend it and the economic and monetary science implications takes an extremely keen mind plus the ability to not be dragged back to old paradigms. It takes an ability to analyze things
objectively and with extreme vision and foresight. Keep in mind that so many of these people derive so much of their
personal identity from their work; work which they have trumpeted for
years.
But then perhaps I am just the pot calling the kettle black. Having been around Bitcoin for a few years and having started recommending it around $0.05 it appears that quite a few of these people have missed the trade of the decade, if not the
century.
13.50/.05=
270x.
Wouldn't it be ironic if the huge transfer of wealth the sound money folks have predicted goes not to the holders of gold and silver but instead to the holders of bitcoins. Oh wait, isn't that what
is happening? If they
missed and
are missing the call on Bitcoin then I am not so sure they are worthy of the faith so many put in their opinions. Sure, they got a few things right but at the end of the day not what
truly mattered.
Denninger is really arrogant. i know the atom bomb middle finger picture you're referring to. guys like Peter Schiff completely dismiss Bitcoin and in the meantime is setting up gold investment funds and now even a non US bank backed by gold.
in all fairness, you even admitted to missing the first Bitcoin wave on your blog. i still read it from time to time even tho i'm very much less invested in pm's than i used to be as of last year. having said that, i've already said you were a major factor in me investing in gold/silver starting back in 2005 and ending 2011. read all your posts, listened to all your podcasts and bought your e-book and i thank you for the words of wisdom that resulted in big profits all those years.
i still listen to all the gold bug podcasts by the known pundits and i find it exasperating that none of them mention Bitcoin at all. i'd have to think that most of them have already heard about it from you and others. it's amazing they don't even mention it as a possibility. all the virtues they expound for investing in gold apply to Bitcoin and even then some like transportability.
i am a living example of one of those you mentioned who has made a near complete shift from pm's to Bitcoin and the returns so far as a result have been spectacular. and with more to come.
there's one more reason neither of us have mentioned yet about the pundits; there is a
huge vested interest in not acknowledging something that threatens their existing positions.
edit: so what do you think of RunToBitcoin.com?
