Let's see. There is less than 1% world wide BTC adoption. Maybe 10% of the nocoiners are purposefully not taking a stake into bitcoin because they are either afraid or they believe it will not succeed? I would suggest that 90% of the nocoiners do not know about bitcoin or they are superficially informed about it (which is the same as not knowing).
Most of nocoiners believe they already missed the train and it is irrational to enter now. (just like they thought in 2015 and 2013.)
I agree with you that the nocoiners who know about bitcoin will frequently erroneously conclude that they already missed the boat. I would also suggest that the category of nocoiner is much broader than those who are kind of aware of bitcoin. In other words, no coiners are likely normal people, and only a few of them are nutjob advocates against bitcoin.
They are obsessed with gold and silver.
I agree that those peeps happen to be vocal anti-bitcoin, but they hardly represent the world population nor the world of nocoiners more broadly who likely have little to no clue about what the fuck bitcoin is, even if they may have heard the word, "bitcoin."
Sometimes I really suspect that they are the people that
Anunnaki cursed with searching gold forever. I can't find any explanation to their obsession.
don't let the vocal nutjobs deceive you to believe that they represent the world of nocoiners.. who are mostly a lot less vocal than the dying breed of PM bugs.
It is fine to own %5-10 gold but even if gold succeeds, I mean how much can it go? $5k? And if gold ever hits $5k,
I would say 5% on the high side.. You are giving way too much benefit of the doubt to gold.. perhaps 1% would be more prudent, especially like I already mentioned if you own BTC.
what usability does it offer? I'll tell you, It has none. None in this digital age. It is not mobile, it can be counterfeited, it is physical (means can be stolen and you need physical space to store them) etc...
Gold is done.
I think we agree on this point... and that is part of my reason to suggest 5% might be on the high side and even a bit overkill in terms of how much value to keep in that asset.
Sure it will always have some value but we will never go back to the medieval ages...
Agree again.
Unless a world war comes up
, and even so, gold's chances of being the world currency is zero. That's because the internet will always be around. Either WWIII happens or not.
Yes, there is a bit of a small chance for pms to have value in apocalypse scenarios that have less than a 1% chance of happening... which their less than 1% chance of happening sort of justifies that you hold less than 1% of your value in preparation for such unlikely scenario...
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