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First I am not a gold fan.
For sure, I was not exactly suggesting that you were a fan of gold, but just that your framing was a bit looney, but what else is new?
and as for eating lunch last 15 years.
Now that I see where you are going with this, I feel a bit regretful by suggesting bitcoin's birth as a fair starting point, so starting close to zero value in terms of bitcoin not even really having a price in the very beginning is a bit of an unfair advantage for bitcoin.
It might be more fair to choose something like the start of 2012 and something like $5 as bitcoin's starting value (price) (so yeah instead of 15.5-ish years, we would just use something like 12.5-ish years), which would then give bitcoin a starting market cap of somewhere in the $105 million territory if we would be using 21 million as bitcoin's known supply into the future, even though right around mid-to-late 2012 half of bitcoin's total supply would have had come available by the time the first halvening took place..so ONLY around 10.5 million bitcoin would have had been actually issued, so bitcoin's starting market cap would have had been somewhere around $50 million-ish
lets look into 2009 to 2024 marketcaps
jan 2009 btc lets say 1,000 usd at less than 1 penny a coin
aug 2024 btc lets say 1,200,000,000,000 usd at 60,000 a coin
so 1000 to 1.2 trillion in ratio is great but in total value it gained 1.2 trillion
what was gold in jan 2009 822 price about 5.6 trillion with an estimated range of 4.3 trillion to 6.5 trillion
I would say at least your going with market cap comparisons, but then your presentation is a bit confusing.
Maybe if we suggest bitcoin's market cap is in the ballpark of $50 million in early 2012 and I might be willing to concede that gold's market cap might have been in the $4.3 to $6.5 trillion range.. (let's just go with $5 trillion), so yeah, such a starting point would put bitcoin's market cap would have had been right around 1/10 million the size of gold's market cap (remove 6 zeros from each of the market caps).
was was gold in august 2024 2519 price cap of 17.2 trillion with a estimated range of 13.6t to 20.4t
so yeah btc went up from a cap of 1000 usd to 1.2 trillion in 15 years.
and gold went up from 4.3 / 6.5 trillion to 13.6t/20.4t
so yeah price wise btc was a penny and gold was 822 usd in 2009
and at 60,000 to 2,500 price wise btc whaled smoked crushed gold.
Even though your presentation is confusing, we are likely in a similar territory since I am suggesting that now bitcoin's market cap is right around 1/15th the size of gold's market cap when historically (starting from January 2012) bitcoin's market cap was somewhere between 1/10 millionth the size of gold's market cap.
but total value gold gained far more maybe 9trillion to 1trillion.
My first reaction was that I was going to call you the "R" word while throwing in a few curses, yet I am going to try to refrain a wee bit, since I can be nice like that sometimes.
Anyhow, if you are saying that bitcoin ONLY went up in value by $1 trillion (which technically it would be about 1.1999995 trillion (since bitcoin started with ONLY about $50 million of market cap) and gold's market cap went up somewhere between $9 trillion and $11 trillion (let's just say it went up $10million) , so therefore, gold went up more in value than bitcoin, and I am going to have to retract my temporary niceness for just a moment and call you fucking retarded. That is largely an irrelevant way to be framing and hinging your argument on nominal increases in value rather than percentage increases in value... but hey, whatever, you can do what you like in terms of your coming up with such largely irrelevant and nonsensical framing and even arguing such a point as if you were actually saying something meaningful and important...
Ok.. let me cool down for just a second and concede that even though you are technically correct that bitcoin's market cap ONLY went up just shy of $1.2 trillion and gold's market cap went up in the territory of $10 trillion, but still bitcoin started from nearly zero (which was around $50 million if we use the start of 2012 as our starting point and gold started out at around $5 trillion in early 2012).
and gold will not lose value if mining stops
while btc will lose value if mining stops.
Another pie in the sky imaginary piece of evidence that might be technically true, but still fantasy land framing for some pie in the sky scenarios to play out... Yeah, sure, any investment thesis should attempt to account for fringe possibilities, yet you are wanting to considerably denigrate bitcoin's value proposition based on fringe possibilities that largely ONLY are being argued by you (I haven't seen anyone else arguing that point, so you are seeming to be unique in that level of presumption of both Armageddon but also presuming that bitcoin mining would stop from such an outlier scenario).
So we can brag and love our btc . and I hold a good amount of it. but don't think gold is losing in terms of market cap it is still gaining every year.
You can believe what you like, even while your little fantasy gold ends up getting passed up by bitcoin, whether it is this cycle or the next cycle or sometime later down the road, it is not very difficult for bitcoin to reach parity with gold's market cap and then to thereafter to pass it up, even though there can be no real guarantee (or concrete assurances) proclaimed as to when it is going to happen, even though bitcoin's market cap parity with gold surely is within reach for even this cycle.
Otherwise, I stick with my original conclusions that bitcoin
has been eating gold's lunch,
is currently eating gold's lunch and
likely to continue to eat gold's lunch into the future until such time as some kind of more representative value comparison starts to play out in the market in which bitcoin will likely come close to 1,000x or more of gold's market cap, even though there could be rough patches along the way in getting there, whether it is from bitcoin going up in value or gold coming down in value or a combination of the two, and including that it could take 50-200 or more years for such more representative prices based on value play out in the market.
[edited out]
so the gold in cap did 12 trillion gain
the btc in cap did 1.2 trillion gain..
so in my measurement gold out preformed btc 10 to 1 in last 15 years.
yeah i know that people will say btc was say 1 penny and gold was 822 in 2009
so 1 penny to 60k crushes 822 to 2500 true it does.
but 1.2 trillon gain loses bigly to a 12 trillion gain.
just saying both things are fully true.
Oh wow.. You seem to be arguing your points as if you really believe them. Both things are factually true, but they don't hold the same amount of persuasive logic in terms of how you are wanting to use them for predictive power, even though you are free to assign whatever level of weight and persuasive power to your nearly retarded points as you would like.
#nohomobtw i have far far far far more btc than gold.
i hold
btc
silver
Your points are still dumb
and almost embarrassingly silly no matter which assets/currencies you hold.
well I can go back to longer term thinking. The biopsy of my prostate all 14 cores were benign.
Great.
i can go back to calling you a retard now, without feeling guilty about it
(hopefully, Gachapin does not get mad at me for calling you that).
Long live philipma1957!!!!
Having lost a lot of relatives to prostate cancer and getting a high PSA test requires get the biopsy.
Which literally is a P.I.T.A. I was fairly terrified that some or a lot of the cores would turn out to be cancer.
They all were clean. So I just have to do PSA tests three times a year. Which is better then cancer.
Your shit is clean then. (or maybe I should say "your junk.")
Still hoping to beat the family record of 93 for males. Then get to 105 so I can give the btc away to JJG
I would like that too.. but geez Louise, February (or whatever month it is) of 2062 seems like such a long way off.. .. that is nearly 37.5 years. It would be a stretch for each of us.
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