ElectricMucus (OP)
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 27, 2013, 07:35:33 PM |
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Like Bitcoins rhodium exhibits three properties: It is very rare, (much) rarer than Gold It is somewhat of a fringe investment It is subject to hypes And most importantly it is one of the few actual assets which exhibit wild price swings.   I find it very interesting how chaotic those are, so if you think to know what bitcoin will do next over any longer period of time: Think again  |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Malawi
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Activity: 224
Merit: 100
One bitcoin to rule them all!
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April 27, 2013, 07:59:37 PM |
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Need Rhodium now!  |
BitCoin is NOT a pyramid - it's a pagoda.
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GigaCoin
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Activity: 308
Merit: 251
Giga
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April 27, 2013, 08:02:48 PM |
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I used to observe rhodium prices last year as i noticed that the price pattern always had a unique behavior. Real good find that you managed to find a pattern between BTC and rhodium. What this needs now is some detailed analysis  |
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UltimateReaper
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April 27, 2013, 08:37:08 PM |
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As a lover of precious metals this pleases me.
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Gabi
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If you want to walk on water, get out of the boat
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April 27, 2013, 08:46:45 PM |
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I heard someone is making ASICs to mine Rhodium  |
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zemario
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April 27, 2013, 08:59:25 PM |
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Well spotted OP. I heard someone is making ASICs to mine Rhodium Remove the smilie and post this as new topic for endless laughs. |
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glendall
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Activity: 2100
Merit: 1018
Sugars.zone | DatingFi - Earn for Posting
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April 27, 2013, 09:10:36 PM |
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I think the man who discovered Rhodium, William H. Wollaston, would agree.  Most people don't realize this, but he was an ardent Bitcoin fan, and early adopter. You can see him above looking over his paper wallets in this famous portrait. |
| .SUGAR. | |
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Backed By
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Tornston
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April 27, 2013, 09:21:22 PM |
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gibberish
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Elwar
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Merit: 2386
Viva Ut Vivas
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April 27, 2013, 09:52:00 PM |
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I have a Rhodium tooth.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Melbustus
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April 27, 2013, 11:55:05 PM |
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No, it's digital coffee. Cuz look how volatile coffee is. Must be the same underlying dynamics:  |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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ElectricMucus (OP)
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 28, 2013, 12:17:24 AM |
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No, it's digital coffee. Cuz look how volatile coffee is. Must be the same underlying dynamics: Not volatile enough. But there is a point here, historically grain was used as a backing asset for the first occurrences of currency. Other than that the similarity ends here since it isn't really limited, it is mainly dependent on fundamental production demand and it is consumed. |
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ElectricMucus (OP)
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Marketing manager - GO MP
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November 08, 2013, 12:45:33 AM |
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bump
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Melbustus
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November 08, 2013, 01:06:03 AM |
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No, it's digital coffee. Cuz look how volatile coffee is. Must be the same underlying dynamics: |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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ElectricMucus (OP)
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 08, 2013, 01:07:22 AM |
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How about responding to my post?
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Melbustus
Legendary
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Activity: 1722
Merit: 1003
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November 08, 2013, 01:27:39 AM |
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How about responding to my post?
Ok. Eyeballing it, the volatility of Rhodium and Coffee looks similar enough. Bitcoin, of course, has been more volatile. NewLibertyStandard quoted $0.0007639 per BTC in 2009. Now we're close to $300. OMG, the volatility!!! Bitcoin is still a toy in terms of global relevance. It's in its infancy. To cry "volatility" is both to miss the point, and to fail to acknowledge where we are in the lifecycle. In short, such observations are meaningless. |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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spike420211
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November 08, 2013, 01:37:41 AM |
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I have a Rhodium tooth.
erm. no... it's too poisonous to use as a tooth. Rhodium makes for badass drill bits/cutting tools etc. |
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antimattercrusader
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November 08, 2013, 02:04:23 AM |
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I have a Rhodium tooth.
Rhodium makes for badass drill bits/cutting tools etc. Shut up and take my money |
BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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btceic
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November 08, 2013, 02:10:15 AM |
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How about responding to my post?
Ok. Eyeballing it, the volatility of Rhodium and Coffee looks similar enough. Bitcoin, of course, has been more volatile. NewLibertyStandard quoted $0.0007639 per BTC in 2009. Now we're close to $300. OMG, the volatility!!! Bitcoin is still a toy in terms of global relevance. It's in its infancy. To cry "volatility" is both to miss the point, and to fail to acknowledge where we are in the lifecycle. In short, such observations are meaningless. Where wiuld you say we are in the lifecycle? |
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antimattercrusader
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November 08, 2013, 02:24:40 AM |
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How about responding to my post?
Ok. Eyeballing it, the volatility of Rhodium and Coffee looks similar enough. Bitcoin, of course, has been more volatile. NewLibertyStandard quoted $0.0007639 per BTC in 2009. Now we're close to $300. OMG, the volatility!!! Bitcoin is still a toy in terms of global relevance. It's in its infancy. To cry "volatility" is both to miss the point, and to fail to acknowledge where we are in the lifecycle. In short, such observations are meaningless. Where wiuld you say we are in the lifecycle? Eaaaaaaaaarrrrly adopter stage. |
BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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Siegfried
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November 08, 2013, 11:26:47 AM |
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I think the man who discovered Rhodium, William H. Wollaston, would agree. Most people don't realize this, but he was an ardent Bitcoin fan, and early adopter. You can see him above looking over his paper wallets in this famous portrait. Hilarious. |
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