Five Reasons why Gold, Silver and Decentralized Cryptocurrencies will outperform

[hermanhugh666]

I think this guy has a pretty good point. Gold is a main holding of mine and silver. I do own cryptos and think that overall the economic environment will benefit holders of decentralized currency.

https://ad-venturing.com/2019/01/08/five-reasons-why-gold-silver-and-decentralized-cryptocurrencie-will-outperform-in-2019/

[1715208800]

1715208800

[1715208800]

1715208800

[1715208800]

1715208800

[1715208800]

1715208800

[BuyBuyBitcoin]

Crypto is a generic term that people use to describe too many shitcoins and centralized bullshit that can't store value.



Have a thread about it here https://bitcointalk.org/index.php?topic=5084692

There is no way for the average person to assess whether a "crypto" is truly decentralized and all these arguments about altcoins having "value" are getting boring.

True value will show over time.

[hermanhugh666]

I think gold and silver are true decentralized currencies that have a proven history of working.

[mk4]

Well, his opinions and his "point" is really nothing new, especially in the cryptocurrency space.

Also,

"1. Assets that are decentralized will outperform in any economic system that is controlled by a Central Government."

So pretty much every single country ever?

[pooya87]

you can never make a general statement like this ever. gold and silver are specific but nothing about "decentralized cryptocurrencies" is specific. you can create a shitcoin in a decentralized way too and there is no future in that. not to mention that there are a lot of centralized shitcoins that are being advertised (and have fooled many) as decentralized and they have no future either let alone be able to outperform anything in the long run. many of them shone in 2017 and ran out of pumping fuel by the end of the year. in 2019 they will be wiped from the face of the world.

[elda34b]

"1. Assets that are decentralized will outperform in any economic system that is controlled by a Central Government."

That guy is overly generalizing and not yet proven by reality. We still have a long way to go and there is a lot of obstacles for Bitcoin & crypto to be a mainstream currency.

that are being advertised (and have fooled many) as decentralized and they have no future either let alone be able to outperform anything in the long run. many of them shone in 2017 and ran out of pumping fuel by the end of the year. in 2019 they will be wiped from the face of the world.

Very true (XRP and EOS?). I believe more than 50% cryptocurrencies will be wiped out in 2019, only the strong one will survive.

[Pursuer]

"1. Assets that are decentralized will outperform in any economic system that is controlled by a Central Government."

That guy is overly generalizing and not yet proven by reality. We still have a long way to go and there is a lot of obstacles for Bitcoin & crypto to be a mainstream currency.

that are being advertised (and have fooled many) as decentralized and they have no future either let alone be able to outperform anything in the long run. many of them shone in 2017 and ran out of pumping fuel by the end of the year. in 2019 they will be wiped from the face of the world.

Very true (XRP and EOS?). I believe more than 50% cryptocurrencies will be wiped out in 2019, only the strong one will survive.

one thing about certain centralized altcoins (for example XRP that you happen to mention here) is that  they have a big company behind them that has powerful connections. that doesn't change the fact that they are still shitcoins but it changes things about their livelihood. these types of shitcoins can not die that easily because the "company" always has more money to throw at it and keep it alive. not to mention the manipulation they do to change the public view such as their fake market capitalization!

[Red-Apple]

why would anyone even categorize gold and silver in the same category as bitcoin when it comes to investment and while we are at it why would you categorize all cryptocurrencies with bitcoin under the same category?!!

the thing is, bitcoin has a lot of potential and being small and on the rise gives it a good chance to continue to outperform EVERYTHING else so easily. and it has been the story for the past 10 years of bitcoin's existence. and so far nothing, specially gold and silver, were able to compete with bitcoin.

as for altcoins definitely can not outperform bitcoin because we are talking about longer term (a whole year) not the short term pump and dumps

[timerland]

I think this guy has a pretty good point. Gold is a main holding of mine and silver. I do own cryptos and think that overall the economic environment will benefit holders of decentralized currency.

https://ad-venturing.com/2019/01/08/five-reasons-why-gold-silver-and-decentralized-cryptocurrencie-will-outperform-in-2019/

Some fairly good points being made.

I definitely think that precious metals, and cryptos of the decentralized variety will be able to provide a hedge against a falling traditional economy. Especially when you look at the fact that the bear market has already taken us near the lower end of prices of what this cycle will see.

Regardless of whether it's going to be hyperinflation or a recession waiting, I do see bitcoin being a new safe haven in addition to the already established precious metals. As people lose confidence and faith within the traditional economy, it is very likely that they will look to decentralized assets that can't be manipulated by a single central bank. BTC will probably be a highly desired safe haven in times of volatility within the stock markets, and the fiat ecosystem.

why would anyone even categorize gold and silver in the same category as bitcoin when it comes to investment and while we are at it why would you categorize all cryptocurrencies with bitcoin under the same category?!!

BTC and gold and silver are all similar in the fact that they all are not centralized, and thus, can't be debased in value. But I'd comfortably say that BTC will outperform gold and silver in the foreseeable future.

[DigiPiglet]

2. The Central Government is not looking out for you.

Describing the central government as some kind of evil villain that is looking to take everything you own is masquerading the fact, that most bad decisions (that lead to inefficiencies and injustice in our society) are made out of incapacity, rather than malicious intent. In their heart, the majority of people want peace, more prosperity and wealth for all, but the measures they believe to be right to achieve this goal tend to differ significantly.

[markj113]

Crypto is a generic term that people use to describe too many shitcoins and centralized bullshit that can't store value.



Have a thread about it here https://bitcointalk.org/index.php?topic=5084692

There is no way for the average person to assess whether a "crypto" is truly decentralized and all these arguments about altcoins having "value" are getting boring.

True value will show over time.

Gold Portability - A bit of reality needs to be applied to this, considering a $40k bar of gold is the size of a smart phone how many of you would struggle transporting your wealth in gold.

Highly divisible - Physical gold can be purchased in grains (not grams)  = 0.06g   how low do you need to go?

Secure - Gold is secure and cannot be copied, you can can get copy coins that lack the detail of an original or bars that do not have the same dimensions or weight and can be checked with a specific gravity test, acid test or xrf test

Easily transactable - Exactly the same as bitcoin, check out Glint which links a mastercard to allocated gold holdings

Scarce - All the gold ever mined through history will fit in 1 olympic swimming pool

Sovereign (government issued) - Ever hear of sovereign coins?  Most governments have a state issued gold coin eg. sovereigns, britannias, eagles, krugerrands, pandas etc. etc.

Decentralised - how many people own a piece of gold jewellery, gold dental work, gold components in electronic equipment, a gold coin.


That chart is biased at best but personally I think its straight up incorrect bollocks.

[South Park]

why would anyone even categorize gold and silver in the same category as bitcoin when it comes to investment and while we are at it why would you categorize all cryptocurrencies with bitcoin under the same category?!!

Because they have similar characteristics, bitcoin cannot be printed at will like what happens with fiat and the same is true for gold, bitcoin is scarce and gold is scarce as well, gold performs very well when the rest of the economy is not, we do not know if this is true for bitcoin but it seems likely, I will stop there but as you can see there are many aspects in which gold and bitcoin are very similar and that is why we can draw a comparison between them.