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Both gold and
BTC are up some 10% above recent lows. My guess is that financial events are becoming recognized as heralding trouble ahead. The dropping of the Swiss Franc / Euro peg has gotten a lot of attention, especially leading to even more comments about the Central Banks losing control.
The case for buying and holding gold is pretty clear and pretty obvious so I will not discuss it further here.
The case for Bitcoin, IMO, would be stronger were the Bitcoin Ecosystem stronger (less hack-prone) and if there were to be more acceptance of
BTC among retailers and enthusiasts (like me). I still have NO family participating and very few friends who have any exposure at all to BTC. And what I learned I had to go out and learn myself (but I did get a lot of help from people who know a lot more than I). And I have been motivated out of personal curiosity, something I am seeing precious little of even seemingly "natural" websites (alternative financial ones like
zerohedge.com for example).
* * *
I do understand that revolutions, even historically fast ones (Internet), take longer than one would think while actually in the midst of one. But,
BTC does seem to be stuck and out-of-favor. The only real buzz I read much about is typically negative...
FUD and the overly technical nature of BTC seem to be not only slowing acceptance down, but we may be seeing a failure in execution of what appears to be a great idea.
Which would be too damn bad.
Thoughts?
