Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
smoothie
on 27/01/2014, 00:35:20 UTC
The whole concept of Bitcoin as a replacement for gold was not nearly as clear as it is now.

I clearly do not believe Bitcoin is a replacement for gold and stuff like this is probably why I would have felt awkward trying to defend you, even if i wanted to. But yes, I did see the thread, and I read some of it. But like I said, at that time I did not care about gold or people who thought BTC would replace gold.

To move into an asset like Bitcoin from Gold and not care about people thinking BTC may somehow replace gold (in some sort of transacting way) is rather unbelievable. The obvious thing is to look at what the herd may consider in the future as a way to get in early to an asset like BTC from gold.

This would be the logical way I would think someone selling Gold to get into Bitcoin would be thinking longer term.