Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: How many times we will make the same mistake? - History repeats Again & Again!
by
tertius993
on 29/02/2024, 09:08:18 UTC
⭐ Merited by JayJuanGee (1)


In regards to bitcoin, gold has been performing pretty badly, and you can zoom in and out of this timeline

https://www.longtermtrends.net/bitcoin-vs-gold/

right now it takes more than 200 oz of gold to buy 1 BTC,


I snipped the rest, but there is something very wrong with that chart.

Gold is currently about $2,037 per ounce, so you need about 30 or 31 ounces of gold to buy one bitcoin (current price $62,900) not 200.