Quote from: EarnOnVictor on Today at 10:29:15 AM

Quote from: yhiaali3 on May 08, 2025, 05:26:05 AM

Quote from: JayJuanGee on May 07, 2025, 05:45:56 PM

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First, I would like to thank you for this detailed explanation and comprehensive comparison between gold and Bitcoin. I also share your vision for the future of Bitcoin, which is better than gold in this digital age we live in, for the reasons you mentioned, such as Scarcity, verifiability, transportability, divisibility andability to privately hold without high costsetc...

Oh, you've easily been brainwashed with all those unfounded points that only exist in their thoughts, but not in reality, at least most of them. One can enjoy both Gold and Bitcoin when they compare less and are not biased about them, but maximize the opportunities the two can offer. As a neutral investor and trader, Gold has blessed me, and the same is true for Bitcoin.

You are not a neutral investor merely because you have figured out a way to stay invested in gold in spite of bitcoin being better money. Sure, you can make your choices, and hopefully they make sense for your situation, even though most people likely don't need to have any more than 10% the size of their bitcoin allocation into gold, and probably 10% is even too high for most people... when in fact, there is no need for gold when bitcoin is better money than it.. right around 1,000x and bitcoin is slowly (perhaps not so slowly?) taking gold's market share and its raison d' être.

Quote from: EarnOnVictor on Today at 10:29:15 AM

So I don't follow all those bullshits of maxis,

You have to figure out your own balances and allocations and hopefully it works for you and you don't end up having fun being more poor than you wished that you were based on your overallocations to gold (and shitcoins) as compared with bitcoin.

Quote from: EarnOnVictor on Today at 10:29:15 AM

I have my mind and the results are right in front of me. "If you talk about pros, Gold and Bitcoin have it. If you talk about cons, the two have it." What's the headache? Just find your way to benefit from the two. Long Live Gold...Long Live Bitcoin!

Well if you look at the qualities that both yhiaali3 and I listed ("Scarcity, verifiability, transportability, divisibility andability to privately hold without high costsetc"), bitcoin beats gold, perhaps bitcoin beating gold by 1,000x or more in each of those money qualities (or at least after combining them). Sure you can look at other possible qualities of each if you like, but you may well be ignoring the more obvious aspects of what makes money valuable in your attempts to be smarter than everyone else.

Quote from: yhiaali3 on Today at 05:29:56 PM

Quote from: EarnOnVictor on Today at 10:29:15 AM

[edited out]

No, my brain has never been washed, I still believe in bitcoin and gold, both of them are the best, but since we are in the digital age, I think that bitcoin outperforms gold in many characteristics, but this does not mean that I will easily abandon gold.

When it comes to money both bitcoin and gold cannot be the best. There is a thing called Gresham's law which the good money drives out the bad. Hopefully, for your own good you are careful not to overallocate to gold and underallocate to bitcoin based on your trying to believe that each of them are similar in their levels of "bestness."

The same is true for institutions (banks or otherwise) and governments playing the same games in regards to their beliefs that gold is "equally" good or even erroneously believing (presuming or concluding) gold to be superior to bitcoin.

Quote from: bitgolden on Today at 08:14:30 PM

Quote from: tottong on May 08, 2025, 09:43:26 AM

Quote from: kotajikikox on May 07, 2025, 11:28:57 AM

As you said it is a good reserve and has been and I think that many countries are still holding on to their gold reserves. Buying bitcoin does not mean they will be totally replacing gold. Maybe they are just focusing on increasing their bitcoin reserve since they probably already have more of gold. Bitcoin seems to be a lot more volatile than gold which is riskier but also serves more opportunities for bigger profit so that might be why they are focusing on bitcoin more. But if you have enough funds, why not invest in both?

That's a fact that happened because even though many countries have considered the adoption of Bitcoin as a strategic step, it does not mean they are throwing gold.
Bitcoin is quite speculative compared to gold, but in terms of durability is not much different and we can see when a recession occurs and Bitcoin is still standing so strong.
This is talking about the state and I don't think it's funds that are a problem, but rather how the approach can be done based on the right study.

See how the country has done it and may be a reference for other countries because gold and Bitcoin are a hedge despite different speculative speaking.

Yeah, mine for example has that "lets not buy bitcoin, but if we seize from anyone, lets not sell it" approach, they are not selling gold to buy bitcoin, they are not even buying bitcoin, they are just seizing it from criminals, and not selling it and holding it at treasury, that way, they keep growing their bitcoin amount, and it becomes a defacto strategic reserve. If we keep doing that then we are going to end up being alright, won't face that many troubles at all.

If we can move this further, to the point of buying some bitcoin every year with some money they get from taxes, that would be seen wrong because people would rather not pay taxes, so that means this would be just added taxes and nothing big at all, it would be a bit troublesome.

Sure of course some of the governments and the financial institutions (just like individuals) are starting out with their bitcoin journey slowly and more and more likely going to be realizing that they would have had been better off to have had employed a more proactive rather than reactive strategy when it comes to bitcoin accumulation and/or maintenance.