Perhaps the irony was lost upon me?


I will agree that past performance does not equal future results, yet bitcoin's trend versus gold's trend can help to inform us regarding what is happening between bitcoin and gold.

It seems to me that bitcoin continues to eat gold's lunch, yet part of that conclusion is reached by not only attempting to consider what each is offering, yet by looking at past performance.  Gold is not as good of a money as bitcoin, yet it still is taking some time for some of the institutions and governments to see the writing on the wall.


I understand that the history is overly favorable to bitcoin based on some of its early days of not having a price, and so in that regard, it is truly the case that returns are going to diminish for bitcoin in the future as compared to the past, including that the earlier that any of us was in bitcoin then the greater the returns if we had held most of our bitcoin through that period.

At the same time, we cannot act like the past does not exist.

We also cannot act like bitcoin is even close to being a mature asset class.

Bitcoin is still in early days and still disadvantaged by being in early adoption phase, especially relative to gold.  

Bitcoin is both better than gold but also in a different phase of its cycle, which is likely growth, while gold is diminishing in influence due to some of its own limitation, including but not limited to the burdensomeness of its physicality.  Maybe we might come across some kind of Armageddon where physicality becomes more relevant, yet that does not take away from our current reality in which gold has already been beaten to the ground and even paper-ized, so sure there could be a revaluation of gold that would then drive physical  gold back up, yet those kinds of scenarios seem to be quite unlikely and we may well differ in our opinions regarding how likely some scenarios of gold physicality can be brought back into value and recognized by being sufficiently scarce and therefore a sufficiently good forum of money..

It seems crazy to put our bets on that horse, even though some folks seem to be willing to do that, yet I think that the folks betting on gold rather than bitcoin are not sufficiently informed about bitcoin whether it is through their own fault or just coincidence.  There is value in learning about bitcoin, even though it comes off as abstract and fantastical, and even you as a miner have some ideas about the systems of power and computers backing up bitcoin that make it more than just fantastical.


Sometimes it is useful to look at trends, whether it is every 4 years or some other trend, and many of us realize that gold had its own peak in 2011, so maybe it is somewhat not fair to measure from 2011 - even though 2011 is 14 years ago... but we can still take some snapshots of the trend and we see that bitcoin is ongoingly growing relative to gold, and it is difficult to spin it any other way, even though surely bitcoin is ONLY approaching its 17th year, and so yeah 17 years is not a lifetime, so there can be changes in trends at any moment.

With the below chart (which shows from 2014 to present (so nearly 12 years), we should be able to see the trend and even see the recent activities of gold performing better does not really show up on the bitcoin versus gold chart.


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

You can go to the website with the chart and adjust the chart to your own timeline by sliding the little timeline button at the bottom to zoom in on any period that you like and you can look back at longer trends all the way back to bitcoin's introduction, or you can cut out the earliest of years in bitcoin to see less appreciation of bitcoin as compared with gold, yet it should still seem to appear as quite outrageous growth of bitcoin relative to gold..

Sure we can look more recently at a chart from February 2021 to present (see below) and see that most of 2022 bitcoin was down relative to gold, but bitcoin largely made up for the downtrend and is largely back to where it was on the trendline prior to the 2022 down period.



I am not going to proclaim to be an expert in regards to reading charts or even to proclaim that the charts tell everything, since usually we can incorporate explanations, and sometimes the charts will help us to see a bit better in regards to what someone might be saying with their snapshot figures.


It seems to me that we do not have enough details, and if the distance really was 200 yards (meters), then that is a really expert-level kind of shooting, especially with ONLY one shot.


Why don't you just show your work?  if you came up with numbers that were wrong, then show how you calculated the numbers.

If you were trying to make a point about bitcoin outperforming gold, then surely you can make that point, but you would not necessarily need to use the same dates that Philip did.. , but if you are using the same dates, then it is good to show your work.  I largely think that Philip is wrong too in regards to his propagating wrong ideas about gold outperforming bitcoin, even if some dates can be shown in which gold outperformed bitcoin.. In the overall scheme of things gold is getting its lunch eaten, even though temporarily gold is showing some signs of life.

Perhaps the irony was lost upon me?


I will agree that past performance does not equal future results, yet bitcoin's trend versus gold's trend can help to inform us regarding what is happening between bitcoin and gold.

It seems to me that bitcoin continues to eat gold's lunch, yet part of that conclusion is reached by not only attempting to consider what each is offering, yet by looking at past performance.  Gold is not as good of a money as bitcoin, yet it still is taking some time for some of the institutions and governments to see the writing on the wall.


I understand that the history is overly favorable to bitcoin based on some of its early days of not having a price, and so in that regard, it is truly the case that returns are going to diminish for bitcoin in the future as compared to the past, including that the earlier that any of us was in bitcoin then the greater the returns if we had held most of our bitcoin through that period.

At the same time, we cannot act like the past does not exist.

We also cannot act like bitcoin is even close to being a mature asset class.

Bitcoin is still in early days and still disadvantaged by being in early adoption phase, especially relative to gold.  

Bitcoin is both better than gold but also in a different phase of its cycle, which is likely growth, while gold is diminishing in influence due to some of its own limitation, including but not limited to the burdensomeness of its physicality.  Maybe we might come across some kind of Armageddon where physicality becomes more relevant, yet that does not take away from our current reality in which gold has already been beaten to the ground and even paper-ized, so sure there could be a revaluation of gold that would then drive physical  gold back up, yet those kinds of scenarios seem to be quite unlikely and we may well differ in our opinions regarding how likely some scenarios of gold physicality can be brought back into value and recognized by being sufficiently scarce and therefore a sufficiently good forum of money..

It seems crazy to put our bets on that horse, even though some folks seem to be willing to do that, yet I think that the folks betting on gold rather than bitcoin are not sufficiently informed about bitcoin whether it is through their own fault or just coincidence.  There is value in learning about bitcoin, even though it comes off as abstract and fantastical, and even you as a miner have some ideas about the systems of power and computers backing up bitcoin that make it more than just fantastical.


Sometimes it is useful to look at trends, whether it is every 4 years or some other trend, and many of us realize that gold had its own peak in 2011, so maybe it is somewhat not fair to measure from 2011 - even though 2011 is 14 years ago... but we can still take some snapshots of the trend and we see that bitcoin is ongoingly growing relative to gold, and it is difficult to spin it any other way, even though surely bitcoin is ONLY approaching its 17th year, and so yeah 17 years is not a lifetime, so there can be changes in trends at any moment.

With the below chart (which shows from 2014 to present (so nearly 12 years), we should be able to see the trend and even see the recent activities of gold performing better does not really show up on the bitcoin versus gold chart.


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

You can go to the website with the chart and adjust the chart to your own timeline by sliding the little timeline button at the bottom to zoom in on any period that you like and you can look back at longer trends all the way back to bitcoin's introduction, or you can cut out the earliest of years in bitcoin to see less appreciation of bitcoin as compared with gold, yet it should still seem to appear as quite outrageous growth of bitcoin relative to gold..

Sure we can look more recently at a chart from February 2021 to present (see below) and see that most of 2022 bitcoin was down relative to gold, but bitcoin largely made up for the downtrend and is largely back to where it was on the trendline prior to the 2022 down period.



I am not going to proclaim to be an expert in regards to reading charts or even to proclaim that the charts tell everything, since usually we can incorporate explanations, and sometimes the charts will help us to see a bit better in regards to what someone might be saying with their snapshot figures.


It seems to me that we do not have enough details, and if the distance really was 200 yards (meters), then that is a really expert-level kind of shooting, especially with ONLY one shot.


Why don't you just show your work?  if you came up with numbers that were wrong, then show how you calculated the numbers.

If you were trying to make a point about bitcoin outperforming gold, then surely you can make that point, but you would not necessarily need to use the same dates that Philip did.. , but if you are using the same dates, then it is good to show your work.  I largely think that Philip is wrong too in regards to his propagating wrong ideas about gold outperforming bitcoin, even if some dates can be shown in which gold outperformed bitcoin.. In the overall scheme of things gold is getting its lunch eaten, even though temporarily gold is showing some signs of life.