So, you invest in Bitcoin to gain more fiat?
Discussion
I save in Bitcoin because it’s superior money to all other options.
Verse gold: bitcoin accrues significantly more purchasing power through time, I can send it across the global at the speed of internet comms, it’s easily verifiable, more secure, finite and highly divisible.
Gold is inferior to bitcoin as money. Why would I waste monetary energy on something that is objectively inferior?
You're in the trap that I explained in the original note.
Nah. I’m just being objective. I don’t FOMO because I can do math and simple engineering comparisons.
I would think that an objective person can easily see that more than one asset exists. Is that really your stance?
Never claimed there was one asset don’t straw man. Bitcoin is just the objectively superior asset. Simple.
I asked to clarify, not to accuse. No strawman here.
Can you clarify why you responded to my original note? I never made any claim for, or against, Bitcoin.
It seemed like you were in opposition to the concept that there can be more than one right answer, but maybe you're just hijacking to cheerlead? 🤷🏻♂️
I was showing mathematically that gold has been flat vs debasement long-term and that unless you want 0-1% real rate of return by holding an analog asset that is inferior to bitcoin, it has been the wrong answer.
FOMO is an emotional response. I’m making an analytical case against it.
That would assume a narrow reason for purchasing gold. The fact that it didn't fall (along with fiat) can mean that it is also a win. It really depends on your goals. Gold has often been seen as a hedge.
If your goal is to just make as much fiat as possible, then you can ultimately point to the best performer, and claim it is the only good option; but that's not how successful investing has worked in the past. The successful investors have always used multiple assests to maintain, or increase, their position.
I named several reasons why I choose Bitcoin over gold; the main problems with gold that Bitcoin fixes are why Bitcoin is the rational choice.
From my second reply: “verse gold: bitcoin accrues significantly more purchasing power through time, I can send it across the global at the speed of internet comms, it’s easily verifiable, more secure, finite and highly divisible.”