[ExI] Bitcoin

[Eugen Leitl]

On Fri, Apr 12, 2013 at 02:06:53PM -0700, Gordon wrote:
> Gold and other precious metals are also getting hurt, with gold breaking down through a key support level. Given the theoretical similarities between Bitcoin and precious metals, this is probably only partly a coincidence.

Gold is not an investment, it's a hedge against 
against hyperinflation. This is where you're interested
in return of (at least parts) of your investment.

The bets on Bitcoin are on its utility as a transfer
currency, which is unrelated to short-term animal
spirits (fear and greed). 
 
> Gold Sinks into Bear Territory
> http://online.wsj.com/article/SB10001424127887324695104578418551548370608.html