eugen at leitl.org
Sat Apr 13 13:18:42 UTC 2013
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
More information about the extropy-chat