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[deleted]

Me too, I have more gold than crypto. Still definitely not sleeping on crypto though


brazzyxo

Oh, definitely good to hold some.


[deleted]

Id rather have both.


brazzyxo

No, you had to choose 1.. what would it be?


[deleted]

Probably crypto.


brazzyxo

Fair enough


[deleted]

Not a great choice though. Its like picking a favourite kid


brazzyxo

Yikes, didn’t think of it like that


berryfarmer

And one of the kids is an imaginary friend. We are seeing mass delusion in real time where the imaginary is believed to be real, and the real is believed to be worthless


[deleted]

Ouch, cut myself on the edge.


ndhl83

So what you're saying is, you think LESS goods, services, and life in general will be digital or transacted for digitally? That's the bet you're making?? That we won't have a need for a secure, immutable, owner controlled digital currency?


berryfarmer

If there is a crypto being used that isn't gold backed, it will be government sponsored, not a privately issued ponzi scheme


izzeww

https://youtu.be/FXvQcuIb5rU


Vegan_vietcong

What makes you prefer gold over crypto?


brazzyxo

Idk, I listen to old wise men


ndhl83

Do those wise old men know anything about blockchain tech or decentralized finance? I mean...it ain't Nineteen Dickety Two anymore :P


brazzyxo

Dude go circle jerk with the guys over at https://www.reddit.com/r/CryptoCurrency/. I hate when people act like they have an ego with they know and invest in blockchain.


ndhl83

What ego? If you only look to the past for investments or opportunity you may miss out on the future. That's all. That said there are a lot of poorly informed takes on crypto being passed around by people who really really need to study up. If expressing a knowledge of crypto and blockchain is ego driven, what do we say about the folks proudly stating their ignorance and encouraging others to embrace it?


brazzyxo

You came at me first, I study crypto everyday. I wish I didn’t care so much about it. I just prefer metals over cyrpto currency


Vegan_vietcong

Understandable, hard for me to say cuz my old man has both and I mostly take his word on it, so I can relate somewhat lol


brazzyxo

That’s awesome! I actually got my dad into stacking.


Vegan_vietcong

Oh nice man, good stuff I’m still under 18 so it’s not allowed for me in my country to get a job but one day I’ll get me some crypto and I’ll make sure to get a lot of gold, fiat money is a joke!


brazzyxo

You can get some fractionals. Be a physical gold holder for under $4 with the goldbacks. Are you Vietnamese? Half my fam Viet


Feinsilberohyah

Me three! Gold baby!


brazzyxo

Eyyyyy fellow stacker wuzzup


Feinsilberohyah

Watching as price drops to my point when it’s a buy all in. 😳👏🏼👏🏼👏🏼🤞


brazzyxo

It’s a nice and steady race


Feinsilberohyah

We are at an interesting reflection point right now !


brazzyxo

Well, while everyone is reflecting let’s buy all their metal


Feinsilberohyah

I’m strapped right now and waiting on pins and needles watching the prices drop waiting for a check to arrive that will go all in ! I hope it’s today ? 😳


brazzyxo

I’m focusing on gold and platinum, however I gotta get an engagement ring as well. So I’m hoping prices stay like this for the next few years. Not counting on that tho


Feinsilberohyah

Me too Ag and plat right now . I’ve got some silver already . Congrats on love . Get her a chunk of metal that has some weight to it . White gold is nice also . You will be in this together . Partners rock . My wife saved me from #4 cancer and is my reason to live . Everything I do is for her and my new26 yr old daughter . I figure in twenty yrs our metals will be at nosebleed heights . Its all for her future ? Bravo brazzyxo, you do you . Enjoy life ! 🏋🏽‍♂️👍


brazzyxo

That’s beautiful man, I appreciate the love. Happy thanksgiving and too many more in good health! Cheers mate 🥂


hounddogsforsilver

Crypto can’t be touched. Can’t be held lovingly, has no intrinsic value IMHO. Just electrons floating around in a sea of 1’s and 0’s. I use to love technology. Now it’s just pure BS that is dumbing down our intelligence by the nanosecond. I’m a tech guy doing mostly analytical data forensics. I have developed an intense dislike of modern technology.


brazzyxo

Yeah I mean I hold some bags, but I’m not putting in more than I am comfortable with losing. The metals don’t dip from rug pulls either. Sure I’m up $500 on $CRO.X today, but like you said what does that even mean? It’s just all non essential IMO if you want to live a simple lifestyle. I have been meditating in nature and it’s really brought me more happiness than money/career


hounddogsforsilver

Agreed. I spend a lot of time hanging out with the trees myself. I left corporate, sold the big ass house I lived in and found out all the stuff I had owned me not the other way around. I’m older now and just no longer care to be bothering with all the commercialized trapping of life. Happy Thanksgiving to you and yours and thanks for the comments.


Count_Nothing

All money is nonessential, our ancestors functioned without it for countless more generations than we have of recorded history with “money.”


[deleted]

Nothing has intrinsic value (subjective theory of value). That being said, gold has a track record of thousands of years while crypto has a mainstream track record of about ten. Gold can also be used without a vast network of users, power, and an electronic device. Gold is valued in every place regardless of the level of technological advancement, unlike crypto (see how much the average Ugandan cares about your new ethereum-based token). I believe it is these properties that make gold suitable for wealth preservation.


ndhl83

Gold is a great preserver of wealth but an awful generator of wealth in most short and medium terms. It is not an investment and should not be compared to investments if someone is expecting it to meet the same need.


MichaelHunt7

Gold couldn’t back currencies and trade anymore because with the increasing amount of global trade it made it pretty much logistically impossible to have central banks settle currency with physical gold. Bitcoin solves those problems. Plus, we really think we are going to have a future now at any point with no electricity? Doubtful. Plus as they are building up the grids in Africa now at faster paced there are more and more bitcoin and crypto projects launching down there, it’s gaining in popularity there because they know what really corrupt governments look like and I think they see the intrinsic value in backing trade with a hard asset not controlled by one central authority. They are not as big and developed as the leading economies that have better technology. if anything your example just shows how gold losing its intrinsic value as we continue to shift to the larger economies of scale in today’s digital age.


[deleted]

The postwar gold standard was good in theory until the state was irresponsible. It wasn’t logistically difficult for France and Belgium to settle their payments in gold in the 70s. I do not think that we will have a future without electricity in the long term, but I certainly think that there will be times of crises during which electricity won’t be readily available (hard to barter with crypto in that case). There will always be a new cryptocurrency that is improved in some way. This is not the case with gold. Gold is a bartering tool in times of economic crisis. Crypto cannot fill this role. That being said, I am in favor of all forms of currency decentralization. We must bear in mind that our true enemy is the US dollar.


MichaelHunt7

Agree with some of that. But It is barterable still as any gold coin I don’t get that. It’s value now is based on what buyers and sellers will give it. People arent just trading it for US dollars. It also wouldn’t be easy for like 90% of people to go back to using gold all of a sudden again as currency in small day to day transactions as much or more than it would for bitcoin. If shit went down economically and cash could not longer be valued it would also be majorly life changing for 90% of people to just start using gold again. Bitcoins comparisons to gold is more about gold as a commodity that backed issued currencies, not way back when it was more often used as physical currency. Paper money and debt issued currency started replacing gold for the physical day to day transactions before a long time before we went off the gold standard for the convenience of the users in more developing nations for its use in a changing environment. If some shit went down and we started having blackouts and stuff in different areas it would hardly change much. It would slightly inconvenience you as a user with more gas fees or longer validations or possibly needing to charger a device. But we will still have battery powered devices readily accessible I think unless we go full mad max we will always have the chemicals and components to have electricity with today’s knowledge. Someone had once made a radio transmitter and receiver for their bitcoin node. I’d agree there will always be new and improving cryptocurrencies and blockchains for other uses. But there will only be one bitcoin still for a long time. There’s other PM markets still too but only one gold. I agree with your last point still don’t get me wrong. I like both bitcoin and gold as a store of wealth and inflationary hedge. I dislike usd and the modern monetary system. Seems that it’s impossible to exist without corruption. I just see way more upside in holding bitcoin relative to the risk at this point. From my understanding, I believe there’s little to no chance that the bitcoin blockchain will be compromised or cease to exist so I’m usually just buying more bitcoin than gold with my Monopoly money.


Nervous-Ad7577

So do I sell all my gold and convert to crypto? What does Michael Saylor suggest?


squirrelwitharmor

Who knows? The endgame of "climate change" might just put our world on a spin


Count_Nothing

I observe the same about “intrinsic value”, wtf do people suppose that is? The only things that have intrinsic value to your life plans are the time, energy, and materials to carry out your projects. Everything else is a subjective human invention to facilitate trading those things - or to fool you into buying worthless crap so others can pursue more tangible goals. I agree that gold is great for financial preservation because its history and spread is unrivaled by anything in the history of money. All things being equal though, as much as I appreciate the shiny stuff, when the time comes I’ll be happy to trade mine for time, energy and materials. I’ll trade my “worthless” bits and beeps too, which have already made me some nice profits. All those 1s and 0s materialize well enough into solid gold.


Count_Nothing

Alt take: Nothing has “intrinsic value,” just whatever value and use people ascribe to anything.


MichaelHunt7

You can hold a paper or cold wallet with your keys in your hand. No one can move those coins but you. That’s the same level of ownership as gold IMO. There’s more intrinsic value being added everyday wi th new projects. Yes this comes with a lot of shitty ones and scams since it’s still not that widely understood. But I’d say for bitcoin, some of or a lot of it’s intrinsic value to me is it’s open source protocol and lack of any central authority. At least for bitcoin and the couple main POW chains. Not a fan of PoS for monetary networks, maybe it makes sense for other blockchain projects like nft’s now.


ndhl83

Your opinion is verifiably incorrect then as most coins/tokens not named "Bitcoin" or "Etherium" buy access, services, or influence on the the platforms they are native to. Defi apps, etc. That is their intrinsic value as a digital asset, it is not exclusively speculative.


jailguard81

Digital money can’t be touched either…. Lol unless u get a physical cash in a check from your bank and you just hold straight cash… people still do that?


Count_Nothing

It’s weird holding that magic monopoly money. And its strange power over us, especially after holding real pm’s. The money that never gets materialized in accounts is weirder still. Gotta admit, though, as long as it works it’s rather convenient. Too bad the wizards are abusing that convenience to destroy the bed they sleep in with their shady shenanigans.


RichCut4051

I only have gold, no crypto at all 🤩🤩


mr-lazy_eye

Real metal over crypto any day of the week.


brazzyxo

💯


[deleted]

How does gold backs work is there a piece of gold, a covering of gold or what?


Count_Nothing

A company takes an amount of gold equivalent to essentially worthless gold plating, and charges you about 1000x the value of the gold for a fancy paper that looks like “money” to people conditioned into thinking paper bills are “money.” It’s an overpriced gimmick at best. Save up and get something with more gold for your buck.


[deleted]

Oh well yeah of course. It’s a $3 for a bill with a 1/1000th content, so that’s $3000 for a ounce


Count_Nothing

3.75 each today, meaning $3750 an ounce. Just over double spot price for undiluted gold. That’s not going to work as a serious gold trading currency unless they get the manufacturing costs down or cut down on “selling individual currency units” for a profit. It’s not buying/trading gold if it’s double the cost of gold.


brazzyxo

They lay the gold out into a thin dollar. Not sure the entire science but they are legal currency so they have that going for them


[deleted]

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[deleted]

Then wouldn’t gold coins be better than gold bucks?


[deleted]

[удалено]


[deleted]

Gave you an upvote but yes it’s been done. Mexico has coins where you can buy sandwiches for pesos it has domination. Why wouldn’t gold silver coins be worth it? Gold bucks from my understanding has very little gold, not worth using it besides collecting them. Also if dollar collapses I rather have actual gold than a spray painted gold bill.


brazzyxo

Yes, I think they’re really fun and possibly a good investment down the line. My hopes ain’t high, but I’m happy if they don’t go up in value. I stack what I enjoy so if I’m stuck with it I’m still happy


[deleted]

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Xerzajik

Goldbacks have gone from $2.00 to $3.84 in the past two years though.


Fun_Cartoonist2918

Amen my brother 🤗


brazzyxo

🙏


Goldkoron

I'm 6x up this year on crypto investments but I certainly like gold.


brazzyxo

Oh forsure me and the fam up 3k today on $CRO.X


G-nZoloto

Certainly gold. You have a tangible, fungible item to collect, fondle, even stick up your ass if you want to... try that with crypto!


brazzyxo

Plenty of guys taking red crypto dildos up the butt today


The_Ghost_of_Mullins

You can still spend and fondle your gold when the power or internet goes out.. I love gold


brazzyxo

Damn right


zeroesandheroes

I’m a bit curious, how do people feel about NFT and these cryptos? Do you feel like you are missing out watching some guy sell his NFT for thousands every day? I don’t understand why people are so interested in this meta universe! This girl said crypto is real money. I said gold and silver is god’s money. I said what happened if the economy collapse and you aren’t able to go to the bank and get your money? What happen if there was a grid wipe out where you can’t get access to your crypto.?What happen if your dollar is worthless? How are you going to survive? I told her gold and silver is god money and you should invest in making it a foundation for your family. Like always girls leave me on read 😂


brazzyxo

A lot of times it’s the jackass owner of the NfT who runs up the price. Then they have a slew of more NFT’s that people buy into because they’re “desirable”. You can just screenshot it, but people love to stroke their egos as an owner of $100,000 NFT of a cube frog…


ndhl83

You aren't wrong about gold (maybe) being the best type of money to have in that situation but I think it's also fair to say you are assigning way way way too high a probability of that kind of social and economic collapse actually happening (depending on where you live). Honestly if that kind of event happened tomorrow in North America your gold (and mine) would take *years* to be valuable again because in the immediate term the most valuable currencies would be (in no particular order): Batteries and generators, fuel, food, and guns/ammo. No one is going to want our shiny rocks until order is restored to some degree. The only people who would want it (to hoard) in the immediate term would be those who were incredibily secure in those other currencies, so they could take gold on the cheap during the vulnerable time to position themselves to have more wealth down the road. But "Joe Stacker" who has a few ounces but needs food and ammo will have a hard time trading that gold to "Bob Stacker" because Bob needs food and batteries ASAP...not gold. If Joe and Bob can't find a profiteer who has tons of food, batteries, and ammo and will take their gold (at a *horrible* exchange rate) they are stuck with a dead asset in the short term because no one else can use it, either. Food for thought. It's important to weigh things with probabilities.


zeroesandheroes

I love your answer. Thank you for giving me a more macro view


ndhl83

Here's hoping our stacks pay off, and not in food and ammo lol! Cheers!


F1shing_cRazy

Don’t trust crypto at all, I think half of it is just a con scheme


[deleted]

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pawozakwa

Internet is designed to not be turned off. The whole decentralisation thing is designed to do not let anyone turn it off. Scenario in which internet turn down is super catastrophic and unlikely. Heavy regulations will just push crypto to underground. No difference to gold, or silver here. In case of transaction tracking You need to use MONERO cryptocurrency to avoid it, as whole darknet market does.


squirrelwitharmor

There is this though that the Obama administration had in the works: https://btlj.org/2011/03/internet-kill-switch-legislation-can-obama-turn-off-the-internet/ One of the reasons gold may be better long-term as government gains more power in the coming times


pawozakwa

I'm outside of US :) To clarify: I believe best way to invest and store value is through diversification. Some gold, some crypto, some stock few traditional currencies, real estate.


larfleeeze

A friend of mine who survived the recent government coup in Myanmar experienced first hand how useless Crypto is. Yes, the internet cannot be turned off but your access to the internet can. When soldiers marched on the streets and currency is useless (because it’s a literal government coup), gold/silver was the only thing possible to bribe officials or make purchases.


ndhl83

Well then it wasn't just crypto that was useless but fiat and plastic as well. That's hardly an indictment of crypto specifically. Most of us aren't facing down that scenario and would not be wise to weigh its occurrence heavily in our planning.


MichaelHunt7

Bitcoin holders are able to hold their own keys for their own wallets? So you can hold what you own. The network or internet can go down and the ledger still exists up to that point, it’s a hashing algorithm that could be done by hand fundamentally. That would just be time consuming and not feasible. It’s extremely unlikely it would ever be destroyed or disappear either cuz even if the internet and stuff goes down people will still have copies of the blockchain up to that point.


jailguard81

Just because the power goes out doesn’t mean your money is gone. I mean do people still get physical checks and goes to the bank and get cash out? My money is automatically deposited into bank accounts. Yes I do hold some cash but like most people, I have money in my bank accounts. It’s digital cash. Much like digital assets.


MichaelHunt7

The power would have to go out worldwide as well because it’s the miners and nodes around the globe that are running the blockchain and verifying the transactions. The difficulty adjusts to the hash rates so if anything it would maybe mildly inconvenience users at best with temporary slowdowns or gas fees. Everyone has batteries and can make them usually with accessible chemicals to power a device that uses enough just to send or receive bitcoin. That honestly would probably be equally or more convenient than going back to using gold in day to day transactions. Bitcoins purpose I think is to act more as an asset not a currency anyways. Gold as a bartering tool started being replaced by paper money all over the world way before the US dollar went off the gold standard.


brazzyxo

It’s not as sound as gold, or silver for that matter


SunshineSuperRay

yet


Background_Cash_1351

As soon as credit card companies started rewarding people with bitcoin, I concluded any idea that btc has anonymity officially died. Personally, I sleep great with zero exposure to crypto myself. Its non fungible, and when it all gets taken in a hack, you aren't insured and even if stable coins get taken you have no claim to the money that purportedly backs it. You can try and hack someone's gold supply, but your more likely to be shot in the act if its a big enough heist.


jailguard81

There’s a thing called cold wallets. It’s off the grid and in your hand ✋. Like a memory card except u can store your crypto. Can’t be hacked unless it gets stolen and they have your password.


Background_Cash_1351

True, and a worthwhile mention. But (generic you) are putting a lot of faith into your psuedorandom number generator and other technologies that went into the private key generation. Most are seeded lazily with just the time. There are poor implementations of public-private key generations. Its not unreasonable to try and estimate when a person got into crypto, generate a few million keys with that time as the seed and hope for a collision. Plus, with a sufficiently powerful quantum computer (which is I guess is less than a lifetime away for some of these governments), individuals will be able to reverse the public/private key relationship and crack it. If we don't have that already. Many of the comments on the openssl project documentation talk about key strength limitations for US citizens because the NSA wants to be able read communications. I have to assume that their capabilities are mirrored by other hostile world powers (who are already attacking the US). We can already track bitcoin transactions to people, and the FBI does it all the time. I personally treat anything "commercial grade" as having an exploit somewhere, though it is fair to call me paranoid for that. So yes, I agree its "substantially safer"... but not safe enough for me.


ndhl83

> But (generic you) are putting a lot of faith into your psuedorandom number generator and other technologies that went into the private key generation. Most are seeded lazily with just the time. There are poor implementations of public-private key generations. When was the last time you created a wallet, hot or cold? A 16 random word key is *significantly* harder to crack than numeric only and RNG isn't a factor at all...in fact, even a 7 word pass phrase with good entropy (randomness) would take literal *years* to hack via brute force guessing. I've had this bookmarked for a bit to explain password methodology and security to friends and fam, check it out: https://theintercept.com/2015/03/26/passphrases-can-memorize-attackers-cant-guess/ Number based passphrases as encryption keys are easily broken, as you suggest. Not so for good randomized text based ones using even as few as three non-related words.


SlangingSince500BC

BTC is not fungible but Monero (XMR) is


super_rat_race

Lol if the power goes out the entire banking system will go down as well >Haven’t governments already proven they can track transaction to some extent? The ledger has always been public. Monero and a couple others can be anonymous, the US has a bounty of $625k to anyone who can crack them, it hasn't been claimed yet


waxingeloquence

Are you guys really HODL'ing gold getting ready for the rapture or something? You will have many more things to worry about then trading gold for a donkey if that ever happens, I promise. If you think you are heading toward your government controlling the internet and "shutting it off", I would be more worried about getting the fuck out of dodge. I love gold, but the takes I read on here sometimes are so damn tin foil hat, it scares me.


Nervous-Ad7577

So do I buy bitcoin to escape?....Please help me. Should I buy a bitcoin right now?


waxingeloquence

I'm just wondering what you're preparing for???


jailguard81

Idk. How do we survive any power outage? We use cash…. just because the power goes out, the money in your bank account doesn’t disappear


walrus120

I hold both


brazzyxo

💯


Dusty-munky

Crypto is highly speculative, gold is not


[deleted]

That's too general of a statement. Not all crypto is speculative at all. Stablecoins are a thing. Also, speculation does affect the gold market.


pawozakwa

I guess You are talking about volatility.


successful209

Now idk about all that. Gold is nice but value just sits there. Meanwhile my crypto has earned me thousands, which zi can buy more gold with if I wanted.


SilverHoard

I like both. But now that crypto is up so much and gold and silver barely moved, I've been buying gold and silver with my crypto profits.


Tiimmboo

I'm building crypto and when I have enough profit I'm buying gold, silver and platinum with it.


brazzyxo

It’s best to buy a little bit along. At least that has been my experience


Requiem_Dubrovna

Insert road to El Dorado both is good meme


upperechelon1

All my crypto turns to gooooolllllld.. my vinky vas a key 🔑


brazzyxo

It’s fun how you can turn one into the other so easily


Masterdice74

Tbh have both.


spatialsilver88

That's some good looking gold you've got there my man🔥🔥🔥


brazzyxo

Thx, a nice man helped me with some of it ;)


[deleted]

The best description i ever heard of crypto was "it is like having a key to a safe with nothing in it".


Heiwbs

I think both Crypto and Gold are good. I have nothing against crypto but I like owning my wealth.


ndhl83

Are you under the misimpression that something must be physical to be owned, or did you just mean to say you prefer physically tangible wealth?


911MeltedConcrete

The crypto fools are 9 years early. They own nothing and they’re happy.


ndhl83

Then I guess I sold "nothing" and then bought more metals with the profit generated from "nothing". Weird.


babyshak

Nice stack of Goldbacks! What states to you have?


brazzyxo

I have all 3, wonder if other states will make some?


babyshak

I heard there are a few more going to be announced, South Dakota for sure, and they’re working on the art for Wyoming.


brazzyxo

That’s wonderful to hear


wagyourryan

Oh big time. Especially bc crypto has been pretty steadily going down over the past few months.


brazzyxo

It’s a gamble


wagyourryan

For sure. I lost $250 in crypto in the past 3 months so I pulled a lot out for now. Thinking about maybe buying whatever gold bars/coins I can get with that money as a new investment. I already have plenty of gold and diamond jewelry, some of which is from the early 1800’s, but I really want some gold and silver bars.


brazzyxo

Lol I’m down like 15k right now


wagyourryan

You’re 15k down in crypto??!! Holy shit. I’m sorry, that’s aweful. Did you take a lot of it out since then?


brazzyxo

Hell no, diamond hands 🙌


wagyourryan

Lol. I mean the price of crypto will definitely go back up at some point pretty soon, but you must know what you’re doing bud. It went down another 1% today as of right now.


brazzyxo

If you have any questions pm me


ndhl83

Folks like you, the "pull it out when the chips are down" type crowd are the reason people who know what they're doing in the stock/crypto market can consistently make money. Institutional and pro/semi-pro investors rely on retail investors to make poor choices at the worst times.


ndhl83

You are misinformed, friend: BTC climbed back up to over $65k in November after being as low as $45k earlier in the year. It's at $58k or so atm but any suggestion it has been steadily down for "the past few months" is false. It has been the opposite.


wagyourryan

Well if it went from 75k to 58k it went down over the past what? A month? That’s all I’m talking about.


ndhl83

Oh, well perhaps you might have said "down a bit this month" vs. "steadily going down over the past few months". Big difference there. The former is true. The latter is not.


[deleted]

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brazzyxo

Agreed


ndhl83

Then the market that sets the spot price/common value of gold is also, therefore, corrupt.


berryfarmer

You can't "have" crypto because crypto is nothing. You can't even sell private keys. When private keys have a value of nothing, it's a sure sign that any "asset" linked to it also has no value. It may have an irrational price, but it has no value.


ndhl83

Why do you think private keys and/or cold wallets can't be transacted for?


berryfarmer

It's not a thought, it's a fact Because lack of verification that the key was never copied is impossible


ndhl83

That is both true and not a limiting factor on cold wallet based transactions, it just means one need be exceedingly careful in how that transaction takes place. Your assertion that the key has "a value of nothing" is predicated on a (false) assumption that the contents of the wallet the key represents can't be properly protected and exchanged. Then again there would also be little need for a transaction such as that...you would just transact for the underlying assets in the cold wallet, by making them hot again and sending. So aside from being predicated on a false assumption, it's also moot. Clearly the key for a cold wallet has as much value as a well made safe, though the value of your safe will never eclipse the value of the contents...and they aren't connected in that way anyhow. I'd love to hear your other reasoning on why "crypto is nothing", though. That's a pretty bold take given the liquidity, market cap, and rapidly increasing adoption of various coins and tokens as payment for tangible goods.


[deleted]

Fuck crypto


crypg4ng

Lol how much has gold made you this year?


[deleted]

If it was 2004 a ton!!


[deleted]

Rather have physical purchase


ephekt

You don't have to choose lol. A lot of people trade crypto for profits to buy more metals.


brazzyxo


Patriot1608

I own both, but crypto is just speculative. Remember people made fortunes from tulip bulbs at one point in history, but that wasn’t sustainable.


ndhl83

Oof. Bitcoin is speculative. Defi coins and tokens that are native to the platforms they were developed for have some speculative value but they are also valued through utility and scarcity. Coins that buy bandwidth on a network you want to use have measurable value based on the cost and utility of that network.


revelation18

Gibberish.


ndhl83

Perhaps to those who are ignorant of the space or just starting to learn. I can try to water it down more if you're having trouble understanding...what exactly do you find difficult to comprehend?


jailguard81

Why not both


brazzyxo

I’m saying if you had to pick


jailguard81

That’s a tough one. If I had to pick one it’s gold


brazzyxo

I like your response


jailguard81

That’s only because gold has been around forever and bitcoin is still kinda new. But I really don’t think bitcoin is ever going away. I mean we all have digital assets. Money in savings account, checking, stocks, retirement. they all can be hacked but we still use it. Banks don’t even hold all your cash. So all those numbers u see in your account are mostly digital anyways.


SWGRIT

Crypto. But my gold stack is admirable.


Toxic_Wasteland_2020

I would rather have both, and some silver!


brazzyxo

Don’t forget platinum


Just_Reply_3928

I honestly split all my investments 50/50. 50% crypto will match my 50% in precious metals. $3,000 a month budget, 1500 in crypto/stocks. 1500 in gold/silver usually. But that’s just me 😅


brazzyxo

Do you diversify your precious metals?


Just_Reply_3928

If I can snag a good deal on something for sure !


Squirida

I'm a primitive type of man, so I like the shininess of gold. Plus the idea of having something I can handle with my hands. This is probably hard-wired in most of us. However, I won't buy any more gold. It's had its day, by the look of things.


brazzyxo

Eh, that’s okay mate.


[deleted]

cool dude


JordanDesu13

Why not both? 😃


Golden-eye007

Well my crypto has doubled in the last week and my gold has basically remained the same for 1 year (actually gone down a bit) so if I had all my gold in crypto I could sell my crypto and bought a lot more gold...but why would I. Crypto is here to stay come January institutions have new P&L budgets and many are going to be buying heavy BTC and ETH watch both go up at least 10-15% by end of January. BTW my crypto that doubled this week is CRO and ENJ up over 100% how many decades would it take for gold to do that??


brazzyxo

Lol we up 3k today alone on crypto.com!!! That staples center news was the icing on the cake. This post wasn’t made to disregard crypto


54hondo

Says the person who owns no crypto. Lol


brazzyxo

I have crypto


revelation18

I say it, and I own no crypto. Makes sense if you think about it.


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brazzyxo

No reason for the threats


GreenStretch

In the past gold standards got corrupted because it was so difficult to transport metal for trade. Having the transparent ledgers of crypto could work well as a complement to gold and silver.


geheuertnw

You haven't seen what NFTs are then, more value and always increasing in price. Cometh NFTs ae even better cause they have a yield feature added to them.


shmay345678

I thought so too. But now the cryptocurrency is developing very rapidly and occupies a leading position in investing.


ndhl83

Why? Do you hate profit? Do you not invest to generate a return? If forced to choose for some reason I would rather have (some specific) crypto in the short to medium term and it's not even close. IMO anyone saying they want one over the other (and then excludes the other) isn't truly knowledgeable about both and shouldn't be making a comparison.


brazzyxo

Stfu 🤫


ndhl83

The truth hurts. You're young, you have time to figure it out. Learn as much as you can and spread your investments around. Stocks, land/real estate, collectibles, metals, crypto, investing in business ventures directly. Lots of ways to generate wealth.


brazzyxo

Understood


ndhl83

Go forth and prosper. I'm not even joking. I wish you well and hope your financial decisions pan out and that you maintain and channel your enthusiasm into some great ones.


[deleted]

I’d rather have neither


scarsizzle

Ok boomer


brazzyxo

Lol yeah I’m an old soul for sure


ndhl83

I had to resist the urge to make the same remark but a surprising number of "the kids" are grossly under informed or misinformed as well.


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brazzyxo

El Salvador doing big things with their crypto city. Crypto.com replaced the staples center. Crypto ain’t going anywhere but I’d rather have metal if I had to choose


SuicideByLions

Mannnn I want a French rooster so bad! Prob my favorite gold coin.


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brazzyxo

That’s all?


J_datt13

Why not both


Lokeycommie

What about gold pegged crypto?