Jump to content



Photo

Bitcoin could replace gold


  • Please log in to reply
42 replies to this topic

#1 CLK

CLK

    Member

  • Traders-Talk User
  • 9,447 posts

Posted 18 July 2018 - 03:32 PM

This B wave in gold could resolve to $100 an ounce, and Bitcoin could be the reason.

 

 

https://www.independ...r-a8323441.html

 

 

 


Edited by CLK, 18 July 2018 - 03:38 PM.


#2 dougie

dougie

    Member

  • Traders-Talk User
  • 6,149 posts

Posted 18 July 2018 - 04:16 PM

i will give you 3: 1 odds on that



#3 denmo83

denmo83

    Member

  • Traders-Talk User
  • 296 posts

Posted 18 July 2018 - 05:00 PM

My guess is $837 an ounce within 2 years



#4 AChartist

AChartist

    Tim

  • Traders-Talk User
  • 5,242 posts

Posted 18 July 2018 - 09:37 PM

clif said lately gold wasnt going to do well but will be around, silver eventually will because of hypertech


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#5 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 22,807 posts

Posted 19 July 2018 - 08:20 AM

Somebody tell me the value of Bitcoin if the internet is compromised or broken?

 

That's the problem, it's a big fat ZERO...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#6 hhh

hhh

    Member

  • Traders-Talk User
  • 114 posts

Posted 19 July 2018 - 09:10 AM

There's no barrier to entry for cryptos, but somehow Bitcoin keeps people's attention. If that changes, it's lights out. There is no easy replacement like that for gold. Clif predicted silver at $600 to happen over a decade ago if I remember right.



#7 CLK

CLK

    Member

  • Traders-Talk User
  • 9,447 posts

Posted 19 July 2018 - 09:34 AM

There's no barrier to entry for cryptos, but somehow Bitcoin keeps people's attention. If that changes, it's lights out. There is no easy replacement like that for gold. Clif predicted silver at $600 to happen over a decade ago if I remember right.

 

 

Bitcoin has a limited supply, unlike metals.The majority of the tokens will fail though. I think Clif just picked the wrong direction for silver.

Has there ever been a commodity removed from the CME ? The fact that Bitcoin was even listed says to me it's not going away.



#8 hhh

hhh

    Member

  • Traders-Talk User
  • 114 posts

Posted 19 July 2018 - 09:54 AM

Metals have a limited supply on Earth, but the supply is unknown. Bitcoin in isolation is limited, but cryptos aren't, and they don't have particular unique properties like elements that distinguish them from each other. I think the powers that be saw a market they wanted a piece of action from. What's to stop other cryptos from being listed?



#9 CLK

CLK

    Member

  • Traders-Talk User
  • 9,447 posts

Posted 19 July 2018 - 10:07 AM

Only trade I will take in OTM are leaps and rarely, so I bought 10 of the Jan. 2020 90 puts on GLD,

could be a total loss or an 80k trade if I'm right.



#10 CLK

CLK

    Member

  • Traders-Talk User
  • 9,447 posts

Posted 19 July 2018 - 10:21 AM

Metals have a limited supply on Earth, but the supply is unknown. Bitcoin in isolation is limited, but cryptos aren't, and they don't have particular unique properties like elements that distinguish them from each other. I think the powers that be saw a market they wanted a piece of action from. What's to stop other cryptos from being listed?

 

I think the next to be listed might be Etherium, I don't think they will list something with a large supply with only a year of track record.

 

https://howmuch.net/...-in-perspective