Bitcoinia (Bitcoin Art) on Nostr: He's likely correct that this is a failure point of BTC imo although you could argue ...
He's likely correct that this is a failure point of BTC imo although you could argue against this I suppose in some ways.
In such cases its good to own 6-12 months of minimum expenses in GLD but not to have the bulk of your wealth in GLD.
Its useful to talk in probabilities instead of absolutes. Is BTC better than GLD? Depends on the scenario. There are trade offs with both. So the Q becomes whats more likely to happen and which asset mix gets you where you wanna go?
For eg, I think the chances of the power and internet going out for a long time are low in the near future (5 years) but not zero. in this case I would say keeping SOME Gold is a hedge against this low prob scenario. You would also want food store, water store, protection etc. The probabaility amy differ between location and persons sense of the world. V individual choice.
I think its more likely that power stays on, internet stays on and we have a very inflationary next 5-10 years as the can gets kicked further down the road. As such BTC makes more headways against inflation than GLD so its better to have the bulk of your wealth in BTC imo.
In such cases its good to own 6-12 months of minimum expenses in GLD but not to have the bulk of your wealth in GLD.
Its useful to talk in probabilities instead of absolutes. Is BTC better than GLD? Depends on the scenario. There are trade offs with both. So the Q becomes whats more likely to happen and which asset mix gets you where you wanna go?
For eg, I think the chances of the power and internet going out for a long time are low in the near future (5 years) but not zero. in this case I would say keeping SOME Gold is a hedge against this low prob scenario. You would also want food store, water store, protection etc. The probabaility amy differ between location and persons sense of the world. V individual choice.
I think its more likely that power stays on, internet stays on and we have a very inflationary next 5-10 years as the can gets kicked further down the road. As such BTC makes more headways against inflation than GLD so its better to have the bulk of your wealth in BTC imo.