Replies (8)

We're still early. Gold and silver are well-known to many people who still know nothing about Bitcoin. I'm no expert analyst, but it makes sense to me that the Bitcoiners are saving up first, then the rest of the world in the way they know, and they'll catch on later when they learn more. It would be cool to be able to measure self-custody of these three (not that I think we should) and see how that adds up.
sauna's avatar
sauna 2 weeks ago
I remember dunking on silver too when we flipped it. Oh well, I have more sats today than yesterday.
I'm all in and have been for a while. However, if I was not in bitcoin and I was watching thousand year old assets outperform, I would have a hard time justifying the risk/reward of Bitcoin over those metals. Not the case for me personally, but definitely a hard sell to buy bitcoin when it is so new and has perceived risks that don't exist for gold or silver. IMO, the scarcity, self-custody, and usability of Bitcoin will cause it to outperform drastically long-term. I do believe gold and silver are running and Bitcoin will follow. And when it does, watch out.
Bray's avatar
Bray 2 weeks ago
Crazy. Why silver though? Feels like it’s people who think they don’t have enough money to buy a whole ounce of gold or a whole bitcoin… I guess this is what they mean by “the market can stay irrational far longer than you can stay solvent.”
I mean it's both metals. Gold ran first, then silver. And bitcoin next? Let's hope so. I've always understood that gold would run, but never understood why you would buy silver. It's less scarce, so why not just buy gold.
Bray's avatar
Bray 2 weeks ago
Right. I don’t get it either.