@hazz - fairly true
to spruik crypto they marketed btc as gold, and the alt coins are btc options
whereas btc is a liquidity option not an Sov
that's sort of like comparing investing in a real estate developer with investing in land without debt (ie no operating or financial leverage)
its a comparison no sophisticated investment pro would privately agree - its apple vs pears
but main st joe doesnt understand apple vs pears in investing - they just look at price - not what creates price
but what is similar is that silver is an option on the gold price - and to that extent has natural price leverage similar to what BTC has as an option on Tesla
So - purely in price probability distribution patterns - silver is quite similar to BTC
BTC depends on Tesla - which depends on Nasdaq index
Silver depends on gold which depends on US debt, debt/gdp and real interest rates - but inherently gold is less leveraged/volatile than NDX
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Mkt cap ! $23.33M |
Open | High | Low | Value | Volume |
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1 | 5104 | 0.096 |
3 | 226076 | 0.095 |
1 | 10500 | 0.092 |
1 | 10000 | 0.091 |
Price($) | Vol. | No. |
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0.110 | 60000 | 1 |
0.115 | 84864 | 3 |
0.120 | 124238 | 3 |
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