one thing is for sure when it comes to the crypto v gold debate shortly ... we’ll soon find price discovery in the cryptos because exchanges are being set up where you can actually ‘short’ .... unlike the gold market tonite where $6bn was notionally (paper) dumped (equivalent to half of Barricks MC) in a few minutes ...
that type of behaviour is coming to cryptos shortly ...
cryptos:-
# no privacy on any transaction (and all records kept on the block chain ledger)
# no true market - you can’t short (all skewed towards the longs)
# no barriers to entry =unlimited supply of competitors
# incredibly power intensive to mine (one bitcoin = the av. house supply)
# not physical -I need a computer at all times -even if I want to buy some eggs
# no long term history - how does it perform in a crisis?
# it can be hacked (man made)
....
- Forums
- Commodities
- GOLD
- Gold Predictions 2017
Gold Predictions 2017, page-330
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online