#Bitcoin #Reddit #GoldSilver
Today is Friday 5th February 2021 and we are publishing the 9th episode in our Bitcoin vs Gold & Silver series normally published every Sunday but delayed this week due to the Reddit Robinhood Renegade attack on silver. In today’s episode we are continuing with that theme and ask can bitcoin be either the next target or a target very shortly, just as silver has been this past week. So, let’s take a look!
Now before we take a look as to whether bitcoin could be the next target of the Reddit renegade, just a quick summary of the first 8 episodes in this series:
We have listed episodes 1 -8 in the description box below. A quick recap:
In Episode 1 we explained why we launched this series and why people found bitcoin attractive.
In Episode 2 we confirmed that the Equity market is worth approximately $85 trillion the tradeable gold market is approximately worth $1.5 trillion and the tradeable silver market just $60 billion dollars.
Since the series began a little over a month ago the market capitalisation of Bitcoin was around $350 billion today that capitalisation is closer to $700 Billion
In Episode 3 we highlighted a non-exhaustive list of the disadvantages of bitcoin which are similar to other crypto currencies.
In Episode 4 we highlighted that Former White House Communications Director and Founder and Co-Owner of Hedge Fund Skybridge Capital had launched a brand new Bitcoin Fund and the reasons for doing so.
In Episode 5 we looked at the intrinsic value of Gold & Silver compared with the intrinsic value of bitcoin.
In Episode 6 we looked at a number of YouTube and Google Influencers who have used bitcoin’s rise as both clickbait and an investment opportunity.
In Episode 7 we looked at some of the commentary which followed a dramatic $11,000 fall in the price of bitcoin and yet support from some quarters stating that this was an expected and temporary pullback.
In Episode 8 we discussed with bitcoins price falling to as low as $28,785 from a peak of $41,113 we asked if bitcoin has now had its day. We also looked at how the shortage of microchips affected the ability to mine more bitcoin and eventually concluded that the bitcoin rampage is still likely to continue and that it is not just a short-term fad.
Now we are producing this video in the early hours of Friday morning – at 1.15 am GMT to be precise, fully acknowledging that the video won’t be published for around 11 or 12 hours, and so some prices may change by the time you listen to this. But currently the bitcoin price is $37,210 up $6,000 dollars on the week and so it does certainly look like there is mileage still to go.
So, getting back to the topic for today. With the recent short squeeze type attacks on GameStop, Nakia and more recently silver, we ask the question could bitcoin be next.
Well, an article published by yahoo Finance has something interesting to say on the matter, so let’s take a look:
Now this article is further confirmed by one produced on Motley Fool which we felt explained the situation a little better. So let’s take a look at that one….
Important Links and videos:
Join us at:
Bullion Vault – Buy Gold & Silver
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Gold, Silver and Rare Coins:
https://amzn.to/2PVinHw - (US & Overseas)
https://amzn.to/2EW8RO2 - (UK)
Stack Silver Get Gold:
https://amzn.to/37yIkUc - (UK)
https://amzn.to/33ca2md - (US & Overseas)
Bitcoin For Dummies 1st Edition
Cryptocurrency Investing For Dummies 1st Edition
Cryptocurrency Mining For Dummies 1st Edition
The Bitcoin Standard: The Decentralized Alternative to Central Banking
Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies
The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them
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gold and silver are tanking because nobody wants to be the last one to sell their Bronze Age money for the money of the future
This seems like the right audience to ask, has any version of crypto gold, or crypto silver ever gotten anywhere?
I'm not knowledgeable in crypto but I remember seeing those ideas years ago and then never hearing about them again.
When we are Young we are more likely to Rush in to something New and Exciting, especially if it has a 'get rich quick' label attached to it...the Older you get the more you have learned to be cautious through experience..as the story goes ..on seeing a herd of fine cows grazing in a field, the Young Bull says to the Old Bull..” lets Run down and f**# one of those fine Cows”, to which the Old Bull replies, ”no son, let's Walk down and f**# them All”......
Just at the dying? moment when I thought all was gone already, I was recommended to Cyberteam0 on Telegram◀️.......He’s the best?
PS I found the article interesting and informative but the complexity of financial markets evades my understanding