Tag: Gold/Bitcoin ratio

A year ago I wrote about the comparative dynamics of three outstanding kinds of money of different generations – the older generation was represented by gold, the 20th-century generation was represented by the Dollar (Index) and for the modern generation I used the cryptocurrency Bitcoin (BTC). I think some of you have just discovered the serious value of Bitcoin as it just crushed the rivals doubling its value. The dollar index (DXY) gained only 8% as gold showed negative dynamics in 2015. Below I put the result of the poll you voted on a year ago for the 2016 year performance.

Chart 1. Voting results January 2016: You Bet On Safety

I noticed that there are a plenty of gold bugs among regular readers as gold gathered the most votes. The second position went to bitcoin and it shows that there are many modern enthusiasts among our readers. It looks like the least amount of optimism was felt about the US dollar’s future although it didn’t rank the last in 2015. Let’s see, in the chart below who the winner was. Continue reading "This Coin Smashed All...Again...And Again To Pieces!" →

Break Rules, Change The World!

Indeed, we are living in an exciting time of dramatic changes in our world. Nowadays, when you talk about the channel, it can be YouTube, not MTV. When you need a ride, it can be Uber, not a taxi. When you are going to shop it can be on Amazon or Alibaba, not at Wal-Mart and we can count on further changes in the future.

By the way, Uber is the largest taxi company, but it has no cars, same as Alibaba which is the largest retailer, but it has no stores. Today I want to review the currency that has no controlling government, but has the value, the value that people are ready to pay for with real fiat money.

Cryptocurrency, digital currency, virtual currency are all the names of Bitcoin (BTC), the digital asset as described in Wikipedia. It doesn't matter what you call it as long at it performs well. Let's look at how it has been behaving for the last year on the chart below. Continue reading "This Coin Beats All!" →