Bitcoin or Brasher Doubloon
privaterarecoincollector
Posts: 629 ✭✭✭✭✭
What would you rather buy for 4 Million USD, the MS 65 Brasher Doubloon or 4 Million USD worth of bitcoin at todays price ? There is a theory that bitcoin could be the new gold and it could be worth a lot more in future, but as always no guarantees and also can be worth less.
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Not at all interested in putting that much into either--not that I could even if I wanted to--but gun to the head...the Brasher. At least, it's a tangible item that I can play with.
To me Bitcoin is invisible money that will one day disappear!
I would go with the Doubloon each and every time. I personally believe that if our federal government came up with their own digital currency they will outlaw the use of other digital currencies on the same basis that no one else can legally mint money. Besides, I’m old enough now to rather enjoy the Doubloon more.
That is a bit of a quandary..... The bitcoins could likely be flipped short term for a little profit. The doubloon would be a tad more difficult to move and the profit (at least at this time) would be difficult. As a collector, I would want the Brasher. As a pragmatist, I would take the bitcoin and sell them. Cheers, RickO
LOL
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Yeah, if some one was giving them to me. But what if you are spending your own money????
@amwldcoin.... If it were my own money, I would not spend it on either one.
Cheers, RickO
If I had 4M as mostly play money, I’d buy the coin since I would derive pleasure in ownership. Life is short. Bitcoin is like a savings account.
"Got a flaming heart, can't get my fill"
Funny, I see Bitcoin as pure gambling, which is fun. I just like the odds at blackjack better.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
If I had the money to blow, I would go for the coin. And I have a little bitcoin too. That's a heck of a lot to gamble though.
Im waiting for bitcoin to go away since 2014 and it just does not. I really believe my 4 year old son will never buy gold but bitcoin or something similar by the time he is 20.
And if thats a case, it could be a 100x in 15 years. Still a gamble, but a 100x upside is not bad.
Bitcoin is the new gold.
I'd buy Bitcoin and then the coin in a few years with a fraction of my profits. Buying Bitcoin is only a "gamble" in the sense that buying Amazon, Google, or Facebook stock was a gamble after those companies established themselves as the gorillas of irreversible secular paradigm shifts.
I should add that Bitcoin has actual utility, increasing daily due to expanding network effects, which makes the analogy to gold weak. What they share is finite supply, but Bitcoin holds the edge there, as well.
And then came a worldwide magnetic pulse and all the bitcoins were erased!
Crypto is on a crazy run right now....
You clearly don't understand the architecture of the Internet. If a catastrophe occurred on a scale that erased ALL data stored electronically worldwide, we'd have much bigger problems than missing Bitcoin balances. But your scenario is so far-fetched, it's not really worth entertaining further.
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One is fun the other is boring. Get the doubloon.
By the Bitcoin- flip it in a couple of years- take the profit and buy the Doubloon- hole and suspend it- wear it proudly around your neck.
Beating blackjack is a likely outcome assuming all of the following:
1) You can count cards expertly
2) You find a single deck game with favorable rules
3) You can vary your bet size at will without the casino kicking you out
Unfortunately, the chances of lining those criteria up in 2020 are essentially nil.