Not exact matches
RE the second point: if someone can explain to me how the Futures Market (which is cash settled) will affect the actual Market Ill stand corrected on that point... having said all this I do believe BTC is overvalued on a «fundamental» basis because there has not been
enough adoption and the transaction cost is too high but it is acting more like
gold 2.0 and there will have to be a better method of lowering transaction costs and increasing speed or using an alternative
coin.
While simply buying bullion
gold in the form of bars or
coins may sound like a conservative
enough investment strategy, you will run into some real problems after you cross a certain threshold in value.
The cash and
gold coins you earn from victories are not nearly
enough to fund the purchase of new cars in a reasonable time period.
Eventually, I was able to get my skill down far
enough that I could train for a single
gold coin.
While the method of buying
gold - backed cryptocurrencies varies from
coin to
coin, the common factor is that you need to have
enough of either Ethereum or Bitcoin to be able to buy the
gold - backed
coins.