$Bitcoin (BTC.CC)$ im amazed with people who gamble their m...
$Bitcoin(BTC.CC$ im amazed with people who gamble their money on something that has no tangible properties or any use in this world. the only thing keeping Bitcoin around is the belief it's actually worth something. in reality, it's worth nothing. it's only worth something if you have someone else buying it. unlike real gold, that has real useful properties will always maintain a certain value because of it's use. You should be wondering why all world central banks are stocking piling gold and silver in record amounts last several years. none of them are buying crypto. the reset involves the revaluation of gold just like they have done twice already in the past.
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EZ_moneyOP : this is just another ponzi scam in reality
ma gon : That's a good point... I actually wonder why anybody would be stockpiling gold.
EZ_moneyOP ma gon: because gold is the only tier 1 asset. everything else is a derivative of gold. everything falls under gold. the new currencies will be backed up by gold this is why the central banks are buying it up in record amounts. they are going to reset the value of it estimated 10x. when the dollar fails and it's going to very fast in next few years what will you do with Bitcoin. cash it in for worthless dollars?
ma gon EZ_moneyOP: It just seems to me like gold is a store of value of an older generation, driven by culture and experience from decades ago.
Anything (sea shells, gold, bitcoin) if accepted widely as a store of value will provide similar benefits.
It's just a society agreement, which I think is changing.
I have been hearing from economists, strategists, managers about gold skyrocketing in an inflationary environment for a few years and it didn't. They didn't get the mechanism wrong, just the name of the asset.
jmax EZ_moneyOP: Gold and real estate are traditional assets. It's like ancient people hoarded all kinds of food to ensure their survival.btcThe original purpose is to replace gold, but it doesn't necessarily have to be replaced. It can be used as one more option. All financial products require continuous purchase and circulation, and real estate gold is the same. As for if you are praying for the dollar to be worth nothing, it's like praying for the end of the world to come soon. This is the wish of the bottom layer. Every day they want the top floor to collapse rather than think about how to get to the top, so your thinking logic and perception are worthy of your perfect break. The world is very fair. Different perceptions must have different outcomes, or else it's unfair to others
EZ_moneyOP ma gon: and that's why you'll miss out
EZ_moneyOP ma gon: wow that's friggin funny how you don't really know anything. gold had hit record highs and technically its supposed to go down when they raise rates it went up. it's when feds drop rates the dollar loses value and gold spikes...i can tell you have no education in economics
EZ_moneyOP jmax: there's no such thing as traditional assets my friend, gold will always maintain a value because it has used besides money, Bitcoin doesn't have any uses outside of trading. gold is going to be used for backing up new digital currency otherwise it's the same fake currency we use today. central banks are buying up gold and silver bullion by record amounts not buying any crypto....that should tell you something they don't want crypto to exist they will take it down claiming it funds hackers and terrorists
jmax EZ_moneyOP: Countries accumulate large amounts of gold because once war breaks out, their currencies will depreciate drastically. At this point, gold can be used as basic capital for reconstruction. Because this is international pricing, gold is not about appreciating only to save part of the principal to cope with the Black Swan incident. This is the same principle as most countries have large US dollar reserves and US debt, then the purpose of BTC is also the same. When BTC has a completely independent market, it will act as gold. As for the payment of terrorists and money laundering, gold can also be used for payment and untraceable, just people It's just easier and faster to discover cryptocurrencies, so even if cryptocurrencies disappear, it won't affect so-called illegal payments
Troll Hunter : lol. banks have been buying crypto for years you fucking shill.
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