Is crypto currency...

  • Thread starter Thread starter Krull
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acceptance said:
Sure, it has a function. And like any currency, has value because people believe it does. But whether people continue to believe it has value is another question. Silver for example is a tangible commodity with a proven history as a store of value, as well being used in jewelry and some industrial purposes. Therefore it will probably not ever be subject to complete devaluation and disuse, unlike bitcoin.
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Silver (and gold) is an object that can be removed from your possession. Just ask the victims of Nazi Germany.

Also while those two metals do have industrial uses, they are usually not the only metals that work in those situations. So really much of the value of these metals is because people believe it has value.
 
CrazyNutz said:
Silver (and gold) is an object that can be removed from your possession. Just ask the victims of Nazi Germany.

Also while those two metals do have industrial uses, they are usually not the only metals that work in those situations. So really much of the value of these metals is because people believe it has value.
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It's debatable whether it's easier to secure precious metals or bitcoin. And I'll take the proven history of value over dubious fads.
 
CrazyNutz said:
If shit like that is going down, the only currency of value will be food, and ammo.
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acceptance said:
It's debatable whether it's easier to secure precious metals or bitcoin. And I'll take the proven history of value over dubious fads.
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It's actually not debatable ATM. It may be something to consider when quantum computing goes mainstream. But I think by then it will be hardened against being cracked by quantum computing.

There's also a proven history of people/corporations refusing progress, and getting left in the dust. 🤷‍♂️

Here's a list of companies that stayed with the tried, and true way of thinking https://www.valuer.ai/blog/50-examp...at-failed-to-innovate-and-missed-their-chance
 
So are you supposed to sell BTC when the stock market goes up, and then buy BTC when the stock market goes down?
 
Laputan Machine said:
So are you supposed to sell BTC when the stock market goes up, and then buy BTC when the stock market goes down?
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The stock market?

You buy BTC when BTC is at the bottom, and sell BTC when it's nearing the top. Don't use the stock market as an indicator in BTC.
 
The US gubment is a big whale in bitcoin. The price right now and where it goes is based on if the SEC approves financial institutions being allowed to sell ETFs to the mass suckers out there
 
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