Silver too. Not like that Ponzi scheme called btc, so volatile!
Gold and silver daily charts:
Gold and silver daily charts:
Gold is a safe investment, they say.
- Thread starter JohnnyDoe
- Start date
there’s always someone who buys at the top
That reminds me of the GME trolls on reddit. If it increases another 30% and this guy decides to exit then he’ll be happy. If not, then not.
I always point to the Great Inflation that occurred with a gold-backed currency when the Spanish started bringing vast quantities of gold back from the new world to fund wars across Europe. Inflation was estimated at 1.5% per annum but to a rigid, low-efficiency peasant economy that had been operating in a deflationary environment for centuries it was catastrophic. Today with lab grown diamonds, you are seeing major shifts in the diamond market. Bitcoin almost certainly will be abandoned some day. It’s a forecasting of short-term versus long-term probability. There is no rule without an exception.
Maybe in 100 years. Bitcoin is useful as a means of capital transfer and has considerable (and increasing) backing financial infrastructure. As long as that is true, it will be used. Once the utility is obsoleted, you’ll see use decline. Crypto offers significant advantages right now and my personal opinion is that it is the future. Exactly what that ecosystem eventually looks like and who are the winners and losers, well, good luck. I’d bet on Bitcoin over the numerous shitcoins, but payment processing and fintech applications are worth serious study.
he designed a tool for rare conditions. It was then transformed into a daily diet that causes organs to fail.
this is a nice example of somebody not understanding that good money is a thing that is HARDEST to produce - doesn't have to be useful, doesn't have to be rare, doesn't even have to be necessarily scarce IF it's hard to produce - silver? 😀
Yeah, lots of time and money is put into bitcoin core, there is economic and substantial presence.
41 developers support a $1.7 trillion empire: A panoramic analysis of the Bitcoin core development team and its financial backers - ChainCatcher
The market value of Bitcoin can reach one trillion dollars, but there are only 41 core developers maintaining the underlying code, with an annual budget of less than ten million dollars.
Just follow contrary Jim Cramer, you will be fine.
no, core team messing with the protocol and network
ossification is a good idea when it comes to the most important technology in human history
Wrong belief. Without developers contributing to the bitcoin protocol - it won’t go far. Think of it as employees in a company.
different incentive model - they behave like employees and are paid by companies... which is far the biggest threat for bitcoin... perhaps you missed last 12 months in the space