Bitcoin is a scam
Gold and silver is real money, everything else is credit.
Bitcoin is a scam
Sebastian Howard
Gavin Diaz
Why do you think its a scam?
Joseph Moore
metals are metals not money
Zachary Wood
So true
Camden Cruz
Okay you dumbfuck rockhead, I'm going to break this down for you
Gold has relative scarcity
Bitcoin has absolute scarcity
Gold isn't accepted as payment anywhere
Bitcoin is accepted at more places of business than gold
Evan Sanders
Gold has no intrinsic value. It can be used for microchips and shit but those don't have a fixed value either.
In fact the rise of crypto has hurt gold because it's another alternative to the dollar.
I know it's scary but you gotta face it, it's all a ruse. Gold is just the oldest surviving ruse.
Luke Cox
you dont know how wrong you are
>inb4 closed mind
Hudson Wright
inb4 doesn't dismiss criticism retard, you are closed minded and don't understand Bitcoin or the implications it has as the challenger to fiat.
Math-based currency is where its at, get with the times Grandpa
Samuel Hernandez
Gold has never decreased more than 50% and that was post 70s inflation during the 80s/90s stock boom.
Angel Flores
that's a store of value
Dylan Gray
stupid zoomer i have both!
Kayden Fisher
Wrong, they have all the attributes of money
Lincoln Morales
Well yeah it's highly stable but not the only store of value. There's also gems, land, buildings, art, and money of course. The volatility of the value varies and BTC is to volatile to be a good currency right now, but you can't say gold and silver are the only money simply because they're the most stable. Nobody can see the future and gold could very well fall out of use at some point. That's economics.
Cameron Myers
I could give a fuck that you hold some shiny coins and .01218986 BTC, old man
The future is now
Josiah Gonzalez
What is the intrinsic value of Bitcoin? What can you "do" with a Bitcoin?
The answer is nothing, it's just a number on a screen
Adrian Howard
For the retards (such as ID: sXGx9Fm+) who need a lesson in the evolution of money
Brandon Peterson
post poorfolio big mouth
Isaac Barnes
Here's the thing. I'd buy btc but its too expensive right now and might be prone to manipulation and market collapse. Gold is a larger market to manipulate and is unlikely to be banned compared to crypto.
Also pic related.
Dylan Powell
You silly bitcoiners don't understand that once the 'switch' is flipped a ounce of gold will be worth a million dollars and a ounce of silver will be worth $100'000 dollars.
And bitcoin will go to zero LOL (laugh out loud)
Levi Parker
I don't hold bitcoin because I'm not retarded like you. I hold an absolutely scarce resource with many uses called Chainlink, and have been in since before main net.
You may now proceed to sneed
Joshua Davis
Do girls really do this?
Easton Barnes
That's just a chart somebody made you brainlet. It's not a definitive evolution of money. Governments of the world have created their own currencies for thousands of years they've always reverted back to gold and silver after they fail.
Logan Cook
i thought you hold that crap. sorry to say that but you not gonna make it.
swapped my btc to tether at top!
my fellow goldbugs, gold ALWAYS had its value and will have:
news.goldcore.com
thebalance.com
Wyatt Thompson
It's a marketing narrative. Math/computer based monies have already existed since they started using computers at banks more than 50 years ago.
Juan Lewis
This
Bitcoin will fail for the same reasons gold and silver failed; deflationary currencies, or those not easily printable, are not compatible with the modern economy
PMs and crypto will live or die together
Cooper Gonzalez
Yeah, a solar flare EMP is a real risk. A meteor is a real risk. Gold losing its value is a real risk as well. That's what I'm saying, you can't KNOW the future. There's definitely a possible future where gold outlasts BTC, and going by history, I'd say it's the more likely future. But there's also a possible future where gold slowly devalues, and a more remote possibility that it could quickly devalue as a result of speculation on asteroid mining.
You can't know the future. Deal with it. Accept it. That's why I'm trying to diversify my assets.
Parker Ramirez
>that it could quickly devalue as a result of speculation on asteroid mining
It'll probably get devalued because le asteroids but anyone with a brain knows that this is one, not possible in our lives, and two, a catch-22 because a decrease in the value of gold can completely delete the revenue from an asteroid mining operation
Samuel Phillips
You're looking at a cartoon and asking if that's something girls actually do.
Logan Bailey
>he doesn't plan to live to 400 years old....
Pfft, not gonna make it.
Liam Moore
I mean if I can, sure, I'll do it to achieve wizard-boomer status, but in any other conceivable timeline it's just wack
Joshua Stewart
>A meteor is a real risk
Less so and more rare than solar storms.
If you are worried about a meteor you shouldn't be buying gold but hoarding food or building a bunker.
Cooper Phillips
Actually, can I ask if it makes sense to buy gold through an investing account? I'm trying to diversify but haven't bought BTC yet. Can I buy some golds through a Fidelity trading account in the meantime? Or do I need to do it outside a bank?
Unfortunately most of my liquid assets are in my Roth IRA, so I can't spend as much on gold outside the account as I can in it.
Nolan Peterson
Yes
Wyatt Edwards
You could also own gold miners. When gold goes up gold stocks go up. One way to invest in gold indirectly.