Bitcoin Costs More than Gold?

Post by **dualstow** » Fri Jul 21, 2017 4:03 pm

I would just like to say, not all members' departures are my fault.
Only some.

(Also, my current sig refers to Sean Spicer).

whatchamacallit · Post by **whatchamacallit** » Fri Sep 01, 2017 8:43 pm

Very close to $5000 a bitcoin. Insanity.

The thing I think about when comparing bitcoin to gold:

Would you rather own all the gold in the world or all the bitcoin in the world?

Libertarian666 · Post by **Libertarian666** » Mon Sep 04, 2017 2:57 pm

whatchamacallit wrote:Very close to $5000 a bitcoin. Insanity.

The thing I think about when comparing bitcoin to gold:

Would you rather own all the gold in the world or all the bitcoin in the world?

Actually, neither of those would be a particularly good idea.

But I think it is obvious which of those two would be better...

Post by **dualstow** » Mon Sep 04, 2017 3:58 pm

I guess all the bitcoin in the world would amount to $0, as no one would want to participate. Gold could be sold just for being shiny and workable. But, if I had all the bitcoin in the world, I would enjoy quietly deleting it.

bitcoininthevp · Post by **bitcoininthevp** » Wed Sep 06, 2017 7:58 pm

dualstow wrote:I guess all the bitcoin in the world would amount to $0, as no one would want to participate. Gold could be sold just for being shiny and workable. But, if I had all the bitcoin in the world, I would enjoy quietly deleting it.

Someone in the world has owned all available bitcoin actually. It was satoshi, the creator. He owned all the early issued coins. Which at the time were all of the available supply.

And the coins did indeed have $0 value.

People, for whatever reason, wanted to start participating.

Even after others joined in, the coins had $0 in USD exchange value.

For years. $0 value.

And yet here we are.

Post by **dualstow** » Thu Sep 07, 2017 9:42 am

A valid point.
But still, spend it while you can.

whatchamacallit · Post by **whatchamacallit** » Thu Jan 25, 2018 1:14 pm

Soon to be offered through as far as I know, the legitimate Robinhood.

https://crypto.robinhood.com/

Bitcoin has been up almost 2000% and currently 1000% since it passed gold and I still don't understand it.

bitcoininthevp · Post by **bitcoininthevp** » Thu Jan 25, 2018 2:07 pm

whatchamacallit wrote: Bitcoin has been up almost 2000% and currently 1000% since it passed gold and I still don't understand it.

Rule #9: Don't ever do anything you don't understand.

Which I suppose, in this scenario, means either understand crypto or stay away. Or both!

bitcoininthevp · Post by **bitcoininthevp** » Fri Feb 02, 2018 3:54 pm

whatchamacallit wrote:Soon to be offered through as far as I know, the legitimate Robinhood.

https://crypto.robinhood.com/

Bitcoin has been up almost 2000% and currently 1000% since it passed gold and I still don't understand it.

Last Ive seen Robinhood has over 1,000,000 people in line for the crypto platform. Its quite amazing.

Bitcoin Costs More than Gold?

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