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Started By
Message
re: Why is Bitcoin soaring?
Posted on 3/4/24 at 6:56 am to The Baker
Posted on 3/4/24 at 6:56 am to The Baker
quote:
Explain why you don’t think its better than gold.
Gold is an actual physical commodity that can be used in many applications. That gives it real, instrinsic value. It’s useful in daily life as a material.
2
Posted on 3/4/24 at 7:59 am to SlidellCajun
~9% of gold’s value is tied to its industrial use
~91% of its value is tied to people perceiving it as valuable
Using Gold as an example of a store of value that has value because of its use is not great.
~91% of its value is tied to people perceiving it as valuable
Using Gold as an example of a store of value that has value because of its use is not great.
Posted on 3/4/24 at 11:40 am to SlidellCajun
quote:
Gold is an actual physical commodity that can be used in many applications. That gives it real, instrinsic value. It’s useful in daily life as a material.
The properties of gold are basically useless in comparison to Bitcoin.
I really don't understand why you guys can't at least do a little research before forming an uneducated opinion and then bringing it here for debate.
Your unwillingness to at least do a little homework is costing you.
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