Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
bananaControl
on 13/07/2015, 17:04:43 UTC
metals have a intrinsic value while bitcoins does not. i no longer trust bitcoin because it is, in my opinion, manipulated by whales and exchanges.your in the club or your not... their are predators out hunting for some poor newb who invests a bunch money into the scheme while they pump it and then they turn around and dump on them causing them to fear and dump their coins at a loss for their gain.. you trying to claim that is a system we can trust ?? this is my new opinion about bitcoin.


There is no such thing as intrinsic value.

Gold's utility value is pretty low and its current price is mostly speculative. Good luck with that.



gold will ALWAYS FOREVER be worth something
... while paper ( stock, bonds, etc) and digital currency can go to zero.

gold's current price is manipulated down which means it is not it's true value... which is exactly why a person would want to buy them.

bitcoin is a pump and dump and i am hoping for good luck with it since i own a bunch of it.

And it will reach the price of aluminium once the private space industry starts mining asteroids. There is NO limit to the amount of gold in existence out there, math on the other hand.