Post
Topic
Board Economics
Re: Bitcoin or gold?
by
markj113
on 13/08/2015, 17:46:27 UTC
@ RealBitcoin, wrong again -




Ah c`mon thats a tiny percentage, it's like saying that bitcoin faucets drive the bitcoin economy (when its obvious that the venture capitalists & startups do).  Cheesy Cheesy Cheesy

They put a few miligrams of gold in each chip which is tiny tiny and insignificant.


7% of gold market cap is far from tiny an makes bitcoin's total cap look insignifanct


Gold has only 1 major use, jewelry, which will stay for long term, but that factor is severely overhyped. Gold could be much much lower if CB weren't hoarding it, because jewelry users dont really care about gold price, they care about appearance.

51% of gold market cap with demand spread over the globe

They dont care if gold is 1$ or 1000$, just like if you put a string around your neck with some emblem on it, it maybe cost you 5$ for that amulet, but its only for appearance, not for investing purposes.

Apart from CB hoarding and a few gold bugs, not many other guys are interested in investing. So thats like <1% of the population (not a good trend guys!)

suggest you check the above chart - wrong again.

And if you think in the % of the population interested in gold is insignificant what is the % interested in Bitcoin, 0.000000000001% ?



What people spend on gold teeth is worth more than the total market cap of bitcoin lol