Post
Topic
Board Speculation
Re: I'm dumping my bitcoins so you should
by
The Pharmacist
on 19/12/2015, 00:04:03 UTC
It belongs here, not the speculation section.


Comparing bitcoin capitalization with gold's is fucking ridiculous, too. Gold has got history of thousands of years and a lot of applications. Meanwhile Bitcoin is just a virtual asset that's been known for about 7 years and has got very poor applications. What is worse is that bitcoin is not really scalable.

I agree with this, and it's what I've been saying in other threads, that btc is a bitch to analyze because it's not a standard financial instrument.  I'm not so sure about the scalability though; I think there's enough to go around.

But I take it you lost money on bitcoin.  You have my sympathies, sir.