Re: Bitcoin has defeated gold

i dont think that bitcoin surpass or defeated gold maybe now bitcoin already defeated gold but remember that bitcoin price is not that stable it goes up and down and it depends on the bigwhales who has been a part of bitcoin community so lets expect that bitcoin will drop sooner or later then it will raise again . so exchange your bitcoin and cash it out while bitcoin are on high price right now so you can buy again bitcoin when it price drop.

shut up idiot, bitcoin is going up not because of whale. There are many big whale in bitcoin but not 1 whale has control on whole market and not all of the whale work together

Sometime some whale lose big money

Biggest miner pool are fight against each other and each one is like its own whale

When cypras economy collapse bitcoin go up first time go read history book

Now its bad for some country and they buy the bitcoin, you see renimbi how low it go this is why all buy bitcoin

If renimbi go up very high then no one buy bitcoin

Quiet surprised that a newbie scolded a higher rank member haha. You do have a point though since not only 1 whale could able to manipulate or affect too much on bitcoins price when theres a sudden dump but depends if all whales would decide but its impossible thing to happen as i do believe bitcoin now is already circulated among the community who uses it which means dumps would unlikely to happen.Back to topic even though bitcoin surpassed or reach out the gold value it doesnt mean it already been defeated

Gold is indestructible

Bitcoin is indestructible too, but it is not any more indestructible than any other digital thing (so gold is better in this regard since other material things are quite susceptible to "wear and tear" over time). Regarding whales and market manipulation, whales come in all sizes and colors. I don't think that the effect of Satoshi moving his 1M bitcoins could be completely discarded or it would be negligible overall. But it is not only sheer size that matters here. It is also time which is of crucial importance. For example, it doesn't make much sense to go against the market (i.e. try to oppose the market sentiment once it fully exhibits itself). On the other hand, when the market is at a bifurcation or tipping point, even minor influence can have greater consequences. In other words, it all depends