Quote from: markj113 on August 18, 2018, 06:54:22 PM

I dumped all my bitcoin into gold when it was near $19k so who fucked up?

Good one. But this is a long term game. Let's see Bitcoin returns vs Gold returns in a couple of years.

Quote from: markj113 on August 18, 2018, 06:54:22 PM

Gold always was and always will be the ultimate store of wealth, you just have to ignore short term price noise. I still stick to my prediciton that in the next few years central banks will release their own state issued crypto and bitcoin will be banned in most developed countries as it will be seen as direct competition by those in power.

And how that wouldn't legitimize Bitcoin as a store of value? If it's a treat for governments, it's a good store of value. I mean if the government cannot put their hand on your pocket with their endless resources, that they have to go to the lengths of "banning it" (whatever that means), then who will?

By them doing that it will just prove they are impotent. They can't compete, so they attack it (and fail doing so, once again).

Also there's no way "governments" form a global coalition, since when have they? there will be some governments that ban it, then there will be other governments which are pro-Bitcoin, and these countries will be happily accepting Bitcointers to retire there and pay decent tax when they buy their luxury villas and cars and so on.

So when a government bans Bitcoin, they have to think bout all the tax and high purchasing power individuals that they are going to lose long term.