Post
Topic
Board Economics
Re: Buy 1 ounce gold. End Giant Bank's $15,000,000,000,000 cartel
by
buwaytress
on 28/08/2018, 06:13:51 UTC
Pointless to "buy gold". All these banks and giants you speak off can do 10 times what any single person here can, in the blink of an eye. They don't even need access to physical gold. One phone call or email can get them any amount of paper gold via Comex probably at a deep discount too. No one cares that they're not even 1% backed by physical gold. That's how bad it's gotten for gold, and that's what futures could do to Bitcoin one day, who knows?

"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Nakamato Satoshi [bitcoin creator]

Bitcoin has failed as a digital currency, bitcoin anonymity is for hackers and criminals also. Looks like Bitcoin is going to $600

We're only halfway to that 20-yr mark, my friend. Care to tell me why Bitcoin has failed if you're here on this forum talking to thousands of users, and I'm here still earning and spending in Bitcoin?

$600 wouldn't mean it's failed, simply that it's returned to 2016 levels. Small timeframe in the big picture.

Hackers and criminals? That is soooo 2015.