Quote from: HardFacts on March 29, 2020, 07:17:55 PM

Quote from: kezinaur14 on March 29, 2020, 05:35:59 PM

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The LIE of BitCoin as " Digital Gold " or a " Safe Haven " has been exposed. No rational person is buying that false narrative anymore. A 50 % crash in price due to the economic crisis told every rational investor that BitCoin was nothing more than gambling at the Casino Shocked

Central Banks, Countries, and Large Institutional Investors are getting as much Gold as they can, NONE, NONE, NONE of them are buying BitCoin.

WISE UP, That pipe dream is OVER.

Hard Facts

You sir are the lie against bitcoin.

BTC is a method to turn electrical power into coins. It can be used as a safe haven in some cases not all.

Essentially no asset is safe from the sun doing a super nova. So all assets are only some what of a safe haven.

Is BTC a safe haven against a world wide disaster that kills off 7 of the 8 billion humans on earth no.
BTW gold would be a big fail in that case.

The degree of a safe haven for wealth is complex.

Reality is only space travel and multiple locations in the universe will get us to have really good safe havens.
Toss in a variation of altered carbon on netflix with multiple clones of ones self placed on multiple planets in multiple solar systems and save have becomes close to being acheived.

BTC is a safe haven in a local war or disaster.
It is better then gold as you do not have to carry pounds of gold in your pocket when you are running.

As to a 50% collapse in price. Lets look at that 3900 the low for march and 6800 the price today.
That is a large uptick for a BTC purchase.
A miner gets the added benefit of a 15% difficulty adjustment in his favor.
So he get 1.15 coins mined vs 1.
which means 6800 x 1.15 = 7820 from 3900 back in march.
This makes for a nice gain for a miner. Even better then one that purchased a coin.

It is quite clear to me you will continue to be soft with those limp half truths you choose to tell here.