Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
There is more than enough gold mined already to be used for industries for centuries.
It should be considered a worthless asset as it's too dangerous and too polluting to mine.
When talking about Bitcoin, I often hear the argument: "What if a whale sells everything, the price would drop!". With gold, I've never seen anyone worry about that, while most of the gold is owned by very few entities.It should be considered a worthless asset as it's too dangerous and too polluting to mine.
I enjoy watching Goldrush Alaska, don't take that away
The fact we are still hovering around 50K after a week of panic I think that the whale argument becomes less of an issue.
Sure, the initial Satoshi coins would have a huge impact but those will probably never move as most people believe.