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
Exactly just last night I was discussing with a friend and he was asking how Bitcoin will work in a long run if fees are so high and transactions so slow. And I told him the thing I have been telling people that you never use gold to buy a coffee. If you want to buy some gold tell me how much fee you pay. That’s what Bitcoin is going to take over, store of value batter than gold and eventually fees also lesser than gold.