i take your quote and rebuttle with: (30 year gold history resembles 3 year btc history)



i take your quote and rebuttle with:
1) fools gold
2) cheap copper bars/ingots coated in thin layer of gold
3) if the words 'precious metal' was the same as the words 'crypto currency'.. then i guess your ignoring white gold, platinum, silver which are all in the same category.

circulation is good whether quick or slow movements. the more important part though is the supply or demand. having more demand does make the price rise, but there is a critical point where demand is so high due to hoarding(not circulating) and prices are high due to supplies being small. that people start moving over to something new. this is why gold hoarders want to slate bitcoin so much, because less and less people are buying their hoards of gold. so the demand for gold is decreasing causing a value drop. this causes either the gold hoarder to sell at a loss or hold on even stronger for a possible price rise.. and i hope you can now see their hate for bitcoin.

even jewelers use to love gold, but now they are making jewelery out of platinum and silver more so then 30 years ago.

its all supply and demand. too much supply (circulation) can cause a dip in prices. to much hoarding (not circulating) can cause people to not buy, and find something different to use which also causes a price dip.. there is a narrow area in the middle that supply and demand has to be in for it to satisfy both buyers and sellers