Quote from: G_Besar on Today at 05:41:21 PM

Quote from: Cpt_reader on Today at 03:00:34 PM

Quote from: Barikui1 on Today at 07:35:25 AM

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I agree with you because Bitcoin is an asset that does not require waiting for a dip. In my personal opinion, it is not reasonable because waiting for it may not be invested at some point. I myself was foolish by waiting for a dip. But now I understand and am buying according to my ability. Bitcoin is an asset that is now being compared to gold. Gold is available but Bitcoin is not available. The demand for things that are in low supply is high. That is why the demand for Bitcoin is increasing day by day.

From my current observation, the increase in demand for Bitcoin is actually because several large countries have purchased Bitcoin and held it as a valuable asset for themselves. This has led to a significant price increase again this month, with Bitcoin again reaching an all-time high today, surpassing $119,000. And I don't think we need to compare Bitcoin to gold because Bitcoin can't be equated with gold, although we can think of it as a more modern form of digital gold today. Gold, on the other hand, already has two forms: one is physical and the other is digital, which anyone can buy, just like buying Bitcoin on the market.

You seem to NOT understand gold.

There is only one form of gold, and it is physical. The representations of gold (digital or paper) is not real gold, and your calling it "modern" gold shows that you are trying to gloss over the whole idea of what is gold and shows that you don't know what is gold.

The "digital" "paper" "modern" forms of gold are derivative products of gold, and in reality, each non-physical representation of gold is supposed to be backed up by actual physical gold, otherwise the claims on gold are inflating gold's supply - which is exactly a decent part of gold's current problems, its historical problems and even why paper money ended up winning out over gold..

In other words, there are likely 100s of claims of gold ounces for every gold ounce that actually exist. That is a problem, and your lecturing about gold supposedly existing in some other form (other than physical) shows that you seem to want to just agree with your own deception about gold's supposed value.

Gold's physicality becomes part of its own undermining, since it can sometimes be difficult to take claim to the physical, and laymen also will frequently have troubles verifying gold, transporting it, handling it, safe keeping it. Therefore, elaborate systems have been created to custody and verify gold, and even though many of us know that gold shenanigan's are taking place, 3rd party custodians attempt to gain credibility in terms of proclaiming that they actually have the gold that they claim to have.

Surely we recognize and appreciate that Bitcoin is digitally native, and so therefore bitcoin can be verified digitally and bitcoin's lack of physicality causes it to be easy to transport, store and verify... including to take possession of it in the event that there might be questions about whether any third party actually has the bitcoin that they claim to have.... yet these days there are still attempts to lock folks into contracts in which they cannot physically take possession of the actual bitcoin..

So bitcoin has a lot of derivative products as well that are likely attempting to manipulate bitcoin in similar ways as they did with gold, even though surely bitcoin is a lot more easy to transport, store, and verify, so even if there are going to be ongoing attempts to manipulate and fractionally reserve bitcoin, bitcoin will still provide challenges to those attempts - and it is not clear if bitcoin is going to suffer gold's same fate, yet we can still invest in bitcoin to the extent that we recognize and appreciate that it is superior to both gold and to paper money and also we might even assess bitcoin to be somewhere in the ballpark of 1,000x or more greater than gold.. even though today, bitcoin ONLY has an actual market price that is about 1/10th the size of gold's (if we compare the market caps of each of them).