I must take the moment to point out an incongruence in your post. BTC. Is an electronic fiat currency- it is not butt definition Money. Money is and can only be Gold or Silver- I’ve made this point before. BTC. Is not money- BTC. Is an excellent way to spend or even save( those that bought at $110k would disagree w you) BTC is not money nor will it ever be. As long as the internet remains free BTC. Will continue to be a valuable resource. No internet? No BTC thanks for your article just a definition issue on my end.👀
Steven, I’m afraid you need to read the definition of money. Bitcoin and gold both fit this definition with BTC having a huge advantage.
Silver is not money, it’s not hard enough. Look into hard money and what that means. Gold and BTC can’t be diluted easily, silver can if its price pumps high enough. Not the case for BTC and Gold.
No BTC is and only is an electronic currency. With no internet? You’re just wondering. Gold- well it’s the same today as in Roman times nothing has changed- it’s representative of fiat- you know what you originally bought your coin with? DOLLARS- dollars and Au correlate. However everybody smokes there own stuff good luck
If you don’t have internet then having gold won’t help you. You’d have much bigger problems. I think such scenarios are silly, BTC without internet can continue to work just fine as soon as it is restored. There is no problem there.
Nice write up Duo, thanks.
However, if it happens and continues, I don't think this downtrend will last a decade.
Over the years those big companies have learned to be more flexible and to adapt faster than before.
Now the companies are suffering because of Trump's daily moods, once it calms down they'll take action to optimize the situation and go forward again.
Gold has already stood the test of time as we know, in this day and age you can't go wrong with BTC and stocks ... they're stocks.
I think gold will have a golden decade if fiat money continues to crash in value and central banks revert to hoarding it.
If we end with new money backed by gold, then this pump is only starting. Either way Gold is in price discovery, this can last years.
Perfect, that means there are some exciting times in front of us and when played right, can/will be very beneficial.
I must take the moment to point out an incongruence in your post. BTC. Is an electronic fiat currency- it is not butt definition Money. Money is and can only be Gold or Silver- I’ve made this point before. BTC. Is not money- BTC. Is an excellent way to spend or even save( those that bought at $110k would disagree w you) BTC is not money nor will it ever be. As long as the internet remains free BTC. Will continue to be a valuable resource. No internet? No BTC thanks for your article just a definition issue on my end.👀
Steven, I’m afraid you need to read the definition of money. Bitcoin and gold both fit this definition with BTC having a huge advantage.
Silver is not money, it’s not hard enough. Look into hard money and what that means. Gold and BTC can’t be diluted easily, silver can if its price pumps high enough. Not the case for BTC and Gold.
No BTC is and only is an electronic currency. With no internet? You’re just wondering. Gold- well it’s the same today as in Roman times nothing has changed- it’s representative of fiat- you know what you originally bought your coin with? DOLLARS- dollars and Au correlate. However everybody smokes there own stuff good luck
If you don’t have internet then having gold won’t help you. You’d have much bigger problems. I think such scenarios are silly, BTC without internet can continue to work just fine as soon as it is restored. There is no problem there.
Living in a bubble- BTC is an electronic fiat it is not money- sorry.