Eventually, "cryptocurrency" will be joining the below list, if you didn't get out on the way up... I have seen this so often in America, and people seldom learn till it too late. http://www.angelfire.com/fl/JackCraig/FADS.html
Who are the people who will say great and fantastic things about bitcoin ? - those who already own thousands of bitcoins - patent writers. They hope someone would use their patents. - cryptocurrency exchange bosses - newbies / inexperienced investors Who are the people who will say bad thing about bitcoin ? Those who own bitcoins and it vanished into thin air with zero trace. Definitely people like us wouldn't complain about bitcoin price because we trade liquid trendy futures.
You missed the stairs. They go up. Hehe, Vanz, you didn't really miss anything on it. You simply "noticed a move you were not in on."
Haha. Amazon has fallen 90+% in its early days before? Bitcoin 2018 is like AMZN in the dotcom bubble..only bigger and better. It is prime to overtake AMZN in the future. You talking about the losses but what about the gains? From 15cent a coin in its early days to almost 4k as of writing.
How likely is all the world's power going out all at once? If that happens we have bigger things to worry.
Not if you have gold. Get the point? There's a reason gold has been a store of value for something like 2000 years. It doesn't "go away" on a fluke. I can see where this convo is going. Someone will now retort about how you "can't take gold with you" or some shit. Close-minded people who do not remember history cannot see the problems that can occur by putting all their eggs into a very frail basket that bases it's existence on something that exists through only man-made means, and can only be sustained through man-made means. Meanwhile, gold is still flailing it's arms going, "Oooh ohhh, ME! I'm still here!". To answer your question..."How likely is all the world's power going out all at once?" Not likely, sure. But it is a possibility. We're in the shadow (pun?) of a giant and violent fusion reactor that occasionally has a hissy fit and spews out X-class flares that messes up earth. It has caused major blackouts in the USA you know. So when the blackout happens, and your money is stored on something that requires electricity BUT YOU NEED THE MONEY RIGHT NOW, how can you access it when you have no power? Trump was very unlikely to become president, but shit happens. And before someone else pipes up about batteries, just shut the pie hole. Because the batteries have already been depleted charging your electric car, running your fridge, and keeping the PC, iPhone, router, air conditioner and all the other conveniences running so you can live your comfortable life. There's no more power left to power the servers with your money on them, in their "soft wallets". Or, in the chaos, you forgot the password to your hard wallet. Ooops! Gee, gold doesn't need a password. It still just sits there flailing around going, "Oohh ohhh! I'm still here! Lick me!" You can't lick a bitcoin, man. If you try to, you'll short out your hard wallet, hehe.
Well...Theres so many advantages of bitcoin compared to gold. Bitcoin is easily transferable and divisible. It is scarce and very limited. Bitcoin market cap is tiny compared to gold so theres alot of gains to be made if you compare each other. By the way, If all the world's power goes out it will be a world wide catastrophe like in the Fallout video game. Do you really think gold matters at that point? Food, water, clothing, shelter and guns will be more valuable in that scenario.
How would you buy something with gold? When someone asks for payment are you going to take your little pick axe and chop away a piece of gold? And how would you know how much to pay them? How would they know how much to charge you? This isn't Little house on the Prairie, money is changing, and soon the dollar will have little value.