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Forum ยป Bitcoin is going to die srs
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Thread: Bitcoin is going to die srs

post 1638430963 05-12-2021, 08:26 PM
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#31
  1. JayJ350
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Originally Posted By Gringo12⏩
Whats Gold backed by again? There's something crazy like 100-200% more gold sold than actuslly exists lol
Gold is a precious metal.
post 1638431253 05-12-2021, 08:31 PM
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#32
  1. Gringo12
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Originally Posted By JayJ350⏩
Gold is a precious metal.
Why? What gives it value? Apart from being used in some electronics


And also good job on ignoring my question, what backs gold? When more gold has been sold than exists? They're even printing gold now lmao.


Can't do that with bitcoin
Fck u james
post 1638431453 05-12-2021, 08:35 PM
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#33
  1. JayJ350
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Originally Posted By Gringo12⏩
Why? What gives it value? Apart from being used in some electronics


And also good job on ignoring my question, what backs gold? When more gold has been sold than exists? They're even printing gold now lmao.


Can't do that with bitcoin
Are you seriously questioning what gold can be used for? Holy chit are you cryprocels phucking retarded.
post 1638431573 05-12-2021, 08:37 PM
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#34
  1. TDR24
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Buy you fkng fools. You think gold loses its value because one man says you can't use it to buy his cars? It's the perfect store of value.
HTC

Negging the pest AlfBundy on sight.
post 1638431723 05-12-2021, 08:40 PM
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#35
  1. Gringo12
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Originally Posted By JayJ350⏩
Are you seriously questioning what gold can be used for? Holy chit are you cryprocels phucking retarded.
And a third deflection,

Its value is entirely based on what we think of it. Its meant to be a hedge against inflation but it doesn't really fit that role anymore when they are printing it the same as money .

There will only ever be 21 million bitcoins


Stay poor bro















And by bro I mean never my bro












*******
Fck u james
post 1638432493 05-12-2021, 08:55 PM
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#36
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Originally Posted By Gringo12⏩
And a third deflection,

Its value is entirely based on what we think of it. Its meant to be a hedge against inflation but it doesn't really fit that role anymore when they are printing it the same as money .

There will only ever be 21 million bitcoins


Stay poor bro















And by bro I mean never my bro












*******
Correct. But the consensus is there will only be 14million coins. The rest are gone for ever. So scarcity is even greater.
HTC

Negging the pest AlfBundy on sight.
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