Quote:
Originally Posted by Milhouse86
Hey sorry I got busy and forgot to come back. Where the car analogy is wrong is that we have things that DO hold value over time. It's just not currency issued by an authority controlled by people. The only value of your coin is the collectors value. The value of the metal is less than the value of the coin, and you can no longer use that coin as "currency" because it is a defunct government.
Bitcoin is more like gold in that it keeps it's value against USD inflation like gold. The theory is still being played out, and proven imo, in real time.
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It's crashing again... it is not a hedge against the market. And the difference between bitcoin and gold is, gold is a limited supply. Bitcoin was the only supply at one time but now there are hundreds of cryptos and climbing. So will blockchain be used into the future, sure. But every company might have their own someday even if some use 3rd party ones. Anyway so it's not special. It's not a hedge against anything. It's just a big waste of electricity for the most part. Also spamming on some forums won't help you get your 'investment' back.
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