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/biz/ - Business & Finance

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25111712 No.25111712 [Reply] [Original]

In this very moment there are literaly zero reasons for BTC to be traded at $23k

>> No.25111746
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>> No.25112240

youre right, it should be trading at 100k

>> No.25112256

Portability, durability and storage all have strong arguments favoring gold.

>> No.25112403

Then make them

>> No.25112444
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>> No.25112479

OP is correct.
30k should be current price.

>> No.25112549

I can move a million dollars in gold easily? Get the fuck out of her retard.

>> No.25112605


Number go up

>> No.25112614

Portability is overwhelmingly in Bitcoins favor. It exists on the internet therefore it exists everywhere and no where. To move significant amounts of gold, as in more than whatever pittance you're imagining, as in millions of dollars, it requires hundreds of thousands in security, insurance and physically moving it. No contest whatsoever. Storage is a no contest. Countries in strife will confiscate gold at the border. When gold was outlawed, the govt simply scooped it all up in the vaults. There simply isn't an argument to be made here, because you can control any amount of Bitcoin with a brain (12 words), you don't need anything else.

Durability I agree. I'm not sure what hardware vs software is, maybe they mean Bitcoin can adapt and gold cannot - which is true. Gold doesn't corrupt over years, but neither does Bitcoin.

I can't think of a single thing that gold does better. It's shiny? I don't know.