Post by
ardbegoil on Feb 12, 2021 7:48am
Still not convinced about "Bitcoin"
Even though bitcoin is flying I still am very aware that it was created out of thin air...I can see "Bitcoin II" and " Bitcoin III" being invented just as easily....In fact there are already thousands of other bitcoins out there just under different names....I am eagerly awaiting the announcement that there will be "Bitcoin Fractions" introduced just like dollars and cents....Whereas gold is truly limited by what has been and possibly can be mined ....."Fiat Bitcoin" reminds of the fiat currency already existing and being presently abused by our fearless and fickle leaders....When all the fiat scams have been exposed gold and MGM will eventually win out and many more people are coming to that very conclusion every passing day ....best to all
Comment by
theticket on Feb 12, 2021 10:09am
The price is so high even if it goes to 120k there is no point. Can take 40k buy a penny stock at .02 and sell at .06, same result. The mining of it is terrible for the environment. Elon builds EVs then invests 1.5B into bitcoin. The power to create a block for 1 transaction is the equivalent of watching 10,000 hours of youtube. Seems counter productive.