Bitcoin - Crypto Chat

I do still believe that gold will reach 8-9k within a decade. But its nowhere near the potential of Bitcoin.

The price of Gold has only seen a increase of £500 in the last 10 years why would it rise so high now when there is so much more to invest in?

because of the market conditions that about to come, you have seen asset inflation in tech stocks since March, also housing in London, gold has loads of room to catchup.

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With additional 1.9 Trillion in Q1 to start the party off

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Gold shouldn’t really be seen as an investment but more a hedge against inflation. Its a store of wealth whereas the pound in pocket only loses value over time

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Bitcoin is going that way aswell being seen as a store of value where people can park their money so it doesn’t inflate away.

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the price of anythin can be relatively “steady” in the past and more volatile in the future

" It’s fair to say that, in the past, Warren Buffett wasn’t the biggest fan of gold. “ Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head ,” he said in 1998."

that;s what one of the winklevoss bros said about Bitcoin

that’s what some people think about [any stonk]. we’re in for another 10 years of mostly up up up and to the [planet or rock of your choice], and then we deflate with a recession

Thats not strictly true. Over a ten year period the low point of gold was £674.18 per oz and high of £1574.37 thats £900

That’s just not how you measure price increase over a period. You can’t just pick whatever price you like and calculate the increase from that price to the peak price…

Haha buy low sell high

bitcoin, gold, old paintings, aston martins, bananas, exchangebale video game coins for virtual swag – all commodities

“Mr Hughes [at Coinbase] said among the reasons for higher trading volumes of Bitcoin in the UK were “increased levels of institutional interest, corporates, including MicroStrategy, taking Bitcoin onto their balance sheets and wider awareness of payment mechanisms”.” British investors go all in on Bitcoin

invest at own risk!

anything cango down to 0

yo we “buying” or renting digital assets like music and videos but we dont own them and theyre stored on someones clouds

Not if you put your cryptocurrency on nano ledger

ELON HAS SPOKEN

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The X marks the spot

Tesla adds $1.5bn in Bitcoin to their balance sheet.

Welcome all Tesla holders to crypto.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm

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Tesla just announced in their letter that they bought 1.5 billion in bitcoin and will accept as payment for their product

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you got there first!

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