Couldn't the same be said of gold?
Like Bitcoin, the value of gold is pretty much down to rarity. Apart from a few niche applications and jewellery, most of it ends up as shiny bars sitting in vaults doing absolutely nothing, with no utility value.
An analogy for Coinbase from the 90s
- Thread starter Pekelo
- Start date
Couldn't the same be said of gold?
Like Bitcoin, the value of gold is pretty much down to rarity. Apart from a few niche applications and jewellery, most of it ends up as shiny bars sitting in vaults doing absolutely nothing, with no utility value.
No. Gold has multiple completely different use cases. It has even industrial usage, what you didn't even think of. Even silly ones like drinking it. And gold can not be multiplied unlike any crypto with a fork.
Consider this: I can hit you in the head with a gold bar or gold hammer. Try that with any crypto...
Consider this: I can hit you in the head with a goldbar or gold hammer. Try that with any crypto...
this is where old people begin and end their analysis. What a joke.
this is where old people begin and end their analysis. What a joke.
when arguing about crypto, nft or metaverse perhaps we should start by knowing the age of the poster. That works both ways. With age we’ve seen been there done that and have seen where these things often end. On the other hand with being young you see and understand things the old foggies don’t… how old are you @Pekelo , you old f**k. 
I posted a while back regarding Chanos shorting COIN. Of course, there was talk about dumb-Chanos and he's an idiot, etc. COIN is a cash-cow...
How now brown cow?
How now brown cow?
when arguing about crypto, nft or metaverse perhaps we should start by knowing the age of the poster. That works both ways. With age we’ve seen been there done that and have seen where these things often end. On the other hand with being young you see and understand things the old foggies don’t… how old are you @Pekelo , you old f**k.
Sour grapes. It’s not unusual to see this in strong bull markets and market bubbles. There are always people watching from the sidelines and some of them feel pain seeing others make the money they aren’t making.when arguing about crypto, nft or metaverse perhaps we should start by knowing the age of the poster. That works both ways. With age we’ve seen been there done that and have seen where these things often end. On the other hand with being young you see and understand things the old foggies don’t… how old are you @Pekelo , you old f**k.
Only a bear market or a market crash will provide them relief. But they aren’t even short the market and won’t make any money on the downside either.
Old age doesn’t explain the irrational behavior. Some experience is needed, though. Living through a major bear market or two and seeing the carnage can make a deep impression on the mind.
- My prediction for the BTC/Monopoly Dollar exchange rate at the end of 2022.
- 1 BTC = 5 Monopoly Dollars