It started with 1 coin. Now there's over 1400. Crypto = tons of dilution. These guys are going to print themselves to zero with no real winner.
Bitcoin vs Gold as a store of value
- Thread starter Daal
- Start date
Graves is an idea.
A friend has bought scores of plots in several cemeteries, older nicer places & soon to be.
Now knowing him he will dig the graves and try and sell them for storage in the meantime (imagine a grave with a yellow locker door..) but his logic is good.
He can sell individual plots very easily and the better plots appreciate well in value.
Lots of boomers going under 2020-2030.
A friend has bought scores of plots in several cemeteries, older nicer places & soon to be.
Now knowing him he will dig the graves and try and sell them for storage in the meantime (imagine a grave with a yellow locker door..) but his logic is good.
He can sell individual plots very easily and the better plots appreciate well in value.
Lots of boomers going under 2020-2030.
Brilliant. There will never be a short supply of dead people.
So double down on it and develop a bassinet-manufacturing and grave-site company. How can it go wrong?
And that is good for cryptos in general but not good for just one coin in particular. What are the chances they got it right at the very first time? As experience shows, zero, thus we have way better coins than the king. Eventually (when the novelty of huge gains wear off for the public) the value will stabilize and lots of now high fliers will be left in the dust. Collector's item, should I say.
bitcoins could be one of the ways for holding value. it's a way to escape inflation as the FED and US government are not going to cramp down the money supply any time soon or ever. Banks hold boat load of dollars, and they're losing value everyday. Banks has resorted to owing gold or some real assets to fight inflation. Probably, land is another way to keep up with inflation as population is increasing. I think the potential issue with bitcoin is its stability. once someone or some computer could hack the NSA SHA2 function, then it requires us to migrate to longer hash, then i think that'd increase the number of bitcoins (versus 22 billion limit for the current hash function). Then it means inflation. Also, bitcoin is not something tangible that people can touch or potentially hacked, then i think it comes down to the trust issue (for being adopted as the means for holding value) not very good (basically, it comes down to people perception of what value is. buying land in Hawaii could be a good investment (the risk is Kim Yung Un likes to play with his fire crackers.
I agree. The phenomenon has spawned multiple industries. There's a new generation of investors/speculators/traders that crypto has engaged. The idea of bitcoin is a work of art.
Unless it's maliciously attacked, I imagine the whole alt coin market initiates a new era of crowd sourced funding. Much like kickstarter, gofundme or kiva, the access to capital is limited only by the imagination.
