BTC is in a bubble at the moment, when the bubble ends, lots of money will be lost. Gold isn’t in any bubble... It's God's money!
As I said I am open on Bitcoin, but there are some things I don't understand.
As I understand it, transactions are pretty slow compared to card transactions (I'm not having a dig, it's just the way it is) but at plus 10 seconds it means it isn't something that is going to be conducted at an Asda Checkout.
Now again as I interpret it, the transactions are powered by computers that are mining for new coins.
When all those coins are gone, and all of the miners cease mining because there is nothing to mine for, how do any transactions take place?
LC
BTC is in a bubble at the moment, when the bubble ends, lots of money will be lost. Gold isn’t in any bubble... It's God's money!
I'm sure they'll be some reason or way to create more down the line There's actually no business case for btc or any crypto - nothing you can't settle with a credit card or PayPal.. It's really just part of a utopic dream of a decentralised floating currency ultimately designed to bring down central banking. There's quite a lot of talk that cryptos could work if backed by Gold and possibly silver, this is something China are working on right now and is being looked at by other govs around the world. I'm not a crypto hater just a realist. Gov backed cryptos will happen at some point totally as fiat currency is now utterly worthless look at the dollar.. smashed to bits.. I am telling you now that some economic pain is coming like never before in the next months, it was long due a decent recession and was just a pin needed to prick the bubble, but instead we got a sledge hammer with Covid.
There's actually no business case for btc or any crypto - nothing you can't settle with a credit card or PayPal
Next you'll quote Warren BuffetMicrosoft co-founder Bill Gates said "As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment,".
Next you'll quote Warren Buffet
You just shot yourself in the foot with that one because his firm Berkshire Hathaway has just invested $560 million in US-listed gold mining company Barrick Gold.. and we know what Buffet thinks of BTC “Cryptocurrencies basically have no value and they don't produce anything,”.
Microsoft co-founder Bill Gates said "As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment,".
you are leaking infoAdmin said:Hello. So, do anyone happen to know anything about Whois and how it can be accessed?
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