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RE: Silver, Gold, or Bitcoin?

in #silver7 years ago

You should be saying that Bitcoin is in a bubble. It would show that you understand that mimicking the properties of gold doesn't create a store of value, history of widespread use as a currency and maintaining purchasing power stability does. In fact, that's how gold earned its "store of value" status: medium of exchange first; it didn't start out that way. Bitcoin's only real value right now lies in its transaction capacity and speed, around 5 tx/s with long confirmation times and prohibitively high fees. As a settlement network, it's a 0/10. If the speculators eased off and fees dropped below $0.10 again, it might be worth a market cap of $5-10 billion.