$Bitcoin (BTC.CC)$ Yup totally going to 0, no-coiners. You r...
Yup totally going to 0, no-coiners. You really nailed that one LOL
The funny part is they will still say it's worthless or a bubble or a scam or wtfever.
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ZAC_DESTROYS_ALL : yep Schiff is pretty silent right now though so that's nice.
EZ_money ZAC_DESTROYS_ALL : i just watched him in a bitcoin vs gold debate and he destroyed Bitcoin
EZ_money ZAC_DESTROYS_ALL : simply put, not a real asset if there's no intrinsic value it's just trading on the market buy or sell, and it's not backed up by anything so it's no better than the dollar what it's trying to replace
EZ_money ZAC_DESTROYS_ALL : gold is backed up by it's need in electrical, digital, jewelry, and space industry uses.
Shroomie EZ_money : it has intrinsic value (people). No different than bartering. people are willing to pay 99k a coin for it right now. that is exactly how the market works. it doesn't need to be backed by anything physically. ans the fact you can sell that coin and turn it into the dollar... well... it's just gonna keep rising
EZ_money Shroomie : that's some bullshit right there. people? people can be an asset sure .....to a business Bitcoin is not a business it's a pyramid scheme where the earliest get rich and the noobs lose or make very little
EZ_money Shroomie : sell the coin and turn it into the failing dollar so basically your bragging about a wannabe currency backed by nothing, unnecessary unlike golds actual uses that gives it intrinsic value outside of being a real currency and store of value your bragging about trading for the dollar....more that's going to fail okay
EZ_money Shroomie : it's not going up anymore
Shroomie EZ_money : value is based on what people will pay for it. you're overthinking it man lol
EZ_money Shroomie : not really... buying something just because everyone is rushing into something is dumb... what are you buying? basically it's a digital collectable coin you can only see what's it's worth in dollars....not even a coin. the dollar has no value either because it's backed up by nothing. it only works because of the people who trust it