Quote:
Originally Posted by ilnjscb
Yes but gold never rusts and is real. Bitcoin is ALL virtual.
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Gold is not the only "currency". The most common currency worldwide are little rectangle pieces of paper which we all simply accept have value and will be accepted by others at that value.
Bitcoin is like a retarded game being played by children who have no concept of what a monetary system even is. The only way it can have value is if people believe it has value. There is nothing dependent on bitcoins. Not rent, car payments, salaries, mortgage payments, bank loans, investment markets and so on. The value of bitcoins right now is being set by the demand of retards who hate the "man". Their value can evaporate at any moment. Even a simple hacking / news story can make that happen as people learned.