RIP

How is your short going?

For the sake of the people who have money in gold, I hope it comes as slowly and gently as possible because change is necessary. Gold is a hindrance to tech since fiat is backed by it. It does not create value and it doesn't even store it that well. We are very lucky to have lived in this century and witnessed things that no one thought would ever disappear actually burnt.

This post has been edited by whyamiblack: Jan 7 2021, 02:47 PM

I don't know why you even brought gold coins into this, it's such a terrible medium. If your definition of storing well is at an average of -2 to -4% a year, sure. Every year more gold is being mined. This is for sure. That makes it technically, infinite. This doesn't even take into account the possibilities in the future. Btc as a replacement of fiat has always been nothing but speculation but at least it's far more convenient than physical gold. Also, I don't know who's thinking about buying coffee with btc at this time or even when btc was low. It's just as bad as using gold to pay for coffee.

At the rate of gold, I'd rather hold something that either creates value, disrupts or solves problems.

And no, I'd only sell btc at an unsustainable peak, convert it to fiat just so I can buy more later on. Btc only problem is that it's highly speculative but speculation never ends. This is the same even for gold. It's only short term because at some point it will get to where gold is and crypto is here to stay. Let's face it, gold will see its end. It's inefficient, creates no value whatsoever, holds back innovation and progress because it's storing the value of fiat making it unnecessarily expensive and when the rate of gold being mined suddenly explodes, we will be stuck between making progress and having the economy crashing or make no progress just so gold could keep on "storing value". We're talking about the best conductor of electricity here ffs. Backing our currency with it? How does this make any sense?

Whether it's btc or not, who knows but crypto sure is the best solution so far in every problem dependency on gold has created.

So you haven't short it? Well, congrats but if you are so sure, why didn't you? Oh wait it's /k

This post has been edited by whyamiblack: Jan 7 2021, 04:55 PM

Definitive indicator being a chart that it already happened? LOL

Where are the shorters at? I still haven't got my 2nd discount.

Don't worry, OP probably will claimed to have already pull out his virtual credit right at the bottom of the dip

Ohh this one. I just recalled, got replied my last post previous page hahaha.