wrong. it's all about supression. gold would be worth far more than bitcoin this very second were it not for complete precious metal price control. That's why they are not comparable.
You are viewing a single comment's thread from:
wrong. it's all about supression. gold would be worth far more than bitcoin this very second were it not for complete precious metal price control. That's why they are not comparable.
Thank you for your reply @lost.identity ! In fact, Gold is far more worth than Bitcoin (for now), at least in terms of market capitalization. This is also stated and described in the article.
you can't compare the markets because 1 is controlled 100% and one isn't . that's my point. ALSO there is FAR MORE GOLD than on the books.
Good point! Considering the price manipulation of Gold on the markets by central banks etc., one could argue that there is way more market distortion, whereas Bitcoin is purely driven by demand and supply.
Not purely, since the power players have a large stake in BTC and can buy and sell, but they are limited since there are no ETFs or derivitives to fuck with.
This is closer to a pure market than gold. This is valid.