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Re: matt24d post# 397478

Sunday, 12/17/2017 3:40:10 PM

Sunday, December 17, 2017 3:40:10 PM

Post# of 647877
Bitcoin: That article raises an interesting point about the electricity being used to mine BTC, but that certainly doesn't mean it's in a bubble. There's only 3-4 million coins left to be mined and then the currency is capped at a mere 21 million coins. That creates a scarcity scenario which itself lends to the value of BTC. The market cap is not that large yet either. It's probably right around $200 billion or less. They say it will be equivalent to gold someday and gold has a market cap between $7-8 trillion, so Bitcoin has a long ways to go to even come close to that.

I noticed that most of the anti-Bitcoin articles are written by people heavily invested in gold/silver and are probably scared digital currencies are going to take the wind out of their sales, as they want precious metals to be the alternative to fiat currency, not crypto currency.
Personally I own both precious metals and cryptos. Why not?


If you don't have a set of these you best put your money in a CD.

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