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12518933 No.12518933 [Reply] [Original]

Will or will not BTC ever surpass gold in market cap? This would require BTC price of about $350,000.

>> No.12518972

yes. gold goes to 0. screencap this.

>> No.12519490

>>12518933
To me gold vs bitcoin is a lot like the horse vs the car. Right now the car (bitcoin) is pretty shitty but it'll become apparent that it'll win over the horse (gold).

>> No.12519513
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12519513

>>12518933
>>12519490
>>12518972

>> No.12519605

>>12518933
I think in the end cryptos highest value prop will be gold replacement. It is superior.

>> No.12519624

>>12519605
>crashes 50% in a day
>muh superior store of value

>> No.12519627

>>12518933
It will but at least after 5 years.

>> No.12519696
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12519696

>>12519513

>> No.12520103

>>12519624

>only in fiat.

If crypto moons to 1 million+ and people stop trading fiat to crypto and everything is priced in crypto it's real value will have become solidified.

>> No.12520388

All the superpowers hold thousands of tons of gold. Do you really think the US, Russia, China and the UK are going to let their gold become worthless?

>> No.12520399

>>12520103
>everything is priced in crypto
and how would that happen when blockstream itself has long abandoned plans of ever making it a true currency? its over, the dream is ded anon

>> No.12520461

How is bitcoin a substitute for gold? That makes no sense. They are nothing alike. The things that bitcoin has a shot at replacing are services like western union and PayPal, maybe credit cards. But that is assuming the devs are competent and can scale bitcoin which right now they are not.

>> No.12520579
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12520579

>>12520461
>How is bitcoin a substitute for gold? That makes no sense. They are nothing alike. The things that bitcoin has a shot at replacing are services like western union and PayPal, maybe credit cards

>> No.12520907
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12520907

>>12518933
Gold is what gives a society based on scarcity its true value. Since fiat is not scarce it cannot sustain its own system without decreasing world GPD over time.

Crypto can sustain itself since it is based on scarcity such as a limited supply. Therefore it is a true value in our world. It is superior to gold as well, in terms of holding and tx mechanics. Even with a few tx/min it outperforms gold. Let that sync in. Bankers and gov'ts have no way of stopping it because their system falls under obsolete.

>> No.12520969

>>12520907
lol ever heard of an EMP?

>> No.12520979

>>12518933
DLETE THIS NOW

>> No.12520993

>>12520579
If my electricity shuts down i can still sell my gold

>> No.12521079

>>12519513
i believe this>>12519513 way more than >>12519696

>> No.12521115

>>12521079
>t. boomer

>> No.12521168

>>12518933
crypto yes, bitcoin no. pow coins are doomed to never reach this. at a price that high you need the same electricity as whole russia or 1/3 of U.S. total electricity consumption too secure the network.

>> No.12521229

>>12521168
at that price bitcoin needs 1200 TWh per year. a household uses 1200 kwh/year. so thats 1 billion households

>> No.12521732

>>12519696
I believe in Crypto but gold will never go away because it is the currency of the cosmos. Its scarcity is common across galaxies.

>> No.12521785

>>12521229
nerd fusion power is already invented soon electricity will be free and clean

>> No.12521843

>>12520388
yes? they have no choice, besides china already invented creation of "gold" in labs, only a matter of time. do you really think governments are intelligent?

>> No.12522013

>>12518933
it will eventually

>> No.12522025

>>12521732
No, it's not. It's scarce on Earth, but not on the universe.

But it doesnt matter anyway, because of this: https://www.zerohedge.com/news/2018-12-23/breakthrough-chinese-scientists-turn-copper-gold

>> No.12522027

>>12519696
Tried and failed. Gold won't be replaced completely ever.

>> No.12522486
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12522486

You peons are thinking far too small. Bitcoin is a vampire that will soak up nearly all physical assets. You better realize this quick because this year the switch is going to flip. If you don't own at least one Bitcoin before the event, you'll be priced out of ever owning a full Bitcoin no matter what type of money you have. Also, they are sliding this thread.

>> No.12522540

>>12522486
Housing will be safe, that has more innate value than gold.
This is what "disruption" is all about. Gold took 8000 years to build up it's reputation or "network" of followers who will believe in it and bitcoin wants to replace that in decades.
I don't think it will happen but I am stacking more bitcoin for suicide insurance.

>> No.12523149

>>12522486
What do you think Bitcoin value is by EOY?

>> No.12523244
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12523244

>>12522540
Bitcoin growth is going to be exponential this year. Wait until 500million people are allowed to buy Bitcoin. And those individuals will do so because their brokerages will hold their hand as they buy 10 million satoshi for $5,000... Truly boomers are going to buy bags of Bitcoin. The media will be used. This has all been planned. Stay tuned, it’s going to get very interesting this year.
>>12523149
Bitcoin will hit $100,000 this year by Q3.

>> No.12523562

>>12523244
>Bitcoin will hit $100,000 this year by Q3.
Bitcoin maximalist COPE

Meanwhile LINK is well on its way to $10 eoy