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by saalweachter
3182 days ago
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The advantage of gold over Bitcoin is that you can evaluate the non-"it's gold!" uses of gold and make a good guess of its floor value, what it'd be worth if people weren't hoarding it, and say something like "it might be 2-3x overpriced right now, but probably not more than 10x overpriced right now". So you can say, worst case, you probably won't lose more than half the money you put in gold, and almost certainly not all of it. What is the floor price of Bitcoin, once you eliminate all speculation/hoarding? |
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