50 upvotes, 3 direct replies (showing 3)
View submission: Don't invest recklessly
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Comment by awoeoc at 30/11/2017 at 13:33 UTC
26 upvotes, 1 direct replies
If all people were to sell their gold at once the price would also collapse, no?
It would, yes. However the likelihood of this happening is much lower than in Bitcoin. That said, gold is also considered speculative for "investors", and most people would recommend you keep very little of your portfolio in gold. I think Bitcoin and Gold are in the same asset category.
Lots of gold was purchased for 30$ or 300$, so the the value of all the gold in the world is also not the amount of money that was put into it.
How many dollars did Julius Caesar spend for his gold? My wording was specific, I called it "wealth tokens" at one point. A dollar bill represents wealth, it itself is just paper. For much of history you could pay people directly with gold or tokens for fair gold value. And in any case as above, bitcoin represents the same asset class as bitcoin.
Comment by McJew87 at 20/12/2017 at 21:59 UTC
1 upvotes, 0 direct replies
Navcoin launches the NAVPay app today Dec 20th. Why Navcoin? 1) 30 second transact time 2) Earns u 4% interest using a regular PC, no special mining equipment needed 3) Double blockchain technology
Comment by [deleted] at 22/12/2017 at 07:32 UTC*
1 upvotes, 0 direct replies
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