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To: Dilbert San Diego

It actually is closer to GOLD than the US Dollar is. The only thing keeping the US Dollar from collapsing is the idea that the US cannot collapse.

Bitcoin is limited by scarcity in that once the last bitcoin is mined...that is it...there is no more.

Add to that it is THE cryptocurrency...the brand name, and there will always be a demand for that.

Now where it settles as a fair price is anyone’s guess....but I certainly wish I had bought it at $30.00 a bitcoin a few years ago as I had thought about. But I talked myself out of it.


17 posted on 05/22/2017 12:33:24 PM PDT by Crimson Elephant
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To: Crimson Elephant

Well, there too, the Bitcoin mining thing is something else I don’t quite get. But understand the concept that there is a finite quantity of Bitcoin .


30 posted on 05/22/2017 1:11:36 PM PDT by Dilbert San Diego
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