Yeah, slick apples and oranges argument. Tangible verses digital. One would be better off investing in silver and gold coins than either the greens slips in ones wallet or some digital BS. I have friends who have x-amount of Bitcoins verses my silver and gold coins. I love the looks on their faces when I show them how I can touch, hold, and carry my silver and gold coins and then ask them to produce those Bitcoins they have and touch, hold, and carry them there Bitcoins. All they can do is grab their cellphones. lmao.
Most bitcoiners DO own some gold and silver. It’s not either, or.
LOL. I own both.
The gold and silver have no more intrinsic value than the Bitcoin. It’s what the market places on their value that matters.
I own a 3.2 bitcoin. I originally had a little over 4 I bought when working overseas to be able to make internet purchases when my credit card would not work on some sites.
I bought the total for 1,000.
I sold one for 2,000 to lock in a profit.
So my 3.2 bitcoin ( along with a few others that spun off for free) are now worth 145,000. All pure profit.
Coins can be carried off by any common thief. And if you wanted to make a large transaction such as buying a $100,000 car, how are you going to accomplish that with silver coins? Haul around a wheelbarrow? That's over 250lbs.
All forms of currency have their pros and cons. Bitcoin can't be stolen (if it's in your own wallet and not on some website) and it's easy to transfer $1 or $1 million. But it's not perfect either. Meanwhile, physical currency can be physically stolen. And it has to be physically present with you in order to use it. And if it's destroyed or lost in some way (e.g. natural disaster), you have no means of recovery. Credit/debit cards are convenient, but now all your purchases are tracked and there's a third party controlling whether you can spend anything.