[central_va]

You cant create gold out of thin air. Dollars have a political body controlling the supply ( not doing a good job at but still ). Bit coin???

[Database]

You cant create gold out of thin air. Dollars have a political body controlling the supply ( not doing a good job at but still ). Bit coin???

You can't create a Bitcoin out of thin air. It cost quite a bit in hardware investment and consumption of electricity to produce one.

[precisionshootist]

"You cant create gold out of thin air. Dollars have a political body controlling the supply ( not doing a good job at but still ). Bit coin???"

It's much easier to mine an once of gold right now than to mine one bitcoin. The supply of bitcoin is fixed forever at 21 million. It's supply and demand and if the global demand remains and continues expanding even at a slow but steady pace bitcoin will reach a staggering price level.

So it's a lot of wishful thinking alright. Mostly by people who wish they would have bought some bitcoin.

But....all is not lost if you feel you missed out. What many people don't even realize is you don't need to buy whole bitcoin at 40K. You can buy a fraction of a bitcoin. If you want just $100 in bitcoin you can do that very easily. When bitcoin hits 120k your $100 will be worth $300 or if it goes down to 20k your $100 would be worth $50. It's just like any other investment.

[ConservativeDude]

by asking that question, you have demonstrated that you know nothing about bitcoin