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Old 02-24-2021, 07:01 PM   #914
Yoho
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Join Date: Jul 2012
Location: North America
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Quote:
Originally Posted by Enoch Root View Post
Flawed argument...

Bitcoin can't become a gold replacement BECAUSE its supply is finite and already limited. As a result, it won't work as a gold replacement because it won't work as an inflation hedge.

If other cryptos DO provide an easy substitute, then the scarcity argument fails.
You’re right it will be 10x better than gold not replace. You’re argument against inflation hedge because of it’s scarcity makes no sense.

You don’t understand Bitcoin value I get it, but I wouldn’t speak in absolutes, it sounds silly.

I think you should def load up on gold.


Last edited by Yoho; 02-24-2021 at 07:20 PM.
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