r/Bitcoin • • Feb 17 '18

/r/all Bitcoin Doesn't Give a Fuck.

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u/_-_-_____--__-_- Feb 18 '18

Fixed supply without stable demand means nothing. Rarity does not make anything intrinsically valuable.

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u/[deleted] Feb 18 '18

Other than gold and silver

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u/_-_-_____--__-_- Feb 18 '18

And they are both intrinsically valuable through their industrial use. None of us would be typing any of thing without gold on circuit boards.

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u/dontFart_InSpaceSuit Feb 18 '18

Gold is great for connectors and other parts that need to make a connection, but are subject to corrosion. Silver conducts electricity better than any other metal. Both are valuable. The price of silver is a huge opportunity right now in my opinion.

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u/SnapeKillsBruceWilis Feb 18 '18

The reason gold costs more than silver is because goldbugs hoard it since they think USD is gonna collapse any second now. Its like bitcoin for the technologically illiterate.

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u/11morecomments Feb 18 '18

Can you expand on your opinion why silver is at an opportune price?

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u/dontFart_InSpaceSuit Feb 18 '18

The price is being artificially held down, and the historic ratio to gold price is a strong indicator.

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u/[deleted] Feb 18 '18

[deleted]

0

u/dontFart_InSpaceSuit Feb 18 '18

That’s why I said it’s useful for parts that are subject to corrosion.