So why doesn't the price of #silver affect the price of #gold in that way?
Discussion
That’s just entirely different. Neither has a fixed nor auditable supply, both materials are needed for non-monetary purposes, they aren’t inherently digital and are very rarely held by the “owner” themselves. There is not much of a comparison that can be made between gold/solver and bitcoin/monero
But a comparison can be made between BTC and Monero, even though they're very different? Also, i don't understand why the price of #BTC is so important to some people. Of course it needs to be a decent level, but beyond that, why does it matter. It can still be a working currency even i it's worth £1000 or less, can't it?
I'm coming in fairly new and looking at these digital currencies and these are my thoughts.
#BTC is too expensive at the moment. I know I'll be able to buy it at around £20 again at some point and I'm patient.
#ETH is impossible to actually use, because of the #GAS fees, but i can wait till they come down. I'm patient.
#Monero is a really good way of actually paying for things, because it's cheap to send. Okay it takes a while to arrive, but I'm patient.
#Lighting is actually #bitcoin's killer feature, because it makes it usable.
Hi Stonie, you tried to help me out on nostrchat, I can help you out a bit with your take on Bitcoin price.
Everybody buys bitcoin at all time highs, it a rite of passage.
There is s saying which is so true, you get bitcoin at the price you deserve. If you wait, you will be lucky to get in at a cheeky price. There are only a few days of the year that the market acts up or down in a mind blowing way, and it usually happens when we sleep. So best to just start with a few bucks worth and let it flood over you.
I presume the 20 buck reference is a joke, because there are so many diehard holders who will never sell, and therefore they bitcoin dropping to stupid lows.
At the end of the day, nobody fully understands bitcoin, and Bitcoin doesn't care what I say. But history says it's trend is one way only. Cheers
Oh I remember you. Glad you got your nick sorted. I already bought some BTC last year when it was around £22K. I'm an odd sort, so the current price is putting me off. I checked and noticed i missed the £13K bottom, but that makes me think it will drop to at least £25K if it follows this trend.
