Whenever the price of gold spikes, new deposits are found
Funny how that works
Discussion
Damn dude, never looked at it in that way 😂
But I also don't pay attention to gold 😅
Price going up to creates incentives for miners to start looking for gold deposits.
And if they find and process new gold, it introduces new supply and selling pressure into the market.
Bitcoin on the other hand cannot be found. Price and demand going up would only mean new bitcoin is more difficult to mine.
Great way to get Gold bugs to understand that Bitcoin is much more than digital gold.
Oh, I thought if gold was appreciating they just make up some bullshit story about finding massive amounts of gold to bring the price back down so people wouldn't have so much gains in their investment, so they would stay poor 😅
😂😂😂😂😂
That's the thing. There's no means of verification.
I wish I could count on my miners to find me a few solo blocks when BTCUSD spikes with that level of reliability.
Correction: Gold Deposit may be worth over ~980,879 BTC.
People should really ask themselves "why are gold and silver pumping?", Why are the elite, rich folks, bankers and brokers rushing to secure their wealth? What do they know Bob doesn't know yet?
It’s all Plato’s cave
Whenever the price of bitcoin spikes, new journalists discover the Satoshi coins.
And write alarmist (and misinforrmed) articles.
Funny how that works 🙄
Yeah, I noticed that. I thought, funny that given gold recently reached ATH.
Death, taxes, and finding more gold
It's almost as if all you need is headlines to influence the market.
It's almost as if owning a media company would give you power to spread fud.