3 out of 3! Each time Bitcoin reaches parity with Gold, it fails. Here's why!

It has been so historically, but this last time it passed ppo of gold for quite some time. Definitely something to note, but it should also be understood; the value "one ounce of gold" is entirely arbitrary in regards to bitcoin, as we have no notion of how much gold there is in the universe, and so no notion of what one ounce of gold is relative to itself. We do however know the value of 1 bitcoin, as it is precisely 1/21,000,000th of whatever value is added to the bitcoin network wealth prior to calculation.

Bitcoin won't last and I will tell you why..

The Rothschilds don't control it.
They only let something un-taxable go on for so long to see its effects and how it works.

They will force your politicians to make it illegal to own bitcoin eventually. Right around the time they launch Fitcoin. The federal international trading coin.. Controlled 100% and taxed by Rothschild.

If your holding bitcoin, you can equate that to holding a lit stick of dynamite.. Its just a matter of time before it blows.

Unless you see the rothschild collapsing soon and losing their monopoly on central banking currencies? I don't see them letting bitcoin go on much longer.. This is evident by the rejection of it on the Etf.

Relies 100% on internet = doomed to failure.

Relies 100% on internet = doomed to failure.

They have chosen ethereum

Hello

U created the thread but seem clueless mellon and morgan and gates are going to push ethereum up to 1000 next

Oh btw, damned near EVERYTHING, and everyone, now relies 100% (or close) on the internet. Internet going down = equivalent of global nuclear war, more or less.

Already back around $1,200

Other digital currencies might rise because Bitcoin is too expensive for most people.

You are able to buy (and sell, and use) fractions of a bitcoin.

Bitcoin has perceived value by its acceptance of online markets. People pay money into bitcoin which gives it the perceived value. Bitcoin also being outside of the central banking system it isn't taxable, this is why china and japan have jumped on board over the last year leading to its dramatic rise in value. But like the stock market bitcoin can be hyper traded and so you see dramatic swings in it's value. Also as it rises people pull there profits out of bitcoin so when it gets to a high it drops as they pull their profits, then they let it rebuild. If the dollar/credit system ever dies, you won't be able to email gold or silver, so this another reason people like bitcoin it's the likely future of internet money.

Bitcoin has perceived value by its acceptance of online markets. People pay money into bitcoin which gives it the perceived value. Bitcoin also being outside of the central banking system it isn't taxable, this is why china and japan have jumped on board over the last year leading to its dramatic rise in value. But like the stock market bitcoin can be hyper traded and so you see dramatic swings in it's value. Also as it rises people pull there profits out of bitcoin so when it gets to a high it drops as they pull their profits, then they let it rebuild. If the dollar/credit system ever dies, you won't be able to email gold or silver, so this another reason people like bitcoin it's the likely future of internet money.

Comparing an ounce of gold to a figurative Bitcoin is utterly retarded.

Why not compare a bitcoin to the equivalent amount of horse dung.

Bitcoin has perceived value by its acceptance of online markets. People pay money into bitcoin which gives it the perceived value. Bitcoin also being outside of the central banking system it isn't taxable, this is why china and japan have jumped on board over the last year leading to its dramatic rise in value. But like the stock market bitcoin can be hyper traded and so you see dramatic swings in it's value. Also as it rises people pull there profits out of bitcoin so when it gets to a high it drops as they pull their profits, then they let it rebuild. If the dollar/credit system ever dies, you won't be able to email gold or silver, so this another reason people like bitcoin it's the likely future of internet money.