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RE: Max Keiser vs Peter Schiff: The Bitcoin vs Gold Debate!!

in #bitcoin7 years ago (edited)

Bitcoin is limited and Gold is not.. They are both a store of value, whether it's physical or digital, and if you want to send value across the world it is way easier to send Bitcoin vs Gold, but realistically like Peter said what if something better comes a long?

Well there has been TONS of things come along (look at STEEM) that could be seen as better, but people still use Bitcoin just like people still use the dollar (IT IS THE MOST WIDELY ACCEPTED), and just like people use Facebook.. when the world finds something they all accept they seem to stick with it as long as it works, and the Dollar does not, but Bitcoin does.. and it can be forked if it needs to be upgraded, but only if the majority of the community agrees.. to make it better!

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I keep about 85-90% crypto, 5% gold & silver, and about 5-10% fiat for spending money and buying into dips.

Gold is not limited? Think again.

gold has to mine and its has to be profitable to mine, it it cost 5k per ounce there not going to mine it