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what does gold have to do with bitcoin? why even bring it up? did gold also crash today?
by endisneigh 5y ago
what does gold have to do with bitcoin? why even bring it up? did gold also crash today?
- spelunker 5y agoI used gold as an analogy. I have no idea if gold crashed today because I don't own any, just like I don't own any bitcoin.
- simonh 5y agoBitcoin is frequently compared to gold because in both cases their value is mainly based on speculative trading. They do both have practical functions - gold is used in small amounts in industry and jewellery while Bitcoin can be used as a currency - but these have little or no relation to their traded value.