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What happens if the value of Bitcoin tanks? How is this different than hoarding gold, Pokémon cards, etc.?
by organsnyder 4y ago
What happens if the value of Bitcoin tanks? How is this different than hoarding gold, Pokémon cards, etc.?
- xiphias2 4y agoI never understood Pokémon cards, they have a marginal cost of 0 to print. With gold I have to trust 1 bank to hold it (generally the place where I buy it anyways, which is not secure), can't do multisig, and can't go through airports easily. About the value tanking: even if it tanks 90% more, it's holding its value great compared to when I bought it 10 years ago. These sound like theoritical things, but when storing real money all these problems get real.