RE: Campaign to 'End the Fed?' Or . . . just buy BITCOIN?

You are viewing a single comment's thread from:

Campaign to 'End the Fed?' Or . . . just buy BITCOIN?

in bitcoin •  7 years ago 

USD and BTC have one thing in common, they're both only backed by confidence. If EOS can make Ethereum obsolete as dollar vigilante pointed out, the same can easily happen to Bitcoin and then it plunges to 0 because nothing tangible backs it.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  ·  7 years ago (edited)

bitcoin is backed by technology, math, functionality, security, tangibility etc.

And how much of those components are salable and have a 6000 year history of being desired as money

wrt gold/cryptos, It does not have to be either/or.

Each of us must do our own due diligence and decide where to put our currency and attention. For some, thats gold. For others Crypto. And some even choose fiat.