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prxdmn

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  1. prxdmn

    Gold & Crypto

    The main difference of them is that Gold is tangible, while Bitcoin is not. What drives the price of Bitcoin is mainly the trust that the people (holders) have for Bitcoin. Gold however, has real-life physical applications such as in digital electronics, and other purposes, combined with its natural rarity and scarcity, raises its market price.
  2. Replying to OP - I am still not convinced with these BTC ATMs. Not until it would be widespread, having these in current era does not prove any advantage. Going to one of these ATM is quite the hassle when you can buy using your phone, and not to mention unjustifiable fees added to it.
  3. Some factors I consider in speculating the price action would soar next year: 1. China's president Xi Jinping's statement about support to blockchain technologies (not bitcoin though). 2. Bakkt's (exchange) partnership with Microsoft and Starbucks, with Starbucks leading the race and plans to soon support cryptocurrency as payment. 3. CONA, under Coca-Cola, which plans to use blockchain in monitoring their supply chain. 4. Next Bitcoin Halving that would happen next year, May 2020 estimated.
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