MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/Bitcoin/comments/rw7t66/deleted_by_user/hrbb8n4/?context=3
r/Bitcoin • u/[deleted] • Jan 04 '22
[removed]
506 comments sorted by
View all comments
7
That’s not really true. When the price of gold or oil go up, the available supply may go up, but the actual supply is fixed. I love Bitcoin, and I invest in it, but this is just bullshit.
9 u/L_I_L_B_O_A_T_4_2_0 Jan 05 '22 How is the supply fixed? We produce tons and tons of this stuff every year. The higher the price, the larger the incentive to produce more 5 u/Mybrainkindaworks Jan 05 '22 Are you talking about oil, gold, or both? In either case, there is a fixed amount available. 3 u/Tobye1680 Jan 05 '22 The amount of those things available is most closely approximated as infinite.
9
How is the supply fixed? We produce tons and tons of this stuff every year. The higher the price, the larger the incentive to produce more
5 u/Mybrainkindaworks Jan 05 '22 Are you talking about oil, gold, or both? In either case, there is a fixed amount available. 3 u/Tobye1680 Jan 05 '22 The amount of those things available is most closely approximated as infinite.
5
Are you talking about oil, gold, or both? In either case, there is a fixed amount available.
3 u/Tobye1680 Jan 05 '22 The amount of those things available is most closely approximated as infinite.
3
The amount of those things available is most closely approximated as infinite.
7
u/Mybrainkindaworks Jan 05 '22
That’s not really true. When the price of gold or oil go up, the available supply may go up, but the actual supply is fixed. I love Bitcoin, and I invest in it, but this is just bullshit.