tezostrader | Cryptocurrency

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1947

$XTZ Price & Trading Discussion Tezos Markets: https://coinmarketcap.com/currencies/tezos/#markets https://www.coingecko.com/en/coins/tezos/trading_exchanges#panel

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Tezos Trader

What the hell happened today!?

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Tezos Trader

heart started beating

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Tezos Trader

/click_to_pump_it_now

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Tezos Trader

In debt with their own currency though.....Not another nation's currency...Thats key

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Tezos Trader

its hard for outsider plebe to get into direct contact with reputable U.S. institution.
so they often use shady proxies who market them easy entry into us markets

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Tezos Trader

The whole world trusts the US financial system, otherwise they wouldn't have such a huge debt

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Tezos Trader

like, where its registered/jurisdiction. where its facility. there must be very thorough research made

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Tezos Trader

a trading platform that earns commissions from trading and storing precious metals

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Tezos Trader

let's imagine that this is not a bank, but a trading platform that has a storage facility for gold and other valuable metals

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Tezos Trader

As homeless said, it's different and crypto is at least as easy if not more easy to own than physical gold

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Tezos Trader

I mean...I see why bitcoin narrative can appeal to many people who are lacking trust in their financial system

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Tezos Trader

with bitcoin you control all the risks if you self custody

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Tezos Trader

what if bank goes bankrupt

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Tezos Trader

Only the owner can take it, that's what I meant

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Tezos Trader

I can't say how feasible this is

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Tezos Trader

/click_to_pump_it_now

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Tezos Trader

like a defibrillator shock

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Tezos Trader

Gold miners are another option. Otherwise paper gold scares me, like ftx style.

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Tezos Trader

Most platform like this don't and never store any gold. Most gold circulating on accounts are non existent physical gold

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Tezos Trader

I'm not saying that world is wrong. I'm saying that plebes are often wrong when they pick org to trust their money

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Tezos Trader

their financial system rugged them before. as financial system of any other country. this generation just haven't experienced it

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Tezos Trader

Americans don't trust their financial system?

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Tezos Trader

I will trust a trading platform even less than a bank

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Tezos Trader

Also consider that there is more paper gold in circulation than real gold

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Tezos Trader

like, what if your country is at war, and you cannot move all your gold bars abroad...and gov will certainly set those restrictions to prevent outflows of capital
with bitcoin/crypto its ez to move

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Tezos Trader

with gold you have to depend on someone else unless you store it yourself

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Tezos Trader

or your gov wishes to repeat executive order 6102

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Tezos Trader

or leave it and pay for its safety

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Tezos Trader

if someone can take your gold then you do not own it

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Tezos Trader

there are plenty of articles on why rich prefer physical gold ownership to etfs and other derivatives

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