Here comes another round of the naysayers saying "Bitcoin is dead" for the 800th time." Stock market loses 27% and nobody says "The stock market is dead."
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I buy PAXG only because I can buy fractional gold. I can buy silver coins for about $25, but I'm not dropping about $2k for coins to collect dust in my basement.
No. Ignore the comment I am replying to.
Bitcoin is in no way whatsoever fixed. It is not tied to or pegged at any other currency or asset--not even U.S. dollars.
He's saying you typically buy or sell bitcoins for fiat. So when there's a nice dip in an asset that you'll think will rise, it's definitely good to consider to purchase.
That wasn't my interpretation, but thanks.