Post
Topic
Board Economics
Re: Bitcoin vs Gold: The Age Old Debate
by
cysive
on 06/03/2015, 04:13:31 UTC

Why not?  They are stable now, this year pretty stable

all markets have downtrends. gold didn't reach its 1980s high until 25 years later.

if gold can lose 50% of its value and have a multi-year downtrend, why can't bitcoin?

Well bitcoin can aswell but bitcoin went from 1200 to 200 in a year thats a 600% not 50%

Who taught you math?

1200 to 200 is a loss of 1000 or an 83% loss.

Even if you do the math from a 1000/200 ratio, that's 500% not 600%.

-C.