Quote from: rayhan on June 15, 2015, 05:58:53 PM

Quote from: jayce on June 15, 2015, 05:54:06 PM

Quote from: dominicg on June 15, 2015, 05:25:34 PM

Quote from: bryant.coleman on June 15, 2015, 10:17:19 AM

Quote from: JarvisTechnology on June 15, 2015, 08:56:20 AM

I will choose Bitcoin. This is the currency here to stay for a long long time. Surely, in a year or two it will establish itself in the e-commerce market and then you will be able to buy from bitcoins, which you cannot do it by keeping gold.

Bitcoin and gold are having different functions, and therefore I don't know whether we can compare both of them. Bitcoin is a currency, which should be used for day-to-day expenses. On the other hand, gold is an investment asset, for which the main function is the protection of wealth. (That said, Bitcoin can be used for protecting the wealth as well, but it is it's secondary function).

Well gold has been used for day-to-day bargains. It is still being functioned as the same in some countries. But soon the gold-mines will get exhausted and most of the gold we will see will be either in government banks or in computers. But bitcoin or a crytocurrecy will stay.

So, if in future there is no any gold-mining more, I think the price will go higher and the gold handler can be rich immediately. There are some factors that can affect btc price, and we don't know whether in future the price will raise or drop because of the factors.

Or it might go in reversal. Due to lack of gold, governments might scrap it totally and make it worthless. On the other hand, because of the factors affecting the bitcoin prices, governments might accept it completely and bring them in the mainstream economy.

Yeah, if the government can scrap the gold, so they can do that to bitcoin too if they get controlling about it. That's why the bitcoin can't cooperate with government since it decentralized.