Post
Topic
Board Economics
Re: Bitcoin or gold?
by
Amph
on 30/06/2015, 11:31:40 UTC
still it is too much stable until now with this new pump, i was merely talking like how they look akin now with the bitcoin being stuck in the current range(remove the pump that is happening just recently, and that it started after my post) 230-250, for many months

The 230-250 range (which in fact should be something like 220-250) gives you +5% volatility, now compare that to gold daily highs and lows of being about 0.5-1% difference. If bitcoin became just less volatile, it doesn't mean that it became as stable as gold...

Personally, I think that even that is temporary

well i was never talking about perfectly comparison, i just said that it was akin to gold, in the last recent months

it is obvious you can't expect it to be exactly like gold it is, especially because bitcoin needs more years to achieve such stability

1% vs 5% is a pretty narrow difference for me


p.s. lol i said doge, i must have confused it with another post, fixed