Post
Topic
Board Economics
Re: Bitcoin or Gold? What would you pick?
by
BTCevo
on 20/08/2015, 16:47:06 UTC
of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss

Gold is on the verge of a new bull run, just wait and see Wink

yeah i know, i didn't say anything about how bitcoin is performing better because of the last big dump that happened for bitcoin, but the difference is that bitcoin is still new it can rise many more times, or at least there is the potential for this to happen

with gold you have a decrepit old man that it may not see the light anymore, if you know what i mean

BTC also has the real potential to go to ZERO too whereas gold does not, the decrepit old man isnt going anywhere.

If there is a adoption I dont think btc will going down to zero, most whale will not let this to be happened. Gold will never hit zero because people are already using it thousand years ago and everyone knows already. So bitcoin and gold are not in the same condition if you compare to its price. Bitcoin just need some time to become popular