Quote from: HolyPizza on November 22, 2015, 08:52:41 PM

Quote from: Mickeyb on November 22, 2015, 07:57:49 PM

OP you made me laugh!

I seriously believe that this won't ever happen! I mean we are talking about Bitcoin, don't you remember?

very true haha.

Quote from: PolarPoint on November 22, 2015, 08:00:51 PM

If price is this stable for 2 years, bitcoin will be the new gold standard. Everyone would use it to store value, merchants will price goods in bitcoin without changing the price every week. It will be good for bitcoin.

It is already way better than gold for investors. It has almost the same amount of risk, just that it is more volatile which is good to make profits.
It is only bad for normal everyday life consumers. In which, they do not use bitcoins as an investment but as a currency.

Regards,
HolyPotato

None of this is true, from either posters. Stability for another 2 years will not make this the new gold standard. Bitcoin will need long term stability (decades) before it can be considered a gold like standard to store wealth.

Nobody invests directly in gold, as that is not its purpose. In terms of risk, gold will not drop to $0.00 at this point of our collective society, however bitcoin could die within a few years.