Post
Topic
Board Economics
Re: Bitcoin or gold?
by
Mickeyb
on 26/11/2015, 21:32:59 UTC
I think 2016 will be very good for gold Wink

it will be better for bitcoin, and because of this i believe that it will be bad for gold, many will dump to move on bitcoin

Look back at august 2015 China stock market crisis.
Commodities, secondary currencies, Bitcoin (risk assets) - down.
Gold - up.

Thats mean - if global economy will go down - gold will rise and price of bitcoin will go to south.

You are comparing here a brand new and for the masses yet unproven technology with the medium of saving value that has been used for thousands of years. I think this is little unfair towards Bitcoin.

Of course that people all around the world will still trust more into gold in the midst of the crisis. We will see a situation in about 5 years though! I am sure it will change a lot in Bitcoin's favor!