Quote from: rekinthis on May 08, 2016, 11:13:14 AM

Quote from: Kprawn on March 28, 2016, 03:42:13 PM

A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you

do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think

that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about

60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain.... Wink

i don't think that gold is better than bitcoin, gold is now pretty old and it is stable, so it would take long time to get profit from it, so many people started to use bitcoins

and it is good for bitcoins too,as more buyers means larger price, some people buys other cryptos like etherium, but they still like it more than gold, as it give more profit and faster

Yeah bitcoin allows us to make quick profits, but in gold you need to wait for a longer time as price fluctuation is not as high as bitcoin and gold is more stable.