Post
Topic
Board Economics
Re: Is gold better than Bitcoin?
by
ekoice
on 15/05/2016, 17:57:42 UTC
i don't think it is entirely right to compare gold and bitcoin together. both of them have similarities as an investment so you can compare them in that aspect but bitcoin is much more than just an investment so that makes it different from gold, different better that is.

Correct their are similarities; mining, investinet etc. but they are also very different. Bitcoin is mainly meant for creating transactions, alas being a payment method (a currency). While gold is used to back up currencies, since it is very stable.

Perhaps you are right, but people will always compare things with each other. And since they carry similarities it's not more then logic to compare them. It's too bad that bitcoin will lose since gold is the 'master'. But don't feel sad: the EURO, Dollar etc. will also lose.

If gold will rise in future then bitcoin also has an potential to go higher in future, its just a matter of time and we will see much better bitcoin in future.
I think there is a nice comparison between bitcoin and gold since they both increase time to time but good thing is that bitcoin will always rise when gold price will increase.