Post
Topic
Board Economics
Re: Bitcoin has gone beyond gold prices
by
wxa7115
on 06/05/2017, 19:43:26 UTC
In the event of war, when the Internet is disconnected, bitcoin will lose all its value, and gold will remain gold. Therefore, it is still more profitable to invest in it.
If we will see some kind of global conflict in the future then your best investment in that case should be food rations, water and armored shelter.

Not gold, other precious metals or stones, fiat money or any kind of cryptocurrency. Realistically lack of internet will take you back to the Stone Age.

If you are worried that war is serious eventuality then Bitcoin is not for you, so pile up your gold bars and wait in your shelter for Armageddon.


IMO it's wise enough to convert bitcoin into gold if major disaster happen espcially bitcoin reach another high value at the moment $ 1.400 ( preev)
I'm usually invest on bitcoin from my main salary and spend about 10% and when I sell my bitcoin , I'm bought gold and/ dollar for another investment


That is good,from bitcoin, you invest gold. Two good investments where you can grow your assets more. Gold is stable and even if you lose, you can mint your gold into something valuable. Bitcoin on the other hand seems continue to grow, good news to all bitcoin holder.

At the moment, these two investments are the most popular and very profitable. I keep money in gold and in bitcoin, it's very promising and helps to protect myself from losing money.

The investors of gold are higher then bitcoins as bitcoin is not known to many people yet so they prefer to invest in gold but people who knows bitcoin very well will always prefer to invest their money in both of them.
But if a person can only pick one because of his budget. I'm sure he will get bitcoin instead of gold because he will get decent profits within a year or so. In that way he can now buy gold while keeping his bitcoin capital .

I don't think we will go back to stone age just because of internet loss, The authorities won't allow internet to disappear unless they have something better . If ever it comes true . We don't have the same mindset like the people from stone age . Humanity is always growing and it won't grow in reverse .
There are some potential disasters that could make the internet disappear and no government will have the ability to do anything about it, also while we may have more knowledge than in those times people are not used to live like at that time, so many will not be able to make it.