Quote from: pinkflower on July 07, 2017, 07:23:09 AM

Quote from: roadbits on July 06, 2017, 08:57:26 AM

Quote from: pinkflower on July 06, 2017, 07:34:52 AM

BTC flippening gold doesnt really mean anything. Markets always go up and down and gold will find its luster back again as soon as theres bearish sentiment in the traditional markets around the world. Gold has always been one of the safest investments for thousands of years. That wont change flippening or no flippening.

You are right no coins will replace gold. It is a universal asset. And where you go in this world it has value. And all over the world, it has investors. You are right this is the safest investment for thousands of years. Bitcoin is now entering the market, and it is gaining more investors but it won't flippening gold.

No, thats not what I meant. I meant even if BTC is worth much more than gold, it doesnt really take anything away from gold. Do you think the spot market for gold and other precious metals will crash simply because BTC has more value? No, of course not.

Each advantage has its own esteem and significance in the market which no other resource can supplant. Comparative is the situation with digital forms of money and gold. Gold has its own particular significance in the market in the market since it is a valuable metal and cryptographic money have its own significance of being the online cash having quick and unknown exchanges and buying any coveted or required item anyplace on the planet inside seconds.