Quote from: HeRetiK on July 22, 2017, 06:05:09 PM

Quote from: Dr Bloggood on July 22, 2017, 05:06:58 PM

Quote from: davis196 on July 22, 2017, 06:37:52 AM

I`ve seen this graphic posted on some other forum thread before.
There`s plenty of space for bitcoin to grow,but it`s wrong to compare it to gold.
Gold is used by the people for centuries.All the people without computer knowledge will trust gold,and believe me,most of the people in the world don`t have a PC,which means that they don`t know anyhting about btc and most likely they will never buy and use bitcoin.

It might make more sense to not take the number of people with a computer, but instead the number of people with an internet connection, which is about 3,6 billion people (and rising). That's pretty good. In the future, as people get more used to BTC, and younger people, who are more prone to adopt to new technologies, grow into BTC, I could see many, many people buying BTC instead of gold. Also, BTC historically brought a lot more gains than gold. Plus it's easier to store, hide and transport, etc...

Also, I only gave BTC 10% of gold, which is still quite a conservative number.

10% of gold may be a conservative number, but it's still a wild ass guess. Also while BTC has had a better yield than gold, it's still little more than a blip in the history of trade. Just as a caveat, I still like the odds.

Regarding most people never buying and using Bitcoin due to lack of computers or internet: Most people most likely will never buy stocks or gold either. People lacking access digital infrastructure even less so.

Totally, I agree with all of this.