Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is comparable to gold
by
iamTom123
on 16/10/2017, 14:01:31 UTC
Today, Bitcoin hit a new high, Bitcoel prices once soared to more than 27,000, is to go to 40000, since 2000, since the special currency gradually affect the world. At the same time the emergence of Bitcoin not only for the broad money investors to bring the opportunity to make money, but also sent a block of this great product, the current look at the bitcoin can be said to survey than gold.

Reading your post make me squirm a little bit nonetheless I think I know what you are trying to convey that Bitcoin is now considered to be the digital counterpart of the physical gold mostly in terms of price and function as a safe haven and a store of value. There are many similarities between gold and Bitcoin though there are also difference like the fact that we can not see Bitcoin physically. Gold can be seen and has weight while Bitcoin exist digitally much like an eBook.

Bitcoin has already surpassed gold in terms of price and since it is really limited its value can continue on surging before it would reach a certain plateau and that's when things will get stabilized and volatility rate can slow down. Of course, there are many who are questioning how can something that is only existing digitally can be given such a good value. And it should not be a big wonder why these people may call Bitcoin as just another bubble or fraud because many of them can be disrupted or their industries can be somehow affected by it.

Definitely, the growth and the potential for more growth of Bitcoin is now catching the whole world like a wildfire!