Post
Topic
Board Economics
Re: Bitcoin has defeated gold
by
jaysabi
on 04/02/2018, 14:52:16 UTC
of course bitcoin has defeated the gold in the business market. The rate of generation rate of money of the bitcoin is high then gold in a specified time. The user of the bitcoin are so many time of the gold. Gold user are limited while bitcoin user are unlimited and growing day by day.
For me i think there is no comparision of both. Although gold stability will be better to compare real products you see in daily life but bitcoin is best stock in the world according to me because price value of it. We need to check the ounce of gold rare with bitcoin. It's value is more than a ounce of gold now. I suggest you to invest on btc to see the better profit than gold.

Why is an oz of gold directly comparable to 1 bitcoin?

Why not a grain, gram, oz, troy oz. tael, tola, kg or tonne?

Because mindless pumping post is going to mindlessly pump. The distinction used is arbitrary and selected primarily so that one can say that Bitcoin has "defeated" gold. In reality, there's no objective measurement to make such an assessment. Price rise does not indicate that one asset as defeated another. Further, where bitcoin and gold most closely align (as a store of value), gold - which is a fairly volatile asset at times - is far more stable than bitcoin, so there's very little case to be made that bitcoin is a superior store of value either.