Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin Replace Gold ?
by
Lazada
on 08/04/2018, 23:58:24 UTC
Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter
For me gold and Bitcoin are the same thing because it can be an investment. But for now I think that Bitcoin is much more worth it because it has a high fluctuation rate so that we can get a fairly large profit margin so it is suitable to be a long-term investment and short-term investment. While gold is much more suitable for long-term investment because the price is quite stable, but still the gold price increase is not too high. Yes gold more offers us to a security in making investments.