Quote from: stayeduptolate on April 11, 2018, 07:38:36 PM

Quote from: tkbx on March 09, 2014, 06:21:54 PM

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

Its. True that bitcoin has gained a lot of popularity and users since it has started and bitcoin USBs at its topnof success. Bitcoin has also defeated gold in terms of price but still I dont think that bitcoin will be able to replace gold because firstly, gold is way more popular than bitcoins and has way more users than bitcoin. Then gold is accepted everywhere whereas bitcoin is accepted at limited places. Then gold is trusted by everyone whereas there are only few people who trust bitcoin.

However, the fact is the price of Bitcoin increased a lot, its ratio growth after the news about Syria vs U.S is higher than the ratio growth of Gold and other assets on the world.
Just after this news, the value of Bitcoin increased from $6,000 to $8,000 = 33% just within 2 days.