Quote from: Similificator on April 14, 2018, 06:40:40 PM

Quote from: totol05 on April 07, 2018, 01:15:02 PM

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

It is as easy as this, when people need a thing, like a thing, or are amused by a thing, that thing will be important. Hence, it will have value. But as to how much value it will have will depend entirely on how people are driven into it or how much they need or want that specific thing. This is the case with gold and bitcoins. But really, I would prefer to have both if I could than to even chose between the two which is completely dumb. But that's just my opinion though.

Bitcoin has already replaced gold.Gold has become outfashioned and people are involved more in bitcoin due to its high profit margin.Bitcoin is the topmost cryptocurrency and its price is also very high even though there is a fall in price.Bitcoin's price is very volatile and this is the main factor why it is preferred over gold.Gold is very stable so the profit rate is very littile or nil.People having bitcoins hold them for future price rise.Bitcoin has also captured the market.