Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is gold?
by
speeder
on 21/04/2018, 17:12:06 UTC
I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?
Currently Bitcoin hasn't lost its value so I think we can say that is gold, right now but in future i don't think so.I say this because it's not something stable and it's value can drop whenever, like if it will be a war or a cataclysm for example.