Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is gold?
by
dancingnancy
on 21/04/2018, 21:33:03 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?
Gold is completely stable and has a huge support base from laymen. It's one of the most valuable investments. Btc is not like gold as it's yet to be completely stabilised I.e it has improved in stability but the rates can be improved even further. Gold for the record is also traded on a larger scale. Btc is useful for higher profits but riskier too.