Post
Topic
Board Speculation (Altcoins)
Re: BTC vs Gold??
by
South Park
on 13/05/2018, 18:56:41 UTC
Nowdays, BTC become so popular. Some people didn't expect that the price will be so high.
But, can BTC survive in the next 10 or 15 years. Because 'maybe'  crypto currency just a trade mark for today and will be changed with other 'currency' next year.
And the price of BTC will be drop extremely.
As we know golds like a parameter to measure the inflation.
Price of golds always following the economy global changes.
Imagine if you have $ 1M, Which one you want to choose?

Things are not so simple, some people use the argument that a new coin that is a slightly better than bitcoin will appear and then it will be replaced, but while bitcoin is a technology at the same time it is still a currency, and if you take the time to look at the history of currencies you will see that a currency is not replaced overnight it takes a lot of time, so bitcoin is going to be the top cryptocurrency for a lot of time, and while gold will always have a value thanks to its limited nature I really feel that bitcoin is going to eat up some of the market cap of gold.