Post
Topic
Board Economics
Re: Bitcoin, Gold or Money?
by
1Referee
on 16/11/2018, 14:29:24 UTC
yes, bitcoin is like gold, but it is very different because the value of bitcoin fluctuates and gold is stagnant,
Gold is one of the most liquid and developed markets in the world, of course it's stable/stagnant. Bitcoin is no match for Gold in that regard, where on top of that, it's an asset that has been around for thousands of years versus an asset that has been here just for a decade. Bitcoin needs time. It will be up there eventually.

I also think that bitcoin cannot be used like ordinary money because the amount is limited and its growing community will make its value continue to increase.
If you think in Satoshis, there is plenty of juice for everyone using Bitcoin, regardless of the price. Isn't it cool to have money that increases in value instead of fiat that keeps losing value?