Quote from: Panchum on November 17, 2018, 11:14:53 PM

Quote from: MasterCoinBit on November 16, 2018, 09:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

I should choose bitcoin because l will never stop looking forward that bitcoin will help me to attain all my goals in life to be rich.This is the only way to reach my goal in life.

Bitcoin is great, but for me, it is a bit foolish to choose only the cryptocurrency, which will always be volatile. Gold has pretty stable prices, and the money can be placed in a good bank. I'll pick all 3 of these options.