Post
Topic
Board Economics
Re: Bitcoin, Gold or Money?
by
mitch1212
on 25/11/2018, 22:37:29 UTC
So Bitcoin is designed.................
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.
yes, bitcoin is like gold, but it is very different because the value of bitcoin fluctuates and gold is stagnant, 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.


I agree with you bitcoin is like gold. But GOLD DOES FLUCTUATE.

GOLD PRICE (Ounce)

1920: $253
1940: $615
1980: $2,129
2001: $383
2018: $1,310