Post
Topic
Board Economics
Re: Gold exist 1000+ years. while bitcoins exist 10 years.
by
BitHodler
on 27/01/2019, 15:04:32 UTC
WTF?1000 years?Hahaha...
Gold exists since the creation of Planet Earth,or maybe since the creation of the universe.
Gold is used as a store of value+currency for about 4000-5000 years.
1000 years is nothing.It's the medieval times.S'moon man,don't make me laugh,read more and don't make stupid/ignorant posts.
What's the point of making fun of OP? He's obviously referring to its use as a form of money and value storage in the more 'recent' times. I think your comment is more indicative of ignorance than OPs post.

Bitcoin can rise in value much more quickly as compare to gold. Gold is sort of steady moving assets with no use case other than to hold it. Bitcoin, on the other hand is very much in use in a lot of places like trading, gambling and more importantly as a payment method.
Gold doesn't move as much as Bitcoin does because it's in a league of its own as developed and super liquid asset. Bitcoin isn't a developed asset, nor does it provide the liquidity needed to satisfy large movers.

Bitcoin has a long way to go to be on the same level as gold, but the possibility is definitely there. Just keep in mind that it won't be easy to shift from +90% speculation to something that's more focused on use and utility.