Post
Topic
Board Economics
Re: The History of Gold and Silver Points to the future of Cryptocurrency
by
Sum24
on 16/04/2019, 21:08:05 UTC
Bitcoin is somewhat similar to gold, because it is like the precious metal is only in limited quantities.
Gold mined around the world today is about 171 thousand tons and it is not so easy to print as dollars or any other bill.
Therefore, if in the near future the world begins to regulate bitcoin, it will only grow in price like gold every year. (although until now the price has been rising for 10 years)
It seems to me that the history of the use of gold and silver by mankind is in no way connected with the history of the development of cryptocurrency, and even more so with its future. Still, these are completely different and incomparable things, and in most factors being compared, they are just the opposite.
Gold and silver will always remain precious metals, and what will happen to the value of Bitcoin, we can not say for sure yet. The statement that its price. will constantly grow, is unlikely to be true. In practice, this will not happen.

You're dead wrong - like gold bitcoin is mined. It is scarce with mild inflation, and in practice deflationary. It is thus a store of value like gold. Hence, bitcoin is digital gold.
It is your thinking gold is not like bitcoin, according to me gold is much low in value as compare to bitcoin, silver is good but it is less in value of gold and gold is less in value of bitcoin, crypto currency has better future as more investors are investing only in bitcoin not in gold or silver, we should try to accept the reality of time and invest in best investment which is bitcoin,