Re: Will people come back to gold

Yea I agree, but no matter what, gold will always be more relevant now till bitcoin becomes very useful tohold as store of value. Gold has very little volatility and its also being regulated and For now, we know the volatile nature of bitcoin and until this volatile nature of his disappears before people can prefer it over Gold.

Quote from: Ozero on May 28, 2019, 04:20:24 AM

Bitcoin and other cryptocurrency practically does not perform this function and will not perform, because they have a very high price volatility. You can earn while in the cryptocurrency, but the reserve of funds is better to keep in gold and in banks.

Gold has very little volatility because it has been traded on the markets for centuries, and for the same reason it is regulated by very specific laws.

Bitcoin and the other crypto have the volatility for the opposite reason, that is they are too young, and for this reason the market has yet to understand and discover their real value; when this happens we will find few fluctuations and price variations in the market, which will be regulated and clear (like the traditional ones), as it happens today in the historical gold market.

But when this happens, you will have Bitcoin stable at around $ 10 million Wink

That could happen, just take gold into consideration with the value it has got in the early days to the present. Earlier people got it abundantly and when the available source got shrunken with more demand for the limited mined gold the market value began to increase. Similar is the fact with bitcoin and other cryptocurrencies. As years pass can expect good growth to happen with bitcoin as it gets a long history and regulated usage when more countries legalize its usage.

I think people will look for new sources of gold, even though they are running low. so there is still mining land for gold. different from bitcoin, where supply is limited, and can shrink. hence the conclusion, I think gold will always be trusted by everyone for investment