Post
Topic
Board Economics
Re: Gold exist 1000+ years. while bitcoins exist 10 years.
by
legenduim
on 04/06/2019, 18:21:08 UTC
Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Also the internet existed about 25+ years. Bitcoin price is higher than gold by over 200%. I think the value of Bitcoin is going to sky rocket once again. When technology gets more advance n the Bitcoin system upgrades. Just another speculation.

The rate of technological advancement gets faster over time, so that 10 years is a very long time span for an innovation like bitcoin. Still, bitcoin has plenty to prove as a nascent technology, but the fact that today it's more expensive than an ounce of gold is an indicator of its potential if it is to gain mass adoption. Every day that it survives it gets stronger.
In comparison to time period of existence and its growth period, bitcoin has experienced a massive growth in a much shorter time period. With gold the same took years and years and if bitcoin survive such a long number of years surely bitcoin will get served everywhere. Starting as a transaction token to an universal currency. As advancement is a continuous process years of survival surely makes the bitcoin along with other cryptocurrencies get stronger and stronger.

Today, the world has been developing with the speeds that seem really fantastic! 10 years for Bitcoin is really much. This is proof that the cryptocurrency is useful, it is needed now and in the future. You can keep gold if you want, but work with crypto making profits.