Post
Topic
Board Bitcoin Discussion
Re: Bitcoin vs Gold vs Fiat
by
Mike Mayor
on 10/06/2019, 23:32:36 UTC
It only make sense to compare digital (Bitcoin) with digital (gold-backed Stablecoin)
I disagree. Both hold value which is why it makes sense comparing their values regardless of whether they are physical or digital in nature. Bitcoin will always be compared against its primary competitor which is FIAT basically.

That will help them to invest in every month, and they will see that their investment will give a big profit for a long time.
This could be a problem. You sound like you are guaranteeing profit which is not possible in this extremely volatile market. We need to help people view BTC as a currency primarily in order to improve adoption rates.

Yes. You don't need to have a currency backed by anything. It's backed by the value it's given and by its technology. I do think investors will make a good profit if they invest now. Bitcoin can only go up.
Yes is is true that we should teach people that bitcoin is a currency not a way to make money. But the currency is strong and new and the market has opportunity ofr profit. Only invest if you believe in bitcoin tehcknology