Post
Topic
Board Economics
Re: Gold exist 1000+ years. while bitcoins exist 10 years.
by
logicgate
on 11/11/2019, 08:01:56 UTC
We need to stop this obsession with gold. IMO, gold and cryptocurrency are entirely different assets. Gold is not a threat or a competitor for Bitcoin (and vice-versa). I would go one step further and say that even fiat currency is not a competitor of Bitcoin. Since Bitcoin is being used as an investment asset, the real competitors are other assets such as real estate, equities.etc.
  Thank god! There are people who understand that this comparison of blockchain technology coin with gold is absurd. These two types of assets have nothing in common and they could never be on same ground for comparison. If you are using bitcoin as investment asset, then go for the markets that are providing same opportunities and if you are using it as fiat, then it is sensible to compare it with fiat.