Quote from: Ridwan Fauzi on August 20, 2020, 06:14:34 AM

Quote from: Abiky on August 19, 2020, 10:27:13 PM

Nonetheless, both Bitcoin and Gold have their respective advantages/disadvantages. Neither can replace the other since they're apples and oranges. Bitcoin will continue to be the "Gold standard of crypto", while Gold itself will be tokenized on the Blockchain. People can put both assets to good use in order to enjoy financial freedom. As Bitcoin's popularity grows, more people will recognize it as a store of value. Just my thoughts Grin

That's true, there is nothing to compete with them. There will always someone who like gold because its charsteristic and it can be happen to bitcoin. Indeed, bitcoin still young and there still many people who don't against bitcoin but sooner when all of stuff become digitalized many people will aware of bitcoin. Until there will no anyone who consider that bitcoin's price will not go to zero value because many people already who will buy it in the lower price.

For an investor who is not bitcoin savvy, they will sell all bitcoins when they drop dramatically. Those who invest in gold will have the means to either hold them longer or sell them at a lighter loss than bitcoin. Bitcoin is risky, and not everyone is willing to put bitcoin in a portfolio. Maybe bitcoins are more stable if there is a mechanism governing them, but bitcoins are freely traded and vulnerable to news.