Quote from: Eddyc on Today at 01:10:09 AM

Quote from: Baofeng on December 03, 2020, 11:31:03 PM

Quote from: mrasel5t5 on December 03, 2020, 01:23:00 PM

I call Bitcoin a gem. Because once paper money will have no value. The only reason behind not having the price of paper money. People's interest is changing day by day. Now people are leaning towards digital transactions. Now no one wants to do cash transactions. That is why the importance of cryptocurrency has increased a lot.
Bitcoin is a currency. Which you can use it for any purpose at any moment in any place. Just one transaction. In my opinion, the government of every country should give legitimacy to cryptocurrency. Has already given legitimacy from many countries.

What do you mean? Bitcoin is already a gem, the problem is that people keeps ignoring it, calling it a ponzi scam. But how time flies isn't it, now institutions are seeing it as more of a reserved assets, while individuals are using it to hedge their wealth into it. That's why the price keeps going up and may hit another all time high at the end of the year or eventually next year. A lot of exciting things ahead of bitcoin market.

I fully agree that Bitcoin is already a gem because it's considered a new advent and we can agree that gold is becoming obsolete and Bitcoin can take the place and become a store of value. Anyway, we are slowly seeing this happen and prices prove it. Another important point is the level of membership that is growing every day, further strengthening the claim to be a gem.

I agree that bitcoin is the next digital god, but I would not say that gold is becoming obsolete though. It's been here for thousands of years, government around the world has a lot of gold reserves and it has been tested on the worst situation ever, specially in war wherein gold was the primary asset and as a hedge. So both bitcoin and Gold can co-exists with each other, each one has its own benefits and advantages.