we konw that gold price is historycally stable, now we hope bitcoin's price can be more stable in the long for its widly accepted in busisness.
i think we have fath for gold because it is unique on this planet,different from any other metal.
is bitcoin unique forever as crypto tech develop ?
"Almost all the gold ever mined is stored in the form of bullion and jewelry."
is quick circulation good for bitcoin's price or value?
any thoughts? thanks.
Cypherdoc hasn't posted here yet? He'll smell the word gold and be here shortly.
How has the price of gold been historically stable. Just the opposite. Bitcoin doesn't have the ability to be stable yet and won't for a very long time.
Only idiots have faith in gold over time. You can lose as much money speculating on gold as you can on Bitcoin. Bitcoin is unique only as it's the first one and started the craze. I don't think it will be the last iteration of crypto coin or eventually even the most popular.
How a commodity is stored is immaterial to its value. Value isn't derived from storage method.
The amount of money in a nation's money supply is crucial to the health of its economy. If there is not enough money in circulation, the economy cannot grow. This basic premise should hold true for Bitcoin if Bitcoin is currency but you are comparing it to a commodity. So basically you're saying it's not money.
If you want to compare Bitcoin price to a commodity you should look up price charts for the now defunct pork bellies market. The charts look real similar.