The history of Gold, Silver and other assets nearly follows the history of human existence. It's very wrong to compare metals to bitcoin because the only exists and is mined in real world and another one exists and is mined in virtual world. You compare two universe with two currencies to each other. All the humans exist in real world while only the 63 percent of population has access to internet. Almost 3 billion people don't have access to internet and day to day some of them join the virtual world, this 3 billion can be a game changer too in aspect of user experience and much more.
Also, I don't think that gold is stable. Have a look at this Statista Chart. You can clearly see that it was $612 in 1980 $271 in 2001. Then you can see how it slowly jumps from this point to $1668 in 2012 and then falls to 1160 in 2015. This is not stability to my mind. Also, you should always keep in mind that every year because of inflation, USD purchasing value gets weaker and weaker.
Bitcoin is too young to mature, it's just way too young. We only had 3 halving so far (out of the 32) and do you really expect stability from this coin?
Also, I don't think that gold is stable. Have a look at this Statista Chart. You can clearly see that it was $612 in 1980 $271 in 2001. Then you can see how it slowly jumps from this point to $1668 in 2012 and then falls to 1160 in 2015. This is not stability to my mind. Also, you should always keep in mind that every year because of inflation, USD purchasing value gets weaker and weaker.
Bitcoin is too young to mature, it's just way too young. We only had 3 halving so far (out of the 32) and do you really expect stability from this coin?
Very interesting observation. There seems to be some series of price fluctuations in Gold, even though it gave us the illusion of stability. Anything that's speculative or traded on the open market is prone to wild fluctuations in price. Bitcoin is not exempt from this rule. While the pioneer cryptocurrency has achieved a lot over the years, it's still relatively new to the mainstream world. There are a lot of things to be improved in order for Bitcoin to become a "force to reckon" with.
Fortunately, we have stablecoins to save us during a "rainy day". As long as you're able to make a profit regardless of Bitcoin's price, nothing else matters. Just my opinion
