Post
Topic
Board Economics
Re: Bitcoin or Gold? What would you pick?
by
zedicus
on 15/08/2014, 01:42:16 UTC
Traditionally, investors are turned to gold to protect their wealth. But because of the weakness of gold over the past 24 months, famous Bitcoin is arrived which offer the potential for a store of value, low transaction costs, free movement, and anonymity. It have some advantages over conventional currencies. it allows peer-to-peer transactions that completely avoid the expensive and cumbersome bank-run electronic payment.
24 months is a very short period when compared to the hundreds (some people think thousands) of years that gold has been used as a form of money. With bitcoin on the other hand 24 months is roughly 40% of the amount of time it has been in existence. As a result investors will likely be much more willing to wait for a rebound in the price of gold then they would be in the price of bitcoin.