Why do they even need to be compared? One does not have to be better than the other. Gold has been around for millenniums, and Bitcoin was never meant to emulate it to any degree.
There are a lot of factors in play. Gold, obviously, is much much more stable, given the fact that it has been around for nearly as long as humanity, making it a perfect storage of value. It has inherent value and that same value is recognized by just about every single person in the world. Bitcoin, on the other hand, is volatile, but is continuously growing, making it much better suited for investment. Currently, not everyone is aware of it, not everyone believes in it, and not everyone would accept it, but it has the advantage of being capable of being transferred electronically. They cater to different needs.
They're both going to be around for a long ass while, and are not in direct competition with each other.
I agree. |
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The propaganda within NK is strong, but it is not all controlling. There are numerous reports stating that the people are waking up and control is waning. However, it is still so powerful, that the man on the street there can do nothing. If there is war, there will be massive bloodshed.
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Is there a danger in October as many believe there could be? Four time best-selling author James Rickards says “yes,” and it comes from increased tensions with North Korea. Rickards says, “We have a window from October 10th to October 21st. What is the significance of that window?
October 10th is the anniversary of the communist party of North Korea. Kim Jong Un is getting ready to test more missiles. . . . We have two catalysts: the anniversary on October 10th and war games (with South Korea) on October 21st. In that window is when I expect one or more missile tests. That’s going to be another wake up call to the markets.Click here to watch this video:
https://jimrickards.blogspot.ca/2017/10/james-rickards-north-korea-thinks-us-is.html
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This is just a symbolic move and probably another provocation from Trump in order to infuriate Kim Jong Un. What is the use of B-53 bombers now? Even if the Americans want to nuke the North Korea, do you think that they will be using the B-53? There are much better options, such as the land-based and the submarine-based ICBMs and modern bomber jets.
You are likely correct in this. Trump is playing a massive head game with NK at the moment, whether or not it goes hot is yet to be learned. Some say that the West cannot afford to let them grow their arsenal any further. |
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As long as tensions don't escalate too highly, then yes, it may be good for cryptos. What may also be good for Cryptos in the long run, is the widening gap between the US and Russia and China. This is leading to more and more countries abandoning the US dollar as the foreign reserve currency of the World. Which will cause more to flow into BTC.
The other side of the coin is, if we go full Nuclear, that isn't good for anything, including BTC.
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Lucky for me I'm too poor for that, I basically live in the gray economy. Still, once all those financial institutions fail, I know I'll be dragged down as well, like it or not.
Unfortunately, as we seen in the 2008 crisis, their reckless actions can affect us all. Even if your not partaking in the fiat based market system. |
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The US Air Force Chief of Staff announced that for the first time since the end of the Cold War, 26 years ago, the 60-plus year old B-53 bombers would be placed back on 24-hour watch, ready to take off and drop nuclear bombs at a moment's notice. Are these just weapons in search of a war?Click here to watch this video:
https://goldsilvernews.blogspot.ca/2017/10/ron-paul-cold-war-has-returned.html
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many Economists in CNBC say bitcoin is burning money and they talk about many reason which not understand it
So what do you think about tha
Ask yourself this, when were the pundits on CNBC right about anything important? The dot com bubble? The 2008 housing crisis? Enron? Nope, nope, nope. Ignore them, you will improve your health. |
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You may need to engage in a few additional steps, but as people are stating, there is 100% ways to get to the same end result.
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I'm also very excited about this. The future of BTC is bright indeed!  |
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I don't see why not, it will be interesting to see how many people choose to use their BTC for this purpose. I truly do hope that we return to the day when people begin to spend their BTC more, like they use to.
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So many people have claimed this before. Highly unlikely. Both have their place in portfolios, to disregard golds history is a big mistake.
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Well, obviously he is incredibly wrong and the market is proving that to him.
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Governments could definitely make our lives very very difficult, which would have a huge impact on the price of BTC. But fully shut it down? This is nearly impossible.
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I personally enjoy getting the raw information I find here on the forums and on twitter. News travels fast.
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This would be a stunning thing to see, but I just can't wrap my brain around it ever reaching that number. Would be insanity obviously.
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