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Author Topic: it is possible Bitcoin = gold ?  (Read 2006 times)
rb26
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September 10, 2017, 07:03:53 PM
 #41

As we know that the gold in this world from the long time so about every people in the world are using the gold but If​ I will take Bitcoin in the consideration that what will happen after hundred years with bitcoin if everyone will use it
 will it will be possible that the condition of the Bitcoin  will  become like the gold which is stable and not much profitable .

I prefer Bitcoin > Gold.

Bitcoin is on a different level compared to Gold when it comes to its price. Bitcoin is far too volatile so it can easily surpass any type of asset, like gold. If everyone will use Bitcoin then the demand will soar high and along with it is the price of Bitcoin. Stability is another story. If people will use Bitcoin for transactions and will not hold it as an asset then we can say that Bitcoin might get stable. But if it will be treated as an asset until that point, the volatility will just increase.

smurfik32
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September 10, 2017, 07:51:41 PM
 #42

Of course I would like bitcoin to become equal to gold but it's impossible. Gold is something that is not going anywhere.And bitcoin still needs to earn trust.
Von Braun
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September 10, 2017, 10:09:40 PM
 #43

Gold (and especially gold coins) is a medium to exchange value, blockchain currencies are medium of exchange as well. In some cases gold is better, in some cases block chain currencies have the advantage. If you have enough assets, the sensible thing would be to own both. At the moment, bitcoin and other blockchain currencies seem to be going though much more appreciation (and volatility). In such a case your portfolio will be weighted towards blockchain currencies.  My understanding is if all the gold in the world where in one place would only fill two Olympic swimming pools. The supply of blockchain currencies is for all intents and purposes unlimited. That is why so many observers fear a bubble.
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September 11, 2017, 02:43:25 AM
 #44

As we know that the gold in this world from the long time so about every people in the world are using the gold but If​ I will take Bitcoin in the consideration that what will happen after hundred years with bitcoin if everyone will use it
 will it will be possible that the condition of the Bitcoin  will  become like the gold which is stable and not much profitable .
I think currently bitcoin is already very valuable. When compared to gold then I think bitcoin has the same level. Bitcoin has a lot of enthusiasts. So this will make the bitcoin more popular and will also be more in demand than gold. Bitcoin is much more valuable than anything else.

You have long term vision. Bitcoin is the best as compared to gold.Some will say gold is greater than bitcoin due to stability of price. But I won't accept that.Why because, the price of bitcoin will reach the peak twice in a week. If you inverse means, you will get double or triple Profit on that week.But this is not possible if you inverse in gold and all.
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