Bitcoin was ‘Good as Gold’ in the Brexit

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Topic: Bitcoin was ‘Good as Gold’ in the Brexit (Read 970 times)

etparle

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Re: Bitcoin was ‘Good as Gold’ in the Brexit

June 28, 2016, 04:07:28 AM

#21

Quote from: ETFbitcoin on June 28, 2016, 03:53:44 AM

Unless someone can show that bitcoin is 'Good as Gold' in there, i think we won't see bitcoin price affected by Brexit.

I'm not sure about that financial instability means that people will look to some means of storing their money like precious metals or bitcoin

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rphk

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Re: Bitcoin was ‘Good as Gold’ in the Brexit

June 28, 2016, 04:45:21 AM

#22

as i know gold and Stocks are always dependent on global economy and any issues. If any issues immediately stock market and gold will react . gold is always suggested as hedge against inflation , i.e when stocks falling immediately gold price increase as the demand more buying on gold.but i am not sure on bitcoin , it is mentioned as independent currency .

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Re: Bitcoin was ‘Good as Gold’ in the Brexit

June 28, 2016, 09:04:13 AM

#23

The high volatility currently, will scare some people away from using Bitcoin as a replacement for gold as a safe heaven. If Brexit happened 3 months ago, when there were less volatility, I would have agreed with you. Gold has been the traditional safe heaven for investors for years and it will always be, until Bitcoin can prove them wrong. ^smile^

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