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Author Topic: BTC is Gold 2.0 – What humanity has been waiting for centuries  (Read 3192 times)
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January 29, 2017, 05:56:28 PM
 #41

It was supposed to be a global payment network, not a global wealth storage commodity!
I got the impression that some people seen to not care about that at all, as long price of BTC is 'good' and you can exchange bitcoin to fiat without problems.
Frankly speaking, Bitcoin is more fit to be global wealth storage anyway. Satoshi was probably aware that 10 minutes confirmation and 1 MB blocks aren't meant to replace top payment processors anyway.
We need adoption to make bitcoin a better payment solution but without network's capacity to serve this purpose it is a dead end.


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January 29, 2017, 05:59:25 PM
 #42

This is a good way for the current population to view bitcoin. Much easier for the general concensus understand what it is. Undecided

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January 29, 2017, 06:00:42 PM
 #43

It was supposed to be a global payment network, not a global wealth storage commodity!
I got the impression that some people seen to not care about that at all, as long price of BTC is 'good' and you can exchange bitcoin to fiat without problems.
Frankly speaking, Bitcoin is more fit to be global wealth storage anyway. Satoshi was probably aware that 10 minutes confirmation and 1 MB blocks aren't meant to replace top payment processors anyway.
We need adoption to make bitcoin a better payment solution but without network's capacity to serve this purpose it is a dead end.
This has always been something I've had in the back of my mind to be honest, considering that a lot of the statements regarding Bitcoin from Satoshi were about what happened in 2008 and how a ton of people lost everything they owned it makes sense that Satoshi intended for Bitcoin to build wealth and have it secure as opposed to have it be some new super currency.

I'm on the fence right now; Bitcoin could potentially go either way. Both have pros and cons.














 

 

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Wind_FURY
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January 30, 2017, 02:50:20 AM
 #44

A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  Roll Eyes As with

other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are

in the hands of a few developers and the consensus behind their decisions.
{miners and individuals running nodes}  Roll Eyes

You just made it harder to decide whether to go and depend in the hands of the Bitcoin developers and miners or go depend on the powers of the Illuminati. On one hand there is a possibility that our money goes "poof" and on the other hand you also have the same possibility.


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January 30, 2017, 04:50:31 AM
 #45

Bitcoin is the de facto cyber gold. It has many features similar to gold, especially the limit supply. Bitcoin is not really a day-to-day currency due to its limited amount. I invest bitcoin similar way as I invest gold.
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January 30, 2017, 05:50:46 AM
 #46

Bitcoin is far better than gold, gold was always risky like you have mentioned thief, government, and it was always risk prone. And at most times it would become stagnant to. I don't personally like taking the gold as a investment cause it isn't. I would prefer to keep Bitcoin as it is and not term it gold 2.0 rather have the government again questions us as to why are we keeping Bitcoin. Bitcoin so far has escaped the eyes of government but I wonder how long, till they make some stupid rules for it. I would however support your call for unity for Bitcoin.

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January 30, 2017, 05:59:19 AM
 #47


Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.

Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.

The only way to do this is by all agreeing that BTC is Gold 2.0

We dont need a new technology to pay the coffee.

We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.

If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not  let the humanity move to the Golden 2.0 Era.

Bitcoin is Gold 2.0

Let’s all work together

We do need a technology that would serve the people. The Satoshi White paper, called this a Peer-to-Peer Electronic Cash System, not a technology to store wealth or another commodity to replace gold. So Satoshi's goal for this was to replace the current "Cash" system.

We do not need any "war", the network of users will decide what they want from this system. ^smile^

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January 30, 2017, 06:14:43 AM
 #48

i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

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January 30, 2017, 02:16:11 PM
 #49

It was supposed to be a global payment network, not a global wealth storage commodity!
I got the impression that some people seen to not care about that at all, as long price of BTC is 'good' and you can exchange bitcoin to fiat without problems.
Frankly speaking, Bitcoin is more fit to be global wealth storage anyway. Satoshi was probably aware that 10 minutes confirmation and 1 MB blocks aren't meant to replace top payment processors anyway.
We need adoption to make bitcoin a better payment solution but without network's capacity to serve this purpose it is a dead end.

Not it could be both, and the block size can be increased to 2mb

https://www.strawpoll.me/12228388

Most people agree to a large blocksize, the consensus would be there.

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January 30, 2017, 02:42:32 PM
 #50

i am agree with the OP that bitcoin is gold 2.0 and we should work together to make it happen. the blockchain technology offering many benefits and value to do this and i think blockchain technology is solution for future but we need to spread bitcoin into many places so other people will know and they will using bitcoin.
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January 30, 2017, 03:39:31 PM
 #51

i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Bitcoin is truly golden
it is kind of virtual gold, great value and all popular
in the future, it will be the world's gold

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February 11, 2017, 02:11:53 AM
 #52


Bitcoin is Gold 2.0

Let’s all work together

It may be but that is actually not that positive thing to hear.
We all expect BTC to be the global currency that will become the global reserve currency.
But this wont be the case. Because if BTC is gold 2.0, then it will be used like gold, which means that only a small percent of the population will use it.
Do you see any vendors, merchants or supermarkets accepting gold? I dont see any.
So the same way, bitcoin wont be accepted either. I have only  1-2 services in my town that has BTC. It's pretty bad.
BItcoin might have value, but if people wont use it on widescale, then I think satoshi will be disappointed.
It was supposed to be a global payment network, not a global wealth storage commodity!


If there is only 1-2 merchants accepting it, it's because it's still not ready for user adoption...

Everyone will be using BTC to storage wealth, so it wont be only a small percentage of the population.

There other coins more suitable for the day to day payments, as buying a coffee or bread.




A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  Roll Eyes As with

other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are

in the hands of a few developers and the consensus behind their decisions. {miners and individuals running nodes}  Roll Eyes

Agree, we're in the hands of a few devs and miners. That's the riskier part.






You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.


Bitcoin wont be the world's number currency until it's ready to be used by the whole population. Lacks development and it will take time.
But we all need to work together in this direction. No internal fights

Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?

You forget to mention that is the first digital scarce good created by humanity.
That makes it very similar to gold in terms of scarcity. Therefore as a store of value.

I agree, But it is still early for the human kind to accept it, needs a lot more advertising from everywhere, right now it is in a very closed environment, bitcoin needs worldwide tv commercials like coca cola, easy explanations, easy apps for smartphones..

You're absolutely right

Bitcoin sho is lightweight,  I give it that.  But it don't have no advantage ova tha gold thieves.  Hail, you got the damn exchanges runnin' away wit people's dough!  This ain't no binary dilemma we got here.  Gol' can exist side by side wit bitcoin, jist like we coext wit the squirrels up inna treetops.  Its a big ol' world an' they's lotsa room in it fo' evverthang.

it will coexist with gold, atleast for some generations


This seems like a reasonable way to look at Bitcoin and gold.

Gold has a long history as the world's premier Store of Value.  Gold is pretty easy to understand.  Bitcoin has not been around very long, and as we have seen, there are a variety of issues & problems not being resolved quickly.  It is too early to say whether Bitcoin will become universally recognized.  An altcoin conceivably could come along and displace it.

Bitcoin and gold share some properties.  But, they are two different "vectors" if you will.  BTC is a nice innovation, and might very well change history. 

But the story is not written yet.

Thanks. And yes, we have to write the story and make history  Wink








Bitcoin is the de facto cyber gold. It has many features similar to gold, especially the limit supply. Bitcoin is not really a day-to-day currency due to its limited amount. I invest bitcoin similar way as I invest gold.

Well done. And yes, there are more suitable coins for the day-day payments.






Bitcoin is far better than gold, gold was always risky like you have mentioned thief, government, and it was always risk prone. And at most times it would become stagnant to. I don't personally like taking the gold as a investment cause it isn't. I would prefer to keep Bitcoin as it is and not term it gold 2.0 rather have the government again questions us as to why are we keeping Bitcoin. Bitcoin so far has escaped the eyes of government but I wonder how long, till they make some stupid rules for it. I would however support your call for unity for Bitcoin.

I guess you're right, the goverment will try to regulate it as soon as they realize what is really BTC.  Angry
That's another reason to call for unity







Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.
Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.
The only way to do this is by all agreeing that BTC is Gold 2.0
We dont need a new technology to pay the coffee.
We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.
If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not  let the humanity move to the Golden 2.0 Era.
Bitcoin is Gold 2.0
Let’s all work together

We do need a technology that would serve the people. The Satoshi White paper, called this a Peer-to-Peer Electronic Cash System, not a technology to store wealth or another commodity to replace gold. So Satoshi's goal for this was to replace the current "Cash" system.

We do not need any "war", the network of users will decide what they want from this system. ^smile^

Bitcoin is the oldest, most secure and therefore the most trusted cryptocurrency, that makes it the place where people is gonna put his savings. Therefore, gold 2.0.

There are other coins more suitable for the d-d payments






i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Thanks. And I do agree with you and I hope it happens  Smiley





i am agree with the OP that bitcoin is gold 2.0 and we should work together to make it happen. the blockchain technology offering many benefits and value to do this and i think blockchain technology is solution for future but we need to spread bitcoin into many places so other people will know and they will using bitcoin.

Agree. We need to spread it but with a united message.
BTC is Gold 2.0






i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Bitcoin is truly golden
it is kind of virtual gold, great value and all popular
in the future, it will be the world's gold

Agree with you!!


Vaskiy
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February 11, 2017, 02:26:11 AM
 #53


Bitcoin is Gold 2.0

Let’s all work together

It may be but that is actually not that positive thing to hear.
We all expect BTC to be the global currency that will become the global reserve currency.
But this wont be the case. Because if BTC is gold 2.0, then it will be used like gold, which means that only a small percent of the population will use it.
Do you see any vendors, merchants or supermarkets accepting gold? I dont see any.
So the same way, bitcoin wont be accepted either. I have only  1-2 services in my town that has BTC. It's pretty bad.
BItcoin might have value, but if people wont use it on widescale, then I think satoshi will be disappointed.
It was supposed to be a global payment network, not a global wealth storage commodity!


If there is only 1-2 merchants accepting it, it's because it's still not ready for user adoption...

Everyone will be using BTC to storage wealth, so it wont be only a small percentage of the population.

There other coins more suitable for the day to day payments, as buying a coffee or bread.




A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  Roll Eyes As with

other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are

in the hands of a few developers and the consensus behind their decisions. {miners and individuals running nodes}  Roll Eyes

Agree, we're in the hands of a few devs and miners. That's the riskier part.






You are absolutely right. Bitcoin is Gold 2.0 so tell me why people fail to realize that and are trying everything to destroy this invention?
If we would focus on one goal, unite every cryptocurrency enthusiasts under one roof, bitcoin would be number 1 world's currency by now.


Bitcoin wont be the world's number currency until it's ready to be used by the whole population. Lacks development and it will take time.
But we all need to work together in this direction. No internal fights

Why do most of the people in this forum, even the Legendary ones think Bitcoin is synonymous to gold? Whenever Bitcoin is mentioned the first thing that comes in their minds are "wealth" and "earnings". Let those people out of here and bring back what it is all about. A censorship resistant, decentralized currency. Do you know what that means OP?

You forget to mention that is the first digital scarce good created by humanity.
That makes it very similar to gold in terms of scarcity. Therefore as a store of value.

I agree, But it is still early for the human kind to accept it, needs a lot more advertising from everywhere, right now it is in a very closed environment, bitcoin needs worldwide tv commercials like coca cola, easy explanations, easy apps for smartphones..

You're absolutely right

Bitcoin sho is lightweight,  I give it that.  But it don't have no advantage ova tha gold thieves.  Hail, you got the damn exchanges runnin' away wit people's dough!  This ain't no binary dilemma we got here.  Gol' can exist side by side wit bitcoin, jist like we coext wit the squirrels up inna treetops.  Its a big ol' world an' they's lotsa room in it fo' evverthang.

it will coexist with gold, atleast for some generations


This seems like a reasonable way to look at Bitcoin and gold.

Gold has a long history as the world's premier Store of Value.  Gold is pretty easy to understand.  Bitcoin has not been around very long, and as we have seen, there are a variety of issues & problems not being resolved quickly.  It is too early to say whether Bitcoin will become universally recognized.  An altcoin conceivably could come along and displace it.

Bitcoin and gold share some properties.  But, they are two different "vectors" if you will.  BTC is a nice innovation, and might very well change history. 

But the story is not written yet.

Thanks. And yes, we have to write the story and make history  Wink








Bitcoin is the de facto cyber gold. It has many features similar to gold, especially the limit supply. Bitcoin is not really a day-to-day currency due to its limited amount. I invest bitcoin similar way as I invest gold.

Well done. And yes, there are more suitable coins for the day-day payments.






Bitcoin is far better than gold, gold was always risky like you have mentioned thief, government, and it was always risk prone. And at most times it would become stagnant to. I don't personally like taking the gold as a investment cause it isn't. I would prefer to keep Bitcoin as it is and not term it gold 2.0 rather have the government again questions us as to why are we keeping Bitcoin. Bitcoin so far has escaped the eyes of government but I wonder how long, till they make some stupid rules for it. I would however support your call for unity for Bitcoin.

I guess you're right, the goverment will try to regulate it as soon as they realize what is really BTC.  Angry
That's another reason to call for unity







Humanity has been waiting for a place to save his earnings and be able transfer it between generations without loosing it’s value. We already had gold, but it’s been difficult to hide it from thiefs, both the goverment as other kind of thiefs.
Now we have the opportunity to change it. Now we have the opportunity to conserve wealth without giving any explanation to anyone.
The only way to do this is by all agreeing that BTC is Gold 2.0
We dont need a new technology to pay the coffee.
We’ve gone throught times when the goverment decided to confiscate every single grame of gold of the citizens. We're going throught times where printing new money is devaluating our savings. This wont happen again if we all work together making Bitcoin better.
If we do not agree on which coin is the Gold 2.0, a new “war” for being it will start and this will not  let the humanity move to the Golden 2.0 Era.
Bitcoin is Gold 2.0
Let’s all work together

We do need a technology that would serve the people. The Satoshi White paper, called this a Peer-to-Peer Electronic Cash System, not a technology to store wealth or another commodity to replace gold. So Satoshi's goal for this was to replace the current "Cash" system.

We do not need any "war", the network of users will decide what they want from this system. ^smile^

Bitcoin is the oldest, most secure and therefore the most trusted cryptocurrency, that makes it the place where people is gonna put his savings. Therefore, gold 2.0.

There are other coins more suitable for the d-d payments






i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Thanks. And I do agree with you and I hope it happens  Smiley





i am agree with the OP that bitcoin is gold 2.0 and we should work together to make it happen. the blockchain technology offering many benefits and value to do this and i think blockchain technology is solution for future but we need to spread bitcoin into many places so other people will know and they will using bitcoin.

Agree. We need to spread it but with a united message.
BTC is Gold 2.0






i like OP statement that make bitcoin more valuable rather than gold and we as a part of bitcoin must be concern about this because there is a chance to bitcoin could be the rival of gold indeed still a lot of obstacles in the front of us to make bitcoin as gold but i believe someday people will more likely to choose bitcoin rather than gold because they tempted with bitcoin features that are not owned by gold

Bitcoin is truly golden
it is kind of virtual gold, great value and all popular
in the future, it will be the world's gold

Agree with you!!


With every features similar to gold as a backing, as a commodity, as a form of investment is now found on bitcoin. So bitcoin being said as gold v2.0  is a right decision. These days taxation is the only issue with bitcoin, some countries were making regulations regarding the taxation for using bitcoin.

aso118
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February 11, 2017, 04:08:06 AM
 #54

A lot can still go wrong with this experiment, so I would not pump a lot of my life savings into Bitcoin to protect my wealth.  Roll Eyes As with

other commodities, Bitcoin can also be manipulated.... it is much better than Fiat currencies, but it is still very volatile. Your wealth are

in the hands of a few developers and the consensus behind their decisions. {miners and individuals running nodes}  Roll Eyes

Agree, we're in the hands of a few devs and miners. That's the riskier part.

That to my mind does not constitute a risk. Bitcoin is open source and if the developers are pig headed, an alt would take its place.
If not gold, we could have a new platinum 2.0  Smiley

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February 11, 2017, 01:59:13 PM
 #55

what a concept man. GOLD 2.0  Grin Grin
you had mentioned that bitcoin is the way to pass wealth to generation after generation but what if bitcoin that you had earned hard get banned of unusable due to  Quantum computing which would probably destroy teh network. and On emore thing that value of bitcoin keeps changing time to time so you cant be sure to keep it as gold or mud.
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February 11, 2017, 02:07:06 PM
 #56

I have a different view of the topic you have posted here. I will not take bitcoin as gold 2.0 and also not as an instrument to save or transfer. Yes, they do have some similarity but most they are different from each other and their uses are also different.

Gold is a tangible asset and bitcoin is not. That's the basic difference. Bitcoin's value is very very dynamic, which creates ample opportunities to trade. However, gold price is not dynamic like bitcoin. That is the reason why people is using gold for generations to safeguard their savings. You can make ornaments with gold but you can't do anything with bitcoin apart from purchasing something.

People will want something with stable price to safeguard their savings. Bitcoin doesn't fill that bill. Bitcoin can be used as an investment to fetch a higher return than any other conventional return, but with a higher amount of risk. So lets take bitcoin as it is, lets not be confused it with gold and its properties.

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April 26, 2017, 03:15:25 AM
 #57


With every features similar to gold as a backing, as a commodity, as a form of investment is now found on bitcoin. So bitcoin being said as gold v2.0  is a right decision. These days taxation is the only issue with bitcoin, some countries were making regulations regarding the taxation for using bitcoin.

Will see what happens with taxation. In any case. you can always move to the most suitable country  Wink


what a concept man. GOLD 2.0  Grin Grin
you had mentioned that bitcoin is the way to pass wealth to generation after generation but what if bitcoin that you had earned hard get banned of unusable due to  Quantum computing which would probably destroy teh network. and On emore thing that value of bitcoin keeps changing time to time so you cant be sure to keep it as gold or mud.


Quantum computing will join the mining forces, not destroy it.
Or hope so  Tongue


I have a different view of the topic you have posted here. I will not take bitcoin as gold 2.0 and also not as an instrument to save or transfer. Yes, they do have some similarity but most they are different from each other and their uses are also different.

Gold is a tangible asset and bitcoin is not. That's the basic difference. Bitcoin's value is very very dynamic, which creates ample opportunities to trade. However, gold price is not dynamic like bitcoin. That is the reason why people is using gold for generations to safeguard their savings. You can make ornaments with gold but you can't do anything with bitcoin apart from purchasing something.

People will want something with stable price to safeguard their savings. Bitcoin doesn't fill that bill. Bitcoin can be used as an investment to fetch a higher return than any other conventional return, but with a higher amount of risk. So lets take bitcoin as it is, lets not be confused it with gold and its properties.

Bitcoin not being stable has already been discussed. It's because it's user base. Not meant to be stable until we achieve a considerable user base (90% of world population)


btw, I have started a similar threads in reddit
join the discussion there too

https://www.reddit.com/r/btc/comments/65yhou/bitcoin_is_gold_20_what_humanity_has_been_waiting/
https://www.reddit.com/r/Bitcoin/comments/65yke5/bitcoin_is_gold_20_what_humanity_has_been_waiting/

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April 26, 2017, 03:34:59 AM
 #58


The only way to do this is by all agreeing that BTC is Gold 2.0

We dont need a new technology to pay the coffee.

 

As soon as I see this, I smell an agenda.

To have value, something must not only be scarce but be useful.  You talk
about the users, but unless users can have fast cheap transactions
then why is it useful in the first place?

Yes Bitcoin has other properties like hard to forge, easy to store, etc.
But widespread use is one of the most important factors.

Why would people use Bitcoin as a store of value when other cryptos
could also offer high security and better utility?  How would the security
even be able to compete?

And why do we have to give up usefulness and low fees at all?

Most people who advocate that Bitcoin "shouldn't be coffee money"
are naively (or intentionally) buying into the narrative that Bitcoin
should not be peer to peer cash like Satoshi envisioned, but should
be a settlement network like Blockstream/Core developers want.

The only reason someone ever needs to argue that "Bitcoin shouldn't
be coffee money" is to justify high fees, which in turn is an excuse
to interfere in the free market between miners and users by
artificially constraining the transaction suppply with a blocksize cap.

Even if you believe in all the 'threats to decentralization' from
bigger blocks (which I consider largely to be false), you should
have the honesty to admit that you want Bitcoin to be a high fee
settlement network and not peer to peer cash.



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April 26, 2017, 03:42:19 AM
 #59

I have a different view of the topic you have posted here. I will not take bitcoin as gold 2.0 and also not as an instrument to save or transfer. Yes, they do have some similarity but most they are different from each other and their uses are also different.

Gold is a tangible asset and bitcoin is not. That's the basic difference. Bitcoin's value is very very dynamic, which creates ample opportunities to trade. However, gold price is not dynamic like bitcoin. That is the reason why people is using gold for generations to safeguard their savings. You can make ornaments with gold but you can't do anything with bitcoin apart from purchasing something.

People will want something with stable price to safeguard their savings. Bitcoin doesn't fill that bill. Bitcoin can be used as an investment to fetch a higher return than any other conventional return, but with a higher amount of risk. So lets take bitcoin as it is, lets not be confused it with gold and its properties.
That's actually a good take on it to be completely honest. Got me thinking a bit and you're actually pretty spot-on.
While you're very right about people wanting more tangible assets, I'm curious if the current and coming generations are still going to view PMs as safeguards for their wealth (like their parents and generations before them) or if they're going to start pushing towards more digital and "technological" assets, for different reasons.
Personally I don't think there's any better feeling than having some gold or silver in the hand, but that differs for people. Especially considering so many millennials are so poor, I doubt there'll be any major form of PM investing due to a simple lack of income.
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April 26, 2017, 04:41:22 AM
 #60

I agree with op that bitcoin is a good investment but only for time being. But bitcoin should not be compared with gold. Both are different. Gold has two uses . It can be used as an investment as well as for ornamental purpose. Whatever happen gold has got its own value. But bitcoin is not like that. If tomorrow any genius software engineer develop something better than bitcoin, everybody will leave bitcoin behind. You cannot predict its price.


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