BITCOIN Flippening GOLD

[insom]

BTC flippening gold doesnt really mean anything. Markets always go up and down and gold will find its luster back again as soon as theres bearish sentiment in the traditional markets around the world. Gold has always been one of the safest investments for thousands of years. That wont change flippening or no flippening.

You are right no coins will replace gold. It is a universal asset. And where you go in this world it has value. And all over the world, it has investors. You are right this is the safest investment for thousands of years. Bitcoin is now entering the market, and it is gaining more investors but it won't flippening gold.

No, thats not what I meant. I meant even if BTC is worth much more than gold, it doesnt really take anything away from gold. Do you think the spot market for gold and other precious metals will crash simply because BTC has more value? No, of course not.

Each advantage has its own esteem and significance in the market which no other resource can supplant. Comparative is the situation with digital forms of money and gold. Gold has its own particular significance in the market in the market since it is a valuable metal and cryptographic money have its own significance of being the online cash having quick and unknown exchanges and buying any coveted or required item anyplace on the planet inside seconds.

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[insom]

I know even newspapers do this kind of compairment, but this tells nothing.

One way which might be a reasonable comparison would be comparing the price of the total amount of gold mined till now, to the price of the total amount of bitcoin mined till now.

It won't not be a powerful approach to look at both of the benefits since no one knows the aggregate weight of gold weight of gold mined since the begin or even the previous hundred years. While certainly feasible but rather it additionally may be hard to ascertain the aggregate number of bitcoins mined up till now. As far as esteem, both having their own particular significance, bitcoin is still ahead as far as esteem and is always expanding so regardless of the possibility that a value examination is done between the two it won't stay valid for long.