Bitcoin Better Than Gold

Bitcoin Better Than Gold
Di Posting Oleh : NAMA BLOG ANDA (NAMA ANDA)
Kategori : Bitcoin

Bitcoin Rather than buying gold, buy things that are useful such as real estate or silver. They're both a good store of value and if everything goes wrong, they will still be valuable. Silver's industrial value is 50+ % of its current price if I remember it correctly but the point is, silver is more useful than gold. If there was a global monetary reset, something like Bitcoin or silver would most likely be the money that will be favored in circulation. Gold will be far too less of a resource for it to be in circulation. A gold coin would have to be ridiculously small for microtransactions. And, I don't think people would want to go back into a Gold Standard because central banks/governments could print more paper IOUs than the gold they have in reserve and repeat the ponzi all over again.

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years

Gold is relatively stable and has had centuries (millennia?) to establish its relative value in the world.

Bitcoin is a disruptive technological protocol in its infancy.  It is still in the process of price discovery and as additional layers of interface are added on top of the protocol, the difference will be equivalent to the difference between the internet today and the internet in the 1980's.  It is impossible to predict what bitcoin will be like in 10 years, but I expect it will be exponentially more useful (and as such, exponentially more valuable) by then

Let us go back 110 years to say 1904 and ask the following question: If you had to convert all your wealth to either horseless carriages (otherwise known as automobiles) or horses and keep it there for 10 years, which would you choose? Keep in mind the fact that horseless carriages have only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

By the way humans had been using horses as a primary form of transportation for millennia, yet in a period of 50 years between 1900 and 1950 they virtually vanished form the transportation scene. Will Bitcoin do the same to gold?

That would be true only in a socialist utopia. In the current world wealth is not proportionally distributed, 60% of the wealth is in the top 2-3% of the humans.

It doesnt need a 1000x in the userbase to grow the price, it only needs a few whales from wallstreet to open up their purse.

And contrary to mainstream average users, the whales are in a "for profit", if they would decide to invest in it. So about a 10% of the population needs to be there to ensure an ongoing demand, while the big whales can just use this as a collateral for their enterprises.

Online stores, gambling, entertainment, gaming, movies, and such, it can be a good investment for any millionaire, because the demand is already there, it only needs a shift of currency.

I guess we will need to wait until the fiat inflation becomes untolerable, but we shall see. It's up to wallstreet now to push prices up.

I used to love the idea of holding gold as an investment or alternative store of wealth.... that is until bitcoin came along. Gold may still have its uses as a physical thing and precious metal and I will continue to hold the gold I have but wont be buying more. Bitcoin is far superior as a currency and I also see far greater potential for profit over the years and the value today should hopefully be minute in comparison to what it could be worth in 3/4/5+ years time.

Well bitcoin is the best investment any company or investor can have,very volatil means you can profit on the short trades all days,just choose your moment and wait,the market will do the rest.Gold were in the past a big and amazing deal but were too expensive and just some could afford to work and to have it,nowadays all people has some piece of gold.With bitcoin is happening the same,with a big difference,you can get free bitcoins doings some tasks,i doubt you could earn gold the same way as we do with bitcoin.Bitcoin is the key and the answer to the most questions.

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