Buy Gold or Bitcoin. DIfferencessteemCreated with Sketch.

in #bitcoin • 8 years ago

What is the difference between Bitcoin and Gold ? Both are a "social agreement" for store of value. Gold was also up and down, and now its down to $1200 from it's $1800. Can gold go down to $700 (as Harry Dent thinks) sure it can. Can it go up to $5,000 as other think? sure it can... Gold is not money anymore, it's just a social agreement for store of value. At least for the coming future. Can you hire a person in Gold? Can you make a contract in gold? Can you buy a coffee in gold? .. No. It's quite amazing that a gold bug doesn't understand the ratio behind the cyber-gold. Gold and Cyber-gold (Bitcoin) are in principle the same type of financial asset. Not more a bubble than most stocks or gold.

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#gold #crypto #invest
8 years ago in #bitcoin by
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     8 years ago 

    Gold will never reach the price of bitcoin, Bitcoin is unstoppable

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       8 years ago 

      I disagree. Gold will always have a value because human nature is to treasure physical objects. Bitcoin will have its place in our world though.

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         8 years ago 

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