You have compared btc with physical gold.
How about comparing btc with a gold-backed stablecoin?
How about comparing btc with a gold-backed stablecoin?
Why? Who cares?
Topic: Bitcoin vs Gold vs Fiat - page 2. (Read 1058 times)
Why? Who cares?
You have compared btc with physical gold.
How about comparing btc with a gold-backed stablecoin?
How about comparing btc with a gold-backed stablecoin?
I completely agree with your opinion, because in any sphere of human activity a very successful Bitcoin, Fiat and gold are used. In any case, gold is an indispensable tool for investment at all times of human existence. Fiat is still in demand for most people, because there is no knowledge of cryptocurrency, there is no demand for cryptocurrency and the lack of specific infrastructure for using cryptocurrency. As for Bitcoin, since 2009 Bitcoin has already shown very good results and the blockchain technology is used in a wide range of human life. This situation will expand as cryptocurrency is popularized and the introduction of everyday life.
Here we can see that Bitcoin has won. Bitcoin is one of the most influential and acceptable cryptocurrencies in this period. Bitcoin's usage is increasing day by day, in many cases, Bitcoin's acceptability is increasing. In the future, the acceptability of this will increase, which we can see in this post. I think one time people will give more importance to Bitcoin than fiat money.
I do not see any winner here. Curious, how can people compare metal (precious) that can be used anytime, anywhere and at any conditions, fiat, that has its minuses but simple to be used and virtual currencies?
There is no doubt that Bitcoin is better than any other alternative present in the current era. Bitcoin is not only used in place of money but also can be used in different exchanges and different investment plans. That's why it has the highest number of scams and hype around when it was started. It attracted a lot of attention when it was new and it still does. Big companies are still trying to get their hands on this new technology and of course, many individuals have already working on new projects involving blockchain.
It is better to not comparing between bitcoin, gold, and fiat because each of them has different although right now, we can use bitcoin as the payment method. People still using fiat for making the transaction, and people use gold as their investment for their future, but many of them don't know about bitcoin so they might only know gold and fiat. If they can know and learn bitcoin, I think they will use bitcoin as the other investment type, and they will know that there is not the only bitcoin that will be their investment, but the altcoin can be the next option for the investment.
I agree with your opinion, don't compare bitcoin, fiat gold because everything is used as it should be. it's true that if everyone knows, about BTC as another investment, maybe there will be a lot of people investing, but unfortunately there are still many who don't know 
Steadily balance a portfolio of all three and you'll sleep better... and for some people, you'll be less irritable on internet forums.
It is better to not comparing between bitcoin, gold, and fiat because each of them has different although right now, we can use bitcoin as the payment method. People still using fiat for making the transaction, and people use gold as their investment for their future, but many of them don't know about bitcoin so they might only know gold and fiat. If they can know and learn bitcoin, I think they will use bitcoin as the other investment type, and they will know that there is not the only bitcoin that will be their investment, but the altcoin can be the next option for the investment.
Value of the Dollar Today
1913 / 2019 - This is what happens with a traditional monetary system.
https://twitter.com/Goldbroker_com/status/1094717801166704643
1913 / 2019 - This is what happens with a traditional monetary system.
https://twitter.com/Goldbroker_com/status/1094717801166704643
Value of the Dollar Today
Why the Dollar Is Worth So Much Less Than It Used to Be
Why the Dollar Is Worth So Much Less Than It Used to Be
According to the analysis, we find that Bitcoin is better than gold with a small difference. Bitcoin has a much higher price than gold, and a high degree of volatility creates a lot of risks. Investing in Bitcoin investors suffers a lot of risks but is highly profitable. Gold has low risk but low profitability and is suitable for safe options.
Bitcoin, Gold, Fiat for my own treating thats three most valuable important investment with different value depends on the holders how to treat as valuable investment. And its clear most of the people knows bitcoin as investment for sure bitcoin is number pick.
This is well put together and I like that you made a graph. You have put a great deal of effort into this. For me bitcoin is a clear winner and doesn't even need thinking about. YOu went into depth about things which is great. I just don't see how you can make gold second and so close to bitcoin yet so far from fiat. The thin is you can't use gold in day to day life. I can't pay for anything online and I cannot pay for anything offline unless it is expensive or I shave off a piece of gold? Fiat replaced gold coins a long time ago.
Bitcoin has a legitimate shot at challenging gold as a store of value, but it will have to become far more scalable and user-friendly, and a major nation will have to adopt it as a reserve currency. Once it has reserve currency status, its place as a rival to gold will be solidified, and may overtake it.
I think that the fact that bitcoin has a decentralized system and an anonymous transaction system does not make it a candidate to be used at governments reserves, the BTC is more feasible as a market currency than a reserve currency.
Just an idea - What about the possibility of Crypto being used as the main form of transaction with Gold and/or other metals as day to day anonymous transactions?
Lets be brutally honest, Paper Fiat is and will probably be history one day, but we will still need a form of anonymous transaction off the chain. Maybe "metal X" will be backed by Crypto?
Just talking openly here
Lets be brutally honest, Paper Fiat is and will probably be history one day, but we will still need a form of anonymous transaction off the chain. Maybe "metal X" will be backed by Crypto?
Just talking openly here
Bitcoin, gold, and fiat will exist and complement one another. Bitcoin is inherently deflationary like gold and is a store of value. Fiat currencies allow governments to manage and guide the economy, and tend to be inflationary. I thus see bitcoin and gold as stores of value and fiat currencies for spending on common goods and services.
Here we can see that Bitcoin has won. Bitcoin is one of the most influential and acceptable cryptocurrencies in this period. Bitcoin's usage is increasing day by day, in many cases, Bitcoin's acceptability is increasing. In the future, the acceptability of this will increase, which we can see in this post. I think one time people will give more importance to Bitcoin than fiat money.
One day we could see bitcoin as a worldwide currency that is used most people but I think we are far away from seeing that happen. Even though bitcoin is growing by each day I think there is no way it could compete with fiat or even gold right now as some people don't even know what bitcoin or cryptocurrency means.
Here we can see that Bitcoin has won. Bitcoin is one of the most influential and acceptable cryptocurrencies in this period. Bitcoin's usage is increasing day by day, in many cases, Bitcoin's acceptability is increasing. In the future, the acceptability of this will increase, which we can see in this post. I think one time people will give more importance to Bitcoin than fiat money.
That is the worst part of fiat currency they keep blocking account and freeze transactions. Decentralization keeps bitcoin balance and it is favorable to its user or traders. They can do whatever they wanted anonymously it also has an advantage in gold because the government cannot manipulate it.
Tom Shaughnessy
Quote
It’s funny — the thing we need to use is the thing we’re trying to get away from (Fiat) to build the future we want (crypto).
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