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Topic: Gold and Bitcoin history - page 2. (Read 179 times)

hero member
Activity: 1358
Merit: 538
dont be greedy
August 27, 2020, 11:31:10 PM
#2
1000 years ago, you could buy a goat in Arabia for 1 dinar, while the dinar is a currency made of gold, so it has the same intrinsic value as its nominal value.

because it is gold-based, the Dinar has a very strong and stable exchange rate, even in 2020, you can still buy goats in Arabia at the same price, which is 1 Dinar.

in fact, the value of Gold never goes up or down, but the value of other currencies goes up and down. Paper currency is the currency of the conspiracy, who wants 20 pieces of paper to be exchanged for 1 new brand of cellphone from Apple? So unfair, they make it with paper and print numbers on it

If the Bitcoin following to the history of the Gold...
Then what year of history of Gold... The Bitcoin is in Same situation?

Gold Can fall and go up so as Bitcoin...

Let's Say Bitcoin Will follow to exacly same Path as cold..
Maybe few price Differnces then what is the Bitcoin price Now?  Its high Medium or low according to comparsion history of Gold?
If BTC is to follow GOLD, it must also have an intrinsic value like GOLD.

BTC is only valid on the internet, and GOLD can apply worldwide

jr. member
Activity: 392
Merit: 7
October 24, 2019, 02:36:08 PM
#1
If the Bitcoin following to the history of the Gold...
Then what year of history of Gold... The Bitcoin is in Same situation?

Gold Can fall and go up so as Bitcoin...

Let's Say Bitcoin Will follow to exacly same Path as cold..
Maybe few price Differnces then what is the Bitcoin price Now?  Its high Medium or low according to comparsion history of Gold?
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