"The debate surrounding the relative merits of bitcoin and gold as a store of value has been passively continuing since the first trading options appeared several years ago. On paper, the similarities between the two assets are easy to see: a finite amount, almost infinite divisibility into smaller amounts, a mining process to make them usable.
As cryptocurrency trading has opened up, however, investors who had previously had nothing to do with the gold market have found themselves in possession of a gold-like commodity – Bitcoin. In the face of bitcoin’s volatility, decreasing as it may be, they have been looking to secure their wealth in a way which does not make them vulnerable to the pitfalls of bitcoin-fiat trading: constant market tracking or trusting a third party to track it for them, declaration of profits (jurisdiction-dependent) and others."
Trading BTC/Gold on an exchange would be great if the volume/activity is healthy. Has anyone who reads this been doing that, and is the market good?
Topic: More than Luck: How Gold Trading is letting the Unbanked Secure Wealth (Read 357 times)
April 20, 2015, 11:28:33 PM
April 20, 2015, 11:21:40 PM
I've never owned or worn any gold to speak of. Now I think it might be a good idea to invest some bitcoins in gold. What do you think?
April 17, 2015, 11:20:55 AM
https://i.imgur.com/HyxKQ2I.jpg?1
The bitcoin-fiat exchange market has exploded over the last year, but it isn’t alone.
In 2015, amid currency swings in the Russian ruble and the Euro among others,
an increasing number of traders are looking to gold as a natural fit for their bitcoin holdings.
Please click image above to read on...
The bitcoin-fiat exchange market has exploded over the last year, but it isn’t alone.
In 2015, amid currency swings in the Russian ruble and the Euro among others,
an increasing number of traders are looking to gold as a natural fit for their bitcoin holdings.
Please click image above to read on...
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