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Topic: Why Cryptocurrencies Will Never Be Safe Havens - page 2. (Read 871 times)

hero member
Activity: 2954
Merit: 796
In the digital-age that we are living, Crypto-currencies are the most practical store of value as long as the internet exists. If we are at the point where the internet is no longer and the world is in total chaos, then what good is gold and silver anyway? People will be more worried about food and survival each day. Carrying gold and silver around will do you no good. You can argue that Food is a better store of value than Gold when SHTF.

Well apocalyptic situations aside, the main point of concern is that bitcoin might end up being worthless in the near to mid future.  What do you have to say to that?
I don't think it will happen, when can be technology or internet will be worthless. Crypto were depending on it. Its is the most convenient ways for transactions. It is the currency in online world where in most businesses use as their medium on developing their business. So crypto can get better in time never worthless.
newbie
Activity: 3
Merit: 0
In the digital-age that we are living, Crypto-currencies are the most practical store of value as long as the internet exists. If we are at the point where the internet is no longer and the world is in total chaos, then what good is gold and silver anyway? People will be more worried about food and survival each day. Carrying gold and silver around will do you no good. You can argue that Food is a better store of value than Gold when SHTF.

Well apocalyptic situations aside, the main point of concern is that bitcoin might end up being worthless in the near to mid future.  What do you have to say to that?
legendary
Activity: 2062
Merit: 1035
Fill Your Barrel with Bitcoins!
In the digital-age that we are living, Crypto-currencies are the most practical store of value as long as the internet exists. If we are at the point where the internet is no longer and the world is in total chaos, then what good is gold and silver anyway? People will be more worried about food and survival each day. Carrying gold and silver around will do you no good. You can argue that Food is a better store of value than Gold when SHTF.
legendary
Activity: 1204
Merit: 1028

The pro-gold people never bring up two key points:

1) Gold has been already outlawed, and it could happen any time in the future again:
http://www.huffingtonpost.com/steve-mariotti/when-owning-gold-was-ille_b_10708196.html

2) Gold is absolutely useless when trying to cross borders. If your government becomes tyrannical, you will not be able to escape your country safely with your wealth if it's in Gold, or pretty much anything that isn't Bitcoin (or any other crypto, but we all know Bitcoin is the most solid hold coin)
sr. member
Activity: 588
Merit: 250
You cannot link a site which is all about investing in Gold and anti-Bitcoin and expect it to be honest about the future of cryptocurrencies.
legendary
Activity: 2716
Merit: 1383
I read the whole thing, nothing new here it is obvious they are pro gold and they claim it is a store of value despite the fact that we do not know how much gold there is and how much it is going to be, they claim history is on their side, but that is not true when Spain began mining silver in the Americas there was big inflation due to all the new silver, bitcoin does not suffer that problem, they are right in some points but in that point they are entirely mistaken.
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