Gold coin vs bitcoin

gold coin vs bitcoin

such instability and uncertainty surrounding the bitcoin, it is unlikely that it will generate the customer base to match, much less surpass, gold as an investment asset. Can you say the same thing about stocks or bonds?". Bitcoin at a Glance, how would you like to invest in something that costs less than three cents per unit, but will grow into several hundred dollars within a year? Already we see big businesses such. Below is the market cap of 5 billion for Bitcoin, only half the market cap when compared to gold. Not so with gold. I save in gold. So, even if the technology behind Bitcoin, Ripple, and so forth is sound, that doesnt mean the value of the units is sound. Such market activity raises questions over whether the bitcoin will eventually become a more valuable asset than gold.

It was primarily geared towards businesses with an international clientele. Only a select number of investors are interested. Many people presumed that the sudden drop in gold's market value was an indication that it had lost its status as a safe investment choice. And they still. Governments dont like this uncertainty, so they have been banning Initial Coin Offerings to start up currencies, and they have been banning the trading of cryptocurrencies.

Bitcoin maybe as an investment option, its a good idea to compare it with a proven investment option. Of course, I am talking about gold. Here is a quick analysis that compares. Bitcoin, perhaps the most obvious difference between.

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Illegal materials, drugs, weapons, and personal information are traded for payment, usually in anonymous cryptocurrency format to avoid detection. Therefore, until the bitcoin can reach the same worldwide level of legitimacy and approval that gold has, it will never be able to replace gold as a valuable commodity. This practice continued for a number of centuries until the mid-1800's, when many countries began shifting away from the use of actual gold currency in favor of a system known as the Gold Standard. But that doesnt mean that any one cryptocurrency cant fail. A lot of investors may be tempted to invest in Bitcoin. Being sold on to companies to try and influence your voting in an election. However, such opportunities are quite rare unless you are talking about pyramid or Ponzi schemes.

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