3 Reasons Why Bitcoin Isn't the New Gold
The recent bankruptcy of Mt. Gox curbed the staggering rally of bitcoin. This recent controversy raised the debate over the validity of bitcoin.Full Story
Since: Jan 13
#1 Mar 16, 2014
well if it isn't the new gold then the rules that apply to the markets vis a vis gold do not apply to Bitcoin.
the security and wavering value factors are largely down to 2 things, 1 sabotage and 2 it's new, it's a whole new concept infact.
Though I will say 21mil, was it?, is too low if that's correct. Apart from that, having a fixed number and a value dependent on trading, sounds like gold to me.
Since: Feb 14
#2 Mar 19, 2014
“The recent bankruptcy of Mt. Gox curbed the staggering rally of bitcoin.” - It also made a temporary flux for bitcoin’s value. But despite what happened, bitcoin is still here circulating and gaining more popularity. Just like Gold, it has a strong foundation and can’t be beaten up by any controversies.
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