3 Reasons Why Bitcoin Isn't the New Gold

Mar 14, 2014 Full story: The Motley Fool

The recent bankruptcy of Mt. Gox curbed the staggering rally of bitcoin. This recent controversy raised the debate over the validity of bitcoin.

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Since: Jan 13

Location hidden

#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

Sariaya, Philippines

#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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