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- Thread starter Murwantoro
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- Watchers 10
It's still better than Bitcoin! Mr. Unstable! Mr. Unpredictable!
Go check out the BTC charts from 10 years ago until now, the most stable asset on the planet, there has not been a year when it lost value, not even close.
Ummm, do you know what you are saying? Do you know what you are talking about??? Weekly chart. This looks stable to you??? This looks like it didn't lost any value to you? How long have you know about cryptos? Two days?
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Now look at this gold chart. This is an asset you can trust. This is an asset that doesn't lose its value. This asset is constantly thriving.
When did I ever mention weekly charts?
Do you have any idea how much BTC has grown in that time frame and how much Gold has grown?
Gold is the classic hedge against inflation, but that will not remain this way, BTC will take its place soon.
An unstable asset that its dynamic and unpredictable price movement caused both significant losses and profits! Gold is a safe haven, and I truly believe that it will always remain an asset people will turn to in case of inflations. BTC can never be that!
I respect your point of view and I can understand why you would say that, won't make you right though!
Your point does not stand friend, go around and check out the whole community, the process of BTC replacing Gold is already underway.
You say that as if Gold is the most stable asset on the planet, it doesn't scale in the same manner that BTC does, it is not going to even get close to it, and yes BTC replacing gold started quite a while ago, and every halving it will keep making more distance between itself and Gold.
Exactly! It's 'underway'! It hasn't happened yet but it's trying to be that way. It might, only MIGHT happen some day, but not happening anytime soon.
No, it most certainly is not, but it's constantly thriving. That's what makes it a safe haven. You don't see Gold dropping from $72K to $50k would you?
A lot of predictions say that BTC price might skyrocket, reach over $100K,bla bla bla! Well, even if that happens, people will start saying that its at its peak and is not the best place to buy so people start selling, and then it drops back again! It's the same system. Drastic price movement! Gold does bounce a lot but in the end, everyone knows that Gold will always thrive.
It will happen some day, and there are millions of people investing in BTC instead of gold already. It's not even that far away from being official.
No, I do not agree with your point here. Gold in its own value and dimensions is more volatile and unpredictable. I would never invest in gold while BTC is there waiting to grow more, and not being affected by every government on the planet.
Some day? Yeah. That day might not even be in our own life time.
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OK then let's agree to disagree. Because when it comes to investment in long term, you will know for a fact that if you invest in Gold you will not lose your net worth in a flash like btc drops 10 fkn grand!! Gold is unstable but it has a consistency for in moving up.
It just sounds to me like you don't get the magnitude of BTC growth in this very short time it has been around.
Judge me all you want but I have my reasons to doubt BTC could be a replacement for Gold as unstable as it is now. Especially considering how the whales control their drops and rises.
I agree with your skepticism. Bitcoin's volatility and the influence of large holders, or "whales," can make it less stable compared to gold, which has a long history as a store of value and hedge against economic uncertainty. While Bitcoin has potential as a digital asset, its current instability and market manipulation by major players make it a less reliable replacement for gold in terms of stability and safety.
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