Is Bitcoin the Next Gold?
MichaelDee posted:ChelseaR posted:Out of the two, do you think Gold will always have the upper hand?
Gold has the upper hand in terms of history, stability, and real-world utility. It’s been a store of value for thousands of years, is widely accepted, and isn’t as volatile as Bitcoin. In times of economic uncertainty, gold is still the go-to safe haven.
However, Bitcoin has advantages in terms of portability, scarcity (fixed supply of 21 million), and decentralization.
It depends on what you’re looking for—stability or high-reward potential.
I completely agree with this. Its all about stability and the high reward.
Brenda13 posted:Joyal posted:Bitcoin’s got potential as a store of value, but let’s be real, its price swings are no joke. Today, it’s hovering around $96,677, with a high of $97,241 and a low of $95,258.
Do you think it 'll really break past $100k soon?
According to me, predicting BTC price with certainty is impossible. BTC is currently experiencing a period of price fluctuation and the $100K mark is a significant psychological barrier. Breaking through it could signal strong momentum. It's crucial to stay informed and make investment decisions based on your own risk tolerance and research.
MichaelDee posted:Brenda13 posted:Joyal posted:Bitcoin’s got potential as a store of value, but let’s be real, its price swings are no joke. Today, it’s hovering around $96,677, with a high of $97,241 and a low of $95,258.
Do you think it 'll really break past $100k soon?
According to me, predicting BTC price with certainty is impossible. BTC is currently experiencing a period of price fluctuation and the $100K mark is a significant psychological barrier. Breaking through it could signal strong momentum. It's crucial to stay informed and make investment decisions based on your own risk tolerance and research.
I think the same that BTC stuck in limbo between $92k & $107k resistance breaking the barrier can increase momentum but have to keep on the market.
Personally, I don’t think Bitcoin is the "next gold", but I do see where the comparison comes from. Gold has been around for centuries, and it’s a reliable option when it comes to storing value. Bitcoin, though - it’s more like a new player in the game that’s got potential but still figuring out its place. Sure, it’s scarce, decentralized, and cool because it’s digital, but it’s way more volatile than gold.
non goverment currency will be always illegal. in other case if one of the crypto will be ligal than no kyc anymore
