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Transport and Velocity: Could Bitcoin be a Replacement for Gold?

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amir1212

Gold has been used as a store of value for eons, thanks to its beauty and almost magical ability to never tarnish. Furthermore, despite radical shifts in human values over the past 100 years, its worth still has not diminished – even soaring to over $1,000 an ounce in recent times.

Now, though, there is a new, digital challenger on the scene that, when its price chart is compared with that of gold, bears some striking similarities

It’s no wonder, then, that companies like Netagio now allow people to trade bitcoin for precious metals like gold – it is a sign that investors want the ability to trade BTC seamlessly with other investment vehicles.

In a sense, bitcoin could be considered an upgrade from gold. Some even consider it as gold with transformational, information-like properties.

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  • kennycud

    I like the tangibility of gold. I like the transportability of crypto. I love both!

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  • page

    Gold emerged as useful money from every good used in the market, that is why people view it as good money. Bitcoin has not emerged from all the goods in the market to be used as money. Bitcoin, the currency, was partly designed to be money then put in to the market. Whether Bitcoin will be useful long term as money I have no idea.

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  • robao

    Gold and bitcoin are complementary, substitutes any case.

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  • knircky

    I think believing bitcoin will replace money is like thinking websites will replace books.

    I think bitcoin is a new techn. and ultimately they will co-exist.

    That is not to say they won't impact each other. We still have horses but they are used very differently today.

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