Bitcoin and gold update

1.

At present, the price of bitcoin is mainly driven by the Chinese market, which accounts for more than 90% of the global bitcoin trading volume

some analysts said that the rise of bitcoin was mainly e to capital and currency restrictions in China, India, Venezuela and other countries, which prompted people to buy e-money to maintain their savings, and also promoted investors to keep buying

so far, investors can't help asking whether bitcoin will replace gold as the largest safe haven asset
Ian Bezek, a professional trader, believes that bitcoin and gold have their own strengths, but gold has a greater advantage at this stage

Ian Bezek pointed out that bitcoin is highly accepted in some countries with serious capital controls, such as Argentina, where it is difficult to transfer assets abroad

e to China's economic slowdown and asset outflow, RMB devaluation occurs. Bitcoin is mainly used to convert RMB assets into overseas assets, which is much more convenient than gold

this is not bad news for gold, because the popularity of bitcoin means that gold, which is also a safe haven asset, will also usher in a rising opportunity

2. There is no direct link between gold and bitcoin< Both of them are not money:
money is widely accepted as a medium of exchange. Gold is classified as money, which can be traced back to the early capitalism. At that time, gold could be used to exchange anything, but it didn't play much role. Gold is often in short supply. As a tradable tool and asset currency, it can be exchanged for a certain amount of US dollars
bitcoin has now become a means of online and offline payment, which has been accepted by many countries, but it has not been accepted by the whole world
2. The two are not irreplaceable: gold was used a long time ago, but it was rarely found and created by substitutes like gold. Bitcoin has many substitutes. Who knows what other encrypted electronic currency and technology will destroy the current market
3. Gold is a commodity, but bitcoin is not
gold is a basic commodity or hard asset that can be used in business, and can be used as a material to proce other commodities. People can also use gold for physical delivery and then make it into some other form for use. Although bitcoin is storable, it is not physical and cannot be held, felt or transferred
4. Are bitcoin and gold risk averse
bitcoin and gold are rare, their prices may be volatile, and each of them serves as an alternative investment to those who lack confidence in fiat money and monetary policy. Bitcoin trading is not as easy as gold, because people have to buy bitcoin through online trading platforms or invest in over-the-counter bitcoin trusts.

3. In my opinion, there is no way to replace gold. Unlike gold, bitcoin is completely fictitious and has nothing to do with the real economy. There is a great risk.

4. What should I do? Thank you. Moonstone published on May 8, 2013 17:16 no OpenCL devices. What can I do? Thank you~~~~~~

5. Gold is measured by weight, while bitcoin is an abstract form of money that can only be measured in its own units. A bitcoin is worth more than a gram of gold, but it is far less than a ton of gold. Although bitcoin performed well last year, the scale and depth of the digital cryptocurrency market is still far less than the $7 trillion gold market
therefore, at present, gold is still the only currency in the world with the same scale and volatility as fiat money. Bitcoin, or digital cryptocurrency, is the most exciting currency experiment in the contemporary era.

6. Bitcoin is one of the most successful applications of blockchain technology. In an exclusive interview with aelf CEO Ma Haobo's blockchain, it was mentioned that, specifically, blockchain is a series of data blocks generated by using cryptography Association, and each data block contains information about effective confirmation of multiple bitcoin network transactions. The structure of blockchain storage data is a chain composed of "storage blocks" on the network. Each block contains all the information exchange data in the network within a certain period of time. Blockchain is the underlying technology of bitcoin, but its role is not limited to bitcoin. At present? LF's team has realized the expansion of blockchain 3.0, realized the horizontal expansion of nodes through cluster or cloud mode operation, and continuously improved the overall network performance based on benign competition.

7. Bitcoin is a special "digital currency", which is not well recognized in China; Gold is a precious metal, the price is changing at any time, you can browse the relevant website to find the timely price of gold. Usually, when the society is stable, the price of gold doesn't change much.

8.

compared with gold, of course, gold has more long-term investment value since the birth of bitcoin, its price has gone up all the way and become a new favorite of many investors. Some people even think that bitcoin is more worthy of investment than gold. Under this kind of hype, the price of bitcoin is even as high as more than 50000 US dollars. Many people are eager to buy bitcoin, and even many people collect bitcoin

compared with bitcoin, gold is relatively inferior. The price of gold is relatively stable and there is no significant fluctuation. People who buy gold are mainly for hedging. But just because of this, gold has more long-term investment value than bitcoin< the stability of gold price and the low-risk characteristics of gold obviously have more long-term investment value than bitcoin Since bitcoin was developed, it only circulates among a few people. Later, with people's understanding of bitcoin, more and more people joined in the speculation of bitcoin. After these speculators entered, the price of bitcoin went up from a few cents. Especially with the addition of many giants, the price of bitcoin reached tens of thousands of dollars

bitcoin is traded in various exchanges, which are not protected by the state, but just a commercial platform. Some platforms even have users stolen. Moreover, the price fluctuation of bitcoin is very large, which is a high-risk asset. This kind of asset is not suitable for long-term investment, but only for short-term speculation{ RRRRR}

in the short run, the price of gold may not be as good as that of bitcoin, but in the long run, the value of gold will always be maintained, and the value of bitcoin may not be retained. If you have any other opinions, please leave a message to discuss