My thought of Bitcoin's value. Should it appreciate faster than Gold? - Cryptocurrency Reporters - A Light To Cryptocurrency World

Thursday, 22 March 2018

My thought of Bitcoin's value. Should it appreciate faster than Gold?


My thought of Bitcoin's value. Should it appreciate faster than Gold?I think we tend to overvalue its use as an apocalyptic hedge. How often do these events happen to what percent is in our investment portfolio?Like Gold, both have a limited supply and will deflate. And with how little of it there is in the world, 6.1 billion ounces roughly, there is still plenty to buy.I can only find a 100 year graph of gold and % increase per year on average isn't great. My assumption for this is because people would rather put most of their money into the stock market for higher risk and better returns.For Bitcoin, barring the price being influenced subjectively because of hype, FUD, manipulation, etc. I can't see why it would be any different. My point is, using Bitcoin ONLY as a vehicle to hedge against another currencies value doesn't seem like a good investment.Bitcoins use for easy P2P transactions is where most of its value comes from in my opinion. However, I don't know if I can see it become main stream enough for the majority of people to put more than 10% of their money in it.What are your thoughts?Disclaimer: I'm a Bitcoin hodler and own half my wife's gold jewelry via /r/Bitcoin http://ift.tt/2G1xyYz

I think we tend to overvalue its use as an apocalyptic hedge. How often do these events happen to what percent is in our investment portfolio?

Like Gold, both have a limited supply and will deflate. And with how little of it there is in the world, 6.1 billion ounces roughly, there is still plenty to buy.

I can only find a 100 year graph of gold and % increase per year on average isn't great. My assumption for this is because people would rather put most of their money into the stock market for higher risk and better returns.

For Bitcoin, barring the price being influenced subjectively because of hype, FUD, manipulation, etc. I can't see why it would be any different. My point is, using Bitcoin ONLY as a vehicle to hedge against another currencies value doesn't seem like a good investment.

Bitcoins use for easy P2P transactions is where most of its value comes from in my opinion. However, I don't know if I can see it become main stream enough for the majority of people to put more than 10% of their money in it.

What are your thoughts?

Disclaimer: I'm a Bitcoin hodler and own half my wife's gold jewelry

I think we tend to overvalue its use as an apocalyptic hedge. How often do these events happen to what percent is in our investment portfolio?Like Gold, both have a limited supply and will deflate. And with how little of it there is in the world, 6.1 billion ounces roughly, there is still plenty to buy.I can only find a 100 year graph of gold and % increase per year on average isn't great. My assumption for this is because people would rather put most of their money into the stock market for higher risk and better returns.For Bitcoin, barring the price being influenced subjectively because of hype, FUD, manipulation, etc. I can't see why it would be any different. My point is, using Bitcoin ONLY as a vehicle to hedge against another currencies value doesn't seem like a good investment.Bitcoins use for easy P2P transactions is where most of its value comes from in my opinion. However, I don't know if I can see it become main stream enough for the majority of people to put more than 10% of their money in it.What are your thoughts?Disclaimer: I'm a Bitcoin hodler and own half my wife's gold jewelry

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