Quote:
Originally Posted by dyna mo
well, gold is a precious metal so is it out of the question to glean some comparisons? perhaps.
a lot of people think gold can't crash, but it does and crashed big once along with tiny crashes.
but maybe you are talking about economic bubbles/financial crisis?
either way, you bring up the most important fact- btc is finite, and 90% will be mined within the nex 3.5 years, all of this will be sorted out within that time frame.
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Gold as with bitcoins will crash for reasons that are unlikely to be related to a change in direct confidence. That's the key shared advantage. Massive faith. Mtgox crashed bitcoin while Japan crashed the yen. It's grounded nature is value into itself. It's respect really.
Bitcoins though will also cause people to question why they are using highly inflated money. It might occur to some that bitcoins are just showing the opinion of the true value of the fiat money by way of the people and not market makers. The value is getting a voice. That's the fear factor.
It's unquestionably a developing but profound reality.