What is the price of bitcoin instead of gold
Publish: 2021-04-23 04:08:02
1. The relationship between bitcoin and gold
bitcoin, a blockchain based digital currency, is often regarded as a global safe haven asset like gold. In this age of global turmoil, even gold has become unreliable and may be confiscated as India has. Some people have begun to think that bitcoin can replace gold, because bitcoin not only has the reserve capacity of gold, but also has some capabilities that gold does not have, such as low handling charges, rapid transfer capacity, decentralization and so on. With the increasing popularity of bitcoin and the decreasing volatility, the status of gold has been threatened
will bitcoin shake the status of gold?
gold has a long history, almost as long as the history of human civilization, and has withstood numerous tests in history. Bitcoin is less than a decade old, but its value has risen sharply. There is no support behind bitcoin. Of course, since the end of the gold standard, there has been no support from other currencies, except that there is no support from the central bank behind bitcoin. It's hard to predict whether bitcoin will exist in the next decade, a hundred years or even a thousand years.
bitcoin, a blockchain based digital currency, is often regarded as a global safe haven asset like gold. In this age of global turmoil, even gold has become unreliable and may be confiscated as India has. Some people have begun to think that bitcoin can replace gold, because bitcoin not only has the reserve capacity of gold, but also has some capabilities that gold does not have, such as low handling charges, rapid transfer capacity, decentralization and so on. With the increasing popularity of bitcoin and the decreasing volatility, the status of gold has been threatened
will bitcoin shake the status of gold?
gold has a long history, almost as long as the history of human civilization, and has withstood numerous tests in history. Bitcoin is less than a decade old, but its value has risen sharply. There is no support behind bitcoin. Of course, since the end of the gold standard, there has been no support from other currencies, except that there is no support from the central bank behind bitcoin. It's hard to predict whether bitcoin will exist in the next decade, a hundred years or even a thousand years.
2. Graphics card's computing power is very strong, mining machine is also piled up with graphics card.
3.
Bitcoin will never replace gold
this view does not mean that I am against bitcoin or I am not optimistic about the development prospect of digital currency. On the contrary, I am optimistic about the development of digital currency. However, no matter how much bitcoin and other digital currencies develop, they will never replace gold. The reasons are as follows:
first, gold reserves are limited and there is no substitute, Bitcoin can be replaced at any time
at present, about 170000 tons of gold have been mined in the whole earth, and the gold reserves of all countries in the world are 33259.2 tons, and the rest are used in jewelry, instry and private investment fields. With more and more gold mining, the proven reserves of gold will be less and less, so gold will be more precious in the future
But bitcoin is different. Bitcoin is just a kind of virtual currency. To put it bluntly, it is a computer program. People can develop digital currency similar to bitcoin at any time, so bitcoin can be easily replaced From this, we can see that although the US dollar is also a world currency, the US does have a very large proportion of gold foreign exchange reserves, which in turn further strengthens the status of the US dollar
so in general, the status of gold can never be replaced by bitcoin< br />
4. It's deceptive. Activation needs 0.3 BTD. It's impossible to cash in the wallet to experience the BTD generated by the mine pool, because it needs energy, but the energy of new users is zero. That is to say, you have to find a way to get energy through other ways first. In other ways, you need to pay a little first. Ha ha, otherwise, it's a dead cycle to proce more BTD, No matter how many real name users you push, it's useless! Study, understand, decisively unload!
5. Basically not, because the price of gold is e to the existence of people, and bitcoin comes from the network
6. Bitcoin is impossible to replace gold. Gold is based on physical gold. Bitcoin is a computer programming cipher chain, which has no value. Generally, if it is abandoned, it has no value.
7. What should I do? Thank you. Moonstone published on May 8, 2013 17:16 no OpenCL devices. What can I do? Thank you~~~~~~
8. The price of bitcoin hit a new high of 8360 yuan on Friday (March 3) and surpassed the price of gold for the first time on Thursday. On the contrary, spot gold prices had a bad week, falling in four of the five trading days. The recent rise in the price of bitcoin is e to the strengthening of foreign exchange policies in China, India and Venezuela, as well as investors' expectation that the prospect of bitcoin will be good ring the trump administration<
- the price of bitcoin exceeds that of gold
China's three major bitcoin trading platforms suspended the withdrawal business of bitcoin last month because the people's Bank of China is worried that bitcoin will become a tool for transferring funds overseas, discounting the efforts of exchange rate management
in addition, investors may be betting that the regulatory environment will be more relaxed ring the trump administration. The U.S. Securities and Exchange Commission is expected to make a decision on March 11 on a digital currency based exchange traded fund program
in January this year, bitcoin, which has always been volatile, broke through the highest point of $1137 in 2013. After peaking at that level in 2013, bitcoin fell 53% in less than a month
China commercial bank analyst Carsten Fritsch pointed out that bitcoin has the characteristics of small market scale, lack of public understanding, short history, extremely violent price fluctuation and high proportion of speculators. John Butler, head of financial services at gold money, said: "bitcoin has a long way to go to establish a relatively stable value preservation feature, and its surpassing gold price is only a random performance."
- the price of bitcoin exceeds that of gold
China's three major bitcoin trading platforms suspended the withdrawal business of bitcoin last month because the people's Bank of China is worried that bitcoin will become a tool for transferring funds overseas, discounting the efforts of exchange rate management
in addition, investors may be betting that the regulatory environment will be more relaxed ring the trump administration. The U.S. Securities and Exchange Commission is expected to make a decision on March 11 on a digital currency based exchange traded fund program
in January this year, bitcoin, which has always been volatile, broke through the highest point of $1137 in 2013. After peaking at that level in 2013, bitcoin fell 53% in less than a month
China commercial bank analyst Carsten Fritsch pointed out that bitcoin has the characteristics of small market scale, lack of public understanding, short history, extremely violent price fluctuation and high proportion of speculators. John Butler, head of financial services at gold money, said: "bitcoin has a long way to go to establish a relatively stable value preservation feature, and its surpassing gold price is only a random performance."
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