Back to gold

[MrGox 880]

If it happens what you above said l think that yes indeed it will be stable again. But cryptocurrency makes something easy for our life, it is just amazing. l don't think governments are more interested in this world. But we should be interested in new technology. Gold is also good way of earning money, however we need also cryptocurrency. 

[Dark_Sky 8489]

On 5/15/2020 at 10:01 PM, Shahrukh hassan Sourov said:

Due to the high price volatility of Bitcoin, it may not work as well as the gold that we currently have for national currencies. I think the replacement of gold for the stability of the economy can only be possible after the widespread adoption of cryptocurrencies in this world

I also think of that. 

For me possible for bitcoin to replace the gold once the cryptocurrency or cryptoworld is already accepted by those countries who didn't accept it yet. 

 

[BTC Future 3946]

On 6/5/2020 at 8:46 PM, ETheHedgehog said:

economy will always find a way to stabilize, it's in the nature of it, the real question would be how much time it takes to stabilize again, and that depends on how bad it crashed

There are economic cycles in the current dominant economic model ("Capitalism"). The cycles happen mostly because of the loans. Money printing is a form of loan as well. Everything has to be paid back at some point. Sometimes loans get written-off but this in fact means that someone suffered a cost from this. The current economic model has cycles where money is printing, loans are reaching high levels and economy is booming. But no economy can keep printing endlessly. Even the US which is the number one economy has right now too high debt and can't be stretched further. The economists there along with the heads of finances, bankers etc, are trying to figure out a way to prolongue this for perhaps another 10 years, while having the minimum damage during this recession.

[TimopheyKa 3900]

Do you mean creating coins in such a way that it was used in the old days, gold, silver, copper? I believe that if such a system had been in place, the economy would have been completely different. Product prices would be actively changing, and there would be no need to buy gold as an investment!

[Guru2050 8284]

Gold has been in existence for several years but how many citizens can afford gold only few which are the elite or eminent or top class individuals.

So depending on gold alone for exchange of goods and services yet will not stabilize our economy, rather in conjunction with BTC the most profitable coin.

[Chief executive officer band 681]

As the economy will even out once more or around USD and crypto markets and forex online, cry Christopher Reserve Stability in the planet cutback and intimates be required to drive over in an industry that is illegal by dealing

[Sugibengi 390]

On 1/12/2020 at 8:58 AM, nicolas1234789 said:

Bitcoin become illegal, currency back into economy domination and war came without permission. No stability in world economy and people must work again in industry that control by business that's no guarantee we can get enough payment. If all country replace gold as currency like old time, do you think economy will stable again or create monopoly function like currency?

In my opinion, it is impossible for all countries to replace fiat money into gold, because gold supplies are very limited and only a few countries have gold reserves in their countries, for that cryptocurrency exists and can be used as an alternative to fiat. replacement transactions, I think cryptocurrency is a very good idea.

[Mike1515 2977]

I have always said that when you have something that has been trusted not for decades but for centuries, you better go with it , Gold has always been the best and most people do not grab this , it has always worked well for all of us in every case that we follow that is why its the best in the world. Unit of trust ,Right?

[Moaz 7239]

Of course, investing in gold is a profitable thing, especially in light of the difficult economic conditions that the world suffers from during the spread of the Corona virus, but I think that in the future many people will invest in cryptocurrencies, especially bitcoin alongside gold.

[Digital 387]

Gold is an old system of trading and investment though gold still has value in this present world but not everyone give it total attention but bitcoin is a revolution of gold but in digital way since we are in the digital world and bitcoin has so much advantage more than gold and alot of benefit contrast to that of gold.

[Chief executive officer band 681]

On 9/11/2020 at 8:24 PM, overkill11 said:

Bitcoin become illegal, currency back into economy domination and war came without permission. No stability in world economy and people must work again in industry that control by business that's no guarantee we can get enough payment. If all country replace gold as currency like old time, do you think economy will stable again or create monopoly function like currency?

It is not possible for every one of countries to exchange fiat change into gold, as gold materials are identical imperfect and only a hardly any countries control gold capital in their countries. 

 

[Kudogi 114]

Actually gold makes name ever since but do you think if we go back to there would be increase on nation wide economy

[Maaz sultan 265]

On 1/12/2020 at 6:58 AM, nicolas1234789 said:

Bitcoin become illegal, currency back into economy domination and war came without permission. No stability in world economy and people must work again in industry that control by business that's no guarantee we can get enough payment. If all country replace gold as currency like old time, do you think economy will stable again or create monopoly function like currency?

Every one gold is an stable investment and its price goes higher every day but if you know crypto trading you go with crypto currency because it is most profitable then every investment if you have knowledge of trading you can easily make double  profit then investing on gold .

[Gherkj34k 55]

On 1/12/2020 at 5:58 AM, nicolas1234789 said:

Bitcoin become illegal, currency back into economy domination and war came without permission. No stability in world economy and people must work again in industry that control by business that's no guarantee we can get enough payment. If all country replace gold as currency like old time, do you think economy will stable again or create monopoly function like currency?

Against the backdrop of the coronavirus and the pandemic, gold has lost its reserve function. In March, we saw an interesting picture, when even gold flew into position on an equal footing with stocks, currencies, and crypto

[tradecci123 25]

gold is good to have except when you need to move it around

[marea he 0]

Always gold does not lose its value at any time, and always when people save money that turns it into gold because it does not lose it, I think it is much safer than Bitcoin.

[setifien 1016]

On 9/10/2020 at 1:33 PM, Moaz said:

Of course, investing in gold is a profitable thing, especially in light of the difficult economic conditions that the world suffers from during the spread of the Corona virus, but I think that in the future many people will invest in cryptocurrencies, especially bitcoin alongside gold.

Exactly, Gold has always been trustworthy to invest in and this was the case for many decades but with the current circumstances many things have been changed (especially the concept of digital business and crypto currencies)

[galataapustina 36]

I think it looks bad to re-visitation of gold. We should just go ahead, not back to gold. We should now go to digital money, in light of the fact that these are new advances and superb focal points for achievements of individuals. It doesn't rely upon anything, as a rule, just on offering.

[Rosarvx 965]

BTC will be much better in the economy people who have cryptocurrency to pay, and gold to hold, Bitcoin can keep the value of cryptocurrency

[khan22 3478]

Now this time in the crypto market bitcoin and also other crypto currency is going to be illegal but soon the crypto market is going to be legal in all over the world and that time crypto market is going to be touch the sky.

[kryptonick 2659]

It will take a lot to move again to the gold standard. Central banks still hold but there were rumors that in the USA Fort Nox was empty. Also gold reserves are not needed, governments should use Bitcoin as reserves as there will be no need to store into vaults and pay millions every year to UK banks for gold that they can confiscate if they like.

[Ndayebo8 0]

I think the economy will stabilize again and the process of bitcoin will also return in the right direction. In that case, Bitcoin will be much better in the economy and Bitcoin can keep the value of cryptocurrency.

[Sanjana321 6]

Thanks brother for making this kind of topic because it helps to get a great kind of knowledge about every field. Gold's price doesn't keep on change time to time it would be stable for a long period of time but in the case of crypto currency is different it keeps on changing and helps to gain a great profit.

[yonkii 3205]

My friend, are you living in the middle ages? Gold as currency really? We are in the digital age and you are left behind thinking that gold has any importance? You are stuck in the past and you don't understand that technology is the future and not a mineral that doesn't even have very good features.

[godislovefll 1880]

It can happen, because there are countries with a lot of gold, but it is as you say if countries can, so not all countries have large gold reserves, so they will not be able to back their currency with the gold that a nation has, therefore it is something that maybe can happen.