Bitcoin verses Silver and Gold...
If we want to have a Stable Monetary System, would we choose Bitcoin or Silver and Gold Coinage...???
Bitcoin is said to have a limited number, but that number can be Divided and Divided, over and over and over again...
As Bitcoin is Divided and Multiplied, its Value can either increase or decrease in Spending Power, which makes it very unstable...
It's very possible to need less and less Bitcoin to buy things...
Then again, it's also possible to need more and more Bitcoin to buy things...
It makes me wonder how many times Bitcoin will need to increase or decrease in Value, before it takes .00000000001 Bitcoin to equal a $100 Gold Coin...
With a $100 Gold Coin, I know it will still be a $100 Gold Coin in 10 or 20 years...
I can't say that about Bitcoin, since it is unstable...
So, after 10 or 20 years, would you prefer having a One Ounce, $100 Gold Coin or .00000000001 Bitcoin, if they both had equal Spending Power...???
Feel free to question anything I write...
Brought to you by @pocket-change...
January 27, 2022... 6.0 Hollywood Time...
I like gold and silver, but it wouldn't hurt to have some Bitcoin too.
I still think our Common Coinage will out perform Silver, Gold and Bitcoin...
January 28, 2022... 6.2 Hollywood Time...
Bitcoin and other crypto is not stable at all.
Gold and silver are way more stable
I agree... We're already using unstable currencies... I want something that will remain stable...
January 27, 2022... 14.3 Hollywood Time...
Gold and silver value will get really really high