Gold isn't even programmable, plus it's impossible to carry in large quantities.

DTS-05232017

In response,

@acassity

Such a dangerous comparison that, I thought you would've stopped halfway. Both (gold and bitcoin as any numis) serve the same purpose. The comparison you made was no different than comparing, the run of gold versus silver. If you would've compared stocks to bitcoin then, it would provide some talking points, for what it's worth.

Thank you,

MFAS ( @sphap-steemit)

Well truth be told, banks have been rigging the gold/silver market for years (almost a decade). They somewhat have to rig it, not so they can just make mass profits but also provide the appearance that the dollar has actual strength. Can't let the sheeple realize that their dollars are perpetually losing value and purchasing power. Proof:
https://www.bloomberg.com/news/articles/2016-04-13/deutsche-bank-settles-silver-price-fixing-claims-lawyers-say

http://www.reuters.com/article/us-gold-lawsuit-decision-idUSKCN125292

https://www.bloomberg.com/news/articles/2016-12-08/deutsche-bank-records-alleged-to-show-banks-rigged-silver-prices

http://markets.businessinsider.com/news/stocks/r-us-appeals-court-revives-jpmorgan-silver-futures-rigging-lawsuits-2017-2-1001714231

I love cryptos and hold them. I think bitcoin will be much, much higher than the price of gold provided it sticks to its 21M max creation.

Using a dollar based price to compare to items that are so different is dangerous and misplaced. Also, remember nothing goes straight up.

I think there letting bitcoin go, could be wrong, but they love something like this, we will see what the banks do. How far they let it go, or not go.

This assumes that gold is traded at fair market value. Also as a currency and not money (no intrinsic value) bitcoin and all crypto's for that matter could, in theory, go to zero. Gold, and all metals really can't, it is worth at the very least the labor of getting it out of the ground.

Gold will always be a store of value !Gold can't be suppressed by manipulated markets forever, buy when it is hated.

It's amazing how we appraise something that we can't touch. Gold and silver it's been used as money since the beginning of every civilization!

As long as the London fix keeps suppressing the price with paper gold it won't have any yield.  Natural and man-provoked events could wipe out bitcoin market in it's entirety.  Theres a reason why gold has stuck around as currency for the massive empires and civilizations that have passed.  It all goes back to gold.

People may think gold is outdated but when the electricity is cut off I think you would really wish u had some gold coin in your pocket. I'm slowly getting into crypto but at the same time I prefer to have the metal because it is time tested. I have some coins which are over 1000 years old and they still have value when I take them to the pawn shop. 😁