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General Discussion / On The Importance of Bit.GOLD
« on: September 26, 2018, 12:25:43 pm »
Fiat currencies are constantly depreciating, most prominent being CNY or USD on this exchange. Gold has been used as a store of value for hundreds+ years. It is almost always better to store your fiat in gold than fiat itself, since gold has shown that it doesn't lose its purchasing power.
Famous quote: "Gold will store its value, and you'll always be able to buy more food with your gold."
We need to boost the Bit.GOLD market volume and liquidity, it actually almost never makes sense to store in fiat bitassets (unless gold is in a massive bubble). This is very important for traders who need liquidity in a bear market.
Thoughts?
Famous quote: "Gold will store its value, and you'll always be able to buy more food with your gold."
We need to boost the Bit.GOLD market volume and liquidity, it actually almost never makes sense to store in fiat bitassets (unless gold is in a massive bubble). This is very important for traders who need liquidity in a bear market.
Thoughts?