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❕NEWS On-chain Analyst Willy Woo Describes Bitcoin as Decentralised Gold

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Willy woo is an analyst in On-chain, in his recent tweet he said that using gold as standard for Bitcoin by calling Bitcoin digital gold is doing the number one Cryptocurrency by market cap a lot of disservice. His tweet emphatically pointed out Gold failed because it was centralized and led to fiat. However, Bitcoin as Decentralised gold "removes gold's failure." Crypto analyst and journalist Joseph Young said that Bitcoin is still ahead of gold in profits year to date.
Did you agree with his opinion despite the current bearish moment in bitcoin?
 
Last year was a good run for bitcoin, hope this year and the next are also good for bitcoin so that more and more people use and adapt it.
 
Last year was a good run for bitcoin, hope this year and the next are also good for bitcoin so that more and more people use and adapt it.
The last two months has not been wonderful or progressful for cryptocurrencies but like you said let hope so though most of the activities to cushion the effect of the crackdown may take a while.
 
The current bearish run still dosent changes the fact that bitcoin have more potent
The current bearish run still dosent changes the fact that bitcoin have more potential to suceed than gold on the long run, i think he is right and definitely bitcoin is still on top with more companies accepting the use
 
The current bearish run still dosent changes the fact that bitcoin have more potential to suceed than gold on the long run, i think he is right and definitely bitcoin is still on top with more companies accepting the use
You may be right because the level of adoption of bitcoin despite the bearish movement in the market shows that it is likely to recover more success when the market is recovered and pumping.
 
You may be right because the level of adoption of bitcoin despite the bearish movement in the market shows that it is likely to recover more success when the market is recovered and pumping.
It will recover definitely because there are good indicators that it will recover, since more peol
 
Bitcoin is as precious as gold during the bull period and it has also attract lovers more than gold itself. Infact in cryptocurrency world , bitcoin is a gold by ranking.
 
Bitcoin is as precious as gold during the bull period and it has also attract lovers more than gold itself. Infact in cryptocurrency world , bitcoin is a gold by ranking.
It is more reason why Willy Woo tagged it to be decentralized digital gold. It is available for all regardless class. No regrets despite the bearish movement.
 
It is more reason why Willy Woo tagged it to be decentralized digital gold. It is available for all regardless class. No regrets despite the bearish movement.
I have suffered hugely from bitcoin dip but I am certain that very soon there will be joy in the morning. It's all about being patient for this to happen
 
I have suffered hugely from bitcoin dip but I am certain that very soon there will be joy in the morning. It's all about being patient for this to happen
Yeah and if is better to be very optimistic because the dip can't last forever, a time will come when it will pump again but Funndamentally we have learnt a lot during this dip.
 
The issue here is that no one knows how long this will happen. It might run till December or even next year. This is why people should invest with what they can afford to lose.
Yeah and if is better to be very optimistic because the dip can't last forever, a time will come when it will pump again but Funndamentally we have learnt a lot during this dip.
 
Willy woo is an analyst in On-chain, in his recent tweet he said that using gold as standard for Bitcoin by calling Bitcoin digital gold is doing the number one Cryptocurrency by market cap a lot of disservice. His tweet emphatically pointed out Gold failed because it was centralized and led to fiat. However, Bitcoin as Decentralised gold "removes gold's failure." Crypto analyst and journalist Joseph Young said that Bitcoin is still ahead of gold in profits year to date.
Did you agree with his opinion despite the current bearish moment in bitcoin?
I do 100% agree with Willy. I think the term currency does not be the correct one for BTC, it is an investment rather than a exchange system as currencies.... no one would go an buy a coke with BTC nowadays - neither with gold nuggets.
 
I do 100% agree with Willy. I think the term currency does not be the correct one for BTC, it is an investment rather than a exchange system as currencies.... no one would go an buy a coke with BTC nowadays - neither with gold nuggets.
Bitcoin is a currency buy a digital one for that. There restaurants that accepts bitcoin as payment method. There shops as well.
 
Even though right now the market is at low.. there is a good chance that the next bullish run we will see will surpass the last one we had
 
I agree with willy. Gold has always been a resource with high value but was not available to everyone as the price and availability was high but bitcoin is available and can be sold in minimal quantities.
 
Yeah I think Bitcoin will continue to be more outstanding despite the activities of the market. It is a great coin that will still be here for a long time
Yeah I also believe it will be existing despite all odds for it to fall ,the only best thing to do now is to invest ahead ,if your aim is to make more gain from the market
 
Yeah I also believe it will be existing despite all odds for it to fall ,the only best thing to do now is to invest ahead ,if your aim is to make more gain from the market
I think people are really taking advantage of it now to get more profit in the future when they are ready to make a sale so yeah that's the way to go for now
 
I think people are really taking advantage of it now to get more profit in the future when they are ready to make a sale so yeah that's the way to go for now
Those people taking advantage of the market to benefit through we surely going to reap and enjoy the gain associated to the market and the benefit too
 

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