You should read
the next post which is about 'cryptocurrency and gold' to understand the topic
clearly.
Other posts about investment:
Egyptian
Civilization and Cryptocurrency
Gold has been maintaining its value for nearly 5,000
years. It is a little difficult for us to understand crypto money without
knowing where gold gets this value. Because cryptocurrencies are a kind of
digital versions of gold that have been used as the value protection tool since
Ancient Egypt Civilization.
So
can they replace gold?
You
may not be familiar with cryptocurrencies. However, in the past five years, we
have seen that coins in the crypto market are gaining value over
time. So it is good to be familiar. The main reason for this appreciation is
that they are compared to gold by investors.
As you know, gold
has been used by civilizations as a means of value protection and investment
for thousands of years. There are certain reasons why gold has been used as a
'perfect value protection tool' for thousands of years. It is not a
coincidence or a process formed in Lydian at the initiative of the
entrepreneurs in 500 BC for thousands of years. It is necessary to mention a
history dating back to the early civilization of Egypt, that is, to the
2000s BC.
At that
time, Egyptian pharaohs gave great importance to gold mines. Since
gold is a mineral that does not deteriorate over time, gold was used in
buildings and furniture. Since the people were employed as slaves in the gold
mines and did not have access to gold due to the scarcity of gold, gold was
seen as the 'God mine' in slaves' eyes. It was a precious metal used
by their gods, the pharaohs, that they could never use.
It should not be
surprising to hear that some of the gold currently available on the market is
still the gold that these poor people in ancient Egyptian civilization made.
Because, as I said, gold is not a mine that can age.
In fact, there are three important criteria that distinguish gold from other
precious metals:
1-Not to lose its
value
2-Requires a great
deal of effort
3-Limited
availability
"What is the
similarity of cryptocurrencies with this?"
You can read
the post in which I explain how not to be able to say no to people
affected my life in detail in this link.
If you are
interested in online money making, career, personal development, investment and
entrepreneurship and want to make more money, stay tuned!
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