What is the difference between the coin standard and the gold standard?

What is the Gold Standard?

The gold standard originally refers to the cash standard, which is a monetary system with gold as the standard currency.

In the currency circle, it is generally stable currency standard or legal currency standard. We call investors who earn legal currency the first place as general gold standard people, and sell the currency into legal currency as realization. Everything is mainly based on earning legal currency.

What is the currency standard?

The currency standard is the idea of based on digital currency. Generally, the majority of people are based on Bitcoin. Generally, people who hold a currency-based thinking sell legal currency into digital currency. Realize, everything is mainly to earn digital currency. .

The difference between the gold standard and the coin standard:

1. Differences in cognition. One is mainly based on earning fiat currency, thinking that in the long run, the currency will fall, and the other is mainly based on earning digital currency, thinking that in the long run, the currency will rise.

2. The methods of realization are different. The gold standard believes that selling into legal currency is realized, while the currency standard believes that selling into digital currency is realized.

in conclusion:

There are two groups in the currency circle, one is the gold standard, everything is mainly about making cash, the other is believers, everything is mainly about collecting coins. At present, most ordinary players in the currency circle are still based on the gold standard, but the real big players are mainly based on the currency standard, which represents two different thinking modes, and sometimes the boundaries are blurred, such as the bear market earns coins, and the bull market earns gold , use different strategies in different periods, and operate according to your actual situation, and you should not blindly stand in line and affect your life.

The money standard is the goal, and the currency standard is just the strategy. Our purpose of stockpiling coins is also to make money, so we must try to stockpile coins before the bull market, and then sell the coins when the bull market comes. In any market, there are ups and downs, and when it falls, you need to stock up on coins.

LLGO's mining machine full trust is to obtain digital currency at a low cost within a fixed period of time based on the currency standard for investment purposes.