Bitcoin is gold? - page 5. | Bitcointalksearch.org

stayeduptolate

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Quote from: ahrispool on April 20, 2018, 01:19:53 AM

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

It’s true that bitcoin has gained a lot of popularity and has defeated gold in terms of prices but still I do believe that gold is better than bitcoin. This is because firstly, gold has way more popularity than bitcoin all over the world. Then gold have many more users who put in their money in gold than users who put in their money on bitcoin. Gold has a physical entity and is a precious metal whereas bitcoin is just a digital form of currency.

Suffoc8

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Quote from: ahrispool on April 20, 2018, 01:19:53 AM

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

Bitcoin would definitely not become the new gold, we can say that bitcoin is worth like gold, but gold has a unique characteristics that bitcoin will not have. Bitcoin is a cryptocurrency, and usually used in Computer and Online stuffs and gold is tangible and usually used in real world than in virtual world.

Makingmoney2018

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Bitcoin is the world's largest cryptocurrency. Bitcoin gold is the only fork to support both segregated witness technology and replay protection. Bitcoin gold is supposed to min able. Bitcoin gold hopes to change the paradigm around mining the bitcoin blockchain, it's an alternate fork of the bitcoin blockchain that implements changes that make mining more equitable.

Shanny44

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Yes bitcoin is more expensive than gold. In future the bitcoin is using like gold and other metals. Bitcoin is the next generation gold Kiss

Catcorn

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I think it is possible. Real gold is losing its materialistic value. Society is coming to new Era of digital technologies, precious metals and stones are not highly demanded anymore, "gold" is more like an abstract notion now. And bitcoin is a "gold" in the crypto world.

pombur

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Of course, I'm not saying that bitcoin is a new metal. And the gold metal for a long time already very few people interested. But my statement is that bitcoin can become the next generation reserve gold, on the basis of which you can create new currencies as hundreds of years ago was with the gold standard. Bitcoin as a reserve element in all respects surpasses both gold and dollars . But let's return to two more arguments in favor of the new gold standard: bitcoin can not be forged, and its accounting is as transparent as possible for all. Did you know that none of the States allows independent auditors to assess their gold and foreign exchange reserves, and we all believe them just on the word? With bitcoin, this would simply be impossible: all records — from the first to the last-are in the network. You ask, that me with these all theoretical calculations and forecasts? Only one thought: if bitcoin really goes the way of the reserve currency, its price will soar to heaven, because the market will lead to the storage of solid amounts, limiting the offer.

Jeremiesaranza

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EMMARES – Email as you know it, will never be the

Quote from: ahrispool on April 20, 2018, 01:19:53 AM

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

For me bitcoin is like gold I treasure everything it just like a tons of gold that is full of money

Hallmader

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Quote from: ahrispool on April 20, 2018, 01:19:53 AM

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

You are a bit confusing. Actually, a currency is a kind of money which is used by a certain country. You do not have to confuse money and currency. They are basically the same. The money that we all use has a specific currency and all currencies are money. Well, that would not include cryptocurrencies of course. Gold used to be the form of money before but then it became so valuable that it gradually turned into an asset. Much like Bitcoin.

zhangxie29152784

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Money is credit, money if it is not the government, behind, there is no one on this kind of strong supervision of credit guarantee, so the political and economic stability of the country's currency is inevitable as a hedge of high quality, gold as a natural international currency, with thousands of years history, its stability is beyond the BTC currency.

gurang

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Quote from: vermigerous on April 20, 2018, 01:22:15 AM

BTC is acting like a gold right now and ETH is oil. thats how it is right now.

Bitcoin is like a gold for me because maybe bitcoin will be my supporter that anytime it can support me everytime i need a money, bitcoin is just like a gold.

POM

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I don’t understand why comparing is necessary but on the other hand i also think that bitcoin is valuable as much as gold. In future it would be much more valuable than already it is now. Well, and maybe ‘digital gold’ is a better phrase

Ismat Morshed

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No,it is not.Bitcoin and Gold are not same.Gold is a metal and bitcoin is a digital currency. Bitcoin always increasing but when we buy bitcoin it's price is so high.ir when we sell it,it's price is low.

crossabdd

legendary

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Quote from: ahrispool on April 20, 2018, 01:19:53 AM

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

money, gold, and bitcoin have differences and similarities, I do not think that would be possible. money has a fixed value, and can price an item accurately. but bitcoin can not, bitcoin has a fluctuating value so it does not remain its value, it's the same as gold. and bitcoin can't replace gold, because it has different uses. the equation is all can be used for payment. but bitcoin and gold more on investment instruments.

@Mhaiang

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W12 – Blockchain protocol

People compare bitcoin to gold and i think it's really good comparison between these two different entities. While gold's market price never declines, bitcoin does. But even with its price volatility, i can say that bitcoin is the digital form of gold today.

neoandtrinity

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I agree bitcoin is digital gold; many crypto investors have coined Bitcoin as the world’s digital gold.

seandiumx20

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arcs-chain.com

Quote from: ahrispool on April 20, 2018, 01:19:53 AM

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

Yep there are possibilities

KorakPawon

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gold is rare. That is, the amount of gold is limited (there are only so many golds in the world - if it is too much then everyone can have it and gold will have no value whatsoever). Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (there is only a certain amount to be produced), Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, just like cents in Dollars or Pennies in Pounds.

Ayston

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When we discuss about the BTC in terms of price, I think it already exceeded its value, but when it come to existence gold is the best choice of everyone who doesn't have any idea or deep understanding of BTC.

wahyu.prist

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According to my observations, gold has a history of years already known to many people but if bitcoin still takes time to prove to the public that bitcoin is higher in value than gold or other currencies. Thanks

Wowcoin

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Bitcoin now are look like a gold its more valuable and many people hold bitcoin. Bitcoin price are easy going up but gold you can wait how many years before the will go up. So bitcoin is better than gold.

Topic: Bitcoin is gold? - page 5. (Read 879 times)