Topic: Bitcoin is gold? - page 7. (Read 872 times)
people investing on gold and than hold it because gold value is going up and up even not a solid break you can compare their prices every year so its a gave a good profit but now a days trend changing people giving preference to btc for good revenue they just purchase and than hold for better time as their demanding value come they sold.
I usually don't like to speculate on things I can't control, and certainly don't spend my time on conspiracy theories. However to answer your question, Bitcoin is not gold. Bitcoin is a cryptocurrency, gold is a metal. Both have different utility and both can be used to diversify an investment portfolio, increasing the expected return while decreasing risk, because of their negative correlation versus other asset classes. Both are very volatile. It is really funny that people thinks gold is "safe" when is one of the most volatile (riskiest) assets out there.
What I try to focus on are the things I can actually control. I do believe in Bitcoin, and blockchain technologies, and the way they are already changing the world. So I want to be part of that trend. Having said so, I have more Bitcoin in my portfolio, than gold.
What I try to focus on are the things I can actually control. I do believe in Bitcoin, and blockchain technologies, and the way they are already changing the world. So I want to be part of that trend. Having said so, I have more Bitcoin in my portfolio, than gold.
Do you believe btc could be in this position? BTC could become gold?
I agree that time will come the possibility that paper money will no value anymore this has a big chance to come to reality because people already discovered how good virtual currency is. The service of this system is far better than the former one or the usual money that we are now using.
But to think that bitcoin could become gold is impossible! Bitcoin hasn't have natural glory which makes gold become too precious. And if we say that bitcoin could be gold, are saying that bitcoin will defeat the gold which is the thing that will not happen. Remember this one "paper money is the represent of gold and if it will abolish by bitcoin, then, btc will just become only the gold representative"
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I agree that time will come the possibility that paper money will no value anymore this has a big chance to come to reality because people already discovered how good virtual currency is. The service of this system is far better than the former one or the usual money that we are now using.
But to think that bitcoin could become gold is impossible! Bitcoin hasn't have natural glory which makes gold become too precious. And if we say that bitcoin could be gold, are saying that bitcoin will defeat the gold which is the thing that will not happen. Remember this one "paper money is the represent of gold and if it will abolish by bitcoin, then, btc will just become only the gold representative"
This is the biggest, they are Betquin There is no relationship between him and any metal These minerals of nature and this number of the human there is no face compared to Betquin will take time and then ends but the metal remain until the end of life
bitcoin is more than gold, the price per coin alone is much different from gold. Because bitcoin is a virtual currency that is currently limited in number throughout the world. more rare the more expensive.
Nope,
But Bitcoin is more valuable than gold if you compare between two prices. obviously, bitcoin is the most valuable tools in the current world, on the other hand, Gold was being considered as the precious goods but day by day the demand of gold in decreasing because of the falling down demand. that's why for me Bitcoin is more valuable than gold.
But Bitcoin is more valuable than gold if you compare between two prices. obviously, bitcoin is the most valuable tools in the current world, on the other hand, Gold was being considered as the precious goods but day by day the demand of gold in decreasing because of the falling down demand. that's why for me Bitcoin is more valuable than gold.
BTC is acting like a gold right now and ETH is oil. thats how it is right now.
no no bitcoin is better and valuable than metal gold. bitcoin is a currency which act as digit but gold is valuable metal which is exchangable everywhere. one day bitcoin will more fleaxible than gold.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.Bitcoin BTC is already gold.
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?
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?
I think it is a difference thing. perhaps bitcoin is more valuable than gold. bitcoin is digital currency,very fluctuative and the gold is stable.
Bitcoin is surely much like a bubble in price and we cant be so sure to compare bitcoin to gold because gold has physical product and exist since the dawn of time while bitcoin is much like a currency that can be gone anytime when the market crash.
But bitcoin is clearly better than gold. After all, they both cost money just because people are willing to pay for them. Behind bitcoin is technology, it's a convenient payment system. Gold is just a yellow metal.
I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.
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?
I personally do not believe that BTC can replace the paper money. There are too many reasons to think so. Indeed, without future adjustments, the conflict over decentralized supply would seriously affect the value of bitcoin as the popularity increases. "balance / maintain value" is the characteristic that paper money can do well on its mission from the banking and government operations.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?
- If compare bitcoin like gold. I think similar and true. By the increasing value and demand of the community around the world with bitcoin, it is almost becoming a necessity and as important as Gold.
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?
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?
As of now bitcoin is like a gold, when it comes to price, but you cannot compare bitcoin to gold, since bitcoin is a medium for the transaction through internet, while gold is once use ad currency and now being used to produce jewelries etc. So bitcoin and gold has a lot of differences.
Bitcoin is showing the same properties as gold. Whenever there is a fluctuation, the price of these assets will increase, but bitcoin reacts faster and stronger than gold.
For me bitcoin is already gold because the price of it was quickly growing and many country was recognize it as payment system ,and i know in the near future bitcoin can change the world for many purposes.
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?
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?
I think it is a difference thing. perhaps bitcoin is more valuable than gold. bitcoin is digital currency,very fluctuative and the gold is stable.
Bitcoin is surely much like a bubble in price and we cant be so sure to compare bitcoin to gold because gold has physical product and exist since the dawn of time while bitcoin is much like a currency that can be gone anytime when the market crash.
BTC is not gold, it is an old crypto. I think in the future there will be an alternative to BTC
For me never be bitcoin become gold because gold is popular around of the world and the bitcoin is a new currency and the other people did not no what is bitcoin so i think bitcoin never be a gold but bitcoin is the good for investment morethan gold because we can get a good profit if the bitcoin goes up the price.
BTC is not gold, it is an old crypto. I think in the future there will be an alternative to BTC
in my opinion I believe that bitcoin is not gold but gold better because bitcoin is a smart digital currencies are created by blockchain technology, it is used by a very large community, bitcoin for a long-term and stable, and as sources of huge profits for everyone.
bitcoin like gold, it's just better
like gold because: limited supply, Universality, Value increase in time of crisis and inflation, Operation outside the banking system
Nevertheless Bitcoin is advanced form of gold, as evidenced by a number of advantages:
Excluding the possibility of forgery, Gold still can be somehow faked. Or its quantity can be reduced in the finished product
No need to carry it
Use as a means of payment
Convenience and safety
fast transaction
like gold because: limited supply, Universality, Value increase in time of crisis and inflation, Operation outside the banking system
Nevertheless Bitcoin is advanced form of gold, as evidenced by a number of advantages:
Excluding the possibility of forgery, Gold still can be somehow faked. Or its quantity can be reduced in the finished product
No need to carry it
Use as a means of payment
Convenience and safety
fast transaction
BTC is acting like a gold right now and ETH is oil. thats how it is right now.
It is an interesting comparison and I have never thought about it that way. I have seen comparing BTC to gold and LTC to silver, but ETH-oil relationship is interesting and new. Anyway, in my view, gold has thousands of years of history and it has proven time over time its utility. BTC still has to prove it will exist in 10 more years, not to speak about its capital preservation utility.
Interesting comparison? Bitcoin are close to gold and have same huge value but the most safest is gold because in bitcoin no one can sure if it still exists after ten years or more. The gold are still a gold and have a value.
Bitcoin is very valuable just like gold but there is many differences between both of them. Mainly Bitcoin is a crypto currency even if it is currently considered as an asset. While gold is considered among goods and a physical asset too. Also Bitcoin's price is more volatile, and growing up faster than gold which have more stability of its price.
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