Bitcoin has the core properties of gold:
Scarcity, the amount of gold on the earth is fixed, the total amount of bitcoin is 21 million, is also fixed!
Difficult exploitation, with the passage of time, the basic had been mined gold on the surface of the earth, the mining of gold increasingly difficult, COINS every 4 annual output halved, dig the difficulty bigger and bigger, this is the same.
Topic: Bitcoin is gold? - page 9. (Read 879 times)
No one admits bitcoin is the same as gold - a kind of money that is not government-backed, but is widely accepted as a form of global value accumulation. Gold has had thousands of years of history used as money. Gold is accepted by central banks. Gold supply is really limited and it has intrinsic value. However, bitcoin does not have these characteristics. However, this does not mean that we should not care about bitcoin. Perhaps the monetary world is changing, and perhaps buying bitcoin is a long-term measure of wealth accumulation.
Its more than gold... Bitcoin always rising in huge amounts..
in my opinion I believe that bitcoin is also worth more than gold, because it brings benefits for life and is the source of economic stability, investment in bitcoin it is a long-term investment and it is possible for us to bring a huge profit source When the value of bitcoin rising, hope bitcoin will develop strong and widespread.
Most equally, most people believe in what can be touched. Gold and oil will always be in price. A crypto currency is not justified by anything. First bitcoin, then his place will be taken by another, the third. Now it is profitable, because many do not have access to gold and other prices of products, all are busy.
I think bitcoin is not gold.I think it's a lot more valuable than under Bitcoin.Bitcoin will reach much higher prices with the development of technology.Just wait.
I also think the same, in my opinion gold is really over valued. If we see the real life application, it completely fails in present scenario. Earlier women used to wear gold ornaments but now this trend is decreasing because of safety concerns. There are thousands of gold stealing cases occurring in my neighborhood everyday.
If you see the price, they are the same. But still gold is better, when it comes in investment. Because gold is increasing year after year, while BTC has no stable price.
Will its possible the bitcoin will be gold someday. But for me bitcoin is great than gold. Because of his unstable price. It gives time to buy and sell
Gold has little advantage to be a medium of exchange. However, investors still hold gold in the asset portfolio as a way to counter inflation. They own gold because they do not trust the central bank. More and more investors are holding Bitcoin. Many people are searching on Google for buying Bitcoin rather than gold. They argue that Bitcoin prices will continue to rise. Many people do the same thing but with gold; Its price is considered independent of other asset classes, as well as with the level of inflation of legal money. Therefore, like gold, Bitcoin can somewhat store the asset value of investors.
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?
Maybe yes if bitcoin will become mire popular and trending for the up coming years and if there still a lot of people used bitcoin as they currency and maybe bitcoin will be have a value like gold if bitcoin will offer high amount and value of money, maybe that is one of the reason if bitcoin will 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 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?
Bitcoin has not yet passed the test of its value in time, therefore its comparison with gold is questioned. However, Bitcoin has nowadays reached a value well above the price of gold and it has become a much more profitable investment than this.
The role of Bitcoin as a new gold - a safe haven for investors - continues to hold.
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?
It does not need to be gold, it is way better than it already. Just consider a scenario where you have to pay $100000 for a deal , what will you prefer paying in bitcoins or kgs of gold ?
I think it's a lot more valuable than under Bitcoin.So bitcoin is not gold.However,both are treated as assets.But there is some doubt about Btc existence in the future,not about gold.
Maybe it could, but in a sense, Bitcoin more trust from humans as a valuable asset than Gold. because Bitcoin has a higher value than Gold. But if to replace in the real sense of course can not. because Bitcoin is a digital Goods, while Gold is a real Metal. if in this sense, Until whenever Bitcoin will not be able to replace Gold.
Bitcoin isn't gold and it isn't money. Bitcoin is a new asset class. That is the reason why regulators can't utilize current legislation to it regulations. And I think they shouldn't do this
I think bitcoin is not gold.I think it's a lot more valuable than under Bitcoin.Bitcoin will reach much higher prices with the development of technology.Just wait.
i think its more then gold or i say digital gold
Not at all in my humble opinion.Firstly we must admit the fact that various countries always find ways of keeping their economies running and will prevent any attempt aimed at collapsing their economies.So currencies are a worldwide means of transacting business and this will continue to go on till probably eternity.Countries may move to their own digital currencies in future but it is unlikely they will move to bitcoin and so that will make it highly unlikely for bitcoin to replace such currencies.In any case,digital currencies may become the next gold but not bitcoin specifically as it stands now.
if in my view. bitcoin is more valuable than gold. because bitcoin prices are much more expensive if we compare with gold.
bitcoin is created in a certain amount while every bitcoin is bought. definitely the bitcoin price will be going up .As more people join investing in bitcoins. undoubtedly Set of bitcoin will run out. if the price is always gold we can estimate and setabil. because gold every day in mine and the amount will always increase .
bitcoin is created in a certain amount while every bitcoin is bought. definitely the bitcoin price will be going up .As more people join investing in bitcoins. undoubtedly Set of bitcoin will run out. if the price is always gold we can estimate and setabil. because gold every day in mine and the amount will always increase .
I agree with for me as well bitcoin as of today is more valuable than gold because of the value of bitcoin and it is popular nowadays . Good for.long term investment. One thing that good about gold that bitcoin doesn't possess is that gold has a fixed value while bitcoin is cryptocurrency and is very volatile but when it pumps it really is very high and you can earn big time but when it declines it also fall down really fast. but for the value I will go with bitcoin.
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