Topic: Bitcoin is the new gold standard of the future - page 4. (Read 877 times)
Bitcoin is the digital gold of the technological era. If you know about history very well then you must have known that when financial stress comes people rush to something that can store value. The precious metal was their first choice but now they are going for bitcoin because banks are moving towards digital currencies. Bitcoin could be more valuable in the future because of its limited supply.
Crypto currency assets, including Bitcoin, are predicted to soon replace gold as a safe haven asset in the future.
Crypto currency assets can slowly replace the role of gold if problems often involve Bitcoin such as investor confidence, price volatility, regulation, and reputation.
If these problems can be overcome, then Bitcoin and other cryptocurrencies can be the choice of investors who want to diversify their portfolios.
Crypto currency assets can slowly replace the role of gold if problems often involve Bitcoin such as investor confidence, price volatility, regulation, and reputation.
If these problems can be overcome, then Bitcoin and other cryptocurrencies can be the choice of investors who want to diversify their portfolios.
It is very difficult to convert BTC into a global currency, the reasons are many:
1.- Many countries do not approve the use of BTC, but the way to introduce it is being studied through a series of strong regulations, including many taxes.
2.-The natural enemies of BTC are the majority of financial advisers to governments, who do not know very well how to act in the face of volatility.
3.- Many governments are interested in the existence of inflation, because that way they can devalue their currency to continue obtaining liquidity, such is the case of countries like Venezuela, Argentina and countries with high inflation.
4.- Governments and banks are interested in continuing to maintain control through debt, it is the easiest way to obtain dividends.
There are many more reasons, although there are options for countries such as El Salvador, which adopted BTC, now Paraguay and Argentina are willing to do so, generally countries with high inflation and that have prohibitions by the USA, it is convenient to use BTC, this can greatly help adoption, if it is for the future, BTC is the door to the economic future of a deflationary economy with zero debt.
1.- Many countries do not approve the use of BTC, but the way to introduce it is being studied through a series of strong regulations, including many taxes.
2.-The natural enemies of BTC are the majority of financial advisers to governments, who do not know very well how to act in the face of volatility.
3.- Many governments are interested in the existence of inflation, because that way they can devalue their currency to continue obtaining liquidity, such is the case of countries like Venezuela, Argentina and countries with high inflation.
4.- Governments and banks are interested in continuing to maintain control through debt, it is the easiest way to obtain dividends.
There are many more reasons, although there are options for countries such as El Salvador, which adopted BTC, now Paraguay and Argentina are willing to do so, generally countries with high inflation and that have prohibitions by the USA, it is convenient to use BTC, this can greatly help adoption, if it is for the future, BTC is the door to the economic future of a deflationary economy with zero debt.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?
Probably not as a global currency but most likely it could be the new global reserve. Most if not all countries currently use gold as their global reserve so at some point if bitcoin turns out to be more valuable than gold then it might replace gold. Besides that its easier to secure and keep 1000 bitcoin rather than securing few tonnes of gold bar
because the more the people invest the more the profitable bitcoin is but for its advantage it was already a succes .
The exact word that you should use is adopt instead of invest. There are tons of investor that purchased bitcoin just for the sake of making profit and that wont make any different at all but if there are few big companies that adopt bitcoin then things might change
It is clear that bitcoin has become a popular asset in the past few years and in a lot of ways it is compared to gold due it being a good store value, due to how it has a limited amount and can't create more of it, it is certain that its price is just going to keep on increasing, and this increase in popularity has only made big companies and investors more willing to invest into it and support it, and it is no surprise that in the upcoming years if a lot of them start accepting as a payment method it would become the gold of the digital age.
Considering it as the alternative, I see it as something more accessible and profitable, making it more preferable.
Crypto, in general, is innovative and paved many opportunities, Bitcoin is the standard, and hopefully, it will bring more positive results in the future. Imagine its price in the coming years; the more people utilize it, the more possibilities for it to increase its value.
Crypto, in general, is innovative and paved many opportunities, Bitcoin is the standard, and hopefully, it will bring more positive results in the future. Imagine its price in the coming years; the more people utilize it, the more possibilities for it to increase its value.
Yes as I see Bitcoins is the most standard Cryptocurrencies an more and more people used Bitcoins because of advantage and reliable of this crypto that's why more people want to use Bitcoins in a way of trading and investment .
Not just trading, but as means of payment. Bitcoin is a digital Gold everyone wishes they have own before it exploded in price, I wonder what will be in the mind of person that bought 1 pizza for 10 btc, a dream I wouldn't ever pray to see in my sleep, as I'm yet to forget the small mistakes I have made in the past.
I wish Bitcoin can be scale without having limit of transaction and very fast confirmation without delay of any sort, bitcoin will become beast.
Bitcoin is a real opportunity to rebuild a fully decentralized financial system based on true trust. It is the gold standard in the crypto world and the foundation that allows computers to connect and communicate. As more and more people begin to use cryptocurrency, the support of institutions and governments should be of great help in accelerating the adoption of cryptocurrencies in mainstream sectors, and this feat is expected to enhance its value.
The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.
Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?
https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/
Yeah agreed. The trust built within is so strong that now it evolves into an investment rather than utility. The trust made was due to its revolutionary protocol that every people would understand that it is the future of money. However, I don't see it as a global currency. Many countries ban it so it wouldn't be possible as of now. But I just hope it would in the near future. The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.
Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?
https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/
Apart from becoming a new monetary standard in the not so distant future, Bitcoin use as a way to avoid state surveillance and easy handling of wealth should be already a sign of bitcoin victory over the current system.
Talking about gold, without realizing the true potential of bitcoin to replace everything that gold has done in the monetary system is a bit narrow-minded to me.
I don't know about state surveillance but they seem to be pretty good with invasion in privacy so if you are using a computer that is connected to the Internet that's controlled or monitored closely by the state, I think that there's not going to be any difference since they will still see your online activities and there's public ledger that they can use to trace who owns those bitcoins that they're looking for. Unless there's a fix for volatility, bitcoin will never be considered like gold standard and gold standard is an obsolete system that was take over by Bretton Woods and even that is already obsolete. Talking about gold, without realizing the true potential of bitcoin to replace everything that gold has done in the monetary system is a bit narrow-minded to me.
Apart from becoming a new monetary standard in the not so distant future, Bitcoin use as a way to avoid state surveillance and easy handling of wealth should be already a sign of bitcoin victory over the current system.
Talking about gold, without realizing the true potential of bitcoin to replace everything that gold has done in the monetary system is a bit narrow-minded to me.
Talking about gold, without realizing the true potential of bitcoin to replace everything that gold has done in the monetary system is a bit narrow-minded to me.
It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.
People are now keep coming to know more about cryptocurrency which so happen that every people I've met only knew to call cryptocurrency as a bitcoin. Bitcoin is a very popular cryptocurrency today and I am very much positive that we are expecting for a good future of cryptocurrency especially bitcoin. I believe that bitcoin will be set as the new standard of currency and now it is set as the newest standard for investment however this might take years and still the existence and the value of gold were irreplaceable.
Bitcoin is a real opportunity to rebuild a fully decentralized financial system based on true trust. It is the gold standard in the crypto world and the foundation that allows computers to connect and communicate. As more and more people begin to use cryptocurrency, the support of institutions and governments should be of great help in accelerating the adoption of cryptocurrencies in mainstream sectors, and this feat is expected to enhance its value.
The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.
Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?
https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/
The unique attributes of Bitcoin enable it to surpass modern and ancient currency at the margin and provide a powerful impetus for its growing popularity. In particular, the effective combination of censorship resistance and absolute scarcity has always been a powerful driving force for wealthy investors to allocate part of their wealth to new asset classes.
Because Bitcoin can be easily transferred across borders and does not require a banking system, it has become an ideal currency for people who want to escape hyperinflation. In the next few years, as fiat currency continues to follow its historical trend towards the lowest point, Bitcoin will become an increasingly popular choice for global savings. When a country’s currency is abandoned and replaced by Bitcoin, Bitcoin will transform from a store of value in that society into a generally accepted medium of exchange. In the future, if Bitcoin eventually becomes the global reserve currency, then the first countries to accept Bitcoin will get the most benefit on their balance sheets.
At some stage in the future, will Bitcoin be the new gold standard and possibly become a global currency?
https://bitcoinist.com/50-years-later-why-bitcoin-is-the-new-gold-standard/
Bitcoin indeed paved way for so many opportunities other investment vehicles can't offer. The mass adoption of bitcoin brings more alternatives and choices in terms of payment method for the users. In addition, the adoption of bitcoin to most countries and establishments gives a higher possibility of it to have an increase of value. Adoption of bitcoin most especially by big companies such as Amazon can attract many potential investors that can benefit our community.
Bitcoin is one of the best options of people to store their assets to avoid inflation. Bitcoin is lesser prone to inflation compared to fiat and other store of value. It is claimed to ba a safe haven because bitcoin's value increases as time passes by like gold. Hence, the reason why it is always being compared with gold - both are of limited supply, scarce, and its value increases because of high demand, limited supply.
However, despite all the good things bitcoin has to offer, i don't think the government and central organizations will allow it to be the global currency. Simply because bitcoin is decentralized and volatile. They cannot control nor manipulate it. They can't just produce more of it when they want and need to compared with fiat.
Bitcoin has changed from a digital code to a digital gold that many people seek.
no it didnt changed at all . btc is digital so it was coded , it was them people that termed btc as a digital version of gold because maybe they saw some similarities .Quote
The advantages and reliability of bitcoin will be very successful in the future.
the reliability can be improved in the future because the more the people invest the more the profitable bitcoin is but for its advantage it was already a succes . It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.
People are now keep coming to know more about cryptocurrency which so happen that every people I've met only knew to call cryptocurrency as a bitcoin. Bitcoin is a very popular cryptocurrency today and I am very much positive that we are expecting for a good future of cryptocurrency especially bitcoin. I believe that bitcoin will be set as the new standard of currency and now it is set as the newest standard for investment however this might take years and still the existence and the value of gold were irreplaceable.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better.
Bitcoin has changed from a digital code to a digital gold that many people seek. Bitcoin is currently the most valuable digital currency on the market, and it is also the king of cryptocurrencies.There is no central bank and government support behind bitcoin. The only thing it has is the consensus that people desire freedom. Bitcoin's technology has the potential to change the world, and its technology and ideas give people freedom. The advantages and reliability of bitcoin will be very successful in the future.
Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat.
Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.
Times change, and even if gold was without a doubt the best store of value that you could hope for thousands of years bitcoin is better in almost every aspect, probably the only disadvantage that it has compared to gold is that in the case of gold people can very easily understand its value just by looking at it, gold looks valuable and bitcoin is just a bunch of numbers on your computer screen and many people fail to see how that represents value.Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.
It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.
Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better.
Bitcoin has changed from a digital code to a digital gold that many people seek. Bitcoin is currently the most valuable digital currency on the market, and it is also the king of cryptocurrencies.There is no central bank and government support behind bitcoin. The only thing it has is the consensus that people desire freedom. Bitcoin's technology has the potential to change the world, and its technology and ideas give people freedom. The advantages and reliability of bitcoin will be very successful in the future.
Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat.
Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.
Times change, and even if gold was without a doubt the best store of value that you could hope for thousands of years bitcoin is better in almost every aspect, probably the only disadvantage that it has compared to gold is that in the case of gold people can very easily understand its value just by looking at it, gold looks valuable and bitcoin is just a bunch of numbers on your computer screen and many people fail to see how that represents value.Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.
It's time for us to focus more on Bitcoin right now, where everything has started to turn digital. I'm not saying investing in Gold is bad, but see
the performance of Bitcoin is much better and the increase in value is higher than Gold. Even if we compare the profit we make from Bitcoin is
much greater than investing in Gold. It is true that Bitcoin's weakness is that the price is very volatile and may be related to legality in some countries.
But that's not a problem, if we want to learn Bitcoin more deeply, so that we know how to use Bitcoin well.
Even I consider BTC more precious than gold, I can call it a diamond.
It is because it is what we own mostly and I do think of the same because I don't have gold. 
We all have different expectations of bitcoin in the future and some of it might happen while some of it may not. In terms of preference, we cannot force people to choose bitcoin over gold because for sure, they have their own reasons for doing so. It should not even be a competition too, the value of bitcoin and gold is both very high and could both be an ideal storage of your investment. In the future, we might actually see bitcoin becoming a recognized currency or if the predictions would come to life, it might be the very single currency the whole world will be using.
There are people that are bound to gold investments and they'll stay there for sure because it's the traditional asset that they find suitable for them. It's about being confident and comfortable with our own choice of investments and today, we're in the community that we do like bitcoin so it's not a hard option because we're all in for bitcoin. 
Yes, at the moment Bitcoin is succeeding as a substitute for gold but much better. It is like google maps to paper maps. Although we cannot say it definitely yet, we will have to wait for the Bitcoin to surpass gold in market cap. At that point the defenders of gold will have to admit defeat.
Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.
Times change, and even if gold was without a doubt the best store of value that you could hope for thousands of years bitcoin is better in almost every aspect, probably the only disadvantage that it has compared to gold is that in the case of gold people can very easily understand its value just by looking at it, gold looks valuable and bitcoin is just a bunch of numbers on your computer screen and many people fail to see how that represents value.Apart from that, we will have to see if tomorrow it will be used effectively as a currency and as a unit of account.
Jump to: