Bitcoin the new gold - page 10. | Bitcointalksearch.org

BitHodler

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Quote from: Vinalians on August 22, 2017, 03:10:24 AM

No it isn't bitcoin is more better than gold, gold is centralized that's why some people can manipulate the price of it, many of the politicians can corrupt it. while bitcoin is decentralized no one manage, meaning that bitcoin is well balance so it can't be the new gold it is the better gold.

Gold's market is heavily being manipulated by governments, but Bitcoin in the same way is also getting manipulated heavily be a certain number of elite market movers.

The most important aspect of gold, and Bitcoin at the same time, is that you can store your wealth outside the governmental and banking system. In terms of gold, this is assuming you own it in physical form.

Gold that people own on paper or in form of certain financial instruments don't count, just like the Bitcoins you store in online wallet services and exchanges don't count.

azguard

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Quote from: Rizky Aditya on August 22, 2017, 09:34:34 AM

Quote from: Bitcoincole on August 21, 2017, 05:22:50 AM

Quote from: azguard on August 21, 2017, 03:53:51 AM

Quote from: mrayazgul on August 20, 2017, 12:20:05 PM

For those of you that do not know, gold was chosen for the gold standard for the purpose of backing currency because it cannot be destroyed . Maybe destroyed isn't the right word. It was chosen because other metals tarnish and Decay over time. In that respect Bitcoin and gold have that in common except for the fact that bit going to can be burnt and lost. Both are considered Commodities legally. That is about the point where they split.

Good point but here is little hard to determine what is good and what is not that good. Gold is good option cuz all major if not all countries using gold as let say cold storage, but in case of bitcoin he is more like digital gold but not just like real one. Again many consider that bitcoin will be new gold but he need to be physical for that.

Yeah, in some reason we can say bitcoin is like a digital gold nowadays but the sad factor is the saddin up and down of the rate value of the currency exchange.

Definitely bitcoins are the new gold of the era. I would rather like to pay tribute to bitcoins for making our lives comfortable and easier by calling them ‘digital diamonds’. They are going to grow in the coming years and will be rising much higher in value than we can even imagine. Let us all stay loyal to our bitcoins to have a great future.

Bitcoin is sure new type gold in any way of this word. This will be future in any possible way and outcome. Why is that, all think that cuz of current value but image in let say 5 years price could be atomically high also can be little higher then current one. This makes bitcoin more interesting with each day and with new users coming every day.

Rizky Aditya

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Quote from: Bitcoincole on August 21, 2017, 05:22:50 AM

Quote from: azguard on August 21, 2017, 03:53:51 AM

Quote from: mrayazgul on August 20, 2017, 12:20:05 PM

For those of you that do not know, gold was chosen for the gold standard for the purpose of backing currency because it cannot be destroyed . Maybe destroyed isn't the right word. It was chosen because other metals tarnish and Decay over time. In that respect Bitcoin and gold have that in common except for the fact that bit going to can be burnt and lost. Both are considered Commodities legally. That is about the point where they split.

Good point but here is little hard to determine what is good and what is not that good. Gold is good option cuz all major if not all countries using gold as let say cold storage, but in case of bitcoin he is more like digital gold but not just like real one. Again many consider that bitcoin will be new gold but he need to be physical for that.

Yeah, in some reason we can say bitcoin is like a digital gold nowadays but the sad factor is the saddin up and down of the rate value of the currency exchange.

Definitely bitcoins are the new gold of the era. I would rather like to pay tribute to bitcoins for making our lives comfortable and easier by calling them ‘digital diamonds’. They are going to grow in the coming years and will be rising much higher in value than we can even imagine. Let us all stay loyal to our bitcoins to have a great future.

rikybrosh

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Quote from: phr0stbyt3 on August 13, 2017, 01:47:50 PM

It surely is i sold most of the gold i had i sold them and bought more bitcoin at 1800$ really happy with the profit i tried a trading strategy and sold at 4100$ i knew the price would fall one point of time but didn't realise the highest point would be 4150$ now I'm waiting for a drop till if it climbs back again i rebuy bitcoins again

Now bitcoin still can be mined as gold but when bitcoin reach the maximum amount, the demand will be much higher and the price will keep increasing.

Vinalians

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No it isn't bitcoin is more better than gold, gold is centralized that's why some people can manipulate the price of it, many of the politicians can corrupt it. while bitcoin is decentralized no one manage, meaning that bitcoin is well balance so it can't be the new gold it is the better gold.

Wingo

full member

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I sometimes think of investing on other altcoins, believing that its price will go up someday. But compared to the price of bitcoin as of now, it is too far. The growing reputation of the usage of digital currencies is what made me think that the price of bitcoin will constantly grow.

Comparing to gold, bitcoin is better as of today. investing on gold can take many years to atleast get a 50% profit. With bitcoin, the price fluctuates in a faster rate. If you invested in the right time then you will get profit in just a short period of time. The only advantage of gold is that it will exist forever and in bitcoin, no one knows how long it will live.

Bitcoincole

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Quote from: azguard on August 21, 2017, 03:53:51 AM

Quote from: mrayazgul on August 20, 2017, 12:20:05 PM

For those of you that do not know, gold was chosen for the gold standard for the purpose of backing currency because it cannot be destroyed . Maybe destroyed isn't the right word. It was chosen because other metals tarnish and Decay over time. In that respect Bitcoin and gold have that in common except for the fact that bit going to can be burnt and lost. Both are considered Commodities legally. That is about the point where they split.

Good point but here is little hard to determine what is good and what is not that good. Gold is good option cuz all major if not all countries using gold as let say cold storage, but in case of bitcoin he is more like digital gold but not just like real one. Again many consider that bitcoin will be new gold but he need to be physical for that.

Yeah, in some reason we can say bitcoin is like a digital gold nowadays but the sad factor is the saddin up and down of the rate value of the currency exchange.

azguard

legendary

Activity: 1484

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Crypto-News.net: News from Crypto World

Quote from: mrayazgul on August 20, 2017, 12:20:05 PM

For those of you that do not know, gold was chosen for the gold standard for the purpose of backing currency because it cannot be destroyed . Maybe destroyed isn't the right word. It was chosen because other metals tarnish and Decay over time. In that respect Bitcoin and gold have that in common except for the fact that bit going to can be burnt and lost. Both are considered Commodities legally. That is about the point where they split.

Good point but here is little hard to determine what is good and what is not that good. Gold is good option cuz all major if not all countries using gold as let say cold storage, but in case of bitcoin he is more like digital gold but not just like real one. Again many consider that bitcoin will be new gold but he need to be physical for that.

Bakote16916

newbie

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What I see and observe bitcoin skyrocketing is real if bitcoin is called a gold substitute, because until now bitcoin can be a modern investment in this era if it remains stable or up from time to time.

olushakes

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Comparing bitcoin with gold will be something that I will say I'll thought because they are not the same in anyway and they set out to achieve achieve different objectives which is one fundamental thing to consider. While one set out to be primarily an asset, the other set out to replace the fiat and give everyone freedom from the shackles of the banking and government institutions.

HalfDeck

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Quote from: PokerFace3 on August 20, 2017, 03:35:43 AM

Quote from: Mpamaegbu on August 19, 2017, 06:13:03 AM

Quote from: IIOII on August 12, 2017, 11:22:07 AM

I seriously doubt that altcoins will see more usage than Bitcoin in the future. Bitcoin has the best developer resources and the greatest acceptance as a method of payment in the real world. Most altcoins are only traded for Bitcoin and have no real market of their own.

Altcoins are a testing ground for new features. The best may be integrated into Bitcoin later. Besides that, there's a lot of innovation happening in Bitcoin development.

I do agree that Bitcoin had a first-mover advantage. But it wouldn't be the most dominant cryptocurrency today without the hard work and improvements done by Core developers.

We never can conclusively say no altcoin can overtake Bitcoin in popularity and usage. Times and climates do change. We should also expect this here. Most people didn't give BCH a chance but today that coin is around $820 barely 20 days after it was born. Who knows it may supercede Bitcoin in the future.

I can bet that it won’t be able to surpass bitcoins because if this coin is increasing in value, then bitcoins are increasing at greater speed. The bitcoin team is definitely not going to sit idle when the other such potential coins are launched in the crypto market. They will obviously improve the bitcoin technology.

To me, Bitcoin Cash just can increasing in value like @PokerFace3 said, because with 8MB blocksize I think very easy for hacker attack 51% and make the blockchain system receive error or controlled by someone, this is reason in past time have many people don't like Bitcoin Unlimit.

mrayazgul

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For those of you that do not know, gold was chosen for the gold standard for the purpose of backing currency because it cannot be destroyed . Maybe destroyed isn't the right word. It was chosen because other metals tarnish and Decay over time. In that respect Bitcoin and gold have that in common except for the fact that bit going to can be burnt and lost. Both are considered Commodities legally. That is about the point where they split.

calandra78

copper member

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Quote from: Ewox on August 13, 2017, 02:12:11 PM

Bitcoin is bitcoin while gold is gold, both are different. I can't say bitcoin is the new gold since gold had existed a few thousand years already while bitcoin had just started, though bitcoin price is rising and almost reaching the same value as gold is sold in the market but bitcoin is an element and its value does not move that much. And both are an investment and may increase its value more every year, still can't say it is the new gold.

bitcoin is indeed different and gold, gold historically viewed by society as an object of value and gold is only a hunk of stone that sparkles and limited (rare) and make it as a "mass storage device". but the bitcoin also has the same characteristics with gold but unlike gold, bitcoin can not be faked and bitcoin can you move in the world in just minutes so that I can refer to it as digital gold better.

PokerFace3

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Quote from: Mpamaegbu on August 19, 2017, 06:13:03 AM

Quote from: IIOII on August 12, 2017, 11:22:07 AM

I seriously doubt that altcoins will see more usage than Bitcoin in the future. Bitcoin has the best developer resources and the greatest acceptance as a method of payment in the real world. Most altcoins are only traded for Bitcoin and have no real market of their own.

Altcoins are a testing ground for new features. The best may be integrated into Bitcoin later. Besides that, there's a lot of innovation happening in Bitcoin development.

I do agree that Bitcoin had a first-mover advantage. But it wouldn't be the most dominant cryptocurrency today without the hard work and improvements done by Core developers.

We never can conclusively say no altcoin can overtake Bitcoin in popularity and usage. Times and climates do change. We should also expect this here. Most people didn't give BCH a chance but today that coin is around $820 barely 20 days after it was born. Who knows it may supercede Bitcoin in the future.

I can bet that it won’t be able to surpass bitcoins because if this coin is increasing in value, then bitcoins are increasing at greater speed. The bitcoin team is definitely not going to sit idle when the other such potential coins are launched in the crypto market. They will obviously improve the bitcoin technology.

Mpamaegbu

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Once a man, twice a child!

Quote from: IIOII on August 12, 2017, 11:22:07 AM

I seriously doubt that altcoins will see more usage than Bitcoin in the future. Bitcoin has the best developer resources and the greatest acceptance as a method of payment in the real world. Most altcoins are only traded for Bitcoin and have no real market of their own.

Altcoins are a testing ground for new features. The best may be integrated into Bitcoin later. Besides that, there's a lot of innovation happening in Bitcoin development.

I do agree that Bitcoin had a first-mover advantage. But it wouldn't be the most dominant cryptocurrency today without the hard work and improvements done by Core developers.

We never can conclusively say no altcoin can overtake Bitcoin in popularity and usage. Times and climates do change. We should also expect this here. Most people didn't give BCH a chance but today that coin is around $820 barely 20 days after it was born. Who knows it may supercede Bitcoin in the future.

FUKT

sr. member

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Well actually some stocks do - check the NVO Novo Resources (a gold mining start up with 10 000 km2 of land secured for gold exploration in Australia) performance on the Canadian exchange this month, but who cares.

Dux2K

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Quote from: lordquanta on August 17, 2017, 05:37:20 AM

bitcoin has gone past its gold phase, at this moment it is super duper white gold. There is nothing which matches the profit returns bitcoin is yielding. one can see that all traditional investments are way behind when it comes to the returns from the bitcoin.
Interesting this progress is continued from last two to three years.

Will say same. For the moment there is nothing that can be compared with bitcoin.

lordquanta

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bitcoin has gone past its gold phase, at this moment it is super duper white gold. There is nothing which matches the profit returns bitcoin is yielding. one can see that all traditional investments are way behind when it comes to the returns from the bitcoin.
Interesting this progress is continued from last two to three years.

Sled

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Bitcoin- in bullish time

Quote from: Williamscott on August 17, 2017, 03:29:03 AM

I think that altcoin is just a crypto complement for a trade, and in the end everyone who has altcoin will be swapped on bitcoin. The very high bitcoin price it can make a lot of people want to have bitcoin as a way to invest in the future. This can be seen from the trading index altcoin and bitcoin so many choices in the likes of many people as a way to invest.

Altcoin are just created for trading and only some of them will only become a great rival to bitcoin in the future. We already see a lot of proof for this like the altcoin exchanges in different websites that are only going up and down and it is seem that the movement of the price of the altcoins are just being played by the traders.

rickadone

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Quote from: azguard on August 16, 2017, 03:19:58 PM

Quote from: Lubang Bawah on August 15, 2017, 07:13:13 PM

This is a very interesting fact, bitcoin is progressing very rapidly and all eyes are on bitcoin. Bitcoin is the digital gold that everybody is looking for include me.

Bitcoin has become more then this when he crossed gold in price. From that point he is going up and really becoming GOLD of this time. Nothing can compare with bitcoin at the moment in price and value. And yes bitcoin is for everyone most valuable possession they have or will have in future time.

Yes, by considering the potential of bitcoin, naming bitcoin modern gold or more than gold must be more appropriate then simply comparing it with gold. I am not just considering the price value of both bitcoin and gold but the store of value capabilities and returns we could expect from bitcoin investments are the biggest differences or benefits we can enjoy from bitcoin compared to gold.

In near future people are going to value one satoshi similar to gold. Except this, I'm not finding any other way to compare bitcoin with gold.

Topic: Bitcoin the new gold - page 10. (Read 6203 times)