Bitcoin is digital gold and I consider it more valuable than gold at this moment and will continue to growing bigger than gold.
"We believe one of the drivers [of bitcoin] is crypto-currencies are cannibalizing demand for gold,"
https://www.cnbc.com/2017/07/07/strategist-tom-lee-weighs-sees-bitcoin-going-as-high-as-55000.html
Bitcoin price has reached new ATH over $4300 cross global exchanges and it seems gold value will decline until the end of this year.
Look at gold price (-0.18%); https://www.moneymetals.com/precious-metals-charts/gold-price
Topic: Bitcoin the new gold - page 12. (Read 6274 times)
I think that Gold and Bitcoin are the closest investment tools because there is a certain usability area with limited supply, and both of Gold and Bitcoin are digestible, I think Bitcoin gold technological version.
Yeah it is true. I would agree with you. We can compare bitcoin to gold without thinking anything as both are the same. Both have got high value, both are really costly, whoever owns any of these two is considered to be a real rich man. As he has a lot to spend. and this is just a matter of time we will see the bitcoin will nearly be compared to diamond. And that time not so far. I think that Gold and Bitcoin are the closest investment tools because there is a certain usability area with limited supply, and both of Gold and Bitcoin are digestible, I think Bitcoin gold technological version.
Bitcoin gold technological version is not right .Bitcoins and Gold are different in properties and price value and the mere thing that bitcoins now are engaging to every country that can more boost its value. Bitcoin is more than a gold now. 
I've been analyzing all this happening with bitcoin and I'm coming to the following conclusion:
Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.
Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.
In Bitcoin we trust, god bless you all
Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.
Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.
In Bitcoin we trust, god bless you all
There is a lot of truth to this.
The core issue is trust. With state issued currency, the government is saying 'trust us'. With gold or Bitcoin, there is no need for trust.
When people finally realize their trust has been abused by the alliance of governments, central banks, and bankers, they will want to hold a currency that needs no trust. In fact, my theory is that the elites themselves (who best know how the system works) are supporting gold (and now Bitcoin) to prepare for the day when they will need to support their currency by (in effect) pegging it against one of the non-state currencies.
It would be nice if human beings could trust each other on issues like these. Sadly, that day is not here, and we have to act according to reality.
Bitcoin is like gold standard for others cryptocurrency. Bitcoin is the new gold though it value has surpassed three times one oz of gold. Bitcoin is currently trading above $4,285 and it seems to me that bitcoin is the most valuable assets now all over the world. You have few bitcoin you are a millionaire in your local currency.
Gold and bitcoin are kinda complementary. Bitcoin strengths are golds weaknesses and golds strengths are bitcoins weakness. For example, gold is stable, whereas bitcoin is volatile, combining both is the best way forward for those who can afford it.
Bitcoin and gold are fundamentally different things. And bitcoin can never replace gold. Because the main idea of bitcoin is decentralization and the lack of physical value. So bitcoin can not be the basis of the world economy.
I've been analyzing all this happening with bitcoin and I'm coming to the following conclusion:
Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.
Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.
In Bitcoin we trust, god bless you all
Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.
Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.
In Bitcoin we trust, god bless you all
Please, Alt coin is useful and used a lot but it alt coin will never surpass Bitcoin because Bitcoin is always there for alt coin to be in the movement so whoever creates there value cant be used less than who has value because of Bitcoin.
My Point of View Bitcoin id Bitcoin and Gold is Gold, They are not comparable to each other
I Believe you are not going to make a set of Jewelry of Bitcoin and wear it
Gold is asset, used to make Jewelry, Cannot be send from one wallet to other wallet as a form of payment or transfer to anywhere in the world as easy as Bitcoin.
So I think everything. Just what will you do if bitcoin starts with the same speed or even faster to fall down? You must understand what ever the price may increase and someday it will happen. It seems to me that it is too early to speak about bitcoin as a reliable investment.
Price Could fall down but if you see from bitcoin startup till now Bitcoin has always created bottom line, Which its never going to break again so depending on how you want to invest and what are your plans of investment, if your investment is unplanned not only Bitcoin anywhere and anything will be worst but if you have proper plan than Bitcoin is reliable investment
Gold and bitcoin are kinda complementary. Bitcoin strengths are golds weaknesses and golds strengths are bitcoins weakness. For example, gold is stable, whereas bitcoin is volatile, combining both is the best way forward for those who can afford it.
If you think there is a direct correlation between AU and BTC, there is not, so don't bet your profit on it. 
Gold and bitcoin are kinda complementary. Bitcoin strengths are golds weaknesses and golds strengths are bitcoins weakness. For example, gold is stable, whereas bitcoin is volatile, combining both is the best way forward for those who can afford it.
Gold is a precious metal which is partly used in the production. So it will be necessary in the future. Bitcoin could move to zero in the future.
I've been analyzing all this happening with bitcoin and I'm coming to the following conclusion:
Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.
Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.
In Bitcoin we trust, god bless you all
So bitcoin is the new god(like the saying "In god we trust and god bless you all" idk much about it so don't kill me). I don't know how many million gods people create every day . But bitcoin being the new gold may or may not be possible. Agreed that all the things you said are somewhat true but bitcoin is not assured of replacing gold, bitcoin has good features but gold is something that will take years to get replaced even if it gets extinct. But the Price of bitcoin it's going to increase which i can assure you.Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.
Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.
In Bitcoin we trust, god bless you all
God was just mentioned as a sort of expression. It is amazing how bitcoin surpassed gold value. Right now gold cannot be easily replaced as it is also basis of each nations currency circulation. But what we have to understand is that the gold circulation around the globe is worth in trillions of dollars (currently at 7 trillion?) compared to bitcoin at 70.7 billion dollars.
I've been analyzing all this happening with bitcoin and I'm coming to the following conclusion:
Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.
Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.
In Bitcoin we trust, god bless you all
So bitcoin is the new god(like the saying "In god we trust and god bless you all" idk much about it so don't kill me). I don't know how many million gods people create every day . But bitcoin being the new gold may or may not be possible. Agreed that all the things you said are somewhat true but bitcoin is not assured of replacing gold, bitcoin has good features but gold is something that will take years to get replaced even if it gets extinct. But the Price of bitcoin it's going to increase which i can assure you. Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.
Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.
In Bitcoin we trust, god bless you all
Lets not forget that gold has value in itself (it's used in many industrial applications, not just jewellery) and its existence does not depend on miners nor electricity. Play with it, just do not put all your money in it.
Bitcoin is now nearly triple the price of gold:
https://www.cnbc.com/2017/08/09/bitcoin-is-almost-triple-the-price-of-gold--heres-what-traders-think-you-should-buy.html
At some point it is going to be considered a "safe haven" currency, which people buy when there is talk of war etc.
https://www.cnbc.com/2017/08/09/bitcoin-is-almost-triple-the-price-of-gold--heres-what-traders-think-you-should-buy.html
At some point it is going to be considered a "safe haven" currency, which people buy when there is talk of war etc.
As of now the way bitcoin behaves it sealed its stands to be the most profitable in 2017. It is better than gold when we're talking about this year.
I've been analyzing all this happening with bitcoin and I'm coming to the following conclusion:
Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
You misunderstand about it, Gold doesn't lost its value over time but fiat currency (money) do, losing its value due to inflation.Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.
Simply because gold has really usability, for jewelry or electricity but not for fiat currency which only used as medium of exchange.
Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.
Yes, hundreds of altcoins and some coins really has high value but none of those coins will be used more than people using bitcoin in daily transactions. Look at how much business and companies that accepted bitcoin payment, then compare to altcoins.
Bitcoin be the King of digital currency because the 'usability', it has some advantages and being used among people as a better monetary system.
Well, is just that your thread has been posted for a while because currently the market value of Bitcoin has surpass your projection of $4000 and move to $4,245.18 which is far higher one ounce of gold. This is to say that bitcoin is not just a new gold but higher than gold in my opinion at the moment.
Bitcoin became most valuable currency in the world and valuable than gold.
Till now, that hasn't happened, but we are hopeful about the future. Aren't we? Right now, the total market cap of Bitcoin is around $70 billion, while the total money supply (M1) of the United States Dollar is around $3.5 trillion. So BTC needs to increase its value by 50x, in order to catch up with the US Dollar.
Actually there is something wrong with what he said. Currency and commodity is somehow combined which is not appropriate although bitcoin is somewhere in the middle of that. (in my opinion)
I know it is made to be a currency but now it is like a commodity for most of the users. Just investing not using. Letting it rot and hold until the certain price that they want then withdraw. They do that with gold not with currency.
Bitcoin became most valuable currency in the world and valuable than gold.
Till now, that hasn't happened, but we are hopeful about the future. Aren't we? Right now, the total market cap of Bitcoin is around $70 billion, while the total money supply (M1) of the United States Dollar is around $3.5 trillion. So BTC needs to increase its value by 50x, in order to catch up with the US Dollar.
Gold is a rare precious metal and the bitcoin is also digital rare currency since it does not suffer from inflation like as fiat money. But there are some things that cause Bitcoin better than gold. I think bitcoin can be said to be a more new modern breakthrough than gold.
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