Bitcoin the new gold - page 14. | Bitcointalksearch.org

Zenithar

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Quote from: leexhin on August 13, 2017, 02:57:18 PM

Quote from: donbu7 on August 12, 2017, 11:13:08 AM

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

A lot of people are considering bitcoin as gold. Well, I'm one of them because as you can see bitcoin started from scratch and just look how much it grew just within a year. It's best to buy bitcoin now and hold it as long as you can. A lot of people is expecting it to grow up to 5000 dollar just until the year end. So, it's better to buy now and get rich tomorrow.

to me bitcoin is more precious than gold because the profit that we get from bitcoin is much more that the profit that we can get from Gold.

Anarchist

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This feat demonstrates the resilience of Bitcoin, which is often criticized for its preferred role as a means of payment for criminals who appreciate that transactions are made outside of banking circuits and are therefore much more difficult to control. Roll Eyes Roll Eyes

ymirymir

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Quote from: donbu7 on August 12, 2017, 11:13:08 AM

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

A lot of people are considering bitcoin as gold. Well, they're kind of close. Today's bitcoin price is almost close as gold, but the difference is bitcoin's price is so volatile and no one knows when and how much will it grow. So, if you're going to compare bitcoin is risky to invest but the earning when you invest in bitcoin is higher than investing in gold.

streazight

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Quote from: LeGaulois on August 12, 2017, 12:25:30 PM

I am not so much agree with you

People jump in Bitcoin for speculating on its value, to make a quick cash profit. People jumping in Gold are people looking to secure their investment, a thing you can't do with Bitcoin with its volatility. Both have different investors.

In the case of war and economic disaster in a country, are you going to pay your bread with Bitcoin... or with gold. Don't think the supermarket will accept your Bitcoin. And especially during a war where food is rationed etc, Gold has a more safe value.

And talking about a revolution, I don't see much about any. A revolution is a fundamental change in something (economic, politic, organization,...)
I don't see a fundamental change in the current banking system

You can’t see any significant change in the banking systems but soon you will be observing decrease in banks. Bitcoins can’t be compared with gold. Undoubtedly both have investors totally with different mindsets.

Moreover under the unstable and unfavorable conditions, both are predicted either to lose value or gain too much. Under special circumstances like war, it would be wise to use gold. In short, both are good investments.

leexhin

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Quote from: donbu7 on August 12, 2017, 11:13:08 AM

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

A lot of people are considering bitcoin as gold. Well, I'm one of them because as you can see bitcoin started from scratch and just look how much it grew just within a year. It's best to buy bitcoin now and hold it as long as you can. A lot of people is expecting it to grow up to 5000 dollar just until the year end. So, it's better to buy now and get rich tomorrow.

Ewox

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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.

iyan33

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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

It seems that soon the highest points of your trade will succeed. And i think this is a very good trading strategy to buy at cheap price and able to sell at relatively high price. Of course big enough profit from the results obtained from the trading you are doing.

phr0stbyt3

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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

kpcian

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yes, Bitcoin is becoming a new gold. day by day Bitcoin is getting replaced with the Gold by creating huge value price. now Bitcoin is the most profitable system in terms of value. when it was at a low price during that time some people have collected Bitcoin and now those Bitcoin have become a valuable asset at present, which is higher than gold that is why Bitcoin can be considered as a new gold.

Kevondo

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Quote from: Kronos21 on August 12, 2017, 11:25:50 AM

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.

well you just want to afraid bitcoin users, but this will never going to happen, there is no such circumstances that makes bitcoin to fall down. In past when the bitcoin’s price will fall there is a reason behind it. The main reason is to through some bitcoin into wallets of holder, when price become low investors buy more bitcoin and now they definitely going to be rich.

Tezcalitpoka

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its already 3 times valuable than gold, i think bitcoin is more than a gold, way more.. time is the answer

DaMut

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Quote from: deisik on August 12, 2017, 02:01:28 PM

Quote from: donbu7 on August 12, 2017, 11:13:08 AM

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

Bitcoin has nothing to do with gold

You may draw any analogies you like, here and there, but these two things are entirely different assets with totally different purposes. It could be said that they are conceptually different. Just because Bitcoin price has been surging these days doesn't make it into a new, digitized version of gold. On the contrary, Bitcoin would be new gold if its price (or rather value) were nailed down in terms of purchasing power, but in real life it is as volatile as hell. I certainly understand your euphoria and enthusiasm, but there is little which ties Bitcoin and gold. In other words, Bitcoin is anything but gold

this is very true,
it's very funny for people to compare it between GOLD and BITCOIN.
from the beginning both of them are different,totally different assets.
Bitcoin function is as a payment point for people which is make people easier to send money around the world,withour restriction and anonymity.
how about gold ?
in my opinion GOLD is used as a jewelry and something like that.
you compared this two different world into one ?

deisik

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Quote from: donbu7 on August 12, 2017, 11:13:08 AM

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

Bitcoin has nothing to do with gold

You may draw any analogies you like, here and there, but these two things are entirely different assets with totally different purposes. It could be said that they are conceptually different. Just because Bitcoin price has been surging these days doesn't make it into a new, digitized version of gold. On the contrary, Bitcoin would be new gold if its price (or rather value) were nailed down in terms of purchasing power, but in real life it is as volatile as hell. I certainly understand your euphoria and enthusiasm, but there is little which ties Bitcoin and gold together. In other words, Bitcoin is anything but gold

supandi wiharja

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I think that's what's happening now and in the future, bitcoin is getting stronger because of the most amazing virtual currency bitcoin, so bitcoin is called new gold because the price is so high.
I'm sure the bitcoin price will always increase and the price is always stable like the gold price ..

Proton2233

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I think that altcoins is a valve to release excess pressure from bitcoin and alternative in order to avoid monopoly on the market. They can't exist independently. If bitcoin is going to experience problems then those same problems will be altcoins. So there is only gold and bitcoin. Silver and bronze no.

mrcash02

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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.

I believe AltCoins are an escape valve, from the utility point of view, when Bitcoin network is overloaded of transactions people use AltCoins to move their money for cheaper fees and quickly. And from the speculation point of view they are useful currencies to trade and make profit online.

Bitcoin is the gold of virtual world and the AltCoins are the other ores (Litecoin = Silver, DogeCoin = Bronze). Cheesy

hatshepsut93

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Quote from: donbu7 on August 12, 2017, 11:13:08 AM

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.

That's wrong, if some altcoin was really better than Bitcoin, it would take Bitcoin's place rather quickly. In real life better technologies replace old ones in a span of few years, but in crypto world, with 24/7 trading and quick implementation of new networks, this process can happen in just few months. The fact that Bitcoin dominates the crypto market only proves that it has the best technology, and all altcoins are just experiments and don't pose any significant threat to Bitcoin. Very often their innovative features negatively affect the main thing that makes cryptocurrency valuable - decentralization.

LeGaulois

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I am not so much agree with you

People jump in Bitcoin for speculating on its value, to make a quick cash profit. People jumping in Gold are people looking to secure their investment, a thing you can't do with Bitcoin with its volatility. Both have different investors.

In the case of war and economic disaster in a country, are you going to pay your bread with Bitcoin... or with gold. Don't think the supermarket will accept your Bitcoin. And especially during a war where food is rationed etc, Gold has a more safe value.

And talking about a revolution, I don't see much about any. A revolution is a fundamental change in something (economic, politic, organization,...)
I don't see a fundamental change in the current banking system

btc-facebook

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Just like Harvard academic said that bitcoin may reach $ 100.000 / btc on 2021
The problem for the next 4 year is you're a millionaire on year 2021 or bitcoin vanish before reach 2021
Of course I'm still have a faith on bitcoin so I'm keep hold most of my bitcoin

kpcian

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I think so...
Bitcoin can be a good alternative tool as a replacement of gold. day by day Bitcoin is becoming a lucrative and profitable saving item. it is also getting accepted across the world day by day. for me, Bitcoin should be considered as a new era for saving and investment in parallel with gold.

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