Is BTC the new gold ? | Bitcointalksearch.org

hakertajniak

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Quote from: Skizzewizzie on March 28, 2018, 02:37:17 AM

No bitcoin cannot be the new gold because it is not as stable as gold. Although the percentage of ROI on bitcoin is much higher than that of gold though so they are very different.

yes same opinion. i think bitcoin is not a new gold because the bitcoin price is very volatile, unlike gold.
you can see the graph of bitcoin price and compare it with graph of gold.

swogerino

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Bitcoin is called often the gold 2.0. It is very similar to gold , it can be used as a store of value. The good thing which is different from actual gold is that you are in charge here and it does not take a lot of space like gold and also it does not need any guard to safeguard it for you because bitcoin can be stored in your PC or hardware wallet giving you full control over it.

Sum24

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Quote from: jimbo77 on April 16, 2018, 02:28:56 AM

It is much easier to keep bitcoins safe rather than gold which needs special conditions and a secure place. Your private keys can be stored almost anywhere as long as they are encrypted. Also, it is much easier to use Bitcoin for transactions even though the fees are high

It is significantly less demanded to guard than bitcoin, as we can see bitcoin has a lot of wallet so you can put your bitcoin in your wallet and it will safe for long time but for gold you will have to be worry about safety all the time,. Gold needs extraordinary security. Bitcoin has very high price it is increasing more and more but as compare to bitcoin gold price is not very high, I trust in bitcoin and I sold all my gold bar in exchange of bitcoin because I trust in bitcoin only.

jimbo77

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It is much easier to keep bitcoins safe rather than gold which needs special conditions and a secure place. Your private keys can be stored almost anywhere as long as they are encrypted. Also, it is much easier to use Bitcoin for transactions even though the fees are high

Bitbitmaker

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Yes, it is a digital gold that helps us gain such a huge amount of money. It is a new gold. Yes, bitcoin will be our new gold but it doesn't mean that gold wont exist but not that like bitcoin.

Keeminakar

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I can't compare these two types of investments because gold still gives me more confidence because it's been tested for centuries. But I like bitcoin as well, so I invest in it.

jackjones53

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Bitcoin is the digital world of the new world. In the past, investors are now buying Bitcoin as people travel to gold mine sites and mine. Banks receive high commissions for money transfer. Cost of money transfer through block chain technology is lower.

Glutius

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Unfortunately, bitcoin can only be a temporary phenomenon and disappear. And gold will be eternal. Moreover, gold is material, which also gives it reliability.

haxker007

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Quote from: Skizzewizzie on March 28, 2018, 02:37:17 AM

No bitcoin cannot be the new gold because it is not as stable as gold. Although the percentage of ROI on bitcoin is much higher than that of gold though so they are very different.

i agree with you and to me it's in a couple of words that we can state that Btc as another gold yet more significant than gold since it enhances the life of an exceptionally praiseworthy individual from Btc side so perhaps we ought to consider that bitcoin as a valuable stone and platinum like differentiation.

turbanto

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it is impossible to compare digital currency and gold. cryptocurrency is virtual money and gold is a precious metal that will never lose its value

Dmitry.Vastov

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Quote from: luxcoin on November 25, 2017, 05:09:36 AM

How many times you heard some question ?
But the time goes by and I've been wondering if it really what a BTC today really is.

As we discuss here in the forum everyday, the main reason for BTC not to be taken seriously as digital money like it was invented are:

- its fee cost for lower transaction
- delay and time of the transaction to be approved
- its price that change constantly up
- it's not designed to accept so many transactions

What do you think ?
Do you hold like you holding the gol a decade ago ?

Yes BTC is the new gold in fact it is better than any kind of investment that people used to do earlier, earlier the people used to invest either in gold or in shares but with the digitalization, everything has changed and even the mode of currency, the currency is also been digitalized and this digital currency is cryptocurrency and the leader of them is bitcoin and even it is able to provide much more profit and within very short span of time, so yes BTC is the new gold.

Skizzewizzie

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No bitcoin cannot be the new gold because it is not as stable as gold. Although the percentage of ROI on bitcoin is much higher than that of gold though so they are very different.

Luckyji

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For now yes bitcoin is the new gold due to the way its raining now hardly will you see anybody now without saying about bitcoin now and you come to the price expect very high except now that it is having some challenging factor that are trying to pull down the price of the bitcoin which i know that it will not take long for [t to bounce back to it normal state.

shawn995

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gold has esteem since it is helpful. it isn't only an advantage you put resources into and that's it. gold is being utilized as a part of thousands of better places. in various sums and shapes from huge size in gems to little nano particles utilized as a part of restorative innovations.
bitcoin has esteem since it is helpful as well. it isn't only a benefit. bitcoin is valuable since it is a cash which is decentralized. has high security and worldwide. obviously being modest is wanted however unfortunately for this brief time frame we can not have that. ideally we will soon again like we had low expenses previously.

ahrispool

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gold has been the only "money" that everyone in this world accept.
Every "currency" has failed to achieve "money" position because the central government could fluctuate the amount of money spread in the market based on their opinion on diverse situations.
Noone can make gold. The limited amount of gold and the fact that it could not be produced made gold have a position to be "money".

By same logic, BTC is limited to 21000000, and everybody knows it. You cannot produce BTC, transactions are transparent, blockchain technology makes it impossible to cheat on others.
The only difference is that you cannot see BTC like you see gold, but what is so different from USD saved in your bankbook? You cannot see them unless you go to your bank and get them offline. But what made you believe you can find your USD and claim its yours? You just trust it.

If everyone can have full understanding of blockchain technology and just trust BTC, and plus when technical limitation of cryptocurrencies are solved, then the BTC has no reason to not become a money.

bakekang008

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Quote from: luxcoin on November 25, 2017, 05:09:36 AM

How many times you heard some question ?
But the time goes by and I've been wondering if it really what a BTC today really is.

As we discuss here in the forum everyday, the main reason for BTC not to be taken seriously as digital money like it was invented are:

- its fee cost for lower transaction
- delay and time of the transaction to be approved
- its price that change constantly up
- it's not designed to accept so many transactions

What do you think ?
Do you hold like you holding the gol a decade ago ?

If BTC will continue the higher value or price we can compare to the gold. Because the value of gold is high. So their is no reason that bitcoin can level the gold, but all I can say bitcoin is the new form of gold that for everybody.

Desmo

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The high price of this currency can be justified only if this currency becomes really popular and widely used as a method of payment. However, the reality is that to date, the commission for the transaction is quite large and, moreover, the speed of confirmation of the transaction is also not up to par. Of the 500 largest online stores, Bitcoin only accepts 3, while the last year's figure is 5. However, Aswat Damodaran, a finance professor at New York University, believes that bitcoin is "new young gold" and attracts young investors who do not believe in financial institutions, as well as in fiat money.

megynacuna

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Quote from: bitvelk on March 25, 2018, 06:34:28 PM

I do not think that this is a complete replacement for gold, as bitcoin can not be touched, it is intangible. But this is a great alternative to gold. And nothing prevents them to exist in parallel.

I absolutely agree with you, gold has withstood the test of time, temperature and everything harsh yet it is still valuable and and so many people are interested in gold investment.

yanxuanyunshan4

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From an investment point of view, BTC is more about gold than other currencies. That's because BTC and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and BTC investment returns in the past five years, the currency's performance is far better than the so-called precious metals, BTC that investors to put money into the prospect of a new asset class.

Compared with the gold standard, BTC rising value and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

bitvelk

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I do not think that this is a complete replacement for gold, as bitcoin can not be touched, it is intangible. But this is a great alternative to gold. And nothing prevents them to exist in parallel.

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