Is BTC the new gold ? - page 17. | Bitcointalksearch.org

luxcoin

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Quote from: John Langut on December 05, 2017, 07:26:54 AM

To give a counter argument, gold is a physical element and Bitcoin is digital. Although digital assets are currently easier to process over long distances, if you look at the history of computing digital assets are fleeting. Who still uses floppy disks? Can you still access the data on them? While this may seem like an outlandish argument, new technology may render our current technology obsolete. Like Myspace.

Makes sense what you think.
Anyway you can still read a floppy disk even if it's not common. The technology supremacy won against all fiscal object when it solved a problem in easiest and more efficient way.

I mean look at the electric cars: you know it's the future but today not everyone could afford once. But in a couple of years when the technology will growth for sure.

luxcoin

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Quote from: Xester on December 05, 2017, 07:09:54 AM

Quote from: junaiddd on December 05, 2017, 06:05:27 AM

As far as my point of view is concerned. BTC is better than Gold. Bcoz BTC value is increasing more than Gold.

Yes we can see that clearly that price of bitcoin is much higher than the price of gold as of the moment. Though we cannot deny the fact that gold is much trusted or let us say already an institution in investment as it is used even in the old times. We can buy bitcoin and gold, but we can never earn gold but bitcoin can be earned. So therefore, we can say that bitcoin is the new gold because it is so precious.

Great definition.

I would add this: you can discover gold in new filed or under the deep ocean ( just to make an example) so its quantity would increase but this can not happen with BTC or other crypto:its scarcity is defined at the beginning . So you can not run into a new Bitcoin because you found on your path, but you have to buy or generate in some way.

So I think at the end BTC is more than Gold.
It only miss some history, mmm thousands of years of history Grin

MrHertz

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it could be, but there are still too much debates about bitcoin destiny. Some people think that bitcoin should be stable currency for holdings(like gold), and some people think that btc should be flexible.(bch fork didn't solve these disputes)

Envrin

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Quote from: luxcoin on November 25, 2017, 06:09:36 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 ?

I also think that soon other faster, cheaper and more promising crypto-currencies can replace bitcoins due to their speed on transactions and low prices for commissions. Such crypto-currencies as Bitchares and others. But replacing bitcoin is not so easy. This is already an established currency in its place.

J_Dubbs

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Quote from: luxcoin on November 25, 2017, 06:09:36 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 ?

I also think that soon other faster, cheaper and more promising crypto-currencies can replace bitcoins due to their speed on transactions and low prices for commissions. Such crypto-currencies as Bitchares and others. But replacing bitcoin is not so easy. This is already an established currency in its place. Wait and see. Cheesy

ubay

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Of course not, bitcoin is much more valuable than gold. Gold is simply a commodity that can be produced at will, but not with bitcoin. It has limited supply and bitcoin is very practical if taken everywhere.

DewiKirana

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Yes bitcoin is a new gold in the digital world. The majority of people love gold, as well as bitcoin, they love it very much.

kasansa

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Bitcoin is definitely gold and will continue to be as the gold standard, either you buy gold or bitcoin you are in the safe zone for some years to come, bitcoin is a new invention and created by man, no wonder bitcoin will over come to gold but not in the long run, it's upto that person who have to take wise decision time to time.

lance04

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Yes a new version of gold in field of electronic banking. Since bitcoin is the most successful companies in the whole world.
They can acknowledge them at the new version of gold in this industry symbolize excellence and number one.

ranggawulung

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Quote from: luxcoin on November 25, 2017, 06:09:36 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 ?

I also think that soon other faster, cheaper and more promising crypto-currencies can replace bitcoins due to their speed on transactions and low prices for commissions. Such crypto-currencies as Bitchares and others. But replacing bitcoin is not so easy. This is already an established currency in its place. Roll Eyes

Snub

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I agree that bitcoin and gold should not be bothered, because they are just different things...but one can say that bitcoin is gaining the same popularity as gold and claims to be as stable

jhongzjhong

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https://bmy.guide

Bitcoin now always pumping up by the crypto market cap because of the high demand and low supply many people now believed in bitcoin that it is more profitable when they invested like a gold. But the big different is we could not compared the gold into bitcoin. Gold is an old currency sinced january 24, 1848 in California. And bitcoin this early year was dicovered in 2009. We could not speculated what will happen this to the cryptocurrency but the gold will remain as a metal currency.

Yarsk

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As at this period of bitcoin early acceptance we may likely to witness the various challenges we are facing presently but I believed with time this all will face away. E g delayed confirmation of transactions and the inability of bitcoin to accept other new features.

Xervo

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Quote from: luxcoin on November 25, 2017, 06:09:36 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 ?

I also think that soon other faster, cheaper and more promising crypto-currencies can replace bitcoins due to their speed on transactions and low prices for commissions. Such crypto-currencies as Bitchares and others. But replacing bitcoin is not so easy. This is already an established currency in its place.

stepwilli

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Quote from: Jafri101 on December 02, 2017, 08:42:07 AM

Yes Bitcoin is the new gold. Its the most highly valuable asset that has turned into the most precious gold because of its price increasement day by day going so high that its becoming gold and asset for long term holders.

Bitcoin is more than gold it’s better to call it the more precious than diamond as previously gold was used to earn and then the revolution take place and bitcoin come into the game it defeated gold and all the investments that are bring money to user court, and now people are forgetting about gold all they want to do is to earn in bitcoin and spend that in bitcoin mode and everything is given here under single flag of bitcoin.

Ryan Dugan

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Before notes and coins we used gold and silver (ok so we did use coins but gold silver and bronze ones not like today we use fake gold and silver coins) So bitcoin is our era's version of gold. It of coarse is not gold but it has the exact same reason for existing as a trading "token". It just makes sense to have virtual money in a virtual world. We also at one time used salt's and spices as trading tokens too. Then way before that we used cows and sheep and stuff. So in those days cows and sheep were the bitcoin xD because that was the best technology they had. Super fast cow to sheep transfers!! Low tx fees!! Only one cup of water lol Can you imagine?

Gontxi

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yes bitcoin is gold from the digital world. as you say and I fully agree. this is the surplus of bitcoin and becomes very big nowadays as we see it now. I think there will be many innovations that will involve bitcoin and crypto in the future.

yusupjatigumilar

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I agree with your opinion, if btc is called a new gold, precisely digital gold, even gold price is not comparable with bitcoin price right now, but behind there is one risk which is quite high say that price correction very often happened and tend extreme not to mention hardfork and halving day

heppot

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Quote from: luxcoin on November 25, 2017, 06:09:36 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 ?

why do we still think that this bitcoin is equal to gold.
high prices can already be juxtaposed with diamond prices, even more expensive.
we will be more surprised if bitcoin always make new high every time period.

morkriger

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Talking about economic functionality, I think so because BTC will reach a point where its transaction fees according with its value as such be really expensive and works more as an active to storage big ammounts of money.

By other hand, I think BTC has a great weak point, absolutely dependency on Internet and Electricity. The gold does not depend on nothing, gold is an element very functional and can be used by many ways.

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