Topic: Is BTC the new gold ? - page 18. (Read 2749 times)
gold is precious. there is no doubt about that. but bitcoin is more precious. but people all over the world don't know about bitcoin. actually bitcoin is like a new baby for the world. bitcoin would be more valuable by the time goes on.
We cannot say that but what IF bitcoin will crash to cents..
Its a risky thing but I love bitcoin ..
Its a risky thing but I love bitcoin ..
I hope comparison between bitcoin and gold stops because bitcoin is not gold. The price keeps on fluctuating and continues to move forward unlike gold that changes its price slowly and acts as a long term investment.
Hard to speculate about future. We all can see that bitcoin right now is not exactly the best payment option or a currency.
BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.
Bitcoin is not doomed yet (Japan adoption!), there is still time to fix scaling problem and reach total dominance over altcoins.
But if the scaling war will continue for extended period of time, it is possible that ETH, LTC or DASH will take over BTC dominance.
BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.
Bitcoin is not doomed yet (Japan adoption!), there is still time to fix scaling problem and reach total dominance over altcoins.
But if the scaling war will continue for extended period of time, it is possible that ETH, LTC or DASH will take over BTC dominance.
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 think that soon other faster, cheaper and more promising crypto currencies can replace bitcoins due to their transaction speed and low commission prices. 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 ?
Well you can say that the internet gold is btc or the virtual, gold is btc though btc is not virtual anymore. We all knw that it got acceptance on the real world.
Yes, I would agree bitcoin is just another big thing, that would be more than Gold in few years
Bitcoin is batter than gold because Bitcoin does not have impurity and Bitcoin is the best investment mean in the world. Bitcoin become the most powerful asset in the world.
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 think that soon other faster, cheaper and more promising crypto currencies can replace bitcoins due to their transaction speed and low commission prices. 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 current bitcoin usage is digital gold + payment method for luxury items . With the current scaling solution it cannot be used for daily purchases (fees and confirmation times are too high)
I think you better pray it is not as before you know it the futures market will be writing contracts out of thin air and manipulating the prices.
For pure capital appreciation however I think Bitcoin has totally surpassed gold but that isn' to say at some point down the road Gold will actually catch up. Hedge your bets and hold both
For pure capital appreciation however I think Bitcoin has totally surpassed gold but that isn' to say at some point down the road Gold will actually catch up. Hedge your bets and hold both
Yes it is.
Bitcoin is the new gold. But gold and bitcoin is a big difference.
Bitcoin is the new gold. But gold and bitcoin is a big difference.
Yes your right, there's a lot of difference in bitcoin and gold, and i agree what you say, that our bitcoin is a new gold in this generation. Becasue if you can see the value of bitcoin is higher rather than gold but it connot replace the image of gold, and that's my opinion.
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.
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.
Yes it is.
Bitcoin is the new gold. But gold and bitcoin is a big difference.
Bitcoin is the new gold. But gold and bitcoin is a big difference.
Yes your right, there's a lot of difference in bitcoin and gold, and i agree what you say, that our bitcoin is a new gold in this generation. Becasue if you can see the value of bitcoin is higher rather than gold but it connot replace the image of gold, and that's my opinion.
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 ?
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 ?
Well, gold is shinny and worth keeping, but in fact you aren't holding it at all, whereas Bitcoin who are able to keep it in your wallet.
Are you sure you can't hold and keep a medal of Gold ??
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 ?
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 ?
No, BTC is more than gold, more than money, more than all things in this world. It is transparent, it has a high level of security, it is able to slash the bank system slowly. It is the most sophisticated innovation I've ever seen.
Yes but at the core and with the whole scheme today, it's pretty much say same as gold, it's getting to be just as any other investment asset. Just look at what most of the users are doing, buying and holding and if you ask me that sounds more like an investment asset then a currency, yes someone might be using it as a currency but there surely someone out there that uses gold the same way, therefore... if you ask me, bitcoin today is an asset.
Yeaaaaah
Definitely an answer
IT'S AN ASSET - so an investment.
Cryptocurrencies like bitcoin are not the "new gold." Many commentators have dubbed bitcoin "digital gold" because of the fact it has a finite supply and has at times seen price rises due to geopolitical tensions. Gold wins out over cryptocurrencies in a majority of the key characteristics of money.
Gold is clearly better at holding its purchasing power, and has much lower daily volatility. Bitcoin's volatility averaged almost seven times that of gold in 2017. The price of gold is up over 10 percent this year. Bitcoin meanwhile is up over 400 percent. However, the cryptocurrency has had wild swings in price.
Bitcoin can be broken down into much smaller units. While this may make it look like a better medium of exchange than gold. However, transaction fees have risen sharply this year. The average transaction fee at its peak in mid-July was just below $9.
In some way you are right. I mean it depends as usual what you are looking for and what are your believes.
If you want something safe ( that anyway could suddenly change its value ) you should look to Gold. The volatility facts that scares most of, I think that's because we are at the beginning of it. It will decrease when the time goes by as I think
I feel BTC is the new gold in the sense that the value and price is so much comparable to the value of gold. Although it cannot replace gold.
Bitcoin might be the new gold because it has a limited supply and its price is keep on rising just like the original gold but the only thing that makes difference from bitcoin and gold is the chance to make a safe investment because bitcoin is volatile so it is very risky to put money while gold is a good option since its price is almost stable per year.
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