Is BTC the new gold ? - page 21. | Bitcointalksearch.org

luxcoin

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Quote from: jekjekman on November 25, 2017, 07:53:36 AM

Bitcoin is not shiny and attractive like Gold and in fact it is intangible and can't be seen physically but it has a price of $8,472 while I am typing this post of mine, there is no perfect things in this world though so as Bitcoin is not an exemption for some imperfections.

Bitcoin is subject to upgrade every now and then and that's the job of the developers as they are keep on improving what is the best for it that almost resulted to a never ending Forks, let's just hope for the best as I believe that this transaction issues will be resolve soon. I will choose Bitcoin over Gold though.

Great point of view mate. Even I think forks as speculators see them as free money added to their portfolio will not defiantly solve the problem because the BTC is currently the most known and the first to its kind and despite all the forks it continues to have all the issues unless the agreement of the community of implementing and modifying such a core issue like mentioned before not with a fork but within the BTS itself.

luxcoin

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Quote from: sabrikks on November 25, 2017, 07:15:54 AM

yes maybe but not the moment because you see Gold is trusted by human being for thousands of years now, and bitcoin is still a new baby born compared to gold

That's true. I hope we can change the way it is seen and spread all over the world. But for now everyone see it as form of investments and not in a payment way.

romero121

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Even no people won't give priority to bitcoin similar to that they give for gold. This is all because of the lack of awareness, and in specific people wish to get an assurance for their investment in terms of security. Bitcoin has achieved a level, but the same doesn't have the potential to give the security. So, the users who trust it consider it as a gold, whereas the rest just prioritize gold.

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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 ?

Yes, maybe Satoshi was a bit naive to think Bitcoin would have been a sort of digital cash.
Right now it undoubtely more like digital gold. Something quite difficult to transfer, rare and with its price rising up. It's not only a deflationary currency, it is an asset which lead to long-term holding and not everyday spending.

luxcoin

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Quote from: DaMut on November 25, 2017, 06:36:52 AM

what is the relation between your tittle and your thread ?
are you saying about gold movement that caused a lot of massive pump a while ago and Bitcoin following its footstep?
or something else ?
if we're comparing Gold and Bitcoin from its uses,i think we made a mistake in here because it's totally different assets.
unless we're talking about 'Value'

Quote

- 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

all of them can not be considered as a problem for massive adoption,
indeed fees and the transaction are the problem lately why would people still hesitated to get into it,
but we have other reason behind all of this which is 'Protection'.
lately we can hear about hacking,that is why many people felt afraid and only some people who know about computer can protect themself from the hackers.
and yes i believe Bitcoin will keep moving upward,soon we will figure out how to solve this problem.

I hope they will solve this problem too buddy.
As for now, we cannot consider it as digital currency but something like investment as was gold a few decades ago. That's what I meant.
Why do you think it became adopted by massive people ?
I do not think they chose it for its feature of payments like it was first intended to do.

I totally agree instead about the poor knowledge we have about protection of our data, and how the internet-thing in general really works. So hackers will continue to live because of the ignorance of the folks out there who do not know anything about computer stuff.

Joylee

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Yeah it is.. But better than gold, It may not be shining but it Worth 100 times more than gold.

luxcoin

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Quote from: aplistir on November 25, 2017, 06:24:54 AM

Quote from: Emoclaw on November 25, 2017, 06:13:33 AM

It's also important to note that all Bitcoin transactions are instantaneous, it's only confirmation that takes 10 minutes. Merchants don't necessarily have to wait for the transaction to be confirmed.
Fees & transaction capacity will most likely be solved with the Lightning Network.

You can change your transaction afterwards if it doesn't have any confirmations, so there would have to be trust between the buyer and seller if they do not wait for any confirmations.
But they do not have to wait for 6 confirmations. That is just a usually agreed number of when it is absolutely safe.

That the main problem. I mean if you haven't such a confirmations how can you sell the product and be sure the customers will pay you ?
Look at the way it is right now: when you swipe a credits card it does not take more than few seconds to be confirmed and anyway the can refund you if something happen after the moment of confirmation. But this is not what is happening right now with BTC. And as merchant I cannot wait the next bock to be sure I get paid if it will take more than what now it's taking.

hajimasan

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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 ?

Yeah , bitcoin is not designed to accept multiple transaction because the fee that will needed to pay during to pay to another take much fee ( which depends upon the input and output of the transaction of the bitcoin ) .
Well here we are in that field of technology to handle the money where we have no limit to control our money at worldwide level with the internet connection .
When the price of the bitcoin was very low comparable to the price of the gold then people were saying that it is like the gold which is better for the future if we have hold it now , but after the increase in the price at what place we are we can see clearly .
Here we can consider that

bitcoin is made for the worldwide Transaction .

For Better investment any worldwide project .

For better way to manage the money .

Future of the casinos , Because easy to place bet and easy to deposit and withdrawal .

So ,Here overall we can't consider bitcoin as a gold but can be consider as diamond

Pursuer

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gold has value because it is useful. it is not just an asset you invest in and nothing else. gold is being used in thousands of different places. in different amounts and shapes from big size in jewelries to tiny nano particles used in medical technologies.

bitcoin has value because it is useful too. it is not just an asset. bitcoin is useful because it is a currency which is decentralized. has high security and global. of course being cheap is desired but sadly for this short period of time we can not have that. hopefully we will in the near future again like we had low fees before.

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Quote from: jamie1029 on November 25, 2017, 07:39:37 AM

Forks are a concern, but I've thought about this, and believe the market will value useless forks at zero.

Not really. In most cases it's obviously clear that these forks are nothing more than cash grab opportunities for the large holders behind them, and that's really it. I remember how people we're afraid of what would happen at the first of August, but after they noticed that there is money to be made with forks, they can't seem to get enough of them. For that reason I am quite sure that we'll be seeing a whole lot more forks pop up in the coming years, especially now ICO's seem to be experiencing a heavy load of resistance from all sides.

retampan

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Yes it is.
Bitcoin is the new gold. But gold and bitcoin is a big difference.

tientien22

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btc is new gold
In my opinion, btc is new gold, it's like gold now and over and gold, btc is very easy to trade and prices change constantly and fast.
It's more than gold at a lot of points, it's virtual currency but transactional, it's easy and utility Cool

eCrypto

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Maybe

jekjekman

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Bitcoin is not shiny and attractive like Gold and in fact it is intangible and can't be seen physically but it has a price of $8,472 while I am typing this post of mine, there is no perfect things in this world though so as Bitcoin is not an exemption for some imperfections.

Bitcoin is subject to upgrade every now and then and that's the job of the developers as they are keep on improving what is the best for it that almost resulted to a never ending Forks, let's just hope for the best as I believe that this transaction issues will be resolve soon. I will choose Bitcoin over Gold though.

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Quote from: Emoclaw on November 25, 2017, 06:13:33 AM

Right now it is. But most of these issues will be solved with future protocol upgrades.
The price isn't an issue. It will come to stabilize at some point. While it will continue to go up, it won't be as volatile.

It's also important to note that all Bitcoin transactions are instantaneous, it's only confirmation that takes 10 minutes. Merchants don't necessarily have to wait for the transaction to be confirmed.
Fees & transaction capacity will most likely be solved with the Lightning Network.

truely correct mate we should the bitcoin are very expensive today so no need to ask bitcoin a new gold because the price of bitcoin today more than the price value of gold and i can't imagine bitcoin always comparing into the gold both are have an different indentity in the market.

jamie1029

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I believe Bitcoin will be the new gold. Forks are a concern, but I've thought about this, and believe the market will value useless forks at zero. As further adoption grows, people will realise Bitcoin satisfies all the use cases that gold is currently used for. I predict BTC is going to go much higher from here.

ruskytailz02

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then after the 10000 USD markup it will get a new fork I think it says on an article hehehehe..
if that will gonna happen now big advantage for bitcoin transaction.. the given problems up will nearly solve if fork will happen

I dont usually hold but I can consider it as a trading type of holding ahahhahaha.. buying in low price BUT selling in much higher price when prices fluctuates hahahahaha and with that I can hold at the same time having profit ehhehehehe

leonair

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Bitcoin will never be Gold, Gold and Bitcoin has two different purpose. Gold is widely used in the world and has many uses aside from being a basis of one country's wealth. Bitcoin can be considered as the gold of crypto currency as it can be the basis of every alternative coin's prices. But bitcoin is too young to replace the current fiat system and needs more development for it to be accepted worldwide.

xBitHodler

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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. Gold storage costs far more than Bitcoin's. Bitcoin has a high chance to replace gold in terms of investment.

sabrikks

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yes maybe but not the moment because you see Gold is trusted by human being for thousands of years now, and bitcoin is still a new baby born compared to gold

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