Topic: Is BTC the new gold ? - page 3. (Read 2799 times)

I don't think I follow the notion of bitcoin being the new gold but it is similar to when the gold rush began and people were clamoring to get as much gold as they could lay their hands on and wait for the price to go further up which is what is happening to bitcoin at the moment. Although I don't think I would want bitcoin to end up the way gold is now, price being in a single place and barely making investors any money.

I have long been assuming that bitcoin is new gold because bitcoin price is higher than gold that you are waiting for before you earn while bitcoin is fast.

Bitcoin can be called "the new gold" only if you mean "the gold rush" - it's not hard to track the common features with the California Gold Rush that began in 1848 

The idea came from somewhere else, just like Angels having wings or halos: it's never actually mentioned in the bible, but someone painted it once, it became popular culture, so now it's a common belief.

The idea of a world currency is guesswork. Basically in the bible the antichrist (or whomever) will rule over every nation, person and language. So, it's assumed that in order for this to happen it has to be a one-world government and are therefore using a one-world currency.

This confirms, however, that it couldn't possibly be Bitcoin or any other alt currency. They are mostly decentralized. A one-world currency would need to be a government created and owned cryptocurrency or fiat. Or maybe there's no currency at all, it's not a requirement.

What I find most interesting about the end times though is that fictional writers (books, TV, movies) always show "good people" trying to stop the end times from happening. But, if it's something that's prophesied to happen and it's God's Word, wouldn't Christians actually want to hasten the arrival of the end times? Trying to fight the inevitable is foolishly working against God, and a complete waste of their purpose.

Anyways, I always thought it would be a cool idea for something in fiction: people trying to kickstart the apocalypse are actually the ones in the right.

Certainly bitcoin is new gold because when you buy your mortgage more than when you buy gold for more than a year before you earn because bitcoin price movements are very slow.

In this first years you are right, Bitcoin and other cryptos are more volatile than gold - totally. But who knows that for gold wasn't be the same thousands of years ago when they started to take consider it like something to exchange for other goods. There was no agreement for different communities of such a value they gave.

So for me it's a matter of time when the most of the human kind face it like a new form of ( digital ) payment it eventually stabilise ( or growth little by little and not with such speculation as we see in these days )

If I will choose which one I will hold is the gold. I don't think bitcoin will surpass gold in terms of holding for along time because bitcoin as we all know is a volatile digital currency. We cannot predict the high and low value in the market. So bitcoin will not be the new gold.

bitcoin can not be said to be a second gold because bitcoin does not have a production system as well as the gold they use nor is bitcoin centralization like gold investments there will be a control over their assets. However, it will definitely have their respective risk levels, because gold is more vulnerable to have a risk that can be forged, while bitcoin itself is very vulnerable to hacking.

You can hold Bitcoin. I think there will be a big appreciation of Bitcoin in the future, but it is hard to say whether Bitcoin will be the second gold.

almost similar, there are only a few differences between gold and bitcoin Bitcoin exactly like gold, but the difference, he is digital or invisible. So now imagine you've turned the gold into something virtual and stored on your computer or smartphone. Bitcoin has all the important aspects that gold has, but it looks like a pulse

I'll admit bitcoin is a new gold if bitcoin marketcap has reached $ 500 trillion, if marketcap is still small as it is now then many people can control so the price can be easy in the pump or dump.

literally btc is not a gold rather btc is a digital currency. As we all know that gold is an expensive material thing that has a value due to its shiny color factor and it is a unique stone that could not be found anywhere so thats what the price it makes. However, btc price function like gold in some other ways. Like the movement of price, gold has never to fail to gain its price as time passes by. The same as btc, the price will move high also with span of period. Yet, it differs in the pricing after btc will gone high for sure there are many investors will sell their btc and that will compromise the btc price as its supply will goes high after investors sell their btc. and relatively the price movement of btc will  depend on the supply and demand to it unlike gold. And if given the chance to choose between btc and gold. I prefer to choose btc and makr a smart holding and selling to it.

Because the total amount of gold is limited, although there is a rise or fall in the short time scale, even the decline is huge, but in the long time scale, it has the performance of value preservation and appreciation.

As with the total amount of gold, the total number of bitcoins is a constant 21 million. COINS though because of the huge daydream space, great controversy, in the short term shows appeared far more than the volatility of gold and foam, but in the long run, BTC like gold has a value.

But gold is gold as the value of it is already stable and never loose its value like bitcoin. What if we need money in an emergency situation and the value of bitcoin are at the deep then bitcoin might be useless at that time. But still both has a pros and cons in different perspective.

I do agree that btc can be the new gold in this era because the transactions are secured and there is no delay transactions depending on the current wallet or exchanger you are using so we can expect in the future that the technology will be even so much better.

Gold remains gold It is useful when it come to accesories or some sort of jewelry or electronics . Its hard for having a comparison between this two. 

Definitely, bitcoin is the new gold. Soon all those who will find out about it will want to buy.

It is really a matter of personal preference of an investor but yes I agree with you that bitcoin is better than gold in terms of price but be aware though that bitcoin price is very volatile compared to gold where its price is quite stable and just little volatility..

Btc  is way better then gold
I don't remember seeing 1 ounce of gold equal to 8000k
Bye is gonna change the world currency

It is no doubt BTC will be a store of value in the long run when all dust settles. It will be more of a reserve currency for all other cryptos