Bitcoin Forum

It is the new gold.  Leave it to your children's children's children.. the value will be unfathomable.  We cannot fathom the value of security yet.  Humanity will rule the galaxy.

Yeah bitcoin could become as valuable as gold/oil like 100 years from now. though most of us would be dead by then anyway

gold is not really decentralized, well the mining activity can be seen in both as a centralized, but in bitcoin is more controlled by different entity(yes chinese still count as a different entity in their own country)

bitcoin is not one thing or another.
it is both money and gold!

and that is the beauty of it. you can use it just as you use money with a lot more security and a lot less fees and restrictions. all the while you can hold it as a initial investor and be a rich person in the future when the rest of the world realize what we already know.

If you consider uᴉoɔʇᴉq to be the new gold, then that's fine, but each person has an other naming to it as they may use uᴉoɔʇᴉq for something different. One may consider it to be gold, and others find it a currency, etc.

When enough people are prepared to use Bitcoin as there daily currency. The adoption is really important because the humanity can decide whenever something is there currency or not. I still think Bitcoin is way to difficult for people who are not to handy with the digital world.

I would love to see it take just 1% of gold's market cap

actually bitcoin is not the new gold either. bitcoin is much better that gold, it can't even be compared.

you can use bitcoin as money which give it a gigantic edge over gold which you can't really use in exchange for goods (use as currency) besides you can use bitcoin to send money online without using a third party service (you can do with gold too but you need to use a service).

also holding and storing bitcoin is way easier and more secure than storing gold. you can hold millions of dollar worth of bitcoin in a bitcoin address that you have printed on a tiny piece of paper that you can easily hide. but you can't hide gold bars easily.

Don't compare it to something which is already losing its shine...
Gold is something you can have physically too, Bitcoins aren't...
Bitcoins are virtually created money valuated on speculations, same as Gold, but you can have Gold in physical but not BTC, as even on paper wallet, you have the fear of losing them if you get it teared, this is not the thing with Gold, but gold is diminishing and BTC is growing stably...

Who cares what uᴉoɔʇᴉq is called. Can people use uᴉoɔʇᴉq to buy stuff? YES! So in fact, it can be seen as money.

I wouldn't be so fast at claiming that bitcoin is superior to gold. It is too early. Gold is commodity used as investment since the dawn of humanity, over couple thousand years back.
Bitcoin is not even 10 years old. And we have no idea how it will scale in the future. Hold your horses gentlemen.

Yeah right bitcoin is now the new gold and a good investment too after all the bitcoin has mine the value will skyrocket to limitless $$$

How about we try to fix all the problems with bitcoin before we go on to declare it the future. Something which in its current form is an absolute impossibility.

Tech securities and assets evolve quickly, I believe sooner than what you think it will have great price.

they are fixing it, did you miss the roadmap? consensus problem is that it is slow you need to be patient

patient is all we need as a user of bitcoin,we just need to spread the word about bitcoin and let the devs do their jobs about the problem in bitcoin.

i couldn't agree more. bitcoin is much better than gold so in the new world it will replace it. and i believe that eventually all the investors in gold and other valuable materials will realize this and will diversify their investment and buy more bitcoin.

I agree with you.  I see it less and less as an everyday currency as I see it is the gold standard for many forms of currencies.  It was the original and the inspiration of all crypto/fintech/blockchain technologies we will see in the future.  I still see it climbing the highest of anything out there.

Its not a new money. Its a form of money which came into existence from some unknown identity rather than a currency existing from a government or in a centralized form.

If I am able to buy anything with bitcoin then its a new money for me, no doubt I need to convert it to fiat first to buy something and I am totally fine with it.

It depends how you compare it. There isn't one form of "money" - it's many different currencies traded against each other depending on economic strength. Bitcoin, or maybe a future replacement can be seen as just another currency in that basket. It's an open ledger, which is useful but a single security weakness can bring it all crashing down.

of course bitcoin is not the new money, its the cryptocurrencies  ;D
if indeed the world will turn online for the next years to come, i think we'd all be dealing with altcoins. And so maybe each country will have their own cryptocurrencies to which replaces the forex pairs.

its new money as people have never used that before and cryptocurrencies are out there just for a decade or so as far as i know

hopefully devs will keep on making it better by improving the code and it will not be left behind as other currencies with cool features appear

Yes it is a new electronic gold and it is better than the real gold .but no one will speculate how much this worth for the children .Also with a rapid progress of hacking techniques strong security needed.

true, maybe the right word is not the same as the currency bitcoin, but bitcoin as gold or oil, can be compared with the price. bitcoin prices do not correspond with the dollar or even surpassing the dollar, but maybe the price of bitcoin is almost equal to gold

Is that a april fools joke or what. ?

it is just a digital money with lot of potential but nothing not even fiat can compare the rare earth metals. Money is paper. Gold is element. Bitcoin is digital. enuf said.

I agree that Bitcoin is more like an investment. But there are also other coins to consider, that even yield interests.... I find POS coins are of great interest too.

but with this fluctuating situation of bitcoin we cannot leave it as untouched, but we have to keep an eye on it every time, so that we can manage for a good decision at a good time, to not to lose any coin with any price decrease.
By the way we hope for the price increase to the top high.

For now it seems really good, but have you noticed what is happening when we hear about any kind of bitcoin trouble? Price goes down like crazy, we have no stability of gold at all.
Hacking techniques have very little to do with bitcoin, bitcoin itself can't be hacked, only single wallet can be compromised that is not a problem at all.

Silver and gold still have plenty of time to shine, because they will always have place in industry and demand will increase over time. Price of gold at the moment don't have connection with actual value, and is kept low, but this will not last forever.
Bitcoin is very small in comparison with gold.not even 1% of value of gold.

Yeah we want that bitcoin should cross all the limits when it comes to value, as if the price is higher we can expect  many new investors getting into it.

To me, bitcoin is the new money. I have used it to buy goods and pay phone bills. I can also to use it to pay other service.

It depends on what you mean by " as valuable as gold". If you mean marketcap, well that's a trillion+ marketcap.. it will take some time, but it can be done way faster than 100 years.

Now on the price for a pop, it will take no time for Bitcoin to become more valuable than gold, in fact it was once more valuable than gold (during the MtGox pump), but next time it will be 10 times higher.

i have never paid any bills before with my bitcoins because i dont have enough money right now for doing that and im not working for bitcoins at all at the moment to be honest

i hope that bitcoin will be the new money in the future and the growth of their worth will allow me to make a lot of money for just investing into it, i hope my predictions are correct

I consider bitcoin as a alternate currency rather than a new money. This gives users easy access from any locality if connected to internet. Due to its growth in very short period it has got lots of trust of users.

Its not like a gold. Its like a virtual currency. Not physical.

It is more valune than gold now. Just check the prices

Yeah your right bitcoin is not a physical but if you exchange it into fiat its still a money and you can use to buy any thing you want ..
The value of bitcoin is nearly just like a gold and i think it will more valuable in the future than gold.

Even bitcoin is completely different form of currency, I can not agree it is not money. Yes, its digital and generates from mathematical formula that is Mining. It is almost different in every aspects from the physical currency. Still, it can be our usual money in future.

It is still money to me, for sure it is at an early stage and to use it most of the time we have to convert it to fiat(same as gold) but there will(I hope) come a time when it will be accepted almost everywhere, even at your local stores and then you or them wouldn't need to convert it back and forth, thus making it money.

yes i agree with you, bitcoin is sure a money for me, i cant equate bitcoin to gold as bitcoin is one form of currency means virtual currency by which we can have online payments and purchases. i too believe that in future it will be accepted in wide ranges than now.

It was never really meant to be the new money.

Truly it's not meant to be the new money. It has existed years back and this is the time for increased adoption. Soon it is expected to have huge adoption when reaches around 5% of world population.

Why do we need new gold? Bitcoin is money and must be used as such. I don't like to fantasy and daydreaming,
this is immature. 1000$ is probably peak of bitcoin, and everybody must admit exaggeration.

Your thoughts are so short sighted.  Look if you think humanity will fail and BTC along with it then yes sell it all and enjoy our last hundred years on this planet.  Why even bother your self with  bitcoin.

If you believe we will move to a Type 1 then Type 2 civ, saving BTC for your off spring could secure your entire blood lines future.  Why do we need a new gold? Because there are random asteroids with more gold than we have currently.  There will never be more than 21 mill btc. 

$1000 is peanuts a pathetic 8 billion market cap, that is nothing, a joke, China/USA spend that in an hour.

Gold is not new, gold exists for a long time (probably since the human exists), you can leave to your children's children's children also the bitcoins and it would need only a small piece of paper with the private key.

hehe we really need a hitech paper now to write down private key in them easily and those paper should be capable to withstand strong rain, fire and flood. I am thinking of throwing one glass bottle with private key inside it to ocean like people used to leave note in ancient time.  :D

That is a super pro idea.

Even if each country will have its own Alt, the bitcoins will be the most widely used and accepted, the way dollar is used today.
So the best of the best Cryto will be Bitcoin.

Lol this guy asks why it's the new gold and says "it must be used as X".

Bitcoin can be used however the fuck you want to use it, having said that, then we have the precedents in history about governments easily passing laws to literally steal the citizen's gold, so no need to even worry about the supply getting expanded to insane amounts once we (inevitably) find some place in the cosmos that has tons of gold. The faster problem will be governments trying to get your gold.

Gold is outdated, gold cannot be encrypted. If something can't be encrypted it's useless in the digital era. Those that know how to hold Bitcoin and encrypt it are the real pioneers and ahead of the game and everyone will eventually hate not getting in way earlier.

making your own altcoin won't gain you any benefits, if any country or organization tries it, they wll soon fnd out how worthless their efforts are.

The whole idea of bitcoin is that no one person can control it.

Yup as you said, Bestie will be the top of all things, I use go with bitcoins only when digital currency comes to world and rule worldwide...

I treat bitcoin as money.  I can use it to buy things I want. There is no difference between this and fiat in some shops.

Screw my children and my grandchildren. I wanna spend it all noooowwww.

If you use your smartphone to buy stuff in shops then there is indeed no difference when it comes to doing payments with fiat money.

I can use my smartphone with NFC to complete the purchase of certain goods with fiat and I can easily scan QR codes to complete the purchase as well but now with Bitcoin.

My children's children already Paycoin tycoons 8)

Why not? We can buy or sell things with bitcoins, and we can buy or sell those same things with dollars or any other currency. I would not compare bitcoin to Gold because we can't store bitcoins into a safe or under the bed  ;D

Bitcoins properties resemble gold. But it is mostly better than gold in every category besides fungibility.. Which it's working on.. Xmr will fill that gap if btc does not

 bitcoin is not the new money, its the cryptocurrencies

After first few years of initiation and pump and dumps i believe in future we could see price stabilisation and finally bitcoin use as money but only if people realized that bitcoin is not investment, as it is now case. Bitcoin is used as money already and in the past, but is far more precious to people than real money..We must relax a bit.

We can equate bitcoin to the real money in future as we can do everything which we do with real money but it remains the same as virtual currency which was its fair nature from the day it originated.