Bitcoin Forum

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 ?

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.

If someone figures a way to break sha256 hash (and ripemod160) then bitcoin would lose all of its value.

I cant see the same happening to gold. Gold will always remain gold.

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.

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'
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.

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

BTC function as storage of value now. Country like Zimbabwe and South Korea purchase Bitcoin rather than Gold.

I dont think Bitcoin can be compared to gold because gold exists since the planet was created and it is the first currency that people used to trade things. If you would have 1 million dollars that you want to invest and you have the option to invest in gold and the option to invest in bitcoin what you would do? It is risky to invest such a huge amount of money in something that you know it could fall to 0 anytime.

Gold is definitely safer and you have guaranteed profit after 10 years because the price is increasing every year. Also it is known by absolutely every person as a good investment ,that is why the price stays stable and it never goes down because always there is a demand for gold.

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

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.

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.

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

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.

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.

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.

Maybe

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 8) 8) 8)

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

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.

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.

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 ;)

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.

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

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.

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.

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.

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.  

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.

It's definitively what really is !
Great point buddy, I see the same of you.

Lol, The importance of the bitcoin or any other investment cannot be judged by its age. Age as we all know is just a number and it is not necessary that the one which is older is more beneficial or wise.

In short, you really need to get your facts straight about bitcoin because it is the new gold of this era and this is the only reason people are switching to bitcoin from gold for long term investments. Gold is no more an attraction for investors.

Great points.
It makes no sense to talk about how old is a thing and compare such thing with a good and wise tool.

I mean, look how many thing has changed only in a few months that are disruptive and more efficient: aren't they good?
Just because something is quite new ( we are taking anyway about something that has with a almost 10 years) does not mean that isn't excellent

I don't think that comparing BTC to gold make sense .Both are two different investment assets with different features.The main reason due to which BTC is different from gold is it's volatility.There are a lot fluctuations seen in it's price whereas gold is known for holding it's value . The other reason is  the trust that people have on gold .It is difficult for BTC to gain that amount of trust .The growth of Bitcoin is higher than that of gold but bitcoin investments are more risky than gold investments .So I don't think they should be compared to each other.

Nothing will beat gold as a first prize currency and/or commodity in worlds precious metal.
But nothing will beat bitcoin as a king of coin in cryptocurrency world.

But gold has numerous difference uses instead of just being a store of value or for transactions, gold price will indefinitely rise quite a bit in the future and to me i think would feel safer holding $10,000 worth in gold

I have noticed that many people are really comparing bitcoin vs. gold. But, yeah, you could say it is almost like gold, investing it in, I mean. The transactions are immediate too so there's no need to wait for too long.

No, they are very different in many ways. You can not use gold as a critical payment system but you can use bitcoin for that.

I think abhwa bitcoin is more than new gold. for people who understand and understand BTC, there are many good comments out there that are dedicated to BTC. and I say that BTC is such a precious thing on earth, stored in the deepest seafloor, that there will be many crazy people trying to get it.

yes bitcoin can also be considered as the new gold because as the demand increase for the bitcoin the value will get increase as same as the gold

I think the OP was using the term gold to refer to BTC  figuratively perhaps due to the current happenings and hikes in Bitcoin prices and not comparing the two. Please take your time and read well before you post comments rather than rushing to boost your post count.

This is like a gold but bitcoin is more profitable than gold because bitcoin is already surpassed the value of gold this bitcoin is so amazing i want to hold it and i believe that someday or in the future bitcoin will become virtual currency .

In a few words we can state that bitcoin is another gold however it is more valuable than gold since it is improving individuals life which is very awesome by side of bitcoin so I might want to state that we ought to consider bitcoin as precious stone and platinum rather contrasting and gold.

Gold was the hedge against uncertainty, the asset where investors could park their cash in times of political and economic turmoil. Now Bitcoin is taking its place, the same role. So, i guess Bitcoin is the new gold.

Bitcoin is better than gold because Bitcoin reached at 10K but gold is still $1,281.90 per ounce. Bitcoins are best.

Bitcoin can have the same function as gold, but what makes bitcoin even greater than gold is because bitcoin makes it easier for people to trade with everyone wherever they are.
So I think bitcoin is better than gold

i will sell it

Considering the skyrocketing performance of Bitcoin so far Tom Lee says, "We think over the next 10 years, this new generation of millennials are going to view trust as a replacement for gold. So, Bitcoin is essentially digital gold for another generation."

The core principle of Bitcoin is focused on giving better benefits than that of the traditional infrastructure so, in terms of investment, I do support the idea of making the long-term investment in Bitcoin considering the growth and world's positive perception about Bitcoin.

At this moment bitcoin is better but can we predict future?
Gold is very famous because of stability and security.
Gold was very valuable 1000 years ago, it is very valuable now and will be very valuable in 1000 years.
What about bitcoin?
Its value has increased 15 times in only 2 years.
There is no stability and security here.
Some other crypto currency can replace bitcoin in the future, who know?
Btc value can grow but also fall significantly, depends on many factors.
In the long term, I prefer gold.

Yes on this moment we can say bitcoin is the best and no other currency can bet its record which so expensive and of course we all know that “Everything that has a beginning, has an ending also. Maybe this scenario is temporary and perhaps  it will make a new correction again which is back to the lowest valued and we need to accept the fact cause it still occur . Im just saying. Lol

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 very different from gold. Bitcoin is a digital thing while gold is real. Maybe the similarity is only the value it has. gold and Bitcoin have incredible prices. Gold is currently one of the safest investment mediums, while Bitcoin has tremendous value. For me gold and Bitcoin are used for profitable investments. However I would never say Bitcoin is new gold !!

Bitcoin can represent the gold in field of electronic currency; which possess the characteristics of gold like its value never depreciates and not affected by the threat of inflation.
At the same time they become more expensive as the time goes by.

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.

Bitcoin and gold are different commodities. While bitcoin is getting a tremendous value each day it is still volatile. This is not the case with gold. Gold has always stayed as a very beneficial investment from a long time with no fear of losing its value. But things may change in the future Bitcoin is also being termed as virtual gold; why? Because what gold gave to people at some stage of life, today Bitcoin is doing that only with a faster speed and that thing is making them rich.

Do you think a ten thousand dollar valuation does not ring any bells to you,do you think it is not a serious digital money for anyone,one thing i do accept is that ,when i first started using bitcoin the zero cost of transactions and the fastness with which you could send money across the world attracted me ,things have changed now,but i really wish i could see bitcoin like i used to see in the past,with lower transaction fees and faster confirmation.

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, I think so, it's like new gold now, its price is now stable and growing, btc is very easy to trade and prices change constantly and fast.

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.

However nowadays we see that people buy it to hold it like gold was used to. So they don't buy BTC to spend it as use it as digital currency because everyone knows about its scalable issue and the high fees for small transaction - so they hold it to gain for he future. In this way I see it like Gold.

BY the way, I'm not referring to speculators - for them everything is the same  :o

So, why are you here ?   ;D ;D :D

It's very hard to put Bitcoin and gold into comparison, as both of them are actually different in many aspects:

Bitcoin:

• Decentralized
  Digital currency
  You can obtain it in many ways (by GPU mining, faucets, offering services, trading online etc)
  

Gold:

• Centralized
  Metal commodity
  You can obtain it by buying and keeping them (physical gold) or online (virtual gold)

It's rather hard to put Bitcoin and gold into comparison, as both of them are actually different in many aspects:

Bitcoin:

-Decentralized
-Digital currency
-You can obtain it in many ways (by GPU mining, faucets, offering services, trading online etc)

Gold:

-Centralized
-Metal commodity
-You can obtain it by buying and keeping them (physical gold) or online (virtual gold)[/li][/list]

Hi buddy,
you can use it right now if you want as for of payment. And I'm referring to BTC like you can do to gold.

The problem is the people are fearing to loose its value that constantly will raise due to its scarcity like is gold. But with Gold they can discover a new area plenty of that in future, but  with BTC and many other Cryptos you can't. So they hold it instead of using it. If it's not a form of investments this..

It does not mean a thing! You can not only see its value.

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

yes it could be new gold, but nevertheless, bitcoin and gold are different things

I got you point.
Very stimulate answer by the way.

In some way I agree with you. You cannot say what it will be tomorrow because there are too many factors out there.
Anyway it was the same with gold before the entire world started to realise that it's not so common and it was difficult to find - only them they start to understand like other thing on earth it's not unlimited.

So how many years was past before they recognise it ?
I guess many..

What for BTC ?
Due to its scarcity - and everyone should know about it - its price is supposed to rise and rise.
But only IF the people recognise as something that you can change for goods or whatever you want. So in the end it's all about spreading its idea of value I think

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.

I think Bitcoin is better version of gold. Giving higher returns as compared to any other investment,the kind of frenzy that we all will experience in 2018 is gonna be crazy

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.

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.

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

Yeaaaaah  ;) ;)
Definitely an answer

IT'S AN ASSET - so an investment.

Are you sure you can't hold and keep a medal of Gold ?? ???

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.

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.

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.

It is maybe the new version of gold but the whole concept of bitcoin is very different compare to gold because bitcoin is a currency and it has a lot of advantages on its system that made bitcoin as a very special type of asset or investment while gold stays on what it is and i think that there is no available development for gold to use it for better purposes.

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

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 that soon other faster, cheaper and more promising crypto currencies can replace bitcoins due to their transaction speed and low commission prices. 8)

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.

Yes, I would agree bitcoin is just another big thing, that would be more than Gold in few years

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.

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 ::)

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.

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.

We cannot say that but what IF bitcoin will crash to cents..
Its a risky thing but I love bitcoin ..

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. 

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.

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.

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

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.

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?

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.

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.

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.

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.

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

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. ::)

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.

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.

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.

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.

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. :D

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.

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)

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  ;D ;D

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.

Unless they will solve the scalability, fees and time-confirmation issues  ;)

Since bitcoin surpasses gold in terms of values they are saying it as a new gold. But bitcoin could collapse unlike gold that its price is absolutely rising from time to time.

Base on my own opinion as a jewelry seller I believe BTC is the new Gold. Imagine gold as a valuable thing yet to earn or acquire it it requires a big amount of money. You cannot have it without lossing a money in your pocket. And one more thing Gold can be stolen while BTC is secured and protected as long as you want to protect it, sure you can.

That's the best explanation of token I've ever read !!!  :o :o :o
I'll steal that in future

Anyway totally agree with you.
If we deep look why gold its such a value, we come to conclusion because it's well-known all around the world. Only that that makes its value. And its scarcity of course, and its strength to resist in years. Like Diamond. They have such a thing that other minerals do not have. So they have value.

But what if nobody knew their features ? They would not recognise such a value, don't you think ?

So that's it: it only depends how more and more people give it a value based on the features that it has. Like BTC

Like happened in California, and specifically in San Francisco, people came all over the world because they believe in the " gold rush ".
Nowadays we see something like that.

Of course, before Gold gain such a value years went by. With BTC will be the same I think

You very correctly said that Bitcoin is protected by A, while you protect it. Practically if you offer the equivalent of gold or Bitcoin, then I'm sure that a person will choose gold. physical value is very powerful.

Many states and officials are trying to compare bitcoin with something that already exists. But in my opinion it is very difficult to do because bitcoin is something special and unlike other values

There is often chances of bitcoin to be the next gold of the world. But then there come some problems that are associated with bitcoin. The most and vital of them is, instability in price rate. Gold is a mode in investment and business from centuries and it has been stabilizing the price in one circle that is the main cause of such fame. Bitcoin is amazing in price rates but unstable, still bitcoin is surpassing gold.

New one and better one! Gold it's just a decoration, useless and bright.

They both profitable but do not compare btc and gold. Bitcoin is much profitable than gold by now because the demand is high and we all know bitcoin has a limited supply. Gold used by our ancestor as a 1st currency in terms of trading and if you planning to invest for long term gold is good after 5 to 10 years of investment you can get a high profit and gold has unlimited supply so there always a demand for gold. But for now bitcoin is much better than gold.

Its value is in the eye of the beholder but as plato said: "The highest form of pure thought is in mathematics" so why shouldnt a currency based on mathematical equations be seen as nothing less than glorious.

Yes Bitcoin is a new digital gold. The price of bitcoin is constantly changing, but usually the value moves upwards. There may be delays in Bitcoin transactions will be approved, but it takes time, especially from the bank to send money from country to country. I think the whole world will use Bitcoin in the future. It will be a revolution.

It is significantly less demanding to guard bitcoins instead of gold which needs extraordinary conditions and a safe place. Your private keys can be put away anyplace as long as they are scrambled. Additionally, it is substantially less demanding to utilize Bitcoin for exchanges despite the fact that the expenses are high. Gold stockpiling costs much more than Bitcoin's. Bitcoin has a high opportunity to supplant gold regarding venture

Bitcoin is the new gold because the old gold is now not a great choice for investment because the price of the old gold is slow and boring while the price of bitcoin is aggressive and i can earn faster than the old gold. I already sold my gold bars in exchange of bitcoin because i really believed in bitcoin.

Bitcoin wallets are vulnerable to being hacked and the price is highly volatile, which differs bitcoin from gold.

I can't say BTC is the new gold. Gold is gold. Bitcoin is bitcoin. They are far different from each other. In terms of security, bitcoin is more secure than gold. since physical security can be broken and can be penetrated by others while bitcoin is more like an intellectual property. No one can get it away from you, unless you tell them your secret ( BTC password & address)

BTC is the real thing, I think it has a long long long way to go.  :D

I think bitcoin cant compare with gold I guess, because bitcoin is a crypto currency which is digital currency it has its own value and Its more than the value of gold, Its not gold but its value is more on platinum but as what ive said it has its own value that you cannot compare to gold or any precious stones in the world. But if you have it, then it can make you a rich man in the next five years.

Bitcoin is not the new gold but it's better than the gold.It has very low transaction fees so people can easily trade bitcoin.Also bitcoin is very potential crypto currency.Now bitcoin has high value and demand.If you invest on it you will be rich in near future

holding bitcoin now I think over gold why because the price is high enough at the end of this year, making bitcoin more valuable than gold.

I think your view is not right, Bitcoin and gold are essentially different, can not be compared to each other. Gold exists in physical form, can hold and grasp, and BTC is electronic currency, contained by e-wallet. The most important thing is that the amount of gold is infinite and the amount of BTC is finite. So saying BTC is gold I do not see correctly. Just about the holding habit is that people are always looking to hold BTC as well as Gold and wait for the price to rise to make profit then continue to buy gold when prices fall to hold. With the value of BTC much larger than the amount of gold, it should be said that BTC is new gold is absolutely no basis.  :P

Bitcoin isn't the new gold, because with bitcoin we experience a growth that can never be experienced from any of the other sources. If you hold gold for years what you get at the end might be a 1-5% growth to the maximum. With bitcoin the scenario is different and upon that bitcoin is not the new gold.

In my opinion, Bitcoin and Gold are quite different in terms of how you obtain it. Bitcoin can be found in the internet, earn it, save it, and/or invest it to gain more profit. Gold can be found in the environment, through mining and this is very much tangible.

Rather say btc is the better gold. Btc has a far more higher value than gold even though gold has such a huge market cap and is known by almost everyone, btc is growing despite many laymen not being aware of the concept of bitcoin. Btc is a much better invest for faster profits but gold's price is more stable and can be traded with more easily.

This is evident from this last week when prices were shoot out to such amazing level. Bitcoins are getting familiar in colleges, among students, officials, technical people and best thing about it is governments are getting a positive image of it. And some governments have claimed it to be legal currency because they know better the future is all about bitcoins and they will get benefit for it.

In my own opinion, I think bitcoin represents gold in field of electronic currency. 
The excellence of the company and management which I see from them gives them lots of achievements which recognize their efforts in providing excellent quality service to every investor;
 from this they become always number one in field of cryptocurrency.  Gold symbolize victory,  number one or the best among the rest which I think that they deserve that title to be called.

Gold is pessimistic. There is no doubt about that. but bitcoin is more artificial. But people the complete share of greater than the world don't know approximately bitcoin. Actually bitcoin is once a accessory baby for the world. Bitcoin would be more barbed by the period goes in this area.

The popularity of Bitcoin cryptocurrency continues to increase rapidly. Starting from a party that uses, accepts as a means of payment, and most amazingly, the value of its Bitcoin itself.

Even today, Monday (10/4/2017), when checked on the site https://www.luno.com/id/price, the value for 1 Bitcoin (BTC) is Rp 15.849.000. This value has skyrocketed considerably when compared to 5 years ago. In 2012, the value for 1 BTC is only Rp 80,000.

It is risky this time but the descision is urs

There is no charm in gold other than the fact that its price is stable and it is reliable. Meaning that there is no chance its value can be down or any hack can destroy the value. Bitcoin on the other hand is moving fast in volume and price but few risks are still associated with them and we cannot neglect them.

Yeah as you said gold's price is really stable and it is considered as value storage but bitcoin was found to be used as currency but the demand of bitcoin made its price very expensive.But in my view bitcoin is more valuable than the gold because the price of bitcoin keeps increasing at high speed.The price growth in the year 2017 is 2000% and still increasing.
But bitcoin investment is risky because of its price volatility so gold is better in terms of safe investment whereas bitcoin is good in terms of profits but with risks.

Yes for now the price of bitcoin is higher. That's why more of us hold more bitcoin because they know that someday the price of bitcoin will level the price of gold.

It is known that money itself has no value, that’s why dollar, euro, etc. cannot be compared to gold. Gold is limited, so is Bitcoin. The price of gold depends on the cost of mining and supply/demand, so does Bitcoin. Gold acts as a store of value, so does Bitcoin mostly. Sure, there are number of issues that hinder Bitcoin, but it is following the right path to becoming a true digital gold soon.

i would say

gold = btc
silver = ltc

I agree with coinhunt. Bitcoin will in the future probably be a store of value like gold.

Saying BTC is new gold tao is completely wrong, because the fact that BTC and gold are two completely different, can not be compared between the two. But gold and BTC have in common that everyone buys gold with BTC for storage, not for transactions like cash. So if you consider the use of the same gold and BTC can be considered the same but in essence, the two things are completely different.  ;)

Bitcoin will change the world and turn it into a big powerful system for creating a nano-epoch 8)

in fact, bitcoin prices have always been something high, and are growing very quickly, even beyond gold. but, I also think that bitcoin really does become gold on the internet, and it is a really good investment.

Don't be so skeptical. I mean of course gold it's physical and it has a value worldwide known but it only about time when everyone understand it's potential.

If viewed from the side of a valuable asset, then such an option is possible. But only on condition that central banks of countries add bitcoin to their gold and foreign reserves to increase highly liquid financial assets. This will be the height of the recognition of bitcoin as an asset.

Bitcoin can be said as an online gold asset that is almost the same as gold is useful for long-term investment or short-term and bitcoin enthusiasts are also getting bigger by the day

Central Banks in my opinion would never change their view in accepting something that was thought against them as BTC. So in my opinion with Bitcoin you have to be the bank of yourself so you can truly own what you have. You can't anyway set its volatility because it is in its nature to be not controlled.

it s really new gold! i invested 1000$ ;D

Definately true!
I'll go with long term anyway  :D
Wating the next high

Yea btc is the new gold rush, nobody is really buying that old gold that much now  ;D ;D ;D ;D

True. I think in the future, when all of the adjustment are made - like transaction fees and all that, bitcoin price will become stable and will already started to be use in everyday financial transactions of any individuals..

No, i don't think that Bitcoin is the new Gold and that it will never be. they're two different things, because Gold is something physical that you can see and touch and Bitcoin is a cryptomoney so ... but has many caracteristics of Gold thoug.

Is BTC the new gold ?

in my opinion Gold is still a physical existing product
get from digging some on earth ground than a bitcoin mined
thru computer algorithm virtual world,
gold can never be replace by some virtual not existing product, it is not a good parameter to compare the bitcoin to gold , it is far equate
in reality gold is still more valuable than bitcoin because it does exist on our world and it is measured of one state richest because it is real and existing product ,
while bitcoin is an computer program that don't exist on our real world
only on virtual world yes , but never it can be compared Bitcoin to Gold.

don't be mistaken Im a pro and an investor on Bitcoin
but reality is far better than virtual things.
still there's more to look forward on the growth of bitcoin.

- Lei Crypto Gray

BTC is not like a gold because gold is not a only asset it is useful thing also but btc is not like that it is an asset. we should keep it for profit that's it. it is cryptocurrency. compared as price means then both are equal.

Gold would never be teplaced. GOld would always be the standard of rich people just because that no matter what era it is gold woukd always be valuable. Even if the internet is down there would still be balue in gold and that’s the weakness of cryptocurrency

You can compare bitcoin with gold and there are many similarities between them and it is reasonable to describe BTC as digital gold. They are rare commodities and you can't just create more BTC or gold. Gold and also BTC are very rare and there are limited amounts of BTC (there can never be more than 21 million bitcoins) and gold.

BTC isn't the new gold. It is just something that is like gold, only digital.

Btc  its better then gold . modern days currency  its a digital currency . i hope btc will sustain another 100 years .

Correct - both gold and bitcoin has a maximum cap of numbers and thus that is why it is considered as a limited and scarce resource. This makes it more valuable than fiat money where the government can produce more as long as they want and in so doing, fiat value will decrease as it produces more.

I think on one hand bitcoin is better than gold because it is money making machine while gold cannot do the same in short time, and on the other hand gold is better that bitcoin because gold is real money and more secure than bitcoin because bitcoin cannot be hold by oneself while you can hold gold with yourself. Bitcoin can be hacked while gold cannot be. This is the big difference. Therefore I feel that bitcoin is not gold of the day. These two are different things compare to each other.

You are correct about that and one thing I wanna add about one of the advantages of bitcoin over gold is that you can accumulate as many as you can of the former without to worry about where to store it, unlike gold where you need to find a place to store it like the banks and or a vault.

With bitcoin, you can be a multimillionaire without letting anybody know it and you are at peace while having gold, you need to pay proper taxes and there will always be someone knows that you have that much amount of gold.

Maybe bitcoin and would be a good repository of value, that is, acted in the role of the same gold, but it is very unstable. Judging by the way he jumps in price and according to his general behavior, all that he has been gaining for years can depreciate in an instant. Most likely, that someday it will be so. Therefore, I would not say that bitcoin is a new gold. He is too unreliable for this. Gold is gold after all, it is stability.

Yes bitcoin is a fvcking more than in the gold having a volative and peer to peer transactions is more usefull than minimg gold lol. I still prefer to just mined bitcoin than gold because it’s super profitble if we did it hehehe

In my opinion, Gold is definitely safer and you've been awake after 10 years because the price keeps increasing every year. Also known really by everyone as a good investment, therefore the price remains stable and will not go down because there is always a demand for gold. while bitcoin is very difficult to predict and its value is not fixed ..

Gold is the best and safest way to ensure that your investment will still be intact even after 20 years. It's growth might be negligible at this time since funds are still flowing in the stock market, but when times of chaos hits, money will flow into gold being the safe haven that it is and price will rise by the $100s or even $1000s.

Many people in the world used bitcoin because bitcoin is the new gold in internet world

Gold is the most popular in the world, if you have a gold, you are rich in the eyes of people. But if you have a bitcoin, you are rich not in eyes of people but in real life. Bitcoin is the most highest value than the gold

they use bitcoin and buy it just because they want make some money from it and don't want miss the train

Maybe, bitcoin is the next gold but there is a similarity.

Bitcoin is easy to obtain through online and easy to buy but gold is an expensive item and hard to buy.

So I'll go to Bitcoin.

Not just a new gold. An era of golds has ended.

Toady Bitcoin is more popular than Gold, I think. An era of golds has already ended. People are more curious about Bitcoin than Gold. Bitcoin will cross gold within 1 years. Bicos Gold price are fixed but Bitcoin price always Pumps and Dumps. Bitcoin can give you a huge profit. But Gold can't.

yes .now bitcoin position better than gold.bitcoin very demand able ..i say with full confidence bitcoin it the future diamond 

When it terms to the newest treasure can be found and touch here on earth. I think yes. Btw there is a difference between literal gold, and bitcoin as we considered as gold.
Literal gold is not changing its price, while bitcoin is changing its price. There is a similarly between the two and that is the importance and effort to do to gain it.

I agree, bitcoin is more valuable than gold, and suppose I was asked to choose to invest my money, choose bitcoin or gold I prefer to buy bitcoin, even though it is expensive, but I think it would be bigger to profit if I invest my money by buying bitcoin, compared to buying gold would be faster buy bitcoin for value to the profit.

Yes in the aspects of trading and the business purpose the BTC is as like as the which is so much drastic increasing of price value in the market of business. So overall i think it is same aspect as new gold.

BTC is first, BTC is love. Altcoins provide features and can replace payment systems. But BTC should take his place in history and maybe become a digital gold

what i think the concept of bitcoin is decentralization but now bitcoin can be money laundering by Tether AKA USDT.
  and the price pump and dump even we sleep. but i think bitcoin is the next money like gold. everybody love the concept of bitcoin. bitcoin now very famous. you can use it as your investment. but so many pro and contra about bitcoin. finally i love bitcoin..

Many more people own some gold (bullion, not jewlery) compared to those who own some btc. Ratio may even be 100:1.

gold  is real, btc is not, so how can it be?

bitcoin being use as investment more than gold because price rising fast in short time.
you can buy 1000 bitcoin in 2010 less than 1000$ and can sell it with 15,000,000 today

BTC is the new gold because BTC is the most highest value than gold..

i don't think so. some gold has a high price. we can make jewelry from gold also that can make us look more elegant. But Bitcoin is a virtual coin that has a high price and Bitcoin has no physical form, nor can we use bitcoin to beautify ourselves. Essentially they have advantages and disadvantages of each other. (That's my opinion  :-\ ???)

I think that is the closes thing you can liken BITCOIN to compared with other things. The have some similarities in terms of value storage but bitcoin is more liquid. In addition to the reasons you listed why bitcoin has not officially been accepted as official digital currency, the anonymous nature of the address is one too.

I think what OP was trying to say is that bitcoin is like the new gold in terms of its value and investment not obviously on wearing it because bitcoin is a virtual currency and therefore we can't touch it.

But both bitcoin and gold are good investment vehicles though.

Per ounce, bitcoin is higher than gold but per volume/weight/kilo gold is still higher than bitcoin. Bitcoin is the new gold for us who can't avail to buy a whole gold bar or 1 kilo of gold. It's intangible and others are skeptic about bitcoin / virtual currencies because they can't touch or see it's physical form. But we know the value of bitcoin and it's very important to everyone who are holding it.

Yes, it is the new kind of “Gold” in human’s future.
If gold is a valuable tangible assets, Bitcoin will represent as the intangible.
Bitcoin is supposed to be held in the long time when you luckily found it or got it, even bought it.
Its value will increase day after day, of course there will be some fluctuation, but in the long run, let’s wait and see

I don't think that it is. Bitcoins price is completely changing rapidly in price as time passes by. Golds price does not depreciate quickly it only increases in price each year and move to its prior goal.

If you consider bitcoins value unexpectedly go up it is really a gold. Lot of people got surprised by the way bitcoins value rised.

And now because bitcoins can be hard to mine its scarcity can be compared to the situation the gold is in. We want morr of it but the supply is not enough making its value to go even higher.

For me bitcoin is really like a gold.BTCBTC

Yeah you're right.It is new gold because of it's higher value that can be more than gold.We can call it new gold because as we noticed Bitcoin is the number one cryptocurrency which dominate other coins.Everybody right now are full of motivation and hardwork to earn bitcoin because of what btc can do to make as millionnaire.

I think it is, As of now im just some searching about this bitcoin and what the people say about bitcoin, Some of them are said bitcoin will be have a big value than gold. Because bitcoin for it's always increasing the value and it is a first time that i see bitcoin was reach in $17000 it's a big value of bitcoin and bitcoin for now are now popular to the people in around the world.

That's the reason why there's CRYPTO RUSH right now.

because public trust is very high with bitcoin, then they consider bitcoin as gold and investment..

A new gold maybe it is not the first time the Gold being the first prize is evicted and become 2nd to silver because of lack of gold supply we have historically, the question is is bitcoin supply will meet the combined gold reserve of all nation? In terms value over appearance gold still the best and can meet the demad more than bitcoin

I Think that, bitcoin is more valuable than gold. if anyone say to choose bitcoin or gold I prefer to buy bitcoin. but I think it would be profit if you invest your money to buy bitcoin, compared to buying gold would be faster buy bitcoin for value to the profit. now a day Bitcoin is more popular and valuable  than Gold.

BTC is the new gold if you can find a way for BTC to remove oxidation from printed circuit boards.

how do u compare things valued in weight to crypto

But if something happens to Bitcoin, gold will remain and will not go anywhere. So the question is, what is more important is rather controversial.

bitcoin is already old enough to be called gold this days. just invest yours on ethereum and see how much money you can gain from investing on one of the best coin in the market. bitcoin is so hard to increasing anymore. time to stop think about bitcoin future. lets think about altcoin future cause I think altcoin is the only way for cryptocurrency to survive.

Its value is already high enough to be boldly called a new gold. However, the price of gold is more stable, so bitcoin makes many people nervous about their fluctuations in prices and gives gold more weight.

The similarities of Gold and Bitcoin are that their values aren't tied to any government currency
and the amount of Gold and Bitcoin in the world is Finite.

However, Bitcoin is more portable, convenient and also has the ability to do cross-border transactions. Another difference is that Bitcoin has no intrinsic value or utility - its value is solely determined by supply and demand as is only worth what the market says its worth, whereas Gold has an actual value and use from the metal itself.

I think bitcoin is better than gold because its so very expensive.

ha ha great analysis what are ur thoughts on palladium v btc or is very expensive your official analysis

They are 2 different things.

What do you think is easier to sell 300,000 dollars of gold or 300,000 of btc, I can tell you it's very easy to sell 300,000 of gold in one pop

i know but people won't stop with these btc better than gold threads it's driving me nuts

I couldn' t say yes, that btc is a new gold because gold is absolutely known by the whole entire world from the beggining of our lives, it is also valuable and the prices has never changes in terms of grams. People kept it not only for savings, also for decorations as the jewelries. Thats why gold will not be gone, even btc get famous in the next century.

So gold will be the new palladium, silver and gold, yeah let's throw in copper as well

Heard about this - BTC is a digital version of gold, a new asset class. Let's see how it develops.

I agree with you. However, bitcoin prices are volatile,  gold that has prices likely to be stable. Both are very profitable to be invested, which is important to maintain its security well

If you are comparing BTC with Gold as an investment then it could be. But actually not, Gold we can use physically but BTC is a crypto currency not present physically.

There is no working comparison between the two, as Gold is not only used as investment.

Earlier, bitcoin was compared to new gold, since it more fulfilled the function of accumulating value than a payment instrument. However, as the cost of bitcoin increased, the risks of investing in it began to increase, as it became more and more apparent as a financial bubble that could initially inflate in value and then burst. Therefore, until a certain time, it will be a new gold, but gold can practically be stored forever, which can not be said about bitcoin.

As a newbie, I am still on the process of knowing what BTC all about. Well, if it is really new gold, it's good and if not, still good. BTC is a new gold! An information that everyone would like to hear. If it is really true that Btc is the new gold, I would convince other that they should try investing Bitcoins for their future.

Gold is still better than bitcoin. Bitcoin is just expensive than gold but in terms of stability and importance, Gold is so much higher. Also if there will be professional traders or investors that will pick either of these two, they would probably pick Gold over bitcoin.

I Think that, bitcoin is more profitable than gold. on the off chance that anybody say to pick bitcoin or gold I like to purchase bitcoin. be that as it may, I figure it would be benefit in the event that you contribute your cash to purchase bitcoin, contrasted with purchasing gold would be speedier purchase bitcoin for incentive to the benefit. presently a day Bitcoin is more mainstream and significant than Gold.

I agree with you mate. I like the way you put your words - reads like a pleading of a lawyer. Anyway, I agree with you that investing with bitcoin at the moment is more profitable than gold when we are talking of investing in short-term.

Must better on that way to invest your money into bitcoin, Actually im just trying to buy some bitcoin on when the bitcoin has have a low value and i hold it until the bitcoin has increasing so much. And i earn enough bitcoins and get some profit for that buying a bitcoins in low value.

In the long run, the long-term expected return on cryptocurrencies should be low. In the hypothetical return that should be at or below the low of the global real output growth, the digital currency should be considered a low / zero return or hedging asset, similar to gold or some other metal.

Have you figured out how to do this with bitcoin yet?

http://therefiningcompany.com/images/EScrap/GreatTraces_800.jpg

How about this:

https://geology.com/minerals/gold/medical-gold.jpg

Or this:

http://farm4.static.flickr.com/3240/2614578132_882c54330a.jpg

Gold is shinny, But bitcoin is not shiny and attractive just like Gold and in fact it is intangible, Bitcoin can't be seen physically moreover it has a price of $8,472 as of November 25, nothing is perfect in the world.

Gold is shinny, But bitcoin is not shiny and attractive just like Gold and in fact it is intangible, Bitcoin can't be seen physically moreover it has a price of $8,472 as of November 25, nothing is perfect in the world.

For sure! In fact i think Btc is better than gold now. I’d definitely rather to collect bitcoin than gold. Probably it’d be a wiser choice :)

Of the many people who equate bitcoin with gold, where these two sides are very valuable, but assume that gold is the right fit for the long term, and when the bitcoin comes gold may be very much different in comparison with bitcoin, everyone know that bitcoin is so much better than gold, and bitcoin is very valuable for now and forever !!

Yes i agree on that bitcoin is really better than gold in terms of gaining process because the bitcoin is really a good source of an extra income because it has  a unstable price which is really good for trading and investing  process and it has really a good feedback from all investors.While in gold we cannot really gain a big amount because we need to have a big capital because its price is always on a high status ad we cant really afford on it.

Definitely bitcoin  has taken the place of gold now. More investors who bought gold previously now have started to buy bitcoins instead. Bitcoin is the digital gold.

Yes that is right bitcoin should not be consider as gold, it is an online currency and i think in current time providing more opportunity to people to make money as compare to gold. In current time gold has a very stable value and we can see a very slight change in its price even after a long long time, while there is always a big fluctuation in the price of bitcoin and one can really get a good profit even in short period of time.

Bitcoin is not the new gold, this nonsense is tiring. One is a precious metal that has been used as a means of payment between man since the dawn of time. The other is a non-tangible digital asset with no real world “physical” uses. That being said owning both is the right move (depending on ones current portfolio).

Gold exhibits two different use cases built upon its intrinsic value and scarcity. Gold is used for ornamentation due to the inherent properties it provides such as malleability and shine. Gold is also used as a store of value to hold wealth because of the scarcity.

While #bitcoin does not offer ornamental advantage, it has it’s own inherent advantages such as payment processing or data redundancy along with smart contracts. Additionally, #bitcoin is also designed to be scarce in nature allowing it to be a good alternative asset class to hold your wealth. For sure, #bitcoin is a competitive asset for ‘store of value’ currently to gold and it may optimistically surpass the volumes of investments in gold reserves in the near future.

In my opinion, BTC is higher than gold. The problem is that the BTC goes up and low. While the gold only goes up but it takes years before it's price increases unlike Bitcoins..

Why does everyone always want to compare bitcoin to something they already know. Is it that hard to wrap your head around something completely different?

My car is better than my daughter.

Sometimes my daughter refuses to eat. My car never refuses to eat gas.

My daughter sometimes won’t do what I ask her to do. My car never refuses my control and takes me everywhere I want to go.

My daughter and my car sometimes get sick. My car always lets the doctor do what he needs to do to make it well. My daughter screams and refuses to take a shot even though it will make her better.

My daughter is smart but my car has a gps that tells me where I am on the planet.

I guess I should keep my car and get rid of my daughter.

What is your point here? Bitcoin is having a different purpose when compared to that of gold. But that doesn't mean that there are no similarities between the two assets. Just like gold, Bitcoins can also be used to protect the value of your savings.

Gold is more widely used so it has the higher benefit of laymen investing into it. Btc is great fpr holding and to earn profits but the kowledge about it is quite scarce. It is easily one of the best investments to invest into to earn money through trading and invtg activitires.

My point is the post above yours. You don’t need to compare bitcoin to gold, silver, debit cards, MasterCard, welfare cards, my daughter, my car or anything. I’m sure I can find similarities between bitcoin and all of them but they are fundamentally different.

Bitcoin can be sent around the world in minutes. Gold can’t.
Bitcoin, if used correctly, can eliminate the need for a broker or bank to help you. Gold can’t.
I can carry a million dollars worth of bitcoin in a number written on the underside of my dick. Try carrying a million dollars worth of gold with your dick.

Gold can be used to make jewelry, aerospace parts and computer electronics. Bitcoin can’t.

I get your point. Bitcoin is supposed to be a cryptocurrency, a digital money that can be used as an exchange for goods or even services, and to increase convenience and innovative. However it was not designed as it is supposed to be and now everyone is treating it like a gold. It drastically goes high in value.

That’s close to what I mean, yeah.

gold and bitcoin is a big difference. Gold it's most Trusted in the world. And the price of gold is more stable. But I  wish someday Bitcoin is more popular and valuable than Gold.

True.. Both of them are valued differently, but at the same time, they are valued by what the consensus believe in.

Bitcoin is a new gold, but the difference between bitcoin and gold is that, I think bitcoin is better than gold. In these few years, bitcoin has increased several times since the gold. Bitcoin will also increase in the future.

Bitcoin is digital gold and more precious metal for lifetime most valuable asset because of limited supply

Yes, bitcoin now possessed the characteristics of gold (invulnerable, indestructible, expensive, and more valuable).
The excellence of bitcoin in the industry brings them to achieve this title and I think they are deserve to crown to be gold and spread knowledge for the innovation of tomorrow.

Definitaly true buddy!
It gonna takes many years however. Be patient and Hold like never before

I do not think so mate. Ok, it's not phisical like Gold but it has value.
And what about Bank Trasfer? They are not phisical either but one can receive the money from another person.

So what the main difference between BTC and Gold?
The first has a limited qualtity, and you will never mine more than 21M rather than Gold that can be discovered a new " line" in any day and potentially everywhere.

So its price depends of the quantity avaiable.
Make your consideration

They are not telling you if they had discovered other gold somewhere - because if they reveal it its price goes down. That coul not happen with BTC

Gold and Silver have unique properties, such as being the highest conductor for both heat/electricity. Silver is better than gold slightly in that aspect and also has antibacterial properties.

Agree bitcoin has its own unique properties, in places during the GFC people invested in bitcoin to avoid letting the banks steal their money.

Bitcoin, I think, looks more like a digital "gold" than a currency.
Because of the slow transfer of bitcoin, the problem of block congestion still exists, so it's hard to be a real currency right now.

bitcoin is more than gold if we compared with the price both it is beyond double price many times. i would having btc right now

Yes, it is a digital gold that helps us gain such a huge amount of money. It is a new gold. Yes, bitcoin will be our new gold but it doesn't mean that gold wont exist but not that like bitcoin. Because bitcoin is becoming more popular right now because many people are still using it. Must trust ourselves for us to gain and believe in bitcoin if you wanted to have that.

We should treat bitcoin more than gold because bitcoin is superior in gold because bitcoin got the technology that we really need and that is the decentralization from the blockchain and without it we cannot get into a revolutionary ideas which can change the world into a better and transparent world.

it already a gold ;D

yes it is really a gold, virtual gold or crypto gold, invest in bitcoin is better than the gold but pice is variable compared to gold.

IMO, Gold price is more static than the price of BTC? Correct me if I am wrong, sharing session. Hehe

as we are able to see the new way on technology to be that bitcoin are may become as what we have to treat gold for are being one of the best kind to be cause we are in the new era of , and so on this bitcoin are one of the best example of.

Yes, bitcoin price have a lot of potentials compared to gold with a very small percentage of increasing.That is why many people are into it now.

I think that bitcoin is not new gold, more exactly bitcoin is a new type of investment that can give bigger profit than gold. bitcoin and gold are different because the bitcoin is intangible and gold is a kind of precious metal

Oh yeah, that's the right remark. Bitcoin fever will soon begin.

I think BTC can become a new coin on crypto market :D

Indeed, we can consider bitcoin as new gold as bitcoin have no such qualities like gold but yes after gold we can consider it a second gold as price of bitcoin is too high like gold while some of qualities are related to gold like we can see volatility quality and other qualities like trust, security etc.

Bitcoin can be a "new gold", something that is so hard to cash in and trouble to store.

After the lightning network is deployed, it will also become "new dollar" and "new visa".

This assumption is interesting, however, I think the bitcoin value is infinite, because bitcoin is formed from technology, the bitcoin value expressed in usefulness and utility. Let's imagine that if bitcoin is popular and is widely used in projects, elections, corporate philanthropic campaigns ... The effect that it brings is amazing. It would not be fair to compare bitcoin like "new gold"

Bitcoins and gold has some thing in common and it is ok to name bitcoin as the new gold. Both are asset that can check against inflation of your fiat currency. The only difference is that bitcoin is online gold.

Bitcoin is bitcoin and gold is gold. One is intangible and the other is certainly tangible.
Nauticus Blockchain Market Analyst

Bitcoin is like the gold because of the fixed amount of supply that the people can get some bitcoin and just hold it and expect the same thing that happened in gold that its price is just continue on going up but even though it is on a slow process, it is still alright because the progress is consistent and the price is just keep going up and expect the same thing in bitcoin in the next few years.

Yes,i think bitcoin is the new gold .Because both gold and bitcoin are very valuable .Gold is used as ornaments but bitcoin is the currency which is invested .Apart from this ,gold is very old and trustworthy .But bitcoin is like a newborn .Both gold and bitcoin are beneficial for humans separately.

Now bitcoin actually worth as gold but some could de-crypt or break the transaction mechanism ,then bitcoin is use less. very limit supply make extremely valuable . Bitcoin is easy to store and if have private key then you can guarantee 99% security for your bitcoin. 

There are a lot of reasons why many view gold as something which is better than BTC, one of which is a retrospective-sentiment attached to gold itself. It had been used and already had value during the age of pirates and an earlier age to that, thus it already has a long history in the human civilization, wherein the population already has a general consensus that is has value.

Yes bitcoin is like a gold or should we say much more than a gold. Now bitcoin is actually worth as a gold or much as a gold because it increases its price day by day while gold stays on its normal price. Bitcoin is similar to gold because it can help people also to suport everybody needs but different in increasing the price but it is equal on what people think to the both of this.

To me, it's in a few words that we can say that bitcoin as another gold but more valuable than gold because it improves the life of a very admirable individual from bitcoin side, so maybe we should consider that bitcoin as a precious stone and platinum like contrast. 8)

for me it's worth mentioning that btc is new gold because the price increase of btc is higher than gold, the gold is due to the year you wait before the price rises or falls so your revenue is slower here but bitcoin everyday changes its price significantly from your gold sales and it's better to sell btc for bigger profits.

In my opinion btc is new gold.Bitcoin transcation so fast there is no need long time for btc transcation.BitcoinIts 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.

BTC is not a new gold. I think BTC is more like stocks than gold. Prices up and down are like looking at the stock market.

in terms of bitcoin being intangible and gold as tangible is kinda obvious - what I think should we compare them with is their value. During the old good days of gold rush, the scenario seems the same, many people flock to mine and accumulate bitcoins just like before where people were also mining and trying to get golds as much as they could.

Gold and Bitcoin is totally different from each other... Bitcoin is a digital currency while Gold will remain as it is... Though, they both have a very attractive value nowadays.

Maybe. But compared to gold, supplies of bitcoins are way smaller compared to gold. Gold also has more uses other than giving value to money or being gold reserves for banks and countries. We can also use gold as a means to power our electronics. But I guess we could say bitcoins are the new virtual gold.

That a great compare - at first everyone is willing to gain more than others. But with Gold you'll never know how much there are out there ( because who found do not tell you) - with BYC will know since the beginning how much will be in circulation.

And beside gold, Bitcoin can really solve an issue here: getting rid of the banks that have been collapsing the entire economy.
Maybe Gold was used in a such way thousands of years ago when there was no other way to exchange goods. But now we live in a digitale and intere era with still a currency printed!

I could say that bitcoin is the new gold. Gold will have no value if we all agree that it does not have a value. It is only valuable because we all agree that it is valuable. Like for bitcoin, we all agree that the scarcity of bitcoin would be the main attribute why it is expensive.

I think not because the btc was already parnah there's just not as high value right now and I think btc's gold is old because the bitcoin has been created long enough and I think it's old gold but its value is rising dramatically and popular nowadays and bitcoin although it's been a while but its worth for now it is very high.

I think bitcoin is better than gold because gold is long lasting and is expensive for a long time but bitcoin is faster than its price so bitcoin is better than gold.

Yes but btc is more better than gold cause btc price is higher than gold

Gold is something everyone would like to have at this point but bitcoin has many chances to be better than gold. It's just a matter of time

Bitcoin is new gold because bitcoin today more than the pride value of gold...in our life bitcoin will very useful more than gold. Gold price increase due to the year but bitcoin everyday changes his price. In my opinion bitcoin is new gold.

Of course everyone who does not know bitcoin will think of it, but there are two things about the uniqueness of bitcoin, bitcoin can be used as currency and bitcoin can also be used as gold, only bitcoin is not shaped like real currency or gold, this is the uniqueness of bitcoin in the world of digital currencies ..

A speculative asset. Yes, can be. Because it is a commodity, like Gold, wherein you bought in exchange for cash. We cannot see it for now its purpose since it is on its developmental stage. Bitcoin cannot be consider now as digital cash in real world because its not yet recognize as currency worldwide.

Gold may have another flat year unless it can break 1,400. With the fed raising rates it will prob stay stagnant for a bit but long term it is a good, reliable investment. It's a good idea to have all investments, crypto, stocks,gold, silver and real estate. Cover your ass it's hard to make enough to retire

Gold will always be gold and noting can compare o gold ......bitcoin however just like gold is in a class by itself with is ability to transcend borders as it does not need the established financial red taped system to initiate or complete a transaction.with the implementation of the lightening network in a couple months it will become a major player no one in financial circles can pretend to ignore .

I don't think so about Gold.
What made gold to be so well know ?
People used to wear it and it has unique feature like to be one of the most resistance of the metals - and of course its scarcity.

But when it started to spread all over the world the news that gold can be traded - so it has a value indeed and not just like something that does not mean a thing.

The same goes for BTC.

what do you mean that it can be used as gold? Bitcoin cannot be used as a gold because bitcoin dont have a physical shape. Gold can be used as a curency and it can also be used as an accesory that can be wore but bitcoin cant do this. However bitcoin can do many things that gold cannot do , like for example bitcoin can act as a currency or medium in order to pay or buy stuffs online/offline while on the other hand , bitcoin can also be an asset and can be used as a tool in order to do other things such as trading , investing , gambling , etc.

Perception of matter is changing! and soon the attitude to gold and to oil (when it will end) will change! of course, while gold is valued, but do not forget that the gold is no longer taken seriously! Already many countries do not tie their money to gold, but simply print! Of course the attitude to the crypto world, will not change soon, maybe in 20-30 years!But in any case, I see a great prospect of bitcoin, in relation to gold!

it is true many people rate it like bitcoin is a currency but not real only digital currency, bitcoin also has a function like gold as an investment tool

Bitcoins will never be the same as gold, gold is not obtainable by everyone and bitcoins is a cryptocurrency so anyone can earn it if they will just work hard. Bitcoin will be always profitable more than gold because everyone is using cryptocurrency to trade in the market to earn profit.

I don't think it's one or the other. I think both are great investments and both good hedges. In all honesty I think a rise in cryptocurrency will really help the sales of gold. If cryptocurrency takes off it will signal a change in the general populations attitude towards value and where they place their truant and I think gold and cryptocurrency will compliment each other over time.

Though both are great investment assets, one can be termed as volatile and unstable and the other we are know to be very stable so the best bet is to invest in both so that when the other fails you, you will have somewhere good to land.

If I think the gold bitcoin of the future and in my opinion is a future investment assets if the price is always changing rapidly 8)

Bitcoin will never ever be as a new gold. I believe that bitcoin is an amazing thing that happened in our times and it helps many people who believe in it. And because many are embracing bitcoin it becomes more and more expensive although sometimes it dumps.
But gold is gold and there is no time from the past history up to now that it is consider as no value, in fact as time passes it becomes more and more expensive.


And the best thing about gold unlike bitcoin is no one can and want to dump it.

BTC should be a relatively new type of gold. The exchangeability of gold is not as good as BTC. The market value of BTC is much lower than that of gold, and it has the value of continuous speculation.

Bitcoins are not gold, they are not the same attributes, gold is stable, but bitcoin is volatile.

You have knowledge bro!
Indeed States no longer use gold as a form of protect its central currency , so they can print whatever they want according to one or two men ideas to try to stabilise and control the whole economy .

After Nixon ( 1971 ) States do not have anymore such a duty to have a stock of physical gold . but many people still think they still has.

It's a matter of bad information, as always.

I Believe, Btc one day gets the sky. Btc is slowly getting popularity The day's demand is increasing.

So I think, Btc will be transformed into a new gold And make the whole world shine.

Bitquin from the point of view that is unparalleled can not be compared with him and anything else, such as gold or other, it is based on exploration or mining, but the price is based on transactions and conservation

bitcoin is bitcoin, gold is gold.
bitcoin is a too volatile market on the other hand gold is not much volatile like bitcon. then how people compare bitcoin with gold.

BTC definitely has gold like characteristics and even more. The world gets digital every day. Gold should do that too.

It is significantly less demanding to guard bitcoins instead of gold which needs extraordinary conditions and a safe place. Your private keys can be put away anyplace as long as they are scrambled.Its not gold but its value is more on platinum but as what ive said it has its own value that you cannot compare to gold or any precious stones in the world. But if you have it, then it can make you a rich man in the next five years.

Bitcoin has the chance to become new gold in terms of long term storage of value. Gold is used not only for value storing but also in electronics, jewellery and in some other exclusive products. More and more people seem to understand that storing Bitcoin is much easier and safe than Gold. You would have to buy a safe for gold or keep it in bank.

People simply believe in gold. In the end, the price of an asset is what people believe it’s worth. Many people believe that fiat currencies will eventually collapse, and that gold will reemerge as the global currency.The rise of Bitcoin as an alternative hasn’t killed it yet.

Bitcoin and Gold are not the same because the value of the gold always increasing ans you can see some drops in BTC, but you can get more profit margain with BTC.

Yes, bitcoin is bitcoin and bitcoin is gold. Bitcoin is our new gold and you must be updated about that. You must really be updated for you to know it. Bitcoin is like a gold or the perfect to say is, bitcoin is more than a gold. Because as we can see how really do bitcoin price increases very high and it can really do helpful for anybody.

Seriously I consider that statement as an idiomatic expression. During the early days everyone seeing gold is like the ultimate income or achievement. But these years gold is becoming more stable with its price. Calling btc as the new gold means btc is the new opportunity to earn income or profit.

We may well read bitcoin with new gold, since the same profitable investment as gold, and even the best value far exceeds the value of this precious metal. And the price grows faster.

I can't consider bitcoin as the new gold. Yes, bitcoin is a treasure but don't compare it to gold. I don't trust cryptocurrency 100%. I'm still wondering what if  bitcoin goes down until it has no value at all? Gold will remain gold, bitcoin is not infiite.

Yes, bitcoin can be called a new gold. Each era has its own certain investment value. It used to be gold, stocks, etc., And now in the digital age - is bitcoin.

Bitcoin is a new type of money and gold. When you say gold it means a rock that can find undrground of the earth by mining it. Bitcoin is also have a mining, so thats why bitcoin is also a gold. But it isnt came from underground. Maybe we need to use other terminology for the word mining for bitcoin. Gold has a value same also to bitcoin but gold is really different be because it has a actual representation. So i said bitcoin is not a gold.

Yes, I think bitcoin is a real new gold. Its value is much higher than the value of gold, and the prospects for development are much more dynamic. Therefore, I choose bitcoin as an investment.

Bitcoin is already rocking the world and the whole market of conventional mode of investments have now surrendered to bitcoin. Bitcoin is already the gold of digital world. If we consider the popularity of bitcoin, it has already been used for international transactions in developed states such as Japan, USA and so on which depicts the fame of bitcoin. I am pretty sure that in the coming months, the demand of bitcoin is further going to increase making it more popular.           

I don’t think some currency can replace gold. Gold is physical which is easier to have assurance that it will not be lost or be hacked. And the value of gold has a definite price unlike bitcoin because the value of bitcoin is volatile.

bitcoin is not a gold, though gold has its own worth and can also be mined but bitcoin is a cryptocurency which is an internet currency trade-able, spendable, and mine-able only on internet. bitcoin has its own worth and can declared as an individual asset just like gold.

Bitcoin has faced lots of challenges but its still the Alpha coin, the delays in transactions work against it but im sure it will overcome it with time as improvements to address this will definitely be made. The price changes are however a crypto characteristic that no one has control or influence over so its beyond BTC's control. its still however the best there is in terms of value so it might just be the new Gold.

Yes for me Bitcoin is like new Gold. Because it is unique and the price is so expensive it makes me say Bitcoin like new Gold. Unfortunately, Bitcoin is not as intangible as Gold. But it is only worth the numbers only. Although Bitcoin does not exist Bitcoin has a very expensive price and can exceed the gold overpriced.

I'm not agree with.
If you think about gold - try to think in a disruptive way. Can everyone be able to control the market influence its price by mining ( and here yes with physical act ) and extract more ?

Do you still think big corporation do not pretty understand how the market law works? They have the best engineers due to their economical power so they can afford brilliant minds.

They do not knock to your door asking you:" can we mine some more ? Except the price to go little down in a bit "

Come on. Open your eyes: they can control whatever they want.

Same words goes oil - or I should say black gold - too.

Gold is always the new gold, no matter how valuable bitcoin gets or how much bitcoin prices rise, it will never replace gold as gold is a much more stable store of value as it always has been

Well for me it really is.Bitcoin is the new gold because it has a huge value the reason why many people are now investing to bitcoin rather than gold because in bitcoin once the value rapidly increase you can be able to earn big profit compare to gold even though it is a little bit risky but still many people and trusting bitcoin including me.

Not exactly gold. Gold is limited. Actually limited. You can't say that about BTC. BTC presents cryptocurrencies at all and they have unlimited potential.

There's no point to call as new gold. Since we know gold price annually increasing and it is safer then bitcoin, We can use it everywhere and on the top gold has legality everywhere. Bitcoin users always get lost and profit due to its price. While there's just few chances of getting benefit from gold they have big difference.

Go and get some study before writing this mate. I'm telling you for your safety.
You know, it's about some people like you that price could go down and have this form of red&green candle.

You heard about "easy gain profit" and you buy instantly without even know what the fucc it is - so you dump when the price goes down and like you many other. So the cheaper price for us.

But that was not the main point of crypto.

Always study before.
Take care

For me there would only be one gold and that is something that we should have to understand. No matter how much the price of bitcoin will fly from here even if it reached its zenith to abmillion. People and the whole of the world would still put their trust kn something that is tangible on something that they can touch and see and hold. Whereas bitcoin is great and everything but they would never be able to provide that same security that bitcojn can have where it has no volatility

maybe bitcoin arguably new gold that is very expensive, and until now bitcoin used as an investment of many people, and the more fore bitcoin known as many people,and hopefully bitcoin remains the number one coin.

Many high authority business news outlets such as CNBC, Forbes, Bloomberg, Business Insider, Verge, Engadget, and TechCrunch has already considered bitcoin as the new gold. writing so many great articles about the future of bitcoin and how it's very important to invest in bitcoin now for the future.


Bitcoin Is the New Gold
https://www.bloomberg.com/view/articles/2018-01-31/bitcoin-is-the-new-gold

Bitcoin Is The New 'Gold'
https://www.forbes.com/sites/panosmourdoukoutas/2017/08/30/bitcoin-is-the-new-gold/#7ab2c9f63b36

Why Bitcoin is the new gold
http://uk.businessinsider.com/why-bitcoin-is-the-new-gold-btcc-2017-1?IR=T

No bitcoin will be never like a gold. gold is a hard investment we can touch and feel it. but bitcoin is cryptocurrency i can't touch it. just sea in numerical format that's it. in case bitcoin will get more profit means we have to pay more tax for that. gold is not like that it is always for mine only. bitcoin will get ban means almost all crpto's will be lost. gold is in my hand only there is no fear about lose. so gold is different than bitcoin.

I think btc is more better than gold

It may be right now and for the near future but nothing is certain. ;D ;D ;D

Christopher Lowey, strategist at RBC Capital Markets, notes that he noticed a potential correlation between the value of gold and the price of the crypto currency. This trend, notes Louni, arose in late 2017 and continued in early 2018, indicating that, since the price of bitcoin had quadrupled, investors could potentially start selling gold to buy the currency.

i agree with you and I think that Btc is more productive than gold. In case anyone say to pick Btc or gold I jump at the chance to buy Btc in any case I figure it would be advantage if you contribute your money to buy Btc appeared differently in relation to buying gold would be speedier buy Btc for impetus to the advantage. By and by a day Btc is more standard and critical than Gold.

I dont think that bitcoin is the new gold. Although both of them holds a high value which is good in making profits, they differ alot from each other. Each of the two has its own market, a reason why you just cant compare the two. Gold is a physical object while bitcoin is a digital thing. Both has a good value and an ideal investment.

I will always prefer to hold my coins because the value of bitcoins in the future will obviously increase even more. Bitcoins last wave will occur on 2021 and when that time comes, there will be shortage on bitcoins so the price will obviously increase so we should probably hold our coins even more.

Yes bitcoin is new gold, gold in digital form
It is not wrong to analyze Bitcoin as gold in digital form. Because to get it, you have to "mine it" first. the way is to solve a math problem that involves a series of complicated algorithmic calculations on the computer .

Bitcoin is definitely gold and will continue to be the gold standard, with more people investing in bitcoins than gold.

Bitcoins now make more money than gold, because demand is high and we all know that the supply of bitcoins is limited.

There's no good reason for call as new gold. Since we know gold cost yearly expanding and it is more secure then bitcoin, We can utilize it all over the place and on the best gold has legitimateness all around. Bitcoin clients dependably get lost and benefit because of its cost. While there's only couple of odds of getting advantage from gold they have huge distinction.

Well for me it truly is.Bitcoin is the new gold since it has an enormous esteem the motivation behind why numerous individuals are currently contributing to bitcoin as opposed to gold in light of the fact that in bitcoin once the esteem quickly increment you can have the capacity to gain huge benefit contrast with gold despite the fact that it is somewhat dangerous yet at the same time numerous individuals and trusting bitcoin including me

There's no good reason for call as new gold. Since we know gold cost yearly expanding and it is more secure then bitcoin, We can utilize it all around and on the best gold has legitimateness all over. Bitcoin clients dependably get lost and benefit because of its cost. While there's only couple of odds of getting advantage from gold they have enormous distinction.

if right now yes because i wait for the right time to sell it if the price can be higher than i expect for now i hold it for my own thing want to do!

Btc resembles the characteristics of gold, only its existence is only in cyberspace, but.. as time goes by, it looks bitcoin outperforms than gold and it is more directed to the advantageous side for everyone, until more widely recognizable among many people over all its advantages that can be said to exceed gold.
I think for now & so on it's more suitable said as a new currency, not a new gold.

I guess, yes. The BTC is now the new gold and in fact better than gold or any other investment that people used to do. The valuation inflation of BTC has left all other kind of investments. Like in gold, people used to buy it and hold it till its valuation inflates but in case of BTC the valuation inflates at very high rate, so BTC is not new gold, it's better than all other investments.

I think so. Bitcoin is the best crypto currency which is also a new version of mining. Many of us gamble with Bitcoin. That is, when the price is low then we buy Bitcoin and then when the price became high then we sell them. As a result, we got a  profit. Sometimes its high and sometimes it's low. It's a kind of mining. Gold is like that mining. But when we use to sell them it becomes difficult for us to transport. On the other hand, Bitcoin can easily be sold and also can easily be transferred. To me it's more preferable to use Bitcoin instead of gold.

bitcoin is very good as an investment tool, and bitcoin is not inferior to bitcoin. but for now the price is down, and it could be a good opportunity to buy it. well, if i have a lot of money, maybe i will buy it.

Anyone can invest in Bitcoin. Your friend. Your enemy. Your whatever. However, you must advice them to learn about the basics of Bitcoin and cryptocurrency first. Investing in Bitcoin without having a basic knowledge of Bitcoin or not knowing what you're doing is a recipe for failure. You don't just follow the band because everyone is in the band. Invest in bitcoin only after study and research.

It could be the new found gold in terms of its value which truly exceeds gold's value. But as to risk, bitcoin is a risk asset where its market price will fall down hard unexpectedly. Bitcoin is not for everyone because only those risk takers have the heart to invest on it.

Bitcoin is much different from gold as it has wast use and gold is only assets and Gold price moves slowly but Bitcoin is more popular and its worth and popularity is increasing every day.

I do not think that there is any rocket science in bitcoin investment, a person can learn about it in few hours, but becoming a good trader specially for becoming a day trader he need to get some experience first, because trading require some good experience and trading skill, without good trading skill and experience trading can be consider as more risky.

It is more than gold if it all happen as you mention in the post.it is that we cannot touch in our entire life but retaining thse gives us a sigh of relief.
The gold we cannot show anyone for being lost.

I believe Bitcoin will be the new gold.

Bitcoin is a digital money but same time it is defined as an asset because it is limited and very valuable. I think, in this sense it is possible for me to define Bitcoin as the new gold.

I'm not sure we can compare bitcoin and gold and call cryptocurrency new gold. Rather, it is a new type of investment. But he can't replace the gold.

Yet bitcoin and gold are different concepts, although I prefer investing in cryptocurrency, not precious metals.

These are two completely different concepts, but bitcoin is being accepted by major corporations for the following purposes.
Tùy chọn nhỏ của doanh nghiệp này đã có với bitcoin nó đã nhận?

1) Hodl 2) Reinvest into business

If a small business that sells baked goods wants to reinvest the money it made from selling donuts to buy more dough to sell more donuts, IT NEEDS A WAY TO PURCHASE THE DOUGH!

You are not going to buy the same amount of flour and baking supplies in bitcoin (okay maybe somewhere in this planet exists somewhere that would take bitcoin for this, but just an example). Same thing applies to any business, and car shop will not get replacement parts in bitcoin, and grocery store can not buy produce from farms in bitcoin;

Small businesses MUST have a way to reinvest bitcoin sales into their business, or bitcoin is going to have a big problem ever expanding (unless we see the super giants mass adopt it, is that what we are hoping for?)

So there's 2 potential outcomes:

Option 1) Auto part dealers, farmers, shipping, logistics companies, etc, the backbone of what runs business and the world, start adopting bitcoin as a payment method and it is then possible for small business that rely on these big players to pay them directly in bitcoin (without converting the bitcoin it received into USD), it has come full circle and we live in a perfect world.

Option 2) We do not see a mass adoption of bitcoin in large companies that power small business. A small auto shop accepts a bitcoin and gets a big sale (lets say in the thousands), the auto parts business that it itself relies on only takes us dollars, the small auto shop must wait for the bitcoin to be converted into USD that the auto parts business will accept as payment before it can make a purchase, the end client who paid for the work in bitcoin needs to wait for the shop to convert his bitcoin to purchase the part to the service. Không có thể nếu không thể tự động tự động.

We can say and the bitcoin already surpassed the price of gold but the only differences of this two is bitcoin is an unstable so it can positively go down or up and for the gold its stay the same price. But i think the btc is the new gold and by the fastest transaction at anytime and anywhere and the low fees , make the people wanted bitcoin.

And on the second question I rather hold though it can double up your profit or income.

I don't think investments in gold will lose their relevance due to bitcoin. Gold is a classic, and yet safer than bitcoin, as it is material and tested for centuries.

Gold and Silver have unique properties, such as being the highest conductor for both heat/electricity. Silver is better than gold slightly in that aspect and also has antibacterial properties.

Agree bitcoin has its own unique properties, in places during the GFC people invested in bitcoin to avoid letting the banks steal their money.

I also agree,  bitcoin is very different from gold,  bitcoin has its own unique characteristics that makes it more popular to the community.

Gold is also a precious one that is also valuable and already tested in time.

I think bitcoin is like digital gold. And it there is difference. Both of them are commodity that valuable. The differences gold and bitcoin are bitcoin price grow down and grow up fluctuate, gold stable. Low cost for transaction.

Many people think of bitcoin as gold but personally I do not think bitcoin is the same as gold there are some advantages possessed by bitcoin and bitcoin is a decentralized virtual currency so there is no control of any party like gold that is still controlled by others. and also bitcoin there is no production system like gold because bitcoin is a system that is individual.

BTC should be digital gold in a few years, and the block chain technology is getting better and better, so our attitude towards BTC should be the same as gold.

When it comes to its price i think it almost.
But, bitcoin can't replace the reputation of gold.
 we all know that gold is sign of wealth and power and uses by our uncestors long time ago.
While bitcoin knows only by the people who uses modern technology today. Even the uncivilized city don't know yet its value.

I believe bitcoin is better than gold and until now I still hold the bitcoin I got because the bitcoin price will recover and will increase again

Bitcoin is an interesting crypto with high value, but i don't think its the new gold or is anywhere close to Gold, the instability of the market, makes it less likely for Bitcoin to act as a storage of value as its value can decline overnight leading to huge losses.

Bitcoin and gold are both valuables, but they have distinct characteristic or feature gold is like tangible thing- you can hold it, you keep it into your vault you.can sell it, while bitcoin is like intangible things you cannot touch it, but you can see it because it's virtual money you can use it through digital way... they have great potential of a great profit it just that they're have different ways of using it.

I agree with you . bitcoin as new gold. It has no specific shape but its value is equivalent to gold. Many people yearn for it now. They want to hoard it as much as possible

Bitcoin is a cryptocurreny. gold is  a physical asset which you can see and touch, they are both two different things. I really wish people will stop this comparison game on this forum. Bitcoin is bitcoin.

There has been the belief that investors should "put 10% of your wealth into gold and hope it goes down." This logic underlines the well-known fact that when gold rises in value it indicates that other assets are performing terribly and fear is gripping the market. So to know whether BTC is the new gold or not we need to meet economics shock

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

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 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..

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

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. 

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.

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.

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.

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.

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.

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

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.

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.

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.

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 )

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.

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. :)

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  ;D

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.

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.

BTC is obviously much more than gold. It is an kind of investment that anyone even can't think of. It is an very big achievement and great opportunity for every human. About an decade ago , people used to invest their money in gold but investing into BTC is much more profitable than any other investment and moreover one need not to wait that long to get profit like people wait in gold and in future BTC will be the prime method for transactions.

You are the genius! I almost cried on my seat reading it - you really need to write a book or something.
Apart from that I agree with you that it needs to be a world without borders if BTC could be the only currency circulated and this is just a dream. So in the reality this will never happen.

BUT, and here we are discussing the "new gold" however - in the internet there isn't any border so there it could be the only currency to use ; so you can buy stuff online and be paid in BTC as we see more and more example happening.

Yes, bitcoin is gold in the sphere of cryptocurrency. Currently low fees in the network, all are oriented to bitcoin since this currency is the oldest and more reliable than other tokens. I trust bitcoin more than other currencies, it's more reliable, I think so.

Bisa jadi.yang jelas BTC adalah aset yang dengan cepat naik dan kadang juga turun nilai jualnya.
Tapi BTC lebih di sukai dari pada emas.
Karena emas agak susah naik nilai jualnya.

Bitcoin has become the new gold, since it has a great value, with the difference that gold is tangible and bitcoin is an intangible cryptocurrency, however, both assets are very appreciated all over the world.

I don't think so. Bitcoins today are still in need of a good redesign or update to be and remain the king of all cryptocurrencies. However, if you play your cards right, then bitcoins will get a run for your money once invested at the right time. Plus, bitcoins can't conduct electricity and wear it as a bracelet compared to gold.

Yes it may be the new gold or it may be more than we are just thinking about it. Look at the journey of the Bitcoin, wgere it first started and where it is right now. There may be tough journey, 10,000 Bitcoin for a pizaa to 10,000 pizza for a coin. It shows its power to the world. Picture is not over yet, there may be twist in the tale. Get yourself ready for the movie after intermission.

Can be said so, if gold is unlimited but bitcoin is limited, with 21 million stocks and now only 20% left untapped, I'm sure the bitcoin future will continue to improve even though bitcoin will not last forever.

The difference between gold and Bitcoin is that the daily trade volume for Bitcoin (with respective to its market cap) is much higher than that of gold. And this is the primary reason why Bitcoin is more volatile than gold.

Yup of course that's right, bitcoin is digital gold. Buy bitcoin at a cheap price and sell it at an expensive price or bitcoin on the way up. Just as real gold buys when it comes down and sells when it goes up.

Bitcoin can't be compared to gold at my opinion because have no value like gold. Bitcoin is living just because of trust of people , gold is living because of value.

I think it is, As of now im just some searching about this bitcoin and what the people say about bitcoin, Some of them are said bitcoin will be have a big value than gold. Because bitcoin for it's always increasing the value and it is a first time that i see bitcoin was reach in $17000 it's a big value of bitcoin and bitcoin for now are now popular to the people in around the world.

It can be said even though gold will always be a value. It looks like bitcoin is the gold of the cryptomonas.

You are correct for that kind of point of view.  Bitcoin can be stored in your wallet and can access anywhere with your private keys. Gold in the other hand is a valuable one but need to keep it in a very safe place. 

I also believe that in the future bitcoin may replace gold in terms of investment.

I have the opinion that the BTC is more to be the new gold than a coin that will replace the fiat. Anyway I am investing in BTC and holding it for a long term

It is difficult to compare these two diametrically opposed means of investment. But bitcoin, for me personally, is gold. My relatives used to buy gold products for safe storage of money, but I use bitcoin for this purpose.

This is a rather controversial issue and everyone decides for himself what bitcoin is for him and whether he will replace gold. Personally, bitcoin is more profitable for me, because it can earn much more and faster.

We can say that people can rely more on bitcoins more than gold because everyone can work to obtain cryptocurrency while earning gold today is very hard since not everyone can really obtain and hold it for a very long time. Slow transactions and high fee's will not be a problem in the block chain in the future because the technology is improving day by day.

In my opinion, Bitcoin is just a new gold not more then it because they were all from mining and could be using as an currency for selling or trading .
There is just a little bit different on the way you're doing the trade or exchange , gold is little bit harder than Bitcoin because it's a real thing.

I do not think that this is a complete replacement for gold, as bitcoin can not be touched, it is intangible. But this is a great alternative to gold. And nothing prevents them to exist in parallel.

From an investment point of view, BTC is more about gold than other currencies. That's because BTC and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and BTC investment returns in the past five years, the currency's performance is far better than the so-called precious metals, BTC that investors to put money into the prospect of a new asset class.


Compared with the gold standard, BTC rising value and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

I absolutely agree with you, gold has withstood the test of time, temperature and everything harsh yet it is still valuable and and  so many people are interested in gold investment.

The high price of this currency can be justified only if this currency becomes really popular and widely used as a method of payment. However, the reality is that to date, the commission for the transaction is quite large and, moreover, the speed of confirmation of the transaction is also not up to par. Of the 500 largest online stores, Bitcoin only accepts 3, while the last year's figure is 5. However, Aswat Damodaran, a finance professor at New York University, believes that bitcoin is "new young gold" and attracts young investors who do not believe in financial institutions, as well as in fiat money.

If BTC will continue the higher value or price we can compare to the gold. Because the value of gold is high. So their is no reason that bitcoin can level the gold, but all I can say bitcoin is the new form of gold that for everybody.

gold has been the only "money" that everyone in this world accept.
Every "currency" has failed to achieve "money" position because the central government could fluctuate the amount of money spread in the market based on their opinion on diverse situations.
Noone can make gold. The limited amount of gold and the fact that it could not be produced made gold have a position to be "money".

By same logic, BTC is limited to 21000000, and everybody knows it. You cannot produce BTC, transactions are transparent, blockchain technology makes it impossible to cheat on others.
The only difference is that you cannot see BTC like you see gold, but what is so different from USD saved in your bankbook? You cannot see them unless you go to your bank and get them offline. But what made you believe you can find your USD and claim its yours? You just trust it.

If everyone can have full understanding of blockchain technology and just trust BTC, and plus when technical limitation of cryptocurrencies are solved, then the BTC has no reason to not become a money.

gold has esteem since it is helpful. it isn't only an advantage you put resources into and that's it. gold is being utilized as a part of thousands of better places. in various sums and shapes from huge size in gems to little nano particles utilized as a part of restorative innovations.
bitcoin has esteem since it is helpful as well. it isn't only a benefit. bitcoin is valuable since it is a cash which is decentralized. has high security and worldwide. obviously being modest is wanted however unfortunately for this brief time frame we can not have that. ideally we will soon again like we had low expenses previously.

For now yes bitcoin is the new gold due to the way its raining now hardly will you see anybody now without saying about bitcoin now and you come to the price expect very high except now that it is having some challenging factor that are trying to pull down the price of the bitcoin which i know that it will not take long for [t to bounce back to it normal state.

No bitcoin cannot be the new gold because it is not as stable as gold. Although the percentage of ROI on bitcoin is much higher than that of gold though so they are very different.

Yes BTC is the new gold in fact it is better than any kind of investment that people used to do earlier, earlier the people used to invest either in gold or in shares but with the digitalization, everything has changed and even the mode of currency, the currency is also been digitalized and this digital currency is cryptocurrency and the leader of them is bitcoin and even it is able to provide much more profit and within very short span of time, so yes BTC is the new gold.

it is impossible to compare digital currency and gold. cryptocurrency is virtual money and gold is a precious metal that will never lose its value

i agree with you and to me it's in a couple of words that we can state that Btc as another gold yet more significant than gold since it enhances the life of an exceptionally praiseworthy individual from Btc side so perhaps we ought to consider that bitcoin as a valuable stone and platinum like differentiation.

Unfortunately, bitcoin can only be a temporary phenomenon and disappear. And gold will be eternal. Moreover, gold is material, which also gives it reliability.

Bitcoin is the digital world of the new world. In the past, investors are now buying Bitcoin as people travel to gold mine sites and mine. Banks receive high commissions for money transfer. Cost of money transfer through block chain technology is lower.

I can't compare these two types of investments because gold still gives me more confidence because it's been tested for centuries. But I like bitcoin as well, so I invest in it.

Yes, it is a digital gold that helps us gain such a huge amount of money. It is a new gold. Yes, bitcoin will be our new gold but it doesn't mean that gold wont exist but not that like bitcoin.

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

It is significantly less demanded to guard than bitcoin, as we can see bitcoin has a lot of wallet so you can put your bitcoin in your wallet and it will safe for long time but for gold you will have to be worry about safety all the time,. Gold needs extraordinary security. Bitcoin has very high price it is increasing more and more but as compare to bitcoin gold price is not very high,  I trust in bitcoin and I sold all my gold bar in exchange of bitcoin because I trust in bitcoin only.

Bitcoin is called often the gold 2.0. It is very similar to gold , it can be used as a store of value. The good thing which is different from actual gold is that you are in charge here and it does not take a lot of space like gold and also it does not need any guard to safeguard it for you because bitcoin can be stored in your PC or hardware wallet giving you full control over it.

yes same opinion. i think bitcoin is not a new gold because the bitcoin price is very volatile, unlike gold.
you can see the graph of bitcoin price and compare it with graph of gold.