Bitcoin Forum

I've been analyzing all this happening with bitcoin and I'm coming to the following conclusion:

Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.

Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.

Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.

The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.

Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.

In Bitcoin we trust, god bless you all

I seriously doubt that altcoins will see more usage than Bitcoin in the future. Bitcoin has the best developer resources and the greatest acceptance as a method of payment in the real world. Most altcoins are only traded for Bitcoin and have no real market of their own.

Altcoins are a testing ground for new features. The best may be integrated into Bitcoin later. Besides that, there's a lot of innovation happening in Bitcoin development.

I do agree that Bitcoin had a first-mover advantage. But it wouldn't be the most dominant cryptocurrency today without the hard work and improvements done by Core developers.

So I think everything. Just what will you do if bitcoin starts with the same speed or even faster to fall down? You must understand what ever the price may increase and someday it will happen. It seems to me that it is too early to speak about bitcoin as a reliable investment.

I think that altcoin is just a crypto complement for a trade, and in the end everyone who has altcoin will be swapped on bitcoin. The very high bitcoin price it can make a lot of people want to have bitcoin as a way to invest in the future. This can be seen from the trading index altcoin and bitcoin so many choices in the likes of many people as a way to invest.

The most valuable asset of bitcoin for me is its limited supply together with its (pseudo) anonymous feature. We live in a world where cameras and other stuff are always pointed at us, listening and observing our every move. People are now becoming aware of this and now wanting to break free from the system. Bitcoin offers just that, and that is where people see most of its value aside from being a great store of value / investment compared to gold. Also, financial magnates are now recognizing the capabilities of bitcoin to change the way we look at money, and it's a good thing since people believe in these experts thus creating a new influx of users to further drive up the price.

I think the same way you do, I do agree a hundred fold for what you observed. In the bitcoin will be in the middle of every transaction in internet. Altcoin will be always behind and as a best alternative for bitcoin.

I think so...
Bitcoin can be a good alternative tool as a replacement of gold. day by day Bitcoin is becoming a lucrative and profitable saving item. it is also getting accepted across the world day by day. for me, Bitcoin should be considered as a new era for saving and investment in parallel with gold.

Just like Harvard academic said that bitcoin may reach $ 100.000 / btc on 2021
The problem for the next 4 year is you're a millionaire on year 2021 or bitcoin vanish before reach 2021
Of course I'm still have a faith on bitcoin so I'm keep hold most of my bitcoin

I am not so much agree with you

People jump in Bitcoin for speculating on its value, to make a quick cash profit. People jumping in Gold are people looking to secure their investment, a thing you can't do with Bitcoin with its volatility. Both have different investors.

In the case of war and economic disaster in a country, are you going to pay your bread with Bitcoin... or with gold. Don't think the supermarket will accept your Bitcoin. And especially during a war where food is rationed etc, Gold has a more safe value.

And talking about a revolution, I don't see much about any. A revolution is a fundamental change in something (economic, politic, organization,...)
I don't see a fundamental change in the current banking system

That's wrong, if some altcoin was really better than Bitcoin, it would take Bitcoin's place rather quickly. In real life better technologies replace old ones in a span of few years, but in crypto world, with 24/7 trading and quick implementation of new networks, this process can happen in just few months. The fact that Bitcoin dominates the crypto market only proves that it has the best technology, and all altcoins are just experiments and don't pose any significant threat to Bitcoin. Very often their innovative features negatively affect the main thing that makes cryptocurrency valuable - decentralization.

I believe AltCoins are an escape valve, from the utility point of view, when Bitcoin network is overloaded of transactions people use AltCoins to move their money for cheaper fees and quickly. And from the speculation point of view they are useful currencies to trade and make profit online.

Bitcoin is the gold of virtual world and the AltCoins are the other ores (Litecoin = Silver, DogeCoin = Bronze).  :D

I think that altcoins is a valve to release excess pressure from bitcoin and alternative in order to avoid monopoly on the market. They can't exist independently. If bitcoin is going to experience problems then those same problems will be altcoins. So there is only gold and bitcoin. Silver and bronze no.

I think that's what's happening now and in the future, bitcoin is getting stronger because of the most amazing virtual currency bitcoin, so bitcoin is called new gold because the price is so high.
I'm sure the bitcoin price will always increase and the price is always stable like the gold price ..

Bitcoin has nothing to do with gold

You may draw any analogies you like, here and there, but these two things are entirely different assets with totally different purposes. It could be said that they are conceptually different. Just because Bitcoin price has been surging these days doesn't make it into a new, digitized version of gold. On the contrary, Bitcoin would be new gold if its price (or rather value) were nailed down in terms of purchasing power, but in real life it is as volatile as hell. I certainly understand your euphoria and enthusiasm, but there is little which ties Bitcoin and gold together. In other words, Bitcoin is anything but gold

this is very true,
it's very funny for people to compare it between GOLD and BITCOIN.
from the beginning both of them are different,totally different assets.
Bitcoin function is as a payment point for people which is make people easier to send money around the world,withour restriction and anonymity.
how about gold ?
in my opinion GOLD is used as a jewelry and something like that.
you compared this two different world into one ?

its already 3 times valuable than gold, i think bitcoin is more than a gold, way more.. time is the answer

well you just want to afraid bitcoin users, but this will never going to happen, there is no such circumstances that makes bitcoin to fall down. In past when the bitcoin’s price will fall there is a reason behind it. The main reason is to through some bitcoin into wallets of holder, when price become low investors buy more bitcoin and now they definitely going to be rich.

yes, Bitcoin is becoming a new gold. day by day Bitcoin is getting replaced with the Gold by creating huge value price. now Bitcoin is the most profitable system in terms of value. when it was at a low price during that time some people have collected Bitcoin and now those Bitcoin have become a valuable asset at present, which is higher than gold that is why Bitcoin can be considered as a new gold.

It surely is i sold most of the gold i had i sold them and bought more bitcoin at 1800$ really happy with the profit i tried a trading strategy and sold at 4100$ i knew the price would fall one point of time but didn't realise the highest point would be 4150$ now I'm waiting for a drop till if it climbs back again i rebuy bitcoins again

It seems that soon the highest points of your trade will succeed. And i think this is a very good trading strategy to buy at cheap price and able to sell at relatively high price. Of course big enough profit from the results obtained from the trading you are doing.

Bitcoin is bitcoin while gold is gold, both are different. I can't say bitcoin is the new gold since gold had existed a few thousand years already while bitcoin had just started, though bitcoin price is rising and almost reaching the same value as gold is sold in the market but bitcoin is an element and its value does not move that much. And both are an investment and may increase its value more every year, still can't say it is the new gold.

A lot of people are considering bitcoin as gold. Well, I'm one of them because as you can see bitcoin started from scratch and just look how much it grew just within a year. It's best to buy bitcoin now and hold it as long as you can. A lot of people is expecting it to grow up to 5000 dollar just until the year end. So, it's better to buy now and get rich tomorrow.

You can’t see any significant change in the banking systems but soon you will be observing decrease in banks. Bitcoins can’t be compared with gold. Undoubtedly both have investors totally with different mindsets.

Moreover under the unstable and unfavorable conditions, both are predicted either to lose value or gain too much. Under special circumstances like war, it would be wise to use gold. In short, both are good investments.

A lot of people are considering bitcoin as gold. Well, they're kind of close. Today's bitcoin price is almost close as gold, but the difference is bitcoin's price is so volatile and no one knows when and how much will it grow. So, if you're going to compare bitcoin is risky to invest but the earning when you invest in bitcoin is higher than investing in gold.

This feat demonstrates the resilience of Bitcoin, which is often criticized for its preferred role as a means of payment for criminals who appreciate that transactions are made outside of banking circuits and are therefore much more difficult to control.  Roll Eyes Roll Eyes

to me bitcoin is more precious than gold because the profit that we get from bitcoin is much more that the profit that we can get from Gold.

Bitcoin is shown to have all the characteristics that are similar to gold, but there are some things that cause Bitcoin better than gold. I think bitcoin can be said to be a more new modern breakthrough than gold, which has some advantages over gold as a means of payment. Looks at now bitcoin shows its light to everyone, and gives great hope. Well, we can only hope bitcoin can continues to providing great benefits over times.

I think that Gold and Bitcoin are the closest investment tools because there is a certain usability area with limited supply, and both of Gold and Bitcoin are digestible, I think Bitcoin gold technological version.

Bitcoin gold technological version is not right .Bitcoins and Gold are different in properties and price value and the mere thing that bitcoins now are engaging to every country that can more boost its value. Bitcoin is more than a gold now.

You can't go wrong with buy and HODL. In 2020 bitcoin = $50k!
In Bitcoin we trust, god bless you all :D

The Gold investors are not typical techno Geeks, but rather traditional investors with a low risk appetite. They buy gold, because it is seen as a Safe haven. Bitcoin is more geared towards the high risk investor that would thrive in an environment where you have to act fast and play with high volatility.

We < Bitcoin traders > are a special breed of people, who operate at the cutting edge of new technologies and new commodities. ^smile^ 

Bitcoin is the new gold but it is more aggressive than the usual gold because its market is very volatile because of the demand and also because of the emotion of the traders and investors available. The only advantage that i see in bitcoin is, the fast moving price which helps the people in this cryptocurrency world to make faster money than the usual investments.

Yes we can make fast money in Bitcoin trading but this we can't do in gold trading. Here if you have 1 BTC investment every month, you can make money in trading. That much price variation we can see in Bitcoin. But the only disadvantage in Bitcoin is we are not sure when the price will go down. We should ready to accept anything in this Bitcoin investment.

if this trend continues sure we will see that level and bitcoin still not that popular like gold so a lots of chances that this system will be
supported by more investors which will surely drives the value in much bigger one.

also as a pioneer here in bitcoin we have an advantage to those people doesnt know about bitcoin because this is the best other source of income which can provide much higher income in regular job. And i think also if value of bitcoin continues to increase it will be much greater than gold.

Yes, technologically these are two different directions, but the price of bitcoin is now superior to gold and I think that's why there is such a comparison with gold.

It seems to me that bitcoin is rising in price not because a lot of people recognize it. Now there is a capital outflow from the dollar. All understand that the dollar is a bubble which at any moment can burst. Bitcoin is now the most profitable object for investment. It will be bad if he, too, will be a bubble.

This would be a decentralized form of gold, yeah that is why that bitcoin and gold always compare by more people. Those two are great to invest both can gives lot of income in the long term and know we are seeing the huge increase od bitcoin value that is why bitcoin can dominate gold in the future.

Nope. Bitcoin and gold can never be compared. The first one is a naturally occurring metal, while the second one is a digital asset invented by some unknown person or a group of individuals. Also, their price fluctuations show very little correlation to each other. It may be due to the fact that the type of people who are investing in these assets are different.

I could agree with what you have said about bitcoins.But i don't see potential in any altcoin to get importance in usage than bitcoin.Altcoins are just pump and dump coins which have failed to deliver the desired results.Its true that bitcoin has gained attention of more gold investors also so that they have started to buy bitcoin,the digital gold instead of gold.We could not expect gold to give such a huge return like bitcoin.Bitcoin has revolutionized the world economy.It has even forced most countries to legalize it and has left option none other than that.

yes there are some similarities between bitcoin and gold. but i think bitcon is still too much different from gold. because bitcoin is a digital currency which we can use for shopping from a distance, but gold is a solid element and we cannot use it for shopping as currency, gold is only good for saving, where we can save our money more safely.

No it isn't we all know that bitcoin is decentralized which is not covered or handled by the government , and gold it is centralized that government can manipulate the price there are so many difference in bitcoin and gold so it can't be the new gold in the near future bitcoin can hit the biggest price.

actually Bitcoin is better than gold no way to compare these assets against each other except saving money is a common factor link them together , reverse back to history of 5 years if someone choosed gold over bitcoin that will be a total shock by now   

Any asset have a period and an era, the era of gold is gone and new era in present is cryptocurrency.
Many people on the world's after the price of Bitcoin reached $3000/BTC have interested to it and want buy before the value of it increasing more.

yes that  is very right to say, i am also thinking that bitcoin is the currency of the new era, which gold era has gone. in past people were investing money in gold as gold was the best investment in these days. but now bitcoin people fed up with gold as gold is not giving such a good profit to us therefore now people are choosing bitcoin from they they can now earn a good amount of money.

Gold is always my favorite but when I enter into the Bitcoin I am a big fan of Bitcoin. With Bitcoin, i am making enough money when compared to gold saving. Bitcoin became most valuable currency in the world and valuable than gold.

Gold is a rare precious metal and the bitcoin is also digital rare currency since it does not suffer from inflation like as fiat money. But there are some things that cause Bitcoin better than gold. I think bitcoin can be said to be a more new modern breakthrough than gold.

Till now, that hasn't happened, but we are hopeful about the future. Aren't we? Right now, the total market cap of Bitcoin is around $70 billion, while the total money supply (M1) of the United States Dollar is around $3.5 trillion. So BTC needs to increase its value by 50x, in order to catch up with the US Dollar.

Actually there is something wrong with what he said. Currency and commodity is somehow combined which is not appropriate although bitcoin is somewhere in the middle of that. (in my opinion)
I know it is made to be a currency but now it is like a commodity for most of the users. Just investing not using. Letting it rot and hold until the certain price that they want then withdraw. They do that with gold not with currency.

Well, is just that your thread has been posted for a while because currently the market value of Bitcoin has surpass your projection of $4000 and move to $4,245.18 which is far higher one ounce of gold. This is to say that bitcoin is not just a new gold but higher than gold in my opinion at the moment.

You misunderstand about it, Gold doesn't lost its value over time but fiat currency (money) do, losing its value due to inflation.
Simply because gold has really usability, for jewelry or electricity but not for fiat currency which only used as medium of exchange.


Yes, hundreds of altcoins and some coins really has high value but none of those coins will be used more than people using bitcoin in daily transactions. Look at how much business and companies that accepted bitcoin payment, then compare to altcoins.
Bitcoin be the King of digital currency because the 'usability', it has some advantages and being used among people as a better monetary system.

As of now the way bitcoin behaves it sealed its stands to be the most profitable in 2017. It is better than gold when we're talking about this year.

Bitcoin is now nearly triple the price of gold:

https://www.cnbc.com/2017/08/09/bitcoin-is-almost-triple-the-price-of-gold--heres-what-traders-think-you-should-buy.html

At some point it is going to be considered a "safe haven" currency, which people buy when there is talk of war etc.

Lets not forget that gold has value in itself (it's used in many industrial applications, not just jewellery) and its existence does not depend on miners nor electricity. Play with it, just do not put all your money in it.

So bitcoin is the new god(like the saying "In god we trust and god bless you all" idk much about it so don't kill me). I don't know how many million gods people create every day . But bitcoin being the new gold may or may not be possible. Agreed that all the things you said are somewhat true but bitcoin is not assured of replacing gold, bitcoin has good features but gold is something that will take years to get replaced even if it gets extinct. But the Price of bitcoin it's going to increase which i can assure you.

God was just mentioned as a sort of expression. It is amazing how bitcoin surpassed gold value. Right now gold cannot be easily replaced as it is also basis of each nations currency circulation. But what we have to understand is that the gold circulation around the globe is worth in trillions of dollars (currently at 7 trillion?) compared to bitcoin at 70.7 billion dollars.

Gold is a precious metal which is partly used in the production. So it will be necessary in the future. Bitcoin could move to zero in the future.

Gold and bitcoin are kinda complementary. Bitcoin strengths are golds weaknesses and golds strengths are bitcoins weakness. For example, gold is stable, whereas bitcoin is volatile, combining both is the best way forward for those who can afford it.

If you think there is a direct correlation between AU and BTC, there is not, so don't bet your profit on it.

Please, Alt coin is useful and used a lot but it alt coin will never surpass Bitcoin because Bitcoin is always there for alt coin to be in the movement so whoever creates there value cant be used less than who has value because of Bitcoin.
My Point of View Bitcoin id Bitcoin and Gold is Gold, They are not comparable to each other 
I Believe you are not going to make a set of Jewelry of Bitcoin and wear it
Gold is asset, used to make Jewelry, Cannot be send from one wallet to other wallet as a form of payment or transfer to anywhere in the world as easy as Bitcoin.


Price Could fall down but if you see from bitcoin startup till now Bitcoin has always created bottom line, Which its never going to break again so depending on how you want to invest and what are your plans of investment, if your investment is unplanned not only Bitcoin anywhere and anything will be worst but if you have proper plan than Bitcoin is reliable investment

Bitcoin and gold are fundamentally different things. And bitcoin can never replace gold. Because the main idea of ​​bitcoin is decentralization and the lack of physical value. So bitcoin can not be the basis of the world economy.

Bitcoin is like gold standard for others cryptocurrency. Bitcoin is the new gold though it value has surpassed three times one oz of gold. Bitcoin is currently trading above $4,285 and it seems to me that bitcoin is the most valuable assets now all over the world. You have few bitcoin you are a millionaire in your local currency.

There is a lot of truth to this.

The core issue is trust.  With state issued currency, the government is saying 'trust us'.  With gold or Bitcoin, there is no need for trust.  

When people finally realize their trust has been abused by the alliance of governments, central banks, and bankers, they will want to hold a currency that needs no trust.  In fact, my theory is that the elites themselves (who best know how the system works) are supporting gold (and now Bitcoin) to prepare for the day when they will need to support their currency by (in effect) pegging it against one of the non-state currencies.

It would be nice if human beings could trust each other on issues like these.  Sadly, that day is not here, and we have to act according to reality.

I think bitcoin is a currency and gold is a compound both have different strategies and different strategies altcoin users will swiped on bitcoin one day because the demand and the value of the bitcoin is much more higher than the gold, financial supporters of the bitcoin can easily make difference between gold and the bitcoin currency and if the created something new about bitcoin it will surly increase the importance and the value of the bitcoin.

Yeah it is true. I would agree with you. We can compare bitcoin to gold without thinking anything as both are the same. Both have got high value, both are really costly, whoever owns any of these two is considered to be a real rich man. As he has a lot to spend. and this is just a matter of time we will see the bitcoin will nearly be compared to diamond. And that time not so far.

Bitcoin is digital gold and I consider it more valuable than gold at this moment and will continue to growing bigger than gold.
"We believe one of the drivers [of bitcoin] is crypto-currencies are cannibalizing demand for gold,"
https://www.cnbc.com/2017/07/07/strategist-tom-lee-weighs-sees-bitcoin-going-as-high-as-55000.html
Bitcoin price has reached new ATH over $4300 cross global exchanges and it seems gold value will decline until the end of this year.
Look at gold price (-0.18%); https://www.moneymetals.com/precious-metals-charts/gold-price

But sometimes the those people are claiming that the bitcoin and gold as the same commodity. It depends on the people already called the bitcoin itself. bitcoin was different in the physic but not for the value. it was having the same value as the gold itself.

Bitcoin is the gold for people but gold is the treasure of rich. Why can I say this? Can anyone here point me that most of the owner of gold are rich and the government. While bitcoin owns by ordinary people and rich people who invest. There is no such thing as free gold but there is free bitcoin, agreed? When I hear gold I would always point out its destruction to our environment.

Gold and Bitcoin exist from different source and for distinct purposes.

The exponential growth of Gold since 2002 to 2012,

and haven't experience any drastic drop up to this year show the reliability of its value.

in a sense of its value, we can barely say, Bitcoin is the new gold.

True, bitcoin is really the gold of the tech world, and there are not any diamonds here. All altcoin are precious stones, some are common metals. I think this is an accurate comparison.

Currently, it can not become world currency, however, as technology grows to its best, when people work with technology, everything will be paid with bitcoin or any other currency.

Indeed, bitcoins are over taking all other assets with the passage of time. They are surpassing gold by all means. Gold is now becoming old tradition and soon will be wiped out from the face of earth because the world is totally moving towards digital globe. Cashless society is not an imagination anymore.

Rightly said it may takes some decades to become the world currency beacuse each country is not the same page regarding the cypto currency. But as more and more countries starts to legalize the currency we will have more people using and making payment through this currency. Also it helps in remittance so this is also an advantage to everyone in the world.

Cashless society is soon to happen because the cryptocurrencies are taking a big space in the financial world and a lot of people are now advancing their self into a more technology stuff and our financial system can be that too because bitcoin and other cryptocurrencies can be use for that and the traditional investment like gold will not become a good investment anymore because of its slow growth.

Great to know you think about it that way and yes we all love bitcoin too. Its however not gold, it is more than that. A tool, tech that is based on internet. Its price won't fall like gold because it is not centralised like it and most important it is not regulated by government. The government is responsible for its fall as they will Levi lots of charges on it making it harder to purchase and also transfer from one person to another. I mean come on if one day I have billion dollar gold and I simply wish to transfer it to someone then government will call me smuggler! Lolz! But its nothing like bitcoin, which can be traded in amount and anytime. So yeah bitcoin is something better than gold.

yes you make that right, bitcoin is new break through gold but if we said that bitcoin is new source to buy gold then we did not make it wrong. I mean bitcoin is pretty much expensive so if we want to buy gold by bitcoin then we can buy many gold, and on the other hand you can buy much less bitcoin from huge amount of gold, I think you get my point.

For me, bitcoin is very valuable than gold and I think it's better to buy bitcoin than gold although bitcoin does not have a stable price, but bitcoin has a very good future and I'm willing to spend my money to buy bitcoin because bitcoin prices will continue to rise and it's very good.

The Chinese are flocking on this currency, as it makes it possible to bring out currencies in the country's discretion... The yuan is at a very low level compared to other currencies which prompts the Chinese to want to exchange their reserves for stronger currencies, such as the dollar. The authorities are trying to avoid this capital leak, and the use of Bitcoin helps to evade state control.

For now the price of bitcoin is going up,i do expect a time when the price will be stable in the future.


Sure there are hundreds of other alternative currencies and they are trying to follow bitcoin and some try to be anonymous,either way bitcoin will rule without a doubt

The price has already crossed these valuations and i do expect them to go down for some time and for sure in a very short years the price would be triple from where it is today.

This is a very interesting fact, bitcoin is progressing very rapidly and all eyes are on bitcoin. Bitcoin is the digital gold that everybody is looking for include me.

Bitcoin has become more then this when he crossed gold in price. From that point he is going up and really becoming GOLD of this time. Nothing can compare with bitcoin at the moment in price and value. And yes bitcoin is for everyone most valuable possession they have or will have in future time.

bitcoin cant bee like a gold never
btc still not real maybe iff they come offline but right now never cant bee like gold

I do not recall the issue of any altcoin to be tied to the amount of BTC mined, but if you know better, please, let me know.

Everyone still wants gold. That’s why it price is so high. Yet not many get the chance to possess it. Only the elite few do. altcoins better than Bitcoin? Very funny joke. Have you been living under a rock the whole time you were on this forum? altcoins are just speculation. They have no real use. Bitcoin, however, can be actually used to buy stuff (although barely any merchants accept it as payment). That is what Bitcoin so much better than any altcoin. Just check the cryptocurrency market capitalisation list and you will know who is boss. Here is the link: https://coinmarketcap.com/

Bitcoin’s cap is much higher than any cryptocurrency. It has more that 50% market dominance which is rising everyday due to increasing prices. Bitcoin is the mother of all cryptocurrency, that I agree with you and it is the most powerful.

Please don’t call Bitcoin an altcoin. Your perception of it is warted. There is a fine line between Bitcoin and altcoins. I mentioned it earlier in the post. Altcoins are not currencies. “Stuff”, other than things that they are specifically created for, (like enjoin coin in my signature) can’t be bought with Altcoins. Completely different story for Bitcoin. So a piece of advice: don’t call Bitcoin an altcoin. It can trigger some very passionate Bitcointalk members. (I am telling you this from experience)

Yeah … God bless you to mate. :)

I could not agrre more to your observation. And another thing is that bitcoin is what dragged most of the people in to the crypto currency world. Meaning, they got interested in cypto currencies because they saw bircoin and its potential that is why i believe that no matter what altcoins these people get a hold off, they would still stick to bitcoins or never let go of bitcoins. Plus, it is not limited into just 1btc. I can be divided into pieces just like a dollar and its cents. And we all know that this capability of bitcoins are really important because the price of bitcoins are getting higher and higher each day.
That's what i think.

I think that altcoin is just a crypto complement for a trade, and in the end everyone who has altcoin will be swapped on bitcoin. The very high bitcoin price it can make a lot of people want to have bitcoin as a way to invest in the future. This can be seen from the trading index altcoin and bitcoin so many choices in the likes of many people as a way to invest.

Yes, by considering the potential of bitcoin, naming bitcoin modern gold or more than gold must be more appropriate then simply comparing it with gold. I am not just considering the price value of both bitcoin and gold but the store of value capabilities and returns we could expect from bitcoin investments are the biggest differences or benefits we can enjoy from bitcoin compared to gold.

In near future people are going to value one satoshi similar to gold. Except this, I'm not finding any other way to compare bitcoin with gold.

Altcoin are just created for trading and only some of them will only become a great rival to bitcoin in the future. We already see a lot of proof for this like the altcoin exchanges in different websites that are only going up and down and it is seem that the movement of the price of the altcoins are just being played by the traders.

bitcoin has gone past its gold phase, at this moment it is super duper white gold. There is nothing which matches the profit returns bitcoin is yielding. one can see that all traditional investments are way behind when it comes to the returns from the bitcoin.
Interesting this progress is continued from last two to three years.

Will say same.  For the moment there is nothing that can be compared with bitcoin.

Well actually some stocks do - check the NVO Novo Resources (a gold mining start up with 10 000 km2 of land secured for gold exploration in Australia) performance on the Canadian exchange this month, but who cares.

We never can conclusively say no altcoin can overtake Bitcoin in popularity and usage. Times and climates do change. We should also expect this here. Most people didn't give BCH a chance but today that coin is around $820 barely 20 days after it was born. Who knows it may supercede Bitcoin in the future.

I can bet that it won’t be able to surpass bitcoins because if this coin is increasing in value, then bitcoins are increasing at greater speed. The bitcoin team is definitely not going to sit idle when the other such potential coins are launched in the crypto market. They will obviously improve the bitcoin technology.

bitcoin is indeed different and gold, gold historically viewed by society as an object of value and gold is only a hunk of stone that sparkles and limited (rare) and make it as a "mass storage device". but the bitcoin also has the same characteristics with gold but unlike gold, bitcoin can not be faked and bitcoin can you move in the world in just minutes so that I can refer to it as digital gold better.

For those of you that do not know, gold was chosen for the gold standard for the purpose of backing currency because it cannot be destroyed . Maybe destroyed isn't the right word. It was chosen because other metals tarnish and Decay over time. In that respect Bitcoin and gold have that in common except for the fact that bit going to can be burnt and lost. Both are considered Commodities legally. That is about the point where they split.

To me, Bitcoin Cash just can increasing in value like @PokerFace3 said, because with 8MB blocksize I think very easy for hacker attack 51% and make the blockchain system receive error or controlled by someone, this is reason in past time have many people don't like Bitcoin Unlimit.

Comparing bitcoin with gold will be something that I will say I'll thought because they are not the same in anyway and they set out to achieve achieve  different objectives which is one fundamental thing to consider. While one set out to be  primarily an asset, the other set out to replace the fiat and give everyone freedom from the shackles of the banking and government institutions.

What I see and observe bitcoin skyrocketing is real if bitcoin is called a gold substitute, because until now bitcoin can be a modern investment in this era if it remains stable or up from time to time.

Good point but here is little hard to determine what is good and what is not that good. Gold is good option cuz all major if not all countries using gold as let say cold storage, but in case of bitcoin he is more like digital gold but not just like real one. Again many consider that bitcoin will be new gold but he need to be physical for that.

Yeah, in some reason we can say bitcoin is like a digital gold nowadays but the sad factor is the saddin up and down of the rate value of the currency exchange.

I sometimes think of investing on other altcoins, believing that its price will go up someday. But compared to the price of bitcoin as of now, it is too far. The growing reputation of the usage of digital currencies is what made me think that the price of bitcoin will constantly grow.

Comparing to gold, bitcoin is better as of today. investing on gold can take many years to atleast get a 50% profit. With bitcoin, the price fluctuates in a faster rate. If you invested in the right time then you will get profit in just a short period of time. The only advantage of gold is that it will exist forever and in bitcoin, no one knows how long it will live.

No it isn't bitcoin is more better than gold, gold is centralized that's why some people can manipulate the price of it, many of the politicians can corrupt it. while bitcoin is decentralized no one manage, meaning that bitcoin is well balance so it can't be the new gold it is the better gold.

Now bitcoin still can be mined as gold but when bitcoin reach the maximum amount, the demand will be much higher and the price will keep increasing.

Definitely bitcoins are the new gold of the era. I would rather like to pay tribute to bitcoins for making our lives comfortable and easier by calling them ‘digital diamonds’. They are going to grow in the coming years and will be rising much higher in value than we can even imagine. Let us all stay loyal to our bitcoins to have a great future.

Bitcoin is sure new type gold in any way of this word. This will be future in any possible way and outcome. Why is that, all think that cuz of current value but image in let say 5 years price could be atomically high also can be little higher then current one. This makes bitcoin more interesting with each day and with new users coming every day.

Gold's market is heavily being manipulated by governments, but Bitcoin in the same way is also getting manipulated heavily be a certain number of elite market movers.

The most important aspect of gold, and Bitcoin at the same time, is that you can store your wealth outside the governmental and banking system. In terms of gold, this is assuming you own it in physical form.

Gold that people own on paper or in form of certain financial instruments don't count, just like the Bitcoins you store in online wallet services and exchanges don't count.

The situation in bitcoin is more dramatic. In gold market, there are unlimited number of players. So the speculation is way harder. In bitcoin, there are a few whales having the most of the market volume and cap. They move the price wherever they want.

By saying this, I'm not like blaming bitcoin or these whales. This is a free market and they can do what they gotta do. Bitcoin will maintain precious just like gold.

There is no such thing as old Gold. Gold always has and always will be the standard for money, alongside its virtual equivalent, Bitcoin (of course) :)

Indeed, Bitcoin is a new type of gold... only digital. People who love gold should also love Bitcoin because it is the same thing and built on the same concepts... and unhackable and Blockahain tech is revolutionary.

That is too soon, bitcoin is the gold of crypto but bitcoin is very far away from becoming the new gold, that is going to take a lot of time if it happens at all.

I think the bitcoin is new gold and We are all agree with me. because this use high level every country.

Yes, bitcoins have beaten all other modes of investments in regard of generating profits. No other investments whether they are some digital currencies or physical investments like gold etc, are as profitable as bitcoins have been in the last few years. I am glad that bitcoins have been introduced to world.

It just tells that you are not very familiar

With "other modes of investments in regard of generating profits". There are quite a few investment vehicles that can potentially give you as high as or even higher profits than Bitcoin has been offering so far. You may want to look into, for example, commodity options (like crude oil ones) or volatility indexes. The latter could give you insane amounts of profits in less than not time as well as completely destroy your capital in no less time as well. But if you know what you are doing, Bitcoin would look pretty pale in comparison to these instruments in terms of potential profitability

I am not very familiar with Futures and Options (F&O). But as far as I know, it is not possible to get more than 100% profit from F&O. The maximum limit is 1x (please correct me if I am wrong). But Bitcoin has given more than 100% returns on a few occasions.

It isn’t only the new gold but its also the new diamond infact. It is a better source of income if fully harnessed and you can keep it safer than you can keep gold. You could have bitcoins worth more than $5000 and walk around with your phone with your wallet in it. But with 5K gold on you, you feel insecure.

I'm curious where you got that idea from

Indeed, you are wrong. It is your losses that cannot exceed 100% but your profits are virtually unlimited (especially in respect to options). With options (I mean call options, before all), you can lose only as much as you paid for the option but your profit opportunities are virtually unlimited and defined entirely by the growth of the underlying. In relative terms it means that you could earn thousands of %% within a short period of time if you turn out right in your assumptions about future growth of the underlying asset. Most likely, you meant buying put options where you cannot earn more than 100% in the case the underlying asset hits the floor. But this is not the case with call options

Gold was for the olden days when there was nothing like technology, and people only had Gold as the best option for saving their money. In this new generation, we now have Bitcoin which is far much better than Gold. So, yes! Bitcoin is the new replacement for Gold.

I agree of this. Making bitcoin as the new gold. But not by disappearing the real money. Only add the bitcoin as the money. And bitcoin as the new gold because of its high value. Looks like a gold, isn't it? It's like a gold, right? High value and hard to mine. That's it, Bitcoin as the new gold. I agree on that

Before the existence of bitcoin, gold is very valuable, even to this day the gold remains valuable. With the advent of digital currency in the form of bitcoin value is able to match the value of gold, even sometimes bitcoin value can exceed the price of gold, I can conclude that the role of bitcoin is very valuable as gold.

Gold is an asset of a completely different level. Gold is the more the insurance asset. It slowly increases in price, but is appreciated in any situation and in any state. Bitcoin currency has become an investment asset which yields high returns but have a greater risk.

It wont be able to match the value of gold in bitcoins because gold has a higher value but in the future it will. Well now we could say it gold because it has a big price unlike gold it has bigger but it is difficult to own a gold now. In bitcoin you can own it if you buy it or earn it online. Thus, gold will be gold and bitcoin will be bitcoin they have both big values!

Now bitcoin still can be mined as gold but when bitcoin reach the maximum amount, the demand will be much higher and the price will keep increasing.

Bitcoin is now a very diamond like kind of gold, this is very awesome though because there is no diamond like kind of gold, but am just trying to explain its value, its like the combination of gold and diamond.

bitcoin prices from year to year continue to rise, now the price is more than 4000, and I'm sure bitcoin will give to the advantage for people who use it for investment, bitcoin can deserve new gold called because many who want bitcoin.

exactly, day by day Bitcoin is gaining its ground by providing a massive amount of profit. once upon a time when gold was the only factor of saving. but in the modern technological arena Bitcoin is being considered as the most profitable system. so that I think day by day Bitcoin is being replaced of gold as a saving tool. that is why it can be said that Bitcoin is the new gold. nowadays Bitcoin is more valuable than gold. today its price is almost beyond 4thousand USD. so it is very clear that Bitcoin can be considered as the new gold.

So I think the better bitcoin of gold is right, if true this is a wonderful opportunity for everyone. They buy bitcoin and saved for 3 years ahead even more. Bitcoin has its own value just rocked the world with a value of 4000 usd. Beat the gold price. I think bitcoin is the gold of digital money that deserves to be recognized as a promising investment.

Bitcoin is better than gold. Bitcoin is a currency that has investment potential. Many of the properties of bitcoin is superior to gold. And how many of the features of bitcoin still not solved! Only this potential is entirely dependent on community action. Now we are the builders of their own happiness.

The price maybe, yes it is the new gold or much more that gold. But the risk is much higher we can't hide that fact. When we're talking about long time holding or assets, as an investments so in and so forth. So it's a matter one man if he can handle those risk.

Indeed! The use of gold reminds of Stone Age. Gold was definitely the mode of investments when people were unaware of the technology and even in some parts of the world where people are still foreign to latest technologies, they use gold for saving their money. But in the developed countries, gold is becoming obsolete commodity.

Yes, bitcoin can be consider as new gold, which value is increasing day by day. Current value of the bitcoins has been already crossed 4600 $ and it may touch 5000 $ by the end of the September month. Bitcoins are producing highest returns if we compare it with the gold, so as per me bitcoin is the new digital gold.

Can be spelled out that bitcoin is now a concern in terms of investment because of its market price continues to increase over time so it is interesting for many parties to invest in bitcoin

So anything that can produce insane returns is a kind of gold to you?

What about volatility indexes then, which can be more profitable than gold and Bitcoin combined (and by a good margin at that)? Should we consider them as new gold too (despite the fact that they are short-lived by their very nature)? Gold is known for the stability of its value, not its high returns. In this respect, you simply can't compare Bitcoin with gold, but that's the quality which people value and praise most in gold. As to me, Bitcoin is a far cry from that, by any means

Yes we can compare to Gold. But history and its creators. We can not defeat it.

But the bitcoins really outperform the price of gold and keep it up at the height of the price. I agree with you that it is said that three years later the price will be higher. Since I saw it in 2015 the price was only $ 400 and just 2 years later it was almost triple. So with bitcoins we trust.

yes, Bitcoin has played an important role in the virtual monetary system. it can be compared with the gold.once upon a time gold had been considered as the best saving tool. at that time, people loved collecting gold for the symbol of affluent. but the time has been changed, Bitcoin is replacing that position nowadays. in terms of value Bitcoin also getting higher than gold. so it can be said that Bitcoin is the new gold.

Come on, boy! You could have explained all this in few words. There is too much repetition. Yeah! We all know that bitcoins are latest and most effective way of saving your capital and it has successfully replaced gold in the market especially in developed world. Bitcoins volatile nature is giving them an edge over gold.

Watching the news. What Harvey has left behind from Corpus Christi.
Houston forced to announce a dusk-to-dawn curfew.
Chemical plant beeing in a critical state due to the floodings.

This is a huuge economical desaster that allready hits on crypto economy. When I am watching my portfolio value in Dollars I have to recognize they are merely worth 0.8300 cents now if transfered into the european currency. And Forex exchange rate getting worser each day. 86, then 84 now 83 day for day falling.
Bitcoin isn't expensive. The Dollar is weak, today.

This millennial catastrophic condition could last some days, when reconstructuring the damaged infrastructure begins the economy will recover again. Timefrawe some monthes.

In a flooded area the old gold doesn't require electricity.

Gold is a real thing and bitcoin is a  virtual value, And bitcoin can't be compared with the gold. How many gold will you get just with once bitcoin? and you will get a lot of gold, bitcoin is the new gold for the digital life. There is no thing that really valuable than the bitcoin in digital life.

yes I agree, I think bitcoin has a better future than gold because bitcoin prices always go up a lot and make us more money. gold takes a longer time can be up to several years to rise while bitcoin takes a faster time

I bought my first bitcoin in March and my best friend invested in gold in the same period.

There is no need to tell you who is most happy now

bitcoin can be said new gold, because bitcoin prices continue to rise even more expensive than gold. I think the price of bitcoin will continue to rise so the investment in bitcoin is very profitable

Bitcoin is the new gold. I think if we just compare the prices of gold and bitcoins then it is quite clear that bitcoin has crossed gold and still going up. We all know this better that bitcoin have jumped so many currencies and mining that make money in a short time. Bitcoin can be called as new gold for new era.

I don't know how did you come to a conclusion by saying that you can make money in short time by mining. You sure do make money, but few cents only. The maintenance and trouble you have to go through is not worth it. Heck, you might not even make profit and will end up making losses.
You can make profit from mining, but not in a short term. You will need to hold your coins for a while.

I don't agree that bitcoin can be compared to gold. It's not the same thing. Gold has a physical form. It is prized for millennia. Bitcoin has no material shape and we fall in love the moment you can lose your money . This is a more risky asset. but it is more advantageous now.

The popularity and the demand of bitcoin can be compared to the Gold. And in case of investment, Bitcoin giving a surety in profit for last 10 years and it seem to be more valuable as the time progress. So in my opinion bitcoin is certainly 'The New Gold'.

Yes we can consider bitcoin as a new i think when it comes to its price. Because their value was tool high which can help one individual. But i think bitcoin was not still like it because government still doesnt accept it as a money for paying anything that you buy from store. Only few accept it as a payment. I hope that soon everything will be legalize when it comes to bitcoin so that we can now claimed that bitcoin is the new gold.

For me bitcoin has becamed the digital gold wich i can use to save as well to buy anything i wanna or need. The fact those isnt material doesnt mean nothing i can forge a coin with my wallet adress soo it can be compared to gold... its useless bitcoin is better then gold, and you are in plenty control over them.

I do not see a similarity between gold and bitcoin. Gold is used for investment and they can not pay in the store. Bitcoin is a universal payment system and a means of payment. It's like a new generation of money

Short timeframe. We got a really harsh ralley recently.

I think on the long term humanity will stick with the usual stuff since milenniae, that includes rice as a currency because you can eat that.
But thinking "today" there is a solid option in focusing on all types of crypto stuff. Bitcoin meanders, changes, obviously a lot more this last august of 2017 than ever before. That Segwit stuff opens up a completely new possibility. I dont know where to make some good use of that, however. Atomic cross chain exchange, Litecoin and the like. Still not visible how that will effect daytrader's lives.

These two entities is different so comparing these two is kinda out of line.  I know gold had been a good store of value but due to bitcoin's volatility and low saturation market, it somehow beat gold on that aspect.  But as I said, they are different having gold as tangible and bitcoin as digital or intangible.  Among the two, gold is way more important and have more usage than Bitcoin but since Bitcoin market is driven by speculation, the price surge this high.  Though i still do not consider Bitcoin as new gold because bitcoin is bitcoin.

How can u trust in something what exist for so short period? People use gold for hunger years and BTC only a few months

No i don't think that bitcoin is the new gold because gold is standardised around the globe. Also gold has a comparitevely less variable value so it is stable whereas bitcoin has a variable value it is very prone to fluctuations and bitcoin is not standardised around the globe. It is not governed by any government or bank.

Yes bitcoin is a new gold. For some reason why bitcoin is bitter than gold now is the appreciation of user and consumer of this cryptocurrencies. Nowadays there are lot of country used bitcoin than gold. But gold is still gold and it is the basis of all country in there economic growth but bitcoin is unpredictable than gold and no one knows that the bitcoin is big bang theory of changes in crypto world.

Apparently, Bitcoin is more popular than gold among investors, as a hedge against rising global uncertainties.  Growing mistrust of national currencies, following dubious government policies, has pushed people into Bitcoin.

I do not know if people who do not know about bitcoin can say that, because I've been invited by someone to invest in real gold and in the conversation I tell about bitcoin to him, but he is not interested in bitcoin. So who can say bitcoin is gold can only be said by bitcoin users themselves. I also think bitcoin is real gold :D

Probably you are right. We can hardly deny the fact that Bitcoin has not only replaced the gold but many more things quite comfortably and that too in very short span of time. One of the major reasons why people are showing more interest in Bitcoins is the way it has recognized itself in the market.

At the moment Bitcoin is the gold , people how invest in it , for a longer period , you can become a millionaire , and i think is the simplest way to make money like you have to watch the market.

Bitcoin has been steadily growing the last few months and just a few months back, it is not even worth an ounce of gold. Now that the price is more than 3 times the value of an ounce of gold, the comparison between the two would simply be in discussion endlessly. Even in its early existence, bitcoin has proven to be a good investment and a digital gold that glitters with over $4,500 value.

We can say that bitcoin is gold because bitcoin is work on tradings and transaction that has from of value in the market which is related to its stock like gold. But in terms of transactions bitcoin is more that a gold because it could be used in faster and more reliable transactions.

Don't worry it will beat gold in terms of growth, gold is stable and bitcoin is volatile but the value will increase depending on the demand.
Bitcoin is the new gold for me because it's useful in our daily lives, people will know about bitcoin as the support of the community is very strong, now that the internet is a good way of advertising it would be easy to reach out those potential users and once they adopt it will bring another demand.

Bitcoin will never be a new gold since people need something physical to have as a starting point for price.
If the price of gold crashes, everything will crash.
Bitcoin is tied to a gold just as any other fiat is.

The price will fluctuate, but the gold will stay as a prime factor, and countries will save it in it reserves

take advantage of every moment in bitcoin, and take good care of it
every rise and fall of bitcoin price if we can take the right moment then you will gain profit, do not panic if see price drops drastically because this is only a matter of time all will return as before

I think more people jump to bitcoin because them want to reach in a few time but dangerous comes when the bitcoin decrease

Similarly I do some of the same I keep my bitcoin for long-term investment so that if at any time bitcoin prices rise very high I still have a btc stock to sell

Nope. For the hunger years, storing rice is the answer. Maybe in our modern times it is more trending towards gasoline reserves.
Honestly I don't think we can fall that low again that a second intercession of Pocahontas is needed.

Timespan for crypto beeing established? Ten years not enough?
Give it five more years and we'll see we had been trailblazers all those time.

In our time, yes I think bitcoin is the new gold. It acts the same as gold as an investment, prices tend to increase with the passage of time and it offers pseudo-anonymity for the users, perfect for our technologically driven era.

Not the extra coins, each altcoin has its own characteristics and effects, they only exist together in the market and develop on the basis of bitcoin. In essence, they are independent currencies.

True they are independent currency but these currency uses Bitcon history to flare up the hype in their coins.  They make people to think that their coins is the next bitcoin that can make their holder rich in due time.  But sad majority of these coin are already in a slumber.

bitcoin is new gold, I agree with this statement, the price in a matter of days can go up to 3% and never price drop until a long time. bitcoin is a new gold for the future.

In my point of view, there is no chance that prices of Bitcoin will go down. We can see from the past how graph has and is continuously increasing day by day. It will benefit every single investor investing in it. So people needs to no fear about the related price of bitcoin.

Well I will say that Bitcoin is far more worthy than gold in present age. And it will keep on increasing its worth far faster than gold or anything else. The way Bitcoin has made into market is outstanding. It made people and is making them rich with each passing day.

Bitcoin and gold are in some points very similar:
They are both objects of investment. Although you can make payments with both, the main usage for them is to store value.
The amount of gold in the world is limited, the number of bitcoins is limited as well.
Bitcoins get lost sometimes, so the number of usable bitcoins is in fact decreasing, gold is cunsumed by the industry.

But there is the big difference as well: gold is used by the industry in products, that is not the case with bitcoins.

I would say that bitcoin is digital gold, I think that adds it up best!

It is indeed the new gold because it keeps getting better and better in value. I reckon that Bitcoin prices will not tumble down significantly to affect our investments in any way so we should keep buying and storing them for a better future.

Bitcoins are the new gold it is. We must know the rise of bitcoin when it was just a start.
Nobody believes in it rather consider it a scam. The market showed it as a hero in a few years after start. The economist believed in it as new gold. Now, even it has surpassed gold.

Bitcoin serves many people in order to lessen their problems with money.  Before,  many people wants to have a gold but now as you can see today,  many people  wants to have a bitcoin.  As you compare to those two,  gold is very hard to get before whilr bitcoin it is very easy now to get in a simple ways.

Before, many people are looking and asking that they want to have some gold but now,  people are hoping that they want to have a bitcoin.  As you compare the bitcoin and the gold,  bitcoin today are very easy to get in easy and fastest way while gold is very hard to get and some people don't know how to get it.

Well, never mind those noisy folks who tagged bitcoin as scam and all I just hearing most of them now is envy of the situations that's having good outcome of bitcoin price lately. That first time I heard negative feedback from them, I just stay focused with my bitcoin job as poster on the forum having enough invested coin in my wallet. Nobody of my friends believed and now came a time that bitcoin gains strength based on the price and demand. Surprisingly those friends of mine whose in doubt at first approached and then he also now registered user in the forum learning how to communicate and invest also with bitcoin. Because of that we can consider bitcoin the new Gold that defeated the physical Gold.

What you said was true, when bitcoin was just starting many people would say that it is a scam and neglects it but when bitcoin shown imrovements and success, many people became interested in using it and investing in it now. Bitcoin may not physically look like gold ( can't even hold it physically ) but when it comes in how people valued it, it is like gold now. Compared to gold, bitcoin is much easier to earn and more convenient to be used in many transactions.

Gold is a jewelry, in contrast to Bitcoin.
Bitcoin is money, and everybody is interested in money, it's like a dollar.
all hunted him and raced to get it.

You can not compare gold and bitcoin. Bitcoin is only a digital currency. Gold is a
precious metal and is used for eg PCBs

Maybe the OP was comparing bitcoin and gold regarding their values or the market prices. We know how valuable gold is when it comes to the physical world. In fact, many people is so much interested in gold and some people fights over gold. When it comes to the digital word, bitcoin is a very valuable coin just like gold. It is the most popular digital currency and we know its value in the market.

Both bitcoin and gold is very important and valuable, the difference is that gold is more known by people than bitcoin. Not all people knows about bitcoin as well as the other crypto.

It is i agree with you i used to love gold in the past for the little returns it gave me in few years as there was not much alternative back then but when i heard of bitcoin i realised that there are better investment opportunities than gold not only bitcoin i would say even altcoins are next gold for me

Yes bitcoin is the new gold because now a day bitcoin is a popular currency  and most of people are join to this bitcoin side and earn more money than  gold also many people wear be rich so quick to work this project so i think bitcoin is the new gold.

Bitcoin is already becoming the new gold. People are already investing in bitcoin in huge numbers and are earning massive amount of money from it. Everyday more people are using bitcoin, i think that it will never stop.

i think bitcoin is now more important and more previous than gold i think, i think that people now using bitcoin instead of gold for investment as bitcoin can certainly give you good profit in a short period of time as there is alway big fluctuation in the price of bitcoin, while gold has a very stable price and we cannot think about to get some reasonable profit form investing money in gold.

Bitcoins are not like dollars rather far better than dollar. Dollar is nothing in front of bitcoins. Bitcoins at the moment are the best international currency. The amazing fact is that bitcoins are not only currency but investment as well. No other currency has this honor yet. Gold is also beaten up by bitcoins.

True on this. More and more are involved now cuz massive surge of price of bitcoin in last few month. But bitcoin is not pure gold, its ok to compare them but bitcoin is not physical and as such can be only digital gold.

Off course the more price goes up the more value will be but still dont think that its good idea to compare it to gold, think that there is much more valuable things then gold.

It's been long debate on which is good investment among those two assets since both of them are really good one to put our money on, but we should think smarter interms of investing and if we've got huge money to put on then it would be better if we drop off on gold as well bitcoins. Gold is passive investment and bitcoins is unpredictable ones so its better to have an option to gain more in future.

There is indeed a point if you say that bitcoin is gold, which was changed to digital, because of all the advantages and also the color of the bitcoin itself has a pretty good likeness. It's just gold and also have the distinction of bitcoin manage as well as in the system. If the bitcoin is in digital and give you an advantage in the transaction, just give the gold sector profits on transactions or trading. Where the two are indeed fundamentally have different things, just that the gains obtained have in common but not all.
 

All disputes boil down to the fact the better to keep savings in bitcoins or gold. I think it should be one or the other. It's a totally different assets and they don't fight among themselves. They just complement each other. Never be greedy. You should always keep savings in different assets.

I don't think Bitcoin and gold have anything in common when it comes to the utility part of it. Gold has gained the value due to increase in the demand as an ornament whereas Bitcoin emerged as a solution for the limitations of the traditional fiat system. Further, you can not distribute gold in denominations whereas the ability to distribute in smallest part is one of the core features of Bitcoin. Yes, the price might be fluctuating but again, we are still in developing mode whereas gold is there from centuries. It will take some time for Bitcoin to establish.

I agree, because same with Gold, Bitcoin is a good investment that its market value increases from time to time as well as the profit that its user will get. Both of it can be considered as an asset or as a currency. Asset because both Bitcoin and Gold has market value that increases over time, it is just that Gold has a physical value. Also, earning profit online is the new trend which is an advantage of Bitcoin because it is related to technology.

Bitcoin can be called as the digitized form of Gold as both are earned by mining and there is only limited blocks of bitcoin and gold. Bitcoin is more valuable than gold in other wordd bitcoin can be as the future money, bitcoins can be transacted from any part of the world. Bitcoin is used as media of exchange of payments.

I do not agree with your opinion about bitcoin equal to gold because gold can be a reference of a country in printing money "pseudo gold" them while bitcoin can not.

If you ask it's because now bitcoin is the profitable investment. yes i'm agree with you, bitcoin is the new gold even though in my eyes both are different.  why i can say both are different because the price of gold never rise very fast like bitcoin.

Perhaps gold are tangible thing and produce through mining while bitcoin is a digital currency extracted also through mining ,, they are both valuable since they are globally accepted.. Bitcoin exceeded the value of gold due to its limited supply in digital world .. and the more the demand of bitcoin currency increase the value fluctuates also into 30% or upward in a very short time as well when it goes down. Never happen to Gold when it fluctuates its value if we just rely through  time frame.

It was really cool but didn't understand which one are you supporting? I prefer digital gold over physical gold because of two most important reasons. First, bitcoins can be transacted to any part of the world cheaply and fast. Second, bitcoins value gain is a lot more than gold for same period of time.

Not in respect of prices but also the way both are used, they are hell different. We need not to compare them with each other. Bitcoins are the legends of the crypto currencies whereas gold is most widely used metal. There is no doubt that bitcoins have beaten gold in the race of being more valuable.

People do a comparison between both because they have few things in common, both are used as an investment tool, we consider both as assets and transactions are made in BTCs as well as gold. No doubt bitcoin has left gold far behind in all of the three uses.

Bitcoin cannot be equated to gold because Bitcoin and Bitcoin alternatives can be easily created with blockchain technology. On the other hand, gold is truly finite. There is no other element that holds the same characteristics as gold. One common argument I come across is that while there are many altcoins, there is only one Bitcoin. The problem with that argument is that Bitcoin’s main differentiation is really its name, all cryptocurrencies are the same in the general sense in that the underlying technology is identical. If I mark a gold bar with an X, it doesn’t change the fact that it’s a gold bar. Similarly, a cryptocurrency by any other name is still cryptocurrency. Remember that blockchain technology allows us to create literally infinite versions of cryptocurrencies, as such, the parallel to gold doesn’t hold up.

Bitcoin would never be able to replace gold maybe it is worth more then gold abut gold stays gold you make a golden ring or necklace but you cant make a bitcoin ring or necklace bitcoin cannot be compared with real life items it is very different that is why its called a cryptocurrency.

The amount of Bitcoin is limited and can be said rare like as gold, and looks bitcoin is already proven to have all the same characteristics as gold, it's just the shape in digital form. Bitcoin technology is stable and will not experience degradation, nor is it possible to be made fake Bitcoin. Besides, unlike gold, we can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why peoples call Bitcoin a digital gold i guess, bitcoin is a digital gold better than gold.

Well, one bitcoin already equals to over 3 ounces of gold.. so no. Bitcoin is not the new gold, it's more than that.. it's the asset of the 21st century

That's a bullshit metric

Which people continue to repeat all over again even if they are told every now and then that gold and Bitcoin are completely different assets serving entirely different purposes. Anyway, if we make such comparisons, I can easily bring up the case of Warren Buffett's Berkshire Hathaway and its shares. That is, one Berkshire Hathaway share is worth right now 267,200 dollars which is something like 66 bitcoins at the moment. But does it mean that Bitcoin is an asset stuck in the 19th century?

I like this expression because bitcoin really can be called the new gold of our days.

Yes bitcoin can be called as the gold of this time like gold its prices are also high and attracting to the investor to invest so that when that get more price one should get more profit. Bitcoin also made a lot of people rich by investing in BTC and holding it for the right time, it is more profitable than gold and it owner can enjoy its richness with sake of time.

Actually the volatility of the Bitcoin market is the main of reason makes many traders are interesting. If you compare the fluctuation price of Bitcoin to Gold, you will see Bitcoin has more opportunities make profit than Gold.

I would not call bitcoin a new gold, if only because how many years gold is held in price and how many bitcoins. But as an investment bitcoin is worth considering.

The volatility of bitcoin is the reason why people are getting into it and the gold is such a boring investment since it is not that profitable for an average investor who got a small amount to average amount of capital to invest while if you will invest in bitcoin and try to have a good timing in buying and selling bitcoin then you can easily get a good profits in a shorter period of time than holding a gold.

If you look on just profit then bitcoin is good to make some extra money cuz price is changing every day, while gold is something that is almost same price for quite some time. However they are some that consider gold much better option. Maybe main reason why people trade bitcoin cuz with small amount they can get huge rewards while with gold you cannot.

I agree,bitcoin is not a new gold. I think bitcoin is more than a gold. They are both considered as an investment. But one of the advantages of bitcoin is we can trade Bitcoin 24/7 with no need for a place to keep it physically. Physical gold cannot always be bought instantly, and you need to have a place to store it as it's a physical commodity.

I think it can be a new competitor for Gold. Maybe in future Bitcoin become alternative tool if take places of gold. Since the price is increasing day by day ,most of sites and hotels start accepting bitcoin as payment method with the increased popularity of bitcoins.  Bitcoin is becoming a precious item like Gold.

I think many people jump into bitcoin because they want to achieve in a while but dangerously when the bitcoin mourn

Why call it as gold if it can be more than that. Gold is old shit and it's not much valuable if you compare it with bitcoin itself. Bitcoin has surpassed the value of international commodities and assets and it is all new brand in its own. The crypto currencies are wrongly interpreted and compared with asset like gold. They both have different market and also way of working. They are used in complete different way and are also monetised in different aspects. I hope that makes sense. So bitcoin is not new gold but it is itself a something brighter than that.

Bitcoin is not a gold. Bitcoin is prices change day by day so it will easy to change. But gold not to change it you using to the ticketing him self. Bitcoin is any time to change to use. Gold not change at the time. Bitcoin is the give more information about the business investing. You will arrive in the bitcoin any time. Gold is used only for the function or festivals. Not mostly use the gold. But bitcoin the using the future growth.

Not just that physical gold is metal, but many consider Bitcoin as digital gold, and in that sentence this is true. No matter if price variate, this is beauty in this one day you gain and next you lose this is how thing are done with bitcoin.

Bitcoin is called digital gold with reason, but it's not good to compa at e it with physical gold. But they have one thing common they are both mined.

It could be said that, new gold. Because, bitcoin has fantastic value right now. Even the profit potential bitcoin higher than other investments. But in my mind, still a sense worry we are complacent with value.

Many are calling it now as the new digital gold and I preferred to call it that way before even I don't read people calling it here it's a new gold of the modern age. I agree with ya mate, we don't have to compare the real gold to bitcoin as they are in totally different stage of investment. Gold is a legend and many will still look at it as one of the best investment but for us who are into crypto's we can't deny that bitcoin is the best.

Bitcoin is the king as far as cryptocurrencies is concerned and probably always will be. Gold in the same way is the king in terms of precious metals and a backer of fiat currencies.

I think Bitcoin can be seen in the same way as gold as a commodity. But for tax purposes, I think I would prefer if Bitcoin was treated more like a currency rather than a commodity. Either way Bitcoin should eventually be a stable store of value that we can hold for decades just like we can with gold.

There is no doubt that bit coin is the best but the problem is this that real gold is available in every corner of the world and almost every person has the knowledge of it value while bit coin is valuable than gold and profitable than gold but it is not familiar in the common People Specially in these people who have no knowledge of internet.  So bit coin can be valuable than gold but socially it has no comparison with gold.

I am proud that bitcoin today is very precious one. If they had a gold before time well today there is bitcoin and other coin currency. It seems that they had an equal value than what we think. I am encourage to do bitcoin and tries to make more in the future. So we could trade it if we wanted to be.

The argument of holding the bitcoin for decade just like gold is wrong because the value if gold always stable not only stable but it is always sure that in next decade its prices will be high than of today while bitcoin prices are not stable. Although its price can go more high but no one can be 100% sure.  If the rate of bitcoin is base on the interest rate in the concern country like the gold so it can be compare with gold.

Bitcoin price has been surging these days doesn't make it into a new digitized version of gold on the country it has surpassed the value of international commodities and assets and it is all new brand in its own. And Bitcoin become alternative tool if take places of gold. Since the price is increasing day by day

Gold is the most popular investment so wherever you go in this world when you mention gold they will be aware about it. The reality about bitcoin is this isn't mass adopted so don't expect that there's a lot of people that know bitcoin as of now but there will be the time that bitcoin will be reaching every people and there's a lot of community and society that will talk about bitcoin all of the time.

The people like you are trusting the gold and the bitcoin at the same time but I would like to say that the price of the bitcoin is now very high as compare to the gold, the use of the gold is now increasing and the bitcoin is also being a part of it, the value will be more high when the investors of the gold will turn toward the bitcoin and will invest the high amount in the bitcoin so the circle of the bitcoin will be wider.

Everything which is precious and important to us we can say it gold or diamond. As in the context of bitcoin it is also valuable currency and it is famous all over the world. So it can be said that it is the new gold. As we see that gold is accepted everywhere and it can be kept as mortgage in banks the same can be said for bitcoin it can be easily transferred into every currency.

Bitcoin can be easily transferred into every currency? Not really. When you are dealing with fiat currencies, you deal with banks who are the gatekeepers of the government. Try converting your bitcoins into Iranian or North Korean currency, and you will immediately have a swarm of government officials over you.

All this hype near btc looks like Gold rush, so btc like gold.
And for me btc is also good gift for ladies as gold. ha-ha

Bitcoin may very well become the new gold, but it isn't suitable for that kinda investment at this time. Now it is very speculative, due to the extremely high volatility.

Bitcoin is definitely the new standard, but it's better than gold because you can melt gold and add in other metals. Also, more and more gold is mined each year so we don't know how much we have exactly. With Bitcoin it's perfect mathematical scarcity.

How can you say that the price of gold is higher than bitcoin? Do you mean it's higher than an ounce of gold, yes it is but compare to gold plated bars I don't think as of now a single bitcoin will be able to surpass it. But if the time comes that bitcoin is equal to $500,000 then that's the time that everyone is choosing only one thing and that's for sure, bitcoin and there's no other coin that will be overtaking it's success.

I personally think that you can not compare the price between both, bitcoin is a very volatile currency, as it depends a lot on people with too much power and mainly governments. And gold is very different, you can not compare it with bitcoins because gold has always been the most strong currency for thousands of years.. Obviously that i prefer gold, but you can make much more money with bitcoin, only that it is a little bit more risky than gold.

Bitcoin is far better than gold now in many aspect the strategy about bitcoin and gold is same that buy at low and sell at high because the man thing is its usage and its profit factor and bitcoin is leading in all aspects, bitcoin price is same all over the world and anyone can buy and sell at the same price more of it profit rates are very high that makes bitcoin superior than gold.

It is now better than gold. I have seen gold price is same since 7 years. But in 7 years Bitcoin is now in heaven.

Well bitcoin is bitcoin without any elemental properties so I don't think that they needs to be compared at any point. Gold is something with physical prop and being traded physically for value, personal use and store value. On the other hand bitcoin is algorithm with ability to exchange a transaction between two peers and much more. Different things can't be compared. Have you compared sun and earth ever. It's like that only. ;-)

Well it’s true that bitcoinhas defeated gold in terms of pricing, but still I don’t think that bitcoin can beat gold and replace it because firstly, gold is a precious metal and has a physical entity. Secondly, gold is way more popular than bitcoin and in more usage than bitcoin as well. Thirdly there are many places where bitcoin is not accepted but gold is. And lastly gold is more stable than bitcoin. So because of all these reasons gold won’t be replaced by bitcoin.

You can't say that the gold prices are the same. The gold prices usually move up by 5% to 10% every year (and the spike averaged around 20% to 30% during the 2008-2012 period). But for the last 4 years or so, the gold prices have remained almost flat, in the $1,200 - $1,300 range. And when compared to the other assets such as real estate and equities, this is a good increase.

I believe that the bitcoin is the new gold because the value of gold is just like the value of bitcoin. Less value of the bitcoin for us but greater value for our country. Just like gold weather it is small in size and its exchange is more or greater value that's important too. Bitcoin helps us to buy our needs just like the value of gold. We can buy all goods for our family through the help of new gold.

Yes but we can say the same thing about the popular altcoins too. Ethereum too is a network being developed by the biggest chain of core developers and it even outshines most of the demerits of bitcoin. Yes we are witnessing a monetory revolution.

I agree to that the ethereum is a good coin also because it is having a good progress and sooner than later we can see more pumps or price increase in ethereum but if we will focus on bitcoin then it is still a long to go for bitcoin to maximize its potential because the price of bitcoin right now is still low and like gold, it will continue to go up.

For me bitcoin is the new gold in digital world because of its unique character and quite expensive material due to its highly demand, People with first time to encounter the word bitcoin makes them puzzled and curios of asking why is it so?, How does it becomes volatile,? Well they gonna keep asking and think how to have it, This is very true to my part, for me to answer all the questions given, I used to read more on internet and i find interest after all i"ve learned. They are truly precious and limited stocks in nature.

According on my research cryptocurrency like bitcoin is not the New Gold, Goldman Sachs said Bitcoin wallets are vulnerable to being hacked and the price is highly volatile. Goldman noted The investment bank said that precious metals are still the best long-term store of value.

Like you said bitcoin is new gold in digital world,it is world's most valuable currency if you invest on bitcoin today tomorrow you gonna be richer man.But i think bitcoin is bit more than gold due to its value's growth rate.The bitcoin price reaching high extremes in small time intervals so invest on bitcoin soon before too late.

The gold prices I know are only in times of crisis, the price of war increases during the war. In normal times, there is a slow price increase. The bitcoin may look like gold in character, but the sudden movement of the price very different characteristics.

Yes the price of the gold is not higher than the bitcoin because the importance of the bitcoin is increasing more and more, I like the bitcoin because a lot of the people are using it and the value of the bitcoin is now very high so I hold the bitcoin and then someday I will be able to buy the high amount of the bitcoin, buy more bitcoin and get the high profit from it.

The value of bitcoin can fall dramatically if war and other catastrophes go on. But I doubt that gold will lose its price at this time. Bitcoin and gold are completely different assets

Yes, bitcoin is the new gold. That's why I think bitcoin is having a new hard fork this up coming month. I really think that this next hard fork would affect the price when bitcoin gold is released. Some think that forks are created by huge companies to attack bitcoin, since it's price keeps increasing because of market demand.

When all investments drop and many people complain about economic conditions, then there is a new hope to improve the welfare of all of us with the presence of bitcoin. bitcoin becomes the best investment even better than gold.

Bitcoin has nickname digital gold for good reason.
But his is something that is for a reason call like this.

Yes it is like a Gold (for me). Bitcoin is an asset that one owns with economic value. It is a commodity we bought in exchange of money. It is like a Gold because like Gold it also increases in value as the supply gets lower. So the more people buy Bitcoins, the higher it will be.

I started to heard about Bitcoin at January 2017. That time Bitcoin is competing against the price of gold at $1000+ . Now the price of Bitcoin against the price of gold is more than 10x. Indeed Bitcoin is truly the new gold.

Yes it is the new gold. And we can earn it. Because it's like gold many people want to have it and while it's time it's running down and of course the price rises. The same applies to bitcoins so far turned out to lay a lot of bitcoins because we are sure in the next few years the benefits we receive.

   You can give it a name like new gold is, but bitcoin is a new technology. I like
how bitcoin sounds, and I would not call it the new gold. Bitcoin can be a
revolution that can replace the economy we know now, what new gold have with
that?
   Gold is just a precious metal! Word mining is what connects this two, but
you mine them in a different way. About value with can not speak anymore,
bitcoin value is already higher then gold. Bitcoin price continues to rise and
price of gold is very stable.

yes the bitcoin is the new gold for the world. people that are investing in the bitcoin are earning more then those which are investing in the gold. the hold of the bitcoin is also better than the hold of the gold, it mean that the bitcoin is real gold or the gold for the world so that the people can make trade and can invest in it also.

Yeah thats right buddy. Bitcoin is now the new gold and this bitcoin is better that gold when it comes in earning profits it is more faster than gold. It is more better to invest your money for more money earnings.

We can see that bitcoin exceeds the price of gold, although the same increases and decreases every time. however, bitcoin is a more appropriate investment step than gold.

Why do we always coinside BTC and gold? There are more expensive precious metals (for instance, rodium or platinum). Think that metals & cryptos are totaly different: first are used in material world as a sign of wealth, second in virtual world to become wealth. Thats the whole salt of it!

For a nature enthusiast like me BTC far outnumbers gold. BTC is a very easy tool to store, and based on a very advanced technology of data, today it is present in almost everybody and also for the simple fact of the BTC does not have to be extracted of the nature as well as the gold it adds much more value.

Imagine the amount of time and money that is not spent on machines to get 1 kg of gold, the BTC on the other hand the biggest expense and with energy, which can be easily circumvented with preventive measures.

thats right even this two options has a difference they have also the same abilities which is the growth rate and also the volatility which is up and down. But the highest demand on that two options Now adays is bitcoin the reason why its value so expensive because of the Massive dEmand of supply Thats why the growth rate of bitcoin is so fast than others. So we can consider it as a new gold or king of all currency because of its valued a head than other currency. . Lol

yes the bitcoin is the new gold for the world. People that are investing in the bitcoin are earning more then those which are investing in the gold. The hold of the bitcoin is also better than the hold of the gold, it mean that the bitcoin is real gold or the gold for the world so that the people can make trade and can invest in it also.

So I think everything. Just what will you do if bitcoin starts with the same speed or even faster to fall down? You must understand what ever the price may increase and someday it will happen. It seems to me that it is too early to speak about bitcoin as a reliable investment.

In practical way i think we can consider bitcoin as gold if we found and look at its price today it is really rising and its getting more precious today than any other coin in crypto field and if you have bitcoin today you are almost the same like a gold holder because of bitcoin price  maybe it is consider a new gold based on its price but if we put basis on its actual appearance gold is really the most appreciatable becaus  bitcoin is a currency.

I recognized that bitcoin is starting to increase more that it is now more expensive and more precious than gold today. That's why lucky for those people who invest in bitcoin, their bitcoin or money is also starting to increase too. Today we can now consider bitcoin as the new gold.

Bitcoin is first of all digital currency and on top of that decentralized. Many however consider and say that bitcoin is digital gold. If we compare gold and bitcoin in some way there are some differences but also they are unique, every in his own way. Only downfall can be trading them, both have solid gains but many are now in bitcoin more cuz of the high price.

I think it's true that bitcoin is the new gold because bitcoin's price start to increase that it is more likely related to gold from its value.  I think this is the reason why bitcoin is getting more popular and more people are interested to use bitcoin because po its value today.

got it mate,altcoin will always be following bitcoin and
no other coin can be more usable than bitcoin,thinking that bitcoin
reaches $17,000 no doubt that it cannot be break by other doin.not
 now and not in the near future.so lets be glad about the presence of
bitcoin in our community and in the whole world

Gold has now no impact in the investment list because people are not going for it every person who have resources he is buying bitcoin because he knows well that bitcoin will bring more wealthy days for him and the decentralized behavior of bitcoin has given trillions to the people and they are expecting more many of rich people are investing into bitcoin because bitcoin will give them much more to count in future.

When peoples talk about gold they talk about something of great value by excellence,the same for diamonds or things like that, and I have to say that there are not some differences only but they are completely different inwardly while one is tangible, physical and can be touched the other does not, can not be touched and is not tangible or something physical,the only thing that both can have in common is that people consider them as something of great value  and that's why they compare them, but nothing more.
   

I've read something that 10 ounces of Gold is equivalent to 1 Bitcoin. Clearly states that Bitcoin has 3 times value of Gold. When you will think about it, we may consider Bitcoin as Gold because it is mined just like Gold. Then it has a limited supply just like Gold. It is just an intangible asset unlike Gold, but the way of obtaining it is similar.

if at the beginning of bitcoin in you have bought in large quantities then now you are a rich person born of bitcoin, so bitcoin is a good investment for those who have deepened and feel the results

yes we really dig a new gold,i believe that even in a few months or years bitcoin will be higher and higher,it is really amazing that our sacrifice of digging a new gold is now in our hands i am sure that everyone will be happy for that bitcoin is the new gold...

So for me you are correct. I think yes, bitcoin can be consider as new gold or a special high value, which value is increasing day by day. Current value of the bitcoins has been already crossed 4600 $ and it may touch 5000 $ by the end of the September month. And bitcoin is better that gold when it comes in earning profits it is more faster than gold. It is more better to invest your money for more money earnings.

I never give consideration to bitcoin as the new gold. What the growth attained by bitcoin and gold is completely different compared to that of the gold which has gained good reputation as well universal acceptance. Gold is something an important asset that has the materialistic value and the same has made it to be trusted.

Many consider this a gold more less like digital gold and such they want ot invest in it with huge profit as we can see in last no just few days or months. So this is gold any type of gold and always will be with every passing day.

Bitcoin is now the best and best alternative for gold because if you will buy bitcoin right now and hold it like gold that is for long term then you will have a lot of earnings just after a few years. Bitcoin and the other cryptocurrencies are the same that is good for long term and investment just like gold.

Bitcoin for me is not like a gold. For us time is gold that we can consider its very important to us.  Well bitcoin is important also to us but it can't be a new gold for me I can just say that this bitcoin is like a group of a leading company which people will give their trust because we all know bitcoin hepls a lot even though there's a lot of circumstances that bitcoin needs to pass but still we trust this a lot.

Time is gold, bitcoin?  I can't  consider it as a gold for me I treat the bitcoin as a leading organization which people can have their trust and gives loyalty to this organization infact bitcoin is like a company that gives peoples needs then gold can't give people needs it's  the poeple who treasure it and a lot of trap that you can earn from gold.

Representatives of Goldman Sachs, one of the world's largest investment banks, are convinced that bitcoin is not new gold at all. Other shortcomings of bitcoins Goldman Sachs attributed the permanent growth of commissions for transactions, the average size of which in mid-July reached a mark of $ 9. representatives of the financial conglomerate stressed that "gold is beyond competition" and he does not yet have worthy alternatives. According to analysts, this noble metal has low volatility and a stable purchasing power.

Bitcoin has become better than gold. More than its value but the long term potential invest and asset it has compared to gold. Decentralization is one of its key feature and flexibility is its promising feats.

This is true, unfortunately, that's the only way most people see altcoins now. They earn it through different means like campaigns or airdrops, but in the end, the goal is to have it exchanged for bitcoin wherein the bitcoin will be the end cryptocurrency that they will use for trading or investing. Basically, in that sense, altcoins only stand as a door or portal for people to gain bitcoin. Every person may enter different doors, but in the end, the last room you would be in is the same. In context, even if one may get different altcoins, the end result is to convert it all to bitcoin which has the best chance of profit amongst all cryptocurrencies in the market.

Yeah Bitcoin is the foundation of all crypto currency all ICO is dependent to Bitcoin because bitcoin most recognized that is why the price is soaring high
like gold it is the foundation of Fiat money, every Central bank has gold deposits in order to support the value Fiat currency it is just a banknote, since
early age gold is being used to buy anything but since gold is metal have weight it is difficult to carry and transfer that is they invented paper money that guarantee payment with equivalent amount of gold. 

indeed bitcoin has such merits that it has the right to be compared with the most worthy metals

In investment all that really matters is the current value of the asset or the commodity and currently Bitcoin though younger has been able to surpass the value of gold to such an extent that its current is 15x the value of gold. On that premise alone, its confident to say that bitcoins has become the most valuable asset rather than gold.

Many look at that way if we look bitcoin was realy good pick for investment in this year but gold also made high for price.
So many are using both for investment bitcoin and gold cuz many think that bitcoin will go down in price and gold will go up.

Bitcoin as the new gold? We always find gold as the basis of normal fiat in the world, the amount of money a country can produce depends on how much gold or dollar reserves they have. If we look at bitcoin that way among other alternative coins that pop up in the digital currency world, it may be true. The long and lasting properties of bitcoin proven by its history plus the legacy of bitcoin developers will be the answer on that question.

Exactly it is like a new digital gold. Bitcoin has crossed all the limits of profits if gold and bitcoin are compared. There comes such results that shows you who better bitcoin is leading the market. Even the investors from gold industry are just coming into this bitcoin world and started investing because they know it better where bitcoins are going in future. They sensed the right thing.