Bitcoin is not the new money

[spazzdla]

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

[DodoB]

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

[Amph]

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

[Herbert2020]

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

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

[1Referee]

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

[onlinedragon]

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

[kryptopojken]

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

[Pursuer]

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

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

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

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

[gkv9]

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

[richardsNY]

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

[Slark]

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

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

[Sled]

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

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

[kwukduck]

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

[M28MmickT]

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

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

[Amph]

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

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

[armansolis593]

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

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

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

[pooya87]

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

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

[BellaBitBit]

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

[n0ne]

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

[peta4e]

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