Bitcoin is not the new money

[Fortify]

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

[target]

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

[fravia]

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

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

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

[Master_dandosha]

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

[OrangeII]

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

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

[aizzaku]

Is that a april fools joke or what. ?

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

[Ya-ing]

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

[gtglener]

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

[Hazir]

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

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

[arbitrage]

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...

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

[chaosknight]

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

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

[Tadblt]

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

[thejaytiesto]

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

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

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

[lister storm]

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

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

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

[codehtcmail]

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.

[romero121]

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

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

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

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

[katiecbell]

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.

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

[richkellj]

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

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

[BitMaxz]

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.

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

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

[CasioK]

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

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