Bitcoin the new gold

[Tapyaks72]

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.

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. 

[nagatraju]

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.

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

[joebrook]

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 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.

[azguard]

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 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.

[jovs]

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.

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.

[darewaller]

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.

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.