Bitcoin the new gold

[sheldonnnn]

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.

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.

[arpon11]

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.

[BobK71]

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

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.

[YTBitcoin]

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.

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.

[MyIdeas]

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.

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.

[error08]

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

[Rastadon]

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.

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.

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.

[bubblebit]

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.

[romecheo]

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.

[giantrobot]

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

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.

[kelceyott]

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.

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.

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.

[ivanst776]

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.

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.

[onrise]

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.

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.

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.

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.

[Sled]

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.

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.

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.

[frowsiter]

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.

[Vikingr]

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.

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.

[unyil]

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.

[Anarchist]

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.

[SaShiRaJaVu]

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

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

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.

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

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.

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.

[Lubang Bawah]

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.