Bitcoin the new gold

[Ewox]

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.

[leexhin]

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

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.

[streazight]

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

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.

[ymirymir]

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

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.

[Anarchist]

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

[Zenithar]

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

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.

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.

[Rajamuda]

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.

[Granxis]

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.

[Bianxee]

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.

[daemol]

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

[Kakmakr]

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^ 

[Sled]

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.

[roadbits]

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.

[shintosai]

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

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.

[madwica]

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

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.

[lisa255]

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.

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.

[Lieldoryn]

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.

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.

[SamsungBitcoin]

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.

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.

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.

[bryant.coleman]

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.

[ladydark]

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.