Like it or not Bitcoin is Gold 2.0

[NewBet]

It has been already decided so long time ago that Bitcoin is gold nr 2. Of course I believe it too that bitcoin is gold 2.0 because bitcoin is great as store of value, the same for which gold is.We call it 2.0 because bitcoin can be kept safe easier than gold, we just need to read about security practices about storing bitcoins.

No, Bitcoin is not "Gold 2.0"... I have no idea where this notion comes from, but Bitcoin while being just like gold - is virtual! It is not physical, therefore it cannot be Gold 2.0. hahaha

[ProzCoin]

I agree. Bitcoin is definitely gold 2.0 since its price always increase and the people always hold their bitcoin instead of spending bitcoin for any purpose. And all of those reasons have made bitcoin become Gold 2.0 without any doubt

[Sled]

This is true that bitcoin is the gold 2.0 because as you can see in gold that it has a few amount of supply also and as the time passes, the price of gold is going up and that is the same thing that happening in bitcoin. Every year, the price of bitcoin is going up and that is because of the low supply and the demand of adoption from all of the people and the countries that accepting it.

[Seansky]

No, Bitcoin is not "Gold 2.0"... I have no idea where this notion comes from, but Bitcoin while being just like gold - is virtual! It is not physical, therefore it cannot be Gold 2.0. hahaha

Even if it is virtual, we can say that bitcoin will be the virtual gold so I would rather call it crypto gold, since like gold, it is the most used asset to hold certain value on crypto and is used sometimes for hedging when all altcoin's market has become bearish. If I were OP though I wouldn't refer bitcoin as gold 2.0 but in a sense he is correct that bitcoin can somehow be the version 2 of gold.

[game-protect]

I personally would not compare an electronic currency with a physical metal. However, to claim that bitcoin will hold its place as a storage of secure wealth is pure speculation.

The more famous Bitcoin will become, the more governments and banks will attack it, so I personally would feel more safe with not so well known coins like ETH.

[Mikasa77]

well


if you thought BTC will end up beeing the one world currency.. you might be wrong...

bitcoin started the whole new craze of digital computerized value exchance..


but the real value is the gate to new technology bitcoin opened.. and that is where most of the money is flowing..


ethereum and its tokens, iota, etc..

the technology behind all this new tech. is interresting.. and bitcoin will hold its place as a storage of secure wealth..

while other technololgies will be used as transacting value/service/goods etc..

so hodl your btc but be prepared for exchanging other tokens....

I will agree with this that bitcoin is gold 2.0. Since bitcoin is being mined by computers as well as the gold that is also being mined by miners. Bitcoin has only limited amount of 21 million as well as the gold that has only limited amount also. And lastly the price of bitcoin is very high but unstable and in gold, also has a high price.

[Vastraint]

There are many comparisons made between bitcoin and gold.

Another comparison people might want to look into is stone money.



People in some societies carve huge stone coins out of rock to represent their own brand of fiat. The immense quantity of work this process entails is similar to crypto mining processes which can be energy intensive.

The supply of rock coins being limited in terms of production provides a similar function to the number of crypto coins produced being limited by code.

There might definitely be some parallels there.

To be frankly I've never heard of the stone money before, Is it still being used nowadays?
Hmmm In my opinion the gold and other metals are in the physical world and of course its characteristics (e.g malleability ) is the one that gave them the value while bitcoin on the other hand is in the spectrum space and being mined by solving complex mathematical computation. They have similarity but I don't want to label crypto to gold or silver, they are on two different world. The present technology and society need crypto as a currency because of lots of benefits and the technology it holds and gold holds the material value in the physical world that is being admired and used in the industry that bitcoin can't be done but crypto is better when being used as a medium of exchange.

[Pearls Before Swine]

Here we go with the old 'bitcoin vs. gold' thing.  I'm happy with gold being gold, and bitcoin is what
it is.  They're two totally different assets, but they are very much the same...except bitcoin is far
more useful as a form of money.  You can send it anywhere in the world instantly (except when the
blockchain is congested) and you don't have to keep it locked up in a safe.  It's not heavy, and you
can't wear it around your neck or in your ears.

This discussion is a tired one, beat to death like QS's accusations against Lauda.  Call it gold 2.0, call
it whatever you like.  Crypto is an asset, just as gold is.  Let's move forward.

[mustakforum]

I believe and believe in the existence of Bitcoin.

[Forhadm]

Yes I like bitcoin and I also thought that bitcoin is a gold so I work hard at bitcoin because I think that bitcoin is my future, many man like bitcoin because bitcoin gave interesting profit and man will be interested to do work at bitcoin so I really like bitcoin.