Is BTC the new gold ?

[coinhunt]

It is known that money itself has no value, that’s why dollar, euro, etc. cannot be compared to gold. Gold is limited, so is Bitcoin. The price of gold depends on the cost of mining and supply/demand, so does Bitcoin. Gold acts as a store of value, so does Bitcoin mostly. Sure, there are number of issues that hinder Bitcoin, but it is following the right path to becoming a true digital gold soon.

[does]

i would say

gold = btc
silver = ltc

[jaka331]

I agree with coinhunt. Bitcoin will in the future probably be a store of value like gold.

[HoaNguyen]

How many times you heard some question ?
But the time goes by and I've been wondering if it really what a BTC today really is.

As we discuss here in the forum everyday, the main reason for BTC not to be taken seriously as digital money like it was invented are:

- its fee cost for lower transaction
- delay and time of the transaction to be approved
- its price that change constantly up
- it's not designed to accept so many transactions

What do you think ?
Do you hold like you holding the gol a decade ago ?

Saying BTC is new gold tao is completely wrong, because the fact that BTC and gold are two completely different, can not be compared between the two. But gold and BTC have in common that everyone buys gold with BTC for storage, not for transactions like cash. So if you consider the use of the same gold and BTC can be considered the same but in essence, the two things are completely different. 

[zorchy]

Bitcoin will change the world and turn it into a big powerful system for creating a nano-epoch

[Mr.grin]

in fact, bitcoin prices have always been something high, and are growing very quickly, even beyond gold. but, I also think that bitcoin really does become gold on the internet, and it is a really good investment.

[luxcoin]

Since bitcoin surpasses gold in terms of values they are saying it as a new gold. But bitcoin could collapse unlike gold that its price is absolutely rising from time to time.

Base on my own opinion as a jewelry seller I believe BTC is the new Gold. Imagine gold as a valuable thing yet to earn or acquire it it requires a big amount of money. You cannot have it without lossing a money in your pocket. And one more thing Gold can be stolen while BTC is secured and protected as long as you want to protect it, sure you can.

You very correctly said that Bitcoin is protected by A, while you protect it. Practically if you offer the equivalent of gold or Bitcoin, then I'm sure that a person will choose gold. physical value is very powerful.

Don't be so skeptical. I mean of course gold it's physical and it has a value worldwide known but it only about time when everyone understand it's potential.

[Alex_nutis]

If viewed from the side of a valuable asset, then such an option is possible. But only on condition that central banks of countries add bitcoin to their gold and foreign reserves to increase highly liquid financial assets. This will be the height of the recognition of bitcoin as an asset.

[fndsr]

Bitcoin can be said as an online gold asset that is almost the same as gold is useful for long-term investment or short-term and bitcoin enthusiasts are also getting bigger by the day

[luxcoin]

If viewed from the side of a valuable asset, then such an option is possible. But only on condition that central banks of countries add bitcoin to their gold and foreign reserves to increase highly liquid financial assets. This will be the height of the recognition of bitcoin as an asset.

Central Banks in my opinion would never change their view in accepting something that was thought against them as BTC. So in my opinion with Bitcoin you have to be the bank of yourself so you can truly own what you have. You can't anyway set its volatility because it is in its nature to be not controlled.

[cfif9977]

it s really new gold! i invested 1000$

[luxcoin]

Bitcoin can be said as an online gold asset that is almost the same as gold is useful for long-term investment or short-term and bitcoin enthusiasts are also getting bigger by the day

Definately true!
I'll go with long term anyway 
Wating the next high

[bigvito19]

Yea btc is the new gold rush, nobody is really buying that old gold that much now 

[8Habits]

Bitcoin can be said as an online gold asset that is almost the same as gold is useful for long-term investment or short-term and bitcoin enthusiasts are also getting bigger by the day

True. I think in the future, when all of the adjustment are made - like transaction fees and all that, bitcoin price will become stable and will already started to be use in everyday financial transactions of any individuals..

[Famnant]

No, i don't think that Bitcoin is the new Gold and that it will never be. they're two different things, because Gold is something physical that you can see and touch and Bitcoin is a cryptomoney so ... but has many caracteristics of Gold thoug.

[Lei Crypto bounty]

Is BTC the new gold ?

in my opinion Gold is still a physical existing product
get from digging some on earth ground than a bitcoin mined
thru computer algorithm virtual world,
gold can never be replace by some virtual not existing product, it is not a good parameter to compare the bitcoin to gold , it is far equate
in reality gold is still more valuable than bitcoin because it does exist on our world and it is measured of one state richest because it is real and existing product ,
while bitcoin is an computer program that don't exist on our real world
only on virtual world yes , but never it can be compared Bitcoin to Gold.

don't be mistaken Im a pro and an investor on Bitcoin
but reality is far better than virtual things.
still there's more to look forward on the growth of bitcoin.

- Lei Crypto Gray

[sarojan9980]

BTC is not like a gold because gold is not a only asset it is useful thing also but btc is not like that it is an asset. we should keep it for profit that's it. it is cryptocurrency. compared as price means then both are equal.

[TheGodFather]

How many times you heard some question ?
But the time goes by and I've been wondering if it really what a BTC today really is.

As we discuss here in the forum everyday, the main reason for BTC not to be taken seriously as digital money like it was invented are:

- its fee cost for lower transaction
- delay and time of the transaction to be approved
- its price that change constantly up
- it's not designed to accept so many transactions

What do you think ?
Do you hold like you holding the gol a decade ago ?

Gold would never be teplaced. GOld would always be the standard of rich people just because that no matter what era it is gold woukd always be valuable. Even if the internet is down there would still be balue in gold and that’s the weakness of cryptocurrency

[bitcoi]

You can compare bitcoin with gold and there are many similarities between them and it is reasonable to describe BTC as digital gold. They are rare commodities and you can't just create more BTC or gold. Gold and also BTC are very rare and there are limited amounts of BTC (there can never be more than 21 million bitcoins) and gold.

[NewBet]

BTC isn't the new gold. It is just something that is like gold, only digital.