Is BTC the new gold ?

[btcrich2020]

Bitcoin is digital gold and more precious metal for lifetime most valuable asset because of limited supply

[ace4549]

Yes, bitcoin now possessed the characteristics of gold (invulnerable, indestructible, expensive, and more valuable).
The excellence of bitcoin in the industry brings them to achieve this title and I think they are deserve to crown to be gold and spread knowledge for the innovation of tomorrow.

[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

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..

Definitaly true buddy!
It gonna takes many years however. Be patient and Hold like never before

[luxcoin]

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

I do not think so mate. Ok, it's not phisical like Gold but it has value.
And what about Bank Trasfer? They are not phisical either but one can receive the money from another person.

So what the main difference between BTC and Gold?
The first has a limited qualtity, and you will never mine more than 21M rather than Gold that can be discovered a new " line" in any day and potentially everywhere.

So its price depends of the quantity avaiable.
Make your consideration

[luxcoin]

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.

Correct - both gold and bitcoin has a maximum cap of numbers and thus that is why it is considered as a limited and scarce resource. This makes it more valuable than fiat money where the government can produce more as long as they want and in so doing, fiat value will decrease as it produces more.

They are not telling you if they had discovered other gold somewhere - because if they reveal it its price goes down. That coul not happen with BTC

[hinterland]

gold has value because it is useful. it is not just an asset you invest in and nothing else. gold is being used in thousands of different places. in different amounts and shapes from big size in jewelries to tiny nano particles used in medical technologies.

bitcoin has value because it is useful too. it is not just an asset. bitcoin is useful because it is a currency which is decentralized. has high security and global. of course being cheap is desired but sadly for this short period of time we can not have that. hopefully we will in the near future again like we had low fees before.

Gold and Silver have unique properties, such as being the highest conductor for both heat/electricity. Silver is better than gold slightly in that aspect and also has antibacterial properties.

Agree bitcoin has its own unique properties, in places during the GFC people invested in bitcoin to avoid letting the banks steal their money.

[michael shikany]

Bitcoin, I think, looks more like a digital "gold" than a currency.
Because of the slow transfer of bitcoin, the problem of block congestion still exists, so it's hard to be a real currency right now.

[cuanterus]

bitcoin is more than gold if we compared with the price both it is beyond double price many times. i would having btc right now

[andylowe]

Bitcoin, I think, looks more like a digital "gold" than a currency.
Because of the slow transfer of bitcoin, the problem of block congestion still exists, so it's hard to be a real currency right now.

Yes, it is a digital gold that helps us gain such a huge amount of money. It is a new gold. Yes, bitcoin will be our new gold but it doesn't mean that gold wont exist but not that like bitcoin. Because bitcoin is becoming more popular right now because many people are still using it. Must trust ourselves for us to gain and believe in bitcoin if you wanted to have that.

[DoublerHunter]

Bitcoin, I think, looks more like a digital "gold" than a currency.
Because of the slow transfer of bitcoin, the problem of block congestion still exists, so it's hard to be a real currency right now.

Yes, it is a digital gold that helps us gain such a huge amount of money. It is a new gold. Yes, bitcoin will be our new gold but it doesn't mean that gold wont exist but not that like bitcoin. Because bitcoin is becoming more popular right now because many people are still using it. Must trust ourselves for us to gain and believe in bitcoin if you wanted to have that.

We should treat bitcoin more than gold because bitcoin is superior in gold because bitcoin got the technology that we really need and that is the decentralization from the blockchain and without it we cannot get into a revolutionary ideas which can change the world into a better and transparent world.

[hoangyoyo]

it already a gold

[Lingesh]

yes it is really a gold, virtual gold or crypto gold, invest in bitcoin is better than the gold but pice is variable compared to gold.

[sandarajasmine]

IMO, Gold price is more static than the price of BTC? Correct me if I am wrong, sharing session. Hehe

[pinkliar]

Bitcoin, I think, looks more like a digital "gold" than a currency.
Because of the slow transfer of bitcoin, the problem of block congestion still exists, so it's hard to be a real currency right now.

Yes, it is a digital gold that helps us gain such a huge amount of money. It is a new gold. Yes, bitcoin will be our new gold but it doesn't mean that gold wont exist but not that like bitcoin. Because bitcoin is becoming more popular right now because many people are still using it. Must trust ourselves for us to gain and believe in bitcoin if you wanted to have that.

We should treat bitcoin more than gold because bitcoin is superior in gold because bitcoin got the technology that we really need and that is the decentralization from the blockchain and without it we cannot get into a revolutionary ideas which can change the world into a better and transparent world.

as we are able to see the new way on technology to be that bitcoin are may become as what we have to treat gold for are being one of the best kind to be cause we are in the new era of , and so on this bitcoin are one of the best example of.

[melch100]

Definitely bitcoin  has taken the place of gold now. More investors who bought gold previously now have started to buy bitcoins instead. Bitcoin is the digital gold.

You are right, Now Bitcoin has taken the place of gold. I think Bitcoin is better than gold. Because the price of Bitcoin is increasingly . Many people are encouraged to invest Bitcoin more than gold. Because they know Bitcoin value is so much. 

Yes, bitcoin price have a lot of potentials compared to gold with a very small percentage of increasing.That is why many people are into it now.

[Hasbro27]

I think that bitcoin is not new gold, more exactly bitcoin is a new type of investment that can give bigger profit than gold. bitcoin and gold are different because the bitcoin is intangible and gold is a kind of precious metal

[Super_talk]

Oh yeah, that's the right remark. Bitcoin fever will soon begin.

[Asker_Tanker]

I think BTC can become a new coin on crypto market

[dvillier]

Indeed, we can consider bitcoin as new gold as bitcoin have no such qualities like gold but yes after gold we can consider it a second gold as price of bitcoin is too high like gold while some of qualities are related to gold like we can see volatility quality and other qualities like trust, security etc.

[diva.man]

Bitcoin can be a "new gold", something that is so hard to cash in and trouble to store.

After the lightning network is deployed, it will also become "new dollar" and "new visa".