Is BTC the new gold ?

[wilhb81]

It's rather hard to put Bitcoin and gold into comparison, as both of them are actually different in many aspects:

Bitcoin:

-Decentralized
-Digital currency
-You can obtain it in many ways (by GPU mining, faucets, offering services, trading online etc)

Gold:

-Centralized
-Metal commodity
-You can obtain it by buying and keeping them (physical gold) or online (virtual gold)[/li][/list]

[luxcoin]

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 ?

This is like a gold but bitcoin is more profitable than gold because bitcoin is already surpassed the value of gold this bitcoin is so amazing i want to hold it and i believe that someday or in the future bitcoin will become virtual currency .

Hi buddy,
you can use it right now if you want as for of payment. And I'm referring to BTC like you can do to gold.

The problem is the people are fearing to loose its value that constantly will raise due to its scarcity like is gold. But with Gold they can discover a new area plenty of that in future, but  with BTC and many other Cryptos you can't. So they hold it instead of using it. If it's not a form of investments this..

[luxcoin]

Bitcoin is better than gold because Bitcoin reached at 10K but gold is still $1,281.90 per ounce. Bitcoins are best.

It does not mean a thing! You can not only see its value.

[junaiddd]

As far as my point of view is concerned. BTC is better than Gold. Bcoz BTC value is increasing more than Gold.

[naglas]

yes it could be new gold, but nevertheless, bitcoin and gold are different things

[luxcoin]

Bitcoin is better than gold because Bitcoin reached at 10K but gold is still $1,281.90 per ounce. Bitcoins are best.

At this moment bitcoin is better but can we predict future?
Gold is very famous because of stability and security.
Gold was very valuable 1000 years ago, it is very valuable now and will be very valuable in 1000 years.
What about bitcoin?
Its value has increased 15 times in only 2 years.
There is no stability and security here.
Some other crypto currency can replace bitcoin in the future, who know?
Btc value can grow but also fall significantly, depends on many factors.
In the long term, I prefer gold.

I got you point.
Very stimulate answer by the way.

In some way I agree with you. You cannot say what it will be tomorrow because there are too many factors out there.
Anyway it was the same with gold before the entire world started to realise that it's not so common and it was difficult to find - only them they start to understand like other thing on earth it's not unlimited.

So how many years was past before they recognise it ?
I guess many..

What for BTC ?
Due to its scarcity - and everyone should know about it - its price is supposed to rise and rise.
But only IF the people recognise as something that you can change for goods or whatever you want. So in the end it's all about spreading its idea of value I think

[Lancelot04]

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 ?

Well, gold is shinny and worth keeping, but in fact you aren't holding it at all, whereas Bitcoin who are able to keep it in your wallet.

[deepika the crypto girl]

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 ?

I think Bitcoin is better version of gold. Giving higher returns as compared to any other investment,the kind of frenzy that we all will experience in 2018 is gonna be crazy

[DoublerHunter]

Bitcoin might be the new gold because it has a limited supply and its price is keep on rising just like the original gold but the only thing that makes difference from bitcoin and gold is the chance to make a safe investment because bitcoin is volatile so it is very risky to put money while gold is a good option since its price is almost stable per year.

[sunny1356]

I feel BTC is the new gold in the sense that the value and price is so much comparable to the value of gold. Although it cannot replace gold.

[luxcoin]

Cryptocurrencies like bitcoin are not the "new gold."  Many commentators have dubbed bitcoin "digital gold" because of the fact it has a finite supply and has at times seen price rises due to geopolitical tensions. Gold wins out over cryptocurrencies in a majority of the key characteristics of money.

 Gold is clearly better at holding its purchasing power, and has much lower daily volatility.  Bitcoin's volatility averaged almost seven times that of gold in 2017. The price of  gold is up over 10 percent this year. Bitcoin meanwhile is up over 400 percent. However, the cryptocurrency has had wild swings in price.

 Bitcoin can be broken down into much smaller units. While this may make it look like a better medium of exchange than gold. However,  transaction fees have risen sharply this year. The average transaction fee at its peak in mid-July was just below $9.

In some way you are right. I mean it depends as usual what you are looking for and what are your believes.

If you want something safe ( that anyway could suddenly change its value ) you should look to Gold. The volatility facts that scares most of, I think that's because we are at the beginning of it. It will decrease when the time goes by as I think

[luxcoin]

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 ?

No, BTC is more than gold, more than money, more than all things in this world. It is transparent, it has a high level of security, it is able to slash the bank system slowly. It is the most sophisticated innovation I've ever seen.

Yes but at the core and with the whole scheme today, it's pretty much say same as gold, it's getting to be just as any other investment asset. Just look at what most of the users are doing, buying and holding and if you ask me that sounds more like an investment asset then a currency, yes someone might be using it as a currency but there surely someone out there that uses gold the same way, therefore... if you ask me, bitcoin today is an asset.

Yeaaaaah 
Definitely an answer

IT'S AN ASSET - so an investment.

[luxcoin]

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 ?

Well, gold is shinny and worth keeping, but in fact you aren't holding it at all, whereas Bitcoin who are able to keep it in your wallet.

Are you sure you can't hold and keep a medal of Gold ??

[Choii]

Yes it is.
Bitcoin is the new gold. But gold and bitcoin is a big difference.

Yes your right, there's a lot of difference in bitcoin and gold, and i agree what you say, that our bitcoin is a new gold in this generation. Becasue if you can see the value of bitcoin is higher rather than gold but it connot replace the image of gold, and that's my opinion.

[Xester]

As far as my point of view is concerned. BTC is better than Gold. Bcoz BTC value is increasing more than Gold.

Yes we can see that clearly that price of bitcoin is much higher than the price of gold as of the moment.  Though we cannot deny the fact that gold is much trusted or let us say already an institution in investment as it is used even in the old times.  We can buy bitcoin and gold, but we can never earn gold but bitcoin can be earned.  So therefore, we can say that bitcoin is the new gold because it is so precious.

[John Langut]

To give a counter argument, gold is a physical element and Bitcoin is digital. Although digital assets are currently easier to process over long distances, if you look at the history of computing digital assets are fleeting. Who still uses floppy disks? Can you still access the data on them? While this may seem like an outlandish argument, new technology may render our current technology obsolete. Like Myspace.

[DoublerHunter]

Yes it is.
Bitcoin is the new gold. But gold and bitcoin is a big difference.

Yes your right, there's a lot of difference in bitcoin and gold, and i agree what you say, that our bitcoin is a new gold in this generation. Becasue if you can see the value of bitcoin is higher rather than gold but it connot replace the image of gold, and that's my opinion.

It is maybe the new version of gold but the whole concept of bitcoin is very different compare to gold because bitcoin is a currency and it has a lot of advantages on its system that made bitcoin as a very special type of asset or investment while gold stays on what it is and i think that there is no available development for gold to use it for better purposes.

[UAE Seasider]

I think you better pray it is not as before you know it the futures market will be writing contracts out of thin air and manipulating the prices.

For pure capital appreciation however I think Bitcoin has totally surpassed gold but that isn' to say at some point down the road Gold will actually catch up. Hedge your bets and hold both

[blozo]

Yes current bitcoin usage is digital gold + payment method for luxury items . With the current scaling solution it cannot be used for daily purchases (fees and confirmation times are too high)

[jkoin]

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 ?

I think that soon other faster, cheaper and more promising crypto currencies can replace bitcoins due to their transaction speed and low commission prices.