Is BTC the new gold ?

[kasansa]

Bitcoin is definitely gold and will continue to be as the gold standard, either you buy gold or bitcoin you are in the safe zone for some years to come, bitcoin is a new invention and created by man, no wonder bitcoin will over come to gold but not in the long run, it's upto that person who have to take wise decision time to time.

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[DewiKirana]

Yes bitcoin is a new gold in the digital world. The majority of people love gold, as well as bitcoin, they love it very much.

[ubay]

Of course not, bitcoin is much more valuable than gold. Gold is simply a commodity that can be produced at will, but not with bitcoin. It has limited supply and bitcoin is very practical if taken everywhere.

[J_Dubbs]

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 also think that soon other faster, cheaper and more promising crypto-currencies can replace bitcoins due to their speed on transactions and low prices for commissions. Such crypto-currencies as Bitchares and others. But replacing bitcoin is not so easy. This is already an established currency in its place. Wait and see.

[Envrin]

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 also think that soon other faster, cheaper and more promising crypto-currencies can replace bitcoins due to their speed on transactions and low prices for commissions. Such crypto-currencies as Bitchares and others. But replacing bitcoin is not so easy. This is already an established currency in its place.

[MrHertz]

it could be, but there are still too much debates about bitcoin destiny. Some people think that bitcoin should be stable currency for holdings(like gold), and some people think that btc should be flexible.(bch fork didn't solve these disputes)

[luxcoin]

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.

Great definition.

I would add this: you can discover gold in new filed or under the deep ocean ( just to make an example) so its quantity would increase but this can not happen with BTC or other crypto:its scarcity is defined at the beginning . So you can not run into a new Bitcoin because you found on your path, but you have to buy or generate in some way.

So I think at the end BTC is more than Gold.
It only miss some history, mmm thousands of years of history 

[luxcoin]

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.

Makes sense what you think.
Anyway you can still read a floppy disk even if it's not common. The technology supremacy won against all fiscal object when it solved a problem in easiest and more efficient way.

I mean look at the electric cars: you know it's the future but today not everyone could afford once. But in a couple of years when the technology will growth for sure.

[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 ?

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

Unless they will solve the scalability, fees and time-confirmation issues 

[sumangs]

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.

[roxbit]

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.

[luxcoin]

We also at one time used salt's and spices as trading tokens too.

That's the best explanation of token I've ever read !!!  
I'll steal that in future

Anyway totally agree with you.
If we deep look why gold its such a value, we come to conclusion because it's well-known all around the world. Only that that makes its value. And its scarcity of course, and its strength to resist in years. Like Diamond. They have such a thing that other minerals do not have. So they have value.

But what if nobody knew their features ? They would not recognise such a value, don't you think ?

So that's it: it only depends how more and more people give it a value based on the features that it has. Like BTC

[luxcoin]

Bitcoin now always pumping up by the crypto market cap because of the high demand and low supply many people now believed in bitcoin that it is more profitable when they invested like a gold. But the big different is we could not compared the gold into bitcoin. Gold is an old currency sinced january 24, 1848 in California. And bitcoin this early year was dicovered in 2009. We could not speculated what will happen this to the cryptocurrency but the gold will remain as a metal currency.

Like happened in California, and specifically in San Francisco, people came all over the world because they believe in the " gold rush ".
Nowadays we see something like that.

Of course, before Gold gain such a value years went by. With BTC will be the same I think

[atjiat]

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.

[Cryptozond]

Many states and officials are trying to compare bitcoin with something that already exists. But in my opinion it is very difficult to do because bitcoin is something special and unlike other values

[farwellbit]

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.

There is often chances of bitcoin to be the next gold of the world. But then there come some problems that are associated with bitcoin. The most and vital of them is, instability in price rate. Gold is a mode in investment and business from centuries and it has been stabilizing the price in one circle that is the main cause of such fame. Bitcoin is amazing in price rates but unstable, still bitcoin is surpassing gold.

[cosmoo]

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 ?

New one and better one! Gold it's just a decoration, useless and bright.

[LETme]

They both profitable but do not compare btc and gold. Bitcoin is much profitable than gold by now because the demand is high and we all know bitcoin has a limited supply. Gold used by our ancestor as a 1st currency in terms of trading and if you planning to invest for long term gold is good after 5 to 10 years of investment you can get a high profit and gold has unlimited supply so there always a demand for gold. But for now bitcoin is much better than gold.

[The Patriot Coin]

Its value is in the eye of the beholder but as plato said: "The highest form of pure thought is in mathematics" so why shouldnt a currency based on mathematical equations be seen as nothing less than glorious.

[virtfund]

Yes Bitcoin is a new digital gold. The price of bitcoin is constantly changing, but usually the value moves upwards. There may be delays in Bitcoin transactions will be approved, but it takes time, especially from the bank to send money from country to country. I think the whole world will use Bitcoin in the future. It will be a revolution.