Bitcoin is the New Gold, a better safe Haven Asset, Do you agree?

[richan]

Do you agree Bitcoin is the New Gold. According to Goldman Sachs analyst Zach Pandl, the rapid increase in demand for bitcoin has been triggered by the growing dissatisfaction with regulated monetary systems and the current Banking infrastructure. Pandl also noted that in the long - term , cryptocurrencies like bitcoins mature and evolve into a major asset class and will pose lower return but demonstrate a high level of stability ,like gold and other safe haven asset. (source: https://www.ccn.com/bitcoin-new-gold-better-safe-haven-asset-goldman-sachs/)

[Aveatrex]

Do you agree Bitcoin is the New Gold. According to Goldman Sachs analyst Zach Pandl, the rapid increase in demand for bitcoin has been triggered by the growing dissatisfaction with regulated monetary systems and the current Banking infrastructure. Pandl also noted that in the long - term , cryptocurrencies like bitcoins mature and evolve into a major asset class and will pose lower return but demonstrate a high level of stability ,like gold and other safe haven asset. (source: https://www.ccn.com/bitcoin-new-gold-better-safe-haven-asset-goldman-sachs/)

If you consider Bitcoin as an Asset,then it's probably a V2 Gold.
However in my opinion we should consider Bitcoin as a revolutionary currency that will change the world and not just a way to get money by investing on it and keeping it with no usage.
The fact that alot of people consider it as an Asset and not a currency makes it mostlikely like a speculative bubble that explode from time to time due to market corrections

[Doni Ariyanto]

I think your opinion is true. Why? because at the moment bitcoin has a very high profit especially in cryptocurrency. it will affect many people to invest in bitcoin I am interested because it, although the value of bitcoin itself is sometimes up and sometimes down.

[SamReomo]

It is really not correct to compare Bitcoin to the gold. If you're comparing it as investor then you are somewhat right but if you are comparing it in real life then you're not correct. Gold is highly valuable for those who wear it while Bitcoin is most precious for those who use it for their everyday virtual needs, or who cash out it to get awesome goods. Those goods can be anything, e.g gold, diamond, silver, cars, bikes etc.

The things that create difference between the both are very noticeable, for example the main difference between both is the physical existence. Bitcoin is somewhat kind of virtual gold or maybe virtual diamond, but in physical world it isn't anything higher than a way to send and receive money via the internet and electronics.

[hastag_80]

Do you agree Bitcoin is the New Gold. According to Goldman Sachs analyst Zach Pandl, the rapid increase in demand for bitcoin has been triggered by the growing dissatisfaction with regulated monetary systems and the current Banking infrastructure. Pandl also noted that in the long - term , cryptocurrencies like bitcoins mature and evolve into a major asset class and will pose lower return but demonstrate a high level of stability ,like gold and other safe haven asset. (source: https://www.ccn.com/bitcoin-new-gold-better-safe-haven-asset-goldman-sachs/)

I thinks  bitcoin is more than or better than gold because of you see all the criteria between gold vs bitcoin.In  gold few of rich people have owned it and mostly it will deposited in the banks,while in bitcoin more people are owned it now,and change there way standard of living.while in gold you cannot carry and paid it all the time if  you need a payment transaction while in bitcoin in a simple way you can easily access or paying some important billing,or buying some important  needs or wants in life.so for me there so many differences an advantages of bitcoin if you compare in gold.

[bitcoinskyrocket09]

Do you agree Bitcoin is the New Gold. According to Goldman Sachs analyst Zach Pandl, the rapid increase in demand for bitcoin has been triggered by the growing dissatisfaction with regulated monetary systems and the current Banking infrastructure. Pandl also noted that in the long - term , cryptocurrencies like bitcoins mature and evolve into a major asset class and will pose lower return but demonstrate a high level of stability ,like gold and other safe haven asset. (source: https://www.ccn.com/bitcoin-new-gold-better-safe-haven-asset-goldman-sachs/)

If you consider Bitcoin as an Asset,then it's probably a V2 Gold.
However in my opinion we should consider Bitcoin as a revolutionary currency that will change the world and not just a way to get money by investing on it and keeping it with no usage.
The fact that alot of people consider it as an Asset and not a currency makes it mostlikely like a speculative bubble that explode from time to time due to market corrections

Yes it is bitcoin is the new gold for us who using bitcoin because bitcoin is more affordable to have unlike in gold you'll need a huge amount of money just to have one but in bitcoin you can invest it and wait for the value to be increase. And in security you'll need a bank just to secure your gold but in bitcoin you'll just need account for your security that contains your personal identity and it's OK because its your privacy and no one knows it

[HeRetiK]

I definitely agree with Bitcoin being the digital equivalent of gold. As an asset it shares a lot of its properties, both good (eg. can not be conjured out of thin air) and bad (eg. pays no dividends, close to no intrinsic value).

The true test will be once the next economic crisis hits. Will Bitcoin behave like gold and succeed as store of value during a recession, or will Bitcoin fall with the rest of the market, due to its speculative nature? I consider both a possibility, but it will largely depend on how well established and stable cryptocurrencies have become until then.

[The Sceptical Chymist]

There's been a thread floating around about this for quite some time now--I remember commenting in it, and I'll say the same thing again:  Bitcoin isn't going to be any sort of "safe haven" or "go-to asset" unless its price stabilizes. 

People who are extremely wealthy don't park their money into assets that rise or fall 50% in one day--they buy stuff like gold and government bonds.  They're objective is to protect their wealth, not generate it.  Little peons like you and me?  Yeah, we have to gamble in order to have the chance to strike it big.  But the big fish, when they need a safe place to put their money, it's not going to be in crypto (yet).  I don't care what JP Morgan or any of those other scum suckers say.  They're just trying to peddle something one of their clients wants to sell.  Pay them no mind.

[player514]

Do you agree Bitcoin is the New Gold. According to Goldman Sachs analyst Zach Pandl, the rapid increase in demand for bitcoin has been triggered by the growing dissatisfaction with regulated monetary systems and the current Banking infrastructure. Pandl also noted that in the long - term , cryptocurrencies like bitcoins mature and evolve into a major asset class and will pose lower return but demonstrate a high level of stability ,like gold and other safe haven asset. (source: https://www.ccn.com/bitcoin-new-gold-better-safe-haven-asset-goldman-sachs/)

Bitcoin is more than gold, so I don't think I'd actually put them in the same category. Bitcoin can be invested in as well as used as a currency. You can't really do both with gold. If you walk into a store and try to buy something with gold nuggets, you'll likely be kicked out or redirected. However, with bitcoin, all you need is to go to a BTC atm and get cash, or even better, just load up your bitcoin debit card with some money. Some sites even accept bitcoin itself as a payment.

In that sense, yes, I guess you could say bitcoin is the new form of strong investment as gold was, but I think it'll be more than whatever gold ended up being.

[sugihe]

You said that bitcoin is new gold, why we need a new gold if the previous gold is still exist?
I think bitcoin and gold are not the same. They are very different so we dont need to compare them.

[Anti-Cen]

New Gold 

Computer digits are not worth much and Crypto-Kitties even come with a nice smile
and we can add code to cull the numbers of cats if they breed to much to make them
valuable digits.

"Safe Haven" you do make me smile or have you forgotten the recent 30% price drop
and loss of market share to other coins that are safer, faster and transaction fees of zero
to what we are paying here.

We are gambling just like they were with Tulips but I am sure Amsterdam will still
produce flowers but they won't be selling for $13,000 and the profit gains will fall back
to a more modest number.

I know it will never happen, don't even know why i say this but try some self discipline
and put a stop-loss on BTC at $10,000 just to ensure you don't end up with nothing




Please remove that "B" thing that looks like a fat cat banker with a top hat and short legs
and replace it with a nice 1oz silver eagle because that is what you call real money, gods
money if you like

[soll-moll]

I think BTC has some gold functions, but it can't replace gold. BTC is virtual, because the existence of the Internet makes it valuable. Gold is real and can be bought and sold in life.

[bedulook]

I don't think so, because God don't flactuate in price like bitcoins do, but yet Bitcoin is an asset and for it to be a safe haven it must be stable.

[Suharti12]

I think so too that bitcoin currencies are more mainstream and faster in value development than gold metal, and bitcoins with practical readings make bitcoin much liked by the public. I also like bitcoin.

[uylvlprx]

Do you agree Bitcoin is the New Gold. According to Goldman Sachs analyst Zach Pandl, the rapid increase in demand for bitcoin has been triggered by the growing dissatisfaction with regulated monetary systems and the current Banking infrastructure. Pandl also noted that in the long - term , cryptocurrencies like bitcoins mature and evolve into a major asset class and will pose lower return but demonstrate a high level of stability ,like gold and other safe haven asset. (source: https://www.ccn.com/bitcoin-new-gold-better-safe-haven-asset-goldman-sachs/)

https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2017/10/Bitcoin-gold-mound-760x400.jpg

I think this statement is very good, but bitcoin does not equal gold, bitcoin should be more meaningful than gold.

[d0n4ald]

some other coin can replace bitcoin as the "gold" standard of crypto

[European Central Bank]

no. it's risen in the longest general bull market since forever. everything looks like a champ during something like that. it's never been tested against general negative sentiment. in 15-20 years maybe. right now it's the first thing people would dump in a panic.

[Walrus1]

Absolutely redicoulous gold has been around 4,000 years please stop these posts they serve no good

[cpfreeplz]

100% agree. I don't own any gold but I own Bitcoin. If/when everything goes to shit with your local fiat currency, you'll want to make sure that you have a backup. Has anyone looked into how long fiat currencies really last? It's pretty amazing. I saw a graphic showing that 94 years was the average. That's absolutely horrible and by the end of it the currency is worthless. We're so screwed so shortly it's not even an analogy.

[Alert31]

    Yes,I agree that bitcoin is the new gold in Digital terms.Because if you compare it in real gold they are different because gold is tangible asset while bitcoin is digital currency but in value they are both precious and valuable.Gold can turn into different jewelries,bitcoin is not. You just need internet to find bitcoin and we dont really know if it wiĺl last forever unlike gold it is natural resources.