Bitcoin is gold?

[ace9989]

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

I think it is a difference thing. perhaps bitcoin is more valuable than gold. bitcoin is digital currency,very fluctuative  and the gold is stable.

Bitcoin is surely much like a bubble in price and we cant be so sure to compare bitcoin to gold because gold has physical product and exist since the dawn of time while bitcoin is much like a currency that can be gone anytime when the market crash.

[franciscoDC]

For me bitcoin is already gold because the price of it was quickly growing and many country was recognize it as payment  system ,and i know in the near future bitcoin can change the world for many purposes.

[riboku0105]

Bitcoin is showing the same properties as gold. Whenever there is a fluctuation, the price of these assets will increase, but bitcoin reacts faster and stronger than gold.

[johnine]

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

As of now bitcoin is like a gold, when it comes to price, but you cannot compare bitcoin to gold, since bitcoin is a medium for the transaction through internet, while gold is once use ad currency and now being used to produce jewelries etc. So bitcoin​ and gold has a lot of differences.

[WolkGold]

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.
And currency becomes money when they don't lose value between people regardless of time, like gold.
Do you believe btc could be in this position? BTC could become gold?

I personally do not believe that BTC can replace the paper money. There are too many reasons to think so. Indeed, without future adjustments, the conflict over decentralized supply would seriously affect the value of bitcoin as the popularity increases. "balance / maintain value" is the characteristic that paper money can do well on its mission from the banking and government operations.
- If compare bitcoin like gold. I think similar and true. By the increasing value and demand of the community around the world with bitcoin, it is almost becoming a necessity and as important as Gold.

[Markmolotok1488]

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

I think it is a difference thing. perhaps bitcoin is more valuable than gold. bitcoin is digital currency,very fluctuative  and the gold is stable.

Bitcoin is surely much like a bubble in price and we cant be so sure to compare bitcoin to gold because gold has physical product and exist since the dawn of time while bitcoin is much like a currency that can be gone anytime when the market crash.

But bitcoin is clearly better than gold. After all, they both cost money just because people are willing to pay for them. Behind bitcoin is technology, it's a convenient payment system. Gold is just a yellow metal.

[guon]

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.Bitcoin BTC is already gold.

[sk700]

BTC is acting like a gold right now and ETH is oil. thats how it is right now.

no no bitcoin is better and valuable than metal gold. bitcoin is a currency which act as digit but gold is valuable metal which is exchangable everywhere. one day bitcoin will more fleaxible than gold.

[Bdstar]

Nope,
But Bitcoin is more valuable than gold if you compare between two prices. obviously, bitcoin is the most valuable tools in the current world, on the other hand, Gold was being considered as the precious goods but day by day the demand of gold in decreasing because of the falling down demand. that's why for me Bitcoin is more valuable than gold.

[Cuman86]

bitcoin is more than gold, the price per coin alone is much different from gold. Because bitcoin is a virtual currency that is currently limited in number throughout the world. more rare the more expensive.

[Geemy]

This is the biggest, they are Betquin There is no relationship between him and any metal These minerals of nature and this number of the human there is no face compared to Betquin will take time and then ends but the metal remain until the end of life

[david_019]

Do you believe btc could be in this position? BTC could become gold?

I agree that time will come the possibility that paper money will no value anymore this has a big chance to come to reality because people already discovered how good virtual currency is. The service of this system is far better than the former one or the usual money that we are now using.

But to think that bitcoin could become gold is impossible! Bitcoin hasn't have natural glory which makes gold become too precious. And if we say that bitcoin could be gold, are saying that bitcoin will defeat the gold which is the thing that will not happen. Remember this one "paper money is the represent of gold and if it will abolish by bitcoin, then, btc will just become only the gold representative"

[jlanzago]

I usually don't like to speculate on things I can't control, and certainly don't spend my time on conspiracy theories. However to answer your question, Bitcoin is not gold. Bitcoin is a cryptocurrency, gold is a metal. Both have different utility and both can be used to diversify an investment portfolio, increasing the expected return while decreasing risk, because of their negative correlation versus other asset classes. Both are very volatile. It is really funny that people thinks gold is "safe" when is one of the most volatile (riskiest) assets out there.

What I try to focus on are the things I can actually control. I do believe in Bitcoin, and blockchain technologies, and the way they are already changing the world. So I want to be part of that trend. Having said so, I have more Bitcoin in my portfolio, than gold.

[Tahir460pk]

people investing on gold and than hold it because gold value is going up and up even not a solid break you can compare their prices every year so its a gave a good profit but now a days trend changing people giving preference to btc for good revenue they just purchase and than hold for better time as their demanding value come they sold.

[malbano2099]

Yes, bitcoin is more valuable than the gold. But if you think of it, gold is more essential. As you can see, nature has significant role in gold. So, it is part of our nature and at the same time, it is in physical figure you can have it or hold it. So for me, gold is more essential because i believe that nature is the most wonderful thing in this world.

[evilsign]

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

I prefer to choose bitcoin than gold, why? because this bitcoin is more transparency. Look at a gold, we don't know about circulating supply and max supply. We will not know what if the supply is being manipulated? I mean how if there is some people or organization which can get the gold easily like the government printing the money paper. So if this bitcoin has "something" special more than a gold, why bitcoin must be like a gold? Bitcoin has a chance to change the world of order and I hope this is the time.

[Fappanu]

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

No, it's just considered gold because of its similarity. Today's bills do not change the price while gold and bitcoins are identical. Falling and rising. So it is similar. Hopefully this will make the money now easier to do by printing will disappear

[dimiinx]

Bitcoin is showing the same properties as gold. Whenever there is a fluctuation, the price of these assets will increase, but bitcoin reacts faster and stronger than gold.

bitcoin applies only in the digital world only because as an online transaction to make it easier to transact with others. if in the real world gold is the most valuable because gold is original and real existence while bitcoin is only in the digital world. bitcoin and gold have a very far difference and apply their respective disunion.

[speeder]

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

Currently Bitcoin hasn't lost its value so I think we can say that is gold, right now but in future i don't think so.I say this because it's not something stable and it's value can drop whenever, like if it will be a war or a cataclysm for example.

[boty]

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

of course not, bitcoins are digital currencies, digital ones can only exist in computers alone, while gold has a real shape and gold can not be on the computer, not only that, the total supply of bitcoin and gold is also very different. in my opinion bitcoin will never be gold.