Bitcoin is gold?

[Ewox]

 I think bitcoin currently acts like gold, people buy them and hold them for long term and sell them when the price is upraised. But they both are really different from each other aside from Bitcoin being a digital currency, it also is used as a form of payment too. Maybe that is one of the reasons why some people think bitcoin can be like gold because of how people buy and sell them.

[ngano ba]

Bitcoin is investment and we put money to buy bitcoin ,as we put our money in here, we can compare bitcoin to gold , as gold is a precious matter or element, so it is valuable , as bitcoin has value then bitcoin as gold.

[raybut37]

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?

Yes, in terms of price we can compare bitcoin to gold because both are very expensive, gold price for now per 1 kilograms is more than $40,000 while the bitcoin price for now is close $8500 but the good thing for gold is not affected by price volatility.

[heureca]

BTC is not gold but have some features that is the same comparing with gold. BTC was also the 1st criptocurrency as it was gold a lot of years ago. At the same time BTC is the main criptocurrency as gold in fiat world (all countries have gold funds).

[bbcolex]

That's how many experts see it a digital gold, it made sense since bitcoin is like an asset rather than an currency, Yes. We can purchase items using Btc but it's not sustainable in the long run specially if bitcoin price shoots up, fees will follow

[Tomcolor]

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?

Somehow explain is difficult,many time people call them Bitcoin is gold because Bitcoin value high. Again some people tell him ETH gold, because value is good think now.
So personally Bitcoin is a gold to gold with me and my life.

[alyssa85]

BTC is not gold but have some features that is the same comparing with gold. BTC was also the 1st criptocurrency as it was gold a lot of years ago. At the same time BTC is the main criptocurrency as gold in fiat world (all countries have gold funds).

It's definitely behaving like digital gold. As soon as the Syria business happened, both gold and bitcoin started rising. It's clear that some investors think it's a hedge against geopolitical risk.

[stefy77]

Of course it's gold. Banks are doing everything they can to make ordinary people lose confidence in bitcoins so they can buy them for sale and accumulate them for the future and then use them for their investment proposals to....... normal people.

[wantjokull]

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?

BTC is just the BTC and nothing else mate.  

Its completely different story and I am sure that making the title of gold doesnt suit the bitcoin anyway. Bitcoin is created out of ease of transaction and when we say that then its more like currency only but with different form and name. Just like the way we have USD, GBP, EURO, INR, YEN and much more to count on. This is like global symbolisation which every country usage and recognise the bitcoin as it is! The gold is different story and its just precious metal neither it has replaced the money nor it will be called a money too.

[Elmughni]

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 two difference thing. gold is physically investment, the bitcoin is digital crypto. so, gold is very stable but bitcoin is the future.

[ratnawide]

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?

since ancient times people have assumed that gold is the most valuable item compared with fiat currency. and to date gold is still seen as a valuable item. but with the presence of gold bitcoin to be less desirable, but even so gold will never be replaced by bitcoin

[gadimbrut]

in my opinion bitcoin will not be gold, because bitcoin is not physical only nominal digital, while gold is precious metal, bitcoin can lose its value like money but gold value will not lost because of gold physical

[BennyK]

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?

Bitcoin and gold almost work on the same principle with the difference being that gold can be seen and touched but BT is virtual. Both BTC and gold are mined and are limited in supply, hence a shoot in demand increases its value and price on the market.

[bellator66]

For me, btc has its own value. While gold has its own artistic value in accessories for women.
So between gold and bitcoin has excess value each.

[dzhan]

Bitcoin is very valuable just like gold but there is many differences between both of them. Mainly Bitcoin is a crypto currency even if it is currently considered as an asset. While gold is considered among goods and a physical asset too. Also Bitcoin's price is more volatile, and growing up faster than gold which have more stability of its price.

[simaislam]

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

It is an interesting comparison and I have never thought about it that way. I have seen comparing BTC to gold and LTC to silver, but ETH-oil relationship is interesting and new.

Anyway, in my view, gold has thousands of years of history and it has proven time over time its utility. BTC still has to prove it will exist in 10 more years, not to speak about its capital preservation utility.

Interesting comparison? Bitcoin are close to gold and have same huge value but the most safest is gold because in bitcoin no one can sure if it still exists after ten years or more. The gold are still a gold and have a value.

Yes,it's an interesting comparison.

[nara1892]

bitcoin like gold, it's just better

like gold because: limited supply, Universality, Value increase in time of crisis and inflation, Operation outside the banking system

Nevertheless Bitcoin is advanced form of gold, as evidenced by a number of advantages:
Excluding the possibility of forgery, Gold still can be somehow faked. Or its quantity can be reduced in the finished product
No need to carry it
Use as a means of payment
Convenience and safety
fast transaction

[CarylnBoy]

in my opinion I believe that bitcoin is not gold but gold better because bitcoin is a smart digital currencies are created by blockchain technology, it is used by a very large community, bitcoin for a long-term and stable, and as sources of huge profits for everyone.

[thiendaicat]

BTC is not gold, it is an old crypto. I think in the future there will be an alternative to BTC

[soenaderecho10]

BTC is not gold, it is an old crypto. I think in the future there will be an alternative to BTC

For me never be bitcoin become gold because gold is popular around of the world and the bitcoin is a new currency and the other people did not no what is bitcoin so i think bitcoin never be a gold but bitcoin is the good for investment morethan gold because we can get a good profit if the bitcoin goes up the price.