~ SegWit/Lightning Network is not currently able to help reduce the BTC transactions fee.Technically, they do. It's just that people do not use LN that much. Segwit also increased the capacity of Bitcoin network but there are still people who are willing to pay higher. Not to mention centralized platforms inflating the fees they charge to their users.
So is this the time for us to accept a new existing value of Bitcoin: gold, not cash?This is not the only time we've seen transactions fees spiked over the Bitcoin blockchain increased due to network congestion. There are some who have long accepted that BTC is a store of value and there are more who still thinks it's both an investment asset and a currency.
Do you think Bitcoin is ready to hand over the mission of cash to altcoins, including BitcoinCash, to become digital gold of global economy?[/color]Bitcoin doesn't need to hand over anything. It is the people who uses these cryptocurrencies that will decide which coin/token they prefer.
Bitcoin is a virtual currency. The identity is kept secret while transacting this currency. The price of this bitcoin is determined based on the purchase and sale of bitcoin. There is no interference from anyone. Bitcoin is not a coin like gold it is just a virtual coin.Today, despite the fact that Bitcoin does not have a physical shell, it is still on a par with gold and cash, and also has its own value, which in many cases even surpasses other analogues of valuable assets.
So it is, even now bitcoin has too much commission to use it for payments, and the further the price of bitcoin increases, the higher the commission will be. Therefore, most people choose bitcoin as a high-yield asset that will bring more income than investing in gold.both are certainly good investments, the difference is that one is shaped and one can be seen but cannot be touched / felt.
~Thank you for reading my topic very thoroughly and giving me very clear answer!
Here I have a comparison of the assets for you.It seems that the Bitcoin boom eclipses the sparkle of gold in terms of investment returns ^^
The thing is clear, right?
(https://i.imgur.com/6JvFwiB.png)
The rate аt whісh Bitcoin's nаmе іѕ growing is unimaginable. Bіtсоіn іѕ thе most ѕіgnіfісаnt оf our vаluаblе аѕѕеtѕ. Bіtсоіn іѕ muсh mоrе expensive than thіѕ gоld. Bіtсоіn іѕ сurrеntlу trading at оvеr 50,000.
I am not a fan of both Bitcoin cash or even Bitcoin gold.
Yes, this is true the higher is the potential of Bitcoin the more that people are not gonna use the coin for everyday transactions, and it is because we are also speculative. Why would you use something that you know can be so valuable later? The rational thing to do is hold that something that many are thinking can be rising in value. From its current $50K average price, there is that potential to go $1M and that is just a conservative estimate and from there who knows what can be? Under this type of scenario, a simple guy like you and me would most likely not use the coin but instead "hodl" them. That is why I am seeing Bitcoin more as a store of value than as a form of money in terms of real-world function...though it is really.true, it seems like what you are saying is very good advice because in a situation of bitcoin that continues to increase it is very unwise to use bitcoin to make transactions.
~Yes, BTC as a currency (cash) or investment asset (digital gold) will be determined by each individual users.
So in your opinion, will the market determine for itself the true value of Bitcoin is cash or digital gold?
Personally, I feel that Bitcoin is becoming too expensive and too difficult to use like cash, it is bought by people to invest and hoard like they are doing with gold.Spending BTC has more or less been the same for me because I know of some effective tricks to lessen the cost. Right now, my fee is 10-25 sats/vbyte which is around $1 and there are days that I spend less.
Bitcoin is a more popular coin than gold. People who are involved in cryptocurrencies must choose Bitcoin instead of gold.Because holding Bitcoin between gold and Bitcoin can be more profitable.It is possible to make a profit by investing in Bitcoin This is never possible for gold.
So it is, even now bitcoin has too much commission to use it for payments, and the further the price of bitcoin increases, the higher the commission will be. Therefore, most people choose bitcoin as a high-yield asset that will bring more income than investing in gold.I agree with you too. Although there are rickshaws in Bitcoin, the price of Bitcoin is currently higher. The reason is that life cannot be changed without taking rickshaws in life. Bitcoin is a popular coin. Although Ordinary people have no knowledge about this, they will only support what gold is. Kings have a little knowledge of the world they must support what Bitcoin is. The idea is that the future of Bitcoin will be better Everyone.
If there is competition between bitcoin and gold, I will put Bitcoin ahead in terms of profit and gold in terms of risk reduction.Because investing in Bitcoin and Gold carries more risk in Bitcoin than in Gold.However, if it is said to be profitable, then Bitcoin will definitely be ahead because the price of gold does not increase like the price of Bitcoin.
I don't think of both. It is always an altcoin, no matter what comes out outside of Btc. For example, bitcoin cash has appeared before. However, after a while, it showed that it was an altcoin and then it broke itself. With Bitcoin, neither Bitcoin Gold nor Bitcoin Diamond is needed. There is always one king, and that is Bitcoin itself.
As you say bitcoin is risky since. While Bitcoin has many benefits, it also carries a lot of risks. Gold it is stable. It would not be good for traders like me. That's what I think.
As you say bitcoin is risky since. While Bitcoin has many benefits, it also carries a lot of risks. Gold it is stable. It would not be good for traders like me. That's what I think.
obviously with a high risk it will also produce a big one, because it is cause and effect. not with gold which is not risky, the value of the increase is neither large nor decreasing.
you just have to choose and it all depends on yourself. because you will experience it later.
I am not a fan of both Bitcoin cash or even Bitcoin gold.
I am also a fan of this particular coins. But of course I believe that they are potential coins.
I think Bitcoin is much better than gold. Because it can make profits quickly and the investment is very easy. now also many have been recognized by the government.The fact is that when assessing the superiority of Bitcoin or gold, you need to compare them according to certain criteria, because you simply cannot say which is better and which is worse. Today, gold is more stable and safe for storing their savings than Bitcoin, but at the same time, Bitcoin gives the hope of getting a fairly large profit due to its volatility. But over time, these differences will fade away.
~ So I support Bitcoin Cash the most. And Bitcoin Cash occupies the most place in the cryptocurrency.
Bitcoin cash is much better and bitcoin is a bit normal. Bitcoin Cash is a digital currency and Bitcoin Gold is a digital asset. So I support Bitcoin Cash the most. And Bitcoin Cash occupies the most place in the cryptocurrency.
By seeing the rank I think bitcoin cash is better than bitcoin gold. Bitcoin cash BCH is number #11, bitcoin gold is number #92. I agree with you bitcoin cash is digital currency and bitcoin gold is digital assets, I think I prefer in currency than assets.
When Bitcoin was created by Satoshi Nakamoto, Bitcoin was seen as an alternative to fiat that was heavily manipulated by the government. And the first official Bitcoin transaction as payment: 10K BTC for two pizzas. However, over time, under the influence of the media, of economic volatility, of the halving event, Bitcoin price has risen rapidly and is currently 1 BTC = $50K. Even according to PlanB's Bitcoin stock to flow model, Bitcoin price could reach $1M after the upcoming halving in 2024: https://decentrader.com/charts/stock-to-flow-model/(https://i.imgur.com/4AzU63P.jpg)
As such we will be very difficult to use Bitcoin in daily payments. I know that if BTC price reaches $1M, 1 satoshi = 1 cent, still completely meets the need for payment, but the transaction cost will also be huge, not just about 25 USD/transaction as currently. SegWit/Lightning Network is not currently able to help reduce the BTC transactions fee.
It can be seen that the higher the Bitcoin price, the farther Bitcoin is from the payment feature.
Now, when we fear that our current Bitcoin spending will turn into huge regret in the future, we can only consider Bitcoin as an asset to invest or to reserve, or to pay for large amounts between corporations and between countries. So Bitcoin is closer to gold than to cash.
Currently, the definition of "Bitcoin is digital gold" is widely accepted and makes Bitcoin more understandable to the community.
So is this the time for us to accept a new existing value of Bitcoin: gold, not cash? Do you think Bitcoin is ready to hand over the mission of cash to altcoins, including BitcoinCash, to become digital gold of global economy?
I think gold and bitcoin are two different things.Gold is an object that you can hold or touch and wear. But that is not possible with Bitcoin. Bitcoin can only be tasted but not touched or touched.However, people now compare a lot of gold with Bitcoin.However, in my opinion, I think bitcoin is more acceptable than gold. Because bitcoin is one of the best cryptocurrency coins.So in your opinion is Bitcoin suitable for reserves like gold instead of a means of payment like cash? I think in the future, layer-2 analog solutions will be applied and then we will use satoshi for easy and cheap daily spending.
I think gold and bitcoin are two different things.Gold is an object that you can hold or touch and wear. But that is not possible with Bitcoin. Bitcoin can only be tasted but not touched or touched.However, people now compare a lot of gold with Bitcoin.However, in my opinion, I think bitcoin is more acceptable than gold. Because bitcoin is one of the best cryptocurrency coins.
If the price of Bitcoin has gone up like this then I chose gold for my investment because the price of Bitcoin is already at the peak and it is difficult to continue to climb if you look at the history of the Bitcoin price.
Gold is probably the best choice because gold is definitely the price not going up and down too fast and is usually said to be stable, instead the price of gold keeps going up and when Bitcoin starts to dump then the gold is sold to Fiat and traded to Bitcoin.
Bitcoin cash is much better and bitcoin is a bit normal. Bitcoin Cash is a digital currency and Bitcoin Gold is a digital asset. So I support Bitcoin Cash the most. And Bitcoin Cash occupies the most place in the cryptocurrency.
By seeing the rank I think bitcoin cash is better than bitcoin gold. Bitcoin cash BCH is number #11, bitcoin gold is number #92. I agree with you bitcoin cash is digital currency and bitcoin gold is digital assets, I think I prefer in currency than assets.
Please read again exactly what the thread starter wanted to say. Both -1
If the price of Bitcoin has gone up like this then I chose gold for my investment because the price of Bitcoin is already at the peak and it is difficult to continue to climb if you look at the history of the Bitcoin price.
Gold is probably the best choice because gold is definitely the price not going up and down too fast and is usually said to be stable, instead the price of gold keeps going up and when Bitcoin starts to dump then the gold is sold to Fiat and traded to Bitcoin.
You're right, I think gold is more stable, but It is more popular than bitcoin. I think It is really difficult to change the habbit. Because Almost all of the world believe the gold. Bitcoin will be more popular,but It will take several years again to beat gold..O personally prefer in bitcoin than gold.If it is a popular question, it is clear that gold is not and is difficult to beat, because it is in everyone's mind that gold is an investment that can also be used as jewelry or accessories for everyone, especially women. in some parts of the world it has even become a sign that people who use gold are rich.
You're right, I think gold is more stable, but It is more popular than bitcoin. I think It is really difficult to change the habbit. Because Almost all of the world believe the gold. Bitcoin will be more popular,but It will take several years again to beat gold..O personally prefer in bitcoin than gold.If it is a popular question, it is clear that gold is not and is difficult to beat, because it is in everyone's mind that gold is an investment that can also be used as jewelry or accessories for everyone, especially women. in some parts of the world it has even become a sign that people who use gold are rich.
Gold is also very low risk of loss if you want to sell again, very different from bitcoin which is a high risk, may not be controlled by its price.
but behind the high risk to bitcoin there is a bright side if you get a very large profit.
honestly if you can and have funds then both can be used as anticipation and investment for the future, if bitcoin loses then there is still gold at a stable price.
When Bitcoin was created by Satoshi Nakamoto, Bitcoin was seen as an alternative to fiat that was heavily manipulated by the government. And the first official Bitcoin transaction as payment: 10K BTC for two pizzas. However, over time, under the influence of the media, of economic volatility, of the halving event, Bitcoin price has risen rapidly and is currently 1 BTC = $50K. Even according to PlanB's Bitcoin stock to flow model, Bitcoin price could reach $1M after the upcoming halving in 2024: https://decentrader.com/charts/stock-to-flow-model/Yeah Al that sounds pretty crap to me, Looks like BT aint for me either. The current price of Bitcoin is around 60. Nowadays all over the world from shopping to office pay is being paid with this bitcoin. The amount of bitcoin investments around the world has increased a lot. So in 2024, Bitcoin is expected to reach a very good place.(https://i.imgur.com/4AzU63P.jpg)
As such we will be very difficult to use Bitcoin in daily payments. I know that if BTC price reaches $1M, 1 satoshi = 1 cent, still completely meets the need for payment, but the transaction cost will also be huge, not just about 25 USD/transaction as currently. SegWit/Lightning Network is not currently able to help reduce the BTC transactions fee.
It can be seen that the higher the Bitcoin price, the farther Bitcoin is from the payment feature.
Now, when we fear that our current Bitcoin spending will turn into huge regret in the future, we can only consider Bitcoin as an asset to invest or to reserve, or to pay for large amounts between corporations and between countries. So Bitcoin is closer to gold than to cash.
Currently, the definition of "Bitcoin is digital gold" is widely accepted and makes Bitcoin more understandable to the community.
So is this the time for us to accept a new existing value of Bitcoin: gold, not cash? Do you think Bitcoin is ready to hand over the mission of cash to altcoins, including BitcoinCash, to become digital gold of global economy?
@Ferki Bitcoin has always been the best asset for many years, but the traditional asset cannot compare with it. This pushes Bitcoin closer to the concept of "digital gold".
Bitcoin Cash is the best because in the crypto market soon go high and touches the sky and that time the Bitcoin Cash holders will make good money at that time.totally agree with your statement that BCH will increase, of course it will be a question in itself when you say you will touches the sky. we know BCH earns ATH at $ 3,785.82 - Dec 20, 2017 (about 3 years). Currently all are up and some are gaining ATH, but BCH only touched $ 717 in February 2021 yesterday and is now down again. I can't conclude from what you said. but it is true in crypto nothing is impossible everything can happen. we will wait for further developments.
Bitcoin is the reserve gold of "our" system. Bitcoin Cash, not a fan, regardless of improved fees. Branding of BCH kill's it for me, don't consider it gold
When Bitcoin was created by Satoshi Nakamoto, Bitcoin was seen as an alternative to fiat that was heavily manipulated by the government. And the first official Bitcoin transaction as payment: 10K BTC for two pizzas. However, over time, under the influence of the media, of economic volatility, of the halving event, Bitcoin price has risen rapidly and is currently 1 BTC = $50K. Even according to PlanB's Bitcoin stock to flow model, Bitcoin price could reach $1M after the upcoming halving in 2024: https://decentrader.com/charts/stock-to-flow-model/Bitcoin is a virtual cryptocurrency currency. Which in reality has no form Bitcoin transactions can only be done online Gold is actually a substance. But Bitcoin is a completely virtual currency.I prefer bitcoin to gold This is because the price of Bitcoin continues to rise but on the other hand the price of gold remains stable.So what would I want bitcoin instead of gold.(https://i.imgur.com/4AzU63P.jpg)
As such we will be very difficult to use Bitcoin in daily payments. I know that if BTC price reaches $1M, 1 satoshi = 1 cent, still completely meets the need for payment, but the transaction cost will also be huge, not just about 25 USD/transaction as currently. SegWit/Lightning Network is not currently able to help reduce the BTC transactions fee.
It can be seen that the higher the Bitcoin price, the farther Bitcoin is from the payment feature.
Now, when we fear that our current Bitcoin spending will turn into huge regret in the future, we can only consider Bitcoin as an asset to invest or to reserve, or to pay for large amounts between corporations and between countries. So Bitcoin is closer to gold than to cash.
Currently, the definition of "Bitcoin is digital gold" is widely accepted and makes Bitcoin more understandable to the community.
So is this the time for us to accept a new existing value of Bitcoin: gold, not cash? Do you think Bitcoin is ready to hand over the mission of cash to altcoins, including BitcoinCash, to become digital gold of global economy?
You're right, I think gold is more stable, but It is more popular than bitcoin. I think It is really difficult to change the habbit. Because Almost all of the world believe the gold. Bitcoin will be more popular,but It will take several years again to beat gold..O personally prefer in bitcoin than gold.
Of course gold is more stable.But If you want to invest and way to get the big profit, I think Bitcoin is the best choice.Yep, it is true. Gold may be more stable, but Bitcoin can be more profitable. We all know that Bitcoin offers a bigger chance to take significant profits. People can multiply their funds very significantly in Bitcoin investment. Well, it is a risk as well, but if we know how to do it properly, we can deal with it.
The price of bitcoin has increased significantly and with it the cost of transactions has increased, which makes bitcoin as a means of payment inaccessible to many users. And it is absolutely true when we say that bitcoin is a good tool for preserving and multiplying its assets. And bitcoin is even better than gold.
You're right, I think gold is more stable, but It is more popular than bitcoin. I think It is really difficult to change the habbit. Because Almost all of the world believe the gold. Bitcoin will be more popular,but It will take several years again to beat gold..O personally prefer in bitcoin than gold.
Of course gold is more stable.But If you want to invest and way to get the big profit, I think Bitcoin is the best choice.
Bitcoin is more risk but also.more profitable. It depend on your decision, Because I think every business have risk.
No that was plan to dump market is bullish don't sell in panic bitcoin will touch 70k next bull run Telsa will buy back soon just buy and hold them for few month 2022 bitcoin will explode it will touch 100k easily for that its time to buy bitcoin hold them for long term after that have tour to dubai <3The fact is that the cryptocurrency market has been considered more stable for a long period than it was a few years ago. Based on this, it would be a big mistake to think that the bull run will end very quickly. I believe that the bullish trend will continue not only until the end of 2021, but also next year.
The fact is that the cryptocurrency market has been considered more stable for a long period than it was a few years ago. Based on this, it would be a big mistake to think that the bull run will end very quickly. I believe that the bullish trend will continue not only until the end of 2021, but also next year.last year the movement of bitcoin was due to the influence of @elonmusk and it was clear, when entering 2021 there was a slight correction and it didn't happen like 2018, which indicated that the @elonmusk effect was clearly felt. to note that this year should be the halving effect will occur, then the price is still moving.
Currently the price of Bitcoin cash is pumping much higher.I think bitcoin is cash more than gold at present Most are invested.Due to which everyone is given more products to Bitcoin cash.
Todo el mundo está dando prioridad al bitcoin actual. Porque cuanto mayor sea el precio de Bitcoin, mayor será la comisión. Todo el mundo ama a Bitcoin porque Bitcoin es el rey de todas las monedas. Se espera que el precio de Bitcoin alcance los 80 mil dólares. Los precios de Bitcoin han estado cayendo constantemente desde la primera fase de la epidemia.Hi @Nusrat, it looks like you posted the wrong post on the English board while what you posted is in Spanish if I'm not mistaken. then it is wiser for you to be able to delete your post because you are in the wrong room, this is not a Spanish board.
Currently the price of Bitcoin cash is pumping much higher.I think bitcoin is cash more than gold at present Most are invested.Due to which everyone is given more products to Bitcoin cash.I also think this time is suitable for holding bitcoin cash Currently the price of all cryptocurrencies along with Bitcoin is rising at a rocket speed.The way Bitcoin prices have risen since the beginning of this year has seen the prices of all other currencies rise at the same rate.Bitcoin Cash is currently priced at 935$. It is expected to touch 1000 $ very soon.