Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Abiodun on January 01, 2019, 10:30:19 AM
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Crypto venture capitalist Lou Kerner says Bitcoin is well on its way to becoming the new gold. Can bitcoin be compared with gold when its fully adopted.??
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well, that is exactly what the financial whales are looking for... BTC devs have focused almost only on price and finance and insist that BTC will be a store of value similar to "digital gold"... looking at BTC chart on these last weeks I seriously doubt they can build the investors trust with such volatility...
If we dream with the day when BTC is fully adopted (if that day eventually comes) we can imagine that it might become the new gold... but it is only speculation as we don't know if BTC will even reach this phase of mass adoption (if and when it comes) ...
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bitcoin can never be compared to gold.
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No it won't !
Cos there is a department called "Government" :)
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Crypto venture capitalist Lou Kerner says Bitcoin is well on its way to becoming the new gold. Can bitcoin be compared with gold when its fully adopted.??
I can't understand this thing what comparisation between gold and Bitcoin. Gold is a mine. And it has physical form. Bitcoin has no physical form, it is only digital. Cryptocurrency is different from other investment tools and money.
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I think bitcoin is pretty better than metal gold. Bitcoin when be accepted worldwide, it would be a global currency and must be valuable than gold.
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I think the answer is yes because Bitcoin and crypto were created with the ambition to replace current fiat and gold in storing value. But it will be in the future cause Bitcoin and crypto need to improve more to be able to replace fiat
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I think that as soon as we see the launch of platforms and the adoption of sec this year, institutional investors will immediately catch up to the market and we will see strong growth after which Bitcoin can rightly be called digital gold!
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new gold is very profitable if bitcoin changes, but the value will be much different, if gold is in the form of jewelry and can be used, if bitcoin is a digital coin, both of them cannot be compared, but both are equally beneficial
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The real question should be, do we really want that? Bitcoin adoption does not necessary means it becomes a store of value, the real Bitcoin mass adoption we want and needs is for Bitcoin to become the Worldwide main currency not just a store of value, Bitcoin is invented to be the main worldwide currency and it should remain like this or else we will lose the main reason Bitcoin comes to existence for.
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No, Bitcoin and another cryptocurrency is very different from gold. There is very little in common between them. First of all, Bitcoin represents itself virtual digital money with very high price volatility. Gold is the complete opposite of cryptocurrency.
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I think that Bitcoin can do it because Bitcoin and blockchain were created with the ambition of replacing the gold and fiat system
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For me, it's a big YES! Looking at bitcoins total supply, there is very limited amount and everyday, the supply is getting smaller. Unlike gold, there is a chance in the future that our astrologists will find a planet full of gold which may lead the gold price to deplete.
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I don't think that will happen, because the demand for Gold is more diverse than Bitcoin. Because, the use of Bitcoin is only two, namely for payment instruments and investment assets. While the demand for gold is actually more than the industrial sector, both jewelry and electronic devices.
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If I think Bitcoin will exceed the price of gold, because the supply of Bitcoin cannot be added anymore, while gold is a natural product whose number has no limit, so Bitcoin is a very valuable asset that has no two.
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Yes it can be possible to compare bitcoin with valuable metal gold. Bitcoin when fully adopted then bitcoin would far far better than gold.
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In the essence of digital ways bitcoin is the newest gold in the world that minding by the people around the world whom connected to internet and to bitcoin. If ever the mass adoption of bitcoin happen sooner or later, there will have something to be change between actual and digital market transactions.
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In 2017 bitcoin something better than gold and diamond but now gold is better than bitcoin. Again when market fully adopted then we consider bitcoin is better than gold.
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The only comparism I can see between gold and bitcoin is the fact that gold can be seen as a store of value as bitcoin is a store of digital value(asset) also.
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I think the answer is yes because Bitcoin and all crypto were created with the ambition of replacing fiat and gold, but Bitcoin need to be more stable to replace gold in the future
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I don't think it is necessary to compare bitcoin and gold because they are different. Do you compare in terms of value, but you also have to look at the risks.
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After fully adopted bitcoin not only gold but also platinum also. But now bitcoin never compare with gold or platinum even only bitcoin.
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It’s very difficult to compare bitcoin and gold since the two represents different entities. And also have their various mode of operation. Gold is actually a commodity which can be used in making several things unlike bitcoin which is a virtual digital currency.
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I myself have the assumption that Bitcoin cannot be compared with Gold.
Because it's like this, Bitcoin can go down in price to 1 USD in a few hours and can go up to 15,000 USD.
Maybe if gold would not be like that because the supply is also almost all countries have it, while Bitcoin is not owned by the state.
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In my opinion Bitcoin is not only comparable to gold, in my opinion Bitcoin is more than gold, because supply cannot be added and can also be used anywhere without anyone managing it, whereas gold can still be mined, because gold is the result of natural processes