Is Bitcoin Cash or Gold now?

[IyemRoker]

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.

[Ferki]

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.

But you'd buy gold for a long term, wouldn't you?
Well, not even that can beat Bitcoin. Bitcoin is still the best asset since crypto existed.

Let me put the question differently, could gold ever rise 200% a year?

[Master107]

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

Hahaha... They were victims of read the topic title only and never mind the content. They need to change themselves not to deal the title alone rather to deal both topic title and the content before posting for better communication.

[pacar_tiri]

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.

[lepbagong]

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.

[KryptoBull]

@lepbagong Currently, I and many people who do not have much experience in the crypto field accept a new concept for Bitcoin: Bitcoin is digital gold. This concept is very simple and does not make people confused about Bitcoin's solvency because we also do not use gold for payment. I believe this will be Bitcoin's best concept to be more receptive to economy.

[Muneeb22]

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.

[Ferki]

If there are still questions about what is the best asset class in the last 10 years, here is the answer:



And that is 10 times better than second place

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.

230% against 1,5% per year, that says it all.

[jhm]

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

[Mj joy]

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/

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?

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.

[MrSpasybo]

@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".

@Muneeb22 I also quite like BCH because its transaction speed is better than BTC, however the community is more interested in BTC. BCH will probably take over the role of the "payment method" left by BTC.
Currently there are some projects as layer-2 for Bitcoin, they even develop smart contracts for BTC, BCH will have a lot of trouble to assert their value.

[Ferki]

@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".

Gold or cash was the question, right? Well, if Bitcoin is not money and gold is also an asset then the question is answered, isn't it?
Digital Gold is also  an asset, what did i say wrong?
Or did I misunderstand something, no idea

[innerpumper]

bitccoin is considered gold is the most plausible reason because of its limited supply. There are only 21 million in the world. Can't be added also reduced. not to mention if satosi nakamoto disappeared on his damaged computer could have saved hundreds of thousands or even a million bitcoins. However, if it is broken it will not be taken again by anyone. Maybe it's a natural way of burning the supply of bitcoin itself.

[lepbagong]

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.

[Master107]

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

If I'm not mistaken the OP content is all about "If Bitcoin is a cash or gold now."