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[AudraMiller]

There are many people that consider bitcoin and gold to be completely different and as a result they are looking at either investing in one or the other. Many people have asked the question about whether bitcoin is better than gold or not. However recent analogy that was made by the CEO of immutable holding shows that bitcoin should not actually be compared to gold but rather that it should be considered as the second new and improved version of gold. In fact he has referred to bitcoin has been gold 2.0. This is a very interesting analogy because not only does it show that bitcoin is better than gold but it also shows that it provides many improvements that people need to be made aware of. Do you agree with this analogy and how do you think it will impact the market for gold in the future?

 

[07Trinity]

There is bitcoin and there is gold,but the volatility in gold is unmatched compared to Bitcoin,as a forex trader I can tell you how lots of people shy away from trading gold.

 

[BullyMaguire]

I don't think so.. Bitcoin is the first crypto currency.. on other crypto maybe it can be said.. is this the next Bitcoin? But gold and Bitcoin is different and well maybe in terms of investment.. no Bitcoin is far better i think not just the next gold

 

[Flower]

I couldn't agree less but what comes to my mind is the volatility rate of gold and bitcoin. Could it be that the volatility rate is an improved feature that was introduced in bitcoin creation.

 

[Brain]

I know a lot of people are investing more in Bitcoin especially those in this generation which is the youthful ones but I know the oldies are still seeing the potential of gold. But gold is still a treasure

 

[Kundarik Ash]

Bitcoin is limited in quantity, with only 21 million Bitcoins ever to exist in the world. It thus retains its relative value just as gold. It is also secure, decentralised and highly efficient for transactions.

 

[Wisdom01]

To me Bitcoin is not the next version but a different one ,the innovation in Bitcoin is actually more different and a lot of institution are utilizing the benefits

 

[Balint098]

Can't really be compared since gold is real, while bitcoin is purely digital. Instead of arguing, why don't just invest into both gold and crypto at the same time.

 

[lavishman]

Well no there is nothing like the feeling of having gold in your hands. Feeling of safety and security. It can also always be transformed into jewelery and BTC cant so it's price dependency is better than BTC

 

[Bisola]

There are many people that consider bitcoin and gold to be completely different and as a result they are looking at either investing in one or the other. Many people have asked the question about whether bitcoin is better than gold or not. However recent analogy that was made by the CEO of immutable holding shows that bitcoin should not actually be compared to gold but rather that it should be considered as the second new and improved version of gold. In fact he has referred to bitcoin has been gold 2.0. This is a very interesting analogy because not only does it show that bitcoin is better than gold but it also shows that it provides many improvements that people need to be made aware of. Do you agree with this analogy and how do you think it will impact the market for gold in the future?

We do wait things are going I think it's going will be the next gold in the nearest future because how many people are buying bitcoin and many people are selling so the market is now very competitive and bitcoin has been today for other cryptocurrencies and has a result of that and I'm very sure that bitcoin maybe the gold in the nearest future

 

[Bisola]

You're Right the fact that most of the people that are actually buying are just doing like they are in a crazy race and need to accumulate as much as they can without waiting more are making silly moves actually

On each dips you can buy and on each profits you can sell that allows you to have more profits and holdings then that off just holding it actually in wallets

And some people even pray for bitcoins with dip so that they will be able to buy the di but so cool I also pray for you to dip at times but you know what times you need money so it is not every time you will want bitcoin to dip and dip should have limits. That's what I want .

 

[Bisola]

Agree but most of the times it takes a serious dip ot requires atleast a patience of atleast 60-90% and if you just put money in such an option you just limit yourself to one thing and that money which could had been used to make higher is now invested in the market and that makes you keep holding it while no chance or guarantee of financial profits which makes things bad actually

Okay I understand your point so I think what you are trying to say is that whenever we have a spare money that we are not making use of we can just it to invest in Bitcoin okay instead of using the money we want to use to do other things right. I get you

 

[Yugocean]

I don't think bitcoin can be compared to gold. Firstly, gold can be bought both online and offline while bitcoin can only be bought online. Secondly, not all people across the globe know about bitcoin or other cryptocurrencies.

What do you mean by "all people across the globe" ?
Crypto has become a big name and hardly any known region is left which is untouched. Diffrent countries are either trying to regulate / legalize or ban it.

Bitcoin and Gold are different, but not this way. Bitcoin is Digital, so this info is too basic.

 

[Yugocean]

Gold is used in many physical elements, while Bitcoin is cryptography based codes on blockchain. It's just the value, we may say "digital gold" which only has existence in digital world (not even virtual world which is NFT.

But that is the difference it is having, it's always not possible to link and de link two different things.

 

[Ivanr01]

I dont think that the Bitcoin can be compared with the gold. It can reach the top and not push anymore. Like now it is 40k,maybe the top is 100k and this is level which cant be surpassed. Gold is metal,which is searched a lot and its price will grow and grow when the time comes.

 

[Niftyicon]

I dont think that the Bitcoin can be compared with the gold. It can reach the top and not push anymore. Like now it is 40k,maybe the top is 100k and this is level which cant be surpassed. Gold is metal,which is searched a lot and its price will grow and grow when the time comes.

It is all about demand and the top can only be determined by the supply. It is quite obvious that the demand for Bitcoin way surpasses that of gold and as the awareness increases, so does the demand. I wouldn't peg the top for BTC at any price but I would consider the fact that gold has alternatives that could actually keep its value stagnant for a long time.

 

[Ivanr01]

It is all about demand and the top can only be determined by the supply. It is quite obvious that the demand for Bitcoin way surpasses that of gold and as the awareness increases, so does the demand. I wouldn't peg the top for BTC at any price but I would consider the fact that gold has alternatives that could actually keep its value stagnant for a long time.

At least when you own gold,you know that this is real cash, not same like the crypto currency.. Gold is material which is going up and up for decades.. It is llong term investment,not like btc which had 1 pump and after that its prices ranges between 40-50k

 

[Niftyicon]

At least when you own gold,you know that this is real cash, not same like the crypto currency.. Gold is material which is going up and up for decades.. It is llong term investment,not like btc which had 1 pump and after that its prices ranges between 40-50k

The world we have found ourselves gives only little attention to what you own physically especially when the digital versions hold more value. Look at NFTs, some are worth jaw dropping amounts despite being intangible.
A time may come when your gold will only be sellable to goldsmiths because people have moved past it as an investment tool.

 

[Omileyi]

Iddon't think we all can agree that Bitcoin is the next version of gold. I'm saying this because we all know that Bitcoin is a currency while Gold is not a currency. So, they are two different things. And for the fact that they are two different things I don't think one can overcome one and they both appreciate. So it is cool to invest in both. But I personally do not think that Bitcoin is trying to be another Gold

There are many people that consider bitcoin and gold to be completely different and as a result they are looking at either investing in one or the other. Many people have asked the question about whether bitcoin is better than gold or not. However recent analogy that was made by the CEO of immutable holding shows that bitcoin should not actually be compared to gold but rather that it should be considered as the second new and improved version of gold. In fact he has referred to bitcoin has been gold 2.0. This is a very interesting analogy because not only does it show that bitcoin is better than gold but it also shows that it provides many improvements that people need to be made aware of. Do you agree with this analogy and how do you think it will impact the market for gold in the future?

 

[MayorKayz]

Bitcoin is better than gold. Gold has been in existence for a very long time now. But there has been very few impact of gold to the economy. It is only the countries that has gold that benefits from gold. But with bitcoin, it has helped some countries to improve there economy and also helped individuals and companies to become rich