Quote from: pitiflin on August 14, 2017, 05:50:29 PM

Quote from: donbu7 on August 12, 2017, 03:13:08 PM

I've been analyzing all this happening with bitcoin and I'm coming to the following conclusion:

Before the most important asset was the gold in which everyone wanted and possessed, the governments were displacing gold with money a centralized asset which lost its value day by day.

Bitcoin is an asset that goes up in price for all the features that Satoshi thought and gave to it.

Today there are hundreds of altcoins and for sure there are some that are much better than bitcoin, and that these will be more used than bitcoin in the future, but bitcoin will be the king of all the new digital gold. People will use other altcoins as well, but the savings and investments will be in bitcoin, and this is for the simple reason that it was the first altcoin, and that people believed in it from its beginnings.

The bitcoin is here to stay and has created a revolution in the monetary system around the world. And we can be proud to be living the moment when this is happening.

Bitcoin is heading to $4,000 usd per coin and I am sure that the price of bitcoin in 3 years will be exponentially higher than is today.

In Bitcoin we trust, god bless you all

So bitcoin is the new god(like the saying "In god we trust and god bless you all" idk much about it so don't kill me). I don't know how many million gods people create every day . But bitcoin being the new gold may or may not be possible. Agreed that all the things you said are somewhat true but bitcoin is not assured of replacing gold, bitcoin has good features but gold is something that will take years to get replaced even if it gets extinct. But the Price of bitcoin it's going to increase which i can assure you.

God was just mentioned as a sort of expression. It is amazing how bitcoin surpassed gold value. Right now gold cannot be easily replaced as it is also basis of each nations currency circulation. But what we have to understand is that the gold circulation around the globe is worth in trillions of dollars (currently at 7 trillion?) compared to bitcoin at 70.7 billion dollars.