As bitcoin becomes trendy and the most awaited form of investment these past few years, I don't really see bitcoin becoming a competitor of diamond. Diamond is not valued because of decentralization unlike bitcoin where the price of diamond will not be lesser than what it is now. Bitcoin otherwise is a form of investment that has a high percentage of making a profit. No need for bitcoin vs diamond data after all.
There should be no comparison for these because diamonds make up for their value based on their rarity, one good example would be the Pink Diamond. Unlike bitcoin they are valued based on demand for market and that says a lot for the difference because in my opinion, diamonds are just luxury items while bitcoin is more like a investment oriented commodity.
Topic: Bitcoin and Diamond (Read 269 times)
I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
You can't find one cause there is totally none. I think it is incomparable to bitcoin, diamonds are not priced just because it is called diamond but because it has a unique properties and rarity, In fact it has a level of rarity in terms of gemstones. Imagine that these stones are formed million and billions of years, enough for us not to compare it with bitcoin. I think that you didn't search for one! If you did you would find https://cedex.com/, they are just one of the crypto projects that is trying to combine diamond and crypto industry together. Some of them even had bounty here on the forum if I remember. You can search more about them with simple search on google.
Companies are working on this for years, combining precious metals and crypto in various ways. Some bound coin value with gold, some have trading options for some of them. You need to search for them because many of them are not popular yet and many people don't know about them.
As bitcoin becomes trendy and the most awaited form of investment these past few years, I don't really see bitcoin becoming a competitor of diamond. Diamond is not valued because of decentralization unlike bitcoin where the price of diamond will not be lesser than what it is now. Bitcoin otherwise is a form of investment that has a high percentage of making a profit. No need for bitcoin vs diamond data after all.
There should be no comparison for these because diamonds make up for their value based on their rarity, one good example would be the Pink Diamond. Unlike bitcoin they are valued based on demand for market and that says a lot for the difference because in my opinion, diamonds are just luxury items while bitcoin is more like a investment oriented commodity.
Any economic curve on those two against demand would make the curve go parallel in every aspect. The two are just incomparable, bitcoin and diamonds are completely different assets. I don't know how people would be caught in dilemma as to whether to invest in diamond or bitcoin.
I think diamond is a good investment for many people though there are no general purpose for diamond save for some technical thingies. It is more like an artwork rather a commodity. It is better than btc I think because it is more on rarity and quality of the diamond you have(save for the quality is the size of your diamond).
diamond is really a good investment but why you said diamond has no real purpose ? it does have bro . diamond is used on cutting glasses or other solid things as far as i know and its also been used as accesory or to create a jewelry and so many more . you can also keep it and make it like an investment same as other assets . its not an artwork lol , when i hear the word artwork the first thing come to my mind is a painting . but your last sentence is true , diamond is indeed rarer than btc but btc still have many supply and can easily be obtainable
I think diamond is a good investment for many people though there are no general purpose for diamond save for some technical thingies. It is more like an artwork rather a commodity. It is better than btc I think because it is more on rarity and quality of the diamond you have(save for the quality is the size of your diamond).
so if it's not like a commodity, why is the price still expensive, is it the same as the OP's emotion, which makes it expensive.
people will look fancy and be seen if they use diamonds.
maybe for people who have millions of $ it's not a difficult thing to buy, but ordinary citizens are totally useless, even for investment. better buy commodities like gold, silver, or anything else that will provide added value in the future.
In my opinion, we need to stay away from this kind of comparison, there is certainly a huge difference between Bitcoin , Diamond, Gold, Silver and even FIAT and of course all of them are valuable for us.
In fact, remember that Diamonds are really expensive and not available to everyone, so it is not that easy to make a demand supply curve also the market of diamonds is really different comparing to crypto.
Well the very reason why these things are being compared is because of the value and volatility it contains not necessarily the exact thing or how they appear on everybody. I want to exclude the fiat from the things you have given since we can just print it out in a thin air. Precious metal and stones such as diamonds, gold and silver is tangible and the costs of it depends on their physical properties that is why diamond is more expensive than gold and gold is more expensive than silver. However, bitcoin is included because it also stores a value like the said metal and stones. What only differs the bitcoin to the other is the volatility it contain which is higher than the diamonds, gold and silver.In fact, remember that Diamonds are really expensive and not available to everyone, so it is not that easy to make a demand supply curve also the market of diamonds is really different comparing to crypto.
In fact, remember that Diamonds are really expensive and not available to everyone
Diamonds are expensive but the amount is always is always the monetary equivalent that is why it has a least amount called carat, where in bitcoin it is called satoshi. 
In my opinion, we need to stay away from this kind of comparison, there is certainly a huge difference between Bitcoin , Diamond, Gold, Silver and even FIAT and of course all of them are valuable for us.
In fact, remember that Diamonds are really expensive and not available to everyone, so it is not that easy to make a demand supply curve also the market of diamonds is really different comparing to crypto.
In fact, remember that Diamonds are really expensive and not available to everyone, so it is not that easy to make a demand supply curve also the market of diamonds is really different comparing to crypto.
Only rare diamonds are considered a store of value and people are no interested to invest in synthetic diamonds. It's a little like people buying USD but if they know there are a lot of USD banknotes circulating they won't be interested to buy anymore.
The truly valuable diamonds are far beyond the means of normal buyers.
What you're left with is what De Beers has hoarded out the back and is selling on the high street. And that is not a store of value. The chances are good that you will not recover the money you put into it. They'll always be worth something to someone. That is not what most people would be looking for if they have an investment mind set.
No, we can't both Bitcoins and diamonds have limited supply, but Bitcoin is utility. So they are bought for different purposes and shouldn't be compared.
Since they invented synthetic diamonds we can't longer say it has a limited supply. And it has properties superior to the naturally formed diamonds. People can't make the difference between natural and synthetic and unless you see the label 'Treasure Chest Grown' you won't know what you're buying... because yes, you can find some into jewelry stores but of course they don't tell you clearly.
Only rare diamonds are considered a store of value and people are no interested to invest in synthetic diamonds. It's a little like people buying USD but if they know there are a lot of USD banknotes circulating they won't be interested to buy anymore.
Hell yeah, Imagine the cost of real diamond, about $4000 a carat compare with the cost of synthetic diamond that costs $800 a carat, the price already spoke the truth about it. 
No, we can't both Bitcoins and diamonds have limited supply, but Bitcoin is utility. So they are bought for different purposes and shouldn't be compared.
Since they invented synthetic diamonds we can't longer say it has a limited supply. And it has properties superior to the naturally formed diamonds. People can't make the difference between natural and synthetic and unless you see the label 'Treasure Chest Grown' you won't know what you're buying... because yes, you can find some into jewelry stores but of course they don't tell you clearly.
Only rare diamonds are considered a store of value and people are no interested to invest in synthetic diamonds. It's a little like people buying USD but if they know there are a lot of USD banknotes circulating they won't be interested to buy anymore.
No, we can't both Bitcoins and diamonds have limited supply, but Bitcoin is utility. So they are bought for different purposes and shouldn't be compared.
I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
Diamonds are not precious metal, it's a special stone and the value ios given by the rarity of it, the same is with gold, silver or any other precious thing. Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
Bitcoin and diamond are different things. Diamond could be an investment but its market value is a bit stagnant. Bitcoin on the other hand is a digital currency, its market value is volatile, meaning, its price is changing from time to time. Both could be an investment and both has their own advantages. Diamond is less risky as an investment compared to Bitcoin. Diamond, same as gold, could be a long term investment. Bitcoin can also be good for long term investment but it is just that the price of Bitcoin is more active, making the risk bigger compared to other investments.
basically diamond is only used as jewelry. if not mistaken, diamonds are made with a collection of carbon bonds. however, people see that a beautiful diamond shape makes it quite expensive. however, I think that is out of line with bitcoin. however, a diamond does not have volatile prices like bitcoin. I think gold is the most suitable thing compared to bitcoin.
Diamond can also be an investment. Its market price is increasing, and though it is more often used in jewelry. Gold is only alike to Bitcoin, in a sense that it is good for long term investment but these two are also different in many aspects. Gold's market price is more consistent than the price of Bitcoin so it is still "off" to compare these two.I have no idea if you are trying to talk about Bitcoin diamond fork or integrating bitcoins with diamond as a while .
One should understand that diamond , gold , silver and other precious metals do have the same base value and therefore it is the same with gold , diamonds are really cheap in reality but people tend to overpay it because of the marketing .
But at the end of the day it's considered a rare thing and I do think bitcoins is the same .
Therefore It is the same for gold .
It also confused me. I just stated the difference bwtween bitcoin and diamond, but I have no idea with bitcoin diamond fork. The title of this topic is a bit apart from the content if ever he is really referring to bitcoin diamond fork. One should understand that diamond , gold , silver and other precious metals do have the same base value and therefore it is the same with gold , diamonds are really cheap in reality but people tend to overpay it because of the marketing .
But at the end of the day it's considered a rare thing and I do think bitcoins is the same .
Therefore It is the same for gold .
The diamond market has got to be one of the greatest and hokiest plays of all time.
How a market cornered by one entity that managed to convince millions of people to part with large amounts of money they will never recover AND with viable artificial versions now available is considered in the context of real finance is beyond me.
It strikes me as a weird little dead end that lives in a world of its own.
How a market cornered by one entity that managed to convince millions of people to part with large amounts of money they will never recover AND with viable artificial versions now available is considered in the context of real finance is beyond me.
It strikes me as a weird little dead end that lives in a world of its own.
I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
You can't find one cause there is totally none. I think it is incomparable to bitcoin, diamonds are not priced just because it is called diamond but because it has a unique properties and rarity, In fact it has a level of rarity in terms of gemstones. Imagine that these stones are formed million and billions of years, enough for us not to compare it with bitcoin. 
basically diamond is only used as jewelry. if not mistaken, diamonds are made with a collection of carbon bonds. however, people see that a beautiful diamond shape makes it quite expensive. however, I think that is out of line with bitcoin. however, a diamond does not have volatile prices like bitcoin. I think gold is the most suitable thing compared to bitcoin.
I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
If I think as per your mentality - Bugatti and Lamborghini should not be sold that costly because of their limited utility! Same goes for Gold as well! Not everything is priced based on their utility. There's something called "rarity" as well! Original diamonds are very rare and that's what makes them precious.
Secondly, diamond has a astrological value as well. Around the world, diamonds are being used for astrological purpose. If you are not very familiar with this, you can do some google search to know.
We can definitely create a demand supply curve for both bitcoin and diamond and what's the reason for doing it? Can you come to any conclusion as to why you need it?
Very true especially in south asian countries the diamond is treated as one of the 9 gem stones which creates a huge demand and utility and people thinks wearing diamond ornaments as social status or to show off to other people who not very wealthy. There are also some industrial usage for diamonds but less compared to gold.
There is three things involves with the previous metals utility, rarity and store of value. But BTC so far widely believed as store of value amongst the crypto community and the other two are less penetrared
There is a big difference between the two, one is volatile and the other is not. Diamond has its rarity and unique characteristics that is why it is deemed to be precious and an important possession that has a big value. Unlike Bitcoin, Diamond can withstand the changes in the market for a very long time because, it does not solely based in its supply and demand, the only factor that would indicate its price is from its own design. It is less influenced by its supply because, the demand for Diamond is always high like Gold and other precious materials.
But, I believe that someday, Bitcoin will also rose up like Diamond in the future, never to be compared and rare.
But, I believe that someday, Bitcoin will also rose up like Diamond in the future, never to be compared and rare.
There is absolutely no connection at all because they are totally two different things and they can't be compared at all. I personally think that diamond is not as low value as people think it is, we give it a value when we are getting married or when we buy a gift and so forth and that makes it valuable, just because it is made from coal or just because it has no real value in production and only has value when selling doesn't mean it has zero value, it still does because when sold it makes some money in diamond stores.
Long story short diamond is a good commodity but it is mostly just special day item and that's it. Bitcoin is a commodity that people can literally use for buying or selling stuff.
Long story short diamond is a good commodity but it is mostly just special day item and that's it. Bitcoin is a commodity that people can literally use for buying or selling stuff.
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