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Topic: Bitcoin surpasses gold (Read 233 times)

sr. member
Activity: 1078
Merit: 270
August 20, 2021, 03:39:13 PM
#32
We cannot say this yet because there are still many countries that prohibit the circulation of bitcoin for widespread adoption.but if this can be realized then it is not impossible to say that bitcoin almost resembles gold or what is better called digital gold, because something has not been adopted. completely, it is very difficult for the public to use bitcoin widely.including for the community in general
sr. member
Activity: 1078
Merit: 270
August 20, 2021, 07:07:56 AM
#30
we can't say that because bitcoin currently has a very low price, Banyumanik coin has not been recognized or adopted by several countries so it is very difficult to say that bitcoin surpasses gold, but if it has been adopted by several countries and is recognized as a currency digital, then it is not impossible that bitcoin will be able to match gold in general
legendary
Activity: 2226
Merit: 1086
duelbits.com
August 20, 2021, 03:19:16 PM
#25
the more people who adopt it will certainly increase the price of bitcoin. especially if most countries legalize bitcoin, then I think bitcoin can easily surpass gold
I can't say that Bitcoin will easily surpass Gold, but surely it is possible to surpass Bitcoin. Although no guarantee that the Bitcoin value can be higher once most countries legalize Bitcoin, the chance of Bitcoin to have higher value will be bigger. You can imagine if there will be much positive news on social media every day, it probably triggers the massive increase in Bitcoin price.

hero member
Activity: 2268
Merit: 588
You own the pen
August 20, 2021, 06:01:15 AM
#24
Indeed, it is possible that in the future Bitcoin can reach $ 1 million, but we are also not too sure about gold that will just be left behind and as if it has no value anymore. Gold is indeed relatively stable, is it a big milestone for us to continue to show that the US can be more pro to crypto with all its systems that are still like this?

It might surpass gold in the future but we cannot be sure that gold will lose its value when that time comes. I personally believe when bitcoins become a global trend and create another non-stop ATH, the value of gold will dramatically subside because people will dump their gold to invest in bitcoins. Nevertheless, the era of cryptocurrency will officially be taken over the economy by that time and those who didn't invest in it will regret it big time when that happened.
hero member
Activity: 2730
Merit: 632
August 20, 2021, 05:59:14 AM
#23
Scott Malekner, the leading cryptocurrency market trader, believes that the price of Bitcoin "will cross the $1 million over the next 10 to 20 years" and that its market value will surpass the value of the gold market. Of course, Malekner noted that this situation is only possible if the U.S. Stock Exchange authorizes the launch of tradable funds. The move paves the way for institutions and investors to access Bitcoin, and as a result, Bitcoin can leave gold behind, he added.

Not really that fan on comparing a natural mineral of this world into something which had been created by man or simply been composed of codes.I dont see the point on why there are really
some people whom do really love to make out some comparison or making out some competition between these two things considering that they do really serve out different market.
Surpasses or not but still Gold would exist no matter what but for Bitcoin? We wouldnt know on how long it would really be existing.
Lets just cherish out its total relevance and utility for the meantime.
sr. member
Activity: 1288
Merit: 253
August 20, 2021, 05:53:58 AM
#22
bitcoin surpasses gold,? if it is said that bitcoin exceeds gold, it makes a lot of sense, because bitcoin is an asset of the future, because the price of bitcoin can be said to be very tempting, even though there is a risk of a drastic decline, but if the price increases, it can increase three times, the trend of rising world gold prices still continues while the price of bitcoin is still lying and struggling to rise. The decline in the price of crypto assets is one of the triggers for the increase in the price of precious metals to near the highest level in the last 5 months.
member
Activity: 1120
Merit: 68
August 20, 2021, 04:39:33 AM
#21
Didn't bitcoin already passed through the gold in terms of marketcap? I think that the bitcoin's next adversity is the biggest companies in the world like Amazon, Saudi Aramco and Tencent. Hopefully, I get to see that time when bitcoin goes up to a million and when that time comes, I hope to have a lot of bitcoin so I can profit from it's growth.
full member
Activity: 1554
Merit: 123
Buzz App - Spin wheel, farm rewards
August 20, 2021, 03:04:36 AM
#20
gold is very good in investing in the long term as well as bitcoin is very good in investing in the long term but what distinguishes gold and bitcoin is that the price of gold is stable and the price increase or decrease is not drastic in minutes but if bitcoin in seconds the price can change So if you invest in bitcoin, the risk is big and the profit is big.
member
Activity: 481
Merit: 10
August 20, 2021, 12:41:22 AM
#19
In my opinion bitcoin is digital gold, currently bitcoin is getting more and more in demand and many people believe that bitcoin investment is much more profitable than gold investment, but it must also be remembered that there are many risks that must be borne as well.
sr. member
Activity: 1176
Merit: 252
August 19, 2021, 11:33:47 PM
#18
As the king of cryptocurrency, bitcoin has brought the era of digital economy as well as the era of blockchain technology. Bitcoin has also brought a comprehensive innovation in the traditional currency industry. It is an important symbol of the evolution of currency from physical to digital. Bitcoin will occupy an important position, which also provides important support for the value.
With the development of the blockchain, the consensus of Bitcoin has been continuously strengthened. Many people have realized the benefits and innovation of Bitcoin, and the value of Bitcoin has been recognized and recognized by more people. The value and characteristics of Bitcoin itself also have its ideas and consensus,it has sufficient conditions to become an important asset reserve in the digital economy.

Bitcoin had a different view in traders as compared to others. Both experience and new traders will buy and sell bitcoin. But the capacity or quantity of bitcoin vary. And the profit percentage is very simple. It's depond the market and not by the individual. The holders of bitcoin should old till the price pump in market.
jr. member
Activity: 49
Merit: 14
August 19, 2021, 10:43:44 PM
#17
As the king of cryptocurrency, bitcoin has brought the era of digital economy as well as the era of blockchain technology. Bitcoin has also brought a comprehensive innovation in the traditional currency industry. It is an important symbol of the evolution of currency from physical to digital. Bitcoin will occupy an important position, which also provides important support for the value.
With the development of the blockchain, the consensus of Bitcoin has been continuously strengthened. Many people have realized the benefits and innovation of Bitcoin, and the value of Bitcoin has been recognized and recognized by more people. The value and characteristics of Bitcoin itself also have its ideas and consensus,it has sufficient conditions to become an important asset reserve in the digital economy.
jr. member
Activity: 60
Merit: 5
August 19, 2021, 10:14:23 PM
#16
I personally think that Bitcoin's value transfer and value preservation properties have advantages over gold. Currency as a technological product is constantly evolving, from paper money to electronic products. Now the Internet and blockchain technology have brought us into the digital age, especially now that young investors prefer this field, prefer this kind of convenience and security, so I think it’s only a matter of time before the market value of Bitcoin surpasses gold,and the time will not be very long, in the expected time.
legendary
Activity: 3472
Merit: 10611
August 19, 2021, 10:10:25 PM
#15
Scott Malekner, the leading cryptocurrency market trader,
In other words some random dude which nobody cares about.

Quote
believes that the price of Bitcoin "will cross the $1 million over the next 10 to 20 years"
Repeating one of the oldest price predictions...

Quote
and that its market value will surpass the value of the gold market.
Bitcoin has to reach around $500k in the next 10-20 years to surpass Gold market capitalization. Which by the way means nothing.

Quote
Of course, Malekner noted that this situation is only possible if the U.S. Stock Exchange authorizes the launch of tradable funds.
This is nonsense because for starters bitcoin has been going up millions of percentage without any of that and in the future the continuation of this rise doesn't need it either. Secondly believe it or not there is an entire world beyond US with 7.3 billion people in it.
legendary
Activity: 2226
Merit: 1086
duelbits.com
August 19, 2021, 06:57:08 PM
#14
for now we do not dare to think so because with the prohibition of bitcoin from various countries so that we have not been able to equate bitcoin with gold in general
Why not? Nothing wrong with predicting or assuming "Bitcoin can surpass Gold". Even some countries ban or prohibit Bitcoin, it cannot stop Bitcoin to develop. In the next 10 to 20 years, I am sure that the Bitcoin value can improve much higher than the current price. Moreover, if Bitcoin adoption continues well around the world. Then, we may see Bitcoin be the most recommended asset in the future. In this time, Gold will be left behind.  Wink

hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
August 19, 2021, 05:53:31 PM
#13
Another BTC vs Gold thread? BTC is superior to gold etc as an investment asset, but gold and other popular currencies are superior as payment methods. This is a fact and I don't think any of this will change anytime soon.

Also, his speculation about BTC crossing a million bucks over the next 10-20 years is just a wild speculation at the end of the day.
hero member
Activity: 2842
Merit: 772
August 19, 2021, 05:26:04 PM
#12
Scott Malekner, the leading cryptocurrency market trader, believes that the price of Bitcoin "will cross the $1 million over the next 10 to 20 years" and that its market value will surpass the value of the gold market. Of course, Malekner noted that this situation is only possible if the U.S. Stock Exchange authorizes the launch of tradable funds. The move paves the way for institutions and investors to access Bitcoin, and as a result, Bitcoin can leave gold behind, he added.


You just have to look as to who is Scott Malekner and obviously, he has incentives to tell us that bitcoin price will go to $1 million, he is after all a crypto trader.

As for the comparison, we don't need that, let the bitcoin market flows into its natural course. If it became $1 million in the future so be it. But one things for sure, bitcoin has already attracted a lot of investors and it's just a matter of time before we can breach all time highs in the 6 or 7 digit levels.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
August 19, 2021, 03:27:21 PM
#11
This is mere speculation but there are tendecies this speculation will be accurate.
50-50 chance, but bitcoin has big potential since it always broke it's records ATH after ATH. Bitcoin at +$60k becomes the 2nd top assets by market cap and the 1st is still gold. It's base here btw - https://companiesmarketcap.com/assets-by-market-cap
^ Well it could be but there is a high potential that the prediction will perhaps near happen. This has been always discussed here and done comparing both valuable assets --the bitcoin and gold. It is obvious gold is far behind bitcoin, the fixed limited supply of bitcoin in the first place will answer you if what if the mass adoption will still increase. Then for sure, the price of bitcoin will be hard to accumulate if this becomes expensive. But there is nothing wrong if you will hold both these two valuable assets.
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
August 19, 2021, 03:12:46 PM
#10
This is mere speculation but there are tendecies this speculation will be accurate.
50-50 chance, but bitcoin has big potential since it always broke it's records ATH after ATH. Bitcoin at +$60k becomes the 2nd top assets by market cap and the 1st is still gold. It's base here btw - https://companiesmarketcap.com/assets-by-market-cap
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
August 19, 2021, 01:55:46 PM
#9
I totally agree. If the US really does it btc will be above gold. And as we know gold is a high-level inflation protector, if investors leave gold and switch to btc does the dollar exchange rate change? if Yes, this will not be agreed upon by the US.
sr. member
Activity: 2016
Merit: 283
August 19, 2021, 01:41:13 PM
#8
That time will come to bitcoin but it takes too long because crypto market is so volatile and unlike stocks market whrein very stable, perhaps if there no manipulators in crypto market maybe it already happened or the value is now ahead in gold since bitcoin growth rate always skyrocketed to make all time high values especially if it's bullish season. But the fact that when it keep climbing there's always a chance for it to plunges so dip because of whales in the market and its makes bitcoin very slow to be honest . But yes it will happen very very soon in the future just keep believing in bitcoin, indeed there's no impossible on the crypto space so just keep waiting for it to happen.
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