BTC and Gold? - page 10. | Bitcointalksearch.org

Mpamaegbu

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Quote from: joniboini on May 22, 2019, 01:29:52 AM

Quote from: Mpamaegbu on May 21, 2019, 11:56:45 PM

Until then, there is no basis for comparison.

Bitcoin and Gold can be considered as a store of value. Both of them perceived to be valuable. Being traded on various exchanges, people hold it and hope they can get rich years later. They consider both of them as an investment. Bitcoin and Gold stock to flow ratio are relatively small. Their 'inflation' is decreasing, or stable for each time frame. To 'mine' them, you need a great resource.

That's some basis to compare them.

How do you console those who bought Bitcoin as a store of value in Dec 2017 during that ATH? The truth remains that Bitcoin is still evolving and may have the character of greatness. But until then, we can't really compare it with Gold. Can you be true to yourself with all sincerity that you can sell all your possessions and convert to Bitcoin as a store of value at this time? No?

Quote from: mk4 on May 21, 2019, 08:52:48 AM

In summary:

1. Gold is currently better as a store of value

I totally go with you on this.

Herbert2020

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Quote from: Nadziratel on May 21, 2019, 12:18:49 PM

One of the biggest points, gold is unlimited! I'm sure that even hundreds of years later, gold mining will be active. But Bitcoin is limited! Moreover, although the price of gold seems to be determined in the market, it is in fact closely related to the Dollar price.

actually, similar to bitcoin, gold also has a limited supply because there is a finite amount of gold available on earth. so unless we find another planet and start mining gold there or find a way to chemically alter other materials into gold (alchemy!) you can not say gold is unlimited.
as for mining, hundreds of years later bitcoin mining will still be ongoing and the reward will be half of half of .....half.

joniboini

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Quote from: Mpamaegbu on May 21, 2019, 11:56:45 PM

Until then, there is no basis for comparison.

Bitcoin and Gold can be considered as a store of value. Both of them perceived to be valuable. Being traded on various exchanges, people hold it and hope they can get rich years later. They consider both of them as an investment. Bitcoin and Gold stock to flow ratio are relatively small. Their 'inflation' is decreasing, or stable for each time frame. To 'mine' them, you need a great resource.

That's some basis to compare them.

Kakmakr

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I think the Bitcoin volatility is certainly influencing Bitcoin's ability to be a good "store of value". Yes, some might say that the average long-term price average is climbing, but the huge price differences in between the highs and lows, will scare long-term investors away from investing in Bitcoin.

Bitcoin also has some other technological use cases, like Smart contracts etc. that gives it more flexibility as an investment and let's not forget that it can be used as a currency. Wink

senin

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Quote from: mk4 on May 21, 2019, 08:52:48 AM

In summary:

1. Gold is currently better as a store of value
2. Bitcoin can be better as a store of value in the future if we reach high liquidity to significantly decrease price volatility
3. Both gold and bitcoin are both great assets, and both has their own pros and cons.

One can hardly agree with the opinion that Bitcoin is a better means of preserving value than gold. Bitcoin has a very high level of price volatility and so far there is no real chance to reduce it. The statement that over time, when Bitcoin will have greater value and liquidity, its volatility will decrease, is not based on nothing. It seems to me that with an increase in its price, the level of its price volatility will also increase. This means that Bitcoin will always be an unreliable means of preserving value.

cipherhut

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Comparison is good, but the future is of BTC as it is not only a digital asset but a revolutionary future which is going to impact everything for good.

bobsav2121

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Quote from: Dilerium90 on May 21, 2019, 10:03:42 AM

The temptation for many to buy bitcoin is that the issue of coins is limited. It really comparable some way to gold, because when Bitcoin reaches a huge capitalization, its value can be much higher. Another plus is volatility. On gold, you can not get rich or go bankrupt, as in Bitcoin.

How do we know that in 100 years people wont decide to create more BTC?

Mpamaegbu

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Quote from: bobsav2121 on May 21, 2019, 08:21:00 AM

Interesting article that talks about BTC vs Gold: https://cryptotradernews.com/cryptocurrency/is-bitcoin-the-new-gold/

Thoughts? Gold is tangible and can be used for other things other than storing value... It's also been around for a much longer time...

We can only begin to compare Gold with Bitcoin when the Bitcoin ETF is achieved and mass adoption will have happened. Until then, there is no basis for comparison. Gold is already steady and trusted and we all know the level of skepticism that is facing Bitcoin and how mist investors to even consider it a reliable store of value.

MMS2017

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I like bitcoin rather than gold because i am living in a digital world and we can predict the near future through extrapolation method of statistics but in case of gold i cant get much information regarding gold because people with gold experience matters. Gold is a commodity which is acceptable in the world but in case of crypto that become a matter of discussion every where.

darklus123

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Quote from: Potato Chips on May 21, 2019, 11:47:22 AM

The article was pretty generic imo, definitely not "interesting" in my eyes. There are others which have explored the topic more and are purpose driven at that.

Anyway, if this is about which is better, that would be subjective as it would depend on your purpose.

There is really no point in comparing this two type of things. We are no longer on the previous age where people consider bitcoin as an alternative to gold cause in reality it isn't and most of us right now have fully understood that both has different purposed.

Even if you have the same purpose it cannot still be a good comparison. Unless you compare having the same category. A stone to a stone and a crypto to a crypto

danipay

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I even think bitcoin is no longer like gold, but bitcoin is an asset like diamond.
or don't you know that bitcoin is worth 1 carat of diamond?

dmty.0809

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Currently bitcoin is better than any view, because bitcoin has changed the lives of many people a lot. Investing in bitcoin is more profitable than gold. Before there was bitcoin, gold was indeed in great demand for long-term investment.

uneng

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Do you want to store your money? Choose gold.
Do you want to invest and grow your money? Choose bitcoin.

Although there are many simultaneous characteristics, bitcoin and gold aren't the same, and in my opinion bitcoin isn't the evolution of gold as some people defend. One just for being physical and the other for being virtual makes the difference between them enormous.
Gold will be always superior for being a physical rare ore.

jhongzjhong

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It has been discussed here about this which better bitcoin and gold but I think you can't refuse one of them, they are both a profitable asset and have pros and cons. Yeah right the reply above of mine was right we don't need to choose one of them instead you can grab them all and keep as long as you can. Holding longer time will make these assets valuable stuff.

FlightyPouch

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I think BTC and Gold really have their own advantages and disadvantages. Not only because Gold is tangible the reason it is so popular and mostly used but because it is the used reserve of a country. We don't need to choose one of them, we can just invest in those two. That is what other people is doing, well they can afford to invest in a lot of assets.

Finestream

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Quote from: sunsilk on May 21, 2019, 05:30:58 PM

Quote from: Genemind on May 21, 2019, 11:38:53 AM

Do we really have to compare these two?

Actually we don't have to but as the market emerges, we can't avoid this kind of comparison on what's better and what's more useful. I personally would love to have both of it, I know how valuable gold is but I don't have it.

And now that I hold bitcoin, this seemed to be more precious to me because of that situation that I am with right now. There's no need to argue if bitcoin is the new digital gold of the century because we're the one that's labelling it like that. Overall, bitcoin and gold are both good investments.

Yes. There's no need to argue which is a better investment between gold and bitcoin because they are both great. Gold has been here a for a thousand years compared to bitcoin who is only 10 year old. But seeing the current price for bitcoin makes me think it's still the best. It would still be more profitable if we will have them both for investments.

pasarbtc

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gold its good, but bitcoin its great

sunsilk

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Quote from: Genemind on May 21, 2019, 11:38:53 AM

Do we really have to compare these two?

Actually we don't have to but as the market emerges, we can't avoid this kind of comparison on what's better and what's more useful. I personally would love to have both of it, I know how valuable gold is but I don't have it.

And now that I hold bitcoin, this seemed to be more precious to me because of that situation that I am with right now. There's no need to argue if bitcoin is the new digital gold of the century because we're the one that's labelling it like that. Overall, bitcoin and gold are both good investments.

minersday

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Quote from: bobsav2121 on May 21, 2019, 08:21:00 AM

Interesting article that talks about BTC vs Gold: https://cryptotradernews.com/cryptocurrency/is-bitcoin-the-new-gold/

Thoughts? Gold is tangible and can be used for other things other than storing value... It's also been around for a much longer time...

Why will people waste their time to compare Bitcoin to Gold when both are two different investment tools in the financial space. Tangible investment assets can't be compared to digital assets that can't be touched. Bitcoin is no way a new gold. The rate at which the market value of Bitcoin either decrease or increase is no way similar to that of Gold. In as much that Bitcoin is a investment tool, it can never be regarded too have similar characteristics as Gold.

oseikuf44

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Majority of traders assumed Bitcoins as online Gold but I think otherwise. Bitcoins being used as a store of value is more risky than Gold. Golf price over the years has proven to be a safe haven but not bitcoins.

Topic: BTC and Gold? - page 10. (Read 12088 times)