Topic: BTC is scarcer than gold. - page 3. (Read 2074 times)
Yes, it absolutely is; however gold has more of a history of a store of value. But Bitcoin is also a better medium of exchange, not to mention its store of value potential isn't anywhere close to being fully realized yet.
Yes, gold continues to come out, many discover gold in many mines, bitcoin is limited to only 21 million and all the bitcoins that have been lost help make the price much more valuable, the more limited it is, the more value it will have, this is a economic law and it is the reason why bitcoin will remain alive and will reign over controlled fiat money, and despite the fact that many improvements are made to fiat money, it will not be able to touch the heels of bicoin, and gold only gives security and security to investments.
I have always considered Bitcoin more scarce than gold. First, it’s in limited supply and the demand for BTC has increased significantly over time. Also, it takes some technical ability to acquire crypto.
For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.
Because, it technically is. I mean there isn't a gold weight standard or amount standard, people talk about the current situation like "ounce" is good enough but it's really not because we could talk about it in kilos, in different shapes, even when we are talking about technological parts there are some which uses gold in it.For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.
So long story short, gold is not really talked about in just one single shape. Whereas 1 bitcoin is 1 bitcoin. That means we could have more bitcoin or less bitcoin than gold depending on how you see gold calculated as. Plus gold could still be found somewhere, in my nation there was a small amount found recently, worth nearly one billion dollars but that's small compared to how much we already have. Whereas bitcoin could never exceed 21 million.
Bitcoin
Gold
These are very few difference between bitcoin and gold.
Each one unique by its way and functionality.
- Bitcoin have limited supply.
- Growth in short term.
- Technology backed.
- Multiple usage.
- Highly volatile.
Gold
- Rare availability.
- Growth through years.
- Asset backed.
- Multiple (limited) usage.
- Less volatile.
These are very few difference between bitcoin and gold.
Each one unique by its way and functionality.
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Again with the comparison of BTC and Gold. It's like comparing apple to orange. Both have their own use and I don't see why they can't be on the same page. Gold for physical storage, peg fiat, in jewelry, in electrical components,... Did you know your computer can be extracted for a little of gold worth? Can BTC replace that? What next? Oil?
Although both are equally good to have (Bitcoin and Gold). But basically I very rarely make comparisons for the two even though I like both for future investment reasons. It's just that for the problem of profits in investments that I've ever run, then it can't be denied that Bitcoin can provide more profits even though the risk is also not small.But in the case of Gold, it is more of a physical asset storage whose profits are not much and can also decrease in value even though in a very small size, because the price of Gold also does not last like the value of fiat currency.
To be honest jewelries are the only real usage I see for gold myself. I suppose we can't wear a BTC as a necklace.
it is true gold is real jewelry that can be used and seen physically and can be used as an investment asset.but when compared with bitcoin with gold in terms of scarcity it is very different.
gold can be produced by the initial mining process taken from nature and is not limited in the amount of raw gold, supplies in nature cannot be calculated or predicted.
while bitcoin is much more rare because the number is limited and there are only 21 million pieces scattered around the world, it has also been predicted that there are only 2 million bitcoins left and if bitcoin mining continues until the supply runs out, bitcoin is right. rare.
it is true that gold is not rare. and the limits are uncertain. because even if the gold on earth runs out. then most likely gold on other planets is much more. different from bitcoin which is limited and only exists on this earth.
but still gold also has its own advantages considering the amount of gold used in the progress of this era. gold is widely used in real life not only as jewelry but also as an important component in making machines. in the construction of buildings and even in the manufacture of spacecraft.
gold and bitcoin have their respective advantages. but I am currently more interested in bitcoin as a means of my investment.
but still gold also has its own advantages considering the amount of gold used in the progress of this era. gold is widely used in real life not only as jewelry but also as an important component in making machines. in the construction of buildings and even in the manufacture of spacecraft.
gold and bitcoin have their respective advantages. but I am currently more interested in bitcoin as a means of my investment.
Again with the comparison of BTC and Gold. It's like comparing apple to orange. Both have their own use and I don't see why they can't be on the same page. Gold for physical storage, peg fiat, in jewelry, in electrical components,... Did you know your computer can be extracted for a little of gold worth? Can BTC replace that? What next? Oil?
I have always considered Bitcoin more scarce than gold. First, it’s in limited supply and the demand for BTC has increased significantly over time. Also, it takes some technical ability to acquire crypto.
For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.
These two types of investments are indeed very tempting because these two investments can protect our assets in the future, actually bitcoin and gold have the same function but different goals, I also strongly agree that bitcoin is rarer than gold, because the existence of bitcoin is very limited, in contrast to gold, because gold is easy to find and gold has also been made into jewelry by many women. For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.
I have always considered Bitcoin more scarce than gold. First, it’s in limited supply and the demand for BTC has increased significantly over time. Also, it takes some technical ability to acquire crypto.
For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.
For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.
It does make sense to spend your money on finding and extracting the gold we have in the earth right now, that makes sense of course. However, when the space flight technology becomes something that is as cheap as driving a car today and becomes the new normal, we are going to end up finding a lot of it.
Not just gold neither, we are going to start looking for all the things we needed, and oil or any kind of energy would be number one in that case. Lets realize that energy sector is a huge one for a reason, we need that to go on, everything else comes in second, maybe food and clean water as well of course. So, we are going to find resources on other places and extract and bring that back "eventually", hence why bitcoin would ALWAYS be more valuable.
how abundant natural resources are available and enjoyed. source of energy and strength of course bitcoin is something that is more flexible. indeed only need to use a lightweight device and the value is evidence of a choice of many bitcoin enthusiasts and users who are dense enough to create the current price.Not just gold neither, we are going to start looking for all the things we needed, and oil or any kind of energy would be number one in that case. Lets realize that energy sector is a huge one for a reason, we need that to go on, everything else comes in second, maybe food and clean water as well of course. So, we are going to find resources on other places and extract and bring that back "eventually", hence why bitcoin would ALWAYS be more valuable.
indeed millions of btc already have its master anonymously. and this rarity is what makes it special and the flying price makes everyone glance and thrive.
the reason for a thousand fold pump.
I also choose bitcoin bro over other assets.
It does make sense to spend your money on finding and extracting the gold we have in the earth right now, that makes sense of course. However, when the space flight technology becomes something that is as cheap as driving a car today and becomes the new normal, we are going to end up finding a lot of it.
bitcoin is only important to the extent that computers and internet exists. take those things away and bitcoin loses its value proposition. gold on the other hand doesn't need anything to exist. and people can find uses for it no matter what the state of technological level in the society.
even if we found alot of gold i'm not sure the price would be affected that much. but to think that you're going to be mining asteroids well that's kind of laughable. it probably would cost more to mine the gold on the asteroid and transport it back to earth than the gold itself is worth.
It does make sense to spend your money on finding and extracting the gold we have in the earth right now, that makes sense of course. However, when the space flight technology becomes something that is as cheap as driving a car today and becomes the new normal, we are going to end up finding a lot of it.
Not just gold neither, we are going to start looking for all the things we needed, and oil or any kind of energy would be number one in that case. Lets realize that energy sector is a huge one for a reason, we need that to go on, everything else comes in second, maybe food and clean water as well of course. So, we are going to find resources on other places and extract and bring that back "eventually", hence why bitcoin would ALWAYS be more valuable.
Not just gold neither, we are going to start looking for all the things we needed, and oil or any kind of energy would be number one in that case. Lets realize that energy sector is a huge one for a reason, we need that to go on, everything else comes in second, maybe food and clean water as well of course. So, we are going to find resources on other places and extract and bring that back "eventually", hence why bitcoin would ALWAYS be more valuable.
244,000 metric tons of gold has been discovered to date, 55,000 tons of gold are left.
But there is still a lot of gold left in the universe. There is gold on asteroids for example. One day these will be minable. So the gold supply is not as limited as some may think.
However, gold is hard to move around, weighs a lot, it's hard to sell or buy, it's not practicable.
With BTC it's another story. We all know there are only 21,000,000 coins and 3-4 millions are already lost forever.
There is no Bitcoin in the whole Universe, except on Planet Earth.
BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC
But there is still a lot of gold left in the universe. There is gold on asteroids for example. One day these will be minable. So the gold supply is not as limited as some may think.
However, gold is hard to move around, weighs a lot, it's hard to sell or buy, it's not practicable.
With BTC it's another story. We all know there are only 21,000,000 coins and 3-4 millions are already lost forever.
There is no Bitcoin in the whole Universe, except on Planet Earth.
BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC
244,000 metric tons of gold has been discovered to date, 55,000 tons of gold are left.
But there is still a lot of gold left in the universe. There is gold on asteroids for example. One day these will be minable. So the gold supply is not as limited as some may think.
However, gold is hard to move around, weighs a lot, it's hard to sell or buy, it's not practicable.
With BTC it's another story. We all know there are only 21,000,000 coins and 3-4 millions are already lost forever.
There is no Bitcoin in the whole Universe, except on Planet Earth.
BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC
Ofcourse, it's scarcer. However, Gold is scarce doesn't mean the undiscovered ones are getting exhausted or are that low in quantity. This World is unbelievably hugh and humans have only discovered a very little part of it. I would invest more in searching for gold in the world than elsewhere. But there is still a lot of gold left in the universe. There is gold on asteroids for example. One day these will be minable. So the gold supply is not as limited as some may think.
However, gold is hard to move around, weighs a lot, it's hard to sell or buy, it's not practicable.
With BTC it's another story. We all know there are only 21,000,000 coins and 3-4 millions are already lost forever.
There is no Bitcoin in the whole Universe, except on Planet Earth.
BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC
Gold has been a reliable source of investment for people around the world for many years. Gold was also used before Bitcoin appeared. With the recognition of bitcoin throughout the world, a new era has begun. Investors chose bitcoin as their source and it was a logical move in terms of profit rate. It would not be correct to compare gold and bitcoin with each other. There are huge differences between them. At the moment, gold is more in the foreground in terms of reliability. However, if you want to earn higher profits, bitcoin will be the right choice.
Gold investment is indeed very popular and has been used by investors for a long time, but over time, many investors have started to be interested in using bitcoin, even in my own country, many investors have switched to using bitcoin as an asset, it can't be denied. these two types of investments are very tempting and can maintain the value of our assets in the future, gold is a precious metal that we can save ourselves, gold can also be used as jewelry, while bitcoin itself is in the form of balances, which are stored in a block chain or blockchain,
So it is certain that bitcoin is rarer than gold.
So it is certain that bitcoin is rarer than gold.
What is true is that bitcoin is really more easy to move around than gold. So if the next century will really be the century where humans will discover space we will also see that people will not send gold to a colony on the moon, but they will easily send bitcoin.
Bitcoin is intangible and therefore it is mobile than gold. Talking about for centuries where humans may discover and live in space. Bitcoin can be sent their if there is network. That reminds me, I saw somewhere in the internet that Elon wants to build a hotel in Mars to be launched by 2025. If that happens, both Bitcoin and gold would be found in Mars. 
What is true is that bitcoin is really more easy to move around than gold. So if the next century will really be the century where humans will discover space we will also see that people will not send gold to a colony on the moon, but they will easily send bitcoin.
Yes, It is true that bitcoin is more volatile than gold, but both are different in their places. Gold is a physical asset and bitcoin is a digital currency. People are thinking more to invest in bitcoin rather than Gold and return of gold is less than compared to Bitcoin
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