Bitcoin is scarcer & also better than good in every conceivable way. You can’t take $1,000,000,000 worth of good on a plane in your suitcase, can you. Bitcoin is the future of money, gold is a dinosaur as a store of value. You also can't pay for many things directly with gold.
Topic: BTC is scarcer than gold. - page 6. (Read 2071 times)
Hard to compare both. I believe physical, palpable precious metals will always be more important than virtual goods such as bitcoin. And although we don't know how much gold there is disponible in the universe, it's a fact gold is still very scarce and difficult to acquire.
There is a lot of gold hidden in the depths of this world yet, but it doesn't mean we know how to access or have the means to access that. On the other hand, with bitcoin it's simpler, as all you have to do is to set a virtual mining farm operation to start earning and accumulating your satoshis. That means bitcoin is more accessible and reachable than gold.
There is a lot of gold hidden in the depths of this world yet, but it doesn't mean we know how to access or have the means to access that. On the other hand, with bitcoin it's simpler, as all you have to do is to set a virtual mining farm operation to start earning and accumulating your satoshis. That means bitcoin is more accessible and reachable than gold.
Bitcoin is the defacto digital currency of planet Earth.
It cannot exist anywhere else (even Mars) due to TCP/IP limitations (latency).
It cannot exist anywhere else (even Mars) due to TCP/IP limitations (latency).
Gold is not really scarce, just look at any graph about production of gold, it's getting more common every day.
Bitcoin on the other hand has a known pattern for creating new blocks....
Tick, Tock, another block!
And these rewards keep getting smaller over time!.
Bitcoin on the other hand has a known pattern for creating new blocks....
Tick, Tock, another block!
And these rewards keep getting smaller over time!.
But Gold is already recognized by the world regarding its value. Even Gold has become a reserve asset for countries in the world. Even Gold has become an investment tool for the villagers. Even they can reach it more easily. As for Bitcoin, there is no agreement yet on Bitcoin, each country has the right to determine what they do for bitcoin. Not everyone is familiar with Bitcoin yet. Even many people are not familiar with the basics related to BTC. That's because the quality of the world's natural resources has not been evenly distributed. That is a slight difference from BTC and Gold. So far BTC is only an alternative investment other than Gold by the world community.
I believe the cost of mining from the asteroids would be huge and its almost impossible for time being. We don't have technological advancement otherwise we already know which plant has biggest source of ethanol, minerals, gold and what not. There are so many moons of different planets who are capable of all of these but its not economical. We would end up paying more for tech and fuel before we can make it there.
However, I only agree on bitcoin side. Yes its limited in supply, there is no way to extend it any further and thus seems to be reasonable asset for long holding. Thats the reason many of them are whale investors, they just thinking about simple demand and supply formula irrespective of its use case.
However, I only agree on bitcoin side. Yes its limited in supply, there is no way to extend it any further and thus seems to be reasonable asset for long holding. Thats the reason many of them are whale investors, they just thinking about simple demand and supply formula irrespective of its use case.
For me, in general, gold is the most stable investment option. I think that at the present time gold is a really reliable and stable option.
Gold is stable because the elite controls the market and it's heavily centralized, there is nothing interesting about it. Under 4 years, Bitcoin performance has beat that of gold 5 times and gold has been unable to cross its previous all time high.
Gold supply is infinite, you can't estimate the total amount of gold in the world, there are some people with hidden wealth under gold that don't want the rest of the world to know what is in their possession, and some have been hidden by generations but bitcoin is different, no matter how you want your bitcoin to be hidden from the rest of the world, the supply will remain 21 million, some are lost forever due to private key issues and 100 bitcoin that had the same transaction ID.
TODAY XAUUSD MARKET ANALYSIS
Gold climbed back on Friday morning but it is little changed at 1869 with the key NFP print due later. The main driver or the key change in the market remains the rising Treasury yield. U.S. 10-year Treasury yield stabilized at 2.924%. Equity markets are pushing higher, cooling down the demand for the dollar, and helping the Gold edge higher.
The dollar stays on the back foot amid worries that the NFP might add the smallest number of jobs since April 2021.
Investors remain on edge as some fear the pace of US monetary tightening could throw the world’s largest economy into a recession.
Today May labour report is likely to show the smallest gain in jobs since April 2021 alongside a downshift in average hourly earnings growth. If the number comes and intensifies the worries, it could be a double-sword for the gold. If worries quickly translates into a global recession risk, it could in turn boost the safe-haven dollar, which could lead the Gold lower. But if it is only moderately lower, it might weigh more on the dollar, therefore releasing some upside for the gold.
Gold climbed back on Friday morning but it is little changed at 1869 with the key NFP print due later. The main driver or the key change in the market remains the rising Treasury yield. U.S. 10-year Treasury yield stabilized at 2.924%. Equity markets are pushing higher, cooling down the demand for the dollar, and helping the Gold edge higher.
The dollar stays on the back foot amid worries that the NFP might add the smallest number of jobs since April 2021.
Investors remain on edge as some fear the pace of US monetary tightening could throw the world’s largest economy into a recession.
Today May labour report is likely to show the smallest gain in jobs since April 2021 alongside a downshift in average hourly earnings growth. If the number comes and intensifies the worries, it could be a double-sword for the gold. If worries quickly translates into a global recession risk, it could in turn boost the safe-haven dollar, which could lead the Gold lower. But if it is only moderately lower, it might weigh more on the dollar, therefore releasing some upside for the gold.
Bitcoin has come to stay here on the planet Earth surface, which is a digital asset, where demand is very high than supply in the near future, total supply 21,000,000 Bitcoins, will be very high scars. and Bitcoin is going to be scars than Gold.
Thank you very much, that is exactly my point, if statistically it is correct that we have roughly about 10% left of bitcoin to mine, that means that whenever that period of time comes, there will be a very high scarcity in Bitcoin, Gold on the other hand is a naturally occurring substance. So, when that time comes when there will be just 10% left of the Bitcoin to be mined, I strongly believe that in that moment, we should expect a high demand in quantity possession of Bitcoin and then there will be lesser supply of it, which in turn means but Gold still retains its availability. 
When people watch a video clip of a North American singer, the person looks at the North American singer's neck and sees: "A lot of gold hanging on the neck" at that time the person understands well how thousands of people will always buy gold, gold It has application in the real world, it is not just a store of value, it is not just something to trade in the market, it is something that has application in the real world and this has been happening for years. Who doesn't want to own a gold ring? Who doesn't want to own a gold bracelet? Who doesn't want to have a car plated with pure gold? Who doesn't want to have a bar of gold at home?
We have to admit that gold is a good thing and we cannot compare gold vs bitcoin. each of the things has advantages and disadvantages. Bitcoin still has a long way to go to reach the level of adoption that gold
I agree, cryptocurrencies are a high risk investment, and honestly it's the kind of thing that people should be very careful with when dealing with them. I like bitcoin but this market needs to mature a lot, this always reaching ATH and then falling more than 50% is definitely becoming a big danger
We have to admit that gold is a good thing and we cannot compare gold vs bitcoin. each of the things has advantages and disadvantages. Bitcoin still has a long way to go to reach the level of adoption that gold
For me, gold is a more solid investment, so to speak. I think that in fact, with the right approach, the result can be obtained by investing in cryptocurrency, but still.
I agree, cryptocurrencies are a high risk investment, and honestly it's the kind of thing that people should be very careful with when dealing with them. I like bitcoin but this market needs to mature a lot, this always reaching ATH and then falling more than 50% is definitely becoming a big danger
For me, gold is a more solid investment, so to speak. I think that in fact, with the right approach, the result can be obtained by investing in cryptocurrency, but still.
No this is not true. Gold is mined and discovered every day and we do not know the maximum supply of gold. Even though bitcoin is also mined daily but there is a maximum limit on bitcoin supply.
Secondly, there is not only about scarcity but it is also about purity. With bitcoin, you are 100% sure that it is genuine bitcoin but there is an element and risk of impurity in gold.
Regardless of how people convince something about gold or bitcoin, but I just think these two assets are good choices to invest in. Gold has been known for longer as an investment asset as well as a means of payment than bitcoin, but when we want to know which is the best of the two then it just depends on which asset you tend to trust.Secondly, there is not only about scarcity but it is also about purity. With bitcoin, you are 100% sure that it is genuine bitcoin but there is an element and risk of impurity in gold.
Bitcoin has a limited supply of only 21 million, but gold is very difficult to know when it will run out because the number will continue to grow every day. It's up to us to profit from which assets between the two, but what is certain is that both are investment assets that are worth considering.
No this is not true. Gold is mined and discovered every day and we do not know the maximum supply of gold. Even though bitcoin is also mined daily but there is a maximum limit on bitcoin supply.
Secondly, there is not only about scarcity but it is also about purity. With bitcoin, you are 100% sure that it is genuine bitcoin but there is an element and risk of impurity in gold.
Even though I prefer BTC compared to Gold, there are other potential issues with the former:Secondly, there is not only about scarcity but it is also about purity. With bitcoin, you are 100% sure that it is genuine bitcoin but there is an element and risk of impurity in gold.
https://itscryptonews.com/industry-execs-claim-freshly-minted-virgin-bitcoins-fetch-20-premium-2/
Gold is not really scarce, just look at any graph about production of gold, it's getting more common every day.
Bitcoin on the other hand has a known pattern for creating new blocks....
Tick, Tock, another block!
And these rewards keep getting smaller over time!.
Bitcoin on the other hand has a known pattern for creating new blocks....
Tick, Tock, another block!
And these rewards keep getting smaller over time!.
No this is not true. Gold is mined and discovered every day and we do not know the maximum supply of gold. Even though bitcoin is also mined daily but there is a maximum limit on bitcoin supply.
Secondly, there is not only about scarcity but it is also about purity. With bitcoin, you are 100% sure that it is genuine bitcoin but there is an element and risk of impurity in gold.
Gold is not really scarce, just look at any graph about production of gold, it's getting more common every day.
Bitcoin on the other hand has a known pattern for creating new blocks....
Tick, Tock, another block!
And these rewards keep getting smaller over time!.
Bitcoin on the other hand has a known pattern for creating new blocks....
Tick, Tock, another block!
And these rewards keep getting smaller over time!.
Not everyone holds btc but everyone has held gold that means btc is indeed more rare than gold, btc only middle class people and above have it while gold can be owned by everyone because the price can be reached by the general public.
I mean here bitcoin created by satoshi is limited in number and gold until now the number is unlimited so it is very appropriate to say bitcoin is more rare and gold.
I mean here bitcoin created by satoshi is limited in number and gold until now the number is unlimited so it is very appropriate to say bitcoin is more rare and gold.
Bitcoin has come to stay here on the planet Earth surface, which is a digital asset, where demand is very high than supply in the near future, total supply 21,000,000 Bitcoins, will be very high scars. and Bitcoin is going to be scars than Gold.
For me, in general, gold is the most stable investment option. I think that at the present time gold is a really reliable and stable option.
Despite the uniqueness of them both as an investment asset, we could also as well understand their difference role in the economy, gold is a physical form of an asset that can be bought either in it pure nature as raw or purified forms into different jewelry materials, bitcoin is a digital decentralized currency that can be accessible by any individual to use as a store of value/asset and also make payments with using any amount, gold although requires much fund to acquire it than bitcoin which one can get base on financial ability and bitcoin has in many ways proof high profitability than gold in recent times.
Yes, it may be that the price of Bitcoin may increase many times over due to low supply but I think Bitcoin may not have a value 100 or 200 years from now it may be replaced by someone else but Gold will be used as a valuable asset.
Maybe humanity won't exist in 100-200 years from now (due to WW3 nukes). In that case, yeah, BTC won't be used by anyone to have any kind of value. 
But gold won't be used either, soooo...
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
I will not go into the question of whether BTC is less than gold, I don't really like to compare the two. At present we use gold as the asset of all currencies. The point is, the more gold you have, the more value of your currency. And for this, the big powers are competing for gold reserves. Gold has been used as a currency for thousands of years, but now gold is not used as a currency but as a currency asset.
And Bitcoin, Bitcoin is a potential cryptocurrency. It is called the mother of cryptocurrency. Yes, it may be that the price of Bitcoin may increase many times over due to low supply but I think Bitcoin may not have a value 100 or 200 years from now it may be replaced by someone else but Gold will be used as a valuable asset. I think Bitcoin is the mother of all currencies in the cryptocurrency world, and Gold is the mother of all currencies, Whether it is digital or fiat.
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