can bitcoin in the future surpass gold?

quality.crypto

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There are many differences between gold and Bitcoin, so I am not sure if we can compare them. Gold is basically a physical asset, while BTC is a cryptocurrency (and a digital asset). But people trust gold a lot more than BTC nowadays, so I think it is hard that it surpass gold in the future.

Agree, there is a huge difference between gold and Bitcoin, we cannot justify it because each one has its own requirement. Of course, some technical things will combine them but this doesn't indicate them as same and it is not possible for them which one has high probability. Everything based on the situation and their credibility.

Visbay

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Quote from: Best Dreams on June 28, 2019, 02:40:52 AM

Quote from: pamchik on June 27, 2019, 03:58:15 AM

This is going to take years for bitcoin to develop enough to surpass gold, we aren't there yet.

No I am sure it will surpass gold someday, as we can see day by day bitcoin is getting more valuable in our system, it is getting rise in price and it gives us promising future, it has more safety and more value than gold,,. Having gold is not safe but having bitcoin in your digital wallet is safe for you and your family for better future, so gold is now losing value as an investment now.

Surely bitcoin has more value than gold, since long people are investing in gold but they did not made such profit as people now a day are getting from bitcoin in few months or only an year holding, I am sure within few years gold will become disappear from investment market, as bitcoin is reducing its value with time.

mr.relax

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gold is now losing value as an investment now.

No. very simple.
The price of Gold in USD and Euro recently rose quite a lot, its not loosing.
Actually gold keeps, Fiat looses.
Over the centuries it did not rise in Value, after thousands of years you still get the same amount of Bread that you got before.
So it is not and was never an investment for to make money. Its a method of preserving value for all time coming.

BTC is a speculation and it has not found its accepted value, thats why its very volatile.
Maybe one day it will find a more stable value.
But for guarantee, it will not survive 1000s of years, just imagine if a situation and time like middleage returns. Wars, decline of culture,Loss of technology and knowledge.
No more internet...if no huge decline happenes, still developpment will happen.
Bitcoin is far too primitive to be of value in the next century. Gold will, no doubt.

I am happy if BTC keeps and rises value just the next 3years. 3 Years are centuries compared to the real world.

Best Dreams

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Quote from: pamchik on June 27, 2019, 03:58:15 AM

This is going to take years for bitcoin to develop enough to surpass gold, we aren't there yet.

No I am sure it will surpass gold someday, as we can see day by day bitcoin is getting more valuable in our system, it is getting rise in price and it gives us promising future, it has more safety and more value than gold,,. Having gold is not safe but having bitcoin in your digital wallet is safe for you and your family for better future, so gold is now losing value as an investment now.

romero121

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As bitcoin is a volatile asset it reaches high, falls back and further grows. In such a way the cyclic process keeps going, same is with gold but the time taken by gold is far higher than that of bitcoin. This keeps gold to be an asset that gives an access for safer investment with low profiting. This way soon we can see bitcoin value to be double the value of gold.

pamchik

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This is going to take years for bitcoin to develop enough to surpass gold, we aren't there yet.

Jating

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Quote from: Al-e_x on June 03, 2019, 05:21:08 AM

Isn't the current price of bitcoin surpass the price of gold? The current price of bitcoin is far more expensive than the current gold per troy ounce of gold at $ 1195 while the price of BTC is $ 8,506.53

More than the price itself, no doubt that I would rather invest or put my money in bitcoin.

Yes, gold has been with us for many many years, even has a lot of use cases in the past as the best hedge for economic downturn or wars throughout history.

But they, you can't carry them if you wanted to go to other countries. So I think in the next 10 years or so, bitcoin will really prove its point as one of the best assets or SoV, similar to gold or even better.

Roukawa

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No one can ever surpass gold. We are lucky if we can take 5% of the capitalization of gold and that's already and huge thing

onrise

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Quote from: Al-e_x on June 03, 2019, 05:21:08 AM

Isn't the current price of bitcoin surpass the price of gold? The current price of bitcoin is far more expensive than the current gold per troy ounce of gold at $ 1195 while the price of BTC is $ 8,506.53

Well we will need to consider the stability and the longevity as in short time it could surpass but will it continue to do so for the next say 10, 20, 50 years. For short term answer is yes it is the best option available as compared to anything else.

mr.relax

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Both will remain forever as none of them can totally replace one another.

I doubt that bitcoin will live forever.
I doubt that bitcoin will be used for as many years as gold was used as currency/value(many thousand of years).
For sure much sophisticated versions of cryptos will substitute bitcoin as important value.

Maybe even faster than some folks here think.
In less than 20 years bitcoin might still exist, but have zero importance compared to other cryptos.
BTC exists, as long as there are nodes and miners running. But this does not define any value.
Bitcoin is not the first eMoney and wont remain forever.
Who talks any more about DigiCash?

Gold will be of value probably as long as humans will exist.
As history shows, the value of Gold had always been quite constant.

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One replacing another will be injustice. One is physical while the other is virtual. Comparing them might somehow worth it as both are store of value. Both will remain forever as none of them can totally replace one another.

buwaytress

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Quote from: Al-e_x on June 03, 2019, 05:21:08 AM

Isn't the current price of bitcoin surpass the price of gold? The current price of bitcoin is far more expensive than the current gold per troy ounce of gold at $ 1195 while the price of BTC is $ 8,506.53

You know what's more expensive than gold ounce for ounce? Platinum. Rhodium. Should we then say these are much better than gold, or even Bitcoin? Do you know anyone who would buy platinum or Rhodium off of you right now? Or gold?

I know over 200 people right now who'd buy my Bitcoin in the next 5 seconds on p2p. And that's not even with me looking for them hard. Don't believe me, try search for Sellers on localbitcoins.com.

That's what makes Bitcoin better (among many other things!) compared to gold. Not its price.

Best Dreams

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Quote from: syamster on June 06, 2019, 03:22:06 PM

Quote from: Al-e_x on June 03, 2019, 05:21:08 AM

Isn't the current price of bitcoin surpass the price of gold? The current price of bitcoin is far more expensive than the current gold per troy ounce of gold at $ 1195 while the price of BTC is $ 8,506.53

Agree with you bitcoin has much higher price than gold, I know gold is not having the value as bitcoin it is only because gold I personally don’t consider as good investment for myself, I know I cannot carry gold with me because of uncertain price to rise, also because of safety issue, we have online wallets for bitcoin but gold will have to keep at home, also it has higher price more than gold it is the only price which makes something valuable.

Right bitcoin is better than gold and gold has no such value as an investment for me and for everyone, bitcoin has good market value, it has safe features which can keep us away from scammers and gives us safety of an investment, I prefer investing in bitcoin because I am sure about its future and I know one day it will give me rewards for holding it.

syamster

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Quote from: Al-e_x on June 03, 2019, 05:21:08 AM

Isn't the current price of bitcoin surpass the price of gold? The current price of bitcoin is far more expensive than the current gold per troy ounce of gold at $ 1195 while the price of BTC is $ 8,506.53

Agree with you bitcoin has much higher price than gold, I know gold is not having the value as bitcoin it is only because gold I personally don’t consider as good investment for myself, I know I cannot carry gold with me because of uncertain price to rise, also because of safety issue, we have online wallets for bitcoin but gold will have to keep at home, also it has higher price more than gold it is the only price which makes something valuable.

darasinmi4show

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Bitcoin has been so great and wonderful with price but however, it can't surpass gold because gold is a raw processing material which is precious in the sight of human. Also, we should not forget that bitcoin is just crypto assset which most people in the can not accept but gold is universal accept any class of people.

Fivestar4everMVP

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Quote from: monalia on June 03, 2019, 12:57:50 PM

Quote from: Al-e_x on June 03, 2019, 05:21:08 AM

Isn't the current price of bitcoin surpass the price of gold? The current price of bitcoin is far more expensive than the current gold per troy ounce of gold at $ 1195 while the price of BTC is $ 8,506.53

One ounce of the bitcoin worth for 1 Bitcoin few years before but after that bitcoin crossed many miles so really bad to compare it with different value or something.
I believe bitcoin will crossed 9k USD again this coming weekend or Eid time. Lets see what will be the result in coming days.

bitcoin will do very well at the end of this year through to the middle of next year due to the up coming halving, bitcoin will set a new ATH before the end of 2020 so whoever hav3 enough money and wish to invest in bitcoin shouldn't be afraid to do so, not investing now will only bring regret when the highs begin to come, as for me, I've made it a habit to buy small amount at every dip on weekly basis

monalia

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Quote from: Al-e_x on June 03, 2019, 05:21:08 AM

Isn't the current price of bitcoin surpass the price of gold? The current price of bitcoin is far more expensive than the current gold per troy ounce of gold at $ 1195 while the price of BTC is $ 8,506.53

One ounce of the bitcoin worth for 1 Bitcoin few years before but after that bitcoin crossed many miles so really bad to compare it with different value or something.
I believe bitcoin will crossed 9k USD again this coming weekend or Eid time. Lets see what will be the result in coming days.

Al-e_x

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Isn't the current price of bitcoin surpass the price of gold? The current price of bitcoin is far more expensive than the current gold per troy ounce of gold at $ 1195 while the price of BTC is $ 8,506.53

Fivestar4everMVP

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Quote from: quality.crypto on May 29, 2019, 05:52:24 AM

Quote from: bitbunnny on May 27, 2019, 02:24:51 PM

Quote from: aderidwan98 on May 17, 2019, 03:25:50 PM

I believe that the next 10 years will be an extraordinary year for bitcoin, I believe the price of bitcoin will far exceed gold

I don't think that the goal of Bitcoin is to compete with gold. Bitcoin price might surpass gold but gold will still survive as an investment. It's one of the oldest assets of value that people trust the most. And I think that Bitcoin investors and gold investors differ and there will always be those who will prefere one above the other. In general, Bitcoin and gold shouldn't be compared.

Yes, we shouldn't compare both of them each one has their own specialities, Gold is an old asset which many people strong faith in Gold compared to Bitcoin, so in order to get more prosperity to Bitcoin, it will take a lot of time. Where Gold physical entity which many people will invest in gold compared to bitcoin.

I totally agree with you mate, Gold is a very old asset which has been in existence even before most of us where born, it's one of the very first medium of exchange through which our fore fathers where able to buy and sell their goods, so in the nutshell, gold is way more trusted than bitcoin and for bitcoin to gain the kind of trust gold has, it will take (let me not say a very long time but) a long time.

Best Dreams

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Quote from: quality.crypto on May 29, 2019, 05:52:24 AM

Quote from: bitbunnny on May 27, 2019, 02:24:51 PM

Quote from: aderidwan98 on May 17, 2019, 03:25:50 PM

I believe that the next 10 years will be an extraordinary year for bitcoin, I believe the price of bitcoin will far exceed gold

I don't think that the goal of Bitcoin is to compete with gold. Bitcoin price might surpass gold but gold will still survive as an investment. It's one of the oldest assets of value that people trust the most. And I think that Bitcoin investors and gold investors differ and there will always be those who will prefere one above the other. In general, Bitcoin and gold shouldn't be compared.

Yes, we shouldn't compare both of them each one has their own specialities, Gold is an old asset which many people strong faith in Gold compared to Bitcoin, so in order to get more prosperity to Bitcoin, it will take a lot of time. Where Gold physical entity which many people will invest in gold compared to bitcoin.

There is no comparison of both because of features and qualities of earning, as we know bitcoin has no physical presence and no one can know how much you have but only you so this is the level of security and after that the best thing about it is increasing price and volatile nature but gold does not have all those, so for me gold will take decades to become like bitcoin but in few years bitcoin reduced the value of gold.

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