can bitcoin in the future surpass gold? - page 11.

BitcoinCommodor

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Quote from: InvestICO2L on October 23, 2018, 07:11:03 PM

Quote from: valisa on September 16, 2018, 12:37:39 PM

I think bitcoin could have exceeded the price of gold because bitcoin is limited to only 21 million, while gold is unlimited and until now gold continues to be mined in various countries in the world. but gold will still be the choice of many people because gold is a precious metal and is different from bitcoin because gold is physical

But you should know that “ nothing is impossible”, probably bitcoin will have the big talk in the future and it’s more likely to replace gold if someday bitcoin is accepted legally in most parts of the world. As you know, bitcoin has just appeared about 9 years ago ( from 2009), it’s really a very short time compared to the appearance of gold in our world. People have trend to approach the convenience, modern gradually. I therefore believe that bitcoin - digital currency will soon surpass gold in the future.

Maybe we should wait till that future comes before we talk about this lol. Though I do believe that it is possible for Bitcoin to replace gold I have seen a lot of investors talk about it, even experts and one of them once claimed that Bitcoin may reach a market cap of $6.4 trillion. As you may know, all these are just speculation and there is no proof that anything like that is going to happen.

InvestICO2L

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Quote from: valisa on September 16, 2018, 12:37:39 PM

I think bitcoin could have exceeded the price of gold because bitcoin is limited to only 21 million, while gold is unlimited and until now gold continues to be mined in various countries in the world. but gold will still be the choice of many people because gold is a precious metal and is different from bitcoin because gold is physical

But you should know that “ nothing is impossible”, probably bitcoin will have the big talk in the future and it’s more likely to replace gold if someday bitcoin is accepted legally in most parts of the world. As you know, bitcoin has just appeared about 9 years ago ( from 2009), it’s really a very short time compared to the appearance of gold in our world. People have trend to approach the convenience, modern gradually. I therefore believe that bitcoin - digital currency will soon surpass gold in the future.

amd6678

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if I look at bitcoin price movements and see the total supply as well as from very high demand and if demand gets higher making bitcoin very difficult to get then bitcoin can exceed the price of gold,

bering

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Quote from: withlove99 on October 16, 2018, 09:32:44 AM

Quote from: Barmalei06 on July 31, 2018, 02:38:04 PM

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.

Bitcoin can not be compared with gold. Gold is used from ancient times and have many uses in life and is used in many important areas.
Bitcoin has not created any benefit for society. It remains a speculative channels and nothing more.

For a life time duration indeed bitcoin cannot compared to gold because bitcoin age still 9 year old and gold already exist since centuries ago but i think regarding the value of bitcoin i think in the future possibility to surpassing gold from the valuable side is wide open and currently if you have bitcoin then it is can called valuable asset too and equal to gold

changxia

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I think Bitcoin is likely to become the "gold" of the Internet in the future, but it still takes a long time to run, isn't it?

syamster

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Quote from: withlove99 on October 16, 2018, 09:32:44 AM

Quote from: Barmalei06 on July 31, 2018, 02:38:04 PM

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.

Bitcoin can not be compared with gold. Gold is used from ancient times and have many uses in life and is used in many important areas.
Bitcoin has not created any benefit for society. It remains a speculative channels and nothing more.

Indeed gold has no comparison with bitcoin we all are well aware of bitcoin how great and profitable bitcoin is, gold according to me gold is better to use only as jewelry not as an investment because our oldies use to tell us that they did not get the profit from gold investment since very long as much we are getting from bitcoin investment for few months, so for me bitcoin is 100% better than gold.

yvesp110

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Quote from: hannahboy on October 17, 2018, 08:24:03 AM

Quote from: Lydiaglo on October 15, 2018, 07:31:55 AM

Quote from: fatnobo on October 09, 2018, 11:29:08 PM

I believe that bitcoin can surpass gold in the future. However, this could take several generations. old will still have a place for people to store value, however, this would be more attractive for the older generation because of the use and acceptance of it, and less attractive for the younger generation.

Yeah I agree with you. Bitcoin is the future currency and it will take over the market in the future although it will take long time. Gold’s features and benefits are different from crypto. You cannot use gold for online shopping while bitcoin is for online use. It brings easy in your life and you can do many things from bitcoin. Definitely it will surpass gold in the future.

Bitcoin has already crossed gold but in terms of price. Gold has its own value and likeliness in the world and no other thing, product or currency can be compared with gold, because gold is actual money. The rests are the shapes of money. Bitcoin will never take place of gold because it is not used as regular money while bitcoin is currency and will be used in markets.

You are saying two things at the same time, but in think you are wrong at some point because according to me bitcoin is kind of currency and money but gold is not the money, we should invest in bitcoin because it gives us good amount of profit but gold is not a profitable investment. It is an old times investment, indeed all of us should invest at the good times all of our saving to bitcoin, it will make our money bigger than double.

sana54210

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Quote from: Barmalei06 on July 31, 2018, 02:38:04 PM

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.

Of course, Bitcoin can do that, only if it can be used in place of gold in doing things that are being produced with gold. Bitcoin can only serve as a mode of payment and investment, but gold can be used for several purposes, and for sure it can be used as method of payment, I know some people will say that was in the past, but it can still be done again. I once know of a company called Bitgold and they created a way for people to save their money in Gold and also send and receive gold as payment.

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Quote from: Barmalei06 on July 31, 2018, 02:38:04 PM

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.

I don't think Satoshi wanted bitcoin to become a digital analogue of gold. It is a currency in the first place, a financial instrument designed to facilitate the exchange of goods and services. Of course it has its own positive and negative sides, but being a "security" is not what bitcoin was created for.

bonammeo

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I think this has been said many times. The bitcoin participants saw the benefits of it. However, our job now is to make bitcoins become more popular, as people know more about bitcoin, they will trust it. And replacing bitcoin with gold is just a matter of time.

Beegovere

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Quote from: bitbunnny on October 15, 2018, 12:17:27 PM

Besides that both are investment categories, from my point of view Bitcoin and gold can't be actualy compared and because of that it's hard to tell that Bitcoin will or will not surpass gold.
If you look only at price then Bitcoin is already better than gold but on the other hand I.think there will be always more people investing and trusting in gold than in Bitcoin.
Gold has since ever been one of the most valuable store of value for the people and it will stay so for a while.
I also think that investors in Bitcoin and gold differs, these are different categories of investors with different risk apetites and investment strategies.

In my view investment in bitcoin is more profitable than gold because the price of gold is also not increasing consistently and decreases after some time. Gold should not be increased from some specific price otherwise average people in community will not be able to invest in it. Bitcoin is the way of making more money while gold is for use and for hard times in life.

hannahboy

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Quote from: Lydiaglo on October 15, 2018, 07:31:55 AM

Quote from: fatnobo on October 09, 2018, 11:29:08 PM

I believe that bitcoin can surpass gold in the future. However, this could take several generations. old will still have a place for people to store value, however, this would be more attractive for the older generation because of the use and acceptance of it, and less attractive for the younger generation.

Yeah I agree with you. Bitcoin is the future currency and it will take over the market in the future although it will take long time. Gold’s features and benefits are different from crypto. You cannot use gold for online shopping while bitcoin is for online use. It brings easy in your life and you can do many things from bitcoin. Definitely it will surpass gold in the future.

Bitcoin has already crossed gold but in terms of price. Gold has its own value and likeliness in the world and no other thing, product or currency can be compared with gold, because gold is actual money. The rests are the shapes of money. Bitcoin will never take place of gold because it is not used as regular money while bitcoin is currency and will be used in markets.

Ericgreen

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Quote from: Grimjule on October 10, 2018, 06:21:02 AM

Quote from: EmmaBen on October 07, 2018, 02:15:44 PM

In what context?
Is it in price or value or as a store of wealth, etc?
It is no more news that in terms of price, bitcoin has more than doubled gold.

It is not only the price that bitcoin is more than double of gold. It is also more valuable than gold, more profitable and easily usable worldwide. If we look these two in security perspective then I think gold is safer than bitcoin because it needs no internet, no computer and no wallet. You can hold your gold in your local bank lockers or even in your home. It doesn’t need anything else.

It is doubtless that bitcoin will surpass gold but it is also a fact that the real money is only gold. It is more secure than bitcoin and widely used in the world. On the other hand there are still many people in the world that are unaware of the name of bitcoin. The need long time to believe in bitcoin and out their money in it, because it is a matter of money and trust.

withlove99

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Quote from: Barmalei06 on July 31, 2018, 02:38:04 PM

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.

Bitcoin can not be compared with gold. Gold is used from ancient times and have many uses in life and is used in many important areas.
Bitcoin has not created any benefit for society. It remains a speculative channels and nothing more.

kavindra

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my opinion bitcoin cannot be compared to gold because bitcoin and gold have different functions and functions, gold is used for jewelry and investment while bitcoin is used for payment as a substitute for money, and the use of bitcoin is easier and cheaper, that's what I know

Alamin9884

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Bitcoin future is a good. I think gold and Bitcoin are perfect assets to harmonize in a anti inflation and crisis resistant probability. I always think that Bitcoin is a potential substitute for gold, Bitcoin obviously has many functions as a gold.

Vinz1978

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Quote from: Barmalei06 on July 31, 2018, 02:38:04 PM

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.

Is it right to compare Bitcoin into Gold, this is not good to compare it. Gold is not digital but ancient which has been used for a thousands of years while bitcoin was a digital or virtual currency. They are differ to one another also had their own features too. but in terms of value yes it is already surpassed gold by bitcoin. But like what I said they shouldn't be compare into one another.

technosaviour

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Bitcoin has already become digital gold. Bitcoin to present world is like Internet to ancient world.
First they Ignore you, when you become valuable then they try to control you.

Same thing is happening with Bitcoin and other cryptocurrencies.
This world is going through a digital transformation, concepts like Blockchain are the new crown & crypto is the new prince of this financial world.

The best part which will increase the value of Bitcoin is if sidechains are developed to keep the identity of Bitcoin users a secret.
In our present world we rarely care about privacy. Projects like HoriZen (ZEN) have took it to the next level, they support transparency and privacy at the same time.

Sorry got diverted ...
So my Answer is yes, Bitcoin can definitely pass Gold. I believe in it and have put my faith on it.

bitbunnny

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Besides that both are investment categories, from my point of view Bitcoin and gold can't be actualy compared and because of that it's hard to tell that Bitcoin will or will not surpass gold.
If you look only at price then Bitcoin is already better than gold but on the other hand I.think there will be always more people investing and trusting in gold than in Bitcoin.
Gold has since ever been one of the most valuable store of value for the people and it will stay so for a while.
I also think that investors in Bitcoin and gold differs, these are different categories of investors with different risk apetites and investment strategies.

Lydiaglo

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Quote from: fatnobo on October 09, 2018, 11:29:08 PM

I believe that bitcoin can surpass gold in the future. However, this could take several generations. old will still have a place for people to store value, however, this would be more attractive for the older generation because of the use and acceptance of it, and less attractive for the younger generation.

Yeah I agree with you. Bitcoin is the future currency and it will take over the market in the future although it will take long time. Gold’s features and benefits are different from crypto. You cannot use gold for online shopping while bitcoin is for online use. It brings easy in your life and you can do many things from bitcoin. Definitely it will surpass gold in the future.

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