can bitcoin in the future surpass gold? - page 17.

Simple Plan(ned)

newbie

Activity: 31

Merit: 0

Quote from: Cliparts on September 04, 2018, 03:46:07 PM

Quote from: Rainbow009 on September 04, 2018, 10:07:18 AM

Bitcoin and gold are totally different. Gold is a commodity and derives it's value from its properties (physical).
Bitcoin is an asset (digital) and derives it's value from the block ledger system (blockchain).

Well it is true that gold and bitcoin both are not same, it is different than gold, as gold is now an old fashioned investment and bitcoin is new invention, we all need bitcoin today as in old ages those who were investing their money in gold were sad because it was heavy risk for them because of physical appearance but bitcoin is digital and it has no physical appearance but you can keep it in your wallet and no one will be able to know about your bitcoin that you will save for your future.

Bitcoin will save for our future is questionable. This does not have a stable price and also there is a chance that it may disappear anyday. Also, to access the bitcoin, a man should have a gadget, a network connection, a charger(since it needs to recharge), a current. However, if all our technological utilities improves in the future, this becomes not a problem anymore.

Resulbil

jr. member

Activity: 236

Merit: 1

Gold is depreciating, and Bitcoin is appreciating, which is what we see, but most of the appreciation of Bitcoin comes from commercial hype, which will cause Bitcoin prices to never stabilize!

Cliparts

newbie

Activity: 126

Merit: 0

Quote from: Rainbow009 on September 04, 2018, 10:07:18 AM

Bitcoin and gold are totally different. Gold is a commodity and derives it's value from its properties (physical).
Bitcoin is an asset (digital) and derives it's value from the block ledger system (blockchain).

Well it is true that gold and bitcoin both are not same, it is different than gold, as gold is now an old fashioned investment and bitcoin is new invention, we all need bitcoin today as in old ages those who were investing their money in gold were sad because it was heavy risk for them because of physical appearance but bitcoin is digital and it has no physical appearance but you can keep it in your wallet and no one will be able to know about your bitcoin that you will save for your future.

Rainbow009

newbie

Activity: 126

Merit: 0

Bitcoin and gold are totally different. Gold is a commodity and derives it's value from its properties (physical).
Bitcoin is an asset (digital) and derives it's value from the block ledger system (blockchain).

hungter34

newbie

Activity: 46

Merit: 0

I believe that Bitcoin is appreciated, it will never replace gold. But blockchain technology will thrive in the future, and when you have the opportunity to "buy the future," you should embrace it.

Simple Plan(ned)

newbie

Activity: 31

Merit: 0

If we talk about their monetary cost, bitcoin may surpass gold. However, this bitcoin does not have a stable value to be more than gold. People do value things more to what they could touch and see.

hispout

full member

Activity: 308

Merit: 101

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 will get big in the future, but not to the extent of getting above gold. Gold is very different and would continue to beat Bitcoin in all ways, cause there are lots of people investing in Gold and Gold its being used for a lot of stuffs, there are different purposes for it, lots of things you can do with it and people values it more than some other natural resources.

mansanas46

newbie

Activity: 8

Merit: 0

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.

Indeed, the value of bitcoin is understated if we consider that the basis of bitcoin`s price is based on the total value and supply of the gold mined. Thus, bitcoin`s price must be higher than today, however, there are factors to consider that market only can dictate.

imsotiredofmoviereboots

full member

Activity: 476

Merit: 100

Quote from: lephuqui on August 30, 2018, 08:04:30 PM

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.

You can not compare btc and gold. Its two values are completely different, the other exchange and the value of use is also different. Btc will make great strides in price but overcoming the value of gold is impossible. The current gold reserve is something that nobody knows but btc is well known.

Agree. There's really no competition between them. Gold can be formed into anything like jewelries. It is a physical asset that has been recognized since the age of trading has begun. Btc will make its own history and the only thing it will surpass is the traditional money.

Ruslan0509

newbie

Activity: 314

Merit: 0

Gold is traditionally a hedging instrument. In the event of a threat of war or crisis, investors sell shares and bonds and buy gold. Bitcoin in this sense differs from gold in the worst direction.

Cliparts

newbie

Activity: 126

Merit: 0

Quote from: The cure on August 26, 2018, 04:02:18 AM

No,because they are different. Gold is gold and Bitcoin is bitcoin. Gold is a treasure and tangible asset while Bitcoin is a digital currency and intangible asset. They are both valuable but different in value ,uses and purpose why it was created.

You are right both of them are not same they are different but if we talk about investment then we can compare both of them, we can make good profit with bitcoin investment with high amount of safety but we cannot earn good amount of money for investing in gold, as it is not safe, right now we should buy coin and safe it for long time, than having plenty of gold but no growing price or profit.

lephuqui

jr. member

Activity: 121

Merit: 2

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.

You can not compare btc and gold. Its two values are completely different, the other exchange and the value of use is also different. Btc will make great strides in price but overcoming the value of gold is impossible. The current gold reserve is something that nobody knows but btc is well known.

ivankoh

full member

Activity: 1428

Merit: 120

Sugars.zone | DatingFi - Earn for Posting

Quote from: doanlang on August 30, 2018, 02:59:30 PM

Bitcoin is gradually becoming a globally recognized investment in the future. Gold is internationally recognized despite its lower value with Bitcoin, but gold is still owned by investors because gold is an environmental resource that can mine many of the hidden gold mines elsewhere.

I think in the future Bitcoin can completely replace the gold and become a very valuable asset in the world financial markets. Bitcoin is currently in very small numbers and can not be increased so I believe its value will grow strongly in the future.

doanlang

full member

Activity: 231

Merit: 100

Bitcoin is gradually becoming a globally recognized investment in the future. Gold is internationally recognized despite its lower value with Bitcoin, but gold is still owned by investors because gold is an environmental resource that can mine many of the hidden gold mines elsewhere.

Rebellion359862

newbie

Activity: 10

Merit: 0

If the States of all countries will support bitcoin as gold, and now benefit only from the inflation of the national currency and sanctions.

The cure

jr. member

Activity: 448

Merit: 4

No,because they are different. Gold is gold and Bitcoin is bitcoin. Gold is a treasure and tangible asset while Bitcoin is a digital currency and intangible asset. They are both valuable but different in value ,uses and purpose why it was created.

pieppiep

hero member

Activity: 1596

Merit: 502

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, and I'm sure it can happen.

GITcryptomaster

copper member

Activity: 61

Merit: 0

Both Bitcoin and Gold have important differences. These range from something as simple as tenure to the very nature of these assets themselves: gold is tangible, but bitcoin is a digital creation. Gold and bitcoin have both been identified as safe-haven assets and have drawn significant attention from worldwide investors. They have some important differences, such as gold being a physical commodity and bitcoin being purely electronic.

However, the two also have similarities. They are both speculative investments, in that their prices are not based on more basic fundamentals like revenue, earnings or interest payments. Before purchasing or speculating on either gold or bitcoin, investors can benefit significantly from conducting thorough due diligence. Plus, they should keep in mind that risk is inherent to investment, so they shouldn’t invest any money they cannot afford to lose.

Kekenapep

jr. member

Activity: 84

Merit: 3

The future is definitely bright for btc,about it rivaling gold,we'll have to wait and see..

But I do honestly think it will

Keyboard PC

hero member

Activity: 924

Merit: 500

yes of course that can happen and I'm sure this bitcoin can beat the condition of gold prices, you can see from the total supply of bitcoin which is currently very limited and it's very difficult to get bitcoin and the use of bitcoin is also increasing so that the price of bitcoin can be very expensive.

Topic: can bitcoin in the future surpass gold? - page 17. (Read 18450 times)