can bitcoin in the future surpass gold? - page 6.

noormcs5

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Quote from: Sihab76 on March 21, 2019, 07:57:24 PM

The popularity of bitcoin spreading throughout world and people of all ages are involved in the cryptocurrency. If market pumped in future, then I am sure that bitcoin will be global acceptance currency and surpass gold.

Gold is the separate entity than Bitcoins and i do not think both have any link between the two. Of course people will use bitcoin more as it is a currency and gold is mostly used to store as an asset.

Quote from: logicgate on March 24, 2019, 11:30:54 AM

Quote from: Sihab76 on March 21, 2019, 07:57:24 PM

The popularity of bitcoin spreading throughout world and people of all ages are involved in the cryptocurrency. If market pumped in future, then I am sure that bitcoin will be global acceptance currency and surpass gold.

Yes day by day importance and popularity of bitcoin is getting wide and not only young but old ager are also involving into it, gradually bitcoin is rising high in price and having good market place as an investment at the same time as currency, so I think gold is no more in market to be a good investment we will have to accept the reality that cryptocurrency is our future.

Bitcoin popularity is increasing day by day and soon it will overcome the Fiat currencies. People will leave their national currency because it will become devalue and everyone will use bitcoin to perform transactions and bitcoin will become a standard currency.

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Quote from: Activitycoin on April 01, 2019, 04:20:00 PM

Quote from: Daboy_Lyle on March 30, 2019, 10:23:03 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 surpass gold in the future. Anything is possible on bitcoin. The has a difference between gold and bitcoin but Gold for physical and Bitcoin for digital. Bitcoin is the best coin that we ever had. Nowadays I don't really mind gold because I do focus on Bitcoin which is helping me for financial and more unlike gold hard to find.

It is all about the user that has experience with one coin he can trade it well but choosing more than risky. As you will not be able to concentrate at one side, Buy the coin when it is at low price but make sure your investment is long lasting and profit making if you are earning 3 percent lose for the sake of 10 percent profit then it is good investment.

Right I definitely believe that the future of crypto currency is surely surpass gold, I think gold has value but not bigger than crypto currency, bitcoin has potential to substitutes for gold, as current bitcoin is repairing effectively which is really good and I appreciate the team work, which made gold only limited to be used as jewelry.

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Quote from: Daboy_Lyle on March 30, 2019, 10:23:03 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 surpass gold in the future. Anything is possible on bitcoin. The has a difference between gold and bitcoin but Gold for physical and Bitcoin for digital. Bitcoin is the best coin that we ever had. Nowadays I don't really mind gold because I do focus on Bitcoin which is helping me for financial and more unlike gold hard to find.

It is all about the user that has experience with one coin he can trade it well but choosing more than risky. As you will not be able to concentrate at one side, Buy the coin when it is at low price but make sure your investment is long lasting and profit making if you are earning 3 percent lose for the sake of 10 percent profit then it is good investment.

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Quote from: DoublerHunter on April 01, 2019, 02:34:00 AM

Quote from: onrise on April 01, 2019, 01:30:37 AM

Quote from: Sihab76 on March 21, 2019, 07:57:24 PM

The popularity of bitcoin spreading throughout world and people of all ages are involved in the cryptocurrency. If market pumped in future, then I am sure that bitcoin will be global acceptance currency and surpass gold.

When it comes as a matter of price it can do so in the coming year but what we would love to see is that bitcoin stays for decades and coming decades so that people can make this as a one of the permanent option to invest just like they do in the gold and silver.

Then you mean that Bitcoin will have a high chance to surpass the gold? then if that was, yes you are right. Bitcoin has the potential to surpass gold because nowadays bitcoin will become have massive adoption and for sure the demand will increase and the supply will decrease that makes bitcoin expensive not just like gold. For now, holding is the best decision to have a passive income in the upcoming future.

Golds supply do also decrease because if a miner mines a gold , the earth crust or the soil will also get thinner . when it comes to adoption , id say bitcoin is already becoming popular ( slowly ) but not massive enough . it will still take alot of time for that to happen since bitcoin is still on its infant stage . but but , when it comes to price its verry clear that bitcoin is on top .

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Quote from: onrise on April 01, 2019, 01:30:37 AM

Quote from: Sihab76 on March 21, 2019, 07:57:24 PM

The popularity of bitcoin spreading throughout world and people of all ages are involved in the cryptocurrency. If market pumped in future, then I am sure that bitcoin will be global acceptance currency and surpass gold.

When it comes as a matter of price it can do so in the coming year but what we would love to see is that bitcoin stays for decades and coming decades so that people can make this as a one of the permanent option to invest just like they do in the gold and silver.

Then you mean that Bitcoin will have a high chance to surpass the gold? then if that was, yes you are right. Bitcoin has the potential to surpass gold because nowadays bitcoin will become have massive adoption and for sure the demand will increase and the supply will decrease that makes bitcoin expensive not just like gold. For now, holding is the best decision to have a passive income in the upcoming future.

onrise

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Quote from: Sihab76 on March 21, 2019, 07:57:24 PM

The popularity of bitcoin spreading throughout world and people of all ages are involved in the cryptocurrency. If market pumped in future, then I am sure that bitcoin will be global acceptance currency and surpass gold.

When it comes as a matter of price it can do so in the coming year but what we would love to see is that bitcoin stays for decades and coming decades so that people can make this as a one of the permanent option to invest just like they do in the gold and silver.

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Quote from: Daboy_Lyle on March 30, 2019, 10:23:03 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 surpass gold in the future. Anything is possible on bitcoin. The has a difference between gold and bitcoin but Gold for physical and Bitcoin for digital. Bitcoin is the best coin that we ever had. Nowadays I don't really mind gold because I do focus on Bitcoin which is helping me for financial and more unlike gold hard to find.

Gold is now old investment it is not that famous as it was long ago, we are happy with the revolution of our system, we can see investment with bitcoin is safe as it has wallet but no physical presence so no one can steal your bitcoin but having gold will always keep you worry that any time anyone can robe you, so I like investing in bitcoin more than investing it gold.

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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 surpass gold in the future. Anything is possible on bitcoin. The has a difference between gold and bitcoin but Gold for physical and Bitcoin for digital. Bitcoin is the best coin that we ever had. Nowadays I don't really mind gold because I do focus on Bitcoin which is helping me for financial and more unlike gold hard to find.

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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.

Gold and bitcoin are different properties and characteristic which are incomparable the former is a precious metal while the later is a digital asset, price-wise gold had been in existence for decades and will be continually stored as an asset based on the fact that unmined gold is vast and abundant spread across the universe while bitcoin had a fixed value of 21 million.
Although in terms of trading BTC/USD value had surpasses that of XAU/USD thus I don't any reason for comparison with bitcoin as digital asset and the ease in having access to it will enable it have an edge over gold.

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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,

The previous year the price of bitcoin had exceeded the price of gold precisely in December of 2017, but when it entered 2018 the value of bitcoin continued to decline to the lowest level, which is above $ 3000. Based on that experience I'm very optimistic that bitcoin will set a record again ( exceeds the price of gold) the second time, at a time that we cannot yet determine.

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Quote from: tanvir232 on March 25, 2019, 11:39:13 PM

I believe bitcoin has a huge potential in Digital currency but gold has already.at present gold market is value at $7.5 trillion against Bitcoin’s capitalization of just $70.9 billion according to coin market cap.some analysis also said bitcoin "easily exceed" even golds.

Yeah for me too both are good and both can be invest but the problem is we need to be very careful in case of gold but in case of bitcoin we will not have to be that careful, bitcoin has its own wallet which keeps is safe but for gold as you said the price is so high we will remain worry about the security of our investment.

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In as much as I believe that bitcoin still has huge untapped market ..I do not believe that it can surpass gold as a store of value.
This as a result of the volatile nature if cryptocurrency.
The volatile nature makes bitcoin not fit to function perfectly as a store of value.

tanvir232

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I believe bitcoin has a huge potential in Digital currency but gold has already.at present gold market is value at $7.5 trillion against Bitcoin’s capitalization of just $70.9 billion according to coin market cap.some analysis also said bitcoin "easily exceed" even golds.

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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.

Expected to get that
Bitcoin will dominate the future
Dealing with it in all areas.

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You can hear that Bitcoin and gold are similar, since they are both finite - gold mined and lying in the ground, this is all there is, there will be no new. The same with Bitcoin - there will be no more than 21 million coins.
However, the latter is not entirely true. Yes, according to the current protocol, the mining stops at 21 million tokens, but in the future it may be adjusted, and the number of coins will grow.

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Quote from: Sihab76 on March 21, 2019, 07:57:24 PM

The popularity of bitcoin spreading throughout world and people of all ages are involved in the cryptocurrency. If market pumped in future, then I am sure that bitcoin will be global acceptance currency and surpass gold.

Yes day by day importance and popularity of bitcoin is getting wide and not only young but old ager are also involving into it, gradually bitcoin is rising high in price and having good market place as an investment at the same time as currency, so I think gold is no more in market to be a good investment we will have to accept the reality that cryptocurrency is our future.

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Gold as collateral have a long story from mid-centuries (and even earlier). However now we barely use it, because American dollars has spread its hegemony on the world. Before Bretton woods crisis there was a good chance for some improved money system to appear but in fact tricky politics of the US lead the world to rely on the dollar in international exchange. It only benefits US state in many forms.

Dollar doesn't have intrinsic value aside from the fact it is the strongest currency in the world right now (with the biggest debt).

However, personally, I see future of crypto as a form of collateralized and non-collateralized stablecoins (may be a mixed stablecoin) that will be so comfortable to use and so convenient to measure goods with it'll overcome the dollar.

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The popularity of bitcoin spreading throughout world and people of all ages are involved in the cryptocurrency. If market pumped in future, then I am sure that bitcoin will be global acceptance currency and surpass gold.

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Quote from: jhongzjhong on March 19, 2019, 05:41:11 AM

Quote from: morrisgonzalez on March 19, 2019, 04:30:13 AM

Bitcoin and gold these are totally different things you can't compare bitcoin with gold.
Bitcoin is a currency which based on virtual reality and gold is a valuable element and i think bitcoin can't surpass gold in the future.

Yes probably it can't surpass but if we talk the comparing price I think bitcoin time to time will be surpassed the gold price. Gold has a low-value increase but it is a stable price increase, unlike Bitcoin is very volatile but it is a high chance to make expensive price near in the future. However, these two things are not comparable, because they have both sides characteristics the pros and cons.

I think the same in this regard so for me as well, if we talk about the value and the price bitcoin has much more than GOLD, be sure in very near future gold will become only just for name, but as an investment people will only choose bitcoin as it has more value and capacity to rise in price and get your profit, it is modern age and a time to adopt new technologies instead of sticking with old age.

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Many people here argue that it doesn't match the title, what is meant by the title (Can bitcoin in the future exceed gold) is not a problem comparing bitcoin with gold and its working system or other reasons.
and my answer Yes, in my opinion bitcoin in the future can surpass gold and in fact the price of bitcoin has been several times above the price of gold, because the price of bitcoin is very volatile and can change significantly and the price of bitcoin can suddenly rise and fall the price of gold, the price is always stable.

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