can bitcoin in the future surpass gold? - page 7.

jhongzjhong

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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.

morrisgonzalez

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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.

yvesp110

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Quote from: rima valen on March 18, 2019, 04:14:07 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 is a virtual currency for future investment, I believe that bitcoin will soar in the future, if compared to gold in my opinion, gold investment is also good, why? because gold is the best investment in the whole world, from time to time, gold is the best

No for me gold is not good because it is not safe investment if you look back people have been investing in god but they really got regretted because price increase slow and after so long it rises only few hundreds, as it is under control of government but crypto currency specially bitcoin is totally independent and it has no control by anyone, it increases faster and never stop rising once it start.

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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 is a virtual currency for future investment, I believe that bitcoin will soar in the future, if compared to gold in my opinion, gold investment is also good, why? because gold is the best investment in the whole world, from time to time, gold is the best

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Quote from: Activitycoin on March 17, 2019, 03:25:01 PM

Quote from: Sum24 on March 15, 2019, 05:11:28 PM

Quote from: Ezenwanyi on March 13, 2019, 04:01:45 AM

I think you are right in a way.
It's possible for bitcoin to surpass gold both in popularity and good investment in the future.
By the time that bitcoin becomes generally accepted as a medium of payment , it will surpass gold.

Agree with you now a day bitcoin is gaining more important than any other investment including Gold, people are finding future in investing bitcoin gold is now just a name, it has not profit for holder and it is dangerous to hold at your home because anytime anyone can robe and take your gold, on the other hand bitcoin has wallets and it has digital presence which is unsnatch able

Trusting new technologies is very important because we are living in the most fast era where it is very easy to earn money, in old age people has been buying gold and keeping it for long term at home and history says those who kept so many gold at home lost their among for being robbed so that’s why we are investing in new technologies which is safe and good to hold.

And just for example, you live in Brazil and you wish to send some gold bars to Russia, how will you do it? How much can all that cost? Is there some option for low transaction cost? Bitcoin already suppressed gold in price I believe and usage, and with time that difference will just be bigger. Lets be realistic here, internet is future, and bitcoin can be used on internet, gold will stay where it is. Judge it by yourself, do you like gold? Do you use gold? When is the last time you bought gold?

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Quote from: Sum24 on March 15, 2019, 05:11:28 PM

Quote from: Ezenwanyi on March 13, 2019, 04:01:45 AM

I think you are right in a way.
It's possible for bitcoin to surpass gold both in popularity and good investment in the future.
By the time that bitcoin becomes generally accepted as a medium of payment , it will surpass gold.

Agree with you now a day bitcoin is gaining more important than any other investment including Gold, people are finding future in investing bitcoin gold is now just a name, it has not profit for holder and it is dangerous to hold at your home because anytime anyone can robe and take your gold, on the other hand bitcoin has wallets and it has digital presence which is unsnatch able

Trusting new technologies is very important because we are living in the most fast era where it is very easy to earn money, in old age people has been buying gold and keeping it for long term at home and history says those who kept so many gold at home lost their among for being robbed so that’s why we are investing in new technologies which is safe and good to hold.

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If bitcoin becomes a globally endorsed store of value, then, In terms of price and market cap, yes, it can surpass gold. Based on GFMS which produces regular gold surveys, their latest figure for all the gold in the world is 171,300 tonnes. with one ton currently being about 60 million dollars now, this keeps gold at around 7+ trillion market cap. But more gold will be mined in the future. For bitcoin, only 21,000,000 will ever be mined. But there are 36 millionaires in the world. Hence, if bitcoin becomes a global store of value eventually, even some millionaires will not be able to afford one bitcoin. This gives bitcoin the potential to hit the one million dollar mark as a store of value which will shoot it way past the market cap for gold.

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Quote from: Dhanems on March 11, 2019, 10:04:14 AM

Possible 100℅ ! Blockchain transaction nowadays are trending even the market is bearest...crypto holder as of today I think x3 compare last 2017.meaning more people know it already about the blockchain transaction.. As of now airlines accepting bitcoin, banks lunch their own bitcoin ATM..so very clearly bitcoin have a good future..

Bitcoin has more usage than gold. People buy gold and keep them / hold them. The gold has a value which increase with passage of time. We can only invest in gold. As far as bitcoin is concerned, it can be used as a currency and it can be traded as well. Also bitcoin is relativity new and available at very low price. This means that those who invested in bitcoins now can even get 10x or more in few years time.

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Quote from: Lpim01 on March 14, 2019, 07:22:46 AM

Quote from: Dhanems on March 11, 2019, 10:04:14 AM

Possible 100℅ ! Blockchain transaction nowadays are trending even the market is bearest...crypto holder as of today I think x3 compare last 2017.meaning more people know it already about the blockchain transaction.. As of now airlines accepting bitcoin, banks lunch their own bitcoin ATM..so very clearly bitcoin have a good future..

Blockchain technology become hot and very interesting just because people have found out that it have a huge potential in the market and could possibly change everyone's life. Switching into using crypto currency a wonderful experience for everyone and it really simplifies our work loads.

@OP
All the achievements doesn't meant that it competing gold or whatever, cause they are totally different in form and uses. So there is no need to compared this things.

No doubt blockchain is the best thing for crypto currency and fairly saying blockchain increase the real value of crypto currency all over the world, if we talk about gold then I know gold is good but crypto currency specially bitcoin is above gold, as gold is an old fashioned and low profit investing but crypto currency is future maker and money savior.

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Quote from: Ezenwanyi on March 13, 2019, 04:01:45 AM

I think you are right in a way.
It's possible for bitcoin to surpass gold both in popularity and good investment in the future.
By the time that bitcoin becomes generally accepted as a medium of payment , it will surpass gold.

Agree with you now a day bitcoin is gaining more important than any other investment including Gold, people are finding future in investing bitcoin gold is now just a name, it has not profit for holder and it is dangerous to hold at your home because anytime anyone can robe and take your gold, on the other hand bitcoin has wallets and it has digital presence which is unsnatch able

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Quote from: Dhanems on March 11, 2019, 10:04:14 AM

Possible 100℅ ! Blockchain transaction nowadays are trending even the market is bearest...crypto holder as of today I think x3 compare last 2017.meaning more people know it already about the blockchain transaction.. As of now airlines accepting bitcoin, banks lunch their own bitcoin ATM..so very clearly bitcoin have a good future..

Blockchain technology become hot and very interesting just because people have found out that it have a huge potential in the market and could possibly change everyone's life. Switching into using crypto currency a wonderful experience for everyone and it really simplifies our work loads.

@OP
All the achievements doesn't meant that it competing gold or whatever, cause they are totally different in form and uses. So there is no need to compared this things.

Whosdaddy

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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.

There is no need comparing the both of them. Both of them are good and you should just make your choice on which works better for you or what you like most. Gold is much safe than Bitcoin, but bitcoin is more valued. Lots of people trust gold, and there are lots of things that can can be done with it. It doesn’t serve only as an investment.

Quote from: slocker on March 11, 2019, 03:35:55 AM

Both gold and bitcoin have good and bad sides. Gold investors benefit from a number of factors similar to cryptocurrencies, without the added risk and volatility, which is fact.

A lot of people choose Bitcoin because of the volatility. The price can go up at anytime, yes… But these people never think of whether it will also go down in price. They just believe that it will keep on going up. That’s why a lot of people you see here are just so greedy and the bigger investors are just here to pump it and leave. Gold is always safe.

Ezenwanyi

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I think you are right in a way.
It's possible for bitcoin to surpass gold both in popularity and good investment in the future.
By the time that bitcoin becomes generally accepted as a medium of payment , it will surpass gold.

syamster

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Quote from: slocker on March 11, 2019, 03:35:55 AM

Both gold and bitcoin have good and bad sides. Gold investors benefit from a number of factors similar to cryptocurrencies, without the added risk and volatility, which is fact. Price for example in crypto case can jump over 100 times and fall down the same and all can be see in single day. The price of gold has risen steadily over the years and as such remains a stable and safe investment with low volatility. We could do this all day and compare what is good and what is not on both sides. but the fact remains gold is used as leverage, and bitcoin cuz is tax free.

I know gold is less volatile but don’t you think volatility is good to have in any investment because it gives more opportunities to earn with small investment, if price gets down we can buy and hold until it rise again, bitcoin is safe to hold as it has strong online wallets without any physical or touchable presence but gold is not safe to keep at home in high amount for long term.

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Possible 100℅ ! Blockchain transaction nowadays are trending even the market is bearest...crypto holder as of today I think x3 compare last 2017.meaning more people know it already about the blockchain transaction.. As of now airlines accepting bitcoin, banks lunch their own bitcoin ATM..so very clearly bitcoin have a good future..

slocker

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Both gold and bitcoin have good and bad sides. Gold investors benefit from a number of factors similar to cryptocurrencies, without the added risk and volatility, which is fact. Price for example in crypto case can jump over 100 times and fall down the same and all can be see in single day. The price of gold has risen steadily over the years and as such remains a stable and safe investment with low volatility. We could do this all day and compare what is good and what is not on both sides. but the fact remains gold is used as leverage, and bitcoin cuz is tax free.

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Quote from: JohnBitCo on March 09, 2019, 11:52:52 AM

Quote from: jhonjhon on February 25, 2019, 07:11:59 PM

Gold and Bitcoin are totally different from each other, when we come into stock market definitely gold have its great value but if we go into digital world, Bitcoin have its crown. There is no need to have their comparison, yet they have different in purpose and so they can be used separately cause gold isn't a kind of currency we used to buy stuffs and even pay services unlike of Bitcoin.

Gold and bitcoin has no similarity and hence cannot be compared. But if you want to ask which is more valuable, then I think bitcoin will be more valuable and precious in future. I would suggest everyone to collect the bitcoins and keep them save for few years. It can give massive return before 2022 or even before.

Hopefully it works well and crypto keep on surging high cause I know a lot of people believing this even during crisis.
It is a big opportunity for us having Bitcoin and it pretty sure it will give us rewards as we've been patiently keep waiting for its bounce back.
Though Gold is truly precious thing in real world but we have a better future with bitcoin than of this.

JohnBitCo

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Quote from: jhonjhon on February 25, 2019, 07:11:59 PM

Gold and Bitcoin are totally different from each other, when we come into stock market definitely gold have its great value but if we go into digital world, Bitcoin have its crown. There is no need to have their comparison, yet they have different in purpose and so they can be used separately cause gold isn't a kind of currency we used to buy stuffs and even pay services unlike of Bitcoin.

Gold and bitcoin has no similarity and hence cannot be compared. But if you want to ask which is more valuable, then I think bitcoin will be more valuable and precious in future. I would suggest everyone to collect the bitcoins and keep them save for few years. It can give massive return before 2022 or even before.

UmerIdrees

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Quote from: slocker on March 04, 2019, 12:05:37 PM

Bitcoin if we look at price already surpass gold, but if we look globally gold is still used by every government as leverage. Every country use this for every money credit they use they use gold as leverage. Basically the more gold they have stored the more money they can take loan. On this bitcoin is still far away for usage of this.

No one ever can denied the value of gold and it is never out of the interest of the people.
Bitcoin is very different from Gold. At present time bitcoin is very famous and in demand but we cannot say that this will remain forever. Bitcoin will be valuable till the time its demand is still there. Once we see any currency better than bitcoin, it will eventually end.

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Quote from: Distinctin on March 04, 2019, 09:43:10 AM

Quote from: yvesp110 on March 03, 2019, 02:41:49 PM

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Bitcoin and gold share some similarities, so we could say that these some differences are not to be overlooked, particularly from a trading point of view. Why? Gold is still regarded as a safe haven, while Bitcoin is renowned for being a particularly volatile asset. Which is true. Greater volatility brings with it a need for greater risk management in the form of position sizing and well-defined stop and take-profit levels.

You analysis does not make sense to me because if you are talking about risk then it is there for all kind of investments, if you invest in gold you will face more risk then you are facing for investing in bitcoin because bitcoin has no physical presence, it has safe wallets to hold and it increases our money more than triple, but gold has risk to hold at home for physical presence at the same price it grows only few dollars for one year.

Gold is a lifetime investment but in terms of making profit from it, it is totally far from of what it give to us by Bitcoin. Of course, people will absolutely looking for high gaining market no matter how risky it have as long as they'll have chances to double their money in few days unlike it can do for gold. In this event, may Bitcoin will totally surpass gold.

If we talk about profit then surely nothing is better than investing in bitcoin because it has high potential and it makes money grow bigger than any other way of making money, other things is security if we will hold our money as gold, I am sure it will be risky because robbers will take advantage and steal our investment but digital wallet is impossible to robe.

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