Topic: can bitcoin in the future surpass gold? - page 8. (Read 18450 times)
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.
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.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.
A lot of coins are dying or losing value in the cryptocurrencies. it is best to prefer the best known coins or leader coins... There are many currencies of the genus bitcoin which are the best crypto for us. If you deposit Bitcoin and wait for the future, you will be very profitable.
I think, if we compare Bitcoin vs Gold in many ways, we concluded that gold is the precious metal counterpart to the bitcoin. Like the bitcoin, gold must be obtained through mining. But, while gold is obtained through physical mining, bitcoins must be “mined” virtually through the deciphering of special computer encryptions. I guess Bitcoin will replace gold in the coming decades.
Gold is something which is ever green and it is always valuable.
He already surpass gold. But different can be amount we know how many bitcoin exists but in gold case we dont know the exact amount. People who do gold mining go on speculate that when they start will bring them good amount at season end. Bitcoin is mined with rigs, and gold is found everywhere under ground in water on mountains.
I am not agree at all because of we will invest in more than one asset it will distribute our attention and for making profit we will have to concentrate and get profit safely, the other thing we should consider ah value of our investment before investing so in this way crypto currency or digital money has much more value than gold, so I prefer investing in digital currency as it suits our modern age rather than an old fashioned investment life gold.
I think, if we compare Bitcoin vs Gold in many ways, we concluded that gold is the precious metal counterpart to the bitcoin. Like the bitcoin, gold must be obtained through mining. But, while gold is obtained through physical mining, bitcoins must be “mined” virtually through the deciphering of special computer encryptions. I guess Bitcoin will replace gold in the coming decades.
You're right. As Robert Kiyosaki used to say, "everything can be considered money that has value for you at the moment". Maybe in 10 years, maybe earlier, but one day the blockchain will be appreciated.
He already surpass gold. But different can be amount we know how many bitcoin exists but in gold case we dont know the exact amount. People who do gold mining go on speculate that when they start will bring them good amount at season end. Bitcoin is mined with rigs, and gold is found everywhere under ground in water on mountains.
I remeber when btc was 600, and tell when it will be the price of 1oz gold, I will convert ... so at 20k ... but psychologicaly, gold is gold, crypto is digital.
This difference will always exists and as per me even crypto will exists side bey side gold. Also people should be investing in different asset class and this is the best option rather than totally depending upon a single thing. Both will exists one being conventional and other being new age investment option.
I won't compare bitcoin to gold. I'm very sure that bitcoin will have that increased value in the future but I just can't tell about gold.
I won't give a thing about something that I don't have and never experienced investing on it.
Gold folks are very much optimistic about it and definitely for bitcoin folks like me, I'll tell that it will be able but for honest opinion I'm neutral.
I won't give a thing about something that I don't have and never experienced investing on it.
Gold folks are very much optimistic about it and definitely for bitcoin folks like me, I'll tell that it will be able but for honest opinion I'm neutral.
Is it a question that must be taken into account if it exceeds in Price or in Value? Since Gold has a Value and a Price, it has liquidity and represents security and guarantee. Bitcoin is a cryptocurrency that has no liquidity, has a value and a price that is usually volatile.
If you refer in price to exceed the Gold, yes, you can overcome it more than, but you must remember very well that it is not backed or has any liquidity, but rather the Supply and Demand. I believe that a comparison criterion does not apply, since it is like mixing in mathematics units of weight and volume, they are clearly different.
If you refer in price to exceed the Gold, yes, you can overcome it more than, but you must remember very well that it is not backed or has any liquidity, but rather the Supply and Demand. I believe that a comparison criterion does not apply, since it is like mixing in mathematics units of weight and volume, they are clearly different.
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.
Meh to be honest Bitcoin or any other cryptocurrency has a chance to surpass gold. Gold would Still be prefferd over cryptocurrency by many many people as gold is considered to be amore safe investment than cryptocurrency and the reason people believe in gold more than any other thing is because gold is around from quite a while.
We can't even more profitable with gold cause of its price stability and this thing is just a long term asset without a way of decreasing their prices unlike for crypto. But the good thing with crypto is that we can earned more profits due to its volatility and the price were keep on moving , and could have a way that it will be far from gold market value.
Meh to be honest Bitcoin or any other cryptocurrency has a chance to surpass gold. Gold would Still be prefferd over cryptocurrency by many many people as gold is considered to be amore safe investment than cryptocurrency and the reason people believe in gold more than any other thing is because gold is around from quite a while.
the possibility of bitcoin going through the price of gold can occur because the condition of the total supply of bitcoin is limited and can be seen in the circulation of bitcoin so I am very confident that the price of bitcoin will pass the gold price and I see a lot of investors looking at bitcoin rather than gold.
bitcoin is only able to compete with the price of gold but won't beat it.
Only price ? What about usage , interest , and others ? Many characteristics and traits are pretty simillar to each other .
But i agree on what you have said . bitcoin is only capable of competing other assets and payment methods but its nearly impossible for bitcoin to bypass or surpass them because bitcoin itself is not perfect for now .
bitcoin still needs alot of improvements and adjustments until it becomes a supercoin that will work on both full online and offline environments .
Bitcoin and gold can only compete with prices but will not be able to beat gold, and gold throughout the world knows that gold is a precious metal that has been around since precious ancient times.
Bitcoin is only able to compete but it won't beat gold and only a few people can use it in this world and must be supported by technological tools, and the price can change suddenly.
so bitcoin is only able to compete with the price of gold but won't beat it.
Bitcoin is only able to compete but it won't beat gold and only a few people can use it in this world and must be supported by technological tools, and the price can change suddenly.
so bitcoin is only able to compete with the price of gold but won't beat it.
I am sure that Bitcoin will sooner or later surpass gold, the need of the modern world for independence, the increasing interest of many participants will no doubt lead to the growth and popularity of Bitcoin.
It will not only surpass, but it can replace gold as security for fiat money. And the next step will be replacing of fiat money.Bitcoin or crypto is not backed by any Gold. Fiat currency is however backed by the gold. So there is no comparison between gold and Bitcoin. As far as adaption is concerned, bitcoin will be used as a currency so it will be more widely used. Gold will remain only as an investment.
Yes, I think, in value, demand and use case, bitcoin can surpass gold. We now live in a digital world where technology is innovating everyday. People do not stop improving the value of life which is too fast-paced, and soon, we will leave the physical exchange of merchandise and will turn to crypto alone. Physical gold will just be a reserve or a physical measurement of a country's wealth, but not that useful and in-demand anymore unlike bitcoin and other crypto.
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