Can Bitcoin surpass Gold? - page 2. | Bitcointalksearch.org

Ever-young

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Quote from: HelliumZ on December 25, 2024, 12:39:52 PM

Ot course bitcoin more More better than gold.
Because
The price of gold increases fine but does not grow like Bitcoin.
Moreover, you need more security in gold because it can be robbed, stolen at any time, but if you store it in Bitcoin wallet, there is no chance of robbery.

Your chance of getting robbed for both bitcoin and gold is based on how the person protects those assets. For bitcoin, if you make your holding known to criminals, they can secretly attack you and force you to send those bitcoins to them irrespective of where you hide your key phrase.

The same thing is applicable to gold; if you become a target, they can come for you and rob you of all that you have. That's why it's advised for us to always keep our assets a secret in order to reduce a target on our back.

In terms of being flexible, Gold can easily be noticed when you try to move it around, not like Bitcoin that we transact from anywhere that we are, but that does not still change the fact that it can be robbed.

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Quote from: xenomorfo on December 26, 2024, 10:24:12 AM

Sorry for the stupid question, because i am not very good at these things..
I read that there was flipping or whatever they say in the Blackrock ETF
so we are not that far from this first objective, which is to surpass gold in blackrock ETF or whatever they are called
I am confident we can surpass in some year

What it would change in Bitcoin itself other than to bring more prestige and just be news for the people to discuss.
And a bit of a bullish sentiment would flow from that.

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Quote from: HelliumZ on December 25, 2024, 12:39:52 PM

Quote from: xenomorfo on December 20, 2024, 10:24:09 AM

in my opinion yes, we will be able to overtake gold given that bitcoin improves gold by a lot
gold is difficult to transport, difficult to store and the rogue state can seize it from you without you being able to say anything
so it has a lot of disadvantages
while bitcoin solves many of these

Ot course bitcoin more More better than gold.
Because
The price of gold increases fine but does not grow like Bitcoin.
Moreover, you need more security in gold because it can be robbed, stolen at any time, but if you store it in Bitcoin wallet, there is no chance of robbery.

Bitcoin is better for us because we can take advantage of its volatility to get rich quick, we can use it to store wealth without being tracked and monitored by the government. While gold is a much more stable asset, it is not suitable for us but it is suitable for governments and that is why gold is held so much by governments. Or for those who do not like volatility and need to find a safe haven, gold is also a more suitable choice.

In my opinion, there is no better asset when comparing the two, both have their pros and cons, and which asset is better depends on the individual.

Most of us just want to get rich quick and bitcoin is the best option but if we are millionaires, billionaires then I think we will need gold more because then we care more about stability and safety than profit.

xenomorfo

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Sorry for the stupid question, because i am not very good at these things..
I read that there was flipping or whatever they say in the Blackrock ETF
so we are not that far from this first objective, which is to surpass gold in blackrock ETF or whatever they are called
I am confident we can surpass in some year

HelliumZ

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Quote from: xenomorfo on December 20, 2024, 10:24:09 AM

in my opinion yes, we will be able to overtake gold given that bitcoin improves gold by a lot
gold is difficult to transport, difficult to store and the rogue state can seize it from you without you being able to say anything
so it has a lot of disadvantages
while bitcoin solves many of these

Ot course bitcoin more More better than gold.
Because
The price of gold increases fine but does not grow like Bitcoin.
Moreover, you need more security in gold because it can be robbed, stolen at any time, but if you store it in Bitcoin wallet, there is no chance of robbery.

Abiky

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Quote from: Zoomic on December 21, 2024, 02:56:32 AM

I think it's high time we allow bitcoin be bitcoin and gold be gold. This two have very distinct characteristics which makes them unique and appealing to those who value them. The truth is, whether bitcoin's price surpasses the price of gold or not, some will still stick to gold irrespective of the price difference. This are those who prefer tangible assets which has proven to be a good store of value. They prefer stability and a long lasting historical record. For those of us who prefer decentralization, financial freedom, privacy and ofcourse more returns, we know what we will choose.

The price of gold does not affect the price of bitcoin in any way and vice versa. We now see that this two are very distinct and not in any competition. We are the ones giving unnecessary comparisons. Let people invest in what they have faith in.

I wish it was that way. But unfortunately, the media has made the public believe Bitcoin is more like digital Gold than digital Cash (propaganda). Even "Wall Street" is pushing the "store of value" mindset. Now many are hoping BTC renders Gold obsolete in the future. I, for one, hope Bitcoin replaces Fiat. It was created as an alternative to the current monetary system. If trust on central banks is lost, this might become a reality someday.

As for Gold, I'm fine with its current position on the market. But if BTC continues to grow at an accelerated rate, there's a high chance it will surpass Gold's market cap in the future. There's nothing wrong with holding both assets. The world is uncertain, so anything's possible.

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Quote from: Dzwaafu11 on December 23, 2024, 02:49:23 AM

Quote from: ? on December 12, 2024, 11:23:08 AM

Which team do you fall into Digital Gold or Traditional Gold?

....
because gold has been in existence for a very long time now and is still yet to gain the level of adoption that bitcoin has gained, so I think in the future bitcoin will surpass gold.

What level of adoption has Bitcoin gained that gold has yet to gain? I think you are saying the opposite. Because as far as I know, with thousands of years of existence, going through thousands of fluctuations and instabilities of the world, gold has been recognized by the world as the best and safest asset. And that remains true today, despite the emergence and what bitcoin has achieved.

If our population is 8 billion people and except for ignorant children, I can assure you that everyone has a need and wants to own gold. In other words, 99.99% of the world's population knows about gold and wants to own it. I don't think bitcoin has achieved those things yet.

As for whether bitcoin can surpass gold or not, no one can guarantee and know for sure because as you said, the future is unpredictable. People who make predictions and assertions are simply stating their wishes, nothing more, nothing less.

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Quote from: Dzwaafu11 on December 23, 2024, 02:49:23 AM

Quote from: ? on December 12, 2024, 11:23:08 AM

Which team do you fall into Digital Gold or Traditional Gold?

If we should discuss it, I believe it will all be guesses. Everyone here will be guessing on which one to go for since we all did not really know the future, but if I’m to choose, I will go for bitcoin, that digital gold, because that is what I know about, what I believe, and have knowledge on. I don’t know anything about the gold market; that is why I can’t choose gold over bitcoin holding; also, the risk—I don’t know about gold, while I know the risk of hodling bitcoin.

However, talking about market cap, the market cap of gold is higher than the one for bitcoin, but that doesn’t really matter. Bitcoin has also done a lot to gain this adoption; that is why I’m still going for bitcoin, because in the future it will get bigger, because gold has been in existence for a very long time now and is still yet to gain the level of adoption that bitcoin has gained, so I think in the future bitcoin will surpass gold.

I think we should talk about it potential-wise, because the cap is shine and dandy, but the adoption of BTC makes of it a whole other beast on the global stage.
And as time goes on, Bitcoin would become even bigger and better due to others believing and understanding it too.

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Quote from: ? on December 12, 2024, 11:23:08 AM

Which team do you fall into Digital Gold or Traditional Gold?

If we should discuss it, I believe it will all be guesses. Everyone here will be guessing on which one to go for since we all did not really know the future, but if I’m to choose, I will go for bitcoin, that digital gold, because that is what I know about, what I believe, and have knowledge on. I don’t know anything about the gold market; that is why I can’t choose gold over bitcoin holding; also, the risk—I don’t know about gold, while I know the risk of hodling bitcoin.

However, talking about market cap, the market cap of gold is higher than the one for bitcoin, but that doesn’t really matter. Bitcoin has also done a lot to gain this adoption; that is why I’m still going for bitcoin, because in the future it will get bigger, because gold has been in existence for a very long time now and is still yet to gain the level of adoption that bitcoin has gained, so I think in the future bitcoin will surpass gold.

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Quote from: ? on December 23, 2024, 01:39:29 AM

Gold has stood the test of time as reliable store of value and is less volatile which makes it great for stability.

On the other hand, I see bitcoin as the future, it's portable, divisible, and accessible in a way gold could never be especially in this digital age.

For me I think it is smart to have both. Gold provides that steady foundation while bitcoin has the potential for massive growth as adoption keeps rising. I don't see it as a competition, more like they compliment each other.

Even if people hate gold and don't see a future with it, it still would be the king of the traditional finance world.
Maybe in 5-6 decades, we would be saying differently, but for now - it is what is.
But I would get more BTC than to get any gold in my pockets, if you ask me.

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Gold has stood the test of time as reliable store of value and is less volatile which makes it great for stability.

On the other hand, I see bitcoin as the future, it's portable, divisible, and accessible in a way gold could never be especially in this digital age.

For me I think it is smart to have both. Gold provides that steady foundation while bitcoin has the potential for massive growth as adoption keeps rising. I don't see it as a competition, more like they compliment each other.

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Quote from: Abiky on December 20, 2024, 08:04:01 PM

There are people who'll never believe Bitcoin will surpass Gold, because they're diehard fans of the "yellow metal". I took a peek at the Gold subreddit on Reddit, and most Gold holders talk negatively about Bitcoin. It's going to take a long time before the mainstream trusts BTC as the next digital Gold. Even if Bitcoin reached $100k, there are a lot of people worldwide who haven't used or heard about it before.

We're still in the early days. The time will come when BTC will surpass Gold's market cap. Then we will look back in the past when Gold was still a thing (as a store of value). In the future, Gold will cease to be an investment tool as its focus shifts solely on jewelry and industrial use cases. Just you wait and see.

I am not a fan of gold and I don't own much gold but I like to look at things realistically. I am also not saying that bitcoin cannot surpass gold because the future is unpredictable but I believe that it is unlikely to happen.

Historically, demand, safety, legitimacy...bitcoin has not surpassed gold and will not surpass gold in the near future. Gold is not only an asset that is needed by investors and people around the world, even governments have a huge demand for gold. Bitcoin has not reached that level yet, so saying that it will soon surpass gold is just baseless expectation of bitcoin investors.

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Quote from: moneystery on December 20, 2024, 05:45:31 AM

maybe most people here will say that bitcoin will surpass the capitalization of gold, but I myself am more realistic and don't think too far there. if the capitalization of bitcoin surpasses the capitalization of gold, then that's very good, but if it doesn't, then it doesn't matter either. we understand for ourselves how gold is in great demand globally and it is a reserve for backed currencies, so its value and also its adoption will continue to increase, and that makes it more difficult for bitcoin to surpass its capitalization. but no one can predict the future, and it is possible that bitcoin can surpass the capitalization of gold, _{or not.}

It will be very hard for the Bitcoin market capitalization to reach the one if gold. Even at that, I think we need to give respect to Bitcoin because it's never easy at all seeing a digital currency have so much adoption compared to gold that have been in circulation since the existence of humans. Gold has market capitalization that is up to 17 trillions while while Bitcoin is just one point something trillion which is not bad actually. Maybe by the time the price of Bitcoin hit 500k, the capitalization of Bitcoin could go close to that of gold.

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From the way Bitcoin is going, it is obvious that it will surpass gold in as much as gold has been in existence for long, now it doesn't matter how long in existence but how profitable it can be to man, Bitcoin growth can't be resistable as the world is becoming to know its importance,worth and uniqueness,and how profitable it can be to a broken economy by bringing and giving tremendous growth if invested for a Long-term. The kind of growth Bitcoin has experienced within these two months can't be over emphasize, everyone is wanting to have Bitcoin in his/her possession now, for it has changed the lives of many individuals in the world.

Zoomic

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I think it's high time we allow bitcoin be bitcoin and gold be gold. This two have very distinct characteristics which makes them unique and appealing to those who value them. The truth is, whether bitcoin's price surpasses the price of gold or not, some will still stick to gold irrespective of the price difference. This are those who prefer tangible assets which has proven to be a good store of value. They prefer stability and a long lasting historical record. For those of us who prefer decentralization, financial freedom, privacy and ofcourse more returns, we know what we will choose.

The price of gold does not affect the price of bitcoin in any way and vice versa. We now see that this two are very distinct and not in any competition. We are the ones giving unnecessary comparisons. Let people invest in what they have faith in.

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Quote from: Wind_FURY on December 19, 2024, 10:05:29 AM

Simple answer. YES

But many of you won't believe that like many last cycle didn't believe that six digits for Bitcoin was possible. When Bitcoin surges to seven digits per Bitcoin, everyone will say "Yes" to that question. Cool

It's not a laughable matter.

There are people who'll never believe Bitcoin will surpass Gold, because they're diehard fans of the "yellow metal". I took a peek at the Gold subreddit on Reddit, and most Gold holders talk negatively about Bitcoin. It's going to take a long time before the mainstream trusts BTC as the next digital Gold. Even if Bitcoin reached $100k, there are a lot of people worldwide who haven't used or heard about it before.

We're still in the early days. The time will come when BTC will surpass Gold's market cap. Then we will look back in the past when Gold was still a thing (as a store of value). In the future, Gold will cease to be an investment tool as its focus shifts solely on jewelry and industrial use cases. Just you wait and see.

xenomorfo

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in my opinion yes, we will be able to overtake gold given that bitcoin improves gold by a lot
gold is difficult to transport, difficult to store and the rogue state can seize it from you without you being able to say anything
so it has a lot of disadvantages
while bitcoin solves many of these

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The comparison is from south and west I think, BTC raises when there are lot of people in a GOOD MOOD (good news sells).
On the other hand, GOLD price most comes up when there are lot of BAD EVENTS like war.
It is because the gold is used as main reserve and global money.
But I think it is still possible for BTC to surpass GOLD, but not today or years from now, but it could be in more than a decade from now.

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Quote from: ? on December 12, 2024, 11:23:08 AM

I am not against hodling or buying bitcoin, infact i am an advocate for hodling bitcoin for the next couple of years because it’s certain there will be a huge increase in price to about $200,000 or higher in the future. But Gold is widely utilized compared to Bitcoin. Gold is also stable even though its price may fluctuate due to geopolitical factors and economic events whereas Bitcoin can be highly volatile.
Gold can be more reliable, this has been proven over and over. In this digital era, Bitcoin has accessibility, portability, divisibilty advantages over Gold.

For me both are still the best if they want to protect value because even though Bitcoin is quite speculative and gold is more likely to be safe, both of them are still a good choice. Holding will be much more profitable if someone applies it and may increase the value of the initial investment in bitcoin will increase when Bitcoin has increased significantly as happened this month. Gold has been a long time so there are many people who might be interested and gold is also more likely to be safe in storing values, although geopolitics can affect a little fluctuating.

It is a natural thing why gold has a large market capitalization because gold existed long before we were born. Bitcoin is still quite new so there is a need for adoption to defeat gold and for now this is not possible. Both may have a different number of market capitalization but if you want to get the maximum profit in a relatively faster time then Bitcoin is the best.

?

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Quote from: moneystery on December 20, 2024, 05:45:31 AM

maybe most people here will say that bitcoin will surpass the capitalization of gold, but I myself am more realistic and don't think too far there. if the capitalization of bitcoin surpasses the capitalization of gold, then that's very good, but if it doesn't, then it doesn't matter either. we understand for ourselves how gold is in great demand globally and it is a reserve for backed currencies, so its value and also its adoption will continue to increase, and that makes it more difficult for bitcoin to surpass its capitalization. but no one can predict the future, and it is possible that bitcoin can surpass the capitalization of gold, _{or not.}

It just would cause the fuzz around the news and shift the sentiment to talk about it Grin

In the end, BTC would remain all the same. And uphold the same ideals.

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