It's already much harder to move the price of BTC: and it slowly will become harder and harder for institutions too, in my opinion.
A lot of bitcoin is concentrated in the hands of a few. Take Blackrock and all the ETFs or MicroStrategy, for example. They have what it takes to move the market. Bitcoin is a collateral for one type of bonds that MicroStrategy is selling to investors. If it becomes necessary to sell a big chunk of it due to a downward trend, it would cause a lot of panic selling, with other individuals and companies dumping their bitcoin. 
Topic: Can Bitcoin surpass Gold? - page 4. (Read 1535 times)
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Which team do you fall into Digital Gold or Traditional Gold?
I appreciate both Bitcoin and Gold and I will always take them seriously as part of my regular investment assets and will always find ways to manoeuvre my way around them, for I have discovered that the two have their time for earning maximization in investment and trading, it all depends on our experience and how we can unlock these earning potentials. So, I do not have any preference between the two, but from what your topic reads, if countries started recognising Bitcoin has its reserves, it might surpass Gold in market cap in a short period. Which team do you fall into Digital Gold or Traditional Gold?
With time, everything in human beings changes. Since ancient times, people have been very attracted to gold. It was valuable and still existed, but if we consider advantages in the current world, then we will put Bitcoin ahead of gold. The price of gold increases very slowly, whereas Bitcoin has the ability to increase much more than it in a short period of time. Moreover, there is no limitation in the price of gold, where if new minerals are found, the amount of gold will increase.
But the amount of Bitcoin will remain the same. That is why the demand for Bitcoin is very high. Moreover, the benefits that people get by using Bitcoin are not possible by using gold. Bitcoin is very easy to carry, which is not possible in the case of gold. We can definitely say that Bitcoin is a digital gold which is more expensive and attractive than gold.
But the amount of Bitcoin will remain the same. That is why the demand for Bitcoin is very high. Moreover, the benefits that people get by using Bitcoin are not possible by using gold. Bitcoin is very easy to carry, which is not possible in the case of gold. We can definitely say that Bitcoin is a digital gold which is more expensive and attractive than gold.
Gold prices are rising slowly because it has become so big, gold has a market capitalization of $18 trillion and is the world's largest asset. Meanwhile, Bitcoin is still quite small compared to gold so there will be more volatility but as Bitcoin gets bigger, volatility will also decrease.
Gold has no fixed supply, but its demand and utility are many times higher and more diverse than bitcoin. It is used in many industrial fields, not just for investment or jewelry making. Meanwhile, digital assets like bitcoin are currently only used as a form of investment or speculation. So the demand for gold will clearly always outstrip bitcoin. So, expecting bitcoin to surpass gold is possible but not as easy as many people think.
We can also say about defi, but of course - BTC is the coin not used in that field due to the fact it's - the - coin, and giving somebody the privilege of keeping your BTC without you being at the helm is considered poor decision-making.
It will not be easy - but digital always beats traditional.
With time, everything in human beings changes. Since ancient times, people have been very attracted to gold. It was valuable and still existed, but if we consider advantages in the current world, then we will put Bitcoin ahead of gold. The price of gold increases very slowly, whereas Bitcoin has the ability to increase much more than it in a short period of time. Moreover, there is no limitation in the price of gold, where if new minerals are found, the amount of gold will increase.
But the amount of Bitcoin will remain the same. That is why the demand for Bitcoin is very high. Moreover, the benefits that people get by using Bitcoin are not possible by using gold. Bitcoin is very easy to carry, which is not possible in the case of gold. We can definitely say that Bitcoin is a digital gold which is more expensive and attractive than gold.
But the amount of Bitcoin will remain the same. That is why the demand for Bitcoin is very high. Moreover, the benefits that people get by using Bitcoin are not possible by using gold. Bitcoin is very easy to carry, which is not possible in the case of gold. We can definitely say that Bitcoin is a digital gold which is more expensive and attractive than gold.
Gold prices are rising slowly because it has become so big, gold has a market capitalization of $18 trillion and is the world's largest asset. Meanwhile, Bitcoin is still quite small compared to gold so there will be more volatility but as Bitcoin gets bigger, volatility will also decrease.
Gold has no fixed supply, but its demand and utility are many times higher and more diverse than bitcoin. It is used in many industrial fields, not just for investment or jewelry making. Meanwhile, digital assets like bitcoin are currently only used as a form of investment or speculation. So the demand for gold will clearly always outstrip bitcoin. So, expecting bitcoin to surpass gold is possible but not as easy as many people think.
I can totally see both sides of the argument.
On one hand, BTC's potential for huge frowth is hard to ignore especially with how it's been gaining popularity and breaking new ground. It has clear advantages like being easy to transfer and divide which gold can't match.
But on the other hand, gold has stood the test of time. It's been a go-to store of value for centuries and people trust it especially in times of crisis.
It's really about balancing both in a portfolio and understanding their respective roles.
On one hand, BTC's potential for huge frowth is hard to ignore especially with how it's been gaining popularity and breaking new ground. It has clear advantages like being easy to transfer and divide which gold can't match.
But on the other hand, gold has stood the test of time. It's been a go-to store of value for centuries and people trust it especially in times of crisis.
It's really about balancing both in a portfolio and understanding their respective roles.
Simply put - BTC is about the future.
It's the digital evolution, made by people with ideals in mind.
And these ideals are still upheld today.
I can totally see both sides of the argument.
On one hand, BTC's potential for huge frowth is hard to ignore especially with how it's been gaining popularity and breaking new ground. It has clear advantages like being easy to transfer and divide which gold can't match.
But on the other hand, gold has stood the test of time. It's been a go-to store of value for centuries and people trust it especially in times of crisis.
It's really about balancing both in a portfolio and understanding their respective roles.
On one hand, BTC's potential for huge frowth is hard to ignore especially with how it's been gaining popularity and breaking new ground. It has clear advantages like being easy to transfer and divide which gold can't match.
But on the other hand, gold has stood the test of time. It's been a go-to store of value for centuries and people trust it especially in times of crisis.
It's really about balancing both in a portfolio and understanding their respective roles.
For me, I already overcome it and it was a long time ago, there is no need to ask so much, they are different, they have different times, but the most accepted and most people think about having it is bitcoin, in addition, bitcoin offers many more benefits, gold has always been recognized, it cannot be underestimated, those who have gold, well, I understand, they also have wealth, and if it makes me choose between gold and bitcoin, then I choose bitcoin, and if I have gold, then I change to fiat and buy bitcoin, it's simple.
Nobody forbids you from having both.
But I agree - it's essential to know more about BTC to understand that it's the future - the one with the potential for something new going along with it.
And with much boons for those willing to go there, in the unexplored territory.
In my opinion Gold is more stable than bitcoin so bitcoin can`t be that stable so people can hold it in larger quantities or amounts. You can posses gold with you but you can`t posses bitcoin physically so for me GOLD will the world for next 1000 years.
Gold has a much larger market cap, hence it doesn't react in such a volatile way when new money flows in/out of it. If Bitcoin had the same market cap, its price would also be more stable. Physical possession isn't such an advantage as you think. First of all, you have to store it somewhere. Most probably in a safe or a bank. That costs money. You can also keep it at your home under your mattress, but who does that? Secondly, it's not divisible. How are you going to pay something worth 1/5 of the gold bullion/coin you have? With bitcoin, that's not a problem. Thirdly, good luck trying to cross a border with it. Want to transport it somewhere else? Enjoy the transportation costs.
With digital money, you don't care about any of that.
Volatility is what makes BTC - BTC.
And its cap is becoming bigger with each cycle that comes by - it's already much harder to move the price of BTC: and it slowly will become harder and harder for institutions too, in my opinion.
For me, I already overcome it and it was a long time ago, there is no need to ask so much, they are different, they have different times, but the most accepted and most people think about having it is bitcoin, in addition, bitcoin offers many more benefits, gold has always been recognized, it cannot be underestimated, those who have gold, well, I understand, they also have wealth, and if it makes me choose between gold and bitcoin, then I choose bitcoin, and if I have gold, then I change to fiat and buy bitcoin, it's simple.
So far the condition that one bitcoin is definitely worth more than one kg of gold. The supply of gold is infinite, but the supply of bitcoin is limited and if we compare the limited with the infinite, it is clear that we cannot provide the same amount of supply as the demand for bitcoin will increase, so the price of bitcoin will increase in the market. On the other hand, due to the infinite supply of gold, as the demand increases, the supply will increase as the price of the fruit will not increase in the market like Bitcoin. If the price does not rise like Bitcoin, then only in the future will the Bitcoin market capture the gold market and move upwards.
Bitcoin has potential to take over the first position of gold, but it is still very new so it looks to be dangerous with many traditional investors, the elderly, the middle aged, and institutional investors.Institutional investors have begun to change their stance on Bitcoin and they are bringing more capital to this market. Microstrategy, Black Rock, many ETFs, many big companies have been participating in this market, and the numbers are growing fastly.
With more demand, more new capital in, price will rise because supply is increasing slower than demand growth as consequence of Bitcoin halvings so far.
How is the 21M Bitcoin cap was defined and enforced
one word: "yes"
Or two - hell yes!
It was already bigger than 1 kg of gold when it crossed 85k or so.
So far the condition that one bitcoin is definitely worth more than one kg of gold. The supply of gold is infinite, but the supply of bitcoin is limited and if we compare the limited with the infinite, it is clear that we cannot provide the same amount of supply as the demand for bitcoin will increase, so the price of bitcoin will increase in the market. On the other hand, due to the infinite supply of gold, as the demand increases, the supply will increase as the price of the fruit will not increase in the market like Bitcoin. If the price does not rise like Bitcoin, then only in the future will the Bitcoin market capture the gold market and move upwards.
In my opinion Gold is more stable than bitcoin so bitcoin can`t be that stable so people can hold it in larger quantities or amounts. You can posses gold with you but you can`t posses bitcoin physically so for me GOLD will the world for next 1000 years.
Gold has a much larger market cap, hence it doesn't react in such a volatile way when new money flows in/out of it. If Bitcoin had the same market cap, its price would also be more stable. Physical possession isn't such an advantage as you think. First of all, you have to store it somewhere. Most probably in a safe or a bank. That costs money. You can also keep it at your home under your mattress, but who does that? Secondly, it's not divisible. How are you going to pay something worth 1/5 of the gold bullion/coin you have? With bitcoin, that's not a problem. Thirdly, good luck trying to cross a border with it. Want to transport it somewhere else? Enjoy the transportation costs.
With digital money, you don't care about any of that.
In my opinion Gold is more stable than bitcoin so bitcoin can`t be that stable so people can hold it in larger quantities or amounts. You can posses gold with you but you can`t posses bitcoin physically so for me GOLD will the world for next 1000 years.
With Bitcoin, you can store it in a hardware wallet and bring it around the world. It's portable and very convenient, not like gold. How do you bring your physical gold around the world without issues at national borders and police, customs at airpots and so on?With gold, physically if you own more, you will have more problems to bring it around. It's too heavy, cumbersome and not conveniently portable like Bitcoin.
Gold is proven as worse investment asset than Bitcoin.
Bullish case for Bitcoin which is better than Gold.
https://casebitcoin.com/charts#roi_chart
I was having an argument with my colleagues earlier about the possibility of Bitcoin surpassing Gold?
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
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.
Which team do you fall into Digital Gold or Traditional Gold?
Gold has been dominating the economy and markets for thousands of years as a means of exchange and holding wealth(even generational wealth). On the contrary, Bitcoin(which is now called digital gold) was launched in 2009 and has achieved widespread adoption and success. It has been growing rapidly ever since.
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.
Which team do you fall into Digital Gold or Traditional Gold?
In my opinion Gold is more stable than bitcoin so bitcoin can`t be that stable so people can hold it in larger quantities or amounts. You can posses gold with you but you can`t posses bitcoin physically so for me GOLD will the world for next 1000 years.
legendary
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Gold is stable because it has a higher market cap compared to Bitcoin which has a lower market cap. I still remember back in 2017-2018 when the market cap of Bitcoin is very low (at around billions at that time), and it can be manipulated very easily. Now, it's harder for that to do with Bitcoin, but I'm not saying that it's impossible.
Which team do you fall into Digital Gold or Traditional Gold?
As somebody that didn't even see a true Gold, I would always go with the digital gold since that's the one that I have access with, and for sure, most here will say the same. One of my dreams though is to have a true gold to hold, but nobody's selling it within our area. 
Are you kidding? I don't think there is anyone who hasn't seen physical gold. An asset that is thousands of years old, recognized worldwide, and has liquidity in the trillions of dollars, how can someone not have seen gold in their lifetime?
The price of gold is higher than ever but the way bitcoin is increasing in value and demand, it is expected that bitcoin will outperform gold in the past few years. Bitcoin is considered a valuable asset and if one can invest in bitcoin now there is a possibility of getting huge returns in the near future. A lot of profit is possible in a short period of time but the price of gold tends to rise slowly. Bitcoin is becoming a great means of investment for everyone in terms of future security and savings. In most cases bitcoin is considered a long-term investment option the issue of return is also assured.
one word: "yes"
Or two - hell yes!
It was already bigger than 1 kg of gold when it crossed 85k or so.
one word: "yes"
Gold is unlimited supply, Bitcoin has limited supply with only ~21M in total supply (20.9999M BTC).
Gold total supply on Earth is only estimated and we can not know how many gold ounces will exist in future from Earth resource. If we count gold supply from asteroids, other planets, it will be bigger than an estimation of possible gold on Earth.
Don't know gold total supply makes its worse than Bitcoin, with a fixed total supply, 21M, and this 21M BTC total supply can not be changed. New gold supplies can appear in future but with Bitcoin, there will be more bitcoins lost in future by careless people. Gold and Bitcoin are different in total supplies and in future circulating supplies too.
Supply is one of the factors that drives the value of an asset but is not the main factor, the use case is the main factor that determines the value of an asset. Gold has a larger supply than bitcoin but it has been used in almost every industry, in the daily life of mankind for the past 1,000 years. It can be said that the demand for gold is limitless and that is why even if any country announces the discovery of a larger gold mine, the price of gold is never volatile. And the discovery of more gold mines is a good thing and is always welcomed by the world because the demand for gold is very high and will never be enough.
Meanwhile, bitcoin is used only as an investment and its demand is unlikely to surpass that of gold. So it has a chance to surpass gold but it is not as easy as people think and it takes a lot of time.
legendary
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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.
I disagree with some that you said TBH.1. It's certain that Bitcoin will reach $200,000 or higher in the future. In the world of crypto, there's no such thing as "CERTAIN" and we all are living in probabilities. What is your evidence that Bitcoin will reach that price in the future? You're just predicting, right? I know I'm bullish about the future of Bitcoin, but I'm leaning towards the fact that there's still a chance that it might not happen.
2. Holding Bitcoin in the next couple of years might be or might not be profitable if you're investing. Yes, holding Bitcoin is one that I recommend as well to others, but please say to them that, it isn't guaranteed that you will make profit by investing on it.
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.
Gold is stable because it has a higher market cap compared to Bitcoin which has a lower market cap. I still remember back in 2017-2018 when the market cap of Bitcoin is very low (at around billions at that time), and it can be manipulated very easily. Now, it's harder for that to do with Bitcoin, but I'm not saying that it's impossible. Gold can be more reliable, this has been proven over and over. In this digital era, Bitcoin has accessibility, portability, divisibilty advantages over Gold.
Which team do you fall into Digital Gold or Traditional Gold?
As somebody that didn't even see a true Gold, I would always go with the digital gold since that's the one that I have access with, and for sure, most here will say the same. One of my dreams though is to have a true gold to hold, but nobody's selling it within our area. Jump to: