Topic: Can Bitcoin surpass Gold? - page 9. (Read 2140 times)
I don't think that since the existence of Bitcoin gold have a much value as it has before because many persons who is into investment of digital currency is now investing in Bitcoin more than gold investment so I believe that bitcoin investment has gone viral and many persons is now interested in Bitcoin is state of gold investment so based on that i will you say that bitcoin investment is dominating any other digital currency investment since 2009 Bitcoin is being introduced to the world bitcoin has supercedes the existence of other currencies digitally.
Recently bitcoin has surpassed silver as the second most valuable metal, but gold is worth much more, so if bitcoin can surpass gold, it may take years.
On the other hand, I believe that this will happen because the supply of bitcoin is much more limited.
I know that all the negativities on the fiat side will benefit bitcoin, which is digital gold, and physical gold.
On the other hand, I believe that this will happen because the supply of bitcoin is much more limited.
I know that all the negativities on the fiat side will benefit bitcoin, which is digital gold, and physical gold.
The way bitcoin buit it's foundation I was happy because because the usage of metal have been in existence now for a very long time now, and from the beginning people will prefer to use metal as a representation of there wealth since that is how they do there things, but the world is changing and it is changing very fast and no one expected bitcoin to actually gain more grounds like this, and since it is now so I won't be surprised to see bitcoin surpassing gold, even if it will take years.
And the issue of limitation when it comes to supply of bitcoin is what makes it what it is because it might get to a point were is not everyone that will have access to bitcoin and gold is a mineral resource thay everyone can actually have access to as far the money to buy is available and it is almost every were and bitcoin gives more opportunities than gold.
And the way the price of bitcoin have been increasing it is giving more opportunities to bitcoin because the number of investors have increased and that is why I think it's more interesting, to do bitcoin than gold.
Personally, I think gold is overvalued. It works fine as a regular material for jewelry or electronics, but I dont get why people treat it like some magical investment. Its price comes more from tradition and human psychology than anything special about the metal itself. People just got used to thinking of it as valuable over history. But if you look at its real usefulness today, it doesnt seem worth that high of a cost. Gold bugs talk up qualities like scarcity to justify the value, but those strike me as excuses to keep up tradition not solid reasoning. Id rather put my money into something more practical.
I never understood this or that when we can choose both. 
Gold is way ahead in the marketcap and Bitcoin probably need a couple more decades to reach that but is that stopping any individual from buying bitcoin for that matter absolutely no, so better to invest on both since two has more possibility to succeed and if there's any unfortunate circumstances coming up in the future at least one will be useful.
Gold is way ahead in the marketcap and Bitcoin probably need a couple more decades to reach that but is that stopping any individual from buying bitcoin for that matter absolutely no, so better to invest on both since two has more possibility to succeed and if there's any unfortunate circumstances coming up in the future at least one will be useful.
I would say i am into the 'BTC team', because i am holding more BTC than gold, but to be honest, i recommend the two assets, if you can have the two of them, then you should. I don't know how long it will take BTC marketcap to surpass that of gold, that is if it will ever happen, and if it will, we are looking at many years from now and it is hard to predict.
If it doesn’t happen next year, it will happen in 2029.
What? You means for bitcoin marketcap to surpass gold marketcap? Gold marketcap which is $18.4 trillion now is far higher than bitcoin marketcap which is 2 trillion right now. I do not think bitcoin marketcap can grow so fast like that. Also as I posted before, the way gold marketcap is increasing is very high. Also I will prefer bitcoin to grow with how its volatility is reducing. 
Which team do you fall into Digital Gold or Traditional Gold?
I am for the digital gold, Bitcoin. 
People that are for gold, have no problem if they stick to it because that's what they know as an asset. And for us that understand Bitcoin, we're for it because this is what we know and what we understand. So, two choices as assets but both are good and a store of value. Many still don't like the idea of keeping Bitcoin as their store of value because they don't understand it quite yet. But us, we know where it is heading in the next years to come.
Recently bitcoin has surpassed silver as the second most valuable metal, but gold is worth much more, so if bitcoin can surpass gold, it may take years.
On the other hand, I believe that this will happen because the supply of bitcoin is much more limited.
I know that all the negativities on the fiat side will benefit bitcoin, which is digital gold, and physical gold.
On the other hand, I believe that this will happen because the supply of bitcoin is much more limited.
I know that all the negativities on the fiat side will benefit bitcoin, which is digital gold, and physical gold.
Which team do you fall into Digital Gold or Traditional Gold?
how many times have i seen this topic here before and the answer must remain the same if you can buy both go buy both if i i could only buy one right now i’d go for bitcoin as currently it is the more profitable one and easier to obtain/store compared to physical gold maybe there will also be real digital gold someday but that kind of system needs perfecting so we still hasn’t seen that 
In the current cycle, it sounds too exaggerating, but in my view for sure Bitcoin is gonna hit $1M and I'm talking about this for the next 5 to 10 years plan where when Bitcoin reaches that level in the capital race sure it's gonna beat GOLD, Ohhh Satoshi how proudful are you gonna feel after creating a digital asset which is gonna dominate the asset class ranking haha.
I want to do something crazy like him in any field where my name should be remembered in good books, anyway, for now, Bitcoin is doing pretty good and be careful we are gonna through the middle of the bull run, many people think it was just a random parabolic run but it was for the achievement of mid of journey.
I want to do something crazy like him in any field where my name should be remembered in good books, anyway, for now, Bitcoin is doing pretty good and be careful we are gonna through the middle of the bull run, many people think it was just a random parabolic run but it was for the achievement of mid of journey.
Not to scare the life out of anybody, but the way I see it is that when gold holders pass😇 who i think should be in the 30+ age group maybe older, and the children get hold of these assets as inherentence ...chances are that they could convert the gold to digital gold(bitcoin) which is much easy to carry, easy to transfer and exchange and millennials will for sure not think twice about this & go the Bitcoin path.
But truth of the matter is that it all comes down to preference, but for sure BTC is going to surpass Gold.
But truth of the matter is that it all comes down to preference, but for sure BTC is going to surpass Gold.
Which team do you fall into Digital Gold or Traditional Gold?
Now Bitcoin is ranked 8th in the list of assets with the largest market capitalization and Gold is at the top with USD 17.23 trillion. That number may have changed.It is reasonable if Gold as an asset with that capitalization is compared to Bitcoin which is very far from Gold when Bitcoin was created. We must admit that Bitcoin is an asset that is in the top 10 with a limited amount.
The potential for Bitcoin to rise in rank leaving the assets above it has a high possibility of happening if several influential countries in the world continue to realize the importance of Bitcoin.
You know which side I am on.
Discussions like this have been stirred up multiple times here on this forum and the fact is people will still drop the same answers and owning to the rate at which bitcoin has grown in price over this short period of time, more people will definitely go for bitcoin order than gold. If you should compare both of them, bitcoin has the highest growth in both price and adoption over the last decade and is still topping the charts currently.
There are many reasons why most people will go for bitcoin over gold and one of them is volatility. Bitcoin is far more volatile than gold and that's why it can create a huge price gap over a short period of time. Another thing is accessibility and storage, bitcoin is easier to get and also easier to store compared to gold that is high it weight and difficult to conceal or move around.
There are many reasons why most people will go for bitcoin over gold and one of them is volatility. Bitcoin is far more volatile than gold and that's why it can create a huge price gap over a short period of time. Another thing is accessibility and storage, bitcoin is easier to get and also easier to store compared to gold that is high it weight and difficult to conceal or move around.
I only hold bitcoin and no gold but to be fair: bitcoin won't easily overtake gold and it won't happen in the near future.
It is true that bitcoin is getting a lot of attention from all over the world and the demand for it is also increasing significantly. But if we do the polls, we will see that the demand for bitcoin is not as big as we think and will not be enough to compare with gold, an asset that has been around for thousands of years and is in demand worldwide . Like in my area most people have heard and know about bitcoin but when I ask them if they want to invest or have invested in bitcoin they all seem hesitant and not ready. So expecting bitcoin to outperform gold in this bull cycle or the next is just hype and somewhat biased prediction.
It is true that bitcoin is getting a lot of attention from all over the world and the demand for it is also increasing significantly. But if we do the polls, we will see that the demand for bitcoin is not as big as we think and will not be enough to compare with gold, an asset that has been around for thousands of years and is in demand worldwide . Like in my area most people have heard and know about bitcoin but when I ask them if they want to invest or have invested in bitcoin they all seem hesitant and not ready. So expecting bitcoin to outperform gold in this bull cycle or the next is just hype and somewhat biased prediction.
I still support Diversification
Though they are both store of values, there are needs Gold can satisfy that Bitcoin can't
So it's relevance can't be overlooked even if it surpassed by Bitcoin.
Yeah Bitcoin has the potential to surpass Bitcoin and like said Potential
But just Potential wouldn't cut it.
I trust in the failings of Fiat and this would increase the likelihood of Bitcoin surpassing Gold in the shortest time.
Though they are both store of values, there are needs Gold can satisfy that Bitcoin can't
So it's relevance can't be overlooked even if it surpassed by Bitcoin.
Yeah Bitcoin has the potential to surpass Bitcoin and like said Potential
But just Potential wouldn't cut it.
I trust in the failings of Fiat and this would increase the likelihood of Bitcoin surpassing Gold in the shortest time.
Which team do you fall into Digital Gold or Traditional Gold?
I am a part of both the teams! Digital as well as physical. Because gold is not always used for extraordinary gains. It's mostly used for capital protection. It's not volatile as Bitcoin so Gold is always a preferred option in my portfolio.
Bitcoin has a real long way to go before it can overtake gold's market cap. Considering Bitcoin's limited supply, it may be impossible as well. Let's not divide between gold and Bitcoin. Rather let's enjoy both assets.
Given Bitcoin’s limited supply and the ETFs seemingly ever growing need to accumulate, along with companies like MSTR buying at every opportunity, I think it is likely only a matter of time before it’s market cap surpasses gold. Gold is being manipulated with paper and new deposits are found regularly. If it doesn’t happen next year, it will happen in 2029.
Definitely I will choose bitcoin for holding but gold marketcap is far higher for now and it should not be what we should debate on because it will only be guesses if we choose bitcoin. I remember when I checked gold marketcap 3 years ago, it was $11 trillion but now $18.4 trillion. Gold marketcap is really increasing. Even as bitcoin added more in price than gold, gold added more in marketcap far more than bitcoin.
There is a long way if bitcoin is to overtake gold in terms of market cap. But let's not forget that never generations and their investors will probably see more value in bitcoin than in gold. Things may change in a future when we are no longer here.
Gold's market cap is over $18 trillion. Bitcoin's is around $2 trillion. Bitcoin would have to be worth around $1 million per coin to surpass gold. That's ten times its current value. We have already seen such predictions being made for the year 2050 or something like that. Usually when I am pessimistic about something, it happens. So I will be a pessimist and say that bitcoin won't overtake gold.
Gold's market cap is over $18 trillion. Bitcoin's is around $2 trillion. Bitcoin would have to be worth around $1 million per coin to surpass gold. That's ten times its current value. We have already seen such predictions being made for the year 2050 or something like that. Usually when I am pessimistic about something, it happens. So I will be a pessimist and say that bitcoin won't overtake gold.
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?
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