Bitcoin and Gold is in different category but I think and hope in the future that bitcoin will be more stablelized and it could be considered a virtual currency version of gold. On the other hand, I don't believed those project claiming to be backed by gold. I have been seeing a lot of projects like that but all are turned scammed.
it's true that these two currencies have very clear differences but if there are some projects that say they have a concept that is supported by gold I think it only gets support from gold traders and groups that have a large amount of gold to support the price of coins from a project to keep it stable.
Topic: Gold and Crypto - page 3. (Read 871 times)
Even if it is backed by gold. Will you ever see that gold? Probably not. So it may as well not be there. I think if they can back up 10% of the value of their coin then that will be plenty good enough since there will never be more then 10% of people withdrawing their gold. They will rather go on the fact that they can always get the gold whenever they want and that is what gives it it's value. Very much traditional fiat that is meant to be tied to gold.
No intellectual value? Seriously? Gold is only worth anything since it is rare and shiny. Bitcoin is also rare its basically the digital version.
In my understanding, between gold and crypto is very different. because gold has an intrinsic value while the cryto currency has no intellectual value. therefore it is not possible if the BTC changes in gold options.
No intellectual value? Seriously? Gold is only worth anything since it is rare and shiny. Bitcoin is also rare its basically the digital version.
In my understanding, between gold and crypto is very different. because gold has an intrinsic value while the cryto currency has no intellectual value. therefore it is not possible if the BTC changes in gold options.
Bitcoin and Gold is in different category but I think and hope in the future that bitcoin will be more stablelized and it could be considered a virtual currency version of gold. On the other hand, I don't believed those project claiming to be backed by gold. I have been seeing a lot of projects like that but all are turned scammed.
it's true that these two currencies have very clear differences but if there are some projects that say they have a concept that is supported by gold I think it only gets support from gold traders and groups that have a large amount of gold to support the price of coins from a project to keep it stable.
Bitcoin and Gold is in different category but I think and hope in the future that bitcoin will be more stablelized and it could be considered a virtual currency version of gold. On the other hand, I don't believed those project claiming to be backed by gold. I have been seeing a lot of projects like that but all are turned scammed.
Hi PEPs I am here to talk about GOLD. The valuable metal has been utilized by various developments and it has helped people to store an incentive during times of financial vulnerability. The fundamental inquiry is whether Bitcoin (BTC) will ever have the option to turn into a comparative resource for ensure clients' worth or other Coins that claimed to be backed by real gold can actually live up to that standard? willing to hear from you guys
Many investor looking which one profitable for investing without risk like gold, but I dislike for long term investing and earn little profit like gold investment, every body know how much increase of gold investment yearly maybe about 5% is most higher increase amount. I like faced big risk with bitcoin although have can be lower price but I keep for investing in crypto and get much profit although just one week investment. 
Gold is a fairly safe and stable economic storage unit that rarely loses its value. The same goes for cryptocurrencies, whose function and value are quite similar to gold. In the current economic era, cryptocurrencies are carrying a lot of responsibilities like gold.
I am not agree with you. How can virtual BTC with high volatility have the same function as the physically existing gold with the least volatile price? BTC is already used in many places, while the usefulness of gold as a payment method is limited. Gold is just metal and we are the ones that add value. Gold may be replaced by another metal or none of metal may be valuable. "But BTC is unique." 
This gold vs. bitcoin discussion is probably as old as this forum is.
I have nothing against gold myself, but if I had to make a choice between it and bitcoin, I would choose bitcoin with no hesitation whatsoever. Take a look at how gold has performed in the market in the past 10 years and then compare that to bitcoin's chart. Bitcoin has been more volatile by far, but that trait makes it much better for traders who want to make a profit, plus bitcoin has simply performed better than gold.
Gold isn't going to move in terms of value, not in the short or long term future (10 years or so) unless there's a *major* economic crisis and investors start looking for safe places to put their money. Bitcoin is probably going to do much better than gold in any case, so the choice is an obvious one for me.
I have nothing against gold myself, but if I had to make a choice between it and bitcoin, I would choose bitcoin with no hesitation whatsoever. Take a look at how gold has performed in the market in the past 10 years and then compare that to bitcoin's chart. Bitcoin has been more volatile by far, but that trait makes it much better for traders who want to make a profit, plus bitcoin has simply performed better than gold.
Gold isn't going to move in terms of value, not in the short or long term future (10 years or so) unless there's a *major* economic crisis and investors start looking for safe places to put their money. Bitcoin is probably going to do much better than gold in any case, so the choice is an obvious one for me.
Many of us would choose bitcoin over gold. Kids now days would choose game tokens over dollars, just to be clear on that. New generations don't care about gold and dollars, they care about digital stuff and everything that is connected with technology. They will use gold as conductors and as a luxury metal, but nothing more, its the future of gold to be one of this two, luxury or someone will make something good from that piece of metal.
It would be really great if people stops comparing gold with bitcoin. Gold is a valuable metal that is scarce. Gold has physical existence, but crypto currencies have no such physical existence. It exists only virtually. Not sure what you meant by "turn into a comparative resource for ensure clients' worth or other Coins ". I guess you are trying to say if the price rise can be used as an incentive to store bitcoin for long run. If so, then yes it can be!
They are both in different ways, people always comparing this too, well in fact they are not in the same categories, the only thing they are in common is they are both good investment for the future, but gold has been good investment for a centuries while bitcoin is about a decade only, it all depends on your budget in which you will put the bigger investment of your money. 
This gold vs. bitcoin discussion is probably as old as this forum is.
I have nothing against gold myself, but if I had to make a choice between it and bitcoin, I would choose bitcoin with no hesitation whatsoever. Take a look at how gold has performed in the market in the past 10 years and then compare that to bitcoin's chart. Bitcoin has been more volatile by far, but that trait makes it much better for traders who want to make a profit, plus bitcoin has simply performed better than gold.
Gold isn't going to move in terms of value, not in the short or long term future (10 years or so) unless there's a *major* economic crisis and investors start looking for safe places to put their money. Bitcoin is probably going to do much better than gold in any case, so the choice is an obvious one for me.
I have nothing against gold myself, but if I had to make a choice between it and bitcoin, I would choose bitcoin with no hesitation whatsoever. Take a look at how gold has performed in the market in the past 10 years and then compare that to bitcoin's chart. Bitcoin has been more volatile by far, but that trait makes it much better for traders who want to make a profit, plus bitcoin has simply performed better than gold.
Gold isn't going to move in terms of value, not in the short or long term future (10 years or so) unless there's a *major* economic crisis and investors start looking for safe places to put their money. Bitcoin is probably going to do much better than gold in any case, so the choice is an obvious one for me.
Why change and be compared with gold? if without that bitcoin can exceed expectations and in just a decade the price could rise several times? Yes, maybe, on the other hand, will reduce the risk of volatility and more people will join because the risk is lower and easier to manage. But on the other hand, it also has flaws where it cannot be easily found that price changes in the cryptocurrency market are very volatile.
Gold is profitable, so is bitcoin, both of which bring profits so just use both of them well. It doesn't have to make bitcoin as gold. Just combine the benefits offered by both, for example, take profit from bitcoin then buy gold, it is quite effective to maintain the stability of your assets.
Gold is profitable, so is bitcoin, both of which bring profits so just use both of them well. It doesn't have to make bitcoin as gold. Just combine the benefits offered by both, for example, take profit from bitcoin then buy gold, it is quite effective to maintain the stability of your assets.
Resources such as gold are used as a major exchange unit from ancient to present. With the continuous development of the world economy, the introduction of cryptocurrencies can replace gold making this exchange job much better than before and much more convenient than before.
No, gold is no longer used as an exchange unit. It's even hard to trade real gold these days. What you're buying and selling online are gold shares and this is what most people are into. If it is a unit of exchange take a gold bar and try to buy something for it, even something of equal value like a car. You can't do it!
It would be really great if people stops comparing gold with bitcoin. Gold is a valuable metal that is scarce. Gold has physical existence, but crypto currencies have no such physical existence. It exists only virtually. Not sure what you meant by "turn into a comparative resource for ensure clients' worth or other Coins ". I guess you are trying to say if the price rise can be used as an incentive to store bitcoin for long run. If so, then yes it can be!
The speculative and volatile nature of Bitcoin is the main reason why bitcoin despite so much expensive cant be seen as an asset of storage like Gold. If bitcoin becomes stable, storing a value will be so easy and secure. You don't need bank lockers to store value like gold rather securing your bitcoin key will all you need.
but if bitcoin has a stable value then there are people who exercise control over the price, I prefer bitcoin at this price because we can generate profits from price movements, and I think bitcoin is considered an asset because of its high value
Gold is a fairly safe and stable economic storage unit that rarely loses its value. The same goes for cryptocurrencies, whose function and value are quite similar to gold. In the current economic era, cryptocurrencies are carrying a lot of responsibilities like gold.
Resources such as gold are used as a major exchange unit from ancient to present. With the continuous development of the world economy, the introduction of cryptocurrencies can replace gold making this exchange job much better than before and much more convenient than before.
The speculative and volatile nature of Bitcoin is the main reason why bitcoin despite so much expensive cant be seen as an asset of storage like Gold. If bitcoin becomes stable, storing a value will be so easy and secure. You don't need bank lockers to store value like gold rather securing your bitcoin key will all you need.
Where do you choose gold and cryptocurrency? Of course, in cryptocurrencies. Gold is stable but not high interest rates. As for cryptocurrencies, you may lose money if you are unlucky. But once the price of profits will be many times more than gold. Be strong investment form.
It's a condition of crypto to have a surprising price for you. sometimes it makes you surprised to see prices go down or prices go up fast. If you have heart disease maybe you will feel the fear of falling prices.
bitcoin and gold do not have the same thing as you have questioned above, bitcoin is a profitable investment especially when bitcoin ever reached its highest price last year which made most new investors interested in taking part in it. On the other hand, bitcoin has a limited supply, so there are still opportunities for high profits when the BTC supply is reduced. while gold is also a profitable investment every season, you do not need to worry if you invest your money in gold, and not as risky as investing in crypto.
Bitcoin will remain a fluctuating cryptocurrency and is very far away if compared to gold, after all, there is now a GOLD project that is really made commensurate with real gold, the price is also the same as real gold and this project is digital gold
So far now, we can say that way because the adoption of crypto has not yet even at 5% of the total population, but when time comes, still we can say that it will be worth it if took some risk investing in crypto, as we know in crypto, the higher the demand the less supply, the price will be pretty amazing, and we can more, sometimes unexpected, we just need to choose the right one.
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