Gold exist 1000+ years. while bitcoins exist 10 years. - page 10.

BillyBurns

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Quote from: Janation on June 08, 2019, 06:36:25 AM

Quote from: ?? on ??

You can not compare both gold and bitcoin, they do not have any thing in common, gold is a physical valuable, while bitcoin is a digital asset and Bitcoin has achieved more value in 10 years than gold in 1000 years.

This is inevitable, you know.

People will obviously and continuously compare these two since they are great investment these days, except Gold since it's been a long time that it is a good investment. People can't invest in gold, what I am saying is that people will choose a lot of assets and they will end up to consider Bitcoin or gold, at that time they will be comparing these two though I will pick gold obviously for a safe investment, though I can't do that since I don't have that much money to invest.

Buying gold is never a investment it always is a hedge against governments. If you want to invest in gold you buy gold mining stocks.

Janation

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Quote from: ?? on ??

You can not compare both gold and bitcoin, they do not have any thing in common, gold is a physical valuable, while bitcoin is a digital asset and Bitcoin has achieved more value in 10 years than gold in 1000 years.

This is inevitable, you know.

People will obviously and continuously compare these two since they are great investment these days, except Gold since it's been a long time that it is a good investment. People can't invest in gold, what I am saying is that people will choose a lot of assets and they will end up to consider Bitcoin or gold, at that time they will be comparing these two though I will pick gold obviously for a safe investment, though I can't do that since I don't have that much money to invest.

blueteam09

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Quote from: bitcoinsc on January 26, 2019, 08:54:31 PM

Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Also the internet existed about 25+ years. Bitcoin price is higher than gold by over 200%. I think the value of Bitcoin is going to sky rocket once again. When technology gets more advance n the Bitcoin system upgrades. Just another speculation.

Gold has a 1000 year development process, but it can only be used as a jewelry or used as a form of asset accumulation. Bitcoin has 10 developments, but it brings many more valuable benefits than gold. Bitcoin can use as an accumulative asset in an anonymous form, which can also use as a currency.

iMark

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Quote from: ene1980 on June 07, 2019, 10:12:28 AM

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You can not compare both gold and bitcoin, they do not have any thing in common, gold is a physical valuable, while bitcoin is a digital asset and Bitcoin has achieved more value in 10 years than gold in 1000 years.

That is a valid point, bitcoin has surpassed the valuation of gold nor anything in the world in a short period of time, there have being wars in the past to loot the wealth and during gold's reign as the supreme metal throughout history, i really do not know how many wars have being fought in the name of gold, but i am sure there were many, can we expect cyber warfare in the name of bitcoin in the future. Cheesy

Yeah one of them happened because of gold, the army wanted to fight because of gold, they were loyal because of gold. maybe in the future too, cyber warfare to loot or get paid from bitcoin. Gold has long existed, but new commodities have emerged, and that is in great demand for modern people

slashz9

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why you compare it, it cant be gold and bitcoin have their own value we already know total supply of bitcoin it just 21 million.
price bitcoin will go skyrockets if people start to believe it and use that for currency as fiat.

Fredomago

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Quote from: Dilerium90 on June 07, 2019, 01:26:06 PM

Quote from: Apes on June 07, 2019, 12:39:57 PM

investment cannot be measured by time. there is no guarantee that gold or crypto will prevail in the future. it is possible that in the future there will be other popular types of assets from gold or crypto. investment is based on market demand so no one can predict the glory of investment assets. because when cryptocurrencies created it is not intended for digital assets but for online transactions.

I agree that there is no point in calculating the stability of any currency or metals. There is no absolute guarantee that Bitcoin will cost a million dollars. It is amazing to hear now, but Bitcoin may well cost $ 1 if any error is discovered.

No one among us can predict exactly what future will bring to this industry, there's no need comparing both assets even there's similarities being
a good assets to hold, value will increased when demands push it higher, the fate of this market will be in the hands of its believers progress and
developments will happened if supports will continue to be there.

suzanne5223

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Quote from: Apes on June 07, 2019, 12:39:57 PM

investment cannot be measured by time. there is no guarantee that gold or crypto will prevail in the future. it is possible that in the future there will be other popular types of assets from gold or crypto. investment is based on market demand so no one can predict the glory of investment assets. because when cryptocurrencies created it is not intended for digital assets but for online transactions.

Firstly, I disagree with what Apes said because gold how been in existence before you and I are giving birth to. Besides, the institutions called it federal reserve and this proof that it will prevail in future.

Quote from: Dilerium90 on June 07, 2019, 01:26:06 PM

I agree that there is no point in calculating the stability of any currency or metals. There is no absolute guarantee that Bitcoin will cost a million dollars. It is amazing to hear now, but Bitcoin may well cost $ 1 if any error is discovered.

Yes, the future are not promised and if any error is discovered Bitcoin can go back to $1 but the work of crypto communities, developers and miners is not to join crypto currency but to also fix crypto related problems and make crypto currency great which is the reason why Satoshi said Bitcoin is decentralized so we can find solution to every errors or problem by ourselves.

Dilerium90

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Quote from: Apes on June 07, 2019, 12:39:57 PM

investment cannot be measured by time. there is no guarantee that gold or crypto will prevail in the future. it is possible that in the future there will be other popular types of assets from gold or crypto. investment is based on market demand so no one can predict the glory of investment assets. because when cryptocurrencies created it is not intended for digital assets but for online transactions.

I agree that there is no point in calculating the stability of any currency or metals. There is no absolute guarantee that Bitcoin will cost a million dollars. It is amazing to hear now, but Bitcoin may well cost $ 1 if any error is discovered.

Apes

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investment cannot be measured by time. there is no guarantee that gold or crypto will prevail in the future. it is possible that in the future there will be other popular types of assets from gold or crypto. investment is based on market demand so no one can predict the glory of investment assets. because when cryptocurrencies created it is not intended for digital assets but for online transactions.

Sithara007

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During old times, gold coins were used as a currency everywhere in the world. But as the population increased, it became difficult to find enough gold to mint the coins. So the governments came up with the alternative of fiat coins and banknotes. And in due course of time, this fiat currency will be replaced by cryptocurrencies such as Bitcoin.

andieoke

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Gold and Bitcoin are different, even though they have the same investment value. Gold is a real item, while Bitcoin is a digital item. For this reason, both fans also come from different groups. Gold is more interested by traditional people and Bitcoin is more in demand by Modern people. And Bitcoin has a higher risk, although Bitcoin can experience faster changes, while Gold is safer even though the price movements are slower.

ene1980

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Quote from: ?? on ??

You can not compare both gold and bitcoin, they do not have any thing in common, gold is a physical valuable, while bitcoin is a digital asset and Bitcoin has achieved more value in 10 years than gold in 1000 years.

That is a valid point, bitcoin has surpassed the valuation of gold nor anything in the world in a short period of time, there have being wars in the past to loot the wealth and during gold's reign as the supreme metal throughout history, i really do not know how many wars have being fought in the name of gold, but i am sure there were many, can we expect cyber warfare in the name of bitcoin in the future. Cheesy

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Quote from: kodtycoon on June 05, 2019, 05:59:31 PM

Quote from: shield132 on June 05, 2019, 05:02:15 PM

Quote from: wekael on June 02, 2019, 08:43:40 PM

But I can't use my gold to buy pc-parts on my eshop.

Great answer to OP's question. Bitcoin isn't currency alone, it's an unique payment method. What kind of payment method gold is? Give thing hand in hand. But what is bitcoin? P2P online transaction which is included in blockchain, protects your privacy and you fully own it, no one can steal it without knowing keys while someone can steal your golds even from your hands and pocket. Years doesn't matter, we were different 1000 years ago, now we are far developed from that era and can say the same on bitcoin, it's far developed payment method and currency compared to gold.

because bitcoin is a very flexible asset and even though gold and bitcoin have very far different years, it doesn't mean that bitcoin has no benefits in many sectors. currently bitcoin has grown considerably and you can complete transactions using bitcoin quickly and about gold we cannot make it that way because gold is only an investment asset that is only to be hold for the long term

indeed seeing the development of bitcoin for the past 10 years, we can observe extraordinary developments, even though 2018 has decreased but it is still believed so far we see its development

GJ.COM

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God only exist 1000 years? lol

Nellayar

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But still bitcoin is more valuable than gold. Eventhough, gold is more precious than bitcoin. They have both luxurious thing in this world and if you have that you are rich. However, in my own opinion bitcoin is what I need right now since it may be my initial investment as a poor person.

DigitalGemToken

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The similarity between gold and bitcoin is that they are both a store of value where the inflation is accurately predicted.

The difference is that bitcoin is more digital while gold is a physical metal that you can touch.

I know this is a very simplistic comparison but at it's core, these are their properties.

People tend to hold gold and bitcoin in times of uncertainty or in times where centrals banks print a lot of money precisely because of gold and bitcoin's stable inflation.

They are not mutually exclusive, you can hold both gold and bitcoin and fiat currencies all at the same time.

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kodtycoon

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Quote from: shield132 on June 05, 2019, 05:02:15 PM

Quote from: wekael on June 02, 2019, 08:43:40 PM

But I can't use my gold to buy pc-parts on my eshop.

Great answer to OP's question. Bitcoin isn't currency alone, it's an unique payment method. What kind of payment method gold is? Give thing hand in hand. But what is bitcoin? P2P online transaction which is included in blockchain, protects your privacy and you fully own it, no one can steal it without knowing keys while someone can steal your golds even from your hands and pocket. Years doesn't matter, we were different 1000 years ago, now we are far developed from that era and can say the same on bitcoin, it's far developed payment method and currency compared to gold.

because bitcoin is a very flexible asset and even though gold and bitcoin have very far different years, it doesn't mean that bitcoin has no benefits in many sectors. currently bitcoin has grown considerably and you can complete transactions using bitcoin quickly and about gold we cannot make it that way because gold is only an investment asset that is only to be hold for the long term

anggracoin

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Gold and Bitcoin have different functions so they cannot be compared. Bitcoin can be used as an exchange tool directly to buy goods in online stores while gold does not. In addition, there are no similar measuring instruments to compare the two.

shield132

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Quote from: wekael on June 02, 2019, 08:43:40 PM

But I can't use my gold to buy pc-parts on my eshop.

Great answer to OP's question. Bitcoin isn't currency alone, it's an unique payment method. What kind of payment method gold is? Give thing hand in hand. But what is bitcoin? P2P online transaction which is included in blockchain, protects your privacy and you fully own it, no one can steal it without knowing keys while someone can steal your golds even from your hands and pocket. Years doesn't matter, we were different 1000 years ago, now we are far developed from that era and can say the same on bitcoin, it's far developed payment method and currency compared to gold.

indrakusumaindra

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Quote from: bitcoinsc on January 26, 2019, 08:54:31 PM

Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Also the internet existed about 25+ years. Bitcoin price is higher than gold by over 200%. I think the value of Bitcoin is going to sky rocket once again. When technology gets more advance n the Bitcoin system upgrades. Just another speculation.

well i believe bitcoin are an breakthrough technology and it cannot be compared with gold which is something that used to be a tools of payments. I do think both are completly different and we cant just jump into conclusion that the price will rise only mere of how long its been exist.

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