Gold exist 1000+ years. while bitcoins exist 10 years. - page 12.

TimeBits

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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.

Watch this if you want gold to replace fiat Wink

https://www.youtube.com/watch?v=Y7TLFyK_3Pk

food is a much better tangible economy item to back currency. Tongue

yes fruit rocks, you can have timed fruit coins Tongue

that expire when the fruit does.

senin

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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 as a value has existed since the time when humanity needed to have some value for the exchange of various goods and services. It is much longer than 1000 years. It can be said that gold was and will always be eternal value.
Bitcoin really exists for ten years now and its value is just beginning to be checked by time. We can not yet say exactly what will happen with Bitcoin at least in a hundred years.

MFahad

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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 is one of those type thing that never die, it live long and long life. But about Bitcoin, now people are interest on it because of it is internet time and bitcoin give us opportunity to earn money from interest behalf of it. So bitcoin is also powerful thing on internet, it is not easy that bitcoin die.
But about the technology wise, our future will be tell us, but technology wise we always get happiness and profit.

alonelyorange

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Gold will exist for long time and never die with any reason and never could be die because always have higher price every year, but bitcoin could get raised to higher price with short time and could be down with the same time.

mangsitin

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Quote from: Renampun on March 28, 2019, 07:02:55 PM

this is proof of the rapid development of mindset and technology.. Bitcoin is a great discovery, at first, I wasn't sure Bitcoin would be expensive, but as time went on I became convinced... indeed fluctuating gold prices are more stable but a drastic increase is in Bitcoin.. My predictions in the next 10 years the price of Bitcoin will further leave gold.

Yes, because Bitcoin was born at a time when the digital era of technology is progressing, so Bitcoin is said to be the digital currency of the future, it's worth the price of bitcoin today, because the world community wants it. And therefore gold and bitcoin have different properties, each of which has its advantages and disadvantages.

Bijikopi

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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 real form while bitcoin does not have a form so that the period of time it has is also different, gold will still exist as long as humans are still there, also humans like jewelry, the value of gold will be higher, but bitcoin will only last as long as the technology exists, so if technology it disappears, bitcoin is also missing, and its value will also be lost from the virtual world system.

Renampun

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this is proof of the rapid development of mindset and technology.. Bitcoin is a great discovery, at first, I wasn't sure Bitcoin would be expensive, but as time went on I became convinced... indeed fluctuating gold prices are more stable but a drastic increase is in Bitcoin.. My predictions in the next 10 years the price of Bitcoin will further leave gold.

Aikidoka

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Both of gold and bitcoin are incomparable. I can't really compare between them, because the first is a metal and the second is a cryptocurrency which it's only been used online. But if you ask me which thing I should save, I'll tell you, bitcoin. I feel that is more valuable than gold, and if you can see both charts of bitcoin and gold, we noticed that the value of bitcoin was increased incredibly compared to gold in the last few years.

breathlessz

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Quote from: Labumi on March 27, 2019, 08:10:38 AM

Quote from: TelolettOm on March 23, 2019, 10:55:45 PM

I don't think we can equate bitcoin and gold, in terms of the nature and also the investment instruments themselves, bitcoin and gold are very different because until now I think the bitcoin category risks are quite large.

indeed the price of bitcoin and gold will never be the same, because gold and bitcoin have different types of manufacturing, bitcoin is a digital currency that currently still does not have high demand because there are still few who use cryptocurrency, while gold has become an exchange tool used since antiquity.

right, even bitcoin is referred to as digital gold, because demand is not too high, there are still few bitcoin users in the world. so that when there are many requests, it becomes the potential to invest

Labumi

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Quote from: TelolettOm on March 23, 2019, 10:55:45 PM

I don't think we can equate bitcoin and gold, in terms of the nature and also the investment instruments themselves, bitcoin and gold are very different because until now I think the bitcoin category risks are quite large.

indeed the price of bitcoin and gold will never be the same, because gold and bitcoin have different types of manufacturing, bitcoin is a digital currency that currently still does not have high demand because there are still few who use cryptocurrency, while gold has become an exchange tool used since antiquity.

arwani1985

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Trust about gold is already very strong while the investment category in bitcoin is very high, the risk is quite large and bitcoin is not real but virtual goods and in my opinion it is the most important problem of both

Dasha88fed

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Now possible investment in Bitcoin seems risky, but this is because it has not yet become widespread and is not recognized by the governments. I believe that after Bitcoin is introduced into the legislative field of most countries, the world will invest in Bitcoin more securely, and its volatility will decrease.

TelolettOm

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I don't think we can equate bitcoin and gold, in terms of the nature and also the investment instruments themselves, bitcoin and gold are very different because until now I think the bitcoin category risks are quite large.

traderethereum

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We cannot compare between gold and bitcoin because it's different things. Most people know about gold, but not many people know bitcoin. I agree that bitcoin can increase the price in the long-term but gold still be people's favorite so far. Soon when gold is not produced anymore, the existing of gold will become too expensive and I think when that time comes, we will see that gold and bitcoin will be the most thing people searching for their life.

dimox

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i know when gold and the other valuable stone dominate market and be currency, they have same value if you trade between small portion gold with other stuff. and thats apply for all society, use that currency. look at now, bitcoin have high value because of technological explosion. you know if gold be always used by all people, while bitcoin used by people that know about it, i mean not all people use bitcoin like gold.

sandra_x

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The milestones achieved by bitcoin in just a decade beats the performance of the development of other forms of money historically.A decade more will see astronomical adoption for bitcoins. Bitcoin is the future of money and is more efficient to all other previous forms

imstillthebest

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Quote from: laredo7mm on March 21, 2019, 02:56:40 AM

Quote from: Muzika on March 16, 2019, 01:27:45 AM

It is still depends on the usage, gold has a good value and has worth the usage while the bitcoin is still in progress to have a good purpose and usage and adoptation also, gold has been adopted by many countries in the world while bitcoin rejected meaning there were lots of factors of comparison.

we cannot compare between gold and bitcoin historically and also the use of gold is more known and there are also many who are sure to invest in gold, while bitcoin is a new thing and people still feel unfamiliar with that name

Imo bitcoin is not new because its been already 9+ years since it existed and most of us now are actually already fammilliar with it but they are only doubting to use bitcoin because they cannot see bitcoin , they think bitcoin is unreal or a scam coin . this thinking only limits the adoption while gold is undoubtedly legit in any angle . all people in all ages recognized and will love to take a piece of it but we'l never know in the more decades to come if people revert their minds to embrace bitcoin .

karanggatak

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I don't think we can compare gold with bitcoin. because both are very different gold comes from natural resources while bitcoin is created from computer software. then the value of bitcoin is very volatile while the value of gold is more stable. so we cannot compare the two. both are used to store value but have different risks and benefits.

fullhdpixel

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Quote from: Idoe on March 21, 2019, 02:36:11 AM

I think both have advantages and disadvantages of each, and both are assets that are worthy to have. Although bitcoin has only been present for 10 years, but it is no less popular than gold, the people who are following the technology prefer to collect bitcoins so they have the courage to take risks.

A lot of us likes to judge their success by their price forgetting that their market cap is what matters, I think Gold market cap is almost 40 times the market cap of present Cryptocurrency market cap, though gold has been existing for years and BTC is just 10 years, but both are also very good and have their own role to play in the development of the economy worldwide.

Once Bitcoin overcomes all this hurdles its presently passing through and the adoption becomes very wide, it will eventually go close to Gold cap too in years to come, that is why we all need to always look at the future and not the present situation the market is now that is making every investor panic.

laredo7mm

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Quote from: Muzika on March 16, 2019, 01:27:45 AM

It is still depends on the usage, gold has a good value and has worth the usage while the bitcoin is still in progress to have a good purpose and usage and adoptation also, gold has been adopted by many countries in the world while bitcoin rejected meaning there were lots of factors of comparison.

we cannot compare between gold and bitcoin historically and also the use of gold is more known and there are also many who are sure to invest in gold, while bitcoin is a new thing and people still feel unfamiliar with that name

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