Gold exist 1000+ years. while bitcoins exist 10 years. - page 13.

AjithBtc

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Quote from: goaldigger on March 17, 2019, 08:20:53 AM

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.

Bitcoin and gold are both different and also we are not sating here tgat we are not open for any upgrades or any changes that can make our life easier. I dont see anything on both. Gold is a good investment and it can actually be an accessory that sometimes a basis of a social status , whilst bitcoin is an investment and also a digital currency that can make our life more convinient than the past.

Gold and bitcoin vary in some form, but that is not a big factor. The comparison comes whenever there is a group of people who are skilled yet fear to make an investment into bitcoin. When a question is raised they'll first indicate the volatility in comparison to the gold value. In this way one way or other both can't be compromised. It is possible only through trust.

Idoe

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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.

goaldigger

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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.

Bitcoin and gold are both different and also we are not sating here tgat we are not open for any upgrades or any changes that can make our life easier. I dont see anything on both. Gold is a good investment and it can actually be an accessory that sometimes a basis of a social status , whilst bitcoin is an investment and also a digital currency that can make our life more convinient than the past.

Genemind

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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.

We can't compare the value or time span of bitcoin and gold's success. We all know that both are good means of investment but they have their own characteristics. They both passes all the tests of time. We could invest in gold and bitcoin and we could both gain a good profit.

gentlemand

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I think what's most interesting about gold is despite it being an object of value and desire for thousands of years, the people who are heavily into it are still regarded as nutters in the main and it's still a pretty niche product. I have only met one person in my entire life who owns gold.

If gold can't manage it, I presume a significant percentage of the population will still regard Bitcoin fans as creepy maniacs in 50 or 250 years.

arifteguhr

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Quote from: bitcon on March 16, 2019, 05:36:56 AM

Quote from: Oasisman on March 15, 2019, 08:38:36 PM

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.

Golds existence is far more than just 1000+ years, did you mean the length of years before Gold gained value and used it as a medium for trading?
Anyway, I dont really believed these kind of comparison in determining the future value of Bitcoin, I mean they are completely different things and completely has different functions. The use and function of Gold maybe limited by now, but this technology we have today has still a lot of room for innovations and improvements.

Gold exist for more than a thousand years. And I do believe that Bitcoin, which is often called virtual gold, will also exist, live for long. It is a very profitable investment. The longer you hold it, the more you will get.

therefore most people if they get the proceeds from the bitcoin investment, they will be invested in gold again because the gold investment is very promising at any time but for bitcoin we cannot predict how long it can last

BillyBurns

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They said pandors box cant be closed once it was open, but what they should have said it's a door with that will eventually close and never open again. All of these crypto guys will be broke in a decades times. Bitcoin is like air. Its value be worth the price of its story I set that value at 20$ by 2026

bitcon

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Quote from: Oasisman on March 15, 2019, 08:38:36 PM

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.

Golds existence is far more than just 1000+ years, did you mean the length of years before Gold gained value and used it as a medium for trading?
Anyway, I dont really believed these kind of comparison in determining the future value of Bitcoin, I mean they are completely different things and completely has different functions. The use and function of Gold maybe limited by now, but this technology we have today has still a lot of room for innovations and improvements.

Gold exist for more than a thousand years. And I do believe that Bitcoin, which is often called virtual gold, will also exist, live for long. It is a very profitable investment. The longer you hold it, the more you will get.

Muzika

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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.

Mometaskers

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Save for tracking both gold and BTC's price, I think we shouldn't be comparing them that much. They've both been used as currency and that's where the similarities end. One is physical, one exists as 0s and 1s. Both have their uses.

Quote from: finaleshot2016 on March 15, 2019, 08:03:38 PM

Gold is way better than bitcoin in reality. If we're being practical in such a way where internet is not a good thing anymore, gold is a precious thing. It can be sold for a lot of money in the future while the bitcoin can be replaced by an upgraded or a thing that is way more better and has a lot of benefits.

When people hoard stuff, they usually think of worst case scenarios. You'd find it hard to sell gold in SHTF situations. Only good thing is that no matter how much time passes, your gold cache would still be gold. BTC would not survive the destruction of the internet and power grid.

Agreed with BTC's possibility of obsolescence with newer techs though.

Oasisman

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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.

Golds existence is far more than just 1000+ years, did you mean the length of years before Gold gained value and used it as a medium for trading?
Anyway, I dont really believed these kind of comparison in determining the future value of Bitcoin, I mean they are completely different things and completely has different functions. The use and function of Gold maybe limited by now, but this technology we have today has still a lot of room for innovations and improvements.

LUCKMCFLY

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If we see it from a technological and development point of view bitcoin has a great future, which leads to think that its price will increase, gold is a metal that gives a lot of stability, in fact, the large reserves of many countries is gold.

If we see it from the point of view of the Investor and the speculator, they do not care much about technology, they see much of the profitability that can be generated by their movements and over time, some do trade in many of their movements, both for the gold as for the bitcoin. Many traders do not care what direction the shares take or the crypto currency, if prices rise, some traders win, if the prices fall the same, many of the traders win. The investor has a much more focused point of view towards the expectation that the shares or the cryptocurrency reach a good price so that they can obtain profits, and that only manages to hold , never sell cheaply.

The difference is that gold is very stable and bitcoin is very volatile, this is something that economists do not like.

I think that in the future of 10 to 20 years, bitcoin will be able to gain much more strength, taking into account the positive news that has come out lately, and gold will always have its value, which produces stability.

finaleshot2016

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The system is just a system, investors are looking for benefits and high-profit possibilities.

Gold is way better than bitcoin in reality. If we're being practical in such a way where internet is not a good thing anymore, gold is a precious thing. It can be sold for a lot of money in the future while the bitcoin can be replaced by an upgraded or a thing that is way more better and has a lot of benefits.

STT

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Heres a good chart of Bitcoin vs Gold grams for anyone interested over time how it moves. Obviously BTC is a growth asset but gold is not really falling behind greatly over time. Both of these assets react to excess inflation of the US dollar monetary base but I think they are still quite different

Also ETH for a control -

Bitcoin-Turkiye

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gold will always remain a precious mine, but I agree. I'm sure the price of bitcoin will go up more. because I believe and trust in bitcoin technology.. Maybe one day everyone in the world will use bitcoin, who knows?

Vness10

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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 this two have a differences and you can compared a 1 bitcoin to gold because they have different value. We don't have any assurance or accurate years how long will exist bitcoin, gold or anything because we know that we can predict everything.

andika2018

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Quote from: brotherwood12 on March 15, 2019, 02:49:14 AM

Quote from: talkbitcoin on January 27, 2019, 07:19:31 AM

you can not compare value of bitcoin with value of something like gold when they don't follow the same unit of measurement. it is like saying you are taller than 1 kilogram!
when you say value of bitcoin you are talking about value of 1.00000000 BTC and when you say value of gold you are saying value of 1 OZ of gold not 1 kilogram or 1 ingot, 1 grain, 1 troy ounce,... so first clarify why you are comparing the biggest unit of bitcoin (1 whole BTC) with smallest unit of gold and why aren't you using the smallest unit of bitcoin (1 satoshi) to do the comparison.

agree with this , cant compare pyhsic thing to "digital" thing , and this bitcoin and gold really have different on development and other

I think in next several years, people will think bitcoin and gold have same functionaly which is store of value. But bitcoin more flexible and secure because to store bitcoin doesnt need a lot space.

horrifiedx1

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Quote from: Irvinn on March 15, 2019, 12:45:15 AM

Quote from: South Park on February 14, 2019, 05:05:43 PM

Quote from: gaston castano on February 13, 2019, 06:27:01 AM

Quote from: nur rochid on February 13, 2019, 02:35:08 AM

bitcoin and gold units are different, so comparing them is a bit difficult. but indeed with the percentage of developments in both, bitcoin will be superior to gold, because it fits the needs of the mileneal community

the intrinsic value contained in gold has a forever value, while bitcoin is still not in a safe position to be compared as a long-term asset, but the circulation of transactions is faster than gold.

If referring to the millennial era, then bitcoin must at least be the same as fiat in the same regulatory system and this will not be seen in the next 5 years if market capitalization is still an important reference.

Gold has no intrinsic value and the same is true for everything else including bitcoin, people have the illusion that gold has intrinsic value because it has been valuable for thousands of years, but the value of gold comes from its use as money and its scarcity, but if something better than gold was created then gold could begin to lose some of that value, which is why some speculate that the market cap of bitcoin will grow because it will take money away from the gold market.

Doesn't gold have an inherent value? You what. are you laughing? Gold is very much appreciated as ordinary metal. It has a very high durability, because it does not give in to corrosion, is soft, it has a relatively low melting point. As a metal, gold is used in many areas of industry, and especially in electronics. This is a beautiful metal that is also used in jewelry for jewelry. Didn't you know that? And to say after this that gold has no intrinsic value? This cryptocurrency has a dubious intrinsic value, but not gold.

From your explanation, it has been proven that gold is undoubtedly a precious metal that has high value, and until now, even though gold mining continues to be carried out but the price continues to rise as demand, so does crypto, if more and more believe the price will rise anyway

brotherwood12

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Quote from: talkbitcoin on January 27, 2019, 07:19:31 AM

you can not compare value of bitcoin with value of something like gold when they don't follow the same unit of measurement. it is like saying you are taller than 1 kilogram!
when you say value of bitcoin you are talking about value of 1.00000000 BTC and when you say value of gold you are saying value of 1 OZ of gold not 1 kilogram or 1 ingot, 1 grain, 1 troy ounce,... so first clarify why you are comparing the biggest unit of bitcoin (1 whole BTC) with smallest unit of gold and why aren't you using the smallest unit of bitcoin (1 satoshi) to do the comparison.

agree with this , cant compare pyhsic thing to "digital" thing , and this bitcoin and gold really have different on development and other

Argoo

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It is necessary to use new technologies, including cryptocurrency to generate income, but to keep earned best in proven values, such as gold. Cryptocurrency and gold can and should complement each other. A smart person will use the best qualities of these two values, and not oppose each other. I can only say that as a means of accumulating value, bitcoin loses to gold because of its high volatility.

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