Gold exist 1000+ years. while bitcoins exist 10 years. - page 14.

Irvinn

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Quote from: South Park on February 14, 2019, 04:05:43 PM

Quote from: gaston castano on February 13, 2019, 05:27:01 AM

Quote from: nur rochid on February 13, 2019, 01:35:08 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.

Leonardo7

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The 1000years of gold existence is practically wrong. Gold is naturally existing in its pure form. This means gold has been here since creation and was equally discovered years ago, it has been used since ancient time. Bitcoin is just a created technology backed by a Proof-Of-Work. Man didn't create gold, but man created the bitcoin. They are just two different entities.

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Quote from: Yutikas_11920 on March 14, 2019, 05:36:53 PM

Quote from: ongkok87 on March 14, 2019, 09:49:44 AM

Quote from: smyslov on March 11, 2019, 04:02:39 AM

I don't like the two being compared they are two different investment although you can make a good profit holding Bitcoin than holding gold, there are tokens that are backed by gold and silver they are both a good investment any investor would like to have both.

it is true that both places are good for investment, but if I have to choose, surely I will choose gold, because the price is stable and very promising also for very long-term investments

I think if you choose to invest in gold you should be able to have a lot of capital and must be able to have high patience because the gold price is very little.

In recent days we've got the access to invest on gold same as that we do with other digital shares. In this way it is possible to invest into gold upon our funding ability. One thing that gold gives the user is the safety with its years back history with limited profiting on long run as the growth happens very little periodically. Bitcoin is way beyond gold, it is completely technology dependent and the same gives massive growth in short as well in the long term depending on the market situation. The same profit made through a small investment on cryptocurrencies take years through gold. The rest is upon the user, some prefer taking risk and earning big while some are satisfied with small earnings but expect to be on the safer side.

STT

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Quote from: qwertyup23 on March 14, 2019, 11:35:42 AM

Gold has existed ever since the world was created but its value value began when people started trading goods

Gold existed before this world was created, I believe its only possible for this element to occur within a supernova which means no gold has been produced on earth its only here as a left over from the creation of this universe. Where as things like diamonds are created on earth, even if slowly there is an ongoing source. Gold and a few elements close to it are rare forever really, I dont think meteors etc are likely
Golds first use was jewellery imo

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Gold is something physical, bitcoin is not.

Both a positive and a negative. Bitcoin is decentralised, thats its main purpose ongoing to be independent of fixed factors and its far easier to transfer ownership instantly. Gold is definitely part of the old system of paperwork needing to be filed. They really arent close, neither is a negative in comparison to the other for me as they do not overlap especially

Yutikas_11920

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Quote from: ongkok87 on March 14, 2019, 09:49:44 AM

Quote from: smyslov on March 11, 2019, 04:02:39 AM

I don't like the two being compared they are two different investment although you can make a good profit holding Bitcoin than holding gold, there are tokens that are backed by gold and silver they are both a good investment any investor would like to have both.

it is true that both places are good for investment, but if I have to choose, surely I will choose gold, because the price is stable and very promising also for very long-term investments

I think if you choose to invest in gold you should be able to have a lot of capital and must be able to have high patience because the gold price is very little.

shoreno

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Quote from: devinks on March 14, 2019, 10:44:34 AM

if I am required to choose these two promising investment places, I will choose gold from bitcoin, because the age of gold is longer than bitcoin so that in a long time I can get a big profit. and bitcoin is also good but only for investment in a maximum period of 2 years

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because the age of gold is longer than bitcoin so that in a long time I can get a big profit.

age of gold might be longer than bitcoin but did the gold's value increase alot ? i bet no . gold value is still the same and stable while bitcoin's value got improve drastically over the past 10 year course . how much more if bitcoin runs longer , lets say another 10 years ? the value can probably double .

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bitcoin is also good but only for investment in a maximum period of 2 years

why only 2 years ? do you think bitcoin could die after this ? or do you think that the value can drop ? well bitcoin cannot die easily due to its usefulness . though the value can sometimes drop but as long as the adoption increases , the value can also recover .

qwertyup23

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Quote from: bitcoinsc on January 26, 2019, 07:54:31 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 existed ever since the world was created but its value value began when people started trading goods. Bitcoin, on the other hand, was published last 2009-2010 by Satoshi Nakamoto. Comparing both gold to bitcoin is like apples to oranges as they are different from one another, although they are both considered as investment instruments.

Quote from: smyslov on March 11, 2019, 04:02:39 AM

I don't like the two being compared they are two different investment although you can make a good profit holding Bitcoin than holding gold, there are tokens that are backed by gold and silver they are both a good investment any investor would like to have both.

Like what I have mentioned, one cannot compare gold to bitcoin as they have different properties and nature, although both are considered by investors as opportunities to gain large amounts of profits.

devinks

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if I am required to choose these two promising investment places, I will choose gold from bitcoin, because the age of gold is longer than bitcoin so that in a long time I can get a big profit. and bitcoin is also good but only for investment in a maximum period of 2 years

0t3p0t

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Quote from: aoluain on January 27, 2019, 09:07:56 AM

There are clearly a lot of people who have difficulty seperating bitcoin
from Gold. Gold has been worked in Ireland for example for approximately
4000 years.

Here are some examples of finds from the early Bronze age.

Discover the earliest Irish gold objects produced between 2400 - 1800 BC, such as discs and lunulae.

https://www.museum.ie/Archaeology/Exhibitions/Current-Exhibitions/Or-Ireland-s-Gold/early-bronze-age-gold

Gold is something physical, bitcoin is not.
Gold was a measure of wealth and status, bitcoin is an electronic payment system
Gold is a proven store of value, bitcoin is used by many as an unproven store of value

Yeah it is not a fair comparison between Gold and Bitcoin because of the fact that they have different technology and type of asset. Bitcoin is a decentralized asset while gold is a centralized one that is controlled by governments. This also the war between stable and volatile assets so it is too hard to tell which is important because we need them both though gold is much older than Bitcoin but nowadays Bitcoin becomes the new gold.

ongkok87

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Quote from: smyslov on March 11, 2019, 04:02:39 AM

I don't like the two being compared they are two different investment although you can make a good profit holding Bitcoin than holding gold, there are tokens that are backed by gold and silver they are both a good investment any investor would like to have both.

it is true that both places are good for investment, but if I have to choose, surely I will choose gold, because the price is stable and very promising also for very long-term investments

icecube45

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I agree with your speculation that bitcoin will skyrocket but I think not only once but many times. Gold does exist first but the price is higher in bitcoin, this is natural because bitcoin has large fluctuations so prices can go up and down very quickly and in large quantities. While gold fluctuates in small amounts and fluctuations tend to be long and stable. So both are different and in bitcoin prices are higher because of the large fluctuations.

prtty2gal2

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Quote from: bitzizzix on March 10, 2019, 10:19:09 PM

Gold has become part of the earth in the form of precious precious metals, and the price is also stable.
The existence of bitcoin is only about 10 years which shows progress in technology that creates valuable digital currencies that are not in any form, and the profitability of bitcoin prices can exceed gold and be more profitable in an instant.

I don’t think it is the number of years gold has really spent on earth that has increased its relevance, silver has also been in existence for a while.

I think it is the value that has been placed on it and on the other hand, the progress and achievements Bitcoin has recorded in 10 years is nothing compared to gold. Many have come to the realization that Bitcoin is the future of investment and that’s the latest trend this does not however mean that there are not those who would prefer to go with gold investment

smyslov

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I don't like the two being compared they are two different investment although you can make a good profit holding Bitcoin than holding gold, there are tokens that are backed by gold and silver they are both a good investment any investor would like to have both.

Naida_BR

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Quote from: bitcoinsc on January 26, 2019, 07:54:31 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.

So inaccurate comparison.
Apart from the fact that they are two different things, the environment was different. Gold immediately started of being used for transactions between counterparts because there was nothing else to be accepted as a way of payment. Bitcoin has come to the world in a difficult situation that it is opposed to the current financial system and it is harder to be adopted.

BitcoinTurk

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Quote from: bitcoinsc on January 26, 2019, 07:54:31 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.

It is not right to compare both investment alternatives or both entities in this way, because both are investment tools with very different values within their classes. First of all, I would like to point out that gold has been one of the most secure investment instruments for centuries, and it will probably continue for a few centuries. Bitcoin is a new and road-based technology created in today's age. The money created with this technology and technology, which is open to development, has not been formally established as an investment instrument. In the years to come, when Bitcoin reaches a more valuable position and is more stable, with a low volatility, it would make more sense to make this comparison based on price or return. Remember, gold never gets old or doesn't lose its market power.

St4yInTh3D4rk

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Quote from: ethereumhunter on March 10, 2019, 10:31:41 PM

Gold has it's history before, and we know that gold was already in human life for a long time ago while bitcoin is only 10 years since the first time people knew it. Gold and bitcoin have each journey, and we cannot compare each other. But bitcoin has a bright future because bitcoin is a new technology which can grow more than now. When technology can improve, it means we will see better technology in the future, and it will help us to get a better life too.

Both were different completely so no need to compare each at all.

Bitcoin may be very less aged when compared to gold but it has grown very rapid when compared to gold or any other valuable metals,but it has own disadvantage as well when compared to most stable valuable thing like gold.

nasipadang

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Quote from: bitcoinsc on January 26, 2019, 07:54:31 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.

This is because the price and the future demand will determine the value of the currency, even gold is not used as a currency and is treated as an asset. Speculation about the price of bitcoin with technological sophistication that is increasingly that's okay and it is indeed logical to argue, but this all returns to how the user requests later because there are many opportunities that might be created in the future, for example other currencies will appear.

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Quote from: eroejoe on February 13, 2019, 07:24:53 AM

Quote from: bitcoinsc on January 26, 2019, 07:54:31 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.

Price is only one parameter, supply is missing in your equation. When you multiply first parameter and second, you get market cap. Gold market cap is 7 trilion $ and Bitcoin market cap is around 60 milliards $.

Gold has been there for many centuries and yet is it stable and of good value. Bitcoin is only for one decade( 10 Years) and i doubt it can exists for even 100 years. It will be dead before that time and it may be replaced by something more valuable/useful then bitcoins. Barter system replaced by Paper money, paper money will be replaced by bitcoins and someday bitcoins will be replaced by something else which is not in existence yet.

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Gold has it's history before, and we know that gold was already in human life for a long time ago while bitcoin is only 10 years since the first time people knew it. Gold and bitcoin have each journey, and we cannot compare each other. But bitcoin has a bright future because bitcoin is a new technology which can grow more than now. When technology can improve, it means we will see better technology in the future, and it will help us to get a better life too.

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Gold has become part of the earth in the form of precious precious metals, and the price is also stable.
The existence of bitcoin is only about 10 years which shows progress in technology that creates valuable digital currencies that are not in any form, and the profitability of bitcoin prices can exceed gold and be more profitable in an instant.

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