in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.
I think when something has a selling price value something can have an up and down price movement, similar to what happens in the gold price movement, it will definitely have a price decline and price increases depending on market conditions.
Topic: Gold exist 1000+ years. while bitcoins exist 10 years. - page 15. (Read 24865 times)
in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.
I think when something has a selling price value something can have an up and down price movement, similar to what happens in the gold price movement, it will definitely have a price decline and price increases depending on market conditions. in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.
Of course the ratio of gold to bitcoin is very different, because gold is not a currency but a metal object that has characteristics for jewelry and the price is always increasing, found thousands of years ago.Whereas bitcoin is a digital currency that was discovered 10 years ago, and the price has risen like a rocket in 2017. But as a currency it certainly has fluctuations as it is now, in a depressed position and the price drops. But in time it will certainly be able to increase again. Of course to prove whether bitcoin can last another 1000 years, only time can answer it.
Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Bitcoin price is higher than gold by over 200%. I
That is a very poor statement because you can't compare bitcoin with gold. Everyone in the world knows what gold is and how precious it is but think about what percentage of the population know what bitcoin is. Record you can buy anything anyway and that's because people know its value. As a limited supply why there is no information about how much gold exist on our planet, not only because recent studies have shown that other planets could potentially have gold inside them. There are many other things that could be sad about to court and that's why these two things cannot be compared. No need yelling at op. He is technically correct with that figure. He said gold exist for "over 1000years" meaning it could have been used as store of value for as long as 6000year and over.
yes it can . gold will exist a long time because of its solid form where it can neglect the hazards of bieng damage by fire and water . we can also mine a gold anytime or anywhere as long as there are still land form on the earth . while bitcoin is only dependent on the internet or being online . many way for bitcoin to be destroyed . but my vote for now will still be on bitcoin because i can experience its benefits .
in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.
No need yelling at op. He is technically correct with that figure. He said gold exist for "over 1000years" meaning it could have been used as store of value for as long as 6000year and over.
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.
Of course we can say it might be true since we are going for an advance technology. Bitcoin may also live as much as there is gold to be leveraged.
Gold has its own backing because yes its definitely useful but also the price now is in relation to its monetisation. Many think gold could be over priced but if we consider the excess dollars available and other FIAT currencies I think gold is cheap longer term; the main reason being bonds are payable in new dollars none will be cancelled
Gold has the same circulation possible as other forms of money. It would not be exchanged physically or limited in that way, it would rely on a paper system. Thats still valid, its just not decentralised like Bitcoin can be
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but the circulation of transactions is faster than gold.
Gold has the same circulation possible as other forms of money. It would not be exchanged physically or limited in that way, it would rely on a paper system. Thats still valid, its just not decentralised like Bitcoin can be
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.
Gold's value comes from its unique properties and not the fact it was used as money.
Gold was valuable way before it was ever used as money.
I would suggest everyone watch this video, a very clever individual:
https://www.youtube.com/watch?v=a4_U6bS-cU4
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 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 $. 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.
do know the properties on which cryptocurrencies do have.No matter how fast it do circulates when it comes to transactions or no matter how fast it is when it comes to appreciation of prices
it wont really be still enough for it to be compared with gold.
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 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.
Of course we can say it might be true since we are going for an advance technology. Bitcoin may also live as much as there is gold to be leveraged.
Once the technology become more advanced in the future for sure the price of the bitcoin will increase very high and everyone want that because that's the reason why we are here is to earn money and everyone want more money. But if we talking about the life span gold is better and less risky compared to the bitcoin but bitcoin can give you high profit.
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.
Of course we can say it might be true since we are going for an advance technology. Bitcoin may also live as much as there is gold to be leveraged.
I personally appreciate your speculation about the future to Bitcoin but one should not in any way compared Bitcoin with that of gold as the two in question are for different purpose.
Can you tell us why do you think the comparison is not valid? it is true gold has many other uses like jewelry but gold has been used as the predominant form of money for thousands of years and we know that bitcoin was created as an alternative form of money outside the control of the governments, so to me it seems like comparing the two is completely valid, and not only that the adoption of bitcoin could give us some insight in the process that made gold adopted in the first place. 
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.
Of course we can say it might be true since we are going for an advance technology. Bitcoin may also live as much as there is gold to be leveraged.
of course I will choose gold because the price is stable and I like a lot of people too, so right now I have returned to invest in gold again because bitcoin and other crypto have not had a good change
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