Topic: Gold exist 1000+ years. while bitcoins exist 10 years. - page 16. (Read 24883 times)
Well i agree that the good is exist for a long time than bitcoin, but I also believe that bitcoin is exist for 10 years and still counting. I see that the bitcoin has a potential to last long or maybe forever it depends upon the crypto feild. If many people believe and become more interested in crypto maybe crypto or bitcoin will rise soon or maybe till forever.
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Well thats complete crap. Gold is mined every year so by your theory as supply increases every year then the price should decrease every year.
Many will think that but the world has big population growth so in theory we have greater demand created regularly. The majority of India is below 30 and over 1 billion people, this is a nation which is very positive on gold use traditionally.
Despite an easy assumption otherwise, gold is not old and too archaic for modern use. However I think some of this latent thinking is in the price and is part of why gold could be said to be cheap relative to its likely prospects. Its not just Bitcoin which is a growth market, even the well known products can come back into play imo
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 always existed, it was here before the humans and before the earth, gold will also be here when the humans are gone and the earth are gone also. Bitcoins have been here for 10 years, it will also be here in 10 years from now, and the last bitcoin will also be mined in 130 years from now. From now and until the last bitcoin are mined we will see many new Bull Runs. Bitcoin are a digital store of wealth, and that makes it populare in the digital world we lives in.
People with no internet connection must be choosing gold. Bitcoin is good investment but without recognized by government as currency, bitcoin still a speculation asset. Maybe in near future when internet infrastructure getting more better and people recognize bitcoin, people will use bitcoin as investment asset like gold and will used for internet transaction
Difficult to compare the two.
Just like you said technology is booming and that is a truth.
While on the other hand, gold is still being used as jewelry but not with chips anymore. It is a good conductor before but not anymore.
The technology is too high and we have created things that best suites smartphones and computers.
It will take more time but that is for sure, bitcoin will be in the frontlines.
Just like you said technology is booming and that is a truth.
While on the other hand, gold is still being used as jewelry but not with chips anymore. It is a good conductor before but not anymore.
The technology is too high and we have created things that best suites smartphones and computers.
It will take more time but that is for sure, bitcoin will be in the frontlines.
bitcoin is very much in line with the broad scope of technological developments
this coin runs with the transitional method to become an example of variations of civilization embryos from the next economic method, on the other hand, gold will remain as guarantor of the currency, the characteristics of both will synergize strong in the future if bitcoin succeeds in becoming a benchmark other than the central economy.
this coin runs with the transitional method to become an example of variations of civilization embryos from the next economic method, on the other hand, gold will remain as guarantor of the currency, the characteristics of both will synergize strong in the future if bitcoin succeeds in becoming a benchmark other than the central economy.
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.
Behind Bitcoin you can find a lot of new options in the market. Considering that when the blockchain technology was launched many people had the opinion that it will not last so here is the proof that bitcoin goes on the same principle like gold> if you believe in it, you give value. Bitcoin has that super advantage over gold.
and gold has advantages over bitcoin but they cannot be directly compared.
the only reason these threads keep popping up in the first place is because consciously or subconsciously people recognise gold as the ultimate form of wealth.
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.
First, gold has existed since the explosion of the supernova star, the time of which no expert can assume, secondly, the price of bitcoin is not tied to gold, like most of the world's currencies, the price of bitcoin depends on the dollar, and the price of the dollar depends on natural resources, here it is a logical chain. The more you buy bitcoins, the more it is backed by dollars. 
Bitcoin has that super advantage over gold.
and gold has advantages over bitcoin but they cannot be directly compared.
the only reason these threads keep popping up in the first place is because consciously or subconsciously people recognise gold as the ultimate form of wealth.
Technology makes everything a lot quicker in our life. Just 30 years ago telephones were a tough thing and not even every single house had them, look at us today with our mobile phones that are "more advance than the technology used in nasa to send spaceship to moon" (which is idiotic considering who uses it is more important).
So, gold could be compared to bitcoin some manner (even though dollar and euro is more comparable to bitcoin than gold is since bitcoin suppose to be money and not a commodity) but the technology is adoptable in our lives much quicker in recent years than the old days where everything was taking so long for people to actually get their hands on. When first cars were made it was the local places that got it first, now when a new innovation happens all world gets it. Bitcoin has that super advantage over gold.
So, gold could be compared to bitcoin some manner (even though dollar and euro is more comparable to bitcoin than gold is since bitcoin suppose to be money and not a commodity) but the technology is adoptable in our lives much quicker in recent years than the old days where everything was taking so long for people to actually get their hands on. When first cars were made it was the local places that got it first, now when a new innovation happens all world gets it. Bitcoin has that super advantage over gold.
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 always existed, it was here before the humans and before the earth, gold will also be here when the humans are gone and the earth are gone also. Bitcoins have been here for 10 years, it will also be here in 10 years from now, and the last bitcoin will also be mined in 130 years from now. From now and until the last bitcoin are mined we will see many new Bull Runs. Bitcoin are a digital store of wealth, and that makes it populare in the digital world we lives in.
Do you say gold exist 1000+ years "maybe?"
from what planet you are?!
If you love to compare bitcoin with gold they have different history. The price of gold was high from the most beginning and now its lower because the mass of gold increased. Number of bitcoin's is limited and this factor can make it super expensive at the moment when all coins will be on the market.
from what planet you are?!If you love to compare bitcoin with gold they have different history. The price of gold was high from the most beginning and now its lower because the mass of gold increased. Number of bitcoin's is limited and this factor can make it super expensive at the moment when all coins will be on the market.
Well thats complete crap. Gold is mined every year so by your theory as supply increases every year then the price should decrease every year.
Gold price is a measure of confidence in the global economy with a floor price based on mining costs.
When the world economy is stable and growing the gold price tends to drop back, when fear and uncertainty raises its head then gold price increases.
Central banks are currently accumulating gold at the fastest rate since 1971, that should be enough to tell you what is about to happen. Gold is also currently at an all time high in 72 currencies.
Also considering Comex is currently leveraged at over 200 paper gold oz's to every real physical oz of gold its easy to see that physical metal supply has little impact on price at this current time. If Comex ever goes under due to customers demanding physical delivery of the metal during a financial crisis you can imagine the impact on gold price.
Do you say gold exist 1000+ years "maybe?" from what planet you are?!
If you love to compare bitcoin with gold they have different history. The price of gold was high from the most beginning and now its lower because the mass of gold increased. Number of bitcoin's is limited and this factor can make it super expensive at the moment when all coins will be on the market.
from what planet you are?!If you love to compare bitcoin with gold they have different history. The price of gold was high from the most beginning and now its lower because the mass of gold increased. Number of bitcoin's is limited and this factor can make it super expensive at the moment when all coins will be on the market.
Comparing gold vs bitcoin is somewhat useless. From an ancient time gold already exists 'physically'. While bitcoin was created as a digital currency, it is not right to compare those two based on their years of existence. However,
Yes, we can not make a comparison between gold and bitcoin. Gold will always exist in the future because it is a rare resource. Bitcoin may collapse and die in the future if blockchain is removed and no one uses it. It is clear that precious gold is much more rare than bitcoin Price is not based on years it is based on "Demand and Supply".
Thats his point also, demand that has lasted my whole life and has been in existance for thousands of years. That would be the strength and certainty in gold, if we are talking money then its security and that certainity in long term never ending demand cannot be understated for its importance.
Bitcoin is still a flash in the pan short term despite being here a decade its work to prove itself continues and it for sure the underdog
gold has been known for more than 1000 years and gold has been used from time immemorial to exchange and in the past there was no technology and even computers have not been discovered, how can bitcoin be created early if the computer has not been created? LOL, that's why bitcoin still has a smaller age than gold.
indeed in its stages it is difficult to compare the two, because of time problems. but I think at this time bitcoin bitcoin has shown its achievement with an increase in prices since 10 years agoBitcoin has high technological value, this makes many people curious and will choose the development of blockchain technology rather than gold. If this is seen from the intellectuality of human beings who are mentally ready to take steps for the future. But for those who are afraid of losing money and not having the readiness to lose, they will choose gold as a safe investment.
gold has been known for more than 1000 years and gold has been used from time immemorial to exchange and in the past there was no technology and even computers have not been discovered, how can bitcoin be created early if the computer has not been created? LOL, that's why bitcoin still has a smaller age than gold.
indeed in its stages it is difficult to compare the two, because of time problems. but I think at this time bitcoin bitcoin has shown its achievement with an increase in prices since 10 years agogold has been known for more than 1000 years and gold has been used from time immemorial to exchange and in the past there was no technology and even computers have not been discovered, how can bitcoin be created early if the computer has not been created? LOL, that's why bitcoin still has a smaller age than gold.
indeed in its stages it is difficult to compare the two, because of time problems. but I think at this time bitcoin bitcoin has shown its achievement with an increase in prices since 10 years ago
Comparing gold vs bitcoin is somewhat useless. From an ancient time gold already exists 'physically'. While bitcoin was created as a digital currency, it is not right to compare those two based on their years of existence. However,
Water existing over million years,Sand existing over billion years and you were existing over 50 years so you and all these thing need to be more valued than gold and bitcoin. 
No need to list other things . we are only talking about bitcoin and gold here .
Price is not based on years it is based on "Demand and Supply".
Yes but the longer the thing exist , the more demand that they will get . price may not be based on years but years can help a thing to become more trusted .
how can bitcoin be created early if the computer has not been created?
No one said that because that is impossible for bitcoin to exist without a computer . we all know that computer is the one that create's bitcoin not unless if they will create bitcoin physically just like a local currency
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