Topic: Gold exist 1000+ years. while bitcoins exist 10 years. - page 18. (Read 24865 times)
Gold will most likely outlive any other store of wealth. Right now Bitcoin are the digital version of gold, what the digital version of gold will be in the future, no once knows. But a good guess are that bitcoin will be the digital version in the next many decades.
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y Mrs doesn’t want a Bitcoin engagement ring, or bitcoin earings.
Science doesn’t want the electrical properties of bitcoin or bitcoins chemical inertness.
NASA does not want bitcoin for its heat reflective properies.
I don’t want my Daydate made of bitcoin.
Gold might just be a metal but it’s valuable for very good reasons, it has amazing properties and is nice to look at and not hugely abundant.
Science doesn’t want the electrical properties of bitcoin or bitcoins chemical inertness.
NASA does not want bitcoin for its heat reflective properies.
I don’t want my Daydate made of bitcoin.
Gold might just be a metal but it’s valuable for very good reasons, it has amazing properties and is nice to look at and not hugely abundant.
Thats all good reasoning for fundamentals on gold long term, it has lasting demand for its variety and some extent unique attributes. However right this moment in time, BTC has a demand and usage because we are transitioning away from global currency bound to just one country with a system based on national politics. Currency has big flaws worldwide right now for being centred around just one economy, even EURO where in theory many nations share the burden of a shared currency with equal say I dont think it works that well for them. I see BTC or some replacement will be required, it wont just be gold alone
1000+ existing year vs 10 year existing then obviously the fans of gold still very much better than bitcoin but these two should not be compared because both of them have difference of benefit although they can be recognized as investment tools but bitcoin development still in progress which mean to surpassing gold it is very possible and it could be good achievement if we can bring more gold fans change their mind and invest to bitcoin
Isn't it very clear that bitcoin and gold are two very different fruits of ecosystems and commodities. although both are indeed a means for investment but in reality they have different characters.
I am clear again that bitcoin and gold cannot be compared in any way.
It's just an speculations where there's nothing to prove I guess, comparing this two assets would bring different points of view, we just needI am clear again that bitcoin and gold cannot be compared in any way.
to hope seeing more progress with the current digital currency that we are enjoying while leaving gold to it's venue where he's a good valuable
assets.
Many threads in this forum have headline " Bitcoin VS Gold". This topic can be an answer to that, how can you compare something
that exist for 1000 years with something that`s around just 10 years? We can speculate about this two assets, but they are very
different.
New generations favor digital much more than precious metals. I believe that precious metals will always have some value but they
can`t compete with usability of crypto-currencies.
In my opinion, bitcoin and gold really doesn't have to be compared. Not even for how the price moves. The two things are really different. One is physical and the other being virtual but both are good and possesses the value where one might be able to buy goods in a different manner though. The thousand years for gold might have made it popular and bitcoin may have started just right now in the modern world but it does not show that it is either weak or late against gold in terms of progress. The two in my observation and understanding will co-exist similar to how fiat and gold did for several years since then. So I would say none of these will serve as a basis for saying one is good and the other isn't. They both have strengths and weaknesses.
Since Gold started from 40,000 b.c. and first gold using as money on 700 bc it is very the obvious the successful of gold in history. But in the changing of technology today it seems gold is disabled in the picture so bitcoin is the new popular and can use whenever you are..and best Creation in the history.
Isn't it very clear that bitcoin and gold are two very different fruits of ecosystems and commodities. although both are indeed a means for investment but in reality they have different characters.
I am clear again that bitcoin and gold cannot be compared in any way.
It's just an speculations where there's nothing to prove I guess, comparing this two assets would bring different points of view, we just needI am clear again that bitcoin and gold cannot be compared in any way.
to hope seeing more progress with the current digital currency that we are enjoying while leaving gold to it's venue where he's a good valuable
assets.
Many threads in this forum have headline " Bitcoin VS Gold". This topic can be an answer to that, how can you compare something
that exist for 1000 years with something that`s around just 10 years? We can speculate about this two assets, but they are very
different.
New generations favor digital much more than precious metals. I believe that precious metals will always have some value but they
can`t compete with usability of crypto-currencies.
Isn't it very clear that bitcoin and gold are two very different fruits of ecosystems and commodities. although both are indeed a means for investment but in reality they have different characters.
I am clear again that bitcoin and gold cannot be compared in any way.
It's just an speculations where there's nothing to prove I guess, comparing this two assets would bring different points of view, we just needI am clear again that bitcoin and gold cannot be compared in any way.
to hope seeing more progress with the current digital currency that we are enjoying while leaving gold to it's venue where he's a good valuable
assets.
To be realistic bitcoin is one of the greatest technology that have come to stay, this is just the early stage of this technology. This technology will stay beyond 1000 years. Bitcoin is more relevant in this age than gold that is why it price is appreciating more than the price of gold.
This is a pretty amazing technology, I don't deny this but if you say this technology will last more than 1000 years, it seems to be quite illusory and impractical because with a society that has a very fast growth rate, new technology will constantly appear and old technology will be removed. Bitcoin may be replaced by another technology in the near future, while gold seems to be strong and survives over time, it does not disappear, so if we compare in the long term, I still believe that gold is stable and better, the price of bitcoin may be higher right now but the far future, this will change 
Isn't it very clear that bitcoin and gold are two very different fruits of ecosystems and commodities. although both are indeed a means for investment but in reality they have different characters.
I am clear again that bitcoin and gold cannot be compared in any way.
I am clear again that bitcoin and gold cannot be compared in any way.
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 is really a lame comparison. Gold and bitcoin cannot be compared to each other because it is completely different in every way. Bitcoin is a financial trading tool, gold is a jewelry and is also a resource. it's different and it's not comparable.About the value of bitcoin, it deserves to be of great value now. and it will grow even more in the future.
To be realistic bitcoin is one of the greatest technology that have come to stay, this is just the early stage of this technology. This technology will stay beyond 1000 years. Bitcoin is more relevant in this age than gold that is why it price is appreciating more than the price of gold.
I think it is not appropriate to compare a physical and digital asset,one thing is sure gold cant be replaced no matter which other asset come,because it is most popular asset to store funds and widely used in other utility and majorly in ornaments industries.bitcoin is considered as the digital gold but it will take time to get acknowledge by regular people not just guys who are in tech background ,bitcoin popularity will grow in future and so its utility.
it's clear that bitcoin and gold can't be a fair comparison because they really have different traits and have different paths.
Very different between gold and Bitcoin,
Example:
Bitcoin digital currency is an online transaction system, and technology, indeed the price is higher than the price of gold, but bitcoin can be bought no matter what we want depending on the money we have.
gold, shaped physically for jewelry, and must be purchased per gram or kilo.
So it's different if gold and bitcoin investments, both from price movements and investing methods.
Example:
Bitcoin digital currency is an online transaction system, and technology, indeed the price is higher than the price of gold, but bitcoin can be bought no matter what we want depending on the money we have.
gold, shaped physically for jewelry, and must be purchased per gram or kilo.
So it's different if gold and bitcoin investments, both from price movements and investing methods.
Gold was the king for long years because there wasn't a better alternative. Not there is. Called Bitcoin.
The supply is limited just like gold and unlike gold you can send and receive it from anywhere in the world. And also unlike gold it is impossible to fake bitcoin. You can get fooled by fake gold coins but you can't get fooled by fake bitcoins. You can get fooled by fake bitcoins (like bcash) if you are dumb though.
Bitcoin is gold 2.0 without any drawbacks.
The supply is limited just like gold and unlike gold you can send and receive it from anywhere in the world. And also unlike gold it is impossible to fake bitcoin. You can get fooled by fake gold coins but you can't get fooled by fake bitcoins. You can get fooled by fake bitcoins (like bcash) if you are dumb though.
Bitcoin is gold 2.0 without any drawbacks.
My Mrs doesn’t want a Bitcoin engagement ring, or bitcoin earings.
Science doesn’t want the electrical properties of bitcoin or bitcoins chemical inertness.
NASA does not want bitcoin for its heat reflective properies.
I don’t want my Daydate made of bitcoin.
Gold might just be a metal but it’s valuable for very good reasons, it has amazing properties and is nice to look at and not hugely abundant.
Bitcoin has value, but that value needs to be fostered by continuing transactions and price stability, at the moment the price is too volatile for mass adoption, TX fees crippled commercial use during the 2017 boom. These are things that are being worked out with Lighting etc... but bitcoin is not compatible to Gold, not yet at least.
Science doesn’t want the electrical properties of bitcoin or bitcoins chemical inertness.
NASA does not want bitcoin for its heat reflective properies.
I don’t want my Daydate made of bitcoin.
Gold might just be a metal but it’s valuable for very good reasons, it has amazing properties and is nice to look at and not hugely abundant.
Bitcoin has value, but that value needs to be fostered by continuing transactions and price stability, at the moment the price is too volatile for mass adoption, TX fees crippled commercial use during the 2017 boom. These are things that are being worked out with Lighting etc... but bitcoin is not compatible to Gold, not yet at least.
Gold has come to such a level with a long history. How long our technology evolution will survive is the question, because to the growing population it isn't possible with the limited supply of bitcoin. The demand will surely keep growing, and such a big growth defeating the value of gold is simply a big thing in the history of bitcoin.
I agree only with the fact that common to bitcoin and gold is that with them, people feel rich. In the rest, of course, these are not comparable things. In addition, perhaps someone in a thousand years will also compare bitcoin with some other means of enrichment and accumulation.
I think the longer Bitcoin and the internet exist bitcoin will become valuable overtime. A comment was made that gold is different in price but what I really meant was. The price in ounces is worth less than one Bitcoin.
When you look at the price of Bitcoin from the very beginning until now most people will say the same thing but you have to stop this Bitcoin to Gold comparison. The older something gets doesn't mean it's certain to stay expensive the demand changes over time and it can be the same for Bitcoin if someone comes up with a better cryptocurrency in the future. I think bitcoin is also now entering a difficult period because maybe a lot of things affect it and maybe bitcoin will also survive like gold can even exceed the price of gold.
It's more likely called a correction period similar to what happened last time when Bitcoin reached $1k after the first halving. Jump to: