Topic: Gold exist 1000+ years. while bitcoins exist 10 years. - page 6. (Read 24865 times)
Gold invest by many people and bitcoin only invest by some one know with bitcoin, population of bitcoin investment only 0.5% for each country in the world and for gold more than 40% people save and make gold as their investment, Bank use gold as investment too because gold less risk with lower price than use bitcoin with big risk price down, inside with many people do not know whit bitcoin investment less education how to invest with crypto.
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.
There are many differences between gold and Bitcoin. BTC is a cryptocurrency and a digital asset, while gold is, basically, a physical asset, not a currency. So it is obvious that the usability of BTC is, in theory at least, larger than gold, despite that people around the world still trust gold more than any cryptocurrency. But I agree that BTC value is going to rise with time.
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.
There are many differences between gold and Bitcoin. BTC is a cryptocurrency and a digital asset, while gold is, basically, a physical asset, not a currency. So it is obvious that the usability of BTC is, in theory at least, larger than gold, despite that people around the world still trust gold more than any cryptocurrency. But I agree that BTC value is going to rise with time.
and now experiencing correction is very reasonable, hopefully bitcoin will still be there for the next 100 years
Gold have limited supply and could be exist more than 100 years but how with bitcoin have limited supply will be exist for long time than gold? bitcoin have pass about five years with price keep growing up but when got bad news bitcoin never could protect become stable coin, price of bitcoin always dump lower 40% after many bad news like hacked exchange, banned crypto in some country. For gold like stable price year by year never down more than 10%.
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.
There are many differences between gold and Bitcoin. BTC is a cryptocurrency and a digital asset, while gold is, basically, a physical asset, not a currency. So it is obvious that the usability of BTC is, in theory at least, larger than gold, despite that people around the world still trust gold more than any cryptocurrency. But I agree that BTC value is going to rise with time.
and now experiencing correction is very reasonable, hopefully bitcoin will still be there for the next 100 years
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.
There are many differences between gold and Bitcoin. BTC is a cryptocurrency and a digital asset, while gold is, basically, a physical asset, not a currency. So it is obvious that the usability of BTC is, in theory at least, larger than gold, despite that people around the world still trust gold more than any cryptocurrency. But I agree that BTC value is going to rise with time.
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.
Time will never the basis for someone to determine the value of something, gold do exist a long time ago and bitcoin was just created and released in the year 2009, but we can't hide the fact that even with that short amount period of time, bitcoin is more expensive and valuable than gold, gold is old and bitcoin is the new trend for this new age where we are. Bitcoin have the advantages because it have technology unlike gold that don't have.
The chances of bitcoin being successful and making our dreams come true with it is expected like sunsets and sunrise, maybe gold will not lose its value, but bitcoin could surpass gold even million times.
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 cannot compare bitcoin with gold because they are very different. gold is a precious metal. and this precious metal has been found thousands of years ago. perhaps there will not be any concrete data on what year gold was found because since ancient times gold has been used as a symbol of greatness and prosperity. and new bitcoin emerged in 2009 as a breakthrough and new way in the financial system. many people equate bitcoin as digital gold because both (gold and bitcoin) can be used as an investment tool.
yes of course we can't consider it a moment because we were born in an era that began to advance
but we cannot compare with gold as a whole and this is quite different
The comparison of bitcoin with gold is just like comparing air with water. Both have their own benefits and shortcomings. We cannot give one investment complete edge over other. If gold has been there for centuries, bitcoin has produced more benefit in short time which gold market has never touched. But some people consider gold safer. All have their own perks. but we cannot compare with gold as a whole and this is quite different
I understand your opinion that as bitcoin will thrive in the future compared to other asset classes, gold is an example. But the funny thing is that your comparison is lame because these two units are completely different, they are different in structure and form. In addition, no matter how strong the value of bitcoin will grow in the future, gold always has a significant value, gold is made for jewelry or computer components, bitcoin is just a cryptocurrency and a system, a great system (blockchain). In the future I don't know if bitcoin will continue to grow much but investing in cryptocurrencies is a good choice.
yes of course we can't consider it a moment because we were born in an era that began to advance
but we cannot compare with gold as a whole and this is quite different
but we cannot compare with gold as a whole and this is quite different
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The only metric that we can compare is the market cap, and gold is far ahead in this regard.
Size would go to dollars and the debt markets there overall but we arent trying to gain the largest players in the market, I dont see thats the objective of Bitcoin. The sign of success for BTC will be serving the smallest interests, of which there are 7 billion people of course and ultimately its a far more important market audience.
The only real way to gain the smallest 'bits' of an economy is by efficiency and utility. BTC size might help in some regards but its secondary to the underlying purpose of achieving an easily exchangeable secured and independent digital currency globally. There are digital currencies already but they are reliant on one company quite often so not secure longer term.
Well this is a bullshit comparison not because Gold is a better asset or bitcoin is a better asset or they are equal. This is something about the purchasing power parity. I mean to say the cost inflation index determines the value of any currency. Value of most of the things is determined by demand and supply with respect to general price levels in the economy. So for example, Gold once was worth $10-20 while any new invention today say if we develop a new type of calculator would not cost more than $10. So can you make a comparison between Gold & Calculator? NO because the calculator even if it didn't existed back then when gold was $10 it's value back then can be determined using simple economics and price Levels. So bitcoin too if is priced at $8k today it means it has discounted the price of more than 1000 years within it. If it would have been found 10 years earlier it would have never been $8k then. That's how economics works.
Any comparison between gold and Bitcoin is unnecessary at this point. You can't even compare gold (which is having a market cap of around $8 trillion) with a relatively new asset such as Bitcoin (market cap of around $140 billion). Even at its peak (December 2017), the market capitalization of Bitcoin was less than 4% of that of gold. Some of the users are now comparing price of one BTC with one oz. of gold. Nothing can be farther from the truth, because the units used are not the same. One coin is not the same as one oz, as the first one is a digital asset and the second one is a physical asset. The only metric that we can compare is the market cap, and gold is far ahead in this regard.
I don't think we should compare gold and bitcoin, it is two completely different things. Gold is a proven and effective investment. And of course the gold market is regulated, while cryptocurrencies still have problems with adoption.
If bitcoin will be regulated just like the gold then the adaption will not become a problem anymore and in fact, even though the cryptocurrencies are not well regulated in the majority of the countries in the world, people are still trusting and they preferred cryptocurrencies more compare to other investments just like gold.The numbers of years that Bitcoin exist showed the potential that it will have much better value after some years more.
Today bitcoin have pass more than four years will be could raised to 10 years? Gold could exist forever but bitcoin depend on how demand and supply for transaction of bitcoin, when many investor have tired with bitcoin always lower price maybe bitcoin season have ended and investor return to gold investment.
Gold is on another level of standards compared to bitcoins, but
if your talking about investments I think with todays available
options both are almost on par. Gold will continue to exist and
flourish more in the years to come as it has always did. I think
Bitcoin will exist and grow in the coming years, it has a lot to
prove and we’ve all been witnesses to it’s lucrative potential all
around. The last 10 years has been quite an interesting ride for
bitcoins, the next might be intriguing and surprising.
if your talking about investments I think with todays available
options both are almost on par. Gold will continue to exist and
flourish more in the years to come as it has always did. I think
Bitcoin will exist and grow in the coming years, it has a lot to
prove and we’ve all been witnesses to it’s lucrative potential all
around. The last 10 years has been quite an interesting ride for
bitcoins, the next might be intriguing and surprising.
1000+ years? wooowww... where do you think gold came from?
gold has been here forever and humans use it since who knows when... well, the discussion about why we value gold above almost everything is another thing...
The point is, you can't compare two completly different things... we can speak about unit of measurement, máx. supply, etc, etc
gold has been here forever and humans use it since who knows when... well, the discussion about why we value gold above almost everything is another thing...
The point is, you can't compare two completly different things... we can speak about unit of measurement, máx. supply, etc, etc
LOL... the OP should have rather rephrased his statement as "gold has been used as an asset by the humans for 1,000+ years" rather than saying that "gold has existed for 1,000 years". Because gold has existed ever since the formation of our planet (4.54 billion years ago). So you can compare them like this: gold has been used as currency for the past 2,700 years (first records in BC 700), fiat currency has been in use since BC 600 (2,600 years ago in Lydia), and Bitcoin is in existence for the last 10 years.
I don't think we should compare gold and bitcoin, it is two completely different things. Gold is a proven and effective investment. And of course the gold market is regulated, while cryptocurrencies still have problems with adoption.
1000+ years? wooowww... where do you think gold came from?
gold has been here forever and humans use it since who knows when... well, the discussion about why we value gold above almost everything is another thing...
The point is, you can't compare two completly different things... we can speak about unit of measurement, máx. supply, etc, etc
gold has been here forever and humans use it since who knows when... well, the discussion about why we value gold above almost everything is another thing...
The point is, you can't compare two completly different things... we can speak about unit of measurement, máx. supply, etc, etc
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