Topic: Gold quickly becoming more scarce. Which will be worth more, Bitcoin or Gold? (Read 741 times)
May 18, 2020, 12:55:17 PM
No comparison should be made concerning the Bitcoin and the Gold. Gold has been in existence as such has the will-power of the people while the said Bitcoin has been in existence 11years now. Bitcoin has made history when it come to the market compared to Gold and we should be proud of this as a community. Just with 11years bitcoin has been in the news and growing, so, it shouldn't be measure with Gold or any other. Bitcoin is still growing and will definitely outgrowth Gold.
May 18, 2020, 12:14:09 PM
What will be worthier in 2100? I put my lifesavings on bitcoin about that. I hope my grandchildren will live a rich life. 
Well in 2100, only 0.00000596BTC will be generated per block, meaning 0.00085830BTC per day.
If I wanted to save money on a safe place, then the priceless gold would be my choice. It almost never loses value. With bitcoin tho you can lose fortunes within a month.
This show us the main difference between the two, if your goal this to store the value of your money over long periods of time then gold seems like the better choice as it has a proven record of thousands of years of doing that successfully, but if what you want to do is to maximize your profits as much as possible in the shortest possible amount of time then it seems that bitcoin is the best choice as I have no doubts that we will see a bull market during the next years. Well in 2100, only 0.00000596BTC will be generated per block, meaning 0.00085830BTC per day.
If I wanted to save money on a safe place, then the priceless gold would be my choice. It almost never loses value. With bitcoin tho you can lose fortunes within a month.
May 15, 2020, 01:04:22 AM
Although the two are seen in two ways.Gold has been carrying value since ancient times.Bitcoin has been around for the past decade.Gold can be seen. It can be touched with the hand.But Bitcoin is liquid money.Bitcoin also has a higher probability of profit and a higher probability of loss. However, in the case of gold, the possibility of more profit is less.All in all, the acceptability of gold is equal in all countries.
Gold will reach it limit someday but the price of it will plateau and eventually will drop, unlike bitcoin which has a limited supply thus making the price of it in check. The reason that I believe that gold will reach plateau someday is the fact that space mining is becoming a thing in the future and particle accelerators are creating real life alchemy as in bombing lead atoms to become gold, when that happens the supply will increase and the price will go down. On the other hand, bitcoin will never reach the sky high price, not until it will be centralized. Decentralized bitcoin will only reach a stalemate because the chances that it will crash down is very high. May 15, 2020, 12:09:22 AM
Although the two are seen in two ways.Gold has been carrying value since ancient times.Bitcoin has been around for the past decade.Gold can be seen. It can be touched with the hand.But Bitcoin is liquid money.Bitcoin also has a higher probability of profit and a higher probability of loss. However, in the case of gold, the possibility of more profit is less.All in all, the acceptability of gold is equal in all countries.
May 14, 2020, 06:52:13 PM
Gold is considered the safest asset out there in terms of inflation because the total market cap cannot be printed but it has disadvantage such as, its hard to transfer even take 3-5 days depending on location and you need to pay expenses with transportation and storing it which is costly.
But Bitcoin on other hand makes life so much easier with its instant transaction, low fees and quantitative tightening. I say its much superior than Gold.
But Bitcoin on other hand makes life so much easier with its instant transaction, low fees and quantitative tightening. I say its much superior than Gold.
May 14, 2020, 05:41:25 PM
I want to see bitcoin and gold will be worth in the future 
So far, gold becomes stable than the other wealth component, and many people choose gold as their investment. But now, they can invest in bitcoin if they want, and they can have a chance to make a big profit if they can invest in both gold and bitcoin.
But we don't know which will be worth in the future.
So far, gold becomes stable than the other wealth component, and many people choose gold as their investment. But now, they can invest in bitcoin if they want, and they can have a chance to make a big profit if they can invest in both gold and bitcoin.
But we don't know which will be worth in the future.
Sorry, I just find this thought experiment very funny:
"1 bitcoin = XYASASDQJW"
but then what's the price of 1 gold? This isn't minecraft lol, how can we quantify a equal amount of gold to BTC? 1KG seems arbitrary, is there 21m kg of gold in the world? Less? What's a proper measure to compare it to, then? Otherwise it's always apples to oranges kinda comparison.
May 14, 2020, 03:13:19 PM
Why don't you just focus on one and stop jumping from one place to another comparing things that are different to each other in lots of ways? After the halving, haven't you seen that Bitcoin has been increasing in price? The price went up to $9700 plus and has been above $9000 since today.
Gold is also growing, but you should be focusing on just one and stop confusing yourself with all of them, unless you have plans to invest in the two of them as a way to diversify your money. It's all up to you. They are all a good investment. I have invested in gold before and then the platform which I was investing in decided to merge with another company, and around then I got to know about Bitcoin and started to invest in it.
Gold is also growing, but you should be focusing on just one and stop confusing yourself with all of them, unless you have plans to invest in the two of them as a way to diversify your money. It's all up to you. They are all a good investment. I have invested in gold before and then the platform which I was investing in decided to merge with another company, and around then I got to know about Bitcoin and started to invest in it.
May 14, 2020, 05:06:52 AM
Gold selling out, private persons are going to have trouble taking delivery:
https://newsroom.proaurum.de/pro-aurum-schliesst-edelmetall-shop-vom-23-bis-einschliesslich-25-maerz-2020/
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/edelmetalle-mangelware-gold-nachschub-aus-der-schweiz-geraet-ins-stocken/25672404.html?ticket=ST-511794-2IgeAmgrQz4Q730T9Yxt-ap1
Refineries in Switzerland melt 70% of all gold, all are shut down:
https://www.aargauerzeitung.ch/wirtschaft/schweiz-schmilzt-das-gold-der-welt-die-groessten-raffinerien-sind-hier-129626667
https://goldswitzerland.com/swiss-gold-refiners-cease-production-end-of-paper-market/
Limited supplies and great demand can drive prices very high. Which will be worth more in a year, Bitcoin or Gold?
gold is safe for so long but as technology grow every second everything change so fast and its not that far we see bitcoin more powerful than gold or anything else.it takes time also .maybe 3/4 years until we see true power of crypto and blockchain.
No doubt gold is safe but if we talk about the profitability bitcoin will stand out among this comparison since we all know how good bring up with bitcoins and for several years there are so many people earning with it. In relevance I think gold is much stronger since the demand of bitcoins is not quite high as gold since if we talk about global economy for sure many prefer to have gold than bitcoins.
May 14, 2020, 04:54:46 AM
Depending on your personality and your mind you need to chose your way,
Bitcoin is growing rapidly but it's always counts as high risk investment.
But, in the other hand golds is a safe haven our grandfathers believed on it and so their grand fathers the price is rising slowly but this always rising in long term. But it's not like investing on gold is super safe because if you buy physical gold there is the risk of someone stealing all your investments. However, by tokenization gold and some other valuable metals the problem is getting solved by still there is nothing called super safe investing.
Generally, if you are looking for long time and low risk investment go for gold. But, if you don't have any problem with high risk investment and your investment worth changing by the price all the time you can start investing on gold after investigation about it.
Bitcoin is growing rapidly but it's always counts as high risk investment.
But, in the other hand golds is a safe haven our grandfathers believed on it and so their grand fathers the price is rising slowly but this always rising in long term. But it's not like investing on gold is super safe because if you buy physical gold there is the risk of someone stealing all your investments. However, by tokenization gold and some other valuable metals the problem is getting solved by still there is nothing called super safe investing.
Generally, if you are looking for long time and low risk investment go for gold. But, if you don't have any problem with high risk investment and your investment worth changing by the price all the time you can start investing on gold after investigation about it.
May 13, 2020, 04:19:02 PM
What will be worthier in 2100? I put my lifesavings on bitcoin about that. I hope my grandchildren will live a rich life.
Well in 2100, only 0.00000596BTC will be generated per block, meaning 0.00085830BTC per day.
If I wanted to save money on a safe place, then the priceless gold would be my choice. It almost never loses value. With bitcoin tho you can lose fortunes within a month.
Well in 2100, only 0.00000596BTC will be generated per block, meaning 0.00085830BTC per day.
If I wanted to save money on a safe place, then the priceless gold would be my choice. It almost never loses value. With bitcoin tho you can lose fortunes within a month.
May 13, 2020, 12:43:09 PM
If we really care so much for our future, we have to invest more in Gold rather than of Bitcoin or any crypto.
Crypto investment is not really a safe haven, unlike Gold. Pertaining to such difference when we come into assurance, I don't think that Bitcoin will defeat Gold. It was the price that Bitcoin makes its name but seeing Gold, it is called wealthy.
Yeah I think, what we are doing right now is a very risky by relying our financial future to cryptocurrency which acts like a bungee rope and we do not know when the rope is going to snapped. We have been talking about gold and bitcoin for ages, before the bitcoin comes in there was gold that is valued through its metal composition and define its intrinsic value. Bitcoin on the other hand is thick bubble.Crypto investment is not really a safe haven, unlike Gold. Pertaining to such difference when we come into assurance, I don't think that Bitcoin will defeat Gold. It was the price that Bitcoin makes its name but seeing Gold, it is called wealthy.
But since Bitcoin has a great market value today, we should also have to take this opportunity.
What we have now is an opportunity, yes, because bitcoin is volatile and we can make profit out of it. May 13, 2020, 12:00:42 PM
Does it really matter? What I mean is gold and bitcoin will go up in value during the next years and decades due to the economic policies that governments all around the world have taken during the last decades, it doesn't really matter which one you choose you are going to earn a lot of money with both of them, just make sure that when we see a sudden increase in the price of both you are holding enough of it to change your life, if you do that you're not going to really care that much about which one outperformed the other.
May 13, 2020, 11:28:06 AM
Right now there is no doubt for gold to be more safe investment than bitcoin because of its massive liquidity and adoption throughout the world. When a Country's paper money will no longer be accepted in some country, the only thing that can help them to bounce back their economy is gold. that's why storing gold is crucial for every country out there. You can see some countries that face tribulation when they're out of any options when the United States no longer accepts their money. their national currency's price drops like that of the shit altcoins.
May 13, 2020, 10:19:17 AM
If we really care so much for our future, we have to invest more in Gold rather than of Bitcoin or any crypto.
Crypto investment is not really a safe haven, unlike Gold. Pertaining to such difference when we come into assurance, I don't think that Bitcoin will defeat Gold. It was the price that Bitcoin makes its name but seeing Gold, it is called wealthy.
But since Bitcoin has a great market value today, we should also have to take this opportunity.
Crypto investment is not really a safe haven, unlike Gold. Pertaining to such difference when we come into assurance, I don't think that Bitcoin will defeat Gold. It was the price that Bitcoin makes its name but seeing Gold, it is called wealthy.
But since Bitcoin has a great market value today, we should also have to take this opportunity.
May 12, 2020, 11:37:32 AM
Today, gold is in great demand because another global economic crisis is looming, reinforced by the coronavirus pandemic. all valuable assets fall in price, including oil, and in order to minimize their losses, many investors invest their money in gold. this can explain the stable and increased demand for gold. And if we talk about what will be more expensive than Bitcoin or gold, then you first need to look at the amount of gold and bitcoin that has been mined today. according to existing data, gold is mined all over the world Until today, about 195,000 tons, and Bitcoin mined to this day 18, 37 million. so you can compare the ratio of gold and bitcoin, namely how much bitcoin is have to per 1 kilogram of gold: 1 kilogram of gold - 95,20 Bitcoin. 1kg Gold = 54.500$, and 1 BTC = 8680 $ (54.500$/1kg gold - 826.336$/95,20BTC). Based on this, it can be said with accuracy that gold metal is more scarce than bitcoin, and also 1 kg of gold is more expensive than one bitcoin.
I do not agree with such arguments. It is unlikely that gold and bitcoin can be compared with each other in price. We have completely incompatible objects. At first, as they say in mathematics, they need to be reduced to a common denominator, and I don’t see those yet. Rather, these objects have the exact opposite and have little in common. What will we compare with: bitcoin with a kilogram, a ton or an ounce of gold? The rarity of these compared objects also cannot serve as a common denominator. In our world there are many small groups or even single objects that have little or no value.I did not vote here, since any of the proposed answer options will be incorrect.
May 11, 2020, 05:03:06 PM
Hello everybody. I have been thinking about this issue for a long time. On the one hand, they are absolutely diverse assets, but at the same time desired in accumulation. For me, this is a very difficult question, but still I think that bitcoin will cost more. My opinion is based on the fact that the amount of gold is limited to the bowels of the earth, that is, no one knows for sure the final amount of gold. Bitcoin knows the final amount. You can talk as much as you like about the old, accepted throughout the world valuable metal, and not so widespread crypto asset, but the world is entering the digital economy, in which Bitcoin will command, with all the ensuing consequences.
May 11, 2020, 05:39:05 AM
Today, gold is in great demand because another global economic crisis is looming, reinforced by the coronavirus pandemic. all valuable assets fall in price, including oil, and in order to minimize their losses, many investors invest their money in gold. this can explain the stable and increased demand for gold. And if we talk about what will be more expensive than Bitcoin or gold, then you first need to look at the amount of gold and bitcoin that has been mined today. according to existing data, gold is mined all over the world Until today, about 195,000 tons, and Bitcoin mined to this day 18, 37 million. so you can compare the ratio of gold and bitcoin, namely how much bitcoin is have to per 1 kilogram of gold: 1 kilogram of gold - 95,20 Bitcoin. 1kg Gold = 54.500$, and 1 BTC = 8680 $ (54.500$/1kg gold - 826.336$/95,20BTC). Based on this, it can be said with accuracy that gold metal is more scarce than bitcoin, and also 1 kg of gold is more expensive than one bitcoin.
May 10, 2020, 02:41:55 PM
Gold and Bitcoin have equal standing when it comes to scarce supply and the value could not be manipulated by banks.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
WRONG, WRONG, WRONG...
You can not buy Gold right now, everyone wants it and no one is selling. What do you think that will do to the price
( Grade school level question here ).You can buy BitCoin all day long at about 1/2 price since the economic crisis started. No matter how much you may wish it was not true, more people are happily parting with their BitCoin than their gold
WISE UP...
Hard Facts
Of course they’re happily parting with it and buying more. How do terrorists buy weapons and such without spending their bitcoin? You know, once you’ve shot a bullet and blown up a bomb you have to buy more. Also, drug addicts and junkies need a constant flow of illegal drugs. That dope don’t last forever. LOL
April 04, 2020, 06:06:32 PM
I am surprised to see 8 people vote for Gold here, it shows there are more intelligent people here than one would think from the posts. Given that there are virtually zero posts supporting gold tells me people are COWARDS, and afraid to post something they think will not be popular. Very disappointing...
Hard Facts
Hard Facts
April 02, 2020, 02:17:42 PM
so you think Bitcoin might drop regardless of the halving or do you mean which might have the better ROI in the next twelve months?
Clearly Bitcoin will even if it drops to sub $5,000 it will still come back stronger than ever due to its unique (and yes uncorrelated) value among retail investors, professional traders, and savy institutions who are interested in emerging assets that have no direct relation to traditional markets which trades around the world twenty four seven... its a different ball game altogether
Clearly Bitcoin will even if it drops to sub $5,000 it will still come back stronger than ever due to its unique (and yes uncorrelated) value among retail investors, professional traders, and savy institutions who are interested in emerging assets that have no direct relation to traditional markets which trades around the world twenty four seven... its a different ball game altogether
Everyone already knows about it the BitCoin HALVING it is already priced into the market... BitCoin price likely to go DOWN when the Halving occurs.
Major Institutional investors are NOT, NOT, NOT investing in BitCoin. Neither are central banks and countries investing in BitCion, but they are ALL investing in Gold. BitCion price is much to volatile for real money to invest in it. Are you living in a cave to not be aware this well known fact, or are you just living in a fantasy world ??
Hard Facts
Jump to: