their value is just based on demand because something presepction about valuety and precious thing so people want to buy
but i think gold can bigger than bitcoin if many altcoin backed by gold
Topic: I don't think the gold value bigger than bitcoin - page 2. (Read 265 times)
Gold's scarcity is why it is valuable. Otherwise it is just a shinny rock. Don't over think it, the value of gold is based on nothing but perception.
If this is the case then why is it chosen to be used in industry (429 tonnes annually) ?
The answer - it has unique properties that other metal do not have.
Bitcoin is just code that can be copied and even improved. Gold is an element and will always remain the same.
I have approx £450k in precious metals and sleep well at night. If I had that amount of money in crypto I would crapping myself encase I get hacked, a wallet service got hacked, a weakness in the code is discovered, an exchange gets hacked at the time of cash out, the price drops 90% overnight, new regulation is introduced crippling cryptos.
The only reason bitcoin is valuable is the perception by probably 95% of people that it will moon and make them rich. They dont give a shit about the tech and only view it in dollar equivalents. When bitcoin price eventually stabilizes most people will lose interest in it when the realization hits that they are not going to become overnight millionaires.
Gold's scarcity is why it is valuable. Otherwise it is just a shinny rock. Don't over think it, the value of gold is based on nothing but perception.
Bitcoin is the world's most expensive currency. It's position is on top of all currencies. It does not compare to any currency. It's speed is more than the other coins. I think ,it will not wait for more days, after which all the transactions will be completed by bitcoin.People are now paying a lot of importance to bitcoin. It's popularity is increasing day by day. It does not have the capability to sell the coins. There is no other currency in front of it. So, it is still the king of all the coins and in future also.
Since the weight of gold cannot be compared to the weight of bitcoin i don't think we can be able to establish this argument in the right perspective because we can't be able to determine which amount of gold is better than which amount of bitcoin and vice versa. This renders the comparisons useless.
Everyone will say scarcity is expensive, the gold is scarcity the same as the bitcoin.
I can't find the reason from the gold valuable.
It can't do anything worth thing...
Gold is internationally recognized as a measure of national value. Gold also has the use of jewelry. Gold is a metal that we can handle, touching them. Nowadays bitcoin is not common, some countries do not know bitcoin, some do not accept bitcoin. Although bitcoin prices are high, bitcoin has not served the needs of human life. So I think the value of bitcoin is not equal to the value of gold. I can't find the reason from the gold valuable.
It can't do anything worth thing...
Everyone will say scarcity is expensive, the gold is scarcity the same as the bitcoin.
I can't find the reason from the gold valuable.
It can't do anything worth thing...
Not everyone recognizes the value of bitcoin, and the value of gold is recognized by most people around the world, and you can exchange gold for legal tender in much of the world. But only a small number of people recognize the value of bitcoin. I can't find the reason from the gold valuable.
It can't do anything worth thing...
Mostly varous funds are stored in gold, which people don't want to lose. Gold is more stable and is regarded highly. Bitcoin in relation to gold is an unstable asset of course.
Yup!!! I also don't like think that the gold value bigger than Btc.Although there isn't much difference between Btc and gold.Gold prices remain steady for a long time in price but Btc prices aren't stable for a long time.Everyone wants to be profited,and profit is more in Btc.But there is such a match between gold and Btc that both are considered to be the property fo the future.
Same with my mind. If me, bitcoin price is more higher than gold, when we sell gold, price of gold always more cheaper than we buy. So better we invest btc
Everyone will say scarcity is expensive, the gold is scarcity the same as the bitcoin.
I can't find the reason from the gold valuable.
It can't do anything worth thing...
I can't find the reason from the gold valuable.
It can't do anything worth thing...
It is precisely in the year that bitcoin will be rampant, for economic problems, that we know by the end of last year bitcoin has shown its fangs to ruin the financial system of the world's eyes ...
You can't find the reason why gold is expensive? I thought this was taught at school. Gold is a valuable resource because there isn't much of it on our planet. Gold is widely used in jewellery and electronics thanks to its appearance and properties. That is why some people might prefer to "invest" in gold, we will always need it. However, we are not able to tell how much gold is available unlike Bitcoin which has limited supply of around 21 million coins that can be mined.
Gold is the only value in the world that doesn't lend itself to emissions, inflation or fashion))
Everyone will say scarcity is expensive, the gold is scarcity the same as the bitcoin.
I can't find the reason from the gold valuable.
It can't do anything worth thing...
If you reffering to long term investment i will go for gold and if i go for short term investment then i will go to bitcoin why? Because gold have a longer life than bitcoin because bitcoin has maximum value and maximum count unlike gold if you storing it a long long time it will be more valuable.I can't find the reason from the gold valuable.
It can't do anything worth thing...
gold is not such a volatile financial instrument as bitcoin. gold is more stable, but we do not know what will happen next. bitcoin can be actively used, and gold is a relic of the past. bitcoin is the future, and I have no doubt about it
But we all prefer to invest in BTC
gold is not such a volatile financial instrument as bitcoin. gold is more stable, but we do not know what will happen next. bitcoin can be actively used, and gold is a relic of the past. bitcoin is the future, and I have no doubt about it
Everyone will say scarcity is expensive, the gold is scarcity the same as the bitcoin.
I can't find the reason from the gold valuable.
It can't do anything worth thing...
I can't find the reason from the gold valuable.
It can't do anything worth thing...
When it comes to usability, I would say that bitcoin has far more potencial than gold. Since it's digital, it can be easily used for payments because you can sell fractions of it in a simple manner. It's even more secure than gold, because unlike gold, it can't be faked. Not everyone can easily detect if the gold they are getting is not fake, and you can't say that about a bitcoin. If it's verified by the network, then it's a real bitcoin. Bitcoin is easily stored as well. So yes, when it comes to payments, and since you can't walk around with a gold bar, and break it in pieces to buy things that cost only a fraction of your gold bar cost, then BTC is better than gold.
Don't forget though that gold has other use cases, and that is what gives it value. Gold is used in industry, and bitcoin can only be used for payments. It only has one function but has the potencial to be really good at the single function. Gold on the other had has multiple functions and that's why it continues to be valued during all these years.
I don't think that one has to compete with the other, and both are valuable.
I also think that, but for different countries, the symbolism of gold is different. The value of gold as a spot in reality is much higher than bitcoin, at least for now.
Oh, really? Which one Country?
both bitcoin and gold have value because people give value to it. in your opinion bitcoin have more value compared to gold but to others gold is more valuable. they are not the same but they have similarity especially that they can be used as currency.
Everyone will say scarcity is expensive, the gold is scarcity the same as the bitcoin.
I can't find the reason from the gold valuable.
It can't do anything worth thing...
I can't find the reason from the gold valuable.
It can't do anything worth thing...
When it comes to usability, I would say that bitcoin has far more potencial than gold. Since it's digital, it can be easily used for payments because you can sell fractions of it in a simple manner. It's even more secure than gold, because unlike gold, it can't be faked. Not everyone can easily detect if the gold they are getting is not fake, and you can't say that about a bitcoin. If it's verified by the network, then it's a real bitcoin. Bitcoin is easily stored as well. So yes, when it comes to payments, and since you can't walk around with a gold bar, and break it in pieces to buy things that cost only a fraction of your gold bar cost, then BTC is better than gold.
Don't forget though that gold has other use cases, and that is what gives it value. Gold is used in industry, and bitcoin can only be used for payments. It only has one function but has the potencial to be really good at the single function. Gold on the other had has multiple functions and that's why it continues to be valued during all these years.
I don't think that one has to compete with the other, and both are valuable.
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