it is possible Bitcoin = gold ? - page 2.

HasHe

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Quote from: pawanjain on May 20, 2017, 01:16:39 AM

As we know that the gold in this world from the long time so about every people in the world are using the gold but If I will take Bitcoin in the consideration that what will happen after hundred years with bitcoin if everyone will use it
will it will be possible that the condition of the Bitcoin will become like the gold which is stable and not much profitable .

People have saved gold for centuries.It has become a tradition among people.Gold has not given huge losses to its investors by price fall.It has gained huge trust among people.Even though bitcoin has given huge returns to its investors when compared to gold,still people would stay comfortable with investing in gold and they may invest a small amount in bitcoin.

skorupi17

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Quote from: pawanjain on May 20, 2017, 01:16:39 AM

As we know that the gold in this world from the long time so about every people in the world are using the gold but If I will take Bitcoin in the consideration that what will happen after hundred years with bitcoin if everyone will use it
will it will be possible that the condition of the Bitcoin will become like the gold which is stable and not much profitable .

It will not be like a gold that is stable. Imagine Billions of people are using Bitcoin which is less than 21 Million only. Greedy people will always be there and they will strive to get as much Bitcoin as they want. The supply is fixed or may reduce over time but the demand is very high. Even though all are using Bitcoin, the demand will continue to go high so the volatility will always be there.

nethan1btc

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Quote from: Diced90 on July 11, 2017, 03:43:04 PM

Equal... nah, Better! Bitcoin and gold are quite similar to each other as others have gone on to call it digital gold but what makes bitcoin stand out is the number of people that have shown interest to invest in it and fun fact we have no counterfeit bitcoins unlike gold

Certainly sometimes In agree with that conditions regarding bitcoin and gold, but in reality it's not. Although gold has beeen remarkably popular for a ling period of time I guess it's not like bitcoin's price right now, their different investments as what I have observed. In fact right now more people wanted to invest in bitcoin comparing with gold's popularity, and they only think gold was just a material used only for fashion wears.

Diced90

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Get'em boys

Equal... nah, Better! Bitcoin and gold are quite similar to each other as others have gone on to call it digital gold but what makes bitcoin stand out is the number of people that have shown interest to invest in it and fun fact we have no counterfeit bitcoins unlike gold

JakaE

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If you judge their value purely by scarcity, then it's way better.
It has a known maximum supply that's finite and, if anything, exaggerated due to lost coins and a stable and diminishing rate of supply increase.

But they both get their value from and have uses outside of just storing value.

Asrael999

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Gold is an inert, reasonably malleable, metal, made special by its shininess and humanity's magpie tendency. A bitcoin is 100,000,000 satoshi and each satoshi represents one entry on the worlds first trustless decentralised ledger, we value the ownership of those entries in USD terms. Bitcoin is very different to gold and in the long run may turn out to have vastly more use cases and therefore be highly superior - right now you are buying the discounted value of those future use cases - decide for yourself whether that value is to high or to low and invest accordingly , but don't confuse Bitcoin with gold or even link them , you are comparing apples and moon dust.

reflector

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Quote from: Noctis Connor on May 21, 2017, 07:58:06 AM

Noppppe Bitcoin is different with gold as people see bitcoin is physical where they can invest it through person 2 person to be honest it much easier to earn bitcoin than gold nowadays compare it.

Bitcoin helping as passive income for everyone as like that gold will help us when the need of money. Bitcoin value turns to one ounce of gold rate and now it might become a more value than that.
If you wish to invest on bitcoin or gold, according to me. Both will be same because of its potential.

Netnox

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Gold is currently having a market cap of close to $6 trillion, and is regulated in almost all of the nations. For Bitcoin to achieve something like that, it will take ages. I just hope that by then it will not be replaced by some other alternative.

Meuh6879

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Quote from: Ibian on May 20, 2017, 03:09:51 AM

No, bitcoin is better.

and that's why i don't have choose GOLD over Bitcoin in 2014.

Wintorez

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Quote from: Noctis Connor on May 21, 2017, 07:58:06 AM

Noppppe Bitcoin is different with gold as people see bitcoin is physical where they can invest it through person 2 person to be honest it much easier to earn bitcoin than gold nowadays compare it.

One unique good feature of gold is that with the slightest problem, gold will remain material

Noctis Connor

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Noppppe Bitcoin is different with gold as people see bitcoin is physical where they can invest it through person 2 person to be honest it much easier to earn bitcoin than gold nowadays compare it.

VanDeinsberg12

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Bitcoin is not gold and gold is not bitcoin, If you know about the volatility and you must understand the differences between gold and bitcoin. Gold offer stable way to keep your money on the safe investment with low risk level and other wise bitcoin.

icecube45

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I've also been thinking like you. In terms of bitcoin prices have indeed exceeded gold but whether it can last up to hundreds of years like gold, it is impossible to find out now. Because to know we have to get through it. Moreover, a very volatile price has a high risk the price will fall at any time or may die. But I am sure in 20 years from now bitcoin will continue to grow and fluctuations will continue to increase. And I'm sure that bitcoin conditions will be different from gold, bitcoin prices will be more volatile than gold. It will continue until whenever because of it's special characteristic of bitcoin.

panju1

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Quote from: pawanjain on May 20, 2017, 01:16:39 AM

As we know that the gold in this world from the long time so about every people in the world are using the gold but If I will take Bitcoin in the consideration that what will happen after hundred years with bitcoin if everyone will use it
will it will be possible that the condition of the Bitcoin will become like the gold which is stable and not much profitable .

Looking at the way Bitcoin is going, you may not have to wait hundreds of years. In another decade or so, Bitcoin will the confidence of the masses and might rival gold as a safe haven. Among the netizens of the world, Bitcoin already has its place.

mrcash02

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CryptoTalk.Org - Get Paid for every Post!

After hundreds of year it's impossible to predict what will happen with Bitcoin, it's important to know Bitcoin only exists in virtual world, without technology and internet, Bitcoin would be worthless... Gold is material, it will always exist if we know how to store and keep it. I believe on long term, hundreds of years, the material item (gold) worth more than the virtual one.

marketone

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Everything possible in this economic world because government always looks for their benefits to get taxes from the people so we have to move according to the markets like bitcoin and gold. We to concentrate on both of them because we don't how gold price is going to be in futures.

criptix

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It is possible gold = bitcoin? Wink

This year might be a huge turning point for bitcoin.

AK47-

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Bitcoin and gold have different use cases except being store of value. Where bitcoin dosent offer ornamental advantage, it has its own inherent advantages. At present world is turning to bitcoin for investment at high rate. It is becoming increasingly popular among millennials. So yeah bitcoin is becoming = gold as an asset for store of value and is giving gold a tough competition.

Bodywowoya

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Quote from: Denker on May 20, 2017, 10:23:34 AM

Quote from: Sniper44 on May 20, 2017, 09:46:04 AM

gold has about a couple of thousands of different usages! from investment and jewellery to high tech stuff such as electronics and nano technology.

bitcoin is a currency!

so you can't really compare two things that are completely different from each other.

if you are just considering gold to be an investment and nothing else, then bitcoin is much better. because it is a currency and people can use it anyway they like since it is decentralized too.

Have to add a few things here!
Bitcoin is way more than just a currency! It's a technological platform you can build your business on. It's a dencentralized network for global monetary transactions of any size without restrictions! It's a store of value and safe haven asset!
So please just do not make the mistake and reduce Bitcoin on one use case. This is bad.

To give Bitkoyn even now would be a very serious mistake. And I think that users will not go for it. Of course, you can take something that Bitcoin has so many advantages and if you use it to the fullest extent Bitcoin is an excellent currency

Denker

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Quote from: Sniper44 on May 20, 2017, 09:46:04 AM

gold has about a couple of thousands of different usages! from investment and jewellery to high tech stuff such as electronics and nano technology.

bitcoin is a currency!

so you can't really compare two things that are completely different from each other.

if you are just considering gold to be an investment and nothing else, then bitcoin is much better. because it is a currency and people can use it anyway they like since it is decentralized too.

Have to add a few things here!
Bitcoin is way more than just a currency! It's a technological platform you can build your business on. It's a dencentralized network for global monetary transactions of any size without restrictions! It's a store of value and safe haven asset!
So please just do not make the mistake and reduce Bitcoin on one use case. This is bad.

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