it is possible Bitcoin = gold ? | Bitcointalksearch.org

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Quote from: albertvert on September 10, 2017, 09:43:25 PM

Quote from: Lazada on September 10, 2017, 10:59:12 AM

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 .

I think currently bitcoin is already very valuable. When compared to gold then I think bitcoin has the same level. Bitcoin has a lot of enthusiasts. So this will make the bitcoin more popular and will also be more in demand than gold. Bitcoin is much more valuable than anything else.

You have long term vision. Bitcoin is the best as compared to gold.Some will say gold is greater than bitcoin due to stability of price. But I won't accept that.Why because, the price of bitcoin will reach the peak twice in a week. If you inverse means, you will get double or triple Profit on that week.But this is not possible if you inverse in gold and all.

Yes gold will give you limited profits and for that also you have to wait for a very long time but bitcoin can give you very high profits even in a short term so a person who wants to make huge profits will always prefer to take a risk of investing in bitcoins and you never know how high price of bitcoins can go in future.

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Quote from: Lazada on September 10, 2017, 10:59:12 AM

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 .

I think currently bitcoin is already very valuable. When compared to gold then I think bitcoin has the same level. Bitcoin has a lot of enthusiasts. So this will make the bitcoin more popular and will also be more in demand than gold. Bitcoin is much more valuable than anything else.

You have long term vision. Bitcoin is the best as compared to gold.Some will say gold is greater than bitcoin due to stability of price. But I won't accept that.Why because, the price of bitcoin will reach the peak twice in a week. If you inverse means, you will get double or triple Profit on that week.But this is not possible if you inverse in gold and all.

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Gold (and especially gold coins) is a medium to exchange value, blockchain currencies are medium of exchange as well. In some cases gold is better, in some cases block chain currencies have the advantage. If you have enough assets, the sensible thing would be to own both. At the moment, bitcoin and other blockchain currencies seem to be going though much more appreciation (and volatility). In such a case your portfolio will be weighted towards blockchain currencies. My understanding is if all the gold in the world where in one place would only fill two Olympic swimming pools. The supply of blockchain currencies is for all intents and purposes unlimited. That is why so many observers fear a bubble.

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Of course I would like bitcoin to become equal to gold but it's impossible. Gold is something that is not going anywhere.And bitcoin still needs to earn trust.

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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 .

I prefer Bitcoin > Gold.

Bitcoin is on a different level compared to Gold when it comes to its price. Bitcoin is far too volatile so it can easily surpass any type of asset, like gold. If everyone will use Bitcoin then the demand will soar high and along with it is the price of Bitcoin. Stability is another story. If people will use Bitcoin for transactions and will not hold it as an asset then we can say that Bitcoin might get stable. But if it will be treated as an asset until that point, the volatility will just increase.

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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 .

I think currently bitcoin is already very valuable. When compared to gold then I think bitcoin has the same level. Bitcoin has a lot of enthusiasts. So this will make the bitcoin more popular and will also be more in demand than gold. Bitcoin is much more valuable than anything else.

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Quote from: ewonardo on September 10, 2017, 08:24:02 AM

Bitcoin has potential very expensive value in future, we all believe it. Disadvantage is, fee tx are quite large as today. Most exchangers charge fee 0.001/tx. if 1btc = $10K, then tx fee is $10. isn't it high enough.

So, i think bitcoin cann't be compared to gold. Gold is a hedge of wealth, while bitcoin is included in investment.

Ya some what right.But bitcoin value is 10 times greater than gold. Actually bitcoin is not equal to gold,bitcoin is greater than gold.For example, if you inverse in gold means,you will get one time profit, but in bitcoin .You will get weekly profit based on the amount you inverse in bitcoin.

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

No, bitcoin is better.

Many people will agree with you and this is only because of the price for bitcoin which is breaking a one relied by another. Few years ago when the price for "digital gold" was under 100$ no one would say that bitcoin is better than gold. I think gold is never going to be replaced by bitcoin, yes, they have many things alike, but they stay too different at the same time.

ewonardo

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Bitcoin has potential very expensive value in future, we all believe it. Disadvantage is, fee tx are quite large as today. Most exchangers charge fee 0.001/tx. if 1btc = $10K, then tx fee is $10. isn't it high enough.

So, i think bitcoin cann't be compared to gold. Gold is a hedge of wealth, while bitcoin is included in investment.

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It seems to me that there is absolutely no need to compete gold with Bitcoin. The fact is that these are two different currencies, or even more correct to say, 2 different goods with which you can earn real money or in which you can invest to save or increase your fortune. The great advantages of gold add to its physical value and material condition. Bitcoin still have other advantages with which many users of crypto currency are dealing today.

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Quote from: TrumpD on July 15, 2017, 05:00:37 AM

The physical nature of gold gives it an added advantage over bitcoins. Same as cash, people like what they can see, feel and hold. Gold has been hot for centuries. I don't see bitcoin as gold, they are both similar but still very different. If you ask me to pick, id say gold would outlive bitcoin.

In fact you are right and the fact is that the value of Bitcoin is in its price and in its material and physical body. Unlike gold, Bitcoin can boast of this. Thanks to high technologies Bitcoin keeps afloat, but gold will still be much higher than any currency.

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The physical nature of gold gives it an added advantage over bitcoins. Same as cash, people like what they can see, feel and hold. Gold has been hot for centuries. I don't see bitcoin as gold, they are both similar but still very different. If you ask me to pick, id say gold would outlive bitcoin.

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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 .

I am afraid that any form of the distance future predicting is nothing but guessing. We have no way to tell whether bitcoin will survive that long or what future scaling problems will be solved.
We don't even need to mention about a fragile legal status of BTC and general situation of our planet.
There are simply too many variables to predict the price of bitocin in the next week, the price might hit rock bottom or reach another ATH.

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Quote from: Nahl on July 12, 2017, 01:24:09 PM

bitcoin and gold are different although both of them are valuable but gold had physical and bitcoin not and besides investment tool people in my country use gold as the jewelry but bitcoin impossible use as the jewelry because it's digital so it's have different side and i personally do not want they're dissapear in the world even i wish in the future they will walking together as the main investment for every people

yes that is right that both have their own importance but i think we should not try to compare both bitcoin and gold because gold is an element while bitcoin is a currency. and there is no such match between the two. i think it is not good to match the two. we use bitcoin just like currency in our local market while using bitcoin mostly for saving purpose.

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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 .

In a few hundred years it may be the opposite, bitcoin will always be scarce, that is in the code, but in a few hundreds of years it is possible the humans have conquered space flight and we are able to travel to the different planets in our solar system and take advantage of the resources, if that happens the amount of gold is going to explode.

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Quote from: Nahl on July 12, 2017, 01:24:09 PM

bitcoin and gold are different although both of them are valuable but gold had physical and bitcoin not and besides investment tool people in my country use gold as the jewelry but bitcoin impossible use as the jewelry because it's digital so it's have different side and i personally do not want they're dissapear in the world even i wish in the future they will walking together as the main investment for every people

Seriously, who cares about the jewelry aspect of gold in the financial world? It makes no sense to talk about jewelry where after that you point it out as difference when it comes to Bitcoin. Bitcoin and gold share quite a lot similarities, anyone denying that is delusional. Both most importantly function as store of value, investment solution, currency, and a way to completely cut ties with banks and governments. Bitcoin offers a far better form of usability, divisibililty, and accessibility. Gold on the other hand enjoys the fact that it can serve as currency at basically any difficult situation (mainly think about having no access to the internet).

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Quote from: northstarh on July 12, 2017, 01:04:47 PM

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 .

Do not compare bitcoin and gold, look at its value, we can easily see that bitcoin carries a higher value, but vice versa, gold exists permanently, but bitcoin always faces the risk of collapse.

yes that is right bitcoin is already carrying a high value. i think in my area the price of one bitcoin is 6 time more than the price of bitcoin and still it is increasing from time to time. i think we should not even compare it because bitcoin is a currency while gold not currency and is only an element.

Nahl

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bitcoin and gold are different although both of them are valuable but gold had physical and bitcoin not and besides investment tool people in my country use gold as the jewelry but bitcoin impossible use as the jewelry because it's digital so it's have different side and i personally do not want they're dissapear in the world even i wish in the future they will walking together as the main investment for every people

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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 .

Do not compare bitcoin and gold, look at its value, we can easily see that bitcoin carries a higher value, but vice versa, gold exists permanently, but bitcoin always faces the risk of collapse.

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

Sniper44

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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.

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People never prioritize same as gold, because the trust it had generated is simply big compared to bitcoin. Also the technology backing of bitcoin will always profitable but the decentralized system cannot be relied for a long which is completely independent of world market.

Ibian

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No, bitcoin is better.

OmegaStarScream

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The more people use it (demand), the higher the price raises but yes, It would stop at some point and be stable but that could take a few years. I'm not sure about Bitcoin being like gold though, all we need to go back to use gold is a nuclear war, no fiat, no cryptocurrency, It will be all about gold.

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Nothing lasts forever

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 .

Topic: it is possible Bitcoin = gold ? (Read 2080 times)