Topic: Why Bitcoin must surpass gold - page 3. (Read 640 times)

If you compare bitcoin with gold, in my opinion, it is not quite right. Because these two assets have very striking differences and different systems. Because bitcoin is one of the most quality and decentralized crypto digital assets and while gold is one of the precious metals that is obtained from the ground. Indeed, both can be used as investment assets, but still, when compared it would be inaccurate. Because in my opinion, if you compare it, gold should be compared to other precious metals. Likewise with bitcoin, it will be more suitable when compared to other crypto assets, so it will be more in sync.
Because in essence the origin and how to get it are also different. Bitcoin is mined by solving blocks or verifying transactions that are used using sophisticated computer devices. Meanwhile, gold is obtained by digging underground where the presence of gold has been marked. And in terms of usability too, gold has more uses than bitcoin. So, in my opinion, gold or bitcoin are indeed superior, but in their respective paths and fields.

I think something is good to do for both because they both provide benefits, even though in the end it requires a lot of funds to be able to get both.
Gold is very popular because in some developing countries it is still considered pride and accessories to equip themselves apart from investment, but since crypto has begun to move they also want to invest in crypto. is a choice and that's fine.

The idea that Bitcoin must surpass gold is subjective and depends on individual perspectives and beliefs. The comparison between Bitcoin and gold is often a topic of debate, and opinions on their respective merits may vary among individuals. It's important to note that gold has been regarded as a store of value for centuries and has established trust and recognition throughout history. Bitcoin, on the other hand, is a relatively new asset. In my belief,  Bitcoin has the potential to surpass gold as a store of value because :

1. Limited supply: Bitcoin has a finite supply, with a maximum cap of 21 million coins. This scarcity is built into the protocol and provides a potential advantage over gold, which can be mined indefinitely. The limited supply of Bitcoin may make it more resistant to inflationary pressures over time.

2. Divisibility and portability: Bitcoin is highly divisible, with each Bitcoin being divisible into 100 million units called satoshis. This divisibility allows for more efficient and precise transactions, especially in the digital realm. Bitcoin is also highly portable, as it can be transferred instantly across the internet without the need for physical transport, unlike gold.

3. Accessibility and inclusivity: Bitcoin operates on a decentralized network, allowing anyone with an internet connection to participate in the network and transact with Bitcoin. This accessibility potentially opens up financial opportunities for individuals who may not have had access to traditional financial systems or investment assets like gold.

4. Transparency and security: Bitcoin transactions are recorded on a public ledger called the blockchain, which provides transparency and immutability. While gold transactions can be tracked to some extent, the transparency and security features of Bitcoin's blockchain are often seen as superior, making it more resistant to fraud and manipulation.

5. Technological innovation: Bitcoin is built on blockchain technology, which has the potential to revolutionize various industries beyond finance. The underlying technology allows for programmable money, smart contracts, and decentralized applications (DApps). This innovation potential gives Bitcoin an edge over gold, which lacks similar technological capabilities.

Thanks !!

Each of them has their strongness in their domain. Gold is strong in the physical dealing while bitcoin is strong in the digital dealing. Remember that you can use gold to buy bitcoin but you can use bitcoin to buy gold. Now the question is, how many bitcoins will you use to buy one gold? Gold is not a currency but bitcoin is currency. Gold is asset and bitcoin is also an asset. And when we come to the value of the two. Gold has value in is area and bitcoin as well. I think the color of bitcoin is gold.

Both are good and both are having different usage and compare that you have any reason is there and compare both there is an any usage given and compare both i will use both and i invest in both ,gold not having profit and also they gave a security at the same time the bitcoin given lot of income and also lot of danger given anyway secure my property and  for more profit  i will use both.

That's right, In terms of a Store of Value, BTC serves as a more reliable long term store of value and judging by Bitcoin's underlying technology, the blockchain, has the potential to revolutionize various industries and reshape the financial system. This means that there is a transformative power of this blockchain technology that triggers the value of Bitcoin to exceed the value of gold.

No need to be bias when it comes to these two. It already shown their potential by just reaching it's current value now. Of course the Bitcoin which is a digital currency also have pros and cons, as you stated in your post which is sided in Bitcoin and only mentioned about the pros of it. Bitcoin's volatility also can be considered as cons to some people and you can only use it via software. While for the gold, it could take decades for it to survive and have a low supply that's why it worth a lot.

Between bitcoin and gold both have a very big difference, and now we can see that bitcoin must use the network to be able to access while gold does not require any devices related to the network, so the difference between the two is certainly very far and has different risks, although currently bitcoin cannot surpass gold but I believe for the future bitcoin will be more valuable than gold, Because we live in the age of technology, there will continue to be developments, especially Bitcoin whose popularity is increasingly global.

Well, yeah gold has been historically used as a kind of money. But what I mean is a currency in a sense it is efficiently used as a payment form. There was indeed a coin based on gold, a paper noted that is backed by gold. But as of now, it is hardly used as a currency. Compared to Bitcoin, that makes Bitcoin extremely conveniences. You did not have to weigh the gold or use it in a coin form, and the transaction is also divisible.


No, if you mean the value in terms of prices, it does not mean anything. Gold is way superior in terms of market capitalization compared to Bitcoin.

Both are good and have different use cases. Does comparing them make any sense? Does it give you any benefit comparing them? Instead of comparing them, I'm still using both and am investing in both. Although gold is not very profitable, it gives me security, while bitcoin offers high returns but also high risk. So I use both to diversify my assets, both for safety and for good returns.

I don't get the non-credit currency you're talking about but if you're going to say that Bitcoin is ten times better than gold, why not list at least ten reasons why it is better, just to support your claim. Both Bitcoin and gold are very useful on their own and have their advantages that make them great. Although there's no need to compare the two, I think I'll disagree with op. Gold is a limited natural resource that makes it highly valuable. Even if Bitcoin has a limited supply, the fact that gold is a natural resource that isn't made by a man, it will always have a value that can be maintained for a long time.

But in the end, it will still depend on how you are going to use them. Bitcoin may be better for certain use cases while the other may be better for other use cases.

Gold has become an eternal value due to its high corrosion resistance, which makes gold 1)never disappearing metal 2)metal, which doesn't need specific storage conditions (the only problem of gold storage is to prevent it from being stolen by the others). For BTC and cryptocurrencies, the opposite is true: 1)BTC depends on mining facilities, which require energy for data processing, without energy supply even decentralised system is vulnerable to total destruction 2)the same for storage: it requires energy just to store data, just not to let data disappear, while the risks of cryptocurrencies to be stolen remains as high, as they are for gold. So, neither BTC nor any other digital currency has the potential to become the new gold. It doesn't mean that they are not valuable, though. Gold and digital assets are just totally different things, adopted by people for totally different tasks.

I hope you did not forget that Bitcoin has a limited supply and cannot be increased. Bitcoin price will increase with scarcity. While Gold has unlimited supplies, and we don't know how much gold can be mined from the earth. Also, I have heard that some planet is fully gold. If humans can manage to go there and mine Gold (not impossible these days), you never know how much gold will be there. This is not even a debate. Whoever trusts and understands Bitcoin won't compare it with Gold. Whoever doesn't trust Bitcoin, you won't be able to make them understand what you are talking about. They will say it's a scam and gambling.

However, The primary purpose of Bitcoin is not to increase or decrease in price only. Bitcoin is for enhanced privacy and security and gives you to power to control your money. It's your own bank which cannot be stolen, and you can access it anywhere if you have internet. At the same time, Physical gold is just pieces of jewelry and can be stolen in various ways.

The only side where Bitcoin can lead Gold is value, other sides Gold is the winner because Gold needs no regulation, no one is using power on Gold, no government want to take over Gold, it's something you can have with no one knowing you have some Gold.

Bitcoin works with the Internet and it is traceable through the Blockchain scan, brother, Bitcoin has more problem than Gold, volatility is huge problem and Gold is more stable than Bitcoin.

Still, I believe Bitcoin is perfect the way it is, because this is how it was built, let's not forget that the volatility performance of Bitcoin is also a big opportunity too.

The higher the risk, the higher the return, if you want to succeed, you must make a trade-off. If you choose and invest in gold, your assets will be safe because gold is a really safe investment, but the returns are very low and insignificant. Meanwhile, bitcoin is riskier as it is highly volatile, and its future remains a question mark. But if you can take the risk and put your faith in bitcoin, and if one day bitcoin succeeds, everyone in the world will accept it. Then the profit you get from it will be 10 times, 100 times, sometimes 1000 times more than what gold gives you. Everything is very fair, high risk, high return, low risk, and low return, and it will depend on each person's choice.

Currently gold price has increased a lot in a span of few days but if we compare the increase in price of gold with the increase in price of bitcoin then bitcoin will lag far behind. Because instead of rising in value like gold, the value of Bitcoin is going down. Bitcoin is unable to break out of the conditions it is currently fluctuating in. Bitcoin core is fluctuating within certain levels. These specific levels do not indicate when the price of Bitcoin will rise above these levels. Some online articles are revealing that the price of Bitcoin may approach twenty thousand dollars. But I don't understand from this situation whether the value of Bitcoin will increase or decrease.

I think people who want to invest usually invest for high profit. Investing in gold will give you returns but you will not be able to get according to your expectation. By investing in gold, it is not possible to transfer or withdraw that investment in a short period of time if he wants profit. On the other hand, investing in Bitcoin is risky but there will have opportunity to earn big money. Those who invest in Bitcoin with risk they can dream of getting 100 times more than gold. Though many have doubt about this but it is not difficult to believe who know about the history of Bitcoin.

Imagine someone who wants to invest with a small amount of their own money. They start searching for the right investment options for them. Bitcoin, gold, stocks, the money market, and so on become complicated choices for them. However, believe it or not, Bitcoin and gold have something in common when it comes to investing. You can buy Bitcoin and gold to protect yourself from inflation in traditional currencies and hope to make profits by holding onto them for several years.

Just a friendly reminder of what happened in 1980, which we can interpret as no one accurately predicts the future unless it's a fortunate coincidence. Even though it happened with gold.

https://seekingalpha.com/article/194587-golds-dramatic-rise-and-fall-in-1980s-why-its-important

Here's an analogy: gold and gemstones are actually different, but they share similarities as precious jewelry. Hopefully, this context helps us better understand each asset.

I’d always choose Gold over Bitcoin simply because it’s physical and also it has been around of centuries. I am sure no matter what happens in future there’s always gonna be a good value for my gold. Now speaking of Bitcoin no can be sure if it will even exist in next 10years or even if it does exist will it still be holding the same demand or value? For Bitcoin to really surpass gold first it should atleast be accepted by all the countries without having it banned or whatever.

Bro. Bitcoin is different from gold. Bitcoin will never be the same as gold. The difference between the two is very clear that we no longer need to clarify you.
I do not hesitate you have far more knowledge that can distinguish between bitcoin and gold.
In terms of age, Bitcoin is different because gold exists before you are there and still there until you make this topic, while Bitcoin when is it?
Two different contexts make me personally do not want to equate the two.