Bitcoin Forum

Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Also the internet existed about 25+ years. Bitcoin price is higher than gold by over 200%. I think the value of Bitcoin is going to sky rocket once again. When technology gets more advance n the Bitcoin system upgrades. Just another speculation.

you can not compare value of bitcoin with value of something like gold when they don't follow the same unit of measurement. it is like saying you are taller than 1 kilogram!
when you say value of bitcoin you are talking about value of 1.00000000 BTC and when you say value of gold you are saying value of 1 OZ of gold not 1 kilogram or 1 ingot, 1 grain, 1 troy ounce,... so first clarify why you are comparing the biggest unit of bitcoin (1 whole BTC) with smallest unit of gold and why aren't you using the smallest unit of bitcoin (1 satoshi) to do the comparison.

WTF?1000 years?Hahaha...
Gold exists since the creation of Planet Earth,or maybe since the creation of the universe.
Gold is used as a store of value+currency for about 4000-5000 years.
1000 years is nothing.It's the medieval times.S'moon man,don't make me laugh,read more and don't make stupid/ignorant posts.

Just stop with the Gold comparison. Obviously, those two are different yes they are both used as store of value but bitcoin is way more different specially with the max coins we have for bitcoin which is 21 million. If bitcoin will skyrocketed, we can't really tell when or how much will its top price will be. So let the gold bugs continue buying golds as speculative asset and let crypto enthusiast do the same.

Gold is a piece of metal nothing less more. On the contrary, bitcoin is a digital assets backed up by blockchain technology. The bitcoin blockchain is a technology that can be used in financial transactions and in other fields. Thus, the existence of bitcoin is just starting. Once the blockchain technology has been maximized, there is no doubt bitcoin price will rise.

Gold is old as the earth, you're probably confused with the anime cartoons you watch? Bitcoin is higher than gold? that's a stupid comparison but let me follow your logic

Audi A6 Quattro is higher than the Bitcoin price so its price will skyrocket once again. Damn! Why I didn't buy one before! Thank you for your economic advice!

Not 1000 years,it was exixsted since the solar system were created maybe lot of billion years ago,but don't know why you bring the agaes here if something meant to be very expensive it is very old?

Bitcoin price may sky rocket if only people start to accept it not just with the increase of techology.

No matter how well bitcoin does gold will always have substantial value.  Some people just prefer something physical that can't easily be lost.  Gold is also used in many products we use in our everyday lives.  Who knows how long bitcoin will last, but I know it is worth taking a shot on.  Investing in new technology is one of the best ways to become wealthy.

Gold and bitcoin are different in structure and form. The usage of both of them is different also. Bitcoin can rise in value much more quickly as compare to gold. Gold is sort of steady moving assets with no use case other than to hold it. Bitcoin, on the other hand is very much in use in a lot of places like trading, gambling and more importantly as a payment method.

soar or fall is very likely to occur, but bitcoin will last a long time, as well as other crypto, bitcoin is a currency that cannot decay, does not expire, but the price, in my opinion depends on the owners of fiat and miners, do they still want invest in BTC or switch to another coin, or maybe leave crypto.

There are clearly a lot of people who have difficulty seperating bitcoin
from Gold. Gold has been worked in Ireland for example for approximately
4000 years.

Here are some examples of finds from the early Bronze age.

Discover the earliest Irish gold objects produced between 2400 - 1800 BC, such as discs and lunulae.

https://www.museum.ie/getmedia/30e60aaf-b337-46fa-9df4-7a1f49ad0be3/NationalMuseumIreland.jpg

https://www.museum.ie/Archaeology/Exhibitions/Current-Exhibitions/Or-Ireland-s-Gold/early-bronze-age-gold

Gold is something physical, bitcoin is not.
Gold was a measure of wealth and status, bitcoin is an electronic payment system
Gold is a proven store of value, bitcoin is used by many as an unproven store of value

  Is still some reason why always comparing gold to bitcoin, there is a big difference between the two bitcoin is a digital asset it can be used as financial reserved if ever have a financial economic crisis while gold it just a piece of metal even if have a precious value but this is not a currency.

The statement of gold being fair in this world from a long period of time but why Bitcoin is compared to gold in recent times the similarities with that for the gold and Bitcoin will be the reason to accept but both had different qualities in their own field.

What's the point of making fun of OP? He's obviously referring to its use as a form of money and value storage in the more 'recent' times. I think your comment is more indicative of ignorance than OPs post.

Gold doesn't move as much as Bitcoin does because it's in a league of its own as developed and super liquid asset. Bitcoin isn't a developed asset, nor does it provide the liquidity needed to satisfy large movers.

Bitcoin has a long way to go to be on the same level as gold, but the possibility is definitely there. Just keep in mind that it won't be easy to shift from +90% speculation to something that's more focused on use and utility.

Gold is present before humans exist so its incomparable to a 10 year old Bitcoin. But in terms of value the law of demand and supply will determine that, Gold has been used by different industries long time ago which has higher demand that makes it valuable on the other hand Bitcoin may have not yet touched its real value due to people's uncertainty about this kind of technology but once majority of the masses will slowly adopt it no doubt it will break a 20k mark. 

Is all that technology a strength or point of weakness though?


"a piece of metal nothing less more" = no 3rd party risk or dependance on anyone or any support system such as power, internet, blockchain protocol, electronic devices.  I could bury a gold bar, mark it on a treasure map and in 300 years the great, great, great grand kids could dig it up it is still valuable and hasnt changed since the day it was buried.

I think it's the physical stuff that can easily be lost. Losing bitcoins in an online wallet is not likely. If you have adequate protection, your wallet also probably won't be hacked. Gold jewelry can be lost, gold bars can be stolen from a flat as well as from the bank. Gold can also be faked more or less, which is another issue. It's been around for a long time, but it wasn't used as money for almost all of it as well. And it's not used as money anymore. I believe there can come time when people will not care about some yellow metal, its value is also based on cultural significance and social recognition, rather than physical properties.

Just to set the record straight, according to established science of the timeline for the universe, heavier elements, gold for example formed about 10 million years after the big bang, during matter era, in a period called Cosmic Dark Age (https://en.wikipedia.org/wiki/Timeline_of_the_formation_of_the_Universe#Cosmic_Dark_Age)

Not sure what do you perceive as speculation, even the price of gold itself is being fixed (https://en.wikipedia.org/wiki/Gold_fixing) by various banks united under ICE Benchmark Administration (IBA) afaik no organisation is fixing BTC price though...

Value of bitcoin is not double of value of gold. Bitcoin marketcap is $69B Gold marketcap is $8T. That makes Gold 120 times more expensive then Bitcoin.

in my opinion, only with development is not enough, in blockchain and crypto there must be something new because every time, like it or not, technology will continue to grow, later if crypto cannot develop, of course this will be something bad

AFAIK gold has been there since the ealiest days before ancient times.

I see that you are speculating but you just can't compare bitcoin to gold, they are two different things and investments. Although many claims that says bitcoin's better than gold but these two have their different purpose and use.

One of the favorite pieces in collection, a gold double douboon of pirate fame.

From King Phillip II of Spain's reign, dating between 1556 to 1598 and minted in Sevilla.

Still worth a chunk of cash coming up to nearly 500 years later, with the speed technology advances I cant see any crypto currently in existence lasting a significant period of time.

https://i.imgur.com/zLKsr70.jpg

In most cases, when something has proven to grow and attract adoption in the first decade of its existence, it's very likely going to do well in the next decade.

Bitcoin has the advantage that it's perfectly fine being digital Gold. I do believe that eventually stablecoins will take over the payment side of the market, but there is always a need for a decentralized way of storing value, and that's what Bitcoin does. I am more inclined to say that Bitcoin will take a large chunk of Gold's market share than that Bitcoin will end up being worthless at some later point.

If I had the option to choose $100,000 worth of Bitcoin that I had to lock up for 10 years, or $200,000 worth of Gold that I had to lock up for 10 years, I'll instantly pick Bitcoin.

They really are very different things.   Bitcoin cannot stay static like that and hope to succeed where as golds worth really comes from its ability to be inert to almost every factor over thousands of years.    Its value never changes since the market has moved in parallel to population growth, even the ability for industry to mine gold far more efficiently has not been a problem to its long term price

Bitcoin on the other hand must change as a product and develop to keep its advantage or it will be replaced.  Thats the nature of technology, its a great efficiency race to do the job best.  

The reason for comparing both is they are inverse to dollar value I think.   I see dollars likely to continue a decline from excessive production relative to demand, Gold has a stable base and Bitcoin is known in its overall availability also.    Besides that I do not think of gold and BTC as duplicate, I move crypto worth over to gold because it occupies a different kind of value so its a good hedge.    An EMP would effect BTC but not gold for example :p

Gold, bitcoin and silver. Not one, but all.

yes, it is true that bitcoin may only be people who want to make profits quickly and quickly, but if gold might be their goal from the beginning, the purpose is investment because gold is used where jewelry is good than bitcoin does not look like in the future

I have a difference of opinion here, blockchain is an open source project and anyone can build something with it, if you want to see some advantage in bitcoin is that if something is build upon the current existent system which can be used to maximize its use, other than that you wont see any substantial change in the price if the blockchain is being explored.
Gold existed more than thousand years and bitcoin is a new technology and a new financial system, it will take some time to have a proper system in place and to have wider adaptation.

Gold is barbaric relief of the past
Gold is now used like a hedge for us dollars
I prefer bitcoin gold is bloody gold is full of blood and suffering
Look all that African countries with big gold resources
There is war poverty regime there and that is because of greed of gold
So i much prefer bitcoin

I think gold did not exist from 1000 years ago, but gold has been around since this earth has ,the point that nobody knows when gold is

and yes I agree that the price of Bitcoin will rise again as last year can even exceed that price.I hope that happens, because I know everyone here expects Bitcoin prices to rise.

That's a beautiful piece with a lot of history behind it (though I'm not really familiar with it personally).  The fact that it's gold is kind of secondary to the history IMO.  It could have been made out of copper and still be worth quite a bit in 2019.

This thread is turning into just another bitcoin vs. gold thread, of which there are many--and that comparison is one that shitposters have ready-made answers for.  I suggest locking it, but that's on OP.

In 1000 years?  Who knows what technology is going to be like, or if mankind is even going to exist.  I tend to agree with those who think bitcoin is going to be replaced by something better or will somehow end up extinct, just a part of tech history.  But unless we start finding gold on asteroids or other planets and it becomes far less rare, it'll still have a high value attached to it for many years to come.  There will also be numismatic value on top of the melt value as long as numismatists still exist in 1000 years.  Humanity likes rare things and probably always will--I'm pretty sure it's encoded into our DNA at this point. 

Live for today, that's my suggestion.  I'm not too concerned about the fate of either bitcoin or gold in the next millenium, honestly.

Comparing bitcoin and gold is not a right thing. Bitcoin is the new on the market and its ten years performance is really good. Gold is not main competitor to bitcoin and bitcoin must be compared with fiat currencies like USD.

I do not think the OP is actually comparing the two of them,but just citing an example using the bitcoin,on how many years hold has lasted compared to the bitcoin with how far the bitcoin has come in this years,and I think the OP has a point or two,thats not to say that bitcoin will be as valuable as gold,but the bitcoin still has a worthy future ahead with mass adoptions across the globe

we can say that gold is a reserve of digital value, or the pure digital gold, due to the growth of the internet and increased technology

You cant compare a precious metal that do exist on earth since the beginning and a technology (bitcoin). It might rose above higher than gold value
but we know that it can crash it price more unlike gold which established its price for centuries.

bitcoin will exist longer than gold i think.although its already more than 1000+ years for gold someday its metal will have no value anymore if appear new metals or other commodity that could replace gold.gold has no value besides it supply, meanwhile bitcoin has additional value on this technology that will always developted.

but gold is attached to everyone's heart, and has a form. I think gold will still exist and bitcoin will catch up. although the gold stock is infinite, but until now prices tend to rise, due to the increasing demand factor

Well bitcoin only exist in a short time but the price able to multiply, most of the investors now only invest in crypto because of the profit when they can appreciate the technology then we will see a huge rising, and we can't compare gold and bitcoin, both of them are different things to compare

bitcoin cannot be compared to gold, because gold has a stable value and even tends to increase.
maybe the price of bitcoin is much more expensive than gold, but at one time the price of bitcoin could decline suddenly.

Your speculation is based on no logic or facts? I don't understand how you are trying to compare the age of internet with gold and bitcoin.
Why do you think the price of bitcoin is going to skyrocket? Just some random guess/blind faith?
Gold existed for 1000+ years and will still exists for more futures to come. But the existence of bitcoin can not be guaranteed. We might see the price of the coin collapse to nothing by tomorrow.

I don't know if in what perspective you are trying to compare gold and bitcoin. A digital and physical one. I think it is not wise to compare them in value but rather in stability. gold is tried and tested, proven and until now is still of good value and there are still countries in which citizens are investing in gold. I don't belittle bitcoin but I still have a strong belief in gold.

Bitcoin price can rising again when cryptocurrency adoption happen in our life. Compare with gold, bitcoin only have 21 million supply and Gold always mined. If government recognize bitcoin is an asset, i am believe bitcoin price will sky rocket again and can reach highest price again

The brightly flashed star in the sky is also quickly extinguished. Cryptocurrency and gold are not yet incomparable, they are completely opposite in nature. If a cryptocurrency will last a hundred years, then it will be possible to compare it with something. It provides us with many new opportunities, but will we be able to use them in the right direction? If the cryptocurrency will remain mainly a speculative asset, and not a means of payment, in a hundred years gold will not be compared with anything.

I do agree that they are similar things. They are both commodities however one is digital and one is physical. Gold can be purchased and its limited and you can hold it in your hands, bitcoin is not like that. Gold can get you the wealth that will never run out, you will never see a world where gold worth nothing however bitcoin is a digital product that we give importance to and in any day where something better than bitcoin comes up or maybe in 100+ years bitcoin may not worth anything.

Obviously, there is a chance in 5000+ years bitcoin still exists and important but it is also important to know that its a risk we take, gold is not like that, it existed as a means of payment 2000+ years ago and will continue to exist until humanity perishes.

Technology has advanced enough for bitcoin to succeed, it is other factors at play that are needed. The transaction speeds are too slow and expensive, when this is resolved bitcoin can go mainstream and then rocket even more so than gold

We can't compare gold for bitcoin because they are obviously different. Gold is tangible and already exist since earth was created. It is a natural resources. Bitcoin was created as a digital currency and it is intangible even though they are both valuable in terms of value they are still different.

Your guys comment makes so much sense. I think the longer Bitcoin and the internet exist bitcoin will become valuable overtime. A comment was made that gold is different in price but what I really meant was. The price in ounces is worth less than one Bitcoin.

The internet had never existed in ancient time. Now Bitcoin exist with the help of the internet. It's more like a revolution. Both the internet n Bitcoin. Gold is the Greek revolution n we have a new revolution now. Just not people investing as much. Jus living off paycheck to paycheck.

the other difference is, gold has been trusted by all humans in the world, while the bitcoin is just a development stage to gain trust from the public. but both of them I think are good investment tools

Maybe gold exist pretty much longer than bitcoin and its true but bitcoin also have some value and its good at giving people opportunities. Gold and bitcoin have different characteristics and also unique. Well a lot of people are getting interested at bitcoin than gold even if bitcoin price doesn't seems good you can still invest and earn profit. People nowadays are into "technology" and its obvious that bitcoin can be popular even if it doesn't exist before at least now its giving chance for people to invest. 

You can't compare BTC to Gold, there are many differences between both assets. BTC is a digital asset and a currency, while Gold is basically a physical asset and indeed much older than Bitcoin. But you can't use gold online, and it is a centralized asset too, while BTC is decentralized, easy to use either online or offline.

Maybe gold is more than 100 years old, but maybe in the first 10 years gold also has a hard time and extreme price depreciation considering that gold was not difficult to obtain in the past, and I think bitcoin is also now entering a difficult period because maybe a lot of things affect it and maybe bitcoin will also survive like gold can even exceed the price of gold.

No you can use gold online.    Gold can be attributed to a mastercard credit card just like some people have done with bitcoin.    The scheme I've heard of will let you run a credit card balance same as normal, till end of month the bill is settled by selling a portion of your gold balance at the market price for that time.


So gold can be used online and in all the normal ways that any other type of money can be used.   Its not common but not actually that hard to do.   Also gold can be leveraged, it can be fractional and all sorts of things

I can refer people to this company, its the largest operator in the world for digital gold assets with physical gold accounting with a separate multi country vault firm.     Gold cant be decentralised though, thats the main difference but it can be fractional easily

The gold proved that its value is continuing to rise since the beginning of the ancient civilizations. The bitcoin is still in the introduction growth and that's why it is not yet popular and its value are still not risen.

When you look at the price of Bitcoin from the very beginning until now most people will say the same thing but you have to stop this Bitcoin to Gold comparison. The older something gets doesn't mean it's certain to stay expensive the demand changes over time and it can be the same for Bitcoin if someone comes up with a better cryptocurrency in the future.

It's more likely called a correction period similar to what happened last time when Bitcoin reached $1k after the first halving.

I agree only with the fact that common to bitcoin and gold is that with them, people feel rich. In the rest, of course, these are not comparable things. In addition, perhaps someone in a thousand years will also compare bitcoin with some other means of enrichment and accumulation.

Gold has come to such a level with a long history. How long our technology evolution will survive is the question, because to the growing population it isn't possible with the limited supply of bitcoin. The demand will surely keep growing, and such a big growth defeating the value of gold is simply a big thing in the history of bitcoin.

My Mrs doesn’t want a Bitcoin engagement ring, or bitcoin earings.
Science doesn’t want the electrical properties of bitcoin or bitcoins chemical inertness.
NASA does not want bitcoin for its heat reflective properies.
I don’t want my Daydate made of bitcoin.

Gold might just be a metal but it’s valuable for very good reasons, it has amazing properties and is nice to look at and not hugely abundant.

Bitcoin has value, but that value needs to be fostered by continuing transactions and price stability, at the moment the price is too volatile for mass adoption, TX fees crippled commercial use during the 2017 boom. These are things that are being worked out with Lighting etc... but bitcoin is not compatible to Gold, not yet at least.

Gold was the king for long years because there wasn't a better alternative. Not there is. Called Bitcoin.

The supply is limited just like gold and unlike gold you can send and receive it from anywhere in the world. And also unlike gold it is impossible to fake bitcoin. You can get fooled by fake gold coins but you can't get fooled by fake bitcoins. You can get fooled by fake bitcoins (like bcash) if you are dumb though.

Bitcoin is gold 2.0 without any drawbacks.

Very different between gold and Bitcoin,
Example:
Bitcoin digital currency is an online transaction system, and technology, indeed the price is higher than the price of gold, but bitcoin can be bought no matter what we want depending on the money we have.
gold, shaped physically for jewelry, and must be purchased per gram or kilo.
So it's different if gold and bitcoin investments, both from price movements and investing methods.

it's clear that bitcoin and gold can't be a fair comparison because they really have different traits and have different paths.

I think it is not appropriate to compare a physical and digital asset,one thing is sure gold cant be replaced no matter which other asset come,because it is most popular asset to store funds and widely used in other utility and majorly in ornaments industries.bitcoin is considered as the digital gold but it will take time to get acknowledge by regular people not just guys who are in tech background ,bitcoin popularity will grow in future and so its utility.

To be realistic bitcoin is one of the greatest technology that have come to stay, this is just the early stage of this technology. This technology will stay beyond 1000 years.  Bitcoin is more relevant in this age than gold that is why it price is appreciating more than the price of gold.

well, this is really a lame comparison. Gold and bitcoin cannot be compared to each other because it is completely different in every way. Bitcoin is a financial trading tool, gold is a jewelry and is also a resource. it's different and it's not comparable.
About the value of bitcoin, it deserves to be of great value now. and it will grow even more in the future.

Isn't it very clear that bitcoin and gold are two very different fruits of ecosystems and commodities. although both are indeed a means for investment but in reality they have different characters.
I am clear again that bitcoin and gold cannot be compared in any way.

This is a pretty amazing technology, I don't deny this but if you say this technology will last more than 1000 years, it seems to be quite illusory and impractical because with a society that has a very fast growth rate, new technology will constantly appear and old technology will be removed. Bitcoin may be replaced by another technology in the near future, while gold seems to be strong and survives over time, it does not disappear, so if we compare in the long term, I still believe that gold is stable and better, the price of bitcoin may be higher right now but the far future, this will change

It's just an speculations where there's nothing to prove I guess, comparing this two assets would bring different points of view, we just need
to hope seeing more progress with the current digital currency that we are enjoying while leaving gold to it's venue where he's a good valuable
assets.

    Many threads in this forum have headline " Bitcoin VS Gold". This topic can be an answer to that, how can you compare something
that exist for 1000 years with something that`s around just 10 years? We can speculate about this two assets, but they are very
different.
   New generations favor digital much more than precious metals. I believe that precious metals will always have some value but they
can`t compete with usability of crypto-currencies.
   

In my opinion, bitcoin and gold really doesn't have to be compared. Not even for how the price moves. The two things are really different. One is physical and the other being virtual but both are good and possesses the value where one might be able to buy goods in a different manner though. The thousand years for gold might have made it popular and bitcoin may have started just right now in the modern world but it does not show that it is either weak or late against gold in terms of progress. The two in my observation and understanding will co-exist similar to how fiat and gold did for several years since then. So I would say none of these will serve as a basis for saying one is good and the other isn't. They both have strengths and weaknesses.

I think the increase in the value of the two investments is very different. even though bitcoin has a large volatile, but this product has a limited supply, so it will be more profitable with a significant price increase, on the one hand btc users are still very minimal, so the opportunity to get a profit is much greater

1000+ existing year vs 10 year existing then obviously the fans of gold still very much better than bitcoin but these two should not be compared because both of them have difference of benefit although they can be recognized as investment tools but bitcoin development still in progress which mean to surpassing gold it is very possible and it could be good achievement if we can bring more gold fans change their mind and invest to bitcoin

Thats all good reasoning for fundamentals on gold long term, it has lasting demand for its variety and some extent unique attributes.   However right this moment in time, BTC has a demand and usage because we are transitioning away from global currency bound to just one country with a system based on national politics.   Currency has big flaws worldwide right now for being centred around just one economy, even EURO where in theory many nations share the burden of a shared currency with equal say I dont think it works that well for them.   I see BTC or some replacement will be required, it wont just be gold alone

with people's confidence that is still minimal at this time, making the opportunity for bitcoin to be a profitable investment later. gold has been trusted by all people, what if it happened at btc

Bitcoin is a new digital gold that was born 10 years ago, and currently the price of Bitcoin is beating the price of gold that is more than 1,000 years old. So it can be said that even though Bitcoin is still very young, it can make everyone admire it.

in my opinion time has nothing to do with the price of bitcoin, and I hope people don't keep comparing it with gold because it's two different things even though it's an investment tool, but so far the price of bitcoin doesn't depend on the price of gold, I'm not sure big bubbles will happen again because the economy and the world crisis are too bad, but that is also not impossible. hopefully there is a positive issue that boosts demand for bitcoin so that the price returns high

Gold is from natural resources unlike bitcoin. The Technology-based Gold is Bitcoin because it's also from mining but not on the same way. When it comes to price both of them are dissimilar because we bitcoin user knows thay it's price is very unstable while Gold is stable in a particular time.

bitcoin is very much different from gold, starting from bitcoin is digital money that has data encryption that is stronger than others, the price is also very volatile and the transactions are peer-to-peer without third parties. I think in the next 10 years, bitcoin will be far more valuable than gold as technology develops.

Indeed, currently bitcoin is still in the process and not everyone knows or uses it, while gold almost everyone owns and uses it. So investment in both will have advantages, for bitcoin, it looks valuable because it is of limited supply and is still a new investment even though it has existed in 10 years.

For the commodity and investment sphere, both can be compared. for gold investment it is already very experienced, starting from hundreds of years ago people have used gold for investment, and many of them profit because of the low risk. while bitcoin is still very young, but from that age, the potential of bitcoin is still very large

age in my opinion is not important if for us an important investment its value can be useful when we need it I think gold is more profitable even though it has been 1000 years ago than bitcoin because bitcoin is always easy to go down and unstable like gold which always goes up year to year

I agree with your opinion and I think that coming from my logic of gold even though only shiny objects can defeat bitcoins that appeared 10 years ago and gold from 1000 years still triumphant I feel the uniqueness of this precious metal gold so I think I like your opinion

Gold was a product of an old age while bitcoin is the new era of digital currency a product of high technology.Comparison doesn't need to be applied in there because bitcoin were too different from gold.It maybe a store of value with votality that changes every seconds not like gold.

How can you compare gold with Bitcoin ?
Gold is a natural resource and Bitcoin is a currency which is used to provide transactions in Blockchain. Blockchain is a digital technology. These things aren't common  :o

Absolutely!

First of all gold is an element of the periodic table and has existed for billions of years, so it is not something that humans invented, however its use as money dates back to thousands of years which explains why people trust it so much, but I fail to see the connection, the young age of bitcoin does not indicate that it will skyrocket soon, what it could make the price to go up again is if people decide to adopt bitcoin and there are several factors that could make the adoption rate to go up like the lightning network and instability of the economy of the world to name a few.

It has become a natural thing if Bitcoin has only been known for 10 years, because blockchain technology and digital currencies such as Bitcoin only existed when the world had developed, if Bitcoin was in the ancient era, then Bitcoin would have been used in ancient times.

Water existing over million years,Sand existing over billion years and you were existing over 50 years so you and all these thing need to be more valued than gold and bitcoin. :P

Price is not based on years it is based on "Demand and Supply".

I personally appreciate your speculation about the future to Bitcoin but one should not in any way compared Bitcoin with that of gold as the two in question are for different purpose.

Gold has been exiting for some years now and bitcoin just come into the market.  Bitcoin has proven to be better than gold as a store of value and as money.  I think in future bitcoin is going to replace both gold and fiat as a store of value.

Well, bitcoin has clear advantages over gold. This is a high price, no storage problems. And in the case of gold, you obviously need bank services. Using cryptocurrencies you can always sell / buy / pay them quickly.

Bitcoin has another advantage over gold: it is easily divisible and easily transportable.

But I do not think that gold will disappear replaced by bitcoin or other cryptos, but they will coexist together in the future.

gold has been known for more than 1000 years and gold has been used from time immemorial to exchange and in the past there was no technology and even computers have not been discovered, how can bitcoin be created early if the computer has not been created? LOL, that's why bitcoin still has a smaller age than gold.

No need to list other things . we are only talking about bitcoin and gold here .


Yes but the longer the thing exist , the more demand that they will get  . price may not be based on years but years can help a thing to become more trusted .


No one said that  because that is impossible for bitcoin to exist without a computer . we all know that computer is the one that create's bitcoin not unless if they will create bitcoin physically just like a local currency

Comparing gold vs bitcoin is  somewhat useless. From an ancient time gold already exists 'physically'. While bitcoin  was created as a digital currency, it is not right to compare those two based on their years of existence. However,

indeed in its stages it is difficult to compare the two, because of time problems. but I think at this time bitcoin bitcoin has shown its achievement with an increase in prices since 10 years ago

the main value of bitcoin was its technology, meanwhile gold has no additional value besides its supply and value.in future, the things that have breakthrough in our life will survive and have high value.

Bitcoin has high technological value, this makes many people curious and will choose the development of blockchain technology rather than gold. If this is seen from the intellectuality of human beings who are mentally ready to take steps for the future. But for those who are afraid of losing money and not having the readiness to lose, they will choose gold as a safe investment.

Thats his point also, demand that has lasted my whole life and has been in existance for thousands of years.   That would be the strength and certainty in gold, if we are talking money then its security and that certainity in long term never ending demand cannot be understated for its importance.

    Bitcoin is still a flash in the pan short term despite being here a decade its work to prove itself continues and it for sure the underdog

Yes, we can not make a comparison between gold and bitcoin. Gold will always exist in the future because it is a rare resource. Bitcoin may collapse and die in the future if blockchain is removed and no one uses it. It is clear that precious gold is much more rare than bitcoin

Do you say gold exist 1000+ years "maybe?"???  :D from what planet you are?!
If you love to compare bitcoin with gold they have different history. The price of gold was high from the most beginning and now its lower because the mass of gold increased. Number of bitcoin's is limited and this factor can make it super expensive at the moment when all coins will be on the market.

Well thats complete crap.  Gold is mined every year so by your theory as supply increases every year then the price should decrease every year.

Gold price is a measure of confidence in the global economy with a floor price based on mining costs.

When the world economy is stable and growing the gold price tends to drop back, when fear and uncertainty raises its head then gold price increases.

Central banks are currently accumulating gold at the fastest rate since 1971, that should be enough to tell you what is about to happen.  Gold is also currently at an all time high in 72 currencies.

Also considering Comex is currently leveraged at over 200 paper gold oz's to every real physical oz of gold its easy to see that physical metal supply has little impact on price at this current time.  If Comex ever goes under due to customers demanding physical delivery of the metal during a financial crisis you can imagine the impact on gold price.

Gold has always existed, it was here before the humans and before the earth, gold will also be here when the humans are gone and the earth are gone also. Bitcoins have been here for 10 years, it will also be here in 10 years from now, and the last bitcoin will also be mined in 130 years from now. From now and until the last bitcoin are mined we will see many new Bull Runs. Bitcoin are a digital store of wealth, and that makes it populare in the digital world we lives in.

Technology makes everything a lot quicker in our life. Just 30 years ago telephones were a tough thing and not even every single house had them, look at us today with our mobile phones that are "more advance than the technology used in nasa to send spaceship to moon" (which is idiotic considering who uses it is more important).

So, gold could be compared to bitcoin some manner (even though dollar and euro is more comparable to bitcoin than gold is since bitcoin suppose to be money and not a commodity) but the technology is adoptable in our lives much quicker in recent years than the old days where everything was taking so long for people to actually get their hands on. When first cars were made it was the local places that got it first, now when a new innovation happens all world gets it. Bitcoin has that super advantage over gold.

and gold has advantages over bitcoin but they cannot be directly compared.

the only reason these threads keep popping up in the first place is because consciously or subconsciously people recognise gold as the ultimate form of wealth.

First, gold has existed since the explosion of the supernova star, the time of which no expert can assume, secondly, the price of bitcoin is not tied to gold, like most of the world's currencies, the price of bitcoin depends on the dollar, and the price of the dollar depends on natural resources, here it is a logical chain. The more you buy bitcoins, the more it is backed by dollars.

Common people have the IQ level of sheep so they will just follow the older people who think what is wealthy and keep going.Yes there is no reason to compare gold and bitcoin anymore.

Behind Bitcoin you can find a lot of new options in the market. Considering that when the blockchain technology was launched many people had the opinion that it will not last so here is the proof that bitcoin goes on the same principle like gold> if you believe in it, you give value.

bitcoin is very much in line with the broad scope of technological developments

this coin runs with the transitional method to become an example of variations of civilization embryos from the next economic method, on the other hand, gold will remain as guarantor of the currency, the characteristics of both will synergize strong in the future if bitcoin succeeds in becoming a benchmark other than the central economy.

Difficult to compare the two.
Just like you said technology is booming and that is a truth.
While on the other hand, gold is still being used as jewelry but not with chips anymore. It is a good conductor before but not anymore.
The technology is too high and we have created things that best suites smartphones and computers.

It will take more time but that is for sure, bitcoin will be in the frontlines.

People with no internet connection must be choosing gold. Bitcoin is good investment but without recognized by government as currency, bitcoin still a speculation asset. Maybe in near future when internet infrastructure getting more better and people recognize bitcoin, people will use bitcoin as investment asset like gold and will used for internet transaction

Many will think that but the world has big population growth so in theory we have greater demand created regularly.    The majority of India is below 30 and over 1 billion people, this is a nation which is very positive on gold use traditionally.  
Despite an easy assumption otherwise, gold is not old and too archaic for modern use.    However I think some of this latent thinking is in the price and is part of why gold could be said to be cheap relative to its likely prospects.   Its not just Bitcoin which is a growth market, even the well known products can come back into play imo

Well i agree that the good is exist for a long time than bitcoin, but I also believe that bitcoin is exist for 10 years and still counting. I see that the bitcoin has a potential to last long or maybe forever it depends upon the crypto feild.  If many people believe and become more interested in crypto maybe crypto or bitcoin will rise soon or maybe till forever.

of course I will choose gold because the price is stable and I like a lot of people too, so right now I have returned to invest in gold again because bitcoin and other crypto have not had a good change

Of course we can say it might be true since we are going for an advance technology. Bitcoin may also live as much as there is gold to be leveraged.

Can you tell us why do you think the comparison is not valid? it is true gold has many other uses like jewelry but gold has been used as the predominant form of money for thousands of years and we know that bitcoin was created as an alternative form of money outside the control of the governments, so to me it seems like comparing the two is completely valid, and not only that the adoption of bitcoin could give us some insight in the process that made gold adopted in the first place.

when bitcoin is created all the technology is sophisticated and many people already know the digital world whereas if technology has been created before people know gold then the price of a currency like bitcoin will become more expensive than gold.

Once the technology become more advanced in the future for sure the price of the bitcoin will increase very high and everyone want that because that's the reason why we are here is to earn money and everyone want more money. But if we talking about the life span gold is better and less risky compared to the bitcoin but bitcoin can give you high profit.

bitcoin and gold units are different, so comparing them is a bit difficult. but indeed with the percentage of developments in both, bitcoin will be superior to gold, because it fits the needs of the mileneal community

the intrinsic value contained in gold has a forever value, while bitcoin is still not in a safe position to be compared as a long-term asset, but the circulation of transactions is faster than gold.

If referring to the millennial era, then bitcoin must at least be the same as fiat in the same regulatory system and this will not be seen in the next 5 years if market capitalization is still an important reference.

There would be still  lots of factors needed for BTC to be passed on before it would really came into that state but as we all know it would really be hardly be achieved since we
do know the properties on which cryptocurrencies do have.No matter how fast it do circulates when it comes to transactions or no matter how fast it is when it comes to appreciation of prices
it wont really be still enough for it to be compared with gold.

Price is only one parameter, supply is missing in your equation. When you multiply first parameter and second, you get market cap. Gold market cap is 7 trilion $ and Bitcoin market cap is around 60 milliards $.

Gold has no intrinsic value and the same is true for everything else including bitcoin, people have the illusion that gold has intrinsic value because it has been valuable for thousands of years, but the value of gold comes from its use as money and its scarcity, but if something better than gold was created then gold could begin to lose some of that value, which is why some speculate that the market cap of bitcoin will grow because it will take money away from the gold market.

Gold's value comes from its unique properties and not the fact it was used as money.

Gold was valuable way before it was ever used as money.

I would suggest everyone watch this video, a very clever individual:
https://www.youtube.com/watch?v=a4_U6bS-cU4

Gold has its own backing because yes its definitely useful but also the price now is in relation to its monetisation.    Many think gold could be over priced but if we consider the excess dollars available and other FIAT currencies I think gold is cheap longer term; the main reason being bonds are payable in new dollars none will be cancelled

Gold has the same circulation possible as other forms of money.   It would not be exchanged physically or limited in that way, it would rely on a paper system.  Thats still valid, its just not decentralised like Bitcoin can be

both of them are promising forms of investment but the difference is the time and form, because I believe that gold will never die but if one day the bitcoin will die if in my opinion

No need yelling at op. He is technically correct with that figure.  He said gold exist for "over 1000years" meaning it could  have been used as store of value for as long as 6000year and over.

in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.

yes it can  . gold  will exist  a long time because of its solid form where it can neglect the hazards of bieng damage by fire and water . we can also mine a gold anytime or anywhere as long  as there are still land form on the earth   . while bitcoin is only dependent on the internet or being online   . many way for bitcoin to be destroyed   . but my vote for now will still be on bitcoin  because i can experience its benefits .

That is a very poor statement because you can't compare bitcoin with gold. Everyone in the world knows what gold is and how precious it is but think about what percentage of the population know what bitcoin is. Record you can buy anything anyway and that's because people know its value. As a limited supply why there is no information about how much gold exist on our planet, not only because recent studies have shown that other planets could potentially have gold inside them. There are many other things that could be sad about to court and that's why these two things cannot be compared.

Of course the ratio of gold to bitcoin is very different, because gold is not a currency but a metal object that has characteristics for jewelry and the price is always increasing, found thousands of years ago.
Whereas bitcoin is a digital currency that was discovered 10 years ago, and the price has risen like a rocket in 2017. But as a currency it certainly has fluctuations as it is now, in a depressed position and the price drops. But in time it will certainly be able to increase again. Of course to prove whether bitcoin can last another 1000 years, only time can answer it.

I think when something has a selling price value something can have an up and down price movement, similar to what happens in the gold price movement, it will definitely have a price decline and price increases depending on market conditions.

but here the difference is that gold is more trusted by many people, so that the movement tends to increase every year, although the increase is not significant. while bitcoin has a significant increase depending on the trend, and whales' willingness for now, because there are not many users, making the price easy to play with

Gold has become part of the earth in the form of precious precious metals, and the price is also stable.
The existence of bitcoin is only about 10 years which shows progress in technology that creates valuable digital currencies that are not in any form, and the profitability of bitcoin prices can exceed gold and be more profitable in an instant.

Gold has it's history before, and we know that gold was already in human life for a long time ago while bitcoin is only 10 years since the first time people knew it. Gold and bitcoin have each journey, and we cannot compare each other. But bitcoin has a bright future because bitcoin is a new technology which can grow more than now. When technology can improve, it means we will see better technology in the future, and it will help us to get a better life too.

Gold has been there for many centuries and yet is it stable and of good value. Bitcoin is only for one decade( 10 Years) and i doubt it can exists for even 100 years. It will be dead before that time and it may be replaced by something more valuable/useful then bitcoins. Barter system replaced by Paper money, paper money will be replaced by bitcoins and someday bitcoins will be replaced by something else which is not in existence yet.

This is because the price and the future demand will determine the value of the currency, even gold is not used as a currency and is treated as an asset. Speculation about the price of bitcoin with technological sophistication that is increasingly that's okay and it is indeed logical to argue, but this all returns to how the user requests later because there are many opportunities that might be created in the future, for example other currencies will appear.

Both were different completely so no need to compare each at all.

Bitcoin may be very less aged when compared to gold but it has grown very rapid when compared to gold or any other valuable metals,but it has own disadvantage as well when compared to most stable valuable thing like gold.

It is not right to compare both investment alternatives or both entities in this way, because both are investment tools with very different values within their classes. First of all, I would like to point out that gold has been one of the most secure investment instruments for centuries, and it will probably continue for a few centuries. Bitcoin is a new and road-based technology created in today's age. The money created with this technology and technology, which is open to development, has not been formally established as an investment instrument. In the years to come, when Bitcoin reaches a more valuable position and is more stable, with a low volatility, it would make more sense to make this comparison based on price or return. Remember, gold never gets old or doesn't lose its market power.

So inaccurate comparison.
Apart from the fact that they are two different things, the environment was different. Gold immediately started of being used for transactions between counterparts because there was nothing else to be accepted as a way of payment. Bitcoin has come to the world in a difficult situation that it is opposed to the current financial system and it is harder to be adopted.

I don't like the two being compared they are two different investment although you can make a good profit holding Bitcoin than holding gold, there are tokens that are backed by gold and silver they are both a good investment any investor would like to have both.

I don’t think it is the number of years gold has really spent on earth that has increased its relevance, silver has also been in existence for a while.

I think it is the value that has been placed on it and on the other hand, the progress and achievements Bitcoin has recorded  in 10 years is nothing compared to gold. Many have come to the realization that Bitcoin is the future of investment and that’s the latest trend this does not however mean that there are not those who would prefer to go with gold investment

I agree with your speculation that bitcoin will skyrocket but I think not only once but many times. Gold does exist first but the price is higher in bitcoin, this is natural because bitcoin has large fluctuations so prices can go up and down very quickly and in large quantities. While gold fluctuates in small amounts and fluctuations tend to be long and stable. So both are different and in bitcoin prices are higher because of the large fluctuations.

it is true that both places are good for investment, but if I have to choose, surely I will choose gold, because the price is stable and very promising also for very long-term investments

Yeah it is not a fair comparison between Gold and Bitcoin because of the fact that they have different technology and type of asset. Bitcoin is a decentralized asset while gold is a centralized one that is controlled by governments. This also the war between stable and volatile assets so it is too hard to tell which is important because we need them both though gold is much older than Bitcoin but nowadays Bitcoin becomes the new gold.

if I am required to choose these two promising investment places, I will choose gold from bitcoin, because the age of gold is longer than bitcoin so that in a long time I can get a big profit. and bitcoin is also good but only for investment in a maximum period of 2 years

Gold has existed ever since the world was created but its value value began when people started trading goods. Bitcoin, on the other hand, was published last 2009-2010 by Satoshi Nakamoto. Comparing both gold to bitcoin is like apples to oranges as they are different from one another, although they are both considered as investment instruments.


Like what I have mentioned, one cannot compare gold to bitcoin as they have different properties and nature, although both are considered by investors as opportunities to gain large amounts of profits.

age of gold might be longer than bitcoin but did the gold's value increase alot ? i bet no .  gold value is still the same and stable while bitcoin's value got improve drastically over the past 10 year course . how much more if bitcoin runs longer , lets say another 10 years  ? the value can probably double  .


why only 2 years  ? do you think bitcoin could die after this  ?  or do you think that the value can drop ? well bitcoin cannot die easily due to its usefulness .   though the value can sometimes drop but as long as the adoption increases  , the value can also recover  .

I think if you choose to invest in gold you should be able to have a lot of capital and must be able to have high patience because the gold price is very little.

Gold existed before this world was created, I believe its only possible for this element to occur within a supernova which means no gold has been produced on earth its only here as a left over from the creation of this universe.  Where as things like diamonds are created on earth, even if slowly there is an ongoing source.   Gold and a few elements close to it are rare forever really, I dont think meteors etc are likely
Golds first use was jewellery imo


Both a positive and a negative.  Bitcoin is decentralised, thats its main purpose ongoing to be independent of fixed factors and its far easier to transfer ownership instantly.    Gold is definitely part of the old system of paperwork needing to be filed.   They really arent close, neither is a negative in comparison to the other for me as they do not overlap especially

In recent days we've got the access to invest on gold same as that we do with other digital shares. In this way it is possible to invest into gold upon our funding ability. One thing that gold gives the user is the safety with its years back history with limited profiting on long run as the growth happens very little periodically. Bitcoin is way beyond gold, it is completely technology dependent and the same gives massive growth in short as well in the long term depending on the market situation. The same profit made through a small investment on cryptocurrencies take years through gold. The rest is upon the user, some prefer taking risk and earning big while some are satisfied with small earnings but expect to be on the safer side.

The 1000years of gold existence is practically wrong. Gold is naturally existing in its pure form. This means gold has been here since creation and was equally discovered years ago, it has been used since ancient time. Bitcoin is just a created technology backed by a Proof-Of-Work. Man didn't create gold, but man created the bitcoin. They are just two different entities. 

Doesn't gold have an inherent value? You what. are you laughing? Gold is very much appreciated as ordinary metal. It has a very high durability, because it does not give in to corrosion, is soft, it has a relatively low melting point. As a metal, gold is used in many areas of industry, and especially in electronics. This is a beautiful metal that is also used in jewelry for jewelry. Didn't you know that? And to say after this that gold has no intrinsic value? This cryptocurrency has a dubious intrinsic value, but not gold.

It is necessary to use new technologies, including cryptocurrency to generate income, but to keep earned best in proven values, such as gold. Cryptocurrency and gold can and should complement each other. A smart person will use the best qualities of these two values, and not oppose each other. I can only say that as a means of accumulating value, bitcoin loses to gold because of its high volatility.

agree with this , cant compare pyhsic thing to "digital" thing , and this bitcoin and gold really have different on development and other

From your explanation, it has been proven that gold is undoubtedly a precious metal that has high value, and until now, even though gold mining continues to be carried out but the price continues to rise as demand, so does crypto, if more and more believe the price will rise anyway

I think in next several years, people will think bitcoin and gold have same functionaly which is store of value. But bitcoin more flexible and secure because to store bitcoin doesnt need a lot space.

Well this two have a differences and you can compared a 1 bitcoin to gold because they have different value. We don't have any assurance or accurate years how long will exist bitcoin, gold or anything because we know that we can predict everything.

gold will always remain a precious mine, but I agree. I'm sure the price of bitcoin will go up more. because I believe and trust in bitcoin technology..  Maybe one day everyone in the world will use bitcoin, who knows?

Heres a good chart of Bitcoin vs Gold grams for anyone interested over time how it moves.   Obviously BTC is a growth asset but gold is not really falling behind greatly over time.  Both of these assets react to excess inflation of the US dollar monetary base but I think they are still quite different

https://i.imgur.com/MtZ6iFR.png

Also ETH for a control  - https://i.imgur.com/EHLeDgM.png

The system is just a system, investors are looking for benefits and high-profit possibilities.

Gold is way better than bitcoin in reality. If we're being practical in such a way where internet is not a good thing anymore, gold is a precious thing. It can be sold for a lot of money in the future while the bitcoin can be replaced by an upgraded or a thing that is way more better and has a lot of benefits.

If we see it from a technological and development point of view bitcoin has a great future, which leads to think that its price will increase, gold is a metal that gives a lot of stability, in fact, the large reserves of many countries is gold.

If we see it from the point of view of the Investor and the speculator, they do not care much about technology, they see much of the profitability that can be generated by their movements and over time, some do trade in many of their movements, both for the gold as for the bitcoin. Many traders do not care what direction the shares take or the crypto currency, if prices rise, some traders win, if the prices fall the same, many of the traders win. The investor has a much more focused point of view towards the expectation that the shares or the cryptocurrency reach a good price so that they can obtain profits, and that only manages to hold , never sell cheaply.

The difference is that gold is very stable and bitcoin is very volatile, this is something that economists do not like.

I think that in the future of 10 to 20 years, bitcoin will be able to gain much more strength, taking into account the positive news that has come out lately, and gold will always have its value, which produces stability.

Golds existence is far more than just 1000+ years, did you mean the length of years before Gold gained value and used it as a medium for trading?
Anyway, I dont really believed these kind of comparison in determining the future value of Bitcoin, I mean they are completely different things and completely has different functions. The use and function of Gold maybe limited by now, but this technology we have today has still a lot of room for innovations and improvements.

Save for tracking both gold and BTC's price, I think we shouldn't be comparing them that much. They've both been used as currency and that's where the similarities end. One is physical, one exists as 0s and 1s. Both have their uses.


When people hoard stuff, they usually think of worst case scenarios. You'd find it hard to sell gold in SHTF situations. Only good thing is that no matter how much time passes, your gold cache would still be gold. BTC would not survive the destruction of the internet and power grid.

Agreed with BTC's possibility of obsolescence with newer techs though.

It is still depends on the usage, gold has a good value and has worth the usage while the bitcoin is still in progress to have a good purpose and usage and adoptation also, gold has been adopted by many countries in the world while bitcoin rejected meaning there were lots of factors of comparison.

Gold exist for more than a thousand years. And I do believe that Bitcoin, which is often called virtual gold, will also exist, live for long. It is a very profitable investment. The longer you hold it, the more you will get.

They said pandors box cant be closed once it was open, but what they should have said it's a door with that will eventually close and never open again. All of these crypto guys will be broke in a decades times. Bitcoin is like air. Its value be worth the price of its story I set that value at 20$ by 2026

therefore most people if they get the proceeds from the bitcoin investment, they will be invested in gold again because the gold investment is very promising at any time but for bitcoin we cannot predict how long it can last

I think what's most interesting about gold is despite it being an object of value and desire for thousands of years, the people who are heavily into it are still regarded as nutters in the main and it's still a pretty niche product. I have only met one person in my entire life who owns gold.

If gold can't manage it, I presume a significant percentage of the population will still regard Bitcoin fans as creepy maniacs in 50 or 250 years.

We can't compare the value or time span of bitcoin and gold's success. We all know that both are good means of investment but they have their own characteristics. They both passes all the tests of time. We could invest in gold and bitcoin and we could both gain a good profit.

Bitcoin and gold are both different and also we are not sating here tgat we are not open for any upgrades or any changes that can make our life easier. I dont see anything on both. Gold is a good investment and it can actually be an accessory that sometimes a basis of a social status , whilst bitcoin is an investment and also a digital currency that can make our life more convinient than the past.

I think both have advantages and disadvantages of each, and both are assets that are worthy to have. Although bitcoin has only been present for 10 years, but it is no less popular than gold, the people who are following the technology prefer to collect bitcoins so they have the courage to take risks.

Gold and bitcoin vary in some form, but that is not a big factor. The comparison comes whenever there is a group of people who are skilled yet fear to make an investment into bitcoin. When a question is raised they'll first indicate the volatility in comparison to the gold value. In this way one way or other both can't be compromised. It is possible only through trust.

we cannot compare between gold and bitcoin historically and also the use of gold is more known and there are also many who are sure to invest in gold, while bitcoin is a new thing and people still feel unfamiliar with that name

A lot of us likes to judge their success by their price forgetting that their market cap is what matters, I think Gold market cap is almost 40 times the market cap of present Cryptocurrency market cap, though gold has been existing for years and BTC is just 10 years, but both are also very good and have their own role to play in the development of the economy worldwide.

Once Bitcoin overcomes all this hurdles its presently passing through and the adoption becomes very wide, it will eventually go close to Gold cap too in years to come, that is why we all need to always look at the future and not the present situation the market is now that is making every investor panic.

I don't think we can compare gold with bitcoin. because both are very different gold comes from natural resources while bitcoin is created from computer software. then the value of bitcoin is very volatile while the value of gold is more stable. so we cannot compare the two. both are used to store value but have different risks and benefits.

Imo bitcoin is not new because its been already 9+ years since it existed and most of us now are actually already fammilliar with it but they are only doubting to use bitcoin because they cannot see bitcoin , they think bitcoin is unreal or a scam coin . this thinking only limits the adoption while gold is undoubtedly legit in any angle . all people in all ages recognized and will love to take a piece of it but we'l never know in the more decades to come if people revert their minds to embrace bitcoin .

The milestones achieved by bitcoin in just a decade beats the performance of the development of other forms of money historically.A decade more will see astronomical adoption for bitcoins. Bitcoin is the future of money and is more efficient to all other previous forms

i know when gold and the other valuable stone dominate market and be currency, they have same value if you trade between small portion gold with other stuff. and thats apply for all society, use that currency. look at now, bitcoin have high value because of technological explosion. you know if gold be always used by all people, while bitcoin used by people that know about it, i mean not all people use bitcoin like gold.

We cannot compare between gold and bitcoin because it's different things. Most people know about gold, but not many people know bitcoin. I agree that bitcoin can increase the price in the long-term but gold still be people's favorite so far. Soon when gold is not produced anymore, the existing of gold will become too expensive and I think when that time comes, we will see that gold and bitcoin will be the most thing people searching for their life.

I don't think we can equate bitcoin and gold, in terms of the nature and also the investment instruments themselves, bitcoin and gold are very different because until now I think the bitcoin category risks are quite large.

Now possible investment in Bitcoin seems risky, but this is because it has not yet become widespread and is not recognized by the governments. I believe that after Bitcoin is introduced into the legislative field of most countries, the world will invest in Bitcoin more securely, and its volatility will decrease.

Trust about gold is already very strong while the investment category in bitcoin is very high, the risk is quite large and bitcoin is not real but virtual goods and in my opinion it is the most important problem of both

indeed the price of bitcoin and gold will never be the same, because gold and bitcoin have different types of manufacturing, bitcoin is a digital currency that currently still does not have high demand because there are still few who use cryptocurrency, while gold has become an exchange tool used since antiquity.

right, even bitcoin is referred to as digital gold, because demand is not too high, there are still few bitcoin users in the world. so that when there are many requests, it becomes the potential to invest

Both of gold and bitcoin are incomparable. I can't really compare between them, because the first is a metal and the second is a cryptocurrency which it's only been used online. But if you ask me which thing I should save, I'll tell you, bitcoin. I feel that is more valuable than gold, and if you can see both charts of bitcoin and gold, we noticed that the value of bitcoin was increased incredibly compared to gold in the last few years.

this is proof of the rapid development of mindset and technology.. Bitcoin is a great discovery, at first, I wasn't sure Bitcoin would be expensive, but as time went on I became convinced... indeed fluctuating gold prices are more stable but a drastic increase is in Bitcoin.. My predictions in the next 10 years the price of Bitcoin will further leave gold.

gold has a real form while bitcoin does not have a form so that the period of time it has is also different, gold will still exist as long as humans are still there, also humans like jewelry, the value of gold will be higher, but bitcoin will only last as long as the technology exists, so if technology it disappears, bitcoin is also missing, and its value will also be lost from the virtual world system.

Yes, because Bitcoin was born at a time when the digital era of technology is progressing, so Bitcoin is said to be the digital currency of the future, it's worth the price of bitcoin today, because the world community wants it. And therefore gold and bitcoin have different properties, each of which has its advantages and disadvantages.

Gold will exist for long time and never die with any reason and never could be die because always have higher price every year, but bitcoin could get raised to higher price with short time and could be down with the same time.

Gold is one of those type thing that never die, it live long and long life. But about Bitcoin, now people are interest on it because of it is internet time and bitcoin give us opportunity to earn money from interest behalf of it. So bitcoin is also powerful thing on internet, it is not easy that bitcoin die.
But about the technology wise, our future will be tell us, but technology wise we always get happiness and profit.

Gold as a value has existed since the time when humanity needed to have some value for the exchange of various goods and services. It is much longer than 1000 years. It can be said that gold was and will always be eternal value.
Bitcoin really exists for ten years now and its value is just beginning to be checked by time. We can not yet say exactly what will happen with Bitcoin at least in a hundred years.

Watch this if you want gold to replace fiat ;) https://www.youtube.com/watch?v=Y7TLFyK_3Pk

food is a much better tangible economy item to back currency. :P yes fruit rocks, you can have timed fruit coins :P that expire when the fruit does. 

Gold and bitcoin are not mutually exclusive investments. They share very similar properties in terms of their scarcity. Gold is great for people who prefer a physical store of value, wheres bitcoin is great for those who prefer a digital one. Of the two bitcoin is more portable, but as mentioned, gold has a much longer and more glorious history overall.

Bitcoin is actually easier to store in large monetary amounts. Imagine having to hire a vault to store $1 million worth of gold. But you can store that amount of bitcoins on a powerful laptop.

It's easier to sell bitcoin too - and having an asset that is easy to liquidate is important. Stuff you can't sell is worthless.   

I think we don't have to compare between gold and bitcoin because that is different.
Gold was known as a precious thing for all people, and they agree that having gold is the best investment that will give them a profit in the future.
But if they are open their eyes and see the benefits of having bitcoin, I am sure that they will use bitcoin as the other investment besides gold.
I guess that in someday, they will use both gold and bitcoin together.

Its because the growing of bitcoin adoption. Actually gold price is always move in line with other commodity price such as wheat, rice and etc. I mean if such commodity's price rise then gold price will also rise and vice versa. But bitcoin price is highly influenced by supply and demand. Now the growing demand of bitcoin is significant so the increasing price also significant.

Indeed you cannot fully compare gold with bitcoin, while gold can be buy and stored, bitcoin can be sent with internet connected and can see how much bitcoin are mined. I think also bitcoin will exist for long time.

Gold exists as a measure of value and means of payment for more than ten thousand years, and so far will continue to be used as such in the foreseeable future. Bitcoin really exists only ten years and it is unknown how long it will continue to exist. It is hardly logical to compare the price of a single gold and one hundred million satoshs, that is, one Bitcoin. It is necessary to compare either the cost of one satoshi and one ounce of gold, or one bitcoin and one kilogram of gold, although this will be incomparably vseravno. Nobody knows how much the price of Bitcoin will rise as a result.

This gold and bitcoin is very different from the first time gold was created, precious metals that exist on earth and have been used during antiquity while bitcoin only existed when it entered in 2009 and this is classified as new digital currency technology so gold is more valuable than bitcoin because not everyone knows bitcoin.

Really depends on the culture, I think gold has been in exchange for 10,000 years personally but not worldwide and not between nations as traded money exactly.   Native Americans didnt value gold across that continent as I understand it and my guess why is they were too nomadic a culture and gold is heavy and not that useful to them, the jewellery they did keep was far lighter hence the beginnings to value was not there for them in the same way.

How we find value is not fixed, people want to dismiss Bitcoins now when all kinds of different monetary standards have been found useful within cultures previously.   Why a secure, fast, limited and open ledger is not going to be useful and dismissed as evil somehow by a few is fairly laughable.   Its very possible Bitcoin will be useful money ten years from now even from a disinterested point of view that should be acceptable as a possibility

But I can't use my gold to buy pc-parts on my eshop.

The rate of technological advancement gets faster over time, so that 10 years is a very long time span for an innovation like bitcoin. Still, bitcoin has plenty to prove as a nascent technology, but the fact that today it's more expensive than an ounce of gold is an indicator of its potential if it is to gain mass adoption. Every day that it survives it gets stronger.

In comparison to time period of existence and its growth period, bitcoin has experienced a massive growth in a much shorter time period. With gold the same took years and years and if bitcoin survive such a long number of years surely bitcoin will get served everywhere. Starting as a transaction token to an universal currency. As advancement is a continuous process years of survival surely makes the bitcoin along with other cryptocurrencies get stronger and stronger.

yes you can, you can use a glint card
https://glintpay.com/

Today, the world has been developing with the speeds that seem really fantastic! 10 years for Bitcoin is really much. This is proof that the cryptocurrency is useful, it is needed now and in the future. You can keep gold if you want, but work with crypto making profits.

Bitcoin has a lot to offer than Gold in our times, although it has a much higher speculative nature than gold it's still worth to have Bitcoin than Gold, Bitcoin is moving forward and on a fast-paced, there was a gold rush in the past and now we have a bitcoin rush in the making.

Well, years doesn't matter. Bitcoin as a project is more valuable than gold now. It is a revolutionary technology and it has got a bright future. I believe in a few years time, bitcoin would be worth much more.

I do not agree with your opinion. Bitcoin really doesn't have any value, blockchain technology is now a valuable thing. Bitcoin doesn't even get the best technology upgrade, so how can it be a valuable asset?
I always believe in developing altcoins and want to expand the potential of the blockchain. In the future, we will not see Bitcoin in the first place. When investors really participate in the crypto market, they only choose businesses that own the best blockchain technology.

gold is an actual material and bitcoin is not :-\

Stop watching mainstream media. You clearly got brainwashed. The only reason blockchain technology is valuable or exists in the first place, is because of its decentralized nature. Bitcoin is the prime example of that. You don't need a blockchain if you operate a centralized network. Databases are perfect for that.

Mind to share what you consider 'the best technology upgrade'? There are already altcoins offering faster and cheaper transactions. No one cares.

It really seems to me that you're sour because the fees have grown past what you are generating through faucets and whatnot. Perhaps an idea to spend your time in a more productive/rewarding way?

building trust will bring bitcoin an asset like gold and even more. with the time that only 10 years bitcoin can make international news preach it. and when this revolution is taking place, we are waiting for the next incident

Gold is just a shiny rock in the end, bitcoin is mathematical process, idea. You cant put bitcoins in the box, you can destroy bitcoin. There are many more differences between gold, some metal, and something thats bitcoin is, literally entire system, world for itself.
I never liked gold, I dont have gold, and I probably never will. I`m into crypto, for me precious metals have a purpose, to be in graphic cards, motherboards, they are good conductors.

well i believe bitcoin are an breakthrough technology and it cannot be compared with gold which is something that used to be a tools of payments. I do think both are completly different and we cant just jump into conclusion that the price will rise only mere of how long its been exist.

Great answer to OP's question. Bitcoin isn't currency alone, it's an unique payment method. What kind of payment method gold is? Give thing hand in hand. But what is bitcoin? P2P online transaction which is included in blockchain, protects your privacy and you fully own it, no one can steal it without knowing keys while someone can steal your golds even from your hands and pocket. Years doesn't matter, we were different 1000 years ago, now we are far developed from that era and can say the same on bitcoin, it's far developed payment method and currency compared to gold.

Gold and Bitcoin have different functions so they cannot be compared. Bitcoin can be used as an exchange tool directly to buy goods in online stores while gold does not. In addition, there are no similar measuring instruments to compare the two.

because bitcoin is a very flexible asset and even though gold and bitcoin have very far different years, it doesn't mean that bitcoin has no benefits in many sectors. currently bitcoin has grown considerably and you can complete transactions using bitcoin quickly and about gold we cannot make it that way because gold is only an investment asset that is only to be hold for the long term

The similarity between gold and bitcoin is that they are both a store of value where the inflation is accurately predicted.

The difference is that bitcoin is more digital while gold is a physical metal that you can touch.

I know this is a very simplistic comparison but at it's core, these are their properties.

People tend to hold gold and bitcoin in times of uncertainty or in times where centrals banks print a lot of money precisely because of gold and bitcoin's stable inflation.

They are not mutually exclusive, you can hold both gold and bitcoin and fiat currencies all at the same time.

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But still bitcoin is more valuable than gold. Eventhough, gold is more precious than bitcoin. They have both luxurious thing in this world and if you have that you are rich. However, in my own opinion bitcoin is what I need right now since it may be my initial investment as a poor person.

God only exist 1000 years? lol

indeed seeing the development of bitcoin for the past 10 years, we can observe extraordinary developments, even though 2018 has decreased but it is still believed so far we see its development

That is a valid point, bitcoin has surpassed the valuation of gold nor anything in the world in a short period of time, there have being wars in the past to loot the wealth and during gold's reign as the supreme metal throughout history, i really do not know how many wars have being fought in the name of gold, but i am sure there were many, can we expect cyber warfare in the name of bitcoin in the future.  :D

Gold and Bitcoin are different, even though they have the same investment value.  Gold is a real item, while Bitcoin is a digital item.  For this reason, both fans also come from different groups.  Gold is more interested by traditional people and Bitcoin is more in demand by Modern people.  And Bitcoin has a higher risk, although Bitcoin can experience faster changes, while Gold is safer even though the price movements are slower.

During old times, gold coins were used as a currency everywhere in the world. But as the population increased, it became difficult to find enough gold to mint the coins. So the governments came up with the alternative of fiat coins and banknotes. And in due course of time, this fiat currency will be replaced by cryptocurrencies such as Bitcoin.

investment cannot be measured by time. there is no guarantee that gold or crypto will prevail in the future. it is possible that in the future there will be other popular types of assets from gold or crypto. investment is based on market demand so no one can predict the glory of investment assets. because when cryptocurrencies created it is not intended for digital assets but for online transactions.

I agree that there is no point in calculating the stability of any currency or metals. There is no absolute guarantee that Bitcoin will cost a million dollars. It is amazing to hear now, but Bitcoin may well cost $ 1 if any error is discovered.

Firstly, I disagree with what Apes said because gold how been in existence before you and I are giving birth to. Besides, the institutions called it federal reserve and this proof that it will prevail in future.


Yes, the future are not promised and if any error is discovered Bitcoin can go back to $1 but the work of crypto communities, developers and miners is not to join crypto currency but to also fix crypto related problems and make crypto currency great which is the reason why Satoshi said Bitcoin is decentralized so we can find solution to every errors or problem by ourselves.

No one among us can predict exactly what future will bring to this industry, there's no need comparing both assets even there's similarities being
a good assets to hold, value will increased when demands push it higher, the fate of this market will be in the hands of its believers progress and
developments will happened if supports will continue to be there.

why you compare it, it cant be gold and bitcoin have their own value we already know total supply of bitcoin it just 21 million.
price bitcoin will go skyrockets if people start to believe it and use that for currency as fiat.

Yeah one of them happened because of gold, the army wanted to fight because of gold, they were loyal because of gold. maybe in the future too, cyber warfare to loot or get paid from bitcoin. Gold has long existed, but new commodities have emerged, and that is in great demand for modern people

Gold has a 1000 year development process, but it can only be used as a jewelry or used as a form of asset accumulation. Bitcoin has 10 developments, but it brings many more valuable benefits than gold. Bitcoin can use as an accumulative asset in an anonymous form, which can also use as a currency.

This is inevitable, you know.

People will obviously and continuously compare these two since they are great investment these days, except Gold since it's been a long time that it is a good investment. People can't invest in gold, what I am saying is that people will choose a lot of assets and they will end up to consider Bitcoin or gold, at that time they will be comparing these two though I will pick gold obviously for a safe investment, though I can't do that since I don't have that much money to invest.

Buying gold is never a investment it always is a hedge against governments. If you want to invest in gold you buy gold mining stocks.

Well gold is physical while bitcoin is virtual, but both have their role, while gold can be stored and sold when want, and bitcoin can be used for payments is more usefull bitcoin on my opinion then gold.

Gold exists for millions of years and have been used as asset for much longer than just 1000 years.

And it is completely inaccurate to compare BTC price and the gold supply since golds supply is not the same as bitcoins.

You got it all right. Today An airport in Saudi Arabia was hit by a missile fired by Houthi rebels. Looks bad for middle east, Gulf and Stock markets.

Gold going to $1800/ounce

That is true that btc is a recent phenomenon and future may be great for countries which ban it or may not make it legal will be worthless and for them gold will only be the case they have to be with it and btc is digital currency which has many uses as well .

Gold has existed for much much longer than 1000 years. There is strong evidence that it has been here since the begining of the planet earth, possibly before? From human perspective it may be losing value since we're moving towards digital economy but there are many physical uses of gold which we do not even know yet. Once we've completely moved away from physical money and physical investment, we can finally start using gold for more productive things.

In my opinion.  Gold will last until whenever in the world because gold has been very trusted by the people in investing or saving money, but even though there are also those who choose bitcoin who are not even 10 years old.  At present, but this is good enough for bitcoin or gold because if you have a lot of interest, then both will remain at the peak of glory

Here you are talking about thousands of years of currency evolution from the gold coins of the Roman empire to the current state which took centuries to reach where we are now and to image that the world will adopt bitcoin in the near future is a fantasy thought process, bitcoin is not empowered by any state or country to adopt them as their primary currency and bitcoin is not here to take over any countries fiat currency, it is still in the beginning phase and governments around the world are planning to implement rules and regulations to see how bitcoin fit in their economy.

This discussion can be a real fundamental debate between economists but the value of both financial asset is from each other. The price graphic is different if you zoom in but both charts have the same similarities and correlation.  There is no reason to compare the gold price and expect the same move by Bitcoin. It is more suitable to compare the digital money with the Dot com bubble.

Gold is valuable because everyone agrees that it is valuable. And because it has been valuable through all of recorded history, the consensus is that it will retain that value for the future. That's it. There's nothing intrinsic to gold itself that makes it valuable, it's just the consensus. Many other things are stores of value, despite having no intrinsic worth. Fine art, for example. People don't buy a Van Gogh because it's a good painting, but because it's a good investment.

So is Bitcoin a better store of value than gold? Well the answer is that it depends on what people want to do with a store of value item. If all they want to do is lock it in a vault, then gold is probably good enough. But if they actually want to use it, to transfer it, and to be 100% confident in the maximum possible supply, then Bitcoin is far far superior. All that remains, however difficult that might be, is for this to become the consensus opinion.

Can human create a bar of pure gold? If does, I will believe that gold can exists 1000 years or so. So far, I did hear any news saying that we can be able to form it. You can dig the earth up to its mantle until you find a gold. Well, scientifically, the existing of gold is likely because of the supernova billion years ago. Bitcoin is intangible, it is pure digital and made by computers complex equations with bits and bytes. Technically, it is made by people and until there are people the existence of bitcoin will not die. You think which currency will lasts?

Bitcoin is an innovative tool perfect for our modern advanced technology. It is  very useful for our day to day life if it gets adopted worldwide while gold does not really do anything and we don't  really need it and it's only precious because of its structure. Gold is just there to symbolize it's holder's status in our society. While the internet and bitcoin exist to ease life to the fullest.

I think you are too idolizing bitcoin, agreeing that bitcoin is a very useful product to help us get good income, but it is not a perfect product, it still has great risks, many people are still losing money in bitcoin even many big investors have pushed others into bankruptcy when they control the price of bitcoin too closely. While gold may not do so much for us, it is just a product that honors nobility but at least, it does not bring too much risk, and the value of gold actually increases steadily over time, in the long run, what's better, it's still a difficult question to answer

The OP is being really unfair to gold, it is true that the price of one bitcoin is superior to one oz of gold but if we compare the market caps of both of them we can clearly see that the market cap of gold is many times bigger than the market cap of bitcoin and that is without taking into account that there is a huge amount of money spent by governments to reduce the price of gold.

While I believe bitcoin is superior to gold we cannot underestimate gold, gold has been around for thousand of years and people know that no matter what happens it will continue to have value for a very long time and in a time of crisis you can be sure that people will flock to gold first trying to find a way to save the little money they have.

You can not compare both gold and bitcoin, they do not have any thing in common, gold is a physical valuable, while bitcoin is a digital asset and Bitcoin has achieved more value in 10 years than gold in 1000 years.

it cannot be interrelated because technological differences are very striking, I mean here is a greater economic flow because it is supported by currently available technology, but gold remains the main thing because physical factors have high value, while bitcoin will still go up and down by so much debate.

But if you talk about potential economic alternatives that continue to grow, bitcoin will move faster, and if evolution does not experience controversy that is deadlocked it will become a rocket that can no longer be prevented.

This is false, and a lot of misinformation is your post. You say gold has no intrinsic value, this is false.  Gold is the best conductor of electricity and to proof it has intrinsic value let me show you something.

Fiat also has intrinsic value, since when it go's to zero you can use it to keep you warm at night or use it to wipe your ass. Thus at zero you can extract value which is it's intrinsic value.

Gold at Zero you can use it's electricity conducting properties or wear it as jewelry or store it for hundreds of years and its properties will never change. This is intrinsic value because at zero I can still extract value from it!

Digital fiat ( AKA Bitcoin) at zero has no intrinsic value because at zero you won't be able to do anything with it, so digital fiat has less intrinsic value than fiat!.

Don't be fooled by these clowns people, they lack common sense and logic!

The logic behind the OP is laughable. Before silver coins were minted 2,000 years ago, iron spits were used as a form of money in Greece. Now are you going to say that iron has existed as a form of money for 2,000 years and Bitcoin has existed only for 10 years? IMO, the duration is of little relevance here. On a technological viewpoint, Bitcoin is the most advanced form of money.

Bitcoin has never been money. Until goods and services are paid and accepted in bitcoin and loans are made in bitcoin terms it is not money.

The limited supply of gold made it an interesting asset over history. Just the technology is advancing and many keep forgetting that.
We are getting closer and closer to the point such resources will be mined from other places (outer space) or various methods for easier mining/retrieving the gold from Earth can be also invented, making gold scarcity not a reliable property.

Instead something unnatural, something ensured by math to be in limited supply will remain in limited supply.
When Bitcoin history will become as long as gold's, I guess that gold will be no longer (by far) a reserve asset. And Bitcoin price? Well, sky is the limit.

I think you will be crying later, a sucker is born everyday!

Apologies, I'll correct that: gold has very little intrinsic value.

Yes it has some use in electronics, and probably other areas as well. But this isn't the reason that gold has a high price. I think my point still stands.
People buy gold, but the main reason for this is not that they want to use it in electronic circuits. That's nonsense. I mean, why were people buying gold hundreds of years ago?

Gold is valuable because people agree that it is valuable, that's it, that's the main source of its value.

Of course, there's a possibility for that.
But did you consider the other side of the medal? What if it'll be you the one crying?
I mean, long ago a guy called Darwin has shown that over time adaptation is crucial. And you may not want to adapt...

I think the value of BTC comes from the network. The more people contribute to the network, the more people believe the system, the more people trust the token economy, the network gets stronger. A strong network is a source of BTC's value. I think this is the difference between gold and BTC. Since the value of gold comes from the gold itself and the people who believe the value of gold.

Gold and BTC, these are totally different things and i think this comparison isn’t healthy enough.
But still it’s true that people really see BTC as the digital gold. In time we’ll see the price growth.

How many kilograms are you tall?
Jee, I don't know ... how many meters are you old?
 :)

I'll add this: Instead of comparing how long gold and Bitcoin exist as money, why don't we compare how widespread is their acceptance as money today?

Gold today, in its different forms (jewel, coins, bars etc.) is recognised as money by around 100% of the world population.

Bitcoin: end of March 2019 there were 35 million Blockchain wallets.
Even if all of them have Bitcoins...
even if each wallet belongs to a different person...
even if each Bitcoin owner considers Bitcoin a money, and not just a gambling or investing vehicle...
... that's 0,5% or the world population.

Gold acceptance as money: 100%
Bitcoin acceptance as money: 0,5%

We have to see bitcoin as the important thing with our current technology, and we know that gold is just a gold with value and it can’t do anything with regards to technology. Gold will exist forever as long as we have the land to dig but with technology it will continue to grow over years and bitcoin will continue to follow that trend until it become more expensive.

What we see between gold and bitcoin in terms of existence has a big difference. Gold even after such a big volume into usage the growth it has attained is small with comparison to the year of existence and the growth attained by bitcoin. This shows the potential between technology based growth and the common metal value. However the longest of survival provides the trust while the short term survival provides with profiting.

Why people still like to compare gold and bitcoin will stay enigma for me. It was interesting in the beginning, but now it`s boring, cause these two can`t be compared. Gold is a rock, bitcoin is entire network that connects whole world. This is evolution of money, denying it will not lead us anywhere, compare it with past has no sense cause crypto is something totally different from everything we had.

Right. The price of bitcoin and other cryptocurrencies is based on trust and demand for them. If trust falls, the cryptocurrency price will instantly fall. With gold, this can not happen. Its value is not based on trust. In itself, gold is also a valuable metal, which is used precisely as a metal in industry, electronics, jewelry and other areas of our life.
On this basis, gold and cryptocurrency are completely incompatible with each other.

Quality is greater than Quantity.
If bitcoin compared to gold, quality asset can be seen in bitcoin. There are many things that we can use using bitcoin transaction. However, gold is also quality asset. But because it is precious, only few people can afford to buy gold. That is their difference. Because we can be bought by the use of bitcoin. We can send and receive bitcoin wherever we are. Unlike with, the primary usage is for collecting and to have a good class to the people.

Gold and bitcoin is different currency to compare. Gold is a currency for safe-haven to protect economy from inflation, so people around world trusted with gold than bitcoin. Gold can exist till forever i guess, cause in every country need gold. Its different with bitcoin that just can be use to make profit by trade at the market, also bitcoin isn't only one currency that can be traded.

Big rise in gold recently in almost any currency but utility and convenience says both crypto and gold will continue on separate paths, covering different objectives and audiences

https://i.imgur.com/CPn242v.png

Crypto will always have a use beyond gold as it is not tied to the physical and people who are global citizens with skills usable in any country will want to be part of that wealth able to used anywhere even without perfect personal freedom.
   GOld carries with it a security risk and requirement for some personal freedom to at least be able to own possessions.    Both have uses to them that will continue a decade into the future or more I think.    Gold is more central and a counter to FIAT debt and crypto is more transaction and free use, its value may vary but it is always liquid.   Both should very useful for common people, which means both do well I think

Yeah, I saw that this week. Now think about this:
Several countries have been buying gold massively the past years/months, (Russia, China, or Germany requesting to get back its gold stocked in France, or Italy trying too) even the IFM. Right?
https://sputniknews.com/business/201903301073683758-russia-gold-buy-up-continues/
https://www.bloomberg.com/news/articles/2019-06-10/china-snaps-up-more-gold-in-six-month-spree-as-tensions-escalate

Now read this quote from Mark Mobius

(Source, not in EN, sorry) (https://fr.sputniknews.com/economie/201907051041601447-sept-semaines-de-croissance-une-rare-dynamique-du-prix-de-lor-enregistree/)

This is so true, and that's why gold will probably continue to increase shortly :P

Gold is not a rock fool, it is a metal LOL. You do realize it is actually impossible for bitcoin to exist without gold right? You seem like someone that's onm the verge of losing a lot of money due to not understanding what your talking about.

I don't understand the people going all in on bitcoin, doesn't make sense unless you are a high risk gambler.  Gold usually doesn't outperform stocks but it is a good hedge in case of a crash.  On a side note, don't forget that more gold gets mined every year so it is not really deflationary.

You are 100% right.
That's why, if we want to compare Bitcoin and Gold, it makes only sense if we compare Bitcoin with gold-backed cryptocoins

I think that this is not the way to treat Bitcoin and gold, comparing them and getting biased results.  As an example, I can say a few words in order to understand what I am talking about.  In our world in some countries there is a huge problem with water and food.  People do not have what to drink and what to eat.  In those countries, these products are worth their weight in gold, and in our country, for example, water costs a penny.

That's right, gold has been around for quite a long time and even now I don't know for sure when the gold was found and this is back to bitcoin which is still very new but even though bitcon is more expensive than gold but also more risky than gold, bitcoin has a price  which is very volatile so that it is difficult to be accepted by most people but gold is more stable and much in demand by most people

There's always this comparison between gold and bitcoin, whether bitcoin is better than gold as a storage of value, that bitcoin will be the future currency and that it will replace fiat like how fiat replaced gold and blahblahblah. Can't you just people stop comparing gold and bitcoin, or any other things to bitcoin. Bitcoin is different from gold in its own better way just like how gold differs from bitcoin in its own better way.

Gold has been used and still in used as a store of value for thousands of years until now.  And during those years, it has proven to us that it will never be out in the options as a store of value just like what we see bitcoin is now. Although technology is upgrading as well as bitcoins popularity gains more attention, that doesn't mean that bitcoin will ever replace gold. There will always be some people who will see gold's potential as a better choice than bitcoin, because these two things have different works and value. Let's accept that fact and stop comparing two things not worth comparing.

Gold exists as a value and means of payment for more than several millennia, and Bitcoin is only ten years old. Gold will exist throughout the development of mankind. With regard to Bitcoin, there is no such certainty. How long can a cryptocurrency exist, probably, the next generations will be able to say. Cryptocurrency has its merits and its shortcomings and in this regard, it is contradictory perceived by the states.

It doesn't matter if Gold existed for thousands of years. Comparing those two (Bitcoin and Gold) are far different from each other. The special ability of bitcoin is unique as it wasn't physical unlike gold. And the value of gold is not as same as bitcoin. It is better if we just focus on investment which we like the most. As for me, bitcoin gave me profitable results in my journey here since last year.

During the past few years, gold has seen a decline in interest from the investors. Gold imports have decreased in the two largest markets (India and China) and the prices haven't moved much despite the drop in South African mine production. IMO, the next bull rally for gold may happen only if a major global financial crisis occurs. And the chances of something like that happening looks very remote as of now. And gold is no longer the preferred "safe heaven investment". That honor has gone to the United States Treasury Bonds.

in this case building community trust is an obstacle, especially the government. gold is trusted by all people in the world as valuables, while bitcoin is only 10 years old, and there are still minimal users. but we can see the achievement of bitcoin so far, which makes it valuable in the eyes of bitcoiners. with advanced technology, bitcoin is analogous to digital gold later

the development of Bitcoin will be more powerful then the gold that's why it will be more popular in very quick time but I think the stability from the gold will not here in the Bitcoin investment that is the only e defect from the side of Bitcoin

ya time is the real reason that decide is bitcoin really wroth or it will be useless in the future . And the human resource that will decide it will they adopt bitcoin system for future payment nor it will be cashless sociecity . we can just wait and try to spread bitcoin to more people

Both are different things and trust me shouldn't be compared at the same time.

Gold is something that is more of a jewelry choice .
Bitcoins is something that is more or so like the choice of investors and it's very different .
They both are poles apart and doesn't mean if something was discovered first , it's more valuable.
Just take for example gold and platinum...

We are living in a technology where everything is fast paced and the world looks small now more than ever, and Bitcoin helps us to be connected and united, that is why the value is more than the value of gold, we have a gold rush in Bitcoin.

Gold is for holding many years, Bitcoin is to transact in minutes with lower spreads.   These two events in a person financial history are not comparing and the two assets are not close in competing.   The only reason the prices are likely to head in the same direction always is that dollar is a denominator in the price and also a monetary alternative to gold or Bitcoin.


I'am certain both gold and Bitcoin will grow as both receive more regular usage, neither will stop the other from being used even simultaneously and Gold will never have the tiny costs that Bitcoin can bring to people dealing tiny amounts.


With Gold I must trust in a vault somewhere with human error to keep a correct account, I must believe the government of that area do not try to seize my gold and declare it theirs to keep.   I have risks physically and centralised to reliance on trust of that system.  There any many books of account kept that register my holding but I will never see, I must keep blind faith the accounting will be good and true.
     With Bitcoin Im relieved of my physical trust problem, its confirmed by many equal partners in a network spread around the world.    I only have to rely on an open circle of reliance by all involved in the network to have an ongoing belief and mutual reliance on each other to maintain integrity, the breaking of trust by one or even a few does diminish this asset.    This is possibly the first time in history this has ever been possible, Bitcoin in unique and peerless in its level of security vs any technological threat hence the price it commands.

Compared to now where massive amounts of FIAT far in excess of GDP growth are being produced, gold is quite different.   I think the benchmark because GDP is unreliable and prone to politics, is to look at population growth.   If we could measure gold in the world per person that might be the measure of whether its inflationary or deflationary or by some magical means perfectly balanced.   
    Prices will fall when measured in gold I think, we dont have enough growth overall and there is alot of waste still occurring that could be avoided and obviously society is not always productive.   I certainly expect gold is keep rising every decade because of continuing weakness and debt based spending, again this isnt productive enterprise or competitive and efficient like economies should be so its unlikely we see the rise of value in various nations currencies in comparison. 

Mankind has been using gold for more than one thousand years and will still use it for a very long time. Compared to gold, cryptocurrency exists only a few moments. Moreover, it is used so far by a very small number of the population of our planet. Therefore, it is too early to compare these two financial assets. We do not yet know how cryptocurrency will behave in the future. There are great hopes, but only time will tell how much they will be justified.

both are just backed by supply and demand, Gold have limited supply same with bitcoin. those two are great assets no need to compare it I think. Let's just accept that bitcoin and gold are two great asset, but in this today's world bitcoin is inline with technology so I think using bitcoin is more applicable in our today's society.

Gold may be old fashioned. But it is still very effective as a store of value. You can compare the United States Dollar with gold. During the past 100 years, the purchasing power of USD has declined by more than 97%. On the other hand, the purchasing power of gold has remained stable during all these years and it is still being used by billions of individuals around the world to store their savings.

You can't compare the value of bitcoin to that of gold.
Price depends upon supply and demand. Gold is might be limited but not to the level of Bitcoin. There are only 21 million Bitcoin which means it has inbuilt deflation and it will remain the same and hence, the price growth.
Added to that BTC is also a currency which enables real-time fund transfer. Gold has on the other hand, has totally different use case. They are not comparable at all.
Regarding Bitcoin price sky rocketing, it is still in its infancy stage. There's a lot of potential still lying.

Some people want it physically, some don't. I think it's a matter of preference. Gold can also be used in the products the we use on a daily basis. No one can predict what will happen to bitcoin in the upcoming years but I do believe that it is worth investing for.

They have already said it, Bitcoin cannot be compared to gold, gold has a very large history, it represents the solution for countries in crisis, it is very valuable in wars, in ancient times it was the only form of payment, it has many advantages and it is taken into account as one of the biggest guarantees in an economy, bitcoin, it is with blockchain based technology and its concept is totally different.

The only thing that both seem to be is that they represent money, and the advantage of Bitcoin over gold is that it can be easily transferable from one place to anywhere in the world in seconds and its transaction tax is not so high, instead of gold if You must have permits and pay high taxes for your transfer from one place to another.

Bitcoin at the moment isn't still widely accepted by everyone as a means of payment or regards it as the same level as Gold, mostly people feel that way because it's not tangible and others because they are technologically savvy to grasp the whole thing but with this current generation,  I believe that Bitcoins has paved the way for the crypto revolution and it has come to stay since this generation who are the future have accepted it.

the world won't come back to the gold standard. because that would supposed to kick off current top5 countries off their places. gold can't be printed as dollars or euros.
and that means us and eurozone can not inflate their fiat base and GDP. 
us never let the control go

Empires have risen and fallen before.   Go back a hundred years ago and it was the British empire, the largest that ever existed and to trade internationally every bank made sure to hold Sterling currency as payment for goods traded.    This idea is foreign to us now as the world has changed so much, UK has not disappeared but its far away from the defacto world currency that it once was at its peak empire expansion.  The amount of sterling held globally now is maybe 7% or less compared to US dollar which can be over 50% or completely duplicated at 100% by some banks in a fixed ratio.
    We are at a peak for the current system and it will change radically and as you say above the top countries in trading purchasing power are very likely to change.   Gold in respect of that will likely not change especially, it has never disappeared and behind every FIAT currency was always at least some gold as backing for the notes issued.  
    We used to keep far more rigid standards globally because of the fear of collapsed economies, failed trade and starving populations out of work and unable to restart economic progress necessary to feed the many poor every country has.  If are wondering how gold changes now it doesnt, all that changes is the price reflected in the value we respect gold by.   At present debt and notes are valued highly, that will change as gold is more often used in great proportion for trade as too alternatives like crypto or competing FIAT currency to the US dollar debt, some FIAT is backed by actual assets not promises made.

I partially agree with this opinion. Bitcoin is the technology of the future and it has advanced so much in just 10 years. Bitcoin also seems to be more advantageous than gold with its untraceable and many other features. If one day more advanced technology than the blockchain does not emerge, bitcoin is the currency of the future.

 I don"t see to much sense to compering gold price to bitcoin price.Talking about bitcoin replacing gold is the same like bitcoin is replacing fiat money.If anybody think that Central Banks will buy bitcoin and hold bitcoin like a his reserve that he is wrong.Enough to remember dump from 20K to 3K
There are also some question to be answered.What after last bitcoin will be mined
I also think and i also wants bitcoin to be alternative not any  replacement .If you want bitcoin to be included in current financial system then be ready for very hard regulations

1000+ years? wooowww... where do you think gold came from?  ;D
gold has been here forever and humans use it since who knows when... well, the discussion about why we value gold above almost everything is another thing...
The point is, you can't compare two completly different things... we can speak about unit of measurement, máx. supply, etc, etc

I don't think we should compare gold and bitcoin, it is two completely different things. Gold is a proven and effective investment. And of course the gold market is regulated, while cryptocurrencies still have problems with adoption.

LOL... the OP should have rather rephrased his statement as "gold has been used as an asset by the humans for 1,000+ years" rather than saying that "gold has existed for 1,000 years". Because gold has existed ever since the formation of our planet (4.54 billion years ago). So you can compare them like this: gold has been used as currency for the past 2,700 years (first records in BC 700), fiat currency has been in use since BC 600 (2,600 years ago in Lydia), and Bitcoin is in existence for the last 10 years.

Gold is on another level of standards compared to bitcoins, but
if your talking about investments I think with todays available
options both are almost on par. Gold will continue to exist and
flourish more in the years to come as it has always did. I think
Bitcoin will exist and grow in the coming years, it has a lot to
prove and we’ve all been witnesses to it’s lucrative potential all
around. The last 10 years has been quite an interesting ride for
bitcoins, the next might be intriguing and surprising.

Today bitcoin have pass more than four years will be could raised to 10 years? Gold could exist forever but bitcoin depend on how demand and supply for transaction of bitcoin, when many investor have tired with bitcoin always lower price maybe bitcoin season have ended and investor return to gold investment.

The idea of making this system as a good asset for investment attracts more people to join and participate, most of the people who are working here treat Bitcoin as a good investment for both long and short term trades.

The numbers of years that Bitcoin exist showed the potential that it will have much better value after some years more.

Any comparison between gold and Bitcoin is unnecessary at this point. You can't even compare gold (which is having a market cap of around $8 trillion) with a relatively new asset such as Bitcoin (market cap of around $140 billion). Even at its peak (December 2017), the market capitalization of Bitcoin was less than 4% of that of gold. Some of the users are now comparing price of one BTC with one oz. of gold. Nothing can be farther from the truth, because the units used are not the same. One coin is not the same as one oz, as the first one is a digital asset and the second one is a physical asset. The only metric that we can compare is the market cap, and gold is far ahead in this regard.

Well this is a bullshit comparison not because Gold is a better asset or bitcoin is a better asset or they are equal. This is something about the purchasing power parity. I mean to say the cost inflation index determines the value of any currency. Value of most of the things is determined by demand and supply with respect to general price levels in the economy. So for example, Gold once was worth $10-20 while any new invention today say if we develop a new type of calculator would not cost more than $10. So can you make a comparison between Gold & Calculator? NO because the calculator even if it didn't existed back then when gold was $10 it's value back then can be determined using simple economics and price Levels. So bitcoin too if is priced at $8k today it means it has discounted the price of more than 1000 years within it. If it would have been found 10 years earlier it would have never been $8k then. That's how economics works.

Size would go to dollars and the debt markets there overall but we arent trying to gain the largest players in the market, I dont see thats the objective of Bitcoin.   The sign of success for BTC will be serving the smallest interests, of which there are 7 billion people of course and ultimately its a far more important market audience.
   The only real way to gain the smallest 'bits' of an economy is by efficiency and utility.  BTC size might help in some regards but its secondary to the underlying purpose of achieving an easily exchangeable secured and independent digital currency globally.   There are digital currencies already but they are reliant on one company quite often so not secure longer term.

yes of course we can't consider it a moment because we were born in an era that began to advance
but we cannot compare with gold as a whole and this is quite different

I understand your opinion that as bitcoin will thrive in the future compared to other asset classes, gold is an example. But the funny thing is that your comparison is lame because these two units are completely different, they are different in structure and form. In addition, no matter how strong the value of bitcoin will grow in the future, gold always has a significant value, gold is made for jewelry or computer components, bitcoin is just a cryptocurrency and a system, a great system (blockchain). In the future I don't know if bitcoin will continue to grow much but investing in cryptocurrencies is a good choice.

The comparison of bitcoin with gold is just like comparing air with water. Both have their own benefits and shortcomings. We cannot give one investment complete edge over other. If gold has been there for centuries, bitcoin has produced more benefit in short time which gold market has never touched. But some people consider gold safer. All have their own perks.

we cannot compare bitcoin with gold because they are very different. gold is a precious metal. and this precious metal has been found thousands of years ago. perhaps there will not be any concrete data on what year gold was found because since ancient times gold has been used as a symbol of greatness and prosperity. and new bitcoin emerged in 2009 as a breakthrough and new way in the financial system. many people equate bitcoin as digital gold because both (gold and bitcoin) can be used as an investment tool.

Time will never the basis for someone to determine the value of something, gold do exist a long time ago and bitcoin was just created and released in the year 2009, but we can't hide the fact that even with that short amount period of time, bitcoin is more expensive and valuable than gold, gold is old and bitcoin is the new trend for this new age where we are. Bitcoin have the advantages because it have technology unlike gold that don't have.

The chances of bitcoin being successful and making our dreams come true with it is expected like sunsets and sunrise, maybe gold will not lose its value, but bitcoin could surpass gold even million times.

There are many differences between gold and Bitcoin. BTC is a cryptocurrency and a digital asset, while gold is, basically, a physical asset, not a currency. So it is obvious that the usability of BTC is, in theory at least, larger than gold, despite that people around the world still trust gold more than any cryptocurrency. But I agree that BTC value is going to rise with time.

if the supply doesn't change I'm sure Bitcoin will be in line with gold, time has already answered, bitcoin from $ 1 to $ 16000 in just a few years,
and now experiencing correction is very reasonable, hopefully bitcoin will still be there for the next 100 years  ;D

Gold have limited supply and could be exist more than 100 years but how with bitcoin have limited supply will be exist for long time than gold? bitcoin have pass about five years with price keep growing up but when got bad news bitcoin never could protect become stable coin, price of bitcoin always dump lower 40% after many bad news like hacked exchange, banned crypto in some country. For gold like stable price year by year never down more than 10%.

Bitcoin is the digital form of assets like gold or diamond. A century is nothing in front of bitcoin popularity, I am sure it is going to last forever until and unless world has access to internet. World is moving towards smart cities, then how can we think smart currencies will disappear? Bitcoin will be inherited by people in nearby future as an asset.

Actually we can't compare these two assets because the first bitcoin is a better asset for online systems while gold as a physical asset. There are some places where bitcoin cannot be acknowledged due to lack of facilities to access this technology unlike gold, it can be sell wherever place you are. On the other hand, there are places where bitcoin is much appreciated than gold. Simply, it implies that they have their own advantages so it cannot be compared. We are evolving day by day bitcoin could surpass gold and maybe sometimes there will be a new innovation that will exceed bitcoin and that is the rule of technology.

Gold invest by many people and bitcoin only invest by some one know with bitcoin, population of bitcoin investment only 0.5% for each country in the world and for gold more than 40% people save and make gold as their investment, Bank use gold as investment too because gold less risk with lower price than use bitcoin with big risk price down, inside with many people do not know whit bitcoin investment less education how to invest with crypto.

Gold can exist more than 1000 years, while bitcoin exist ten years? I think bitcoin digital currency payment when many companies adopt bitcoin while make bitcoin exist more than ten year, if many company have left and bitcoin price down just take few years later, gold is investment kinds have limited supply always use by investor, bank and many companies become gold as collection or investment assets can be exist more than 1000 years.

That's because Bitcoin is still young while gold has been around for thousands of years ago, so people's knowledge about gold is good enough, while for Bitcoin there are still many people Who do not know very well about the world of cryptocurrency, so people prefer to save their assets in gold.

I am waiting to see what might happen when all the 21M bitcoins that satoshi created gets finished only then we will know whether bitcoins can stand the test of time.  I wonder what the miners who are very much integral to bitcoin network do, will they jump to mining another coin?

Abosolutely correct! Gold has proven it's usage thousand years ago that is why people acknowledge it but on the other hand Bitcoin is still on it's early stage wherein people who doesn't know anything about it are still discovering it's uses and value. It could take a lot of years for the mass adoption but the good part of it, is we got exposed already in Bitcoin that we could use as advantage in the future when Bitcoin's worth is fully realize across the globe.

Comparing inherently two different things with gold and bitcoin but i do see value in your prediction. Bitcoin surely has potential to change the world and that is why it has value and will continue to increase in value. Mass adoption is growing steadily year by year while supply is decreasing slowly over time.

It's no surprise if we hit a new all time high with the upcoming halvening.

LOL.. really?

The last coins will be mined sometime in 2140 (as per the current algorithm). That is more that 120 years from now, and I don't know whether you really want to wait for that long. If you want to know whether Bitcoin will be used by the majority of the world population, then you may have to wait for another 5-10 years max. By then the future of Bitcoin will be clear.

BTW, I don't really think that Bitcoin will survive up to 2140. 120 years is too long for a digital asset. For comparison, internet is less than 3 decades old. Until 1998, Google was not online. Technology is fast changing and you don't know what to expect after just 2-3 years. New technologies and innovations are revealed with every passing day. Sometime in the future, some technological innovation will be invented, which has the capability to replace BTC.

They charge fees for transactions, thats the incentive for mining.  I presume it will equalise between the cost and amount the market is willing to pay to pass each transaction.   It seems to be mostly decided by time to process that secure transaction so far.  I usually dont care how long it takes really, but people who want it in a few minutes will be the ones that really decide how much is it worth paying.
   There is some argument that the kind of bidding process that decides fees isnt live enough, its too much of a guessing game because it might have to wait till the next block if it doesnt quite get enough.  Ideally we'd have a few ways to decide the fee, I dont really need weapons grade security for my coffee purchase.   We surely can have a way to pay small amounts quite quickly and it doesnt matter, thats where I see progress as making the most difference not the giant things but the tiny things for the many small people and small transactions.

What you're saying is true since we do not know how long bitcoin will survive and there is the possibility that someone in the future is going to create something better than bitcoin, but you must also remember that bitcoin is a form of money, and money regardless of its form requires trust from the people, and in the case that a new coin was developed that was many times better than bitcoin that doesn't necessarily mean that bitcoin will disappear because people will still trust it.

Gold have been payment way for dinar and dirham coin last one hundred years and now gold still exist become investment assets, gold never get inflation and back to lower price make many people like for investing money in gold. Bitcoin maybe can exist for ten years but how bitcoin price growing up, if bitcoin always lower price many investor left bitcoin and back to invest with gold and property investment.

gold has indeed existed since ancient times and until now gold has remained a good store of value. because the value of gold tends to be stable and always increases every year. but we can't equate bitcoin with gold as they are different. gold can only be used to store value but cannot be used as a means of payment. bitcoin can be used to store values and also as a means of payment. the value of gold is stable while the value of bitcoin is very volatile. of course as a bitcoin investment tool better than gold.

Absolutely. Gold exist a very long time ago. Even in 10000BC gold already exist and still exist until now. I think it's hard for bitcoin to reach gold since its values are volatile so it may rise or fall from time to time and 10 years' existence is not enough. Rather than gold that you can really assure to have a better profit in a long period of time because it is already proven and tested.

But why choosing among them, instead invest them all because they are all valuable stuff and they can make as your asset. Invest now and wait at the right time they will turn in to expensive.

The point here is best understood while standing on your head, we all view things the wrong way round.   The gold is an inert piece of metal, its quite rare and has specialised properties to it that in a majority match a good use as money, its fungible and reliable.    The point I'm making is the properties of gold are constant, the price is secondary.
   When gold price rises, it is the FIAT money losing value and every year they make more paper notes and every year the gold stays about the same as it was previously just inert solid metal and limited supply.   Any amount of gold mined about matches the world population growth and we do have business growth and so there is a steady demand to store value, wealth earnt is desirable to retain overnight while we sleep and rest and in exchange across nations, over years until retirement and so on.
  The comparison to Bitcoin would be again I would point to its uses not this price we are obsessed with, price is secondary and we will always be chasing our tails to guess its movement.

Bitcoin can be used as a mean of payment though, people in the ancient times are using gold to pay things like in saudi arabia in the ancient times. but now it's not effective anymore but it's still a good way to store value with its low volatility but it still has the volatility.
there are even some cryptos that are backed up by gold so it means that it can also be used to backup crypto so that you can use it for paying things. THe fact that it is a rare mineral will make it an even better payment system than plain paper money. but ofcourse if we compare the efficiency to digital payment it will lose.

Gold have exist in long time but bitcoin just show to public last than four years, many people still do not know with bitcoin and only know with gold, but you can said gold is better than bitcoin because how bitcoin revolution price very year.

Gold is said to be existing since 1320 B.C. Its value and longing for the same has not come down. As decades passed by, value to it has really increased. Even now, its suggested to be the best asset to hold. Yes Bitcoin, from the time (2009) it exists, it has created a demand for its own need and now many here do safer to have their assets as Bitcoin. However, Gold value would remain still as Bitcoin value is volatile.

It really depends on the investors if they want an aggressive type of investment or they want a slow moving investment or a moderate risk investment. For some investors, gold is boring because of its slow phase while bitcoin is a great investment because it is volatile and they can really make money in a short period of time. In my opinion, bitcoin is better than gold because it is advanced and it has a bigger potential compare to gold since gold just a metal.

You shouldn't equate gold and bitcoin. gold is an object made of metal which currently cannot be used as a means of payment. while bitcoin is a digital currency that can be used as a transaction tool anywhere and is very efficient, using existing technology and the internet. in my opinion you are not wise to equate bitcoin with gold, because there must be many differences between the two from any side. maybe the equation is just that, bitcoin and gold are valuable things that have value.

Both of them are not at all comparable. Gold exists eternally, it's a part of the universe and our current technologies are somehow dependent on it. Whereas the existence of BTC is totally virtual. So the future of the existence of bitcoin will totally depend on demand and the acceptance of us. And if the demand/acceptance of the BTC increases(or at least not decrease ) in the future the price of the BTC will keep rising due to the algorithmic design, which made the total number of circulation of BTC, a finite number.

Its different factors that drives demand of every different assets, The gold purely overhyped by the government for many centuries ago believed to be a safe haven for economic uncertainty. Bitcoin's demand is driven by by the public who are willing to escape the financial oppression.

Just so you guys know, there are no contest about bitcoin vs. gold, or fiat, it is just happens that bitcoin get on their nerves, so people began comparing it to one another, even though there are nothing beyond these immature arguments. Bitcoin was created not to embarrass the Government or other assets we have during the old days, the Government just took it to personal and concluded things about it, in the wrong way.

The only motive that Satoshi Nakamoto for creating bitcoin is to help all of us with his very wonderful creation that functions without any commands of someone who controls it, we're just too sensitive and scared to embrace such gorgeous technology.

of course, gold and bitcoin are different. bitcoin is only available at the moment and hasn't been there for a long time, even gold is also older than fiat money. in terms of price, gold is also inferior to some current technology. Well, I just feel that comparing the heyday of gold with bitcoin is quite strange. however gold still exists and is needed to this day.

I agree with you. Gold, besides having an added value due to its rarity, still has several purposes in medicine, technology and mechanics and etc. (what sets it apart from btc). Moreover it is finite so probably in the near future the price of this could rise staggeringly.

Gold and bitcoin investment instruments are different. I use gold to protect my wealth from inflation and to invest in cryptocurrency my goal is profit. I invest in bitcoin in particular to get profit later when it meets the target I want. this is my opinion regarding gold investment and bitcoin

The price of gold will surely rise during the next decades, however while gold its rare there are still many sources of it at the ocean that could contain huge quantities of it and another drawback of gold compared to bitcoin is that we do not know how big those sources are while in bitcoin we know exactly how many coins are still left to be mined and even more importantly we have a very close idea of when those coins will be mined and that is a great advantage bitcoin has over gold.

in my opinion we cannot compare the two. because gold and bitcoin are different. gold has long been known as a store of good value. and bitcon is digital money that has high fluctuations. because of this fluctuation bitcoin is an investment tool. gold can also be an investment tool but an increase in the value of gold will not be possible to rival the increase in bitcoin. so that bitcoin investment is better than gold.

Indeed. We should not compare precious metals like gold and silver to bitcoin. We all know that both of them are useful for investment and valuable, but they have a big difference because gold is tangible and commodity, while bitcoin is a virtual currency and a bit more elusive.

Correct buddy, Because they are in different aspect. Gold is a physical asset that can be stored and sell in the whole world, you need first to know where country should be sell that, while bitcoin is not yet introduce in the whole world and also it is not yet legal in other country. They both have a great value and good for investment.

This is the mistake that is being made by so many people around here. Earlier I had seen a thread, where the OP was claiming that gold has been overtaken by Bitcoin. The justification given by him was laughable. He was claiming that 1 Bitcoin is now worth more than 1 ounce of gold and this shows that now Bitcoin is now more valuable than gold.

And how can we make comparison like that? 1 oz of gold is not equal to one Bitcoin. Both are entirely different units. For making comparison, you can't use two different units for two different assets. If you really want to compare gold with Bitcoin, then you should compare the market capitalization. That is the only unit which can be used for both assets. And as of now, this is how the comparison stands:

Gold: market capitalization of $8 trillion
Bitcoin: market capitalization of $173 billion

Comparing the value of Gold and Bitcoin isn't directly be possible. In my opinion, in bitcoin, we can say that they have price based on 1 BTC, but in terms of gold, there is no standard physical quantity of measure to determine how much gold will be. But going back to the topic, bitcoin do really serves as the main currency on the internet the same goes to phyisical currency, why not fiat? Because gold have a same characteristics like bitcoin that can be used in every part of the world.

Gold is a good investment because it has a store value that keep increasing over time. Bitcoin is also like that even it is only created 10 years before. There is a deflation that happening in bitcoin and it attracts other people because of its potential in the market.

Gold will always have value no matter how big crypto gets. Gold is a metal that can be shaped into anything and is also used for circuits, etc. gold can’t be destroyed where as crypto currency can be lost forever. i don't believe they are competing uses. gold is no longer used as currency, although because of its history it is still a part of central and international banking and finance as a supra-national currency, the currency of last resort, held in central banks the world over. it has gone from kinda stable domestic and global currency to insurance and final currency.

Bitcoin is analogous to gold but is supposed to be monetized and used for payments. it's supposed to actually circulate and be used. if it never achieves this i see no reason for it to stick around, particularly if another currency does achieve this. it cannot evolve into gold as it sits today as an insurance and mostly store of value only, because it lacks thousands of years of monetary history, and there's really not much of a need or use case for an electronic counterpart of gold's current use case.

Check the charts for gold, and you will find that the purchasing power of gold has remained more or less stable. It has not increased, and it has not gone down. And that is the reason why a lot of us treat gold as a store of value. On the other hand, the purchasing power of Bitcoin has increased by more than a million times ever since it was created in 2009. And in the future also, it is likely to go up, in sync with the increase in the number of users. The prices will be stabilized only when the majority of the world population starts using BTC. Until then, both the exchange rate and the purchasing power will continue to increase.

It's amazing to look back at how far Bitcoin has gone. Truly a "rags-to-riches" story if you consider how bitcoin started at $0 value and has reached $20,000. The idea behind it is simply genius and is testament to what human innovation and imagination can achieve.

It's almost for sure that in the near future more "upgrades" and enhancements to the bitcoin blockchain will drive the price/value even higher.

You can't compare how long it's been there, gold and bitcoin are in different times. You say the value of bitcoin is higher? You compare one gram of gold with 1 bitcoin, what if I go back, one gram of gold with 1 satoshi.

Bitcoin value depends on market demand, then how is the future of 1000+ bitcoin in the future? This is still a mystery. I'm sure experts will also find it difficult to predict the value of bitcoin in the next 10 years.

What you have seen till now is just a teaser. The real picture is yet to come. There was a news article published today, which claimed that there has been an 83% increase in the number of US based cryptocurrency exchange users. Despite adverse circumstances, the user-base is growing at a rapid pace. Very soon, it will convert in to higher demand and thereby higher exchange rates.

From the history of bartering to the present, we have observed that transaction tools have evolved. The millennial era with the advancement of technology gave birth to a new medium of exchange, namely bitcoin or cryptocurrency.

It is the timing now because its millennial generation is characterized by its young people being literate in digital technology. Bitcoin users have a consensus that bitcoin has value, this consensus determines the rise in value of bitcoin. Many assume that bitcoin will dominate in the future and be accepted by all parties, but in reality, the majority of governments prohibit bitcoin as a legal payment tool.

Seeing Bitcoin as an investment tool is different from seeing bitcoin as a medium of exchange. As a medium of exchange bitcoin has a blockchain facility that makes it easier for users than gold. but talk of gold safety does not need to be debated again. So comparing bitcoin with gold, it's like comparing apples with oranges.

The increases in transaction volume and the emergence of new exchanges proves that more and more people understand what bitcoin is. Because when we understand something, we invest not only speculate.

Pricedingold com is a good site for that.   Tracking the price in gold is not especially extreme a consideration, we could call it 1970 US dollars price back when it had a fix to gold and ever since then prices have drifted because dollar itself had no value known for sure but invariably the price of gold is rising every decade.   The problem people have is they dont want a price over ten years but everyday and in that respect gold is too long term for many.
   Anyone who saves a pension should have at least some gold, that logic is lost to modern society and by the time we regain that common knowledge in our society the price of gold will be far higher and maybe too many will like gold at that point when the utility and growth available in others assets is higher.

There has been a lot of FUD and negative propaganda directed against Bitcoin for the past several months. Despite that, Bitcoin managed to survive and thrive. When the exchange rates fell from $20,000 in December 2017 to $3,000 by March 2019, a lot many of the mainstream analysts were quick to predict doom for Bitcoin. But they were proved wrong (just like what happened in 2015). The mainstream media still remains openly hostile to Bitcoin, but the recent price changes prove that their stance doesn't really matter.

The data from the global cryptocurrency exchanges also confirm that interest in Bitcoin remains strong. Most of the exchanges have witnessed close to 100% increase in the number of users during the past 12 months. And this data is likely to be accurate, as almost all the exchanges have made KYC mandatory. The basics remain strong for Bitcoin. The number of users are increasing and the transaction volume is rising. What we need now is more mainstream investors in the Bitcoin domain.

It's not fair of comparing Gold with Bitcoin, you know Gold has the vast acceptability at every corner of the globe, the credibility of also gold has much bigger than Bitcoin because of having real value, gold is the most used metal since the very early age of human life. and Bitcoin is just 10years old so it still a newborn in comparison to the gold, but when you relate the price rising of both then Bitcoin has a positive sign, it's a potential much than Gold, but you can't yet reach the position where gold exists, but I believe Bitcoin will have a more value and acceptability around the world when people will realize its facts and factors.

I think that if something had value for many years, it must not necessarily be as valuable and dominate in value over everything else in the future. It is likely that digital technologies are valued higher by investors nowadays than gold, because blockchain is a very convenient development that can be useful for almost any sphere of life. Undoubtedly, gold has established itself as a very valuable resource and is indispensable in industry, medicine, jewelry and much more. But the world is developing, there are amazing discoveries and revolutionary technologies are invented, which are appreciated by people very highly. I think this is a normal process.

It is true. Maybe now it is the time of bitcoin and the price is also high according to the times I think. It's not fair to compare something different from the price alone. Gold has become an important part of human life from time to time. I am sure one day bitcoin and crypto are no longer valuable, but gold can still be very reliable.

We already know that the bitcoin is very high in terms of price than the gold and it is just for only 10 working years. We don't know when would be the bitcoin will going to sky rocket again just like what happen in the past year 2017 so we must just wait until the time that it may happen again, but the one thing  that I can assure, bitcoin will sky rocket again but we don't know yet when it would be. Because of the very fast growing of technology the crypto and blockchain technology is growing also so it can helps the bitcoin system to upgrade and grow more.

Yes, fast growing technology has a great impact on the bitcoin price and as the time goes by the technology is improving and awareness about technology has increased very fast, due to which the blockchain and crypto is growing which inturn has a benefit to bitcoin, and surely the price of bitcoin will go to sky by the coming years and this price attracted the people that is why it has more value than gold.

With the current trend - digitalization of the economy, I believe that bitcoin will only gain its relevance and will have the same historical importance in the future as gold, at least I follow the development of this story at https://neironix.io/en

Before knowing money as transaction payment, last thousand years gold become payment transaction with called dinar and dirham. People use gold for transaction like using money to buy some thing, after publish money gold become investment assets and keep exist until thousand year until now, bitcoin maybe only exist for twenty years later if price keep stable and will gone several year later if bitcoin price have down.

The comparison seems fair to me, gold is by far the best form of money we have come up with since it has all the characteristics you may want in money.

Many keep thinking that bitcoin needs to beat fiat but that is not true, bitcoin has been better than fiat since day one, we are only lacking adoption, the true measure of the success for bitcoin will be if bitcoin begins to replace gold and take away some of its functions, if that happens then bitcoin will be on its way of becoming the best currency around the world.

yes, that's the great thing about bitcoin, I think bitcoin and gold is an asset that will be beneficial if made for investment. gold may have existed centuries ago, while bitcoin only turned 10 years old. I don't think longevity is something that can be more valuable, in my opinion that can make something of value because of its benefits. I think the price of bitcoin is more expensive than gold, because bitcoin has advantages over gold. so people prefer bitcoin over gold and with all that makes bitcoin prices higher.

Gold will still exist more thousands years for sure or the life span of the gold is very long than the bitcoin and that's the fact the bitcoin is not forever or only maybe more decades still before the bitcoin gone in the crypto world but the good with that before the bitcoin gone in our world they have people who change already their lives or they become millionaire or having a lot of money.

It always comes down with the demand. The life of Bitcoin or even in general whether a product, person or a government, lies in belief, trust. As long as Bitcoin can keep up with the needs of the intended people then it would continue to foster and serve its purpose.

For it to happen, maybe we should stop treating Bitcoin as an investment alone but rather live up with its purpose i.e. spending it like what we do with the fiat. In that way, we are integrating it with our daily lives and evolve as a vital instrument in commerce.

Bitcoin is digital currency and gold only investment assets have higher value but look the same price although have pass one or two years, bitcoin become digital currency for payment transaction if adopt by some companies. Bitcoin not be payment currency because many people use bitcoin only for investment assets with save their money with gold and waiting for selling gold after raise to higher price.

If we use those numbers it means that bitcoin has 2% of the market cap of gold, and while this may seem to be low and some may be disappointed by it, this should also give to us huge hopes for the future, even if bitcoin were to just get 20% of the market capitalization of gold during the next 10 years that is still a market cap of 1.6 trillion dollars which is about 10 times the current price and a price close to 90,000 dollars which is not bad at all if you ask me.

I agree with you, this calculations should give us huge hopes for the future, it shows how much crypto can grow. We are still small part of the world economy, but we are growing fast. Just few years ago situation was different, and if anyone take a look on charts from 2010 until now can see this rise in numbers. From almost nothing to the point where we are now!
Its question of time when we will see bitcoin market cap at 1 trillion. In 2017 as I remember we were somewhere around 800 billions, in next bull run after next halving we will see bitcoin market cap crossing that magical 1 trillion market cap, and after that everything will be possible!

Gold has been a long standing store of value mainly because of traditional reasons, which can possibly change depending on political climates.

It could be diamonds, silver, crude oil, bullets or even sea shells; the current use cases of Gold are not particularly strategic to guarantee universal acceptance...

On the other hand BTC and some other crypto currencies provide a number of peerless use cases, such as the sovereign transfer of wealth between individuals without intervention by any 3rd party; thus the longevity of Bitcoin even as "digital gold" doesn't need to be less likely than that of the physical commodity.

Yes, gold can't do that , when it comes to usage, Bitcoin really has the advantage and widely use in the world as it creates a currency change system in the whole world, while gold is just like a form of investment there is no real use, just an investment that you can buy and sell but you cannot purchase any kinds of goods and services thru it.

You were saying that if the demand on bitcoin get high, it will prolong its life? is that what you were trying to say, if that is your opinion, I'm afraid I have to disagree with that, correct me instead if that is not your point.

We only have 21,000,000 bitcoin that will circulates in the market, and we already mined 85% of it, with that being said, we only have limited amount of bitcoins, even the demands of it get insanely high in the next following year and so on, we will meet the time where bitcoin have to say goodbye to use, that is the sad reality about it, we could not replenish it like natural treasures with the use of science.

Based on my opinion.
Bitcoin without the internet, there will be no value. born because of technology.
Gold, even without the internet, the value will still be there.
It would be very difficult to compare bitcoin with gold. although bitcoin has a higher value than gold, I am very sure that 8 out of 10 people who are told to choose investments will definitely prefer gold, because gold is recognized worldwide than bitcoin.
gold is more stable and the risk is low.
people who want to get money quickly, will definitely choose bitcoin but it is too risky and can at any time lose its value (everything can happen).

As far as the life span of bitcoin is concerned, it would stay longer than gold because of its usage. Gold was in the beginning was used as means of payments but now is juts limited to ornaments. In short its usage has decreased and people do not buy it commonly as an investment whereas bitcoin is high in demand and people are even using it in daily life for clearing dues. Bitcoin will stay always.

I am not sure why people are comparing bitcoin and gold but it is good to see your perception of bitcoin as you think it will not last for a long period of time and may i know the reason for you to think like that. Do you really think that people are investing in bitcoin and it is a huge market right now with all the investors thinking that it will die off in a short period of time. Bitcoin is not a quick rich scheme and this is the market to last for a long period of time and people trust the decentralized currency and so is the reason people trust bitcoin.

I think people compare bitcoin and gold because they have both make a good mark in peoples life and they are both store of value. With that been said, a lot of people in the crypto sphere join crypto in other to have their own portion of cake while they lack the main knowledge about which is what  i think happened with the above user.

I don't know about that.  Can't make a cute necklace for my girlfriend out of bitcoin.

Gold has been on the rise lately, tho.  Silver too and I'm not sure what the reason is for that.  Usually when metals start to rise, the economy is not doing so hot but I don't see that happening worldwide.  In a couple of countries it's really bad (Venezuela, Argentina, Zimbabwe) but I have a feeling that we're in for some dire economic change.  Anyone else get that sense?

It might be a decent time to buy some metals, as the prices haven't gotten too outrageous yet and they may not.  I may have to buy some of my favorite pre 1964 U.S. quarters and some silver eagles.

Or in short, it is in a matter of demand that will determine the existence of an entity such as bitcoin, gold, and fiats. But for me, Gold hasn't lose their reputation as it is not limited to ornaments. There still huge number of people who buys gold and keep its value to their vaults. While talking about the existence of both bitcoin and gold, for me, gold will stay much longer as no one will ever destroy a single piece of it and in comparison to crypto, if its technology will be compromised so bad, then its the end. Though I still believe to the power of cryptocurrency in terms of security.

Both have different characteristics. and to be compared very clearly people will choose gold. Even history proves before the existence of gold paper money is a medium of exchange used first. the journey of gold and trust is huge now. many people who have proven this gold chart tend to go up every period. But gold is actually not an investment. because its value will follow inflation and the solution to maintain wealth is with gold

gold is a physical investment.

which inflation? all the value of gold is the same throughout the world, if a country is experiencing inflation. the value of gold will remain unchanged, only the value of money in the country will change, not gold.

Agree with this. because the value will not affect any conditions. so your wealth will not be lost or significantly reduced.

  Bitcoin has dual nature i.e. it could be used both as currency when you have to clear your dues or purchase something provided the sellers are dealing bitcoin and also as an investment if you want to increase your savings many folds in short time span. As compared to investment plans of banks, bitcoin does not put you under contract rather you have complete freedom of cashing out bitcoin anytime.

It has been more than 10 years since the last economic crisis affected the world that tells me we are getting closer to another one especially since the issues that caused the previous crisis were never resolved and most countries are in an even worse shape than back then, what we do not know is what it will take to ignite it, maybe it will be the Brexit or the trade war between the US and China or maybe the price of gold skyrocketing, in any case I see the next crisis being many times more profound than the one we suffered more than one decade ago.

The economic crisis may not be avoided totally but it could be minimized with the help of crypto currencies. If you have digital assets or bitcoin particularly, you would be able to make enormous money since the surge in conventional markets will ultimately affect the prices of bitcoin making it to skyrocket hard. If majority starts using crypto currencies, we would be able to cope with crisis to much extent.

We need to stop this obsession with gold. IMO, gold and cryptocurrency are entirely different assets. Gold is not a threat or a competitor for Bitcoin (and vice-versa). I would go one step further and say that even fiat currency is not a competitor of Bitcoin. Since Bitcoin is being used as an investment asset, the real competitors are other assets such as real estate, equities.etc.

Literally, gold is good but it is not like there is no other good things. Gold is serving its own purpose. It is a jewelry Honestly, what else can we do with it. It is no more a medium of exchange, not an investment either. Bitcoin and altcoins are investments at present, helping thousands of people around the world. They are also being used as medium of exchange at some places.

  Thank god! There are people who understand that this comparison of blockchain technology coin with gold is absurd. These two types of assets have nothing in common and they could never be on same ground for comparison. If you are using bitcoin as investment asset, then go for the markets that are providing same opportunities and if you are using it as fiat, then it is sensible to compare it with fiat.

Everything with investments are speculations. For example BTC is currently at a lull. With these currency/investments IMHO it's better to have a bit of each to buffer against any sudden collapse.


I think the main thing with gold is that people throughout time BELIEVE it have value. Almost no one investing in it think of the (mostly electrical) applications.

At this point in history it's cumbersome as a currency but people still think it's "safe" and still invest in it. If ever there's a push to bring back the gold standard I think it'll be nice to have some.

Gold is valuable because people agree that it is. It's the same with an abstraction of value. Gold does have problems though, which bitcoin can solve. Bitcoin certainly has the potential to be a better store of value than gold, one more suited to our modern digital world.

Bitcoin does of course have its problems as well, not least of which being the volatility. But unlike gold, bitcoin is under development, and these problems can be overcome. Give it time, bitcoin will become the standard store of value. Bitcoin (and crypto in general) has been a phenomenal success already, but it is still early days. There is so much more to come.

The majority of people through history have agreed that gold has value because of its amazing characteristics and even to this day the characteristics of gold make it an even better currency than any fiat currency around the world, the biggest advantage that bitcoin has over gold is that it is digital, it is difficult to carry with you any big amount of gold without raising questions about it but you could carry all your bitcoin balance and no one will ever know it unless you reveal that information by yourself.

You're absolutely clueless, the fact you think "all value" is subjective is absolutely foolish. Bitcoin is a worse store of value than fiat.

And it has been the basis of the wealth of people since the beginning, and gold is really valuable as it is hard to mine it too, but let's not compare the gold over the Bitcoin because they really differs in everything, we need both of them now and in the future, so if you really aiming to invest, then better to have them both.

Gold as a value, a measure of value and a means of payment has existed for more than one thousand years, and it was likewise valued in previous human civilizations.
Bitcoin is only ten years old, we have not heard about such financial assets, so we can not say how long the cryptocurrency will exist. Even today, the high price of bitcoin is temporary. It will constantly change, and the value of gold will last forever.

This is uncertain. No one has ever said that the value of bitcoin is high since it is unregulated and updated. The price of bitcoin is now high due to the influx of many people's words, in fact it is not worth anything. When something cannot benefit society and is found to be false, it will be turned away by society. so the price of bitcoin will rise sharply but at some point it will be sold off again just like 2017. Be careful in holding, we could be in big trouble.

It is nonsense to compare these two assets because they are so different. Gold is just gold without anything behind it and it is just a rare piece of metal while bitcoin has a technology behind it and it could help the world to become better through blockchain technology. The age doesn't matter when it comes to an asset because the only thing that you should be focusing on is the value.

I really can't understand why people compare Bitcoin and gold and take them as a reference for each other.
These are completely different assets and don't have much in common except that people invest in both.
So comparing the behaviour and position in the market of these two or analysing the history of gold and Bitcoin you will achieve nothing and you will not come to any useful conclusions.

I also don't understand why bitcoin is always compared to things that are valuable or related to investments which obviously all have differences even though the goals are the same.
gold has existed since the time of our ancestors and has existed since the earth existed and the shape of gold is real and very valuable and will never run out as long as the earth exists, and bitcoin is still 10 years too far with the age of gold and bitcoin is formless but valuable and both are very profitable if you have it.

Cause people think Bitcoin is store of value just like gold that is why they are comparing them. Also, gold isn't unlimited, experts do agree that gold has a limit supply because it takes so much resource to mine and make. It is just the same with Bitcoin which is limited.

Bitcoin is primarily used for investments believe it or not. It is not surprising it is compared with things of high value such as gold since aside from it being on a different trading environment, bitcoin doesn't really have that much of a difference. But I do digress this comparison as bitcoin has it's own manner of measurement which makes it illogical to compare them with gold.

because the limited total supply of bitcoin makes Bitcoin and Gold compared, yes it's natural for these two assets to see the characteristics of both assets have a limited supply, but Bitcoin still can't be equated gold for marketcap volume seems to need more time

There is a hot issues in terms of what is more good investment between bitcoin and gold. Those two are good investment vehicle but in terms of the risks, bitcoin has more risks than gold because of the volatility of the price. Gold is a safe investment because it has low volatility and its prices is gradually increasing over time.

Agree, the comparison between gold and bitcoin appeared very early on this forum, and as many discussions broke out, we can see that this comparison does not yield any suitable answers and makes everyone happy because from many different reviews, everyone has a different basis for talking about the good and the bad between gold and bitcoin. Since then, this discussion has continued up to this point, the common point between both is too little while the difference is too much, and if we feel something is better, we should follow our choice, instead of trying to persuade others, avoid intense arguments

We all know that there is a lot of differences between bitcoin and also the gold itself. Gold is a physical aspect that we not really easily get while bitcoin it takes time and a lot of effort, hardwork and also knowledge to get plenty of that. We are expecting that the price of bitcoin is more valuable than gold because there are many people given an opportunities to have some money and become wealthy because of this system.

It's kind of illogical to compare bitcoin with gold, bitcoin is an asset and should be in the ranks of stocks, real estate, and the likes if anything. While gold is treated as a material of high value due to our ancestors implying it has high values because of it's characteristics both intrinsic and extrinsic. Moreover, bitcoin is heavily engaged with trading whereas gold is affiliated with purchase, which has a great difference

Gold is the store of value, while Bitcoin is a store of value in its speculative phase to figure out an appropriate price tag to it which might still take a few more decades. However, I enjoy the safety of Bitcoin much more. The last time to figure out if a gold coin is truly real was a pain in the ass.

 Gold having limited supply is something we are not entirely sure of, there could be gold outside our world and even outside our galaxy, there is no guarantee of the only gold in the whole universe is all on earth so there could be some outside the world we live in and as soon as asteroid mining becomes a real thing (which will take a long time) we will have gold more than we have now and could even devalue the price of gold very harshly when that happens as well. However no matter what happens bitcoin will never be over 21 million, not today, not in 50 years, not in 200 years.

I agree with your theory that bitcoin is going to explode, but I think it's not just once, but a lot of times. Gold does exist first but in bitcoin the price is higher, this is normal because bitcoin has huge swings and prices can go up and down very quickly and in big quantities. Although small amounts of gold fluctuate, fluctuations appear to be long and constant. Because of the massive swings, both are different and in bitcoin prices are higher.

Not even close to the same, once a miner mines the gold, the gold is in the world for somone to extract it's utility, however once you mine a bitcoin, you need another miner in the future to push forward existence of all already mined bitcoin.... not the case for gold LOL.

I told you noobs 2 years ago in this thread, you were going to get rekt, now pay for the lies you told and believed!

The only value a bitcoin stores is the hopes and dreams it stores and the lesson it will teach!

Gold is Money of Kings, bitcoin is poison of rats

Bought as bitcon
Lost as Bitgon
Remembered as Bitcon

Actually gold (aurum) 'arrived' Earth inside asteroids 200M years after the formation of Earth.  :D

For everyone that dont know, this is what I call as FUDing. Someone dont believe in bitcoin but keep on staying on this forum posting shit about it. If it is not a FUD then I dont know what it is. Everyone can make their own reason to stay on this forum but if you really dont believe or either hate it, you wont really stay here

even if bitcoin is more popular or expensive than gold, you cant compare btc is better than gold.
they have their own advantages and uniqueness.if BTC is at a rate of growth in value. then gold with its high liquidity.
and i guess gold still better than bitcoin.

Well, don't make useless speculations in this story, if we truly list the advantages and disadvantages of gold and bitcoin, it will be a long and endless story, survival time and development is not the reason to consider what is better, we should only look at reality, look at the results when we choose gold and bitcoin. The results we receive are the best that should be considered because we are investors, we should have professionalism, every investment will have different efficiency, the result is the top priority, instead of the comparisons

I think that it is too early to make final conclusions. We must wait for the end of the financial crisis, which is now in its initial stage. But this will take several years. And only then can we compare what actually saved your investment better, gold or bitcoin.

BTC经过十年的发展，全世界的人都基本认识了BTC的伟大了，我很赞同楼主的说法