Bitcoin Forum

Interesting article that talks about BTC vs Gold: https://cryptotradernews.com/cryptocurrency/is-bitcoin-the-new-gold/ (https://cryptotradernews.com/cryptocurrency/is-bitcoin-the-new-gold/)

Thoughts? Gold is tangible and can be used for other things other than storing value... It's also been around for a much longer time...

In summary:

1. Gold is currently better as a store of value
2. Bitcoin can be better as a store of value in the future if we reach high liquidity to significantly decrease price volatility
3. Both gold and bitcoin are both great assets, and both has their own pros and cons.

that is not a small difference to go over it that easily. comparison between gold and bitcoin is comparison between something with more than 2 thousand years of history with a 10 year old bitcoin! that is not a comparison that you should even begin to make in my opinion.

The comparison between gold and bitcoin has been discussed a lot of times and I am sure this will a topic of many for many years to come most especially if bitcoin can be reaching more than $100K and beyond. This in fact resulted into classifying the real gold as the physical gold and bitcoin as the digital gold. Of course, there are similarities and there are differences. To me, both are valuable and both can be good investment tools. In times of crisis or problems, gold can be the safe haven and the same thing can be said of bitcoin as well. People who have the money to invest are advised to go for both type of gold...the tangible one and the other which is digital.

The temptation for many to buy bitcoin is that the issue of coins is limited. It really comparable some way to gold, because when Bitcoin reaches a huge capitalization, its value can be much higher. Another plus is volatility. On gold, you can not get rich or go bankrupt, as in Bitcoin.

It's nice. If you want, you can exchange your Bitcoin to Gold and Gold to Bitcoin. See how here (https://www.smartbitcoininvestments.com/how-to-buy-gold-with-bitcoin/).

Both are value-saving assets, gold is more stable because it has been around for a long time, but bitcoin is better as a store of value and more able to provide large profits.

Gold is clearly shaped and can be used and stored for investment and sell it when it is needed, but from the obvious price of gold it can not promise much profit, in contrast to bitcoin which is a long-term investment and must often do research so that there is no great loss, but if you get a profit, it is believed that bitcoin is better than gold.

each type of investment has advantages and disadvantages. what we need to do is to choose an investment that suits our abilities. we must see the skills we have so that we can determine what we will do. investment is a way to gain a number of advantages and many ways that can be done to achieve success. gold and bitcoin are part of the investment towards success.

I still don't get it to why up until now people compare this two when they are very far from each other, Gold is simple unlike bitcoin.  I find gold more precious than bitcoin tho as it cannot just be a great asset but can also be a good  tool for passion and art.


There are actually a lot of people who got rich because of Gold therefore it can still be a good investment

There has been a long time comparison of bitcoin and gold. It has been discussed and debated for a hundred times. They have their own differences and it only depends on how we see their value. They're both great for a long term investment but they're different in appearance. They have their own unique characteristics.

Do we really have to compare these two?
Bitcoin is way different from Gold and we can't say one is better. The only thing that they have in common is they could be a great way to success.
Apart from that, we all know their differences because this has been posted in a lot of threads before.

The article was pretty generic imo, definitely not "interesting" in my eyes. There are others which have explored the topic more and are purpose driven at that.

Anyway, if this is about which is better, that would be subjective as it would depend on your purpose.

Bitcoin and gold are highly valued assets, but gold with its years of history has a massive acceptance while bitcoin has come to existence around ten years back. Both has got its value through the demand to the supply availability. Gold is mined from the ground while bitcoin mined with the help of ASICs. People who have profited through bitcoin will never look into gold now or in the later days.

In my opinion BTC and Gold are both good investments and can provide better returns.
Though BTC can give more returns than gold it's volatility can sometimes be devastating too.
Gold is a safer investment though but again the returns are quite less when compared to BTC.

Bitcoin comparisons with gold do not seem reasonable to me.

Gold and Bitcoin are unlike things.

One of the biggest points, gold is unlimited! I'm sure that even hundreds of years later, gold mining will be active. But Bitcoin is limited! Moreover, although the price of gold seems to be determined in the market, it is in fact closely related to the Dollar price.

One day, if the USD falls too much, gold cannot survive! But Bitcoin can continue to live!

Bitcoin cannot be equated with gold, gold has a total amount that cannot be calculated / unlimited.
In addition, gold has been monopolized by large companies.  But both of them have very good similarities to invest in the long term because they will not depreciate.

This is exactly how it is possible. Have you tried it before? How can you trust such platforms? I think it is very risky to do such transactions, especially from foreign countries.

Of course, Bitcoin is still very far away from stability like gold.  But I think that this is all in the future.  This can be achieved if the regulators help to restore order here.

I have seen people calling bitcoin as a digital gold. Yeah, they do have some similarities. But, we know gold can be counterfeit. People can sell "fake gold" and it's sometimes hard to spot such fake golds. But, that's not the case of bitcoin. Bitcoin is counterfeit proof and people can not transact with fake bitcoins as they will get rejected by the network.
They both has storing value and purchase power, but I think crypto currencies always will have an upper hand when using it as a form of payment.

Should there be a comparison between gold and bitcoin? They have very little or no similarity, gold is physical bitcoin is not. Bitcoin is based on blockchain technology, gold is not. The only similarity is like most commodities they have monetary value

For some people, the answer is yes.
But for the other, I think they don't bother if there is a comparison between gold and bitcoin.
Bitcoin is a new thing, and it could have the possibility to be a new currency, although many people in out there will not agree.
But if bitcoin finally become a new currency and it's available in all country, then they cannot do anything.

Majority of traders assumed Bitcoins as online Gold but I think otherwise. Bitcoins being used as a store of value is more risky than Gold. Golf price over the years has proven to be a safe haven but not bitcoins.

Why will people waste their time to compare Bitcoin to Gold when both are two different investment tools in the financial space.  Tangible investment assets can't be compared to digital assets that can't be touched. Bitcoin is no way a new gold. The rate at which the market value of Bitcoin either decrease or increase is no way similar to that of Gold. In as much that Bitcoin is a investment tool, it can never be regarded too have similar characteristics as Gold.

Actually we don't have to but as the market emerges, we can't avoid this kind of comparison on what's better and what's more useful. I personally would love to have both of it, I know how valuable gold is but I don't have it.

And now that I hold bitcoin, this seemed to be more precious to me because of that situation that I am with right now. There's no need to argue if bitcoin is the new digital gold of the century because we're the one that's labelling it like that. Overall, bitcoin and gold are both good investments.

gold its good, but bitcoin its great

Yes. There's no need to argue which is a better investment between gold and bitcoin because they are both great. Gold has been here a for a thousand years compared to bitcoin who is only 10 year old. But seeing the current price for bitcoin makes me think it's still the best. It would still be more profitable if we will have them both for investments.

I think BTC and Gold really have their own advantages and disadvantages. Not only because Gold is tangible the reason it is so popular and mostly used but because it is the used reserve of a country. We don't need to choose one of them, we can just invest in those two. That is what other people is doing, well they can afford to invest in a lot of assets.

It has been discussed here about this which better bitcoin and gold but I think you can't refuse one of them, they are both a profitable asset and have pros and cons. Yeah right the reply above of mine was right we don't need to choose one of them instead you can grab them all and keep as long as you can. Holding longer time will make these assets valuable stuff.

Do you want to store your money? Choose gold.
Do you want to invest and grow your money? Choose bitcoin.

Although there are many simultaneous characteristics, bitcoin and gold aren't the same, and in my opinion bitcoin isn't the evolution of gold as some people defend. One just for being physical and the other for being virtual makes the difference between them enormous.
Gold will be always superior for being a physical rare ore.

Currently bitcoin is better than any view, because bitcoin has changed the lives of many people a lot. Investing in bitcoin is more profitable than gold. Before there was bitcoin, gold was indeed in great demand for long-term investment.

I even think bitcoin is no longer like gold, but bitcoin is an asset like diamond.
or don't you know that bitcoin is worth 1 carat of diamond?

There is really no point in comparing this two type of things. We are no longer on the previous age where people consider bitcoin as an alternative to gold cause in reality it isn't and most of us right now have fully understood that both has different purposed.

Even if you have the same purpose it cannot still be a good comparison. Unless you compare having the same category. A stone to a stone and a crypto to a crypto

I like bitcoin rather than gold because i am living in a digital world and we can predict the near future through extrapolation method of statistics but in case of gold i cant get much information regarding gold because people with gold experience matters. Gold is a commodity which is acceptable in the world but in case of crypto that become a matter of discussion every where.

We can only begin to compare Gold with Bitcoin when the Bitcoin ETF is achieved and mass adoption will have happened. Until then, there is no basis for comparison. Gold is already steady and trusted and we all know the level of skepticism that is facing Bitcoin and how mist investors to even consider it a reliable store of value.

How do we know that in 100 years people wont decide to create more BTC?

Comparison is good, but the future is of BTC as it is not only a digital asset but a revolutionary future which is going to impact everything for good.

One can hardly agree with the opinion that Bitcoin is a better means of preserving value than gold. Bitcoin has a very high level of price volatility and so far there is no real chance to reduce it. The statement that over time, when Bitcoin will have greater value and liquidity, its volatility will decrease, is not based on nothing. It seems to me that with an increase in its price, the level of its price volatility will also increase. This means that Bitcoin will always be an unreliable means of preserving value.

I think the Bitcoin volatility is certainly influencing Bitcoin's ability to be a good "store of value". Yes, some might say that the average long-term price average is climbing, but the huge price differences in between the highs and lows, will scare long-term investors away from  investing in Bitcoin.

Bitcoin also has some other technological use cases, like Smart contracts etc. that gives it more flexibility as an investment and let's not forget that it can be used as a currency.  ;)

Bitcoin and Gold can be considered as a store of value. Both of them perceived to be valuable. Being traded on various exchanges, people hold it and hope they can get rich years later. They consider both of them as an investment. Bitcoin and Gold stock to flow ratio are relatively small. Their 'inflation' is decreasing, or stable for each time frame. To 'mine' them, you need a great resource.

That's some basis to compare them.

actually, similar to bitcoin, gold also has a limited supply because there is a finite amount of gold available on earth. so unless we find another planet and start mining gold there or find a way to chemically alter other materials into gold (alchemy!) you can not say gold is unlimited.
as for mining, hundreds of years later bitcoin mining will still be ongoing and the reward will be half of half of .....half.

How do you console those who bought Bitcoin as a store of value in Dec 2017 during that ATH? The truth remains that Bitcoin is still evolving and may have the character of greatness. But until then, we can't really compare it with Gold. Can you be true to yourself with all sincerity that you can sell all your possessions and convert to Bitcoin as a store of value at this time? No?


I totally go with you on this.

Gold goes back even further than that. It was being used in jewellery by the Egyptians around 5000 BCE!

I agree that it's crazy to assume that Bitcoin could replace gold, especially this early on. However, I do sympathize with the idea that Bitcoin has superior monetary qualities to gold -- namely, a completely predictable and transparent supply.

I think it has the potential to become a traditional store-of-value asset like gold in due time.

I don't think that BTC and Gold are comparable. Gold is a metal that can be found everywhere in the universe( obviously not so easily ;D). whereas BTC is a completely virtual thing. BTC is only known to the less percentage of people but everyone knows about gold.
The only thing we concern here is the store value of both items. For the long term, I think people will like to choose GOLD rather than BTC. Cause with BTC there is always a risk factor which the gold is almost risk-free.

BTC can become a digital gold, but I'm afraid it's not too premature to state that BTC is already a digital gold. Competition is not over. Look, f.e. at BCH, it's developing fast, gaining adoption and have a stong leader, so it does can dethrone btc if the latter has significant problems and doesn't scale itself. Gold is time-tested, but how knows what time will bring us? Maybe in a dozen of years scientists will come up with a technology to develop artificial gold, or it will be revealed in large quantities somewhere on Earth or other planets within reach. What would be with gold in that case? Or if just better materials will be found? Gold isn't eternal, and it doesn't bring such returns as btc due to the young age of the latter.

Yes, gold, tangible value, is not only valuable in payment, but also has useful value in storage and many practical applications.

There is a photo of what a bar of gold and the sum of bitcoin it is worth.
Ill have to look for the link it and post here when I find it. ;)

even an uneducated people can buy and keep gold and gold is popular many wants it ,but bitcoin only who have some knowledge can keep them and use bitcoin is not so popular , if you take gold and bitcoin to people most of them will chose gold, gold prices are most stable 

But I think the majority of us now are using high tech devices, I mean we all have high tech gadget that might be learned how to use that digital currency(bitcoin). But why we choose one of them the gold and the bitcoin if we can have profit both of them. I just prefer to hold them both rather than choosing one.

There are dozens of topics on this subject and everyone has a different opinion about this. The truth is both of them have pros and cons and none is perfect, that's in fact why we are having this conversation comparing the two of them. What matters is that both of them are good enough for anyone who wants to exchange his fiat to assets and hold them for a longer period of time.

That's what I often say when I see people claiming "Bitcoin is the best investment". I know a lot of them have lost money during the crash.
Since I don't hear them anymore to say the same. A lot of people aren't so used with investments generally speaking I think.

Bitcoin is, in my opinion, far to be a store of value. SOV. is supposed to be a 'store your value' so your capital, how a cryptocurrency, volatile like BTC is, can help someone to 'store a capital' to avoid the risk to lose a %

I see both are very valuable, in general gold is seen, has a form and certainly has value. But it might be risky if we keep it at home. Bitcoin is indeed not visible, but has been popular and has tremendous value. Although it is intangible and only a digital form, for me Bitcoin is an asset for the future. The conclusion is both are very valuable. And the right choice for long-term investment.

Could ETH be considered then the equivalent of silver?lol

New era means new ways to do transactions. In my own point of view, gold is still the main tangible for money but maybe in the future when cashless society is everywhere, Bitcoin would be the basis for every cryptocurrency to emerge.

If you want stability it's on gold. If you want bigger profits then proceed on bitcoin. The future of blockchain is very huge although there are many coins contending to beat bitcoin on top.

Any favorite ones?

BTC has a long way to go if it wants to compete with gold... Gold has more uses too.

between gold and bitcoin if used wisely it must be very profitable gold is dominantly rising but the price increase is very little and requires a long time to get a lot of profits but bitcoin value fluctuating and full of risks but the increase in price offered is truly extraordinary we can  seeing it from March to the present the increase was truly extraordinary

Give a big thank you to gyrsur for the recent post of how many BTC is worth a gold bar link to the pic on twitter. ;)

If someone ask me to invest either in Gold or BTC I would definitely chose BTC but this is about part of my investment, I cannot invest the whole amount into Bitcoin at any point of time. Yes if it comes to Gold I can even invest 90% of my cash assets into Gold, this the difference betweeen BTC and Gold.
Bicoin may give you better return but it is not stable whereas Gold is much stable and have other uses as well although return on Gold investment may be lesser. It depends how much amount and for what period you are ready to invest, how much risk you can take, investing in Gold and BTC has their own pros and cons.

It's not a proper SOV yet. How could it be, only 10 years from inception? Most people are unsure exactly what Bitcoin even is, and are still skeptical that it will even exist in the coming decades. So, naturally it's highly volatile because its future is viewed as so uncertain.

However, we can look at Bitcoin's monetary properties and see theoretically why it might serve as a better form of money than anything seen before, given enough time and adoption.

All forms of money (including longstanding forms like gold) are a matter of faith. It's impossible to predict whether humans will put their faith into one form of money or another -- you would need to see the future to know that. What we can do is look at Bitcoin's properties and extrapolate from its market growth what may happen in the future. The more certain Bitcoin's future becomes, the less volatile it will become.

Both are different from each other if we talk about gold then it is good for the majority of investors because the gold is more stable than bitcoin and most of the  investors want a secure investment, while on the other hand, some crypto lovers want high profit in a shorter period of time so they choose bitcoin as an investment.

In my opinion comparison of BTC with gold is of no use! Let investors decide where they want / will invest their money.

Both assets have similar characteristics.

One difference of these assets is that you can buy Bitcoin easily through your computer while you have to go to a gold shop and buy gold. If you choose gold as your investment, you have to keep those gold in a separate place such as gold safe keeping facility to make sure it is safe. This means gold demands a safe physical space as well.

The downside with Bitcoin is you need to have the basic knowledge of how buy and store BTC safely as you may loose your BTC if you do something wrong or can be hacked by a hacker. Therefore, some investors choose gold over bitcoin as the asset to invest.  Therefore, I don't see a significant change for the demand for these assets in the future.

^ That was right they had characteristics of pros and cons to each other which we consider that these two assets may good for keeping them both. But I think if they are both at the same time founded maybe bitcoin will bypass the gold and it is very well known now. Gold is an asset that visible on us while bitcoin is a crypto digital currency which is only on the internet found that can wen used to have transactions pay bills and any necessities were bitcoin is accepted.

Bitcoin in literal way or aspect cannot be like gold. But some of the holders here they are assuming it and comparing like Gold, because as time goes by the value price of it is increasing in the market, in terms of volatility Bitcoin was more aggressive unto it compare to GOLD because gold price value was already surpassed by Bitcoin in the market.

BTC and gold are not the same.  but both have special values.  BTC is a currency innovation and gold is a legendary currency.  Gold will last until this world ends. But BTC will change every transaction to be easier and simpler.

gold is the real currency, and BTC is abstrack. both will be used for future transactions after fiat is lost from circulation.

now, many people choose crypto rather than fiat, gold is intrinsic and BTC is the best.

Bitcoin and Gold are both valuable but they have different characteristic. Gold is tangible and can seen but Bitcoin is intangible. Gold has stable value while Gold is volatile. Gold is real asset while Bitcoin is digital currency but at the end they both good invesment.

It will not be a fair comparison to compare a physical object to a virtual one in the first place, historically gold is considered as a source of wealth for thousand of years and even now it is a symbol of wealth and bitcoin being new to the market cannot be compared to gold in any way possible, it is a virtual currency with no physical presence, the major advantage is privacy and the ease in which you can store the your wealth.

I think of course gold is also one of the best investments for a long time and value. It can also be used for anything.

Truth be told, Ethereum has a a different emission scheme, though the biggest difference is that ethereum must be much more applicable in the future if something better doesn't outperform it. Ethereum isn't a silver, Ripple also can't be...bitcoin cash? don't know, it could be, but Roger Ver is making everything to popularize BCH and make it CASH, not just for holding. So I would say we have "digital gold" now, but there's no clearly established "digital silver."

Btc and gold are different, because gold you will need to wait patiently for a long time before you earn a good profit even the price is stable since in the past time. While btc even if not stable but you will earn a good profit in just a moment only. They can also use for savings in the future. But now btc is more popular for investment because we are currently using technology.

Both can be good investments in generating profits, but I think everyone has their own views on gold and bitcoin, and for me more interested in bitcoin.

Both have value and price, almost everyone wants to have it. If someone wants to have gold, they have to buy it and it is very difficult to do mining. While Bitcoin can be owned by mining and of course buying on the exchange. Gold can be received by all countries, while bitcoin cannot be received in all countries.

Gold and Bitcoin are similar in that their limited amount is in circulation and everyone wants to have them.  But there is one difference between them, is that gold is stable in contrast to Bitcoin.

Both are valuable but when we look at the characteristics of both they are different from each other, the only similarities are just that they are both store of value but in feature and uses they are different. With bitcoin it has the possibility of obtaining value far more than gold but it also has the possibility of declining more than expected. So to say very unpredictable but gold value is not as volatile as bitcoin though from time to time it changes depending on the value of fiat. Though gold is more stable, if I am to invest my money in gold after how many years there will not be that much difference in value so it will not give me much profit after waiting but if I invest in bitcoin, after 1-2 years of holding when bull market comes I could profit 2x to 10x from my money.

Looking at the number of people investing in Bitcoin and comparing that to the number of people also investing in Gold, Bitcoin can somehow be considered as the digital version of gold but the only thing which is disqualifying this is the volatile nature of it.

Bitcoin and Gold are both two great entities of our time considering their prices on the market and how people have been using both of them for the payment of goods and services. For now I think BTC has gotten more attention than Gold because it is based on the blockchain and its integration into so many companies and products.

Gold and BTC have their own positive sides.
Gold may be more stable and will be always increasing and it is secure enough.
Bitcoin may give us higher profits in a shorter time.
I love both because they are worth asset for investment.
For the risks and profits, it will depend on how we access and manage them.

I agree with this. Gold vs Bitcoin is just hyping people on both.  The stability of Gold's price in the market is its advantage over bitcoin while Bitcoin's advantage over gold is the technology behind it.

I agree. Gold and bitcoin can both use for investment but in different time duration. Bitcoin can be for short time as long as the price increase to gain profit while gold stay stable for a long time but the price does not go down as it is become more limited in the market and use on making accessories for business. It is depend how you handle investment because both are doing good.

I dont agree that gold price dont go down, even their are also big whales who play with gold and price fluctuates. But bitcoin price fluctuates more high. In your view investing in bitcoin for short time is based on market condition if you have invested in 2018 then short time would have given loss, but if you have holded for long then in low if you have averaged the price then now you are in profit.

Everything depends on how much risk you can take and how much time you can hold your position, will always define your profit.

Bitcoin and Gold is a currency that many people consume as an investment or buying goods. Can we summarize that Bitcoin has gold-like characteristics, yes why not because it was not created by the Central Bank / government, but by a party who does not want to be known identity. In my opinion personally is Bitcoin and Gold has many similarities.

Gold is physical, Bitcoin is digital. And that's it, both of them are valued highly

This topic is created for what? :)
I believe that these two means of investment do not make sense to compare.

Gold is one of the first metals that began to be mined and used by mankind. His story leads far to Ancient Egypt... if I am not mistaken, gold began to be used as a means of exchange as far as 6,000 years ago... Just think about this figure! Of course its capitalization is so much!

And how old is Bitcoin? He is still a "baby", like the blockchain technology. Then what competition can we talk about now? No one has yet discovered the full benefits of this miracle technology. If you consider me a fool, just remember the history of oil - read the history of the UAE, Saudi Arabia, Qatar, Bahrain... where they were then and where now? :)

It was a joke from my side. This topic is really actual for our time :)


In my opinion, it is now necessary to invest in a ratio of 50/50. But in 5-10 years Bitcoin has every chance "to take over the world"...and this is not a joke.
Gold will still be mined for many years, perhaps even in the future, humanity will be able to colonize the planets of the Solar System and extract metals there. The emission of Bitcoin is limited, and most of the coins are forever lost. Therefore, for the future, the choice is obvious ;)

Well, there are other things to consider and not only Bitcoin being "digital" and Gold being physical. Bitcoin may be more expensive than Gold's price per once but not Gold's price per kg and I think bitcoin still has a lot to go. Also, investors favor Gold than bitcoin because of the stability of its increase and I hope bitcoin will be that too in the future.

Bitcoin and gold is 2 different entity in the financial world.Gold has been in  the system way longer compared to bitcoin and gold is the best shot for now if you want to invest on long term with assurance of earning and you can freely spend and buy things using gold right now compared to bitcoin who is still limited on use.But in the future gold can be worthless and get replace by virtual currencies like bitcoin and other more to come

In term of store of value, gold is better than bitcoin. But in term of profit purpose, bitcoin provide bigger size of opportunity for all level of society, the and the rich can take part in this cryptocurrency investment. At the end all is depend on how smart we can manage our fund to invest in crypto.

 :D Gold will not replaced by bitcoin, I am sure about it  ;D.

if in the value of the investment aspect, I think that gold and bitcoin are the same because it can be used for investment but gold is real or can be touched and made into jewelry.

Gold have much more store value than bitcoin. Gold is used for various purposes from medicines, foods, electric equipment and more. Gold is used as a form of money from more than 5000 years.
Bitcoin has just started and is in its initial stage. Surely the future of bitcoin is great and it will give good competing as a asset after few years.

If I can be honest, of course I would prefer bitcoin for investment than gold,
You can see bitcoin now, if you invest from January to now, of course you can buy as much gold as possible with 1 BTC.
But that depends on each opinion, which obviously I am more interested in bitcoin.

And both bitcoin and gold are different. Bitcoin mostly uses in online life while gold use in offline life. People still prefer to invest in gold, while some people choose bitcoin and gold as an investment. People will have their option for what they want to invest, whether it's bitcoin or gold. They will choose whatever they think that it will give them a profit for a long time.

Totally agreed on this mate

Gold has proven to be long lasting ,and can stay for a lifetime or until the world exists

Bitcoin in 10 years time proven what can reach for such a short time,so what more in future when the acceptance happens by each governments?

Well let’s just wait for at least another 10 years for this questions to be answered

Bitcoin and gold, this is clearly different gold has a total amount that can not be counted / unlimited. Even though ordinary people can buy and store gold and gold very many people want it,
In addition, gold has been controlled by several large companies. But both have very good similarities for investing in the long run because they will not depreciate. If you take gold and bitcoin most people prefer gold, because the price of gold is the most stable.

I think we don't need to compare bitcoin and gold, we better see the similarity between bitcoin and gold is a good store of value, and whatever you choose depends on your own needs, whether you choose gold or bitcoin.

Gold may be tangible but its being tangible won't matter in the future. Because people are going to start use digital currencies and the 'tangible' currencies will lost their importance.

You found a good article on Gold Vs Btc. I think Gold is stable it's not so volatile as btc is .However People love btc cause it is so volatile .If you look at at the chart of Gold you can find it on long stable moment so that if you store it you could't get profited .On the other hand if you store btc sooner or later you will get your profit .For me btc is better than Gold always .

This topic has been discussed here so many times, I think to compare both currencies is not making any sense we know that they are both have a great value. Bitcoin and Gold have a good value in the market, they also have differences may apply, the pros and cons that we consider them to have different uses. If you think they are all profitable why not you didn't buy them all and keep it safe since they are all valuable now and good for holding long term.

gold is a highly valued asset and also bitcoin, but they have different qualities and markets. Bitcoin is still very far from stability like gold. But I think this is all in the future. This can be achieved if the regulator helps restore order.

There is nothing wrong on comparing them and how can you dare say that there is no sense to compare them ? It wont only make sense if you will reply nonsensical post  .


Afaik , gold is a stable asset but bitcoin is not and i dont think that bitcoin can soon be stabilize even if it will be regulated but i dont also think that it can be regulated because bitcoin is decentralized and cant be controlled  .

I prefer bitcoin investment compared to gold, because with bitcoin investment I can expect to get rich. This is the dream of all investors, and bitcoin has provided evidence in 2017 that many have become millionaires. This is because the price changes are very fast and very large.
It is different from gold investment where the price changes are very slow, so gold investors who get rich are basically rich, because to buy gold as an investment already requires very large capital.

Of course, these are completely different assets and it is useless to compare them with each other. Gold is an eternal value and it will always be like that. Bitcoin exists only ten years and no one knows what will happen to it in twenty years.

What does Bitcoin's ecosystem need to reach high liquidity?

Once upon a time, the gold price was so high that 4,5 of the bitcoin sold when it sold a little gold. But Bitcoin stands at this level today for its market demand and performance price of a bitcoin is 15% more than a full of gold For which one can sell an ounce of gold today, a bitcoin will not be available but instead of selling a bitcoin, 10,15 ounce of gold can be found.!!!!!!

well, these two things have different functions and forms, but have the same potential. in this case, I might prioritize collecting bitcoin compared to gold at this time. although many say that gold is good, but I feel that it is difficult to obtain.

BTC Bitcoin and gold are both great stores of value. BTC has better future potential. Gold will be out dated soon as deep space asteroid mining.

I am in search of people who have bitcoins forks including SBTC, GOD and BIFI in bulk. I am buying bitcoin forks in bulk.

if you want for a long-term and safe investment, then I really advise you to invest in Gold, but if you only want to invest for the short term, then I would advise you to invest in Bitcoin, because investing in Bitcoin will definitely give you profit which is bigger than you invest in Gold, but the risk of investing in Bitcoin is also greater than investing in Gold, so I only advise you to invest in Bitcoin for the short term and not for the long term.

I thought, if bitcoin is the future gold in digital form. because before the present and paper money existed, gold in the form of coins was a means of transaction, almost in every country had a history of gold coins. maybe it was in the past or in the kingdom. but there's nothing wrong if bitcoin becomes the digital version of gold that will be used by everyone in the world.

I see many people often say that BTC is gold of crypto, but in my opinion, there are the same  as the above article. But with my way of thinking these two things are different, maybe they have same  in terms of value and level of scarcity in the future. But btc have something that is applied because a technology for me is smart.  Gold is a real asset in terms of technology .  ??? ??? ???....(no )... Maybe 2 things will be attached to each other in the future?

if I prefer to choose to invest in BTC, bro, rather than investing in gold.
my reason is because I've been in love with the world of BTC. although the results cannot be predicted. but I have felt a lot of sweetness from the bitter.

Bitcoin receiving much attention is already a good milestone for cryptocurrency. Being compared to Gold is another thing because we all know that Gold is something that must be mined physically and mining for Gold is not an easy task. Bitcoin is also not that easy to mine but it requires less effort and needs more time. Every Bitcoin user 10 years ago did not expect Bitcoin to have its value skyrocket and learning about it is interesting.

If succeeded to become a digital money all over the world, bitcoin will be able to be called as gold in assets value from this venue of investment,
there's always comparisons and it will be for the end users to give their own opinions and positions whether to allow classifying bitcoin as a new
gold for investment opportunities or let the future to decide if what will be the turned around of this cryptocurrency.

BTC for sure.Gold is valuable commodity.But BTC is king of cryptos who came 0.001 $ to 20000$ in within decade. Did the gold able to do that?you know the answer.Whatever the price and down happened btc is more stronger than the prize of the Gold,Also bitcoin  is limited resource.Gold is limited commodity too.But future will change that.More gold resources will come.Supply will be limitless.Then the demand of the gold is no more.

Gold is more stable and has a long history, while bitcoin can be used anytime and can be selled, to sell gold can take a lot of time if is physically hold at home. But bitcoin is indeed the crypto king and is more faster to use if want to buy or sell.

BTC & GOLD for me they both have a big value.
BTC can use as money and can use easily as quickly even now here in our country you can use bitcoin for payment even restaurant or store.now bitcoin can easily use and has a big value.
Gold for me not that can easy to use you need to change in money first before you can use.it is also has a big value.

So,

in order to become a better store of value, Bitcoin has to become more liquid;

in order to become more liquid, Bitcoin has to get increasingly deployed to buy/sell goods and services;

but: in order to get increasingly deployed to buy/sell goods and services, Bitcoin has to become a better store of value.

You see the problem?  :)

Btc is good invesment for long time, and a good value for any one..

It seems to me that Bitcoin and another decentralized cryptocurrency will never get rid of its high price volatility, regardless of whether it is accepted in all states or not. This means that the cryptocurrency will lose gold as a means of storing value. This is not surprising, since it is assumed that its price will always be formed only on the basis of supply and demand.

Yes.. that is definitely one of the advantages with Bitcoin. Since it is a digital asset, you can move the coins very easily to any corner of the world. And you have the freedom to sell them in an exchange which gives you the best rate. On the other hand, moving physical gold is not that easy. You have limited options, and almost always you may get 2% to 3% lower prices than the prevailing market rates.

if in my opinion bitcoin is better than gold bro. because bitcoin has a very fast price movement so it's very good for us to invest in it. either long term or short term. with our experience it will be faster to make a profit.  the movement of gold prices is so slow that it is long enough to make a profit

Gold is showing similarity with Bitcoin in one parameter at least. After a sharp correction from the 2011-12 levels, gold is once again showing the signs of a bull run. Bitcoin is also undergoing a similar phase right now. Now the difference is that any price change may be more moderate for gold (thanks to its $7 trillion market cap), when compared to Bitcoin.

I am one of those who disagree with you on this point. A lot of aspects exists that will be a deciding factor in the future stabilization of Bitcoin's price. Seems unlikely, but it will probably happen.

It won't only depend on the community, also the high decision-makers will have a strong part in it. Bitcoin's core functionality will take care of everything else.

To get gold, we must mine it first or buy it from the nearest gold shop. So far, no single individual or company has been able to produce gold. Gold is available in limited quantities, and this is what causes it to increase over time.
While BTC is digital or invisible, durable and not easily destroyed, Obtained by mining, but using mining programs and mathematical algorithms;
Can be transacted throughout the world; and can be exchanged and traded with various currencies in the world.

Gold and bitcoin are a likely alike. The both have much value but a bit difference in handling. Someone can buy them to store up his or her assets for future use

like this(BTC and gold) tropic but guys, I already discuss to another tropic ( BTC and gold). and we know that what is BTC and gold?
( Bitcoin is a currency of digital wallet  and  gold is a chemical element of the earth it is the metal of transition ).

BTC and GOLD :
both are saving value but it has a small difference, like -( gold is the store currently value and BTC store the better value of the feature).

Yes.Thats true,and also bitcoin has the largest growth rate more than any currency,any stoke or any commodity.In 2009 bitcoin was just came 0.001$ rate.In 2017 its hit the 20000$ rate.Now its 9K+.Still that is bigger than anything's release prize and bitcoin growing day be day by prize and also from the demand.

Bitcoin is much better than Gold.
because Bitcoin grow up so fast but not for gold.
we can look Bitcoin price in 2010 that just 0.2$, in 2017 Bitcoin hit top price in 30k$.
just in 7 year.

Well bitcoin and Gold both are effective  for investment.. but in short we can say that gold is short term investment as well as bitcoin is the long term investment..

Bitcoin is new Gold

If you buy 1 Bitcoin at $4000 as store of value, you will have $400 only if Bitcoin survive. That is worst investment ever. Just like Jet Airways whose share price fell from Rs 800 to Rs 80.  ;D

Bitcoin is a digital asset supported by investors only whereas Gold is precious metal from 1000+ years and supported by central banks.

guys, while we are arguing here that Bitcoin is better or gold, then as far as I know, the Chinese government is buying gold and other precious metals by all means, while there are certain difficulties with cryptocurrency in their country.  Thus, it can be assumed that valuable metals will always be valued, as it has been for 1000s  years, and a cryptocurrency has value only when it is interested in society.

I can't deny both are good to become our assets. We all know here Gold was ancient already and bitcoin is not, but even bitcoin is not ancient in terms of the comparison of their price value bitcoin surpassed the price of Gold anyhow. Though, Gold was a tangible things and Bitcoin is not. But for now bitcoin was trending all over the world so far.

A lot of the users are posting that the price of Bitcoin has surpassed that of gold. For proof, they point out that the price of 1 BTC ($9,300) is more than that of 1 oz. of gold ($1,350). There is no logic in saying this, because they are not using the same units. One ounce of gold is not equal to one Bitcoin. They are different units having different characteristics. In case you want to compare the price of gold and BTC, then you should compare the market cap. The market cap of BTC stands at $165 billion, while that of gold is somewhere around $8,000 billion.

The article also discussed the discussion and differences between gold and bitcoin, here for me the point is "Bitcoin is perceived as sound money and the evolution of gold", but for me bitcoin and gold have advantages in certain and clear conditions that are very different and not evolution because changes in values ​​and benefits are somewhat different.

Gold has a limited supply that's why it is a precious metal while bitcoin is purely digital. Gold is difficult to store in a long period of time it needs a most secured place. Although bitcoin can also be hacked it is rarely happens since you have your private key. They can be both mine. I think I can't find gold nowadays no matter how I dedicate my life in mining it. Why would I do that if bitcoin already exist.

I wonder what predictions you base your conclusions on. I got hooked on market reviews on the site and I can say for sure that everything is not so simple. I think now is the time to invest in Bitcoin, because soon we will be able to reap good rewards

Now everyone is betting whether Bitcoin reaches 10000. I bet that it will take a couple of months to do it. Well, back to the previous position? I admit that can go to 10,000, but not more.

yeah, I agree. Nowadays social media and tv rules society, almost no one has a proper knowledge. I’ve recently found a taklimakan platform for myself, there are a lot of useful info for newbies and not only. But anyway ppl often suppose to trust mass media than make own researches.

There is nothing to compare with both, they are both valuables in different way, You can earn you're GOLD in trade or real money. while you can earn your bitcoin in many ways even its a job, in trade of your skills and knowledge or even by trading other monetary. I can say that they will have a good future someday, there is a bog chance to grow up in value and also same as a good investment.

If bitcoin has a few more years to stabilize prices, I think we will choose bitcoin to accumulate. Gold and bitcoin are two completely different types of assets, we don't need to compare them

They are different.
But if you want to seek safe investment and profitable, gold may your best choice.

If you want to achieve more profit, BTC is your choice but remember the risk upon it.

Every investment have their own risk so make sure that you have learn all of them carefully !

where someone has some doubts about Bitcoin, then he will use cryptocurrency to create capital and to invest in gold.  It seems to me that the time has not yet come when you can completely abandon cryptocurrency.

Bitcoin will get banned if money laundering and ponzi increases from Bitcoin. Without centralization Bitcoin will not get legal status.

We need gold for the electric terminals and prongs on our electronics and boards for our mining rigs  ;D  ;D  ;D


Is money banned? You can talk a lot of shit on this forum here friend. Do you think before you type?

If you choose between BTC and Gold, the choice is obvious. If you want to earn then choose BTC, if you want to save your money, then choose Gold.

Well that's exactly what will happen to a commodity with a lesser market capitalization that could hardly mantains the stability in the market simply because people have too much power with their money. Gold in the other hand has such colossal market capitalization due to the fact that it existed since the ancient times and it's not a rocket science that gold will definitely have the stability here which therefore means lesser profits for speculators.

The comparison is quite a difficult one. Gold is a physical asset backed by a significantly larger market capitalization that Bitcoins, that makes Bitcoins more of a risk in terms of investment. This also means that overtime, it has the potential to return more yield on investment. Although, BTC has been referred to as digital gold, I think its a long way from being even close.

sometimes I have difficulty storing gold properly, so I prefer bitcoin if in profit, bitcoin is far more profitable in the long run, but if I save gold it is very risky for my security, I don't like to save on the BANK and don't trust them, I certainly prefer holding BITCOIN

Gold and bitcoin is almost the same the only difference there is that people usually will pick Gold than bitcoin because of its stability and a lot of investors recognizes gold as the best investment. Bitcoin is a great investment too though you should cope with the fast-changing price of it and some of the people that invested in it lost their money because of it. Some stopped and some continued, we all know who earned more, the one who continued.

So from "Become your own bank" we can now safely say "Become your own Fort-Nox".

Great plans for adoption. The public will most certainly rush to buy digital "gold" that does absolutely nothing.

Why we do compare each other?Bitcoin and gold has its own differences.But both are good for long term of investments and become more profitable in the long run that most of the investors are likely to invest in both.

Indeed, and I also use both for investment. there is nothing to argue about which is better between the two for investment, bitcoin and gold have their respective advantages and most importantly both are equally profitable. that's what made me buy bitcoin and gold

BTC vs GOLD. Well they have both have a big value.I can say also that they the same in term of changing or converting into Money.yes gold is been around for a much longer time or lets say even we are not yet born there already gold but they have a big difference for now.Bitcoin much easier to use nowadays than gold.(literally gold).well gold is takes much time and effort to convert into money but bitcoin only by one click as easy as that bitcoin can be money rather than gold.it was a big difference by use.we can say bitcoin much better to use can carry everywhere you go but gold so heavy to carry and hard to convert money.although gold also can give as a payment if some one know the big value of gold then they will accept it but the others who doesnt know the value of a real gold they dont accept it as payment fiat because they want a real money than gold.and gold can be fake unlike bitcoin this can not be fake.we use bitcoin by transaction using digital technologies and can never be fake.

So BTC vs GOLD I choose bitcoin to use than gold

Both have fluctuations price different but bitcoin have fluctuations price significant so can change in a short time even difficult predicted. Bitcoin more high risk than gold, but we can get big profit behind the risk of, can also occur instead.

I'd advise both and do both.   However, just be aware of the risk of 'saving' cutting edge technology.    Put away $1 million in gold and a separate safety deposit box with an equal value of BTC..... fast forward 25 years, and you might have one box of gold and one box with the equivalent of an Atari 2600 game cartridge/Betamax video player/TI-99-4A computer/Casio Calculator watch/etc. 

If you find yourself gaining from this venues of investment so why need comparing the two, both have your options to get good income, good investors always find ways to get something out from the market that they're investing their money, they don't need to choose as they can play both.

Gold is a classic valuable asset, it is well suited for investment savings because it has low volatility and price stability. Bitcoin is a new valuable asset. At the moment, it has high volatility, which attracts traders, as well as many other advantages over gold. Bitcoin is convenient for mutual settlements, as well, unlike gold, you can store your Bitcoins anywhere.

Couple months? lol Bitcoin will kill every bear left! check its last movements, they're almost exactly on weekends, regulated players are being destroyed when they entry on short positions.

10700$
https://fotos.subefotos.com/7af7015d6d570b76f073dac62d22453ao.png

While Peter Schiff keep talking about bitcoin being in a sucker rally, the gold price is $1399, if you don't know who is Peter Schiff don't worry below, you can find who is he, and why it's so important for gold and bitcoin.

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

https://i.postimg.cc/65C5bXGL/Screenshot-5.png

https://i.postimg.cc/jjLp9HF0/Screenshot-6.png

https://i.postimg.cc/0yJGBr0X/Screenshot-7.png

https://i.postimg.cc/zfZwZ5dz/Screenshot-9.png

https://i.postimg.cc/9M1y79c0/Screenshot-10.png

Gold is forever valuable and its price will continue to rise while Bitcoin is a man made technology that is limited and is currently have a good value too just like Gold so if in my own opinion they are both good when you both have them but Bitcoin is the trend right now and I'll choose BTC over Gold.

When it comes to percentage valuation of growth, BTC > Gold

we can see the positive side of gold and bitcoin in daily use. gold is prioritized for storage without any loss and risk, while bitcoin has a loss if prices decline and bitcoin can get profit when experiencing price increases.

Gold price can increase and decrease too the same with bitcoin. The difference is its volatility. Gold can have minimal losses but minimal gains too unlike bitcoin's huge movements.

Bitcoin and gold are both profitable and promising for the future. However, at present, bitcoin is more profitable compared to gold. The profits obtained in a single day for one bitcoin can reach dozens to tens of millions. All depends on the strategy that we apply. But the bitcoin market is very vulnerable because prices can change at any time quickly. We have to monitor the price of bitcoin regularly so as not to lose the opportunity to make a profit.

But at the same time gold is something that is bound to give you small returns for a x amount of time and if you consider Bitcoins then you will be able to decide for yourself.

Gold cannot make you a millionaire in some years , it will give you secure investments but at the end it's the Bitcoin which is the need of the hour.

Let's just consider it like share market which is easily accessible and also at the same time connected with the whole world .

Bitcoin is just something else. It is more like digital gold power 1000.

Gold has always been the requested product and no matter how quickly Bitcoin's fame spreads. It seems to me that the same trends of these assets are related to the general mood in the market. Planned revision of the old standards and the launch of new cryptocurrency. To create them, fireproof assets are needed, and gold is one of those assets.

Gold and BTC have common properties for commodity assets: they can be exchanged, sold, stored as value, etc. There are some differences: unlike gold, which is a physical asset, BTC is digital, which facilitates its storage and transmission. Which facilitates the process of obtaining such an asset. But gold, which is an elemental asset accepted by all as a commodity for barter. And perhaps because of the ongoing political changes in China and the United States, investors are stocking up on gold.

My prediction is that the bitcoin bull run will rally up to a new all time high and then the bitcoin parabolic price will slowly end and go down again. While bitcoin price goes down, physical gold will begin rising to a new all time high. Gold (actual gold material in your possession, not digital) will rise to a higher than it has ever been in history.

Many experts and political leaders are not enthusiastic about the statements about the planned issue of the libre coin. Perhaps the growth in demand for gold is a market reaction to attempts to protect themselves from the strong fall in Bitcoin prices.

Nobody trusts Facebook. Everyone knows that Facebook is harmful to it's users. Why should anybody trust Facebook's money?

Its a good read. I will rate Gold higher then BTC at this moment from investment perspective because of

Do you buy gold coins? What kind of coins? Do you buy gold bars? Where?

Experienced investors always diversify their portfolios and invest not only in Bitcoin, but also stocks, gold. Growing demand for gold may be pushing people's discontent in China after the authorities ’latest attempts to limit Hong Kong’s rights

Gold is just for rich people with too much damn money. Keep in mind I love crypto and I am a massive supporter but even i see the calling that gold brings. Why buy gold? Well, why not? If you already have many investments and are set for life you may as well buy some gold so you also have phyiscal wealth as well. It can also be passed on to the next generation. Something cool about holding gold. It is old school.
Who wouldn't want a treasure chest filled with rare diamonds jewels and gold?

There is no doubt about it that gold is for rich people but keep in mind that bitcoin is in the startup and bitcoin could be for rich people in future.
I am also lover of crypto that's why i am saying that bitcoin can be reach gold level in future but for now gold is king.
https://www.fxempire.com/forecasts/article/gold-bitcoin-and-the-usd-the-main-games-in-town-582237

Today's charts for Bitcoin/USD and Gold/USD look somewhat similar. They are going way up with similar green candles. These three investments are in cahoots: BTC, Gold, and USD.

I prefer bitcoin than gold. because the increase in the price of bitcoin is much faster than the price of gold. Gold prices only rose 10% the highest each year while bitcoin can rise up to 1000% in a year. and this proves that investing in bitcoin is far more profitable than investing in gold.

The most reliable stores to purchase bullion are APMEX and Kitco. Their prices may be slightly higher than those from your local pawn shop, but the resale value will be higher as well. There are many different options available within these sites. The most popular coins seems to be gold maple coins (from Canadian mint), gold Kangaroo (from Australian mint), and golden eagle (US mint). Other options that can be considered includes gold Krugerrand (from South Africa) and gold panda (from China).

Being longer for a longer time doesn't mean you can outperform your competitor. In reality, Gold is used because it has an inherent feature that it is used for art from being used as a store of value. BTC is used only to buy and sell. BTC cannot be turned into any other form as gold can be done. That's the reality but BTC is more decentralized than gold because not everyone will be aloud to mine gold but everyone who wants to mine BTC is free to do so without any governmental approval.

Here's our unique (as far as we know) non-fiat Bitcoin ticker: https://itcoinbay.com/Widget/ (https://itcoinbay.com/Widget/). I posted this earlier but the authoritahs deleted it for some !@#$ing reason, must have something to do with a secret fiat fetish.

Bitcoin is a cryptocurrency that acceptable all over the world, , which is normally works as a digital asset for a future used, like wise Gold, has values, which appreciate and depreciate from time to time, Therefore, i prefer investing BTC, for a future used.

You can say that gold is accepted all over the world. It is accepted even in places where the United States Dollar is not accepted. But the same can't be said about Bitcoin. The vast majority of the world nations have not fully legalized Bitcoin. In countries such as China and India, it remains in the grey zone. And there is a good chance that it may get banned in India.

Yeah right.. both bitcoin and gold are assets and both  have their  own pros and cons...well according to my views bitcoin is best for investment of money..

You are right.
That's why they have created gold-backed Stablecoins

Today, many blockchain networks are neither scalable nor economically viable, which in turn implies they cannot be meaningfully used for transactions. I think CREDITS fundamentally solves these challenges.

If you want your money more safe then you should choose GOLD than Bitcoin. The price of bitcoin is unpredictable.
No one know what happend in future, for example when china banning Crypto , then bitcoin price got impact there.
And gold price is more stable here.

If you are going to save your money for the future, then go with gold. I know that you guys are "fanboying" Bitcoin because the potential of investment is really promising, but keep in mind that you might lose something from Bitcoin. So safer way to save money is Gold.

yes from this article we can see that bitcoin is something valuable like bitcoin. and bitcoin is something valuable in digital form that can now be sold and can be invested because the price is relatively high and expensive.

Gold will always remain gold and cannot be compared with Bitcoin. As a repository of value, gold is still safer because of its relative stability. In my opinion, Bitcoin will never be more or less stable despite its high liquidity or high price. On the contrary, when the price rises, Bitcoin will be even more unstable, since the amplitude of its possible price fluctuations will increase.

so why if gold is tangible and life longer than bitcoin? although bitcoin will damaged, crash, or gone, it price exceeded gold for long time, and many people more care about bitcoin than gold. this is not about how tangible, but the simple is how we can make money as fast as they can. thats why bitcoin can famous in short time and race gold.

Well, isn't it obvious that in this part, Bitcoin is based on the aspect of gold.

This doesn't really prove anything. The effort of mining gold merely comes for the physical aspect. On the other hand, for Bitcoin, it is only virtually.

This one is actually pulling out the differences there are between them.


This last part seems like the most logical one.

btc and gold are both good for me, but what is more profitable for me is btc, because the price of bitcoin on the market can go up and down every time, while gold has certain times for high prices

of course both are very different and cannot be compared.
if you want to invest safely, then you better choose to invest in gold, but if you want to invest and also want to take a lot of profits, I think you should choose bitcoin.

What do you mean it can be stored in much longer time? BTC can also do that and it can be even more because it is stored in the cloud and it can be forever in that way. Gold can be weathered if it is not founded and but bitcoin will always be there just needed a private key. But I don't really think that they should have been similarize because they are both have value and they have difference, Gold is physical and can be touch and known by our ancestors while BTC is for current generation and future generation.

If measured from time, obviously gold is longer and has become a measure and investment by some people. but with technological developments and advancements. especially crypto technology, it also appears superior for investment, namely bitcoin.
if you want an investment that clearly suggests bitcoin is more passionate and very profitable if it is careful to always analyze its development.

long but hell healthy information to be much more educated about supply/demand/value and x vs y vs z

this was my answer to someone here , which this info seat inside expert minds

hey mate and nice to meet,

when you say this : Yes but the supply here is limited, much more limited than any natural resource. In the diamonds industry what they did was create an artificial short supply of diamonds.

i get it and you are right 100% but the are diamonds that can be created in lab which i didnt talk about, i talk on very few ** rare diamonds real which was founded on this planet and tried to explain what happen to price in different situation. but you right 100% there is inifinty of diamonds that created in lab.

and yes bitcoin is limited like real diamonds and gold BUT ... there is equation that can show that relative to gold and diamond the supply of bitcoin is far away rare and low, ask math teacher.

it cannot be balance its only will go up it cannot go the other way bro just cannot Smiley


diamond and gold have value because x amount of people agree on this and this have limited supply BUT...

bitcoin:
1. have much less supply then gold/diamond and limited supply
2. its store of value and cash
3. peer to peer -->> here is the real value of bitcoin we can send money to each other wihtout middle man its put all the banks and paypal and other shit out of the game.

fucking unbelivable yehhhhhh

then you say: Here since everything is automatic and is decentralized then something like this would be really hard to be accomplished, that without mentioning the moral aspects of the decision.

Everything here will eventually balance, and the supply will be a lot less than the demand eventually.


this answer to much general and not specific and dont have direction to what lead this statement,,,,,,lets look why: by this we train each other have more sharp logic...

we go in parts from your last statement:

you say: Here since everything is automatic and is decentralized then something like this would be really hard to be accomplished,

my answer: yes its automatic and decentralized and why it will be hard to accomplish???  look on peer to peer file sharing its the oldest tech out there and while other techs was die and new come and other things changed peer to peer file sharing only was growing like monster....i will hint the future is peer to peer in almost in anything....so i dont understand why it will be hard to  accomplish and how its connected to the diamond example.

otherwise history will show different results , when centerlized tech info was everything was download from few main servers , not think how much powerful this servers need to be to hold 1b computers download software and mp3 and movies and other shit, not talking about security aspect which is very critical in ceneterlized tech....compare to decentralized tech where everything is spread...the most close answer after trying to understand you in this.

then you say: Everything here will eventually balance, and the supply will be a lot less than the demand eventually.

something very wrong with this statement because balance cannot be in this equation lets look why??

supply for sure is very low of bitcoin compare to gold/diamonds(relative) and it its not only store of value its also cahs which surge the price only from this factors and make it less balance until it will get to the pick which is huge astronomical number,

when you say: supply will be a lot less than the demand eventually.

the supply already lower much more then demand because there is only 21 million coins mate, so i dont get the direction of this statement.

i will sum it bro remember we learn from each other Smiley

bitcoin its not only store of value like gold/diamonds which mean selling rate fro gold and diamonds always will grow with the time because you cannot buy cars,clothes,houses and other shit with gold/diamonds and this is why the value over time will have down curve time ask any expert economist,

compare to bitcoin which is store of value and CASH system which mean very** soon startups like zeex and another one which come from japan will lower the selling rate of crypto overall and will surge the prices up compare to gold and diamonds which always need to be sold in order get value that accepted everywhere(cash called), and the rate of selling daimonds and gold will always grow up and all the gold and diamonds(to much) never can be sold which mean alot of people stuck with them which also hurt the price per gold/diamonds,,,,

so this kind startups going to kill the selling rate of crypto which hurt this industry,  and this effect going to surge the prices up very high(only low supply coins)

when this effect happen when the selling rate go to zero level and surge the prices of low supply coins its give the illusion that demand grew but demand didnt grew its because the selling rate was fall drastically because people dont convert it to paper money like gold and diamonds, they buy with it directly

and this effect surge the prices up because you dont sell them you exchange sound very close but very different, and why it give the illusion that demand grew and in reality demand didnt grew its because price almost always grow when there is huge demand.

so this one effect which affect on the price of crypto selling rate which will go to zero very fast,

then in the same time demand is going to bombard i mean to explode why??? i dont tell i leave to other play with this factors and their logic and train the mind because its between the lines why demand going to surge also...

i will give hint 8-9% inside this game of crypto  so crypto is very samll kid compare to age humen like 9 months kid ...but why demand going to explode i will not answer but the answer is between the lines

all this effect work on small supply coin only not satble coins and huge supply project with billions of coins

The article is very interesting and the base of the comparison between gold and Bitcoin is scarcity, the emission of BTC is just 21 million and many losses have occurred, so it is expected that its price can break records in the coming years, unless other more popular projects emerged, something that after 10 years has not happened.

Differences Between Gold and Bitcoin

The former (gold) is physical, the latter is digital. The former has been around for centuries and has been used as a store of value for quite some time. The latter has recently emerged, comes with cybersecurity risks but is easily transportable, is decentralized and censorship-resistant.

Gold has a bigger supply that bitcoin.
Apart from that, we don't care if an asset is tangible or not. We live in a digitalized world where most of the assets are traded are digital and we never "touch" them, so this point is inaccurate.

Bitcoin and Gold are good value assets.  Bitcoin quantity is limited and has a faster growth rate than Gold.  The state reserves gold to maintain economic stability.  If in the future the state is more interested in using Bitcoin as a monetary reserve, then the value of bitcoin is much higher.

I think for now Gold remains an investment recommended by many banks in the world because it has a stable value and is legal throughout the world. but if later bitcoin is legal and can be used throughout the world too, it is not impossible that bitcoin will become a favorite investment for all people

These two are giants in their respective fields, in cryptocurrency bitcoin is the Gold of all coins in the market and in forex wise Gold is like the bitcoin in that area which makes it the king. These two are of high value and works not always in favour of themselves but bitcoin still have more to offer than Gold because bitcoin is not only a decentralized system but also a coin with major adoption worldwide.

It is better not to choose because they are both good assets to invest for long-term. It's just that Gold has been here for a thousand years and we have proved its worth and value over time. Bitcoin has been here for only a decade though we have seen its growth, its price is very volatile that we can lose so much over time.

Despite the many differences, gold and Bitcoin are actually becoming more valuable because of the scarcity of the rarity. From time to time, the supply of gold and Bitcoin will equally shrink while demand increases, so the tomorrow's value is higher than the day before. However, it is necessary to understand that such similarities do not necessarily mean they have similar characters.

Bitcoin is created in computer networks and complex software, which although it says it is impossible to hack, but has crucial weaknesses like human creations. Call it a problem of Bitcoin scalability, which is the length of the transaction queue, so the time and cost required for payments using Bitcoin swell. On the other hand, gold is a natural resource to get it quite done by mining, through routine operations that do not suffer much force majeure. So that gold buyers simply come to the seller where the goods are available in constant tempo.

Gold is a real object and has a mass, this is the advantage of gold's weakness compared to Bitcoin
Imagine if you were robbed to visit at home, they could steal your gold
For Bitcoin, it's not real, doesn't handle it, but security issues are quite difficult
Even so, I still prefer BTC over gold, because of its value and technology

Why do people really waste their time on making unnecessary comparison between Bitcoin and Gold forgetting that these two entities are different in so many ways.  Bitcoin in no way be compared to Gold, they are both unique in they own kinda way...

to save of course gold is better. with price movements that don't move much and are real objects. certainly different from bitcoin. but to invest, of course bitcoin is superior to gold. with very fast price movements, of course you can take advantage of whether it's a long-term or short-term investment.

Yes both are asset and same expensive value in the market and truly correct both have an differences balue in the market how there price store valie moving uorise gold is basically dpends on the demands ages long term hold every year gold higher their value. Bitcoin is good keep also as long erm invest but harder to predict and have risk keeping it if if they have not time to manitor their price.

One good thing about Gold is it can easily be liquidated in time when you need money whenever and wherever you are. Simple as gold ring, gold necklace or earrings can be turned to money just by walking in to pawnshops and you walk out with money on your hands. Bitcoin is starting to be a good asset nowadays because its continues to increase however, if you are in a place where electricity and internet is absent, its going to be hard for you to liquidate your Crypto assets.

That's certainly true, mate. Even so, both Gold and Bitcoin seem to be ideal tools for living a worry-free financial life if used right. In times where Gold cannot be transported safely across countries (due to lack of portability), or simply divided into small fractions, Bitcoin is the true winner. However, there will be times where Internet access will not be available, leading us to use other means like Gold or physical cash. In here, Gold would be the winner since it has retained its value for a long time. Unlike cash, Gold is scarce in the same way as Bitcoin. You can use Gold for emergency situations, while Bitcoin can be used as for making worldwide payments in a safe and secure manner.

Still though, Gold has greater liquidity and a higher market cap than Bitcoin itself. This is probably because Gold has been around for a few years while Bitcoin is relatively new to the world. Despite this, Bitcoin's quick rise within just a few years of inception shows us that it has the potential of becoming closer to Gold within the not-so-distant future.

Nonetheless, it's believed that Gold will be digitized or tokenized within existing Blockchain systems. It's already happening now where Gold is issued digitally by some custodians (like Digix and Vaultoro). In the end, both assets (Gold and BTC) will head their separate ways for the foreseeable future. But one thing for sure, is that Bitcoin's scarcity makes it look a lot more like Gold than anything else. Just my thoughts ;D

Both Bitcoin and Gold may be unique in some ways, but they're similar in the sense that they're extremely rare and limited in supply. In crypto land, Bitcoin is considered as "Gold" simply because it's the most secure Blockchain available today with a finite supply unlike no other. As for real Gold, it's a precious metal that's very rare compared to Silver and even Copper. Not to mention, it's trusted by many people worldwide as a safe hedge against traditional Fiat currencies like the USD and EUR.

It all comes down to preferences, whenever people choose Bitcoin, Gold, or Fiat for their mainstream transactions. Preferably, it's best to combine Bitcoin and Gold in order to maintain a steady financial life for the long term. Gold can be used for emergency situations when there's no Internet, giving us a stable and valuable payment method to transact with other people worldwide. On the other hand, Bitcoin can be used as an investment tool and a payment system to send money worldwide in the safest and cheapest way possible (compared against traditional fiat currency).

Nonetheless, I believe that both assets (Bitcoin and Gold) will grow close to each other for the foreseeable future. They have many similarities among them, despite existing in two completely different worlds (physical vs virtual). Time will tell us whenever intangible assets (like Bitcoin) or tangible ones (like Gold) will be the way of our economy within the mainstream world in the future. Just my opinion :)

Gold has been the most preferred store of value for thousands of years. And that was one of the reasons why the fiat currencies used to be backed up with gold earlier (until the mid 20th century, if I am not wrong). The advantage with gold is that it is one of the few assets, whose supply is limited enough to qualify for the definition of a "precious metal". You can't use metals such as copper or silver for this purpose, since their supply is not that limited (although in some cases they are used as bullion).

Another advantage with gold is that the easily extractable deposits of gold are exhausted. What is remaining of the gold deposits in the surface of the earth are mostly located in the remote regions of the world, such as the Amazonian rainforests of Brazil and Peru, and Siberian wastelands. Even these deposits are rapidly getting exhausted. The cost of extraction of gold is close to the market price of gold and therefore there is a very low chance of the yellow metal declining in value.

Bitcoin may not be tangible but it could also be used in some other things aside from just a storage of value. It is primarily a currency, after all. The good thing about Bitcoin is that its value is appreciating faster than gold and other assets. The argument against it however is that Bitcoin is much unlike gold in that it does not have any tangible object which represents it. As other analysts would have it, Bitcoin does not have any intrinsic value. It does not represent anything in the physical world. But who cares about the physical object? The gold that we are also buying and selling right now are but nothing but numbers also, unless one is actually buying golden jewelries and gold bars. 

When it is compared, gold actually seems to be better as a store of value but only for now. I think in the upcoming future BTC will be a better option as a store of value. For instance thinking about halving system of BTC is a big advantage because it makes retain its value and enables to protect itself against the inflation risk. Also about the future projects are a strong indication about BTC future.

Personally, I find it easier to use bitcoin than I use gold. Well, gold is a very definite asset, it's just that most of the gold is only retained, and used as a long-term asset. therefore, bitcoin is a pretty good choice for now. because I feel that using bitcoin might be easier now. Well, I think many agree with me.

3 Reasons Bitcoin Is Turning Into A Global Safe-Haven For Investors

1) Every fiat currency is devaluing itself on purpose

2) Bitcoin increasingly non-correlated with traditional markets

3) Bitcoin can provide asymmetric returns

https://www.zerohedge.com/news/2019-08-08/3-reasons-bitcoin-turning-global-safe-haven-investors

... actually these reasons are valid for gold too.
That shows the similarity between gold and Btc as safe heaven investment

I'd like to use bitcoin more as a store of value rather than gold. Here in our place if people know that you have been accumulating gold as a store of value, their eyes will turn to you and you can be as their hot target. I'm avoiding the worst scenario so for me, my choice as store of value will go to bitcoin.

But I'm not closing my door for gold, if we'll leave our place in the future I'll start buying gold.

Gold and bitcoin are entirely different from one another despite the two having some similar things in common. they both serve as a means to earn good income, however, one is better. Gold is a natural resources while bitcoin is a digital currency. regarding stress challenges and convienience, i will go for bitcoin, it doesnn't require too much of physical energy and stress, this will make it what i prefer over gold.

Each of us understands that investing in Bitcoin can carry certain risks, especially if we do not have enough patience to leave our investments for a long time.  Throughout its existence, Bitcoin has been changing in price quite actively and those users who handled Bitcoin ineptly lost not only their profits, but also other savings.  Such situations cannot happen with gold, but thanks to gold, an investor will not be able to get as much profit as with Bitcoin, because gold does not have such volatility.