Bitcoin VS. GOLD

[usekevin]

When the price of bitcoin around 100$,It was compared to the gold and it's possible to replace the gold .And it's possible for the price raise of bitcoin then gold.Now the price of bitcoin is 10,000$ ,which is n times of gold value. So bitcoin already replace the bitcoin, you should have this in your mind.

[Delos]

When the price of bitcoin around 100$,It was compared to the gold and it's possible to replace the gold .And it's possible for the price raise of bitcoin then gold.Now the price of bitcoin is 10,000$ ,which is n times of gold value. So bitcoin already replace the bitcoin, you should have this in your mind.

gold replace or bitcoin?

Yes, but the gold lobby don't want to see this. If one day bitcoin really replace the Gold, Gold will be just a ordinary piece of jewellery. Nothing more. The price will falling. Same as they do now with the bitcoin.

[randulakoralage961007]

These two are valuable assets.Gold is a physical asset.But bitcoin is n't a physical asset.Bitcoin is an electronic data that is like an electronic coin.In the past according to the values of bitcoin and gold, We can say gold is valuable than bitcoin.But now, as I think bitcoin is valuable than gold.And also, In the future definitely bitcoin is the most valuable thing because the value of bitcoin will increase day by day.

[Liternyy]

For example, to buy a house worth 200 thousand dollars, it will take about 5.5 kg of gold. At the same time, it will have to declare and pay for storage, the corresponding fees when crossing the border, etc. In addition, it will be necessary to pay for its verification for authenticity, protection and insurance. Not so long ago, fakes were very common, inside of which was tungsten. Additional costs will be the conversion of gold into currency, because not all are ready to accept as payment metal (at least not in full). In general, to pay for all additional costs will need to be about 1 kg of gold.
Bitcoin moves instantly. To use it, complex handling procedures are not needed. They can pay in a huge number of places and while it does not require conversion into money. To pay, you only need a password from your wallet, which you can write down or remember. For this, third parties are not needed, providing the whole process for which you have to pay separately. BTC is very easy to "transport" across the border, because it does not need special funds. Bitcoins are easy to access from anywhere where there is Internet. It will only be necessary to use some gadget.

[kotajikikox]

No, gold is a physical thing you can hold in your hand. Bitcoin is electronic data. It is stored on the blockchain for everyone to see. Everyone cannot see all the gold. The blockchain cannot be manipulated unless there is someone who controls over 51% of the mining power. Gold can be melted and turned into other material. Both are hard to change. Gold and Bitcoin are similar in some regards, but also very different.

There is always a war somewhere, but I don't believe it has any effect on whether people want gold or bitcoin.

I really agree with you mate botch have deference characteristic as investment, gold are the old one traditional investment keep in the very safety bank house, bitcoin is decentralized and keeping bitcoin in online wallet have risk but this coins have big capability to give people better life for keeping for a long time.

[Cryptokobi]

No, gold is a physical thing you can hold in your hand. Bitcoin is electronic data. It is stored on the blockchain for everyone to see. Everyone cannot see all the gold. The blockchain cannot be manipulated unless there is someone who controls over 51% of the mining power. Gold can be melted and turned into other material. Both are hard to change. Gold and Bitcoin are similar in some regards, but also very different.

There is always a war somewhere, but I don't believe it has any effect on whether people want gold or bitcoin.

I really agree with you mate botch have deference characteristic as investment, gold are the old one traditional investment keep in the very safety bank house, bitcoin is decentralized and keeping bitcoin in online wallet have risk but this coins have big capability to give people better life for keeping for a long time.

you do?

[dragonhunter11]

Since the gold is not unlimited and so is bitcoin, maybe they can be related like one to one ratio or so.

[LiberateDPigeon]

No, gold is a physical thing you can hold in your hand. Bitcoin is electronic data. It is stored on the blockchain for everyone to see. Everyone cannot see all the gold. The blockchain cannot be manipulated unless there is someone who controls over 51% of the mining power. Gold can be melted and turned into other material. Both are hard to change. Gold and Bitcoin are similar in some regards, but also very different.

There is always a war somewhere, but I don't believe it has any effect on whether people want gold or bitcoin.

I really agree with you mate botch have deference characteristic as investment, gold are the old one traditional investment keep in the very safety bank house, bitcoin is decentralized and keeping bitcoin in online wallet have risk but this coins have big capability to give people better life for keeping for a long time.

You can "buy gold" online though which can still potentially be hacked. Although gold is safer for investors since it is less volatile especially when the world market is stable.

[Cryptokobi]

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[nik009]

It depends on what kind of war it will be. If you destroy and the Internet then physical gold is better, in this case. If war does not leave consequences for the Internet then bitcoin is better, so you need 50% gold and 50% bitcoin to storage

[V-t.Ester]

Bitcoin and  gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold.  But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.

[Sithara007]

Bitcoin and  gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold.  But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.

The last block will be mined in 2140, and it is difficult to imagine that Bitcoin is going to survive for that long. IMO, by 2030 supercomputers will be able to crack the private keys of Bitcoin wallets. It is expected though, as digital assets hardly survive for more than 20 years. But since gold is a physical asset, it will be in existence even by 2140.

[boss@laway]

there is no equivalent in gold because it lasts and increases in value.
Unlike bitcoin like roller coaster flap,

[Temik2704]

Bitcoin and  gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold.  But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.

When the last block will be mined - we all will be dead, then just relax. The last block will be mined in 2140 year. >120 year from current moment.

[maxamus]

Bitcoin and  gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold.  But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.

Bitcoin and gold are two different entities as you have mentioned gold is physical which has been there for ages and will be there forever and bitcoin is completely digital and without internet we cannot use bitcoin hence there is no comparison between these two.

[C. Bergmann]

Bitcoin and  gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold.  But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.

Bitcoin and gold are two different entities as you have mentioned gold is physical which has been there for ages and will be there forever and bitcoin is completely digital and without internet we cannot use bitcoin hence there is no comparison between these two.

Exactly. I don't get it why they are pushing making a contrast between the two. If we are speaking in terms of investment then it is just a question of risk in a sense that bitcoin is still on its early stage while gold has been around for ages and has a very huge market which makes it more stable and safe to trade.

[V-t.Ester]

Bitcoin and  gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold.  But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.

The last block will be mined in 2140, and it is difficult to imagine that Bitcoin is going to survive for that long. IMO, by 2030 supercomputers will be able to crack the private keys of Bitcoin wallets. It is expected though, as digital assets hardly survive for more than 20 years. But since gold is a physical asset, it will be in existence even by 2140.

Why don't you think that together with those supercomputers won't be invented new super protected wallets? Now, speed of technological progress is very high and every one first of all pays attention to his security. Especially crypto traders, they have huge amount of different coins and don’t want to lose them, but to increase.
Yeah, I know all that about last block. I understand that till 2140 everything can change several times but I like crypto, so want to believe it will survive.

[Viking81]

In my mind, it is a full nonsence to make any bold predictions about a possible market expulsion of gold by BTC. Don't be blind, and overexcited about BTC role in foreseeable future. Global financial sphere and its main players are very conservative, and gold will continue to play its leading role as a major savings' tool and a "safe haven" (but not as a payment tool), especially during economic crisis periods or in developing countries. Though current investments in BTC are far more profitable than in gold, now Bitcoin is a purely speculative and officially unrecognized asset that unfortunately still has no practical use. BTC are based primarily on bull expectations of a majority of its investors and, especially, its main market-movers (so called "whales"). It is too early to underline a longterm investment and financial reliability of BTC, only time will prove it. Just remeber how BTC reacts on any FUD and artificial information attacks, not to mention strong risks such as potential strong restrictions or its prohibition by leading states, severe hacking attacks, etc. (in that case BTC price will collapse for sure).

[Mia_pikachu]

Bitcoin and  gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold.  But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.

Bitcoin and gold are two different entities as you have mentioned gold is physical which has been there for ages and will be there forever and bitcoin is completely digital and without internet we cannot use bitcoin hence there is no comparison between these two.

yes, indeed if used as investment can be spelled out both can be used for investment, but suppose bitcoin with mas of course different, bitcoin really need internet, and without internet of course we can not anything.

[jovs]

No, gold is a physical thing you can hold in your hand. Bitcoin is electronic data. It is stored on the blockchain for everyone to see. Everyone cannot see all the gold. The blockchain cannot be manipulated unless there is someone who controls over 51% of the mining power. Gold can be melted and turned into other material. Both are hard to change. Gold and Bitcoin are similar in some regards, but also very different.

There is always a war somewhere, but I don't believe it has any effect on whether people want gold or bitcoin.

There are some similarities and differences between gold and bitcoin, But both are considered to be a good choice to store your wealth through investment, because both are really so valuable. Gold has been a store of value for a very long period of time, it is a finite deposit, but unknown in terms of the exact quantity. Bitcoin is a non tangible, but consider as valuable and done electronically.