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Author Topic: Would bitcoin ever match diamond's worth?  (Read 302 times)
Cremeboy
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November 10, 2017, 05:25:25 PM
 #1

Please does bitcoin ever have the potential to be as worthy or even worth more than diamonds?

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November 10, 2017, 05:35:59 PM
 #2

Absolutely I believe it will one day. Remember the only thing giving value to diamonds is us... Nothing or noone else. We can do the same for bitcoin. We must decide its value. I believe. Bitcoin is headed exactly there... To the moon.
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November 10, 2017, 05:40:07 PM
 #3

Please does bitcoin ever have the potential to be as worthy or even worth more than diamonds?
The price range for 1 carat diamonds is between $3,080 and $26,950 per carat and Bitcoin now is already on 7K USD so we can now say that bitcoin has a potential to worth even more than diamonds in the future.

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November 10, 2017, 05:41:17 PM
 #4

You don't actually pay for the diamond being a diamond—you are paying for the tedious tasks accompanied on extracting the precious stone from beneath the Earth's surface and its limited availability as well. Same as bitcoin. You are paying for the output after an algorithm is completed which requires massive amount of computing power and energy, so if I were to ask the same question, yes, bitcoin has already matched a diamond in terms of value.

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November 10, 2017, 05:41:23 PM
 #5

It makes no doubt. Bitcoin is just at its very early stage of life. Most exciting things which we can predict will happen by 2020 and the halving. That times will be golden moments, both to live and for my wallet Cool !
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November 10, 2017, 05:42:44 PM
 #6

of course bitcoin will be able to achieve a higher value, seen from a short time bitcoin able to show credibility and fulfill everyone's dream.

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November 10, 2017, 05:48:31 PM
 #7

Most of the predictions that I've seen for BTC or other cryptos came true, so I am really eager of seeing its full potential.

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November 10, 2017, 05:50:27 PM
 #8

I think that this is quite real even now. We have already applied the price of a diamond, which starts from 3000 dollars, and bitcoin costs more. Bitokin is our own diamond Smiley

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November 10, 2017, 05:55:39 PM
 #9

Yes, I strongly believe BTC price will exceed diamond price. IMO, with Bitcoin potential, exceeding a house price of $100,000 in the long term is not a problem as well.

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November 10, 2017, 06:06:55 PM
 #10

I think that in the next decade bitcoin will be valued much more than diamonds and gold. Now the age of technology, and its main value, own diamond of a new high-tech era is bitcoin. This is already happening, the cost of bitcoin is already above the minimum cost of diamond.
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November 10, 2017, 06:12:30 PM
 #11

Very interesting topic, we’ve all heard compassion to gold but never diamonds
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November 10, 2017, 06:24:49 PM
 #12

This year has shown the true power of bitcoin. At the start of the year, bitcoin value surpassed the price of gold which stunned many people around the world who thought that this was nothing but a hyped up fad which would crash and disappear soon. The king of the crypto world continues to rise at a razor sharp rate and if this rally continues, I feel bitcoin will overtake bitcoin sometime during next year.

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November 10, 2017, 06:28:49 PM
 #13

You can't get what you paid for a diamond from any other dealer so I would not call it a functional market. It's a rigged non event that managed to fool enough morons into thinking that something that litters the Earth is desirable.

I can just about get gold. I'll never comprehend any stone 'market'. 

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November 10, 2017, 06:32:42 PM
 #14

What is a diamond? Treated diamond, transparent stone, sparkling in the sun. And what determines its value? Increased demand. It is quite comparable with bitcoin. Its value is also in the increased demand of buyers. It is possible that in the near future it can really exceed diamonds in value and this is absolutely real.

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November 10, 2017, 06:34:10 PM
 #15

Until now it still does not match the diamond price, but I am sure in the future to come a few more years maybe bitcoin will be the toughest rival of the diamond (the most expensive stone). How could this happen? because bitcoin in the future will be a rare thing as well as diamonds, the rarer the higher the price.


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November 10, 2017, 06:36:10 PM
 #16

Diamond was just a rock for centuries when people used them as mere exchange for products, now it is rare and that's why it's getting that value. Bitcoin is still in it's childhood and it'll be much more than diamonds.


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November 10, 2017, 06:53:25 PM
 #17

For me, it has a tendency that very soon it will be worth as much as that. As you can see right now, it is not possible to happen. Maybe one day we will be shock by its suprise price. We hope so.

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tora
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November 10, 2017, 06:53:47 PM
 #18

Diamonds are not as rare as some believe. There is a cartel that controls the supply and therefore the price of diamonds. This is not the case with bitcoin.
SHAWN-MIDWAYS
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November 10, 2017, 07:03:14 PM
 #19

Am not much of a precious stone enthusiast but I know the value of these natural stones lies in scarcity and are not readily available for supply and as far as I know bitcoin is on the right track to outmatch the value of these diamonds once all the 21 million coins are mined and demand keeps growing...we are certainly going to witness bitcoin match diamond's value!



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November 10, 2017, 07:04:23 PM
 #20

Yes , this is the goal target that i think Bitcoin should reach, Bitcoin already passed golds, now only diamonds left.

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