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Author Topic: can bitcoin in the future surpass gold?  (Read 1526 times)
nniecan001
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August 11, 2018, 06:13:19 PM
 #101

Can bitcoin in the future surpass gold?

This one is a quite interesting question,well... bitcoin has a good price but I don't think that this thing can surpass the gold for some reason. The main reason is about the limited count of gold, and the bitcoin has too much count than gold ( and still counting and growing ) . The more mining makes it lessen the value cause of too much supply I think. What do you think, this is just my own view about the comparison of each two party.

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August 11, 2018, 06:16:12 PM
 #102

bitcoin price is going down hope the price rises v soon cant say when the bubble can burst
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August 12, 2018, 03:41:26 PM
 #103

Bitcoin and gold are different. Is there any establishment today accepts gold as mode of payment? How can you compare their value? One bitcoin per what weight of gold?

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August 12, 2018, 03:45:50 PM
 #104

The demand already surpassed by bitcoin.
the number one market got by BTC from gold.
but the use will be sleeping with gold for a long time.
unless, bitcoin manage to spread its use.
to gain more merchants to accept bitcoin globally.

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August 12, 2018, 04:02:00 PM
 #105

Bitcoin and gold are different. Is there any establishment today accepts gold as mode of payment? How can you compare their value? One bitcoin per what weight of gold?
Yes bitcoin is different but it has many of the characteristics of gold so we can compare them, the lack of acceptance of gold as a money is the same problem that bitcoin has right now, but you are forgetting that for a long time gold was the most accepted form of money through the world and many are betting that when the next economic crisis happens the price of gold will skyrocket.



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August 13, 2018, 08:07:29 AM
 #106

yes of course that can happen and I'm sure it's very easy because the condition of bitcoin which has a very limited total supply can of course make the volume and price of bitcoin beat gold.
How exactly is that going to happen? What does Bitcoin has to offer apart from being a method of transaction and investment, but gold has even more to offer and has been around for years or should I just say centuries cause I believe it was right there when the world started and has been used by generations. Bitcoin can’t just jump out from no where and start to top the list. In fact we should stop comparing Bitcoin to Gold, they are two different things.

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August 13, 2018, 09:49:55 AM
 #107

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.
Probably we should not compare these two because they have their own advantages like gold is better investment in physical world while bitcoin is in digital world. Yes bitcoin can surpass gold and I think its already did but in some aspect bitcoin is nothing compared to gold because the popularity of bitcoin is not like gold and it means the demand of gold is higher than bitcoin and other crytocurrencies.

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August 13, 2018, 10:43:33 AM
 #108

Gold is depreciating, and Bitcoin is appreciating, which is what we see, but most of the appreciation of Bitcoin comes from commercial hype, which will cause Bitcoin prices to never stabilize!
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August 13, 2018, 01:17:43 PM
 #109

There was a possibility to surpass gold but the chances is very slim, given the volatility of the coin plus it moves by the decision made by the investors. Plus the fact that it required technology to operate in the economy. Gold is ver valuable with a physical value in it.
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August 13, 2018, 01:34:57 PM
 #110

bitcoin is digital gold. I agree with you. But bitcoin can't replace or surpass gold. This is a meaningless comparison. Bitcoin is a kind of virtual asset and the value of bitcoin is unstable. Investing in bitcoin is profitable but risky. Gold is a tangible thing and it is real. Gold can be considered as a safe haven.

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August 13, 2018, 03:51:26 PM
 #111

Agreed you can't really compare Bitcoin and Gold - sure they both have value but gold is a tangible thing that does have some uses in itself - makes jewellery, can be used for plating, used for some other applications and as long as people like shiny things it should still have some value. Bitcoin is just risky... but can be profitable
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August 13, 2018, 06:27:49 PM
 #112

Well, I hate those types of question ( like, Bitcoin or gold ...) ,  IMO you must post something different, and  do not be like the other.
Otherwise, there is big difference between gold and the king (btc )  , and  the era of Bitcoin has many advantages and of course it better than the FIAT and gold , and over time there is an evolution in BTC despite that there are always many attacks from some enemies ( like, the big governments ) through some attempts, but it is sure that they will not achieve their dreams.
Bitcoin can surpass everything , especially  when there is a total recogniztion  of cryptocurrencies in many countries.  .   
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August 13, 2018, 10:05:57 PM
 #113

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.

In which sense? It's unclear what you mean exactly. In terms of value? It's already past. In terms of use? It's an entirely different thing. In terms of how it's transacted? Again, entirely different. The only comparison you can realistically draw is the use as a hedge. Bitcoin is increasingly becoming more useful for people who want to protect themselves from political instability, trade war, currency devaluation, populism... you name it.

I agree with what Katherin is saying here that in terms of value, as in value in USD, which is the benchmark most people care about. Whether the comparison is actually apples to apples or apples to oranges, is not irrelevant to most people. When I talk Bitcoin to someone who I know isn't an enthusiast, but also not a hater, one of the first things I say them to get their attention and give validity to our digital friend, is this, "Did you know that Bitcoin is worth more than two or three times than a troy ounce of Gold??", to which they usually reply, "oh shit, you're right", and then I proceed to explain to them about how that fact alone should, and does, give BTC instant credibility, relevance and comparibility to anything that we give a USD value to. Of course, I'm considering all other things as equal. So the fact that BTC HAS surpassed the value of one troy ounce of Gold many times over, should answer your question OP. But, somehow, I think you still are going to be comparing apples to walnuts because if you would have done a little google searching for the value in whatever fiat currency you want to compare the value of XAU to BTC with, you'd have your answer and not ask such obviously apparent questions here. But then again, this is very subjective subject matter Smiley
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August 15, 2018, 04:43:45 AM
 #114

yes, of course bitcoin in the future will be able to beat the price of gold, because in my opinion the total gold supply is very large and gold is still very easy to obtain so I am sure that as technology develops and increasingly towards the development of the digital world, bitcoin will be able to beat gold.

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August 15, 2018, 01:01:47 PM
 #115

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.
Stop comparing bitcoin and gold both were different things and why not both can stay in the future? Bitcoin is already the most valued currency of the world but it don't have physical structure whereas the gold is metal and it is considered as the most safest investment so we can't compare them anyways.
Yeah i do agree, the value of gold is expensive as time passes by. Bitcoin is another way of investment too. We cannot compare this two for i believe gold is more valuable. I do believe in bitcoin it just like bitcoin market is unpredictable.
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August 15, 2018, 04:59:35 PM
 #116

It is obvious that the value of Bitcoin is significantly higher than that of the present, although both have a comparable number of exploits. But Bitcoin prices may outstrip even diamonds.

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August 15, 2018, 05:46:46 PM
 #117

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.
The reserves of gold are very large and the value is also stable, bitcoin is difficult to surpass gold on trust as well as total value. You said it was digital gold, it was just a small part of gold. Grin

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August 15, 2018, 08:22:54 PM
 #118

They are two totally different assets with different applications. They is no practical contrast between them. Gold is measured in weight, with a fairly stable price.
Bitcoin's value is determined by the market trend, and it's a digital currency which can not be weighted.
They are also at different levels of adoptions, Gold has been accepted for many years, cryptocurrencies on the other hand d is a new area, with a lot of possibilities.
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August 15, 2018, 10:24:38 PM
 #119

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.
The reserves of gold are very large and the value is also stable, bitcoin is difficult to surpass gold on trust as well as total value. You said it was digital gold, it was just a small part of gold. Grin
I think that whatever may be happening in the cryptocurrency market because of the small amount of Bitcoin and the increased investment demand, the value of Bitcoin's strong growth in the future is quite possible. . I put great faith in this market and I think it will be the future of the world currency.

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August 16, 2018, 02:46:44 PM
 #120

I believe that bitcoin is underestimated, I do not claim that it should only grow! But I'm sure that the future is for him! crypto currency in general, and bitcoin in particular - this is digital gold, many people still do not understand this. I'm sure that in ten years it will be so.
Yes i can also say that bitcoin was understemated but i can also say that bitcoin was become more higher and valuable in ne near future because i believed that it will be the next era  payment sysytem and currency whole over thw world. I do belived in that that bitcoin will reciver and be higher in the years comes.

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