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Author Topic: can bitcoin in the future surpass gold?  (Read 2477 times)
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August 16, 2018, 06:44:14 PM
 #121

The truth is that this technology is a sleeping giant and even in sleep it is being attacked and it withstands it. I am eagerly waiting for the time it will wake, if it can achieve this while asleep , imagine when it is awake....
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August 16, 2018, 07:16:44 PM
 #122

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.
In my opinion it is injustice to compare a tangible asset with an intangible asset. Also price is not always a measure of the quality and survival of everything. They are both assets, there price may go close for sometime but still the price will have no bad effect on both of these assets. Just like everything else they both have positive and negative aspects. The only difference is that gold is ancient asset and BTC is the future.

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August 16, 2018, 09:10:32 PM
 #123

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.
Bitcoin is also a store of value, it is not the best I will be the first to admit that but almost everyone with the exception of those that invested at the end of previous year is in profits even at the current prices, that should tell you that despite the volatility bitcoin has a very strong tendency to go up in value and this means great profits for those willing to hold it for the long term.



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August 16, 2018, 10:22:46 PM
 #124

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.

Agree with you all of us are pretty aware of the situation as now bitcoin is getting a lot of supporters and almost everyone is trying to get It, gold has become an old fashioned investment so it is the main reason for progress of bitcoin, it is modern age and people are being developed and get better life so we should not trust anything else but only bitcoin, it has more demand more price and more investors even than gold and diamonds for sure.
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August 16, 2018, 11:10:21 PM
 #125

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.
Bitcoin is also a store of value, it is not the best I will be the first to admit that but almost everyone with the exception of those that invested at the end of previous year is in profits even at the current prices, that should tell you that despite the volatility bitcoin has a very strong tendency to go up in value and this means great profits for those willing to hold it for the long term.

Yet the future of Bitcoin is still uncertain. We cant just say that Bitcoin would still be profitable in the next 10 years due to its limited uses and function, not unless if Bitcoin will continously making developments for further functionality than what is has today. One of Bitcoin's nature that makes it a very profitable investment, is its high volatility. Can anyone of us guess what will happen if all of the supplies has already been mined?
If you compare Bitcoin with Gold in terms of functionality and the lenght of possible existence, Bitcoin isnt even close to Gold. Bitcoin could easily beat Gold with the price alone and its not gonna take for long due to its volatile nature. Perhaps, this two shouldnt be compared anyway.
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August 17, 2018, 01:00:51 AM
 #126

maybe you made a bitcoin price exceeding gold? in my opinion we can't compare bitcoin with gold, because gold and bitcoin are different, gold is physical and bitcoin is not physical. For example there is a nuclear war and there is no internet because of the impact of nuclear war, then gold will be a valuable item over bitcoin.

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August 17, 2018, 01:55:00 AM
 #127

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.

I don't like the idea of comparing gold and bitcoin, because they are absolutely different to each other. But if the price is about to be discussed, there's no doubt that bitcoin can really surpass of gold price in the market and in fact, its already happened last year.
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August 17, 2018, 01:59:35 AM
 #128

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.

I don't like the idea of comparing gold and bitcoin, because they are absolutely different to each other. But if the price is about to be discussed, there's no doubt that bitcoin can really surpass of gold price in the market and in fact, its already happened last year.

I don't know why so many people compare bitcoin with gold. Gold can have some practical value and bitcoin is only considered as currency.

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August 17, 2018, 09:40:09 PM
 #129

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.
Bitcoin is also a store of value, it is not the best I will be the first to admit that but almost everyone with the exception of those that invested at the end of previous year is in profits even at the current prices, that should tell you that despite the volatility bitcoin has a very strong tendency to go up in value and this means great profits for those willing to hold it for the long term.

Yet the future of Bitcoin is still uncertain. We cant just say that Bitcoin would still be profitable in the next 10 years due to its limited uses and function, not unless if Bitcoin will continously making developments for further functionality than what is has today. One of Bitcoin's nature that makes it a very profitable investment, is its high volatility. Can anyone of us guess what will happen if all of the supplies has already been mined?
If you compare Bitcoin with Gold in terms of functionality and the lenght of possible existence, Bitcoin isnt even close to Gold. Bitcoin could easily beat Gold with the price alone and its not gonna take for long due to its volatile nature. Perhaps, this two shouldnt be compared anyway.
While the future of bitcoin is uncertain there are many indications the future is going to be bright, the developers are working hard to improve bitcoin, they activated segwit last year and the lightning network is being tested right now and you can use it at your own risk, so the development of bitcoin continues and I only see the price going up in the long term, that is why I think it is a great store of value.



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August 18, 2018, 04:15:56 AM
 #130

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

Yeah actually it is a good basis for comparison for those who have no idea what bitcoin is, or even is worth. It can be said to be a digital payment system that retains value more than gold and is therefore much more trustworthy and secure. Also it allows anonymous online transactions, etc. etc.

When you examine the particulars, they are nothing like each other, but people need some form of anchor when being introduced to something new. So the gold-bitcoin metaphor can be helpful if the person has never heard of bitcoin before just give them a basic idea.
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August 18, 2018, 06:57:01 AM
 #131

There's a particular point I've been trying to make to crypto market observers. And it is very simple. There's really point in comparing Bitcoin and natural gold. As long as gold is still mined, it will forever remain valuable. Nothing will change that. Bitcoin however is backed by technology. And technology can only keep evolving. But it is we humans that will determine what direction it evolves in. The future has room for both cryptocurrency and gold. There's no need whatsoever to set up a contest between them.
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August 18, 2018, 07:23:49 AM
 #132

yes of course the condition of bitcoin prices can beat the price of gold because the condition of the total supply of bitcoin is very limited and has very high demand can make the price of bitcoin can be very expensive.

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August 18, 2018, 12:32:41 PM
 #133

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.
Bitcoin has great power and has a big influence. If it is mentioned then I agree that Bitcoin is a digital gold. Bitcoin has a fantastic price value and is now referred to as a treasure that is in great demand by many people. Bitcoin is a valuable item as well as gold.

Never underestimate Bitcoin because in the future we will see the power of Bitcoin is far greater.

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August 18, 2018, 12:40:26 PM
 #134

Not in 10 years..I think it will pass gold within 2 years..believe me..
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August 18, 2018, 12:48:45 PM
 #135

This is given and the answer is yes.
BITCOIN is the king of cryptocurrency and this currency is the future of the world.
we are just waiting for much development and more time.
Fiat will be gone.

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August 18, 2018, 05:39:05 PM
 #136

I am just curious to know that why do people even compare these two things.
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August 18, 2018, 07:33:17 PM
 #137

There's a particular point I've been trying to make to crypto market observers. And it is very simple. There's really point in comparing Bitcoin and natural gold. As long as gold is still mined, it will forever remain valuable. Nothing will change that. Bitcoin however is backed by technology. And technology can only keep evolving. But it is we humans that will determine what direction it evolves in. The future has room for both cryptocurrency and gold. There's no need whatsoever to set up a contest between them.
But that is right now, the circumstances change very fast, bitcoin and gold are very different but at the end both of them are trying to achieve the same same function, the greatest advantage of bitcoin over gold is that if the technological development keeps at the current rate new deposits of gold will be available reducing its scarcity, while that is not the case with bitcoin, it does not matter how much you look there is only one source of new bitcoin and you need to become a miner to obtain it.



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August 19, 2018, 10:38:57 AM
 #138

Bitcoin is a gold in itself bitcoin has a high rate and value i think it doesn't need that in the future it surpass gold..
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August 19, 2018, 02:27:10 PM
 #139

can bitcoin in the future surpass gold?
I think no because Bitcoin very different with Gold. I remember, i have read the article about Gold and Bitcoin. And the most obvious difference is Bitcoin have created by computer and software, even need internet connection. But the gold, come on mate i know you're know about this, yes GOLD Is a Natural Resource. (uhh i hope people not compare about it)
Once again, about the price, Bitcoin very spekulative but the GOLD very stable, so in the future? I believe GOLD still exist, but Bitcoin i doubt it. Technology growing rapidly and maybe in the future there will be technology that replaces BITCOIN, And GOLD? it's not affect it.

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August 19, 2018, 02:33:12 PM
 #140

both gold and bitcoin will growth, who knows the future.
but i believe the crpytocurrency will grow faster than any investment product.
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