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Author Topic: can bitcoin in the future surpass gold?  (Read 2779 times)
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August 06, 2018, 01:18:25 PM
 #61

Bitcoin has already surpassed gold. And indeed Bitcoin is still underestimated by many people.

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August 06, 2018, 05:58:17 PM
 #62

I personally think bitcoin in the future surpass gold. I also think bitcoin's price will increase rapidly.Now a days bitcoin is like gold
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August 06, 2018, 08:13:45 PM
 #63

We dont really have the right or accurate answer to that as bitcoin is so vulnerable and we dont have the prediction to it, but if the demand would go high then that would be possible as bitcoin has very limited supply just like gold but I think we dont have really right to answer this cause gold is a very limited material such as bitcoin also, but if we really take a step in implementing bitcoin all over the world that will make the statement "Bitcoin can surpass Gold" into reality, but as of now its all speculation. Just invest on the things you think worth the risk.
I believe that in the future when the cryptocurrency market can enter its orbit, it is possible for Bitcoin to overtake gold and become a very valuable asset. With very little current and rising demand over the years, I believe the value of Bitcoin exchange will continue to increase over time.

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August 06, 2018, 08:44:58 PM
 #64

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.

doesn't Bitcoin already surpassed GOLD?
Bitcoin is being manipulated by many government and elites.
they store gold to go up and sell it in public.
what i hate with gold is there is no way you can buy directly.
it always gone through many hands that is why it is expensive.
unlike bitcoin can easy be sell and buy.

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August 07, 2018, 01:54:16 PM
 #65

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.

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August 07, 2018, 04:11:48 PM
 #66

No, I do not think so, bitcoin is only an intangible asset and gold is a tangible asset
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August 08, 2018, 06:01:43 AM
 #67

 The fact that "Bitcoin can surpass Gold" is even being considered is already huge in my opinion, a few years ago this would be unimaginable. This proves that Bitcoin is heavily outperforming expectation and although most alt pumpers say that Bitcoin is broken, it is the only crypto that is a potential candidate for a challenge like this.

Gold is the preferable store of value for ages and this will probably remain to be the case. However, since Bitcoin has better features and will be way more accessible especially for younger generations. I think we can't wait to unravel the future.
Also, use cases of Bitcoin are more diverse, it is easier to handle and more accessible, there is a big chance that younger people will prefer Bitcoin and thus own more of it.
This is our generation remember!!

But, aside all the hopes and optimism around Bitcoin, It will just be Nice and more beneficial to be in a generation where Gold and Bitcoin are big Financial assets.
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August 08, 2018, 06:20:35 AM
 #68

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.

Digital gold currency exists as well, you buy some and get a digital certificate proving the ownership. There are just a few issuers since a lot of people considered it as a high-yield investment program and a decade ago fraudulent schemes were really using it and some sprang up and disappeared after some time, people lost millions of dollars in.

But I do agree Gold shouldn't be compared to Bitcoin because both are different investments types

Talking about investments, I think gold and Bitcoin are perfect assets to combine in a anti inflation and crisis resistant portfolio. Gold can be seen as the stable asset while Bitcoin has a way bigger potential, but also more risk.
Your reason for investing could use to be insurance-based to protect your money. In which case, the answer is to diversify. If one fails, others will still have a fighting chance to keep you afloat. All of these have pros and cons, weigh them out, and see what is best for you to protect yourself. I think each have strengths that are valuable and purposeful in such an event.
Furthermore, both could benefit from upcoming global unrest and recession.
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August 08, 2018, 12:07:23 PM
 #69

An interesting conclusion of the author of the topic. Can you name one reason for this? And another question. Did not bitcoin overtake gold?

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August 08, 2018, 12:57:12 PM
 #70

I think that bitcoin and gold now belong to two different things. When Bitcoin is used in commercial hype and whale control, it will be farther away from gold!
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August 08, 2018, 03:04:01 PM
 #71

Hasn't bitcoin surpassed gold in the past? So it may or may not surpass gold in the future. Gold is currently more reliable and I believe it's fluctuations are far less extreme than other investments including bitcoin.
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August 08, 2018, 04:02:53 PM
 #72

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.

Digital gold currency exists as well, you buy some and get a digital certificate proving the ownership. There are just a few issuers since a lot of people considered it as a high-yield investment program and a decade ago fraudulent schemes were really using it and some sprang up and disappeared after some time, people lost millions of dollars in.

But I do agree Gold shouldn't be compared to Bitcoin because both are different investments types



Talking about investments, I think gold and Bitcoin are perfect assets to combine in a anti inflation and crisis resistant portfolio. Gold can be seen as the stable asset while Bitcoin has a way bigger potential, but also more risk.
Your reason for investing could use to be insurance-based to protect your money. In which case, the answer is to diversify. If one fails, others will still have a fighting chance to keep you afloat. All of these have pros and cons, weigh them out, and see what is best for you to protect yourself. I think each have strengths that are valuable and purposeful in such an event.
Furthermore, both could benefit from upcoming global unrest and recession.

Yeah they do serve as good balancers to each other. The thing I don't like about gold is how easily manipulated it is by big investors. Banks don't even print paper when money comes into it. They just put it into their pockets and loan it out to other customers for a huge profit.

Physical gold can be quite useful, but it's not exactly practical to have in large amounts. A good portfolio would have a combination of both physical and paper. Bitcoin is more adaptable and able to be used in a variety of situations.
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August 08, 2018, 05:24:15 PM
 #73

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 question here is not whether and when he will do it.Now is the era of the Internet, the technology of the future is not far off.When we replace all the electronic organs and will repair themselves for bitcoin (it's all a joke of course but who knows) of course bitcoin will not replace gold,but it will be better as an asset .
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August 08, 2018, 09:36:47 PM
 #74

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 is being underestimated I will agree on that but gold is being underestimated as well, the huge market cap of gold is in fact being suppressed right now and if there is a problem in the economy it is likely the price of gold will skyrocket as well, after all almost everyone in the world knows that gold is valuable but very few know about bitcoin.



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August 08, 2018, 09:57:28 PM
 #75

Bitcoin has to be atleast worth over 50, 000 usd and at a stable rate to be considered the future commodity to replace gold

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August 09, 2018, 05:42:38 AM
 #76

actually it is very difficult to compare the two because it is two different things that only have the same goal, namely investment, in terms of the present value of bitcoin is much higher compared to gold but in terms of security and the level of risk of gold loss is much smaller the level of risk .
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August 09, 2018, 08:16:26 AM
 #77

I always hope that there will be a cryptocurrency instead of gold, so that we can achieve real trading freedom, but the current situation is not ideal, because most merchants create coins just to swindle money!
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August 09, 2018, 09:16:14 AM
 #78

Bitcoin can not surpass gold, the value of gold is great and moreso the use of gold is to beautify humans body and aslo serves has asset to the owner. However, bitcoin only have one use which is asset value in the world. The only thing that can happen to Bitcoin is that it value will increase and become profitable to the owner.
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August 09, 2018, 09:18:13 AM
 #79

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, anything will be possible in next ten years. In my view it is already started toward being a digital gold. What you mean by "surpassing gold" ? When bitcoin was trading above $1000 for the second time in January 2017, people were discussing about beating gold and bitcoin did that in terms of price level of one ounce of gold and bitcoin surpassed that levels very easily.

bitcoin only have one use which is asset value in the world. The only thing that can happen to Bitcoin is that it value will increase and become profitable to the owner.
You forget the fact of bitcoin being used as asset which means why people leave off gold for the reason of switching over to bitcoins. It is already happening and in future, when people concern about more secured way of saving assets then saving bitcoin will be their easy find.
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August 09, 2018, 09:45:11 AM
 #80

In terms of price bitcoin has already surpassed the gold which is the most prominent investment that most of the people around the world prefer. When it comes to the volume of gold it is impossible to surpass by bitcoin with its limited number of bitcoin. Maybe when the price reaches high this could happen, but from my personal view it is hard to achieve.



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