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Author Topic: can bitcoin in the future surpass gold?  (Read 2776 times)
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August 09, 2018, 11:07:22 AM
 #81

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.
It is the choice of investors in a way that he has to make the final decision and then he has to choose in between gold and bitcoin. However, if we look at the market value and the growth and demand rate of both the gold and bitcoin, then we will get to know that bitcoin has already surpassed gold in all the ways and that it is bitcoin which is most favorite way of investing of the money.

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August 09, 2018, 12:32:21 PM
 #82

There are chances this will happen because with the growing popularity of blockchain as it has practical application in virtually all works of life, Bitcoin will become the way forward in financial transactions.
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August 09, 2018, 03:05:24 PM
 #83

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 could no understand how you give sure!! On the other hand gold and bitcoin are two different things. Think it two way. you can compare gold which has a physical structure and btc has no physical structure and in future will not may be. But we can make hope in mind that BTC will be strong financial digital currency in future world.

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August 09, 2018, 09:39:41 PM
 #84

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!
I would not mind if we got back to a gold standard but I would like to see is for people to use gold directly and not pieces of paper backed by gold because if people do that then the same that happened before will happen again, however for big transactions overseas bitcoin could be the perfect choice since we can use it in a way similar to fiat with the advantage that is limited in supply like gold.



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August 10, 2018, 08:14:39 AM
 #85

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 what aspect are you talking about? Do you mean in terms of popularity or in price, what exactly are you trying to say? Because I think gold is all round better than Bitcoin and will always continue to be better than Bitcoin.

I have various reasons for saying so and one of them is that gold can be used for a lot of things and it is not like Bitcoin that can’t be used physically,… gold can be mined physically and used in producing a lot of things, making it the number one interest for investors.

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August 10, 2018, 08:20:24 AM
 #86

I always think that Bitcoin is a potential substitute for gold, but the current Bitcoin has not been effectively repaired because of the lack of team maintenance. This is a very bad thing!
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August 10, 2018, 09:25:07 AM
 #87

I believe that the future of Bitcoin can definitely surpass gold. I think gold has lost its original value. Now is the world of dollars, and the future is the world of bitcoin.
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August 10, 2018, 12:12:58 PM
 #88

We can't compare Bitcoin from gold. Even though they have respective value, but gold we can see the item physically compare with Bitcoin.
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August 10, 2018, 02:16:41 PM
 #89

I believe that the future of Bitcoin can definitely surpass gold. I think gold has lost its original value. Now is the world of dollars, and the future is the world of bitcoin.



I think you missed the one ounce of gold equal to bitcoin news. Last year 2017 itself bitcoin price seems touched that value which equals with the one bitcoin. Hence you do not need to drag this discussion furthermore
If you want to learn about usage comparison with bitcoin and regular gold may be good to have discussion buddy.

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August 10, 2018, 02:37:16 PM
 #90

We can't compare Bitcoin from gold. Even though they have respective value, but gold we can see the item physically compare with Bitcoin.

If we compare last five years we have seen a huge growth in the btc and when it comes to % terms btc has given much more return than that of the gold. But yes gold will remain forever and bitcoin not sure as some countries will decide to ban it then it would be no use for their citizens.

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August 11, 2018, 03:15:24 AM
 #91

Its actually not like that, It never possible Bitcoin turns gold physically but if you compare its value with gold , that fone done. Because, recent days if you notice the value of BTC almost 6k to 10k . So, if you mean BTC with gold by value or demand it already done.
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August 11, 2018, 04:31:44 AM
 #92

Bitcoin surpasses gold in various aspects and it is not controlled by third party, government or bankers. It's a complete decentralized crypto currency that allows you to send money without having to worry being track and it's much more convenient doing large amount of transaction in bitcoin because it's fast and secured.


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August 11, 2018, 06:03:43 AM
 #93

I fully agree with you. I'm sure bitcoin will be more important than gold too. But in the future. And now the price of bitcoin me very much upsets. I hope that the price will start to rise soon. And I will stop losing my investment and most importantly I will be positive again.

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August 11, 2018, 08:08:57 AM
 #94

Yes, I think that could happen. The amount of gold may be limited, but its value cannot be predicted. Unlike Bitcoin which has a mathematical grip that can be calculated, it becomes more stable and difficult to manipulate.
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August 11, 2018, 11:33:33 AM
 #95

Interesting idea. I love bitcoin and believe in cryptocurrency. But I'm not sure most people think so. In General, I'm not sure that bitcoin can replace gold.

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August 11, 2018, 01:36:25 PM
 #96

If Bitcoin can move toward the idea of replacing cash, then you still have higher value, but if he continues to be used by people for speculation, Bitcoin will only be a commodity in the future!
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August 11, 2018, 02:44:07 PM
 #97

Although gold is more of a realized through its value, it doesn't have any purpose of comparing it from any cryptocurrency since both of them functions differently. Everyone seems to think that it can surpass gold, while I can believe on that in its value but since you're like generally asking its comparisons/differences/similarities I kinda can't think how these two can be compared in their functions. Like gold for the value and Bitcoin for the digital currency. There is no such direct reason to compare it. I'll give you a short yes for the sake of the question of its value for the future to surpass gold though.

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August 11, 2018, 03:43:48 PM
Last edit: August 11, 2018, 03:55:49 PM by HarmonyA
 #98

Bitcoin is a digital currency, while Gold is a solid mineral that has always maintained a good market value. Bitcoin suffers a lot of fluctuation in price due to the fact that its claims and wants to surpass Gold and competing with the treasure of most nations as well as it disruptive potential on the norm of currencies.  Bitcoin won't be allowed to surpass gold because the world is filled with ideas, and I think that a lot of minds are already nurturing ideas that would nock bitcoin off its position. I also feel that the hype of bitcoin could be linked to huge investors who want to make a profit, then dump after they reach a good margin. That is one of the reasons why the price fall drastically amidst regulation. Though my idea is subject to opinions, Thanks

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August 11, 2018, 05:35:34 PM
 #99

I believe that the future of Bitcoin can definitely surpass gold. I think gold has lost its original value. Now is the world of dollars, and the future is the world of bitcoin.
I love bitcoin but to say that gold has lost its value is complete nonsense, gold is as good as ever the reason its price is not as high as it should be is because its price is being controlled by governments, if that was not the case then the price of gold will be at least four times higher and in times of crisis it has the tendency to skyrocket similar to what happens to altcoins and bitcoin.



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August 11, 2018, 05:36:05 PM
 #100

Bitcoin and gold are completely different things and their comparison is stupid. According to the modern portfolio theory, gold should be bought not because of high profitability, but because of weak correlation with different classes of assets, such as stocks, bonds and commodities. Gold can be considered another type of investment
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