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Author Topic: can bitcoin in the future surpass gold?  (Read 1511 times)
Barmalei06
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July 31, 2018, 06:38:04 PM
 #1

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.
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July 31, 2018, 07:46:38 PM
 #2

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.

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July 31, 2018, 10:16:22 PM
 #3

How are you going to compare those two? Gold is measured differently. Comparing them would be unfair because you can't tell how many Bitcoins will there be in a kilogram, grams, ounce . If they don't understand the potential of Bitcoin then let them do their own business.

But I'm sure that the future is for him!
I didn't know Bitcoin is a male. /s

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July 31, 2018, 11:40:38 PM
 #4

Bitcoin cannot surpass gold because golds are physically earn and you keep without it getting 'hacked' or 'harm', unlike bitcoin, it can easily be steal by others just by hacking or bypassing the data base of your wallet.
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July 31, 2018, 11:55:52 PM
 #5

Just want to know why do these people compare bitcoin to gold, what do they have in common? Do we pay with gold currently? No, but we can exchange it. It's the oldest thing that had value of buying things. It's better for you to read Gregory Mankiw's books.
Bitcoin is virtual so in real life we are depend on real things, can you depend on virtual asistant over real people? No, that will never happen so there is an answer on your question in this proposal.

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July 31, 2018, 11:59:22 PM
 #6

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 have another thought. I think btc will be crossed by other currencies in the future. Currently btc system is facing many disadvantages:
+Poor personal security (when you lose the key you have absolutely no way to get back or into your account)
+ Speed of transaction processing and difficulties in upgrading.
+Currently, whales are holding a large amount of btc so the price is completely dominated by the corporations
These are the points I can look out for. Please comment.
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August 01, 2018, 01:23:53 AM
 #7

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

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August 01, 2018, 02:18:04 AM
 #8

Stop comparing bitcoin and gold both were different things and why not both can stay in the future?
I was one of those people who have been calling bitcoin as digital gold before but IIRC, I or didn't I compared it to gold. But this must be stopped, bitcoin and gold are different and they have their own markets.

If someone has this word on bitcoin, it's probably he's too excited on what lies ahead for bitcoin.

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August 01, 2018, 02:37:32 AM
 #9

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.
Gold or Bitcoin all have their own advantages. Particularly than the current Bitcoin is shark manipulation of huge prices, security is not really absolute, there are still hackers. If you want to be safe, choose gold
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August 01, 2018, 02:44:51 AM
 #10

btc future is good i think next year final year ,now is btc is very down i hope all next year

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August 01, 2018, 04:12:17 AM
 #11

The only downside is, in my country, if you go out with too much gold in person, 99% you will be robbed. With Bitcoin, you can hit the road with countless coins you have, it hovering somewhere and only you can know where it is and how much it is, it is future.
Gold has experienced a lot of fluctuations for thousands of years. I do not think Bitcoin will surpass and replace gold. At least I can put gold at home, even if the Internet completely disappears.
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August 01, 2018, 04:56:04 AM
 #12

I'm not saying that gold is replaced by bitcoin, I'm talking about the fact that the crypto currency will gain popularity, as once gold and perhaps someday by popularity will surpass. Gold is palpable, but there is no crypto currency, but it does not mean that it is bad. crypto currency will gain popularity all over the world. yes with a crypto currency can crack, but with gold too can deceive, esteem on the Internet how many cases of purchases of false gold.
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August 01, 2018, 06:59:18 AM
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I'm not saying that gold is replaced by bitcoin, I'm talking about the fact that the crypto currency will gain popularity, as once gold and perhaps someday by popularity will surpass. Gold is palpable, but there is no crypto currency, but it does not mean that it is bad. crypto currency will gain popularity all over the world. yes with a crypto currency can crack, but with gold too can deceive, esteem on the Internet how many cases of purchases of false gold.

As far as the price goes, bitcoin already surpasses Gold many times already. As for being a hedge for lets say, financial issues, so far we only have 2 use case the bitcoin or crypto can at least help a country survived through economic woes, Venezuela and Zimbabwe. But regarding financial global crisis, we haven't seen it yet, because obviously we are not in that situation but others may argue that we are closer than we think. So its really hard to tell at this point, whether bitcoin can surpass Gold in terms of its usefulness specially in extreme cases like a War which Gold has proven to be the best hedge, IMHO.

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August 01, 2018, 08:07:59 AM
 #14

No ones can say for sure but I believe that Bitcoin cannot surpass gold because golds are physically earn and you keep without it getting 'hacked' or 'harm', unlike bitcoin, it can easily be steal by others just by hacking or bypassing the data base of your wallet.
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August 01, 2018, 08:48:58 AM
 #15

I also hope that Bitcoin can land on the moon and become a substitute for gold, but due to the decentralization mechanism of Bitcoin, many countries will not accept it! Because this will make them lose control of the economy!
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August 01, 2018, 09:50:48 AM
 #16

We can't compare bitcoin and gold,But according to the value,surely overpass the gold value in near future Smiley

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August 01, 2018, 02:48:08 PM
 #17

Gold is a physical commodity, with an actual value derived from its applicability and usefulness.
Bitcoin is a virtual currency, with no intrinsic value. It derives it's worth from the unique technology it's built upon,  and the flow of the market (demand and supply).
It can be dubbed digital gold, but I think they can't both be compared.
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August 01, 2018, 05:19:13 PM
 #18

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.

Last year February itself bitcoin price surpass the one ounce of good value. Do we do not worry about the cost bitcoin at anytime since the marketplace value is bigger than that value we saw.
I need to invest on the bitcoin in the sense I will do it now. Because this is the last moment we are seeing but coin at scratch value. Hope all will boom back soon.

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naturerock
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August 01, 2018, 06:55:21 PM
 #19

Bitcoin should be compared to fiat , not to gold.  These gold comparisons drive me crazy, how on earth is a digital currency similar to a precious metal?

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katherin_panini
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August 01, 2018, 08:33:34 PM
 #20

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.
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