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Author Topic: can bitcoin in the future surpass gold?  (Read 18441 times)
nattykio
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August 09, 2018, 12:32:21 PM
 #81

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.
The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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pragna
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August 09, 2018, 03:05:24 PM
 #82

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
 #83

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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darewaller
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August 10, 2018, 08:14:39 AM
 #84

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
 #85

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
 #86

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
 #87

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
 #88

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
 #89

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
 #90

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
 #91

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
 #92

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, 11:33:33 AM
 #93

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
 #94

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, 03:43:48 PM
Last edit: August 11, 2018, 03:55:49 PM by HarmonyA
 #95

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
 #96

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
 #97

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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August 11, 2018, 06:13:19 PM
 #98

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
 #99

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
 #100

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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