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Author Topic: Gold exist 1000+ years. while bitcoins exist 10 years.  (Read 15303 times)
andieoke
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June 07, 2019, 03:06:47 PM
 #221

Gold and Bitcoin are different, even though they have the same investment value.  Gold is a real item, while Bitcoin is a digital item.  For this reason, both fans also come from different groups.  Gold is more interested by traditional people and Bitcoin is more in demand by Modern people.  And Bitcoin has a higher risk, although Bitcoin can experience faster changes, while Gold is safer even though the price movements are slower.

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June 07, 2019, 03:41:31 PM
 #222

During old times, gold coins were used as a currency everywhere in the world. But as the population increased, it became difficult to find enough gold to mint the coins. So the governments came up with the alternative of fiat coins and banknotes. And in due course of time, this fiat currency will be replaced by cryptocurrencies such as Bitcoin.
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June 07, 2019, 04:39:57 PM
 #223

investment cannot be measured by time. there is no guarantee that gold or crypto will prevail in the future. it is possible that in the future there will be other popular types of assets from gold or crypto. investment is based on market demand so no one can predict the glory of investment assets. because when cryptocurrencies created it is not intended for digital assets but for online transactions.
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June 07, 2019, 05:26:06 PM
 #224

investment cannot be measured by time. there is no guarantee that gold or crypto will prevail in the future. it is possible that in the future there will be other popular types of assets from gold or crypto. investment is based on market demand so no one can predict the glory of investment assets. because when cryptocurrencies created it is not intended for digital assets but for online transactions.
I agree that there is no point in calculating the stability of any currency or metals. There is no absolute guarantee that Bitcoin will cost a million dollars. It is amazing to hear now, but Bitcoin may well cost $ 1 if any error is discovered.

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June 07, 2019, 06:34:56 PM
 #225

investment cannot be measured by time. there is no guarantee that gold or crypto will prevail in the future. it is possible that in the future there will be other popular types of assets from gold or crypto. investment is based on market demand so no one can predict the glory of investment assets. because when cryptocurrencies created it is not intended for digital assets but for online transactions.
Firstly, I disagree with what Apes said because gold how been in existence before you and I are giving birth to. Besides, the institutions called it federal reserve and this proof that it will prevail in future.


I agree that there is no point in calculating the stability of any currency or metals. There is no absolute guarantee that Bitcoin will cost a million dollars. It is amazing to hear now, but Bitcoin may well cost $ 1 if any error is discovered.
Yes, the future are not promised and if any error is discovered Bitcoin can go back to $1 but the work of crypto communities, developers and miners is not to join crypto currency but to also fix crypto related problems and make crypto currency great which is the reason why Satoshi said Bitcoin is decentralized so we can find solution to every errors or problem by ourselves.

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June 07, 2019, 06:45:38 PM
 #226

investment cannot be measured by time. there is no guarantee that gold or crypto will prevail in the future. it is possible that in the future there will be other popular types of assets from gold or crypto. investment is based on market demand so no one can predict the glory of investment assets. because when cryptocurrencies created it is not intended for digital assets but for online transactions.
I agree that there is no point in calculating the stability of any currency or metals. There is no absolute guarantee that Bitcoin will cost a million dollars. It is amazing to hear now, but Bitcoin may well cost $ 1 if any error is discovered.
No one among us can predict exactly what future will bring to this industry, there's no need comparing both assets even there's similarities being
a good assets to hold, value will increased when demands push it higher, the fate of this market will be in the hands of its believers progress and
developments will happened if supports will continue to be there.

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June 07, 2019, 09:54:53 PM
 #227

why you compare it, it cant be gold and bitcoin have their own value we already know total supply of bitcoin it just 21 million.
price bitcoin will go skyrockets if people start to believe it and use that for currency as fiat.

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June 08, 2019, 05:17:24 AM
 #228

You can not compare both gold and bitcoin, they do not have any thing in common, gold is a physical valuable, while bitcoin is a digital asset and Bitcoin has achieved more value in 10 years than gold in 1000 years.
That is a valid point, bitcoin has surpassed the valuation of gold nor anything in the world in a short period of time, there have being wars in the past to loot the wealth and during gold's reign as the supreme metal throughout history, i really do not know how many wars have being fought in the name of gold, but i am sure there were many, can we expect cyber warfare in the name of bitcoin in the future.  Cheesy
Yeah one of them happened because of gold, the army wanted to fight because of gold, they were loyal because of gold. maybe in the future too, cyber warfare to loot or get paid from bitcoin. Gold has long existed, but new commodities have emerged, and that is in great demand for modern people

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June 08, 2019, 06:05:00 AM
 #229

Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Also the internet existed about 25+ years. Bitcoin price is higher than gold by over 200%. I think the value of Bitcoin is going to sky rocket once again. When technology gets more advance n the Bitcoin system upgrades. Just another speculation.
Gold has a 1000 year development process, but it can only be used as a jewelry or used as a form of asset accumulation. Bitcoin has 10 developments, but it brings many more valuable benefits than gold. Bitcoin can use as an accumulative asset in an anonymous form, which can also use as a currency.

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June 08, 2019, 10:09:57 AM
 #230

I don't know if bitcoin will cost more gold. In general, in my opinion this is an incorrect comparison. But one thing I know for sure. Bitcoin, like other cryptocurrencies, will take its place in the global economy.

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June 08, 2019, 10:36:25 AM
 #231

You can not compare both gold and bitcoin, they do not have any thing in common, gold is a physical valuable, while bitcoin is a digital asset and Bitcoin has achieved more value in 10 years than gold in 1000 years.

This is inevitable, you know.

People will obviously and continuously compare these two since they are great investment these days, except Gold since it's been a long time that it is a good investment. People can't invest in gold, what I am saying is that people will choose a lot of assets and they will end up to consider Bitcoin or gold, at that time they will be comparing these two though I will pick gold obviously for a safe investment, though I can't do that since I don't have that much money to invest.

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June 08, 2019, 11:28:19 AM
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 #232

You can not compare both gold and bitcoin, they do not have any thing in common, gold is a physical valuable, while bitcoin is a digital asset and Bitcoin has achieved more value in 10 years than gold in 1000 years.

This is inevitable, you know.

People will obviously and continuously compare these two since they are great investment these days, except Gold since it's been a long time that it is a good investment. People can't invest in gold, what I am saying is that people will choose a lot of assets and they will end up to consider Bitcoin or gold, at that time they will be comparing these two though I will pick gold obviously for a safe investment, though I can't do that since I don't have that much money to invest.

Buying gold is never a investment it always is a hedge against governments. If you want to invest in gold you buy gold mining stocks.

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June 09, 2019, 09:44:14 AM
 #233

Well gold is physical while bitcoin is virtual, but both have their role, while gold can be stored and sold when want, and bitcoin can be used for payments is more usefull bitcoin on my opinion then gold.

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June 12, 2019, 02:22:15 PM
 #234

Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Also the internet existed about 25+ years. Bitcoin price is higher than gold by over 200%. I think the value of Bitcoin is going to sky rocket once again. When technology gets more advance n the Bitcoin system upgrades. Just another speculation.

Gold exists for millions of years and have been used as asset for much longer than just 1000 years.

And it is completely inaccurate to compare BTC price and the gold supply since golds supply is not the same as bitcoins.

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June 12, 2019, 03:06:27 PM
 #235

Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Also the internet existed about 25+ years. Bitcoin price is higher than gold by over 200%. I think the value of Bitcoin is going to sky rocket once again. When technology gets more advance n the Bitcoin system upgrades. Just another speculation.

You got it all right. Today An airport in Saudi Arabia was hit by a missile fired by Houthi rebels. Looks bad for middle east, Gulf and Stock markets.

Gold going to $1800/ounce
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June 12, 2019, 03:33:23 PM
 #236

You can not compare both gold and bitcoin, they do not have any thing in common, gold is a physical valuable, while bitcoin is a digital asset and Bitcoin has achieved more value in 10 years than gold in 1000 years.

That is true that btc is a recent phenomenon and future may be great for countries which ban it or may not make it legal will be worthless and for them gold will only be the case they have to be with it and btc is digital currency which has many uses as well .

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June 12, 2019, 03:45:34 PM
 #237

Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Also the internet existed about 25+ years. Bitcoin price is higher than gold by over 200%. I think the value of Bitcoin is going to sky rocket once again. When technology gets more advance n the Bitcoin system upgrades. Just another speculation.

Gold has existed for much much longer than 1000 years. There is strong evidence that it has been here since the begining of the planet earth, possibly before? From human perspective it may be losing value since we're moving towards digital economy but there are many physical uses of gold which we do not even know yet. Once we've completely moved away from physical money and physical investment, we can finally start using gold for more productive things.


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June 12, 2019, 04:50:39 PM
 #238

In my opinion.  Gold will last until whenever in the world because gold has been very trusted by the people in investing or saving money, but even though there are also those who choose bitcoin who are not even 10 years old.  At present, but this is good enough for bitcoin or gold because if you have a lot of interest, then both will remain at the peak of glory

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June 12, 2019, 09:17:02 PM
 #239

During old times, gold coins were used as a currency everywhere in the world. But as the population increased, it became difficult to find enough gold to mint the coins. So the governments came up with the alternative of fiat coins and banknotes. And in due course of time, this fiat currency will be replaced by cryptocurrencies such as Bitcoin.
Here you are talking about thousands of years of currency evolution from the gold coins of the Roman empire to the current state which took centuries to reach where we are now and to image that the world will adopt bitcoin in the near future is a fantasy thought process, bitcoin is not empowered by any state or country to adopt them as their primary currency and bitcoin is not here to take over any countries fiat currency, it is still in the beginning phase and governments around the world are planning to implement rules and regulations to see how bitcoin fit in their economy.
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June 12, 2019, 09:59:27 PM
 #240

This discussion can be a real fundamental debate between economists but the value of both financial asset is from each other. The price graphic is different if you zoom in but both charts have the same similarities and correlation.  There is no reason to compare the gold price and expect the same move by Bitcoin. It is more suitable to compare the digital money with the Dot com bubble.
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