Gold exist 1000+ years. while bitcoins exist 10 years.

[Ozero]

Mankind has been using gold for more than one thousand years and will still use it for a very long time. Compared to gold, cryptocurrency exists only a few moments. Moreover, it is used so far by a very small number of the population of our planet. Therefore, it is too early to compare these two financial assets. We do not yet know how cryptocurrency will behave in the future. There are great hopes, but only time will tell how much they will be justified.

[micher143]

What is the big deal if bitcoin is young and just exist for at least 10 years? There is no big deal on that since bitcoin has a great and advanced technology while gold is just a precious metal with a price on it. Gold is an old fashioned way of storing value while bitcoin is an advanced asset which it can help you to gain more interest on your money compare to the traditional assets like gold.

both are just backed by supply and demand, Gold have limited supply same with bitcoin. those two are great assets no need to compare it I think. Let's just accept that bitcoin and gold are two great asset, but in this today's world bitcoin is inline with technology so I think using bitcoin is more applicable in our today's society.

[Vishnu.Reang]

What is the big deal if bitcoin is young and just exist for at least 10 years? There is no big deal on that since bitcoin has a great and advanced technology while gold is just a precious metal with a price on it. Gold is an old fashioned way of storing value while bitcoin is an advanced asset which it can help you to gain more interest on your money compare to the traditional assets like gold.

Gold may be old fashioned. But it is still very effective as a store of value. You can compare the United States Dollar with gold. During the past 100 years, the purchasing power of USD has declined by more than 97%. On the other hand, the purchasing power of gold has remained stable during all these years and it is still being used by billions of individuals around the world to store their savings.

[Sahyadri]

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 can't compare the value of bitcoin to that of gold.
Price depends upon supply and demand. Gold is might be limited but not to the level of Bitcoin. There are only 21 million Bitcoin which means it has inbuilt deflation and it will remain the same and hence, the price growth.
Added to that BTC is also a currency which enables real-time fund transfer. Gold has on the other hand, has totally different use case. They are not comparable at all.
Regarding Bitcoin price sky rocketing, it is still in its infancy stage. There's a lot of potential still lying.

[Lorna111]

Some people want it physically, some don't. I think it's a matter of preference. Gold can also be used in the products the we use on a daily basis. No one can predict what will happen to bitcoin in the upcoming years but I do believe that it is worth investing for.

[LUCKMCFLY]

They have already said it, Bitcoin cannot be compared to gold, gold has a very large history, it represents the solution for countries in crisis, it is very valuable in wars, in ancient times it was the only form of payment, it has many advantages and it is taken into account as one of the biggest guarantees in an economy, bitcoin, it is with blockchain based technology and its concept is totally different.

The only thing that both seem to be is that they represent money, and the advantage of Bitcoin over gold is that it can be easily transferable from one place to anywhere in the world in seconds and its transaction tax is not so high, instead of gold if You must have permits and pay high taxes for your transfer from one place to another.

[yoseph]

Bitcoin at the moment isn't still widely accepted by everyone as a means of payment or regards it as the same level as Gold, mostly people feel that way because it's not tangible and others because they are technologically savvy to grasp the whole thing but with this current generation,  I believe that Bitcoins has paved the way for the crypto revolution and it has come to stay since this generation who are the future have accepted it.

[ivakar]

more gold gets mined every year so it is not really deflationary.

Compared to now where massive amounts of FIAT far in excess of GDP growth are being produced, gold is quite different.   I think the benchmark because GDP is unreliable and prone to politics, is to look at population growth.   If we could measure gold in the world per person that might be the measure of whether its inflationary or deflationary or by some magical means perfectly balanced.   
    Prices will fall when measured in gold I think, we dont have enough growth overall and there is alot of waste still occurring that could be avoided and obviously society is not always productive.   I certainly expect gold is keep rising every decade because of continuing weakness and debt based spending, again this isnt productive enterprise or competitive and efficient like economies should be so its unlikely we see the rise of value in various nations currencies in comparison. 

the world won't come back to the gold standard. because that would supposed to kick off current top5 countries off their places. gold can't be printed as dollars or euros.
and that means us and eurozone can not inflate their fiat base and GDP. 
us never let the control go

[STT]

Empires have risen and fallen before.   Go back a hundred years ago and it was the British empire, the largest that ever existed and to trade internationally every bank made sure to hold Sterling currency as payment for goods traded.    This idea is foreign to us now as the world has changed so much, UK has not disappeared but its far away from the defacto world currency that it once was at its peak empire expansion.  The amount of sterling held globally now is maybe 7% or less compared to US dollar which can be over 50% or completely duplicated at 100% by some banks in a fixed ratio.
    We are at a peak for the current system and it will change radically and as you say above the top countries in trading purchasing power are very likely to change.   Gold in respect of that will likely not change especially, it has never disappeared and behind every FIAT currency was always at least some gold as backing for the notes issued.  
    We used to keep far more rigid standards globally because of the fear of collapsed economies, failed trade and starving populations out of work and unable to restart economic progress necessary to feed the many poor every country has.  If are wondering how gold changes now it doesnt, all that changes is the price reflected in the value we respect gold by.   At present debt and notes are valued highly, that will change as gold is more often used in great proportion for trade as too alternatives like crypto or competing FIAT currency to the US dollar debt, some FIAT is backed by actual assets not promises made.

[lab rat hoax]

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.

I partially agree with this opinion. Bitcoin is the technology of the future and it has advanced so much in just 10 years. Bitcoin also seems to be more advantageous than gold with its untraceable and many other features. If one day more advanced technology than the blockchain does not emerge, bitcoin is the currency of the future.

[Pab]

 I don"t see to much sense to compering gold price to bitcoin price.Talking about bitcoin replacing gold is the same like bitcoin is replacing fiat money.If anybody think that Central Banks will buy bitcoin and hold bitcoin like a his reserve that he is wrong.Enough to remember dump from 20K to 3K
There are also some question to be answered.What after last bitcoin will be mined
I also think and i also wants bitcoin to be alternative not any  replacement .If you want bitcoin to be included in current financial system then be ready for very hard regulations

[dentolas]

1000+ years? wooowww... where do you think gold came from? 
gold has been here forever and humans use it since who knows when... well, the discussion about why we value gold above almost everything is another thing...
The point is, you can't compare two completly different things... we can speak about unit of measurement, máx. supply, etc, etc

[Arsenyo]

I don't think we should compare gold and bitcoin, it is two completely different things. Gold is a proven and effective investment. And of course the gold market is regulated, while cryptocurrencies still have problems with adoption.

[Sithara007]

1000+ years? wooowww... where do you think gold came from? 
gold has been here forever and humans use it since who knows when... well, the discussion about why we value gold above almost everything is another thing...
The point is, you can't compare two completly different things... we can speak about unit of measurement, máx. supply, etc, etc

LOL... the OP should have rather rephrased his statement as "gold has been used as an asset by the humans for 1,000+ years" rather than saying that "gold has existed for 1,000 years". Because gold has existed ever since the formation of our planet (4.54 billion years ago). So you can compare them like this: gold has been used as currency for the past 2,700 years (first records in BC 700), fiat currency has been in use since BC 600 (2,600 years ago in Lydia), and Bitcoin is in existence for the last 10 years.

[beej]

Gold is on another level of standards compared to bitcoins, but
if your talking about investments I think with todays available
options both are almost on par. Gold will continue to exist and
flourish more in the years to come as it has always did. I think
Bitcoin will exist and grow in the coming years, it has a lot to
prove and we’ve all been witnesses to it’s lucrative potential all
around. The last 10 years has been quite an interesting ride for
bitcoins, the next might be intriguing and surprising.

[Xxmodded]

Today bitcoin have pass more than four years will be could raised to 10 years? Gold could exist forever but bitcoin depend on how demand and supply for transaction of bitcoin, when many investor have tired with bitcoin always lower price maybe bitcoin season have ended and investor return to gold investment.

[ardentvolcanoes]

I don't think we should compare gold and bitcoin, it is two completely different things. Gold is a proven and effective investment. And of course the gold market is regulated, while cryptocurrencies still have problems with adoption.

If bitcoin will be regulated just like the gold then the adaption will not become a problem anymore and in fact, even though the cryptocurrencies are not well regulated in the majority of the countries in the world, people are still trusting and they preferred cryptocurrencies more compare to other investments just like gold.

The idea of making this system as a good asset for investment attracts more people to join and participate, most of the people who are working here treat Bitcoin as a good investment for both long and short term trades.

The numbers of years that Bitcoin exist showed the potential that it will have much better value after some years more.

[Sithara007]

Any comparison between gold and Bitcoin is unnecessary at this point. You can't even compare gold (which is having a market cap of around $8 trillion) with a relatively new asset such as Bitcoin (market cap of around $140 billion). Even at its peak (December 2017), the market capitalization of Bitcoin was less than 4% of that of gold. Some of the users are now comparing price of one BTC with one oz. of gold. Nothing can be farther from the truth, because the units used are not the same. One coin is not the same as one oz, as the first one is a digital asset and the second one is a physical asset. The only metric that we can compare is the market cap, and gold is far ahead in this regard.

[teosanru]

Well this is a bullshit comparison not because Gold is a better asset or bitcoin is a better asset or they are equal. This is something about the purchasing power parity. I mean to say the cost inflation index determines the value of any currency. Value of most of the things is determined by demand and supply with respect to general price levels in the economy. So for example, Gold once was worth $10-20 while any new invention today say if we develop a new type of calculator would not cost more than $10. So can you make a comparison between Gold & Calculator? NO because the calculator even if it didn't existed back then when gold was $10 it's value back then can be determined using simple economics and price Levels. So bitcoin too if is priced at $8k today it means it has discounted the price of more than 1000 years within it. If it would have been found 10 years earlier it would have never been $8k then. That's how economics works.

[STT]

The only metric that we can compare is the market cap, and gold is far ahead in this regard.

Size would go to dollars and the debt markets there overall but we arent trying to gain the largest players in the market, I dont see thats the objective of Bitcoin.   The sign of success for BTC will be serving the smallest interests, of which there are 7 billion people of course and ultimately its a far more important market audience.
   The only real way to gain the smallest 'bits' of an economy is by efficiency and utility.  BTC size might help in some regards but its secondary to the underlying purpose of achieving an easily exchangeable secured and independent digital currency globally.   There are digital currencies already but they are reliant on one company quite often so not secure longer term.