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

[KnightElite]

Gold is a good investment because it has a store value that keep increasing over time. Bitcoin is also like that even it is only created 10 years before. There is a deflation that happening in bitcoin and it attracts other people because of its potential in the market.

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[Darooghe]

Gold will always have value no matter how big crypto gets. Gold is a metal that can be shaped into anything and is also used for circuits, etc. gold can’t be destroyed where as crypto currency can be lost forever. i don't believe they are competing uses. gold is no longer used as currency, although because of its history it is still a part of central and international banking and finance as a supra-national currency, the currency of last resort, held in central banks the world over. it has gone from kinda stable domestic and global currency to insurance and final currency.

Bitcoin is analogous to gold but is supposed to be monetized and used for payments. it's supposed to actually circulate and be used. if it never achieves this i see no reason for it to stick around, particularly if another currency does achieve this. it cannot evolve into gold as it sits today as an insurance and mostly store of value only, because it lacks thousands of years of monetary history, and there's really not much of a need or use case for an electronic counterpart of gold's current use case.

[Sithara007]

Gold is a good investment because it has a store value that keep increasing over time. Bitcoin is also like that even it is only created 10 years before. There is a deflation that happening in bitcoin and it attracts other people because of its potential in the market.

Check the charts for gold, and you will find that the purchasing power of gold has remained more or less stable. It has not increased, and it has not gone down. And that is the reason why a lot of us treat gold as a store of value. On the other hand, the purchasing power of Bitcoin has increased by more than a million times ever since it was created in 2009. And in the future also, it is likely to go up, in sync with the increase in the number of users. The prices will be stabilized only when the majority of the world population starts using BTC. Until then, both the exchange rate and the purchasing power will continue to increase.

[Suslived]

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.

It's amazing to look back at how far Bitcoin has gone. Truly a "rags-to-riches" story if you consider how bitcoin started at $0 value and has reached $20,000. The idea behind it is simply genius and is testament to what human innovation and imagination can achieve.

It's almost for sure that in the near future more "upgrades" and enhancements to the bitcoin blockchain will drive the price/value even higher.

[ufaiz50]

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 how long it's been there, gold and bitcoin are in different times. You say the value of bitcoin is higher? You compare one gram of gold with 1 bitcoin, what if I go back, one gram of gold with 1 satoshi.

Bitcoin value depends on market demand, then how is the future of 1000+ bitcoin in the future? This is still a mystery. I'm sure experts will also find it difficult to predict the value of bitcoin in the next 10 years.

[Vishnu.Reang]

It's amazing to look back at how far Bitcoin has gone. Truly a "rags-to-riches" story if you consider how bitcoin started at $0 value and has reached $20,000. The idea behind it is simply genius and is testament to what human innovation and imagination can achieve.

It's almost for sure that in the near future more "upgrades" and enhancements to the bitcoin blockchain will drive the price/value even higher.

What you have seen till now is just a teaser. The real picture is yet to come. There was a news article published today, which claimed that there has been an 83% increase in the number of US based cryptocurrency exchange users. Despite adverse circumstances, the user-base is growing at a rapid pace. Very soon, it will convert in to higher demand and thereby higher exchange rates.

[abhiseshakana]

What you have seen till now is just a teaser. The real picture is yet to come. There was a news article published today, which claimed that there has been an 83% increase in the number of US based cryptocurrency exchange users. Despite adverse circumstances, the user-base is growing at a rapid pace. Very soon, it will convert in to higher demand and thereby higher exchange rates.

From the history of bartering to the present, we have observed that transaction tools have evolved. The millennial era with the advancement of technology gave birth to a new medium of exchange, namely bitcoin or cryptocurrency.

It is the timing now because its millennial generation is characterized by its young people being literate in digital technology. Bitcoin users have a consensus that bitcoin has value, this consensus determines the rise in value of bitcoin. Many assume that bitcoin will dominate in the future and be accepted by all parties, but in reality, the majority of governments prohibit bitcoin as a legal payment tool.

Seeing Bitcoin as an investment tool is different from seeing bitcoin as a medium of exchange. As a medium of exchange bitcoin has a blockchain facility that makes it easier for users than gold. but talk of gold safety does not need to be debated again. So comparing bitcoin with gold, it's like comparing apples with oranges.

The increases in transaction volume and the emergence of new exchanges proves that more and more people understand what bitcoin is. Because when we understand something, we invest not only speculate.

[STT]

purchasing power of gold has remained more or less stable

Pricedingold com is a good site for that.   Tracking the price in gold is not especially extreme a consideration, we could call it 1970 US dollars price back when it had a fix to gold and ever since then prices have drifted because dollar itself had no value known for sure but invariably the price of gold is rising every decade.   The problem people have is they dont want a price over ten years but everyday and in that respect gold is too long term for many.
   Anyone who saves a pension should have at least some gold, that logic is lost to modern society and by the time we regain that common knowledge in our society the price of gold will be far higher and maybe too many will like gold at that point when the utility and growth available in others assets is higher.

[Sithara007]

The increases in transaction volume and the emergence of new exchanges proves that more and more people understand what bitcoin is. Because when we understand something, we invest not only speculate.

There has been a lot of FUD and negative propaganda directed against Bitcoin for the past several months. Despite that, Bitcoin managed to survive and thrive. When the exchange rates fell from $20,000 in December 2017 to $3,000 by March 2019, a lot many of the mainstream analysts were quick to predict doom for Bitcoin. But they were proved wrong (just like what happened in 2015). The mainstream media still remains openly hostile to Bitcoin, but the recent price changes prove that their stance doesn't really matter.

The data from the global cryptocurrency exchanges also confirm that interest in Bitcoin remains strong. Most of the exchanges have witnessed close to 100% increase in the number of users during the past 12 months. And this data is likely to be accurate, as almost all the exchanges have made KYC mandatory. The basics remain strong for Bitcoin. The number of users are increasing and the transaction volume is rising. What we need now is more mainstream investors in the Bitcoin domain.

[Murat]

It's not fair of comparing Gold with Bitcoin, you know Gold has the vast acceptability at every corner of the globe, the credibility of also gold has much bigger than Bitcoin because of having real value, gold is the most used metal since the very early age of human life. and Bitcoin is just 10years old so it still a newborn in comparison to the gold, but when you relate the price rising of both then Bitcoin has a positive sign, it's a potential much than Gold, but you can't yet reach the position where gold exists, but I believe Bitcoin will have a more value and acceptability around the world when people will realize its facts and factors.

[EdvinZ]

I think that if something had value for many years, it must not necessarily be as valuable and dominate in value over everything else in the future. It is likely that digital technologies are valued higher by investors nowadays than gold, because blockchain is a very convenient development that can be useful for almost any sphere of life. Undoubtedly, gold has established itself as a very valuable resource and is indispensable in industry, medicine, jewelry and much more. But the world is developing, there are amazing discoveries and revolutionary technologies are invented, which are appreciated by people very highly. I think this is a normal process.

[akmal1984]

It is true. Maybe now it is the time of bitcoin and the price is also high according to the times I think. It's not fair to compare something different from the price alone. Gold has become an important part of human life from time to time. I am sure one day bitcoin and crypto are no longer valuable, but gold can still be very reliable.

[White Christmas]

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.

We already know that the bitcoin is very high in terms of price than the gold and it is just for only 10 working years. We don't know when would be the bitcoin will going to sky rocket again just like what happen in the past year 2017 so we must just wait until the time that it may happen again, but the one thing  that I can assure, bitcoin will sky rocket again but we don't know yet when it would be. Because of the very fast growing of technology the crypto and blockchain technology is growing also so it can helps the bitcoin system to upgrade and grow more.

[Triffin]

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.

We already know that the bitcoin is very high in terms of price than the gold and it is just for only 10 working years. We don't know when would be the bitcoin will going to sky rocket again just like what happen in the past year 2017 so we must just wait until the time that it may happen again, but the one thing  that I can assure, bitcoin will sky rocket again but we don't know yet when it would be. Because of the very fast growing of technology the crypto and blockchain technology is growing also so it can helps the bitcoin system to upgrade and grow more.

Yes, fast growing technology has a great impact on the bitcoin price and as the time goes by the technology is improving and awareness about technology has increased very fast, due to which the blockchain and crypto is growing which inturn has a benefit to bitcoin, and surely the price of bitcoin will go to sky by the coming years and this price attracted the people that is why it has more value than gold.

[NeironixNV]

It is true. Maybe now it is the time of bitcoin and the price is also high according to the times I think. It's not fair to compare something different from the price alone. Gold has become an important part of human life from time to time. I am sure one day bitcoin and crypto are no longer valuable, but gold can still be very reliable.

With the current trend - digitalization of the economy, I believe that bitcoin will only gain its relevance and will have the same historical importance in the future as gold, at least I follow the development of this story at https://neironix.io/en

[Xxmodded]

Gold is a good investment because it has a store value that keep increasing over time. Bitcoin is also like that even it is only created 10 years before. There is a deflation that happening in bitcoin and it attracts other people because of its potential in the market.

Check the charts for gold, and you will find that the purchasing power of gold has remained more or less stable. It has not increased, and it has not gone down. And that is the reason why a lot of us treat gold as a store of value. On the other hand, the purchasing power of Bitcoin has increased by more than a million times ever since it was created in 2009. And in the future also, it is likely to go up, in sync with the increase in the number of users. The prices will be stabilized only when the majority of the world population starts using BTC. Until then, both the exchange rate and the purchasing power will continue to increase.

Before knowing money as transaction payment, last thousand years gold become payment transaction with called dinar and dirham. People use gold for transaction like using money to buy some thing, after publish money gold become investment assets and keep exist until thousand year until now, bitcoin maybe only exist for twenty years later if price keep stable and will gone several year later if bitcoin price have down.

[BartS]

It's not fair of comparing Gold with Bitcoin, you know Gold has the vast acceptability at every corner of the globe, the credibility of also gold has much bigger than Bitcoin because of having real value, gold is the most used metal since the very early age of human life. and Bitcoin is just 10years old so it still a newborn in comparison to the gold, but when you relate the price rising of both then Bitcoin has a positive sign, it's a potential much than Gold, but you can't yet reach the position where gold exists, but I believe Bitcoin will have a more value and acceptability around the world when people will realize its facts and factors.

The comparison seems fair to me, gold is by far the best form of money we have come up with since it has all the characteristics you may want in money.

Many keep thinking that bitcoin needs to beat fiat but that is not true, bitcoin has been better than fiat since day one, we are only lacking adoption, the true measure of the success for bitcoin will be if bitcoin begins to replace gold and take away some of its functions, if that happens then bitcoin will be on its way of becoming the best currency around the world.

[karanggatak]

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.

yes, that's the great thing about bitcoin, I think bitcoin and gold is an asset that will be beneficial if made for investment. gold may have existed centuries ago, while bitcoin only turned 10 years old. I don't think longevity is something that can be more valuable, in my opinion that can make something of value because of its benefits. I think the price of bitcoin is more expensive than gold, because bitcoin has advantages over gold. so people prefer bitcoin over gold and with all that makes bitcoin prices higher.

[Clark05]

Gold will still exist more thousands years for sure or the life span of the gold is very long than the bitcoin and that's the fact the bitcoin is not forever or only maybe more decades still before the bitcoin gone in the crypto world but the good with that before the bitcoin gone in our world they have people who change already their lives or they become millionaire or having a lot of money.

[Memminger]

Gold will still exist more thousands years for sure or the life span of the gold is very long than the bitcoin and that's the fact the bitcoin is not forever or only maybe more decades still before the bitcoin gone in the crypto world but the good with that before the bitcoin gone in our world they have people who change already their lives or they become millionaire or having a lot of money.

It always comes down with the demand. The life of Bitcoin or even in general whether a product, person or a government, lies in belief, trust. As long as Bitcoin can keep up with the needs of the intended people then it would continue to foster and serve its purpose.

For it to happen, maybe we should stop treating Bitcoin as an investment alone but rather live up with its purpose i.e. spending it like what we do with the fiat. In that way, we are integrating it with our daily lives and evolve as a vital instrument in commerce.