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

[TheCoinGrabber]

Everything with investments are speculations. For example BTC is currently at a lull. With these currency/investments IMHO it's better to have a bit of each to buffer against any sudden collapse.

We need to stop this obsession with gold. IMO, gold and cryptocurrency are entirely different assets. Gold is not a threat or a competitor for Bitcoin (and vice-versa). I would go one step further and say that even fiat currency is not a competitor of Bitcoin. Since Bitcoin is being used as an investment asset, the real competitors are other assets such as real estate, equities.etc.

Literally, gold is good but it is not like there is no other good things. Gold is serving its own purpose. It is a jewelry Honestly, what else can we do with it. It is no more a medium of exchange, not an investment either. Bitcoin and altcoins are investments at present, helping thousands of people around the world. They are also being used as medium of exchange at some places.

I think the main thing with gold is that people throughout time BELIEVE it have value. Almost no one investing in it think of the (mostly electrical) applications.

At this point in history it's cumbersome as a currency but people still think it's "safe" and still invest in it. If ever there's a push to bring back the gold standard I think it'll be nice to have some.

[1714747373]

1714747373

[Cnut237]

Gold is valuable because people agree that it is. It's the same with an abstraction of value. Gold does have problems though, which bitcoin can solve. Bitcoin certainly has the potential to be a better store of value than gold, one more suited to our modern digital world.

Bitcoin does of course have its problems as well, not least of which being the volatility. But unlike gold, bitcoin is under development, and these problems can be overcome. Give it time, bitcoin will become the standard store of value. Bitcoin (and crypto in general) has been a phenomenal success already, but it is still early days. There is so much more to come.

[bohr]

Gold is valuable because people agree that it is. It's the same with an abstraction of value. Gold does have problems though, which bitcoin can solve. Bitcoin certainly has the potential to be a better store of value than gold, one more suited to our modern digital world.

Bitcoin does of course have its problems as well, not least of which being the volatility. But unlike gold, bitcoin is under development, and these problems can be overcome. Give it time, bitcoin will become the standard store of value. Bitcoin (and crypto in general) has been a phenomenal success already, but it is still early days. There is so much more to come.

The majority of people through history have agreed that gold has value because of its amazing characteristics and even to this day the characteristics of gold make it an even better currency than any fiat currency around the world, the biggest advantage that bitcoin has over gold is that it is digital, it is difficult to carry with you any big amount of gold without raising questions about it but you could carry all your bitcoin balance and no one will ever know it unless you reveal that information by yourself.

[BillyBurns]

Gold is valuable because people agree that it is. It's the same with an abstraction of value. Gold does have problems though, which bitcoin can solve. Bitcoin certainly has the potential to be a better store of value than gold, one more suited to our modern digital world.

Bitcoin does of course have its problems as well, not least of which being the volatility. But unlike gold, bitcoin is under development, and these problems can be overcome. Give it time, bitcoin will become the standard store of value. Bitcoin (and crypto in general) has been a phenomenal success already, but it is still early days. There is so much more to come.

You're absolutely clueless, the fact you think "all value" is subjective is absolutely foolish. Bitcoin is a worse store of value than fiat.

[makolz26]

Gold is valuable because people agree that it is. It's the same with an abstraction of value. Gold does have problems though, which bitcoin can solve. Bitcoin certainly has the potential to be a better store of value than gold, one more suited to our modern digital world.

Bitcoin does of course have its problems as well, not least of which being the volatility. But unlike gold, bitcoin is under development, and these problems can be overcome. Give it time, bitcoin will become the standard store of value. Bitcoin (and crypto in general) has been a phenomenal success already, but it is still early days. There is so much more to come.

The majority of people through history have agreed that gold has value because of its amazing characteristics and even to this day the characteristics of gold make it an even better currency than any fiat currency around the world, the biggest advantage that bitcoin has over gold is that it is digital, it is difficult to carry with you any big amount of gold without raising questions about it but you could carry all your bitcoin balance and no one will ever know it unless you reveal that information by yourself.

And it has been the basis of the wealth of people since the beginning, and gold is really valuable as it is hard to mine it too, but let's not compare the gold over the Bitcoin because they really differs in everything, we need both of them now and in the future, so if you really aiming to invest, then better to have them both.

[Argoo]

Gold as a value, a measure of value and a means of payment has existed for more than one thousand years, and it was likewise valued in previous human civilizations.
Bitcoin is only ten years old, we have not heard about such financial assets, so we can not say how long the cryptocurrency will exist. Even today, the high price of bitcoin is temporary. It will constantly change, and the value of gold will last forever.

[drlukacs]

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.

This is uncertain. No one has ever said that the value of bitcoin is high since it is unregulated and updated. The price of bitcoin is now high due to the influx of many people's words, in fact it is not worth anything. When something cannot benefit society and is found to be false, it will be turned away by society. so the price of bitcoin will rise sharply but at some point it will be sold off again just like 2017. Be careful in holding, we could be in big trouble.

[Karmakid]

It is nonsense to compare these two assets because they are so different. Gold is just gold without anything behind it and it is just a rare piece of metal while bitcoin has a technology behind it and it could help the world to become better through blockchain technology. The age doesn't matter when it comes to an asset because the only thing that you should be focusing on is the value.

[bitbunnny]

I really can't understand why people compare Bitcoin and gold and take them as a reference for each other.
These are completely different assets and don't have much in common except that people invest in both.
So comparing the behaviour and position in the market of these two or analysing the history of gold and Bitcoin you will achieve nothing and you will not come to any useful conclusions.

[bitzizzix]

I really can't understand why people compare Bitcoin and gold and take them as a reference for each other.
These are completely different assets and don't have much in common except that people invest in both.
So comparing the behaviour and position in the market of these two or analysing the history of gold and Bitcoin you will achieve nothing and you will not come to any useful conclusions.

I also don't understand why bitcoin is always compared to things that are valuable or related to investments which obviously all have differences even though the goals are the same.
gold has existed since the time of our ancestors and has existed since the earth existed and the shape of gold is real and very valuable and will never run out as long as the earth exists, and bitcoin is still 10 years too far with the age of gold and bitcoin is formless but valuable and both are very profitable if you have it.

[rijaljun]

I also don't understand why bitcoin is always compared to things that are valuable or related to investments which obviously all have differences even though the goals are the same.
gold has existed since the time of our ancestors and has existed since the earth existed and the shape of gold is real and very valuable and will never run out as long as the earth exists, and bitcoin is still 10 years too far with the age of gold and bitcoin is formless but valuable and both are very profitable if you have it.

Cause people think Bitcoin is store of value just like gold that is why they are comparing them. Also, gold isn't unlimited, experts do agree that gold has a limit supply because it takes so much resource to mine and make. It is just the same with Bitcoin which is limited.

[Twentyonepaylots]

I also don't understand why bitcoin is always compared to things that are valuable or related to investments which obviously all have differences even though the goals are the same.
gold has existed since the time of our ancestors and has existed since the earth existed and the shape of gold is real and very valuable and will never run out as long as the earth exists, and bitcoin is still 10 years too far with the age of gold and bitcoin is formless but valuable and both are very profitable if you have it.

Cause people think Bitcoin is store of value just like gold that is why they are comparing them. Also, gold isn't unlimited, experts do agree that gold has a limit supply because it takes so much resource to mine and make. It is just the same with Bitcoin which is limited.

Bitcoin is primarily used for investments believe it or not. It is not surprising it is compared with things of high value such as gold since aside from it being on a different trading environment, bitcoin doesn't really have that much of a difference. But I do digress this comparison as bitcoin has it's own manner of measurement which makes it illogical to compare them with gold.

[kapalmabur]

I really can't understand why people compare Bitcoin and gold and take them as a reference for each other.
These are completely different assets and don't have much in common except that people invest in both.
So comparing the behaviour and position in the market of these two or analysing the history of gold and Bitcoin you will achieve nothing and you will not come to any useful conclusions.

because the limited total supply of bitcoin makes Bitcoin and Gold compared, yes it's natural for these two assets to see the characteristics of both assets have a limited supply, but Bitcoin still can't be equated gold for marketcap volume seems to need more time

[DevilSlayer]

I also don't understand why bitcoin is always compared to things that are valuable or related to investments which obviously all have differences even though the goals are the same.
gold has existed since the time of our ancestors and has existed since the earth existed and the shape of gold is real and very valuable and will never run out as long as the earth exists, and bitcoin is still 10 years too far with the age of gold and bitcoin is formless but valuable and both are very profitable if you have it.

Cause people think Bitcoin is store of value just like gold that is why they are comparing them. Also, gold isn't unlimited, experts do agree that gold has a limit supply because it takes so much resource to mine and make. It is just the same with Bitcoin which is limited.

Bitcoin is primarily used for investments believe it or not. It is not surprising it is compared with things of high value such as gold since aside from it being on a different trading environment, bitcoin doesn't really have that much of a difference. But I do digress this comparison as bitcoin has it's own manner of measurement which makes it illogical to compare them with gold.

There is a hot issues in terms of what is more good investment between bitcoin and gold. Those two are good investment vehicle but in terms of the risks, bitcoin has more risks than gold because of the volatility of the price. Gold is a safe investment because it has low volatility and its prices is gradually increasing over time.

[Gheka]

I really can't understand why people compare Bitcoin and gold and take them as a reference for each other.
These are completely different assets and don't have much in common except that people invest in both.
So comparing the behaviour and position in the market of these two or analysing the history of gold and Bitcoin you will achieve nothing and you will not come to any useful conclusions.

Agree, the comparison between gold and bitcoin appeared very early on this forum, and as many discussions broke out, we can see that this comparison does not yield any suitable answers and makes everyone happy because from many different reviews, everyone has a different basis for talking about the good and the bad between gold and bitcoin. Since then, this discussion has continued up to this point, the common point between both is too little while the difference is too much, and if we feel something is better, we should follow our choice, instead of trying to persuade others, avoid intense arguments

[Sanugarid]

I also don't understand why bitcoin is always compared to things that are valuable or related to investments which obviously all have differences even though the goals are the same.
gold has existed since the time of our ancestors and has existed since the earth existed and the shape of gold is real and very valuable and will never run out as long as the earth exists, and bitcoin is still 10 years too far with the age of gold and bitcoin is formless but valuable and both are very profitable if you have it.

Cause people think Bitcoin is store of value just like gold that is why they are comparing them. Also, gold isn't unlimited, experts do agree that gold has a limit supply because it takes so much resource to mine and make. It is just the same with Bitcoin which is limited.

We all know that there is a lot of differences between bitcoin and also the gold itself. Gold is a physical aspect that we not really easily get while bitcoin it takes time and a lot of effort, hardwork and also knowledge to get plenty of that. We are expecting that the price of bitcoin is more valuable than gold because there are many people given an opportunities to have some money and become wealthy because of this system.

[CarnagexD]

I also don't understand why bitcoin is always compared to things that are valuable or related to investments which obviously all have differences even though the goals are the same.
gold has existed since the time of our ancestors and has existed since the earth existed and the shape of gold is real and very valuable and will never run out as long as the earth exists, and bitcoin is still 10 years too far with the age of gold and bitcoin is formless but valuable and both are very profitable if you have it.

Cause people think Bitcoin is store of value just like gold that is why they are comparing them. Also, gold isn't unlimited, experts do agree that gold has a limit supply because it takes so much resource to mine and make. It is just the same with Bitcoin which is limited.

It's kind of illogical to compare bitcoin with gold, bitcoin is an asset and should be in the ranks of stocks, real estate, and the likes if anything. While gold is treated as a material of high value due to our ancestors implying it has high values because of it's characteristics both intrinsic and extrinsic. Moreover, bitcoin is heavily engaged with trading whereas gold is affiliated with purchase, which has a great difference

[Wexlike]

I also don't understand why bitcoin is always compared to things that are valuable or related to investments which obviously all have differences even though the goals are the same.
gold has existed since the time of our ancestors and has existed since the earth existed and the shape of gold is real and very valuable and will never run out as long as the earth exists, and bitcoin is still 10 years too far with the age of gold and bitcoin is formless but valuable and both are very profitable if you have it.

Cause people think Bitcoin is store of value just like gold that is why they are comparing them. Also, gold isn't unlimited, experts do agree that gold has a limit supply because it takes so much resource to mine and make. It is just the same with Bitcoin which is limited.

It's kind of illogical to compare bitcoin with gold, bitcoin is an asset and should be in the ranks of stocks, real estate, and the likes if anything. While gold is treated as a material of high value due to our ancestors implying it has high values because of it's characteristics both intrinsic and extrinsic. Moreover, bitcoin is heavily engaged with trading whereas gold is affiliated with purchase, which has a great difference

Gold is the store of value, while Bitcoin is a store of value in its speculative phase to figure out an appropriate price tag to it which might still take a few more decades. However, I enjoy the safety of Bitcoin much more. The last time to figure out if a gold coin is truly real was a pain in the ass.

[Captain Corporate]

 Gold having limited supply is something we are not entirely sure of, there could be gold outside our world and even outside our galaxy, there is no guarantee of the only gold in the whole universe is all on earth so there could be some outside the world we live in and as soon as asteroid mining becomes a real thing (which will take a long time) we will have gold more than we have now and could even devalue the price of gold very harshly when that happens as well. However no matter what happens bitcoin will never be over 21 million, not today, not in 50 years, not in 200 years.

[takingthis4]

I agree with your theory that bitcoin is going to explode, but I think it's not just once, but a lot of times. Gold does exist first but in bitcoin the price is higher, this is normal because bitcoin has huge swings and prices can go up and down very quickly and in big quantities. Although small amounts of gold fluctuate, fluctuations appear to be long and constant. Because of the massive swings, both are different and in bitcoin prices are higher.