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sunsilk
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January 27, 2019, 09:50:59 PM |
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Gold exist for over a 1000+ years maybe?
AFAIK gold has been there since the ealiest days before ancient times. 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 see that you are speculating but you just can't compare bitcoin to gold, they are two different things and investments. Although many claims that says bitcoin's better than gold but these two have their different purpose and use. |
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markj113
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January 27, 2019, 10:19:11 PM |
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One of the favorite pieces in collection, a gold double douboon of pirate fame. From King Phillip II of Spain's reign, dating between 1556 to 1598 and minted in Sevilla. Still worth a chunk of cash coming up to nearly 500 years later, with the speed technology advances I cant see any crypto currently in existence lasting a significant period of time.  |
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1Referee
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January 27, 2019, 10:44:00 PM |
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Still worth a chunk of cash coming up to nearly 500 years later, with the speed technology advances I cant see any crypto currently in existence lasting a significant period of time.
In most cases, when something has proven to grow and attract adoption in the first decade of its existence, it's very likely going to do well in the next decade. Bitcoin has the advantage that it's perfectly fine being digital Gold. I do believe that eventually stablecoins will take over the payment side of the market, but there is always a need for a decentralized way of storing value, and that's what Bitcoin does. I am more inclined to say that Bitcoin will take a large chunk of Gold's market share than that Bitcoin will end up being worthless at some later point. If I had the option to choose $100,000 worth of Bitcoin that I had to lock up for 10 years, or $200,000 worth of Gold that I had to lock up for 10 years, I'll instantly pick Bitcoin. |
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STT
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January 27, 2019, 11:48:29 PM |
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They really are very different things. Bitcoin cannot stay static like that and hope to succeed where as golds worth really comes from its ability to be inert to almost every factor over thousands of years. Its value never changes since the market has moved in parallel to population growth, even the ability for industry to mine gold far more efficiently has not been a problem to its long term price
Bitcoin on the other hand must change as a product and develop to keep its advantage or it will be replaced. Thats the nature of technology, its a great efficiency race to do the job best.
The reason for comparing both is they are inverse to dollar value I think. I see dollars likely to continue a decline from excessive production relative to demand, Gold has a stable base and Bitcoin is known in its overall availability also. Besides that I do not think of gold and BTC as duplicate, I move crypto worth over to gold because it occupies a different kind of value so its a good hedge. An EMP would effect BTC but not gold for example :p
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allthingsluxury
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January 28, 2019, 12:49:26 AM |
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Gold, bitcoin and silver. Not one, but all.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog |
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Valhalaa
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January 28, 2019, 12:54:24 AM |
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Gold, bitcoin and silver. Not one, but all.
yes, it is true that bitcoin may only be people who want to make profits quickly and quickly, but if gold might be their goal from the beginning, the purpose is investment because gold is used where jewelry is good than bitcoin does not look like in the future |
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eaLiTy
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January 28, 2019, 09:34:11 AM |
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Gold is a piece of metal nothing less more. On the contrary, bitcoin is a digital assets backed up by blockchain technology. The bitcoin blockchain is a technology that can be used in financial transactions and in other fields. Thus, the existence of bitcoin is just starting. Once the blockchain technology has been maximized, there is no doubt bitcoin price will rise.
I have a difference of opinion here, blockchain is an open source project and anyone can build something with it, if you want to see some advantage in bitcoin is that if something is build upon the current existent system which can be used to maximize its use, other than that you wont see any substantial change in the price if the blockchain is being explored. Gold existed more than thousand years and bitcoin is a new technology and a new financial system, it will take some time to have a proper system in place and to have wider adaptation. |
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Pab
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January 28, 2019, 04:01:17 PM |
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Gold is barbaric relief of the past
Gold is now used like a hedge for us dollars
I prefer bitcoin gold is bloody gold is full of blood and suffering
Look all that African countries with big gold resources
There is war poverty regime there and that is because of greed of gold
So i much prefer bitcoin
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SaepulMT
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January 28, 2019, 04:13:18 PM |
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I think gold did not exist from 1000 years ago, but gold has been around since this earth has ,the point that nobody knows when gold is
and yes I agree that the price of Bitcoin will rise again as last year can even exceed that price.I hope that happens, because I know everyone here expects Bitcoin prices to rise.
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The Sceptical Chymist
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January 28, 2019, 06:04:32 PM |
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One of the favorite pieces in collection, a gold double douboon of pirate fame.
<snip>
That's a beautiful piece with a lot of history behind it (though I'm not really familiar with it personally). The fact that it's gold is kind of secondary to the history IMO. It could have been made out of copper and still be worth quite a bit in 2019. This thread is turning into just another bitcoin vs. gold thread, of which there are many--and that comparison is one that shitposters have ready-made answers for. I suggest locking it, but that's on OP. In 1000 years? Who knows what technology is going to be like, or if mankind is even going to exist. I tend to agree with those who think bitcoin is going to be replaced by something better or will somehow end up extinct, just a part of tech history. But unless we start finding gold on asteroids or other planets and it becomes far less rare, it'll still have a high value attached to it for many years to come. There will also be numismatic value on top of the melt value as long as numismatists still exist in 1000 years. Humanity likes rare things and probably always will--I'm pretty sure it's encoded into our DNA at this point. Live for today, that's my suggestion. I'm not too concerned about the fate of either bitcoin or gold in the next millenium, honestly. |
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hxtop
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January 28, 2019, 08:16:44 PM |
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Comparing bitcoin and gold is not a right thing. Bitcoin is the new on the market and its ten years performance is really good. Gold is not main competitor to bitcoin and bitcoin must be compared with fiat currencies like USD.
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Hivalley
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January 28, 2019, 08:29:26 PM |
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Comparing bitcoin and gold is not a right thing. Bitcoin is the new on the market and its ten years performance is really good. Gold is not main competitor to bitcoin and bitcoin must be compared with fiat currencies like USD.
I do not think the OP is actually comparing the two of them,but just citing an example using the bitcoin,on how many years hold has lasted compared to the bitcoin with how far the bitcoin has come in this years,and I think the OP has a point or two,thats not to say that bitcoin will be as valuable as gold,but the bitcoin still has a worthy future ahead with mass adoptions across the globe |
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marcelocoin
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January 28, 2019, 09:16:18 PM |
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we can say that gold is a reserve of digital value, or the pure digital gold, due to the growth of the internet and increased technology
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carlfebz2
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January 29, 2019, 12:00:30 AM |
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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 cant compare a precious metal that do exist on earth since the beginning and a technology (bitcoin). It might rose above higher than gold value but we know that it can crash it price more unlike gold which established its price for centuries. |
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strunberg
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January 29, 2019, 04:40:36 AM |
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bitcoin will exist longer than gold i think.although its already more than 1000+ years for gold someday its metal will have no value anymore if appear new metals or other commodity that could replace gold.gold has no value besides it supply, meanwhile bitcoin has additional value on this technology that will always developted.
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wahyu wida
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January 29, 2019, 06:14:21 AM |
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bitcoin will exist longer than gold i think.although its already more than 1000+ years for gold someday its metal will have no value anymore if appear new metals or other commodity that could replace gold.gold has no value besides it supply, meanwhile bitcoin has additional value on this technology that will always developted.
but gold is attached to everyone's heart, and has a form. I think gold will still exist and bitcoin will catch up. although the gold stock is infinite, but until now prices tend to rise, due to the increasing demand factor |
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Indrawan77
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January 29, 2019, 11:06:19 AM |
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Well bitcoin only exist in a short time but the price able to multiply, most of the investors now only invest in crypto because of the profit when they can appreciate the technology then we will see a huge rising, and we can't compare gold and bitcoin, both of them are different things to compare
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Vanshenz
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February 01, 2019, 10:06:47 PM |
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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.
bitcoin cannot be compared to gold, because gold has a stable value and even tends to increase. maybe the price of bitcoin is much more expensive than gold, but at one time the price of bitcoin could decline suddenly. |
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adzino
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February 01, 2019, 10:15:38 PM |
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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.
Your speculation is based on no logic or facts? I don't understand how you are trying to compare the age of internet with gold and bitcoin. Why do you think the price of bitcoin is going to skyrocket? Just some random guess/blind faith? Gold existed for 1000+ years and will still exists for more futures to come. But the existence of bitcoin can not be guaranteed. We might see the price of the coin collapse to nothing by tomorrow. |
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Chikitita2004
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February 01, 2019, 10:37:41 PM |
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I don't know if in what perspective you are trying to compare gold and bitcoin. A digital and physical one. I think it is not wise to compare them in value but rather in stability. gold is tried and tested, proven and until now is still of good value and there are still countries in which citizens are investing in gold. I don't belittle bitcoin but I still have a strong belief in gold.
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