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Author Topic: Gold exist 1000+ years. while bitcoins exist 10 years.  (Read 1136 times)
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February 01, 2019, 10:37:41 PM
 #41

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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February 02, 2019, 08:02:56 AM
 #42

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 price can rising again when cryptocurrency adoption happen in our life. Compare with gold, bitcoin only have 21 million supply and Gold always mined. If government recognize bitcoin is an asset, i am believe bitcoin price will sky rocket again and can reach highest price again

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February 02, 2019, 08:15:03 AM
 #43

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
The brightly flashed star in the sky is also quickly extinguished. Cryptocurrency and gold are not yet incomparable, they are completely opposite in nature. If a cryptocurrency will last a hundred years, then it will be possible to compare it with something. It provides us with many new opportunities, but will we be able to use them in the right direction? If the cryptocurrency will remain mainly a speculative asset, and not a means of payment, in a hundred years gold will not be compared with anything.

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February 02, 2019, 04:20:54 PM
 #44

I do agree that they are similar things. They are both commodities however one is digital and one is physical. Gold can be purchased and its limited and you can hold it in your hands, bitcoin is not like that. Gold can get you the wealth that will never run out, you will never see a world where gold worth nothing however bitcoin is a digital product that we give importance to and in any day where something better than bitcoin comes up or maybe in 100+ years bitcoin may not worth anything.

Obviously, there is a chance in 5000+ years bitcoin still exists and important but it is also important to know that its a risk we take, gold is not like that, it existed as a means of payment 2000+ years ago and will continue to exist until humanity perishes.

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February 02, 2019, 08:25:04 PM
 #45

Technology has advanced enough for bitcoin to succeed, it is other factors at play that are needed. The transaction speeds are too slow and expensive, when this is resolved bitcoin can go mainstream and then rocket even more so than gold

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February 02, 2019, 09:14:44 PM
 #46

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 can't compare gold for bitcoin because they are obviously different. Gold is tangible and already exist since earth was created. It is a natural resources. Bitcoin was created as a digital currency and it is intangible even though they are both valuable in terms of value they are still different.

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February 02, 2019, 11:14:42 PM
 #47

Your guys comment makes so much sense. I think the longer Bitcoin and the internet exist bitcoin will become valuable overtime. A comment was made that gold is different in price but what I really meant was. The price in ounces is worth less than one Bitcoin.
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February 02, 2019, 11:17:56 PM
 #48

The internet had never existed in ancient time. Now Bitcoin exist with the help of the internet. It's more like a revolution. Both the internet n Bitcoin. Gold is the Greek revolution n we have a new revolution now. Just not people investing as much. Jus living off paycheck to paycheck.
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February 03, 2019, 05:19:06 AM
 #49

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 can't compare gold for bitcoin because they are obviously different. Gold is tangible and already exist since earth was created. It is a natural resources. Bitcoin was created as a digital currency and it is intangible even though they are both valuable in terms of value they are still different.
the other difference is, gold has been trusted by all humans in the world, while the bitcoin is just a development stage to gain trust from the public. but both of them I think are good investment tools

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February 03, 2019, 04:31:31 PM
 #50

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.
Maybe gold exist pretty much longer than bitcoin and its true but bitcoin also have some value and its good at giving people opportunities. Gold and bitcoin have different characteristics and also unique. Well a lot of people are getting interested at bitcoin than gold even if bitcoin price doesn't seems good you can still invest and earn profit. People nowadays are into "technology" and its obvious that bitcoin can be popular even if it doesn't exist before at least now its giving chance for people to invest. 




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February 03, 2019, 04:46:41 PM
 #51

You can't compare BTC to Gold, there are many differences between both assets. BTC is a digital asset and a currency, while Gold is basically a physical asset and indeed much older than Bitcoin. But you can't use gold online, and it is a centralized asset too, while BTC is decentralized, easy to use either online or offline.


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February 03, 2019, 11:20:20 PM
 #52

Maybe gold is more than 100 years old, but maybe in the first 10 years gold also has a hard time and extreme price depreciation considering that gold was not difficult to obtain in the past, and I think bitcoin is also now entering a difficult period because maybe a lot of things affect it and maybe bitcoin will also survive like gold can even exceed the price of gold.

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February 03, 2019, 11:33:41 PM
 #53

Quote
BTC is a digital asset and a currency, while Gold is basically a physical asset and indeed much older than Bitcoin. But you can't use gold online, and it is a centralized asset too, while BTC is decentralized, easy to use either online or offline.

No you can use gold online.    Gold can be attributed to a mastercard credit card just like some people have done with bitcoin.    The scheme I've heard of will let you run a credit card balance same as normal, till end of month the bill is settled by selling a portion of your gold balance at the market price for that time.


So gold can be used online and in all the normal ways that any other type of money can be used.   Its not common but not actually that hard to do.   Also gold can be leveraged, it can be fractional and all sorts of things

I can refer people to this company, its the largest operator in the world for digital gold assets with physical gold accounting with a separate multi country vault firm.     Gold cant be decentralised though, thats the main difference but it can be fractional easily

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February 04, 2019, 12:20:27 AM
 #54

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.
The gold proved that its value is continuing to rise since the beginning of the ancient civilizations. The bitcoin is still in the introduction growth and that's why it is not yet popular and its value are still not risen.

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February 04, 2019, 12:26:33 AM
 #55

I think the longer Bitcoin and the internet exist bitcoin will become valuable overtime. A comment was made that gold is different in price but what I really meant was. The price in ounces is worth less than one Bitcoin.
When you look at the price of Bitcoin from the very beginning until now most people will say the same thing but you have to stop this Bitcoin to Gold comparison. The older something gets doesn't mean it's certain to stay expensive the demand changes over time and it can be the same for Bitcoin if someone comes up with a better cryptocurrency in the future.

I think bitcoin is also now entering a difficult period because maybe a lot of things affect it and maybe bitcoin will also survive like gold can even exceed the price of gold.
It's more likely called a correction period similar to what happened last time when Bitcoin reached $1k after the first halving.



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GunsLair
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February 04, 2019, 06:54:23 AM
 #56

I agree only with the fact that common to bitcoin and gold is that with them, people feel rich. In the rest, of course, these are not comparable things. In addition, perhaps someone in a thousand years will also compare bitcoin with some other means of enrichment and accumulation.

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February 04, 2019, 06:58:33 AM
 #57

Gold has come to such a level with a long history. How long our technology evolution will survive is the question, because to the growing population it isn't possible with the limited supply of bitcoin. The demand will surely keep growing, and such a big growth defeating the value of gold is simply a big thing in the history of bitcoin.



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MeEsH BaCcA
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February 04, 2019, 09:59:44 AM
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 #58

My Mrs doesn’t want a Bitcoin engagement ring, or bitcoin earings.
Science doesn’t want the electrical properties of bitcoin or bitcoins chemical inertness.
NASA does not want bitcoin for its heat reflective properies.
I don’t want my Daydate made of bitcoin.

Gold might just be a metal but it’s valuable for very good reasons, it has amazing properties and is nice to look at and not hugely abundant.

Bitcoin has value, but that value needs to be fostered by continuing transactions and price stability, at the moment the price is too volatile for mass adoption, TX fees crippled commercial use during the 2017 boom. These are things that are being worked out with Lighting etc... but bitcoin is not compatible to Gold, not yet at least.
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February 04, 2019, 10:04:08 AM
 #59

Gold was the king for long years because there wasn't a better alternative. Not there is. Called Bitcoin.

The supply is limited just like gold and unlike gold you can send and receive it from anywhere in the world. And also unlike gold it is impossible to fake bitcoin. You can get fooled by fake gold coins but you can't get fooled by fake bitcoins. You can get fooled by fake bitcoins (like bcash) if you are dumb though.

Bitcoin is gold 2.0 without any drawbacks.



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Lumi3004
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February 04, 2019, 10:27:30 AM
 #60

Very different between gold and Bitcoin,
Example:
Bitcoin digital currency is an online transaction system, and technology, indeed the price is higher than the price of gold, but bitcoin can be bought no matter what we want depending on the money we have.
gold, shaped physically for jewelry, and must be purchased per gram or kilo.
So it's different if gold and bitcoin investments, both from price movements and investing methods.


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