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Author Topic: Gold exist 1000+ years. while bitcoins exist 10 years.  (Read 24824 times)
@prashant
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February 04, 2019, 11:04:32 AM
 #61

I think it is not appropriate to compare a physical and digital asset,one thing is sure gold cant be replaced no matter which other asset come,because it is most popular asset to store funds and widely used in other utility and majorly in ornaments industries.bitcoin is considered as the digital gold but it will take time to get acknowledge by regular people not just guys who are in tech background ,bitcoin popularity will grow in future and so its utility.
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February 04, 2019, 12:08:48 PM
 #62

To be realistic bitcoin is one of the greatest technology that have come to stay, this is just the early stage of this technology. This technology will stay beyond 1000 years.  Bitcoin is more relevant in this age than gold that is why it price is appreciating more than the price of gold.
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February 04, 2019, 12:23:17 PM
 #63

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.
well, this is really a lame comparison. Gold and bitcoin cannot be compared to each other because it is completely different in every way. Bitcoin is a financial trading tool, gold is a jewelry and is also a resource. it's different and it's not comparable.
About the value of bitcoin, it deserves to be of great value now. and it will grow even more in the future.

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February 04, 2019, 12:37:51 PM
 #64

Isn't it very clear that bitcoin and gold are two very different fruits of ecosystems and commodities. although both are indeed a means for investment but in reality they have different characters.
I am clear again that bitcoin and gold cannot be compared in any way.
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February 04, 2019, 02:09:15 PM
 #65

To be realistic bitcoin is one of the greatest technology that have come to stay, this is just the early stage of this technology. This technology will stay beyond 1000 years.  Bitcoin is more relevant in this age than gold that is why it price is appreciating more than the price of gold.
This is a pretty amazing technology, I don't deny this but if you say this technology will last more than 1000 years, it seems to be quite illusory and impractical because with a society that has a very fast growth rate, new technology will constantly appear and old technology will be removed. Bitcoin may be replaced by another technology in the near future, while gold seems to be strong and survives over time, it does not disappear, so if we compare in the long term, I still believe that gold is stable and better, the price of bitcoin may be higher right now but the far future, this will change

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February 04, 2019, 04:28:47 PM
 #66

Isn't it very clear that bitcoin and gold are two very different fruits of ecosystems and commodities. although both are indeed a means for investment but in reality they have different characters.
I am clear again that bitcoin and gold cannot be compared in any way.
It's just an speculations where there's nothing to prove I guess, comparing this two assets would bring different points of view, we just need
to hope seeing more progress with the current digital currency that we are enjoying while leaving gold to it's venue where he's a good valuable
assets.

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February 04, 2019, 07:10:14 PM
 #67

Isn't it very clear that bitcoin and gold are two very different fruits of ecosystems and commodities. although both are indeed a means for investment but in reality they have different characters.
I am clear again that bitcoin and gold cannot be compared in any way.
It's just an speculations where there's nothing to prove I guess, comparing this two assets would bring different points of view, we just need
to hope seeing more progress with the current digital currency that we are enjoying while leaving gold to it's venue where he's a good valuable
assets.

    Many threads in this forum have headline " Bitcoin VS Gold". This topic can be an answer to that, how can you compare something
that exist for 1000 years with something that`s around just 10 years? We can speculate about this two assets, but they are very
different.
   New generations favor digital much more than precious metals. I believe that precious metals will always have some value but they
can`t compete with usability of crypto-currencies.
   



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February 05, 2019, 11:33:38 AM
 #68

In my opinion, bitcoin and gold really doesn't have to be compared. Not even for how the price moves. The two things are really different. One is physical and the other being virtual but both are good and possesses the value where one might be able to buy goods in a different manner though. The thousand years for gold might have made it popular and bitcoin may have started just right now in the modern world but it does not show that it is either weak or late against gold in terms of progress. The two in my observation and understanding will co-exist similar to how fiat and gold did for several years since then. So I would say none of these will serve as a basis for saying one is good and the other isn't. They both have strengths and weaknesses.


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February 05, 2019, 12:33:07 PM
 #69

Isn't it very clear that bitcoin and gold are two very different fruits of ecosystems and commodities. although both are indeed a means for investment but in reality they have different characters.
I am clear again that bitcoin and gold cannot be compared in any way.
It's just an speculations where there's nothing to prove I guess, comparing this two assets would bring different points of view, we just need
to hope seeing more progress with the current digital currency that we are enjoying while leaving gold to it's venue where he's a good valuable
assets.

    Many threads in this forum have headline " Bitcoin VS Gold". This topic can be an answer to that, how can you compare something
that exist for 1000 years with something that`s around just 10 years? We can speculate about this two assets, but they are very
different.
   New generations favor digital much more than precious metals. I believe that precious metals will always have some value but they
can`t compete with usability of crypto-currencies.
   
I think the increase in the value of the two investments is very different. even though bitcoin has a large volatile, but this product has a limited supply, so it will be more profitable with a significant price increase, on the one hand btc users are still very minimal, so the opportunity to get a profit is much greater

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February 05, 2019, 05:21:07 PM
 #70

1000+ existing year vs 10 year existing then obviously the fans of gold still very much better than bitcoin but these two should not be compared because both of them have difference of benefit although they can be recognized as investment tools but bitcoin development still in progress which mean to surpassing gold it is very possible and it could be good achievement if we can bring more gold fans change their mind and invest to bitcoin

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February 06, 2019, 01:50:46 AM
 #71

Quote
y 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.


Thats all good reasoning for fundamentals on gold long term, it has lasting demand for its variety and some extent unique attributes.   However right this moment in time, BTC has a demand and usage because we are transitioning away from global currency bound to just one country with a system based on national politics.   Currency has big flaws worldwide right now for being centred around just one economy, even EURO where in theory many nations share the burden of a shared currency with equal say I dont think it works that well for them.   I see BTC or some replacement will be required, it wont just be gold alone

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February 06, 2019, 06:39:01 AM
 #72

Gold will most likely outlive any other store of wealth. Right now Bitcoin are the digital version of gold, what the digital version of gold will be in the future, no once knows. But a good guess are that bitcoin will be the digital version in the next many decades.
with people's confidence that is still minimal at this time, making the opportunity for bitcoin to be a profitable investment later. gold has been trusted by all people, what if it happened at btc
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February 06, 2019, 08:42:47 AM
 #73

Bitcoin is a new digital gold that was born 10 years ago, and currently the price of Bitcoin is beating the price of gold that is more than 1,000 years old. So it can be said that even though Bitcoin is still very young, it can make everyone admire it.

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February 06, 2019, 10:41:06 AM
 #74

in my opinion time has nothing to do with the price of bitcoin, and I hope people don't keep comparing it with gold because it's two different things even though it's an investment tool, but so far the price of bitcoin doesn't depend on the price of gold, I'm not sure big bubbles will happen again because the economy and the world crisis are too bad, but that is also not impossible. hopefully there is a positive issue that boosts demand for bitcoin so that the price returns high
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February 06, 2019, 02:36:02 PM
 #75

Gold is from natural resources unlike bitcoin. The Technology-based Gold is Bitcoin because it's also from mining but not on the same way. When it comes to price both of them are dissimilar because we bitcoin user knows thay it's price is very unstable while Gold is stable in a particular time.
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February 06, 2019, 02:51:44 PM
 #76

bitcoin is very much different from gold, starting from bitcoin is digital money that has data encryption that is stronger than others, the price is also very volatile and the transactions are peer-to-peer without third parties. I think in the next 10 years, bitcoin will be far more valuable than gold as technology develops.
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February 07, 2019, 02:22:49 AM
 #77

Indeed, currently bitcoin is still in the process and not everyone knows or uses it, while gold almost everyone owns and uses it. So investment in both will have advantages, for bitcoin, it looks valuable because it is of limited supply and is still a new investment even though it has existed in 10 years.

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February 07, 2019, 05:58:29 AM
 #78

it's clear that bitcoin and gold can't be a fair comparison because they really have different traits and have different paths.
For the commodity and investment sphere, both can be compared. for gold investment it is already very experienced, starting from hundreds of years ago people have used gold for investment, and many of them profit because of the low risk. while bitcoin is still very young, but from that age, the potential of bitcoin is still very large
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February 07, 2019, 11:59:01 AM
 #79

age in my opinion is not important if for us an important investment its value can be useful when we need it I think gold is more profitable even though it has been 1000 years ago than bitcoin because bitcoin is always easy to go down and unstable like gold which always goes up year to year
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February 07, 2019, 12:03:19 PM
 #80

age in my opinion is not important if for us an important investment its value can be useful when we need it I think gold is more profitable even though it has been 1000 years ago than bitcoin because bitcoin is always easy to go down and unstable like gold which always goes up year to year
I agree with your opinion and I think that coming from my logic of gold even though only shiny objects can defeat bitcoins that appeared 10 years ago and gold from 1000 years still triumphant I feel the uniqueness of this precious metal gold so I think I like your opinion
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