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Author Topic: Gold exist 1000+ years. while bitcoins exist 10 years.  (Read 24877 times)
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February 07, 2019, 01:32:29 PM
 #81

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.
Gold was a product of an old age while bitcoin is the new era of digital currency a product of high technology.Comparison doesn't need to be applied in there because bitcoin were too different from gold.It maybe a store of value with votality that changes every seconds not like gold.

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February 07, 2019, 01:40:03 PM
 #82

How can you compare gold with Bitcoin ?
Gold is a natural resource and Bitcoin is a currency which is used to provide transactions in Blockchain. Blockchain is a digital technology. These things aren't common  Shocked


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February 07, 2019, 01:40:27 PM
 #83

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.
Gold was a product of an old age while bitcoin is the new era of digital currency a product of high technology.Comparison doesn't need to be applied in there because bitcoin were too different from gold.It maybe a store of value with votality that changes every seconds not like gold.

Absolutely!

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February 07, 2019, 05:58:15 PM
 #84

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.
First of all gold is an element of the periodic table and has existed for billions of years, so it is not something that humans invented, however its use as money dates back to thousands of years which explains why people trust it so much, but I fail to see the connection, the young age of bitcoin does not indicate that it will skyrocket soon, what it could make the price to go up again is if people decide to adopt bitcoin and there are several factors that could make the adoption rate to go up like the lightning network and instability of the economy of the world to name a few.
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February 07, 2019, 06:05:08 PM
 #85

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 has become a natural thing if Bitcoin has only been known for 10 years, because blockchain technology and digital currencies such as Bitcoin only existed when the world had developed, if Bitcoin was in the ancient era, then Bitcoin would have been used in ancient times.

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February 07, 2019, 07:50:01 PM
 #86

Water existing over million years,Sand existing over billion years and you were existing over 50 years so you and all these thing need to be more valued than gold and bitcoin. Tongue

Price is not based on years it is based on "Demand and Supply".

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February 07, 2019, 07:59:48 PM
 #87

I personally appreciate your speculation about the future to Bitcoin but one should not in any way compared Bitcoin with that of gold as the two in question are for different purpose.
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February 07, 2019, 09:10:41 PM
 #88

Gold has been exiting for some years now and bitcoin just come into the market.  Bitcoin has proven to be better than gold as a store of value and as money.  I think in future bitcoin is going to replace both gold and fiat as a store of value.
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February 07, 2019, 09:49:02 PM
 #89

Well, bitcoin has clear advantages over gold. This is a high price, no storage problems. And in the case of gold, you obviously need bank services. Using cryptocurrencies you can always sell / buy / pay them quickly.
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February 07, 2019, 10:09:09 PM
 #90

Gold has been exiting for some years now and bitcoin just come into the market.  Bitcoin has proven to be better than gold as a store of value and as money.  I think in future bitcoin is going to replace both gold and fiat as a store of value.

Bitcoin has another advantage over gold: it is easily divisible and easily transportable.

But I do not think that gold will disappear replaced by bitcoin or other cryptos, but they will coexist together in the future.
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February 07, 2019, 10:12:10 PM
 #91

gold has been known for more than 1000 years and gold has been used from time immemorial to exchange and in the past there was no technology and even computers have not been discovered, how can bitcoin be created early if the computer has not been created? LOL, that's why bitcoin still has a smaller age than gold.

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February 07, 2019, 10:57:57 PM
 #92

Water existing over million years,Sand existing over billion years and you were existing over 50 years so you and all these thing need to be more valued than gold and bitcoin. Tongue

No need to list other things . we are only talking about bitcoin and gold here .

Price is not based on years it is based on "Demand and Supply".

Yes but the longer the thing exist , the more demand that they will get  . price may not be based on years but years can help a thing to become more trusted .

how can bitcoin be created early if the computer has not been created?

No one said that  because that is impossible for bitcoin to exist without a computer . we all know that computer is the one that create's bitcoin not unless if they will create bitcoin physically just like a local currency
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February 08, 2019, 05:44:05 AM
 #93

Comparing gold vs bitcoin is  somewhat useless. From an ancient time gold already exists 'physically'. While bitcoin  was created as a digital currency, it is not right to compare those two based on their years of existence. However,
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February 08, 2019, 07:27:39 AM
 #94

gold has been known for more than 1000 years and gold has been used from time immemorial to exchange and in the past there was no technology and even computers have not been discovered, how can bitcoin be created early if the computer has not been created? LOL, that's why bitcoin still has a smaller age than gold.
indeed in its stages it is difficult to compare the two, because of time problems. but I think at this time bitcoin bitcoin has shown its achievement with an increase in prices since 10 years ago

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February 08, 2019, 08:22:53 AM
 #95

gold has been known for more than 1000 years and gold has been used from time immemorial to exchange and in the past there was no technology and even computers have not been discovered, how can bitcoin be created early if the computer has not been created? LOL, that's why bitcoin still has a smaller age than gold.
indeed in its stages it is difficult to compare the two, because of time problems. but I think at this time bitcoin bitcoin has shown its achievement with an increase in prices since 10 years ago
the main value of bitcoin was its technology, meanwhile gold has no additional value besides its supply and value.in future, the things that have breakthrough in our life will survive and have high value.

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Farahtenan
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February 08, 2019, 08:33:00 AM
 #96

gold has been known for more than 1000 years and gold has been used from time immemorial to exchange and in the past there was no technology and even computers have not been discovered, how can bitcoin be created early if the computer has not been created? LOL, that's why bitcoin still has a smaller age than gold.
indeed in its stages it is difficult to compare the two, because of time problems. but I think at this time bitcoin bitcoin has shown its achievement with an increase in prices since 10 years ago
the main value of bitcoin was its technology, meanwhile gold has no additional value besides its supply and value.in future, the things that have breakthrough in our life will survive and have high value.

Bitcoin has high technological value, this makes many people curious and will choose the development of blockchain technology rather than gold. If this is seen from the intellectuality of human beings who are mentally ready to take steps for the future. But for those who are afraid of losing money and not having the readiness to lose, they will choose gold as a safe investment.
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February 08, 2019, 09:38:31 AM
 #97

Price is not based on years it is based on "Demand and Supply".

Thats his point also, demand that has lasted my whole life and has been in existance for thousands of years.   That would be the strength and certainty in gold, if we are talking money then its security and that certainity in long term never ending demand cannot be understated for its importance.

    Bitcoin is still a flash in the pan short term despite being here a decade its work to prove itself continues and it for sure the underdog

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February 08, 2019, 10:46:22 AM
 #98

Comparing gold vs bitcoin is  somewhat useless. From an ancient time gold already exists 'physically'. While bitcoin  was created as a digital currency, it is not right to compare those two based on their years of existence. However,
Yes, we can not make a comparison between gold and bitcoin. Gold will always exist in the future because it is a rare resource. Bitcoin may collapse and die in the future if blockchain is removed and no one uses it. It is clear that precious gold is much more rare than bitcoin


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February 08, 2019, 11:31:45 AM
 #99

Do you say gold exist 1000+ years "maybe?"Huh  Cheesy from what planet you are?!
If you love to compare bitcoin with gold they have different history. The price of gold was high from the most beginning and now its lower because the mass of gold increased. Number of bitcoin's is limited and this factor can make it super expensive at the moment when all coins will be on the market.
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February 08, 2019, 12:23:55 PM
Last edit: February 08, 2019, 12:44:41 PM by markj113
 #100

Do you say gold exist 1000+ years "maybe?"Huh  Cheesy from what planet you are?!
If you love to compare bitcoin with gold they have different history. The price of gold was high from the most beginning and now its lower because the mass of gold increased. Number of bitcoin's is limited and this factor can make it super expensive at the moment when all coins will be on the market.

Well thats complete crap.  Gold is mined every year so by your theory as supply increases every year then the price should decrease every year.

Gold price is a measure of confidence in the global economy with a floor price based on mining costs.

When the world economy is stable and growing the gold price tends to drop back, when fear and uncertainty raises its head then gold price increases.

Central banks are currently accumulating gold at the fastest rate since 1971, that should be enough to tell you what is about to happen.  Gold is also currently at an all time high in 72 currencies.

Also considering Comex is currently leveraged at over 200 paper gold oz's to every real physical oz of gold its easy to see that physical metal supply has little impact on price at this current time.  If Comex ever goes under due to customers demanding physical delivery of the metal during a financial crisis you can imagine the impact on gold price.
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