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

[South Park]

bitcoin and gold units are different, so comparing them is a bit difficult. but indeed with the percentage of developments in both, bitcoin will be superior to gold, because it fits the needs of the mileneal community

the intrinsic value contained in gold has a forever value, while bitcoin is still not in a safe position to be compared as a long-term asset, but the circulation of transactions is faster than gold.

If referring to the millennial era, then bitcoin must at least be the same as fiat in the same regulatory system and this will not be seen in the next 5 years if market capitalization is still an important reference.

Gold has no intrinsic value and the same is true for everything else including bitcoin, people have the illusion that gold has intrinsic value because it has been valuable for thousands of years, but the value of gold comes from its use as money and its scarcity, but if something better than gold was created then gold could begin to lose some of that value, which is why some speculate that the market cap of bitcoin will grow because it will take money away from the gold market.

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[markj113]

Gold has no intrinsic value and the same is true for everything else including bitcoin, people have the illusion that gold has intrinsic value because it has been valuable for thousands of years, but the value of gold comes from its use as money and its scarcity, but if something better than gold was created then gold could begin to lose some of that value, which is why some speculate that the market cap of bitcoin will grow because it will take money away from the gold market.

Gold's value comes from its unique properties and not the fact it was used as money.

Gold was valuable way before it was ever used as money.

I would suggest everyone watch this video, a very clever individual:
https://www.youtube.com/watch?v=a4_U6bS-cU4

[STT]

Gold has its own backing because yes its definitely useful but also the price now is in relation to its monetisation.    Many think gold could be over priced but if we consider the excess dollars available and other FIAT currencies I think gold is cheap longer term; the main reason being bonds are payable in new dollars none will be cancelled

but the circulation of transactions is faster than gold.

Gold has the same circulation possible as other forms of money.   It would not be exchanged physically or limited in that way, it would rely on a paper system.  Thats still valid, its just not decentralised like Bitcoin can be

[Anies_Sandi]

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.

Of course we can say it might be true since we are going for an advance technology. Bitcoin may also live as much as there is gold to be leveraged.

both of them are promising forms of investment but the difference is the time and form, because I believe that gold will never die but if one day the bitcoin will die if in my opinion

[Ucy]

No need yelling at op. He is technically correct with that figure.  He said gold exist for "over 1000years" meaning it could  have been used as store of value for as long as 6000year and over.

[gowobonyok]

in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.

[jakezyrus]

No need yelling at op. He is technically correct with that figure.  He said gold exist for "over 1000years" meaning it could  have been used as store of value for as long as 6000year and over.

yes it can  . gold  will exist  a long time because of its solid form where it can neglect the hazards of bieng damage by fire and water . we can also mine a gold anytime or anywhere as long  as there are still land form on the earth   . while bitcoin is only dependent on the internet or being online   . many way for bitcoin to be destroyed   . but my vote for now will still be on bitcoin  because i can experience its benefits .

[MakeMoneyBtc]

Gold exist for over a 1000+ years maybe? Bitcoin only 10 years. Bitcoin price is higher than gold by over 200%. I

That is a very poor statement because you can't compare bitcoin with gold. Everyone in the world knows what gold is and how precious it is but think about what percentage of the population know what bitcoin is. Record you can buy anything anyway and that's because people know its value. As a limited supply why there is no information about how much gold exist on our planet, not only because recent studies have shown that other planets could potentially have gold inside them. There are many other things that could be sad about to court and that's why these two things cannot be compared.

[hen cet]

in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.

Of course the ratio of gold to bitcoin is very different, because gold is not a currency but a metal object that has characteristics for jewelry and the price is always increasing, found thousands of years ago.
Whereas bitcoin is a digital currency that was discovered 10 years ago, and the price has risen like a rocket in 2017. But as a currency it certainly has fluctuations as it is now, in a depressed position and the price drops. But in time it will certainly be able to increase again. Of course to prove whether bitcoin can last another 1000 years, only time can answer it.

[whiteblue]

in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.

I think when something has a selling price value something can have an up and down price movement, similar to what happens in the gold price movement, it will definitely have a price decline and price increases depending on market conditions.

[andriarto]

in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.

I think when something has a selling price value something can have an up and down price movement, similar to what happens in the gold price movement, it will definitely have a price decline and price increases depending on market conditions.

but here the difference is that gold is more trusted by many people, so that the movement tends to increase every year, although the increase is not significant. while bitcoin has a significant increase depending on the trend, and whales' willingness for now, because there are not many users, making the price easy to play with

[bitzizzix]

Gold has become part of the earth in the form of precious precious metals, and the price is also stable.
The existence of bitcoin is only about 10 years which shows progress in technology that creates valuable digital currencies that are not in any form, and the profitability of bitcoin prices can exceed gold and be more profitable in an instant.

[ethereumhunter]

Gold has it's history before, and we know that gold was already in human life for a long time ago while bitcoin is only 10 years since the first time people knew it. Gold and bitcoin have each journey, and we cannot compare each other. But bitcoin has a bright future because bitcoin is a new technology which can grow more than now. When technology can improve, it means we will see better technology in the future, and it will help us to get a better life too.

[virasog]

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.

Price is only one parameter, supply is missing in your equation. When you multiply first parameter and second, you get market cap. Gold market cap is 7 trilion $ and Bitcoin market cap is around 60 milliards $.

Gold has been there for many centuries and yet is it stable and of good value. Bitcoin is only for one decade( 10 Years) and i doubt it can exists for even 100 years. It will be dead before that time and it may be replaced by something more valuable/useful then bitcoins. Barter system replaced by Paper money, paper money will be replaced by bitcoins and someday bitcoins will be replaced by something else which is not in existence yet.

[nasipadang]

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 because the price and the future demand will determine the value of the currency, even gold is not used as a currency and is treated as an asset. Speculation about the price of bitcoin with technological sophistication that is increasingly that's okay and it is indeed logical to argue, but this all returns to how the user requests later because there are many opportunities that might be created in the future, for example other currencies will appear.

[St4yInTh3D4rk]

Gold has it's history before, and we know that gold was already in human life for a long time ago while bitcoin is only 10 years since the first time people knew it. Gold and bitcoin have each journey, and we cannot compare each other. But bitcoin has a bright future because bitcoin is a new technology which can grow more than now. When technology can improve, it means we will see better technology in the future, and it will help us to get a better life too.

Both were different completely so no need to compare each at all.

Bitcoin may be very less aged when compared to gold but it has grown very rapid when compared to gold or any other valuable metals,but it has own disadvantage as well when compared to most stable valuable thing like gold.

[BitcoinTurk]

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 is not right to compare both investment alternatives or both entities in this way, because both are investment tools with very different values within their classes. First of all, I would like to point out that gold has been one of the most secure investment instruments for centuries, and it will probably continue for a few centuries. Bitcoin is a new and road-based technology created in today's age. The money created with this technology and technology, which is open to development, has not been formally established as an investment instrument. In the years to come, when Bitcoin reaches a more valuable position and is more stable, with a low volatility, it would make more sense to make this comparison based on price or return. Remember, gold never gets old or doesn't lose its market power.

[Naida_BR]

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.

So inaccurate comparison.
Apart from the fact that they are two different things, the environment was different. Gold immediately started of being used for transactions between counterparts because there was nothing else to be accepted as a way of payment. Bitcoin has come to the world in a difficult situation that it is opposed to the current financial system and it is harder to be adopted.

[smyslov]

I don't like the two being compared they are two different investment although you can make a good profit holding Bitcoin than holding gold, there are tokens that are backed by gold and silver they are both a good investment any investor would like to have both.

[prtty2gal2]

Gold has become part of the earth in the form of precious precious metals, and the price is also stable.
The existence of bitcoin is only about 10 years which shows progress in technology that creates valuable digital currencies that are not in any form, and the profitability of bitcoin prices can exceed gold and be more profitable in an instant.

I don’t think it is the number of years gold has really spent on earth that has increased its relevance, silver has also been in existence for a while.

I think it is the value that has been placed on it and on the other hand, the progress and achievements Bitcoin has recorded  in 10 years is nothing compared to gold. Many have come to the realization that Bitcoin is the future of investment and that’s the latest trend this does not however mean that there are not those who would prefer to go with gold investment