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Author Topic: Gold exist 1000+ years. while bitcoins exist 10 years.  (Read 24820 times)
Oasisman
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March 16, 2019, 12:38:36 AM
 #161

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.

Golds existence is far more than just 1000+ years, did you mean the length of years before Gold gained value and used it as a medium for trading?
Anyway, I dont really believed these kind of comparison in determining the future value of Bitcoin, I mean they are completely different things and completely has different functions. The use and function of Gold maybe limited by now, but this technology we have today has still a lot of room for innovations and improvements.

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March 16, 2019, 02:47:05 AM
 #162

Save for tracking both gold and BTC's price, I think we shouldn't be comparing them that much. They've both been used as currency and that's where the similarities end. One is physical, one exists as 0s and 1s. Both have their uses.


Gold is way better than bitcoin in reality. If we're being practical in such a way where internet is not a good thing anymore, gold is a precious thing. It can be sold for a lot of money in the future while the bitcoin can be replaced by an upgraded or a thing that is way more better and has a lot of benefits.

When people hoard stuff, they usually think of worst case scenarios. You'd find it hard to sell gold in SHTF situations. Only good thing is that no matter how much time passes, your gold cache would still be gold. BTC would not survive the destruction of the internet and power grid.

Agreed with BTC's possibility of obsolescence with newer techs though.
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March 16, 2019, 05:27:45 AM
 #163

It is still depends on the usage, gold has a good value and has worth the usage while the bitcoin is still in progress to have a good purpose and usage and adoptation also, gold has been adopted by many countries in the world while bitcoin rejected meaning there were lots of factors of comparison.
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March 16, 2019, 09:36:56 AM
 #164

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.

Golds existence is far more than just 1000+ years, did you mean the length of years before Gold gained value and used it as a medium for trading?
Anyway, I dont really believed these kind of comparison in determining the future value of Bitcoin, I mean they are completely different things and completely has different functions. The use and function of Gold maybe limited by now, but this technology we have today has still a lot of room for innovations and improvements.

Gold exist for more than a thousand years. And I do believe that Bitcoin, which is often called virtual gold, will also exist, live for long. It is a very profitable investment. The longer you hold it, the more you will get.
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March 16, 2019, 10:23:32 AM
 #165

They said pandors box cant be closed once it was open, but what they should have said it's a door with that will eventually close and never open again. All of these crypto guys will be broke in a decades times. Bitcoin is like air. Its value be worth the price of its story I set that value at 20$ by 2026

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March 16, 2019, 11:13:36 AM
 #166

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.

Golds existence is far more than just 1000+ years, did you mean the length of years before Gold gained value and used it as a medium for trading?
Anyway, I dont really believed these kind of comparison in determining the future value of Bitcoin, I mean they are completely different things and completely has different functions. The use and function of Gold maybe limited by now, but this technology we have today has still a lot of room for innovations and improvements.

Gold exist for more than a thousand years. And I do believe that Bitcoin, which is often called virtual gold, will also exist, live for long. It is a very profitable investment. The longer you hold it, the more you will get.
therefore most people if they get the proceeds from the bitcoin investment, they will be invested in gold again because the gold investment is very promising at any time but for bitcoin we cannot predict how long it can last

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March 16, 2019, 01:19:31 PM
 #167

I think what's most interesting about gold is despite it being an object of value and desire for thousands of years, the people who are heavily into it are still regarded as nutters in the main and it's still a pretty niche product. I have only met one person in my entire life who owns gold.

If gold can't manage it, I presume a significant percentage of the population will still regard Bitcoin fans as creepy maniacs in 50 or 250 years.
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March 16, 2019, 05:08:13 PM
 #168

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 the value or time span of bitcoin and gold's success. We all know that both are good means of investment but they have their own characteristics. They both passes all the tests of time. We could invest in gold and bitcoin and we could both gain a good profit.
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March 17, 2019, 12:20:53 PM
 #169

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 and gold are both different and also we are not sating here tgat we are not open for any upgrades or any changes that can make our life easier. I dont see anything on both. Gold is a good investment and it can actually be an accessory that sometimes a basis of a social status , whilst bitcoin is an investment and also a digital currency that can make our life more convinient than the past.

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March 21, 2019, 06:36:11 AM
 #170

I think both have advantages and disadvantages of each, and both are assets that are worthy to have. Although bitcoin has only been present for 10 years, but it is no less popular than gold, the people who are following the technology prefer to collect bitcoins so they have the courage to take risks.
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March 21, 2019, 06:49:03 AM
 #171

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 and gold are both different and also we are not sating here tgat we are not open for any upgrades or any changes that can make our life easier. I dont see anything on both. Gold is a good investment and it can actually be an accessory that sometimes a basis of a social status , whilst bitcoin is an investment and also a digital currency that can make our life more convinient than the past.
Gold and bitcoin vary in some form, but that is not a big factor. The comparison comes whenever there is a group of people who are skilled yet fear to make an investment into bitcoin. When a question is raised they'll first indicate the volatility in comparison to the gold value. In this way one way or other both can't be compromised. It is possible only through trust.

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March 21, 2019, 06:56:40 AM
 #172

It is still depends on the usage, gold has a good value and has worth the usage while the bitcoin is still in progress to have a good purpose and usage and adoptation also, gold has been adopted by many countries in the world while bitcoin rejected meaning there were lots of factors of comparison.
we cannot compare between gold and bitcoin historically and also the use of gold is more known and there are also many who are sure to invest in gold, while bitcoin is a new thing and people still feel unfamiliar with that name
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March 22, 2019, 08:30:13 PM
 #173

I think both have advantages and disadvantages of each, and both are assets that are worthy to have. Although bitcoin has only been present for 10 years, but it is no less popular than gold, the people who are following the technology prefer to collect bitcoins so they have the courage to take risks.
A lot of us likes to judge their success by their price forgetting that their market cap is what matters, I think Gold market cap is almost 40 times the market cap of present Cryptocurrency market cap, though gold has been existing for years and BTC is just 10 years, but both are also very good and have their own role to play in the development of the economy worldwide.

Once Bitcoin overcomes all this hurdles its presently passing through and the adoption becomes very wide, it will eventually go close to Gold cap too in years to come, that is why we all need to always look at the future and not the present situation the market is now that is making every investor panic.

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March 22, 2019, 10:52:02 PM
 #174

I don't think we can compare gold with bitcoin. because both are very different gold comes from natural resources while bitcoin is created from computer software. then the value of bitcoin is very volatile while the value of gold is more stable. so we cannot compare the two. both are used to store value but have different risks and benefits.

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March 22, 2019, 11:36:00 PM
 #175

It is still depends on the usage, gold has a good value and has worth the usage while the bitcoin is still in progress to have a good purpose and usage and adoptation also, gold has been adopted by many countries in the world while bitcoin rejected meaning there were lots of factors of comparison.
we cannot compare between gold and bitcoin historically and also the use of gold is more known and there are also many who are sure to invest in gold, while bitcoin is a new thing and people still feel unfamiliar with that name

Imo bitcoin is not new because its been already 9+ years since it existed and most of us now are actually already fammilliar with it but they are only doubting to use bitcoin because they cannot see bitcoin , they think bitcoin is unreal or a scam coin . this thinking only limits the adoption while gold is undoubtedly legit in any angle . all people in all ages recognized and will love to take a piece of it but we'l never know in the more decades to come if people revert their minds to embrace bitcoin .
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March 22, 2019, 11:48:41 PM
 #176

The milestones achieved by bitcoin in just a decade beats the performance of the development of other forms of money historically.A decade more will see astronomical adoption for bitcoins. Bitcoin is the future of money and is more efficient to all other previous forms
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March 23, 2019, 05:33:20 AM
 #177

i know when gold and the other valuable stone dominate market and be currency, they have same value if you trade between small portion gold with other stuff. and thats apply for all society, use that currency. look at now, bitcoin have high value because of technological explosion. you know if gold be always used by all people, while bitcoin used by people that know about it, i mean not all people use bitcoin like gold.
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March 23, 2019, 12:43:49 PM
 #178

We cannot compare between gold and bitcoin because it's different things. Most people know about gold, but not many people know bitcoin. I agree that bitcoin can increase the price in the long-term but gold still be people's favorite so far. Soon when gold is not produced anymore, the existing of gold will become too expensive and I think when that time comes, we will see that gold and bitcoin will be the most thing people searching for their life.
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March 24, 2019, 02:55:45 AM
 #179

I don't think we can equate bitcoin and gold, in terms of the nature and also the investment instruments themselves, bitcoin and gold are very different because until now I think the bitcoin category risks are quite large.

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March 27, 2019, 11:51:26 AM
 #180

Now possible investment in Bitcoin seems risky, but this is because it has not yet become widespread and is not recognized by the governments. I believe that after Bitcoin is introduced into the legislative field of most countries, the world will invest in Bitcoin more securely, and its volatility will decrease.
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