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

[Nhebu]

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.

Quality is greater than Quantity.
If bitcoin compared to gold, quality asset can be seen in bitcoin. There are many things that we can use using bitcoin transaction. However, gold is also quality asset. But because it is precious, only few people can afford to buy gold. That is their difference. Because we can be bought by the use of bitcoin. We can send and receive bitcoin wherever we are. Unlike with, the primary usage is for collecting and to have a good class to the people.

[zenhu]

Gold and bitcoin is different currency to compare. Gold is a currency for safe-haven to protect economy from inflation, so people around world trusted with gold than bitcoin. Gold can exist till forever i guess, cause in every country need gold. Its different with bitcoin that just can be use to make profit by trade at the market, also bitcoin isn't only one currency that can be traded.

[STT]

Big rise in gold recently in almost any currency but utility and convenience says both crypto and gold will continue on separate paths, covering different objectives and audiences



Crypto will always have a use beyond gold as it is not tied to the physical and people who are global citizens with skills usable in any country will want to be part of that wealth able to used anywhere even without perfect personal freedom.
   GOld carries with it a security risk and requirement for some personal freedom to at least be able to own possessions.    Both have uses to them that will continue a decade into the future or more I think.    Gold is more central and a counter to FIAT debt and crypto is more transaction and free use, its value may vary but it is always liquid.   Both should very useful for common people, which means both do well I think

[LeGaulois]

...

Yeah, I saw that this week. Now think about this:
Several countries have been buying gold massively the past years/months, (Russia, China, or Germany requesting to get back its gold stocked in France, or Italy trying too) even the IFM. Right?
https://sputniknews.com/business/201903301073683758-russia-gold-buy-up-continues/
https://www.bloomberg.com/news/articles/2019-06-10/china-snaps-up-more-gold-in-six-month-spree-as-tensions-escalate

Now read this quote from Mark Mobius

"Interest rates are falling, especially in Europe," he said, quoted by the news agency. "What is the meaning of maintaining the euro when you get a negative rate? You might as well put it in gold, because gold is a much better currency.

(Source, not in EN, sorry)

This is so true, and that's why gold will probably continue to increase shortly

[BillyBurns]

Why people still like to compare gold and bitcoin will stay enigma for me. It was interesting in the beginning, but now it`s boring, cause these two can`t be compared. Gold is a rock, bitcoin is entire network that connects whole world. This is evolution of money, denying it will not lead us anywhere, compare it with past has no sense cause crypto is something totally different from everything we had.

Gold is not a rock fool, it is a metal LOL. You do realize it is actually impossible for bitcoin to exist without gold right? You seem like someone that's onm the verge of losing a lot of money due to not understanding what your talking about.

[Indamuck]

I don't understand the people going all in on bitcoin, doesn't make sense unless you are a high risk gambler.  Gold usually doesn't outperform stocks but it is a good hedge in case of a crash.  On a side note, don't forget that more gold gets mined every year so it is not really deflationary.

[ck343]

Why people still like to compare gold and bitcoin will stay enigma for me. It was interesting in the beginning, but now it`s boring, cause these two can`t be compared. Gold is a rock, bitcoin is entire network that connects whole world. This is evolution of money, denying it will not lead us anywhere, compare it with past has no sense cause crypto is something totally different from everything we had.

You are 100% right.
That's why, if we want to compare Bitcoin and Gold, it makes only sense if we compare Bitcoin with gold-backed cryptocoins

[HELLOFF]

I think that this is not the way to treat Bitcoin and gold, comparing them and getting biased results.  As an example, I can say a few words in order to understand what I am talking about.  In our world in some countries there is a huge problem with water and food.  People do not have what to drink and what to eat.  In those countries, these products are worth their weight in gold, and in our country, for example, water costs a penny.

[Carreuh]

That's right, gold has been around for quite a long time and even now I don't know for sure when the gold was found and this is back to bitcoin which is still very new but even though bitcon is more expensive than gold but also more risky than gold, bitcoin has a price  which is very volatile so that it is difficult to be accepted by most people but gold is more stable and much in demand by most people

[princesspoppy]

There's always this comparison between gold and bitcoin, whether bitcoin is better than gold as a storage of value, that bitcoin will be the future currency and that it will replace fiat like how fiat replaced gold and blahblahblah. Can't you just people stop comparing gold and bitcoin, or any other things to bitcoin. Bitcoin is different from gold in its own better way just like how gold differs from bitcoin in its own better way.

Gold has been used and still in used as a store of value for thousands of years until now.  And during those years, it has proven to us that it will never be out in the options as a store of value just like what we see bitcoin is now. Although technology is upgrading as well as bitcoins popularity gains more attention, that doesn't mean that bitcoin will ever replace gold. There will always be some people who will see gold's potential as a better choice than bitcoin, because these two things have different works and value. Let's accept that fact and stop comparing two things not worth comparing.

[Argoo]

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 exists as a value and means of payment for more than several millennia, and Bitcoin is only ten years old. Gold will exist throughout the development of mankind. With regard to Bitcoin, there is no such certainty. How long can a cryptocurrency exist, probably, the next generations will be able to say. Cryptocurrency has its merits and its shortcomings and in this regard, it is contradictory perceived by the states.

[Moiyah]

It doesn't matter if Gold existed for thousands of years. Comparing those two (Bitcoin and Gold) are far different from each other. The special ability of bitcoin is unique as it wasn't physical unlike gold. And the value of gold is not as same as bitcoin. It is better if we just focus on investment which we like the most. As for me, bitcoin gave me profitable results in my journey here since last year.

[bryant.coleman]

Gold and bitcoin is different currency to compare. Gold is a currency for safe-haven to protect economy from inflation, so people around world trusted with gold than bitcoin. Gold can exist till forever i guess, cause in every country need gold. Its different with bitcoin that just can be use to make profit by trade at the market, also bitcoin isn't only one currency that can be traded.

During the past few years, gold has seen a decline in interest from the investors. Gold imports have decreased in the two largest markets (India and China) and the prices haven't moved much despite the drop in South African mine production. IMO, the next bull rally for gold may happen only if a major global financial crisis occurs. And the chances of something like that happening looks very remote as of now. And gold is no longer the preferred "safe heaven investment". That honor has gone to the United States Treasury Bonds.

[awik p]

in this case building community trust is an obstacle, especially the government. gold is trusted by all people in the world as valuables, while bitcoin is only 10 years old, and there are still minimal users. but we can see the achievement of bitcoin so far, which makes it valuable in the eyes of bitcoiners. with advanced technology, bitcoin is analogous to digital gold later

[akram143]

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 development of Bitcoin will be more powerful then the gold that's why it will be more popular in very quick time but I think the stability from the gold will not here in the Bitcoin investment that is the only e defect from the side of Bitcoin

[brotherwood12]

ya time is the real reason that decide is bitcoin really wroth or it will be useless in the future . And the human resource that will decide it will they adopt bitcoin system for future payment nor it will be cashless sociecity . we can just wait and try to spread bitcoin to more people

[fiulpro]

Both are different things and trust me shouldn't be compared at the same time.

Gold is something that is more of a jewelry choice .
Bitcoins is something that is more or so like the choice of investors and it's very different .
They both are poles apart and doesn't mean if something was discovered first , it's more valuable.
Just take for example gold and platinum...

[Saisher]

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 are living in a technology where everything is fast paced and the world looks small now more than ever, and Bitcoin helps us to be connected and united, that is why the value is more than the value of gold, we have a gold rush in Bitcoin.

[STT]

Gold is for holding many years, Bitcoin is to transact in minutes with lower spreads.   These two events in a person financial history are not comparing and the two assets are not close in competing.   The only reason the prices are likely to head in the same direction always is that dollar is a denominator in the price and also a monetary alternative to gold or Bitcoin.


I'am certain both gold and Bitcoin will grow as both receive more regular usage, neither will stop the other from being used even simultaneously and Gold will never have the tiny costs that Bitcoin can bring to people dealing tiny amounts.

in this case building community trust is an obstacle, especially the government. gold is trusted by all people in the world as valuables, while bitcoin is only 10 years old

With Gold I must trust in a vault somewhere with human error to keep a correct account, I must believe the government of that area do not try to seize my gold and declare it theirs to keep.   I have risks physically and centralised to reliance on trust of that system.  There any many books of account kept that register my holding but I will never see, I must keep blind faith the accounting will be good and true.
     With Bitcoin Im relieved of my physical trust problem, its confirmed by many equal partners in a network spread around the world.    I only have to rely on an open circle of reliance by all involved in the network to have an ongoing belief and mutual reliance on each other to maintain integrity, the breaking of trust by one or even a few does diminish this asset.    This is possibly the first time in history this has ever been possible, Bitcoin in unique and peerless in its level of security vs any technological threat hence the price it commands.

[STT]

more gold gets mined every year so it is not really deflationary.

Compared to now where massive amounts of FIAT far in excess of GDP growth are being produced, gold is quite different.   I think the benchmark because GDP is unreliable and prone to politics, is to look at population growth.   If we could measure gold in the world per person that might be the measure of whether its inflationary or deflationary or by some magical means perfectly balanced.   
    Prices will fall when measured in gold I think, we dont have enough growth overall and there is alot of waste still occurring that could be avoided and obviously society is not always productive.   I certainly expect gold is keep rising every decade because of continuing weakness and debt based spending, again this isnt productive enterprise or competitive and efficient like economies should be so its unlikely we see the rise of value in various nations currencies in comparison.