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

[barabarian1]

gold has indeed existed since ancient times and until now gold has remained a good store of value. because the value of gold tends to be stable and always increases every year. but we can't equate bitcoin with gold as they are different. gold can only be used to store value but cannot be used as a means of payment. bitcoin can be used to store values and also as a means of payment. the value of gold is stable while the value of bitcoin is very volatile. of course as a bitcoin investment tool better than gold.

[ReiMomo]

Absolutely. Gold exist a very long time ago. Even in 10000BC gold already exist and still exist until now. I think it's hard for bitcoin to reach gold since its values are volatile so it may rise or fall from time to time and 10 years' existence is not enough. Rather than gold that you can really assure to have a better profit in a long period of time because it is already proven and tested.

But why choosing among them, instead invest them all because they are all valuable stuff and they can make as your asset. Invest now and wait at the right time they will turn in to expensive.

[STT]

because the value of gold tends to be stable and always increases every year.

The point here is best understood while standing on your head, we all view things the wrong way round.   The gold is an inert piece of metal, its quite rare and has specialised properties to it that in a majority match a good use as money, its fungible and reliable.    The point I'm making is the properties of gold are constant, the price is secondary.
   When gold price rises, it is the FIAT money losing value and every year they make more paper notes and every year the gold stays about the same as it was previously just inert solid metal and limited supply.   Any amount of gold mined about matches the world population growth and we do have business growth and so there is a steady demand to store value, wealth earnt is desirable to retain overnight while we sleep and rest and in exchange across nations, over years until retirement and so on.
  The comparison to Bitcoin would be again I would point to its uses not this price we are obsessed with, price is secondary and we will always be chasing our tails to guess its movement.

[X-ray]

gold has indeed existed since ancient times and until now gold has remained a good store of value. because the value of gold tends to be stable and always increases every year. but we can't equate bitcoin with gold as they are different. gold can only be used to store value but cannot be used as a means of payment. bitcoin can be used to store values and also as a means of payment. the value of gold is stable while the value of bitcoin is very volatile. of course as a bitcoin investment tool better than gold.

Bitcoin can be used as a mean of payment though, people in the ancient times are using gold to pay things like in saudi arabia in the ancient times. but now it's not effective anymore but it's still a good way to store value with its low volatility but it still has the volatility.
there are even some cryptos that are backed up by gold so it means that it can also be used to backup crypto so that you can use it for paying things. THe fact that it is a rare mineral will make it an even better payment system than plain paper money. but ofcourse if we compare the efficiency to digital payment it will lose.

[xabre]

you can not compare value of bitcoin with value of something like gold when they don't follow the same unit of measurement. it is like saying you are taller than 1 kilogram!
when you say value of bitcoin you are talking about value of 1.00000000 BTC and when you say value of gold you are saying value of 1 OZ of gold not 1 kilogram or 1 ingot, 1 grain, 1 troy ounce,... so first clarify why you are comparing the biggest unit of bitcoin (1 whole BTC) with smallest unit of gold and why aren't you using the smallest unit of bitcoin (1 satoshi) to do the comparison.

Gold have exist in long time but bitcoin just show to public last than four years, many people still do not know with bitcoin and only know with gold, but you can said gold is better than bitcoin because how bitcoin revolution price very year.

[DeadCoin]

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 is said to be existing since 1320 B.C. Its value and longing for the same has not come down. As decades passed by, value to it has really increased. Even now, its suggested to be the best asset to hold. Yes Bitcoin, from the time (2009) it exists, it has created a demand for its own need and now many here do safer to have their assets as Bitcoin. However, Gold value would remain still as Bitcoin value is volatile.

[meliodas]

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 is said to be existing since 1320 B.C. Its value and longing for the same has not come down. As decades passed by, value to it has really increased. Even now, its suggested to be the best asset to hold. Yes Bitcoin, from the time (2009) it exists, it has created a demand for its own need and now many here do safer to have their assets as Bitcoin. However, Gold value would remain still as Bitcoin value is volatile.

It really depends on the investors if they want an aggressive type of investment or they want a slow moving investment or a moderate risk investment. For some investors, gold is boring because of its slow phase while bitcoin is a great investment because it is volatile and they can really make money in a short period of time. In my opinion, bitcoin is better than gold because it is advanced and it has a bigger potential compare to gold since gold just a metal.

[secretgirl]

You shouldn't equate gold and bitcoin. gold is an object made of metal which currently cannot be used as a means of payment. while bitcoin is a digital currency that can be used as a transaction tool anywhere and is very efficient, using existing technology and the internet. in my opinion you are not wise to equate bitcoin with gold, because there must be many differences between the two from any side. maybe the equation is just that, bitcoin and gold are valuable things that have value.

[suvo05]

Both of them are not at all comparable. Gold exists eternally, it's a part of the universe and our current technologies are somehow dependent on it. Whereas the existence of BTC is totally virtual. So the future of the existence of bitcoin will totally depend on demand and the acceptance of us. And if the demand/acceptance of the BTC increases(or at least not decrease ) in the future the price of the BTC will keep rising due to the algorithmic design, which made the total number of circulation of BTC, a finite number.

[ecnalubma]

Its different factors that drives demand of every different assets, The gold purely overhyped by the government for many centuries ago believed to be a safe haven for economic uncertainty. Bitcoin's demand is driven by by the public who are willing to escape the financial oppression.

[AicecreaME]

Absolutely. Gold exist a very long time ago. Even in 10000BC gold already exist and still exist until now. I think it's hard for bitcoin to reach gold since its values are volatile so it may rise or fall from time to time and 10 years' existence is not enough. Rather than gold that you can really assure to have a better profit in a long period of time because it is already proven and tested.

But why choosing among them, instead invest them all because they are all valuable stuff and they can make as your asset. Invest now and wait at the right time they will turn in to expensive.

Just so you guys know, there are no contest about bitcoin vs. gold, or fiat, it is just happens that bitcoin get on their nerves, so people began comparing it to one another, even though there are nothing beyond these immature arguments. Bitcoin was created not to embarrass the Government or other assets we have during the old days, the Government just took it to personal and concluded things about it, in the wrong way.

The only motive that Satoshi Nakamoto for creating bitcoin is to help all of us with his very wonderful creation that functions without any commands of someone who controls it, we're just too sensitive and scared to embrace such gorgeous technology.

[wildey]

of course, gold and bitcoin are different. bitcoin is only available at the moment and hasn't been there for a long time, even gold is also older than fiat money. in terms of price, gold is also inferior to some current technology. Well, I just feel that comparing the heyday of gold with bitcoin is quite strange. however gold still exists and is needed to this day.

[mdgabrielzim]

of course, gold and bitcoin are different. bitcoin is only available at the moment and hasn't been there for a long time, even gold is also older than fiat money. in terms of price, gold is also inferior to some current technology. Well, I just feel that comparing the heyday of gold with bitcoin is quite strange. however gold still exists and is needed to this day.

I agree with you. Gold, besides having an added value due to its rarity, still has several purposes in medicine, technology and mechanics and etc. (what sets it apart from btc). Moreover it is finite so probably in the near future the price of this could rise staggeringly.

[zidanw]

Gold have been payment way for dinar and dirham coin last one hundred years and now gold still exist become investment assets, gold never get inflation and back to lower price make many people like for investing money in gold. Bitcoin maybe can exist for ten years but how bitcoin price growing up, if bitcoin always lower price many investor left bitcoin and back to invest with gold and property investment.

Gold and bitcoin investment instruments are different. I use gold to protect my wealth from inflation and to invest in cryptocurrency my goal is profit. I invest in bitcoin in particular to get profit later when it meets the target I want. this is my opinion regarding gold investment and bitcoin

[bohr]

of course, gold and bitcoin are different. bitcoin is only available at the moment and hasn't been there for a long time, even gold is also older than fiat money. in terms of price, gold is also inferior to some current technology. Well, I just feel that comparing the heyday of gold with bitcoin is quite strange. however gold still exists and is needed to this day.

I agree with you. Gold, besides having an added value due to its rarity, still has several purposes in medicine, technology and mechanics and etc. (what sets it apart from btc). Moreover it is finite so probably in the near future the price of this could rise staggeringly.

The price of gold will surely rise during the next decades, however while gold its rare there are still many sources of it at the ocean that could contain huge quantities of it and another drawback of gold compared to bitcoin is that we do not know how big those sources are while in bitcoin we know exactly how many coins are still left to be mined and even more importantly we have a very close idea of when those coins will be mined and that is a great advantage bitcoin has over gold.

[barabarian1]

in my opinion we cannot compare the two. because gold and bitcoin are different. gold has long been known as a store of good value. and bitcon is digital money that has high fluctuations. because of this fluctuation bitcoin is an investment tool. gold can also be an investment tool but an increase in the value of gold will not be possible to rival the increase in bitcoin. so that bitcoin investment is better than gold.

[Colt81]

in my opinion we cannot compare the two. because gold and bitcoin are different. gold has long been known as a store of good value. and bitcon is digital money that has high fluctuations. because of this fluctuation bitcoin is an investment tool. gold can also be an investment tool but an increase in the value of gold will not be possible to rival the increase in bitcoin. so that bitcoin investment is better than gold.

Indeed. We should not compare precious metals like gold and silver to bitcoin. We all know that both of them are useful for investment and valuable, but they have a big difference because gold is tangible and commodity, while bitcoin is a virtual currency and a bit more elusive.

[ice098]

in my opinion we cannot compare the two. because gold and bitcoin are different. gold has long been known as a store of good value. and bitcon is digital money that has high fluctuations. because of this fluctuation bitcoin is an investment tool. gold can also be an investment tool but an increase in the value of gold will not be possible to rival the increase in bitcoin. so that bitcoin investment is better than gold.

Correct buddy, Because they are in different aspect. Gold is a physical asset that can be stored and sell in the whole world, you need first to know where country should be sell that, while bitcoin is not yet introduce in the whole world and also it is not yet legal in other country. They both have a great value and good for investment.

[bryant.coleman]

This is the mistake that is being made by so many people around here. Earlier I had seen a thread, where the OP was claiming that gold has been overtaken by Bitcoin. The justification given by him was laughable. He was claiming that 1 Bitcoin is now worth more than 1 ounce of gold and this shows that now Bitcoin is now more valuable than gold.

And how can we make comparison like that? 1 oz of gold is not equal to one Bitcoin. Both are entirely different units. For making comparison, you can't use two different units for two different assets. If you really want to compare gold with Bitcoin, then you should compare the market capitalization. That is the only unit which can be used for both assets. And as of now, this is how the comparison stands:

Gold: market capitalization of $8 trillion
Bitcoin: market capitalization of $173 billion

[Eugenar]

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.

Comparing the value of Gold and Bitcoin isn't directly be possible. In my opinion, in bitcoin, we can say that they have price based on 1 BTC, but in terms of gold, there is no standard physical quantity of measure to determine how much gold will be. But going back to the topic, bitcoin do really serves as the main currency on the internet the same goes to phyisical currency, why not fiat? Because gold have a same characteristics like bitcoin that can be used in every part of the world.