Herbert2020
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May 22, 2019, 06:43:10 AM |
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One of the biggest points, gold is unlimited! I'm sure that even hundreds of years later, gold mining will be active. But Bitcoin is limited! Moreover, although the price of gold seems to be determined in the market, it is in fact closely related to the Dollar price.
actually, similar to bitcoin, gold also has a limited supply because there is a finite amount of gold available on earth. so unless we find another planet and start mining gold there or find a way to chemically alter other materials into gold (alchemy!) you can not say gold is unlimited. as for mining, hundreds of years later bitcoin mining will still be ongoing and the reward will be half of half of .....half. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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Mpamaegbu
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May 22, 2019, 07:43:03 AM |
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Until then, there is no basis for comparison.
Bitcoin and Gold can be considered as a store of value. Both of them perceived to be valuable. Being traded on various exchanges, people hold it and hope they can get rich years later. They consider both of them as an investment. Bitcoin and Gold stock to flow ratio are relatively small. Their 'inflation' is decreasing, or stable for each time frame. To 'mine' them, you need a great resource. That's some basis to compare them. How do you console those who bought Bitcoin as a store of value in Dec 2017 during that ATH? The truth remains that Bitcoin is still evolving and may have the character of greatness. But until then, we can't really compare it with Gold. Can you be true to yourself with all sincerity that you can sell all your possessions and convert to Bitcoin as a store of value at this time? No? In summary:
1. Gold is currently better as a store of value
I totally go with you on this. |
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squatter
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STOP SNITCHIN'
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May 22, 2019, 08:22:17 AM |
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It's also been around for a much longer time...
that is not a small difference to go over it that easily. comparison between gold and bitcoin is comparison between something with more than 2 thousand years of history with a 10 year old bitcoin! that is not a comparison that you should even begin to make in my opinion. Gold goes back even further than that. It was being used in jewellery by the Egyptians around 5000 BCE! I agree that it's crazy to assume that Bitcoin could replace gold, especially this early on. However, I do sympathize with the idea that Bitcoin has superior monetary qualities to gold -- namely, a completely predictable and transparent supply. I think it has the potential to become a traditional store-of-value asset like gold in due time. |
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suvo05
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May 22, 2019, 08:58:14 AM |
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I don't think that BTC and Gold are comparable. Gold is a metal that can be found everywhere in the universe( obviously not so easily  ). whereas BTC is a completely virtual thing. BTC is only known to the less percentage of people but everyone knows about gold. The only thing we concern here is the store value of both items. For the long term, I think people will like to choose GOLD rather than BTC. Cause with BTC there is always a risk factor which the gold is almost risk-free. |
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watchagotcha
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May 22, 2019, 09:56:21 AM |
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BTC can become a digital gold, but I'm afraid it's not too premature to state that BTC is already a digital gold. Competition is not over. Look, f.e. at BCH, it's developing fast, gaining adoption and have a stong leader, so it does can dethrone btc if the latter has significant problems and doesn't scale itself. Gold is time-tested, but how knows what time will bring us? Maybe in a dozen of years scientists will come up with a technology to develop artificial gold, or it will be revealed in large quantities somewhere on Earth or other planets within reach. What would be with gold in that case? Or if just better materials will be found? Gold isn't eternal, and it doesn't bring such returns as btc due to the young age of the latter.
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phamminhtan
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May 22, 2019, 10:18:09 AM |
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Yes, gold, tangible value, is not only valuable in payment, but also has useful value in storage and many practical applications.
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rdbase
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May 22, 2019, 10:48:27 AM |
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There is a photo of what a bar of gold and the sum of bitcoin it is worth. Ill have to look for the link it and post here when I find it.  |
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BuxCoin
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May 22, 2019, 10:54:16 AM |
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even an uneducated people can buy and keep gold and gold is popular many wants it ,but bitcoin only who have some knowledge can keep them and use bitcoin is not so popular , if you take gold and bitcoin to people most of them will chose gold, gold prices are most stable
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Capt00
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May 22, 2019, 11:23:11 AM |
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even an uneducated people can buy and keep gold and gold is popular many wants it ,but bitcoin only who have some knowledge can keep them and use bitcoin is not so popular , if you take gold and bitcoin to people most of them will chose gold, gold prices are most stable
But I think the majority of us now are using high tech devices, I mean we all have high tech gadget that might be learned how to use that digital currency(bitcoin). But why we choose one of them the gold and the bitcoin if we can have profit both of them. I just prefer to hold them both rather than choosing one. |
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MakeMoneyBtc
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May 22, 2019, 11:26:55 AM |
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There are dozens of topics on this subject and everyone has a different opinion about this. The truth is both of them have pros and cons and none is perfect, that's in fact why we are having this conversation comparing the two of them. What matters is that both of them are good enough for anyone who wants to exchange his fiat to assets and hold them for a longer period of time.
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LeGaulois
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May 22, 2019, 11:49:41 AM |
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That's what I often say when I see people claiming "Bitcoin is the best investment". I know a lot of them have lost money during the crash. Since I don't hear them anymore to say the same. A lot of people aren't so used with investments generally speaking I think. Bitcoin is, in my opinion, far to be a store of value. SOV. is supposed to be a 'store your value' so your capital, how a cryptocurrency, volatile like BTC is, can help someone to 'store a capital' to avoid the risk to lose a % |
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raden1922
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May 22, 2019, 12:32:27 PM |
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I see both are very valuable, in general gold is seen, has a form and certainly has value. But it might be risky if we keep it at home. Bitcoin is indeed not visible, but has been popular and has tremendous value. Although it is intangible and only a digital form, for me Bitcoin is an asset for the future. The conclusion is both are very valuable. And the right choice for long-term investment.
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luigivessota
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May 22, 2019, 01:08:00 PM |
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Could ETH be considered then the equivalent of silver?lol
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Ranly123
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May 22, 2019, 01:30:50 PM |
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New era means new ways to do transactions. In my own point of view, gold is still the main tangible for money but maybe in the future when cashless society is everywhere, Bitcoin would be the basis for every cryptocurrency to emerge. |
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MMysterious
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May 22, 2019, 01:39:05 PM |
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New era means new ways to do transactions. In my own point of view, gold is still the main tangible for money but maybe in the future when cashless society is everywhere, Bitcoin would be the basis for every cryptocurrency to emerge. If you want stability it's on gold. If you want bigger profits then proceed on bitcoin. The future of blockchain is very huge although there are many coins contending to beat bitcoin on top. |
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marketingnerd
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May 22, 2019, 01:49:50 PM |
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New era means new ways to do transactions. In my own point of view, gold is still the main tangible for money but maybe in the future when cashless society is everywhere, Bitcoin would be the basis for every cryptocurrency to emerge. If you want stability it's on gold. If you want bigger profits then proceed on bitcoin. The future of blockchain is very huge although there are many coins contending to beat bitcoin on top. Any favorite ones? |
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luigivessota
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May 22, 2019, 02:08:19 PM |
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BTC has a long way to go if it wants to compete with gold... Gold has more uses too.
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Firecold4
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May 22, 2019, 02:10:14 PM |
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between gold and bitcoin if used wisely it must be very profitable gold is dominantly rising but the price increase is very little and requires a long time to get a lot of profits but bitcoin value fluctuating and full of risks but the increase in price offered is truly extraordinary we can seeing it from March to the present the increase was truly extraordinary
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rdbase
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May 22, 2019, 03:48:52 PM |
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Give a big thank you to gyrsur for the recent post of how many BTC is worth a gold bar link to the pic on twitter. |
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pundit
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May 22, 2019, 04:31:30 PM |
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If someone ask me to invest either in Gold or BTC I would definitely chose BTC but this is about part of my investment, I cannot invest the whole amount into Bitcoin at any point of time. Yes if it comes to Gold I can even invest 90% of my cash assets into Gold, this the difference betweeen BTC and Gold.
Bicoin may give you better return but it is not stable whereas Gold is much stable and have other uses as well although return on Gold investment may be lesser. It depends how much amount and for what period you are ready to invest, how much risk you can take, investing in Gold and BTC has their own pros and cons.
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