Gold and Crypto

[Apinya_Anong1111]

Resources such as gold are used as a major exchange unit from ancient to present. With the continuous development of the world economy, the introduction of cryptocurrencies can replace gold making this exchange job much better than before and much more convenient than before.

[traducteurTor]

Gold is a fairly safe and stable economic storage unit that rarely loses its value. The same goes for cryptocurrencies, whose function and value are quite similar to gold. In the current economic era, cryptocurrencies are carrying a lot of responsibilities like gold.

[tianglistrik]

The speculative and volatile nature of Bitcoin is the main reason why bitcoin despite so much expensive cant be seen as an asset of storage like Gold. If bitcoin becomes stable, storing a value will be so easy and secure. You don't need bank lockers to store value like gold rather securing your bitcoin key will all you need.

but if bitcoin has a stable value then there are people who exercise control over the price, I prefer bitcoin at this price because we can generate profits from price movements, and I think bitcoin is considered an asset because of its high value

[adzino]

It would be really great if people stops comparing gold with bitcoin. Gold is a valuable metal that is scarce. Gold has physical existence, but crypto currencies have no such physical existence. It exists only virtually. Not sure what you meant by "turn into a comparative resource for ensure clients' worth or other Coins ". I guess you are trying to say if the price rise can be used as an incentive to store bitcoin for long run. If so, then yes it can be!

[pixie85]

Resources such as gold are used as a major exchange unit from ancient to present. With the continuous development of the world economy, the introduction of cryptocurrencies can replace gold making this exchange job much better than before and much more convenient than before.

No, gold is no longer used as an exchange unit. It's even hard to trade real gold these days. What you're buying and selling online are gold shares and this is what most people are into. If it is a unit of exchange take a gold bar and try to buy something for it, even something of equal value like a car. You can't do it!

[xiboothrezi]

Why change and be compared with gold? if without that bitcoin can exceed expectations and in just a decade the price could rise several times? Yes, maybe, on the other hand, will reduce the risk of volatility and more people will join because the risk is lower and easier to manage. But on the other hand, it also has flaws where it cannot be easily found that price changes in the cryptocurrency market are very volatile.
Gold is profitable, so is bitcoin, both of which bring profits so just use both of them well. It doesn't have to make bitcoin as gold. Just combine the benefits offered by both, for example, take profit from bitcoin then buy gold, it is quite effective to maintain the stability of your assets.

[Pearls Before Swine]

This gold vs. bitcoin discussion is probably as old as this forum is.

I have nothing against gold myself, but if I had to make a choice between it and bitcoin, I would choose bitcoin with no hesitation whatsoever.  Take a look at how gold has performed in the market in the past 10 years and then compare that to bitcoin's chart.  Bitcoin has been more volatile by far, but that trait makes it much better for traders who want to make a profit, plus bitcoin has simply performed better than gold.

Gold isn't going to move in terms of value, not in the short or long term future (10 years or so) unless there's a *major* economic crisis and investors start looking for safe places to put their money.  Bitcoin is probably going to do much better than gold in any case, so the choice is an obvious one for me.

[Mumbeeptind1963]

It would be really great if people stops comparing gold with bitcoin. Gold is a valuable metal that is scarce. Gold has physical existence, but crypto currencies have no such physical existence. It exists only virtually. Not sure what you meant by "turn into a comparative resource for ensure clients' worth or other Coins ". I guess you are trying to say if the price rise can be used as an incentive to store bitcoin for long run. If so, then yes it can be!

They are both in different ways, people always comparing this too, well in fact they are not in the same categories, the only thing they are in common is they are both good investment for the future, but gold has been good investment for a centuries while bitcoin is about a decade only, it all depends on your budget in which you will put the bigger investment of your money.

[iv4n]

This gold vs. bitcoin discussion is probably as old as this forum is.

I have nothing against gold myself, but if I had to make a choice between it and bitcoin, I would choose bitcoin with no hesitation whatsoever.  Take a look at how gold has performed in the market in the past 10 years and then compare that to bitcoin's chart.  Bitcoin has been more volatile by far, but that trait makes it much better for traders who want to make a profit, plus bitcoin has simply performed better than gold.

Gold isn't going to move in terms of value, not in the short or long term future (10 years or so) unless there's a *major* economic crisis and investors start looking for safe places to put their money.  Bitcoin is probably going to do much better than gold in any case, so the choice is an obvious one for me.

Many of us would choose bitcoin over gold. Kids now days would choose game tokens over dollars, just to be clear on that. New generations don't care about gold and dollars, they care about digital stuff and everything that is connected with technology. They will use gold as conductors and as a luxury metal, but nothing more, its the future of gold to be one of this two, luxury or someone will make something good from that piece of metal.

[tenakha]

Gold is a fairly safe and stable economic storage unit that rarely loses its value. The same goes for cryptocurrencies, whose function and value are quite similar to gold. In the current economic era, cryptocurrencies are carrying a lot of responsibilities like gold.

I am not agree with you. How can virtual BTC with high volatility have the same function as the physically existing gold with the least volatile price? BTC is already used in many places, while the usefulness of gold as a payment method is limited. Gold is just metal and we are the ones that add value. Gold may be replaced by another metal or none of metal may be valuable. "But BTC is unique."

[Oneandpure]

Hi PEPs I am here to talk about GOLD. The valuable metal has been utilized by various developments and it has helped people to store an incentive during times of financial vulnerability. The fundamental inquiry is whether Bitcoin (BTC) will ever have the option to turn into a comparative resource for ensure clients' worth or other Coins that claimed to be backed by real gold can actually live up to that standard? willing to hear from you guys

Many investor looking which one profitable for investing without risk like gold, but I dislike for long term investing and earn little profit like gold investment, every body know how much increase of gold investment yearly maybe about 5% is most higher increase amount. I like faced big risk with bitcoin although have can be lower price but I keep for investing in crypto and get much profit although just one week investment.

[LbtalkL]

Bitcoin and Gold is in different category but I think and hope in the future that bitcoin will be more stablelized and it could be considered a virtual currency version of gold. On the other hand, I don't believed those project claiming to be backed by gold. I have been seeing a lot of projects like that but all are turned scammed.

[Google+]

Bitcoin and Gold is in different category but I think and hope in the future that bitcoin will be more stablelized and it could be considered a virtual currency version of gold. On the other hand, I don't believed those project claiming to be backed by gold. I have been seeing a lot of projects like that but all are turned scammed.

it's true that these two currencies have very clear differences but if there are some projects that say they have a concept that is supported by gold I think it only gets support from gold traders and groups that have a large amount of gold to support the price of coins from a project to keep it stable.

[awakpane]

In my understanding, between gold and crypto is very different. because gold has an intrinsic value while the cryto currency has no intellectual value. therefore it is not possible if the BTC changes in gold options.

[Zionatin]

Even if it is backed by gold. Will you ever see that gold? Probably not. So it may as well not be there. I think if they can back up 10% of the value of their coin then that will be plenty good enough since there will never be more then 10% of people withdrawing their gold. They will rather go on the fact that they can always get the gold whenever they want and that is what gives it it's value. Very much traditional fiat that is meant to be tied to gold.

In my understanding, between gold and crypto is very different. because gold has an intrinsic value while the cryto currency has no intellectual value. therefore it is not possible if the BTC changes in gold options.

No intellectual value? Seriously? Gold is only worth anything since it is rare and shiny. Bitcoin is also rare its basically the digital version.

[lepbagong]

Bitcoin and Gold is in different category but I think and hope in the future that bitcoin will be more stablelized and it could be considered a virtual currency version of gold. On the other hand, I don't believed those project claiming to be backed by gold. I have been seeing a lot of projects like that but all are turned scammed.

it's true that these two currencies have very clear differences but if there are some projects that say they have a concept that is supported by gold I think it only gets support from gold traders and groups that have a large amount of gold to support the price of coins from a project to keep it stable.

Bitcoin is still more superior if you want to compare with gold, of course. obviously the concept is very different between bitcoin and gold, from the movements alone it is very different that it is true that bitcoin is not stable enough compared to gold, precisely here lies the advantages of bitcoin because it is a long-term investment and needs proper analysis in determining action.

[yulionoo]

I think bitcoin won't be a comparative source supported by real gold, Bitcoin will still be bitcoin and won't be supported by anything, because bitcoin fluctuations can go up and down at any time, bitcoin will be the most expensive crypto currency.
While Gold has used a lot of blockchain technology, it means that gold will not outperform bitcoin because gold is good for long-term investment with minimal risk.

yes i agree with you bitcoin will not be a comparative source. since the beginning bitcoin is decentralized and doesn't use gold as a claim or support. and I think that until the end of bitcoin or other crypto will stand alone without the support of gold. gold and cypto I think have different paths so we cannot compare gold with cryptocurrency. since a long time ago gold has been a good store of value. but in terms of investment I think crypto is better than gold because crypto can experience a higher increase than gold.

[shoreno]

Bitcoin and Gold is in different category but I think and hope in the future that bitcoin will be more stablelized and it could be considered a virtual currency version of gold. On the other hand, I don't believed those project claiming to be backed by gold. I have been seeing a lot of projects like that but all are turned scammed.

it's true that these two currencies have very clear differences but if there are some projects that say they have a concept that is supported by gold I think it only gets support from gold traders and groups that have a large amount of gold to support the price of coins from a project to keep it stable.

Bitcoin is still more superior if you want to compare with gold, of course. obviously the concept is very different between bitcoin and gold, from the movements alone it is very different that it is true that bitcoin is not stable enough compared to gold, precisely here lies the advantages of bitcoin because it is a long-term investment and needs proper analysis in determining action.

but what about gold ? gold is also an asset and a long term investment  .

gold is also superior because you can make different things from it like for example you can melt your gold and turn it into a fashionable accesory but at the same time it still have its value which you can pawn any time of the day on a pawnshop so that you can have a money to spend on  but crypto do also have its own goodness and that mainly for online usage  .

[matchi2011]

Bitcoin and Gold is in different category but I think and hope in the future that bitcoin will be more stablelized and it could be considered a virtual currency version of gold. On the other hand, I don't believed those project claiming to be backed by gold. I have been seeing a lot of projects like that but all are turned scammed.

it's true that these two currencies have very clear differences but if there are some projects that say they have a concept that is supported by gold I think it only gets support from gold traders and groups that have a large amount of gold to support the price of coins from a project to keep it stable.

Or it's just to entice investors to participate and invest in, if there's no evidence that they are truly supported by a group of gold holders the chance that it will only scammed out is  possible.  Best to assess if you are looking to join the project.
Both assets currently valuable and if you can hold both for long term investment value in the future will bring a decent benefits.

[jazmuzika217]

I agree that gold and crypto specially if we talk about bitcoin. But we can say that gold is better than crypto because all we know that gold market never die and it is very easy to convert in cash in terms of pawing or selling unlike in crypto it is hard to find the right buyer of your coin specially when the crypto price is really in a low price value.