Bitcoin and Diamond

[Pffrt]

I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?

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[Yatsan]

I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.

You can't find one cause there is totally none. I think it is incomparable to bitcoin, diamonds are not priced just because it is called diamond but because it has a unique properties and rarity, In fact it has a level of rarity in terms of gemstones. Imagine that these stones are formed million and billions of years, enough for us not to compare it with bitcoin.

Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?

As for Marginal Principle, the subjectivity of people considering diamond's value is high. I think you should read diamond and water paradox articles spread throughout the internet, and maybe you, yourself can answer your own question about diamond and water as total utility.

I don't know what you are trying to say that people are buying diamonds out of their emotion, cause if you are rich then might as well invest on something that you can afford.

[Lomberjack]

I think diamond is a good investment for many people though there are no general purpose for diamond save for some technical thingies. It is more like an artwork rather a commodity. It is better than btc I think because it is more on rarity and quality of the diamond you have(save for the quality is the size of your diamond).

[panganib999]

As bitcoin becomes trendy and the most awaited form of investment these past few years, I don't really see bitcoin becoming a competitor of diamond. Diamond is not valued because of decentralization unlike bitcoin where the price of diamond will not be lesser than what it is now. Bitcoin otherwise is a form of investment that has a high percentage of making a profit. No need for bitcoin vs diamond data after all.

[Pffrt]

I think you should read diamond and water paradox articles spread throughout the internet, and maybe you, yourself can answer your own question about diamond and water as total utility.

Both Diamond and water are limited but due to the huge supply of water, it makes water less precious than Diamond although water has utility while Diamond has not.

I don't know what you are trying to say that people are buying diamonds out of their emotion, cause if you are rich then might as well invest on something that you can afford.

Keep investment apart from utility. Both are different. Diamond has no utility so users purchase out of their emotion.

It is better than btc I think because it is more on rarity and quality of the diamond you have(save for the quality is the size of your diamond).

Not true at all. Value of commodity or any other things depends on utility first and then comes the availability. Both bitcoin and Diamond are limited in supply but Diamond has no utility.

[fiulpro]

I have no idea if you are trying to talk about Bitcoin diamond fork or integrating bitcoins with diamond as a while .
One should understand that diamond , gold , silver and other precious metals do have the same base value and therefore it is the same with gold , diamonds are really cheap in reality but people tend to overpay it because of the marketing .
But at the end of the day it's considered a rare thing and I do think bitcoins is the same .
Therefore It is the same for gold .

[TheUltraElite]

I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond?

There has been a project by the name of CEDEX. It was going to develop a Diamond marketplace and using of their tokens to buy/sell real diamonds on their marketplace and use of these tokens as collateral for loans, that is token-backed lending. Alas, they seem to have gone backrupt in the recent months along with their parent holding TechFinancials.

But due to the fork coin Bitcoin diamond, I didn't find anything.

BCD is a shitcoin.

Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.

They are precious because of their rarity. Gems have different uses in jewellery too. So they have a market. But it is absurd to think of everything to be a utility. These things are not even comparable to cryptocurrencies.

[Eugenar]

Both diamond and bitcoin are valuable for us, both have such a significant value, but I think these two things are not comparable because they are different thing, different in price, different in structure, different in purposes, etc. the only thing that makes them similar is their value, they have both a significant amount if you sell or buy it, the price of the diamonds depends on its quality, weight of carat and its setting, so meaning to say it differs through physical things, while bitcoin is the currency that differs its price depends on the big traders which happen through online.

Actually, it would be better if you change your topic into "Bitcoin and Diamond, which is better for you", if that is the case then I would instead choose the bitcoin, it is so hard for you to acquire diamonds than bitcoin. We can have bitcoin through the use of websites, and there are a lot of websites that we can use to gain bitcoin while diamonds are rare.

[The Sceptical Chymist]

I think diamond is a good investment for many people though there are no general purpose for diamond save for some technical thingies.

I'd say diamonds have a very specific and useful purpose, just like gold does.  You can't discount the importance of either one's use in making jewelry.  Gold and diamonds have been used for a long, long time; they're very popular; and they hold value.

Having said that, there isn't any crypto linked to diamonds and there doesn't need to be--just like gold doesn't need to be linked to crypto, as in a gold-backed coin.  That concept has been discussed for years and it just isn't popular.  Someone would have to hold the gold or diamonds that were backing the coin, and obviously that's a problem.  It also goes against what cryptocurrencies stand for, which is decentralization and not having a need to trust a 3rd party.

If you want to invest in diamonds, go for it.  But if crypto is your thing, that's completely separate.  And it should be.

[avikz]

I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?

If I think as per your mentality - Bugatti and Lamborghini should not be sold that costly because of their limited utility! Same goes for Gold as well! Not everything is priced based on their utility. There's something called "rarity" as well! Original diamonds are very rare and that's what makes them precious.

Secondly, diamond has a astrological value as well. Around the world, diamonds are being used for astrological purpose. If you are not very familiar with this, you can do some google search to know.

We can definitely create a demand supply curve for both bitcoin and diamond and what's the reason for doing it? Can you come to any conclusion as to why you need it?

[Ryker1]

Well, I am trying to understand your statement better. But if I get it correctly, you were trying to say that you were looking for a topic about bitcoin and diamond being integrated? Well, --there is none integration for bitcoin and diamonds yet. But it does not mean that people do not trade bitcoins with diamonds. Perhaps, for now, a basic calculator is enough to integrate the price of the bitcoin and the diamond. But of course, it will still depend on the diamond someone holds. The market values of the bitcoin are very transparent, but the diamond is definitely not.

[el kaka22]

There is absolutely no connection at all because they are totally two different things and they can't be compared at all. I personally think that diamond is not as low value as people think it is, we give it a value when we are getting married or when we buy a gift and so forth and that makes it valuable, just because it is made from coal or just because it has no real value in production and only has value when selling doesn't mean it has zero value, it still does because when sold it makes some money in diamond stores.

Long story short diamond is a good commodity but it is mostly just special day item and that's it. Bitcoin is a commodity that people can literally use for buying or selling stuff.

[criza]

There is a big difference between the two, one is volatile and the other is not. Diamond has its rarity and unique characteristics that is why it is deemed to be precious and an important possession that has a big value. Unlike Bitcoin, Diamond can withstand the changes in the market for a very long time because, it does not solely based in its supply and demand, the only factor that would indicate its price is from its own design. It is less influenced by its supply because, the demand for Diamond is always high like Gold and other precious materials.

But, I believe that someday, Bitcoin will also rose up like Diamond in the future, never to be compared and rare.

[plast555]

I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?

If I think as per your mentality - Bugatti and Lamborghini should not be sold that costly because of their limited utility! Same goes for Gold as well! Not everything is priced based on their utility. There's something called "rarity" as well! Original diamonds are very rare and that's what makes them precious.

Secondly, diamond has a astrological value as well. Around the world, diamonds are being used for astrological purpose. If you are not very familiar with this, you can do some google search to know.

We can definitely create a demand supply curve for both bitcoin and diamond and what's the reason for doing it? Can you come to any conclusion as to why you need it?

Very true especially in south asian countries the diamond is treated as one of the 9 gem stones which creates a huge demand and utility and people thinks wearing diamond ornaments as social status or to show off to other people who not very wealthy. There are also some industrial usage for diamonds but less compared to gold.

There is three things involves with the previous metals utility, rarity and store of value. But BTC so far widely believed as store of value amongst the crypto community and the other two are less penetrared

[ancafe]

basically diamond is only used as jewelry. if not mistaken, diamonds are made with a collection of carbon bonds. however, people see that a beautiful diamond shape makes it quite expensive. however, I think that is out of line with bitcoin. however, a diamond does not have volatile prices like bitcoin. I think gold is the most suitable thing compared to bitcoin.

[FanatMonet]

I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.

You can't find one cause there is totally none. I think it is incomparable to bitcoin, diamonds are not priced just because it is called diamond but because it has a unique properties and rarity, In fact it has a level of rarity in terms of gemstones. Imagine that these stones are formed million and billions of years, enough for us not to compare it with bitcoin.

In fact, diamond prices are very dependent on their quality, and more than 90% of all diamonds are usually used as technical ones due to their various defects, such as inclusions, cracks, etc. Quite another thing, it's rare, big, transparent , and highly desirable colored diamond. They are very expensive. Because there are very, very few of them.

[gentlemand]

The diamond market has got to be one of the greatest and hokiest plays of all time.

How a market cornered by one entity that managed to convince millions of people to part with large amounts of money they will never recover AND with viable artificial versions now available is considered in the context of real finance is beyond me.

It strikes me as a weird little dead end that lives in a world of its own.

[Latviand]

Bitcoin and diamond are different things. Diamond could be an investment but its market value is a bit stagnant. Bitcoin on the other hand is a digital currency, its market value is volatile, meaning, its price is changing from time to time. Both could be an investment and both has their own advantages. Diamond is less risky as an investment compared to Bitcoin. Diamond, same as gold, could be a long term investment. Bitcoin can also be good for long term investment but it is just that the price of Bitcoin is more active, making the risk bigger compared to other investments.

basically diamond is only used as jewelry. if not mistaken, diamonds are made with a collection of carbon bonds. however, people see that a beautiful diamond shape makes it quite expensive. however, I think that is out of line with bitcoin. however, a diamond does not have volatile prices like bitcoin. I think gold is the most suitable thing compared to bitcoin.

Diamond can also be an investment. Its market price is increasing, and though it is more often used in jewelry. Gold is only alike to Bitcoin, in a sense that it is good for long term investment but these two are also different in many aspects. Gold's market price is more consistent than the price of Bitcoin so it is still "off" to compare these two.

I have no idea if you are trying to talk about Bitcoin diamond fork or integrating bitcoins with diamond as a while .
One should understand that diamond , gold , silver and other precious metals do have the same base value and therefore it is the same with gold , diamonds are really cheap in reality but people tend to overpay it because of the marketing .
But at the end of the day it's considered a rare thing and I do think bitcoins is the same .
Therefore It is the same for gold .

It also confused me. I just stated the difference bwtween bitcoin and diamond, but I have no idea with bitcoin diamond fork. The title of this topic is a bit apart from the content if ever he is really referring to bitcoin diamond fork.

[Averim]

I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?

Diamonds are not precious metal, it's a special stone and the value ios given by the rarity of it, the same is with gold, silver or any other precious thing.

[oleg8791]

No, we can't both Bitcoins and diamonds have limited supply, but Bitcoin is utility. So they are bought for different purposes and shouldn't be compared.