Bitcoin and Diamond

[LeGaulois]

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.

Since they invented synthetic diamonds we can't longer say it has a limited supply. And it has properties superior to the naturally formed diamonds. People can't make the difference between natural and synthetic and unless you see the label 'Treasure Chest Grown' you won't know what you're buying... because yes, you can find some into jewelry stores but of course they don't tell you clearly.

Only rare diamonds are considered a store of value and people are no interested to invest in synthetic diamonds. It's a little like people buying USD but if they know there are a lot of USD banknotes circulating they won't be interested to buy anymore.

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[Twentyonepaylots]

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.

Since they invented synthetic diamonds we can't longer say it has a limited supply. And it has properties superior to the naturally formed diamonds. People can't make the difference between natural and synthetic and unless you see the label 'Treasure Chest Grown' you won't know what you're buying... because yes, you can find some into jewelry stores but of course they don't tell you clearly.

I don't think that by having synthetic diamonds is having unlimited supply, it is a no for me, although the looks are pretty similar ( No difference at all) since the process of creating is the same with much lesser amount of time on the synthetic. For me synthetic diamonds are not real stones, they are just made for glamour thing with cheaper price unlike the real diamond.

Only rare diamonds are considered a store of value and people are no interested to invest in synthetic diamonds. It's a little like people buying USD but if they know there are a lot of USD banknotes circulating they won't be interested to buy anymore.

Hell yeah, Imagine the cost of real diamond, about $4000 a carat compare with the cost of synthetic diamond that costs $800 a carat, the price already spoke the truth about it.

[gentlemand]

Only rare diamonds are considered a store of value and people are no interested to invest in synthetic diamonds. It's a little like people buying USD but if they know there are a lot of USD banknotes circulating they won't be interested to buy anymore.

The truly valuable diamonds are far beyond the means of normal buyers.

What you're left with is what De Beers has hoarded out the back and is selling on the high street. And that is not a store of value. The chances are good that you will not recover the money you put into it. They'll always be worth something to someone. That is not what most people would be looking for if they have an investment mind set.

[Baoo]

In my opinion, we need to stay away from this kind of comparison, there is certainly a huge difference between Bitcoin , Diamond, Gold, Silver and even FIAT and of course all of them are valuable for us.
In fact, remember that Diamonds are really expensive and not available to everyone,  so it is not that easy to make  a demand supply curve  also the market of diamonds is really different comparing to crypto.

[Yatsan]

In my opinion, we need to stay away from this kind of comparison, there is certainly a huge difference between Bitcoin , Diamond, Gold, Silver and even FIAT and of course all of them are valuable for us.
In fact, remember that Diamonds are really expensive and not available to everyone,  so it is not that easy to make  a demand supply curve  also the market of diamonds is really different comparing to crypto.

Well the very reason why these things are being compared is because of the value and volatility it contains not necessarily the exact thing or how they appear on everybody. I want to exclude the fiat from the things you have given since we can just print it out in a thin air. Precious metal and stones such as diamonds, gold and silver is tangible and the costs of it depends on their physical properties that is why diamond is more expensive than gold and gold is more expensive than silver. However, bitcoin is included because it also stores a value like the said metal and stones. What only differs the bitcoin to the other is the volatility it contain which is higher than the diamonds, gold and silver.

In fact, remember that Diamonds are really expensive and not available to everyone

Diamonds are expensive but the amount is always is always the monetary equivalent that is why it has a least amount called carat, where in bitcoin it is called satoshi.

[slashz9]

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).

so if it's not like a commodity, why is the price still expensive, is it the same as the OP's emotion, which makes it expensive.
people will look fancy and be seen if they use diamonds.
maybe for people who have millions of $ it's not a difficult thing to buy, but ordinary citizens are totally useless, even for investment. better buy commodities like gold, silver, or anything else that will provide added value in the future.

[imstillthebest]

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).

diamond is really a good investment   but why you said diamond has no real purpose ? it does have bro . diamond is used on cutting glasses or other solid things as far as i know and its also been used as accesory or to create a jewelry  and so many more . you can also keep it and make it like an investment same as other assets . its not an artwork lol , when i hear the word artwork the first thing come to my mind is a painting . but your last sentence is true , diamond is indeed rarer than btc but btc still have many supply and can easily be obtainable

[kooboat]

Any economic curve on those two against demand would make the curve go parallel in every  aspect. The two are just incomparable, bitcoin and diamonds are completely different assets. I don't know how  people would be caught in dilemma as to whether to invest in diamond or bitcoin.

[Meowth05]

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.

There should be no comparison for these because diamonds make up for their value based on their rarity, one good example would be the Pink Diamond. Unlike bitcoin they are valued based on demand for market and that says a lot for the difference because in my opinion, diamonds are just luxury items while bitcoin is more like a investment oriented commodity.

[iv4n]

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.

I think that you didn't search for one! If you did you would find https://cedex.com/, they are just one of the crypto projects that is trying to combine diamond and crypto industry together. Some of them even had bounty here on the forum if I remember. You can search more about them with simple search on google.
Companies are working on this for years, combining precious metals and crypto in various ways. Some bound coin value with gold, some have trading options for some of them. You need to search for them because many of them are not popular yet and many people don't know about them.

[awik p]

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.

There should be no comparison for these because diamonds make up for their value based on their rarity, one good example would be the Pink Diamond. Unlike bitcoin they are valued based on demand for market and that says a lot for the difference because in my opinion, diamonds are just luxury items while bitcoin is more like a investment oriented commodity.

right, diamonds seem to have no market value, where people buy at prices that are sometimes beyond reason. different from bitcoin where the price is due to requests and offers from many traders so that it can go up or down, according to the behavior on the market