BTC is scarcer than gold.

[cryptosize]

Bitcoin will lead us to Dyson sphere (Type 2 civilization).

Few people understand this, even in the BTC community...

We need to stop thinking that old school energy production is the only thing we can achieve as a species.

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[sklopan]

It should be understood that the price of bitcoin changes much more often than the price of gold. So it’s worth understanding that investing in bitcoin differs much more noticeably.

[AliKhan5544]

Yup agree with your point both mind and heart.

[AliKhan5544]

you are saying right.BTc mining remaining less than 10 percent.After that all bitcin circulate in the market.But as comared gold prices are  going to high day by day.A wise person choose gold because there is no chances of losing asset and risks involved with it.

[amihada]

It should be understood that the price of bitcoin changes much more often than the price of gold. So it’s worth understanding that investing in bitcoin differs much more noticeably.

I agree with your opinion that the price of bitcoin often fluctuates because the price of the currency bitcoin falls deeper while gold is more stable so it is very inappropriate to compare bitcoin to gold.

[OcTradism]

Scarcity does not decide price and value. Utility does.

You can create an altcoin with less total supply than Bitcoin or gold but it does not mean your altcoin will automatically has a much higher price than either gold or Bitcoin. Value does not decide by total supply.

But Bitcoin has a transparent total supply and it is unchanged. Gold total supply is unknown and can be changed.

[larry_vw_1955]

244,000 metric tons of gold has been discovered to date, 55,000 tons of gold are left.

But there is still a lot of gold left in the universe. There is gold on asteroids for example. One day these will be minable. So the gold supply is not as limited as some may think.

However, gold is hard to move around, weighs a lot, it's hard to sell or buy, it's not practicable.

With BTC it's another story. We all know there are only 21,000,000 coins and 3-4 millions are already lost forever.

There is no Bitcoin in the whole Universe, except on Planet Earth.

BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC

when bitcoin is long gone there will still be gold. gold can't be destroyed. bitcoin can. bitcoin can be lost forever. gold can't be. just because something is scarce doesn't imply it is valuable. not a good argument.

[BlackHatCoiner]

And every copy of Bitcoin, with a different starting seed, is also scarcer than gold. That doesn't mean it has value.

Nobody said that forks of bitcoin have value because of scarcity.

The value of something is not determined by rarity, that is irrelevant

This is clearly relevant I rather say. Supply and demand determine the market value. Limiting supply to a finite number with a programmed inflation, regardless of the demand, influences the market value.

when bitcoin is long gone there will still be gold.

Um, proof?

[larry_vw_1955]

when bitcoin is long gone there will still be gold.

Um, proof?

when the sun becomes a red giant, bitcoin here on earth will go away. that doesn't mean bitcoin won't go away sooner though.

[franky1]

lets clarify things

bitcoins price is not dependant on the scarcity of bitcoin or the rarity or the network supply(coin in circulation)

bitcoins market price has nothing to do with coins hoarded on independent private keys.. but purely on the coins inside a market/exchange

there is more impact on the price based on the amount of coin offered WITHIN THE MARKET.. not the network.
EG
if a buyer only has $400 in 2013 but a seller is offering 1btc. then bitcoin is worth $400/btc in 2013. where the circulating supply of the network is only 12mill coins..

if a buyer only has $400 in 2022 but a seller is offering 0.02btc. then bitcoin is worth $20k/btc in 2022. where the circulating supply of the network is 19mill coins..

as you can see there is more coins in circulation in 2022 than in 2013 (19m vs 12m respectively) yet the price is not reflecting the amount of coins in the network

..
the other thing is scarcity is about how common/available/able to get from nearby peoples/services something is
nearly everyone has a bit of gold in their possession.. dental fillings, device circuitry, jewellery. yet less than 10% of the world has btc

there might be
244,000 tonnes of gold = 244m kg = 244billion grams of gold to share
there might be 21m btc = 2.1quadrillion sats to share.

2,100,000,000,000,000 sat units
vs
244,000,000,000 gold units
yet gold is more available in everyones home, its more common and reachable, thus less rare/scarce

bitcoin is not in everyones possession thus is less common thus more scarce, even though there are more available shareable units

[cryptosize]

when bitcoin is long gone there will still be gold.

Um, proof?

when the sun becomes a red giant, bitcoin here on earth will go away. that doesn't mean bitcoin won't go away sooner though.

The human species will migrate to another solar system, along with BTC.

[larry_vw_1955]

when bitcoin is long gone there will still be gold.

Um, proof?

when the sun becomes a red giant, bitcoin here on earth will go away. that doesn't mean bitcoin won't go away sooner though.

The human species will migrate to another solar system, along with BTC.

proof?

[Biscutard]

lets clarify things

bitcoins price is not dependant on the scarcity of bitcoin or the rarity or the network supply(coin in circulation)

bitcoins market price has nothing to do with coins hoarded on independent private keys.. but purely on the coins inside a market/exchange

there is more impact on the price based on the amount of coin offered WITHIN THE MARKET.. not the network.
EG
if a buyer only has $400 in 2013 but a seller is offering 1btc. then bitcoin is worth $400/btc in 2013. where the circulating supply of the network is only 12mill coins..

if a buyer only has $400 in 2022 but a seller is offering 0.02btc. then bitcoin is worth $20k/btc in 2022. where the circulating supply of the network is 19mill coins..

as you can see there is more coins in circulation in 2022 than in 2013 (19m vs 12m respectively) yet the price is not reflecting the amount of coins in the network

..
the other thing is scarcity is about how common/available/able to get from nearby peoples/services something is
nearly everyone has a bit of gold in their possession.. dental fillings, device circuitry, jewellery. yet less than 10% of the world has btc

there might be
244,000 tonnes of gold = 244m kg = 244billion grams of gold to share
there might be 21m btc = 2.1quadrillion sats to share.

2,100,000,000,000,000 sat units
vs
244,000,000,000 gold units
yet gold is more available in everyones home, its more common and reachable, thus less rare/scarce

bitcoin is not in everyones possession thus is less common thus more scarce, even though there are more available shareable units

I cannot comprehend some calculations of very detailed prices nor value but there’s one thing I am sure of and it is always scary if you have a lot to lose someday. Taking big step is always a courageous act that’s why we should invest of what are feeling that gives us comfort and security. If you want a physical investment that can be used anytime, I’d go for gold because it is very convenient because of its always appraising price. But if we are going to talk about bitcoin, it is an investment where you will need some extra cautions and positive thinking because investing in crypto world takes a lot of time before you’ll cherish every moment.

[mayfair_coin]

Yes, It is true that bitcoin is more volatile than gold, but both are different in their places. Gold is a physical asset and bitcoin is a digital currency. People are thinking more to invest in bitcoin rather than Gold and return of gold is less than compared to Bitcoin

[hZti]

What is true is that bitcoin is really more easy to move around than gold. So if the next century will really be the century where humans will discover space we will also see that people will not send gold to a colony on the moon, but they will easily send bitcoin.

[rby]

What is true is that bitcoin is really more easy to move around than gold. So if the next century will really be the century where humans will discover space we will also see that people will not send gold to a colony on the moon, but they will easily send bitcoin.

Bitcoin is intangible and therefore it is mobile than gold. Talking about for centuries where humans may discover and live in space. Bitcoin can be sent their if there is network. That reminds me, I saw somewhere in the internet that Elon wants to build a hotel in Mars to be launched by 2025. If that happens, both Bitcoin and gold would be found in Mars.

[8rch7]

Gold investment is indeed very popular and has been used by investors for a long time, but over time, many investors have started to be interested in using bitcoin, even in my own country, many investors have switched to using bitcoin as an asset, it can't be denied. these two types of investments are very tempting and can maintain the value of our assets in the future, gold is a precious metal that we can save ourselves, gold can also be used as jewelry, while bitcoin itself is in the form of balances, which are stored in a block chain or blockchain,
So it is certain that bitcoin is rarer than gold.

[ygsmaguduru]

Gold has been a reliable source of investment for people around the world for many years. Gold was also used before Bitcoin appeared. With the recognition of bitcoin throughout the world, a new era has begun. Investors chose bitcoin as their source and it was a logical move in terms of profit rate. It would not be correct to compare gold and bitcoin with each other. There are huge differences between them. At the moment, gold is more in the foreground in terms of reliability. However, if you want to earn higher profits, bitcoin will be the right choice.

[Ucy]

244,000 metric tons of gold has been discovered to date, 55,000 tons of gold are left.

But there is still a lot of gold left in the universe. There is gold on asteroids for example. One day these will be minable. So the gold supply is not as limited as some may think.

However, gold is hard to move around, weighs a lot, it's hard to sell or buy, it's not practicable.

With BTC it's another story. We all know there are only 21,000,000 coins and 3-4 millions are already lost forever.

There is no Bitcoin in the whole Universe, except on Planet Earth.

BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC

Ofcourse, it's scarcer. However, Gold is scarce doesn't mean the undiscovered ones are getting exhausted or are that low in quantity. This World is unbelievably hugh and  humans have only discovered a very little part of it. I would invest more in searching for gold in the world than elsewhere.

[Anang011]

244,000 metric tons of gold has been discovered to date, 55,000 tons of gold are left.

But there is still a lot of gold left in the universe. There is gold on asteroids for example. One day these will be minable. So the gold supply is not as limited as some may think.

However, gold is hard to move around, weighs a lot, it's hard to sell or buy, it's not practicable.

With BTC it's another story. We all know there are only 21,000,000 coins and 3-4 millions are already lost forever.

There is no Bitcoin in the whole Universe, except on Planet Earth.

BTC is scarcer than gold. I think one day 1 BTC will enter the $xxx,xxx zone then the $x,xxx,xxx HODL BTC