BTC is scarcer than gold.

[el kaka22]

It does make sense to spend your money on finding and extracting the gold we have in the earth right now, that makes sense of course. However, when the space flight technology becomes something that is as cheap as driving a car today and becomes the new normal, we are going to end up finding a lot of it.

Not just gold neither, we are going to start looking for all the things we needed, and oil or any kind of energy would be number one in that case. Lets realize that energy sector is a huge one for a reason, we need that to go on, everything else comes in second, maybe food and clean water as well of course. So, we are going to find resources on other places and extract and bring that back "eventually", hence why bitcoin would ALWAYS be more valuable.

[larry_vw_1955]

It does make sense to spend your money on finding and extracting the gold we have in the earth right now, that makes sense of course. However, when the space flight technology becomes something that is as cheap as driving a car today and becomes the new normal, we are going to end up finding a lot of it.

bitcoin is only important to the extent that computers and internet exists. take those things away and bitcoin loses its value proposition. gold on the other hand doesn't need anything to exist. and people can find uses for it no matter what the state of technological level in the society.

even if we found alot of gold i'm not sure the price would be affected that much. but to think that you're going to be mining asteroids well that's kind of laughable. it probably would cost more to mine the gold on the asteroid and transport it back to earth than the gold itself is worth.

[Uang_kartal]

It does make sense to spend your money on finding and extracting the gold we have in the earth right now, that makes sense of course. However, when the space flight technology becomes something that is as cheap as driving a car today and becomes the new normal, we are going to end up finding a lot of it.

Not just gold neither, we are going to start looking for all the things we needed, and oil or any kind of energy would be number one in that case. Lets realize that energy sector is a huge one for a reason, we need that to go on, everything else comes in second, maybe food and clean water as well of course. So, we are going to find resources on other places and extract and bring that back "eventually", hence why bitcoin would ALWAYS be more valuable.

how abundant natural resources are available and enjoyed. source of energy and strength of course bitcoin is something that is more flexible. indeed only need to use a lightweight device and the value is evidence of a choice of many bitcoin enthusiasts and users who are dense enough to create the current price.

indeed millions of btc already have its master anonymously. and this rarity is what makes it special and the flying price makes everyone glance and thrive.
the reason for a thousand fold pump.
I also choose bitcoin bro over other assets.

[mich]

I have always considered Bitcoin more scarce than gold. First, it’s in limited supply and the demand for BTC has increased significantly over time. Also, it takes some technical ability to acquire crypto.

For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.

[8rch7]

I have always considered Bitcoin more scarce than gold. First, it’s in limited supply and the demand for BTC has increased significantly over time. Also, it takes some technical ability to acquire crypto.

For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.

These two types of investments are indeed very tempting because these two investments can protect our assets in the future, actually bitcoin and gold have the same function but different goals, I also strongly agree that bitcoin is rarer than gold, because the existence of bitcoin is very limited, in contrast to gold, because gold is easy to find and gold has also been made into jewelry by many women.

[kensaii]

Again with the comparison of BTC and Gold. It's like comparing apple to orange. Both have their own use and I don't see why they can't be on the same page. Gold for physical storage, peg fiat, in jewelry, in electrical components,... Did you know your computer can be extracted for a little of gold worth? Can BTC replace that? What next? Oil?

[Jatiluhung]

it is true that gold is not rare. and the limits are uncertain. because even if the gold on earth runs out. then most likely gold on other planets is much more. different from bitcoin which is limited and only exists on this earth.

but still gold also has its own advantages considering the amount of gold used in the progress of this era. gold is widely used in real life not only as jewelry but also as an important component in making machines. in the construction of buildings and even in the manufacture of spacecraft.

gold and bitcoin have their respective advantages. but I am currently more interested in bitcoin as a means of my investment.

[cloudfir3e]

To be honest jewelries are the only real usage I see for gold myself. I suppose we can't wear a BTC as a necklace.

it is true gold is real jewelry that can be used and seen physically and can be used as an investment asset.
but when compared with bitcoin with gold in terms of scarcity it is very different.
gold can be produced by the initial mining process taken from nature and is not limited in the amount of raw gold, supplies in nature cannot be calculated or predicted.
while bitcoin is much more rare because the number is limited and there are only 21 million pieces scattered around the world, it has also been predicted that there are only 2 million bitcoins left and if bitcoin mining continues until the supply runs out, bitcoin is right. rare.

[Republikcoin.com]

Again with the comparison of BTC and Gold. It's like comparing apple to orange. Both have their own use and I don't see why they can't be on the same page. Gold for physical storage, peg fiat, in jewelry, in electrical components,... Did you know your computer can be extracted for a little of gold worth? Can BTC replace that? What next? Oil?

Although both are equally good to have (Bitcoin and Gold). But basically I very rarely make comparisons for the two even though I like both for future investment reasons. It's just that for the problem of profits in investments that I've ever run, then it can't be denied that Bitcoin can provide more profits even though the risk is also not small.
But in the case of Gold, it is more of a physical asset storage whose profits are not much and can also decrease in value even though in a very small size, because the price of Gold also does not last like the value of fiat currency.

[n0ne]

Bitcoin

• Bitcoin have limited supply.
• Growth in short term.
• Technology backed.
• Multiple usage.
• Highly volatile.

Gold

• Rare availability.
• Growth through years.
• Asset backed.
• Multiple (limited) usage.
• Less volatile.

These are very few difference between bitcoin and gold.
Each one unique by its way and functionality.

[savetheFORUM]

I have always considered Bitcoin more scarce than gold. First, it’s in limited supply and the demand for BTC has increased significantly over time. Also, it takes some technical ability to acquire crypto.

For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.

Because, it technically is. I mean there isn't a gold weight standard or amount standard, people talk about the current situation like "ounce" is good enough but it's really not because we could talk about it in kilos, in different shapes, even when we are talking about technological parts there are some which uses gold in it.

So long story short, gold is not really talked about in just one single shape. Whereas 1 bitcoin is 1 bitcoin. That means we could have more bitcoin or less bitcoin than gold depending on how you see gold calculated as. Plus gold could still be found somewhere, in my nation there was a small amount found recently, worth nearly one billion dollars but that's small compared to how much we already have. Whereas bitcoin could never exceed 21 million.

[danadc]

Yes, gold continues to come out, many discover gold in many mines, bitcoin is limited to only 21 million and all the bitcoins that have been lost help make the price much more valuable, the more limited it is, the more value it will have, this is a economic law and it is the reason why bitcoin will remain alive and will reign over controlled fiat money, and despite the fact that many improvements are made to fiat money, it will not be able to touch the heels of bicoin, and gold only gives security and security to investments.

[2stout]

Yes, it absolutely is; however gold has more of a history of a store of value. But Bitcoin is also a better medium of exchange, not to mention its store of value potential isn't anywhere close to being fully realized yet.

[Flamous]

Number of Bitcoins is limited which makes it a scarce asset which is a known fact. Whereas many geographers also suggest gold is a scarce metal which may not be the fact as many areas of the subject are not studied yet.

[Detritus]

I created this kind of topic (https://bitcointalk.org/index.php?topic=5408390.msg60671668#msg60671668) on August 1st and from the response I got, I learnt that it's too early to begin to compare gold with Bitcoin.  According to history, gold has been in existence for over 5000 years and persevere through ages with different purpose which it serve. Bitcoin on the other hand has only been in existence for about 13 years now.
      . According to records, about 78% of the gold consumed each year is used in the manufacturing of jewelry.  
      . small amount of gold is used in almost every sophisticated electronic device. This includes cell phones, calculators, personal digital assistants, global positioning system (GPS) units, and other small electronic devices.
      . Gold is known to have been used in dentistry as early as 700 B.C.
      . Small amounts of gold are used to remedy a condition known as lagophthalmos, which is an inability of a person to close their eyes completely.

Gold has lots of uses and is really too early to compare gold with Bitcoin. Gold can server as my physical asset and Bitcoin can fit in as my digital asset it feels good to me having the both asset.

[goldkingcoiner]

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

I think that saying Bitcoin is scarcer than gold is totally wrong. 

First of all, you can divide Bitcoin into smaller parts and it works just the same. So this divisional fungibility really is what makes it possible for everyone to own some parts of a Bitcoin. Gold on the other hand needs to be a certain minimal quantity to be useful. Secondly and more importantly, Gold can be recycled but in a lot of use cases it's destroyed forever (made unrecoverable or not worth recovering). Bitcoin does not fall victim to entropy after too many uses. It stays fine as it is, no matter how many times it is used.

So you will find it's gold that is slowly fading away and becoming scarce, not Bitcoin.

It seems to me you are confusing scarcity with value because they share the same property of existing in a limited amount.

[Vaskiy]

I created this kind of topic (https://bitcointalk.org/index.php?topic=5408390.msg60671668#msg60671668) on August 1st and from the response I got, I learnt that it's too early to begin to compare gold with Bitcoin.  According to history, gold has been in existence for over 5000 years and persevere through ages with different purpose which it serve. Bitcoin on the other hand has only been in existence for about 13 years now.
      . According to records, about 78% of the gold consumed each year is used in the manufacturing of jewelry.  
      . small amount of gold is used in almost every sophisticated electronic device. This includes cell phones, calculators, personal digital assistants, global positioning system (GPS) units, and other small electronic devices.
      . Gold is known to have been used in dentistry as early as 700 B.C.
      . Small amounts of gold are used to remedy a condition known as lagophthalmos, which is an inability of a person to close their eyes completely.

Gold has lots of uses and is really too early to compare gold with Bitcoin. Gold can server as my physical asset and Bitcoin can fit in as my digital asset it feels good to me having the both asset.

Yeah, it is not too early to compare bitcoin and gold. It is wrong to make a comparison between gold and bitcoin. Both were completely different and have completely different backing system.

Gold have got lot of uses, same as that bitcoin too have got multiple usage. The biggest difference, bitcoin is technology oriented with limited supply. Gold is rare metal that gained the value through its years of history.

[Abiky]

I have always considered Bitcoin more scarce than gold. First, it’s in limited supply and the demand for BTC has increased significantly over time. Also, it takes some technical ability to acquire crypto.

For example, I know people that still don’t know where to buy coins. Much like gold I think BTC will be a great hedge against inflation in the coming years when the volatility levels out.

Bitcoin is not only scarcer than Gold, but also easier to mine than Gold. It's highly portable and truly censorship-resistant. If people only knew Bitcoin's true benefits, prices wouldn't be this low. I think BTC is greatly undervalued, considering all of the benefits it provides to its holders. Most people consider BTC as a better store of value than Gold, because of the way it was designed. You won't see results in the short-term, due to the volatility of the crypto market. Only long-term holders will obtain huge returns in the future as Bitcoin's reaches a new All-time-high in price after every halving event.

Experts are already predicting BTC will reach $1m, so I'd suggest anyone to "hodl" strong whenever possible. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my thoughts

[larry_vw_1955]

Experts are already predicting BTC will reach $1m, so I'd suggest anyone to "hodl" strong whenever possible. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my thoughts

Experts have been predicting that ever since bitcoin went to $1000 for the first time. One way that could happen though is if the us government printed so much money that the us dollar because worthless. Then bitcoin would be worth $1m usd but it probably couldn't buy you a car.

Now with that said, bitcoin could of course go to $1m without hyperinflation but we have had alot of inflation lately. lately meaning the last 2 or 3 years. in the usa. so the usd is becoming more worthless due to government printing more and more of it and it being backed by nothing.

[nullama]

~snip~
Experts have been predicting that ever since bitcoin went to $1000 for the first time. One way that could happen though is if the us government printed so much money that the us dollar because worthless. Then bitcoin would be worth $1m usd but it probably couldn't buy you a car.

Now with that said, bitcoin could of course go to $1m without hyperinflation but we have had alot of inflation lately. lately meaning the last 2 or 3 years. in the usa. so the usd is becoming more worthless due to government printing more and more of it and it being backed by nothing.

This is what Hal Finney predicted in 2009:

As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world.  Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.