Post
Topic
Board Economics
Re: Bitcoin vs. Gold Prices
by
Hell-raiser
on 09/01/2018, 19:48:06 UTC
This is one of the most famous and trending topic about Bitcoin. What is more valuable Bitcoin or Gold? but the answer always from me and many other people in the world in Bitcoin. As bitcoin as a very fast growth rate more than gold it will give you more returns than gold in very less time.

True, but you can argue that is only because Bitcoin is still much cheaper than gold.  (When comparing same proportions of total supply.)

Gold has a big supply. This is the reality, bitcoin is very lmiited, that's why bitcoin could become 15 times more valuable than gold that was considered as the asset of the years.

But this is all relative up to a point of being completely irrelevant. For example, you can take satoshis and you will get something like 21 trillions of them (or whatever, I didn't count). Is 21 trillions more than approximately 200,000 tonnes of gold extracted since the dawn of humanity? Such comparisons are meaningless because you can easily change units of measurement and then claim the contrary. Also, how can you ever say that bitcoin is more valuable or expensive than gold?

You can't even weigh a bitcoin to stake it against a nugget of gold.