Achievement 4 by @kingcent: bitcoin got better compared to gold.

Hello steemians, it's been interesting again for me to write this particular achievement, so far here I will be writing about @Gold comparism to @bitcoin.

Gold comparism to bitcoin

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Bitcoin has approximately been found considerable in long term as its better competes with gold perhaps an alternative currency. I see @millenials set to compete and perhaps become a more important market participant over the next few decades, their favourability toward bitcoin over gold should set up the cryptocurrency for success.

We should also remember that bitcoin represents only a paltry sum of the gold market, and the cryptocurrency would have single 10x from the current level to match same value of physical gold trading market.
In general even a modest crowding out of gold as an alternative currency over the longer term will most-likely imply doubling or tripling of bitcoin price.

Bitcoin has surged more than 70% till date, and this week announcement is that PayPal will allow it's users to buy and exchange the asset in conjunction to another level enforcement for the cryptocurrency
Remember bitcoin is still a relatively small asset class, and it's basically favoured by @millennial in the large market as the older generation that predominantly favour's physical gold.

Gold and it's basics

Gold has been existing in a form of a cryptocurrency for more than 2,000 years, gold can be accessed when miners retrieve the precious metals, from the ground beneath the earth crust.

Once gold is mined it can be used in gold like jewelry. In addition investors can purchase the precious metal in many forms. they can gain exposure to its price movement through a wide range financial materials such as the @exchange-traded funds and gold futures.

Gold has frequently generated significant audience as a safer high assets. The precious spine metal rose an all time high of more than £1,400 in late 2011, acclimatizing the level as debt issue brewed in both the united state and Europe at large.

Bitcoin basics

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As I earlier said earlier bitcoin is digital, on like gold it is also created by mining process, it's procedure is extremely electronic. Basically bitcoin miners verify transaction into blocks, which in turn makes up the digital block chain.

Every point in time succeed in completing a block, news additional bitcoin are released, under the bitcoin protocol, these new bitcoin are created roughly every 10 minutes, people can use units to invest

The key difference

One of the most important difference between gold and bitcoin is the @gold is more like a precious metal
While bitcoin is extremely digital .

before both current and maximum supply of bitcoin are known entities, more specifically the bitcoin protocol caps the total number of these digital currencies at 21 million, and interested candidates can perhaps find out how many of these bitcoin has been mined by looking online.

more than 16.7 million bitcoin has been mined for many years

when it comes to gold no one knows how many precious model is left on the planet

Gold is for greater tenure than @bitcoin as it was first used more than 2,000 years ago.

bitcoin has been in existence since the first block was mined in January 2009, 11 years till date that time I was pretty little then.

Key similarities

Gold and bitcoin has both been regarded as a safe assets.

Gold has long been identified, while bitcoin has more recently become something that investors flock to in times of distress.

bitcoin and gold are both speculative investment, that means they can be tought, learnt about etc.

Summary

Gold and bitcoin are both concrete investment that have drawn major attention as safe-heaven assets.

They have some vital important difference such as gold been a physical commodity and bitcoin been purely electronic.

The two also have similarities, they are both speculative investment and their prices are not based on more basic intrusic like revenue earning or invest payments.

Before buying or speculating on either gold or bitcoin, investors can benefit significantly consulting through the challenges , so they will avoid unwanted losses..

This is practically my achievement four(4) thanks for reading through good people @God bless you all

To the attention of @cryptokannon and @njaywan this is my achievement 4