.

[dfox101]

Bitcoin beat gold this year, does no mean it is better than gold. Gold has beat bitcoin in other years. Gold and bitcoin belong to the same internal value category and will shine during turmoils.

Agree, but with more and more people discover bitcoin, bitcoin tends to increase in its value faster than gold, at least these years. Both are excellent hedge against inflation and preservation of the value.

[energycr]

It is looking better than gold as it stands for now. But we won't know for sure until it reaches more per ounce that gold costs now would we?
Wait until it reaches $1200 again then we can talk about if it really is better than gold because when it reaches the $1400 then it very much well be at that point in time.

I see no reason why we should be focusing on the relation between price of bitcoin and 1 ounce of gold. In many countries, gold is measured in different units and the price/ounce doesn't really make sense.
What really matters is the "trust" that people have in the asset. It will be difficult for Bitcoin to attain the same kind of trust, as gold has been around for thousands of years.

Then why are articles like this one comparing the two if there is no correlation between the two. Huh?!

http://www.livebitcoinnews.com/can-bitcoins-price-surpass-value-one-gold-ounce/

I have trust in a physical thing of value. So I would store my bitcoin on some sort of hardware wallet just for that extra ease of mind that I actually have something in my hands to amount for what I do indeed have on hand of bitcoin.
That is just me and can be different for anyone else. We are individualistic beings afterall!

[lumeire]

Bitcoin beat gold this year, does no mean it is better than gold. Gold has beat bitcoin in other years. Gold and bitcoin belong to the same internal value category and will shine during turmoils.

BTCBTCBTC is BTCBTCBTC and gold is gold. They're way to different from each other and each has its own pros and cons. Instead of focusing which is better, why not get your portfolio to have both. Spreads the risk IMO.

[dunfida]

Bitcoin beat gold this year, does no mean it is better than gold. Gold has beat bitcoin in other years. Gold and bitcoin belong to the same internal value category and will shine during turmoils.

BTCBTCBTC is BTCBTCBTC and gold is gold. They're way to different from each other and each has its own pros and cons. Instead of focusing which is better, why not get your portfolio to have both. Spreads the risk IMO.

Very true and we cant really compare a currency and a precious metal they are really different from each other.If i do really have the money to invest i would definitely choose these two things because i could really see the potential profits specially for long term.

[RealBitcoin]

Of course it's better, just look at the shit that is happening in India.

Gold will always be stolen from people, you just cant avoid that.

Bitcoin atleast has some kind of protection against property rights violations, that are in many cases unconstitutional, but it's not like most people give a damn about constitutionality.

The Human Rights declarations are just a sham, private property is only private if it's private (like a private key)