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Author Topic: Bitcoin is better than gold and USD?  (Read 1529 times)
minersday
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July 01, 2019, 09:12:41 PM
 #181

Bitcoin, gold and USD have their own unique characteristics that make each of them  different in their own way. In my personal view, Bitcoin is an alternative form of USD or money. Bitcoin can be a good form of money but a bad form of asset to invest in considering the patterns in the rate at which its market value keeps changing. But Gold in the other hand is a good investment asset..
sherenikaw
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July 01, 2019, 09:16:08 PM
 #182

To determine whether BTC is better than USD and gold, we must know in what case. If it is on the case of investment for the long term, I think BTC sometimes holds a very significant chance to be the best to get bigger profits. however for the volatility, BTC is very volatile and the gold or USD is more powerful and stable, mostly the two are increasing.

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Allura74
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July 01, 2019, 11:42:43 PM
 #183

To determine whether BTC is better than USD and gold, we must know in what case. If it is on the case of investment for the long term, I think BTC sometimes holds a very significant chance to be the best to get bigger profits. however for the volatility, BTC is very volatile and the gold or USD is more powerful and stable, mostly the two are increasing.
Exactly the purpose matters, bitcoin is always better than gold and fiat in terms of investment and fast profit, since ita true that gold value never depreciate but it takes time to appreciate the profit out of it and the only good thing for gold is that its value is not going downward as time moves.

killat
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July 02, 2019, 06:07:01 AM
 #184

Lol, the dollar has the backing of federal reserves, all the assets of the government (which infact is elected by people) and global trades carried out in USD.
Also, the relative value of USD and all other currencies is decided by World Bank using the PPP for a basket of goods and also the health of the nation's economy, whereas the BTC is just plain and simple, expectations.

I am not saying it will always be this way but as of the current scenario, the price of BTC/Crypto is mostly derived from speculators / traders.

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Vishnu.Reang
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July 04, 2019, 11:26:31 AM
 #185

Investing in gold is the most reliable and liquid investment. Fossil ore is less and less, and the farther away - the more expensive the precious metal. And what is Bitcoin? Zeros and ones that don't have any material value. Yes, it's a modern digital currency, and may even be with a great future. But Bitcoin will never be as reliable.

Do you really believe that gold is a liquid asset? And you really believe that gold is more liquid than something like Bitcoin? If that is the case, then I have to tell you that you need to learn more about cryptocurrencies. How can we even consider gold as a liquid asset? It is not readily accepted as a currency and selling gold is not super-easy. You need to pay markups if you want to sell your gold quickly.
alroys
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July 04, 2019, 11:36:24 AM
 #186

Bitcoin, Gold, and USD are indeed different from each other, but all three are sought by people because all three can benefit us.  If according to its function, Bitcoin and USD might be the same and Gold is the most Different.  But even though all three of them are looking for people because they can provide benefits, Bitcoin is the best in terms of the highest potential.  The price of Bitcoin can soar very quickly, and it has never been owned by Gold and USD.  In this case people say, Bitcoin is better than Gold and USD.
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August 11, 2019, 08:48:53 PM
 #187

I think each has its advantages and disadvantages, it is for different types of people. If you are a safe trender, you are afraid to risk, you should choose gold and USD. Because it seems its price is quite stable and safe. But it will not help you earn a lot of money after a period of investment. On the contrary, those who like adventure and bravery should choose BTC. It will help you become rich or not lose in a short time. For me, I always choose BTC because I like adventure

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August 11, 2019, 11:10:39 PM
 #188

Bitcoin is only better than gold if the power grid remains up. If you want the grid to stay, join with a few friends, and get a Kubota 10kw generator for your neighborhood. Save money by getting off the power company, which will be controlled to crash, just to bring the grid and Bitcoin down.

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August 11, 2019, 11:15:31 PM
 #189

On what terms?

When it comes to payment, bitcoin was really the essential thing to be used for the transaction. Gold is used for a lifetime material in case of emergencies and other stuff. But for me, they're quite different though, they can be used in transactions but in different ways so it's not good to differentiate those two. They have a unique purpose on this and only a few people understand those.
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