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Author Topic: Is gold better than Bitcoin?  (Read 41856 times)
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November 04, 2016, 05:32:48 PM
 #1061

Both are equal to me. I buy golds with bitcoin earnings. Though these prices fluctuate, though these two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users who have not yet set security in their systems.
Both have similarities in the features that they offer, but they are not the same.

One of the important differences is that you can use Gold as currency tool in offline transactions, where you with Bitcoin need to be connected to the internet.

Gold is also a favorite option because it is a great hedge against their local fiat currencies in the time the economy is going from bad to worse.

Bitcoin is secure in the way that you can either store it on a piece of paper, or your wallet files in a USB drive, compared to Gold being in a large physical form when hodling large amounts. Is that what you mean?

 
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November 04, 2016, 05:42:45 PM
 #1062

Both are equal to me. I buy golds with bitcoin earnings. Though these prices fluctuate, though these two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users who have not yet set security in their systems.
You are doing wrong to buy gold with bitcoin earnings you have to keep your bitcoin as your asset for trade and for future as the price of bitcoin increases much faster and in the future you will earn much high profit.
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November 04, 2016, 07:09:22 PM
 #1063

gold is gold and gold will always have big value!

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November 05, 2016, 06:20:56 AM
 #1064

gold is gold and gold will always have big value!

That's a fact in gold and we can't argue about it. And if we are going to check the market cap for gold compare with bitcoin, they are really far away from each other. And gold has been proven to be a good investment from the earlier times until today. But for me, we are in new trend and technology where crypto currency rocks.
Yeah, therefore it's hard to have gold but we cannot afford it... So if you want to invest, you should invest on something you can afford and with bitcoin we can invest even with a little amount of money and we have a high chance to grow our investment in the future.

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November 05, 2016, 06:41:59 AM
 #1065

if compared bitcoin and gold, gold is better because gold is accept in all county
bitcoin still not yet. if compared for an investment bitcoin is better than gold.

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November 05, 2016, 08:57:17 AM
 #1066

I believe gold will never go out of fashion and is a finite commodity. I think with bitcoin the only thing that could go wrong is if our civilization expires and we have world war 3, but gold will linger on as money, whatever the civilization. I still like bitcoin though while we have it ll.
when the third world war happens it will be a lot of thefts and other crimes because of chaos. you are sure to use gold to store all of your money, I think it will be hard to save right ?

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November 05, 2016, 09:32:18 AM
 #1067

Gold becomes cheaper, more expensive Bitcoin vice versa. I think this is the main argument to make the right choice. I invest in Bitcoin.
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November 05, 2016, 09:57:31 AM
 #1068

Gold becomes cheaper, more expensive Bitcoin vice versa.

Not necessarily. It all depends on what time frame you are looking at. If you look at the years from 2012 till late 2015, then Gold has gone down in price significantly, that's right. But if you look at the current year, then Gold is doing a very decent job. It's up around 20% this year, and the year isn't even over.

Gold becomes cheaper, more expensive Bitcoin vice versa.

The same applies for Bitcoin as well. It depends on what time frame you are looking at. If you look at the time between very early 2015 till now, then the price has gone up considerably. But that doesn't mean it will continue doing so in the next years as well. Perhaps the next years will show a slow decrease in price. We don't know.

I think this is the main argument to make the right choice. I invest in Bitcoin.

If that's according to you the reason to invest in Bitcoin, then go for it. Always do your own research instead of taking advice from others for granted.

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November 05, 2016, 10:11:04 AM
 #1069

Gold becomes cheaper, more expensive Bitcoin vice versa. I think this is the main argument to make the right choice. I invest in Bitcoin.
how you can calculate which one is more expensive if the units was not the same,if gold was in gram unit then how about bitcoin? satoshi? you can decide which one is more expensive if the units was not the same and you can only compare both by its current price statistic so you can know which one is profitable

 
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November 05, 2016, 10:11:27 AM
 #1070

Gold becomes cheaper, more expensive Bitcoin vice versa. I think this is the main argument to make the right choice. I invest in Bitcoin.
how you can calculate which one is more expensive if the units was not the same,if gold was in gram unit then how about bitcoin? satoshi? you can decide which one is more expensive if the units was not the same and you can only compare both by its current price statistic so you can know which one is profitable
you are right about the fact that it is not possible to directly compare gold and bitcoin, as they do not have the same unit. but what he surly meant is, that you can buy a certain amount of gold with $100 and you can buy a certain amount of bitcoin with $100. after one year you can do the same and compare if you got more/less gold/bitcoin then a year ago. if you get for the $100 more gold and less bitcoin at the same time, then gold is getting cheaper and bitcoin more expensive.

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November 05, 2016, 10:42:07 AM
 #1071

Gold becomes cheaper, more expensive Bitcoin vice versa. I think this is the main argument to make the right choice. I invest in Bitcoin.
Not at all. Gold isn't the reverse of bitcoin. Their prices aren't 100% relevant since there are still other things that make the price of two move. They don't depend on each other. Just like the guy before me said, you can't compare the price of gold and bitcoin since 1 unit of gold (gram) is not equals to 1 unit of bitcoin (satoshi).
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November 05, 2016, 12:44:37 PM
 #1072

Duplicate thread. Continue here: https://bitcointalk.org/index.php?topic=508270

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