Bitcoin has gone beyond gold prices

[crygirl-1]

Yes, The gold price is the past and bitcoin will continue to rise up with prediction: 1,250$ in this month.
Who has pushed the bitcoin price upto 1,110$ or more? it's Chinese, Indian, venezuelan ?

Chinese
Bitcoin breakthrough in January 5th highs was approaching 9000 yuan, in 2016 the increase has been more than 200%, one of any investment products, but also the continuation of this remarkable market at the beginning of the new year. But in the evening of 5, intraday rapid diving, once touched $6000 yuan.
I just want to say that Chinese people can play too much

[nobody911]

Bitcoin is better than gold because of the following reasons
-it is easier to earn
-it has more potential and the price is on the rise a lot
-it has become a currency .

I think most people look at the rise of bitcoin. Bitcoin easier to appreciate than gold, easier to get more profits.Of course, bitcoin is not a currency, not a complete sense of the currency, it will take several years to develop and improve.

[Amph]

this is the second time that it happen, remember the good old thread "gold down bitcoin up"

i believe gold is done it will not increase more than the current value, the market is saturated, bitcoin reaching $1k is only the first step instead

[grandy]

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Bitcoin ofcourse. The price of this coin is increasing and decreasing easily in short of time. I dont know in gold price if the same. But I want bitcoin ofcourse because im earning here and trade it even  if i have only small amount of money.

yes that is a fact, in my area the price of bitcoin is almost double the price of Gold, but there is a lot  of fluctuation in the price of bitcoin where as the price of gold is stale and we can observe a very little change in the price of bitcoin.

[error08]

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Per ounce? It's not anymore as bitcoin price is too volatile and could easily drop back such as two last days from $1145 to $850 per 1BTC bitcoin.
Bitcoin price could easily pump again but panic selling could dump it again, at least gold is stable option to store our wealth.

[RodeoX]

Not to rain on the parade... But a whole bitcoin is an arbitrary amount of bitcoin and an ounce is an arbitrary amount of gold. So that does not mean bitcoin is worth more than gold.

...
You know this feeling when you were pretty sure of yourself who thought you understood everything and then suddenly you got someone who tells you very politely and in a little sentence not taking a full line that what you were thinking is not only wrong, but it's also a complete stupid nonsense?
Well I know this feeling right now.

But that's an interesting experiment. I mean I WAS SURE that the title was true, I believed this idea immediately without questioning it.
While in fact it had no sense cause it was like comparing a temperature to a price.

It is a feeling I am also very familiar with. 
You should see me stumble around tying to figure out my car. You proubly know a million times more about cars than me. Even if you know very little about cars.

I suppose if you wanted to compare gold an BTC you could maybe tell something from the calculation below.
The total available world supply of gold has been estimated at 165,000 tons. The total supply of bitcoin is 21,000,000. So that is about 0.000007857 tons per bitcoin. There are 32,150.75 troy ounces in 1 metric ton so that is  0.25Oz. per BTC...
Wait a min. is bitcoin 4x more valuable than gold? Or am I doing the math wrong?

[bitllionaire]

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Per ounce? It's not anymore as bitcoin price is too volatile and could easily drop back such as two last days from $1145 to $850 per 1BTC bitcoin.
Bitcoin price could easily pump again but panic selling could dump it again, at least gold is stable option to store our wealth.

yes that is a fact that the price of bitcoin has such a big fluctuation as it reached to 1145 and on very next day it dropped to below 800 USD.  where as the price of gold remains so stable that we can observer a slight change in the price of bitcoin.

[South Park]

Not to rain on the parade... But a whole bitcoin is an arbitrary amount of bitcoin and an ounce is an arbitrary amount of gold. So that does not mean bitcoin is worth more than gold.

Yeah it is like comparing apples and oranges, besides the market for gold still moves a lot more money than bitcoin does, which I think is a more important point of comparison than comparing 1BTC vs 1OZ of gold.

[alyssa85]

this is the second time that it happen, remember the good old thread "gold down bitcoin up"

i believe gold is done it will not increase more than the current value, the market is saturated, bitcoin reaching $1k is only the first step instead

I think gold is done as well. The dollar is up and gold, plus other currencies have tanked. The only thing holding it's value is bitcoin, but that's because most of the buyers are in currencies (yuan, rupee) that are tanking against the dollar and they're trying to get out using bitcoin as a path.

[xuan87]

for short term i will choose bitcoin, now it is a good idea to purchase some bitcoin and trade bitcoin, storing bitcoin for a long term is also a good idea but i am not sure bitcoin can survive for a very long time like 50 years old, but if you store gold it will be still valuable no matter how many years you keep it, so for a long term i choose gold

[calkob]

Well it kissed the gold price and then procedded to take a nose dive, not very good for bitcoins rep as a good source of investment. 

[Huge Black Woman]

That ain't a real choice in my big blackhead.  Jist because 2 thangs is around the same price don' mean I gots ta choooose between the 2.  Gold got its uses, an' I fancy wearin' an oversized gol' rope 'round my neck, but bitcoin is anotha' thang entirely.  Them 2 is almost like apples an' oranges, as the academic people got a habit of sayin'.

An' now bitcoin done dropped through the penthouse an' is sittin' pretty at $891.  What gold at?  Summin' like $1110.  If you all ain't got the intestinoidal fortitude for big swings, bitcoin ain' the right pet fo' yo zoo.  Thank about it.

[traderethereum]

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Bitcoin ofcourse. The price of this coin is increasing and decreasing easily in short of time. I dont know in gold price if the same. But I want bitcoin ofcourse because im earning here and trade it even  if i have only small amount of money.

yes that is a fact, in my area the price of bitcoin is almost double the price of Gold, but there is a lot  of fluctuation in the price of bitcoin where as the price of gold is stale and we can observe a very little change in the price of bitcoin.

bitcoin price is indeed more than gold but for the popularity, i think many people will stay with gold because they don't know anything about bitcoin. but for me, i will stick with bitcoin, i'd like to save bitcoin than gold and its because i don't have much of money to buy gold. but to earn bitcoin, i think i can earn more bitcoin in internet.

[MMA]

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Bitcoin ofcourse. The price of this coin is increasing and decreasing easily in short of time. I dont know in gold price if the same. But I want bitcoin ofcourse because im earning here and trade it even  if i have only small amount of money.

yes that is a fact, in my area the price of bitcoin is almost double the price of Gold, but there is a lot  of fluctuation in the price of bitcoin where as the price of gold is stale and we can observe a very little change in the price of bitcoin.

bitcoin price is indeed more than gold but for the popularity, i think many people will stay with gold because they don't know anything about bitcoin. but for me, i will stick with bitcoin, i'd like to save bitcoin than gold and its because i don't have much of money to buy gold. but to earn bitcoin, i think i can earn more bitcoin in internet.

those people who want to increase their money the give preference to bitcoin and those people who just want to save tier money and not invest them any where then they buy gold as gold is  so stable and they therefore prefer gold for saving their money.

[markj113]

Bitcoin > Gold

Bitcoin you can sell 24 hours a day. Would be very difficult to sell gold in the middle of the night  

Give me an example of why I would want to sell my gold in the middle of the night  

Another pointless example as most people of any intelligence actually hold cash too.  

Just like saying try selling your bitcoin during a power cut / EMP attack / Internet outage / Hardware failure / BTC network attack etc.

[South Park]

this is the second time that it happen, remember the good old thread "gold down bitcoin up"

i believe gold is done it will not increase more than the current value, the market is saturated, bitcoin reaching $1k is only the first step instead

Gold does not have the same movements the bitcoin markets does but that is because, the market is bigger, there is paper gold that suppresses the price of gold and gold tends to move extremely quickly when it correct itself, so that is why we don't see a lot of action in gold if we compare it to bitcoin. 

[Mometaskers]

Well it's now back to $905. I'm assuming that could be due to a lot of people cashing out. I can say much for gold because I don't own any but I'm seeing that if you want earnings, you're better with bitcoin but if you want a bit of stability, go for gold. Diversified is best.

Bitcoin > Gold

Bitcoin you can sell 24 hours a day. Would be very difficult to sell gold in the middle of the night 

Give me an example of why I would want to sell my gold in the middle of the night 

Another pointless example as most people of any intelligence actually hold cash too. 

Just like saying try selling your bitcoin during a power cut / EMP attack / Internet outage / Hardware failure / BTC network attack etc.

This one. Power cut and internet outage wouldn't probably be really big problems since you'd still have your bitcoins with you. It's hardware failure and hacks that is really the scary ones. Bitcoins would be gone in the blink of an eye, leaving you nothing to show for it. And should someone launch an EMP attack, you can say goodbye to your bitcoin, your phone and life as you know it.

[densuj]

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Bitcoin and gold are instrument of investments, there are risk on them and the most high risk between bitcoins and gold is bitcoins.
So for investment sort term i will choose bitcoin because of high fluctuation of price and it is good for making profit from trading bitcoin (altcoins).
And for save the profits from trading bitcoins or altcoins, of course i will choose gold for long term investments,
so everything depend on our strategy of investments.
For me bitcoin and gold are best choice.

[ldreligion]

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Now bitcoin prices have fallen, but I will still choose bitcoin, because its price volatility, we can earn profits from, of course this is not a simple transaction, you need to have enough vision and knowledge.

[Emoclaw]

this is the second time that it happen, remember the good old thread "gold down bitcoin up"

i believe gold is done it will not increase more than the current value, the market is saturated, bitcoin reaching $1k is only the first step instead

Gold does not have the same movements the bitcoin markets does but that is because, the market is bigger, there is paper gold that suppresses the price of gold and gold tends to move extremely quickly when it correct itself, so that is why we don't see a lot of action in gold if we compare it to bitcoin. 

Exactly. Bitcoin is also a brand new technological protocol, while gold has been around for ages. And Bitcoin's volatility is incomparable to gold's.
It also can't be manipulated by chinese whales.