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Harry Callahan
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February 14, 2017, 11:54:01 AM |
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Comparing bitcoin and gold is as comparing dollar and gold. Bitcoin is is a crypto currencies were as gold is physical commodity. In terms of value I think bitcoin several times has surpass the price of gold and when bitcoin got to the level gold is today in terms of age then expect it price to be millions ahead of gold. We should know now that bitcoin is the new brides of investors.
I agree with the fact that bitcoin being a new entrant it still needs time for people to start investing heavily into it .The valuation of bitcoin will surpass gold in a matter of time and the main attraction is because of the limited supply,the price could triple from the current evaluation . |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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ImHash
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February 14, 2017, 12:23:42 PM |
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Spain looted central and south america for centuries because of their gold and US got the gold from Spain by sending the pirates to steal them. Now you can sit in your house and have access to gold without waging wars and killing people, yes you can mine bitcoin then sell for gold or first for fiat and then buy gold, you could even give cows and eggs to trade with gold if that counts  now can you tell me how much gold can you buy with 1 BTC? then calculate how much did it cost you to mine that 1 coin. did you get my point? if bitcoin price is $1000 and you just mined 1 bitcoin by spending $700, and if you can buy 10 grams of gold with $1000 could you go and mine 3 grams by spending 7 grams of that gold? I'll make it simple for you can you buy more gold with spending the gold that you already have? Can anyone give 10 grams of gold to someone else and then receives 20 grams after a few weeks? You can spend money on mining bitcoin and then have more money later, show me anything similar and I'll jump on it. |
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pangdmay
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February 16, 2017, 03:28:04 AM |
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Although bitcoin did well in 2016, but the scale and depth of the encryption of the currency market, compared with $7 trillion in gold market, just pale into insignificance by comparison. Gold is still the only truly global currency, the scale and volatility of comparable currency. Bitcoin (or the currency itself) is one of the most exciting monetary experiments in modern society.
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virusasog
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February 16, 2017, 06:04:17 AM |
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Although bitcoin did well in 2016, but the scale and depth of the encryption of the currency market, compared with $7 trillion in gold market, just pale into insignificance by comparison. Gold is still the only truly global currency, the scale and volatility of comparable currency. Bitcoin (or the currency itself) is one of the most exciting monetary experiments in modern society.
If you gold price chart with bitcoin chart or if you compare with carat. In all the aspects bitcoin is better then gold. Even i saw that gold price fluctuating from past 3 months. As today it dipped around 3$ for 24carat gold in world market. |
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afbitcoins
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Activity: 2100
Merit: 1061
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February 16, 2017, 09:28:49 PM |
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Although bitcoin did well in 2016, but the scale and depth of the encryption of the currency market, compared with $7 trillion in gold market, just pale into insignificance by comparison. Gold is still the only truly global currency, the scale and volatility of comparable currency. Bitcoin (or the currency itself) is one of the most exciting monetary experiments in modern society.
If you gold price chart with bitcoin chart or if you compare with carat. In all the aspects bitcoin is better then gold. Even i saw that gold price fluctuating from past 3 months. As today it dipped around 3$ for 24carat gold in world market. On this log chart gold is the yellow line along the top. I think a good chance we surpass gold this year  |
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CyberKuro
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February 16, 2017, 10:16:41 PM |
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As of this post gold is trading at $1234 an ounce and bitcoin is trading at $1021. Any of you want to speculate on when bitcoin will surpass the price as gold? Commodity prices for reference: http://finance.yahoo.com/commoditiesWith each passing day the bitcoin market supports a greater use of the cryptocurrency as an asset class/store of value over an actual currency. I don't see much growth in opportunity to use bitcoin as currency - maybe you are witnessing different. I genuinely think bitcoin's future is in investment, not currency. Gold price per ounce is $1239 and bitcoin price seems start to rise again at $1035/ BTC1. Bitcoin may surpass gold price in the next month if I guess as long as there's no any issue appear to the surface again, mostly because government regulations such as happened in the last time in China. I think, we still on grow phase and many people consider bitcoin as investment than currency, but if we have more adopters and more merchants accept bitcoin transaction, bitcoin can spend easily as fiat money. |
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btvGainer
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February 16, 2017, 10:20:39 PM |
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As of this post gold is trading at $1234 an ounce and bitcoin is trading at $1021. Any of you want to speculate on when bitcoin will surpass the price as gold? Commodity prices for reference: http://finance.yahoo.com/commoditiesWith each passing day the bitcoin market supports a greater use of the cryptocurrency as an asset class/store of value over an actual currency. I don't see much growth in opportunity to use bitcoin as currency - maybe you are witnessing different. I genuinely think bitcoin's future is in investment, not currency. It depends on what unit you use for both things.Why you take 1 ounce of gold equal to 1 btc? You can compare 1 kg gold to 1 btc or 1 ounce to 1 btc.Since one is tangible thing and other is not,their unit of measurement are different hence they cant be compared |
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Rahar02
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February 16, 2017, 11:49:33 PM
Last edit: February 17, 2017, 12:03:38 AM by Rahar02 |
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I'll make it simple for you can you buy more gold with spending the gold that you already have?
Can anyone give 10 grams of gold to someone else and then receives 20 grams after a few weeks?
You can spend money on mining bitcoin and then have more money later, show me anything similar and I'll jump on it.
Although bitcoin did well in 2016, but the scale and depth of the encryption of the currency market, compared with $7 trillion in gold market, just pale into insignificance by comparison. Gold is still the only truly global currency, the scale and volatility of comparable currency. Bitcoin (or the currency itself) is one of the most exciting monetary experiments in modern society. I think imhash has a point which bitcoin is better option than gold as how fast bitcoin growing compare to gold. Bitcoin will surpass gold in price of course, and maybe surpass gold in term of market cap $7 trillion? But in decades to chase as gold has been around for centuries. |
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gandame
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February 17, 2017, 05:32:42 AM |
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I must agree of those everybody said in this thread and that made a good point with bitcoin digital currency has more advantages compared to gold and it is really fast growing, which people prefers to have an investments like holding it. This will surpass the price of gold even though it is a history that creates popularity by means of jewelry demand from the past years, and bitcoin will surely be adopted and earned by the modern day society who has passion for profitable income.
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hollandvan
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February 17, 2017, 05:45:29 AM |
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Bitcoin is the future of money, gold is stable and won't get pump hard in the following years. I think bitcoin will surpass gold in price this year, it is very probable.
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ethereumhunter
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February 17, 2017, 06:06:39 AM |
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Bitcoin is the future of money, gold is stable and won't get pump hard in the following years. I think bitcoin will surpass gold in price this year, it is very probable.
i think in this situation, we can see that bitcoin is surpass gold in price in short time because bitcoin price have up trend from time to time and although there is a down trend but the price is always rise again to back the high price. so we should wait for a moment until the price is really surpass the gold price and bitcoin will increase to for the price. |
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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February 17, 2017, 12:44:44 PM |
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BY what means, we are comparing 1 ounce gold prices with 1 bitcoin prices ?
This must be a valid point we need to consider and unfortunately both got struck around $1000 price levels which makes people compare them in more preciously bitcoiners are considering gold as a competitor in value race. Nothing would be wrong here imho, we can expect another competitor around $10k levels when bitcoin will be trading there. As of this post gold is trading at $1234 an ounce and bitcoin is trading at $1021.
If I remember right, in late 2013 itself, gold prices were beaten by bitcoin. But did not hold. The current sustaining prices may land bitcoins into $1500 levels hence we can expect gold prices will get out numbered. |
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jtipt
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February 17, 2017, 02:14:30 PM |
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Bitcoin is the future of money, gold is stable and won't get pump hard in the following years. I think bitcoin will surpass gold in price this year, it is very probable.
Taking a look at the chart, it's clear that how much difference bitcoin and gold have. I have already mentioned this, but comparing bitcoin to gold is not a good idea. When was the last time gold took a $100 jump? Probably years ago(maybe never, too lazy to check) But we know that bitcoin did it just last month and its not uncommon for bitcoin to do that. Secondly, Gold's price graph is almost a straight like, while Bitcoin's graph is an exponential graph. But still if you want an estimate as of when BTC will surpass gold, then it wouldn't be more than few months but the question is will it stay that way? |
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Mr.grin
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February 17, 2017, 03:18:52 PM |
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it will be a great day of bitcoin. make a lot of gold investors turn to bitcoin, and of course it would also make the price even higher. when that happens, the user may bitcoin, will sell part they have. The price would be very high.
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sukamasoto
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Black Panther
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February 17, 2017, 03:47:18 PM |
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IMO, at 2019 since bitcoin will reach another halving and I'm sure more investor interest on bitcoin especially Chinese people like they did on early year 2017
Bitcoin have hidden potential as investment , more than you can imagine !
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OrangeII
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February 18, 2017, 04:53:23 PM |
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It's hard to say because people could shift to gold for some of the same reasons that they would shift to Bitcoin (from stock, bonds, etc.). I think Bitcoin does have more potential to increase more just because there is a limited supply. It could take a few years though.
bitcoin has a great opportunity in terms of price. although the price is not stable, but the rise in the price of bitcoin so fast, and it makes me think that someday, bitcoin will have a higher price than gold, and even able to exceed gold in any case. |
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Przemax
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February 19, 2017, 04:13:25 PM |
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One bitcoin is just an arbitrary and meaningless division of btc currency. And if you want to compare one two the other you would have to compare the total market cap which is hundreds if not thousands less for btc. So you will have to wait a lot since they will come close to eachother.
There are problems in counting up the gold market cap since there are so many virtual gold IOU, that makes catching up of bitcoin market cap to gold even harder to achieve.
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virusasog
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February 19, 2017, 05:36:56 PM |
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IMO, at 2019 since bitcoin will reach another halving and I'm sure more investor interest on bitcoin especially Chinese people like they did on early year 2017
Bitcoin have hidden potential as investment , more than you can imagine !
Yeah everyday we are seeing any site or businesses are adopting bitcoin. Investing in the sense, I do not agree any of the normal ideas to earning such as lending, trading or gambling. These won't provide big profit. When we see with gold we already surpassed the gold value, if we compare the value of bitcoin with each gram of gold. |
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PokerFace3
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February 19, 2017, 06:52:19 PM |
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When we see with gold we already surpassed the gold value, if we compare the value of bitcoin with each gram of gold.
Is that a right comparison ? I do not think so. Only because of denoting bitcoin as a digital gold, people are considering gold prices to compare with bitcoins still world wide gold has different volume based standards. Some countries are following ounce and some others are following 10gram and 8gram measurement also in practice in some countries. |
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whizter
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February 20, 2017, 06:40:27 PM |
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IMO, at 2019 since bitcoin will reach another halving and I'm sure more investor interest on bitcoin especially Chinese people like they did on early year 2017
Bitcoin have hidden potential as investment , more than you can imagine !
yes i am also hopping so that in future the price of bitcoin will increase more and more because more and more people are entering in the world of bitcoin. |
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