Bitcoin has defeated gold

[scryclip]

If the total market cap overtakes gold (maybe one day) then we can say "defeated" but I don't think anyone can say gold has been defeated yet.

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[StarofBTC]

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

Gold is left behind with bitcoin, the bubble never stops and here we are at $6120 mark. Investing in bitcoin is more profitable and in short time unlike gold that barely moving.

There is hardly any reason to argue this thing that it is none other than bitcoin which is ruling the world now-a-days in a significant manner.

Gold was no doubt very much profitable and was considered as the best way of investing money in the past but now things have changed a lot. It is only bitcoin which is at the top of the list and it has earned a very good name in such a short period of time.

[aeternus]

So many people have claimed this before. Highly unlikely. Both have their place in portfolios, to disregard golds history is a big mistake.

People say this since gold is still one of the points of reference when it comes to money, but bitcoin is still very far away to be able to beat gold in market cap, however I will not be surprised if in the next 10 years bitcoin grew enough to have something between 15% to 20% of the market cap of gold.

[YTBitcoin]

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

Gold is left behind with bitcoin, the bubble never stops and here we are at $6120 mark. Investing in bitcoin is more profitable and in short time unlike gold that barely moving.

I don't think that the right term for bitcoin is bubble because you can see that the price is not a bubble and it is continuously going up because of the demand that keeps coming in bitcoin and that bubble that you are calling is not existing in bitcoin and i believe that even gold is a slow investment, it is still a good investment because like bitcoin it is just limited.

Even Gold is the best asset on the world at now, but it still called a big bubble in a long time by some famous people and experts. Therefore, Bitcoin also a bubble growth. Honestly, I do not need to someone call Bitcoin is bubble, just by its price still enough to prove that.

The price of bitcoin is ging to get stable at some time in future but we cannot call it a buuble. Bubble is something that enlarges first and after explosion it dies out, in literal meaning and calling any crypto coin by that name means it will reduce to very low value. I don't think so. Bitcoin value is growing up at a stunning rate and this is why people think it is a bubble. However, bitcoin is going to rise high and maintain that price.

[Webetcoins]

If the total market cap overtakes gold (maybe one day) then we can say "defeated" but I don't think anyone can say gold has been defeated yet.

Yes this is the only condition and I am sure this is going to happen soon, the place of the bitcoin is increasing and now people are trusting the bitcoin more than before so buy the bitcoin and get into it as soon as possible because in the future bitcoin is going to be the only one investment and the rule of the gold will be finish holding the bitcoin will give you the benefit for sure so be careful and use the bitcoin instead of the gold.

[Dmitry.Vastov]

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

No I don’t think that bitcoin has defeated gold as a total although it has defeated it in terms of price. This is because firstly  Gold is a precious metal and has a physical entity whereas bitcoin is just a digital currency. Then Gold is more stable than bitcoin. Gold is regulated by government or banks which increases its stability where as bitcoin is not regulated by any government which decreases it’s stability. Then Gold is more popular among people then bitcoin Because of which it has gained more users then bitcoin.

[Kurokonobasuke]

I don't really think that Bitcoin already defeated Gold. Still, Gold is a better investment even if Bitcoin has a much larger market value, demand, and capital at this moment, Gold has a way stable market value than Bitcoin which is really important in an investment because it means less risk. And also, Gold is legal to most of the countries while Bitcoin is not.

[Pettuh4]

I don't really think that Bitcoin already defeated Gold. Still, Gold is a better investment even if Bitcoin has a much larger market value, demand, and capital at this moment, Gold has a way stable market value than Bitcoin which is really important in an investment because it means less risk. And also, Gold is legal to most of the countries while Bitcoin is not.

It doesn't even make sense to compare the two since Bitcoin can not be caught to measure its dimensions and weight like gold and so any form of comparison be it value or whatever doesn't make sense because we cannot compare equal amount of each.

[Kisanaq]

In profit of course bitcoin has defeated gold, but the market cap of course gold is still larger than bitcoin, it may take at least 10 more years to beat the market cap gold.

[mickeybuddy27]

I don't really think that Bitcoin already defeated Gold. Still, Gold is a better investment even if Bitcoin has a much larger market value, demand, and capital at this moment, Gold has a way stable market value than Bitcoin which is really important in an investment because it means less risk. And also, Gold is legal to most of the countries while Bitcoin is not.

When it comes to legalization, gold defeat bitcoin because gold is acceptable and well known every as good investment but is is more easy to collect bitcoin than gold even it has less risk on it because of having a stable price. Bitcoin defeats gold when it comes in use by people and there are many people invest on it because of it volatility that gives opportunity to investors to get high profit for long time of holding it.

[TrueCryptonaire]

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

Bitcoins is defeating gold in investment,  more and more investors are investing in bitcoins rather than in gold.  The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.Gold and bitcoin are two different thing, each serves for a different purpose (in a way). Although both item can be an investment, they are still different. You can trust bitcoin for very wise investment ment for the future as well as gold however gold also are precious thing because it people love jewelries s and anything from gold so I think gold will stay in the market as well as bitcoin.

[macchiato]

It has defeated it the very first time it was created. First, bitcoin is just made up of codes and algorithms. No natural resources used, no man labor needed and no transportation used for exporting. But it's value is higher. Can you see now how superior bitcoin is over gold?

[szpalata]

It has defeated it the very first time it was created. First, bitcoin is just made up of codes and algorithms. No natural resources used, no man labor needed and no transportation used for exporting. But it's value is higher. Can you see now how superior bitcoin is over gold?

How much Bitcoin are we talking about which is superior than gold? Is it a single Bitcoin per a kilogram of gold or the entire 21million Bitcoins as against a kilogram of gold, I think you need to be specific.

[ajochems]

It has defeated it the very first time it was created. First, bitcoin is just made up of codes and algorithms. No natural resources used, no man labor needed and no transportation used for exporting. But it's value is higher. Can you see now how superior bitcoin is over gold?

How much Bitcoin are we talking about which is superior than gold? Is it a single Bitcoin per a kilogram of gold or the entire 21million Bitcoins as against a kilogram of gold, I think you need to be specific.

Yes.10 grams of gold is equal to 1BTC.So at any time gold is not equal to the bitcoin.1 gram of gold is 390$.One Bitcoin is equal to 5800$.I think with the one Bitcoin, you will get 10 gram's of gold. The price of gold is stable at particular value for long term. But the price of bitcoin will keep on vary.If the price reaches high value means, Sell the holding bitcoin and brought lot of bitcoin when the price is low.You will get more profit in bitcoin investment, than in gold inversement.

[ngesotcoy]

It has defeated it the very first time it was created. First, bitcoin is just made up of codes and algorithms. No natural resources used, no man labor needed and no transportation used for exporting. But it's value is higher. Can you see now how superior bitcoin is over gold?

How much Bitcoin are we talking about which is superior than gold? Is it a single Bitcoin per a kilogram of gold or the entire 21million Bitcoins as against a kilogram of gold, I think you need to be specific.

Yes.10 grams of gold is equal to 1BTC.So at any time gold is not equal to the bitcoin.1 gram of gold is 390$.One Bitcoin is equal to 5800$.I think with the one Bitcoin, you will get 10 gram's of gold. The price of gold is stable at particular value for long term. But the price of bitcoin will keep on vary.If the price reaches high value means, Sell the holding bitcoin and brought lot of bitcoin when the price is low.You will get more profit in bitcoin investment, than in gold inversement.

You know bitcoin is limited to 21 million coins, gold ounces exist far more than that. Bitcoin and gold are completely arbitrary values that don't relate to each other at all. I agree want to get more profit, bitcoin's better than gold in investment.

[Skyshark]

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

It is true, nothing can beat bitcoin now, but still, its a bit risky but it also has lots of hope in it. Now, there are just so many investors that bitcoin is just continually increasing its price, and as of today, buyers and holders are still rushing to buy bitcoins, both old investors and new investors. Bitcoin now, is the biggest thing, that have ever happened in the worlds history.

[babarian]

as that is the reality now, the price of gold is already very much different from the price of bitcoin

do not be like a fool, do something soon, not just admire or be surprised

[CryptoMoar]

maybe in term of price, system, technology, gold defeated by bitcoin.
but, gold have other side that not owned by bitcoin. gold is pure treasure, cant decrease and useful.
and i think much people know gold than bitcoin, it mean gold's popularity is more than bitcoin

[Sled]

maybe in term of price, system, technology, gold defeated by bitcoin.
but, gold have other side that not owned by bitcoin. gold is pure treasure, cant decrease and useful.
and i think much people know gold than bitcoin, it mean gold's popularity is more than bitcoin

How can you said that gold defeated bitcoin by being a useful thing? Bitcoin is more useful than gold because if you will use bitcoin then you can transact to the other part of the world which is faster than the other way of transferring money and the potential return in bitcoin is bigger than the gold. So based on my comparisons i thin that gold has no chance compare to bitcoin.

[Wildwest]

maybe in term of price, system, technology, gold defeated by bitcoin.
but, gold have other side that not owned by bitcoin. gold is pure treasure, cant decrease and useful.
and i think much people know gold than bitcoin, it mean gold's popularity is more than bitcoin

How can you said that gold defeated bitcoin by being a useful thing? Bitcoin is more useful than gold because if you will use bitcoin then you can transact to the other part of the world which is faster than the other way of transferring money and the potential return in bitcoin is bigger than the gold. So based on my comparisons i thin that gold has no chance compare to bitcoin.

I do not know why gold must have that terms to defeat Bitcoin, even they have that terms Bitcoin still unbeatable. I'm very agree with you Bitcoin is useful than gold, this currency can be mined and can be used some things such as payment also transfer bitcoin or money with low fee.