Bitcoin has defeated gold

[isoneguy]

It is a great achievement that Bitcoin was able to surpass the price of an ounce of hold for the first time, we hope for more as more investors join this wonderful technology.

um...it's the second time I think

[Adelajda]

It is a great achievement that Bitcoin was able to surpass the price of an ounce of hold for the first time, we hope for more as more investors join this wonderful technology.

The price of bitcoin just showed glimpses that it could break the price to a new level and it could possibly overtake the price of gold in the future but the resistance was too high at 1300 and the price went down as a result and if ETF is approved then we could definitely tell that it has defeated gold when it comes to valuation.

[The_Dark_Knight]

Yes bitcoin already defeats gold in terms of price but i think it doesn't stable because there still a risk that bitcoin price will go down if something happens like bad news or panic selling. But even though bitcoin is not stable on its price it is kind of a good side for me because i'm a bitcoin trader and i love the volatility of bitcoin price since i was started.

You are right and having a fixed or stable price is what differentiate bitcoins from other assets.
If bitcoins would have a fixed value then it would just be too boring for any trader like for example you and its the change of price or volatility that makes bitcoins worth holding and trading.

There have been certain rumors that the price of bitcoins might drop too quickly and these are just hype to make people dump their coins.

The volatility of bitcoin attracts investors there is no doubt about that, but the volatility needs not be that large or the traders will fell like there is no way to predict the price at all and will get out of bitcoin because of it.

[deisik]

Didn't bitcoin already beat gold back in 2013 when the price of bitcoin went to around 1300$, and gold was about 500$ then ? Don't see whats the big point about it beating gold, unless it does so in the long term

Obviously, it couldn't beat gold back then

Since the last time when gold prices had been about 500 dollars were more than a decade ago

It seems to me that one bitcoin and one ounce of gold can not be equaled. It's just like water, a liter of water is worth a penny, but try to live without it. Therefore, let the gold and has a lower price, but its value is eternal.

Welcome to the subjective theory of value, bro

The cornerstone of this theory is the concept of diminishing marginal utility, which essentially claims that it doesn't matter how much important is water for you in general (even if you can't live without it like without air). What matters is the utility of every additional liter of water in addition to what you already have (hence the word marginal). Since you can't drink more than you need, you don't need much of it either. That's why water is cheap while gold is dear. Basically, because water is by far more abundant than gold, even despite the fact that you can't live without water but could do quite well without gold and likely even better without the latter altogether (you won't bother that it can get stolen or lose value)

[Oralmat]

Before 2 weeks ago, i was also thinking, but now recently bitcoin's price has turned to go back and the last 2 days, bitcoin is $1151. So for me, i was thinking bitcoin will definitely cross $1500, and bitcoin already beat the gold but now the situation has been changed. So let see what is happening in the coming weeks. 

[Sundark]

The volatility of bitcoin attracts investors the re is no doubt about that, but the volatility needs not be that large or the traders will fell like there is no way to predict the price at all and will get out of bitcoin because of it.

Volatility of bitcoin attracts speculators, they prey on price shifts and don't care about long term strategies. The bigger the volatility the better for them.
Investors are lured by promise of profits due to bitcoin's deflation over time, they don't speculate but rather want stable rising trend.

[X-ray]

Before 2 weeks ago, i was also thinking, but now recently bitcoin's price has turned to go back and the last 2 days, bitcoin is $1151. So for me, i was thinking bitcoin will definitely cross $1500, and bitcoin already beat the gold but now the situation has been changed. So let see what is happening in the coming weeks. 

I was predicting it in the last time, Give an admit to sell all of the bitcoin by everyone in near of 11 march. and my prediction was come true last night. So, there is a chance to take an act about our bitcoin. although the US securities try to give another delay and the bitcoin will go to the another bottom line as soon as possible.

[Doms]

The volatility of bitcoin attracts investors the re is no doubt about that, but the volatility needs not be that large or the traders will fell like there is no way to predict the price at all and will get out of bitcoin because of it.

Volatility of bitcoin attracts speculators, they prey on price shifts and don't care about long term strategies. The bigger the volatility the better for them.
Investors are lured by promise of profits due to bitcoin's deflation over time, they don't speculate but rather want stable rising trend.

Bitcoin attracts both actually as there is always the potential for it to even go higher. We all want big returns from our investments, whether we be speculators or long term investors. There are predictions that the price could reach $5000 by the end of the year and by 2019, bitcoin’s price would really explode to highs never before seen. Would be nice to see how these predictions fare come that time. Although that is still far from matching gold's price per kilo.

[Yuuto]

True, bitcoin has definitely exceeded gold in value, which is a huge benchmark to cross for bitcoin.

The 2013 hype has gotten everyone out of their seats early, many speculating that bitcoin would beat gold in price, but obviously we all know how that went - it fell short by a few hundred dollars and pretty much everyone was very disappointed.

But not this time, bitcoin has made a comeback.

Although there are issues to fix before it becomes mainstreams, i can safely say that bitcoin is now establishing its own reputation as a good store of value, much like gold has done over centuries.

The question is, will bitcoin be the digital gold? My speculation is probably yes.

[Soul Reaper]

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.

for me, this means nothing.
because as far as i am concerned bitcoin defeated gold the day it was created. and i found out about bitcoin late but from the day i knew about bitcoin until today i have been seeing profit, and the amount of profit bitcoin has given me, gold could never do in all the previous years.

How could you predict that.
I mean the first bitcoin ever to exist was less than even 1$.
No one in their dreams even could have thought this to happen.( Except satoshi I guess).
How did you know it !? ( It seems to be a bit wierd)
Talking about gold compared to bitcoin.
I think it is indeed an achievement for bitcoin community.
This is just the start.
There are miles to come now.

[Astvile]

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.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer. 

Yeah better to total and sum all bitcoins and gold that is circulating in the market to know if bitcoin really do overcome bitcoin gold by this time

[Gerlysheyn]

Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I think bitcoin has not really defeated gold since the gold market was larger than crypto-currency ...money has to stable. that simple. bitcoin is just too ... I would rather own real money, Gold & Silver.

[Pettuh4]

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.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer. 

Yeah better to total and sum all bitcoins and gold that is circulating in the market to know if bitcoin really do overcome bitcoin gold by this time

At least we know it over passed the price of an ounce of gold and so we shouldn't dwell on it overcoming gold, that's I think too big a word. We are not comparing their properties, are we? Just the prices.

[Ocalebeth]

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.

I couldn't believe it either it all happened really fast and the Bitcoin isn't around for a long time.
So this is a pretty big achievement and I personally think that things will only get better then they already are.

[pinkpanther03]

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.

Bitcoin didn't defeated gold, it's just bitcoin meet the price of gold but not defeating it. But in terms of stability Gold is still more stable than bitcoin, though I'm a bitcoin fanatic but later it will really surpassed the gold sooner or later.

[soul-impact]

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.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer. 

Yeah better to total and sum all bitcoins and gold that is circulating in the market to know if bitcoin really do overcome bitcoin gold by this time

It is not about the market. I only want to mention about the Bitcoin prices. There is still a long path ahead and this is the first step to prove that bitcoin can become stronger than gold. It only takes us 8 years to witness about the significant increase in the prices and there is no doubt that Bitcoin will replace gold and become the next valuable type of investment

[talkbitcoin]

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.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer. 

Yeah better to total and sum all bitcoins and gold that is circulating in the market to know if bitcoin really do overcome bitcoin gold by this time

your problem is thinking there is only 21 million bitcoins available but in fact there is 21 million * 10^8 satoshi available.
how come when you are comparing gold you are using the smallest unit, you should do the same with bitcoin too.
also on top of that you should consider the history of these two. bitcoin has only an 8 year history (practically a toddler) while gold has been around for as long as currency was around and even before.

[chungfungfuckyou]

I think all of you are big idiot

In china they will ban all of the bitcoin as soon as it affect the CNY rate - that is if bitcoin become that big

Bitcoin will become illegal 100% in few years now already so much money launder scams are happening

US ban everything without doubt all country ban bitcoin

you cannot ban gold ownership but bitcoin tomorrow morning your government can say finish idiots...

All of you can party - even i party until bitcoin ban. I always have stop loss to withdraw because ban is coming i know

All of you cry when bitcoin go to 50 dollar again but my stop loss hit 1000 i make money and then go to next market of the trading whether it is the shanghai class a index or some other hong kong market but you idiot know how to trade only the cryptocurrency because you have no jobs in life

[Noctis Connor]

i dont think that bitcoin surpass or defeated gold maybe now bitcoin already defeated gold but remember that bitcoin price is not that stable it goes up and down and it depends on the bigwhales who has been a part of bitcoin community so lets expect that bitcoin will drop sooner or later then it will raise again . so exchange your bitcoin and cash it out while bitcoin are on high price right now so you can buy again bitcoin when it price drop.

[chungfungfuckyou]

i dont think that bitcoin surpass or defeated gold maybe now bitcoin already defeated gold but remember that bitcoin price is not that stable it goes up and down and it depends on the bigwhales who has been a part of bitcoin community so lets expect that bitcoin will drop sooner or later then it will raise again . so exchange your bitcoin and cash it out while bitcoin are on high price right now so you can buy again bitcoin when it price drop.

shut up idiot, bitcoin is going up not because of whale. There are many big whale in bitcoin but not 1 whale has control on whole market and not all of the whale work together

Sometime some whale lose big money

Biggest miner pool are fight against each other and each one is like its own whale

When cypras economy collapse bitcoin go up first time go read history book

Now its bad for some country and they buy the bitcoin, you see renimbi how low it go this is why all buy bitcoin

If renimbi go up very high then no one buy bitcoin