Bitcoin has defeated gold

[KnightElite]

As at today I bitcoin is more than 3 time one oz of gold and I think bitcoin has replaced gold as many people that are into gold investment has coverted there investment to bitcoin. Bitcoin is over performing to well and I do believe that in months to come we would see another great level of bitcoin success.

Yeah the bitcoin today is now very powerful and it seems that the bitcoin is continuing to gain more power. The continuing rising up of the price of the bitcoin is the proof that the bitcoin is more strong than the gold.

[NoNetwork]

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.

Yes I am also amazed how bitcoin value rises that huge after that drops. For this matter of time, I can assumed that bitcoins are more valuable than gold and a great investment than gold. But we all know that gold is part of the history and it is a natural wonders it came from our planet while bitcoins are just made by man. Truely man inventions are pretty good that can even surpass what nature can provide.

That is indeed a very good overview in about Bitcoin and Gold. It it indeed that Bitcoin's value is now more valuable than gold and not only that also its availability is not that hard since you can earn Bitcoin in many different ways of some sorts. Whilst Gold is so hard, not that you need to find good location for it but also you need good buyers for it.

[Hamstead]

As at today I bitcoin is more than 3 time one oz of gold and I think bitcoin has replaced gold as many people that are into gold investment has coverted there investment to bitcoin. Bitcoin is over performing to well and I do believe that in months to come we would see another great level of bitcoin success.

Yeah the bitcoin today is now very powerful and it seems that the bitcoin is continuing to gain more power. The continuing rising up of the price of the bitcoin is the proof that the bitcoin is more strong than the gold.

Bitcoin has defeated gold but not totally, I can say that because bitcoin is different from gold by mean of its used and character. The uprising price of bitcoin soared over gold nowadays, adaptation by the communities have a big factors affecting their prices. Most of the growing countries embraced this bitcoin world and that bring gold into down.

[drachman]

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.

If you were to look at the market cap of both you will realize that gold has not been defeated in fact bitcoin is not even close to defeat gold, bitcoin will probably need a lot of time to even get a good portion of the market cap of gold.

[exstasie]

As at today 1 bitcoin is more than 3 time one oz of gold and I think bitcoin has replaced gold as many people that are into gold investment has coverted there investment to bitcoin.

Bitcoin replacing gold? Give me a break! Gold has been seen as a store of value and money for thousands of years. Bitcoin has only existed for 8 years, and is very speculative. More than that, comparing one bitcoin to one ounce of gold is arbitrary. What does "one ounce" have to do with the actual supply of gold?

Don't get me wrong. I'm a huge bitcoin supporter, and I think that it's going to be very much integrated into future society. But I also don't think gold (nor fiat money) are going anywhere. That's where a lot of bitcoiners are wrong, I think.

[supercanada1]

I dont think that bitcoin would be able to defeat gold, as for gold is way more precious that bitcoin. Maybe bitcoin is much more expensive now than gold, but gold will never be gone. Let's just not compare these two.

bitcoin is better than gold no doubt the worth and the importance of the bitcoin is much higher than gold bitcoin beat gold back in the 2012 when the price of the bitcoin was about 1300$ and the price of the gold was 500$ so we can see bitcoin has been important and more valuable than gold long ago to invest money.

[stompix]

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 totally agree with these, but the only thing that makes gold better than BTC is that gold's price is not volatile, it's a sure investment. On the other hand, bitcoin's volatility makes it good for short-term investments and even for long term investments. A lot of people are investing more in bitcoin than gold.

Some people are, but most of them unfortunately are not. Even with today's high price for Bitcoin the Market Cap for BTC is around 74 Billion USD, and for gold it is around $7 trillion. This is like 100 times more. I do think that the situation will change in favor of Bitcoin in the future, but for now much more people prefer to invest in gold.

Where are you living dude? People are preferring bitcoins over gold now. They are treating gold as the older means of investments. Bitcoins volatile nature is giving opportunity of becoming rich in short time which gold badly lacks. You can’t be millionaire with gold in few months but that is possible with bitcoins.

He is right, it's you who has a biased view because you live in this forum not in the real world.
Take a walk (if not possible in rl do it through yt videos) and see what only the Dubai gold district means. Just the numbers from the DSF are dwarfing every btc related business.

And your whole point is that people prefer BTC because they can get millions in a few months.
Ok, good point taken.
What will happen then when BTC hits 1 million.?
Of course there will be no way to get 1000x% gains in matter of months. Does this mean people will abandon BTC ?

[YTBitcoin]

As at today I bitcoin is more than 3 time one oz of gold and I think bitcoin has replaced gold as many people that are into gold investment has coverted there investment to bitcoin. Bitcoin is over performing to well and I do believe that in months to come we would see another great level of bitcoin success.

Bitcoin performance in market has been wonderful since last 2 years. It crossed the value of gold a very long time ago. But there are still foolish people who think it is useless. But the truth is that by observing the performance of bitcoin in current time it is obvious that one day it will surpass the value of a diamond. And there will be nothing more valuable than a bitcoin. so we must be proud that we are living in an era where bitcoin is growing.

[Qartersa]

As at today I bitcoin is more than 3 time one oz of gold and I think bitcoin has replaced gold as many people that are into gold investment has coverted there investment to bitcoin. Bitcoin is over performing to well and I do believe that in months to come we would see another great level of bitcoin success.

Bitcoin performance in market has been wonderful since last 2 years. It crossed the value of gold a very long time ago. But there are still foolish people who think it is useless. But the truth is that by observing the performance of bitcoin in current time it is obvious that one day it will surpass the value of a diamond. And there will be nothing more valuable than a bitcoin. so we must be proud that we are living in an era where bitcoin is growing.

Yeah, if you invested in bitcoins in the past few years, you would beat every securities and investments out there. And seems like bitcoins isn't stopping anytime soon. I guess this is really the future of finance. We need just more people to use it and believe in it to really see it grow to its full potential. Bitcoins really did exceed my expectation of it as an investment.

[amaral1977]

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 really believe this is an overstatement. Comparing prices from 1 BTC to 1 XAU is too reductive. Gold is still the number one store of value asset. It proved itself and stood the test of time. BTC is still in early stages. Let´s see wha the future brings us

[olushakes]

In comparing two things in other of identify the variance, or establish suoremacy, not just one factor is put into consideration because if you ask me, the only thing that bitcoin has gotten more than gold is  price in which aside that, I don't see any other thing  is it the backing of a physical asset, or the long-term availability or support from government all this gold has gotten more that bitcoin.

[iluvpie60]

Bitconi will continue to death gold mah boi!!!

Always. It will continue to go up in price. More and more people are using it every day. The marketcapet is over 140,000,000,000 USD.

Bitcoin also is now higher marketcap than Paypal if you didn't know.

Shall continue to rise rise rise!!!!!!!!!!!!

[ocid]

The unexpected value of bitcoin this year experienced a very high increase, although it had a decline again but not to drop drastically, but after that went back bitcoin increased higher. In this year bitcoin prices are much higher if compared to gold even in my opinion until the future is also bitcoin able to beat the price of gold.

[Sled]

The unexpected value of bitcoin this year experienced a very high increase, although it had a decline again but not to drop drastically, but after that went back bitcoin increased higher. In this year bitcoin prices are much higher if compared to gold even in my opinion until the future is also bitcoin able to beat the price of gold.

Bitcoin already beat the price of the gold and even though it already beat the price, bitcoin is still hungry for a higher price and i believe that in the future we can see more higher price for bitcoin and there is no doubt that those people who are in the traditional investment will just migrate to bitcoin because they will see a brighter future with bitcoin.

[Macai]

The unexpected value of bitcoin this year experienced a very high increase, although it had a decline again but not to drop drastically, but after that went back bitcoin increased higher. In this year bitcoin prices are much higher if compared to gold even in my opinion until the future is also bitcoin able to beat the price of gold.

Bitcoin already beat the price of the gold and even though it already beat the price, bitcoin is still hungry for a higher price and i believe that in the future we can see more higher price for bitcoin and there is no doubt that those people who are in the traditional investment will just migrate to bitcoin because they will see a brighter future with bitcoin.

Gold are good only for collection but if we talk about the price bitcoin defeated gold and the price are big difference.
I agree that more investors now they migrate on bitcoin. Its been a good one to invest on bitcoin than to gold.

[Betwrong]

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 totally agree with these, but the only thing that makes gold better than BTC is that gold's price is not volatile, it's a sure investment. On the other hand, bitcoin's volatility makes it good for short-term investments and even for long term investments. A lot of people are investing more in bitcoin than gold.

Some people are, but most of them unfortunately are not. Even with today's high price for Bitcoin the Market Cap for BTC is around 74 Billion USD, and for gold it is around $7 trillion. This is like 100 times more. I do think that the situation will change in favor of Bitcoin in the future, but for now much more people prefer to invest in gold.

Where are you living dude? People are preferring bitcoins over gold now. They are treating gold as the older means of investments. Bitcoins volatile nature is giving opportunity of becoming rich in short time which gold badly lacks. You can’t be millionaire with gold in few months but that is possible with bitcoins.

He is right, it's you who has a biased view because you live in this forum not in the real world.
Take a walk (if not possible in rl do it through yt videos) and see what only the Dubai gold district means. Just the numbers from the DSF are dwarfing every btc related business.

~

That's right, some people lose contact with reality hanging on this forum. There are still a lot of people, educated people from big cities, who don't use Bitcoin and know little about it. I meet them almost every day, I tell them about Bitcoin thinking that at least now they know, but, nope, they still don't.

Yes, Bitcoin is better than gold in terms of investment, but the vast majority think otherwise.

[Yaramrd]

I dont think that bitcoin would be able to defeat gold, as for gold is way more precious that bitcoin. Maybe bitcoin is much more expensive now than gold, but gold will never be gone. Let's just not compare these two.

bitcoin is better than gold no doubt the worth and the importance of the bitcoin is much higher than gold bitcoin beat gold back in the 2012 when the price of the bitcoin was about 1300$ and the price of the gold was 500$ so we can see bitcoin has been important and more valuable than gold long ago to invest money.

Yes I agree with you that Bitcoin is better than gold as we see more and more people are investing in Bitcoin than gold.

[grermezter]

I dont think that bitcoin would be able to defeat gold, as for gold is way more precious that bitcoin. Maybe bitcoin is much more expensive now than gold, but gold will never be gone. Let's just not compare these two.

bitcoin is better than gold no doubt the worth and the importance of the bitcoin is much higher than gold bitcoin beat gold back in the 2012 when the price of the bitcoin was about 1300$ and the price of the gold was 500$ so we can see bitcoin has been important and more valuable than gold long ago to invest money.

Yes I agree with you that Bitcoin is better than gold as we see more and more people are investing in Bitcoin than gold.

In terms of current profitability, Bitcoin has defeated Gold in every manner possible. And i doubt that Bitcoin is going to crash so hard that its going to go below the $2000 value. Even when it goes to that value its still valuable than Gold. Bitcoin is currently the most profitable commodity in the entire world.

[AK47-]

I dont think that bitcoin would be able to defeat gold, as for gold is way more precious that bitcoin. Maybe bitcoin is much more expensive now than gold, but gold will never be gone. Let's just not compare these two.

bitcoin is better than gold no doubt the worth and the importance of the bitcoin is much higher than gold bitcoin beat gold back in the 2012 when the price of the bitcoin was about 1300$ and the price of the gold was 500$ so we can see bitcoin has been important and more valuable than gold long ago to invest money.

Yes I agree with you that Bitcoin is better than gold as we see more and more people are investing in Bitcoin than gold.

In terms of current profitability, Bitcoin has defeated Gold in every manner possible. And i doubt that Bitcoin is going to crash so hard that its going to go below the $2000 value. Even when it goes to that value its still valuable than Gold. Bitcoin is currently the most profitable commodity in the entire world.

I would like to know why you doubt that Bitcoin is going to crash this hard that will touch $2000 again?

Comparing gold and Bitcoin on the basis of price is baseless. They both have their own price driving factors. Where Bitcoin price varies largely due to demand and supply and has limited supply, thus, price will grow in future as well, gold vary largely with dollar price, oil prices along with supply and demand and is lot more famous than Bitcoin. These are two different commodities that can't be compared. Both are excellent investment assets and are best to have diversified investment plan.

[Krillin61]

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.

That's true, bitcoin has definitely defeated the gold. And as you can see bitcoin has now $4000 in price and it continue growing. Hence, I think it is more appropriate on investment compared to gold because it has more potential for you to gain profit here.