Deathgamer
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October 12, 2017, 03:32:55 PM |
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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.  Yes bitcoin has defeated gold because compare to gold,bitcoin has a higher value.bitcoin as of now is more valuable than gold because bitcoin is always increasing and i hope that it wont stop increasing so that bitcoin will be the most expensive in the future. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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eance
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October 12, 2017, 03:42:01 PM |
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I would like to know how BTC and Gold are compared. Checking only the price seems too simple.
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Monkeydluffy001
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October 12, 2017, 04:38:54 PM |
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Bitcoin is just a electronic representation of gold nowadays. Gold is a lot different thing to bitcoin. But technically speaking bitcoin is just a simple way to earn money thru internet, just simply wait, invest time and hope. But for me gold cant be defeated.
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UzumakiSakuragi
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October 12, 2017, 04:54:14 PM |
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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 it is true, people who invested on bitcoin and sold them are probably thinking of a way on how can they get back what they have lost, maybe some of them are just dying to turn back the time and just held their bitcoin until I don't know when. Now bitcoin is the leading cryptocurrency in the cryptoworld, and nothing is able to beat it even in our current world. Now even gold is being shaken by bitcoin. But I think its gonna be hard to replace gold. One day will come when we would just lose electricity and these modern gadgets, if that day happen, then bitcoin is no more, but gold would still be gold. |
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jekjekman
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October 12, 2017, 08:07:10 PM |
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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 is a digital online currency while Gold is a mineral and value is both that they have in common, the price per gold in xau now is too small to the current price of Bitcoin while I am typing this because it already reaches $5,300+ per piece, I will not be shock when the time comes that the price of Bitcoin will overtake the price of a 1 kilogram of gold bar it is just a matter of time. Gold is can be mine so as Bitcoin but the only difference is that Gold is like since our ancestors were born or the first living things on earth exist while Bitcoin is only reaching its 1st decade as a cryptocurrency in 2019 so if Bitcoin continues its growth it will may reach $1 million per BTC, I hope. |
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deisik
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October 12, 2017, 08:37:29 PM |
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That depends on your specific purpose
As many have already said (me included), gold and Bitcoin (as well as other cryptocurrencies) are used for different purposes. Gold as coins and bars, on the one hand, is used to store wealth, i.e. as a means of preserving value, while Bitcoin is used for speculation, i.e. for multiplying your wealth (and possibly losing it). As you can see, there is no competition between gold and Bitcoin, and the same investor or speculator can use and keep both without having a lot of cognitive dissonance
Agreed with your post. If you want to preserve your wealth, there can be no asset which is safer than gold. The only thing is that because it is a physical asset, it can be seized by the authorities or stolen by the thieves. Every cloud has a silver lining On the other hand, though, every rose has its thorn too. And as obviously, both gold and Bitcoin have their pros and cons, advantages and disadvantages. Nevertheless, if you are a wealthy boy or gal, metal gold is sort of a must-have. You can rent a bank vault if you are afraid of thieves (but then the bank itself could be the thief) or you could use a personal vault or safe if you are afraid of the government. Anyway, gold is a universal currency of the last resort, so to speak, and if things go terribly awry and shit hits the fan, you certainly won't get lost with gold in your hand, nowhere in the world |
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NoNetwork
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October 13, 2017, 03:01:54 PM |
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I would like to know how BTC and Gold are compared. Checking only the price seems too simple.
Well yeah, if it is the price then it is too simple. If there could be something that might be compared between these this is that, is Bitcoin just like Gold, in a way that Gold has been called as a good. While Bitcoin for instance is called a cryptocurrency but its significance is not like of a currency at all. I mean they are treating it as a digital 'good' just like Gold. Well this might only be some misconceptions but hey, we can just conclude it that Bitcoin is both currency and digital good. But then again, it depend on what platform you're going to use it. |
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PizzaBTC
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October 14, 2017, 10:55:32 AM |
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I would like to know how BTC and Gold are compared. Checking only the price seems too simple.
Well yeah, if it is the price then it is too simple. If there could be something that might be compared between these this is that, is Bitcoin just like Gold, in a way that Gold has been called as a good. While Bitcoin for instance is called a cryptocurrency but its significance is not like of a currency at all. I mean they are treating it as a digital 'good' just like Gold. Well this might only be some misconceptions but hey, we can just conclude it that Bitcoin is both currency and digital good. But then again, it depend on what platform you're going to use it. There are multiple sues of bitcoin and I believe that bitcoin is used both as a currency and investment by people. Well comparing bitcoin with gold leads to conclusion that bitcoin is having a clear edge over gold in many aspects. Gold is very much stable in price which means you cannot make an immediate profit with it whereas the case is otherwise for bitcoin. |
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kanayaTabitha
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October 14, 2017, 11:11:39 AM |
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yaa i think no one can beat gold because gold has lived for a long time. and I think bitcoin as a medium of exchange that is now much needed by many people.
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MyIdeas
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October 14, 2017, 11:07:48 PM |
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Bitcoin may be worth more than gold currently, but I believe gold will eventually rise higher as well. Gold has over 10,000 years of history backing it, it isn't going anywhere.
The price of gold is being suppressed by paper gold, at some point in the future when people are no longer fine with accepting paper gold and want the real thing the value of gold is going to skyrocket and when that happens people will wish that they held gold as well, at least we have bitcoin but many people do not have bitcoin or gold. I don’t agree with this because gold has its own value in the world market. It is a solid shape of money. On the other hand bitcoin is a new digital currency and most of the people still don’t even know the name. It is not so easy for bitcoin to replace gold because of the trust and acceptance of the people all over the world. In the future the same will continue although bitcoin will be the mainstream. value are important indeed , but bitcoin are more than just about value , we can see that the current rate between gold and bitcoin are so contrast , bitcoin leading with huge value but it is just make people keep speculating about how they consider it as bubble. bitcoin are a digital money that you can spend it anywhere anytime easily , unfortunately yes only for limited people only while gold are well known already. and that is the big problem. But soon, people will know about bitcoin just like what they did to gold. When the first human was born, I do not think that he did know what gold is and how to use it. Therefore, bitcoin still has many years to prove that it can become gold and replace gold in the future. Bitcoin is better than gold in many ways. It is digital, so basically it cannot be harmed by natural elements like gold. And people right now tend to hold bitcoin just like other are holding gold  That depends on your specific purpose As many have already said (me included), gold and Bitcoin (as well as other cryptocurrencies) are used for different purposes. Gold as coins and bars, on the one hand, is used to store wealth, i.e. as a means of preserving value, while Bitcoin is used for speculation, i.e. for multiplying your wealth (and possibly losing it). As you can see, there is no competition between gold and Bitcoin, and the same investor or speculator can use and keep both without having a lot of cognitive dissonance Gold and bitcoin have nothing common in between. Like you said, both are being used for their own purposes and there is no way that we can make a comparison in between both. If you are talking about the stability, then gold is far more stable in term of market price than that of bitcoin. Whereas in case of profit, bitcoin has actually defeated gold. |
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Sled
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October 15, 2017, 03:29:56 AM |
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Bitcoin may be worth more than gold currently, but I believe gold will eventually rise higher as well. Gold has over 10,000 years of history backing it, it isn't going anywhere.
The price of gold is being suppressed by paper gold, at some point in the future when people are no longer fine with accepting paper gold and want the real thing the value of gold is going to skyrocket and when that happens people will wish that they held gold as well, at least we have bitcoin but many people do not have bitcoin or gold. I don’t agree with this because gold has its own value in the world market. It is a solid shape of money. On the other hand bitcoin is a new digital currency and most of the people still don’t even know the name. It is not so easy for bitcoin to replace gold because of the trust and acceptance of the people all over the world. In the future the same will continue although bitcoin will be the mainstream. value are important indeed , but bitcoin are more than just about value , we can see that the current rate between gold and bitcoin are so contrast , bitcoin leading with huge value but it is just make people keep speculating about how they consider it as bubble. bitcoin are a digital money that you can spend it anywhere anytime easily , unfortunately yes only for limited people only while gold are well known already. and that is the big problem. But soon, people will know about bitcoin just like what they did to gold. When the first human was born, I do not think that he did know what gold is and how to use it. Therefore, bitcoin still has many years to prove that it can become gold and replace gold in the future. Bitcoin is better than gold in many ways. It is digital, so basically it cannot be harmed by natural elements like gold. And people right now tend to hold bitcoin just like other are holding gold That depends on your specific purpose As many have already said (me included), gold and Bitcoin (as well as other cryptocurrencies) are used for different purposes. Gold as coins and bars, on the one hand, is used to store wealth, i.e. as a means of preserving value, while Bitcoin is used for speculation, i.e. for multiplying your wealth (and possibly losing it). As you can see, there is no competition between gold and Bitcoin, and the same investor or speculator can use and keep both without having a lot of cognitive dissonance Gold and bitcoin have nothing common in between. Like you said, both are being used for their own purposes and there is no way that we can make a comparison in between both. If you are talking about the stability, then gold is far more stable in term of market price than that of bitcoin. Whereas in case of profit, bitcoin has actually defeated gold. Gold and bitcoin have in common and that is the price of them that are keep going up every year. You can easily notice that based on the chart of bitcoin and gold that their price is keep going up and that is why a lot of people are loving to put their money in bitcoin and gold because after a few years their money will grow and give higher interests rather than the interest in bank. |
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steveabrahams
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October 15, 2017, 03:34:59 AM |
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yaa i think no one can beat gold because gold has lived for a long time. and I think bitcoin as a medium of exchange that is now much needed by many people.
If the price of bitcoin can keep the price at high price, I think bitcoin will defeated gold. Especially the bitcoin price is keep increasing today, if the price can reach $7k in the end of the year, bitcoin has a big chance to be the next gold or even defeated gold. |
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ramsdaj28
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October 15, 2017, 06:22:36 AM |
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I would like to know how BTC and Gold are compared. Checking only the price seems too simple.
When he said BTC defeated gold, he's referring to the values of these two. In terms of value, bitcoin have really left gold behind. The usability and volatility of BTC is what makes it more preferrable than gold. Bitcoin is a ready-to-use asset especially in buying goods and paying bills. On the other hand, gold is often used in jewelries and local currency coins, and can't be access immediately unless you own a big gold mining company. |
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jaysabi
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★777Coin.com★ Fun BTC Casino!
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October 16, 2017, 03:56:03 PM |
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I would like to know how BTC and Gold are compared. Checking only the price seems too simple.
When he said BTC defeated gold, he's referring to the values of these two. In terms of value, bitcoin have really left gold behind. The usability and volatility of BTC is what makes it more preferrable than gold. Bitcoin is a ready-to-use asset especially in buying goods and paying bills. On the other hand, gold is often used in jewelries and local currency coins, and can't be access immediately unless you own a big gold mining company. It's really arbitrary to consider bitcoin having "defeated" gold simply because the price of a bitcoin started trading higher than an ounce of gold. Why choose an ounce as opposed to a standard gold bar, which is 400 ounces? When trading large quantities of physical gold, you don't measure in ounces, you measure in gold bars. At 400 ounces and the current gold price of $1306 per ounce, a gold bar is worth about $522,400. But comparing the price of a gold bar to a bitcoin is just as dumb a comparison to determine if bitcoin has "defeated" gold, primarily because they're not in competition, and price comparisons are an arbitrary method to determine utility, which is what is ultimately most important in any comparison. |
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putrii
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October 16, 2017, 03:58:21 PM |
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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 of course bitcoin beat the dollar, because total bitcoin its amount is very limited. unlike the dollar that the number of its many, it makes the price very expensive |
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Harbal
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October 16, 2017, 07:53:16 PM |
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yeah bitcoin defeated gold, a calendar year back and now bitcoin has defeated and double the price of gold in it really is personal value and preserve seeking ahead to boost the value of bitcoin in the potential
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triads
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October 17, 2017, 05:16:06 AM |
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yeah bitcoin defeated gold, a calendar year back and now bitcoin has defeated and double the price of gold in it really is personal value and preserve seeking ahead to boost the value of bitcoin in the potential
Classic price vs. market cap misunderstanding. Bitcoin may have a higher nominal price than gold. But when multiplied against the number of units of each, gold still has far more market capitalization... about 50x that of Bitcoin. |
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Emitdama
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October 17, 2017, 01:49:03 PM |
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I would like to know how BTC and Gold are compared. Checking only the price seems too simple.
When he said BTC defeated gold, he's referring to the values of these two. In terms of value, bitcoin have really left gold behind. The usability and volatility of BTC is what makes it more preferrable than gold. Bitcoin is a ready-to-use asset especially in buying goods and paying bills. On the other hand, gold is often used in jewelries and local currency coins, and can't be access immediately unless you own a big gold mining company. Gold is old now. It prices does not rise up. After several years, it makes progress of few dollars. Other than that, can we really have gold? Where is gold? I think it is in the lockers of Rothschild but bitcoin is now owned by anyone and we all can have as many bitcoin as we want to and can buy actually. Digital currencies are the future of money and bitcoin is at top of them. |
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kirilld
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October 18, 2017, 01:35:48 AM |
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As the price of bitcoin is rising working day by working day it will be likely past the gold cost. This is what the foreseeable future of bitcoin will be before long. Â
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joshua10
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October 18, 2017, 12:11:59 PM |
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it's not for me because bitcoin does not keep its price high so bitcoin loses gold with gold because as long as it keeps its price rising so it's less likely to be compared or bitcoin can not be compared to gold bitcoin because the bitcoin knows how much gold is known everywhere you go with gold you can see so there is no equivalent in gold ...
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