Bitcoin has defeated gold

[Wong Gendheng]

If we measure from profit, I do not think it's just gold that is defeated bitcoin but all kinds of investments are defeated bitcoin. There is no commodity that can generate profits up to tens of percent in 3 days, but with bitcoin it is easy.

[bitofc]

Blockchain technology can work together very well with gold investments.

https://bitcoinmagazine.com/articles/gold-blockchain-how-two-blockchain-startups-are-digitizing-gold-investments/

To provide easier access to gold and at a lower cost, several fintech startups are leveraging blockchain technology to digitize gold to open the gold market up to private investors.

[etherflyerofficial]

I dont think  Bitcoin has completely defeated Gold. The number of people holding Gold is more than people holding Bitcoin! Even majority of Government are holding gold!

[mx667]

Hold your horses guys. Gold has been sought after for centuries and has survived the test of time while Bitcoin is the new kid on the block. Bitcoin has potential but it needs to prove its mettle first. Today we are progressing slowly which is great but the future might have other plans for us. Bitcoin is gaining ground that's for sure.

I do not know if Bitcoin really beat gold. Nor do I know whether the gold price will always go up like home prices and Bitcoin prices. If the price of gold still rises every year, I think it does not matter if we keep investing into gold. But for someone like me, I do not want things that are too much trouble. For me, Bitcoin investment is very enough for me and fairly easy and simple.

We just sit in front of the computer while collecting Bitcoin or buy Bitcoin. Then we sell at a high price and we can profit. It can all be done inside the house without having to do any work.

[theotherguy1]

Blockchain technology can work together very well with gold investments.

https://bitcoinmagazine.com/articles/gold-blockchain-how-two-blockchain-startups-are-digitizing-gold-investments/

To provide easier access to gold and at a lower cost, several fintech startups are leveraging blockchain technology to digitize gold to open the gold market up to private investors.

Wow that's pretty neat!

[Savemore]

This are good news, the situation is strange. I wonder what would think those man who died in the gold fever, i'm sure that they have some regrets. I hope the price will keep go upside.

Holding gold is not that bad, you are holding something that is going to keep his value for a very long time and also the price of gold has a tendency to correct itself every time there is an economic crisis, I think bitcoin has the capacity to do the same but we are not going to know if that is correct until it happens.

The debate between bitcoin and gold is still not finished. There are people who says bitcoin is more better than gold, and there are also people who says gold is more better than bitcoin. For me, both of them are really profitable. I invest my money in bitcoin and gold.

[_Dawid_]

It has happened much faster than we all have expected. The price is also so expensive and is growing fast mainly because current trend on bitcoin. By the way the total amount of available gold is much bigger then btc so to have the real view on that situtation you should previously make a little mathematic equation. Instead of that the price in unbelieveable.

[bambazamba]

In terms of value, you can say yes Bitcoin has defeated gold. But overall if we see on the wide perspective Gold still rules the market and there are probably many reasons for it like, Gold is illegal in every country and is widely in circulation for a long time, also gold is widely accepted by people as compared to Bitcoin, gold can be used at offline stores but transactions are traceable whereas in Bitcoin it becomes untraceable. If Bitcoin becomes more popular it may defeat Gold in every perspective.

[3la9l_kolbaCa]

like ive said in my many post there are so many investors in this kind of cryptocurrency and a very very long time ago the bitcoin currency  defeated gold, the price now of the bitcoin is like it can buy a ferrari car in just a few months, while gold is just a manipulated material by the government.

[georgiyfo]

I not fond of comparing the value of gold from bitcoin. Of training course they have the very same similarities like keep of worth, but I don't consider that cost is one particular of the ideal tool to evaluate them equally. Gold has been with us for hundreds of many years and been employed as hedge by a lot of nations during generations. There are no wars that doesn't concerned gold as hedge or payments for other nations around the world in trade of supplies utilized in war or even foods. While bitcoin is nevertheless young and its a digital forex, and not even recognized by a good deal of nations around the world yet. So we will not know how it could be useful during economic collapse or war which gold had presently verified via time. It truly is very good to see the price of bitcoin is earlier mentioned gold now, but we do not want to evaluate them. IMHO.

[Mukulislam]

Yeah, Bitcoin has defeated the gold.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.

[blckhawk]

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 indeed that it is worth to spend your time and effort in bitcoin because it will give you a high income. It is true that bitcoin is powerful however, I don't think that bitcoin can beat gold because still gold is the way of determining the economic status of one's country. Both of them has their own advantages and disadvantage so it is not right to compare those two. Anyway just like you have said nothing can stop bitcoin, it has a long way to run so we must trust upon in and we will gain a high profit.

[cinchin]

This are good news, the situation is strange. I wonder what would think those man who died in the gold fever, i'm sure that they have some regrets. I hope the price will keep go upside.

Holding gold is not that bad, you are holding something that is going to keep his value for a very long time and also the price of gold has a tendency to correct itself every time there is an economic crisis, I think bitcoin has the capacity to do the same but we are not going to know if that is correct until it happens.

The debate between bitcoin and gold is still not finished. There are people who says bitcoin is more better than gold, and there are also people who says gold is more better than bitcoin. For me, both of them are really profitable. I invest my money in bitcoin and gold.

- Both are profitable but now the value and profit of bitcoin have beaten gold, gold has been the past, many people invest in gold just because it is a safe and profitable investment in the long run but profitability can be said to be too low.
- I do not think anyone would say gold better unless they do not know and have no clear knowledge of bitcoin, the purpose of the investment is profitable, gold can not bring big profits similar to Bitcoin, so we need not compare too much, we also know bitcoin better than gold

[0x6A]

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 indeed that it is worth to spend your time and effort in bitcoin because it will give you a high income. It is true that bitcoin is powerful however, I don't think that bitcoin can beat gold because still gold is the way of determining the economic status of one's country. Both of them has their own advantages and disadvantage so it is not right to compare those two. Anyway just like you have said nothing can stop bitcoin, it has a long way to run so we must trust upon in and we will gain a high profit.

Gold has stopped determining the Economic status of a country for a very long time now.

[BitcoinMarketer39]

for the moment I agree bit coin has beat gold, but to the infestation of the long term I still prefer gold.

well i think bitcoin has already defeat gold in terms of investment because tge price of the gold is really not the same as tbe price of the bitcoin bevause bitcoin price is verry volatile and it is really a profitable if we invest on bitcoin because its price is really amazing it can change  anytime anywhere unlike gold,gold price are not volatile it count a lot of year to rise and it count many years to fall.i believe that in terms of gaining profit through investment bitcoin is the best.

In the future it was clear that bitcoins can really surpass gold's value because there are a lot of miners all over the world that continue's to mine and hold their coins. Bitcoins is the mainstream today because of its value.

[Gotottack]

I think so too because Bitcoins is READILY converted to cash unlike that of gold that cannot be converted to cash in an instant without having to sell the same to get its equivalent value in fiat. In Bitcoins, it is fiat for itself because it plays as a currency, just that it is a digital currency; hence, its value can be converted at any time.

We have to have the ability to compare and contrast both to determine which among the two is King as of writing. 

[stompix]

well i think bitcoin has already defeat gold in terms of investment because tge price of the gold is really not the same as tbe price of the bitcoin bevause bitcoin price is verry volatile and it is really a profitable if we invest on bitcoin because its price is really amazing it can change  anytime anywhere unlike gold,gold price are not volatile it count a lot of year to rise and it count many years to fall.i believe that in terms of gaining profit through investment bitcoin is the best.

What do you mean by btc has defeated gold because the price is higher?
What price?
Is one btc worth more than a ton of gold? Or a kilo? Or a lingot Or a bar?
People compare and artificial number , the ox , while there are 600 million Europeans who have no clue what an oz is since we use the metric system.

Comparing a currency to a commodity is beyond stupid.
Has oil defeated the dollar? Or apple the euro?

Gold has stopped determining the Economic status of a country for a very long time now.

This.
Gold is so irrelevant nowadays comparing to the size of the global economy.
The entire value is slightly above 2 trillions. Almost 20 times lower than the western world annual gdp.

I think so too because Bitcoins is READILY converted to cash unlike that of gold that cannot be converted to cash in an instant without having to sell the same to get its equivalent value in fiat.g. 

You make absolutely no sense.
Can you sell bitcoins without having to sell some?

[ymirymir]

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 think that it already did, bitcoin price is now at $6,000 and it will grow more because more and more people are getting interested on bitcoin and it will keep growing because people are investing in bitcoin.

[Active0303]

Now bitcoin defeated gold the price of bitcoin now is more than gold and we can see how much the value now of gold. If i were you do invest more in bitcoin to get more income.Recently bitcoin price is high(1 Btc=7423$ up)

[Xember]

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 already defeated gold because bitcoin costs almost $7500 today. It already surpassed gold. Bitcoin is now the best long-term investment. A lot of people were able to change their life because of bitcoin. People earned a lot of income just by holding and investing bitcoin. Bitcoin price will continue to increase because more and more people are investing bitcoin as days pass by.