Bitcoin has defeated gold

[alani123]

Gold will be one of the assets with the greatest market capitalization throughout history, sadly. The quantity it has is so enormously large so it'd be hard to claim that bitcoin has defeated it by any reasonable capacity. Bitcoin sure does better in other means like transactions per day or daily transaction value but not by total size.

[nagatraju]

gold will always remain the most expensive and reliable metal, bitcoin is still the best cryptocurrency...it's better not to compare them, but to take advantage of them

[Apes]

I don't know why some people thinks this is nothing in bitcoin perspective. Bitcoin already surpassed Gold price per oz. which means this is another milestone in the young history of bitcoin. So if you can't appreciate it and you call yourself bitcoin enthusiast then I don't know what will make you jump for joy.

bitcoin surprises are incredible lately and the price is rivaling the price of gold but it is impossible to beat it, because it is a state asset that will never run out of antiquity while bitcoin is only a few years in the world and make everyone surprise because of its value which is very high .. but we will not know in the future what bitcoin will be immortal like gold or not and it can not be predicted but it's hope everyone who use it, because bitcoin is very helpful to finance those who use it.

[badungs]

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 dont think so.
but you are right because bitcoin price can defeat gold. just price.
you ever hear about people ask about "can gold disappear from this world?" no man. every object have their advantages and disadvantages. and we just see and use the advantages of it

[dobladi]

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.

Not so fast
 Well, that's right, Bitcoin has now a much larger market capital and market value compared to gold but in my opinion it is not enough. Gold is still a better investment compared to Bitcoin in the eyes of most people since Gold is legal to most of the countries and it has a more stable market value.

[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.

Not so fast
 Well, that's right, Bitcoin has now a much larger market capital and market value compared to gold but in my opinion it is not enough. Gold is still a better investment compared to Bitcoin in the eyes of most people since Gold is legal to most of the countries and it has a more stable market value.

Well, Bitcoin is also legal. And why would it be illegal? The only places that makes it  illegal are those countries that have banned Bitcoin, so the rest is fine. Gold? Meh, its a tangible thing, I know gold has so many advantages over Bitcoin (excluding the price that is), because it existed before Bitcoin, so many people trust Gold.

But in a more innovative sense of investment, we need to step in to a more advance way of making profits. Its easy to mine, and not so hard to manage. Besides its price is a skyrocket, many investors are already hooked in this currency, not only that they already have a lot of profits, so why investing in the 'traditional' stuffs. Its the digital age already.

[Thavite71]

Now 1BTC can  buy you a lot of gold but if Big war happen you will lost your money and gold will have high value.

so for now bitcoin better , future Gold

[JCLee]

At present Bitcoin prices have increased 10 times compared to Gold, which is a miracle growth in less than a year. The time you post this post is March 2017, BTC price ~ $ 1000 that until now is December 2017, BTC price has exceeded $ 11000. I am really surprised by this rapid growth. 

[ross09]

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, moreover I think this is just the price of one ounce. This is like if we referenced to the price of one millibitcoin.

bitcoin might defeat gold in the future but A Big NO now a days it maybe  equal in price sometimes but bitcoin never going to surpass gold..its just like you are comparing the achievements  of legend to the rookie..specially now that bitcoin still have issue when it comes to securing your coins when ever troubles may happens..

[hermanrz]

But still invest in gold because it is a long-term investment. So don't worry about the price difference is high

[jagmrx]

I don't know why some people thinks this is nothing in bitcoin perspective. Bitcoin already surpassed Gold price per oz. which means this is another milestone in the young history of bitcoin. So if you can't appreciate it and you call yourself bitcoin enthusiast then I don't know what will make you jump for joy.

bitcoin surprises are incredible lately and the price is rivaling the price of gold but it is impossible to beat it, because it is a state asset that will never run out of antiquity while bitcoin is only a few years in the world and make everyone surprise because of its value which is very high .. but we will not know in the future what bitcoin will be immortal like gold or not and it can not be predicted but it's hope everyone who use it, because bitcoin is very helpful to finance those who use it.

I do not think gold can be surpassed by Bitcoin or anything. Gold and Bitcoin are two very different things. The price of gold will never come down, no matter what. The price of gold can only go down during a very rare economic crisis. But the price of Bitcoin can go down anytime. The price of Bitcoin is increasing very high, sharp, and drastic, but it can not beat gold. If I were a rich man with lots of money, I would choose to buy gold and silver instead of Bitcoin. That's because gold and silver are definitely profitable than Bitcoin. We still do not know what will happen to Bitcoin prices in the future due to technological developments.

[szpalata]

But still invest in gold because it is a long-term investment. So don't worry about the price difference is high

It makes no sense at all to even say that bitcoin has defeated gold, how is that possible ? on what grounds? The two commodities are just not comparable and it is best if we live each to be because bitcoin cannot be measured physically like gold  to merit any decent comparisons.

[zxl912157]

But still invest in gold because it is a long-term investment. So don't worry about the price difference is high

Gold is relatively stable, but bitcoin is different. just look at this year is the highest price of bitcoin.
It is very risky for bitcoin holders and all risks are self-acceptable to the holder.

[hermanrz]

But still invest in gold because it is a long-term investment. So don't worry about the price difference is high

It makes no sense at all to even say that bitcoin has defeated gold, how is that possible ? on what grounds? The two commodities are just not comparable and it is best if we live each to be because bitcoin cannot be measured physically like gold  to merit any decent comparisons.

I agree with the opinion you that gold and bitcoin, are two different commodities. Therefore, invest into bitcoin and also gold. Because it is equally worth the price.

[Happiest]

With the price of Bitcoin now and how fast it is increasing quickly, we may want to say that it indeed may have defected Gold but please let's not be too conclusive.Reason been that both are seen as  an assets and has their importance and role to play in economy and individual lives.
Guys, no matter how expensive and speculating bitcoin may become, Gold will still be indirectly ruling. Because it has been with us for centuries.

[btc_angela]

With the price of Bitcoin now and how fast it is increasing quickly, we may want to say that it indeed may have defected Gold but please let's not be too conclusive.Reason been that both are seen as  an assets and has their importance and role to play in economy and individual lives.
Guys, no matter how expensive and speculating bitcoin may become, Gold will still be indirectly ruling. Because it has been with us for centuries.

Defeated not defected.

How can you not be conclusive here, the price of bitcoin is above $11K already. That's conclusive to me. But in terms of store of wealth or asset, both are good. Gold has its advantage and already proven many times in history as the best investment to hedge, specially in terms of disasters like war or economic turmoils. As for bitcoin, we still haven't seen cases except for the Venezuelan and Zimbabwe crisis, but bitcoin is also doing very good in that country. Gold will be there as always, but people have alternatives like bitcoin to put their wealth and used it as a store of value or asset.

[Wowcoin]

If we talking in the price yes bitcoin defeated the gold. One bitcoin now in our country is half million that so expensive so i think only people have money can buy it but gold is have also value but not much expensive so regular people can invest in gold also.

[Flexibit]

Yes, bitcoin has defeated gold FOR NOW. Gold is considered as a long-term investment and it cannot really be compared to Bitcoin. Gold is tangible and has been in the world for a very long time while Bitcoin on the other hand is an intangible product and definitely not older than gold. Each has its own pros and cons. And nobody can tell if bitcoin will continue to defeat gold in the long run.

[Batmain]

This means nothing, instead you should probably compare the marketcap. where the gold marketcap is currently $7,422,335,235,457 (yes trillions) and bitcoin is 20$ billion. Gold exists for thousands of years now and It won't simply lose It value because bitcoin came to life. In my opinion, nothing could actually beat gold and silver, no matter how much year passes.

Even up to now BTC is still far from gold. Because gold is a reserve this will take time before BTC will even reach that heights, BTC must be at least 700k$ in order to overtake golds market cap. Let's wait for another 10 years if the cryptocurrency boi (BTC) can dethrone one of the most adopted metal in the world (Gold).

Time will have an answer on this but before that happens as I'm wring this BTC's price is slowly catching up and the really is still going strong.

[karabasss]

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.

At a price, but on demand and reliability there. Gold is very stable and inspires more confidence than bitcoin with its huge volatility and uncertain future. So this is a Pyrrhic victory.