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Author Topic: Bitcoin has defeated gold  (Read 28561 times)
elloco4ever
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January 26, 2018, 10:06:33 PM
 #1101

Bitcoin defeated gold ? LOL  Grin
Bitcoin's price is going upside down all the time when gold is pretty stable and staying expencive all the time.
I think that bitcoin need more time...

Bitcoin and gold cannot be compared as these two represents two completely different domain and one can give you sudden gain or lose other is stable and gives you slow gains which is not worth waiting for long time I don't understand why people compare bitcoin and gold these are not related to each other.

Yes I do understand that these two cannot be compared as they serve different interest but at the end of the day both are used as a token of investment hence it's obvious to compare between gold.and bitcoin to know which one is worth if more investment for a better return.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Oggy Pogi
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January 26, 2018, 10:14:58 PM
 #1102

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 that based on your information gathered and have put into your post, it can be clearly seen and stated that Bitcoin have already surpassed or crossed over gold in terms of price but it is not the only we must consider because when it comes to stability of the price, still people trust gold rather Bitcoin because they can see that it has much more capacity to keep their money on a high price for gold holders and I think people who have been using Bitcoin also thinks the same thing on Bitcoin.

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January 26, 2018, 10:31:37 PM
 #1103

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 that based on your information gathered and have put into your post, it can be clearly seen and stated that Bitcoin have already surpassed or crossed over gold in terms of price but it is not the only we must consider because when it comes to stability of the price, still people trust gold rather Bitcoin because they can see that it has much more capacity to keep their money on a high price for gold holders and I think people who have been using Bitcoin also thinks the same thing on Bitcoin.
I don't think that the price is the natural basis for surpassing something because even though the price of bitcoin was cheaper than gold, i think that it already surpass the gold because of the technology that the bitcoin have and the gold doesn't have and that give a lot of difference from those two which separates those two into different type of asset which makes bitcoin superior over gold.
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January 26, 2018, 11:25:16 PM
 #1104

I think It's not easy. Gold is the most efficient asset in the world and people want gold everytime in the history. Because gold is meaning glory and wealth. Bitcoin or any other cryptocurrency not. Roll Eyes
Yes that is true, bitcoin is surely more stronger than gold and right now bitcoin is the king and i think gold has no chance on bitcoin because in the future bitcoin is we will more great and i know the value of it is we will surely pump more high and in that way gold has no chance to beat bitcoin.
Very honestly although we can see that bitcoin has overcome gold as compare to their price but still it is not right to say that bitcoin is more stronger than gold,  As gold has a very stable price and we can see a very little change in the price of gold even after years therefore we can say that gold has still very strong position as compare to any crypto currency.

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ashlyvash00
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January 27, 2018, 02:39:55 PM
 #1105

   I agree that bitcoin defeat gold.Because bitcoin now has great price and its increasing everyday while gold its increasing so slow and a tiny increase price not like bitcoin huge price increase.i think if you lucky bitcoin will increase 500$ in a week or day
bryant.coleman
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January 27, 2018, 03:05:03 PM
 #1106

In order to defeat gold, first Bitcoin needs to achieve the same level of popularity and user-base as that of its rival. But as of now, Bitcoin is far behind gold in terms of these parameters. Bitcoin is having around 100 million users, while gold is estimated to have more than 2 billion users.

   I agree that bitcoin defeat gold.Because bitcoin now has great price and its increasing everyday while gold its increasing so slow and a tiny increase price not like bitcoin huge price increase.i think if you lucky bitcoin will increase 500$ in a week or day

No wonder that you are having a Merit of 0. If you make shitty posts like this, then soon you will be having a Merit in negative.
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January 27, 2018, 03:18:04 PM
 #1107

of course bitcoin has defeated the gold in the business market. The rate of generation rate of money of the bitcoin is high then gold in a specified time. The user of the bitcoin are so many time of the gold. Gold user are limited while bitcoin user are unlimited and growing day by day.

Gold is universally recognized as a store of investment. Bitcoin is not. Gold is generally less volatile than Bitcoin.  Gold has wider adoption. Gold has a longer history. Gold has electronic capabilities and derivatives (on par with Bitcoin). The only advantage that Bitcoin has over gold is ease of use for value transfer, but that's not much since Bitcoin is very expensive to transact in now compared to what it used to be. So on the whole, Bitcoin has not defeated gold. It's a ridiculous assertion.

musdafakfl
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January 27, 2018, 09:49:21 PM
 #1108


Hello, how do you look at this, but look at the world how much bitcoin will be available in the world and how much gold is in the world?
Rollex
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January 27, 2018, 09:59:58 PM
 #1109

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.
Well now, you now have to believe that based on the price comparison between Bitcoin and gold, Bitcoin has already surpassed the price of gold. But if you will admit, many people are still into seeking more gold than Bitcoin because of its stable price to be compared than having Bitcoin that maybe yes has the potential to grow but not stable so we cannot still claim that Bitcoin have already defeated gold.
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January 27, 2018, 10:22:04 PM
 #1110

   I agree that bitcoin defeat gold.Because bitcoin now has great price and its increasing everyday while gold its increasing so slow and a tiny increase price not like bitcoin huge price increase.i think if you lucky bitcoin will increase 500$ in a week or day

So what about the people that purchased bitcoin at nearly $20k?

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January 28, 2018, 10:13:12 AM
 #1111

I would totally agree with this opinion of yours if it is about the biggest number of persons who has access and can make money. But you are giving important here is the amount of bitcoin and gold. We can not deny that bitcoin is very expensve now compare to all cryptocurencies, but gold will remain the most expensive one when and aside from that there will never be a chance for it to lose the value but only few people have an access to it compare with bitcoin. So bitcoin is more accessible than gold and that is one of bitcoin's advantages.
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January 28, 2018, 10:39:05 AM
 #1112

of course bitcoin has defeated the gold in the business market. The rate of generation rate of money of the bitcoin is high then gold in a specified time. The user of the bitcoin are so many time of the gold. Gold user are limited while bitcoin user are unlimited and growing day by day.
For me i think there is no comparision of both. Although gold stability will be better to compare real products you see in daily life but bitcoin is best stock in the world according to me because price value of it. We need to check the ounce of gold rare with bitcoin. It's value is more than a ounce of gold now. I suggest you to invest on btc to see the better profit than gold.
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January 28, 2018, 10:50:40 AM
 #1113

The value of cryptocurrency is now higher than gold, this is due to the high demand in China is soaring.
Bitcoin itself often experience high fluctuations up to the range of 1238.11 US dollars and the price of gold itself reached 1.237.73 US dollars / troy ounce.
MiF
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January 28, 2018, 10:53:34 AM
 #1114

of course bitcoin has defeated the gold in the business market. The rate of generation rate of money of the bitcoin is high then gold in a specified time. The user of the bitcoin are so many time of the gold. Gold user are limited while bitcoin user are unlimited and growing day by day.
For me i think there is no comparision of both. Although gold stability will be better to compare real products you see in daily life but bitcoin is best stock in the world according to me because price value of it. We need to check the ounce of gold rare with bitcoin. It's value is more than a ounce of gold now. I suggest you to invest on btc to see the better profit than gold.
Yes i believe that the two has really a big difference in terms of price  and physical appearance  we cannot really compair the bitcoin to gold because bitcoin has its own way of gaining for me   i believe that bitcoin really defeated gold only in terms of gaining profit through investing and trading.


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nezto77
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January 28, 2018, 12:40:53 PM
 #1115

of course bitcoin has defeated the gold in the business market. The rate of generation rate of money of the bitcoin is high then gold in a specified time. The user of the bitcoin are so many time of the gold. Gold user are limited while bitcoin user are unlimited and growing day by day.
For me i think there is no comparision of both. Although gold stability will be better to compare real products you see in daily life but bitcoin is best stock in the world according to me because price value of it. We need to check the ounce of gold rare with bitcoin. It's value is more than a ounce of gold now. I suggest you to invest on btc to see the better profit than gold.
Yes i believe that the two has really a big difference in terms of price  and physical appearance  we cannot really compair the bitcoin to gold because bitcoin has its own way of gaining for me   i believe that bitcoin really defeated gold only in terms of gaining profit through investing and trading.
I did not expect that the price of Bitcoin can beat the price of gold, But in the past few months I've just learned and
feel that the price of Bitcoin is so phenomenal and volatile, while the price of Gold is more stable.
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January 28, 2018, 12:53:13 PM
Last edit: January 28, 2018, 06:14:17 PM by removebeforeflight
 #1116

Bitcoin and gold is two different investment and profit earner, bitcoin is digital or virtual currency and gold is a ready physical product. However, if you compare their price and growth, yes bitcoin is phenomenal and gold is slow and steady profit maker I would say. Personally I would invest 75% of my fiat into bitcoin and 25% into gold, but each one has their own ratio of investment and growth, that is up to each individual.
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January 28, 2018, 12:57:33 PM
 #1117

Gold is still the safer than Bitcoin, this price can still go down because of how volatile Bitcoin is. So Bitcoin cannot categorically say it has defeated gold

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January 28, 2018, 01:27:34 PM
 #1118

of course bitcoin has defeated the gold in the business market. The rate of generation rate of money of the bitcoin is high then gold in a specified time. The user of the bitcoin are so many time of the gold. Gold user are limited while bitcoin user are unlimited and growing day by day.
For me i think there is no comparision of both. Although gold stability will be better to compare real products you see in daily life but bitcoin is best stock in the world according to me because price value of it. We need to check the ounce of gold rare with bitcoin. It's value is more than a ounce of gold now. I suggest you to invest on btc to see the better profit than gold.

Why is an oz of gold directly comparable to 1 bitcoin?

Why not a grain, gram, oz, troy oz. tael, tola, kg or tonne?
SHOSHI ISLAM 5
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January 28, 2018, 01:38:53 PM
 #1119

Well, gold is not more than Bitcoin. gold, gold bitcoin, bitcoin. Sonar mine is but not bitcoin mine. I do not really care really bitcoin is worth more than gold whether I really do not profit from myself or gold
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January 28, 2018, 02:24:11 PM
 #1120

Yes he can defeat gold, becuase bitcoin is valuable, it can easy defeat bitcoin, i hope someday bitcoin can help other people who want to earn it.
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