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Author Topic: So Bitcoin is better than Gold?  (Read 48711 times)
pushups44
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September 08, 2017, 04:15:28 AM
 #1021

So Bitcoin is better than Gold? Roll Eyes
Wake me up when you can transfer $1 billion worth of gold for $2 in ~10 minutes from any to any location of the world. Roll Eyes







Very interesting graphics. I still think pitting gold vs. bitcoin is the wrong way to approach the two. The advantage gold has is intrinsic value as a tangible form of money. However, bitcoin has some advantages, as noted in the graphics.

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shipon420
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September 08, 2017, 04:25:23 AM
 #1022

Yes.bitcoin better then gold because bitcoin price increase early but gold price not increase.i think bitcoin is best
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September 08, 2017, 04:34:27 AM
 #1023

Yes.bitcoin better then gold because bitcoin price increase early but gold price not increase.i think bitcoin is best

Please check the Bitcoin exchange rates from 2014 to 2016. The rates went down from $1,200+ per coin to around $200 per coin. So you can't say that the Bitcoin exchange rates will increase for ever. And also, you need to remember that gold never had a massive fall in its history, like the 85% decline which Bitcoin had from 2014 to 2016.

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September 08, 2017, 04:46:12 AM
 #1024

So Bitcoin is better than Gold? Roll Eyes

There are some aspects that bitcoin is better than gold and then some when gold is better than bitcoin. It depends on the basis of comparison. When you talk about price then bitcoin is better than gold because bitcoin has thrice the price of gold but when it comes to popularity, gold is better than bitcoin since gold is known by everyone while bitcoin is still new so its not yet that popular. When it comes to traders, I think they would choose bitcoin over gold because a lot of trading opportunities in bitcoin because it is more volatile than gold.

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September 08, 2017, 05:27:02 AM
 #1025

Bitcoin and gold are different in nature values. However, bitcoin is in some ways better than gold due to the fact that its yield is higher.
It is only one reason that you have mentioned here. I am afraid if someone wants to transact a large amount to the other part of the world in case of emergency and he has all the amount in the form of gold, would he be able to do this? My answer is no. But if he had bitcoins, he won't face such situations.

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September 08, 2017, 05:36:22 AM
 #1026

Gold is good at securing long-term legal assets, but bitcoin provides more benefits in various ways and certainly requires a high risk understanding, bitcoin is more complex because of its double role as currency as well as investment asset, therefore gold is considered very far behind, we just need see both as a long-term investment asset.

   
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September 08, 2017, 06:41:31 AM
 #1027

Bitcoin Better than Gold?  Huh

Theory: when it was $1000 the first time, nobody could quite believe what was happening.
So as soon as it started to slip, they bailed.
When it was a few hundred, and started to slip, people said "hey I've already changed $100 into $20,000, better no get greedy!" and bailed.
Now we have lots of people who have bought because they believe it will go up and up and up.
They may be wrong, but their belief matters.
I think yes, bitcoin is far better than gold, because gold cannot be used for buying anything in the world, first you will have to change it in your local currency, then in the required one and then you will be able to use it. On the other hand gold reduces its price with the passage of time, while bitcoin increases its price as the time passes. Gold is not a business and bitcoin with a currency also a business too.

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September 08, 2017, 07:46:44 AM
 #1028

Bitcoin Better than Gold?  Huh

Theory: when it was $1000 the first time, nobody could quite believe what was happening.
So as soon as it started to slip, they bailed.
When it was a few hundred, and started to slip, people said "hey I've already changed $100 into $20,000, better no get greedy!" and bailed.
Now we have lots of people who have bought because they believe it will go up and up and up.
They may be wrong, but their belief matters.
I think yes, bitcoin is far better than gold, because gold cannot be used for buying anything in the world, first you will have to change it in your local currency, then in the required one and then you will be able to use it. On the other hand gold reduces its price with the passage of time, while bitcoin increases its price as the time passes. Gold is not a business and bitcoin with a currency also a business too.
I don't think that gold decreases its price as the time passes because that is wrong and gold is like bitcoin that increases its value or price as the time passes but the only difference is, gold is slower to increase on its price than bitcoin which is faster and one of the most interesting investment and that is why i think bitcoin is better than gold because of how fast it is moving.

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September 08, 2017, 09:06:48 AM
 #1029

Bitcoin is much better in several approaches. The only dilemma, that it is not so steady, but in prolonged terms it displays monster expansion, which gold will never ever see yet again.

The price of Bitcoin has increased tremendously in the past. But that doesn't mean that gold prices are going to stay low for ever. The mine production of gold is declining, and most of the remaining reserves are located in the most remote regions, where profitability is low. And at the same time, the demand for gold is increasing, especially from countries such as China, India and Russia.
Nobody is saying that gold won't increase its prices ever but we are of the point that it is very slow in making value gains and we are living in a fast era. Getting the picture! Honestly tell me, do you think with its present progress speed, it will be able to beat bitcoins ever in this race?

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September 08, 2017, 09:48:53 AM
 #1030

Yes.bitcoin better then gold because bitcoin price increase early but gold price not increase.i think bitcoin is best
For now yes, but we never know what will happen 10 years again, maybe better we divide the investment into some kind, like gold, property, stock and so on. I also believe that the future of bitcoin keeps on improving as more and more large companies are developing bitcoins.

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September 08, 2017, 09:51:01 AM
 #1031

Not yet. Bitcoin at the moment is not better than gold. But will probably change in the future.
Because the bitcoin value is still rising.
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September 08, 2017, 10:06:26 AM
 #1032

Yes.bitcoin better then gold because bitcoin price increase early but gold price not increase.i think bitcoin is best

Please check the Bitcoin exchange rates from 2014 to 2016. The rates went down from $1,200+ per coin to around $200 per coin. So you can't say that the Bitcoin exchange rates will increase for ever. And also, you need to remember that gold never had a massive fall in its history, like the 85% decline which Bitcoin had from 2014 to 2016.
I think that's the risk of bitcoin, fluctuation can be a scourge and can also be a benefit for users. when fluctuations really go crazy like down to more than 50% you should be able to try to be patient because that's the key to investing in bitcoin, it's very risky but profitable if you want to be patient, but if you're not ready with it you can choose to invest in gold



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September 08, 2017, 10:17:57 AM
 #1033

No. Maybe in a decade but currently not really. We saw how the value of bitcoin rises and falls. That is not something you look for if you are investing for a long term. With that said however, if bitcoin reaches a stabilized price point, then we might see this happening.



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September 08, 2017, 12:19:23 PM
 #1034

I think so...
day by day Bitcoin is becoming a popular currency across the world. it has provided already a huge price value so that people have been financially benefitted from this platform. that is why bitcoin is gaining it grounds day by day. on the other hand, Gold is losing its demand in the market because of its price value. on the contrary to Bitcoin is getting a high profitable value.

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Darwintas
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September 08, 2017, 12:27:54 PM
 #1035

I wont say it is better than gold because gold is still gold bitcoin is just money you can pay with bitcoin but you cannot pay with gold.
Ronni
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September 08, 2017, 04:26:28 PM
 #1036

So Bitcoin is better than Gold? Roll Eyes
Wake me up when you can transfer $1 billion worth of gold for $2 in ~10 minutes from any to any location of the world. Roll Eyes






Bitcoin is better than gold because you can easily convert it.
Not like gold, you need certain requirements and you need to fill up some forms to convert your gold.
And lastly, bitcoin is obtained easier than gold.
hamidme009
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September 08, 2017, 04:32:01 PM
 #1037

So Bitcoin is better than Gold? Roll Eyes
Wake me up when you can transfer $1 billion worth of gold for $2 in ~10 minutes from any to any location of the world. Roll Eyes

http://www.dugcampbell.com/wp-content/uploads/2014/12/Traits-of-Money.png

https://getabitcoin.files.wordpress.com/2014/04/goldvsbitcoinvsdollar.png


Bitcoin is better than gold because you can easily convert it.
Not like gold, you need certain requirements and you need to fill up some forms to convert your gold.
And lastly, bitcoin is obtained easier than gold.

Of course btc is better than gold due to its price. And also it is safe to keep it with you. It could not be stolen. There is no need of bank to keep it safe.
buddynuno
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September 08, 2017, 04:36:29 PM
 #1038

I don't think Bitcoin is better than gold, simply because of the fact that if by any chance the internet shutdowns Bitcoin is basically useless using the current technology while gold is a physical storage of "wealth". But in the end neither gold nor Bitcoin is going to buy you food if World War 3 hits and we start to starve. Food will be the new gold as we need to go back to our basic necessities to survive.




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ALL YOU NEED IS LOAN





















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millionaireshs
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September 08, 2017, 04:54:28 PM
 #1039

So Bitcoin is better than Gold? Roll Eyes

Practically speaking, bitcoin is much better in our time. We are in the digital age where everything is exposed to technology. Unlike Bitcoin, Gold is naturally occured and will be gone soon. Bitcoin now is very popular most especially because it is made possible by internet.
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September 08, 2017, 04:57:35 PM
 #1040


I choose bitcoin,
I think gold is a woman's jewelry: P and good for women investing for gold.
but I prefer bitcoin in any way.

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