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Author Topic: So Bitcoin is better than Gold?  (Read 46854 times)
Sithara007
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September 10, 2017, 03:59:26 AM
 #1061

So Bitcoin is better than Gold? Roll Eyes
I can say bitcoin is better than gold becuase bitcoin is so much important it will use to pay our debts or paying bills or financial income . and the value is going to increase and i think soon many people got interest to use this becuase of the value so i think bitcoin is better than gold.
Because of the possibility to make a lot of money in bitcoin then it is the key to solve our financial problems and because of bitcoin we will be able to reach the financial freedom at earlier stage of our life while if we will just depend on gold then it will not be easy for us to become rich because the price of gold seems like stable and slow.

But how can you say that the exchange rates of Bitcoin will go up forever? There is also a chance that it can decline to below $1,000. Do you remember what happened during 2014-2016? The exchange rates dived by more than 85%, declining from $1,230 per coin to just above $200 per coin. And trust me, it can happen again in the future.

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September 10, 2017, 04:12:25 AM
 #1062

Bitcoin is far better than gold. Bitcoin has a high value, easy to transfer, easy to carry, secure in wallets with 2 way security. Whereas gold is not much valuable as bitcoin is. And gold needs physical space

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September 10, 2017, 04:19:58 AM
 #1063

In my opinion, bitcoin is not better than gold, maybe they are similar in a unique way, and bitcoin is new gold for the new era, like the old days if you save gold, you will be millionaire in just a few decades. Just like today's bitcoin if you save, invest or buy it can make a lot of money if you know the process. Bitcoins and gold may not have the same price but they are really important in the economy of a country.

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September 10, 2017, 04:23:52 AM
 #1064

So Bitcoin is better than Gold? Roll Eyes

Absolutely yes Bitcoin is better than gold with the current price of $4,138+ and continuously increasing no doubt that bitcoin is better than gold. Keeping a bitcoin is a very good investment because of the high profit we will gain from it.

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September 10, 2017, 05:15:12 AM
 #1065



 So Bitcoin is better than Gold? Roll Eyes



Why it would not. It has already shown its potential through these years by overtaking the market cap of gold. I'm just wondering if bitcoin price keeps increasing like this then there will be one day when gold will look like dust on the earth and bitcoin would be that earth. Lols.


Bitcoin is having that much potential and as we can see popularity is increasing daily with new people and investors moving into digital world. The net effect would be more volume driven into bitcoin trade and indirect pumping of it and altcoins too. As whole crypto currencies are having better future than gold for sure.




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September 10, 2017, 06:59:22 AM
 #1066

In my personal opinions and reasons, of course yes bitcoins is better than gold base on my trading activity, on bitcoins trading activity i could used arbitrase strategy to getting profit, i could sold the bitcoins to other exchangers that has different the price, it is fast way to getting profit without analisys technical too much, this strategy of trading will be difficult to be applied on the gold because of the rules on every countries are different include the tax and other even it can be done will needs much time. But on bitcoins it is very easy and fast.

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September 10, 2017, 07:09:38 AM
 #1067

Actually we can not say who is better because gold and bitcoin have different advantages and disadvantages. Bitcoin has a lot of advantages because it is very potential, the price is high and increasing over time, bitcoin also attracts many investors, but it also has the disadvantage as the time to accept the transaction is quite long High transaction fees can not be used everywhere and have not been accepted by governments of many countries

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September 10, 2017, 10:16:17 AM
 #1068

As of now there is no such meter that can measure for which is better or not. So we can't judge anyone who has their own opinion. And this is my opinion, in terms of investments, security, and speed of transactions, bitcoin has surpassed gold. Same as the price and it's divisibility, for you can't "easily" divide an ounce of gold in 1 is to 1,000,000 and distribute it to others easily.  Grin. And most of all not anyone of us can use gold, how would you know if it's fake if you are not an expert of it? So for me i would prefer bitcoin over gold in terms of all those parameters.

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September 10, 2017, 10:29:30 AM
 #1069

I think bitcoin is better than gold in the sence that it can easily be transferred and harder to be stolen because it has no physical appearance and hacking bitcoin can not be done. Also bitcoin is better when it comes to value because it's value is rapidly increasing. But when it comes to accessories, gold is better because it has physical appearance and can be used as earing, ring, necklace, etc. unlike bitcoin it has no physical appearance. So basically both of them has uniqueness and has advantages.

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September 10, 2017, 10:33:54 AM
 #1070

So Bitcoin is better than Gold? Roll Eyes
Yeah i think bitcoin is betted than gold. Compare to its price,demand and supply. Bitcoin now is 4000$ but gold is lower than that and bitcoin is very famous now and use for buying and paying stuffs, bills and other needs of an individual.
                          

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September 10, 2017, 11:28:12 AM
 #1071

Both are good, but gold is still better and older. There's why:
Gold is used from 5000 years when Bitcoin only for few years.
You can use it in emergency for example war.
You don't need internet connection.
You can use it to make electrical wires and jewelry.
Bitcoin advantages:
It has bright future.
Awesome for trading.
And investing.
Need internet and electricity.
But one disadvantage:
Can't be used during emergencies. (see up)
This is why gold is better than Bitcoin. We can make physical emergency Bitcoins too but blockchain can be ruined if all hard disks with bitcoin blockchains get destroyed. The only way to shutdown Internet is to shutdown every single server in the world. In post-apocalyptic world we can restore Bitcoin with 56k modems (if documentations will survive).
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September 10, 2017, 01:12:27 PM
 #1072

So Bitcoin is better than Gold? Roll Eyes
Yeah i think bitcoin is betted than gold. Compare to its price,demand and supply. Bitcoin now is 4000$ but gold is lower than that and bitcoin is very famous now and use for buying and paying stuffs, bills and other needs of an individual.
                          

How can you compare two to hints without a unit of measurement? Put the argument in th right perspective, Bitcoin is just higher in value than an ounce of gold not a kilogram of gold and so I expect you to state the amount of gold you are comparing with than just make a vague statement that gold is lower than Bitcoin.

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September 10, 2017, 01:58:43 PM
 #1073

So Bitcoin is better than Gold? Roll Eyes

yes bitcoin is better than gold, we know that if we can have gold if we buy if we don't have money to buy so we don't have gold. while in bitcoin we can use bitcoin to buy gold. but we know that gold is important to our economy because we don't have gold it has a chance to fall down the transaction of the market. but  it so hard to have gold if we dont have money, right.

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September 10, 2017, 02:12:54 PM
 #1074

So Bitcoin is better than Gold? Roll Eyes
Yeah i think bitcoin is betted than gold. Compare to its price,demand and supply. Bitcoin now is 4000$ but gold is lower than that and bitcoin is very famous now and use for buying and paying stuffs, bills and other needs of an individual.
                          
In my opinion, Gold is better than bitcoin for the reason that gold has been there in ages and its value has continue to rise as time goes by unlike bitcoin who's just less than a decade when it first emerge. One of the factor why i think gold is better than bitcoin is the volatility, Bitcoin's price has a tendency to suddenly fall unlike Gold who's value is constantly increasing. Second is bitcoin is a digital currency, meaning it doesn't have physical appearance and it's just existing in internet so if there's something to happen to internet, bitcoin will be greatly affected.

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September 10, 2017, 03:06:52 PM
 #1075

Bitcoin is far better than gold. Bitcoin has a high value, easy to transfer, easy to carry, secure in wallets with 2 way security. Whereas gold is not much valuable as bitcoin is. And gold needs physical space
I agree with your opinion. First, the price of Bitcoin will goes up higher day by day, you will gain more income if you choose to earn Bitcoin by investing. Secondly, to me, keeping Bitcoin in our wallet on the internet is more secure than keeping gold in our house.

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September 10, 2017, 04:30:24 PM
 #1076

So Bitcoin is better than Gold? Roll Eyes
Yes bitcoin is better than gold .
Here the factor is not for the profit we can make in bitcoin but also another factors are the main things that making it more better than gold silver like assets .
With bitcoin you can trade easily than what you can do with the gold .
And also with the use of the bitcoin you will don't need to take tension in the taxation because if you are honest then you need to pay at the last with overall profit , so don't need to take much stupid things to do .
Here if you can see then you will found that bitcoin is a better option of the payment and also you can use it for the worldwide payments .
So here bitcoin have no limit to use for the flow of the money but in the gold we have many types of the limitations to have as an investment .


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infer
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September 10, 2017, 04:39:45 PM
 #1077

Bitcoin is far better than gold. Bitcoin has a high value, easy to transfer, easy to carry, secure in wallets with 2 way security. Whereas gold is not much valuable as bitcoin is. And gold needs physical space
I agree with your opinion. First, the price of Bitcoin will goes up higher day by day, you will gain more income if you choose to earn Bitcoin by investing. Secondly, to me, keeping Bitcoin in our wallet on the internet is more secure than keeping gold in our house.
That is correct. moreover, we only need to use a small storage to store our bitcoin while we need a bigger space if we want to hold our gold. Bitcoin is way more faster than gold and you can use it on the internet without any restriction. Bitcoin can easily be sent oversea in less than minutes. Therefore, holding bitcoin will make you nearer to the future. Bitcoin will surely give us a brighter future


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BChydro
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September 10, 2017, 04:58:59 PM
 #1078

Gold is not that rare. Till now, more than 180,000 tonnes of gold have been mined from the earth's surface. Much more of that metal is lying in reserves, where the extraction is not profitable at the current prices. 
Gold might not be that rare when compared to bitcoins limited number but it is a percious metal for centuries and many wars have being fought in the name of gold and that wont happen when it comes to bitcoin.  Tongue The ultimate comparing would be that the price of gold and bitcoin cannot be compared in the same sentence in the future as i hope the price of bitcoin will surge higher than an ounce of gold.

wilwxk
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September 10, 2017, 05:24:18 PM
 #1079

In some topics, yes, in others not. For example, int the aspect of the total supply, they can be equal, but the bitcoin its a cryptographic technology, and its based in the low (very low) probability of break then, so this its not 100% secure from all, and the gold its physical, and no materia can be created from nothing, and this is a fact. But if you compare the difficult of manage of the gold and the bitcoin, the gold needs a real space to storage this and the bitcoin not. So thats depends of your opinion. (i prefer the bitcoin).

jatin729
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September 11, 2017, 03:14:48 AM
 #1080

According to me, both has pros and cons.
Pros of gold -  Gold has stable price with less fluctuations
                      Investment is safe

cons of gold-   It may be theft or stolen by someone because it is physical asset.

Pros of btc  -   It is virtual asset no can theft it without knowing your password and private key.
                      It is totally anonymous.
Cons          -    Its unstable price is point of fear for investors.

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