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Author Topic: So Bitcoin is better than Gold?  (Read 52914 times)
Collinslevi
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October 02, 2017, 03:08:54 AM
 #1201

gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products. Gold has a 5,000-year history as a long-term store of wealth. Bitcoin doesn't even have a hundred-year track record. Bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions. There’s scarcity. Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.
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acpr23
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October 02, 2017, 04:04:57 AM
 #1202

In digital terms bitcoin/crypto has the advantage over gold/fiat, but in terms of commercial needs gold maybe better in some terms than bitcoin/crypto only imo.
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October 02, 2017, 04:28:21 AM
 #1203

Bitcoin can really be considered better than gold in the sense that gold is practically stable in price and protects from inflation, but it does not bring significant profits, and bitcoin not only protects against inflation, but also generates significant profits even with its passive storage. This makes it more profitable than gold.

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October 02, 2017, 09:10:06 AM
 #1204

i think gold still better for giving to woman but for giving to clever woman bitcoin is more greater  Cheesy
im trying to give some explanation about bitcoin to my girlfriend hope she is interesting and can help me to earning bitcoin too  Grin Cheesy
For woman, Gold like precious jewelry and they do not care the value of it like Bitcoin.
Because default, the value of Gold always high becaue it rare, why they need to care that Grin?
Yes you are 100 percent right if the security issue be raised then no doubt gold is far better than bitcoin, because the blockchain wallet can be stolen or hacked anytime by thieves and hackers. While the gold cannot be stolen so easily if you keep them I your bank lockers.

On the other hand if we talk about the business and earn more money in a less time, then bitcoin is better than gold, because it is money and business both.
It is not that simple and easy as you are making it sound like. If this was the case then many of bitcoiners would have already lost their bitcoins. Most of the times, it is due to the carelessness of owner which makes the hack successful.

With due respect, I also want you to do a little research on SHA 256 hash so that you can have a better understanding of Bitcoin’s security.

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dacsee
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October 02, 2017, 09:50:57 AM
 #1205

So Bitcoin is better than Gold? Roll Eyes

Yes Bitcoin has many many benefits that Gold or other precious substances do not.
Kazi Sajib
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October 02, 2017, 10:08:42 AM
 #1206

It is said that the amount of bitcoin is increasing day by day, so that it is said that So Bitcoin is better than Gold
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October 02, 2017, 10:18:14 AM
 #1207

Bitcoin have much greater investment potential and can bring much better profit to everybody because it's value increasing rapidly.In  gold is perhaps a better option, because of its popularity and stability of it.
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October 02, 2017, 10:27:03 AM
 #1208

Gold is considered as asset and risk less investment its price has some control if you compare in the last 10 years you can evaluate what Gold give returns to its investers.

If you look about Bitcoin in the last ten years of its performance no one can imagine the rate of it so considering and comparing the Gold v/s Bitcoin performance I prefer Bitcoin Only.

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October 02, 2017, 10:33:21 AM
 #1209

I think so... day by day Bitcoin is taking the place of gold as a precious tool regarding saving. If you compare gold with Bitcoin then you must admit that Bitcoin has added a better value in recent time in comparison to gold. but both have some good face value. when you talk about the availability then gold will come first, on the other hand, when you talk about the profitability then Bitcoin would be the better of the two things. but for me, Bitcoin is far better than Gold I terms of security and potentiality.
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October 02, 2017, 10:33:35 AM
 #1210

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




i realized after seeing this reply that bitcoin can do so many things more than gold and usd so well. i wanna say gold is better in some aspect like more trust, tangible so on..  some one must take long time (maybe 2-3) days with most fast vehicle shipping to reach direct place around the  world. but bitcoin do it only for tens minutes


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jagmrx
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October 02, 2017, 10:47:26 AM
 #1211

Gold is considered as asset and risk less investment its price has some control if you compare in the last 10 years you can evaluate what Gold give returns to its investers. If you look about Bitcoin in the last ten years of its performance no one can imagine the rate of it so considering and comparing the Gold v/s Bitcoin performance I prefer Bitcoin Only.

You might be right. Gold is good for invesment, also house and property is good for invesment too. I never heard that the price of a house get down every year. They will always go up. So it is a 100% sure invesment.

Bitcoin in the other hand is simple invesment. Anyone can invest in it, even student and unemployment people can invest. The price can go down, but on for a short of time. It will rise again in several years and give us profit. The thing is, Bitcoin is so easy to collect and buy. That is why it is an opportunity to us and we still do not know how much the Bitcoin price can go.
andrei56
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October 03, 2017, 11:19:36 PM
 #1212

gold is not old gold which is backed physically. it is totally empty under it, thanks to the corrupted world cheating us. bitcoin is way better.
I suppose you are talking abut ETF or paper gold right? If that is the case you are right, that is not real gold, if such a market did not exist gold will be worth 20k to 30k which show to us how much bitcoin still needs to grow to compare itself against the market of gold and precious metals.
King Sastro
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October 03, 2017, 11:54:36 PM
 #1213

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




i realized after seeing this reply that bitcoin can do so many things more than gold and usd so well. i wanna say gold is better in some aspect like more trust, tangible so on..  some one must take long time (maybe 2-3) days with most fast vehicle shipping to reach direct place around the  world. but bitcoin do it only for tens minutes

In profit of course bitcoin better than gold and dollar, but for the certainty of long-term investment of gold and dollar better than bitcoin. however for the moment I will put the bitcoin investment rather than gold, because I feel the instant benefit of gold.

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October 04, 2017, 12:00:23 AM
 #1214

maybe Bitcoin is better than gold because Bitcoin's price every time is growing rapidly but gold is only slightly up.
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October 04, 2017, 12:04:19 AM
 #1215

So Bitcoin is better than Gold? Roll Eyes
For me yes. As you can see of the price of bitcoin I can actually say that its better now than gold even though I don't know the price of gold now. Aside from that bitcoin is easy to earn than gold. In bitcoin you just need a internet and device to earn it and its hassle free when it comes in withdrawal.
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October 04, 2017, 12:08:30 AM
 #1216

Yeah, the main ones i can think of are:

  • Weight, gold is heavy and difficult to move.
  • If you don't own the gold you just own a piece of paper or epaper that says you own the gold (if it physically exists).
  • When asteroid mining or even the threat of asteroid mining begins, gold price will plummet as the market prepares to be saturated with gold. This is likely only a few decades away.
  • Gold is not nearly as divisible, and gold atoms don't count :]

:]
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October 04, 2017, 12:16:35 AM
 #1217

So Bitcoin is better than Gold? Roll Eyes
For me yes. As you can see of the price of bitcoin I can actually say that its better now than gold even though I don't know the price of gold now. Aside from that bitcoin is easy to earn than gold. In bitcoin you just need a internet and device to earn it and its hassle free when it comes in withdrawal.
and true bitcoin can be used anytime and can be utilized for anything else gold does tend to be used as jewelry and not a good investment, I think this is the reason why people prefer bitcoin rather than gold, the relative gold value this stable is offensive with the value of flexible bitcoin prices
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October 04, 2017, 12:20:23 AM
 #1218

Apparently, Bitcoin is more popular than gold among investors.
Is it just hype or something fundamental about the digital currency. It’s hard to say. What’s not hard to say is that there’s a growing mistrust of national currencies, following dubious government policies, which has pushed people into Bitcoin.Then there are a couple of advantages that make Bitcoin better than gold, at least for the millennial generation, which understands the digital currency better than the baby-boomer generation.Unlike gold, for instance, Bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions.Then, there’s scarcity. Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.Especially if they don’t quite understand the nature of the digital currency.
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October 04, 2017, 12:26:20 AM
 #1219

it is like comparing a trashcan full of apples with apple's trashcan shaped mac pro Grin both have a worth and a specific operational area but can't be compared directly. if o n l y as a store of value i would split my investment but lean more towards gold.
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October 05, 2017, 11:15:28 PM
 #1220

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







why gold is not decentralized... guys come on REAL GOLD is more decentralized than BTC.
Allmost every citrzen have something gold. Wedding rings? Girls like gold.
Production of gold is speard over world.
MINING GOLD IS DECENTRALIZED you can live in Kongo and look for gold in rivers !!!!
so mining of GOLD is better than bitcoin guys. Average joe can do this. in some areas.

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