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Author Topic: So Bitcoin is better than Gold?  (Read 52836 times)
Dilladupak
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March 15, 2018, 02:34:14 AM
 #2241

I think the value of bitcoin and gold is much different, for me if gold only makes ornaments or saves money. Similarly, the selling price of Gold will fall from the purchase price.
While bitcoin will continue to increase over time, so we prefer to store bitcoin rather than gold.

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March 15, 2018, 02:44:29 AM
 #2242

Yeah, we can find out there are lots of advantages of Bitcoin. It has high security, easy transaction... It can be fungible, portability, durable, scarce.. All of these advantages gold may not has. So that's reason why for now people prefer use bitcoin than gold or dollar.
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March 15, 2018, 02:52:28 AM
 #2243

In terms in price value gold is a little bit ahead but if you compare the different aspects between bitcoin and gold you'll know that bitcoin far surpasses gold.
Bitcoin can send $1 million worth of transaction without being tampered and will get confirmed especially now that segwit is activated.
Besides being fast it is also secure and anonymous unlike gold that might get rob down the road.
And with it's decentralized feature it is not regulated by governments unlike gold.

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March 15, 2018, 03:32:59 AM
 #2244

So Bitcoin is better than Gold? Roll Eyes

I would like to say, yes Bitcoin is better than gold. let's make some comparison.One of the most striking differences between gold and bitcoin is that while the precious metal represents a physical object, bitcoin is entirely digital.
Buy why are we comparing bitcoin with gold? Bitcoin is a currency which is we use for shopping and purchasing thing, while gold is a precious element and not a currency. I think both have their own importance. Bitcoin is good to be use for shopping throughout the world, without changing it into any other fiat currency, while gold is good for holding, because gold has a stable price and we can observe a very slight change in the price of bitcoin.

Yes agreed if you compare bitcoin and gold in the field of currency and not currency, they have different importance.
If we talk about this than nothing is better than.
But gold and bitcoin nowdays become investment tool so we keep them and hope the price is better in the future.
Which one do you think better?

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March 15, 2018, 03:39:43 AM
 #2245

So Bitcoin is better than Gold? Roll Eyes
Yes , you are right . Bitcoin is better if you are comparing both , Bitcoin and gold for a longer perspective. If you take a graph of increasing prices of Bitcoin and gold in the past 4 years then you will come to know the difference. Whereas the prices of gold are almost constant and change a bit. But like for jewellery and stuff , one advantage is that you can use them for many occasions and if no damage is cost on that jewellery then you can sell them according to the market price of gold. Whereas if you use Bitcoin you will lose that amount and you will have to earn them again. But considering rest , Bitcoin is better than gold.

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March 15, 2018, 03:47:03 AM
 #2246


So Bitcoin is better than Gold? Roll Eyes
If we think is profitable then bitcoin is better than gold, with $ 1 million we invest bitcoin then in a year to $ 10 million, whereas if gold is not more than $ 1.01 million, that's what tempts everyone to invest bitcoin.

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Marnihughes82
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March 15, 2018, 03:52:00 AM
 #2247

Both are limit and not inflation. But gold is recognized by everyone and internationally, bitcoin has not done yet

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March 15, 2018, 03:54:33 AM
 #2248

of course bitcoin is better than gold, bitcoin has a lot of advantages compared to gold
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March 15, 2018, 03:56:52 AM
 #2249

So Bitcoin is better than Gold? Roll Eyes
It’s true that bitcoin has defeated gold in the terms of prices and since bitcoin has started it has gained huge amount of popularity and users throughout the world resulting in increasing its demand. But stil I don’t think that bitcoin is better than gold because firstly, gold is a stable form of currency and its value does not fluctuate often whereas bitcoin is not a stable form of currency and its value fluctuate a lot. Secondly, gold is trusted worldwide and is also accepted around the globe whereas bitcoin is not trusted and it is not accepted everywhere.

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March 15, 2018, 05:15:21 AM
 #2250

Both are limit and not inflation. But gold is recognized by everyone and internationally, bitcoin has not done yet
Bitcoin is still on the process of getting notice by the people around the world and i think that the bitcoin will be able to be accepted or adopted by the majority after 10 years from now because the technology of the cryptocurrencies are really giving good ideas to the other people and businesses to create their own service and solve the current issues that we have through blockchain.

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March 15, 2018, 08:15:42 AM
 #2251

If to compare bitcoin and gold now, then of course gold is better! If to look forward, then to answer this question very difficult. Perhaps the bitcoin will be tied to gold in the future)
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March 15, 2018, 08:22:11 AM
 #2252

So Bitcoin is better than Gold? Roll Eyes
I think so that bitcoin is better than gold because bitcoin prices can changes its value from time to time as its ups and down
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