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Author Topic: So Bitcoin is better than Gold?  (Read 52914 times)
akirasendo17
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June 08, 2017, 01:19:57 PM
 #281

Surely gold is there and we can't forget about it but mining gold will destroy us all but mining bitcoin will make us all happy,
its hard to accept the reality but yes bitcoin is better now than gold

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June 08, 2017, 02:02:58 PM
 #282

So Bitcoin is better than Gold? Roll Eyes

Bitcoin is better only for short-term investments, this has already been discussed more than once. And gold has always been and will be a valuable asset even in the event of a collapse.
I don't think that bitcoin is only profitable for short term investment because what can you say to the people who are holding their bitcoin for long term? Not profitable? Bitcoin is designed either short or long term and they are both profitable and it always depends on the price that you bought but if you want to be on a profitable and safe investment then long term is the best and i can say about gold is, it will just give you slow profit.
There are many who make threads like this and there are many differences between them but I think bitcoin is long term, which I worry about when there is a dump of bitcoin holders will feel panic sell, it's not good for the short term because bitcoin will go back up although it takes time, you should know if you held bitcoin last year how much your profit you can even exceed 100%.
Bitcoin can also make it in long term, I don't think bitcoin is just for short term, a long time ago bitcoin started and until now bitcoin is still here, and until now it increases its value. So I think we can trust bitcoin in a long run so it is better to invest today. Gold is also good,  but bitcoin increases and I don't think I can have gold, because right now I don't know how to have a gold, unlike bitcoin I can earn it online. So I think Bitcoin is really better.  Grin
I think that too mate but i think also in the other side we can easily say that bitcoin is better than gold because of the current value of bitcoin but if you think for long term i will give my trust in gold. Gold exist for more decades or century and the investor is continuous getting profit on it.
Yeah, gold has existed for so long, so many people believe it and sure to invest in gold in the long run will be a safe choice, however, profit from gold is not too high. This is the difference between gold and bitcoin, bitcoin can help us make a very good profit in the short term equal to the profit from gold in the long run. In addition, in the future bitcoin will be a potential market and attract a lot of investors, so I think about short term or in the long run, bitcoin is still better than gold although it has risks, but not too large

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June 08, 2017, 02:09:19 PM
 #283

So Bitcoin is better than Gold? Roll Eyes
I dont think so. Its still depends on the users. IF you are not a bitcoin users then you can say that gold is better than it especially when you are a gold holder. But if you are a bitcoin holder then you can proudly say that bitcoin is better than bitcoin. But i believe that they are equal and the same as long as it helps me I dont need to compare what is better between the two.

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June 08, 2017, 11:43:49 PM
 #284

So Bitcoin is better than Gold? Roll Eyes

In some sense yes. Gold and diamond are unfairly distributed. BTC can be fairly distributed.
Only the price of Bitcoin based off the USD value is higher than the price of Gold. If the people that purchase Bitcoin see the price drop thousands of dollars per day there would be a bunch of people dumping their coins.
If that same scenario happened to Gold then the people that are in Gold will try to purchase more Gold because Gold is much more convenient to use compared to Bitcoin.


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June 08, 2017, 11:52:50 PM
 #285

I don't think so.  Gold has been used for centuries right now.  But in terms of ease of use then we can say that bitcoin is far better than gold.  Also in terms of acquiring bitcoin it is easier because only rich people can have gold and you cannot have gold unless you buy some.  Unlike bitcoin you can have even a little of it.  You can earn it.
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June 08, 2017, 11:59:26 PM
 #286

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






Quote for reference.

Nice compare between gold and bitcoin.
There are several advantages that bitcoin has but gold doesn't and vice versa.
Such as bitcoin transaction all over the world with (consider) small fees than what we have to pay if send gold, especially out of the country. Further, bitcoin value increase faster than gold, so this is a great investment object. People invest on gold because it has stable price and won't lose its value (like $300-$500) within a month, and divide your wealth on some commodity/objects is a good plan obviously.

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June 09, 2017, 01:19:16 AM
 #287

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







Best answer Smiley
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June 09, 2017, 01:38:41 AM
 #288

Of course it would be nice if investing in various commodities, but when looking at graph must be a bitcoin dominant as a good investment. And indeed bitcoin has opened up many good business opportunities if careful in exploiting the opportunities created by bitcoin due to rapidly different price fluctuations of bitcoins With gold having real price fluctuations slowing down.
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June 09, 2017, 03:13:17 AM
 #289

Bitcoin are more better than gold because for a short term bitcoin now are 10x the price to gold. Investor now are wiser they want to get easy profit than to keep the longer time. Bitcoin are good to hold and to trade it in short time.


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in
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June 09, 2017, 04:47:48 AM
 #290

Surely gold is there and we can't forget about it but mining gold will destroy us all but mining bitcoin will make us all happy,
its hard to accept the reality but yes bitcoin is better now than gold
Although bitcoin mining is easier than gold mining that requires enormous funds. But that does not mean bitcoin will be better than gold. Both have their respective advantages


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June 09, 2017, 04:52:20 AM
 #291

Nope, Gold is better than Gold. Gold is used by everyone adopted by everyone so actually it is better than Bitcoin. Also, Gold is used by people from the very first day of this world, It's being used by the people of earth since it came into being. Everyone knows Gold but there is a big number of people who still don't know what Bitcoin is so, it make it clears.
For all the users here who says Bitcoin is better I appreciate them for encouraging Bitcoin but the fact cannot be changed.


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June 19, 2017, 12:08:44 PM
 #292

From what I know today, Bitcoin has already tripled in value compared to Gold. It was fast. At present, Bitcoin is lot more popular than Gold. It is more convenient to use when you are doing transaction online. With the use of Bitcoin wallet you can keep your bitcoins. Exchanging from Buying and selling is fast, while in Gold, mostly people will think that you really need a gold literally before you have it as a money.
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June 19, 2017, 12:45:22 PM
 #293

From what I know today, Bitcoin has already tripled in value compared to Gold. It was fast. At present, Bitcoin is lot more popular than Gold. It is more convenient to use when you are doing transaction online. With the use of Bitcoin wallet you can keep your bitcoins. Exchanging from Buying and selling is fast, while in Gold, mostly people will think that you really need a gold literally before you have it as a money.
so true. Bitcoin prices are now very expensive. Reaching 300% of the profit we have. In contrast to gold which only rose about 5 -10%
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June 19, 2017, 12:54:36 PM
 #294

Surely gold is there and we can't forget about it but mining gold will destroy us all but mining bitcoin will make us all happy,
its hard to accept the reality but yes bitcoin is better now than gold
Although bitcoin mining is easier than gold mining that requires enormous funds. But that does not mean bitcoin will be better than gold. Both have their respective advantages



That's true. Bitcoin and gold have their advantages and disadvantages respectively. On the one hand bitcoin may be better than gold but on the other hand, gold will be better than bitcoin. We can choose which one is more suitable for us.

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June 19, 2017, 01:26:04 PM
 #295

if we compare the price between gold and bitcoin, i think bitcoin have a chance to be the next expensive investment in the future but unfortunately right now, from total populations in the world, its still only small people which is using bitcoin and the others still believe with gold and using gold as investment. but if they know about bitcoin, i am sure that they will be move from gold into bitcoin and they will use bitcoin like us too.

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June 19, 2017, 01:37:33 PM
 #296

if we compare the price between gold and bitcoin, i think bitcoin have a chance to be the next expensive investment in the future but unfortunately right now, from total populations in the world, its still only small people which is using bitcoin and the others still believe with gold and using gold as investment. but if they know about bitcoin, i am sure that they will be move from gold into bitcoin, and they will use bitcoin like us too.
Gold is a physical asset if the price drop the people will use it for other use. But the Bitcoin is not like that if the price drops then it is a big loss for investors. That is why the old people will not show interest on bitcoins. For gold, we see worldwide investors, and they will not think much about to invest in gold. But to invest on bitcoins, they take more time to reflect on this asset.
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June 19, 2017, 01:47:57 PM
 #297

I think it's pointless to compare such different things
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June 19, 2017, 01:51:50 PM
 #298

So Bitcoin is better than Gold? Roll Eyes
It depends on the holders. Mostly if you are not a gold holder for you bitcoin is better than gold. But if you are a gold holder and didnt know how to used bitcoin then for you gold is better than bitcoin. For me they are the same. I can used them to provide my needs in life. Bitcoin and gold helps me so i will not compare them with each other. Smiley
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June 19, 2017, 01:57:07 PM
 #299

So Bitcoin is better than Gold? Roll Eyes
It depends on the holders. Mostly if you are not a gold holder for you bitcoin is better than gold. But if you are a gold holder and didnt know how to used bitcoin then for you gold is better than bitcoin. For me they are the same. I can used them to provide my needs in life. Bitcoin and gold helps me so i will not compare them with each other. Smiley
As stated it depends based on the user. In reality bitcoin has got the highest profiting possibility whereas gold provides a increased security on the investment made. In this aspect people select gold and bitcoin.

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June 19, 2017, 02:12:05 PM
 #300

In my own opinion bitcoin is not better than gold maybe they are the same in a unique way, and bitcoin is the new gold for the new era, just like the old days if you save gold you'll provably millionaire for just a few decade just like bitcoin also nowadays if you save, invest or trade for it you'll probably earn much money if you know the process. Bitcoin and gold may do not have the same price but they are really important in one country's economy.
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