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Author Topic: So Bitcoin is better than Gold?  (Read 52914 times)
RajaJudi
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June 19, 2017, 02:32:08 PM
 #301

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.
I do think like you. But the difference between both of them is the price. Gold will always go up notwithstanding times and never lost price or decrease. Bitcoin sometime it will go down but it's also very hard to lost price. I think so  Cool

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June 19, 2017, 03:16:49 PM
 #302

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.
I do think like you. But the difference between both of them is the price. Gold will always go up notwithstanding times and never lost price or decrease. Bitcoin sometime it will go down but it's also very hard to lost price. I think so  Cool
- Actually we can not say which one is better because gold and bitcoin have different advantages and disadvantages. Bitcoin has many advantages as it is very potential, the price is also quite high and increasing over time, bitcoin also attracts many investors, but it also has disadvantages as time transaction acceptance is quite long, transaction costs are high, can not be used everywhere and have not been accepted by governments of many countries. Talking about gold, it is very safe, can invest long term and prices increase over time, but it is controlled by the government and they make the price of gold stable, no strong fluctuations and it was old, not too attracting investors. Personally, I think is equal

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June 19, 2017, 03:20:44 PM
 #303

So Bitcoin is better than Gold? Roll Eyes

Better in terms of what?

As a currency: bitcoin
Investment: bitcoin (in my opinion)
Portability: bitcoin
Almost everything else: bitcoin

I can only see gold being better if it is in terms of brag value or in terms of 'showyness'. Gotta have that bling.

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June 19, 2017, 04:03:54 PM
 #304

It may seem crazy comparing Bitcoin to gold. After all, gold is a historical store of value and is recognized all over the world. However, considering the huge appreciation of Bitcoin, an analysis of these two is more than warranted. A lot of investors may be tempted to invest in Bitcoin. The factors stated above should be kept firmly in mind. While Bitcoin does have a lot of good things going, there are still a lot of questions regarding this particular investment vehicle. Lined up with an analysis versus gold analysis, be careful not to engage in wishful thinking. Focus on the facts and risks. This is the proper way to do a Bitcoin vs. gold analysis.
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June 19, 2017, 04:20:57 PM
 #305

Bitcoin is better in terms of technology, practical and chance to make profit from the fluctuation for now.
But if u talk about stability, gold is in the upperhand because u own it. It's in ur hand. If it goes missing then it's ur own fault to not take care of it better.
Even though bitcoin is not that secure too but if u store it in a secure way using a credible site for trading or cold wallet, bitcoin still a lil better.
Bitcoin is easier to store than gold too.
So to sum it up, bitcoin is better for the many probability to make profit in the future. but with gold it's more about stability and old ways to make profit.
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June 19, 2017, 04:23:54 PM
 #306

It may seem crazy comparing Bitcoin to gold. After all, gold is a historical store of value and is recognized all over the world. However, considering the huge appreciation of Bitcoin, an analysis of these two is more than warranted. A lot of investors may be tempted to invest in Bitcoin. The factors stated above should be kept firmly in mind. While Bitcoin does have a lot of good things going, there are still a lot of questions regarding this particular investment vehicle. Lined up with an analysis versus gold analysis, be careful not to engage in wishful thinking. Focus on the facts and risks. This is the proper way to do a Bitcoin vs. gold analysis.
Well said...
Both have some positive and negative side, it should not be compared to these two things, Bitcoin has some specific features and​ gold has also some different types of criteria. So both are equally volatile sometimes and equally strong as their own way...so it is not a high time to say that, Bitcoin is better than gold...
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June 19, 2017, 04:27:35 PM
 #307

It may seem crazy comparing Bitcoin to gold. After all, gold is a historical store of value and is recognized all over the world. However, considering the huge appreciation of Bitcoin, an analysis of these two is more than warranted. A lot of investors may be tempted to invest in Bitcoin. The factors stated above should be kept firmly in mind. While Bitcoin does have a lot of good things going, there are still a lot of questions regarding this particular investment vehicle. Lined up with an analysis versus gold analysis, be careful not to engage in wishful thinking. Focus on the facts and risks. This is the proper way to do a Bitcoin vs. gold analysis.

Yes a good warning for all.
This two are really different. Even when bitcoin passed over the price of gold nothing changed. No one gave a  damn because they know gold is different. If it is really alike then there might be movements that have happened before bitcoin will take over.
Bitcoin is new and doubts will be there, which is not in gold anymore. There is no doubt there, people just keep on buying it whenever they want to.

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June 19, 2017, 04:30:46 PM
 #308

I am lazy to reading all of comments, but i wanna to say that bitcoin is like a gold, but that different. But i can say that bitcoin is much more good than dollars Roll Eyes
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June 19, 2017, 05:44:58 PM
 #309

For the long term gold is always better, but for now bitcoin is becoming more popular after a higher rise but with unpredictable time for the long term.
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June 19, 2017, 05:48:37 PM
 #310

For the long term gold is always better, but for now bitcoin is becoming more popular after a higher rise but with unpredictable time for the long term.

I also will say and stand that gold is good for long term investments but with bitcoin today, it's being told as the modern or digital gold.

Bitcoin is also good for holding for a longer term and it's been proved by those early investors that managed to hold up til' now.

I will go for bitcoin for saying it's better because it has a lot to offer for us.

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June 19, 2017, 05:50:03 PM
 #311

You just can't compare gold with Bitcoin. Both of them serve different purposes. And another thing to remember is that gold has been in use for more than 5,000 years, while Bitcoin has been in existence for less than a decade. Gold is a physical asset, while Bitcoin is a digital asset. That said, gold can be converted to digital form (paper gold) and Bitcoin can be converted to physical form (Casascius physical bitcoins).


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June 19, 2017, 05:56:05 PM
 #312

of course it is, just the recent problem is that it charges extremely high charges and that a good reason nobody like it now to trade or anything it has just decreased the acceptance of bitcoin a lot. people are hardly stick with it or else they just left it if they can not tolerate it, many of the bitcoin users have actually switched over other altcoin's like eth and ltc because they charge like 0.01% of the transaction amount and they are almost instant transaction so i guess people can afford some quick price inflation instead of extremely heavy charges.
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June 19, 2017, 05:58:14 PM
 #313

Perhaps the most obvious difference between Gold and bitcoin is this: Gold is physical and bitcoin is digital. Yet the distinctions between the two run much deeper.

Gold is a Precious Metal used by mankind as a medium of exchange for millennia. It is also useful in technology and manufacturing, and is appreciated for its beauty in the form of jewelry, art and keepsakes. Gold is widely regarded as a sound long-term investment and a hedge against market volatility.

Bitcoin, on the other hand, is a coded, crowdsourced currency that did not exist until 2009.

But according to me, bitcoin is better then gold.

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June 19, 2017, 06:00:46 PM
 #314

it honestly is. the only downside with bitcoin is that it isnt widespread yet. Give it a decade or two, then bitcoin will definitely start winning over gold/FIAT.

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June 19, 2017, 06:03:38 PM
 #315

So Bitcoin is better than Gold? Roll Eyes
Well, looking at dicreasing of bitcoin i can't say it for sure
But if we r talking about investation than yes, Id prefer BTC
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June 19, 2017, 06:18:54 PM
 #316

it honestly is. the only downside with bitcoin is that it isnt widespread yet. Give it a decade or two, then bitcoin will definitely start winning over gold/FIAT.

I really doubt whether Bitcoin will last two decades. But it doesn't need to replace gold. Bitcoin is a currency, while bullion metals such as gold, platinum and silver are investment assets. You can say that Bitcoin may replace fiat currency. But it is not going to replace gold, since the two commodities serve different purposes.


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June 20, 2017, 03:23:25 AM
 #317

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.
i agree with you but 50% you say gold is better than bitcoin yes every one know gold. Every countries people whoes are developed or undeveloped  know about gold value. And wvwry country use thier value in economy.but thier are big number people who donot know about bitcoin. But investment in bitcoin VS investment in gold i think  for investment bitcoin is better from gold because bitxoin have high profite.

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MonaLeeTracy
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June 20, 2017, 03:25:54 AM
 #318

I agree that bitcoin as an alternative investment in the future replaces gold. But gold prices tend to rise and not affected by the situation. Different from bitcoin that will come down if there is any bad news thing

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June 20, 2017, 03:52:40 AM
 #319

I don't think that bitcoin is better than gold. But I think bitcoin is important as gold.Because in bitcoin you can have a lot of treasure like gold. Bitcoin is so essential as gold because it has a high quantity in amount. And it is both expensive and needed to be treasured.

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June 20, 2017, 07:26:21 PM
 #320

Bitcoin’s volatility is currently too large to rectify and even begin approaching gold as a portfolio’s favorite reserve position. This is not to say that gold has not experienced lows and highs, but investors like gold because the likelihood of gold’s price changing significantly is much lower than that of cryptocurrency.

This is one of the main attractive features of gold. It is a good way to store wealth, particularly in the face of uncertain international markets when fiat currencies are less solid. Bitcoin’s high volatility may be one of the larger barriers to transcending gold entirely. Furthermore, just because Bitcoin’s price past gold’s doesn’t mean Bitcoin is worth more than gold. In fact, in order to match gold’s market cap of $7 trillion, a single Bitcoin needs to be worth around $500,000.
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