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Author Topic: So Bitcoin is better than Gold?  (Read 52914 times)
hurain
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June 20, 2017, 07:35:17 PM
 #321

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.
yes in present time the only reason for which people are giving importance to gold is that it has very stable price and for most of the time it may not be let you down the value of your investment, you can keep saved you money for a long time without  any doubt.
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June 20, 2017, 07:49:12 PM
 #322

Right now I would say it's really much better in terms of profitability I prefer buying Bitcoin because of the potential high profit and I only buy gold as gift but anyway both are good investment but bitcoin now is a much hold asset.


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June 20, 2017, 07:54:10 PM
 #323

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








Shininess is our all! Gold is shiny, therefore it wins.
Btw, while BTC is much more convenient to use, with gold you mustn't be afraid that it becomes worthy of nothing really quick. And the changes in the gold's value are not that huge.
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June 20, 2017, 07:55:35 PM
 #324

Bitcoin is better because it is a currency and not only a store of value like gold. Yes it has more volatility but that is because the marketcap is still low.

As an investment bitcoin also wins because it has so much potential whereas gold is around its limit already.
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June 20, 2017, 08:04:48 PM
 #325

Better than gold only in the understanding of its modernity and manufacturability. Well, let's say it is much more convenient to store, buy and sell without leaving home. Or anywhere in the world at the same cost. Smiley
hurain
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June 20, 2017, 08:18:13 PM
 #326

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.
even after long long time you cannot make such a good money from trading Gold that we can expect from bitcoin.  actually the popularity of bitcoin is increasing from time to time and therefore the demand is also increasing. which in turn increase the price of bitcoin.
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June 20, 2017, 09:56:17 PM
 #327

Bitcoin is good because I can trade with it. And I can profit with it. But gold also good because it's safe and risk free. So you can go for any of it.

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June 20, 2017, 09:59:49 PM
 #328

  Bitcoin is constantly better than gold because it may be transferred easily in a span of mins or hours depending on blocks.
And bitcoin also can have by any people just by buying online unlike gold  is hard to find.
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June 20, 2017, 10:14:13 PM
 #329

Shininess is our all! Gold is shiny, therefore it wins.[/b] Btw, while BTC is much more convenient to use, with gold you mustn't be afraid that it becomes worthy of nothing really quick. And the changes in the gold's value are not that huge.
The volatility of the gold is not as high a bitcoin's but also far more explosive that regular fiat. Fiats are being monitored and regulated on the fly by central banks.
Gold because it is a commodity cannot be influenced as hard.

In 2013 gold was worth almost ~$1800 and its value gradually dropped to ~$1100 in 2016. I wouldn't exactly say that the price of gold is not volatile.
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June 20, 2017, 11:16:13 PM
 #330

 Bitcoin is constantly better than gold because it may be transferred easily in a span of mins or hours depending on blocks.
And bitcoin also can have by any people just by buying online unlike gold  is hard to find.
I will select both, but in fact it depend on your interest that for what purpose you are going to select bitcoin or gold. if you want to select bitcoin then it is good for trading and increasing the amount of your money while gold is best for saving your money because there are more chances that its value will not decrease. but there are always chances that some one can steal your gold.
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June 20, 2017, 11:23:32 PM
 #331

Personally, I think BTC is better. After all, BTC can be paid quickly and globally, and at the same time, it's safe and convenient.
And on top of that bitcoin supply is limited and demand is growing because it is more convenient to buy. As well as it is easier to hold bitcoin for long term and if we compare return over holding bitcoin and gold for last 5 years, profit from holding bitcoin is way higher than that from gold.  
Yes i guess it is really obvious today but gold is more like a precious thing and can be stolen to you unlike bitcoin cannot be stolen unless they know your password but also bitcoin is good for ivestment and it is the best in transaction worldwide.
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June 20, 2017, 11:47:20 PM
 #332

Bitcoin is better than gold because gold can only hold but can not trade, Bitcoin can trade and be completely anonymous. Bitcoin prices are increasing over the past few months, a good sign to buy Bitcoin instead of gold

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Babyrica0226
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June 21, 2017, 03:54:48 AM
 #333

So Bitcoin is better than Gold? Roll Eyes
Yes bitcoin is really better than Gold, because of its aggressive volatility while gold is not volatile.
And bitcoin so far was close to 3000$ and become more higher depending on the demand of the community user of bitcoin.

 
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June 21, 2017, 04:24:04 AM
 #334

So Bitcoin is better than Gold? Roll Eyes
Yes bitcoin is really better than Gold, because of its aggressive volatility while gold is not volatile.
And bitcoin so far was close to 3000$ and become more higher depending on the demand of the community user of bitcoin.
Yes , totally true because the most of the times people saying that Bitcoin is scam and it is not legal and it has bad impact at the world economy but still with every stupid blain words the Bitcoin is at number one and no one is able to beat it .
Even in the starting when I bought few fraction of the Bitcoin then many of my friends told me that this is useless and you will loss all of your money  . But still I never lost my patience and turned my money into 3 times after one month experiment with it .
So this is really pretty cool then good , since we can get some loss for small time due to fall in the price but the chances of increasing the price are more and they can easily rise ( which is usual ) .
Here I will suggest every friends who are saving his money in his savings account , they should invest in the Bitcoin because in the Bitcoin we have the option of increase our money speedly without any  limit .

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June 21, 2017, 05:00:07 AM
 #335

I remember a financial analyst on the TV this year saying "if you are old hedge with gold, if you are young hedge with bitcoin" or something to that effect.  It seemd to me possible that the presenter was stating conciously or unconciously a growing consensus among the population, that young generations will gravitate towards crypto, and so putting 2+2 together this would be a inevitable demographic shift  that would result in crypto currencies perhaps mostly replacing the role currently played by gold for older generations; thus I am becoming increasingly convinced on the goldbugs->oldbugs->dead scenario and that cryptocurrencies ultimate worth is in the trillions in the long run (adjusted for inflation). 
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June 21, 2017, 05:00:44 AM
 #336

Its not very practicall to ask simply what is better? Cause we need a some parameter to operate.
In the first two three posts there is some cool illustrations. But a litle bit of bitcoin propaganda also Grin
But actualy that thing that is mentioned there, is true
 

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June 21, 2017, 06:13:45 AM
 #337

It seems to still have not been able to say that bitcoin better than gold, we all know that gold became the size of a country's wealth, so gold will forever be used and accepted, while the bitcoin is still not able to.

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June 21, 2017, 06:25:23 AM
 #338

It seems to still have not been able to say that bitcoin better than gold, we all know that gold became the size of a country's wealth, so gold will forever be used and accepted, while the bitcoin is still not able to.

The problem with Bitcoin is that it is a digital asset. Such assets have limited lifespan, as new and better alternatives emerge with time. Look at what happened to the televisions. In the beginning, we were using CRT televisions. They were replaced with LCD and Plasma televisions. These were in turn replaced with LED televisions. In the future, these LED TVs will be replaced by something else. Some thing similar will happen with the crypto-currency as well.

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June 21, 2017, 07:40:26 AM
 #339

Recently, there are some advantages that make Bitcoin better than Gold, especially for the millennium generation that understands digital currencies better than baby-boomers. Bitcoin is an easy medium to make payments around the world. But on the other hand, gold has its own advantages as well that can be used as a direct gift, such as jewelry. The policy of choosing to invest with bitcoin or gold is in your own hands.

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June 21, 2017, 08:13:24 AM
 #340

Recently, there are some advantages that make Bitcoin better than Gold, especially for the millennium generation that understands digital currencies better than baby-boomers. Bitcoin is an easy medium to make payments around the world. But on the other hand, gold has its own advantages as well that can be used as a direct gift, such as jewelry. The policy of choosing to invest with bitcoin or gold is in your own hands.

But, Bitcoin will never be better than Gold. Gold is volatile not like Bitcoin. If the Gold price goes down, It doesn't go down like Bitcoin which loses 100s of dollars at once. The best investment is Gold it always helps you in your hard times. Save it for the future if you have some extra money.


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