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Author Topic: So Bitcoin is better than Gold?  (Read 47042 times)
Gumpfire
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July 13, 2017, 03:23:17 PM
 #481

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






Based on the graph that you showed it really shows that bitcoin is really good in everything even in us dollar. The only problem that bitcoin has, is that the government cannot approved bitcoin to be a legal currency because some people use bitcoin for criminal activities that is very wrong. I hope that bitcoin can be approved by the government.

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Ucy
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July 13, 2017, 03:52:06 PM
 #482

Depends on what you mean by "better'" as both serve different purposes aside being used as store of value . Maybe in the long run Bitcoin may be better if it becomes possible to produce gold in Factories.
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July 13, 2017, 04:30:26 PM
 #483

It seems like comparing bitcoin with gold is like something that is difficult to answering, but I think currently bitcoin investment is better than gold, because invest in the bitcoin more profitable.
That is correct but I feel safer when I invest my money in gold because there is no way people can decrease the gold price right now and in the next 100 years, gold will still stable and against the inflation. If you want to save your money, put all of them in gold
If you are talking about long term investment, for like about 100 years as you say, then I'd say go invest your money in bitcoin. Ignore the short-term volatility of bitcoin and focus in it in the long run. Yes it is true that gold has been there for many decades and has been cherished by us of its value but bitcoin can unseat those value over the long run as bitcoin's usefulness and importance to society will continuously grow as commerce become more digitized.

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July 13, 2017, 09:01:24 PM
 #484

So Bitcoin is better than Gold? Roll Eyes
I can say that bitcoin is way more better than gold when it becomes to uses. Bitcoin can be transact easily and less hassle with just a press of your fingers. Gold in other hand, are hard to send or receive because it's heavy. But when it becomes to investment they are both good, but bitcoin is the future, the value of it will always be higher than gold. And it can work lile banks of real money and thats gold cannot do.
Yeah I really do agree with you that bitcoin has a large potential to enlarge a business or your money because the price of bitcoin goes up day by day and it will become the most high and expensive currency some day  so it’s much more better than gold .

Is already. The price of Bitcoin exceeded the price of an ounce of gold in March of this year (as I can remember). Bitcoin is more convenient to invest and pay. Gold has a stable price. It is difficult to compare such different units.

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July 13, 2017, 09:07:27 PM
 #485

So Bitcoin is better than Gold? Roll Eyes
I can say that bitcoin is way more better than gold when it becomes to uses. Bitcoin can be transact easily and less hassle with just a press of your fingers. Gold in other hand, are hard to send or receive because it's heavy. But when it becomes to investment they are both good, but bitcoin is the future, the value of it will always be higher than gold. And it can work lile banks of real money and thats gold cannot do.
Yeah I really do agree with you that bitcoin has a large potential to enlarge a business or your money because the price of bitcoin goes up day by day and it will become the most high and expensive currency some day  so it’s much more better than gold .

Is already. The price of Bitcoin exceeded the price of an ounce of gold in March of this year (as I can remember). Bitcoin is more convenient to invest and pay. Gold has a stable price. It is difficult to compare such different units.
I do not say that yet, only value of bitcoin surpass by bitcoin but not the stability, bitcoin is good for me but not totally dominates gold. Gold investment has low risk because you have an physical item to hold or used unlike in bitcoin that was pure online investment.

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July 14, 2017, 05:23:31 AM
 #486

So Bitcoin is better than Gold? Roll Eyes

I think gold is always stable but it does not change like Bitcoin so if you are a safe person you should choose gold. On the other hand, if you are a risk taker and you like to risk it, choose Bitcoin, it will help you get rich quick

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July 14, 2017, 09:29:39 AM
 #487

So Bitcoin is better than Gold? Roll Eyes

Bitcoin obviously beater gold. because you can do reserve bitcoin long time.

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July 14, 2017, 05:54:59 PM
 #488

Bitcoin is better in many ways. The only problem, that it is not so stable, but in long terms it shows monster growth, which gold will never see again.
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July 14, 2017, 06:04:57 PM
 #489

Bitcoin is better in many ways. The only problem, that it is not so stable, but in long terms it shows monster growth, which gold will never see again.
I do not care about the stable in the bitcoin price because it is what makes bitcoin unite and awesome than other cryptos. THerefore, we should use bitcoin no matter how bad it can be because developers know how to fix bitcoin and make it run smoothly



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July 14, 2017, 06:39:34 PM
 #490

i think Better in which aspect exactly if in the possibility of generating massive return in a short period of time then it's better
However regarding the stability the less downward curve are better in gold than the volatile bitcoin
 IMO bitcoin is best as short term trading and gold as long term savings

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July 14, 2017, 07:54:53 PM
 #491

So Bitcoin is better than Gold? Roll Eyes
I can say that bitcoin is way more better than gold when it becomes to uses. Bitcoin can be transact easily and less hassle with just a press of your fingers. Gold in other hand, are hard to send or receive because it's heavy. But when it becomes to investment they are both good, but bitcoin is the future, the value of it will always be higher than gold. And it can work lile banks of real money and thats gold cannot do.
Yeah I really do agree with you that bitcoin has a large potential to enlarge a business or your money because the price of bitcoin goes up day by day and it will become the most high and expensive currency some day  so it’s much more better than gold .

Is already. The price of Bitcoin exceeded the price of an ounce of gold in March of this year (as I can remember). Bitcoin is more convenient to invest and pay. Gold has a stable price. It is difficult to compare such different units.
I do not say that yet, only value of bitcoin surpass by bitcoin but not the stability, bitcoin is good for me but not totally dominates gold. Gold investment has low risk because you have an physical item to hold or used unlike in bitcoin that was pure online investment.

Summarizing:
- Bitcoin = fast earnings + short term investment (for example, 2 years)
- Gold = stability + long-term investments (for example, 30 years)

We can not compare gold to BTC ...

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July 14, 2017, 08:09:53 PM
 #492

Bitcoin is better in many ways. The only problem, that it is not so stable, but in long terms it shows monster growth, which gold will never see again.
I do not care about the stable in the bitcoin price because it is what makes bitcoin unite and awesome than other cryptos. THerefore, we should use bitcoin no matter how bad it can be because developers know how to fix bitcoin and make it run smoothly
Yes that an awesome thing about bitcoin and if you compared it from other cryptos, its much higher advantage in terms of price stability for now. Eventhough it's not that stable, but generally the demand rises compared from fiat and gold. I couldn't agree more about it's good price for now, and all I have to say is no matter how hard the situation is; bitcoin is much better than gold.

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July 14, 2017, 10:30:10 PM
 #493

Bitcoin is certainly better than gold. I had earlier read an article somewhere where they say that if you had invested 10grand in bitcoin and gold simultaneously in 2010, the btc investment would be worth $200m today while your gold investment would be standing at $9900. It's therefore a no brainer as to which asset is more valuable.
In terms of investment, there is no doubt that bitcoin is the best investment because of its continuous rapid growth in all aspects like community and also in the price so if you have patience to wait at least 10 years then you can make a lot of money with bitcoin by just simply investing in bitcoin and keeping it on a safe place for a few years from now.
I agree with you, Bitcoin is not standing in one place, it can also be used like a currency to pay for things online so that its usages make its price keep changing which enable Bitcoin investors to have chance to make profits with Bitcoin.
Bitcoins are already accepted by some online shopping sites and soon will become common. It’s something who keeps growing tremendously unlike gold. Bitcoin is the future digital gold of the world. It’s more fruitful for its investors than gold.



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July 14, 2017, 11:53:43 PM
 #494

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







Thank you !! Thank you so much. This deserves to be quoted again. Thank you for this I saved these imagined now instead of explaining huge walls of text I simply refer s person to those tables. They very true and humourous too hahaha I love how it says to wear goves when touching money since it's filthy. Haha and gold is very shiney Wink

Whoever populated those charts obviously has no clue what they are talking about and are so biased the information is worthless.


1) Portability - moderate.  Lets apply some reality to this, a $40k gold bar is the size of a smart phone.  How many people here at any point in their lives have walked around with so much cash that it would equate to more than a 1kg bar or two what would easy fit in your pockets.

2) Divisibility - moderate.  You can buy gold in grains which is 1/15 of a gram.

3) Security  - moderate.  I bet I can come up with more major bitcoin hacks than you can major gold heists in the last few years.  Also take a quick look at the scam accusation thread on this forum then find me an equivalet version on a precious metals forum.

4) Easily transactable - Low.  I have strolled in to a bullion dealer, handed over 50oz of gold and the money was in my bank straight away.  Scale that up, some days several hundred million dollars of gold are dumped within seconds on the market.  If that happened to bitcoin there would be a major crash.

5) Decentralized - low.  Gold can be purchased virtually anywhere in the world.  It is also mined in numerous countries.

6) Anonomous - low - You can buy and sell gold for cash without any paper work or I.D requirements

7) Durability - low - They are pulling gold artifacts out of the ground that are thousands of years old and look as good as the day they were made.  Its an element that doesnt rust or degrade.

8 ) Scare - Moderate.  All the gold ever mined would fit on 1 tennis court.

9) Sovereign (Goverment issued) - Low.  Ever hear of "Sovereigns"  Roll Eyes  Nearly every country in the world has government issued gold coins



Clearly you live in the Stone age or medievil times. Gold ? Seriously ? Ok send me some gold right now ? Oh wait... It's physical in a digital world.

People don't walk around with that much value in gold or cash so I have no idea what you on about.

If you feel this way then get off the forum you don't belong here. Go buy metal. Good luck with that. Perhaps you should eeucste yourself about debeers gold mining company in South Africa.

You actually admit to "strolling" around with that much good ? Clearly not an intelligent thing to do. That why we do digital so someone cant mug us. How you gonna steal my Bitcoin when they virtual ?

Good can't be bought vertuakky anywhere many papers require ID and even background checks. Bitcoin I can buy right now in 2 minutes without getting off the chair.

Actually no it depends on where you live.

Your argument about durability is ridiculous. Digital items can't get damaged. Good can be lost.

All the Bitcoin ever minded can fit on a USB drive bs your tennis court.

The funniest thing is when you speak of scams. Lol. People have scammed people of valuable items since said item existed. Always will be that way. No scams with good ? Are you serious ? So what about stolen jewelty and good being bought and sold at dodgy dealers ? What about scams run involving gold investments ? Did you even do any research ? Also Debeers gold company release gold little by little and control the market . You can't control the bitcoin market.

Go buy some gold and leave Bitcoin alone. I'm sure you will get good returns.... Oh... Wait.... That's right....


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July 15, 2017, 01:21:31 AM
 #495

Gold can't be better then bitcoin because you can't send gold to someone or use it to pay for anything. How will you pay someone $3 ? You can't with gold.
That is why we no longer use gold. Can't run around with a pocket full of gold the whole time now can we ? Bitcoin is digital gold for the new age.

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July 15, 2017, 03:42:50 AM
 #496

Yes true, it can not be denied again that bitcoin is better than gold, I'm sure this trend will continue to happen until 10 years into the future.
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July 15, 2017, 03:49:01 AM
 #497

Yes true, it can not be denied again that bitcoin is better than gold, I'm sure this trend will continue to happen until 10 years into the future.

Bitcoin is better in so many ways but there are situations that gold is also good. The features of bitcoin is what makes it better than gold, confirmations are quite faster these days. But I don't think it will only last for only 10 years, there will be more to come in bitcoin.

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July 15, 2017, 03:58:09 AM
 #498

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






Based on the graph that you showed it really shows that bitcoin is really good in everything even in us dollar. The only problem that bitcoin has, is that the government cannot approved bitcoin to be a legal currency because some people use bitcoin for criminal activities that is very wrong. I hope that bitcoin can be approved by the government.

Dude anything can be used for criminal activity. Should we regulate everything ? Maybe my plastic butter knigr should be regulated in case I use it to hold up a bus or plane ? Why on Earth would you want the government involved in your affairs. The government doesn't care about the people.  Your government only starts to care when they know they have something to gain for doing nothing. Before bitcoin was worth so much they didn't care. Now they pretend to care only because they want to tax it. You saying you want to help that ? Ok dude enjoy giving over your Bitcoin in tax money. Hope you have a nice country that will use and not abuse it. I would rather give it to charity then let my government use it for curruption and luxery cars and private jets.

markj113
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July 15, 2017, 07:42:31 PM
 #499

Clearly you live in the Stone age or medievil times. Gold ? Seriously ? Ok send me some gold right now ? Oh wait... It's physical in a digital world.

People don't walk around with that much value in gold or cash so I have no idea what you on about.

If you feel this way then get off the forum you don't belong here. Go buy metal. Good luck with that. Perhaps you should eeucste yourself about debeers gold mining company in South Africa.

You actually admit to "strolling" around with that much good ? Clearly not an intelligent thing to do. That why we do digital so someone cant mug us. How you gonna steal my Bitcoin when they virtual ?

Good can't be bought vertuakky anywhere many papers require ID and even background checks. Bitcoin I can buy right now in 2 minutes without getting off the chair.

Actually no it depends on where you live.

Your argument about durability is ridiculous. Digital items can't get damaged. Good can be lost.

All the Bitcoin ever minded can fit on a USB drive bs your tennis court.

The funniest thing is when you speak of scams. Lol. People have scammed people of valuable items since said item existed. Always will be that way. No scams with good ? Are you serious ? So what about stolen jewelty and good being bought and sold at dodgy dealers ? What about scams run involving gold investments ? Did you even do any research ? Also Debeers gold company release gold little by little and control the market . You can't control the bitcoin market.

Go buy some gold and leave Bitcoin alone. I'm sure you will get good returns.... Oh... Wait.... That's right....

Quote
Clearly you live in the Stone age or medievil times. Gold ? Seriously ? Ok send me some gold right now ? Oh wait... It's physical in a digital world.
 -
You are obviously far more intelligent and have more financial connections than the Chinese and Russian governments + all those wealthy multi billionaires that hold gold but fuck all bitcoin.  Fact is there isnt one major financial institution or central bank that holds any bitcoin, they couldnt give a fuck about it.  Wonder why that is?

Do retards like you actually have any real money in the bank or do you just cling to your satoshis.  If I needed to send money to someone I log into my online banking, send it with zero transaction fees, zero waiting time (UK faster payments system) and no wild fluctuations in values.


Quote
If you feel this way then get off the forum you don't belong here. Go buy metal. Good luck with that. Perhaps you should eeucste yourself about debeers gold mining company in South Africa.
You are in no position to state who does and does not belong on this forum, learn your place.  There is money to be made in bitcoin short term and I am sure I have made a lot more than your broke ass.  Go buy metal?  Already have a couple of kg's of gold + constantly buying more.

Quote
Debeers gold company release gold little by little and control the market . You can't control the bitcoin market.
Dabeers actually controls the diamond market not the gold market, again your demonstrating you know nothing about what your talking about.

Also is they are able to control the gold market worth about $7.5 trillion why do you think people cant control the bitcoin market with a total market cap of 0.05% of golds?

p.s. judging by your spelling you obviously typed that post by smashing your face repeatedly into the keyboard   Roll Eyes Roll Eyes





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PacePay
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July 31, 2017, 10:01:25 PM
 #500

Depends on what you mean by "better'" as both serve different purposes aside being used as store of value . Maybe in the long run Bitcoin may be better if it becomes possible to produce gold in Factories.
That’s what exactly my point is. Bitcoins have their own place in the world, their own significance and same is the case with gold. There is no comparison between two. But still if we do comparison, bitcoins are far better to hold than gold and are far more beneficiary to investors.


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