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Author Topic: So Bitcoin is better than Gold?  (Read 51578 times)
DRVX
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September 03, 2017, 05:01:39 PM
 #961

gold can only be for investment, while bitcoin has more functions that is investment and trading, so more profit earned bitcoin than gold  Grin
You can use gold for trading lol. Actually, you can use anything you want for trading. Secondly, since the price of bitcoin is too high, many people intend to hold their bitcoin instead of spending it. And if the situation continues, bitcoin will not longer be a currency anymore because the only thing people want is the profit from bitcoin

Oh, come on. Not all people only hold bitcoin. I often buy some things via bitcoin, like hosting or some other services! It very useful to buy some things on foreign sites without credit card!

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grermezter
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September 03, 2017, 05:19:50 PM
 #962

gold can only be for investment, while bitcoin has more functions that is investment and trading, so more profit earned bitcoin than gold  Grin
You can use gold for trading lol. Actually, you can use anything you want for trading. Secondly, since the price of bitcoin is too high, many people intend to hold their bitcoin instead of spending it. And if the situation continues, bitcoin will not longer be a currency anymore because the only thing people want is the profit from bitcoin

Oh, come on. Not all people only hold bitcoin. I often buy some things via bitcoin, like hosting or some other services! It very useful to buy some things on foreign sites without credit card!
Even though that's the case, i wish we should all endeavor to hold onto bitcoins and use our normal money to do various things that we will want to do and treat bitcoins sorely as an investment rather than a normal currency for their day to day activities.
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September 03, 2017, 05:24:18 PM
 #963

I prefer bitcoin than gold. You can buy gold with bitcoin  Grin

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September 03, 2017, 05:34:44 PM
 #964


there's also a chance that bitcoin will outgrow gold as far as I can be, but now the bitcoin price is too high today if it is 2020 maybe 25k $ per bitcoin i think


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September 03, 2017, 05:39:18 PM
 #965


there's also a chance that bitcoin will outgrow gold as far as I can be, but now the bitcoin price is too high today if it is 2020 maybe 25k $ per bitcoin i think

Even at $25,000 per coin, the total market capitalization of Bitcoin would be around 1/20th of that of gold. In order to beat gold, Bitcoin needs to climb up to half a billion USD per coin. And this is exactly the value which John McAfee is predicting.

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September 03, 2017, 05:40:58 PM
 #966

I prefer bitcoin than gold. You can buy gold with bitcoin  Grin

Bitcoin is better than gold, there are a lot of reasons to this. The price of bitcoin fluctuate very fast which attract the investors on the other hand the price of gold is stable. Now you can directly pay your bills, purchase different things and send bitcoin to other people but in case of gold you have to convert it to fiat first so bitcoin is doing the job of currency for some people and the job of commodity for others.
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essentia


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September 03, 2017, 05:45:42 PM
 #967

One of the user has described clearly through an image. In that image lot of different features have been discussed and the final outcome is clearly in support to bitcoin. Expect the same to continue for long years as the price pumping keeps on reaching a bigger point with more users coming into the bitcoin usage.

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September 03, 2017, 05:52:01 PM
 #968

I prefer bitcoin than gold. You can buy gold with bitcoin  Grin

Bitcoin is better than gold, there are a lot of reasons to this. The price of bitcoin fluctuate very fast which attract the investors on the other hand the price of gold is stable. Now you can directly pay your bills, purchase different things and send bitcoin to other people but in case of gold you have to convert it to fiat first so bitcoin is doing the job of currency for some people and the job of commodity for others.
but I think that we cannot ignore the Importance of both bitcoin as well as gold. gold is a precious element and people are using for a lot of reason, I think that still majority of people have more trust on gold as they do not know about bitcoin. I think gold is too good to keep our assets more safe.

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September 03, 2017, 06:24:24 PM
 #969

Yes bitcoin is better than gold, because bitcoin is gives opportunity to invest and easy to earn. Most of people believe in bitcoin because its trusted and profitable. While gold is not be used in terms of payment. Bitcoin can be used in online transactions. Bitcoin is better in investment than gold. Bitcoin is better than gold because still bitcoin has many advantages it pays no interest, it can be stored for a long period of time.
Said truly! We cannot earn gold with as much ease as bitcoins. Actually, we cannot even earn it... -_- We can only buy gold whereas bitcoins can be earned by variety of ways. It is better in price, profits, transactions, security, anonymity etc when compared with gold.

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warr1979
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September 03, 2017, 06:52:46 PM
 #970

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






It is good to have a visual representation of the cons and pros of each set of the value of Bitcoin, fiat and gold. But for me before we look at the comparison between a two common denominator we should also consider bother differences and the similarities of the the two. We all know that gold is a natural resources and bitcoin is a technological currency as a form of crypto-currency that each has difference between the movement of their value.
Actually if Bitcoin want create more supply coins in future, it is not impossible.
So, if you compare Gold to Bitcoin about limit supply and rare, maybe you are wrong and in someday, you will surprise when Bitcoin upgrade Cheesy
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September 03, 2017, 06:54:12 PM
 #971

I prefer bitcoin than gold. You can buy gold with bitcoin  Grin

Bitcoin is better than gold, there are a lot of reasons to this. The price of bitcoin fluctuate very fast which attract the investors on the other hand the price of gold is stable. Now you can directly pay your bills, purchase different things and send bitcoin to other people but in case of gold you have to convert it to fiat first so bitcoin is doing the job of currency for some people and the job of commodity for others.
but I think that we cannot ignore the Importance of both bitcoin as well as gold. gold is a precious element and people are using for a lot of reason, I think that still majority of people have more trust on gold as they do not know about bitcoin. I think gold is too good to keep our assets more safe.

We can never ignore their existence or presence. But we can't say that bitcoin is better or more stable than gold. Gold is always better in terms of price fluctuation. Bitcoin is so volatile, might cause problems for its holders.

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September 03, 2017, 06:55:49 PM
 #972

Yes bitcoin is better than gold, because bitcoin is gives opportunity to invest and easy to earn. Most of people believe in bitcoin because its trusted and profitable. While gold is not be used in terms of payment. Bitcoin can be used in online transactions. Bitcoin is better in investment than gold. Bitcoin is better than gold because still bitcoin has many advantages it pays no interest, it can be stored for a long period of time.
Said truly! We cannot earn gold with as much ease as bitcoins. Actually, we cannot even earn it... -_- We can only buy gold whereas bitcoins can be earned by variety of ways. It is better in price, profits, transactions, security, anonymity etc when compared with gold.

Yeah and bitcoin has limited supply and once the demand of bitcoins will go to the moon it will take its price to the moon too which is never possible with gold and it will give you only limited profits and that also after holding it too long but bitcoin can give you much higher profits so investing in bitcoin looks good at a moment.

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September 03, 2017, 07:08:20 PM
 #973

While the price of bitcoin is growing too fast, bringing a big profit, it is better than gold. But when its price becomes stable - it will lose its value and significantly fall in price.

Is this really what you think? soon as it goes stable it would dump? sorry but that's just silly.

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September 03, 2017, 08:31:15 PM
 #974

Yes bitcoin is better than gold, because bitcoin is gives opportunity to invest and easy to earn. Most of people believe in bitcoin because its trusted and profitable. While gold is not be used in terms of payment. Bitcoin can be used in online transactions. Bitcoin is better in investment than gold. Bitcoin is better than gold because still bitcoin has many advantages it pays no interest, it can be stored for a long period of time.
Said truly! We cannot earn gold with as much ease as bitcoins. Actually, we cannot even earn it... -_- We can only buy gold whereas bitcoins can be earned by variety of ways. It is better in price, profits, transactions, security, anonymity etc when compared with gold.

Yeah and bitcoin has limited supply and once the demand of bitcoins will go to the moon it will take its price to the moon too which is never possible with gold and it will give you only limited profits and that also after holding it too long but bitcoin can give you much higher profits so investing in bitcoin looks good at a moment.
yes that is right that we can see that Gold also has a very stable price and we can see a very little change in its price that is why people also like gold to keep their assets safe their. but still those people who want to increasing the amount of their assets then they try to invest money in bitcoin because bitcoin always give good chances to people to make money.
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September 03, 2017, 10:17:25 PM
 #975

We cannot compare this 2 together.
Gold - stability, price haven't change for allmost nothing in last few years
Bitcoin - profitabillity, price in higher and higher day by day with small corrections

In my oppinion it is worth to have both.
I do not think that gold is a good option right now since we are living the world full of technology. Therefore, holding bitcoin will give us more chance to earn more money and interact with the future sooner than other people. Although the price of gold is stable, people still prefer something which can bring the more money than usual
People prefer things which make profit or store of value for them. It is good to have assets divided into several different industries as cryptocurrencies - BTC, precious metals - gold and real estate. If one of them make loss, the other two will make profit or be a store of value.
We have to know that everyone not accepts BTC yet.

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September 03, 2017, 10:22:06 PM
 #976


there's also a chance that bitcoin will outgrow gold as far as I can be, but now the bitcoin price is too high today if it is 2020 maybe 25k $ per bitcoin i think
You are right, I think that bitcoin is more better than gold for different features, for example, bitcoin price is more higher, and it increased a lot compared to the gold, Also nowdays, not a lot of peoples use bitcoin in the world, I think it's no more that 1%. So there is a a high chance for bitcoin to grow a lot and achieve 20k$ or maybe more in aroud 5 years.

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September 03, 2017, 11:12:08 PM
 #977

I prefer bitcoin than gold. You can buy gold with bitcoin  Grin

Bitcoin is better than gold, there are a lot of reasons to this. The price of bitcoin fluctuate very fast which attract the investors on the other hand the price of gold is stable. Now you can directly pay your bills, purchase different things and send bitcoin to other people but in case of gold you have to convert it to fiat first so bitcoin is doing the job of currency for some people and the job of commodity for others.
but I think that we cannot ignore the Importance of both bitcoin as well as gold. gold is a precious element and people are using for a lot of reason, I think that still majority of people have more trust on gold as they do not know about bitcoin. I think gold is too good to keep our assets more safe.

We can never ignore their existence or presence. But we can't say that bitcoin is better or more stable than gold. Gold is always better in terms of price fluctuation. Bitcoin is so volatile, might cause problems for its holders.
that is right to say that we cannot ignore the importance of gold as it has a very stable price, but i think that the investors will always like to invest money in bitcoin because they will like to turn their investment double and not only to save it without any profit. in fact most of the people use gold only for saving purposes while for investment they give preference to bitcoin.
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September 04, 2017, 12:23:38 AM
 #978

So Bitcoin is better than Gold? Roll Eyes

Yes, it is. And it is still soaring. Smiley
For now it is way better than gold as the price is concern.
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September 04, 2017, 12:25:50 AM
 #979

True bitcoin is much better than gold and also safer when compared to gold, through investing in bitcoin your money in a very profitable and incremental way for a while at least because bitcoin prices increase day by day.
For me bitcoin is better than gold.
I am not agree with your point of view because for me bitcoin is much better than gold the price of the bitcoin is very high and it is still growing and other thing that if you will keep your bitcoin in a hardware wallet you can keep your bitcoin secure for life time but in gold you cannot keep it for so long because any one anytime can steal it from you and you cannot carry your gold along with you outside it can going to be snatched by the street robbers but bitcoin is your property that no one can ever snatch from you ever.
you're reaching so hard it's unbelievable; first off, there's been numerous accounts and stories of bitcoin theft, you can just Google it and we at least 20 separate, major cases. secondly, you cannot simply compare gold, an asset with a history of stability and growth, with bitcoin, an extremely new idea with a history of volatility.
thats true, there are even thousands of news about bitcoin theft, mostly happening in exchange (because it does not have high security). I think you can not tell which one is best, you can not compare on one side only. because there are many advantages between the both, bitcoin and gold are a profitable investment (I think that's the answer)

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September 04, 2017, 12:26:58 AM
 #980

Yes bitcoin is better than gold, because bitcoin is gives opportunity to invest and easy to earn. Most of people believe in bitcoin because its trusted and profitable. While gold is not be used in terms of payment. Bitcoin can be used in online transactions. Bitcoin is better in investment than gold. Bitcoin is better than gold because still bitcoin has many advantages it pays no interest, it can be stored for a long period of time.
Said truly! We cannot earn gold with as much ease as bitcoins. Actually, we cannot even earn it... -_- We can only buy gold whereas bitcoins can be earned by variety of ways. It is better in price, profits, transactions, security, anonymity etc when compared with gold.

Yeah and bitcoin has limited supply and once the demand of bitcoins will go to the moon it will take its price to the moon too which is never possible with gold and it will give you only limited profits and that also after holding it too long but bitcoin can give you much higher profits so investing in bitcoin looks good at a moment.
yes that is right that we can see that Gold also has a very stable price and we can see a very little change in its price that is why people also like gold to keep their assets safe their. but still those people who want to increasing the amount of their assets then they try to invest money in bitcoin because bitcoin always give good chances to people to make money.

The benefit of investing money in bitcoin is that it can generate outstanding profits for you in very short time which is hard to expect from gold as its price is stable and cannot give you huge profits so people who wants to make huge profits will always go with bitcoins.


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