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Author Topic: So Bitcoin is better than Gold?  (Read 52694 times)
yvesp110
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September 11, 2017, 05:26:16 PM
 #1081

Bitcoin is far better than gold. Bitcoin has a high value, easy to transfer, easy to carry, secure in wallets with 2 way security. Whereas gold is not much valuable as bitcoin is. And gold needs physical space
You have rightly mentioned all the possible reasons which support your argument that “Bitcoin is better than gold”. I think the most basic reason of placing Bitcoin at a higher place than gold is the increase in the market price so much significantly. Moreover the profit which the investors are getting is far more than if they have invested in gold.

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September 11, 2017, 05:32:36 PM
 #1082

there are many reasons why bitcoin has more opportunities for investors because of the soaring bitcoin price and this price will continue to soar the investors prefer the bitcoin of gold Cheesy

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September 11, 2017, 05:38:16 PM
 #1083

well for me definitely yes, first because gold is harder to find compared to bitcoins or to be precise there are more accessible ways for most people to gain bitcoins compared to mining and trading gold. Cheesy

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September 11, 2017, 05:55:00 PM
 #1084

I think you can make more profit in trading btc. Gold's price is stable.

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September 11, 2017, 05:57:47 PM
 #1085

So Bitcoin is better than Gold? Roll Eyes
I think Bitcoin is now better that any other things because of it's high rate
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September 11, 2017, 05:59:18 PM
 #1086

I think you can make more profit in trading btc. Gold's price is stable.

Don't think so. During the first decade of this century, there was a huge spike in the gold exchange rates. The exchange rates went up by up to 400% in a matter of 10-12 years.


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September 11, 2017, 06:09:08 PM
 #1087

Yes it better a lot in price at least
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September 11, 2017, 06:11:46 PM
 #1088

not really, but both have advantages and disadvantages of each.
bitcoin is easier to understand while gold's advantage is safer.

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September 11, 2017, 06:56:00 PM
 #1089

not really, but both have advantages and disadvantages of each.
bitcoin is easier to understand while gold's advantage is safer.
i think advantages of both are more that their disadvantage, to me although i have some gold in form of jewellery , but still i also trading bitcoin, because it is clear that bitcoin can give me more profit as compare to gold, as the price of gold is more stable and therefore we cannot expect that we can make good profit from holding golf even for a long time.

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September 11, 2017, 07:17:50 PM
 #1090

I love gold- but when you understand that fundamentally the only "inherent" value gold has is that we as humans simply LIKE it and value it for that reason, you realize that humans can view Bitcoin the same way. Crypto is use-able in ways gold is not.

 Peter Schiff made comments about how gold can be linked to a debit card and you can "spend" your gold which is stored in a companies vault. The problem with this is that at any moment the gov could shut that company down. Crypto cannot be shut down. You can outlaw it, but you will find it impossible to enforce. There is no central location or server to shut down, whereas with gold you can shut down the businesses and that leaves people with the ability to trade gold only face to face.

 People will always love gold, there will always be a market for it, but Crypto will totally eclipse it in value.

 The day will come when it's not even an interesting question to compare the two (because Cyrpto is so far ahead), but instead Crpto will solely compete with fiat.
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September 12, 2017, 07:40:13 AM
 #1091

So Bitcoin is better than Gold? Roll Eyes

There are some aspects that bitcoin is better than gold and then some when gold is better than bitcoin. It depends on the basis of comparison. When you talk about price then bitcoin is better than gold because bitcoin has thrice the price of gold but when it comes to popularity, gold is better than bitcoin since gold is known by everyone while bitcoin is still new so its not yet that popular. When it comes to traders, I think they would choose bitcoin over gold because a lot of trading opportunities in bitcoin because it is more volatile than gold.
Okay with the figures you briefed. But what you say about the market of bitcoins. They were figured out for the first time in 2008 and it is just eleventh year and see price rise from 0.04$ to $4661.61 so far.

Do the gold is going up with that much speed as gold ?


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September 12, 2017, 08:27:24 AM
 #1092

Yes off course results are shown below gold is low rated in front of Bitcoin,
This makes due to the high price of bitcoin and it is continuously high price Bitcoin make new high price gold cannot compete for this.

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September 12, 2017, 08:44:56 AM
 #1093

So Bitcoin is better than Gold? Roll Eyes

Uhhh, Yes and No- Bitcoin and Gold both have its advantages and disadvantages when compared to one another.

I would have to say this is one of the biggest questions asked by everyone ever since bitcoin was made. I think it is a bit unfair to compare to the 2 head to head as one is completely physical and the other is completely digital. As I've said before, both have their own glory.

GOLD

Gold is a stable commodity with little or no fluctuations over time. Since it is physical, it holds REAL value. Gold investment is usually made not to make profit or money from it, but rather to store funds in a stable way.
However, also since it is physical it means that it can easily be stolen.

BITCOIN

Bitcoins is a cryptocurrency, a new era of currencies and payment methods. Being the first of its kind, it has certain attracted plenty of attention and investors.
The price fluctuates depending on the amount that is being traded and outside entities, such as China's ICO ban. Bitcoin is also very secure and is 'fully' anonymous - well, to a certain degree.
The price trend in the last few months shows that the value of bitcoin will continue to go up, and not drop. This means that investors should be able to invest if their goal is to make profit, and not to secure wealth.
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September 12, 2017, 08:50:30 AM
 #1094

Bitcoin is growing but will it be stable forever? big question. Gold is the valuable thing that on demand all the time. I guess gold is better to keep funds in. Btc is better to generate these funds.
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September 12, 2017, 10:17:12 AM
 #1095

Gold and Bitcoin both have goods things about them, they are fundamentally different and for some use cases bitcoin is definitely better then gold and vice versa.
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September 12, 2017, 10:19:10 AM
 #1096

Gold will always remain gold and valuable.

Bitcoin on the other hand. Anything could happen to the value of Bitcoin. It could go through the roof, or drop to zero eg. if quantum computers suddenly become available.

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September 12, 2017, 01:02:51 PM
 #1097

Bitcoin Better than Gold?  Huh

Theory: when it was $1000 the first time, nobody could quite believe what was happening.
So as soon as it started to slip, they bailed.
When it was a few hundred, and started to slip, people said "hey I've already changed $100 into $20,000, better no get greedy!" and bailed.
Now we have lots of people who have bought because they believe it will go up and up and up.
They may be wrong, but their belief matters.
I think yes, bitcoin is far better than gold, because gold cannot be used for buying anything in the world, first you will have to change it in your local currency, then in the required one and then you will be able to use it. On the other hand gold reduces its price with the passage of time, while bitcoin increases its price as the time passes. Gold is not a business and bitcoin with a currency also a business too.
I don't think that gold decreases its price as the time passes because that is wrong and gold is like bitcoin that increases its value or price as the time passes but the only difference is, gold is slower to increase on its price than bitcoin which is faster and one of the most interesting investment and that is why i think bitcoin is better than gold because of how fast it is moving.
Come on dude, are you serious? If you voted bitcoins against gold that doesn't mean gold is totally useless. You don't believe me, take some gold to a shop and try to make a deal, I bet no one will reject having it. However, in the terms of transaction and profits, BTCs beat gold. That's why it is better than gold.

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Harriti
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September 12, 2017, 05:43:28 PM
 #1098

Yes off course results are shown below gold is low rated in front of Bitcoin,
This makes due to the high price of bitcoin and it is continuously high price Bitcoin make new high price gold cannot compete for this.
Bitcoin is new type investment and it look like as speculative than investment for long term in Gold. However, some people still keep their opinion is investing to Bitcoin = investing for future. What do you think about this opinion?

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pushups44
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September 12, 2017, 05:50:48 PM
 #1099

These threads keep popping up and unfortunately these assets are pitted against each other. Gold and bitcoin share similar traits and should be seen as complementary. Also gold's history ought to be appreciated by sensible people.

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September 12, 2017, 05:52:05 PM
 #1100

Yes for sure. Besides being much more practical because it is not a physical thing, we still have the advantage of not having to destriur the middle of BTC. We have these and many more advantages over gold.

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