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Author Topic: Now a days Bitcoin is going to Became More Valuable Than Gold  (Read 940 times)
superhelper (OP)
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July 30, 2017, 11:32:05 AM
 #1

The cost of a single Bitcoin already rose above the cost of an ounce of gold. the bitcoin price go up $2,631 where the 1 ounce gold price is $1320. It is really true that the price of bitcoin is doubled than the price of gold! I noticed that the units of measurement are not comparable, the falling price of gold and rising price of bitcoin is still nonetheless, significant. We can not imagine that  Which is better for our future collecting Gold or gathering Bitcoin? Huh  We should discuss about the future of Bitcoin price and Gold. I think in the digital world bitcoin will be more valuable than any other currencies! I also think that this is the real time to discuss about the future of bitcoin and gold.
OmegaStarScream
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July 30, 2017, 01:40:36 PM
 #2

You really can't do that comparison. I believe that both bitcoin and gold can co-exist and while bitcoin can die at any time, Its not the case for gold. It's being there for thousands of years and I see no reason on why It should disappear now and If you really wanted to compare then you should take a look at the value of gold in circulation ($7 trillion).

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July 30, 2017, 02:04:11 PM
 #3

You really can't do that comparison. I believe that both bitcoin and gold can co-exist and while bitcoin can die at any time, Its not the case for gold. It's being there for thousands of years and I see no reason on why It should disappear now and If you really wanted to compare then you should take a look at the value of gold in circulation ($7 trillion).
This is totally true plus gold is much more accepted and trusted compared to bitcoin. I'm not saying bitcoin is not but not all people know bitcoin and will not even try to learn about it and gold has been very valuable and precious since ancient times and I don't see any reason for it to change.

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July 30, 2017, 02:21:29 PM
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You really can't do that comparison. I believe that both bitcoin and gold can co-exist and while bitcoin can die at any time, Its not the case for gold. It's being there for thousands of years and I see no reason on why It should disappear now and If you really wanted to compare then you should take a look at the value of gold in circulation ($7 trillion).
This is totally true plus gold is much more accepted and trusted compared to bitcoin. I'm not saying bitcoin is not but not all people know bitcoin and will not even try to learn about it and gold has been very valuable and precious since ancient times and I don't see any reason for it to change.

If you want to get rich you have to take higher risk than just holding gold. The technical analysis on gold is an obvious bear trend. I wouldn't bother with gold at all unless it bottoms, and it must bottom hard for it to be considered a buy.

Gold has no intrinsic value no matter how much goldbugs try to brainwash you into thinking it has, the use cases on the industry could be replaced by other materials.

Bitcoin has more intrinsic value in my book. Being able to move money across borders is an intrinsic feature of bitcoin that gold can never have. This alone makes it more valuable, and the marketcap is tiny so the potential to anywhere from x10 to x1000 in the next decade are very realistic.
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July 30, 2017, 02:30:13 PM
 #5

You really can't do that comparison. I believe that both bitcoin and gold can co-exist and while bitcoin can die at any time, Its not the case for gold. It's being there for thousands of years and I see no reason on why It should disappear now and If you really wanted to compare then you should take a look at the value of gold in circulation ($7 trillion).

I agree with this. The fact said earlier might be true but we can never compare a volatile, rapidly changing crypto to a gold. The gold value will never vanished like the possibility that the bitcoin will. Smiley
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July 30, 2017, 02:33:23 PM
 #6

I actually feel that today bitcoin has exceeded the price of gold. Bitcoin is more valuable and a luxury item than gold. Gold was once a very good item but now bitcoin has gone through gold and then bitcoin will be much more valuable than diamonds.
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July 30, 2017, 03:08:25 PM
 #7

Wow these thing should be over. Comparing a cryptocurrency to a precious metal seems to be over the board here. You have your points on Bitcoin being priced higher compared to Gold but really why are you comparing the two. Gold as of right now is more stable than Bitcoin and it has been used by banks and federal reserves as a way to boost and make our economy stable. You think with a volatile currency such as Bitcoin are nations will have the same effect? I guess not. Let us not be fooled by the price, it only tells a part of the story not everything.
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July 30, 2017, 03:11:03 PM
 #8

shouldn't compare Bitcoin to gold. Gold is recognized in the world and can be controlled, while Bitcoin is objected in some country by uncontrolling. And Bitcoin is still electronic money but Gold is seen as paper money
Makka
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July 30, 2017, 03:14:15 PM
 #9

The cost of a single Bitcoin already rose above the cost of an ounce of gold. the bitcoin price go up $2,631 where the 1 ounce gold price is $1320. It is really true that the price of bitcoin is doubled than the price of gold! I noticed that the units of measurement are not comparable, the falling price of gold and rising price of bitcoin is still nonetheless, significant. We can not imagine that  Which is better for our future collecting Gold or gathering Bitcoin? Huh  We should discuss about the future of Bitcoin price and Gold. I think in the digital world bitcoin will be more valuable than any other currencies! I also think that this is the real time to discuss about the future of bitcoin and gold.

The price of bitcoin is really becoming more and more expensive, even more expensive than gold. But the question is always there: for how long? How long does bitcoin last? We are not certain how long it will last. What I know for sure is that it will not last forever. Gold will be there for as long as humans exist.
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July 30, 2017, 03:17:16 PM
 #10

The cost of a single Bitcoin already rose above the cost of an ounce of gold. the bitcoin price go up $2,631 where the 1 ounce gold price is $1320. It is really true that the price of bitcoin is doubled than the price of gold! I noticed that the units of measurement are not comparable, the falling price of gold and rising price of bitcoin is still nonetheless, significant. We can not imagine that  Which is better for our future collecting Gold or gathering Bitcoin? Huh  We should discuss about the future of Bitcoin price and Gold. I think in the digital world bitcoin will be more valuable than any other currencies! I also think that this is the real time to discuss about the future of bitcoin and gold.

because bitcoin is more rare than gold, and gold is measured in once, if you measure in gram it would be difficult for bitcoin to take over the gold value, but yes bitcoin has a better future ahead, the value can increase a lot surpassing gold in any scenario you want to talk about

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July 30, 2017, 03:24:20 PM
 #11

That's a far fetched comparison knowing bitcoin is still a young currency and still trying to convince people to adopt and use it.. only time will tell if it will be around for a long time unlike gold which has an established and ready market.

To make the comparison interesting and fair for the two valuable commodities why not compare an ounce of gold to a satoshi ?
Variogam
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July 30, 2017, 03:36:41 PM
 #12

I noticed that the units of measurement are not comparable

Your right, you can use the same units of measurement like market cap. Then owning 0.001% of all Gold become more valuable than owning 0.001% of all Bitcoin.
Singwala
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July 30, 2017, 03:38:13 PM
 #13

Don't compared Bitcoins & Gold Gold yes can overtake by Bitcoins but not the value I know bitcoins can take higher price than Gold. But think about it. GOLD use 1000 years ago and still exist while bitcoins can be disappeared once the 21 Million BTC mine all.

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ShadowBits
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July 30, 2017, 03:47:57 PM
 #14

The cost of a single Bitcoin already rose above the cost of an ounce of gold. the bitcoin price go up $2,631 where the 1 ounce gold price is $1320. It is really true that the price of bitcoin is doubled than the price of gold! I noticed that the units of measurement are not comparable, the falling price of gold and rising price of bitcoin is still nonetheless, significant. We can not imagine that  Which is better for our future collecting Gold or gathering Bitcoin? Huh  We should discuss about the future of Bitcoin price and Gold. I think in the digital world bitcoin will be more valuable than any other currencies! I also think that this is the real time to discuss about the future of bitcoin and gold.


Gone were the days we were advised to invest in 4G's (ground, gun, gold, grub), you probably have read that in books authored by the famous writer of Rich Dad, Poor Dad Smiley I am not here to contest his belief but even he himself has been engaging in Bitcoin lately.
Investing in blockchain technology is the new emerging investment opportunities that could deliver the right combination of risk vs return. Be an altcoin fundamentalist, the payoff could be massive.
Forget that antiquated thinking that the way to get million in a short time is winning a lotto or rob a bank!


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July 30, 2017, 03:56:28 PM
 #15

- Gold has unlimited supply and its value is just based on its demand for jwellery while bitcoin has limited supply and its demand is growing rapidly every year over the world.

- Bitcoin price have increased significantly over the last few years and overall trend for bitcoin is just up while gold doesn't have strong upward trend if we even look at long term trading chart.

- Bitcoin is more secure than gold and easy to transfer from one place to another.

I think bitcoin is way better than gold to invest into.
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July 30, 2017, 05:49:25 PM
 #16

I think this was discussed several times in many other threads.

Bitcoin is completely different thing than gold but both are compared with each other because both are profitable asset for investors. However bitcoin have very huge potential compared to gold in terms of price growth in future. Bitcoin can still attract billions or even trillions of dollar that can easily shoot price to 10x or even more within next few years.


 
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July 30, 2017, 05:55:36 PM
 #17

There is comparison at all in between gold and bitcoin. Neither they have similar characters nor both have same function. If course bitcoin is ahead of gold because it is modern new generation currency and gold well it's just gold now. The hike in bitcoin is due to its adanvced tech and support by billions of people. I'm sure when half if the worlds population goes into bitcoin then the price will rise ultimately to 29k to 35k in no matter of time. At that time gold will look like piece of junk if compared with bitcoin.
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July 30, 2017, 07:52:00 PM
 #18

I actually feel that today bitcoin has exceeded the price of gold. Bitcoin is more valuable and a luxury item than gold. Gold was once a very good item but now bitcoin has gone through gold and then bitcoin will be much more valuable than diamonds.
I agree with this statement definitely. Bitcoin’s worth has increased for sure and comparing it with gold also makes sense. Because the users of bitcoin used to invest in the terms of gold. And the profit was also not actually comparable with bitcoin because bitcoin has improved a lot and is improving day by day.

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July 31, 2017, 12:05:44 PM
 #19

I actually feel that today bitcoin has exceeded the price of gold. Bitcoin is more valuable and a luxury item than gold. Gold was once a very good item but now bitcoin has gone through gold and then bitcoin will be much more valuable than diamonds.

exactly you are right sir!
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July 31, 2017, 12:10:44 PM
 #20

The cost of a single Bitcoin already rose above the cost of an ounce of gold. the bitcoin price go up $2,631 where the 1 ounce gold price is $1320. It is really true that the price of bitcoin is doubled than the price of gold! I noticed that the units of measurement are not comparable, the falling price of gold and rising price of bitcoin is still nonetheless, significant. We can not imagine that  Which is better for our future collecting Gold or gathering Bitcoin? Huh  We should discuss about the future of Bitcoin price and Gold. I think in the digital world bitcoin will be more valuable than any other currencies! I also think that this is the real time to discuss about the future of bitcoin and gold.
They are different and you cant compare it to gold.If you do speak on prices we can really say that bitcoin does have the edge but seeing on the foundation i can say that gold do really have the edge, Price might behind on bitcoin but its strong and cant be easily be down knowing that gold is a valuable metal on this world which means it cant be easily vanished which would really possible on bitcoin anytime.

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