Bitcoin is comparable to gold

[Terry05]

I think its not when we say comparable the two factors has almost same characteristics. Maybe today bitcoin is overtaking the price of Gold, but when we look in a big picture Gold is more stable and it is being recognize all over the world , while bitcoin is not. Gold reserved also being considered in economy of every country while bitcoin for now its not. Maybe someday bitcoin will be more stable once all country will embrace these kind of digital currency.

[lighpulsar07]

here we go again you can't just compare gold and bitcoin, they have a very huge differences from other and besides gold's market capitalization is around 7 trillion and bitcoin's market cap is only 100 billion and the gold's price is very stable while bitcoin isn't yes indeed the prics of bitcoin is verh high compared to gold but take a look on gold it has a very stable market and very reputable.

[Meepospammer]

Right now, we cant argue with this since bitcoin is on top of the chart. But if you want a more assured investment go for gold since its value is stable throughout. Don't make your decision in the spur of the moment since the two is really not debatable, gold always win.

[Pasnik]

You cannot compare bitcoin and gold, gold is an asset which price is stable and ofcourse anyone can also take profit . While in bitcoin when you notice the price it is very expensive compare when it was release in the market. It is indeed decentralized which everyone could earn income.

[Gotottack]

if you want only get profit bitcoin is the best
if you want saving and long term investment gold physic is above bitcoin

I agree with these statements. First, gold is better than Bitcoin in a sense that it is widely accepted worldwide as compared to the latter. I think it is also safe to say that many would prefer gold than Bitcoin because the former is a tangible property while the latter is only an intangible property whereby there is no guarantee nor guaranty to warrant protection from the government.   

[Qartersa]

For now it's not. Because bitcoin is far superior, visible with increasingly high prices. But both have their own weaknesses and advantages. Bitcoin excels with its transaction system but there is no "real value" like gold.

I agree at some point. But just to be clear, I think anyone can come up with a comparison based purely on its monetary equivalent or value at the moment. Nonetheless, we cannot disregard the fact that both have similarities as well. Just that to me, I would go for gold rather than Bitcoin because of its clear and accepted worth in trade and commerce, unlike in Bitcoin whose value is still very much questionable. 

[Lipe490]

I think it's still early to compare bitcoin to gold for the simple fact that one is a tangible asset and the other is not. Even because we are living times of possible wars between countries and this only causes the price of gold to rise dramatically. You can take a look and check on the evolution of the price of gold in times of crisis, it rises like a rocket as it is a form of alternative wealth and the major banks of the world have a huge stock of it. Bitcoin however is innovative as a payment method it still coexists with real money since people only actually own money when they exchange bitcoin for fiduciary currency. We might see this change in next years maybe. I think the only thing comparable to gold right now is the oil and silver.

[danherbias07]

It is way different.
It will be lightweight and faster. Risk is also minimized. You dont need to bring physical money or gold to another person just so you could trade.
It can handle a large amount of money to be send with just using your fingers and the internet.

[fiulpro]

Hey

I disagree completely well bitcoin and gold both are source of income and thus they can be seen similar in many ways but, gold unlike bitcoins is stable it won't ever go.. Below a certain value.
But bitcoins can loose their value anytime ! Literally
And the price is right now high because of Bitcoin gold that is going to give people a chance to earn free cash, but anyways it won't be feasible because people are gonna dump bitcoins afterwards and that will cause the price of bitcoins to fall sharply and then gold will never see any senario like that thus I feel they are completely different.

[MiningSensei]

Nah you can not compare bitcoin with gold, they are very different things and there is nothing that you can compare with them, it sounds crazy too, gold has always been one of the most stables currencies that have ever exists, and bitcoin is the most volatile e-comodditie that existed, just 400% in a year is a lot, and in gold, you might see 3% a year or maybe a little bit more.
And you also know that gold will never dissapear, and with bitcoin, you dont know that.

[Misshi]

Though Bitcoin objective is to be the next currency, in current's situation it is not how it is. Bitcoin and Gold is a commodity wherein you both buy it for a certain value. And its value will increase or decrease. It is like speculating its price.

[Lamisa asfiya]

bitcoin  is digital currency. it is better than gold.few reasons are given below :1.gold is physical  thing,but bitcoin is not.
2.bitcoin is computerized, but gold is not.
3.bitcoin is more profitable than gold.
4.price of bitcoin is increasing with time, but gold's price can't.
5.gold can be steal by someone, but bitcoin  can't steal.

so,look there. bitcoin is comparable to gold.

[RiskySanchez]

Bitcoin is the best choice if u wanna get more profit than other investment. Bitcoin more popular and have. have enthusiasts from all over the world to make bitcoins like gold and gems with system Blockchain. I'm sure for the future of Bitcoin

[MukulTaneja]

as per price is concerned bitcoin is much better than gold as per how its price is going,but gold is physical while bitcoin is online making gold to be at little disadvantage because internet could crash,or some virus could corrupt bitcoin,but this is not so case with gold.

[Rishabh riyz]

BItcoins are comparable to gold , well they both have something in common like both are used as an asset, they Botha re limited etc:-
But BTC have some more advantages that make them a better asset then gold like:-
+ BTC can also be used as an asset.
+ it is a digital decentralised crypto currency. , this gives BTC a big lead.
+ BTC has the potential to overcome fiats and become a globally accepted currency.

[fredforthewin]

It is pretty comparable to gold yes. I think it all depends on what you are using it for. Long term holding seems like bitcoin would be a better option for profits but there is more risk. Gold has a longer track record and seems safer. It all depends on your risk reward calculating.

[valisa]

bitcoin can be comparable to gold even according to more than gold, because the increase is slightly higher than gold. so in my opinion bitcoin is one of the best investments for now.

[Marucya]

Bitcoin can be compared to gold in the sense that it gradually loses the function of the payment function due to the high cost of transactions and increasingly performs the function of accumulating value, that is, it actually performs the main function of gold. With the increase in the bitcoin rate, and also due to its limited quantity, this function will only increase.

[syntac]

In my opinion today bitcoin even exceeds the price of gold, that's a fantastic thing. Ancient wealth is identical with having a lot of gold, but not anymore. The rich are now synonymous with simplicity, but have advanced thinking on technology and always follow a positive trend like having bitcoin.

[kpcian]

Yes, It is obvious. If you consider about the current condition of Bitcoin then you have to compare Bitcoin with the gold. day by day Bitcoin is getting acceptable and profitable currency in the virtual world. though Bitcoin is newly invented currency it is getting replaced with gold day by day. people are choosing Bitcoin for the purpose of saving and investment.