Gold Versus Bitcoin?

[ledu_ico]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

[TanyaDegurechaff]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

It is unlikely that bitcoin will take over gold because the value of currency of a country is based on gold. The more gold you have on reserve the higher the value of the currency is. And one of the best characteristics about gold is that it never days and its value almost never decreases. As for bitcoin its value is very volatile it can go from &5000 a coin to $3000 in just minutes depending on the situation, but don't think that being volatile is a bad thing because just like what happened recently that bitcoin price has skyrocketed and many have earned huge amounts of money after they have bought bitcoin even though there is a fud by china. So it really depends on how it is manage and invested and by whom is investing in it. for governments gold is the better option and for companies and individuals bitcoin is better.

[mk4]

Depends how much gold you're referring to(ounce,gram,kilo). I'm going to assume you meant a Kilo of gold (currently around $41,350) since bitcoin has already surpassed the price of an ounce and a gram of gold. Will it overtake the price of a kilo of gold? I believe so as it's very possible. The only question is when.

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

It is unlikely that bitcoin will take over gold because the value of currency of a country is based on gold. The more gold you have on reserve the higher the value of the currency is. And one of the best characteristics about gold is that it never days and its value almost never decreases. As for bitcoin its value is very volatile it can go from &5000 a coin to $3000 in just minutes depending on the situation, but don't think that being volatile is a bad thing because just like what happened recently that bitcoin price has skyrocketed and many have earned huge amounts of money after they have bought bitcoin even though there is a fud by china. So it really depends on how it is manage and invested and by whom is investing in it. for governments gold is the better option and for companies and individuals bitcoin is better.

Bitcoin's volatility is normal due to it being a very new asset, unlike gold. But yes, gold's price is drastically less volatile.

[rony01941]

bitcoin price is determined based on the price of gold.
So it will not be able to rise above the saddle.
It will help in overall development of the country.
Hope everyone can understand.

[Kemarit]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Isn't bitcoin has already surpasses in term of its price?

However, there's no doubt that gold has been with us for thousands of years and has a good tracking record. It was even used as payment method during the last World War so definitely gold is a good hedge. Although one advantage of bitcoin is that its inflationary nature. Its supply is pegged at roughly 21M so there's no over production on bitcoin and the value can rise overtime. But gold, with its rich history can't be taken for granted and many gold investors are buying it because its really a 'store of value" and not relying to internet. This is some of the argument that gold holders has, bitcoin network can be disrupted anytime specially in the case of a global war wherein there's no internet. With that said, we must take advantage of them both. If you have the capacity to buy, then diversity and get gold and bitcoin as hedge.

[cyclotronmajesty]

Both are good as an investment and people have more faith in gold only because it exists since long time and in long term people have made good profits from it but its price is not too volatile like bitcoin so if you want to make huge profits in quick time then bitcoin is the right choice for you as even with small investment you can expect best profits depending on the price of bitcoins.

[mobnepal]

Have a look at this chart  


Bitcoin's price is surging everytime when there is fear in the market because of fuds and hypes. Gold's price is quite stable but what you can get in return after a year by just holding gold is way lower than what you can get with bitcoin. Its risky to invest in bitcoin but if we look at how much you can make it is worth to take that risk.

[Wind_FURY]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

It is unlikely that bitcoin will take over gold because the value of currency of a country is based on gold. The more gold you have on reserve the higher the value of the currency is.

Don't you know that most of the countries are not using the gold standard anymore? That age has passed but some countries still do have gold reserves and use them as a hedge against the US Dollar. But that does not mean their currency's value will be higher the more gold they have stored.

And one of the best characteristics about gold is that it never days and its value almost never decreases. As for bitcoin its value is very volatile it can go from &5000 a coin to $3000 in just minutes depending on the situation, but don't think that being volatile is a bad thing because just like what happened recently that bitcoin price has skyrocketed and many have earned huge amounts of money after they have bought bitcoin even though there is a fud by china. So it really depends on how it is manage and invested and by whom is investing in it. for governments gold is the better option and for companies and individuals bitcoin is better.

Gold is traded in markets around the world, of course its value also goes down. Check the price per ounce of gold today and compare it with Bitcoin per coin.

https://www.bloomberg.com/quote/XAU:CUR
https://www.cryptocoinsnews.com/bitcoin-price/

Set the charts to a 5 year time frame. Which would you buy?

[iamTom123]

Will bitcoin overtake gold’s place? It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation. Are you hedging in preference to bitcoin over gold?

In terms of value, I think Bitcoin has already overtaken gold and even in terms of potential return of investment (ROI) as gold has had almost flat earnings for the past many years. We have to understand, however, that Bitcoin and gold are two different investment tool or vehicle and they should not be competing at each other. They have similarities but also differences.

Investors and traders know the importance of gold especially in international commerce as it has been called as the safe haven due to its value and stability. Gold can backed the value of a country's currency though many countries had been off the gold's standard a long time ago.

Bitcoin has been very volatile unlike gold and though we now realize that one factor for Bitcoin's popularity is actually volatility there are still many people who are turned off of it. Had I got the big money to invest I would be giving my nod to both gold (for stability and safety) and for Bitcoin (for high ROI and excitement).

Why not take both, right?

[sunsilk]

Before when I see people comparing bitcoin to gold I used to say that gold is a different thing, it's physical investment and it's value is even better than bitcoin.

But things has changed and also my belief as well. Bitcoin can possibly overtake gold's value but not it's place as it's still a different thing, the value of gold can be surpass by bitcoin.

I don't limit bitcoin's value now, as it keeps on growing it can even overcome almost every investment and this is very possible.

[mathuo 444]

Gold is hardware staff so it can’t loss it is Value

Bitcoin price is higher than gold and if many users trust in it price will be more than diamond

[adam1230]

I search all over the internet but cannot find a chart for bitcoin/gold if anyone knows a chart for this pair please share.
this is a good indicator for price prediction.

[LeGaulois]

Investing in gold and investing in Bitcoin is totaly different
People investing in gold are mainly those who are looking to protect their funds in case of an economic crisis, war, or just because they prefer this over their saving account in a bank.
Currently the ones investing in Bitcoin are doing it with the only purpose to generate a profit

[solarion]

I search all over the internet but cannot find a chart for bitcoin/gold if anyone knows a chart for this pair please share.
this is a good indicator for price prediction.

I am damn sure you have not surf about in online. In February itself bitcoin cost surpasses the one ounce of gold rate. You may another thread in the economics section created in February. I don't what chart you are expecting to see.
If want to see press release about it. Check in CoinDesk news. There you can find what expect to see. Since fatal error passing in the site can't send to here. Check with the instructions you have.

[Bram 666]

only thing that BTG made is pump bitcoin price more than 1,000$

[Ivan16]

This is difficult question if we follow predicions thay says that bitcoin will be 100k to 500k and we see how bitcoin raise every month or day i will choose bitcoin.

[mrcash02]

Investing in gold and investing in Bitcoin is totaly different
People investing in gold are mainly those who are looking to protect their funds in case of an economic crisis, war, or just because they prefer this over their saving account in a bank.
Currently the ones investing in Bitcoin are doing it with the only purpose to generate a profit

Most traditional people prefer gold as usual since much time ago, they don't trust Bitcoin as it appeared recently and many experts that traditional people like to hear don't have a concrete opinion about Bitcoin yet, they just say it's a bubble, a Ponzi scheme and other negative things... But it's true that the main investor of Crypto-Currency world is the speculator and other people trying to make fast profit easily. And what you say is true also, gold is used to keep funds without fear of depreciation in fiat.

[darkangel11]

only thing that BTG made is pump bitcoin price more than 1,000$

Do you really believe this pump is because of BTG that may never be accepted anywhere and that can be trading for something like $10 each? lso, we aren't talking about bitcoin gold here, but bitcoin and physical gold!

I search all over the internet but cannot find a chart for bitcoin/gold if anyone knows a chart for this pair please share.
this is a good indicator for price prediction.

http://www.xe.com/currencycharts/?from=XBT&to=XAU&view=1Y
Not that hard to find. You can clearly see that 1BTC used to be worth less than 1 ounce of gold just a year ago, and now it's over 4! IMO that's an incredible gain.

[monsterous]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

it take gold place Because

1) it can divided to small parts like 1 $

2) price more than gold

[Omega Weapon]

Have a look at this chart  


Bitcoin's price is surging everytime when there is fear in the market because of fuds and hypes. Gold's price is quite stable but what you can get in return after a year by just holding gold is way lower than what you can get with bitcoin. Its risky to invest in bitcoin but if we look at how much you can make it is worth to take that risk.

I love the comments in the graph, people see what they want to see and if they want to say bitcoin is not going to last they are going to find something to support their criticism despite that fact that bitcoin is probably the most profitable investment since the date bitcoin was created, but if they want to keep badmouthing bitcoin let them, we will get the profits and they will get the regrets.

[Indrawan77]

No,  it wont replace gold ,  bitcoin is a currency and was created for transaction not for investment,  and becuase it hasn't been fully regulated,  so we cant be sure of bitcoin fate in the future,  but gold will always be accepted, and the government will surely support gold over bitcoin,  bitcoin could surpassed gold but it cant replace gold places

[pixie85]

No,  it wont replace gold ,  bitcoin is a currency and was created for transaction not for investment,  and becuase it hasn't been fully regulated,  so we cant be sure of bitcoin fate in the future,  but gold will always be accepted, and the government will surely support gold over bitcoin,  bitcoin could surpassed gold but it cant replace gold places

Currencies are also a good investment vehicle. Historically people used to store coins when there was no paper money and then paper money when those became a thing.
You can still hear stories of old people literally sleeping on money. I think people will keep storing Bitcoin because of its independence and lack of connection to a country of origin.

[Lieldoryn]

No,  it wont replace gold ,  bitcoin is a currency and was created for transaction not for investment,  and becuase it hasn't been fully regulated,  so we cant be sure of bitcoin fate in the future,  but gold will always be accepted, and the government will surely support gold over bitcoin,  bitcoin could surpassed gold but it cant replace gold places

Currencies are also a good investment vehicle. Historically people used to store coins when there was no paper money and then paper money when those became a thing.
You can still hear stories of old people literally sleeping on money. I think people will keep storing Bitcoin because of its independence and lack of connection to a country of origin.

All those who slept on the money eventually lost their money. The government periodically switch the bills and at this point many lose their cash savings. Gold protects its owners. From the reliability point of view gold is the best investment. But there is a market, and now it is on the side of bitcoin. But it will not always.

[Ayiranorea]

Gold and bitcoin were entirely different from each other. Gold is an asset, but with bitcoin it's all about technology and growth happens completely based in the user involvement. Gold has a standard which grows with stability, bitcoin might have surpassed but it haven't gained the trust as Gold.

[Bezobraznike]

Gold and bitcoin were entirely different from each other. Gold is an asset, but with bitcoin it's all about technology and growth happens completely based in the user involvement. Gold has a standard which grows with stability, bitcoin might have surpassed but it haven't gained the trust as Gold.

   Bitcoin can not replace gold entirely. People can change their minds about where to
save money, and they can choose bitcoin over gold. That is not simple decision, who
like to risk more will buy just bitcoins, safe players will buy both and be secured on
two places.
   Bitcoin is new, it is silly to compare trust in gold and in bitcoins. With gold we know
with our first steps, and about bitcoin people still do not know much, there is still many
people in this world that does not know about bitcoin existence.

[Lampaster]

Gold and bitcoin were entirely different from each other. Gold is an asset, but with bitcoin it's all about technology and growth happens completely based in the user involvement. Gold has a standard which grows with stability, bitcoin might have surpassed but it haven't gained the trust as Gold.

It seems to me that the only difference is that gold has a physical form, the bitcoin of this form does not and is only in the virtual world. Gold is also an asset whose price depends on agreement between people. Gold we don't need for everyday life. This means that the price for it is conditional and depends only on demand. Bitcoin has the same characteristics. Bitcoin is the equivalent of labor invested in its purchase. Now it is growing in price because it attracts itself inflationary Fiat. Then it will not.

[cryptojac17]

Gold and bitcoin were entirely different from each other. Gold is an asset, but with bitcoin it's all about technology and growth happens completely based in the user involvement. Gold has a standard which grows with stability, bitcoin might have surpassed but it haven't gained the trust as Gold.

   Bitcoin can not replace gold entirely. People can change their minds about where to
save money, and they can choose bitcoin over gold. That is not simple decision, who
like to risk more will buy just bitcoins, safe players will buy both and be secured on
two places.
   Bitcoin is new, it is silly to compare trust in gold and in bitcoins. With gold we know
with our first steps, and about bitcoin people still do not know much, there is still many
people in this world that does not know about bitcoin existence.

Gold in our era still strong. But because of technology we come out the idea of bitcoin a virtual currency which is versatile and draw the attention investors that's why the prices is sky rocketed and fore now its more valuable than gold if you own BTC  it just like you have a ledger a list that justified you own BTC. if you have gold you should have a vault where gold to kept. you can hold it you can sold it but you carry it any time because its material things, bottom line is they both asset and the question is who will prevail.

[liseff3]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Do you know?, Since Monday march 6 2017 bitcoin has exceeded the price of gold,

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

It is unlikely that bitcoin will take over gold because the value of currency of a country is based on gold. The more gold you have on reserve the higher the value of the currency is. And one of the best characteristics about gold is that it never days and its value almost never decreases. As for bitcoin its value is very volatile it can go from &5000 a coin to $3000 in just minutes depending on the situation, but don't think that being volatile is a bad thing because just like what happened recently that bitcoin price has skyrocketed and many have earned huge amounts of money after they have bought bitcoin even though there is a fud by china. So it really depends on how it is manage and invested and by whom is investing in it. for governments gold is the better option and for companies and individuals bitcoin is better.

I agree to your opinion.
The value of currency of a country is based on gold.
For governments gold is the better option and for companies and individuals bitcoin is better.

Both are good as an investment and people have more faith in gold only because it exists since long time and in long term people have made good profits from it but its price is not too volatile like bitcoin so if you want to make huge profits in quick time then bitcoin is the right choice for you as even with small investment you can expect best profits depending on the price of bitcoins.

I agree with you.
Bitcoin itself is known to often experience high fluctuations, whereas gold has of price stability
I`m new here as trader, but i`m tend to choose bitcoin.
Because, Bitcoin price always experienced very aggressive price fluctuations.

[JimboToronto]

It wasn't all that long ago that achieving gold ounce price parity was a big deal.

Now each bitcoin is worth more than a quarter pound of gold.

 

[meebs]

Looking at the growth of bitcoins in recent times I will gamble my money by investing everything in bitcoin to make huge profits in short term as I don't like to wait longer to make profits so gold is not the best choice as the price of gold is very stable so profits making would be an time consuming process.

[Torque]

Gold and silver are for insurance, money of last resort. There's a reason why the world's central banks own metric tons of the stuff.

But don't expect huge gains from PMs since their price is strictly controlled and manipulated by the Powers That Be. They might rise every 10-20 years at best.

[Ferris419]

Bitcoin for short term
Gold for long term
Both are really good as an investment and both have their own unique features so instead of depending on one its good to invest in both of them.

[Omega Weapon]

No,  it wont replace gold ,  bitcoin is a currency and was created for transaction not for investment,  and becuase it hasn't been fully regulated,  so we cant be sure of bitcoin fate in the future,  but gold will always be accepted, and the government will surely support gold over bitcoin,  bitcoin could surpassed gold but it cant replace gold places

All currencies are investment vehicles as well, you just need to look at the forex market one of the biggest markets of world where the only thing traded are not stocks but currencies, so whether we like it or not the fact that bitcoin is a currency also means that is an investment, and what an investment it is, it has given to all of us incredible profits without having to do anything except to hold our bitcoin.

[Lieldoryn]

No,  it wont replace gold ,  bitcoin is a currency and was created for transaction not for investment,  and becuase it hasn't been fully regulated,  so we cant be sure of bitcoin fate in the future,  but gold will always be accepted, and the government will surely support gold over bitcoin,  bitcoin could surpassed gold but it cant replace gold places

All currencies are investment vehicles as well, you just need to look at the forex market one of the biggest markets of world where the only thing traded are not stocks but currencies, so whether we like it or not the fact that bitcoin is a currency also means that is an investment, and what an investment it is, it has given to all of us incredible profits without having to do anything except to hold our bitcoin.

First, you correctly reasoned but then you lost the logic. Currencies have a price if they are used for investment. Please tell me who uses bitcoin for investment? Bitcoin grows in value because it is not the laws of a civilized market. In all markets there are certain rules that limit the ability to speculate. Bitcoin is deprived of control and so all of the bitcoin community is in the hands of speculators.

[Izarok]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Bitcoin has already overtaken gold in terms of pricing and profitability. Bitcoin's volatility and it being decentralize is its major asset.

[AjithBtc]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Bitcoin has already overtaken gold in terms of pricing and profitability. Bitcoin's volatility and it being decentralize is its major asset.

In terms of value, gold has been surpassed long back. But in terms of capital market as well in terms of user network we're yet to travel long. Gold as an commodity has been making it more valuable as it's not widely available. Here with bitcoin the technology generates the supply to the demand. Based on which volatility becomes an issue with gold users while bitcoin users love the volatility.

[ivrynx]

I think we can compare the two how they started, at first only a few group of people are using them, then  there came a time when others are ignoring their value, since it is something new, then the acceptance that both can be used as currency and will become an asset later in the future. I think you failed to recognize that Bitcoin is called gold 2.0 for a reason, that is, it will be valued more than gold, will be used as currency as gold, and will over time become a fortune like gold, I think there are a lot of similarities between gold and Bitcoin, the only difference that I am seeing is the timeline, if gold is being used today like Bitcoin, they can be contemporary, however gold's time is already done and has been replaced by Fiat, while this time, Bitcoin is digital gold, and we live in a digital era,  it only means having Bitcoin is like having gold as well.

[Lancusters]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Bitcoin has already overtaken gold in terms of pricing and profitability. Bitcoin's volatility and it being decentralize is its major asset.

In terms of value, gold has been surpassed long back. But in terms of capital market as well in terms of user network we're yet to travel long. Gold as an commodity has been making it more valuable as it's not widely available. Here with bitcoin the technology generates the supply to the demand. Based on which volatility becomes an issue with gold users while bitcoin users love the volatility.

Not all bitcoin users love its volatility. It is beneficial only to traders. Many of the users collect coins for their accounts. For them, a price drop is a shock. Commodities trading is too slow to use bitcoin because its behavior is not predictable. It seems to me that the stability of bitcoin prices would be more positive than its volatility.

[CoinsCoinsEverywhere]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Bitcoin has already overtaken gold in terms of pricing and profitability. Bitcoin's volatility and it being decentralize is its major asset.

In terms of value, gold has been surpassed long back. But in terms of capital market as well in terms of user network we're yet to travel long. Gold as an commodity has been making it more valuable as it's not widely available. Here with bitcoin the technology generates the supply to the demand. Based on which volatility becomes an issue with gold users while bitcoin users love the volatility.

What do you mean by this?  Bitcoin's supply is ultimately fixed (as long as the developers/community never decide to increase it, but that's another debate for another time).  In fact, while gold is rare and expensive to mine, its supply is less fixed than bitcoin as more gold deposits are continually being discovered.

[pantherx12]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Bitcoin has already overtaken gold in terms of pricing and profitability. Bitcoin's volatility and it being decentralize is its major asset.

In terms of value, gold has been surpassed long back. But in terms of capital market as well in terms of user network we're yet to travel long. Gold as an commodity has been making it more valuable as it's not widely available. Here with bitcoin the technology generates the supply to the demand. Based on which volatility becomes an issue with gold users while bitcoin users love the volatility.

What do you mean by this?  Bitcoin's supply is ultimately fixed (as long as the developers/community never decide to increase it, but that's another debate for another time).  In fact, while gold is rare and expensive to mine, its supply is less fixed than bitcoin as more gold deposits are continually being discovered.

You are so wrong. There are so many gold in the world that everyone can have it more than 1 kilo. But it's not profitably for monopolistic govorments that has power so they lower supply artificially to upper price for it and to have control on it.

[CoinsCoinsEverywhere]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Bitcoin has already overtaken gold in terms of pricing and profitability. Bitcoin's volatility and it being decentralize is its major asset.

In terms of value, gold has been surpassed long back. But in terms of capital market as well in terms of user network we're yet to travel long. Gold as an commodity has been making it more valuable as it's not widely available. Here with bitcoin the technology generates the supply to the demand. Based on which volatility becomes an issue with gold users while bitcoin users love the volatility.

What do you mean by this?  Bitcoin's supply is ultimately fixed (as long as the developers/community never decide to increase it, but that's another debate for another time).  In fact, while gold is rare and expensive to mine, its supply is less fixed than bitcoin as more gold deposits are continually being discovered.

You are so wrong. There are so many gold in the world that everyone can have it more than 1 kilo. But it's not profitably for monopolistic govorments that has power so they lower supply artificially to upper price for it and to have control on it.

If you google how much gold has been mined globally, you'll find that it's much less than that.  It sounds like it's hard to estimate the exact amount (which isn't surprising, of course), but if you look at the 2011 numbers here: http://www.numbersleuth.org/worlds-gold/ they estimate that there's only around 24 grams of gold per person on the planet.  Even if they're off by a little bit, that's nowhere close to 1 kg.

[iqlimasyadiqa]

Bitcoin for short term
Gold for long term
Both are really good as an investment and both have their own unique features so instead of depending on one its good to invest in both of them.

I agree with you . That both are a good investment. which distinguishes only its use and timing. gold is a very good investment if done in the long term because gold has a good level of security and the risk of price reduction is very small while in a short time then we can take advantage of Bitcoin as a very profitable investment. Both can be utilized in accordance with the conditions that we passed. We should be able to put it right because when we can put it right then we can get a satisfactory result in both.

[vickycoin05]

Bitcoin for short term
Gold for long term
Both are really good as an investment and both have their own unique features so instead of depending on one its good to invest in both of them.

I agree with you . That both are a good investment. which distinguishes only its use and timing. gold is a very good investment if done in the long term because gold has a good level of security and the risk of price reduction is very small while in a short time then we can take advantage of Bitcoin as a very profitable investment. Both can be utilized in accordance with the conditions that we passed. We should be able to put it right because when we can put it right then we can get a satisfactory result in both.

After all, gold is a historical store of value and is recognized all over the world but considering the huge appreciation of bitcoin an analysis of these two is more than warranted. So I may say that linaeup with an analysis vs gold analysis and be careful not to engage in wishful and lastly, focus on the facts and risk.

[supandi wiharja]

I think gold or bitcoin both have good potential. But the difference between the two does exist, gold has a real shape while the form of bitcoin is digital or can not be seen.
The characteristic of bitcoin has in common with gold, is just as limited, not produced or controlled by individuals or corporations.
I think someone is more confident with gold, because gold is long there while the existence of new bitcoin is in 2009.
I prefer gold for safe investment because its value is not too volatile while bitcoin investment is risky, its value fluctuate but quickly gain profit.

[Blockfolioz]

Bitcoin for short term
Gold for long term
Both are really good as an investment and both have their own unique features so instead of depending on one its good to invest in both of them.

I agree with you . That both are a good investment. which distinguishes only its use and timing. gold is a very good investment if done in the long term because gold has a good level of security and the risk of price reduction is very small while in a short time then we can take advantage of Bitcoin as a very profitable investment. Both can be utilized in accordance with the conditions that we passed. We should be able to put it right because when we can put it right then we can get a satisfactory result in both.

After all, gold is a historical store of value and is recognized all over the world but considering the huge appreciation of bitcoin an analysis of these two is more than warranted. So I may say that linaeup with an analysis vs gold analysis and be careful not to engage in wishful and lastly, focus on the facts and risk.

Yes, gold has got a great history behind it making it more valuable and universally accepted. The same years if when backed behind bitcoin all that we have reached will be much higher. Hoping this in mind bitcoin seems better at some point and gold looks valuable in some other factor.

[Greenkarki]

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

it take gold place Because

1) it can divided to small parts like 1 $

2) price more than gold

I would go with Bitcoin now. The price would definitely increasing in future still. Though there is dip at times,  it does not go down drastically. It recovers back to a genuine rate. So I believe in investing in bitcoins as of now.

[jackhdt]

We must go back to discuss philosophy. The currency used for the expression and measure the value of the goods. Want to measure the value of the goods, the currency itself must also have the value. So functional currency as a measure of value is Gold.To measure the value of the goods is not required to be cash that need only compare with the amount of gold in the idea. And Bitcoin is a currency, namely the digital money so the present value of Bitcoin is weighs in gold.

[CoinsCoinsEverywhere]

I think gold or bitcoin both have good potential. But the difference between the two does exist, gold has a real shape while the form of bitcoin is digital or can not be seen.
The characteristic of bitcoin has in common with gold, is just as limited, not produced or controlled by individuals or corporations.
I think someone is more confident with gold, because gold is long there while the existence of new bitcoin is in 2009.
I prefer gold for safe investment because its value is not too volatile while bitcoin investment is risky, its value fluctuate but quickly gain profit.

The fact that gold is a tangible asset makes it much more universally appealing.  Technology is certainly the way of the future, but it has its limits.  You have to have a computer, electricity, and an internet connection to be able to use bitcoin.  Under some circumstances (power outage, natural disaster, etc.), you may be lacking one or more of these, making cryptos useless, at least for a time.

[Nazmul012]

 bitcoin price raises so fast & bitcoin gives us a chance to make a lot of profit from it but besides gold price raises so slowly & gives us low profit than bitcoin. furthermore bitcoin have some more facilities but gold haven't. i think that's people would like to investment with bitcoin than gold. and thus its possible to btc overtake gold place

[Ararbermas]

bitcoin price raises so fast & bitcoin gives us a chance to make a lot of profit from it but besides gold price raises so slowly & gives us low profit than bitcoin. furthermore bitcoin have some more facilities but gold haven't. i think that's people would like to investment with bitcoin than gold. and thus its possible to btc overtake gold place

indeed bitcoin is in a high value than gold now adays. Thats why some of people decide to invest in bitcoin instead of gold cause gold value now adays is to cheap. And investing on bitcoin can makes alot of profit even not long term investment we have a chance to earn much profit cause even bitcoin always volatile its keep climbing to higher value.

[Nazmul012]

bitcoin price raises so fast & bitcoin gives us a chance to make a lot of profit from it but besides gold price raises so slowly & gives us low profit than bitcoin. furthermore bitcoin have some more facilities but gold haven't. i think that's people would like to investment with bitcoin than gold. and thus its possible to btc overtake gold place

indeed bitcoin is in a high value than gold now adays. Thats why some of people decide to invest in bitcoin instead of gold cause gold value now adays is to cheap. And investing on bitcoin can makes alot of profit even not long term investment we have a chance to earn much profit cause even bitcoin always volatile its keep climbing to higher value.

yes mate you are right and I'm agree with your opinion.  really bitcoin is the best currency and its like money maker machine.  wanna earn some more profit from it

[Collider]

bitcoin price raises so fast & bitcoin gives us a chance to make a lot of profit from it but besides gold price raises so slowly & gives us low profit than bitcoin. furthermore bitcoin have some more facilities but gold haven't. i think that's people would like to investment with bitcoin than gold. and thus its possible to btc overtake gold place

Even gold is good as an investment but if you want to make best profits from it then you need to wait for a very long time and that is not the case with bitcoins as it can give you very high profits in quick time and that also with an limited investments so at this stage if I have to invest my money then I will surely prefer bitcoins over gold as I don't have patience to hold my investments longer to make profits from it.

[hahahafr]

I dont understand why some people are still creating those kind of stupid comparations, it is obviously that gold will always be better than bitcoin because it has been a real currency for more than centhuries, and a lot of countries are using gold as a real reserve to keep their funds backed-up with something safe, like gold.
And we all know that gold is not volatile, it is going up by at least 2-3 percent a year and that is enough for a lot of people, it is not going to go down for a while.
Maybe it is one of the most safest investments, and the best way to hold your money while you are growing it at all.

[hovrah]

bitcoin price raises so fast & bitcoin gives us a chance to make a lot of profit from it but besides gold price raises so slowly & gives us low profit than bitcoin. furthermore bitcoin have some more facilities but gold haven't. i think that's people would like to investment with bitcoin than gold. and thus its possible to btc overtake gold place

Even gold is good as an investment but if you want to make best profits from it then you need to wait for a very long time and that is not the case with bitcoins as it can give you very high profits in quick time and that also with an limited investments so at this stage if I have to invest my money then I will surely prefer bitcoins over gold as I don't have patience to hold my investments longer to make profits from it.

I would not talk about the real market value of gold and its comparison with Bitcoin, because gold has a very different value that Bitcoin does not have. The fact is that even the physical body of gold already provides an opportunity to talk about the minimum risks of investment in this metal. While Bitcoin is practically a soap bubble and does not have any equivalent of a product or something like that. But the fact that bitcoin is today is almost the most expensive thing in the world.

[Thanasis]

I dont understand why some people are still creating those kind of stupid comparations, it is obviously that gold will always be better than bitcoin because it has been a real currency for more than centhuries, and a lot of countries are using gold as a real reserve to keep their funds backed-up with something safe, like gold.
And we all know that gold is not volatile, it is going up by at least 2-3 percent a year and that is enough for a lot of people, it is not going to go down for a while.
Maybe it is one of the most safest investments, and the best way to hold your money while you are growing it at all.

Ofcourse gold is safer than than the bitcoin investment the price will increase 2% or 3% per year as you said but when we see the growth of the bitcoin last year its upto $1000%.So do you still think gold is better.
In terms of investment which is giving the high profits in little time is the better investment,in old days gold did that because bitcoin was just invented in 21 century.Now bitcoin is giving the good profits than the gold or any other investments so i will say its is the best investment over gold.

[gatti]

bitcoin price raises so fast & bitcoin gives us a chance to make a lot of profit from it but besides gold price raises so slowly & gives us low profit than bitcoin. furthermore bitcoin have some more facilities but gold haven't. i think that's people would like to investment with bitcoin than gold. and thus its possible to btc overtake gold place

indeed bitcoin is in a high value than gold now adays. Thats why some of people decide to invest in bitcoin instead of gold cause gold value now adays is to cheap. And investing on bitcoin can makes alot of profit even not long term investment we have a chance to earn much profit cause even bitcoin always volatile its keep climbing to higher value.

yes mate you are right and I'm agree with your opinion.  really bitcoin is the best currency and its like money maker machine.  wanna earn some more profit from it

To me Bitcoin is always better than a  Gold.If you want to inverse means bitcoin is best compared to gold I think. In bitcoin you will get double or triple of money you inverse in it.

[Casabrandy]

bitcoin price raises so fast & bitcoin gives us a chance to make a lot of profit from it but besides gold price raises so slowly & gives us low profit than bitcoin. furthermore bitcoin have some more facilities but gold haven't. i think that's people would like to investment with bitcoin than gold. and thus its possible to btc overtake gold place

indeed bitcoin is in a high value than gold now adays. Thats why some of people decide to invest in bitcoin instead of gold cause gold value now adays is to cheap. And investing on bitcoin can makes alot of profit even not long term investment we have a chance to earn much profit cause even bitcoin always volatile its keep climbing to higher value.

yes mate you are right and I'm agree with your opinion.  really bitcoin is the best currency and its like money maker machine.  wanna earn some more profit from it

To me Bitcoin is always better than a  Gold.If you want to inverse means bitcoin is best compared to gold I think. In bitcoin you will get double or triple of money you inverse in it.

gold still have value as of now and good for investing for long term, it hust thant coins were much easier to use now for transactions and it will be much better to monitor than gold that needs too much security and effort to save.

[Hateculd75]

Gold have it place but only government and rich men can invest in gold so that yes bitcoin will replace gold for public (medium and high income people )
Gold is god money and bitcoin is people money, using bitcoin will give you freedom from govenment and others that want you to pay more taxes all over your life.
we need both bitcoin and gold. gold for save our money and bitcoin for investing and generate more money.

Buy gold buy bitcoin

[sofi@]

I think sooner bitcoin will overtake gold market. The growing demand and wider popularity of bitcoin makes it the top investment of today's. Gold will still be a good thing to invest and has become stable for a long period now but bitcoin starting to become a big hit with its very promising value appreciation which gold did not experience in its existence. If government will support bitcoin it can be more in demand and valuable.