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Author Topic: Guys please no more talk of Bitcoin better than gold  (Read 259 times)
Walrus1
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January 15, 2018, 10:55:15 AM
 #1

Each thing is a thing to itself. If you say btc will replace gold you are saying btc will replace all metals of value. It
Makes no sense. Will Bitcoin replace bonds cause btc can have a higher yield. Remember, some day btc is replacing tulips at the moment. Open your minds a bit more and realize btc is not the end all be all. I love it, and have quite a bit, but I also have a safe full of gold. They are two separate entities, at one point it was confiscated from the people of the us and was illegal to hold. Those of you who keep saying this make me think you are not diversified and it's not always a good idea so stop this stupid gold comparison
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January 15, 2018, 11:02:07 AM
 #2

Each thing is a thing to itself. If you say btc will replace gold you are saying btc will replace all metals of value. It
Makes no sense. Will Bitcoin replace bonds cause btc can have a higher yield. Remember, some day btc is replacing tulips at the moment. Open your minds a bit more and realize btc is not the end all be all. I love it, and have quite a bit, but I also have a safe full of gold. They are two separate entities, at one point it was confiscated from the people of the us and was illegal to hold. Those of you who keep saying this make me think you are not diversified and it's not always a good idea so stop this stupid gold comparison
This is just true. It is just like someone saying that bitcoin is better than ethereum or ethereum is better than bitcoin. Yes, they are both cryptocurrency but with different and unique qualities. So gold is metal while bitcoin is cryptocurrency

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January 15, 2018, 11:03:38 AM
 #3

Each one has its own relevance in real life. It's not about being better. It's like saying that a hot blonde is better than a hot brunette. Which is not true.
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January 15, 2018, 11:44:06 AM
 #4

Each one has its own relevance in real life. It's not about being better. It's like saying that a hot blonde is better than a hot brunette. Which is not true.
that's it my friend. You said in good terms. I am not saying anything bad about btc, I love it and if anyone knew who satoshi was I think he deserves the Nobel in economics. We just have hundreds of posts here with people saying Bitcoin is better than gold. It makes absolutely no sense. Perhaps btc will settle as a store of value similar to gold although is a world wide legal tender, go to Alaska, you can buy anything with gold, but I do hope btc doesn't remain mainly a store of value I would love to see it used much more as a currency than it is now.
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January 15, 2018, 06:18:58 PM
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 #5

Gold has been a store of wealth for 5,000 years and has a finite amount available and bit-coin with it's
many clones has an infinite amount of numbers to pick from and sub divide

No comparison to make here between the two and quantum computing will ensure all
the Bitcoins not cashed in will become worthless in about ten years time so poor boy Danny Tulip
only lived until the age of 19 and that's only going to happen if BTC fees are not reduced back
down to $0.50 like yesterday.

Kids today, what are they teaching them apart from how to not say anything in case the left
wing nazi's in power points the finger and mutter the words "Hate Speech"
 

Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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January 15, 2018, 06:25:21 PM
 #6

Gold has been a store of wealth for 5,000 years and has a finite amount available and bit-coin with it's
many clones has an infinite amount of numbers to pick from and sub divide

No comparison to make here between the two and quantum computing will ensure all
the Bitcoins not cashed in will become worthless in about ten years time so poor boy Danny Tulip
only lived until the age of 19 and that's only going to happen if BTC fees are not reduced back
down to $0.50 like yesterday.

Kids today, what are they teaching them apart from how to not say anything in case the left
wing nazi's in power points the finger and mutter the words "Hate Speech"
 
There isn’t a finite amount of Gold in the world but rather Bitcoin has the finite quantity. I would want to know how the bitcoin market is going to be like when the last bitcoin is mined. But when OP talks about gold and bitcoin, he should realize that though bitcoin can be used for jewelry and other stuff it’s rather more used an investment.



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January 15, 2018, 06:28:15 PM
 #7

Yeah i think we should stop comparing about two different things lets just accept the fact that they're both usefull in this world. And stop being a cancer here in society in bitcoin just be a normal user
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January 15, 2018, 06:41:51 PM
 #8

both of them is valuable but gold already exist since thousands of years ago and for me rather than compare them i think have them as my asset would be good for my future investment and gold will never lost the value and gold also will never be lack of interest and bitcoin had through plenty process which makes this digital currency will be so valuable for me even bitcoin have good potential to grow more than now in the future so in my view have both of them as my asset will ensure my investment growing from year to year
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January 15, 2018, 07:00:18 PM
 #9

This comparison is meaningless. Gold is only a kind of exchange, of course, it is valuable, but it also has shortcomings, not easy to carry and not be easily divided. In addition, the value of gold is slower. But its value fluctuations are relatively stable. The investment in bitcoin is very unstable, and bitcoin can also change our future life and change some of the inherent patterns. This is not what gold can do. The two will not replace each other.
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January 15, 2018, 07:05:10 PM
 #10

stop comparing about two different things .bitcoin can also change our future life . gold is metal while bitcoin is cryptocurrency

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January 15, 2018, 07:18:33 PM
 #11

I'm will not say that diversifying your investments is a bad decision, because it's not, but you can't avoid the comparison between bitcoin and gold. The fact is that bitcoin mimics gold very well, and in fact presents a lot of advantages over that precious metal. It's much more secure, because bitcoin can't be counterfeit. If you receive a bitcoin in your account you know it's real, either you are an expert or not. If you receive gold and you don't know anything about it, you should actually go to a specialist, because it might be fake.

Also, you know the real supply of bitcoin, and you don't really know the total supply of gold. You can also easily spent or store bitcoin, and you can't actually do that with gold, since you don't take gold bars to a store and try to spend them. I know you can't really spent bitcoin very well right now, but it will get there eventually, and you just can't do that with gold, and never will because it's not practical.

The list goes one, and right now, the only thing gold has in it's favor, is that it already well regulated, and people actually trust it, as for bitcoin, there is still a lot of speculation around it, and we can't say for sure that it will achieve all of it's goals, or any at all.

Gold also has many other use cases, and is not just linked to financial markets, but although bitcoin can only be tied to financial use cases, it will be quite good at that, so I can't say that's a disadvantage for bitcoin.

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January 15, 2018, 07:29:10 PM
 #12

The problem in here, is that most people who say that bitcoin is better than gold do not even know what bitcoin is, or how does it works.
So do not take it seriously, because they are just posting to increase their activity, nothing more than that.

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July 10, 2018, 01:08:50 PM
 #13

Each thing is a thing to itself. If you say btc will replace gold you are saying btc will replace all metals of value. It
Makes no sense. Will Bitcoin replace bonds cause btc can have a higher yield. Remember, some day btc is replacing tulips at the moment. Open your minds a bit more and realize btc is not the end all be all. I love it, and have quite a bit, but I also have a safe full of gold. They are two separate entities, at one point it was confiscated from the people of the us and was illegal to hold. Those of you who keep saying this make me think you are not diversified and it's not always a good idea so stop this stupid gold comparison

Exactly, I don’t know why people compare these two entirely different things. Gold is a natural thing given to us by nature whereas Bitcoin is a digital currency created by an unknown person. Anyways if you insist on comparing, then yes Bitcoin could compete the gold as in terms of price Bitcoin is much more expensive. But gold is being used as an investment since a long time ago. The amount invested in gold right now is in trillions. Bitcoin does not have such a high adoption rate now.

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July 10, 2018, 01:17:51 PM
 #14

Each thing is a thing to itself. If you say btc will replace gold you are saying btc will replace all metals of value. It
Makes no sense. Will Bitcoin replace bonds cause btc can have a higher yield. Remember, some day btc is replacing tulips at the moment. Open your minds a bit more and realize btc is not the end all be all. I love it, and have quite a bit, but I also have a safe full of gold. They are two separate entities, at one point it was confiscated from the people of the us and was illegal to hold. Those of you who keep saying this make me think you are not diversified and it's not always a good idea so stop this stupid gold comparison

Exactly, I don’t know why people compare these two entirely different things. Gold is a natural thing given to us by nature whereas Bitcoin is a digital currency created by an unknown person. Anyways if you insist on comparing, then yes Bitcoin could compete the gold as in terms of price Bitcoin is much more expensive. But gold is being used as an investment since a long time ago. The amount invested in gold right now is in trillions. Bitcoin does not have such a high adoption rate now.

I think that difference doesn't derive from the origin only. What makes gold different from bitcoin is that it has multiple fields of (physical) application apart from storing value and it's price has been developed through natural demand, while bitcoin only has users' trust, code and technology.

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July 10, 2018, 01:19:55 PM
 #15

a certain level of comparison will always happen. it has always been with us from day one, so it is not new. people have been on the "parity watch" for a long time.
so logically some people would take it so far as talking about "replacing" gold, specially with how the media sometimes refers to bitcoin as "digital gold".

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July 10, 2018, 01:25:12 PM
 #16

The problem in here, is that most people who say that bitcoin is better than gold do not even know what bitcoin is, or how does it works.
So do not take it seriously, because they are just posting to increase their activity, nothing more than that.


well, I'm thinking that and I know how Bitcoin and blockchain works.
Imho, BTC is a way better than gold as a long-term investment.
But ofc, this is only my idea Smiley
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July 10, 2018, 01:38:16 PM
 #17

Bitcoin and gold are different things. Each of them has its advantages and disadvantages. But one thing unites them.It's capital.There is risk in both cases. And our task is to protect our funds.As for the long term, I would prefer bitcoin. And for daily purchases I use wages.

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July 10, 2018, 01:48:03 PM
 #18

Everything has advantages and disadvantages, why we always compare one thing to another. We always think which is better or the best.

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July 10, 2018, 02:10:08 PM
 #19

Each thing is a thing to itself. If you say btc will replace gold you are saying btc will replace all metals of value. It
Makes no sense. Will Bitcoin replace bonds cause btc can have a higher yield. Remember, some day btc is replacing tulips at the moment. Open your minds a bit more and realize btc is not the end all be all. I love it, and have quite a bit, but I also have a safe full of gold. They are two separate entities, at one point it was confiscated from the people of the us and was illegal to hold. Those of you who keep saying this make me think you are not diversified and it's not always a good idea so stop this stupid gold comparison

Gold bullion is still illegal to hold. I know for sure that you don't know anything about Gold. It will be confiscated by the government and you can't stop them from taking your gold since it is illegal to hold. All of the Chinatowns in the world are serving as black marketplace for Gold since it is illegal to trade person to person. Only Gold Bullion Certificates can be sold. It is not Gold. They are just certificates. Bitcoin will replace your gold. Gold is not being sold like pancakes. But you can send and receive Bitcoins any time of the day.

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July 12, 2018, 09:29:35 AM
 #20

This is true because both are money but with different quality and form.
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