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Author Topic: Bitcoin is better than gold  (Read 2191 times)
lantan81383628 (OP)
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March 10, 2018, 08:17:13 AM
 #1

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.
lover4ever
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March 10, 2018, 08:19:49 AM
 #2

Bitcoin is digital crypto. So Bitcoin is better.
Marileno
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March 10, 2018, 08:21:17 AM
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 #3

The 1 main difference between gold and BTC is that gold is actually used in the creation of goods which can be bought and sold. The demand for gold is not just speculative, as a good portion of that demand is actually as a raw material. Gold is entrenched in many cultures belief and reward system and this demand underpins it's valuation.

I am not disagreeing with you, I am just pointing out that the gold price has certain fundamental factors affecting the underlying price, which BTC does not.
Babyboy423
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March 11, 2018, 03:59:19 PM
 #4

Gold, as long as you are buying physical bullion and have a place to store it safely, is the only asset with no counter-party risk, and has tended to keep its purchasing power throughout history. It has no yield, but makes an excellent hedge against the loss of purchasing power of cash.
 
Bitcoins are something totally unique in that they have a very strict increase in supply, and the blockchain is public. It serves as a world-currency that can easily be transfered across borders, but it has drawbacks like low transaction speed.

There is so much more to each of these assets, and I strongly suggest you read more about each and understand further what you would be buying with each one before you go about doing it. You should be able to answer your question here for yourself.
barbiecover
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March 11, 2018, 04:13:02 PM
 #5

your girlfriend cannot wear Bitcoin like jewerly
Epimetheus
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March 11, 2018, 05:27:16 PM
Last edit: March 11, 2018, 06:25:41 PM by Epimetheus
 #6

Gold, as long as you are buying physical bullion and have a place to store it safely, is the only asset with no counter-party risk, and has tended to keep its purchasing power throughout history. It has no yield, but makes an excellent hedge against the loss of purchasing power of cash.
 
Bitcoins are something totally unique in that they have a very strict increase in supply, and the blockchain is public. It serves as a world-currency that can easily be transfered across borders, but it has drawbacks like low transaction speed.

There is so much more to each of these assets, and I strongly suggest you read more about each and understand further what you would be buying with each one before you go about doing it. You should be able to answer your question here for yourself.
Bitcoin is obviously better than gold.Bitcoin is always preferred for investment over gold.Bitcoin is very volatile and this the advantage because if we invest in Bitcoin we can get huge amount of returns if the prices are high.But on the other hand gold is very stable and the price rise is almost nil so we cannot get that amount of profit with Bitcoin gives us.Since it is a time of digitisation cryptocurrencies like Bitcoin are getting popular as they are easy to handle.People having Bitcoins hold them for future so as to earn more profits than gold.
maxbit
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March 11, 2018, 05:44:41 PM
 #7

In these times I'd say if you have the means, get and hold both gold and btc. While you're at it, silver as well, It is (relatively) cheap per ounce 16.30. It's all time time in the last 25 years I believe has been 4-5 dollars so it does have a 'floor' I'd say. So for good diversity I'd say all 3

edit: def hold the physical though, no paper or external holding company
Akash1243
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March 11, 2018, 05:58:57 PM
 #8

Both bitcoins and gold are great for long term investment but bitcoins might be more profitable but also has high risk of drop and uncertainty whereas gold is safer investment and increases very slowly and steadily.Bitcoins and gold both are limited in amount making them more valuable assets in future.IMO bitcoins are better than gold from investment point of view.
avikz
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March 11, 2018, 06:03:44 PM
 #9

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

Bitcoin and gold both are structurally different from each other. You can touch gold but not bitcoin. You can make ornaments out of gold as well. Gold is not always seen as an investment in many countries where as bitcoin is mainly seen as an investment by majority of the crypto enthusiasts. These basic factors sets them apart even though there are few things in common.

If you compare the rate of return from both gold and bitcoin investment, I am sure bitcoin will stay in the top place as you've already mentioned. But if we talk about the capital protection, bitcoin is one hell risky venture. Bitcoin's price can go to any level within a very short period of time. But on the other hand, gold price is way more stable than bitcoin which makes it a preferred investment to many people who are not capable to jump into high risk ventures. So both are different and should not be compared.

Sanjida
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March 11, 2018, 06:08:37 PM
 #10

Of course Bitcoin is better than gold.bitcoin is a digital currency.nowadays Bitcoin popularity increasing day by day.in near future Bitcoin lead the all currency .so think bitcoin is more than better to gold
Ctn
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March 11, 2018, 06:12:24 PM
 #11

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

I am sure that though the gold supply is limited still it is far far greater than the bitcoin. So we may not compare it straight with the bitcoin. The bitcoin however is good currency and worth investing for other kinds of feature that it gives us on top of other assets like gold. It's digital and transferable from one point to another point with just internet connection and electrical energy. However gold is physical and non transferable international level thus making it more solid. It's value doesn't spike like the way bitcoin's price spike. So yeah surely bitcoin is far better than gold.
AraBalderas
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March 13, 2018, 05:45:42 PM
 #12

Yes!I think BTC better than gold
It can use for trading or payment
mersal
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March 13, 2018, 05:50:04 PM
 #13

Bitcoin is better than gold in terms of growing percentage but in terms of storage value gold is the best ever because the price of bitcoin is very volatile so people are after to use bitcoin as an currency or asset so gold is better.
Aura
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March 13, 2018, 06:07:21 PM
 #14

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

I am sure that though the gold supply is limited still it is far far greater than the bitcoin. So we may not compare it straight with the bitcoin. The bitcoin however is good currency and worth investing for other kinds of feature that it gives us on top of other assets like gold. It's digital and transferable from one point to another point with just internet connection and electrical energy. However gold is physical and non transferable international level thus making it more solid. It's value doesn't spike like the way bitcoin's price spike. So yeah surely bitcoin is far better than gold.
You can't compare the supplies of both, gold is measured in grams and bitcoin in satoshis and they don't have any correlation. Also some people find the volatility or price spikes as you call it, a drawback instead of a benefit.


From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.
Both have another similarity and that's it's way of distribution. Gold is already 'generated' but hidden in the ground and thus must be mined to obtain. This same thing applies of Bitcoin but instead of being hidden under the ground, it's hidden 'under' complex mathematical puzzles. The way of obtaining is for both called mining.
vibingpositively
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March 13, 2018, 06:16:55 PM
 #15

It literally has all the properties that gold has and also has added an addtional couple. Bitcoin is obviously better than gold based soley on its properties, if it ever achieves 1:1 in marketcap or close it will usurp Gold as #1 asset.

Gold has the following
-Unit of Account
-Store of Value
-Medium of exchange
-Durable
-Fungible

Bitcoin adds
+easily divisible
+easily transportable

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Kprawn
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March 13, 2018, 06:37:35 PM
 #16

We have to differentiate between physical Gold or Gold Futures or Gold ETF's.

Physical Gold include gold jewelry, gold coins, gold bullion and vaulted gold.

Gold futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the

seller, a specific quantity of gold (eg. 100 troy ounces) at a predetermined price on a future delivery date.

A Gold ETF is an exchange-traded fund (ETF) that aims to track the domestic physical gold price. Gold ETFs are units

representing physical gold which may be in paper or dematerialised form. One gold ETF unit is equal to 1 gram of gold and is

backed by physical gold of very high purity.

Once you decided what type of Gold you are trading in, you can weigh up the PROs and CONs of these investments, compared

with Bitcoin.  Wink


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George Khelashvili
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March 13, 2018, 06:50:34 PM
 #17

your girlfriend cannot wear Bitcoin like jewerly

LOL that true  Grin

BTC is decentrilized, so it is better  Wink
mdripon
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March 13, 2018, 06:51:26 PM
 #18

From an investment point of view, bitcoin is more about gold than it is about other currencies. That's because as an asset, bitcoin and gold have a lot in common. Both are limited to supply, both have functions to use, and many believe that, despite their large price fluctuations, they remain a good store of value. Compared to gold and currency investment returns in the past five years, the currency's performance is far better than the so-called precious metals, gold year loss than 6%, the currency of the annualized rate of return is 155%. These rich returns show that bitcoin has excited investors about the prospect of putting money into such a new asset class.

Compared with the gold standard, the value of the currency rising and proven performance, investors can be used to measure the investment of the world's leading digital currency future opportunity and risk indicators.

Gold is a precious metal. it is very popular in the world metal,people available use it. But it is not currency. On the contrary bitcoin is a currency and it is more popular in the world. through it you can any change  currency, so i think bitcoin is better.

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March 13, 2018, 07:02:23 PM
 #19

yes if you take bitcoin as an investment over view i can say its better than gold.and its the future of world too.
bitcoin era is started and we will see more and wonder Smiley
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March 13, 2018, 08:38:45 PM
 #20

Bitcoin and gold are very similar to each other, since they both have limited emissions. However, bitcoin is a more mathematical and regulated thing, unlike gold, which is mined and mined, without thinking about the consequences and that it is an exhaustible resource. Since Bitcoin is, in fact, mathematics, no one can influence it, because mathematics can not be changed. That's why bitcoin is more independent and self-regulating unlike gold.
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