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Mhd-Bobbi (OP)
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November 14, 2018, 04:51:07 PM
Last edit: November 14, 2018, 05:10:02 PM by Mhd-Bobbi
 #1

I researched between Bitcoin and real gold.

Bitcoin
Bitcoin is a digital asset, this digital asset is the same as gold but is only available in the digital world.
Bitcoin As a currency that has an exchange rate against other currencies, the movement of the price of Bitcoin also shows fluctuations. Even this is not often used by users to make Bitcoin a trading asset. But concerns, the price of Bitcoin turned out to be moving in very sharp volatility. In fact, the phenomenon of price changes.


Real gold
Gold is a soft and easily forged metal, its hardness ranges from 2.5 - 3 (Mohs scale), and its specific gravity depends on the type and content of other metals that join it.
Gold is used as a financial standard in many countries and is also used as jewelry.
The use of gold in the monetary and financial fields is based on the absolute monetary value of gold itself against various currencies throughout the world, although officially on the world commodity exchange, the price of gold is listed in US dollars. The form of the use of gold in the monetary sector is usually in the form of gold bars or gold in various units weighing grams to kilograms.
Gold can also experience price declines along with the reduced debt crisis that has engulfed a number of European countries such as Greece and Italy.

From the language I said above, it turns out that not only does Bitcoin rise and fall, but real gold in the real world also rises and falls.
If I say my language above, I hope that panic will decrease.
Have positive thoughts not to say that this is the end of bitcoin.
I did this research by comparing Bitcoin with real Gold, or does anyone have another opinion?
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November 14, 2018, 06:07:51 PM
 #2

I have seen Bitcoin and gold graphics, they really look like something, and as an asset they are both worthy.
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November 15, 2018, 02:15:17 PM
 #3

I have seen Bitcoin and gold graphics, they really look like something, and as an asset they are both worthy.
Yes you are right, I also think that bitcoin and gold are also feasible, do you think there is a connection between the two?
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December 23, 2018, 11:12:09 PM
 #4

Why peole always comparing bitcoin and gold? Bitcoin isn't a gold but they have similarities that their price very expensive. That is why all of us wanted to have bitcoin in our hand.
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December 23, 2018, 11:14:56 PM
 #5

I have seen Bitcoin and gold graphics, they really look like something, and as an asset they are both worthy.
Yes you are right, I also think that bitcoin and gold are also feasible, do you think there is a connection between the two?

so far, bitcoin with gold has certainly high assets. because gold and bitcoin have tremendous advantages. so we can use bitcoin and gold as assets that we will plant.

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December 23, 2018, 11:28:05 PM
 #6

Nice and great comparison and explanation between the different of gold and bitcoin, bith are useful saving in the future because both are worthy for long term hold their price will become hugable.

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December 23, 2018, 11:33:29 PM
 #7

Now that companies are actually accepting BTC to buy gold with, I think gold is a better hedge than some stablecoins.
Sure, the reverse process will be difficult but you can rely on gold to store value.

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December 23, 2018, 11:57:05 PM
 #8

People need to understand that Bitcoin is a digital currency and its should never be compared with gold. Bitcoin should be compared with the banking and financial system. Bitcoin operates like physical fiat and its used in the transaction of goods and services and also bridges the gap that exist in the financial world.
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December 24, 2018, 12:02:51 AM
 #9

People need to understand that Bitcoin is a digital currency and its should never be compared with gold. Bitcoin should be compared with the banking and financial system. Bitcoin operates like physical fiat and its used in the transaction of goods and services and also bridges the gap that exist in the financial world.

People who come into contact with Bitcoin for the first time like to compare it to gold, but I agree with you. Bitcoin is a payment instrument, and the two main differences between normal money are that it is digital and decentralized. We should concentrate on this because comparing it to gold often misleads people.

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December 24, 2018, 02:40:16 AM
 #10

Some investors think that investing in gold now replaced with bitcoin as before they investing in gold now they investing and referring to invest in bitcoin because it's more profitable and become big asset.

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December 24, 2018, 02:59:21 AM
 #11


From the language I said above, it turns out that not only does Bitcoin rise and fall, but real gold in the real world also rises and falls.
If I say my language above, I hope that panic will decrease.
Have positive thoughts not to say that this is the end of bitcoin.
I did this research by comparing Bitcoin with real Gold, or does anyone have another opinion?
but gold has a more stable price than bitcoin, because gold can be accepted by all countries as asset savings, so price changes will never be as fast as a bitcoin that can drop 50% in just one week
if that happens to gold, chances are that the stability of the world economy will be disrupted, and of course, many people begin to doubt the existence of gold
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December 24, 2018, 03:02:40 AM
 #12

Why peole always comparing bitcoin and gold? Bitcoin isn't a gold but they have similarities that their price very expensive. That is why all of us wanted to have bitcoin in our hand.

You said it yourself. They're frequently being compared due to them having a lot of shared characteristics; namely:
  • Scarcity
  • Fungibility
  • Durability
  • Divisibility
and many more, and bitcoin comes out on top. Gold is only advantageous when talking about gold being used in jewelry and such, and the typical argument "what if there's no internet or we had an EMP hurr durr".

And no, they're not being compared because of both being "expensive"; because you can buy fractions of both gold and bitcoin anyway.

but gold has a more stable price than bitcoin, because gold can be accepted by all countries as asset savings, so price changes will never be as fast as a bitcoin that can drop 50% in just one week
if that happens to gold, chances are that the stability of the world economy will be disrupted, and of course, many people begin to doubt the existence of gold
Goodluck paying your groceries with your gold. Gold is a lot more stable due to liquidity, and that's it. Bitcoin is only 10 years old, liquidity will come in time.

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December 24, 2018, 03:11:30 AM
 #13

Bitcoin and gold are different but have high value, especially bitcoin which has more value than gold, we know bitcoin is very valuable and has its own advantages. So we can save bitcoin for the long term and are very confident that it will have many benefits in the future.

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December 24, 2018, 03:30:44 AM
 #14

Bitcoin and gold are different but have high value, especially bitcoin which has more value than gold, we know bitcoin is very valuable and has its own advantages. So we can save bitcoin for the long term and are very confident that it will have many benefits in the future.

Bitcoin does not have more value than gold. Gold is in use for thousands of years as a currency, jewerly and store of value. Nowdays it is also used for electronic components, etc. Gold will be used as long as we exist. Bitcoin and blockchain is very interesting technology and it will have impact on the world but at some point it will be replaced with even better technology. It might happen either in 50 or 5000 years from now you never know.

About why do people compare it? I would say bacause it shares some of the properties as limited quantity and store of value.
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December 24, 2018, 03:36:13 AM
 #15

I researched between Bitcoin and real gold.

Bitcoin
Bitcoin is a digital asset, this digital asset is the same as gold but is only available in the digital world.
Bitcoin As a currency that has an exchange rate against other currencies, the movement of the price of Bitcoin also shows fluctuations. Even this is not often used by users to make Bitcoin a trading asset. But concerns, the price of Bitcoin turned out to be moving in very sharp volatility. In fact, the phenomenon of price changes.


Real gold
Gold is a soft and easily forged metal, its hardness ranges from 2.5 - 3 (Mohs scale), and its specific gravity depends on the type and content of other metals that join it.
Gold is used as a financial standard in many countries and is also used as jewelry.
The use of gold in the monetary and financial fields is based on the absolute monetary value of gold itself against various currencies throughout the world, although officially on the world commodity exchange, the price of gold is listed in US dollars. The form of the use of gold in the monetary sector is usually in the form of gold bars or gold in various units weighing grams to kilograms.
Gold can also experience price declines along with the reduced debt crisis that has engulfed a number of European countries such as Greece and Italy.

From the language I said above, it turns out that not only does Bitcoin rise and fall, but real gold in the real world also rises and falls.
If I say my language above, I hope that panic will decrease.
Have positive thoughts not to say that this is the end of bitcoin.
I did this research by comparing Bitcoin with real Gold, or does anyone have another opinion?

digital world now is an indispensable part of human activity and economy. Thus, it should have a digital asset and that is bitcoin
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December 24, 2018, 03:52:46 AM
 #16

Digital assets that have advantages and this are very useful, many people have jumped and mined bitcoin, so this has a price. And gold is actually mined with certain tools to get pure and real gold. In bitcoin it does have a limited supply and mining with expensive tools requires capital and seriousness in mining.
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December 24, 2018, 03:59:55 AM
 #17

I did this research by comparing Bitcoin with real Gold, or does anyone have another opinion?

what made you think bitcoin and gold needed to be compared with each other in first place because to be honest in all these years i have never felt any case where i would think they have anything in common to be compared.
on one hand we have a digital currency that is decentralized and can be used globally and on the other hand we have a physical element that has a lot of usages none of which as a currency and it can only be used locally.

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December 24, 2018, 05:06:33 AM
 #18

Bitcoin and gold have the same valuable value, so someone can get a big profit if some use these two gold currencies. I think of course it is not wrong if we consume both because the same can make us rich in the future. I personally like more Bitcoin while gold can also generate profits, so both are also very good.
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December 24, 2018, 05:21:14 AM
 #19

actually both of them are the same, both are worthy to be used as very valuable assets, because bitcoin and gold have quite satisfactory values

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December 24, 2018, 06:58:25 AM
 #20

Why peole always comparing bitcoin and gold? Bitcoin isn't a gold but they have similarities that their price very expensive. That is why all of us wanted to have bitcoin in our hand.

They are comparing it, because the whole concept of scarcity of rare metals like Gold, was the building blocks on which the concept of Bitcoin was built. Bitcoin is a resource that are artificially simulating a process, where less bitcoins are mined over time. <This is called the Halving> and this increase the scarcity of the resource.

The fact that bitcoins are mined are also based on Gold and precious metals that are mined.  Wink There will always be a close link between Gold and Bitcoin.  Cheesy

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