Gold has been down 90% Nobody said "Gold is Dead" - BTC is the New Gold - Right?

[btc-room101]

Bitcoin price is much better than gold. Early 2017, bitcoin price at $900 and right now at $4300. Its still profitable except for people who bought at highest price. But many people panic and selling their bitcoin at cheap price and i am believe bitcoin is better than gold because its digital and more flexible.

Wow, what can I say???

I can go yesterday, today, and tomorrow anywhere and sell GOLD 24/7, anywhere on earth,

With btc, I need to find an asshole (exchange) who trades, and maybe gives me 20% haircut both directions,

You go ahead and buy your BTC, and I will buy gold.

When I could mine btc for free it was a good deal, but BUYING btc was always a fools game, per the kelley-criterion. You don't place bets on 50/50 odds. BTC is rolling the dice, its NOT investing, the price support of BTC has no historic basis, the entire PONZI could evaporate tomorrow.

For gold its pricey right now, but below say $1100 I would accumulate,

On the other hand I would not BUY btc for any price, like I said it was MEANT to be mined for free, that's how it was designed, this day-trading  ( &HODL) bullshit was created by assholes to fleece sheep.

GOLD has a stable floor price, but BTC has no floor, it could go to zero anytime. ZERO

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[talkbitcoin]

you must be really naive to think that people put higher value on gold compared to bitcoin on a bitcoin forum that you start such discussions and then tell others that you are buying gold instead of bitcoin

[nghiemtamk]

you must be really naive to think that people put higher value on gold compared to bitcoin on a bitcoin forum that you start such discussions and then tell others that you are buying gold instead of bitcoin

 

Couldn't agree more!

I like to compare gold and BTC as well, I often use this comparison to assure people that BTC is not dead and it will not die. First of all, both these assets are scarce and that is the biggest benefit. Some day, we will mine both of this completely and what do you think that will happen to the price? Gold is a metal, shiny metal that people gave value to at some point in history. Then it penetrated the market and everyday functions and it takes the primate of the market. The same thing is happening with BTC. It is steadily being implemented in different segments of life and it is here to stay.

[longyenthanh]

I do not understand why people try to compare Bitcoin with gold. They are completely two different instruments that are used for completely different things. Such a comparison is as pointless as comparing companies shares to fiat money.

[nellakarisma]

that's really true bro. but what makes me wonder. there are some of my friends. who saves. their assets in gold bro. because they see that investing in gold is more profitable than investing in bitcoin bro. even though such thoughts are very wrong

[kucritt]

i think nobody dont talk gold is dead because gold have the physic form. it makes the people who have the gold have the opportunity to use it in another way. like the jewelry and anything else. how about bitcoin? many peopel said that bitcoin is abubble because of this. bitcoin just used for digital currency. nothing else.

[bering]

I think this quite different that when the price of gold decrease people wouldn't says gold died because gold has been became an valuable commodity since thousands of years ago and people also consider gold as good investment tools even for long term gold still good but for bitcoin if people says bitcoin died when the price fall because most people still doubt about the future of bitcoin that whether bitcoin will survive or not