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March 27, 2018, 04:26:21 AM |
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Gold has the same value all over the world. This is due to the fact the people all over the world want gold. However, the same cannot be said about Bitcoin. Only a select number of investors are interested in it. This is a crucial point when comparing crypto currencies to precious metals.
Not sure I agree, both gold and Bitcoin are fungible. Every unit is comparable to the other, if anything Gold is less easily transportable and so more localised to an area then Bitcoin. Also gold though pure as an element and not subject to degradation it does need alot of refinement from its raw ore. The only negative to bitcoin pricing equally through the world is transmission, so In China where its restricted some the price is perhaps different and dollar has a greater demand. Also fees could affect pricing but the fee problem is solved now. Gold is heavy and harder to transport, the price can vary and be lower in mining towns then where it might be more used such as industrialised countries high street |
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dekafee79
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March 27, 2018, 04:30:08 AM |
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When we compare gold and bitcoin, they both seem to be evenly matched. Bitcoin is ideal for everyday transactions and given the limited amount of bitcoin in circulation, bitcoin will work based on a sound demand and supply concept as any good money should.
yes, thats true. bitcoin ideal for every day transactions and get earning. i think gold for invest for long therm. |
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ocertie
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March 27, 2018, 05:16:34 AM |
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Gold is easy to track because it has a global tracking system. This helps to preserve the value of the investment option because it makes it harder to fake, steal or misroute.
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jatin729
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March 27, 2018, 06:17:06 AM |
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There is huge difference and few similarity between them, If we compare price of both we get to know there is huge difference in price.
In India today value of gold is about 31000 Rs and bitcoin price is about 530000 Rs.
But govt. is legalize trading in Gold but they are neutral on Bitcoin. so investment in gold is more secure but it won't give you huge return, but investment in bitcoin can give you huge return in small period of time.
It depends on various factor, where you are living and what is status of bitcoin in your country.
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cryptokitty
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March 27, 2018, 07:39:45 AM |
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Bitcoin, having more bitcoin can make you reach and achieve all of your dreams. Bitcoin is much useful than gold even if they are both valueable but i really like bitcoin than gold.
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mstfprcn
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March 27, 2018, 08:41:50 AM |
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To all the people discussing volatility and comparing gold and bitcoin in terms of it, I think that as a new technology, bitcoin is subject to much more volatility than gold. But over the long run, given the fact that no new bitcoins will be mined after the 21-millionth, we can expect it to ultimately serve as a better store of value than gold. So there is certainly much more than hope for bitcoin, there is a future.
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RuslanSamui
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March 27, 2018, 08:46:56 AM |
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It is difficult to compare gold and bitcoin. For thousands of years people have been using gold as their main monetary unit, and bitcoin has appeared relatively recently. People are sure of gold and there is no bitcoin. If you want stability, then buy gold, if you want to risk, buy bitcoin!
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abreastabran
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March 27, 2018, 08:57:40 AM |
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One key factor where Bitcoin truly shines is its rarity. While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence. The software stops producing beyond that limit. This is crucial to understand because whenever supply is restricted, and demand is high, price goes up. This is economics 101. The higher the demand and the lower the supply, the higher the price will become.
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Revi250cc
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March 27, 2018, 09:13:38 AM |
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Galahad111
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March 27, 2018, 09:28:22 AM |
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To all the people discussing volatility and comparing gold and bitcoin in terms of it, I think that as a new technology, bitcoin is subject to much more volatility than gold. But over the long run, given the fact that no new bitcoins will be mined after the 21-millionth, we can expect it to ultimately serve as a better store of value than gold. So there is certainly much more than hope for bitcoin, there is a future.
I hear this over and over again that the price of gold/silver can't go much lower because we're at about break-even for production. This is a silly statement. Of course prices CAN go lower, it will just make the more expensive mines unprofitable and eventually put them out of business. The same is true of oil. If all had said the price of oil couldnt drop below the production cost inclusive of all of the shale extraction, then it wouldn't have gone lower. But it did, and it is putting stress on shale. Eventually we'll see a bottom, but when enough of the high-cost producers have been destroyed. |
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crazy-pilot
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March 27, 2018, 11:27:09 AM |
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As far back as 1971 gold cost $35 an ounce. In the early 80s it hit $800, and then it dropped into $250. Several years ago it was almost $2000. Afterwards it again dropped to $1,100. That’s what volatility is all about.
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markj113
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March 27, 2018, 11:39:23 AM |
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One key factor where Bitcoin truly shines is its rarity. While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence. The software stops producing beyond that limit. This is crucial to understand because whenever supply is restricted, and demand is high, price goes up. This is economics 101. The higher the demand and the lower the supply, the higher the price will become.
Is a hard limit on something infinitely divisible really rare? It just depends what price you apply to a single satoshi (or lower if the code is changed to 16 decimal places for example) Instead of just printing fiat to infinity you can just add more decimal places to bitcoin to achieve the same goal.  |
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Pujangga
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March 27, 2018, 11:44:46 AM |
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Gold is a very lucrative long-term investment, although the rise in gold prices is not like bitcoin but I will set aside investments into gold, whereas bitcoin is a short-term investment that can provide big profits but also risk so we should always know the price updates.
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sensimilia
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March 27, 2018, 12:44:06 PM |
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Actually I believe in both bitcoin and gold but in terms of significant growth I bet it will eventually concern only one of them. To expect too much from both wouldn’t be reasonable, it goes without saying.
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herlips
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March 27, 2018, 01:31:55 PM |
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I would choose gold, in gold we are sure that its price will go up as time passes by, unlike in bitcoin, the price might go down. But if you are a risk taker, you can do both.
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thundercrystal
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March 27, 2018, 01:35:12 PM |
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Actually I believe in both bitcoin and gold but in terms of significant growth I bet it will eventually concern only one of them. To expect too much from both wouldn’t be reasonable, it goes without saying.
For me both gold and bitcoin is can really help us to have profit but there is still no doubt that bitcoin is more great now over the gold why? Because the price of bitcoin can increase very high in the future and a lot of people now is trusting bitcoin very well over the gold. |
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kuah bakso
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March 27, 2018, 01:39:02 PM |
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I would choose gold even if its value stagnant, investing bitcoin is not a matter of a long time because its value is always up and down fluctuate, so selling when expensive and buying when cheap is better than holding it too long
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Jembut Ireng
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March 27, 2018, 02:01:33 PM |
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For security and goodness I'll choose both, this is because bitcoin and gold are the 2 most popular types of investment and are everyone's trend and both are equally profitable, and for the percentage of the division I will divide the larger on the bitcoin.
Choose both are better and safer, we should be used to sharing money for some types and places, do not just rely on one thing, bitcoin and gold are two kinds of good investment in the future. |
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pluMmet
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March 27, 2018, 02:05:03 PM |
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I would choose gold, in gold we are sure that its price will go up as time passes by, unlike in bitcoin, the price might go down. But if you are a risk taker, you can do both.
It is true gold do not have the risk of great like bitcoin, gold have price setabil and would not have the risk of the price of a sudden plummeted, in bitcoin price suddenly dropped it can happen anytime without being able to guess, and for people who love with the challenge then bitcoin will be suitable for them |
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romeo23
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March 27, 2018, 02:17:28 PM |
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Its hard to choose between Bitcoin and Gold... After all, gold is a historical store of value and is recognized all over the world. However, considering the huge appreciation of Bitcoin, an analysis of these two is more than warranted.On one hand, gold is a physical metal and Bitcoin is a digital currency. However the discrepancy between the two are convoluted. Crypto-currencies and precious metals have a lot more in common than formerly thought.A lot of investors may be tempted to invest in Bitcoin. There's a lot of factors that should be kept firmly in mind. While Bitcoin does have a lot of good things going, there are still a lot of questions regarding this particular investment vehicle.
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