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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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mk4
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May 21, 2019, 01:52:48 PM |
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In summary:
1. Gold is currently better as a store of value
2. Bitcoin can be better as a store of value in the future if we reach high liquidity to significantly decrease price volatility
3. Both gold and bitcoin are both great assets, and both has their own pros and cons.
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BrewMaster
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There is trouble abrewing
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May 21, 2019, 02:31:15 PM |
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It's also been around for a much longer time...
that is not a small difference to go over it that easily. comparison between gold and bitcoin is comparison between something with more than 2 thousand years of history with a 10 year old bitcoin! that is not a comparison that you should even begin to make in my opinion. |
There is a FOMO brewing...
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CryptoBry
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May 21, 2019, 02:39:33 PM |
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The comparison between gold and bitcoin has been discussed a lot of times and I am sure this will a topic of many for many years to come most especially if bitcoin can be reaching more than $100K and beyond. This in fact resulted into classifying the real gold as the physical gold and bitcoin as the digital gold. Of course, there are similarities and there are differences. To me, both are valuable and both can be good investment tools. In times of crisis or problems, gold can be the safe haven and the same thing can be said of bitcoin as well. People who have the money to invest are advised to go for both type of gold...the tangible one and the other which is digital.
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Dilerium90
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May 21, 2019, 03:03:42 PM |
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The temptation for many to buy bitcoin is that the issue of coins is limited. It really comparable some way to gold, because when Bitcoin reaches a huge capitalization, its value can be much higher. Another plus is volatility. On gold, you can not get rich or go bankrupt, as in Bitcoin.
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smartbitcoininvestor
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May 21, 2019, 03:49:28 PM |
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It's nice. If you want, you can exchange your Bitcoin to Gold and Gold to Bitcoin. See how here. |
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lelylely
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May 21, 2019, 04:04:59 PM |
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Both are value-saving assets, gold is more stable because it has been around for a long time, but bitcoin is better as a store of value and more able to provide large profits.
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elisabetheva
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May 21, 2019, 04:08:27 PM |
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Gold is clearly shaped and can be used and stored for investment and sell it when it is needed, but from the obvious price of gold it can not promise much profit, in contrast to bitcoin which is a long-term investment and must often do research so that there is no great loss, but if you get a profit, it is believed that bitcoin is better than gold.
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iqlimasyadiqa
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May 21, 2019, 04:11:37 PM |
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Gold is clearly shaped and can be used and stored for investment and sell it when it is needed, but from the obvious price of gold it can not promise much profit, in contrast to bitcoin which is a long-term investment and must often do research so that there is no great loss, but if you get a profit, it is believed that bitcoin is better than gold.
each type of investment has advantages and disadvantages. what we need to do is to choose an investment that suits our abilities. we must see the skills we have so that we can determine what we will do. investment is a way to gain a number of advantages and many ways that can be done to achieve success. gold and bitcoin are part of the investment towards success. |
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darklus123
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May 21, 2019, 04:19:41 PM |
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I still don't get it to why up until now people compare this two when they are very far from each other, Gold is simple unlike bitcoin. I find gold more precious than bitcoin tho as it cannot just be a great asset but can also be a good tool for passion and art. The temptation for many to buy bitcoin is that the issue of coins is limited. It really comparable some way to gold, because when Bitcoin reaches a huge capitalization, its value can be much higher. Another plus is volatility. On gold, you can not get rich or go bankrupt, as in Bitcoin.
There are actually a lot of people who got rich because of Gold therefore it can still be a good investment |
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Ailmand
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May 21, 2019, 04:25:35 PM |
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There has been a long time comparison of bitcoin and gold. It has been discussed and debated for a hundred times. They have their own differences and it only depends on how we see their value. They're both great for a long term investment but they're different in appearance. They have their own unique characteristics.
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Genemind
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May 21, 2019, 04:38:53 PM |
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Do we really have to compare these two?
Bitcoin is way different from Gold and we can't say one is better. The only thing that they have in common is they could be a great way to success.
Apart from that, we all know their differences because this has been posted in a lot of threads before.
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Potato Chips
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May 21, 2019, 04:47:22 PM |
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The article was pretty generic imo, definitely not "interesting" in my eyes. There are others which have explored the topic more and are purpose driven at that.
Anyway, if this is about which is better, that would be subjective as it would depend on your purpose.
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KennyR
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May 21, 2019, 04:48:57 PM |
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Bitcoin and gold are highly valued assets, but gold with its years of history has a massive acceptance while bitcoin has come to existence around ten years back. Both has got its value through the demand to the supply availability. Gold is mined from the ground while bitcoin mined with the help of ASICs. People who have profited through bitcoin will never look into gold now or in the later days.
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0zero0
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May 21, 2019, 05:06:06 PM |
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In my opinion BTC and Gold are both good investments and can provide better returns.
Though BTC can give more returns than gold it's volatility can sometimes be devastating too.
Gold is a safer investment though but again the returns are quite less when compared to BTC.
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Nadziratel
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May 21, 2019, 05:18:49 PM |
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Bitcoin comparisons with gold do not seem reasonable to me. Gold and Bitcoin are unlike things. One of the biggest points, gold is unlimited! I'm sure that even hundreds of years later, gold mining will be active. But Bitcoin is limited! Moreover, although the price of gold seems to be determined in the market, it is in fact closely related to the Dollar price. One day, if the USD falls too much, gold cannot survive! But Bitcoin can continue to live! |
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bitvalak
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May 21, 2019, 05:31:00 PM |
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Bitcoin cannot be equated with gold, gold has a total amount that cannot be calculated / unlimited.
In addition, gold has been monopolized by large companies. But both of them have very good similarities to invest in the long term because they will not depreciate.
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funchiestz
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May 21, 2019, 05:39:52 PM |
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It's nice. If you want, you can exchange your Bitcoin to Gold and Gold to Bitcoin. See how here. This is exactly how it is possible. Have you tried it before? How can you trust such platforms? I think it is very risky to do such transactions, especially from foreign countries. |
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thirdlight
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May 21, 2019, 07:27:42 PM |
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Of course, Bitcoin is still very far away from stability like gold. But I think that this is all in the future. This can be achieved if the regulators help to restore order here.
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adzino
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May 21, 2019, 07:38:20 PM |
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I have seen people calling bitcoin as a digital gold. Yeah, they do have some similarities. But, we know gold can be counterfeit. People can sell "fake gold" and it's sometimes hard to spot such fake golds. But, that's not the case of bitcoin. Bitcoin is counterfeit proof and people can not transact with fake bitcoins as they will get rejected by the network. They both has storing value and purchase power, but I think crypto currencies always will have an upper hand when using it as a form of payment. |
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