Bitcoin, Gold or Money? | Bitcointalksearch.org

gamalzour

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Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

That’s not a question to be asked, all of them are good and you just have to make your choice based what will benefit you at the moment. Money is compulsory, Bitcoin and Gold are just means to save value or make extra money. So you need all of them. Right now Bitcoin wouldn’t be a good choice cause the price has been falling lately.

OrangeII

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between money, gold, and bitcoin, of course an entrepreneur will choose everything, because these three things are the pillars in making a successful business. well, but, for the better, I chose gold, money and bitcoin. well, with gold, you can use that to get money, and lots of bitcoin.

Pattart

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Quote from: Rashid555 on November 22, 2018, 11:35:52 AM

Traditionally people trust more on gold or cash at home but now crypto currencies have changed preferences and we can invest from home any time any where and not for a short term but we can invest our funds in crypto for a long term so that we can get some profit now we do not know that how crypto value in future so let's wait for the right time and then i will cash my investment in crypto.

Gold is an old investment, you need to go out of your house to make an exchange and purchase, besides that the transfer and storage will be complicated and inflexible, crypto offers technology that is innovative and will become more mainstream in the future, crypto offering a very profitable investment for the future..

Ranly123

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Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

Bitcoin price is not meant to be always on the rise as what we have experienced this time. Also when the price of Bitcoin is high it does not mean that Fiat money will decrease in value. As what I have understood, Bitcoin is backed by Fiat and Fiat is backed by gold so this means it should be synchronized for the betterment of each functions.

iv4n

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Quote from: DarkIT on November 26, 2018, 02:58:48 AM

Quote from: biskitop on November 25, 2018, 07:19:29 PM

I choose Bitcoin, because it's easy in terms of transactions, ownership and also storage. I don't care about hackers, I just keep my bitcoin safe and I hodl to get future profits.

yes, bitcoin currently supports a lot of new developments, and it can support its development for the better. but, I might choose gold, because I focus on real estate investment compared to other investments now.

You can choose any from this 3 and you will not make a big mistake in short run, when it comes to long run you should have some from each of them, more crypto or gold and on last place cash. Each of us needs to focus on one of this three, or some other kind of investment, but always have in mind that you never keep all of your eggs in one basket, same you do with investments, you need to diversify and have something on many places you can. From this three things I will put crypto on first place, gold on second and cash on third place, whether you like it or not, we still needs cash and that will not change so fast.

DarkIT

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Quote from: biskitop on November 25, 2018, 07:19:29 PM

I choose Bitcoin, because it's easy in terms of transactions, ownership and also storage. I don't care about hackers, I just keep my bitcoin safe and I hodl to get future profits.

yes, bitcoin currently supports a lot of new developments, and it can support its development for the better. but, I might choose gold, because I focus on real estate investment compared to other investments now.

BagzMM

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In my opinion, all of these are valuable. We can treasure all of these, if i would rank the three it would be 1.Gold 2. Bitcoin and last is 3. Money. For me gold is a very nice investment for it's value is stable in a way it is good for long term investment. Second is bitcoin for we knew the market is volatile. Lastly, money for we can earn it from having stable jobs or from gold or from bitcoin.

biskitop

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I choose Bitcoin, because it's easy in terms of transactions, ownership and also storage. I don't care about hackers, I just keep my bitcoin safe and I hodl to get future profits.

pocketfullofpoke

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Honestly, i really wanted to have them both. So my plan is keeping some of my money in banks while i am into cryptocurrency investments too. Once the market will turn back to green again as cryptos are rising drastically again, that's the time that i will buy gold too.

mitch1212

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Quote from: elpiji on November 16, 2018, 07:25:07 AM

Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

So Bitcoin is designed.................
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

yes, bitcoin is like gold, but it is very different because the value of bitcoin fluctuates and gold is stagnant, I also think that bitcoin cannot be used like ordinary money because the amount is limited and its growing community will make its value continue to increase.

I agree with you bitcoin is like gold. But GOLD DOES FLUCTUATE.

GOLD PRICE (Ounce)

1920: $253
1940: $615
1980: $2,129
2001: $383
2018: $1,310

Chachacoin17

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Quote from: elpiji on November 16, 2018, 07:25:07 AM

Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

yes, bitcoin is like gold, but it is very different because the value of bitcoin fluctuates and gold is stagnant, I also think that bitcoin cannot be used like ordinary money because the amount is limited and its growing community will make its value continue to increase.

You are right Bitcoin is Gold and can create a money as well. If you are hard working and do the job well in that case you will be gaining and probably you will be having a profit bigger than you aim for. In the community it is having a communication towards bitcpin on how it runs.

South Park

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Quote from: okala on November 23, 2018, 01:27:16 PM

Bitcoin is more of money than gold. We should treat bitcoin as one of our future currencies. I think the white paper of bitcoin place it as a currency and not commodities. Many of us are treating bitcoin as stocks and commodities but bitcoin is far better than them as it is a decentralized money.

It is true that bitcoin is being treated more as a stock than as a form of money but this is something that was bound to happen because it is very easy for bitcoin to change hands, so that characteristic not only makes bitcoin a great currency it also makes it a great tool to speculate with it because you can get in and out of the market with extreme ease.

okala

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Bitcoin is more of money than gold. We should treat bitcoin as one of our future currencies. I think the white paper of bitcoin place it as a currency and not commodities. Many of us are treating bitcoin as stocks and commodities but bitcoin is far better than them as it is a decentralized money.

Ahimoth

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Quote from: kudil on November 23, 2018, 12:16:14 PM

Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?

In my opinion, Bitcoin is new technology designed to make easier transaction and save the funds with easy, fast, and secure. If you think it's like a gold, yes maybe like that, but I consider it like property.

Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

~Snip
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

If stabilize? I agree with you, and if the situation like that, you can invest in GOLD to show off it to people's, but if you want to surprise a lot of people, then buy BTC for your future!

Bitcoin is really good to used to make the transaction easier, while gold is good asset because its value increase and money is very convenient to used as payment in small store. These three has different value but they have importance to our life, so I choose all of them because all of them have different uses.

kudil

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Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?

In my opinion, Bitcoin is new technology designed to make easier transaction and save the funds with easy, fast, and secure. If you think it's like a gold, yes maybe like that, but I consider it like property.

Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

~Snip
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

If stabilize? I agree with you, and if the situation like that, you can invest in GOLD to show off it to people's, but if you want to surprise a lot of people, then buy BTC for your future!

South Park

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I am terrible at Fantasy Football!!!

Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

By the way you are phrasing your statement you make it seem as if gold is not money, gold has been used as a form of money the longest among all the currencies around the world and before bitcoin was created gold was still the best form of money that we had, now that is no longer the case since now bitcoin exists and in my opinion it is way better than gold.

ballerin and giroud

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I think everyone who chooses gold is the type of person who doesn't want to take risks. Everyone knows what gold is, so they consider gold to be an entity that has a value. And everyone who chooses bitcoin is those who dare to take risks, they are able to accept everything that will happen.

Rashid555

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Traditionally people trust more on gold or cash at home but now crypto currencies have changed preferences and we can invest from home any time any where and not for a short term but we can invest our funds in crypto for a long term so that we can get some profit now we do not know that how crypto value in future so let's wait for the right time and then i will cash my investment in crypto.

leetcoiner

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Quote from: MasterCoinBit on November 16, 2018, 04:33:41 AM

So Bitcoin is designed so that the value of it will increase over time as opposite to traditional money in which the value of it will go down. But won't that make it more like gold instead of actual money?
By the prices of stuff going up in traditional money, it encourages keeping the goods and trading them, for example if someone owns a house that house's value won't just go down with time, it can go through time. But if goods were to keep getting lower in prices then it can as a result discourage buying them and trading. Which makes Bitcoin unusable as money. To keep your money safe of course you can store in a bank as they give you a small amount of interest.
Bitcoin has a limited supply and as time goes by and its popularity increases the prices can go higher and higher, making it less effective to be used as usual money. Imagine how would a shop keeper feel as their good will only decrease in price. And like traditional money which has banks Bitcoin doesn't offer much solution to this.
So even if bitcoin prices were to stabilize, wouldn't it be more like gold than a currency to use like traditional money? Gold is very similar in those terms to Bitcoin.

Gold may well be suitable as money, as bitcoin itself. Earlier, as you remember, the money was gold and silver coins, which people quietly exchanged until they were replaced by papers with money in the equivalent. The same can happen with bitcoin in the near future. Nevertheless, it still remains a payment instrument and its value does not decrease, but rather only grows.

cizatext

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Well bitcoin is design to be unstable and volatile and that is what give it that unique nature of being decentralized cause it value can't be easily manipulated on by any central authority, but on like the traditional money which is control by a central authority which easily manipulate on it price. And this unstable price of bitcoin is what make it to be risky then either the gold and the traditional money because the both have a stable price and value.

Topic: Bitcoin, Gold or Money? (Read 1098 times)