Bitcoin has defeated gold - page 23.

ReindeerOnMe

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Quote from: ArtPt on December 01, 2017, 12:46:54 PM

Not actually, since BTC cap is still way smaller than Gold cap. But if compare by inverstors interest, then probably, yes, it happened.

Still gold has a lot of other good features compared to bitcoin. I think people says bitcoin is greater or defeated Gold because it has a higher price then gold now and it is having a blast in terms of pumps.

Gold may be slow in movement and pumps, but Gold is more stable making it a safer way to invest unlike bitcoin which is volatile.

palensya

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Quote from: soul-impact on March 02, 2017, 12:13:27 PM

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

For me we should not compare bitcoin and gold because the two are very different. Bitcoi is a digital currency that has a very huge value that gold cannot even reach. Gold can be physically hold on by our hands and its value doesnt even affect the price of bitcoin. So though the two has different value they are incomparable to each other.

plusquantu

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I personally do not agree with this because as much as bitcoin is profitable, gold is often noted for its stability through every economic change, crisis. It's among the strongest forms of assets there is, even in the earlier times.

zeze18

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I think why Bitcoin can beat the gold because everyone likes new thing and I think gold has existed for a long time and many people that use Bitcoin so gold is not used much anymore.
so we should not have to be concerned about Bitcoin has defeated gold or not,because both have different advantages but mutually beneficial and I think the new generation will appear in the future that will beat Bitcoin,because Bitcoin is a new generation after gold.

SkustaClee

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Quote from: soul-impact on March 02, 2017, 12:13:27 PM

Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

Bitcoin will never defeat gold. We all know that gold is one of the valuable things in the world. Many people are taking care of their gold because of its value. Bitcoin is still new in the world and it seems that it doesn't have enough power to surpass gold.

ArtPt

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Not actually, since BTC cap is still way smaller than Gold cap. But if compare by inverstors interest, then probably, yes, it happened.

Snub

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why are we comparing gold and bitcoin?) they are different.. as grandfather and grandson), both are good if used their in business...gold is more stable to save money, and bitcoin allows you to get more profit, but also has more risks

maxamus

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Quote from: arief89 on November 27, 2017, 10:01:10 AM

For now gold is defeated by bitcoin, although bitcoin is uncertain, but now bitcoin prices are getting expensive, it's time for bitcoin to show that bitcoin is a good and reliable digital currency for the future. ...

Well this is an never ending debate whether gold or bitcoin but I feel that we cannot compare these two things as gold is more reliable and can be accepted worldwide and the value of gold increase at a real slow rate but on the other hand bitcoin might not be as reliable as gold but has potential to give huge profits real quick are we are currently witnessing and needs more adaptability.

arief89

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For now gold is defeated by bitcoin, although bitcoin is uncertain, but now bitcoin prices are getting expensive, it's time for bitcoin to show that bitcoin is a good and reliable digital currency for the future. ...

Vaskiy

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Quote from: Granxis on November 26, 2017, 11:42:31 PM

I think it is not right to compare gold with Bitcoin, because gold is a valuable mineral used in many industries. So 1 kg of gold will always be worth more than 1 Bitcoin, compare a 9-10 year old technology with an old mine as human history.

Maybe what you have said is true, but bitcoin users never think in such a manner. Even now if technology is no more available you could have never got the opportunity to invest into gold in a digital form. Everything depends on technology whether it's mineral or something else. So, an technology backing system growing in less than ten years time gaining potential to defeat gold in terms of value has taken place. Soon it might gain the trust of hold investors too.

Granxis

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I think it is not right to compare gold with Bitcoin, because gold is a valuable mineral used in many industries. So 1 kg of gold will always be worth more than 1 Bitcoin, compare a 9-10 year old technology with an old mine as human history.

Blackwalker

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It had defeated gold a long time ago gold is not worth a lot also it is a lot easier to get gold than to get one bitcoin and i am not talking about buying them that is why i prefer bitcoin over gold anyways.

West0813

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Even though bitcoin defeated gold on value. Gold is more stable than bitcoin because all country in the world are using gold. Gold can last forever. And i don't know if bitcoin can last forever too.

Trela

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Quote from: vv181 on November 25, 2017, 03:01:27 AM

Bitcoin has not yet able to defeat gold but with this positive trend will likely continue. And I suspect that once Bitcoin starts to compete for gold, I believe this will happen, Every nation states will panic and increase their reaction against cryptocurrencies. Gold markets will begin to fall. There will be increased attempts to regulate Bitcoin to protect the interests of gold holders.

I think it is very hard, because the community of Gold is not small. You can see all countries of the world are using Gold to compare the rich of every country. As long as treasury of the country has more gold reserves, these countries can have more percents to become the richest country and the value of currency in these countries also have high price.

vv181

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Bitcoin has not yet able to defeat gold but with this positive trend will likely continue. And I suspect that once Bitcoin starts to compete for gold, I believe this will happen, Every nation states will panic and increase their reaction against cryptocurrencies. Gold markets will begin to fall. There will be increased attempts to regulate Bitcoin to protect the interests of gold holders.

50ouncebrew

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There was never a war between Bitcoin and Gold. Im not sure where you are getting that from. Gold is not a competitor of BTC. Gold will always have value, as will diamonds, rubies, solver and all other precious metals.gems. Each one of them is like its own cryptourrency.

CowboyKiller

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Quote from: bozo333 on November 24, 2017, 02:57:32 PM

Quote from: bitcoinminer45678 on November 24, 2017, 02:42:03 PM

Quote from: Leane Lee Natividad Cuenc on November 24, 2017, 02:04:53 PM

Yes bitcoin defeated gold because as i notice bitcoin is so popular and have a good profit and truly worth it...Its so nice to be part of Bitcoins i mean as Member of it.Thanks Bitcoins😊😊😊

gold have its own features i think most of the gold is now using for some decoration of men women in the world and have now very low contribution in the economy as the world is running through transaction while a common man cannot do transaction with gold as he she will use it for jeweler and the common man need some source of money like paper currency or BTC to make transaction like purchase foods etc for himself.

Bitcoin is differ to the gold. Bitcoin will be change everyday but gold will not change any time. It will change some time. Bitcoin is useful to change other process. Bitcoin is life to be change and improve your knowledge. Gold use some time. So it will must not use for the further process. But bitcoin will be use any country and easy way to chge the money.
it will count the all country people it use for the future business process.

Although I not sure others have Bitcoin and using it or not, but I'm sure, at least in every normal family (not is the poor) all owns some once Gold for the life. I asked my neighbor do they know Bitcoin, but almost answer are "NO"! So, how do all people of the world using Bitcoin for business as your said.

bozo333

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Quote from: bitcoinminer45678 on November 24, 2017, 02:42:03 PM

Quote from: Leane Lee Natividad Cuenc on November 24, 2017, 02:04:53 PM

Yes bitcoin defeated gold because as i notice bitcoin is so popular and have a good profit and truly worth it...Its so nice to be part of Bitcoins i mean as Member of it.Thanks Bitcoins😊😊😊

gold have its own features i think most of the gold is now using for some decoration of men women in the world and have now very low contribution in the economy as the world is running through transaction while a common man cannot do transaction with gold as he she will use it for jeweler and the common man need some source of money like paper currency or BTC to make transaction like purchase foods etc for himself.

Bitcoin is differ to the gold. Bitcoin will be change everyday but gold will not change any time. It will change some time. Bitcoin is useful to change other process. Bitcoin is life to be change and improve your knowledge. Gold use some time. So it will must not use for the further process. But bitcoin will be use any country and easy way to chge the money.
it will count the all country people it use for the future business process.

bitcoinminer45678

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Quote from: Leane Lee Natividad Cuenc on November 24, 2017, 02:04:53 PM

Yes bitcoin defeated gold because as i notice bitcoin is so popular and have a good profit and truly worth it...Its so nice to be part of Bitcoins i mean as Member of it.Thanks Bitcoins😊😊😊

gold have its own features i think most of the gold is now using for some decoration of men women in the world and have now very low contribution in the economy as the world is running through transaction while a common man cannot do transaction with gold as he she will use it for jeweler and the common man need some source of money like paper currency or BTC to make transaction like purchase foods etc for himself.

Leane Lee Natividad Cuenc

member

Activity: 154

Merit: 10

Yes bitcoin defeated gold because as i notice bitcoin is so popular and have a good profit and truly worth it...Its so nice to be part of Bitcoins i mean as Member of it.Thanks Bitcoins😊😊😊

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