Bitcoin has defeated gold - page 29.

aeternus

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Quote from: Sled on October 21, 2017, 02:46:57 AM

Quote from: leexhin on October 21, 2017, 02:12:33 AM

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.

Gold is left behind with bitcoin, the bubble never stops and here we are at $6120 mark. Investing in bitcoin is more profitable and in short time unlike gold that barely moving.

I don't think that the right term for bitcoin is bubble because you can see that the price is not a bubble and it is continuously going up because of the demand that keeps coming in bitcoin and that bubble that you are calling is not existing in bitcoin and i believe that even gold is a slow investment, it is still a good investment because like bitcoin it is just limited.

There is a difference between something being a bubble and something being worthless, the tulip mania was about tulips something completely worthless, the dot com bubble was a bubble but there were many useful business there and cryptocurrencies are the same, there are good projects out there and the best is bitcoin.

phpartisanmaster

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I think that the comparison is wrong, Because you should compare how easy to earn bitcoins rather than gold. It was a clear answer that bitcoins is a good and long term investment since the value is periodically increasing and it was easier to earn by working on different bounty campaigns.

futile-resistance

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Quote from: babarian on October 23, 2017, 11:11:26 PM

as that is the reality now, the price of gold is already very much different from the price of bitcoin

do not be like a fool, do something soon, not just admire or be surprised

If we make a comparison in between gold and bitcoin, then we have to admire this thing that bitcoin has defeated the gold quite comfortably. In fact there are so many investors who were previously investing in bitcoin and are now happily investing bitcoin.

Bitcoin is the best thing in order to earn money this world has ever seen. Gold is far behind than that of bitcoin and it is bitcoin which is at the top of the list.

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Quote from: Sled on October 23, 2017, 11:55:52 PM

Quote from: CryptoMoar on October 23, 2017, 11:37:29 PM

maybe in term of price, system, technology, gold defeated by bitcoin.
but, gold have other side that not owned by bitcoin. gold is pure treasure, cant decrease and useful.
and i think much people know gold than bitcoin, it mean gold's popularity is more than bitcoin

How can you said that gold defeated bitcoin by being a useful thing? Bitcoin is more useful than gold because if you will use bitcoin then you can transact to the other part of the world which is faster than the other way of transferring money and the potential return in bitcoin is bigger than the gold. So based on my comparisons i thin that gold has no chance compare to bitcoin.

Gold can be used to make jewelry, but Bitcoin is can not. Gold can limits its supply, but Bitcoin also can not do that (can clone more Bitcoin from hard fork, it look like as increase its supply). Do you think it is enough?

Wildwest

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Quote from: Sled on October 23, 2017, 11:55:52 PM

Quote from: CryptoMoar on October 23, 2017, 11:37:29 PM

maybe in term of price, system, technology, gold defeated by bitcoin.
but, gold have other side that not owned by bitcoin. gold is pure treasure, cant decrease and useful.
and i think much people know gold than bitcoin, it mean gold's popularity is more than bitcoin

How can you said that gold defeated bitcoin by being a useful thing? Bitcoin is more useful than gold because if you will use bitcoin then you can transact to the other part of the world which is faster than the other way of transferring money and the potential return in bitcoin is bigger than the gold. So based on my comparisons i thin that gold has no chance compare to bitcoin.

I do not know why gold must have that terms to defeat Bitcoin, even they have that terms Bitcoin still unbeatable. I'm very agree with you Bitcoin is useful than gold, this currency can be mined and can be used some things such as payment also transfer bitcoin or money with low fee.

Sled

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Quote from: CryptoMoar on October 23, 2017, 11:37:29 PM

maybe in term of price, system, technology, gold defeated by bitcoin.
but, gold have other side that not owned by bitcoin. gold is pure treasure, cant decrease and useful.
and i think much people know gold than bitcoin, it mean gold's popularity is more than bitcoin

How can you said that gold defeated bitcoin by being a useful thing? Bitcoin is more useful than gold because if you will use bitcoin then you can transact to the other part of the world which is faster than the other way of transferring money and the potential return in bitcoin is bigger than the gold. So based on my comparisons i thin that gold has no chance compare to bitcoin.

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maybe in term of price, system, technology, gold defeated by bitcoin.
but, gold have other side that not owned by bitcoin. gold is pure treasure, cant decrease and useful.
and i think much people know gold than bitcoin, it mean gold's popularity is more than bitcoin

babarian

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as that is the reality now, the price of gold is already very much different from the price of bitcoin

do not be like a fool, do something soon, not just admire or be surprised

Skyshark

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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.

It is true, nothing can beat bitcoin now, but still, its a bit risky but it also has lots of hope in it. Now, there are just so many investors that bitcoin is just continually increasing its price, and as of today, buyers and holders are still rushing to buy bitcoins, both old investors and new investors. Bitcoin now, is the biggest thing, that have ever happened in the worlds history.

ngesotcoy

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Quote from: ajochems on October 23, 2017, 09:51:59 PM

Quote from: szpalata on October 23, 2017, 09:34:52 PM

Quote from: macchiato on October 23, 2017, 09:08:40 PM

It has defeated it the very first time it was created. First, bitcoin is just made up of codes and algorithms. No natural resources used, no man labor needed and no transportation used for exporting. But it's value is higher. Can you see now how superior bitcoin is over gold?

How much Bitcoin are we talking about which is superior than gold? Is it a single Bitcoin per a kilogram of gold or the entire 21million Bitcoins as against a kilogram of gold, I think you need to be specific.

Yes.10 grams of gold is equal to 1BTC.So at any time gold is not equal to the bitcoin.1 gram of gold is 390$.One Bitcoin is equal to 5800$.I think with the one Bitcoin, you will get 10 gram's of gold. The price of gold is stable at particular value for long term. But the price of bitcoin will keep on vary.If the price reaches high value means, Sell the holding bitcoin and brought lot of bitcoin when the price is low.You will get more profit in bitcoin investment, than in gold inversement.

You know bitcoin is limited to 21 million coins, gold ounces exist far more than that. Bitcoin and gold are completely arbitrary values that don't relate to each other at all. I agree want to get more profit, bitcoin's better than gold in investment.

ajochems

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Quote from: szpalata on October 23, 2017, 09:34:52 PM

Quote from: macchiato on October 23, 2017, 09:08:40 PM

It has defeated it the very first time it was created. First, bitcoin is just made up of codes and algorithms. No natural resources used, no man labor needed and no transportation used for exporting. But it's value is higher. Can you see now how superior bitcoin is over gold?

How much Bitcoin are we talking about which is superior than gold? Is it a single Bitcoin per a kilogram of gold or the entire 21million Bitcoins as against a kilogram of gold, I think you need to be specific.

Yes.10 grams of gold is equal to 1BTC.So at any time gold is not equal to the bitcoin.1 gram of gold is 390$.One Bitcoin is equal to 5800$.I think with the one Bitcoin, you will get 10 gram's of gold. The price of gold is stable at particular value for long term. But the price of bitcoin will keep on vary.If the price reaches high value means, Sell the holding bitcoin and brought lot of bitcoin when the price is low.You will get more profit in bitcoin investment, than in gold inversement.

szpalata

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Quote from: macchiato on October 23, 2017, 09:08:40 PM

It has defeated it the very first time it was created. First, bitcoin is just made up of codes and algorithms. No natural resources used, no man labor needed and no transportation used for exporting. But it's value is higher. Can you see now how superior bitcoin is over gold?

How much Bitcoin are we talking about which is superior than gold? Is it a single Bitcoin per a kilogram of gold or the entire 21million Bitcoins as against a kilogram of gold, I think you need to be specific.

macchiato

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It has defeated it the very first time it was created. First, bitcoin is just made up of codes and algorithms. No natural resources used, no man labor needed and no transportation used for exporting. But it's value is higher. Can you see now how superior bitcoin is over gold?

TrueCryptonaire

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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.

Bitcoins is defeating gold in investment, more and more investors are investing in bitcoins rather than in gold. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.Gold and bitcoin are two different thing, each serves for a different purpose (in a way). Although both item can be an investment, they are still different. You can trust bitcoin for very wise investment ment for the future as well as gold however gold also are precious thing because it people love jewelries s and anything from gold so I think gold will stay in the market as well as bitcoin.

mickeybuddy27

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Quote from: Kurokonobasuke on October 23, 2017, 05:20:04 PM

I don't really think that Bitcoin already defeated Gold. Still, Gold is a better investment even if Bitcoin has a much larger market value, demand, and capital at this moment, Gold has a way stable market value than Bitcoin which is really important in an investment because it means less risk. And also, Gold is legal to most of the countries while Bitcoin is not.

When it comes to legalization, gold defeat bitcoin because gold is acceptable and well known every as good investment but is is more easy to collect bitcoin than gold even it has less risk on it because of having a stable price. Bitcoin defeats gold when it comes in use by people and there are many people invest on it because of it volatility that gives opportunity to investors to get high profit for long time of holding it.

Kisanaq

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In profit of course bitcoin has defeated gold, but the market cap of course gold is still larger than bitcoin, it may take at least 10 more years to beat the market cap gold.

Pettuh4

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Quote from: Kurokonobasuke on October 23, 2017, 05:20:04 PM

I don't really think that Bitcoin already defeated Gold. Still, Gold is a better investment even if Bitcoin has a much larger market value, demand, and capital at this moment, Gold has a way stable market value than Bitcoin which is really important in an investment because it means less risk. And also, Gold is legal to most of the countries while Bitcoin is not.

It doesn't even make sense to compare the two since Bitcoin can not be caught to measure its dimensions and weight like gold and so any form of comparison be it value or whatever doesn't make sense because we cannot compare equal amount of each.

Kurokonobasuke

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I don't really think that Bitcoin already defeated Gold. Still, Gold is a better investment even if Bitcoin has a much larger market value, demand, and capital at this moment, Gold has a way stable market value than Bitcoin which is really important in an investment because it means less risk. And also, Gold is legal to most of the countries while Bitcoin is not.

Dmitry.Vastov

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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.

No I don’t think that bitcoin has defeated gold as a total although it has defeated it in terms of price. This is because firstly Gold is a precious metal and has a physical entity whereas bitcoin is just a digital currency. Then Gold is more stable than bitcoin. Gold is regulated by government or banks which increases its stability where as bitcoin is not regulated by any government which decreases it’s stability. Then Gold is more popular among people then bitcoin Because of which it has gained more users then bitcoin.

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Quote from: scryclip on October 21, 2017, 04:01:40 AM

If the total market cap overtakes gold (maybe one day) then we can say "defeated" but I don't think anyone can say gold has been defeated yet.

Yes this is the only condition and I am sure this is going to happen soon, the place of the bitcoin is increasing and now people are trusting the bitcoin more than before so buy the bitcoin and get into it as soon as possible because in the future bitcoin is going to be the only one investment and the rule of the gold will be finish holding the bitcoin will give you the benefit for sure so be careful and use the bitcoin instead of the gold.

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