Bitcoin has defeated gold - page 30.

YTBitcoin

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Quote from: quarkyplum on October 21, 2017, 03:09:31 AM

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.

Even Gold is the best asset on the world at now, but it still called a big bubble in a long time by some famous people and experts. Therefore, Bitcoin also a bubble growth. Honestly, I do not need to someone call Bitcoin is bubble, just by its price still enough to prove that.

The price of bitcoin is ging to get stable at some time in future but we cannot call it a buuble. Bubble is something that enlarges first and after explosion it dies out, in literal meaning and calling any crypto coin by that name means it will reduce to very low value. I don't think so. Bitcoin value is growing up at a stunning rate and this is why people think it is a bubble. However, bitcoin is going to rise high and maintain that price.

aeternus

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Quote from: allthingsluxury on October 19, 2017, 09:50:06 AM

So many people have claimed this before. Highly unlikely. Both have their place in portfolios, to disregard golds history is a big mistake.

People say this since gold is still one of the points of reference when it comes to money, but bitcoin is still very far away to be able to beat gold in market cap, however I will not be surprised if in the next 10 years bitcoin grew enough to have something between 15% to 20% of the market cap of gold.

StarofBTC

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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.

There is hardly any reason to argue this thing that it is none other than bitcoin which is ruling the world now-a-days in a significant manner.

Gold was no doubt very much profitable and was considered as the best way of investing money in the past but now things have changed a lot. It is only bitcoin which is at the top of the list and it has earned a very good name in such a short period of time.

scryclip

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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.

quarkyplum

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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.

Even Gold is the best asset on the world at now, but it still called a big bubble in a long time by some famous people and experts. Therefore, Bitcoin also a bubble growth. Honestly, I do not need to someone call Bitcoin is bubble, just by its price still enough to prove that.

Sled

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Bitcoin- in bullish time

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.

leexhin

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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.

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.

Kiweikoo

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Quote from: jayhawk1 on September 26, 2017, 08:00:14 AM

Quote from: Biggapp on September 19, 2017, 10:58:23 AM

Quote from: Kevondo on September 16, 2017, 01:13:30 PM

Quote from: osmo on September 13, 2017, 10:32:38 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.

I agree with you that bitcoin has beaten gold, gold lost in price, but I think gold will still be a safe and attractive investment. bitcoin becomes a new choice for investment while gold has always been an investment.

Well now if we look at the price then we will know that bitcoin has more power than Gold the price of the bitcoin is volatile and it is not stable so it is the reason that bitcoin price keep on increasing and soon it will touch the most high price edge in the coming days the safety of the bitcoin is easier than the bitcoin because you can keep your bitcoin in your hardware wallet buy you cannot keep the gold with you so bitcoin is better than gold now even in price.

According to me it is very sure that bitcoin will defeat gold some day and it is almost done according to me. Bitcoin price is higher than the gold it is more expensive now. Bitcoin will grow more as the time passing. But comparing these two investments is not good I think because gold is also not so bad to invest but it is a bit difficult to keep it safe as compare to bitcoin so security could be the issue in gold.

I have pretty same opinion that it is quite nonsense to compare gold and bitcoins since both are different in nature and functions. Bitcoins have indeed a very clear edge over gold and many people prefer now bitcoins over gold for the same reason you have explained i.e. the price factor.

Yes I also agree with your opinion that bitcoin is preferable in this day and the reason is only price. But if we look most of the people in our communities what is the most demandable for them, bitcoin or gold? I think 99 percent people will prefer gold because bitcoin although a very profitable but not as trustable as gold. No internet means any bitcoin. Your account can be hacked, blocked by any anonymous reasons.

mornabo

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Quote from: unknown-user on October 20, 2017, 11:37:05 PM

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 still not defeated gold. Truly, Bitcoin is now having a much larger market value compared to Gold but Gold is still a better investment for having a more stable market value. And at this moment, Gold is legal to most of the countries and Bitcoin is not. Both Gold and Bitcoin are different in different aspects so comparing won't be that important.

no doubt that bitcoin market is getting bigger and more people keep coming and getting to know bitcoin, we can see that bitcoin is starting to circulate everywhere in various corners of cities around the world, we often see cryptocurrency and ico ads on the internet and it shows that bitcoin is growing very rapidly, the turnover of money in bitcoin is huge, maybe a few years later bitcoin will become a biggest commodity beat gold

unknown-user

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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 still not defeated gold. Truly, Bitcoin is now having a much larger market value compared to Gold but Gold is still a better investment for having a more stable market value. And at this moment, Gold is legal to most of the countries and Bitcoin is not. Both Gold and Bitcoin are different in different aspects so comparing won't be that important.

Hotel_Prodeo

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There can be no doubt that a very high profit rate makes bitcoin the best investment and hard to beat with any investment including gold, so I agree that bitcoin has defeated gold

Xetonica

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My answer for this yes, Because bitcoin always increasing the value. And gold i think not but it well increase but not so fast.

cryptoalfs76

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▰▰▰ MODULE ▰▰

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.

In my own perception,that bitcoin maybe competitive to gold but not defeated.even if we know now that how much famous the bitcoin in the crypto world.the digital curriency now is great in demand in the block chain market but if we compare to gold value maybe bitcoin is now second its worth.

boriss3

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This is bitcoin. Digital currencies are in great demand from customers among a variety of circles, which can defeat the price tag of gold, bitcoin began to be attractive bitcoin holders in the coming calendar year bitcoin can skyrocket considerably in present prices. you do not feel. Then you will regret for obtaining ignored bitcoin for now.

GoodOne

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Hard to compare completely to gold but looks like last 3-4 years can be called bitcoin rush time (like analogue to gold rush that started in 1848) Wink

rockyram

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Quote from: Sled on October 20, 2017, 06:53:40 AM

Quote from: usekevin on October 20, 2017, 03:45:29 AM

Quote from: RamBahadur.Gurung on October 19, 2017, 12:09:51 PM

Quote from: allthingsluxury on October 19, 2017, 09:50:06 AM

So many people have claimed this before. Highly unlikely. Both have their place in portfolios, to disregard golds history is a big mistake.

I agree with you. And it is completely wrong to say that gold has been defeated by Bitcoin. Even now, the market capitalization of gold is almost 100 times that of Bitcoin. And even the daily trade volumes of gold is much higher than that of Bitcoin. BTC doesn't even have a well defined derivatives market.

I won't accept your point. What are you talking.I think you know the value of 1 gram gold and 1BTC.One BTC =10 grams of gold.So it's not even good to compare to the gold.My opinion is Bitcoin always greater than a gold.And in the profit sense also ,you will get 10 times of profit in Bitcoin as compaare to gold.So how you say,Gold is greater than a BTC.

It is all about the perspective of the person about the things that we usually see in the different types of place like for investment. There is a side that gold is better than bitcoin and that is the stable market which will not make you afraid to invest since the price of gold is stable and it keeps stabilizing for the next years while bitcoin is just volatile and it makes the investors afraid of putting a lot of money because of the volatility but bitcoin is still my choice in investing because of the fast profit.

Ya but.In gold the price may be stable,you no need to worry for the investment. But as you said in Bitcoin only the price of bitcoin is keeps on increasing.Today the price of bitcoin is around 5940$.Just thing about the profit if you invested a month ago it's around 4000$.You will get more than 1700$ as profit.Can you get this from a gold.I think it's not all possible.

lighpulsar07

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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.

yeah indeed bitcoin has already surpassed gold in terms of price since this thread was created but in terms of market capitalization gold is still superior than bitcoin but i shouldn't compare them since they are both good investments and they have very huge differences in each other. it is better to say that bitcoin is bitcoin and gold is gold.

jaysabi

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Quote from: Emitdama on October 17, 2017, 09:49:03 AM

Quote from: ramsdaj28 on October 15, 2017, 02:22:36 AM

Quote from: eance on October 12, 2017, 11:42:01 AM

I would like to know how BTC and Gold are compared. Checking only the price seems too simple.

When he said BTC defeated gold, he's referring to the values of these two. In terms of value, bitcoin have really left gold behind. The usability and volatility of BTC is what makes it more preferrable than gold. Bitcoin is a ready-to-use asset especially in buying goods and paying bills. On the other hand, gold is often used in jewelries and local currency coins, and can't be access immediately unless you own a big gold mining company.

Gold is old now. It prices does not rise up. After several years, it makes progress of few dollars. Other than that, can we really have gold? Where is gold? I think it is in the lockers of Rothschild but bitcoin is now owned by anyone and we all can have as many bitcoin as we want to and can buy actually. Digital currencies are the future of money and bitcoin is at top of them.

People trade electronic gold the same way they trade bitcoin. Aside from people who buy physical gold and then have to pay to have it stored securely, which is a downside in and of itself, most gold trade is in the form of contracts or shares of a gold-focused ETF, or in derivatives. There's ostensibly no difference between trading a contract for gold and trading a bitcoin. Both have high liquidity and occur without anything physical to touch. The difference I suppose is that bitcoin has a way of verifying ownership (the private key) and a mechanism for seeing transfer (the blockchain), and gold contracts are a centralized investment vehicle in which you have to have faith in the issuer.

Smarty14392

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Quote from: Harbal on October 16, 2017, 03:53:16 PM

yeah bitcoin defeated gold, a calendar year back and now bitcoin has defeated and double the price of gold in it really is personal value and preserve seeking ahead to boost the valueÂ of bitcoin in the potential

Before bitcoin was came to the world gold was consider a big thing in the world which have a high rate and many people will try to do investment and trading with gold because the price of gold is also varying but it will not increase with a high rate.

But when the bitcoin came to the world then it have defeated the gold because the interest of people was attracted with a high speed then gold due to which the rate of bitcoin is increasing very quickly day by day and now the price of bitcoin is I think have a double price then gold.

anggada18

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gold is the biggest investment no one can compare with gold. if the bitcoin value is now large because bitcoin is a fluctuating virtual currency. but there is no risk if investment with gold but very risky if bitcoin investment. so you can choose what is good for you but do not be afraid to play. Grin

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