Bitcoin has defeated gold - page 33.

UzumakiSakuragi

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Quote from: soul-impact on March 02, 2017, 11:13:27 AM

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.

Yes it is true, people who invested on bitcoin and sold them are probably thinking of a way on how can they get back what they have lost, maybe some of them are just dying to turn back the time and just held their bitcoin until I don't know when. Now bitcoin is the leading cryptocurrency in the cryptoworld, and nothing is able to beat it even in our current world. Now even gold is being shaken by bitcoin. But I think its gonna be hard to replace gold. One day will come when we would just lose electricity and these modern gadgets, if that day happen, then bitcoin is no more, but gold would still be gold.

Monkeydluffy001

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Bitcoin is just a electronic representation of gold nowadays. Gold is a lot different thing to bitcoin. But technically speaking bitcoin is just a simple way to earn money thru internet, just simply wait, invest time and hope. But for me gold cant be defeated.

eance

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

Deathgamer

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Quote from: botany on March 02, 2017, 11:18:21 AM

Quote from: soul-impact on March 02, 2017, 11:13:27 AM

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.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer.

Yes bitcoin has defeated gold because compare to gold,bitcoin has a higher value.bitcoin as of now is more valuable than gold because bitcoin is always increasing and i hope that it wont stop increasing so that bitcoin will be the most expensive in the future.

RamBahadur.Gurung

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Quote from: deisik on October 12, 2017, 12:37:44 AM

That depends on your specific purpose

As many have already said (me included), gold and Bitcoin (as well as other cryptocurrencies) are used for different purposes. Gold as coins and bars, on the one hand, is used to store wealth, i.e. as a means of preserving value, while Bitcoin is used for speculation, i.e. for multiplying your wealth (and possibly losing it). As you can see, there is no competition between gold and Bitcoin, and the same investor or speculator can use and keep both without having a lot of cognitive dissonance

Agreed with your post. If you want to preserve your wealth, there can be no asset which is safer than gold. The only thing is that because it is a physical asset, it can be seized by the authorities or stolen by the thieves.

robotrobert

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Quote from: d1ceplayer on September 23, 2017, 04:48:54 AM

Quote from: Osarman on September 12, 2017, 12:24:36 AM

Quote from: ArrogantPeacock on September 07, 2017, 04:57:16 AM

who knows, maybe one day it will surpass the value of an entire apartment

imagine one day seeing online:
"Newly Renovated Four Bedroom Apartment Downtown Manhattan"
Price: 1.5921025 BTC

I want to see this advertisement as soon as possible. I am keeping bitcoins with the same hope of buying such things when bitcoins will increase manifolds in their price as compared to current prices. I believe bitcoins are not going to disappoint me and all other investors who are loyal to bitcoins.

Like you many people have bought bitcoin in the hope that one day it will overcome all the businesses in the world because of the fast growing price. And the holders are anxiously waiting for that time so that they will earn more and more money when the price will go much higher figure. Besides gold market prices are very slow and the investors wait for a long time to take their shares in the profit.

I do think the same. The investors are waiting for that time when bitcoin will take over all the currencies of the world. But one thing is obvious that bitcoin has given a lot of earnings to its investors. They have made a lot of money in the past few years. Although its price decreased to less than 3000 dollars but it regain its price and still going higher and higher and one day it will overcome all the business of the currencies of the world.

deisik

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Quote from: kelseydustin on October 11, 2017, 01:36:48 PM

Quote from: EdenHazard on October 11, 2017, 12:54:48 PM

Quote from: nelsledma on October 11, 2017, 12:48:01 AM

Quote from: aeternus on September 26, 2017, 12:15:27 AM

Quote from: allthingsluxury on September 20, 2017, 07:08:06 AM

Bitcoin may be worth more than gold currently, but I believe gold will eventually rise higher as well. Gold has over 10,000 years of history backing it, it isn't going anywhere.

The price of gold is being suppressed by paper gold, at some point in the future when people are no longer fine with accepting paper gold and want the real thing the value of gold is going to skyrocket and when that happens people will wish that they held gold as well, at least we have bitcoin but many people do not have bitcoin or gold.

I don’t agree with this because gold has its own value in the world market. It is a solid shape of money. On the other hand bitcoin is a new digital currency and most of the people still don’t even know the name. It is not so easy for bitcoin to replace gold because of the trust and acceptance of the people all over the world. In the future the same will continue although bitcoin will be the mainstream.

value are important indeed , but bitcoin are more than just about value , we can see that the current rate between gold and bitcoin are so contrast , bitcoin leading with huge value but it is just make people keep speculating about how they consider it as bubble.

bitcoin are a digital money that you can spend it anywhere anytime easily , unfortunately yes only for limited people only while gold are well known already. and that is the big problem.

But soon, people will know about bitcoin just like what they did to gold. When the first human was born, I do not think that he did know what gold is and how to use it. Therefore, bitcoin still has many years to prove that it can become gold and replace gold in the future. Bitcoin is better than gold in many ways. It is digital, so basically it cannot be harmed by natural elements like gold. And people right now tend to hold bitcoin just like other are holding gold Wink

That depends on your specific purpose

As many have already said (me included), gold and Bitcoin (as well as other cryptocurrencies) are used for different purposes. Gold as coins and bars, on the one hand, is used to store wealth, i.e. as a means of preserving value, while Bitcoin is used for speculation, i.e. for multiplying your wealth (and possibly losing it). As you can see, there is no competition between gold and Bitcoin, and the same investor or speculator can use and keep both without having a lot of cognitive dissonance

katiecbell

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Quote from: katrimans on September 23, 2017, 02:32:52 AM

Quote from: richmcrich on September 11, 2017, 11:15:12 PM

Quote from: PizzaBTC on September 08, 2017, 06:36:32 AM

Quote from: Gabrieelle on September 06, 2017, 09:33:21 AM

Quote from: soul-impact on March 02, 2017, 11:13:27 AM

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.

Nothin is impossible in this world. As we see bitcoin already beat the gold. Bitcoin is so popular because of its value and it is easy to earn that a gold. That's why many people wants to earn bitcoin rather than gold because in gold it is really hard to earn while in bitcoin you can just earn through online.

Bitcoin is better than gold in many aspects but gold also has its own charms. If I offer you gold today, obviously you won't deny taking it. That means you still value it. However bitcoins surpasses gold in terms of profits and transactions, no doubt.

You are right. We all value gold even in the present day. I think value of gold id there at its own place. The only difference which we are looking today is this that the value of Bitcoin in comparison to that of gold has been increased very much. This is why people are lie more attracted towards Bitcoin.

I also agree with that. Bitcoin has its own place in the market and the gold has its own values. Some people buy gold and hold it for their capital, besides some people have most ambitious about starting investment in some fast growing gaining profitable business like bitcoin in this day.

So I think both have their own values and as good as the people think it would be for their future purposes.

I also the same as you mentioned here. Both have their own values and market cap. People till date believes in gold mostly and because bitcoin is a new digital currency many people still are unaware of it and they will take time to believe, accept and invest in bitcoin. Defeat of other currencies is easy for bitcoin but in case of gold it is not so easy because people want guarantee for their investment.

kelseydustin

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Quote from: EdenHazard on October 11, 2017, 12:54:48 PM

Quote from: nelsledma on October 11, 2017, 12:48:01 AM

Quote from: aeternus on September 26, 2017, 12:15:27 AM

Quote from: allthingsluxury on September 20, 2017, 07:08:06 AM

Bitcoin may be worth more than gold currently, but I believe gold will eventually rise higher as well. Gold has over 10,000 years of history backing it, it isn't going anywhere.

The price of gold is being suppressed by paper gold, at some point in the future when people are no longer fine with accepting paper gold and want the real thing the value of gold is going to skyrocket and when that happens people will wish that they held gold as well, at least we have bitcoin but many people do not have bitcoin or gold.

I don’t agree with this because gold has its own value in the world market. It is a solid shape of money. On the other hand bitcoin is a new digital currency and most of the people still don’t even know the name. It is not so easy for bitcoin to replace gold because of the trust and acceptance of the people all over the world. In the future the same will continue although bitcoin will be the mainstream.

value are important indeed , but bitcoin are more than just about value , we can see that the current rate between gold and bitcoin are so contrast , bitcoin leading with huge value but it is just make people keep speculating about how they consider it as bubble.

bitcoin are a digital money that you can spend it anywhere anytime easily , unfortunately yes only for limited people only while gold are well known already. and that is the big problem.

But soon, people will know about bitcoin just like what they did to gold. When the first human was born, I do not think that he did know what gold is and how to use it. Therefore, bitcoin still has many years to prove that it can become gold and replace gold in the future. Bitcoin is better than gold in many ways. It is digital, so basically it cannot be harmed by natural elements like gold. And people right now tend to hold bitcoin just like other are holding gold Wink

whaawh

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Quote from: Rashid555 on October 11, 2017, 11:50:00 AM

yes bitcoin will crossed the gold market but as we know from the history it has no stability so its good news for now that the market value of bitcoin is higher than gold but we should look ahead for this it has strongly defeated gold and it will defeat other currencies as well.

that to give up gold today will be very stupid. The fact is that Bitcoin has a certain weight, but only in that society, which today is very limited.

EdenHazard

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Quote from: nelsledma on October 11, 2017, 12:48:01 AM

Quote from: aeternus on September 26, 2017, 12:15:27 AM

Quote from: allthingsluxury on September 20, 2017, 07:08:06 AM

Bitcoin may be worth more than gold currently, but I believe gold will eventually rise higher as well. Gold has over 10,000 years of history backing it, it isn't going anywhere.

The price of gold is being suppressed by paper gold, at some point in the future when people are no longer fine with accepting paper gold and want the real thing the value of gold is going to skyrocket and when that happens people will wish that they held gold as well, at least we have bitcoin but many people do not have bitcoin or gold.

I don’t agree with this because gold has its own value in the world market. It is a solid shape of money. On the other hand bitcoin is a new digital currency and most of the people still don’t even know the name. It is not so easy for bitcoin to replace gold because of the trust and acceptance of the people all over the world. In the future the same will continue although bitcoin will be the mainstream.

value are important indeed , but bitcoin are more than just about value , we can see that the current rate between gold and bitcoin are so contrast , bitcoin leading with huge value but it is just make people keep speculating about how they consider it as bubble.

bitcoin are a digital money that you can spend it anywhere anytime easily , unfortunately yes only for limited people only while gold are well known already. and that is the big problem.

xbl1008

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i can't believe that bitcoin prices are really higher than gold now that it had become a safe haven asset for investors, if SEC approve it to be on the list of assets bitcoin price will really soar more than just gold and more investors will really profit from it and it will attract many more users such as investors when bitcoin currently circulating the market

Rashid555

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yes bitcoin will crossed the gold market but as we know from the history it has no stability so its good news for now that the market value of bitcoin is higher than gold but we should look ahead for this it has strongly defeated gold and it will defeat other currencies as well.

Mukulislam

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Obviously bitcoin defeated gold am so happy that i have some of bitcoin that i buy last year and i stored them to my wallet.Bitcoin price is higher than the gold it is more expensive now.Bitcoin will grow more as the time passing.Currently bitcoin price is pump ($4854.50).

Kikeeping

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Gold not be invincible by bitcoin. Maybe a bit more value in bitcoin, but gold capitalization is much larger than bitcoin and more trusted as a longterm investment choice since centuries ago.

NoNetwork

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Quote from: Andrew882003 on October 02, 2017, 11:07:34 PM

Gold has been and will be most valuable! The first global natural disaster will show you how worthless electronic currency, for the most part tied to electricity... And the centuries accumulating gold was mined and valued;)

Most valuable? I don't believe that, for the most part, do you think having no electricity will be left unsolved? I don't think so, because almost anything now is dependent on electricity. Every economic related things are now semi-dependent to electricity, we needed it for the transactions of goods from our country to other countries and vice versa. And even if it will happen, gold will not do as good as you think it will be. Since gold is a non-renewable resource, all we consider valuable will not be the same if electricity don't function anymore.

nelsledma

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Quote from: aeternus on September 26, 2017, 12:15:27 AM

Quote from: allthingsluxury on September 20, 2017, 07:08:06 AM

Bitcoin may be worth more than gold currently, but I believe gold will eventually rise higher as well. Gold has over 10,000 years of history backing it, it isn't going anywhere.

The price of gold is being suppressed by paper gold, at some point in the future when people are no longer fine with accepting paper gold and want the real thing the value of gold is going to skyrocket and when that happens people will wish that they held gold as well, at least we have bitcoin but many people do not have bitcoin or gold.

I don’t agree with this because gold has its own value in the world market. It is a solid shape of money. On the other hand bitcoin is a new digital currency and most of the people still don’t even know the name. It is not so easy for bitcoin to replace gold because of the trust and acceptance of the people all over the world. In the future the same will continue although bitcoin will be the mainstream.

aeternus

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Quote from: jonatuzc on September 30, 2017, 01:43:55 AM

Quote from: alfs75 on September 26, 2017, 09:57:30 AM

Quote from: soul-impact on March 02, 2017, 11:13:27 AM

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.

Maybe sooner,bitcoin will defeated gold value,this is my opinion.the only things bitcoin is greater than gold is that bitcoin can use in stock exchange while you cannot barter gold in the market.bitcoin is visible and you can carry it anytime in your wallet, whenever you wer go, while you cannot carry gold anytime in your pocket because its huge.

There are many aspects in which gold has been defeated by bitcoins and the market of gold is getting destroyed by bitcoins on daily basis.

Many bitcoin investors were previously gold investors and they have left gold for very simple reason and that is its highly stable market price. People want changes on regular basis and they are that why adoring bitcoins.

This is not correct, I do not see gold holders leaving their favorite precious metal and investing in bitcoin at best some of them are getting some bitcoin just in case but they are keeping their holdings of gold intact, if what you said was happening we will see a decrease in the market cap of gold that will be very pronounced and and increase in the market cap of bitcoin.

Blackwhite69

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Quote from: Andrew882003 on October 02, 2017, 11:07:34 PM

Gold has been and will be most valuable! The first global natural disaster will show you how worthless electronic currency, for the most part tied to electricity... And the centuries accumulating gold was mined and valued;)

In ancient times gold will be proud and very trying to find as many different things with the modern world that is done in technology seems bitcoin will be a dream for all people who have an increasingly binding price every year Wink

Mailly

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I never recognized the Bitcoin vs. Gold paradigm. In my check out, they are both excellent retailers of value in their own correct.The mining process of Bitcoin virtually resembles the procedure of physical treasured steel mining. Monetary inflation prices are predictable for both, Bitcoin and Gold. Each can not be inflated at will. So I see them as (digital/physical) sisters, not as enemies.

Topic: Bitcoin has defeated gold - page 33. (Read 28633 times)