Bitcoin has defeated gold - page 37.

Sled

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Bitcoin- in bullish time

Quote from: betlord90 on September 20, 2017, 01:42:20 AM

Quote from: voltesbit777 on September 20, 2017, 01:18:13 AM

Quote from: v0rtecxz on September 17, 2017, 08:02:18 PM

I think this time bitcon compared to gold still can not exceed it, gold has existed since the past and has been used as a tool of transactions and other things and of course everyone will know about gold, gold is a place to Invest because the price is good and the growth is very good , but bitcoin is not necessarily everyone knows it and bitcoin can be regarded as a newcomer, but because of its rapid growth and rising prices, many of them invest in it, but for the next few years maybe its price could surpass gold with good growth and increasingly many people who know bitcoin, will certainly make the price soaring

Gold can't be deny that it is already ancient. And bitcoin was just being established since 2009 up to now but the volatility of bitcoin was very hot and aggressive in terms of value. While in Gold was very slow, Maybe that's the reason why bitcoin surpassed the value of Gold.

But if you compare those both assets the gold was the one who's been doing well and been grab by all of the nations here and they threat is as more valuable assets among with the BTC. And thats one of the strongest reason why I cannot actually say that bitcoins really defeat it since both assets are in different state since Gold is physical asset while bitcoin is digital.

If we are going to talk about the nations or countries that could possibly accept between bitcoin and gold then it is completely a huge L for bitcoin because like in china that they are not into bitcoin anymore because of the possible threat that they saw in bitcoin so they already banned bitcoin but in the future, we can easily see that the decisions for bitcoin like banning will change because they will see that even there is a bad history for reputation of bitcoin from different countries, bitcoin can still prove them wrong.

betlord90

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Quote from: voltesbit777 on September 20, 2017, 01:18:13 AM

Quote from: v0rtecxz on September 17, 2017, 08:02:18 PM

I think this time bitcon compared to gold still can not exceed it, gold has existed since the past and has been used as a tool of transactions and other things and of course everyone will know about gold, gold is a place to Invest because the price is good and the growth is very good , but bitcoin is not necessarily everyone knows it and bitcoin can be regarded as a newcomer, but because of its rapid growth and rising prices, many of them invest in it, but for the next few years maybe its price could surpass gold with good growth and increasingly many people who know bitcoin, will certainly make the price soaring

Gold can't be deny that it is already ancient. And bitcoin was just being established since 2009 up to now but the volatility of bitcoin was very hot and aggressive in terms of value. While in Gold was very slow, Maybe that's the reason why bitcoin surpassed the value of Gold.

But if you compare those both assets the gold was the one who's been doing well and been grab by all of the nations here and they threat is as more valuable assets among with the BTC. And thats one of the strongest reason why I cannot actually say that bitcoins really defeat it since both assets are in different state since Gold is physical asset while bitcoin is digital.

voltesbit777

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Quote from: v0rtecxz on September 17, 2017, 08:02:18 PM

I think this time bitcon compared to gold still can not exceed it, gold has existed since the past and has been used as a tool of transactions and other things and of course everyone will know about gold, gold is a place to Invest because the price is good and the growth is very good , but bitcoin is not necessarily everyone knows it and bitcoin can be regarded as a newcomer, but because of its rapid growth and rising prices, many of them invest in it, but for the next few years maybe its price could surpass gold with good growth and increasingly many people who know bitcoin, will certainly make the price soaring

Gold can't be deny that it is already ancient. And bitcoin was just being established since 2009 up to now but the volatility of bitcoin was very hot and aggressive in terms of value. While in Gold was very slow, Maybe that's the reason why bitcoin surpassed the value of Gold.

Biggapp

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Quote from: Kevondo on September 16, 2017, 12:13:30 PM

Quote from: osmo on September 13, 2017, 09:32:38 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.

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.

barbara44

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Quote from: PokerFace3 on September 10, 2017, 02:15:28 AM

Quote from: Nathland on September 08, 2017, 11:18:55 AM

I think Bitcoin has defeated gold in terms of rare of growth but it is far from defeating gold in terms of popularity and acceptance.

Gold has been with humans with the times immemorial. Bitcoin is just in its infancy, yet it is attracting majority around the world. Obviously, we need to give it some more time before being accepted by all. Only those people who use internet were able to discover this and most of them are also still unaware of bitcoins.

You have rightly said that still many of us are unaware of Bitcoin and they don’t even know this thing that this thing either exists or not. Apart from awareness, if we talk about profit and increase in market price of Bitcoin as compared to gold we will notice this thing that Bitcoin is far ahead of gold in spite of the fact that it is just the beginning of its era.

Litzki1990

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Bitcoins its going to defeat gold because bitcoin it always changes the value and its going to rise but the gold i think it will steady only. And bitcoin you can also use it for trade to get some profit.

MarconyGL

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Quote from: Cryptojunkiez on September 19, 2017, 03:27:02 AM

bitcoin has defeated gold but the price of bitcoin and the price of gold is unstable so we dont know what we dont know but we know what we know and that is why we need to believe in bitcoin and the rise of it.

The price of gold is more stable than the price of bitcoin and it can not so sharply descend or rise. But bitcoin is a new way of earning money and you need to believe in its development.

Cryptojunkiez

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bitcoin has defeated gold but the price of bitcoin and the price of gold is unstable so we dont know what we dont know but we know what we know and that is why we need to believe in bitcoin and the rise of it.

aeternus

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Quote from: Tubig on September 15, 2017, 07:04:20 PM

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.

But if gold has scarcity how will it affect its price? We know that gold is in nature, on earths surface, but what if we are out of gold mines?

Gold may be rare on earth and is rare in the universe by being a heavy element compared to the most common elements in nature like hydrogen and helium but the universe is filled with gold, so if humans were able to conquer space travel gold will no longer be rare, we will need to create our own scarcity, something that bitcoin does already.

ict

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but you must think about this, bitcoin someday will die. for short or long time later, we wont use this coin again. and than, the price of gold is stable, so its great for invest for long term. so, never disagree when bitcoin defeat gold

BabyBoss

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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.

Absolutely big yes. Look at today bitcoin reach approximately $4000 now and its truly super Wow! Bitcoin conquer gold than what we expect because of the high demand of bitcoin I believe than now bitcoin defeats gold.

Charisse1229

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For me that bitcoin can not defeat gold, becuase the market cap of gold still high, Gold is more use for buying and selling goods, it is still higher value than bitcoin. That the reason why he connot defeat gold.

Lpim01

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Quote from: Matcuda on September 16, 2017, 06:53:07 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.

I think that bitcoin can not defeat gold because it's 2 different directions. Gold existed for many years in the physical world, and then in virtual, and bitcoin only recently appeared in the virtual world and not all of them have accepted it.

They are totally different in many aspects as what you said. In terms of price probably bitcoin can make it as it surpass gold price in the market in past days. And it isn't enough we say that bitcoin will defeat gold, but bitcoin could contribute to us more than gold can do, That's why most of us are preferred to invest in bitcoin rather than gold for it's promising price.

Gameroid

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Quote from: Palider on September 17, 2017, 04:45:42 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.

I think no just compare the price of gold now. Gold use as accesories now not a currency like the old days, but the price still very high compare to bitcoin. The supply of gold is very high compare to bitcoin. Almost billion or trillion tonnes of gold has been mined until now.

I agree with you that gold has its own position which it maintained from the early stages of its discovery. We cannot push the value of gold behind, just because bitcoin is growing high and high. Who can guarantee that bitcoin will survive for the rest of this world, but everyone can easily guarantees that gold will last forever till the end of this world, and the holders of gold are mentally and financially relax.

BunnyShibe

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Quote from: ethereumhunter on September 16, 2017, 09:51:29 PM

the bitcoin price is defeated gold price but if we talk about which is stable between bitcoin and gold, maybe most of people in out there will choose gold as they only know gold than bitcoin. but for people like us which holding bitcoin will choose bitcoin than gold because bitcoin is in high price than gold. but actually people searching the stable investment and not changing in every second because they want their investment is safe but they don't know that every investment have a risk.

If we talk about the price and the current volume of investments, then no doubt that bitcoin is ahead in this race, but the availability, acceptance and holding in ordinary people gold still number 1. But with the passage of time when all the people realize the importance and the profitability bitcoin will lead in all aspects. No doubt bitcoin is the future digital currency and will overcome all other currencies.

Paid Piper

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Quote from: sapnu on September 16, 2017, 08:50:36 PM

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.

I doubt that it already beat Gold. It is true that it has a higher market value than Gold but that's not the only factor to consider on which one is better. Still, Gold has a more stable market value and with the fact that it has a physical market price. It is still a long way for Bitcoin and maybe, and potentially, Bitcoin will beat Gold as an investment and as an asset in the future.

I think the market cap of gold still high, because in my country as many people I know do not hold any bitcoin but all the people have gold may be in a very little quantity, but they hold gold, there are two big reasons for that. 1 is that bitcoin price is very high and most of the people cannot afford to buy bitcoin on such a high price and 2 is that about 95 percent people do not know anything about bitcoin.

Teraboy

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Quote from: Granxis on September 17, 2017, 08:21:57 PM

Gold has already proved its value before, but will it be as stable as gold? I think the real question is the stability of being stable, maybe it takes a lot of time for this experiment.

The market capitalization of the gold is not depend on the demands but i think that should be on the quantity. Bitcoin will never become stable as gold because bitcoin depends on the demand and the quantity was limited.

Bestwishes745

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Quote from: deisik on September 17, 2017, 11:13:40 AM

Quote from: Sithara007 on September 16, 2017, 10:57:00 PM

Quote from: Allan Ramanda on September 16, 2017, 10:42:07 PM

it is true that bitcoin prices are bigger than gold, gold is used from ancestor times to date, but bitcoin may not necessarily survive like gold. bitcoin is a digital currency that certainly has a weakness, both in terms of technology that is increasingly advanced at this time, of course there will be a new competitor

Nope. The Bitcoin price is not bigger than gold. Gold is having a market capitalization of somewhere around $7 trillion (considering that around 180,000 tonnes of the yellow metal has been mined till now). On the other hand, the market capitalization of Bitcoin is less than 1/100th of that of gold. The same can be said about the number of users as well

In fact, this remains largely unknown

Though I agree with you (if you don't disagree with me on this) that it is utterly meaningless to compare Bitcoin against gold as if the latter were sort of a reference point (they are just too different and serve devastatingly different goals). That said, we don't really know how much gold is actually traded as an investment asset and not hoarded by central banks as well as the IMF or used in jewelry all over the world. In other words, you can't definitely claim that gold is somehow better than Bitcoin in the sense you mean it (i.e. higher market cap and allegedly more users)

Gold is no more use for buying and selling goods, so I am also of the opinion that there is no need to compare gold and bitcoins because both are totally different from each other, not only in nature but in purposes as well. But we should admit that in last month, bitcoin did defeat gold in price.

Md Saad

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I agree with you on this point, I think Bitcoin is much valuable than Gold. once upon a time, Gold was considered as the most precious tool so that people tried to collect gold for the saving purpose. but time has been changed, at present Bitcoin is the most profitable system for saving and investment. though Bitcoin has been faced a price depreciation, for the time being, Bitcoin has got its platform. Whatever the case is Bitcoin is Bitcoin. day by day Bitcoin is becoming a popular currency system and people are getting involved at a large number. so that I can say that Bitcoin is much better than gold.

aencarnaci

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Quote from: aeternus on September 12, 2017, 11:07:32 PM

Quote from: Harriti on September 12, 2017, 12:48:34 PM

Quote from: oegarod on September 11, 2017, 12:43:51 PM

Quote from: esatceza on September 11, 2017, 12:27:14 PM

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.

I think Bitcoin has a lot more elements than gold, so it's easy to beat bitcoin through gold. When it comes to Bitcoin, people will think about decentralization, account information security, and theft prevention. Besides, we can use it for every transaction around the world with just internet connection. Gold does not do that, it's just stable and it's around the world but it's easy to lose and taxed.

Yes, bitcoin has varied features that are quite promising to profit the users. But gold as a commodity backing always has high secure nature compared to bitcoin. Also gold can be used as a reserve with its long year history. Bitcoin in terms of price as well profiting has defeated gold.

If you want to compare the value of Bitcoin to the value of Gold now, of course Gold is loser with Bitcoin. But remember, Gold has a long time history than Bitcoin many much, from feudal period we had used Gold for keep safe our money, Gold also a precious jewelry

The use of gold goes way back into the past, even in ancient Egypt gold was used as a currency, it was not a currency yet because you need it to weight the amount of gold, since coinage was developed much later, but even then ancient Egyptians knew about the value of gold.

You are very much right. At that time, the value of Bitcoin was far more than we can even think of. But you can’t deny the fact that at that time there was no such thing like Crypto currency back then. In the present age, Bitcoin is far ahead in the race from gold and many other valuable assets which were quite worthy in the past.

Topic: Bitcoin has defeated gold - page 37. (Read 28617 times)