Topic: Bitcoin has defeated gold - page 38. (Read 28633 times)

Bitcoin is unstoppable and it is getting more expensive after a few months because a lot of people now are into bitcoin and they are now planning to just buy bitcoin and treat it like a gold and set it aside for long term because that is the most advisable thing to do with your bitcoin. Bitcoin is like a gold but it is more advanced and more valuable in terms of things that you can benefit in bitcoin.

Bitcoin is three times more than one once of gold. I so much like the way Bitcoin is growing and we hope this growth continue and one day one Bitcoin will be more than ten oz of Gold. Nothing will ever stop Bitcoin from growing no matter the attack by politicians and elites.

Yes true and it is proven that bitcoin is better than gold, I guarantee 100% that when people invest bitcoin and get profit then he will not be interested in other types of investments including gold.

i do agree, invest on hold gold in future finance are slow bit to gain profits
but invest on some crypto trading, it's can makes money fast.

yes, although today bitcoin has beaten gold but gold remains the safest investment because gold is the original goods and the price is quite stable. whereas bitcoin is not everyone knows what bitcoin is so make bitcoin prices very volatile.

Stability will come as the market capitalisation of Bitcoin increases. Right Now, Bitcoin can be easily swayed by large orders from whales. For stability to occur, the liquidity andmarket depth of Bitcoin needs to increase a lot more

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.

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

Bitcoin has defeated gold long ago.
Bitcoin is the new Gold 2.0

Defeated is a improper word for it.It is just all-natural that bitcoin can come with this huge value simply because of the number of it that is available.Keep in brain that we also know what variety it will end, in contrast to gold which is unidentified.Many areas are nonetheless not identified and there could be one that have lots of gold in it. That is why its cost just stayed there.

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)

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.

In order to protect from inflation and to guarantee itself, investors usually use many investment types.   such as stocks, real estate, and bond can keep you up to some time against the collapse of your hard currency. but for many investors around the world, gold is the biggest guardian of the economies affected by countries either internally or externally. bitcoin, on the other hand, seems to be very different from other innovations introduced up to now.total number of bitcoins that can be mining(total number of circulation) is set at 21 million; but the amount of gold that can be extracted is a more complex issue. In our world increasingly the amount of gold is increasing, about 1% to 3% of the total reserves are issued each year. For this reason, along with new discoveries in the short and medium-term, volatility is always probable in large quantities in the value of gold. It will also cause gold to fall out in large quantities to be extracted. It should be noted that bitcoin, as a new technology, has more volatility than gold. considering that the new bitcoin will not be mining after 21 million units in the long run, it can be considered a better means of saving under bitcoin.

suddenly   it will be much harder to turn cash into cash when you are out of the world war or when the economy collapses. Because bitcoin is based on the internet  and can not be stored physically, suddenly when the internet or electricity is cut off, all the assets may fly away. Since gold has been used as a valuable asset for centuries, it will be advantageous against gold to bitcoin in all bad scenarios.

I mentioned the similarities and superiorities to each other in two different situations.I think we can learn the answer to this question by comparing various events that we have encountered in the future.because both of them have their strengths and weaknesses. and can provide various facilities at various times of use.

I don't think you can compare gold price and bitcoin price like that.
You can take any amount of gold and compare it to one bitcoin. Some will be over the bitcoin price, and others under it.
The only way of comparing gold and bitcoin would be to compare the value of all the gold that has been mined in the world to the value of all the bitcoins mined until now.

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.

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

For it's not comparing its price but the use or how are dealing with these two. These two has a great price and yes I also believe that bitcoin will be one of top sooner.

This price in a single quantity, and if you compare the total volume, bitcoins will lose gold. you understand bitcoins appeared quite recently and exceed the gold, which since far is still known to need a very steep development and for this must pass more than a dozen years.

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.

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.