Bitcoin has defeated gold - page 43.

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Quote from: stolendata on September 04, 2017, 07:17:35 PM

yes I also think that bitcoin has defeated gold because now it is more profitable to invest money in bitcoin instead of gold.

Let's see what happens now. After the news of the Chinese ICO ban came out, Bitcoin has dropped by more than 10%, and many of the altcoins have dropped by as much as 15% to 25%. I am afraid that this is just the start of a long downward journey. Or it can be the last opportunity to purchase Bitcoins at prices below $4,000 per coin.

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Quote from: stolendata on September 04, 2017, 07:17:35 PM

Quote from: didik12 on September 02, 2017, 07:26:40 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.

For me yes, because gold is not also a stable price they have time that it is in a high value but gold is only going higher when if the years is the basis and also the quality of gold. In the part of bitcoin, bitcoin value is always changing value not stable so every day the value of bitcoin is going higher compare to gold years before value of gold is going higher. If the bitcoin is continueng increasing the value everday so they have possibility that bitcoin deafeted gold but now ithink it is defeated.

yes I also think that bitcoin has defeated gold because now it is more profitable to invest money in bitcoin instead of gold.

Bitcoin already defeated gold even the price of bitcoin is not high already because it has a lot of features that gold doesn't have and sooner and later bitcoin will take over the other investment and they will become useless investment and bitcoin will become the king of the market and other investment vehicle.

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Quote from: didik12 on September 02, 2017, 07:26:40 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.

For me yes, because gold is not also a stable price they have time that it is in a high value but gold is only going higher when if the years is the basis and also the quality of gold. In the part of bitcoin, bitcoin value is always changing value not stable so every day the value of bitcoin is going higher compare to gold years before value of gold is going higher. If the bitcoin is continueng increasing the value everday so they have possibility that bitcoin deafeted gold but now ithink it is defeated.

yes I also think that bitcoin has defeated gold because now it is more profitable to invest money in bitcoin instead of gold. people like to make money and increase the amount of their assets while gold has very stable price and therefore we cannot expect such a big increasing in the price of gold even after a long time, while bitcoin price can increase too much in a short period of time therefore people like to giving more preference to bitcoin instead of gold.

Konthol Ngaceng

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The fact is, we all know that bitcoin prices continue to rise without ever being able to predict. compared to a year ago bitcoin prices have gone up more than 400%, while gold nain no more than 8% for a year.

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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.

I don't think so. Both of its current market value won't determine what investment won. Indeed, Bitcoin is currently having a much larger value than Gold but still, Gold has a physical value and has a more stable value than Bitcoin which is volatile. And also, they are different, Gold is more of an asset and Bitcoin is more of a currency.

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Quote from: Fundalini on September 03, 2017, 02:34:03 AM

Bitcoin has defeated gold only in that aspect. Keep in mind that gold has been there since the beginning and would probably exist even after we die whereas bitcoin might or might not exist in the future. I think stability is the most important factor and gold is obviously the winner.

There is nothing in this world which cannot be done. This is what I think as well. I agree with you that Bitcoin is not that much stable now as compared to that of gold, but id doesn’t mean really that it can never beat gold in term of stability. The way Bitcoin is gaining attention of everyone sitting in the market, we can expect it to beat gold in all aspects.

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Quote from: Kikeeping on August 28, 2017, 10:57:52 AM

Advantages of having bitcoin are much higher than gold, at least for bitcoin holders this year. and we are still optimistic that bitcoin still strong to keep going up. While profits from gold are small even for a holding period of 1 year.

Both have benefits but the benefits are different, if you have gold you know that even if the world become like the Mad Max movies then you still have something of value in order to trade, and even I few do not get to that point you know that you are not going to lose as much money as someone that is completely invested in stocks.

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Quote from: lonelygrimm on September 04, 2017, 10:42:48 AM

Quote from: LuanX3 on September 02, 2017, 11:05:44 AM

Whales are probably controlling it, but it will all even out in the long run. They cannot manipulate it forever. There would come a time that they can no longer control the outcome of their activities. It may happen that they sell a huge amount and won't be able to bring down the price and it just continue to rise up then they lose their chance of buying for cheaps.

except the baddest scenario is the most users of bitcoin is typical panic person, it's easy to play with market graph if you have some big supply of bitcoin. I still remember in the back when the price was crash because those whale doing some ride to the deep ocean and people just follow it.

but we must understand that Bitcoin will not change all real money for today, because each of us understands how difficult it will be to use the crypto currency in everyday life. But there is an answer to the competitive Gold Bitcoin, then undoubtedly gold is lower than the price, but still no one can defeat its characteristics. Work will be a valuable metal in the past and in the future.

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Bitcoin bear gold double time!

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Quote from: LuanX3 on September 02, 2017, 11:05:44 AM

Whales are probably controlling it, but it will all even out in the long run. They cannot manipulate it forever. There would come a time that they can no longer control the outcome of their activities. It may happen that they sell a huge amount and won't be able to bring down the price and it just continue to rise up then they lose their chance of buying for cheaps.

except the baddest scenario is the most users of bitcoin is typical panic person, it's easy to play with market graph if you have some big supply of bitcoin. I still remember in the back when the price was crash because those whale doing some ride to the deep ocean and people just follow it.

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Quote from: michellee on September 03, 2017, 05:32:11 AM

Quote from: Pleione527 on September 02, 2017, 09:47:20 PM

Yes I think bitcoin has defeated gold when it comes to value appreciation its just that bitcoin needs more stability with regards its price. I guess in few more years bitcoin will become a big currency in the market

I only agree that bitcoin has defeated gold in price but for the investment, people out there still like gold than bitcoin and its proof that they don't know anything about bitcoin. but like you said, if bitcoin could be spread in many country and could attracted many people and many of them is join bitcoin, then we can say that bitcoin has one step ahead from gold.

Bitcoins are undoubtedly unstoppable. They have real guts of surpassing every investment in the world. Soon we are going to see that bitcoins will be on the top of list of most expensive assets. Bitcoins have very successfully beaten bitcoins several times since their creation. Bitcoins are seriously the digital gold.

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Quote from: Coffee135 on September 03, 2017, 05:36:04 AM

Bitcoin can not win the gold. It is absolutely different things. They are in different dimensions and are therefore unable to compete. They can only complement each other. Gold leader in the material world. Bitcoin is the leader in the virtual world

I second this attitude and view

But this is not my point. Gold could if only purely hypothetically become a Bitcoin direct competitor if, say, the American dollar kicks the bucket tomorrow as a means of payment used in international trade (note that it doesn't necessarily mean the demise of the dollar itself as a national currency of the US). In that very case it is as clear as day that gold will take the place of the dollar and become a means of payment again in and of itself (as a means of settling accounts between whole countries, obviously)

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Bitcoin can not win the gold. It is absolutely different things. They are in different dimensions and are therefore unable to compete. They can only complement each other. Gold leader in the material world. Bitcoin is the leader in the virtual world.

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Quote from: Pleione527 on September 02, 2017, 09:47:20 PM

Yes I think bitcoin has defeated gold when it comes to value appreciation its just that bitcoin needs more stability with regards its price. I guess in few more years bitcoin will become a big currency in the market

I only agree that bitcoin has defeated gold in price but for the investment, people out there still like gold than bitcoin and its proof that they don't know anything about bitcoin. but like you said, if bitcoin could be spread in many country and could attracted many people and many of them is join bitcoin, then we can say that bitcoin has one step ahead from gold.

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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.

Indeed. Bitcoin's price rare is really fast rising because bitcoin's popularity and growth is also fast approaching. I still cannot believe that it can surpass the highest rating mineral which is gold for just a couple of time. It is really true that nothing can stop bitcoin from continuous rise because as we observe, for just a couple of time, it had already approach its highest price rate since the time it was established and can furthermore approach higher price in the future.

Fundalini

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Bitcoin has defeated gold only in that aspect. Keep in mind that gold has been there since the beginning and would probably exist even after we die whereas bitcoin might or might not exist in the future. I think stability is the most important factor and gold is obviously the winner.

Nathland

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I agree with you that Bitcoin has defeated gold in terms of rare of growth. Bitcoin's growth rate is way higher than gold. But i don't think Bitcoin is able to defeat gold in terms of stability and popularity.

Pleione527

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Yes I think bitcoin has defeated gold when it comes to value appreciation its just that bitcoin needs more stability with regards its price. I guess in few more years bitcoin will become a big currency in the market

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Quote from: eloymjb on September 02, 2017, 11:09:48 AM

i couldnt believe that bitcoin defeated gold .. because in any aspect we should know in the whole population of the world theres atleast 10% people know a bitcoin but gold will be 100% known of all .. and we all known that gold have a strong value in the market that can buy even if the whole nation ..

Bitcoin still doesn't defeat gold yet, 1 ounce of gold is equal to $1,260 imagine that only 1 oz? But possinle that there will be the time that every gold investor will also be into bitcoin. And if you want to get decent profit try to hold both bitcoin and gold for better results.

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