Bitcoin has defeated gold - page 44.

didik12

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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.

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.

eloymjb

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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 ..

LuanX3

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Quote from: cexylikepie on September 02, 2017, 09:27:31 AM

Quote from: RamBahadur.Gurung on September 02, 2017, 08:49:36 AM

Quote from: dasana212 on September 02, 2017, 08:21:47 AM

Bitcoin defeats gold in terms of percentage profit that is grown, real investment is holding bitcoin. While gold is only protector value only. No one get loses from investing in bitcoin. Even by exploiting potential of bitcoin, we can generate tremendous profits and gold has skipped.

That has been true till now, but I am worried about the future. Some of the "experts" are saying that Bitcoin can crash before the end of this month, to less than $2,000 per coin. A lot of FUD is still going around, about the scheduled fork in November. Also, Bitcoin Cash is attracting a lot of users, and some of these users are selling their BTC to purchase BCH.

This is a scenario normally of whales, because they need have reason make the price of Bitcoin fall down in next time. Actually while the price of Bitcoin raising up at now, we have many reason for make it come back to low price again like your said.

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.

cexylikepie

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Quote from: RamBahadur.Gurung on September 02, 2017, 08:49:36 AM

Quote from: dasana212 on September 02, 2017, 08:21:47 AM

Bitcoin defeats gold in terms of percentage profit that is grown, real investment is holding bitcoin. While gold is only protector value only. No one get loses from investing in bitcoin. Even by exploiting potential of bitcoin, we can generate tremendous profits and gold has skipped.

That has been true till now, but I am worried about the future. Some of the "experts" are saying that Bitcoin can crash before the end of this month, to less than $2,000 per coin. A lot of FUD is still going around, about the scheduled fork in November. Also, Bitcoin Cash is attracting a lot of users, and some of these users are selling their BTC to purchase BCH.

This is a scenario normally of whales, because they need have reason make the price of Bitcoin fall down in next time. Actually while the price of Bitcoin raising up at now, we have many reason for make it come back to low price again like your said.

jc89

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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.

If that was the case 6 months ago then what about now that btc value grew 3x more from its value in March. I wonder where gold stands now. Though gold is a good tangible asset, btc takes the word "asset" on a whole new level. And that it enables everyone to have the opportunity for great investment because it isn't exclusive to just one circle of the society. Everyone that are openminded and are ready to venture into cryptocurrency investment have a place here and it contributed to the success of btc.

RamBahadur.Gurung

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Quote from: dasana212 on September 02, 2017, 08:21:47 AM

Bitcoin defeats gold in terms of percentage profit that is grown, real investment is holding bitcoin. While gold is only protector value only. No one get loses from investing in bitcoin. Even by exploiting potential of bitcoin, we can generate tremendous profits and gold has skipped.

That has been true till now, but I am worried about the future. Some of the "experts" are saying that Bitcoin can crash before the end of this month, to less than $2,000 per coin. A lot of FUD is still going around, about the scheduled fork in November. Also, Bitcoin Cash is attracting a lot of users, and some of these users are selling their BTC to purchase BCH.

dasana212

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Bitcoin defeats gold in terms of percentage profit that is grown, real investment is holding bitcoin. While gold is only protector value only. No one get loses from investing in bitcoin. Even by exploiting potential of bitcoin, we can generate tremendous profits and gold has skipped.

yakushev

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Bitcoin has long defeated gold and shows that it can bring a much faster profit. But this does not mean that all the funds need to be invested in bitcoin, you need to remember about the risks.

NoNetwork

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Quote from: Nurma.A on August 29, 2017, 11:01:05 PM

yeah you are right. bitcoin prices have surpassed gold. but we also have to be careful if someday the bitcoin price goes down Shocked

I think that is not possible right now. I mean if you could see the status of the bitcoin, even though its price is somehow great despite of its fluctuations on the price still it will have no guarantee of having bitcoin go down in its price, besides we are talking about Bitcoin here.

Mung1943

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I dont feel that bitcoin would be ready to defeat gold, as for gold is way more cherished that bitcoin. Possibly bitcoin is significantly a lot more high-priced now than gold, but gold will never be long gone. Let us just not compare these two.

Francer

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woaaahh its a new milestone for bitcoin obtaining greater than any forex signifies larger charge of bitcoin..... and also higher chance for miners and savers of btc to do significantly far more for the up coming many years and heritage way too

NoNetwork

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Quote from: denny27 on August 29, 2017, 11:47:15 PM

Already proven to be so, Bitcoin it seems defeating the gold value that continues to moving/leads in an increasing and more superior than gold in general to everyone and can giving good hope for the future. Believing or not not, Bitcoin will be increasingly highlighted by more peoples to push individual finances.

Yes it is true that Bitcoin have already defeated Gold in different platforms and all of that. But you're giving too much praise and hopes for Bitcoin now. I mean it doesn't always that good to assume things like Bitcoin will be over the time in no time even in dollars and other fiat currencies.

entrepmind23

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Quote from: Nameless27 on August 30, 2017, 05:06:50 PM

The price as comparison is a huge gamble eventhough the point is right but the reality is the risk. If you stumble from gold investment for its physical value can't change it is still be available in the near future except it was stolen or lost. Bitcoin we all know that it can be high now but it might lost soon without any notice. It is how we look at it that matters.

Bitcoin has defeated gold in terms of price and being used as the new hedge in times of economic uncertainty like what is happening now but then gold is still higher in market capitalization and being known worldwide. Gold is still the known one especially for the people who are not tech savvy and some would still prefer precious metals over digital currencies because of price stability. Someone that wanted to secure his assets would prefer precious metals over digital assets because of its price that is not fluctuating since digital money nowadays is still very volatile and in terms of popularity, gold is known by the masses and bitcoin is not yet that known.

onrise

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Quote from: Nurma.A on August 29, 2017, 11:01:05 PM

yeah you are right. bitcoin prices have surpassed gold. but we also have to be careful if someday the bitcoin price goes down Shocked

So far so good with Bitcoin making progress slowly and daily . Last year itself Btc became a better option than investing in the gold considering in terms of returns , easily buy and sell takes places etc . Well for this year Btc prices have moved in one way towards upwards and this registering huge gains for those who had bought early this year.

Well I would suggest even now if you buy it is a good time considering 5k levels to reach sooner and make some profits .

geyayy

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Quote from: cluit on August 26, 2017, 03:24:08 AM

It hasn’t defeated gold, it has just outpowered gold in worth, gold is still more valuable than bitcoin in many ways, you can use gold as a collateral for many properties using bitcoin would be hard and even if allowed you might have to use bitcoins double the price to guarantee safety incase the market crashes

This is true. For others don't know what bitcoin is, gold is there for you to use. Not all people are knowledgeable about bitcoin, so you cannot use bitcoin as a collateral. Bitcoin is virtual, although it has larger price than gold has now.

SokrieeE

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Bitcoin defeated gold long time ago now we can say bitcoin gonna defeat government policies anyone heard about Russia latest news banning on bitocin crpto .

Nameless27

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The price as comparison is a huge gamble eventhough the point is right but the reality is the risk. If you stumble from gold investment for its physical value can't change it is still be available in the near future except it was stolen or lost. Bitcoin we all know that it can be high now but it might lost soon without any notice. It is how we look at it that matters.

Divyam96

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No I don't believe that bitcoin has defeated gold even though bitcoin's prices have increased more than that of gold. It is because gold is a stable form of money. It is standardised around the globe and it is comparitevely less fluctuate in prices as compared to bitcoin. Whereas bitcoin is not standardised around the globe and iss fluctuable in prices therefore it is not stable.

2tang

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Quote from: logicgate on August 30, 2017, 03:10:59 PM

Quote from: audrey12 on August 30, 2017, 01:13:05 AM

It's so amazing that bitcoin was able to defeat gold and it continue to appreciate. I think after 5-10 years maybe the world will no longer use paper money instead we are using cryptocurrency and bitcoin is the major currency

Bitcoins are though famous all over the world but still there are many people who are stick to conventional money and they will never ever let them vanish from the face of earth forever. Bitcoins will be used by all of us in the near future but not as the replacement of paper money. So maybe i think that time will become in future that most of the people focus to cryptocurrency or bitcoin for the purpose of earning more money.

Comparison of bitcoin-gold = asset, and bitcoin-fiat = currency, is very different. There is one condition that I consider gold to be the best because it has an official letter that can be legally justified in every country, although the bitcoin price volume is far superior but some people choose to stick to the legality of the assets.

BaraxLo

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Quote from: Saidmod on August 30, 2017, 01:06:08 AM

Quote from: Blamsud on August 30, 2017, 12:33:42 AM

Quote from: denny27 on August 29, 2017, 11:47:15 PM

Already proven to be so, Bitcoin it seems defeating the gold value that continues to moving/leads in an increasing and more superior than gold in general to everyone and can giving good hope for the future. Believing or not not, Bitcoin will be increasingly highlighted by more peoples to push individual finances.

Many investors already put their trust on btc, their trying to develop their projects thru cryptocurrency and funds through btc. It will be a great help to everyone in the future since it doesn't limit who can have it or use it.

Those projects in cryptocurrency will not totally defeat Gold because there are some projects which are made to improve and develop the use of gold not only in physical but also to be use in some matters. Bitcoin and Gold have a good great value in the future.

Indeed! Gold has been serving us for centuries and still has not lost value. Bitcoins are the latest invention but have become one of the expensive assets of the world. Bitcoins are not less than gold now; we can call them digital gold. Bitcoins and gold both are going to serve us together in the near future.

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