Bitcoin has defeated gold - page 47.

aeternus

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Quote from: bitcoinmaniac52 on August 21, 2017, 12:35:12 PM

Considering Gold's market cap is over $8,000,000,000,000 and Bitcoin's is just $75,000,000,000 it is quite safe to say that this is untrue.

However, it is certainly possible that when the other 99% of people learn about Bitcoin and begin investing in it that we will see a number close to this and eventually surpass it.

After all, $1,000,000 per Bitcoin means the market cap would be $21,000,000,000,000 minus lost coins, which still would be well above Gold.

I think your numbers are simply too high, for many people in the forum bitcoin is performing the same function as gold, they are using bitcoin as a store of value so we do not need numbers that high if some of the people holding gold decide to hold bitcoin instead.

supandi wiharja

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This is a fact now, the amount of demand for bitcoin makes the bitcoin price go beyond the gold price,i think this is history for bitcoin.
Although bitcoin price exceeds gold but for form and beauty i still love gold because gold is physically very attractive while for bitcoin is not visible, now everyone is in droves to collect bitcoin as a future investment. .

filharvey

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Bitcoin has already surpassed those price limits and now its price is $4315.Thats why,it has started to gain more attention of gold investors.Bitcoin has become the ultimate choice of investors world wide.Its price is soon expected to cross $5000 after november this year.Gold investors preferred gold as an investment since their investment is secure in it and had not found these much days such an investment.But now they all have found bitcoin to be a valuable investment which could give huge returns but at the same time,their investment is also secure.

Nahl

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from the price side indeed bitcoin has surpassing Gold but as the investment option bitcoin still very far to surpassing gold because as traditional investment people in the world more likely to choose gold rather than bitcoin because volatile always be the main problem for bitcoin and investing on bitcoin still not ensure valuable for next 20 or 30 years but gold can survive at those years

cluit

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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

twicezeroiszero

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Quote from: garmerys on August 25, 2017, 04:51:10 AM

Quote from: Vinalians on August 22, 2017, 03:40:54 AM

yep .., nothing can stop bitcoin right now. it is now 4000$ + the bitcoin beats gold a year ago and still increasing it's own value until today next year for sure the price of it will increase more.

Gold has now become younger brother of bitcoin, lol. Though gold is older in the market but is not capable of increasing in value tremendously in short time. Bitcoins are the present and future of world assets. They have changed the minds of traders who were up till now just investing into traditional assets.

However, if you think again carefully about Bitcoin and Gold, you will understand the ratio growth in short time of them really difference.
Bitcoin has grew 300.000% from first time until today, but look at again Gold, don't growth like Bitcoin but it can stable price and have a huge community than Bitcoin.

garmerys

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Quote from: Vinalians on August 22, 2017, 03:40:54 AM

yep .., nothing can stop bitcoin right now. it is now 4000$ + the bitcoin beats gold a year ago and still increasing it's own value until today next year for sure the price of it will increase more.

Gold has now become younger brother of bitcoin, lol. Though gold is older in the market but is not capable of increasing in value tremendously in short time. Bitcoins are the present and future of world assets. They have changed the minds of traders who were up till now just investing into traditional assets.

doomloop

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Quote from: GuppyMan on August 23, 2017, 08:29:55 AM

Bitcoin defeated gold only in demand, but gold still remains a reliable and good form for saving and multiplying its funds. I think that you need to use bitcoin and gold.

the price of the bitcoin is no doubt very high and it is a good source of income now because the bitcoin has achieved the goal of the bitcoin high price and soon it will be the highest price coins but gold is good to collect and to keep at home but you cannot earn good income selling bitcoin and bitcoin will give you high profit after a short time indeed so bitcoin is better than gold for me.

malikusama

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I don't agree, there isn't any comparison of gold with bitcoin. Gold is much more stable than bitcoin, i do believe that the price of bitcoin is much higher than gold but the price is not the only thing that measures the capability and worth of a thing, the reliability and stability also matters a lot.

deisik

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Quote from: IIOII on August 23, 2017, 10:31:34 AM

I never understood the Bitcoin vs. Gold paradigm. In my view, they are both good stores of value in their own right.

The mining process of Bitcoin virtually resembles the process of physical precious metal mining. Monetary inflation rates are predictable for both, Bitcoin and Gold. Both can not be inflated at will. So I see them as (virtual/physical) sisters, not as enemies

They are neither sisters nor brothers

Since you obviously forget to mention and thus take into account the core difference that distinguishes gold from Bitcoin. Gold has intrinsic value which it cannot be deprived of without destroying it, while Bitcoin, on the other hand, is only a value token, i.e. it doesn't possess any value on its own, apart from transactional utility, of course. But even that pretty much sucks nowadays since most if not all of Bitcoin's value comes from rampant speculation, not from its use as a value transfer vehicle

sam53

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Quote from: IIOII on August 23, 2017, 10:31:34 AM

I never understood the Bitcoin vs. Gold paradigm. In my view, they are both good stores of value in their own right.

The mining process of Bitcoin virtually resembles the process of physical precious metal mining. Monetary inflation rates are predictable for both, Bitcoin and Gold. Both can not be inflated at will. So I see them as (virtual/physical) sisters, not as enemies.

But in my opinion, if have some people want create new supply coin in cryptocurrency world and Bitcoin, they still can do that (Bitcoin Cash), don't like Gold can't create it because Gold is asset nature and very rare.

IIOII

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I never understood the Bitcoin vs. Gold paradigm. In my view, they are both good stores of value in their own right.

The mining process of Bitcoin virtually resembles the process of physical precious metal mining. Monetary inflation rates are predictable for both, Bitcoin and Gold. Both can not be inflated at will. So I see them as (virtual/physical) sisters, not as enemies.

faceoff97

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Bitcoin is incomparable with Gold. They are both serves as wealth but actually not similar. Bitcoin ia virtual while Gold ia physical. Gold is accepted by all od the country unlike bitcoin which is unacceptable to some country. They may seem like reaching same value but this data cant be the basis of who have been defeated. We cannot push either one of them, they can go along side. They are not dependent on each other If you wanna hear that its more wise to invest in bitcoin, i definitely agree on that. Bitcoin is going really well, infact it reaches $4000+ and expected to heat $5000 before the year end.

danim1130

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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.

yep nothing can stop bitcoin now as you can see the bitcoin price as of today is 4000$ + and until now it is increasing and increasing, bitcoin is now in a high rate, and better than gold right now, so as soon as you can, you can buy bitcoin now.

GuppyMan

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Bitcoin defeated gold only in demand, but gold still remains a reliable and good form for saving and multiplying its funds. I think that you need to use bitcoin and gold.

Capradina

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Quote from: Vikingr on August 21, 2017, 06:45:06 PM

Quote from: AK47- on August 20, 2017, 07:32:25 AM

Quote from: grermezter on August 20, 2017, 07:14:12 AM

Quote from: Yaramrd on August 20, 2017, 06:48:50 AM

Quote from: supercanada1 on August 19, 2017, 02:15:29 PM

Quote from: geyayy on August 16, 2017, 09:55:06 AM

I dont think that bitcoin would be able to defeat gold, as for gold is way more precious that bitcoin. Maybe bitcoin is much more expensive now than gold, but gold will never be gone. Let's just not compare these two.

bitcoin is better than gold no doubt the worth and the importance of the bitcoin is much higher than gold bitcoin beat gold back in the 2012 when the price of the bitcoin was about 1300$ and the price of the gold was 500$ so we can see bitcoin has been important and more valuable than gold long ago to invest money.

Yes I agree with you that Bitcoin is better than gold as we see more and more people are investing in Bitcoin than gold.

In terms of current profitability, Bitcoin has defeated Gold in every manner possible. And i doubt that Bitcoin is going to crash so hard that its going to go below the $2000 value. Even when it goes to that value its still valuable than Gold. Bitcoin is currently the most profitable commodity in the entire world.

I would like to know why you doubt that Bitcoin is going to crash this hard that will touch $2000 again?

Comparing gold and Bitcoin on the basis of price is baseless. They both have their own price driving factors. Where Bitcoin price varies largely due to demand and supply and has limited supply, thus, price will grow in future as well, gold vary largely with dollar price, oil prices along with supply and demand and is lot more famous than Bitcoin. These are two different commodities that can't be compared. Both are excellent investment assets and are best to have diversified investment plan.

it look like gold’s ass is protected, well look bitcoin is his own boss, he never got anyone behind his back, it works alone and make many millionaires, you should can’t deny that fact that bitcoin is much more expensive then gold and much stable then gold from now on. Because bitcoin’s price down because of his users, I mean because of buyers.

Basically indeed bitcoin has a better level of excellence than gold. Because the price offered is very high and also the rate of profit is also faster and bigger than gold. But of all the things in bitcoin, surely there are weaknesses and weaknesses is the absence of a guarantee that it will continue to work well for long periods of time. So actually bitcoin is only used for profit and gold is used for long term. All of them have different classes

Bitcoin_Delivery

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So true. I am very sure the bitcoin will have other facts. Formerly the price of bitcoin and gold equivalent. Now it's almost 10x the gold

Vishnu.Reang

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Quote from: krampus854 on August 23, 2017, 06:50:40 AM

yeah bitcoin defeated gold, a year ago and now bitcoin has defeated and double the price of gold in it's own price and keep looking forward to increase the value of bitcoin in the future

One Bitcoin is now worth almost 4 times the value of one oz. of gold. Check this:

One oz. of gold: $1,290
One Bitcoin: $4,240

But IMO, we should be comparing the market cap, as in the former case we were comparing different units (ounce of gold with coin). And the market cap is as follows:

Market cap of gold: $7.5 trillion
Market cap of Bitcoin: $70 billion

Quidat

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Quote from: krampus854 on August 23, 2017, 06:50:40 AM

yeah bitcoin defeated gold, a year ago and now bitcoin has defeated and double the price of gold in it's own price and keep looking forward to increase the value of bitcoin in the future

Bitcoin didn't actually beat up gold since they are on different field but if we do compared their prices we would say that bitcoin do really have the edge since it did surpass golds value but when we do try to see on stability and supply I would say that gold would be the winner here considering that gold is an earth mineral which we would really see the abundance of it price would grow up for long term for both of them depending if bitcoin would still able to cope up with gold speaking of longevity.

krampus854

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yeah bitcoin defeated gold, a year ago and now bitcoin has defeated and double the price of gold in it's own price and keep looking forward to increase the value of bitcoin in the future

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