Bitcoin has defeated gold - page 49.

Indrawan77

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Quote from: laxinternational on August 21, 2017, 04:13:05 PM

Quote from: NoNetwork on August 21, 2017, 04:08:32 PM

Quote from: Afnan_faizah on August 20, 2017, 08:13:54 AM

Not yet, gold still has a lot of devotee, I think bitcoin and gold is good to be the future of money. Sending gold is difficult so Bitcoin can be the representative of gold although there are a limitation of the amount of Bitcoin.

What is this some kind of occult to you. Ofcourse gold will always have people who're interested in it. I mean you if you would think about it, it is widely used in different sorts of things like for instance jewelries its a common material for it.

Because bitcoin is not physical, people have doubts about it. I totally understand your point, but in gold, you don't always have it physical manner, you can buy gold based assets from the stock markets as well. This way, I can't understand why some think bitcoin is untrusted. When an asset is not physical, this doesn't mean it's untrusted.

People doubt bitcoin not because of it got physical or not, but they believe that bitcoin won't survive for too long and afraid it can be banned by the government, while bitcoin is very profitable some people prefer gold to invest because it is more stable and will never being left behind by anyone, for now invest in bitcoin is very profitable and the enthusiasm for bitcoin is far greater than gold

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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.

stolendata

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Quote from: NoNetwork on August 21, 2017, 04:08:32 PM

Quote from: Afnan_faizah on August 20, 2017, 08:13:54 AM

Not yet, gold still has a lot of devotee, I think bitcoin and gold is good to be the future of money. Sending gold is difficult so Bitcoin can be the representative of gold although there are a limitation of the amount of Bitcoin.

What is this some kind of occult to you. Ofcourse gold will always have people who're interested in it. I mean you if you would think about it, it is widely used in different sorts of things like for instance jewelries its a common material for it.

in fact the modern people are giving more preference to bitcoin therefore we can say that bitcoin has defeated gold, as in my area the price of bitcoin exceeded the price of gold too much.

bncbnc

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Quote from: laxinternational on August 21, 2017, 04:13:05 PM

Quote from: NoNetwork on August 21, 2017, 04:08:32 PM

Quote from: Afnan_faizah on August 20, 2017, 08:13:54 AM

Not yet, gold still has a lot of devotee, I think bitcoin and gold is good to be the future of money. Sending gold is difficult so Bitcoin can be the representative of gold although there are a limitation of the amount of Bitcoin.

What is this some kind of occult to you. Ofcourse gold will always have people who're interested in it. I mean you if you would think about it, it is widely used in different sorts of things like for instance jewelries its a common material for it.

Because bitcoin is not physical, people have doubts about it. I totally understand your point, but in gold, you don't always have it physical manner, you can buy gold based assets from the stock markets as well. This way, I can't understand why some think bitcoin is untrusted. When an asset is not physical, this doesn't mean it's untrusted.

that is right so we should not compare the two, in fact bitcoin is a digital currency and it is created to use it for shopping and buying selling like fiat currency while gold is an element and people are using it for investment and saving.

laxinternational

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Quote from: NoNetwork on August 21, 2017, 04:08:32 PM

Quote from: Afnan_faizah on August 20, 2017, 08:13:54 AM

Not yet, gold still has a lot of devotee, I think bitcoin and gold is good to be the future of money. Sending gold is difficult so Bitcoin can be the representative of gold although there are a limitation of the amount of Bitcoin.

What is this some kind of occult to you. Ofcourse gold will always have people who're interested in it. I mean you if you would think about it, it is widely used in different sorts of things like for instance jewelries its a common material for it.

Because bitcoin is not physical, people have doubts about it. I totally understand your point, but in gold, you don't always have it physical manner, you can buy gold based assets from the stock markets as well. This way, I can't understand why some think bitcoin is untrusted. When an asset is not physical, this doesn't mean it's untrusted.

NoNetwork

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Quote from: Afnan_faizah on August 20, 2017, 08:13:54 AM

Not yet, gold still has a lot of devotee, I think bitcoin and gold is good to be the future of money. Sending gold is difficult so Bitcoin can be the representative of gold although there are a limitation of the amount of Bitcoin.

What is this some kind of occult to you. Ofcourse gold will always have people who're interested in it. I mean you if you would think about it, it is widely used in different sorts of things like for instance jewelries its a common material for it.

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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.

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Quote from: ricardobs on August 20, 2017, 04:45:53 PM

Quote from: Hamstead on August 19, 2017, 07:38:50 AM

Quote from: KnightElite on August 19, 2017, 04:52:41 AM

Quote from: arpon11 on August 19, 2017, 04:40:57 AM

As at today I bitcoin is more than 3 time one oz of gold and I think bitcoin has replaced gold as many people that are into gold investment has coverted there investment to bitcoin. Bitcoin is over performing to well and I do believe that in months to come we would see another great level of bitcoin success.

Yeah the bitcoin today is now very powerful and it seems that the bitcoin is continuing to gain more power. The continuing rising up of the price of the bitcoin is the proof that the bitcoin is more strong than the gold.

Bitcoin has defeated gold but not totally, I can say that because bitcoin is different from gold by mean of its used and character. The uprising price of bitcoin soared over gold nowadays, adaptation by the communities have a big factors affecting their prices. Most of the growing countries embraced this bitcoin world and that bring gold into down.

Bitcoins have decreased the worth of gold and have reduced the usage of the gold. Gold is becoming a commodity of past by the invention of bitcoins. Bitcoins are attracting badly the investors of the gold because of their volatile nature which make them capable of reaching high values in short times

I'm curious where you got this idea from

I guess straight from your ass. The reality is opposite to what you might think or imagine since it is obvious that you don't know the folks who are investing in gold. They invest in gold specifically because of its stable value. If they wanted to invest in something more volatile than gold, there had been (and still are) quite a few assets by far more volatile than gold long before Bitcoin came about. In fact, Bitcoin didn't change anything in respect to people investing in gold since they invest in gold not to earn profits via speculation with it but to preserve their wealth via its rock-solid value irrespective of any currency it happens to be priced in

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Quote from: kidoseagle0312 on August 21, 2017, 02:42:27 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.

Bitcoin didn't defeat Gold, it is just only surpass or overtake the price of Gold has. That happened ony because bitcoin volatility is very aggressive to move up side down compare into Gold. They are differ to one another and had their own uniqueness also, so they must not compare they are both good for me.

I wouldn't even say it "surpassed" the price of gold. There is no frame of reference for an ounce of gold vs. one bitcoin. They are completely different assets with different supplies (the supply of gold isn't even concretely known). An ounce of gold has meaning to us, because it's a common measure for it, but it is meaningless in relation to Bitcoin.

I think the comparison is useless; I really wish bitcoiners would stop. Gold has been seen as money and a store of value for thousands of years. Why would that change now? Bitcoin can complement gold; both are decentralized money in my book.

kidoseagle0312

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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.

Bitcoin didn't defeat Gold, it is just only surpass or ovetake the price of Gold has. That happened ony because bitcoin volatility is very aggressive to move up side down compare into Gold. They are differ to one another and had their own uniqueness also, so they must not compare they are both good for me.

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Quote from: TexasHuck on August 21, 2017, 01:56:00 AM

Gold only ever had value because we gave it value. It's only a metal. Now we give BTC value.

I don't think so, because gold is really beautiful metal and really difficult to find it. Bitcoin is the same it is useful technology and really difficult to find it new block of it.

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Gold only ever had value because we gave it value. It's only a metal. Now we give BTC value.

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Quote from: Ilegendph on August 21, 2017, 01:28:59 AM

Quote from: bxipp on August 20, 2017, 10:24:18 PM

bitcoin sure more expensive then gold. but gold more stable then bitcoin as bitcoin can drop anytime if someone as a whales wanna drop it down. but gold has government and bank back their ass back if drop to the bottom.

Thats right. We should not compare bitcoin to gold becuase gold is tangible and bitcoin is not. Another reason is that we cannot create.gold while we can make cryptocurrency anytime thats why we have altcoins other than bitcoin as means of transactions. Maybe the reason why price of bitcoin gets higher than the gold is because it is easier to have bitcoin rather than gold.

Gold is bought by people who have a large capital.
Bitcoin has gained popularity among not very rich people, because thanks to bitcoin it is possible to increase its capital.
I do not think that gold will lose popularity because of bitcoin. Everyone will choose what to invest in

Carlsen

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Bitcoin has a bigger price increase (at least at the moment), gold is more stable.
Bitcoin is easier to move, gold is harder to lose.
Bitcoin can be used for microtransactions, gold is needed by the industry.
Both have their strong sides, it depends on what kind of investor you are which one you prefere.

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Quote from: bxipp on August 20, 2017, 10:24:18 PM

bitcoin sure more expensive then gold. but gold more stable then bitcoin as bitcoin can drop anytime if someone as a whales wanna drop it down. but gold has government and bank back their ass back if drop to the bottom.

Thats right. We should not compare bitcoin to gold becuase gold is tangible and bitcoin is not. Another reason is that we cannot create.gold while we can make cryptocurrency anytime thats why we have altcoins other than bitcoin as means of transactions. Maybe the reason why price of bitcoin gets higher than the gold is because it is easier to have bitcoin rather than gold.

bxipp

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bitcoin sure more expensive then gold. but gold more stable then bitcoin as bitcoin can drop anytime if someone as a whales wanna drop it down. but gold has government and bank back their ass back if drop to the bottom.

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Quote from: aeternus on August 20, 2017, 12:33:22 PM

Quote from: ydrogios on August 15, 2017, 02:44:52 PM

Above ground gold is worth $6T compare that to BTC market cap, and you'll see that it's a hundred times smaller. But even gold is nothing comparing to seeds and drinking water (they are building GMO free seeds depositors not for fun).

Water may become extremely valuable in the future but it has many of the same problems as gold, it is really expensive to store it and at the moment the expense of trying to store so much water cannot be justified at the moment since it is still very cheap.

You can create water out of hydrogen and oxygen. A Toyota Mirai actually creates water while running.

You can't create gold.
There is one way but it's highly dangerous and you won't be able to wear that for a few hundred thousand years at least.

As for storage. You can store a lot of water easy and cheap. A lot!!!!
We have a lake nearby that is used to prevent flooding that is 72 km in area and can be filled up to 15 meters below it reaches the normal level of the river.
That's about 1 billion cubic meters of water or enough for minimal usage for Europe for a month.
And only in my country there are a lot of them.

ricardobs

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Quote from: Hamstead on August 19, 2017, 07:38:50 AM

Quote from: KnightElite on August 19, 2017, 04:52:41 AM

Quote from: arpon11 on August 19, 2017, 04:40:57 AM

As at today I bitcoin is more than 3 time one oz of gold and I think bitcoin has replaced gold as many people that are into gold investment has coverted there investment to bitcoin. Bitcoin is over performing to well and I do believe that in months to come we would see another great level of bitcoin success.

Yeah the bitcoin today is now very powerful and it seems that the bitcoin is continuing to gain more power. The continuing rising up of the price of the bitcoin is the proof that the bitcoin is more strong than the gold.

Bitcoin has defeated gold but not totally, I can say that because bitcoin is different from gold by mean of its used and character. The uprising price of bitcoin soared over gold nowadays, adaptation by the communities have a big factors affecting their prices. Most of the growing countries embraced this bitcoin world and that bring gold into down.

Bitcoins have decreased the worth of gold and have reduced the usage of the gold. Gold is becoming a commodity of past by the invention of bitcoins. Bitcoins are attracting badly the investors of the gold because of their volatile nature which make them capable of reaching high values in short times.

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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.

exactly
It was a mistake to sell the organizers and hear the rumors of August 1st. So they were afraid that BItcoin would disappear, they would sell out all the Bitcoin they had for now, they lost so badly. Sorry about the BTC number sold. That was a wrong decision.

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Bitcoin's gains followed an uneventful split last week into bitcoin and bitcoin cash, an upgrade proposal supported by a minority of developers. Many digital currency enthusiasts believe bitcoin will one day become "digital gold" amid the rise of other cryptocurrencies. The supply of bitcoin is limited to 21 million and gold is limited too but not like bitcoin.

Topic: Bitcoin has defeated gold - page 49. (Read 28633 times)