Bitcoin has defeated gold - page 51.

drachman

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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.

If you were to look at the market cap of both you will realize that gold has not been defeated in fact bitcoin is not even close to defeat gold, bitcoin will probably need a lot of time to even get a good portion of the market cap of gold.

Hamstead

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Quote from: KnightElite on August 19, 2017, 05:52:41 AM

Quote from: arpon11 on August 19, 2017, 05:40:57 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.

NoNetwork

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Quote from: magmar on August 19, 2017, 05:19:04 AM

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.

Yes I am also amazed how bitcoin value rises that huge after that drops. For this matter of time, I can assumed that bitcoins are more valuable than gold and a great investment than gold. But we all know that gold is part of the history and it is a natural wonders it came from our planet while bitcoins are just made by man. Truely man inventions are pretty good that can even surpass what nature can provide.

That is indeed a very good overview in about Bitcoin and Gold. It it indeed that Bitcoin's value is now more valuable than gold and not only that also its availability is not that hard since you can earn Bitcoin in many different ways of some sorts. Whilst Gold is so hard, not that you need to find good location for it but also you need good buyers for it.

KnightElite

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Quote from: arpon11 on August 19, 2017, 05:40:57 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.

arpon11

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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.

magmar

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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.

Yes I am also amazed how bitcoin value rises that huge after that drops. For this matter of time, I can assumed that bitcoins are more valuable than gold and a great investment than gold. But we all know that gold is part of the history and it is a natural wonders it came from our planet while bitcoins are just made by man. Truely man inventions are pretty good that can even surpass what nature can provide.

exstasie

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Quote from: alyssa85 on August 18, 2017, 09:56:31 AM

The investment banks are still pushing the idea that gold is better than bitcoin. Here is Morgan Stanley on the subject today:

http://www.theaustralian.com.au/business/technology/bitcoin-cant-match-gold-as-inflation-hedge-morgan-stanley/news-story/093e5285dc12455f55a89253fa1fd0ea

Quote

“Some claim that the protocol limiting bitcoin’s supply growth rate, underpins its value,” says Morgan Stanley equity strategist Tom Price.

“But if bitcoin is successful long term, we should continue to see competitor cryptocurrencies and market strategies emerge to exploit the new economic rent — a bearish risk for bitcoin’s price.”

Their main argument is that alts will take a chunk of the money, which will limit bitcoin's rise.

Based on what happened during the March-June rally, where the gains of ETH and ICO tokens eclipsed those of BTC, that's a pretty reasonable take. I remember when I got into Bitcoin years ago, I first bought LTC because I thought I had already missed the train with BTC. There's definitely a common investor psychology at play that can and is being exploited. People will continue to buy into new and even more speculative altcoins and tokens.

But I also think there might just be so much money coming into crypto, that Bitcoin will still be bullish as hell.

Betwrong

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Quote from: guoyu78 on August 19, 2017, 03:51:53 AM

Quote from: Betwrong on August 17, 2017, 09:44:21 AM

Quote from: supine on August 16, 2017, 03:44:30 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.

I totally agree with these, but the only thing that makes gold better than BTC is that gold's price is not volatile, it's a sure investment. On the other hand, bitcoin's volatility makes it good for short-term investments and even for long term investments. A lot of people are investing more in bitcoin than gold.

Some people are, but most of them unfortunately are not. Even with today's high price for Bitcoin the Market Cap for BTC is around 74 Billion USD, and for gold it is around $7 trillion. This is like 100 times more. I do think that the situation will change in favor of Bitcoin in the future, but for now much more people prefer to invest in gold.

Where are you living dude? People are preferring bitcoins over gold now. They are treating gold as the older means of investments. Bitcoins volatile nature is giving opportunity of becoming rich in short time which gold badly lacks. You can’t be millionaire with gold in few months but that is possible with bitcoins.

I'm living on Earth and I provided numbers in support of what I say. No matter how good we think Bitcoin is, people around the globe still prefer gold as investment. I'm not saying they are right in doing so, but that's a fact we can't ignore.

Lumada

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Quote from: guoyu78 on August 19, 2017, 03:51:53 AM

Quote from: Betwrong on August 17, 2017, 09:44:21 AM

Quote from: supine on August 16, 2017, 03:44:30 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.

I totally agree with these, but the only thing that makes gold better than BTC is that gold's price is not volatile, it's a sure investment. On the other hand, bitcoin's volatility makes it good for short-term investments and even for long term investments. A lot of people are investing more in bitcoin than gold.

Some people are, but most of them unfortunately are not. Even with today's high price for Bitcoin the Market Cap for BTC is around 74 Billion USD, and for gold it is around $7 trillion. This is like 100 times more. I do think that the situation will change in favor of Bitcoin in the future, but for now much more people prefer to invest in gold.

Where are you living dude? People are preferring bitcoins over gold now. They are treating gold as the older means of investments. Bitcoins volatile nature is giving opportunity of becoming rich in short time which gold badly lacks. You can’t be millionaire with gold in few months but that is possible with bitcoins.

Suct thing is possible in btc, why leave when we know that dau by btc increases its value . Many trusted it more after split. Though gold is indeed a good long term investment, why not have them both.

guoyu78

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Quote from: Betwrong on August 17, 2017, 09:44:21 AM

Quote from: supine on August 16, 2017, 03:44:30 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.

I totally agree with these, but the only thing that makes gold better than BTC is that gold's price is not volatile, it's a sure investment. On the other hand, bitcoin's volatility makes it good for short-term investments and even for long term investments. A lot of people are investing more in bitcoin than gold.

Some people are, but most of them unfortunately are not. Even with today's high price for Bitcoin the Market Cap for BTC is around 74 Billion USD, and for gold it is around $7 trillion. This is like 100 times more. I do think that the situation will change in favor of Bitcoin in the future, but for now much more people prefer to invest in gold.

Where are you living dude? People are preferring bitcoins over gold now. They are treating gold as the older means of investments. Bitcoins volatile nature is giving opportunity of becoming rich in short time which gold badly lacks. You can’t be millionaire with gold in few months but that is possible with bitcoins.

stompix

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Quote from: Rinder on August 18, 2017, 07:26:25 AM

Bitcoin can be used for same purpose as gold, but its potencial its bigger then gold, lets see till when gold will have its power and influence because its used for countries since several years ago to handle financial problems, wars. Bitcoin were always better then gold, and time is just showing to all its beneficts and power against fiat, decentralization is needed and good for all.

You can't make jewelry out of bitcoin.
You can't make computer/phone parts out of bitcoin.
You can't eat bitcoins in fancy restaurants.
You can't have your statue made out of bitcoins once you become a dictator.

Unlike BTC who is fulfilling the roles of currency and investment gold has a lot of purposes.

Also comparing an ounce of gold to the price of BTC is stupid.
What the hell is an ounce? Let's compare 1kg of gold with BTC.Or let's compare one gram with a satoshi.
Or even better stop comparing altogether.

Palmerson

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It seems to me that gold is still the medium for investment due to its primitiveness. It's just a piece of rare metal and no technology. It will have value under any circumstances. But it's only for safe keeping of their savings. For earnings this metal is of no value. Bitcoin is much better.

ankylotic

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Quote from: supine on August 16, 2017, 03:44:30 PM

Quote from: soul-impact on March 02, 2017, 12:13:27 PM

: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, is truly worth and everyone who has sold their has made a huge mistake. Nothing can stop right now.

I totally agree with these, but the only thing that makes gold better than BTC is that gold's price is not volatile, it's a sure investment. On the other hand, 's volatility makes it good for short-term investments and even for long term investments. A lot of people are investing more in than gold.

i always read that post in trading thread or in discussion that has beaten gold or damm question like " which is better or gold".
i think they are totally rubbish. if you ask that type of question 4 year back or 3 year back then i think yes they make some sense but i think right now i don't even think that anyone has right to ask such type of rubbish questions.
the way is increasing its price and the way more or more people coming towards it. i don't even think that it has any comparision with gold or any other crypto currency right now.

alyssa85

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The investment banks are still pushing the idea that gold is better than bitcoin. Here is Morgan Stanley on the subject today:

http://www.theaustralian.com.au/business/technology/bitcoin-cant-match-gold-as-inflation-hedge-morgan-stanley/news-story/093e5285dc12455f55a89253fa1fd0ea

Quote

“Some claim that the protocol limiting bitcoin’s supply growth rate, underpins its value,” says Morgan Stanley equity strategist Tom Price.

“But if bitcoin is successful long term, we should continue to see competitor cryptocurrencies and market strategies emerge to exploit the new economic rent — a bearish risk for bitcoin’s price.”

Their main argument is that alts will take a chunk of the money, which will limit bitcoin's rise.

kuryadi

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I still do not believe if bitcoin beat gold. I think it's just an issue .. but after I see the price of bitcoin soar high. Today's bitcoin prices are already beating bitcoins. I started to believe when I bought bitcoin and tried to save it .. I assume the benefits that I get will not be great. But it's wrong .. the longer the bitcoin price gets higher and makes me get the yellow doubled .. whereas I already have gold .. but the profit is not as big as bitcoin ..

Rinder

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Bitcoin can be used for same purpose as gold, but its potencial its bigger then gold, lets see till when gold will have its power and influence because its used for countries since several years ago to handle financial problems, wars. Bitcoin were always better then gold, and time is just showing to all its beneficts and power against fiat, decentralization is needed and good for all.

bitgolden

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Quote from: Reid on August 16, 2017, 04:26:56 AM

Defeated is a wrong word for it.
It is just natural that bitcoin can come with this large price because of the number of it that is available.
Keep in mind that we also know what number it will end, unlike gold which is unknown.
Many places are still not discovered and there could be one that have lots of gold in it. That is why its price just stayed there.

Yes, there are many places yet undiscovered where metals like gold are hidden. Gold has served us for centuries and because it is in large quantity as you said, its price is very much stable. On the other hand, bitcoins are very much volatile and are increasing in value day by day because their market demand is increasing and people want to garb as many as they good because they know very well that bitcoins are limited.

saenko

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Bitcoin has defeated gold only in demand, but gold still remains a more common and more reliable investment that in the event of a global catastrophe will not lose value.

Yassarsian

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Quote from: Betwrong on August 17, 2017, 09:44:21 AM

Quote from: supine on August 16, 2017, 03:44:30 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.

I totally agree with these, but the only thing that makes gold better than BTC is that gold's price is not volatile, it's a sure investment. On the other hand, bitcoin's volatility makes it good for short-term investments and even for long term investments. A lot of people are investing more in bitcoin than gold.

Some people are, but most of them unfortunately are not. Even with today's high price for Bitcoin the Market Cap for BTC is around 74 Billion USD, and for gold it is around $7 trillion. This is like 100 times more. I do think that the situation will change in favor of Bitcoin in the future, but for now much more people prefer to invest in gold.

Bitcoin price is fast approaching to the highest level gold and bitcoin is a different investment bitcoin volatility makes more money rather than gold that has fix price and slowly turning high as the time goes by. As they say that bitcoin is the new gold but if you would think wisely gold is the most stable form of investment rather than virtual coin. Just sayin but now im on bitcoin which more easy to get profit rather than gold.

Betwrong

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Quote from: supine on August 16, 2017, 03:44:30 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.

I totally agree with these, but the only thing that makes gold better than BTC is that gold's price is not volatile, it's a sure investment. On the other hand, bitcoin's volatility makes it good for short-term investments and even for long term investments. A lot of people are investing more in bitcoin than gold.

Some people are, but most of them unfortunately are not. Even with today's high price for Bitcoin the Market Cap for BTC is around 74 Billion USD, and for gold it is around $7 trillion. This is like 100 times more. I do think that the situation will change in favor of Bitcoin in the future, but for now much more people prefer to invest in gold.

Topic: Bitcoin has defeated gold - page 51. (Read 28600 times)