Bitcoin has defeated gold - page 56.

Luno

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Quote from: VanDeinsberg12 on March 16, 2017, 06:53:13 AM

Quote from: gandame on March 14, 2017, 09:32:03 AM

In price yes bitcoin defeated gold but in value and for a long term investment i think gold can not defeated bitcoin. The price of bitcoin is so high but i know that if i choose where i invest my money in a long term i will invest it in gold to secured my future.

It's not defeat the price of gold. Gold is the stable investment everytime. Do you remember how much will you pay for a kilo of gold in this time? Both are having the different purpose. The gold had the stable price since previous centuries. and i think both is different stuff.

Yes both are different stuff, Gold has the consistency but if you talk about the profit wise then the btc will be the best option. hardly we can say that btc price will fall down, however there is no guarantee of anything in this world, it is up to there personal choice to know what they should invest.if you want to play very safe then gold will be the option you can choose however nevertheless btc has been consistently progressing well. bit coin is best for the future investment.

Kimi80

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Quote from: gabbie2010 on March 16, 2017, 03:08:26 PM

Gold is a precious metal while Bitcoin is a virtual currency there is noticeable differences bet the two as for Bitcoin the ability to trade it online makes it quite easier unlike Gold.

The point is not in difference between them, its just competition what will worth more, people like expensive thing. This topic sounds like some morality boost for people that have connections with bitcoins, and nothing more. Nice thing is that bitcoin worth more then gold, bitcoin is used more then gold and deserve to cost more.

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SOL.BIOKRIPT.COM

Gold is a precious metal while Bitcoin is a virtual currency there is noticeable differences bet the two as for Bitcoin the ability to trade it online makes it quite easier unlike Gold.

VanDeinsberg12

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Quote from: gandame on March 14, 2017, 09:32:03 AM

In price yes bitcoin defeated gold but in value and for a long term investment i think gold can not defeated bitcoin. The price of bitcoin is so high but i know that if i choose where i invest my money in a long term i will invest it in gold to secured my future.

It's not defeat the price of gold. Gold is the stable investment everytime. Do you remember how much will you pay for a kilo of gold in this time? Both are having the different purpose. The gold had the stable price since previous centuries. and i think both is different stuff.

20kevin20

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Quote from: Vivace92 on March 16, 2017, 06:07:20 AM

Quote from: simpler2016 on March 15, 2017, 02:58:19 PM

Quote from: Gameroid on March 15, 2017, 02:49:40 PM

Quote from: gandame on March 14, 2017, 09:32:03 AM

In price yes bitcoin defeated gold but in value and for a long term investment i think gold can not defeated bitcoin. The price of bitcoin is so high but i know that if i choose where i invest my money in a long term i will invest it in gold to secured my future.

yes that is a fact that bitcoin has already defeated gold. as gold has little fluctuation and there is always a negligible change in the price of gold while bitcoin has a huge fluctuation in its price and we can make good profit if we invest money in bitcoin.

Yes, we get a good profit, but we do not need to say that bitcoin will replace gold. These are different investment objects and they do not need to be compared.

The intent was to replace for profitable, is it true that bitcoin defeated gold in profitable, but I don't agree if bitcoin beat gold for investment. Gold is legal investment that accepted all peoples in the world, and marketcap is very huge and first option investment by all countries.

Bitcoin isn't listed as an illegal investment in my country, so I don't have what to fear. The only fear I can have is the one that they might turn it into an illegal one sooner or later. But until then, I can use it without restrictions. Gold will always be the best investment honestly, because it can be used as a currency in any possible scenario. Bitcoin still has some cons. Just the fact that it is now valued more than gold is doesn't necessarily make it better. For traders, it is. But not for the preppers, for example.

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Quote from: simpler2016 on March 15, 2017, 02:58:19 PM

Quote from: Gameroid on March 15, 2017, 02:49:40 PM

Quote from: gandame on March 14, 2017, 09:32:03 AM

In price yes bitcoin defeated gold but in value and for a long term investment i think gold can not defeated bitcoin. The price of bitcoin is so high but i know that if i choose where i invest my money in a long term i will invest it in gold to secured my future.

yes that is a fact that bitcoin has already defeated gold. as gold has little fluctuation and there is always a negligible change in the price of gold while bitcoin has a huge fluctuation in its price and we can make good profit if we invest money in bitcoin.

Yes, we get a good profit, but we do not need to say that bitcoin will replace gold. These are different investment objects and they do not need to be compared.

The intent was to replace for profitable, is it true that bitcoin defeated gold in profitable, but I don't agree if bitcoin beat gold for investment. Gold is legal investment that accepted all peoples in the world, and marketcap is very huge and first option investment by all countries.

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Quote from: simpler2016 on March 15, 2017, 02:58:19 PM

Quote from: Gameroid on March 15, 2017, 02:49:40 PM

Quote from: gandame on March 14, 2017, 09:32:03 AM

In price yes bitcoin defeated gold but in value and for a long term investment i think gold can not defeated bitcoin. The price of bitcoin is so high but i know that if i choose where i invest my money in a long term i will invest it in gold to secured my future.

yes that is a fact that bitcoin has already defeated gold. as gold has little fluctuation and there is always a negligible change in the price of gold while bitcoin has a huge fluctuation in its price and we can make good profit if we invest money in bitcoin.

Yes, we get a good profit, but we do not need to say that bitcoin will replace gold. These are different investment objects and they do not need to be compared.

You should correct the word of Replace, Bitcoin not replace the gold. but we could compared the bitcoin to gold. Because now people use the gold for make money, and when bitcoin introduce the crypto currency in this world, than people attract to bitcoin and start to buy it, because everyone could buy or earn the bitcoin instead of gold, and suddenly bitcoin defeated the gold price, that's why it is a good and big chance to make money from bitcoin instead of gold.

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Quote from: v1ryspro on March 11, 2017, 11:31:35 AM

Quote from: Wa(t)ch_night() on March 11, 2017, 09:04:19 AM

Bitcoin is a functionally improved form of gold. Choosing the bitcoin investment, you have a guarantee that your savings will not be lost because of the devaluation, you can be sure that the state will not be able to access your account in any way.

It can be functionally bitcoin and more convenient than gold. But bitcoin has its flaws about which you need to remember. This is a cryptocurrency and it is subject to sharp price fluctuations

That is true, I also agree that Bitcoin is far more dangerous as an investment than gold. You an buy Bitcoin today and there is a possibility that it will crash tomorrow if the developer won't deliver the fixed or patch to the current issue. Unlike gold that it is what it is, Bitcoin is more complicated form of asset that rely on its developers works, and need to be always updated and well secured against several exploits from its code.

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Quote from: Gameroid on March 15, 2017, 02:49:40 PM

Quote from: gandame on March 14, 2017, 09:32:03 AM

In price yes bitcoin defeated gold but in value and for a long term investment i think gold can not defeated bitcoin. The price of bitcoin is so high but i know that if i choose where i invest my money in a long term i will invest it in gold to secured my future.

yes that is a fact that bitcoin has already defeated gold. as gold has little fluctuation and there is always a negligible change in the price of gold while bitcoin has a huge fluctuation in its price and we can make good profit if we invest money in bitcoin.

What do you mean in words "bitcoin defeated gold"? Do you have some experience in economics? Remind history, gold was the main way of payment everywhere on the earth, this continues today. There are gold packs in banks behind "paper" money to make it pricey. Well, imagine no electricity for some minute, if you say bitcoin defeated gold, than how would you describe that some minute of no electricity? Your bitcoin is gone, you can't use it without electricity. And what's behind bitcoin? Can you answer me on this question?

simpler2016

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Quote from: Gameroid on March 15, 2017, 02:49:40 PM

Quote from: gandame on March 14, 2017, 09:32:03 AM

In price yes bitcoin defeated gold but in value and for a long term investment i think gold can not defeated bitcoin. The price of bitcoin is so high but i know that if i choose where i invest my money in a long term i will invest it in gold to secured my future.

yes that is a fact that bitcoin has already defeated gold. as gold has little fluctuation and there is always a negligible change in the price of gold while bitcoin has a huge fluctuation in its price and we can make good profit if we invest money in bitcoin.

Yes, we get a good profit, but we do not need to say that bitcoin will replace gold. These are different investment objects and they do not need to be compared.

Gameroid

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Quote from: gandame on March 14, 2017, 09:32:03 AM

In price yes bitcoin defeated gold but in value and for a long term investment i think gold can not defeated bitcoin. The price of bitcoin is so high but i know that if i choose where i invest my money in a long term i will invest it in gold to secured my future.

yes that is a fact that bitcoin has already defeated gold. as gold has little fluctuation and there is always a negligible change in the price of gold while bitcoin has a huge fluctuation in its price and we can make good profit if we invest money in bitcoin.

markyminer

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Quote from: RedX on March 14, 2017, 03:51:25 AM

Quote from: bravehearth0319 on March 13, 2017, 10:28:16 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 the bitcoin enthusiast of course we are proud that our bitcoin overtake and surpassed the value of Gold, But to make it clear something in the question above bitcoin was designed not to destroy or defeating something in the business. Bitcoin it maybe a competitors to any business but in truth bitcoin can be adopt into all business in the whole world. Meaning, bitcoin didn't defeat gold it is still exist its only a matter of value price between Bitcoin and Gold.

I'm just amazed that this digital currency surpassing gold and also our fiat money. The demands on bitcoin is massive than gold. I agree that there is no competition between the two. They are both different in many ways.

to me i think there is no competition between bitcoin and Gold. because bitcoin is a currency while Gold is not a currency. bitcoin can be use for both purposes as for investment as well as for online and off line payment purpose also.

gandame

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In price yes bitcoin defeated gold but in value and for a long term investment i think gold can not defeated bitcoin. The price of bitcoin is so high but i know that if i choose where i invest my money in a long term i will invest it in gold to secured my future.

kidoseagle0312

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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.

Bitcoin was meet only the price of gold, and it doesn't that bitcoin overcome it, it means Gold is not existing or gold may gonna die or its end of gold. No! its not like that because in terms of stability Gold was still stable, and we cannot say where does the stability of bitcoin goes? though I know bitcoin will go through higher. Cheesy

mastermold

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Yeah..!! Bitcoin Is Becoming The New Gold 2017!!

While gold will always be the first choice of safety net for a purist, the millennial's believe bitcoin to be the new gold or the digital gold.

Now a days, And seems it is truly a digital age, as proved by recent bitcoin high over gold !!The world is increasingly turning to bitcoin as a safe haven..

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Quote from: Xester on March 14, 2017, 07:14:53 AM

Quote from: Sithara007 on March 14, 2017, 07:08:47 AM

Quote from: TeaPanda on March 09, 2017, 05:49:19 PM

Saying that BTC defeated Gold. Is like saying a Honda Prius is faster than a Ferrari California because the Prius is red and the California grey, since red is a fast colour

We are at last a 100 years away from defeating gold. And to be honest, I don't believe that Bitcoin is going to survive for another 100 years. It is going to get replaced by some other form of crypto-currency. But if BTC defeats gold after 100 years, it is going to be a huge achievement, as gold has been used as a form of wealth for more than 5,000 years now.

I have read some reviews that the maximum lifespan of bitcoin is 160 years and after how many years of existence the remaining years would be around 150+ years. Bitcoin will overcome the price of gold per kilogram in 5 to 10 years time and a one hundred year prediction is too much. We are talking of the price of 1 bitcoin versus the price of 1 kilo of 24 karat gold and not of market capitalization. But even if we talk about market capitalization bitcoin will still climb up to overcome gold overall market capitalization.

Are you talking about Bitcoin mining? Bitcoin mining will end in the year 2140. But that is not related to the usage of Bitcoins. We can't predict the future. There is a strong chance that Bitcoins will become obsolete in the near future, as a result of some of its drawbacks (such as the 51% rule and block size restriction).

Xester

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Quote from: Sithara007 on March 14, 2017, 07:08:47 AM

Quote from: TeaPanda on March 09, 2017, 05:49:19 PM

Saying that BTC defeated Gold. Is like saying a Honda Prius is faster than a Ferrari California because the Prius is red and the California grey, since red is a fast colour

We are at last a 100 years away from defeating gold. And to be honest, I don't believe that Bitcoin is going to survive for another 100 years. It is going to get replaced by some other form of crypto-currency. But if BTC defeats gold after 100 years, it is going to be a huge achievement, as gold has been used as a form of wealth for more than 5,000 years now.

I have read some reviews that the maximum lifespan of bitcoin is 160 years and after how many years of existence the remaining years would be around 150+ years. Bitcoin will overcome the price of gold per kilogram in 5 to 10 years time and a one hundred year prediction is too much. We are talking of the price of 1 bitcoin versus the price of 1 kilo of 24 karat gold and not of market capitalization. But even if we talk about market capitalization bitcoin will still climb up to overcome gold overall market capitalization.

Sithara007

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Quote from: TeaPanda on March 09, 2017, 05:49:19 PM

Saying that BTC defeated Gold. Is like saying a Honda Prius is faster than a Ferrari California because the Prius is red and the California grey, since red is a fast colour

We are at last a 100 years away from defeating gold. And to be honest, I don't believe that Bitcoin is going to survive for another 100 years. It is going to get replaced by some other form of crypto-currency. But if BTC defeats gold after 100 years, it is going to be a huge achievement, as gold has been used as a form of wealth for more than 5,000 years now.

asriloni

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Quote from: bravehearth0319 on March 13, 2017, 10:28:16 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 the bitcoin enthusiast of course we are proud that our bitcoin overtake and surpassed the value of Gold, But to make it clear something in the question above bitcoin was designed not to destroy or defeating something in the business. Bitcoin it maybe a competitors to any business but in truth bitcoin can be adopt into all business in the whole world. Meaning, bitcoin didn't defeat gold it is still exist its only a matter of value price between Bitcoin and Gold.

Bitcoin as a digital currency and the gold as a commodity, I think we should see the different of both thing. And the bitcoin is good for the digital ecosystem but to adopt by a lot of the business is really difficult for the bitcoin.

aloneout

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Quote from: t2yax on March 10, 2017, 11:59:37 PM

Just like other saying, but for me, nothing will believe that bitcoin can defeat gold. Gold is a gold, nothing can defeat gold. Bitcoin value can defeat gold, but the gold value will still remain on its value, and cannot be changed. Gold value is stable, bitcoin cannot defeat gold because we cannot predict what will be the cost in the future and what will be the value of it ? We cannot say but it can be, we will just wait for what will happen on bitcoin value and gold value.

Smart thinking. Indeed gold and bitcoin has many advantages and disadvantages, so if we compare then nothing will prevail, because it is gold and has its own place bitcoin. Gold can last up to tens of years (it's been proven), whereas bitcoin is not necessarily (because not yet proven). So did I use bitcoin and also gold as where you need it.Bitcoin and gold also has its own advantages, depending on how you do it. Because it was many people also benefit in the gold and also the bitcoin

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