Topic: Bitcoin has defeated gold - page 57. (Read 28617 times)

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.

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.

There is no doubt that gold is without a doubt very relevant coin, however the news of bitcoin surpassing gold in price is important too because it breaks a barrier and everyone suddenly realize, hey this is not impossible bitcoin can keep growing.

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

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.

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.

This, we are a small fish so the only thing we can do is to play the game as well, so even if you don’t believe in the technology behind bitcoin then take advantage of it and use it to earn a little bit of money and then get out of bitcoin for good.

Yes, bitcoin is becoming more popular every day. I am confident that this trend will continue in the future. But I do not quite understand why bitcoin is opposed to gold. These are different assets and each investor decides where he should invest

as i expected bitcoin already surpass the price of gold but still gold is gold and bitcoin is just a crypto currency at all. and everyone wants a lot of gold because gold is very important minerals that found in earth and since the ancient times they're using gold as a currency thats why gold will be gold no matter what and gold always raising it price every year not like bitcoin which is not stable as the price of gold.

Please excuse me, but I don't agreed that bitcoin defeated gold, Gold is ancient and bitcoin was not. Though I'm a bitcoin lover, I cannot say bitcoin defeat it, It maybe bitcoin meet and surpassed the price of gold but it doesn't mean gold has no influence or any power.

You must read this article and the average volume is holding by the bank.
https://www.forbes.com/sites/timtreadgold/2016/04/01/central-banks-follow-warren-buffetts-advice-when-it-comes-to-gold-buying-when-others-are-fearful/#2f7b76e27c4c
The bank have a big role in the gold market. It's not the government or big institution but it's about the bank.

Why are you so nervous man?! I agree with you on many things you said, government is protecting itself and they don't care about victims as long as they fulfilling their goals. This world is far from democracy, rich people rule the world from the shadow and they manipulate with anyone and everything. I know why are you nervous, but instead you can try to earn from this, because people will never change, system is pushing all of us, and if you dont find your way you will be left on a side crying.

actually the governments are not supporting bitcoin, and only the mass adoption is the only way of increasing the price of bitcoin. it is influencing by the people. if people are accepting bitcoin then its price goes up but if they are not giving any interest then its price will fell down. but actually the price of bitcoin is increasing continuously because people are accepting bitcoin continuously. 

Gold in holding by many governments and big institutions so its prices are very stable and it moves quite slow in both directions. But bitcoin market cap is very less compared to gold, but it may be same or more than gold price even though many people give more value to gold than bitcoin. But for investment purpose, I choose both of them to take advantage of both markets.

All of you idiot are too stupid

So what noobie account your brains are noobiee

You know how many time to the goverment takes all of the gold?

In united states many chinese people send gold back to mainland from san francisco when 1930 gold ban happened for 40 year and federal rserve did biggest #1 scam

Bitcoin they can ban tomorrow any time idiots.

Why they not ban? Because bitcoin market cap very smmall. $20 Billion is like big tech company that is all. If it go $100 Billion then maybe it can affect the stable of forex currency

US government kill anything that try to destable dollar

Only thing they cannot touch is china but if us debt down we are also down

China will also ban whenever they want there is no chance that cash monies can be replaced every in history

If country will go to war to kill million of people for just some land or terrorist fake attack then what you think they will do if their currency is threaten?

If bitcoin become so big that currency of small contry is affect they wll ban it one by one. In next few year this is what happen I will think because already so many currency is at the worst price in life

All of you idiot will then see you think world is democrazy

Bitcoin is complete ccentralization idiots. The miner control network, to mine you must invest million of dollar. Only those with the monies to invest million of dollar can mine, normal person cannot mine

This is just like real world, distribution of resource go to the rich

Find me some coin that will mine with satellite and solar power with no human miner and do airdrop to each human based on unique dna genome i will then be #1 supporter and quit my job and life for that coin until then you idiot shut up.

 bitcoin best bitcoin best!!

Go learn to trade some currency or stock and you will realize any small value stock can do same kind of pump like bitcoin (200 - 1000)

An ounce of gold is what you are referring to, but when we talk about market cap, bitcoin pales in comparison to how much gold's value is. Gold has its period of volatility as well, although not as pronounced as that of bitcoin's. Both are very good forms of investments, and would continue to hold value for as long as there's demand for them.

You don't need to believe anything

When you could just use this volatility to your advantage. Just sell a little there and buy a little here when the price moves enough to and fro (say, 5 percent). When it moves another 5 percent buy (or sell) the same amount (in dollar terms). In this way, you won't suffer dramatic losses (and neither dry your reserves dry), and at the same time you will be able to earn some interest on coins over time (not much but still better than noting). As to me, this approach seems to be a lot better in the long term than just selling the best part of your stash at a certain price or just keeping your coins indefinitely without doing anything

Gold ownership was banned in the united states for a long time, so you are mistaken that can happen, however enforcing that is another story, if the government has problem enforcing a ban in something that is physical enforcing a ban on bitcoin is ridiculous difficult.

The price of Bitcoin have exceeded the price of gold for the first time. However, this comparison is completely unpredictable. Bitcoin doesn't have a stable value. It is very volatile unlike gold. Gold's value is kinda bit more stable and I think gold remains the only true global money with a size and volatility compared to other money. Bitcoin’s volatility declines for a short period and can even approach the volatilities of gold and currency.

I already do not believe anything. I do not want to look at fluctuations in the price of Bitcoin, because it is only the influence of large whales and the manipulation in the market have been and will be conducted with the purpose of earning on the difference. But only faith in the future bitcoin keeps cool.