Bitcoin has defeated gold - page 58.

TeaPanda

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Quote from: mindrust on March 02, 2017, 04:09:18 PM

Defeated?

You are comparing apples to oranges.

Comparing 1 bitcoin's price to an ounce of gold's price absolutely makes no sense at all. If you want to make some sense, compare their market cap's.

Luckily for you, zerohedge already did that.

Can you see the tiny %0.1?

%49 vs %0.1

Who defeated who? Wake up.

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

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Quote from: Zadicar on March 09, 2017, 09:50:23 AM

Quote from: chungfungfuckyou on March 09, 2017, 08:17:56 AM

Quote from: Noctis Connor on March 09, 2017, 07:51:12 AM

i dont think that bitcoin surpass or defeated gold maybe now bitcoin already defeated gold but remember that bitcoin price is not that stable it goes up and down and it depends on the bigwhales who has been a part of bitcoin community so lets expect that bitcoin will drop sooner or later then it will raise again . so exchange your bitcoin and cash it out while bitcoin are on high price right now so you can buy again bitcoin when it price drop.

shut up idiot, bitcoin is going up not because of whale. There are many big whale in bitcoin but not 1 whale has control on whole market and not all of the whale work together

Sometime some whale lose big money

Biggest miner pool are fight against each other and each one is like its own whale

When cypras economy collapse bitcoin go up first time go read history book

Now its bad for some country and they buy the bitcoin, you see renimbi how low it go this is why all buy bitcoin

If renimbi go up very high then no one buy bitcoin

Quiet surprised that a newbie scolded a higher rank member haha. You do have a point though since not only 1 whale could able to manipulate or affect too much on bitcoins price when theres a sudden dump but depends if all whales would decide but its impossible thing to happen as i do believe bitcoin now is already circulated among the community who uses it which means dumps would unlikely to happen.Back to topic even though bitcoin surpassed or reach out the gold value it doesnt mean it already been defeated

Gold is indestructible

Bitcoin is indestructible too, but it is not any more indestructible than any other digital thing (so gold is better in this regard since other material things are quite susceptible to "wear and tear" over time). Regarding whales and market manipulation, whales come in all sizes and colors. I don't think that the effect of Satoshi moving his 1M bitcoins could be completely discarded or it would be negligible overall. But it is not only sheer size that matters here. It is also time which is of crucial importance. For example, it doesn't make much sense to go against the market (i.e. try to oppose the market sentiment once it fully exhibits itself). On the other hand, when the market is at a bifurcation or tipping point, even minor influence can have greater consequences. In other words, it all depends

Prohodimec

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Quote from: Zadicar on March 09, 2017, 09:50:23 AM

Quote from: chungfungfuckyou on March 09, 2017, 08:17:56 AM

Quote from: Noctis Connor on March 09, 2017, 07:51:12 AM

i dont think that bitcoin surpass or defeated gold maybe now bitcoin already defeated gold but remember that bitcoin price is not that stable it goes up and down and it depends on the bigwhales who has been a part of bitcoin community so lets expect that bitcoin will drop sooner or later then it will raise again . so exchange your bitcoin and cash it out while bitcoin are on high price right now so you can buy again bitcoin when it price drop.

shut up idiot, bitcoin is going up not because of whale. There are many big whale in bitcoin but not 1 whale has control on whole market and not all of the whale work together

Sometime some whale lose big money

Biggest miner pool are fight against each other and each one is like its own whale

When cypras economy collapse bitcoin go up first time go read history book

Now its bad for some country and they buy the bitcoin, you see renimbi how low it go this is why all buy bitcoin

If renimbi go up very high then no one buy bitcoin

Quiet surprised that a newbie scolded a higher rank member haha. You do have a point though since not only 1 whale could able to manipulate or affect too much on bitcoins price when theres a sudden dump but depends if all whales would decide but its impossible thing to happen as i do believe bitcoin now is already circulated among the community who uses it which means dumps would unlikely to happen.Back to topic even though bitcoin surpassed or reach out the gold value it doesnt mean it already been defeated.

Yes, I agree, the novice is behaving too impudently ...
I'm not sure that you can even compare gold and bitcoin. Each of these assets has its own development path. I'm sure that bitcoin will never replace gold. Bitcoin is an alternative and will always remain

Zadicar

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Quote from: chungfungfuckyou on March 09, 2017, 08:17:56 AM

Quote from: Noctis Connor on March 09, 2017, 07:51:12 AM

i dont think that bitcoin surpass or defeated gold maybe now bitcoin already defeated gold but remember that bitcoin price is not that stable it goes up and down and it depends on the bigwhales who has been a part of bitcoin community so lets expect that bitcoin will drop sooner or later then it will raise again . so exchange your bitcoin and cash it out while bitcoin are on high price right now so you can buy again bitcoin when it price drop.

shut up idiot, bitcoin is going up not because of whale. There are many big whale in bitcoin but not 1 whale has control on whole market and not all of the whale work together

Sometime some whale lose big money

Biggest miner pool are fight against each other and each one is like its own whale

When cypras economy collapse bitcoin go up first time go read history book

Now its bad for some country and they buy the bitcoin, you see renimbi how low it go this is why all buy bitcoin

If renimbi go up very high then no one buy bitcoin

Quiet surprised that a newbie scolded a higher rank member haha. You do have a point though since not only 1 whale could able to manipulate or affect too much on bitcoins price when theres a sudden dump but depends if all whales would decide but its impossible thing to happen as i do believe bitcoin now is already circulated among the community who uses it which means dumps would unlikely to happen.Back to topic even though bitcoin surpassed or reach out the gold value it doesnt mean it already been defeated.

chungfungfuckyou

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Quote from: Noctis Connor on March 09, 2017, 07:51:12 AM

i dont think that bitcoin surpass or defeated gold maybe now bitcoin already defeated gold but remember that bitcoin price is not that stable it goes up and down and it depends on the bigwhales who has been a part of bitcoin community so lets expect that bitcoin will drop sooner or later then it will raise again . so exchange your bitcoin and cash it out while bitcoin are on high price right now so you can buy again bitcoin when it price drop.

shut up idiot, bitcoin is going up not because of whale. There are many big whale in bitcoin but not 1 whale has control on whole market and not all of the whale work together

Sometime some whale lose big money

Biggest miner pool are fight against each other and each one is like its own whale

When cypras economy collapse bitcoin go up first time go read history book

Now its bad for some country and they buy the bitcoin, you see renimbi how low it go this is why all buy bitcoin

If renimbi go up very high then no one buy bitcoin

Noctis Connor

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i dont think that bitcoin surpass or defeated gold maybe now bitcoin already defeated gold but remember that bitcoin price is not that stable it goes up and down and it depends on the bigwhales who has been a part of bitcoin community so lets expect that bitcoin will drop sooner or later then it will raise again . so exchange your bitcoin and cash it out while bitcoin are on high price right now so you can buy again bitcoin when it price drop.

chungfungfuckyou

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I think all of you are big idiot

In china they will ban all of the bitcoin as soon as it affect the CNY rate - that is if bitcoin become that big

Bitcoin will become illegal 100% in few years now already so much money launder scams are happening

US ban everything without doubt all country ban bitcoin

you cannot ban gold ownership but bitcoin tomorrow morning your government can say finish idiots...

All of you can party - even i party until bitcoin ban. I always have stop loss to withdraw because ban is coming i know

All of you cry when bitcoin go to 50 dollar again but my stop loss hit 1000 i make money and then go to next market of the trading whether it is the shanghai class a index or some other hong kong market but you idiot know how to trade only the cryptocurrency because you have no jobs in life

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Quote from: Astvile on March 09, 2017, 03:35:12 AM

Quote from: botany on March 02, 2017, 11:18:21 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.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer.

Yeah better to total and sum all bitcoins and gold that is circulating in the market to know if bitcoin really do overcome bitcoin gold by this time

your problem is thinking there is only 21 million bitcoins available but in fact there is 21 million * 10^8 satoshi available.
how come when you are comparing gold you are using the smallest unit, you should do the same with bitcoin too.
also on top of that you should consider the history of these two. bitcoin has only an 8 year history (practically a toddler) while gold has been around for as long as currency was around and even before.

soul-impact

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Quote from: Astvile on March 09, 2017, 03:35:12 AM

Quote from: botany on March 02, 2017, 11:18:21 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.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer.

Yeah better to total and sum all bitcoins and gold that is circulating in the market to know if bitcoin really do overcome bitcoin gold by this time

It is not about the market. I only want to mention about the Bitcoin prices. There is still a long path ahead and this is the first step to prove that bitcoin can become stronger than gold. It only takes us 8 years to witness about the significant increase in the prices and there is no doubt that Bitcoin will replace gold and become the next valuable type of investment

pinkpanther03

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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 defeated gold, it's just bitcoin meet the price of gold but not defeating it. But in terms of stability Gold is still more stable than bitcoin, though I'm a bitcoin fanatic but later it will really surpassed the gold sooner or later.

Ocalebeth

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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.

I couldn't believe it either it all happened really fast and the Bitcoin isn't around for a long time.
So this is a pretty big achievement and I personally think that things will only get better then they already are.

Pettuh4

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Quote from: Astvile on March 09, 2017, 03:35:12 AM

Quote from: botany on March 02, 2017, 11:18:21 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.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer.

Yeah better to total and sum all bitcoins and gold that is circulating in the market to know if bitcoin really do overcome bitcoin gold by this time

At least we know it over passed the price of an ounce of gold and so we shouldn't dwell on it overcoming gold, that's I think too big a word. We are not comparing their properties, are we? Just the prices.

Gerlysheyn

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Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I think bitcoin has not really defeated gold since the gold market was larger than crypto-currency ...money has to stable. that simple. bitcoin is just too ... I would rather own real money, Gold & Silver.

Astvile

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Quote from: botany on March 02, 2017, 11:18:21 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.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer.

Yeah better to total and sum all bitcoins and gold that is circulating in the market to know if bitcoin really do overcome bitcoin gold by this time

Soul Reaper

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Quote from: ?? on ??

Quote from: BrewMaster on March 02, 2017, 11:42:18 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.

for me, this means nothing.
because as far as i am concerned bitcoin defeated gold the day it was created. and i found out about bitcoin late but from the day i knew about bitcoin until today i have been seeing profit, and the amount of profit bitcoin has given me, gold could never do in all the previous years.

How could you predict that.
I mean the first bitcoin ever to exist was less than even 1$.
No one in their dreams even could have thought this to happen.( Except satoshi I guess).
How did you know it !? ( It seems to be a bit wierd)
Talking about gold compared to bitcoin.
I think it is indeed an achievement for bitcoin community.
This is just the start.
There are miles to come now.

Yuuto

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True, bitcoin has definitely exceeded gold in value, which is a huge benchmark to cross for bitcoin.

The 2013 hype has gotten everyone out of their seats early, many speculating that bitcoin would beat gold in price, but obviously we all know how that went - it fell short by a few hundred dollars and pretty much everyone was very disappointed.

But not this time, bitcoin has made a comeback.

Although there are issues to fix before it becomes mainstreams, i can safely say that bitcoin is now establishing its own reputation as a good store of value, much like gold has done over centuries.

The question is, will bitcoin be the digital gold? My speculation is probably yes.

Doms

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Quote from: Sundark on March 09, 2017, 12:52:23 AM

Quote from: The_Dark_Knight on March 08, 2017, 07:28:36 PM

The volatility of bitcoin attracts investors the re is no doubt about that, but the volatility needs not be that large or the traders will fell like there is no way to predict the price at all and will get out of bitcoin because of it.

Volatility of bitcoin attracts speculators, they prey on price shifts and don't care about long term strategies. The bigger the volatility the better for them.
Investors are lured by promise of profits due to bitcoin's deflation over time, they don't speculate but rather want stable rising trend.

Bitcoin attracts both actually as there is always the potential for it to even go higher. We all want big returns from our investments, whether we be speculators or long term investors. There are predictions that the price could reach $5000 by the end of the year and by 2019, bitcoin’s price would really explode to highs never before seen. Would be nice to see how these predictions fare come that time. Although that is still far from matching gold's price per kilo.

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Quote from: Oralmat on March 08, 2017, 11:47:12 PM

Before 2 weeks ago, i was also thinking, but now recently bitcoin's price has turned to go back and the last 2 days, bitcoin is $1151. So for me, i was thinking bitcoin will definitely cross $1500, and bitcoin already beat the gold but now the situation has been changed. So let see what is happening in the coming weeks.

I was predicting it in the last time, Give an admit to sell all of the bitcoin by everyone in near of 11 march. and my prediction was come true last night. So, there is a chance to take an act about our bitcoin. although the US securities try to give another delay and the bitcoin will go to the another bottom line as soon as possible.

Sundark

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Quote from: The_Dark_Knight on March 08, 2017, 07:28:36 PM

The volatility of bitcoin attracts investors the re is no doubt about that, but the volatility needs not be that large or the traders will fell like there is no way to predict the price at all and will get out of bitcoin because of it.

Volatility of bitcoin attracts speculators, they prey on price shifts and don't care about long term strategies. The bigger the volatility the better for them.
Investors are lured by promise of profits due to bitcoin's deflation over time, they don't speculate but rather want stable rising trend.

Oralmat

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Before 2 weeks ago, i was also thinking, but now recently bitcoin's price has turned to go back and the last 2 days, bitcoin is $1151. So for me, i was thinking bitcoin will definitely cross $1500, and bitcoin already beat the gold but now the situation has been changed. So let see what is happening in the coming weeks.

Topic: Bitcoin has defeated gold - page 58. (Read 28623 times)