Bitcoin has defeated gold - page 60.

xIIImaL

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Quote from: bravehearth0319 on March 05, 2017, 12:18:11 PM

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.

This will be a good step for us to share more bitcoin to others and save more too unto it. Because we are now greater than gold, imagine we are holding and saving something more than a gold, cheers!

Yeah bitcoin shows its potential to the world economy with its value and power. bitcoin is been crossed the value of one ounce of gold equals with one bitcoins. Then is gold is physical investments for the laymen people to hybrid corporate people and they does not know about digital currency yet. We need more adoption to increase bitcoin more and more than now.

Barbut

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Do you remember all threads from past years: Bitcoin vs Gold, what is better bitcoin or gold, and many other similar threads. Now it's official, bitcoin is better and more expensive then gold, you can do more things with bitcoin then with gold. Who ever invested money or time in bitcoins was right from the beginning, and thanks for sharing this prices of bitcoin and gold. Now difference is just 19 dollars, but its good for start, soon bitcoin will worth much more then gold.

bravehearth0319

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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.

This will be a good step for us to share more bitcoin to others and save more too unto it. Because we are now greater than gold, imagine we are holding and saving something more than a gold, cheers!

OROBTC

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Quote from: The Sceptical Chymist on March 04, 2017, 07:11:43 PM

Yes, though I really don't see the relevance of this. Apparently a lot of others do.

I think when I get paid from my signature campaign this coming Wednesday, I may just end up buying a gold coin or some silver from Provident Metals. I said in another thread that I was done spending bitcoin, but actually having a physical coin as the result of my earnings here is meaningful to me. I'm not pumping Provident here, they just happen to be pretty much the only place that takes bitcoin. Amagi metals has shit for selection. But I'll have to see what the price is on Wednesday. I must say, I'm reluctant to get rid of any bitcoin right about now. We could very well be on the rocket ship to Pluto. F- the moon.

Yeah, that's my favorite way to spend Bitcoin, buying gold. Buying gold is like spending and saving at the same time.

But, I agree that it is hard to think about spending BTC now, as the price now could really move up big.

Another thing to keep in mind is that buying gold now means you would be "selling high (BTC) and buying low (gold)" at the same time, generally buying low and selling high is a winner in investing.

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Quote from: NoNetwork on March 04, 2017, 07:15:23 PM

Quote from: Kray on March 04, 2017, 07:07:50 PM

Quote from: Coinonat on March 04, 2017, 04:36:28 PM

I think you need to wait and see if the price stays for long time then you can make that claim cvehemently.

yeah you right, it's not permanent price

It is a permanent price, but it is still a good information about users.

not permanent, i would say very solid, nothing is permanent in this world, especially not in economy worldtoo many swings and fluctuation will change this situation in the future, and bitcoin is very volatile, while gold is more stable

alyssa85

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Gold tends to respond negatively to interest rate rises from the Fed.

I'm pretty sure that the Fed is going to raise interest rates again in March, and gold will take a dive (and the dollar will rise).

BTC doesn't seem to respond to interest rate rises at all, it seems to respond to utility - whenever a new use for it comes, it jumps in price (as we are seeing with the potential for it to be included in the ETF).

cellard

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Quote from: Monnt on March 05, 2017, 10:55:18 AM

Quote from: Tesorex on March 04, 2017, 10:26:17 AM

I didn't realize there was a fight between bitcoin and gold, way to go btc way to go.

Bitcoin and gold have never been in fighting, and bitcoin and gold both of them are good things thay we cannot prefer one on the other, so you can’t talk about bitcoin beating gold just because its price was high for bit, sooner or later the price is going to drop since the bitcoin is not stable, and gold has been and forever be steady and a long time investment.

Well we like to post a bit for fun and tease the goldbugs that are anti bitcoin which I consider to be idiots, so it is cool now that the unit of measure is higher in bitcoin than gold.

In any case, in order to really defeat gold we would need bitcoin to have a higher marketcap than bitcoin, which means the marketcap should be on the trillions of dollars, and that would be great since it would mean anyone holding 1 BTC is rich.

Monnt

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Quote from: Tesorex on March 04, 2017, 10:26:17 AM

I didn't realize there was a fight between bitcoin and gold, way to go btc way to go.

Bitcoin and gold have never been in fighting, and bitcoin and gold both of them are good things thay we cannot prefer one on the other, so you can’t talk about bitcoin beating gold just because its price was high for bit, sooner or later the price is going to drop since the bitcoin is not stable, and gold has been and forever be steady and a long time investment.

justdimin

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Quote from: DoublerHunter on March 04, 2017, 09:00:52 AM

Yes bitcoin already defeats gold in terms of price but i think it doesn't stable because there still a risk that bitcoin price will go down if something happens like bad news or panic selling. But even though bitcoin is not stable on its price it is kind of a good side for me because i'm a bitcoin trader and i love the volatility of bitcoin price since i was started.

You are right and having a fixed or stable price is what differentiate bitcoins from other assets.
If bitcoins would have a fixed value then it would just be too boring for any trader like for example you and its the change of price or volatility that makes bitcoins worth holding and trading.

There have been certain rumors that the price of bitcoins might drop too quickly and these are just hype to make people dump their coins.

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Quote from: raven7886 on March 05, 2017, 02:03:28 AM

Quote from: Coinonat on March 04, 2017, 04:36:28 PM

I think you need to wait and see if the price stays for long time then you can make that claim cvehemently.

Well even if the price gets low now you cannot deny the fact that bitcoins has really defeated gold.
It is like getting ahead of gold at least once and that bitcoins has done quite dominantly and mate one thing I assure you, don't know what people around you say but bitcoins would reach some enormous value in coming months.

Bitcoin often change their performance, even if it reaches great heights, then there is no guarantee that everything can be without problems. Therefore, in my view the dollar stable, even cheaper.

raven7886

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Quote from: Coinonat on March 04, 2017, 04:36:28 PM

I think you need to wait and see if the price stays for long time then you can make that claim cvehemently.

Well even if the price gets low now you cannot deny the fact that bitcoins has really defeated gold.
It is like getting ahead of gold at least once and that bitcoins has done quite dominantly and mate one thing I assure you, don't know what people around you say but bitcoins would reach some enormous value in coming months.

olushakes

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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 don't believe a price surge of bitcoin over gold in my opinion does not mean defeat of one and the other. I believe either one has a different race to run with one not depending on the other. Gold for me is purely an asset that serve the main purpose as a store of value while bitcoin on the other hand can serve as a store of value and the same time as a medium of exchange with high volatility.

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Quote from: NoNetwork on March 04, 2017, 07:15:23 PM

Quote from: Kray on March 04, 2017, 07:07:50 PM

Quote from: Coinonat on March 04, 2017, 04:36:28 PM

I think you need to wait and see if the price stays for long time then you can make that claim cvehemently.

yeah you right, it's not permanent price

It is a permanent price, but it is still a good information about users.

There is not permanent price in digital currency, The price is always try to move into the another direction. The prices are depend on the buyer and seller. The activity of the market can determine the price of bitcoin and it's not a fixed price.

Sled

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This kind of winning is one of the reason why i love bitcoin because it changes its price way more often than the gold or any kind of asset and it suit in my needs like getting faster profits than the regular stocks in the stock market. The current price now maybe not permanent but a sign that bitcoin can be higher and higher if bitcoin want to.

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Quote from: NoNetwork on March 04, 2017, 07:15:23 PM

Quote from: Kray on March 04, 2017, 07:07:50 PM

Quote from: Coinonat on March 04, 2017, 04:36:28 PM

I think you need to wait and see if the price stays for long time then you can make that claim cvehemently.

yeah you right, it's not permanent price

It is a permanent price, but it is still a good information about users.

Well, there's actually no permanent price in this world, everything which has value always hold its value temporarily. Even if it's a super rare diamond, its value will increase or decrease the time, especially if you're talking about bitcoin which have fluctuating behaviour because it's always depending on market and only the market can determine the price bitcoin deserve.
But the good thing is, as for now, we have defeated gold from value aspect, even if it's temporary, enough to prove and show it to the world that bitcoin is worthy thing.

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Quote from: mattermaster on March 05, 2017, 12:15:54 AM

This became the unforgetable truth that the Bitcoin has currently defeated the value of Gold but Bitcoin basically become unlikely to change its value and reverts to its previous value soonafter.

Right but still we can't say definitely that Bitcoin defeated the gold fully because the price of the Bitcoin is not much stable , so here it may be possible to go down suddenly .
Since here chances to go up are man then go down but if you will see at the history of the Bitcoin then you can't say Bitcoin comes forward at top than the at what position .
Another fact here is that Bitcoin is has a total age of 8-9 years but gold has thousands of year .
So I think this will take more time to become more definite opposite of the gold .

mattermaster

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This became the unforgetable truth that the Bitcoin has currently defeated the value of Gold but Bitcoin basically become unlikely to change its value and reverts to its previous value soonafter.

Supercrypt

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Quote from: Tesorex on March 04, 2017, 10:26:17 AM

I didn't realize there was a fight between bitcoin and gold, way to go btc way to go.

There is always a touch fight between certain virtual commodities.

Another fight that people believe was between an e-currency payment system Paypal and bitcoins but that fight ended in a 99-1 in favour of bitcoins because of the issues of charge-back with paypal.

I have been closely watching the price of bitcoins and the moment it crossed gold was a proud moment for me being a bitcoiner because we all know gold has worldwide worth and we are ahead of it !

cpfreeplz

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Quote from: Kray on March 04, 2017, 07:07:50 PM

Quote from: Coinonat on March 04, 2017, 04:36:28 PM

I think you need to wait and see if the price stays for long time then you can make that claim cvehemently.

yeah you right, it's not permanent price

True, that and gold's market cap is massive. It's a poor comparison. This is a good way for mainstream people to understand how well bitcoins are doing right now though, that's for sure. Anything that gets positive bitcoin news out there is a good thing.

The_Dark_Knight

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Quote from: Yakamoto on March 03, 2017, 09:24:30 PM

Quote from: The_Dark_Knight on March 03, 2017, 09:02:52 PM

Quote from: Zz on March 02, 2017, 04:52:03 PM

Quote from: hajimasan on March 02, 2017, 11:32:44 AM

already know that it will happen soon but it got much soon what I expected .
Well here no doubt that it's price will cross 1500$/BTC . Recently a news in many blogs and sites is spreading that the price will go to about 30-40% more ,And the main news source is from coindesk , Since we can't believe at any predictions but we can see reality that is happening with us the current price .

I admire your foresight.
I started to get it when it was $ 450.
I sold it when the price was $ 900.
I'm very regretful.

You don't have to be, you doubled your money, while you don't indicate the time frame probably you did in less than a year which is great, now the only thing you need to do is to wait for the price to get lower and then buy again and that way you will obtain more profits when the price of bitcoin goes up.

A lot of this is going to end up being dependent on whether or not the ETF application is accepted or denied, and in the event it is accepted it would 100% be best to get in on it right now because the value of bitcoin is going to keep driving itself up as the companies get more and more involved. One ETF making money will soon result in more ETFs getting their hands in on the pot, and next thing you know everyone's making money.

You are correct but the most likely outcome is that ETF is denied and that will mean we will have the chance of buying more bitcoin for a cheaper price, but you are right if it gets approved then the price could skyrocket even more than it has.

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