Bitcoin has defeated gold - page 62.

Betwrong

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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.

Although I think it's a good thing that media is talking a lot about Bitcoin these days I think this Bitcoin_defeated_gold talk has not much sense in terms of prices. Why we start talking about this when 1 Bitcoin is worth more than 1 ounce of gold? Why didn't we talk about this when Bitcoin's price was higher than of 1 gram of gold?

I think the really great news would be if Bitcoin was more accepted than gold by regular people, but unfortunately (for those who are ignorant) this won't happen soon.

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Quote from: sportis on March 04, 2017, 03:37:35 AM

Gold is too hard to die. To my point of view it's only the price from the last days where we don't really know if bitcoin will rise, stay stable (impossible because of it's known volatility) or go down. Moreover we have to see the big picture, that is the total market cap of gold is more than $7,300 trillions and about the bitcoin respectively is more than $20,500 billions. The today XBT/XAU close is about 1.039 showing that 1 btc worth more than 1 ounce of gold. But all of these are only some indexes and they have nothing to predict in the long run. Wait and see in the near future so we could draw more reliable conclusions.

We cant really compare them regarding on its volume and marketcap gold is already being established for how many years and bitcoin would be nothing even the price of it now surpasses gold but still they are good on both investments theres no need to compare.

SvenBomvolen

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I would not be so optimistic like you are. Bitcoin's price is not stable and it just can't grow nonstop. It is bitcoin's nature to behave itself like that. Yes, we broke the price for gold, but I expect some new fall in the price for bitcoin soon and we will mve again under the price of 1200$. But I am sure - slowly with this ups and downs the price for bitcoin will move forward.

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Gold is too hard to die. To my point of view it's only the price from the last days where we don't really know if bitcoin will rise, stay stable (impossible because of it's known volatility) or go down. Moreover we have to see the big picture, that is the total market cap of gold is more than $7,300 trillions and about the bitcoin respectively is more than $20,500 billions. The today XBT/XAU close is about 1.039 showing that 1 btc worth more than 1 ounce of gold. But all of these are only some indexes and they have nothing to predict in the long run. Wait and see in the near future so we could draw more reliable conclusions.

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Quote from: The_Dark_Knight on March 03, 2017, 10:02:52 PM

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.

I realized that there is not correct way of selling bitcoins, there will always be better opportunity as time pass.
Bitcoin is a system where only holder win. But what good are money for when you are no using it?
You grabbed you profit, earned your buck and you should be glad - and you can repeat this process, there is no better investing option for our generation.

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Quote from: The_Dark_Knight on March 03, 2017, 10:02:52 PM

Quote from: Zz on March 02, 2017, 05:52:03 PM

Quote from: hajimasan on March 02, 2017, 12:32:44 PM

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.

The_Dark_Knight

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Quote from: Zz on March 02, 2017, 05:52:03 PM

Quote from: hajimasan on March 02, 2017, 12:32:44 PM

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.

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Quote from: singularityisnear on March 03, 2017, 06:54:45 PM

I think the important thing is to compare market capitalization, as others have recommended. The difference is very large if you compare these two variables. I think Bitcoin will reach the same level someday, but that takes time...

It is really hard to compare the market capitalization of bitcoin and gold as gold is viewed as an asset for centuries while in the case of bitcoin, it is an infant and you really cannot compare the two. Even gold might not reach the same level of valuation in the same time and it will be interesting to see how the price would be ten years from now and if the core developers are competent enough to rectify the challenges it faces in the future.

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Quote from: el kaka22 on March 03, 2017, 12:18:19 PM

Quote from: Zz on March 02, 2017, 05:52:03 PM

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

Yeah, I also made a mistake of selling my bitcoin as soon as they started going toward $1000 because I thought that it is going to go down just like what happened in early January, I find it really hard to trust anyone and any news about the price since they have been wrong so many times, I am going to start doing what I feel is right.

i also made the same mistake

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I think the important thing is to compare market capitalization, as others have recommended. The difference is very large if you compare these two variables. I think Bitcoin will reach the same level someday, but that takes time...

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Quote from: Dux2K on March 03, 2017, 05:13:41 PM

I dint expect to see this but all are saying about this from social media to papers. This is breaking news for all and im glad that this happen maybe now more will realize how bitcoin important is.

Yes I also hope that it will really happen, here I am as Bitcoin users will be very happy if Bitcoin could be compared to gold or even be able to beat gold.
In future will be very useful feature Bitcoin maybe this is one reason that Bitcoin is a potential in the future as the currency of the popular and best cryptocurrency.

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Quote from: Dux2K on March 03, 2017, 05:13:41 PM

I dint expect to see this but all are saying about this from social media to papers. This is breaking news for all and im glad that this happen maybe now more will realize how bitcoin important is.

No one would have expected this when it all started but after the initial price rise it was a matter of time when this would happen because of many things,bitcoin is limited and there will be a time when people started investing heavily and that time came this year around and the last couple months has been the best days of bitcoin.

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I dint expect to see this but all are saying about this from social media to papers. This is breaking news for all and im glad that this happen maybe now more will realize how bitcoin important is.

JL421

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Quote from: PhucS on March 03, 2017, 09:59:47 AM

Yes, I am very excited for this. Bitcoin has surpassed gold and seemed to time now, it still maintained that advantage. This indicates that the value of Bitcoin is growing strongly, it has gradually asserted its position. Just pass a little gold, but it is also very positive and very helpful especially for those traders buying and selling virtual currency. However there is a problem is the price of Bitcoin is not stable, the price of gold is not so, it is still fluctuating but not as much as Bitcoin. World gold prices remain stable for a long time. On the market, the popularity of gold is higher than Bitcoin despite prices Bitcoin higher. Both, Bitcoin and gold are the forms that are great investments because they have their own advantages.

Of course the price of bitcoin won't and shouldn't be stable if that was the case the currency would have been dumped by many investors long ago and people would rather invest in gold as there is a very less chance of price drop compared to bitcoin. Not been stable is the only potential for bitcoin to grow more in the long run.

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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 that is really exciting. Now, we are being monitored by different associations. Grin

They dont care when the price is not reaching the price of gold but now that it is they will certainly be asking themselves what the hell is that bitcoin doing in the thousand dollar price range. Grin

I cannot believe it too but it did happen so I am kind of happy and also scared to what the future might bring.

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Quote from: Ayers on March 03, 2017, 11:38:13 AM

Quote from: Cherylstar86 on March 03, 2017, 06:12:00 AM

No bitcoin does not defeat gold, and it could not surpass Gold's price because every year Golds price is increasing and would not decrease, although bitcoin has good price increase, it maybe not a strong reason to think that Gold is defeated. Sometimes btc price will decrease down very big in value and worst that may happened is it will not be profitable soon.

i don't know what you're looking but bitcoin is definitely higher than gold now, and gold is defeated yes, if you wanna talk about the marketcap, you may hold a reason to think that gold is still the king, but on the simple value gold is done,, and btw this is the second time that gold is defeated, the first one was in 2013

It's funny when you said "this is the second time..." so what happened in between late 2013 and 2017? btc was being defeated every moment by gold? how many times would you count that? and total in history? A good believer in btc has no reason to tout such deeply flawed logic and self-dillusion like all the other good-for-nothing media touts. So may we know what are you looking for?

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Quote from: Ayers on March 03, 2017, 11:38:13 AM

Quote from: Cherylstar86 on March 03, 2017, 06:12:00 AM

No bitcoin does not defeat gold, and it could not surpass Gold's price because every year Golds price is increasing and would not decrease, although bitcoin has good price increase, it maybe not a strong reason to think that Gold is defeated. Sometimes btc price will decrease down very big in value and worst that may happened is it will not be profitable soon.

i don't know what you're looking but bitcoin is definitely higher than gold now, and gold is defeated yes, if you wanna talk about the marketcap, you may hold a reason to think that gold is still the king, but on the simple value gold is done,, and btw this is the second time that gold is defeated, the first one was in 2013

Uhm, marketcap is a big factor in all of this. In the grand scheme of things, Bitcoin's marketcap is still tiny compared to gold or other assets.
More prone to price fluctuations.

In a month or so the price might even be lower than the price of gold, so I wouldn't say that Bitcoin has won anything.

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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.

Gold is becoming stagnant nowadays. Due to many regulations by government regarding gold in my country (India), people are reluctant to invest in gold. While Bitcoin is relatively less regulated as a result attracting demand from people. This milestone is just a start, Bitcoin will soon become 'Most Valuable Security'.

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Absolutely right, bitcoin has been defeated to gold, now in this day, i saw bitcoin was $1290, its mean bitcoin will grew more and may be its price would be touch $1500. And imagine, if bitcoin would be reached at $1500 than definitely people who have sold their bitcoins already, they mustily sad on it.

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Quote from: Ayers on March 03, 2017, 11:38:13 AM

Quote from: Cherylstar86 on March 03, 2017, 06:12:00 AM

No bitcoin does not defeat gold, and it could not surpass Gold's price because every year Golds price is increasing and would not decrease, although bitcoin has good price increase, it maybe not a strong reason to think that Gold is defeated. Sometimes btc price will decrease down very big in value and worst that may happened is it will not be profitable soon.

i don't know what you're looking but bitcoin is definitely higher than gold now, and gold is defeated yes, if you wanna talk about the marketcap, you may hold a reason to think that gold is still the king, but on the simple value gold is done,, and btw this is the second time that gold is defeated, the first one was in 2013

Already the price of bitcoin has been more than gold, but gold is a stable state for years. Yes, still gold will play a pivotal role on this earth still. But it comes stability bitcoin has fewer customers when compared to gold. To secure the position of gold it will take a little time for bitcoin.

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