Bitcoin has defeated gold - page 63.

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Quote from: Ayers on March 03, 2017, 10:38:13 AM

Quote from: Cherylstar86 on March 03, 2017, 05:12:00 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

maybe this time, the search bitcoin users has surpassed gold. it is because they see that the opportunity to become rich from bitcoin, greater than gold. Well, bitcoin has beaten gold since the first. when prices rose to a higher bitcoin, I think gold can not be compared with bitcoin again.

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Quote from: Zz on March 02, 2017, 04:52:03 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 hope for another round of buying opportunities when the verdict on bitcoin ETF applications will be made. I plan to buy more if I find any chances. Otherwise I will keep on buying for every $50 rise.

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Quote from: Cherylstar86 on March 03, 2017, 05:12:00 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

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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.

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Quote from: eternalgloom on March 03, 2017, 06:04:25 AM

Quote from: Cherylstar86 on March 03, 2017, 05:12:00 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.

You're just factually wrong with that comment. Gold has also seen some serious price decreases over the past 20 years, just look at any chart.
Now, Bitcoin certainly hasn't 'defeated' gold, but it's now showing that it could be a serious contender in the future.

Yes, gold prices decline since 2012 last year and is still not risen to the previous price (price in 2012). While the current bitcoin prices have increased even more than gold prices. Indeed, fluctuations in bitcoin very scary because prices can fall dramatically within a few seconds, while gold is not that fast it. But this time the bitcoin has proven worth as a competitor of gold. Bitcoin prices now $ 1,290 and gold prices now $ 1,227, this would be an interesting competition.

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Quote from: machinek20 on March 03, 2017, 06:16:59 AM

It is an exciting news for all of the bitcoin user and holder, the question is can bitcoin stable in that price for a long time? I am very sure bitcoin pricing will keep on rising and leaving gold behind, this has proved that more and more user join bitcoin and using bitcoin for transaction

Well this happened in the past, it even reach $1900 ( which I have been saying repeatedly in every threads like these). So the thing that it happened in the past it may happen again, the bubble may pop.

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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.

Yes, bitcoin price has increased exceed gold per ounce. Isn't it increase too fast? I'm a little bit worrying about people start to sell following another dump. Current price is very tempting to sell bitcoin in case someone looking for profits through arbitrage which flood the blockchain as unconfirmed transaction.

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It is an exciting news for all of the bitcoin user and holder, the question is can bitcoin stable in that price for a long time? I am very sure bitcoin pricing will keep on rising and leaving gold behind, this has proved that more and more user join bitcoin and using bitcoin for transaction

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Quote from: Cherylstar86 on March 03, 2017, 05:12:00 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.

You're just factually wrong with that comment. Gold has also seen some serious price decreases over the past 20 years, just look at any chart.
Now, Bitcoin certainly hasn't 'defeated' gold, but it's now showing that it could be a serious contender in the future.

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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, moreover I think this is just the price of one ounce. This is like if we referenced to the price of one millibitcoin.

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Quote from: banbangfa on March 03, 2017, 01:15:06 AM

Bitcoin total only 21 million
Global gold total more than 5.8 billion ounces
for the two different units of investment products, how can such a comparison
can really be used to compare the total market value

It doesnt really matter if bitcoin has defeated gold or not. They are on different classifications and comparing them would be hard. But if we just compare them let us use this terminologies, 1 kilo of gold versus 1 bitcoin. In this description bitcoin has is far away behind the price of 1 kilo gold. 1 kilo of gold in the world market is priced at more or less 20k$ while bitcoin is at 1k + $ .

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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.

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Quote from: tuvok007 on March 03, 2017, 04:57:09 AM

Nice article from coindesk about the subject, and this is not even started yet Shocked

http://www.coindesk.com/price-bitcoin-now-worth-one-ounce-gold/

I've read the article and it gives some hope that bitcoin is already making itself to run under gold. But still it is still a long race for bitcoin before it an achieve to defeat and replace gold within the markets. And I guess this will take a longer time and years before we'll see that bitcoin is able to defeat the undefeated and most precious investment, gold.

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Quote from: slapper on March 03, 2017, 04:47:44 AM

Luckily, the adoption procceed faster than we expect. It has been 8 years since Bitcoin was created and now, there are millions of people using Bitcoin at the moment. Look at the blockchain and you will see how many transactions have to be confirmed in one day. I will never be surprised if Bitcoin overtake gold both in the prices and in the marketcap before the 2050

Dont be ridicilous, this is nothing to do with the adoption. It is mainly few people with large amount of cash actually notice buy and shoot the price up and it should be much more when alot more people are aware of it. ETF issue is probably going to help the price up as well and soon we will know the result of it.

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Quote from: slapper on March 03, 2017, 04:47:44 AM

Quote from: onrise on March 03, 2017, 01:33:17 AM

Bitcoin is not accepted world wide . Some countries have banned it and some have said to be a cautious state . Well gold is accepted worldwide without any problem. If worldwide it gets acceptance then it could be threat to hold as per my understanding .

Luckily, the adoption procceed faster than we expect. It has been 8 years since Bitcoin was created and now, there are millions of people using Bitcoin at the moment. Look at the blockchain and you will see how many transactions have to be confirmed in one day. I will never be surprised if Bitcoin overtake gold both in the prices and in the marketcap before the 2050

It can happen even faster then before 2030

I know it would be incredible, but adoption of BTC runs hyper fast. We don't know what gonna happen in next year.. There is thousends of projects behind the curtain! Let's wait till 11 of March for decision of CED (Winklevoss case). If it will be positive, then untill end of this year I expect that marketcap will be triple! Then for sure eyes of many big investors will move from gold on Bitcoin.

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Nice article from coindesk about the subject, and this is not even started yet Shocked

http://www.coindesk.com/price-bitcoin-now-worth-one-ounce-gold/

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Quote from: onrise on March 03, 2017, 01:33:17 AM

Bitcoin is not accepted world wide . Some countries have banned it and some have said to be a cautious state . Well gold is accepted worldwide without any problem. If worldwide it gets acceptance then it could be threat to hold as per my understanding .

It's hard to accept the fact that as of now bitcoin can't defeat gold temporarily. But if bitcoin is going to make noise for each years to come for sure there will be the right time that bitcoin will surpass gold's market cap. And in order for bitcoin to beat gold, that is what we need to do, let's help bitcoin to beat gold's market cap by attracting more investors.

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Quote from: onrise on March 03, 2017, 01:33:17 AM

Bitcoin is not accepted world wide . Some countries have banned it and some have said to be a cautious state . Well gold is accepted worldwide without any problem. If worldwide it gets acceptance then it could be threat to hold as per my understanding .

Luckily, the adoption procceed faster than we expect. It has been 8 years since Bitcoin was created and now, there are millions of people using Bitcoin at the moment. Look at the blockchain and you will see how many transactions have to be confirmed in one day. I will never be surprised if Bitcoin overtake gold both in the prices and in the marketcap before the 2050

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Bitcoin is not accepted world wide . Some countries have banned it and some have said to be a cautious state . Well gold is accepted worldwide without any problem. If worldwide it gets acceptance then it could be threat to hold as per my understanding .

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Bitcoin total only 21 million
Global gold total more than 5.8 billion ounces
for the two different units of investment products, how can such a comparison
can really be used to compare the total market value

Topic: Bitcoin has defeated gold - page 63. (Read 28617 times)