Bitcoin has defeated gold - page 9. | Bitcointalksearch.org

neonshium

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Quote from: West0813 on February 18, 2018, 10:06:14 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.

Even if bitcoin defeat gold in terms of price. But gold is far better than bitcoin. Bitcoin value keeps moving. And golds value is more stable and i think gold are more secure than bitcoin.

No! according to me gold is not safer than bitcoin mate, if we look at the security you will have to keep all of your gold in safe or any kind of locker that you cannot carry with you all the time, having a lot of gold at your home will cause danger for you, but bitcoin have bitcoin wallets that you will not have to hide as you will use it in your phone you can carry a lot of bitcoin a the same time with you in bitcoin wallet without any fear of lose. So this way bitcoin defeated gold so far.

West0813

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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.

Even if bitcoin defeat gold in terms of price. But gold is far better than bitcoin. Bitcoin value keeps moving. And golds value is more stable and i think gold are more secure than bitcoin.

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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.

In April 2017, when the bitcoin price overtook the gold price, a Gold Fund started investing in bitcoin:

https://www.cnbc.com/2017/11/24/a-gold-fund-is-investing-in-bitcoin.html

Basically they put 5% of their fund into bitcoin, and to keep the investment at 5%, they sell when the bitcoin element exceeds that amount, and reinvest in gold. It's been profitable for them.

stayeduptolate

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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. It’s true that bitcoin has defeated gold in terms of prices. This is because of the increasing demand and popularity of bitcoin among the people around the globe. This is all because of the benefits that bitcoin provides. Like firstly, bitcoin is a digital form of currency so it does not need to be physically carried everywhere. Then trading bitcoin is so much easier than gold. Bitcoin wallet is a very safe wallet and bitcoins can’t be stolen from it easily whereas gold is a precious metal and has physical entity because of which it is easier to steal.

warr1979

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Quote from: bakekang008 on January 30, 2018, 08:28:07 AM

Quote from: arcanaaerobics on March 02, 2017, 11:30:16 AM

It was done now and this is reality we are in now?
I dunno. Embarrassed

I don't think so if bitcoin defeat the gold. Because we all know gold is so expensive, but the value of bitcoin its also higher I dont know if its happen. All I know it became stable not now but in the future.

What do you think about the Bitcoin value?
The value of Gold is reasonable, it isn't expensive if you compare Bitcoin to the Gold value.
The value of Gold is just higher than $1,000 and the highest price of Gold also around $1,000 price range, but Bitcoin value was higher than $20,000 in the last year Cheesy

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Quote from: markj113 on January 28, 2018, 08:27:34 AM

Quote from: ultraminer11 on January 28, 2018, 05:39:05 AM

Quote from: shezu007 on January 26, 2018, 01:54:15 PM

of course bitcoin has defeated the gold in the business market. The rate of generation rate of money of the bitcoin is high then gold in a specified time. The user of the bitcoin are so many time of the gold. Gold user are limited while bitcoin user are unlimited and growing day by day.

For me i think there is no comparision of both. Although gold stability will be better to compare real products you see in daily life but bitcoin is best stock in the world according to me because price value of it. We need to check the ounce of gold rare with bitcoin. It's value is more than a ounce of gold now. I suggest you to invest on btc to see the better profit than gold.

Why is an oz of gold directly comparable to 1 bitcoin?

Why not a grain, gram, oz, troy oz. tael, tola, kg or tonne?

Because mindless pumping post is going to mindlessly pump. The distinction used is arbitrary and selected primarily so that one can say that Bitcoin has "defeated" gold. In reality, there's no objective measurement to make such an assessment. Price rise does not indicate that one asset as defeated another. Further, where bitcoin and gold most closely align (as a store of value), gold - which is a fairly volatile asset at times - is far more stable than bitcoin, so there's very little case to be made that bitcoin is a superior store of value either.

bakekang008

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Quote from: arcanaaerobics on March 02, 2017, 11:30:16 AM

It was done now and this is reality we are in now?
I dunno. Embarrassed

I don't think so if bitcoin defeat the gold. Because we all know gold is so expensive, but the value of bitcoin its also higher I dont know if its happen. All I know it became stable not now but in the future.

sadapara78

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yes, we can say with confidence that bitcoin had already lost gold in the very beginning, because immediately it was clear who and how.

reynier

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Quote from: ongels on January 30, 2018, 08:14:20 AM

People are looking for comparison with expensive thing in this world, However Gold are valuable since from the beginning of civilization until present, whereas Bitcoin are just sprouting to expand its popularity within this era. We don't know what may comes next to cryptocurrency. Gold perhaps defeated its value but in the sense of historical path, Gold still precious than btc.

I liked your comment. I feel that comparing BTC with Gold is something illogical, the BTC has outperformed it but not stability.

ongels

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People are looking for comparison with expensive thing in this world, However Gold are valuable since from the beginning of civilization until present, whereas Bitcoin are just sprouting to expand its popularity within this era. We don't know what may comes next to cryptocurrency. Gold perhaps defeated its value but in the sense of historical path, Gold still precious than btc.

Xester

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Quote from: ICOPass on January 30, 2018, 08:04:29 AM

As some already wrote, you have to look at the market cap of both.

Yes and we can see that bitcoin really has a higher value than gold right now. But as to stability, gold has been here for decades or even centuries as a good thing to invest. It has been used since the time of Christ and even used for trading before. It is not bad if we invest in these two worthy investment.

ICOPass

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As some already wrote, you have to look at the market cap of both.

Canis Majoris

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Quote from: bryant.coleman on January 27, 2018, 10:05:03 AM

In order to defeat gold, first Bitcoin needs to achieve the same level of popularity and user-base as that of its rival. But as of now, Bitcoin is far behind gold in terms of these parameters. Bitcoin is having around 100 million users, while gold is estimated to have more than 2 billion users.

Quote from: ashlyvash00 on January 27, 2018, 09:39:55 AM

I agree that bitcoin defeat gold.Because bitcoin now has great price and its increasing everyday while gold its increasing so slow and a tiny increase price not like bitcoin huge price increase.i think if you lucky bitcoin will increase 500$ in a week or day

No wonder that you are having a Merit of 0. If you make shitty posts like this, then soon you will be having a Merit in negative.

The real statistics may be even worse for Bitcoin than you think. First off, I really doubt there are around 100 million bitcoin users in the world. There might be so many people who used Bitcoin at this or that point in time but it is not like 100M people are using it today. Second, even if people have some coins in their wallets, can they be officially considered Bitcoin users? I think there are many wallets with dust not sufficient even to make a single transaction. These are left for dead, and they won't be moved until transaction costs go down a few dozen times. These are my thoughts.

Quote from: markj113 on January 28, 2018, 08:27:34 AM

Why is an oz of gold directly comparable to 1 bitcoin?

Why not a grain, gram, oz, troy oz. tael, tola, kg or tonne?

As far as I understand it, people love comparing things using basic units of account, thus we have 1 ounce of gold versus 1 bitcoin.

qwerty12

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well,,, I think, at first everyone do not think it to happen. because, as a digital currency, Bitcoin actually has no intrinsic value whatsoever. Its value comes only from the trust and willingness of its users to use Bitcoin.
however, the fact confirms that currently bitcoin is more valuable than gold. and today, bitcoin is more hunted than gold.

Epimetheus

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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 think what you mean is Bitcoin has defeated gold in terms of price. It has become more valuable than gold but i don't think that Bitcoin has surpassed gold in terms of popularity and stability. Gold still is the most popular investment in the world and almost everyone on the planet wants to invest in gold. It is without any doubt, one of the safest and most stable investments in the world and it would take Bitcoin years to surpass gold in terms of stability.

imking

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In the condition of price may be bitcoin defeated gold. Yes, we can see that bitcoin is much expensive than gold. But if you are computing the total bitcoin and the absolute gold collected by now and compare its value in every each of it you can know the differences. Also, both side is different gold is a metal and bitcoin is a cryptocurrency.

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Opnsrc

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Quote from: shezu007 on January 26, 2018, 01:54:15 PM

of course bitcoin has defeated the gold in the business market. The rate of generation rate of money of the bitcoin is high then gold in a specified time. The user of the bitcoin are so many time of the gold. Gold user are limited while bitcoin user are unlimited and growing day by day.

It has defeated gold only by its value. Still most merchants prefer using gold and stay away from BTC. It is something that cannot be touched, and it scares people.

sparveenat

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I am not agreed with the coat which you mentioned that bitcoin has defeated the Gold. Comparing both is not advisable as both are different concept.
Gold is precious metal and safe investment. Where bitcoin is the digital current.

logicgate

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Quote from: Krtok on January 22, 2018, 03:31:15 AM

To say nothing, in my opinion, gold is certainly more reliable. Although you can earn more on bitcoin.

True but the thing is most of the people are least concerned about the reliability or any other thing like that. The thing which matters the most to them is looking for something which can help them in making some more money and this is the reason that most of the people are interested in investing their money into bitcoin as compared to that of gold. Bitcoin is far ahead of gold in number of ways.

Rafar8

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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.

Steve Wozniak said that he admired bitcoin from the very beginning, he is less interested in the financial part and in the greater possibility of bitcoin as a currency. He shared how difficult it was to buy bitcoins in the early days of its launch. Comparing bitcoin with the house, Wozniak said that no matter how much the price went up and what taxes the government imposed, the house will still exist as a real stable asset. Similarly with bitcoin: it is limited in quantity and is a valuable stable asset. Wozniak also sees a wider use of blocking technology, citing examples of the application of technology in various areas - from financial services to the mining industry. He gave an example that gold, which is used in illegal transactions or has criminal sources, can be tracked or identified using a unique block identifier. He also touched upon Ethereum, another crypto-currency based on blockbuster, saying that it has opened a whole new world in which people write thousands of applications for the platform.

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