Bitcoin has gone beyond gold prices - page 12.

Mometaskers

hero member

Activity: 1764

Merit: 584

Well it's now back to $905. I'm assuming that could be due to a lot of people cashing out. I can say much for gold because I don't own any but I'm seeing that if you want earnings, you're better with bitcoin but if you want a bit of stability, go for gold. Diversified is best.

Quote from: markj113 on January 07, 2017, 04:56:41 PM

Quote from: The Notorious BTC on January 05, 2017, 02:32:01 AM

Bitcoin > Gold

Bitcoin you can sell 24 hours a day. Would be very difficult to sell gold in the middle of the night Grin

Give me an example of why I would want to sell my gold in the middle of the night Huh

Another pointless example as most people of any intelligence actually hold cash too.

Just like saying try selling your bitcoin during a power cut / EMP attack / Internet outage / Hardware failure / BTC network attack etc.

This one. Power cut and internet outage wouldn't probably be really big problems since you'd still have your bitcoins with you. It's hardware failure and hacks that is really the scary ones. Bitcoins would be gone in the blink of an eye, leaving you nothing to show for it. And should someone launch an EMP attack, you can say goodbye to your bitcoin, your phone and life as you know it.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Amph on January 06, 2017, 03:03:45 AM

this is the second time that it happen, remember the good old thread "gold down bitcoin up"

i believe gold is done it will not increase more than the current value, the market is saturated, bitcoin reaching $1k is only the first step instead

Gold does not have the same movements the bitcoin markets does but that is because, the market is bigger, there is paper gold that suppresses the price of gold and gold tends to move extremely quickly when it correct itself, so that is why we don't see a lot of action in gold if we compare it to bitcoin.

markj113

legendary

Activity: 2254

Merit: 1043

Quote from: The Notorious BTC on January 05, 2017, 02:32:01 AM

Bitcoin > Gold

Bitcoin you can sell 24 hours a day. Would be very difficult to sell gold in the middle of the night Grin

Give me an example of why I would want to sell my gold in the middle of the night Huh

Another pointless example as most people of any intelligence actually hold cash too.

Just like saying try selling your bitcoin during a power cut / EMP attack / Internet outage / Hardware failure / BTC network attack etc.

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: traderethereum on January 07, 2017, 08:01:39 AM

Quote from: grandy on January 06, 2017, 09:54:58 AM

Quote from: Bellator on January 05, 2017, 11:37:49 PM

Quote from: nanay777 on January 04, 2017, 11:08:45 PM

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Bitcoin ofcourse. The price of this coin is increasing and decreasing easily in short of time. I dont know in gold price if the same. But I want bitcoin ofcourse because im earning here and trade it even if i have only small amount of money.

yes that is a fact, in my area the price of bitcoin is almost double the price of Gold, but there is a lot of fluctuation in the price of bitcoin where as the price of gold is stale and we can observe a very little change in the price of bitcoin.

bitcoin price is indeed more than gold but for the popularity, i think many people will stay with gold because they don't know anything about bitcoin. but for me, i will stick with bitcoin, i'd like to save bitcoin than gold and its because i don't have much of money to buy gold. but to earn bitcoin, i think i can earn more bitcoin in internet.

those people who want to increase their money the give preference to bitcoin and those people who just want to save tier money and not invest them any where then they buy gold as gold is so stable and they therefore prefer gold for saving their money.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: grandy on January 06, 2017, 09:54:58 AM

Quote from: Bellator on January 05, 2017, 11:37:49 PM

Quote from: nanay777 on January 04, 2017, 11:08:45 PM

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Bitcoin ofcourse. The price of this coin is increasing and decreasing easily in short of time. I dont know in gold price if the same. But I want bitcoin ofcourse because im earning here and trade it even if i have only small amount of money.

yes that is a fact, in my area the price of bitcoin is almost double the price of Gold, but there is a lot of fluctuation in the price of bitcoin where as the price of gold is stale and we can observe a very little change in the price of bitcoin.

bitcoin price is indeed more than gold but for the popularity, i think many people will stay with gold because they don't know anything about bitcoin. but for me, i will stick with bitcoin, i'd like to save bitcoin than gold and its because i don't have much of money to buy gold. but to earn bitcoin, i think i can earn more bitcoin in internet.

Huge Black Woman

sr. member

Activity: 322

Merit: 251

That ain't a real choice in my big blackhead. Jist because 2 thangs is around the same price don' mean I gots ta choooose between the 2. Gold got its uses, an' I fancy wearin' an oversized gol' rope 'round my neck, but bitcoin is anotha' thang entirely. Them 2 is almost like apples an' oranges, as the academic people got a habit of sayin'.

An' now bitcoin done dropped through the penthouse an' is sittin' pretty at $891. What gold at? Summin' like $1110. If you all ain't got the intestinoidal fortitude for big swings, bitcoin ain' the right pet fo' yo zoo. Thank about it.

calkob

hero member

Activity: 1092

Merit: 520

Well it kissed the gold price and then procedded to take a nose dive, not very good for bitcoins rep as a good source of investment. Shocked

xuan87

legendary

Activity: 1666

Merit: 1001

for short term i will choose bitcoin, now it is a good idea to purchase some bitcoin and trade bitcoin, storing bitcoin for a long term is also a good idea but i am not sure bitcoin can survive for a very long time like 50 years old, but if you store gold it will be still valuable no matter how many years you keep it, so for a long term i choose gold

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: Amph on January 06, 2017, 03:03:45 AM

this is the second time that it happen, remember the good old thread "gold down bitcoin up"

i believe gold is done it will not increase more than the current value, the market is saturated, bitcoin reaching $1k is only the first step instead

I think gold is done as well. The dollar is up and gold, plus other currencies have tanked. The only thing holding it's value is bitcoin, but that's because most of the buyers are in currencies (yuan, rupee) that are tanking against the dollar and they're trying to get out using bitcoin as a path.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: RodeoX on January 05, 2017, 01:29:05 PM

Not to rain on the parade... But a whole bitcoin is an arbitrary amount of bitcoin and an ounce is an arbitrary amount of gold. So that does not mean bitcoin is worth more than gold.

Yeah it is like comparing apples and oranges, besides the market for gold still moves a lot more money than bitcoin does, which I think is a more important point of comparison than comparing 1BTC vs 1OZ of gold.

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: error08 on January 06, 2017, 10:08:11 AM

Quote from: nanay777 on January 04, 2017, 11:08:45 PM

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Per ounce? It's not anymore as bitcoin price is too volatile and could easily drop back such as two last days from $1145 to $850 per 1BTC bitcoin.
Bitcoin price could easily pump again but panic selling could dump it again, at least gold is stable option to store our wealth.

yes that is a fact that the price of bitcoin has such a big fluctuation as it reached to 1145 and on very next day it dropped to below 800 USD. where as the price of gold remains so stable that we can observer a slight change in the price of bitcoin.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: craked5 on January 05, 2017, 06:06:39 PM

Quote from: RodeoX on January 05, 2017, 01:29:05 PM

Not to rain on the parade... But a whole bitcoin is an arbitrary amount of bitcoin and an ounce is an arbitrary amount of gold. So that does not mean bitcoin is worth more than gold.

...
You know this feeling when you were pretty sure of yourself who thought you understood everything and then suddenly you got someone who tells you very politely and in a little sentence not taking a full line that what you were thinking is not only wrong, but it's also a complete stupid nonsense?
Well I know this feeling right now.

But that's an interesting experiment. I mean I WAS SURE that the title was true, I believed this idea immediately without questioning it.
While in fact it had no sense cause it was like comparing a temperature to a price.

It is a feeling I am also very familiar with. Embarrassed

You should see me stumble around tying to figure out my car. You proubly know a million times more about cars than me. Even if you know very little about cars.

I suppose if you wanted to compare gold an BTC you could maybe tell something from the calculation below.
The total available world supply of gold has been estimated at 165,000 tons. The total supply of bitcoin is 21,000,000. So that is about 0.000007857 tons per bitcoin. There are 32,150.75 troy ounces in 1 metric ton so that is 0.25Oz. per BTC...
Wait a min. Huh

is bitcoin 4x more valuable than gold? Or am I doing the math wrong?

error08

hero member

Activity: 1036

Merit: 514

Quote from: nanay777 on January 04, 2017, 11:08:45 PM

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Per ounce? It's not anymore as bitcoin price is too volatile and could easily drop back such as two last days from $1145 to $850 per 1BTC bitcoin.
Bitcoin price could easily pump again but panic selling could dump it again, at least gold is stable option to store our wealth.

grandy

sr. member

Activity: 378

Merit: 250

Quote from: Bellator on January 05, 2017, 11:37:49 PM

Quote from: nanay777 on January 04, 2017, 11:08:45 PM

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Bitcoin ofcourse. The price of this coin is increasing and decreasing easily in short of time. I dont know in gold price if the same. But I want bitcoin ofcourse because im earning here and trade it even if i have only small amount of money.

yes that is a fact, in my area the price of bitcoin is almost double the price of Gold, but there is a lot of fluctuation in the price of bitcoin where as the price of gold is stale and we can observe a very little change in the price of bitcoin.

Amph

legendary

Activity: 3248

Merit: 1070

this is the second time that it happen, remember the good old thread "gold down bitcoin up"

i believe gold is done it will not increase more than the current value, the market is saturated, bitcoin reaching $1k is only the first step instead

nobody911

full member

Activity: 234

Merit: 250

Quote from: rajasumi3 on January 05, 2017, 08:52:59 AM

Bitcoin is better than gold because of the following reasons
-it is easier to earn
-it has more potential and the price is on the rise a lot
-it has become a currency .

I think most people look at the rise of bitcoin. Bitcoin easier to appreciate than gold, easier to get more profits.Of course, bitcoin is not a currency, not a complete sense of the currency, it will take several years to develop and improve.

crygirl-1

full member

Activity: 167

Merit: 100

Quote from: talikila on January 05, 2017, 02:33:23 AM

Yes, The gold price is the past and bitcoin will continue to rise up with prediction: 1,250$ in this month.
Who has pushed the bitcoin price upto 1,110$ or more? it's Chinese, Indian, venezuelan ?

Chinese
Bitcoin breakthrough in January 5th highs was approaching 9000 yuan, in 2016 the increase has been more than 200%, one of any investment products, but also the continuation of this remarkable market at the beginning of the new year. But in the evening of 5, intraday rapid diving, once touched $6000 yuan.
I just want to say that Chinese people can play too much

Bellator

hero member

Activity: 826

Merit: 501

Quote from: nanay777 on January 04, 2017, 11:08:45 PM

Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

Bitcoin ofcourse. The price of this coin is increasing and decreasing easily in short of time. I dont know in gold price if the same. But I want bitcoin ofcourse because im earning here and trade it even if i have only small amount of money.

n0ne

hero member

Activity: 2618

Merit: 548

SecureShift.io | Crypto-Exchange

Long back itself bitcoin price has gone beyond that of gold. Now the recent increase makes it a big rise in the value compared to the past. Also the sudden fall in price after the great increase might have changed the mind of users to focus on gold, because such big fluctuations won't happen with it. Only the users who believes bitcoin whole heartedly keep hold and continues earning and using bitcoin whether the price falls or increases.

ArdiPrabowo

hero member

Activity: 644

Merit: 500

you must explore definition
in gold real investment or real investment
beause you online trading gold use metatrader 4, fluctiation same with bitcoin very big
and you can get much profit and lost all monei if MC , use online trading gold

but if real investment physic gold, gold price is very low incraese so low return

Topic: Bitcoin has gone beyond gold prices - page 12. (Read 8479 times)