Topic: Bitcoin has gone beyond gold prices - page 13. (Read 8507 times)
No surprises for me. In fact, it was speculated well in advance by many people here. All now I am expecting is sustaining price levels, hopefully bitcoin will range bound around $1000 levels for some time.
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.
Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
We have been discussing for years about choosing either gold or bitcoin and those discussions got a very big meaning with this bitcoin's rally. Unfortunately bitcoin prices are not sustaining there, hopefully bitcoin will bounce back to beat gold price again.I just believe this is just a beginning and we are going to beat even big stocks.
Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
For myself, I prefer bitcoin because is more reliable for me to invest on it. Gold will stay gold with a background of 5000 years of history, today the gold price is more valuable than bitcoin.
But I am pretty confident that the price of bitcoin will continue to increase during the year of 2017.
Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
As for now, my main choice would be bitcoin, but only because of its price but I still can`t ignore the
possibility a sudden drop of bitcoins price which already happened several times in the past. having said that
it wouldn't hurt to invest in gold which also has a potential even if the growth is slow but at least it is stable
which is reliable in long term.
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.
If you buy physical gold < direct ownership > you will have to pay additional funds to secure it, and this push down your profit margins and then you have less liquidity, because the process to sell the gold is more complex. < transport > If you own gold through other means like, Gold exchange-traded funds or Gold mutual funds or Junior gold stocks or Gold options and futures, then you run the risk of centralized organizations determining your future.
Gold ownership in any other form than physical ownership, is not real ownership in my opinion. Try to ask them to give you the physical gold for your stocks and see what they say. ^smile^
Yes and if you don't have a certificate saying your gold is real then you need to pay for that too and if your gold does not come from one of the top mining companies then the potential buyers will try to get your gold for an even lower price, none of that happens with bitcoin. Gold ownership in any other form than physical ownership, is not real ownership in my opinion. Try to ask them to give you the physical gold for your stocks and see what they say. ^smile^
Like some other members I also dont see a point in comparing bitcoin and gold. Both of them represent different movements, and they have different purpose.
In my head there isnt choice between gold and btc, I never had sympathy for gold and I never earned from gold. On other hand I embraced bitcoin from beginning, and I can I just enjoy in sweet victory over gold.
In my head there isnt choice between gold and btc, I never had sympathy for gold and I never earned from gold. On other hand I embraced bitcoin from beginning, and I can I just enjoy in sweet victory over gold.
I don't really understand how we can compare btc with gold. The times when gold used to be a currency are over long ago. Btc is very new and really is a currency. Gold is just some stable matter people are always interested in. How do you count the price of gold to compare it with btc anyway? 1 btc is $950 and it's sort of understood. But there is no '1 gold', right? Is it a kilo of gold? Or is it a pound?
Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
until now, i will choose bitcoin than gold because bitcoin is easy to earn than gold. for bitcoin, if we want to earn bitcoin, we can do by free by playing faucet but for gold, we need to buy it. so bitcoin is cheap and almost without spend any money to earn. so this is the chance for peoples in out there to collect bitcoin.
At the moment my choice is still Bitcoin, I've never been much interested in gold. And the Bitcoin is more convenient for me, although more volatile so I don't invest in gold. But maybe would be wise to split the investments between Bitcoin and gold and not put all eggs just in one basket.
Yes a division of investment is great and wise thinking but unfortunately I don't have the money for both and if I have the money I will use it for both one for taking high risks for a brighter future that might end up as a waste of money or something and one for securing future (Gold) .
Earning bitcoin is so much more easier than gold plus you can earn even without giving a cent . The thing in gold that exceeds bitcoin is the time of existence and value which you can keep for a hundred years . We don't know if bitcoin will continue shining for a hundred years thats why we can't call it an asset .
Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
Why compare the price of gold in $/ounce to bitcoin?
You can always find a unit of weight, such that the price of gold (per unit weight) is equal to the price of bitcoin.
Comparing the two doesn't make sense.
At the moment my choice is still Bitcoin, I've never been much interested in gold. And the Bitcoin is more convenient for me, although more volatile so I don't invest in gold. But maybe would be wise to split the investments between Bitcoin and gold and not put all eggs just in one basket.
Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
Of course, my choice is bitcoin, yes the price is very high today, but there are many ways to grow bitcoin free, or do some tasks and get it as a bounty. There is no easy way to earn gold) so first for me is bitcoin, and then gold 
Bitcoin > Gold
Bitcoin you can sell 24 hours a day. Would be very difficult to sell gold in the middle of the night
Yes it's true I'm 100% agree with you. Gold is less liquidate asset than Bitcoin that is why Bitcoin should not be called an asset it should be called money or currency and it is 100% liquidate just like cash. If we store gold in bank locker than it will be not accessible at midnight but Bitcoin can be used whenever you want to use, only requirement to use Bitcoin is you need a digital device like mobile, computer etc and internet connection to access Bitcoin fund. Bitcoin you can sell 24 hours a day. Would be very difficult to sell gold in the middle of the night
Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?
I personally prefer bitcoin in the appeal of gold, because bitcoin is very easy to do transaki. or buying and selling in the market altcoin reliable. Yes, The gold price is the past and bitcoin will continue to rise up with prediction: 1,250$ in this month.
Who has pushed the bitcoin price upto 1,110$ or more? it's Chinese, Indian, venezuelan ?
Who has pushed the bitcoin price upto 1,110$ or more? it's Chinese, Indian, venezuelan ?
For sure some if not all of those three countries have something with this pump, thats around 300 dollars from the stable price around 800 to the current level. Bitcoin were always the best investement, the results from 2015 to 2016 has already proven those, there isnt such currencie able to make what bitcoin is making, thats get double value over some period.
Just recently bitcoins price has dropped. The price has lessened from 1000$ to 900$ each. With these I must play safe and choose both bitcoin and gold that way my investment will be much safer. If I will not profit on bitcoin then I will profit on gold. BUt I just hope bitcoin will jump again to more than 1000$ each. My friends panicked at the price dropped and sold their bitcoins and so they did not profit and we hope it will climb up again so we can take back our losses.
When there is blood on te streets.. buy.
I managed to cash out some of my coins and right now I find myself avoiding trading. Let's see where the price settles at. My guess is we can still go both ways. More correction or people trying to buy back cheap coins.
Just recently bitcoins price has dropped. The price has lessened from 1000$ to 900$ each. With these I must play safe and choose both bitcoin and gold that way my investment will be much safer. If I will not profit on bitcoin then I will profit on gold. BUt I just hope bitcoin will jump again to more than 1000$ each. My friends panicked at the price dropped and sold their bitcoins and so they did not profit and we hope it will climb up again so we can take back our losses.
When there is blood on te streets.. buy.
I managed to cash out some of my coins and right now I find myself avoiding trading. Let's see where the price settles at. My guess is we can still go both ways. More correction or people trying to buy back cheap coins.
Just recently bitcoins price has dropped. The price has lessened from 1000$ to 900$ each. With these I must play safe and choose both bitcoin and gold that way my investment will be much safer. If I will not profit on bitcoin then I will profit on gold. BUt I just hope bitcoin will jump again to more than 1000$ each. My friends panicked at the price dropped and sold their bitcoins and so they did not profit and we hope it will climb up again so we can take back our losses.
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