Topic: Bitcoin is better than gold and USD? - page 5. (Read 1600 times)
Actually, it is very hard to compare with your regular needs. I need Gold, USD and Bitcoin all! Because they are money and everyone runs behind money. But if I have to pick one, I will go for Bitcoin obviously! Bitcoin has a great future no doubt, it's technology is making things easier! Gold is the natural resource it is not currency in my view, USD has lack of freedom and transparency! Where cryptocurrency is being accepted as a payment method over the world!
Yes.Bitcoin is better than gold and USD. Because day by day its prize go up and up.After the world's first bitcoin transaction on 12 January 2009,bitcoin prize was 0.003 in 2010.Today the prize 7500$.Just compare the prize.More than 10000x growth.Have you ever seen like that?And it will go up and up some says it will go up to 100000$
I think that you should conduct an experiment and send from point A to point B for example 30,000 dollars. But only in one case, send 30,000 dollars in dollar equivalent, and send another transfer to Bitcoin. You should compare the time after which you can get your money, as well as the difficulties that must be accompanied by a bank transfer and due to the receipt of Bitcoin, Or maybe even its cashing. And then you will have a real answer to the question posed. Which is better.
The gold prices have gone down heavily since 2011. It has been almost a decade and they haven't recovered yet. The demand for gold has gone down in countries such as China and India. People no longer consider gold as a safe asset. Or may be the case is that many of them consider gold as over-priced. I either case, I would say that BTC is a better option.
Bitcoin, gold, and USD are different, but the three are much in search by investors. The point of the line can be used for investments and benefit by having it. Bitcoin and gold more in comparison from USD. Because Bitcoin and gold have a price that can experience changes higher than USD. But for me, Bitcoin is an investment with the highest potential, even if it has the highest risk.
Gold is one and the USD dollar is different. I think it is a different position in its position. There is no comparison with anyone. That's why I think bit quotes are not just about anything else with it. However, yes bit coins run out of them at one point. It will not be more day long.
Bitcoin is definitely better than USD, but I am not sure whether we can compare it with gold. The United States Dollar is losing its purchase value ever since the first dollar banknotes were printed. Just check this chart, and you will understand:
Now we can't say the same about gold, because its purchasing power has remained roughly the same over the years. Gold does not have to deal with the issue of federal debt and inflation (which drags down the value of the United States Dollar).
Now we can't say the same about gold, because its purchasing power has remained roughly the same over the years. Gold does not have to deal with the issue of federal debt and inflation (which drags down the value of the United States Dollar).
Bitcoin has their own style , so do the gold and USD.
Remember that bitcoin has volatile value but it can yield you some profit more than you can achieve on gold / USD
Learn their characteristic so you can find the advantage from it !
Remember that bitcoin has volatile value but it can yield you some profit more than you can achieve on gold / USD
Learn their characteristic so you can find the advantage from it !
The problem with gold is that it can be stolen. Physical gold can be stolen from your residence, or even from the bank lockers. Paper gold (ETF) is even riskier. If the issuing authority undergoes bankruptcy (which is somewhat common nowadays), then the ETF units may lose their value. Here is the advantage with BTC. It can't be stolen. Even if someone steals the hardware wallet, without the password or PIN, he won't be able to spend them.
As of the present situation, USD ang GOLD is much better for now, because those things run the market today, bitcoin has just started sooner or later in the near future when bitcoin accepted worldwide in terms of all types of transaction, thats the time we say YES it is much useful compare to USD and GOLD.
@cryptocaster,
You are talking about physical gold.
How about gold certificates?
How about a gold-backes stablecoin?
Easy to handle just like Bitcoin
More accepted than Btc in stores because of tradition
You are talking about physical gold.
How about gold certificates?
How about a gold-backes stablecoin?
Easy to handle just like Bitcoin
More accepted than Btc in stores because of tradition
Bitcoin acceptability is very high and it is increasing day by day.
I don't know of any restaurants, grocery stores, clothes shops etc... in my city, accepting btc.Institutions don't accept btc either as payment method.
Probably I misunderstand what you mean by acceptability.
My point is, these listed shops: 0,000... how much % of the total existing shops do they represent?
Bitcoin has maybe a higher acceptability compared to 10 years ago, but overall speaking its acceptability is near to zero.
Bitcoin acceptability is very high and it is increasing day by day.
I don't know of any restaurants, grocery stores, clothes shops etc... in my city, accepting btc.Institutions don't accept btc either as payment method.
Probably I misunderstand what you mean by acceptability.
bitcoin can never be as good as gold and fiat and that is a fact, the price can blow off the roof in the end it will be converted to fiat.
Bitcoin acceptability is very high and it is increasing day by day.
I don't know of any restaurants, grocery stores, clothes shops etc... in my city, accepting btc.Institutions don't accept btc either as payment method.
Probably I misunderstand what you mean by acceptability.
Yes.Bitcoin is better than gold and USD. Because day by day its prize go up and up.After the world's first bitcoin transaction on 12 January 2009,bitcoin prize was 0.003 in 2010.Today the prize 7500$.Just compare the prize.More than 10000x growth.Have you ever seen like that?And it will go up and up some says it will go up to 100000$
I think that you should conduct an experiment and send from point A to point B for example 30,000 dollars. But only in one case, send 30,000 dollars in dollar equivalent, and send another transfer to Bitcoin. You should compare the time after which you can get your money, as well as the difficulties that must be accompanied by a bank transfer and due to the receipt of Bitcoin, Or maybe even its cashing. And then you will have a real answer to the question posed. Which is better.
Yes.Bitcoin is better than gold and USD. Because day by day its prize go up and up.After the world's first bitcoin transaction on 12 January 2009,bitcoin prize was 0.003 in 2010.Today the prize 7500$.Just compare the prize.More than 10000x growth.Have you ever seen like that?And it will go up and up some says it will go up to 100000$
Bitcoin and gold can be both an assets. It is not justifiable to compare the physical gold to the digital bitcoin. They have strong differences. For the one's who are open in new investments and technology, bitcoin is better to choose from. But the disadvantage of this is the flactuating price while gold on the other hand is increasing it's value as the time goes by. Anyhow, we can still prefer both and we don't have to choose any of them.
I don't know, in this case bitcoin also still depends on the price of USD, and also gold. however bitcoin is not so perfect, because there are still many countries that have not accepted bitcoin as a substitute for USD, so most people exchange bitcoin with USD when they want to use it in a country that prohibits it. but we can be sure that this technology can compete with those two things.
I think Bitcoin is the most crucial coin, because it changed the area of economy. Of course, it hasn't stability but I know also this aspect will change. There so many negative comments about this, but are you perfect? Every day everything changes, all is stream. But how can we compare these things, they are related to different economic sectors. But what I can say with confidence is that this question is relative to money. And if we tie it with this resource, then everything is based on the fact that Bitcoin wins. Do you have another opinion? Please share with everyone!
Bitcoin and gold can be both an assets. It is not justifiable to compare the physical gold to the digital bitcoin. They have strong differences. For the one's who are open in new investments and technology, bitcoin is better to choose from. But the disadvantage of this is the flactuating price while gold on the other hand is increasing it's value as the time goes by. Anyhow, we can still prefer both and we don't have to choose any of them.
I really don't think bitcoin is better than gold or usd, reasons because they are totally different from each other with features and functions, bitcoin is a cryptocurrency, usd is fiat currency and gold is a valuable element and each have a distinctive function it performs,
You can't use btc or usd to make earnings, rings watches and so on.. but you can use usd to buy this items and maybe can also use btc(under probability)
usd is use for anything transaction and same as btc but only that usd is universally accepted,
Also the 3 can be considered as a store of value, so to me each of them has their own importance and differences.
You can't use btc or usd to make earnings, rings watches and so on.. but you can use usd to buy this items and maybe can also use btc(under probability)
usd is use for anything transaction and same as btc but only that usd is universally accepted,
Also the 3 can be considered as a store of value, so to me each of them has their own importance and differences.
I do not think Bitcoin is better than Gold and USD. Yes, Bitcoin is the most expensive and influential cryptocurrency of this period. Bitcoin preference is more than all the other crypto currency. Bitcoin acceptability is very high and it is increasing day by day. But it is better not to compare gold or USD with bitcoin. I saw many posts where Bitcoin is better than gold and USD. My point is that Bitcoin is the crypto currency, on the other hand, gold is one of the natural resources and USD is the real currency. So how is Bitcoin compared with gold or USD and is called Bitcoin gold and better than USD? Where Bitcoin Gold and USD are used in various different things and in different fields. Give your opinion.
maybe what you say is true bitcoin is no better than USD or Gold. but that might be your perspective in comparing these three things in terms of risk because USD and Gold have a low risk because the movement of the price is very slow. While bitcoin is more at a higher risk but if the risk is higher then the profits that can be obtained will also be higher because the bitcoin price is still not stable Jump to: