Topic: Bitcoin is better than gold and USD? - page 9. (Read 1600 times)

I also don't think about such statements, even though btc, gold, and usd are different things and cannot be equated. They have their own functionalities and are very different, even though BTC and gold are still based on USD but that does not mean USD is better and although more expensive than USD does not mean the best BTC then even though gold is rarer than BTC and USD doesn't mean the best. All three have different values and in different fields, so we must understand that.

There are differences and there are some same characteristics of all of these in the above. USD, gold and bitcoin are all assets. It could be added to your assets and liabilities. The differences are, gold is not that volatile when it comes to price.  Bitcoin and other cryptocurrencies are pretty much volatile. I can say that bitcoin is better than gold in terms of investment and bitcoin is not better than USD in terms of assets speaking.

i don't know, gold e USD keep the value over time (slight fluctuations) I do not consider them an investment. Gold is an excellent refuge asset. Bitcoin is an investment with very high volatility, at the same time if one believes in the blockchain and in the decentralization, BTC is at the same time a asset of refuge and investment

gold sits on 2 markets. the commodity market (mined and sold for industry/product creation)
                                  the asset market(bought and sold for speculative prices for investment)

putting aside the commodity utility and concentrating just on the asset market. gold is similar to bitcoin.
both assets have an upfront cost for mining.
gold has excavators, sluice machines and diesel
bitcoin has asics and electric.

because it costs X amount to mine these assets give the assets a good underlying bottom value. where people refuse to sell below,
after all if it cost pennies to mine gold and nothing to mine bitcoin. those getting the mined assets would be happy to sell at any price and still profit. but would refuse to sell for less than the cost price of obtaining it.

USD is just paper and is dirt cheap to create a $100 bank note. and digital USD is just created from people signing credit/mortgage agreements. so USD has no real upfront creation cost. USD's value comes from laws such as minimum wage laws where in some US states a $10 bank note is worth 1 hours labour, but state to state this is variable as some states have $7.50 some have $15

this means from a point of view of basic value. USD is the worse store of value just looking at its creation/store.
golds store of value is the same as bitcoin. but has extra utility value(speculative) and worse tangeable value(heavy)
golds utility value(commodity) is higher as the whole world uses gold, whether it be gold tooth fillings, circuits jewellery, pretty sure everyone has something in their house that contains gold
the USD utility value comes second as hundreds of millions of americans use it daily(not as great as say china's billion users)
then comes bitcoins utilily value which is only a few million users

With this, Bitcoin is more far better than gold and USD. Life is all about taking profits from your investment, and when that's not forthcoming then something must be wrong. Let us be sincere to our selves, when you trade Bitcoin you get rich, and better stick to Bitcoin than any other, just speaking from experience, nothing comparable to Bitcoin when it come to currency or coins.   

Bitcoin is better than gold and USD as of now. The good thing about bitcoin is that it is profitable due to its instability but risky unlike gold and usd that is quite stable, yet profitable.

I don`t think bitcoin is better than gold and USD. Bitcoin is still new and the mere fact that most of the world`s population don`t know yet bitcoin means it is not better. Bitcoin is not stable unlike the stability of gold and USD.

Bitcoin might have a bigger price and you can profit from it but clearly, that does only a little advantage over the two. Bitcoin is still useless if you can't transact with it in real life without further restrictions from using it. USD can be used in most of the places like in money changers in any other country. Gold's value is also high and can be sold easily. But in bitcoin, in some countries, they restrict bitcoin and can make bitcoin useless.

I beg to differ from the believe that bitcoin is better than gold or fiat money in this case USD. The uncontrolled fluctuations in price of bitcoin makes it a risk for investors despite the huge opportunity to make quick return on investment. To me I will rather ride the hype of bitcoin and invest my profit in traditional assets like Gold.

Most of those who do not understand the full value of the blokchane technology say: "What is the value of crypto? It's just an empty space!". In my opinion, just not all of these people can look into the essence of things. They are like a person who goes somewhere and only looks at his feet, without lifting his eyes and without looking forward.

Bitcoin is better than gold and USD. A month ago 1 Bitcoin was priced at $ 6000, but now it costs $ 8300. Bitcoin prices change every day, and value increases every day, which proves to be a great option to replace Gold and USD. However, Bitcoin has a high value and high volatility, so the risk is higher than Gold and USD.

Bitcoin will certainly be better than USD while the USD is inflated, affected by the financial crisis and many other impacts, the infinite supply of USD makes it easy to inflation. Bitcoin, by contrast, is showing the future of human wisdom, with finite supply and many other advantages in trading.

Yes. There's no point in comparing them because all of them are useful and are beneficial in meeting our daily needs. Bitcoin may have the biggest value when it comes to its price but we cannot fully spend it unless when we convert it first to fiat currencies. I think that's the biggest difference compared to usd and gold wherein you can make them as a mode of payment because they are legally accepted by the government.

Bitcoin, gold, and or dollar are three different entity. They have their own characteristic and existence. So there is no point in comparing them because each one of them is unique on their own. Only thing is these three has a weak point and the weakest lies in one of them, maybe it's the dollar.

No comparison for them because they stay diffently with one another. They have all performed in their own ways. Gold in the past was all and all but the whole recognition has gone to bitcoin. We should be happy is happening in this era.

All know cryptocurrency like Bitcoin is currently higher in price, than 1 gram of gold, the more sophisticated the world the more opportunities in investment.
That investment does not have to be currency or gold, bitcoin can also have promising benefits.

People have been debating about this for years already.
They always compare Bitcoin with other currency which I believe is unfair in both parties. They have their own characteristics so I don't think it's justifiable to compare them.
Either gold, Btc or Usd is profitable and is a great currency.

I coupdn't tell which is better, but certainly one is always the lesser evil than the other. These three things excel in their own respective field and therefore have their own different uses. Speculative, I'll stick to bitcoin. Storage of value, gold. Fast transaction with physical stores: fiat. It all boils down to how would one use each in different scenarios, and if you think about it, not one of these is ever above all the three as they have their strengths and weaknesses.

My question is that Bitcoin Gold and USD are used in these three different areas. So how are they compared? Yes, Bitcoin is a much more effective crypto currency that is being used much more now. Bitcoin is now being used in many countries. But I still think Bitcoin was not so popular like USD and Gold.

GOLD
- Have value and will always have
- Can be used to make jewelries, etc.
- Price more likely stable
- May used as a mode of payment
- Limited supply but still can't predict how many golds left

USD
- Worlds most recognized currency
- Can be used as a payment
- Can create more and more paper money
- Can be considered as a stable money

Bitcoin
- Online money
- Limited resources
- Anonymous transaction
- Volatile price

As you can see they have their own uses, advantages and disadvantages. They have their own uses as well and their own values, there's no need to compare them all.