May be not, they are completely different things. Have you ever seen the prices of bitcoin and gold throughout last five years. Bitcoin surpassed the prices of every asset in the world within few years of time. The gold which we using since long time still not having that much market evolution as bitcoin did in such short period. I'm sure the case will never reverse itself in the long run too. With so many investors switching from gold to bitcoin will lead to more concrete returns to crypto currency lovers.
Topic: Bitcoin is comparable to gold (Read 1125 times)
According to me Bitcoin is compared to gold because of the two reasons; first it is limited in nature as gold making both of them a limited commodity and second which is effect of first point is rising price over the time making both of them best investment over period of time. Due to this Bitcoin is also known as digital gold, because investment in Bitcoin is seen more profitable over a short span of time. But gold prices are still controllable by government or agencies in one form or other but Bitcoin is purely a decentralized system.
This is not so obvious and the comparison is like in earth and sky. :-) The earth is obviously gold and sky is the bitcoin. I'm dam sure this race will be indifferent than anything or any asset in the world and stocks. Gold is centralised and bitcoin is decentralised that everyone knows and hence they are not controversial to compare each other.
Gold is not attracting now a days latest digital currency is on the top and almost every one wants to invest on bitcoin instead of Gold because bitcoin is more profitable coin instead of any other thing, Bitcoin price was few months before and bitcoin latest price shows you the difference and get your attraction.
I think bitcoin is better than gold at the moment ! As I can see , bitcoin demand and value gain some significant amount recently.
For now , bitcoin value keep increase and it's reach another highest record since bitcoin exist over 7 year.
~Bitcoin is more than a Gold
For now , bitcoin value keep increase and it's reach another highest record since bitcoin exist over 7 year.
~Bitcoin is more than a Gold
yes i agree with the point that bitcoin is better than gold. because world are developing very fast and with that development everything with time are changing. just like in past people used gold for trading and investing because at that time gold was the best choice due to its high rate but now a days bitcoin is more high and interested than gold.
I think bitcoin is better than gold at the moment ! As I can see , bitcoin demand and value gain some significant amount recently.
For now , bitcoin value keep increase and it's reach another highest record since bitcoin exist over 7 year.
~Bitcoin is more than a Gold
For now , bitcoin value keep increase and it's reach another highest record since bitcoin exist over 7 year.
~Bitcoin is more than a Gold
we only invest in gold when we need a long term investment, however, investing in gold is slower than bitcoin, one thing is bitcoin has very high interest. so we can not compare gold to bitcoin.
For me bitcoin will more profitable more than gold. Because every year bitcoin increase faster than gold.
So bitcoin better than gold for investment.
So bitcoin better than gold for investment.
Now Bitcoin really can be compared with gold in the sense that he gradually loses the feature of the payment function because of the high transaction costs and high rate of his course and acquires the value storage function. This is how it becomes like digital gold. This function is also facilitated by a limited number of bitcoin mining - 21 million.
Gold in itself is good for long term investment. Slow and steady. Bitcoin price will grow at a much faster rate. One thing to note is we never know what could happen to bitcoin 10 or 15 years from now. Gold will be a much higher price then.
Gold has already established its market all over the world while bitcoin still on the fluctuating period which price was not yet stable, the reason why gold is compared to bitcoin is because of the investing idea which both of them offered to people they are both highly appreciated and at this point bitcoin has superseed the value of gold in the market .
If we see in terms of profit of course bitcoin better than gold, but when viewed from the market cap then the gold is still the biggest and difficult to beat bitcoin, but the thing that appeals to me is a lot of people who divert investments from gold to bitcoin.
I think its too early for me to say that bitcoin is comparable to gold. Gold has been there as universal currency/asset and stood for thousands of years. It has been one of the most important currencies used thougout time and its value is ever strong and stable anywhere in the world. Bitcoin has just emerged and has very volatile and unstable state, maybe I still have to see maybe 100 years.or more if bitcoin is still alive and then say its really comparable to gold.
Comparison between gold and the bitcoin, gold price was steady maybe it takes a few years that to increase price. Also gold manipulate by our government which is we don't have a freedom unlike bitcoin fastly moving up their pricing value and more profitable by year maybe triple your income when you invest here in bitcoin compare to gold which is long term profit.
if arguably comparable to gold maybe belom can be aligned with gold ... but still there is a possibility in the future or in the near future could be gold parallel to bitcoin ... so the followers of bitcoin need not worry and do not have to think about bitcoin and gold is comparable. ...
Bitcoin and gold comparison is going on from many years and bitcoin has been always proved more profitable than gold and now its price is also more than gold value and its price is increasing daily. bitcoin investment can give you instant and huge conform profit and we can also hold it but gold has a very high price increase rate and a normal person cannot buy large amount of it and wait for minium 10 years to double his money instade it is better to invest in bitcoin and get instant profit and withdraw when ever needed.
Yet you could say that Bitcoin is comparable to Gold but they're both really different in terms of their characteristics. Gold is a physical asset and Bitcoin is a digital asset but their price is far more bigger in difference. And i think Bitcoin will gonna surpass the price of Gold but we can't deny the fact that Gold is a big asset in our technology, so does Bitcoin too.
Bitcoin cannot be compared to gold. Though bitcoin's price is high today, it is still to volatile. The price of gold is increasing constantly through time since it was used as an exchange for goods in the past. The strength of the price of gold cannot be compared to the volatile bitcoin. Gold has more value than bitcoin.
The bitcoin is an electronic asset mean time gold is a physical asset. Bitcoin is a digital creation, created by open source software that
mines for new bitcoin. Bitcoin is a hard investment commodity now since the market prices are shooting up day by day. Gold and bitcoin together might have some role in future.Gold is a stable store of value, the stability of gold value for pricing and long term contracts such as loans or employment agreement. One popular use of bitcoin has been for long distance transaction from immigrant workers back to their families at home in other country. In the past the required services like Western Union charge big fee .Bit coin can work well for small transactions. To my view gold can be used as a saving account and bitcoin as a checking account.
My opinion bitcoin is better than gold now why-not we can see that now a time bitcoin price is high valuable. And gold price is low. So I think bitcoin is better than gold.
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