Topic: Bitcoin is worth more use of gold? - page 5. (Read 2389 times)
Gold is always good. but I think, Bitcoin is better than gold. because you can use Bitcoin any time. and it's transaction is fast. you can easily exchange it very short time. but you never exchange gold any time. then Bitcoin is great Platform for every investment. Bitcoin value is increasing day by day. so Bitcoin is better than gold.
Still bitcoin became more stable, like gold - I would be happy in general
I agree with you that it is true that your word bitcoin is equivalent to gold so the same can be invested in gold in the old way and bitcoin with current technology or modern methods is very profitable for me
In my opinion, it is true that gold is the most valuable asset for people in a country. But in reality bitcoin is more profitable than gold. Emas is weighted by its weight of gram, while bitcoin is measured by size by the user base, trader, and beginning. currency, bitcoin value only comes in direct from the person willing to accept it as payment.
Apart from the the hype,bitcoin is worth more than gold,there are basic features of money, which bitcoin posses,like it can be accepted worldwide, almost every common man can use it,but gold,its only for the rich,and how many common man can afford or be able to process gold?..the store of value simply means how often its something needed for use,bitcoin is..I can use for my airtime and data,while gold can't do that,directly..
Bitcoin is same as gold they are truly the longer is takes the Highers is stakes
Of course Bitcoin is far more better than gold. Day by day it's demand is increasing. Once its was an unknown thing but it's now many of people know about it's existence.
Crypto currency is a good way of transiting money. Not only that as it's value always flactuat so many use it as an asset.
Crypto currency is a good way of transiting money. Not only that as it's value always flactuat so many use it as an asset.
Actually what Krugman said is true, the biggest problem in bitcoin is the transaction fees.
If the fee of bitcoin can be reduced than currently, many peoples won't afraid to lose their money when using it as a daily currency.
If the fee of bitcoin can be reduced than currently, many peoples won't afraid to lose their money when using it as a daily currency.
Krugman is talking out of his ass, like most of the people who does not regularly use Bitcoin as a payment option. Since the introduction of SegWit and also the Lightning Network, high fees has not been an issue. People like him most probably are still using legacy addresses and high fee setting to transfer bitcoins or to do payment.
Someone should demonstrate to these people how fast and cheap Bitcoin is, with SegWit to SegWit transfers and better yet, the Lightning Network.
I think Gold and Bitcoin are two separate entities and stores of value. Bitcoin has technology that can be applied to many things as it is an open sourced accounting / decentralized ledger. Gold is rock that can be made into jewelry and warn by people, so their innate uses are so different. What they do have in common is that they are limited supply and can also be used as a store of value and as money and can be transferred to different parties as and when needed. They both differ, yet have some properties in common.
I never understood the comparison between two things. On one hand we have gold which is being used over thousands of years to trade among the valuable stuff and also use it as ornaments, jewellery, studding the crowns and much more you name it. With the advances it is being used in the CPU's for better processing and now in the Quantum computing too. Thats the Gold, getting its value from the real world application and off course the demand of it being the rare metal.
Bitcoin on the other hand, is all new technology and without any physical form, works on different virtual reality with no real use in the real life ! Sounds like completely different lower hand which has gotten its value because of overhyped investment into it!! Now, I dont understand why we should compare them.
Bitcoin on the other hand, is all new technology and without any physical form, works on different virtual reality with no real use in the real life ! Sounds like completely different lower hand which has gotten its value because of overhyped investment into it!! Now, I dont understand why we should compare them.
Gold is very valuable for those who understand in everyday life, many of them collect gold rather than for business.
Wherever gold is, many people look for it.
Bitcoin is also valuable for us crypto holders, and this is the bitcoin field that is able to strike the world with fantastic value.
Bitcoin is also a lot that collects for the future of life, and has fantastic value, even though the market price is unstable but many will dig it in their own ways.
Wherever gold is, many people look for it.
Bitcoin is also valuable for us crypto holders, and this is the bitcoin field that is able to strike the world with fantastic value.
Bitcoin is also a lot that collects for the future of life, and has fantastic value, even though the market price is unstable but many will dig it in their own ways.
I think in terms of the number of users/owners of Gold and bitcoin, that of bitcoin should be more. I take my analysis from the levels of people who use both.
For Gold, it is usually the wealthy's pride. Gold is mostly used by the rich who see it as a store of value and class. But, bitcoin is not a class commodity, every strata of human community, society and persons can have access to it.
The popularity of bitcoin is more because it also plays a dual role of store house for affluence and also for payment purposes.
However as a comparison everyones know the value of gold, so as they made a gold as a benchmark of one's wealth. Sure enough, they will find various ways to try and get a gold as a place of investment or jewelry that he uses to show someone that he has a wealth. The popularity of gold has been comprehensive, there is no one that didn't know about gold. For Gold, it is usually the wealthy's pride. Gold is mostly used by the rich who see it as a store of value and class. But, bitcoin is not a class commodity, every strata of human community, society and persons can have access to it.
The popularity of bitcoin is more because it also plays a dual role of store house for affluence and also for payment purposes.
Bitcoin, the new technologi which can juxtaposed with gold, and even the user of bitcoin will as a digital gold. Someone can buy bitcoin with anything money they have, although they have $10. But I don't think everyone who know about bitcoin firstly they will self-acting to buy bitcoin. I just need convey to you, the user gold is more than with the user of gold now.
Actually what Krugman said is true, the biggest problem in bitcoin is the transaction fees.
If the fee of bitcoin can be reduced than currently, many peoples won't afraid to lose their money when using it as a daily currency.
If the fee of bitcoin can be reduced than currently, many peoples won't afraid to lose their money when using it as a daily currency.
I think the both of the worth more because bitcoin is worth to be invest on so also gold, but to me i prefer bitcoin to gold because it perform double functions, bitcoin can be store as an asset and can also be used for payment that is why bitcoin worth to invest on.
I don't think that there will be imbalance between the worth of gold and bitcoin, but what I do think is that bitcoin is more flexible and can be used in many ways unlike gold.
I think the world is moving towards digital money, because it is all connected with the Internet and automation of all processes
Economist Paul Krugman says that the exploitation of Bitcoin uses a lot of electrical energy, but the largest codified currency is worth more than gold
At ChainXChange, a recent blockchain conference in Las Vegas, Krugman joined co-founder of Fundstrat Tom Lee and chief marketing strategist for Ripple Cory Johnson in a discussion about the future of money. bad
From the beginning, economist Paul Krugman acknowledged that he did not have a holistic view of the pre-coding industry, but rather focused on how to operate. of Bitcoin.
Krugman says:
Bitcoin and gold
Krugman later said that despite his interest in exploiting Bitcoin, he used a lot of electrical energy, but the largest codified currency was worth more than gold .
When compared to Bitcoin 's use of prepaid currencies, Krugman says the biggest problem is the transaction cost used to transfer BTCs from electronic wallets. He believes that if these costs were cut, it would probably wipe out his previous preconceptions about coding.
Krugman recently wrote a New York Times article titled Transaction Costs and Tethers: Why I'm a Crypto Skeptic: Why I'm a Nostalgic money coding). In that article, he argued that Bitcoin and all other coded currencies still need a lot of effort to prove their worth to the community in their daily lives.
The potential impact of smart contracts on life is very high. Along with other aspects of the blockchain that this type of technology is considered to be the new revolution, Krugman says he has absolutely no idea whatsoever about stereotypes of currency substitution.
Yes bitcoin being decentralised currency different wallets charge more fee which sometimes make bitcoin as non economical to users. At ChainXChange, a recent blockchain conference in Las Vegas, Krugman joined co-founder of Fundstrat Tom Lee and chief marketing strategist for Ripple Cory Johnson in a discussion about the future of money. bad
From the beginning, economist Paul Krugman acknowledged that he did not have a holistic view of the pre-coding industry, but rather focused on how to operate. of Bitcoin.
Krugman says:
Quote
Bitcoin is the only thing that I only understand partially
Bitcoin and gold
Krugman later said that despite his interest in exploiting Bitcoin, he used a lot of electrical energy, but the largest codified currency was worth more than gold .
Quote
Gold is dead ... Bitcoin is worth more than gold. It has more opportunities to increase value in the future
When compared to Bitcoin 's use of prepaid currencies, Krugman says the biggest problem is the transaction cost used to transfer BTCs from electronic wallets. He believes that if these costs were cut, it would probably wipe out his previous preconceptions about coding.
Krugman recently wrote a New York Times article titled Transaction Costs and Tethers: Why I'm a Crypto Skeptic: Why I'm a Nostalgic money coding). In that article, he argued that Bitcoin and all other coded currencies still need a lot of effort to prove their worth to the community in their daily lives.
Quote
Actually, eight years after the advent of Bitcoin, codenamed codenames have taken a real leap into the commercial market. Some companies will accept them as a form of payment, but in my opinion this is just more of a sign of real usefulness in life. Look at me, this is a great technology excellence. Predictive currencies have a huge market value but they are still considered as a speculative play, not because they are of value for convenience in terms of easy exchange.
The potential impact of smart contracts on life is very high. Along with other aspects of the blockchain that this type of technology is considered to be the new revolution, Krugman says he has absolutely no idea whatsoever about stereotypes of currency substitution.
I think that virtual currency can not be more valuable and more expensive than what is in the bowels of the earth. It will always be more valuable to be valued
Still bitcoin became more stable, like gold - I would be happy in general
Its good that bitcoin more use of gold many people are glad if they found out, the gold are need to make an expensive things and sometimes it is used to buy things that you need and wants, bitcoin more worthier when we use gold and our we earn more profit.
Due to huge volatility, currently maybe not, but long term it deffinitely has a better potential. Has plenty of benefits compared to the gold (storing, transactions, etc.)
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