Topic: Bitcoin is worth more use of gold? - page 6. (Read 2389 times)
Bith Bitcoin and Gold are useful, it is just about the trend. Previously, before coming the Crypto/Bitcoin, gold was becoming a trend of investment, despite other investment such as real estate, land etc. Those are profitable for future investment and has low risks. Now, bitcoin is coming as the new trend, it is not only about investment, it is such as money industry using blockchain technology and it offers a lot of advantages. Now people prefer to invest in Bitcoin because the potential is huge and higher than real investment such as Gold.
I associate bitcoin with a new, high-tech gold, which is easier to operate than a little. I think this is the future.
I also admit that bitcoin has more value than gold, we can see that bitcoin is so valuable that many people want to mine bitcoin. With the technology currently mining bitcoin is one of the best steps in getting it.
Yes bitcoin worth more than Gold...
if we compare bitcoin with gold then it will be easy for us to difference between them is easy and for now the bitcoin is more worthy than gold because the gold usage is now less and bitcoin confidence is more so it's use is high in the crypto world. Those who believes that gold is better they will soon come to the crypto and it's features are more than other currency.
actually gold has a ton of different usages, i don't know why you say "gold usage is now less"! bitcoin is only a currency with some side smaller use cases. that is why bitcoin and gold has nothing in common and should not even be compared in first place.
besides gold having or not having usages has nothing to do with bitcoin being good.
if we compare bitcoin with gold then it will be easy for us to difference between them is easy and for now the bitcoin is more worthy than gold because the gold usage is now less and bitcoin confidence is more so it's use is high in the crypto world. Those who believes that gold is better they will soon come to the crypto and it's features are more than other currency.
The only thing that turns me off about Gold investment is the "centralized" ownership if you use trading tools like Gold ETFs to trade in Gold. I prefer to own the physical Gold, but it is very impractical to own physical Gold. You need extra security to safeguard it and Gold is very heavy, so you cannot move it from one country to the next in 5 minutes.
I can quickly shift millions of dollars worth of bitcoins in 5 minutes to any country in the world. Why would I need to invest in physical Gold, if I cannot quickly relocate to another country, without restrictions.
I can quickly shift millions of dollars worth of bitcoins in 5 minutes to any country in the world. Why would I need to invest in physical Gold, if I cannot quickly relocate to another country, without restrictions.
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.
in my opinion the value of gold will not die because before there was bitcoin or cryptocurrencies other gold first mastered the price and value in my opinion the point is that many people already know gold while cryptocurrencies are still in the development stage of recognition of everyone 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.
Yes gold is very important as it work at a stabilization and reference value for many investing markets and furthermore the countries. It is for me very unlikely that it will disappear as a reference money and value.
But in day to day operation but also in accessibility for most of the people BTC is yes worth than gold.
It is easier to buy, universal price for everybody and everywhere, no storage trouble because even if you buy gold paper action it is really store somewhere, no subject to potential stop of mining as the mines could be empty...
Gold is the star of the money as btc is the star of crypto money !
But in day to day operation but also in accessibility for most of the people BTC is yes worth than gold.
It is easier to buy, universal price for everybody and everywhere, no storage trouble because even if you buy gold paper action it is really store somewhere, no subject to potential stop of mining as the mines could be empty...
Gold is the star of the money as btc is the star of crypto money !
Although bitcoin characteristics is like gold but bitcoin has no intrinsic value. Gold is still become the most precious metal in this world. A lot of countries are silently hoarding gold. So I don't agree with your statement.
Yes, I think Bitcoin is more useful than gold, for example :
in transactions Bitcoin more simple than gold, Using Bitcoin all people can make a transactions only 1-5 minute.
Bitcoin simple, secure and fast than gold
In my opinion if investment in gold is good for those who already have a lot of money, but will be smarter if their funds are put on bitcoin, because bitcoin can be faster in the shipping process, and the price is really attractive from the lower classes to the rich in transactions Bitcoin more simple than gold, Using Bitcoin all people can make a transactions only 1-5 minute.
Bitcoin simple, secure and fast than gold
The fact that bitcoin is far more risky than gold because it has the greatest chance that its value will be discarded so many times when gold is still in the same value and rises more in the coming days. However, there are facts and beliefs that bitcoin is far more valuable than gold because it really has the ability to provide more benefits and opportunities to people especially when it comes to financial aspects. so they have advantages and disadvantages of each.
Bitcoin had now multiple use in the internet or in the cryptoworld but ,if it will be compared to gold ,it is not forever, gold is an investments of a lifetime , because anytime you use it ,it will have the value of that era ,if you will keep it ,gold will last forever until such time you will sell it or dispose, this characteristics bitcoin can not have thsn gold.
Economist Paul Krugman, apparently not only does not understand bitcoin, he still does not understand anything in the economy, since he says that gold is dead. How can this be said about the established for millennia established system of values, which is gold. Gold has always been, is and will be an excellent measure of value and a repository of value.
As my aspect, Gold is the best valuable metal except from diamonds. And, now, in the world,, there are still a huge of gold which either had been mined or had never mined. Moreover, Gold is visual thing and Bitcoin is not. So, it is safer to use Gold than Bitcoin. Of course, Bitcoin is never worth more use of Gold.
There's a little bit of comparison but whether we admit or not we can't be biased because gold is far way better than bitcoin. Gold is still valuable that bitcoin since it can be used in different ways. We all know that bitcoin has limited use only. I'm still rooting for gold over bitcoin because for me they can't be compared.
Entirely, I think Bitcoin is worth more use of Bitcoin. First of all, the value of Bitcoin is much more expensive than that of Gold. Secondly, that bitcoin is in transactions will be faster than Gold. Thirdly, there are many ways to store and protect Bitcoin against the thieves. Finally, Gold is finite but Bitcoin is infinite.
As far as I concerned, Gold is a type of natural resources which owns much values. However, Gold is finite. When people run out of Gold in the future, they must find the substitue themselves in order to trade and store their assets. And, it's Bitcoin. Nevertheness, I can not say that Bitcoin is worth more use of gold because each of us also has different functions. Therefore, it's up to using purpose, we should choose properly.
As my aspect, Gold is the best valuable metal except from diamonds. And, now, in the world,, there are still a huge of gold which either had been mined or had never mined. Moreover, Gold is visual thing and Bitcoin is not. So, it is safer to use Gold than Bitcoin. Of course, Bitcoin is never worth more use of Gold.
of course, bitcoin is way more value than gold, it was 20,000us in late of 2017. now it's down, but still good value
If you are a computer literate person you should provably would understand a few thing or two about bitcoin mining and everything that involve in earning it, But for us it is pretty obvious that it is hard for us to mine gold, get what I am saying? I really think the mechanics in getting bitcoin is full automated but sure we can understand the needs in mining it, But for gold diggers this is a different story, And decause there are fewer miners now that in the past I really think it is not our forte to really mine gold and Mr. krugman will surely take mining bitcoin than gold more understandable for him.
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