Topic: Bitcoin VS. GOLD - page 26. (Read 4308 times)

Can you pay with GOLD in a convenient way around the globe? I think not. Only this advantage make Bitcoin better than gold.

I prefer to have bitcoin and bitcoin trading instead of having a very clear gold total bitcoin supply less than gold not only that bitcoin also has a very high demand which obviously can make the bitcoin price becomes very expensive because the more it is hard to get it will become very expensive.

There are very few places in the world where gold can be accepted as payment. This is due to the fact that gold will need to be checked, provided for protection and insurance. All this is an additional cost that does not cost such a cost and a headache. The smallest unit of gold is a gram, it is simply impossible to divide it into smaller parts, which leads to the fact that it is unprofitable to use and accept as payment means.
Bitcoin is taken around the world. With every day of its reception, including exchangers and working with coins of banks, it becomes more and more. At the moment, there is clearly a tendency when organizations do not want to miss the opportunity to follow the technologies introduced in the field of commerce. Blockchain is just the innovation that will accompany the new generation. The adoption of crypto currency is further strengthened by the fact that the market shows steady growth and gives grounds for expectations of growth in its price.
Now it's up to large trading floors and large business centers, such as Wall Street. As soon as big "purses" look in the direction of the crypto currency and start making large investments in it, everyone will immediately follow them and the domino effect will work, which will give the coins even greater popularity and introduce them into a large-scale turnover. Likewise, it was with credit cards - those who ignored the upcoming changes, lost whole states.

BITCOIN is the only digital currency on the internet but its real value, bitcoin price is very fluctuation can rise and fall at any time, GOLD a real item we can hold it, gold has a good price in the market its price is very stable

no, bitcoin and gold are two different thing. they can't replace eachother
and when there is a war, gold should be more valuable than bitcoin.

Amid the war, even gold loses its esteem. At the very least circumstances for a man, the most dependable was dependably deal, the most widely recognized things and items. I question that amid the war the part of the digital money will increment. Regardless, amid this agitated time, the part of gold will be considerably higher than the Crypto-money. In the event that a cutting edge war starts, at that point the inquiry is whether the Internet and every single high innovation will work at that point. This is all thinking from the situation of an agreeable condo. In life it will be totally extraordinary.

The gold and the bitcoin have unique, the two can increase the rate every year and we hold and store on most secure place. the main magnificence in gold the value not drop speedier but rather the bitcoin is the feasters it increases the value. Concerning the utilization of them, the bitcoin is the more use like pay charge on the online store and some store accept the bitcoin as payment and the bitcoin can send straightforward and simple and quicker. We can utilize the gold just in a couple of exchanges. It depends to you which one you will be decision.

I think in future there is a possiblity that bitcoin become more valuable and can replace gold. When bitcoin will rise like in the past year, its possible that bitcoin will be worth over hundred thousand of dollars in some years. So owning bitcoin become somethin very rare. And it could be replace gold, because its more valuable,you can controll it and easier to transfer. For me gold is the biggest bubble in history of manking. Its just a useless piece of rock.

During the war, even gold loses its value. At the worst times for a person, the most reliable was always barter, the most common things and products. I doubt that during the war the role of the crypto currency will increase. In any case, during this troubled time, the role of gold will be much higher than the Crypto-currency. If a modern war begins, then the question is whether the Internet and all high technologies will work then. This is all reasoning from the position of a comfortable apartment. In life it will be completely different.

They're both stores of value and not overly convenient to use for productivity. Bitcoin is not the fastest nor cheapest bitcoin to use for transactions, and gold is not the best material for building - you'd use it for jewellery, circuitry and dentistry but you wouldn't build a house with it. They are both valuable because they're somewhat scarce everyone agrees that they're valuable. Imagine trying to convince someone 2700 years ago that a shiny rock was worth the equivalent of a pig or a bag of rice. You can't eat gold or use it for survival, but it was used as a currency because everyone agreed it held value.

To answer your question, both are stores of value, however I would be buying Bitcoin ahead of gold.

for me bitcoin will choose to buy even fast before the bitcoin price depends on the demand if lots of bitcoin buying increases the price of bitcoin and if many people recognize bitcoin or around the world it is sure they will be interested and buy it

While researching and investing in Bitcoin, I think, if you want your savings less volatile then you should choose gold. The value of Bitcoin depends on the dollar. Currently, the US dollar is on the downward trend due to increased paper money production. If you are willing to take the risk to get the most out of your financial resources, choose Bitcoin.

This had long been argued and I think bitcoin had left gold behind for a while until the new year dump which would recover after a while. They are no more competitor as asset.

I personally am playing the alts to make some cash and then get out.  Not going to act like btc will ever be more legitamate and as safe as gold.

The bitcoin is more attractive than gold, since the crypto-currency "extracted" with the help of a number of computers performing complex calculations is more mobile than gold and easier to divide.

Investor Cameron Winklewoss, considered one of the first crypto-currency billionaires, appreciated the prospects of bitcoin.
In his opinion, the Crypto currency will rise in price by at least 20 times and will compete with gold.

Whatever you choose between those two income will be income if you know how to manage your money with your investment, if you choose bitcoin over gold because your a good trader then its good because with your actual skill then you may earn bigger than investing on gold and vice versa.

I don't think bitcoin will replace gold. Gold is a heavy metal, and its value is recognized by all countries around the world, and bitcoin is only a digital currency, which is recognized by some people. I think bitcoin and gold are two very different things.

Bitcoin because bitcoin is the digital currency and gold is physical.
Gold can stolen by anybody but bitcoin not.
Gold have high making charge and less resale value, no regular income and storage problem.

Many of the same features that make gold so valuable, also make Bitcoin valuable. First, and perhaps most importantly, like gold there is a limited supply of BTC. While governments can continually print up cash and use quantitative easing to add trillions of dollars to the money supply, only 21 million Bitcoins can ever be mined. After that 21 million mark is hit, no more digital coins can ever be produced, though it’s believed that this hard limit won’t be reached until sometime around 2140.
Limited supply is especially valuable because it protects against inflation. While governments have a tendency to print money when they suffer tough economic times, Bitcoin will never face a similar scenario. If money supply does not increase, then generally speaking the risk of inflation is much lower. Gold’s limited supply, for example, has long been one of its most valuable traits and helps explain the metal’s position as a safe haven, and previous the commodity of choice for backing currencies. Bitcoin’s limited supply should make it similarly attractive.