Topic: Bitcoin VS. GOLD - page 28. (Read 4308 times)
Gold is obtained through physical mining but Bitcoin is obtained through virtual mining as special computer encryptions. Similarity between Gold and Bitcoin is both are available in limited quantity. Bitcoin have no comparison with gold even it will never replace the gold because it still poses a great deal of financial risk subject to market.In most of the countries the status of bitcoin is still undefined but its not in case of gold. Bitcoin needs to be address in term of security and sustainability.
no way to compare between bitcoin and gold , you compare a cryptocurrency with a real object . Don't forget that Gold can't lose its importance .
Will the bitcoin replace the Gold? If there is A war coming everyone will run to the Bitcoin instead of the gold?
Some analyst say that in 5 years BTC will be less than $100 while GOLD will be above 10K, your thoghts?
I did my risk mangment and split my investments, boght PAX coin to be on the safe side.
link for more info: https://payperex.com
What to choose - gold or bitcoin during the war, depends on many factors. If the war is local, it is almost the same: gold can be turned into non-cash money and withdrawn from the country. If the war is global, then I would prefer gold, because in such conditions the Internet can already be turned off, and gold has always been and will be a commodity for all cataclysms. In this regard, their financial assets must be kept in bitcoin and gold. Relying on one thing would be a mistake. Some analyst say that in 5 years BTC will be less than $100 while GOLD will be above 10K, your thoghts?
I did my risk mangment and split my investments, boght PAX coin to be on the safe side.
link for more info: https://payperex.com
Bitcoin is the king of crypto currency which price is $8K now.Bitcoin has given me so much profits in last year and still I am getting profits from bitcoin.Gold is also profitable but bitcoin is more secure than Gold.So I will choose Bitcoin over gold.
Will the bitcoin replace the Gold? If there is A war coming everyone will run to the Bitcoin instead of the gold?
Some analyst say that in 5 years BTC will be less than $100 while GOLD will be above 10K, your thoghts?
I did my risk mangment and split my investments, boght PAX coin to be on the safe side.
link for more info: https://payperex.com
Some analyst say that in 5 years BTC will be less than $100 while GOLD will be above 10K, your thoghts?
I did my risk mangment and split my investments, boght PAX coin to be on the safe side.
link for more info: https://payperex.com
the gold price is more stable, but bitcoin has a greater potential to grow and increase in value, so I prefer the bitcoin whose price can rise high.
I belife bitcoin will replace the Gold. The only reason for gold increased in price is that people simply believe in gold. Many people believe that fiat currencies will eventually collapse and bitcoin is much more convenient to use.
Bitcoin investments is more volatile than gold investments and the risks involved with gold investments are way less than those involved with bitcoin investments which is why gold appeals to people more. They know that even if the percentage of ROI is much smaller compared to that of bitcoin, their money are more safe because bitcoin price is obviously more volatile.
I believe in bitcoin. It is traditional usd in cryptocurrency and it will be used for a very long time.
No, gold is a physical thing you can hold in your hand. Bitcoin is electronic data. It is stored on the blockchain for everyone to see. Everyone cannot see all the gold. The blockchain cannot be manipulated unless there is someone who controls over 51% of the mining power. Gold can be melted and turned into other material. Both are hard to change. Gold and Bitcoin are similar in some regards, but also very different.
There is always a war somewhere, but I don't believe it has any effect on whether people want gold or bitcoin.
There are some similarities and differences between gold and bitcoin, But both are considered to be a good choice to store your wealth through investment, because both are really so valuable. Gold has been a store of value for a very long period of time, it is a finite deposit, but unknown in terms of the exact quantity. Bitcoin is a non tangible, but consider as valuable and done electronically. There is always a war somewhere, but I don't believe it has any effect on whether people want gold or bitcoin.
Bitcoin and gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold. But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.
Bitcoin and gold are two different entities as you have mentioned gold is physical which has been there for ages and will be there forever and bitcoin is completely digital and without internet we cannot use bitcoin hence there is no comparison between these two.
In my mind, it is a full nonsence to make any bold predictions about a possible market expulsion of gold by BTC. Don't be blind, and overexcited about BTC role in foreseeable future. Global financial sphere and its main players are very conservative, and gold will continue to play its leading role as a major savings' tool and a "safe haven" (but not as a payment tool), especially during economic crisis periods or in developing countries. Though current investments in BTC are far more profitable than in gold, now Bitcoin is a purely speculative and officially unrecognized asset that unfortunately still has no practical use. BTC are based primarily on bull expectations of a majority of its investors and, especially, its main market-movers (so called "whales"). It is too early to underline a longterm investment and financial reliability of BTC, only time will prove it. Just remeber how BTC reacts on any FUD and artificial information attacks, not to mention strong risks such as potential strong restrictions or its prohibition by leading states, severe hacking attacks, etc. (in that case BTC price will collapse for sure).
Bitcoin and gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold. But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.
The last block will be mined in 2140, and it is difficult to imagine that Bitcoin is going to survive for that long. IMO, by 2030 supercomputers will be able to crack the private keys of Bitcoin wallets. It is expected though, as digital assets hardly survive for more than 20 years. But since gold is a physical asset, it will be in existence even by 2140.
Why don't you think that together with those supercomputers won't be invented new super protected wallets? Now, speed of technological progress is very high and every one first of all pays attention to his security. Especially crypto traders, they have huge amount of different coins and don’t want to lose them, but to increase.
Yeah, I know all that about last block. I understand that till 2140 everything can change several times but I like crypto, so want to believe it will survive.
Bitcoin and gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold. But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.
Bitcoin and gold are two different entities as you have mentioned gold is physical which has been there for ages and will be there forever and bitcoin is completely digital and without internet we cannot use bitcoin hence there is no comparison between these two.
Bitcoin and gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold. But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.
Bitcoin and gold are two different entities as you have mentioned gold is physical which has been there for ages and will be there forever and bitcoin is completely digital and without internet we cannot use bitcoin hence there is no comparison between these two.
Bitcoin and gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold. But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.
When the last block will be mined - we all will be dead, then just relax. The last block will be mined in 2140 year. >120 year from current moment.
there is no equivalent in gold because it lasts and increases in value.
Unlike bitcoin like roller coaster flap,
Unlike bitcoin like roller coaster flap,
Bitcoin and gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold. But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.
The last block will be mined in 2140, and it is difficult to imagine that Bitcoin is going to survive for that long. IMO, by 2030 supercomputers will be able to crack the private keys of Bitcoin wallets. It is expected though, as digital assets hardly survive for more than 20 years. But since gold is a physical asset, it will be in existence even by 2140.
Bitcoin and gold are different! It is spoken, when the last block will be mined bitcoin will become a digital gold. But the main thing that differs bitcoin from gold is that: no Internet and electricity - no money. But gold is material. It won't vanish because of such factors.
It depends on what kind of war it will be. If you destroy and the Internet then physical gold is better, in this case. If war does not leave consequences for the Internet then bitcoin is better, so you need 50% gold and 50% bitcoin to storage
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