Topic: Bitcoin VS. GOLD - page 3. (Read 4308 times)
I think as bitcoin has more value then the gold as the one who buy bitcoin has more chances to make more money where as the one who buy the gold there are very less chance of the price of the gold will increase. But both the thing have there own demand and value
Gold:
Monetry value = scarce, fungible, decent medium of exchange, potential unit of account.
Utility value = good at making physical jewlery (malleable)
Bitcoin:
Monetary value = scarce, fungible, excellent medium of exchange, potential unit of account.
Utility value = ability to record data in a global immutable encodable ledger (single source of truth)
For the people who understand golds potential but discount bitcoins. Realise that in an increasingly globalised and digital world, immutable uncorruptable record keeping is much more valuable than the ability to make jewlery.
Monetry value = scarce, fungible, decent medium of exchange, potential unit of account.
Utility value = good at making physical jewlery (malleable)
Bitcoin:
Monetary value = scarce, fungible, excellent medium of exchange, potential unit of account.
Utility value = ability to record data in a global immutable encodable ledger (single source of truth)
For the people who understand golds potential but discount bitcoins. Realise that in an increasingly globalised and digital world, immutable uncorruptable record keeping is much more valuable than the ability to make jewlery.
Gold is for decoration and this only because its rare. if tomorrow someone would make it possible to artificially create gold (as far as i know possible but economical nonsense so far) for an affordable price, gifting your girlfriend a gold necklace is suddenly not so special anymore. so it would lose most likely its value by 99.9%.
that means, that the artificial gold creating business is a short lived one that will destroy itself.
bitcoin, as useless as gold, can not be artificially created and suddenly a massive amount of reserve found (lets say, under the arctic ice).
bitcoin has only the purpose to store value and its perfectly desinged for this.
so bitcoin is essentially the gold, made by humans, inspired by nature.
that means, that the artificial gold creating business is a short lived one that will destroy itself.
bitcoin, as useless as gold, can not be artificially created and suddenly a massive amount of reserve found (lets say, under the arctic ice).
bitcoin has only the purpose to store value and its perfectly desinged for this.
so bitcoin is essentially the gold, made by humans, inspired by nature.
It sounds more like a silly joke. 
Bitcoin is as valuable as gold, but it ignores the current price of bitcoin when it doesn't like it.
Bitcoin is as valuable as gold, but it ignores the current price of bitcoin when it doesn't like it.
Bitcoin has already surpassed Gold in terms of value. however, just like Gold, Bitcoin's value is subject to demand. If people decide to move away from BTC then the price of it will drop seriously.
In terms of war, both of them have their advantages. At the end of the day Gold has been around for almost eternity whereas BTC is still in its infancy. Having been said, BTC is more transferable and there's no limit to how much of it you can store (physically) whilst the same cannot be said for gold. #myonecent
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
My decision is that I will keep investing in Bitcoin and also gold. I will share my money to invest in both. Because for me between Bitcoin and gold is not an option. Both of these investment assets are highly feasible for long-term investment assets. And I'm sure if the war comes everyone will definitely choose both. 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
I think at the moment bitcoin can not be considered a full replacement for gold as a world reserve. But for investors bitcoin is a good asset that can bring good profits 
it is neutral. which is good. i think you did a good job and it should be appreciated it if someone tries to contribute. anything can always be done a little better. we should give this guy credit. the nay-sayers should stand up to their word and simply come up with a better one. then we are talking. i bet none of them will even consider getting something together to present here.
It is at the moment silly to compare gold and bitcoin. Gold - an investment for storage of the capital. Bitcoin - investment for earnings.
Bitcoin and Gold i think this two have different in some cases.Gold value is stable in the market and the value of bitcoin is so volatile but it will continue in accordance of demand in the market and investors most likely invest into bitcoins rather than gold.
No, I don't think bitcoin will replace gold. Bitcoin and Gold are very different investment assets. Bitcoin has already surpassed Gold in terms of value. Gold can be called as a sure investment, but it doesn't grow on the price so fast as bitcoin. In terms of war, both have their advantages. At the end of the day, Gold has been around for almost eternity whereas BTC is still in its infancy. It's still early to say that bitcoin is a reliable asset. I think investing in bitcoin will be very profitable.
Gold and bitcoin is two different asset.we should don't compare both.Bitcoin is electrical currency There is no possibility that it will replace gold bitcoin is best form to earning.
Gold is for conservative people. It is too heavy to wear it in the pocket, and it is too unsafe to storage it at home And BTC is much better. Nobody can steal it from you.
And BTC is much better. Nobody can steal it from you.
I think Bitcoin and gold are the same investment but they are different in many ways, Bitcoin is an investment over the internet and it is a digital currency, can be stored / locked online or any hardware while Gold is a physical property, touched, stored where alone, printed for jewelry You can also buy gold and keep it as an investment and in times of need you can use it. And Bitcoin has many advantages over gold in trading but gold is more stable. It depends on what you are looking for. Bitcoin will probably surpass the value of gold in the coming years. Because nothing is impossible.
It is at the moment silly to compare gold and bitcoin. Gold - an investment for storage of the capital. Bitcoin - investment for earnings.
Bitcoin and Gold i think this two have different in some cases.Gold value is stable in the market and the value of bitcoin is so volatile but it will continue in accordance of demand in the market and investors most likely invest into bitcoins rather than gold. 
It is at the moment silly to compare gold and bitcoin. Gold - an investment for storage of the capital. Bitcoin - investment for earnings.
Bitcoin versus gold has been an issue. Bitcoin is much bigger in value than gold but gold is stable in value. If I am ask to choose between the two I will choose bitcoin over gold now, that is the practical answer to that because you can buy a gold bar if you have a lot of bitcoin hence no matter which of these two are profitable and an asset.
According to my bitcoin value is much higher than on cash but cash is more believable than the bitcoin.
Like Gold, Bitcoin's value is subject to demand. If people decide to move away from bitcoin then the price of it will fall. I prefer bitcoin to gold. You just have a phone and are connected to the internet you can use the Bitcoin network. Bitcoin will be the best form of currency up to date.
I also prefer bitcoin than gold. Even though bitcoins are volatile in the market, still the demand and the convenience you get to have bitcoins is more promising than to have gold. Bitcoins will be the next best currency.
Bitcoin is a decentralized digital currency that exist on a network of computers. For me I just pick bitcoin because bitcoin help me so much in many ways that's why bitcoin is much more near to my heart. Moreover, all countries have agreed that gold as a wealth asset. Even more people are open to gold than bitcoin.
Like Gold, Bitcoin's value is subject to demand. If people decide to move away from bitcoin then the price of it will fall. I prefer bitcoin to gold. You just have a phone and are connected to the internet you can use the Bitcoin network. Bitcoin will be the best form of currency up to date.
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