Topic: Bitcoin VS. GOLD - page 30. (Read 4308 times)

Gold will WIN BTC

A war between BTC with gold? Is it gonna happen? I don’t think it will happen because both gold and BTC have their own advantages and disadvantages. And the differences between these two are gold has a stable price, permanent, and has a physical form. While BTC isn’t stable in price, still in growth, and doesn’t have a physical form. I don’t think there will ever be a war between them.

Bitcoin is a payment system and also an asset class. Investing in bitcoin assures you of a steady capital growth

I'm personally switch my main invest from gold to bitcoin as I keep invest bitcoin every month because I've faith that bitcoin able reach $ 50.000

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 fall.

Bitcoin is the king of the crypto world. Inshallah one day bitcoin price will grater then gold. I think people will trust bitcoin then gold. If you invest on bitcoin there ar chance to earn a lot of money... 

Bitcoin is a digital currency with limited issuance and a register shared by many people to act as a conscensus for the transfer of coins between parties. There is no point in comparing Bitcoin with Gold except to say that they both can be used as a store of wealth and held outside of the current FIAT based money system. I have both as a hedge against problems down the road.

I think it is not right to compare gold and Bitcoins. Both have own cons but in terms of returns Bitcoins have already left it way behind.

Start Getting Your Hands on Bitcoin
This article isn’t intended to make you an expert on Blockchain, but I hope it gives you enough information to at least wrap your head around a concept that’s still arguably quite obfuscated. Bitcoin is not a super complex beast that only the most technical quantum computer scientists can possibly get a grasp on. If you’ve understood the concepts presented in this article, then you’re on the right track to becoming an informed (potential) investor.

So now you know what decentralization, mining, and blockchain are, and are probably thinking about the potential possibilities and how it’s a potential paradigm to the financial system. If you’re excited to actually start buying Bitcoin, take a look at my write up on 0 to Pro Crypto Trader.

WTF Is Decentralization
To start to understand Bitcoin, you have to first understand decentralization, because that’s one of the primary value propositions of Bitcoin. Traditionally, when you spend money, the receipt of your transaction has to be recorded somewhere. In this way, banks and credit card companies can keep track of what, where, when and why you spend. The place that it’s recorded is referred to as the ledger. But just as important as recording onto the ledger is maintaining the legitimacy of the ledger. To clarify that, let’s take an analogy.
Bill and Rebecca are finalists in a spelling bee. There is one judge. There are 999 audience members. Each contestant earns a point every time he or she spells correctly. That information is recorded on the judge’s ledger. Currently, the score is tied at 26 to 26. Here are a few scenarios that could happen to make the contest unfair:

Malicious Scenario 1: A bathroom/stretch break in the middle of the competition. The judge leaves along with Bill and Jane and the rest of the audience. But someone from the audience sneaks over to the judge’s table when everyone’s gone and adds a few points to Bill’s score. The judge returns and doesn’t notice, but now the score says 30 to 26.
Malicious Scenario 2: The judge’s daughter is Rebecca. Because he wants to improve her chances to get into a super awesome educational institution, he decides to add in a few points to Rebecca’s score.
Malicious Scenario 3: The judge decides that spelling alone is not impressive enough. He wants them to start singing the letters. Bill is a worse singer than Rebecca so he now has a huge disadvantage.

bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange.Bitcoin is the first global, decentralized currency that allows you to send money from one person to another without involving a third party broker, such as a bank. You only need your computer to make transactions because Bitcoin is fundamentally software.
As a decentralized currency, Bitcoin isn’t controlled by anyone. It’s open so that anyone can benefit from it.

where are we going from this price? up or down?

Agree, and we need to spread to investment with other al coins, such as my latest Investment with PAX token

Maybe,but still you need to do risk management and spread your investments. this is why I recommended to all of you to buy PAX. you can get more info here : https://payperex.com/postsale/

bitcoin and gold are two different things: one is physical, the other one virtual. we need both.

Thats a good point. Just remembering your private key/ wallet password is much better than packing tons of gold if there will be a war. But some answer here are right too, if there will be war that is about to happen. It will be hard to use bitcoin in some ways. Like if an electricity conflict happen. Since bitcoin is relying to electricity, it will be useless.

I dont know bitcoin will replace gold or not in the future, but the certain thing is bitcoin now has gain many user that makes bitcoin price is high.
your title is 'WTF is bitcoin?', in case you dont know bitcoin, let me explain it for you

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

I do think that gold is still the better investment in bitcoin because it has a physical appearance. Investing in bitcoin is a risk because any time the value of bitcoin can change because it is fluctuating but I still do think bitcoin is still a good investment.

I don't think