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Topic: Bitcoin vs. Gold Prices - page 17. (Read 2347 times)

member
Activity: 238
Merit: 57
January 11, 2018, 05:34:41 AM
Bitcoin is more profitable indeed, but it is equally risky compared to Gold where prices hover on relatively the same levels and sometimes would even rise higher depending on situations around the world. Bitcoin may make you rich, but the already rich use Gold for safety.
As mate mentioned that BTC is more profitable then Gold because price of BTC is more high then gold while also i clear you that when you buy gold from goldsmith and then after sometime when you want to sale then gold smith will cut some commission due to which you will will always face loss if you are normal customer not a goldsmith. While there is no such issue in BTC and price of BTC is almost increasing with time due to which people can earn more and more profit.
newbie
Activity: 81
Merit: 0
January 11, 2018, 05:25:31 AM
Bitcoin is more profitable indeed, but it is equally risky compared to Gold where prices hover on relatively the same levels and sometimes would even rise higher depending on situations around the world. Bitcoin may make you rich, but the already rich use Gold for safety.
hero member
Activity: 980
Merit: 509
January 11, 2018, 05:24:15 AM
Bitcoin until now still more profitable more than gold. For me, for invest I will choose bitcoin and the second gold.
I invest bitcoin and gold, but I see bitcoin increase faster than gold. We can also get bitcoin from campaign.
hero member
Activity: 1204
Merit: 505
January 11, 2018, 03:28:07 AM
the U.S debt is almost reaching ~ $21 Trillion, and Bitcoin supply is 21 million .. don't know what that means,  just something to interesting think about.
It is all about the good news coming from the bitcoin world. You will be hearing this very soon that either they are increasing the number of bitcoins or the price will be increased so much. Like in the last year, when the demand was too high bitcoin’s price had been jumped from $7k to $19k within a course of 2 weeks probably. Same will be happening now, wait and watch the story.
I think Gold has a higher price than Bitcoin and its price is very stable. As of Bitcoin, its price is no where near the price of Gold, but you will gain profit from it than you will do from Gold cause Bitcoin is still growing and volatile. But I believe maybe one day it will achieve the level of gold.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
January 11, 2018, 12:34:50 AM
In fact, gold is already somewhat losing its purchasing power with time. If we look at inflation-adjusted gold prices, gold has been underperforming against dollar inflation since early 1980s. Yes, its has risen a lot in nominal terms but it looks like people are losing interest in precious metals at large. It may be just a slow-oozing and long-lasting effect of gold being stripped of any monetary value after it seized to be a dollar backup.

I'm not sure what you mean by underperforming against dollar inflation.  Since the postwar Bretton Woods period, an ounce of gold has gone from $35 to $1300, whereas $35 is still $35.  If you mean something else, the early 80s were a bad place as a starting point, since gold dropped more than 50% immediately at the start of that period.

We can then take 1971 as a starting point.



I mean inflation adjusted prices, of course. So $35 back in 1934, the last year when gold had actually been backing up the dollar en masse, is not the same $35 as today. If we strip dollar of its inflation, we will see that gold didn't rise much in real prices. And if we take time period from 1981 till nowadays, the US government bonds, for example, have been performing better that gold. The treasuries are considered a hedge against against dollar inflation, that's what I mean by gold underperforming against it. That is, the treasuries were a better hedge than gold.
Exactly! The market price of gold is very much stable since a long period of time. There is no significant increase in its market value since long and that is the reason most of the people ho were previously investing in gold are now withdrawing their money out of it.

Bitcoin market value on the other hand has increased and is continuously increasing quite significantly since the time this world has seen bitcoin.
hero member
Activity: 2926
Merit: 640
January 11, 2018, 12:23:32 AM
Gold? no more talking about gold. In this modern era, bitcoin is more needed by people. Bitcoin makes investors really sure it's safe to invest their money into it. Bitcoin price also increases fast for years and that's really good for investors too.
Gold has become old fashion of saving your wealth. The market of gold is going down gradually because of the immense popularity of crypto currencies.

Gold investors have withdrawn their much investments form the industry and investing them into bitcoin because of high returns bitcoin give them. Bitcoin is never ever going to lose its volatility which means investors are all the time going to have some profit.
No matter what, even if the price rate for Gold is $100,000 for each, that wouldn’t make it better than Bitcoin when it comes to investment, because Gold has a stable price , so I don’t see any way one would expect to earn from that. But as for Bitcoin, it can either go down or up… so expect to lose or win.
sr. member
Activity: 714
Merit: 250
January 10, 2018, 05:41:44 AM
At present, Bitcoin is at the best level in the world . Which is more valuable than the current market gold . The price of gold was very much in antiquity . But now Bitcoin has earned a great name .
Bitcoin is the best because of its value the chance to increase high in the market. Actually we couldnt compare gold in terms of its prices because of the more volatility happen in bitcoin always than gold. Although I can say gold is important in our economy impact.
sr. member
Activity: 951
Merit: 250
January 10, 2018, 05:12:05 AM
I think that gold is still more important than some kind of crypto currency, so gold will always stay afloat, and no one will replace it.
There is also a saying That whatever comes fast will disappear fast. Well, bitcoin has been in existence for only few years but the value surged high so fast but gold has been proven even from the old days till now and still good in value. We dont know until when will be the fame of bitcoin but gold i believe will never disappear. May not be equal in value but more stable.
I also believed in that saying that is why i maximized on earning with crypto currency, and now i see that investing in virtual currency is much profitable than gold because gold raise its value too slow and our capital would be stack for long period of time and generate small amount of profit. Then i conclude that much better to put money in crypto than gold.
Yes i agree on that gold is really risky than cryptocurrency because if we  speak about gold the big expensis is there and it is really risky to have an investment if you put up a big amount as a capital.Whilr in btc we can really buy it during its low price  to avoid   risky investment maybe the  difference of the two is the price crypto change in a verry short peeriod of time while in gold it really counts a  year or a decade before it change price.
full member
Activity: 196
Merit: 122
January 10, 2018, 04:35:25 AM
#99
I think that gold is still more important than some kind of crypto currency, so gold will always stay afloat, and no one will replace it.
There is also a saying That whatever comes fast will disappear fast. Well, bitcoin has been in existence for only few years but the value surged high so fast but gold has been proven even from the old days till now and still good in value. We dont know until when will be the fame of bitcoin but gold i believe will never disappear. May not be equal in value but more stable.
I also believed in that saying that is why i maximized on earning with crypto currency, and now i see that investing in virtual currency is much profitable than gold because gold raise its value too slow and our capital would be stack for long period of time and generate small amount of profit. Then i conclude that much better to put money in crypto than gold.
member
Activity: 322
Merit: 10
January 10, 2018, 04:23:12 AM
#98
At present, Bitcoin is at the best level in the world . Which is more valuable than the current market gold . The price of gold was very much in antiquity . But now Bitcoin has earned a great name .
hero member
Activity: 1036
Merit: 500
January 10, 2018, 03:14:57 AM
#97
the U.S debt is almost reaching ~ $21 Trillion, and Bitcoin supply is 21 million .. don't know what that means,  just something to interesting think about.
It is all about the good news coming from the bitcoin world. You will be hearing this very soon that either they are increasing the number of bitcoins or the price will be increased so much. Like in the last year, when the demand was too high bitcoin’s price had been jumped from $7k to $19k within a course of 2 weeks probably. Same will be happening now, wait and watch the story.
hero member
Activity: 854
Merit: 501
January 10, 2018, 02:08:07 AM
#96
Gold and bitcoin do not have to be at odds with one another and do not serve as substitutes. Gold and bitcoin work well as compliments to any portfolio that wishes to balance speculative growth with a proven inflation hedge.
Exactly! There is no connection in between bitcoin and gold prices. In fact, there is no way that both of them are effecting the market price of one another in any way. Bitcoin is a separate entity and there are certain principles on the basis of which the market value of bitcoin increases and decreases. Same is the case when it comes to that of gold. However, bitcoin is having far more market value than that of gold.
sr. member
Activity: 462
Merit: 515
January 09, 2018, 02:48:06 PM
#95
This is one of the most famous and trending topic about Bitcoin. What is more valuable Bitcoin or Gold? but the answer always from me and many other people in the world in Bitcoin. As bitcoin as a very fast growth rate more than gold it will give you more returns than gold in very less time.

True, but you can argue that is only because Bitcoin is still much cheaper than gold.  (When comparing same proportions of total supply.)

Gold has a big supply. This is the reality, bitcoin is very lmiited, that's why bitcoin could become 15 times more valuable than gold that was considered as the asset of the years.

But this is all relative up to a point of being completely irrelevant. For example, you can take satoshis and you will get something like 21 trillions of them (or whatever, I didn't count). Is 21 trillions more than approximately 200,000 tonnes of gold extracted since the dawn of humanity? Such comparisons are meaningless because you can easily change units of measurement and then claim the contrary. Also, how can you ever say that bitcoin is more valuable or expensive than gold?

You can't even weigh a bitcoin to stake it against a nugget of gold.
sr. member
Activity: 281
Merit: 250
January 09, 2018, 01:47:23 PM
#94
This is one of the most famous and trending topic about Bitcoin. What is more valuable Bitcoin or Gold? but the answer always from me and many other people in the world in Bitcoin. As bitcoin as a very fast growth rate more than gold it will give you more returns than gold in very less time.

True, but you can argue that is only because Bitcoin is still much cheaper than gold.  (When comparing same proportions of total supply.)

Gold has a big supply. This is the reality, bitcoin is very lmiited, that's why bitcoin could become 15 times more valuable than gold that was considered as the asset of the years.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
January 09, 2018, 01:11:48 PM
#93
This is one of the most famous and trending topic about Bitcoin. What is more valuable Bitcoin or Gold? but the answer always from me and many other people in the world in Bitcoin. As bitcoin as a very fast growth rate more than gold it will give you more returns than gold in very less time.

True, but you can argue that is only because Bitcoin is still much cheaper than gold.  (When comparing same proportions of total supply.)
hero member
Activity: 896
Merit: 521
January 09, 2018, 10:16:26 AM
#92
The biggest difference between gold and bitcoin is that Bitcoin was invented 2009. Gold has been around since eternity. A currency is valuable because we think it's valuable. We have faith/confidence in it. And gold has more faith than any currency because it has survived more economic disasters than bitcoin. Bitcoin is yet to survive one. All these limitations with bitcoin and the unethical manipulation that happens in bitcoin undermine its standing as a currency if any mishap is to be occur. But it's the popular one now. Hence, all the bullish trend. But gold is the one if you're looking for stability.
full member
Activity: 504
Merit: 101
January 09, 2018, 09:50:05 AM
#91
actually this issue is done already some years ago. the bitcoin beats the price of the Gold in just per piece because we all know that bitcoin as of today is really indemand and also at very high price. gold is manipulated by the government so it is not increasing as of today.
Some years ago we can say that bitcoin price really beats gold, but that time still gold was more safe than bitcoin but for now we are confident that bitcoin really beats gold in terms of profitability and stability and of course you money can be doubled in bitcoin unlike in gold wherein it is not stable as well/
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
January 09, 2018, 09:43:45 AM
#90
actually this issue is done already some years ago. the bitcoin beats the price of the Gold in just per piece because we all know that bitcoin as of today is really indemand and also at very high price. gold is manipulated by the government so it is not increasing as of today.
Price of bitcoin has surpassed the value of gold year ago, but in terms of security bitcoin lacks behind gold. Gold too is not that manipulated, but the centralized circulation makes it more secure than bitcoin. The decentralized functioning makes bitcoin highly profitable and popular and highly potential.
sr. member
Activity: 840
Merit: 252
January 09, 2018, 09:35:47 AM
#89
actually this issue is done already some years ago. the bitcoin beats the price of the Gold in just per piece because we all know that bitcoin as of today is really indemand and also at very high price. gold is manipulated by the government so it is not increasing as of today.
full member
Activity: 125
Merit: 100
January 09, 2018, 07:08:48 AM
#88
I think the price of bitcoin is more unstable than that of gold also the price is way more than that of gold and you can actually buy gold with bitcoins that is something you could not do earlier.
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