Will bitcoin replace gold? I ask myself. Well, so far there are no such forecasts. People base on the statements they have read somewhere or saw on TV but not on own minds
Now everyone is betting whether Bitcoin reaches 10000. I bet that it will take a couple of months to do it. Well, back to the previous position? I admit that can go to 10,000, but not more. 
Topic: BTC and Gold? - page 5. (Read 12088 times)
Will bitcoin replace gold? I ask myself. Well, so far there are no such forecasts. People base on the statements they have read somewhere or saw on TV but not on own minds
I wonder what predictions you base your conclusions on. I got hooked on market reviews on the site and I can say for sure that everything is not so simple. I think now is the time to invest in Bitcoin, because soon we will be able to reap good rewards
Gold has a limited supply that's why it is a precious metal while bitcoin is purely digital. Gold is difficult to store in a long period of time it needs a most secured place. Although bitcoin can also be hacked it is rarely happens since you have your private key. They can be both mine. I think I can't find gold nowadays no matter how I dedicate my life in mining it. Why would I do that if bitcoin already exist.
Interesting article that talks about BTC vs Gold: https://cryptotradernews.com/cryptocurrency/is-bitcoin-the-new-gold/
Thoughts? Gold is tangible and can be used for other things other than storing value... It's also been around for a much longer time...
The article also discussed the discussion and differences between gold and bitcoin, here for me the point is "Bitcoin is perceived as sound money and the evolution of gold", but for me bitcoin and gold have advantages in certain and clear conditions that are very different and not evolution because changes in values and benefits are somewhat different. Thoughts? Gold is tangible and can be used for other things other than storing value... It's also been around for a much longer time...
A lot of the users are posting that the price of Bitcoin has surpassed that of gold. For proof, they point out that the price of 1 BTC ($9,300) is more than that of 1 oz. of gold ($1,350). There is no logic in saying this, because they are not using the same units. One ounce of gold is not equal to one Bitcoin. They are different units having different characteristics. In case you want to compare the price of gold and BTC, then you should compare the market cap. The market cap of BTC stands at $165 billion, while that of gold is somewhere around $8,000 billion.
Interesting article that talks about BTC vs Gold: https://cryptotradernews.com/cryptocurrency/is-bitcoin-the-new-gold/
Thoughts? Gold is tangible and can be used for other things other than storing value... It's also been around for a much longer time...
Thoughts? Gold is tangible and can be used for other things other than storing value... It's also been around for a much longer time...
I can't deny both are good to become our assets. We all know here Gold was ancient already and bitcoin is not, but even bitcoin is not ancient in terms of the comparison of their price value bitcoin surpassed the price of Gold anyhow. Though, Gold was a tangible things and Bitcoin is not. But for now bitcoin was trending all over the world so far.
guys, while we are arguing here that Bitcoin is better or gold, then as far as I know, the Chinese government is buying gold and other precious metals by all means, while there are certain difficulties with cryptocurrency in their country. Thus, it can be assumed that valuable metals will always be valued, as it has been for 1000s years, and a cryptocurrency has value only when it is interested in society.
Gold and bitcoin are a likely alike. The both have much value but a bit difference in handling. Someone can buy them to store up his or her assets for future use
Bitcoin is a digital asset supported by investors only whereas Gold is precious metal from 1000+ years and supported by central banks.
2. Bitcoin can be better as a store of value in the future if we reach high liquidity to significantly decrease price volatility
If you buy 1 Bitcoin at $4000 as store of value, you will have $400 only if Bitcoin survive. That is worst investment ever. Just like Jet Airways whose share price fell from Rs 800 to Rs 80.
Bitcoin is new Gold
Well bitcoin and Gold both are effective for investment.. but in short we can say that gold is short term investment as well as bitcoin is the long term investment..
Bitcoin is much better than Gold.
because Bitcoin grow up so fast but not for gold.
we can look Bitcoin price in 2010 that just 0.2$, in 2017 Bitcoin hit top price in 30k$.
just in 7 year.
because Bitcoin grow up so fast but not for gold.
we can look Bitcoin price in 2010 that just 0.2$, in 2017 Bitcoin hit top price in 30k$.
just in 7 year.
Gold is more stable and has a long history, while bitcoin can be used anytime and can be selled, to sell gold can take a lot of time if is physically hold at home. But bitcoin is indeed the crypto king and is more faster to use if want to buy or sell.
Yes.Thats true,and also bitcoin has the largest growth rate more than any currency,any stoke or any commodity.In 2009 bitcoin was just came 0.001$ rate.In 2017 its hit the 20000$ rate.Now its 9K+.Still that is bigger than anything's release prize and bitcoin growing day be day by prize and also from the demand.
like this(BTC and gold) tropic but guys, I already discuss to another tropic ( BTC and gold). and we know that what is BTC and gold?
( Bitcoin is a currency of digital wallet and gold is a chemical element of the earth it is the metal of transition ).
BTC and GOLD :
both are saving value but it has a small difference, like -( gold is the store currently value and BTC store the better value of the feature).
( Bitcoin is a currency of digital wallet and gold is a chemical element of the earth it is the metal of transition ).
BTC and GOLD :
both are saving value but it has a small difference, like -( gold is the store currently value and BTC store the better value of the feature).
Gold and bitcoin are a likely alike. The both have much value but a bit difference in handling. Someone can buy them to store up his or her assets for future use
To get gold, we must mine it first or buy it from the nearest gold shop. So far, no single individual or company has been able to produce gold. Gold is available in limited quantities, and this is what causes it to increase over time.
While BTC is digital or invisible, durable and not easily destroyed, Obtained by mining, but using mining programs and mathematical algorithms;
Can be transacted throughout the world; and can be exchanged and traded with various currencies in the world.
While BTC is digital or invisible, durable and not easily destroyed, Obtained by mining, but using mining programs and mathematical algorithms;
Can be transacted throughout the world; and can be exchanged and traded with various currencies in the world.
It seems to me that Bitcoin and another decentralized cryptocurrency will never get rid of its high price volatility, regardless of whether it is accepted in all states or not. This means that the cryptocurrency will lose gold as a means of storing value. This is not surprising, since it is assumed that its price will always be formed only on the basis of supply and demand.
I am one of those who disagree with you on this point. A lot of aspects exists that will be a deciding factor in the future stabilization of Bitcoin's price. Seems unlikely, but it will probably happen.
It won't only depend on the community, also the high decision-makers will have a strong part in it. Bitcoin's core functionality will take care of everything else.
Gold is showing similarity with Bitcoin in one parameter at least. After a sharp correction from the 2011-12 levels, gold is once again showing the signs of a bull run. Bitcoin is also undergoing a similar phase right now. Now the difference is that any price change may be more moderate for gold (thanks to its $7 trillion market cap), when compared to Bitcoin.
if in my opinion bitcoin is better than gold bro. because bitcoin has a very fast price movement so it's very good for us to invest in it. either long term or short term. with our experience it will be faster to make a profit. the movement of gold prices is so slow that it is long enough to make a profit
Gold is more stable and has a long history, while bitcoin can be used anytime and can be selled, to sell gold can take a lot of time if is physically hold at home. But bitcoin is indeed the crypto king and is more faster to use if want to buy or sell.
Yes.. that is definitely one of the advantages with Bitcoin. Since it is a digital asset, you can move the coins very easily to any corner of the world. And you have the freedom to sell them in an exchange which gives you the best rate. On the other hand, moving physical gold is not that easy. You have limited options, and almost always you may get 2% to 3% lower prices than the prevailing market rates.
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