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Topic: Explain - page 2. (Read 1880 times)

sr. member
Activity: 882
Merit: 251
July 28, 2017, 09:59:38 AM
#49
For me i want to choose bitcoin if you know how to handle about earning money for bitcoin is easy to you. If you choice gold so many things you need materials to find the gold you know that is hard get.
Both has different advantages but I choose bitcoin as this is volatile which anyone can earn profit. A digital currency which easy to avail and to access while gold is rare. Thus, bitcoin is on top from me were we can I have it anytime and anywhere.
full member
Activity: 364
Merit: 100
July 28, 2017, 09:48:32 AM
#48
What do you believe bitcoin is better than gold, explain?
Bitcoin and gold has their own uniqueness that makes people patronize them. They have their advantage but not in the same way. But if we talk today's generation I think bitcoin is better than gold because as we observed only those people who didn't know bitcoin will be interested with the gold but if bitcoin will be known globally. We're also in a digital world which means everything will be high -tech and bitcoin will become usable as a digital money for online investing and online shopping.
hero member
Activity: 896
Merit: 521
July 28, 2017, 09:23:24 AM
#47
What do you believe bitcoin is better than gold, explain?

I do not think that bitcoin is better than gold, we do not have any basis to assert it, people are just discussing it by value, that is one-sided evaluation. I like the general look and clarity when I compare anything.
It's just most people in this thread who are just comparing values and therefore coming to the conclusion that Bitcoin is better.

I don't think it's that simple and I'm more sided towards gold being a bit better do to it's real world applications as conductor etc. I'm sure it could be replaced my some other metal, but you would lose conductivity, I think.

Bitcoin also has enough real-world applications, but atm nothing that the world really needs to keep functioning.
Bitcoin has been beating gold by a big margin so far this year. It is getting popular among investors. Indeed gold has ornamental and metal advantage. But Bitcoin too has its advantages. It can be used as a convenient medium of payments, though for a limited number of transactions, a function gold is missing. Second, the Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.

They both have their advantages. But for now Bitcoin is outperforming gold in investment asset.
legendary
Activity: 1974
Merit: 2124
July 28, 2017, 08:36:48 AM
#46
Surely bitcoin better than gold as it is more profitable. The volatility of the bitcoin prove its potential to yield more output and that's the overriding reason which makes it superior than gold. Gold is stable but bitcoin market is remarkably growing, furthermore bitcoin is a decentralized currency which proves it more prominent than gold and will give significant returns time to time.
legendary
Activity: 1792
Merit: 1283
July 28, 2017, 07:38:38 AM
#45
What do you believe bitcoin is better than gold, explain?

I do not think that bitcoin is better than gold, we do not have any basis to assert it, people are just discussing it by value, that is one-sided evaluation. I like the general look and clarity when I compare anything.
It's just most people in this thread who are just comparing values and therefore coming to the conclusion that Bitcoin is better.

I don't think it's that simple and I'm more sided towards gold being a bit better do to it's real world applications as conductor etc. I'm sure it could be replaced my some other metal, but you would lose conductivity, I think.

Bitcoin also has enough real-world applications, but atm nothing that the world really needs to keep functioning.
full member
Activity: 519
Merit: 101
July 28, 2017, 07:18:04 AM
#44
What do you believe bitcoin is better than gold, explain?

I think we should not compare bitcoin to gold. Bitcoin will never become gold, and gold will never become bitcoin. These two are very different. We can earn bitcoin in many ways. Trading, campaigns, mining, gambling, etc. We can only have gold if there are miners that find a gold then they sell it. There are no campaign that give gold in return for all participants. There is no gambling that will also make gold as a price. Another thing, we cannot literally hold bitcoin in our hand. Bitcoin is a digital currency that changes its price.
sr. member
Activity: 1050
Merit: 250
July 27, 2017, 09:45:06 AM
#43
It looks like I've ever seen the same thread. Compare bitcoin with gold. I do not know how to compare two different things. But behind it gold is more likely to be priced stable Compared with bitcoin
sr. member
Activity: 415
Merit: 250
July 27, 2017, 09:38:59 AM
#42
For me i want to choose bitcoin if you know how to handle about earning money for bitcoin is easy to you. If you choice gold so many things you need materials to find the gold you know that is hard get.
hero member
Activity: 574
Merit: 500
July 27, 2017, 07:21:11 AM
#41
One simple reason to favour bitcoin above gold. Gold can be premined promises to pay.

Bitcoin cannot be made into a scheme of selling something that you do not posses. Either you are on a blockchain by someone giving you tokens on a transaction, or you do not have bitcoins. Well... unless you are a miner that is, but miner owned btcs are in a fixed number.

That is why the gold price has been kept low, because of selling the unexistant gold. On the other hand bitcoin price is not so easy to downgrade.
member
Activity: 132
Merit: 10
July 26, 2017, 09:33:55 PM
#40
One simple reason to favour bitcoin above gold. Gold can be premined promises to pay.

Bitcoin cannot be made into a scheme of selling something that you do not posses. Either you are on a blockchain by someone giving you tokens on a transaction, or you do not have bitcoins. Well... unless you are a miner that is, but miner owned btcs are in a fixed number.

That is why the gold price has been kept low, because of selling the unexistant gold. On the other hand bitcoin price is not so easy to downgrade.


But at least you can physically hold gold. And it has usefulness out side of being valuable. You need it for electronics and art, and all gasoline engines need a little bit of gold to be efficient.

Bitcoin is just information. You can't hold it, and it's not useful for anything outside being a store of value. And you can scam someone with bitcoin just as easy as you can scam someone with  precious metals. Just look at the Scam section of the forum Grin
sr. member
Activity: 518
Merit: 271
July 26, 2017, 09:13:14 PM
#39
What do you believe bitcoin is better than gold, explain?
I think you shouldn't compare gold and bitcoin because they completely different from each other gold is physical bitcoin is digital although they are both considered as investments and also in terms of price bitcoin beats but when it comes stabilization and market capitalization gold beats bitcoin. bitcoin has a long way to go to beat gold.

What do you believe bitcoin is better than gold, explain?
Bitcoin has limited supply unlike gold, the supply of gold keeps increasing every single day, while you could say the same of bitcoin thanks to the bitcoin miners, we know that the supply is limited to 21 million coins but we do not know what will be the the final supply of gold and if space mining ever becomes a reality the supply of gold is virtually limitless.
Gold has limited in supply too. unlike in bitcoin we can't determine exact supply of gold in earth but we all know in earth everything is limited.
hero member
Activity: 574
Merit: 500
July 26, 2017, 06:06:03 PM
#38
One simple reason to favour bitcoin above gold. Gold can be premined promises to pay.

Bitcoin cannot be made into a scheme of selling something that you do not posses. Either you are on a blockchain by someone giving you tokens on a transaction, or you do not have bitcoins. Well... unless you are a miner that is, but miner owned btcs are in a fixed number.

That is why the gold price has been kept low, because of selling the unexistant gold. On the other hand bitcoin price is not so easy to downgrade.
sr. member
Activity: 420
Merit: 250
July 25, 2017, 10:21:13 PM
#37
Nobody really has any idea how much gold there is.

We have a good estimate, but a lot of it was supposedly melted down at some point and used in electronics and other stuff related to that.

It is said that Fort Knox doesn't really have that gold there any more and it is a lie.
sr. member
Activity: 672
Merit: 253
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July 25, 2017, 10:13:34 PM
#36
History mentions. Gold is an investment tool that is loved by everyone. So if you say gold bitcoin better than gold. I would agree if I say bitcoin and gold to be an option for an investment that many people love. Both of which are a great entity in the investment world. Why I say so. Because bitcoin is just a virtual currency and is not shaped. While gold is a precious metal in the shape of a physical. So even though bitcoin is higher the price. But I think there are still many people who want to invest with gold. This is long before the virtual currency is used for investment. But gold first people know for investment
sr. member
Activity: 980
Merit: 255
July 25, 2017, 09:51:46 PM
#35
What do you believe bitcoin is better than gold, explain?
Bitcoin has limited supply unlike gold, the supply of gold keeps increasing every single day, while you could say the same of bitcoin thanks to the bitcoin miners, we know that the supply is limited to 21 million coins but we do not know what will be the the final supply of gold and if space mining ever becomes a reality the supply of gold is virtually limitless.
full member
Activity: 219
Merit: 102
July 25, 2017, 03:51:58 PM
#34
It is not better. Both are different and both serve their purpose. Gold is something you can put in your pocket and pay all around the world, no matter where you are. Bitcoin is something you can send around the world without any borders.
full member
Activity: 185
Merit: 100
July 25, 2017, 02:17:24 PM
#33
Gold should not be compared with Bitcoin anymore, Because gold has been already created a acceptable filed of saving and investment. Bitcoin is going to be as like as gold. So Bitcoin has to go long way to overcome gold..but in terms of profit Bitcoin is a better position than gold.

The more bitcoin known my people, the more bitcoin will have pressure on gold. We should stop comparing them, this is right. But we can't act like we don't see bitcoin's rise against stock shares and other commodities.
full member
Activity: 414
Merit: 107
July 25, 2017, 01:44:31 PM
#32
Gold should not be compared with Bitcoin anymore, Because gold has been already created a acceptable filed of saving and investment. Bitcoin is going to be as like as gold. So Bitcoin has to go long way to overcome gold..but in terms of profit Bitcoin is a better position than gold.
legendary
Activity: 1184
Merit: 1013
July 25, 2017, 01:38:27 PM
#31
Both have pros and cons over each other. blatantly calling anyone of them better without examining the situation is kinda stupid.
to get more insight into the topic read a thread in the same section. Stompix already pointed that out and linked it in his reply.
member
Activity: 98
Merit: 10
July 25, 2017, 01:31:00 PM
#30
What do you believe bitcoin is better than gold, explain?

Both have their pros and cons. For example, Bitcoin cannot be used as easily if the internet goes down, electricity outage, government rejection (they could shut it down), etc.

Gold however can't be easily divided like Bitcoin so you can't use it to pay exact amounts down to the penny whereas Bitcoin obviously can be.

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