Of course it's better, just look at the shit that is happening in India.
Gold will always be stolen from people, you just cant avoid that.
Bitcoin atleast has some kind of protection against property rights violations, that are in many cases unconstitutional, but it's not like most people give a damn about constitutionality.
The Human Rights declarations are just a sham, private property is only private if it's private (like a private key)
Topic: [FORBES] Is Bitcoin Better Than Gold? (Read 3588 times)
Bitcoin beat gold this year, does no mean it is better than gold. Gold has beat bitcoin in other years. Gold and bitcoin belong to the same internal value category and will shine during turmoils.
BTCBTCBTC is BTCBTCBTC and gold is gold. They're way to different from each other and each has its own pros and cons. Instead of focusing which is better, why not get your portfolio to have both. Spreads the risk IMO.
Bitcoin beat gold this year, does no mean it is better than gold. Gold has beat bitcoin in other years. Gold and bitcoin belong to the same internal value category and will shine during turmoils.
BTCBTCBTC is BTCBTCBTC and gold is gold. They're way to different from each other and each has its own pros and cons. Instead of focusing which is better, why not get your portfolio to have both. Spreads the risk IMO.
It is looking better than gold as it stands for now. But we won't know for sure until it reaches more per ounce that gold costs now would we? 
Wait until it reaches $1200 again then we can talk about if it really is better than gold because when it reaches the $1400 then it very much well be at that point in time.
Wait until it reaches $1200 again then we can talk about if it really is better than gold because when it reaches the $1400 then it very much well be at that point in time.
I see no reason why we should be focusing on the relation between price of bitcoin and 1 ounce of gold. In many countries, gold is measured in different units and the price/ounce doesn't really make sense.
What really matters is the "trust" that people have in the asset. It will be difficult for Bitcoin to attain the same kind of trust, as gold has been around for thousands of years.
http://www.livebitcoinnews.com/can-bitcoins-price-surpass-value-one-gold-ounce/
I have trust in a physical thing of value. So I would store my bitcoin on some sort of hardware wallet just for that extra ease of mind that I actually have something in my hands to amount for what I do indeed have on hand of bitcoin.
That is just me and can be different for anyone else. We are individualistic beings afterall!
Bitcoin beat gold this year, does no mean it is better than gold. Gold has beat bitcoin in other years. Gold and bitcoin belong to the same internal value category and will shine during turmoils.
Agree, but with more and more people discover bitcoin, bitcoin tends to increase in its value faster than gold, at least these years. Both are excellent hedge against inflation and preservation of the value.
Bitcoin beat gold this year, does no mean it is better than gold. Gold has beat bitcoin in other years. Gold and bitcoin belong to the same internal value category and will shine during turmoils.
It is looking better than gold as it stands for now. But we won't know for sure until it reaches more per ounce that gold costs now would we?
Wait until it reaches $1200 again then we can talk about if it really is better than gold because when it reaches the $1400 then it very much well be at that point in time.
Wait until it reaches $1200 again then we can talk about if it really is better than gold because when it reaches the $1400 then it very much well be at that point in time.
I see no reason why we should be focusing on the relation between price of bitcoin and 1 ounce of gold. In many countries, gold is measured in different units and the price/ounce doesn't really make sense.
What really matters is the "trust" that people have in the asset. It will be difficult for Bitcoin to attain the same kind of trust, as gold has been around for thousands of years.
Yes, because their is solid fact to back the claim, Gold price is being manipulated by Central banks, although BTC price manipulation too exit but it is follow some technical chart but Gold price don't
You're right. The central bank is the biggest gold owner. It's mean the gold was controlling by them http://www.forbes.com/sites/timtreadgold/2016/04/01/central-banks-follow-warren-buffetts-advice-when-it-comes-to-gold-buying-when-others-are-fearful/#560aa70b6357
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The second reason is that central banks have a unique position in the gold market, and have an ability to influence investor sentiment, for better and for worse.
That power lies in the fact that the central banks are the biggest owners of gold and when the biggest owner of anything, be it property or shares in a big company, their actions influence the market.
That power lies in the fact that the central banks are the biggest owners of gold and when the biggest owner of anything, be it property or shares in a big company, their actions influence the market.
It is looking better than gold as it stands for now. But we won't know for sure until it reaches more per ounce that gold costs now would we?
Wait until it reaches $1200 again then we can talk about if it really is better than gold because when it reaches the $1400 then it very much well be at that point in time.
Wait until it reaches $1200 again then we can talk about if it really is better than gold because when it reaches the $1400 then it very much well be at that point in time.
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Still Bitcoins have two advantages over gold. First, they 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.
so the conclusion is both bitcoin and gold is better. the things have their own advantages and disadvantages. it is difficult to say bitcoin is better that gold because bitcoin also has weakness like it is limited to 21 million although we can get it "easily", and the opposite.
This is such a stupid thing to compare bitcoin to. I don't understand why these big wonderful news idiots still don't realize it. It's like comparing a start up tech company stock to a wheat company's stock. It's so random wtf.
Why you state such an insult opinion without any solid statement, I mean, we are discussing about long term investment here. Even if we compare gold and land/estate, it's all right to do as both of it has high value too.
I'm still wondering which one is better for the long hoardings that lead to conclusion, better to have both of them whether gold and bitcoin, even though I prefer to have more bitcoin due to highly increasing price.
More than 100% in this year, what an amazing increases.
Yes, because their is solid fact to back the claim, Gold price is being manipulated by Central banks, although BTC price manipulation too exit but it is follow some technical chart but Gold price don't
I think that going forward bitcoin is one of if not the best investment around, not so sure about a short term investment. Long term i just cannot see any fundamental weaknesses. bar some genius seeing a problem everyone else has missed i can see bitcoin at $10000 in 5 years.
In the long run I see a lot of potential, but some problems need to be solved for Bitcoin to be adopted by a large number of people, without major problems. One of the biggest problems is probably the problem of scalability. As far as I know, Segwit and Flextrans are some of the proposed solutions, but there is still no consensus on which is the best.Nothing is confirmed as best right now. It's all subjective.
I think that going forward bitcoin is one of if not the best investment around, not so sure about a short term investment. Long term i just cannot see any fundamental weaknesses. bar some genius seeing a problem everyone else has missed i can see bitcoin at $10000 in 5 years.
In the long run I see a lot of potential, but some problems need to be solved for Bitcoin to be adopted by a large number of people, without major problems. One of the biggest problems is probably the problem of scalability. As far as I know, Segwit and Flextrans are some of the proposed solutions, but there is still no consensus on which is the best.Some of these suggestions could seriously hurt BTC. Too much controversy and you could get a repeat of ETH with a fork causing major fracturing. SegWit if I understand it could move transactions off of the network causing damage to miners and the network. So it is going to be a hard sell to get the 95% to get SegWit. Granted something does need to happen to fix the transaction problems and scale. But so far the suggestions appear questionable.
Then throw in another Mt Gox, or some sort of heavy handed regulatory moves and everything could head south FAST. The point being is that it doesn't take much to upset the apple cart here.
I realize when the price goes up like it has recently EVERYONE gets mega bullish. I am with you, it is exciting to see BTC and other crypto's taking off and flying. However as fast is it comes it can also go... In that regard it is appropriate to compare BTC to gold because the market responds just as violently there as well.
If you get the timing right and know went to get into and out of the market you can probably make some money. However that is a tall order. Also what is your time horizon. Are you talking 5 years, 10 years, 20 years, 50 years? Each time horizon requires different strategies to ensure you have access to your funds when you need them.
I think that going forward bitcoin is one of if not the best investment around, not so sure about a short term investment. Long term i just cannot see any fundamental weaknesses. bar some genius seeing a problem everyone else has missed i can see bitcoin at $10000 in 5 years.
In the long run I see a lot of potential, but some problems need to be solved for Bitcoin to be adopted by a large number of people, without major problems. One of the biggest problems is probably the problem of scalability. As far as I know, Segwit and Flextrans are some of the proposed solutions, but there is still no consensus on which is the best. 
107+% is better than anything in the world.. hoping to touch 1000+$ soon.. I don't think it will stay there for long time, again will get stabilized n gets to normal rate soon..
I think that going forward bitcoin is one of if not the best investment around, not so sure about a short term investment. Long term i just cannot see any fundamental weaknesses. bar some genius seeing a problem everyone else has missed i can see bitcoin at $10000 in 5 years.
Don't invest anything you cannot afford to lose. Both markets, precious metals and crypto's are too small and too easy to manipulate. Just when you need money of course that is when the bottom will have fallen out of either or both. If you follow the precious metals markets at all you may be aware of the fraud, price fixing, and other games being played by the big boys under the nose of regulators who look the other way. I am sure the same thing is going on here in the crypto markets.
So trying to pick which one is best is really a fools errand. Hold some of both, but don't stake your life, retirement, or anything important to you on it. To get an idea of what I am talking about pull up that chart for bitcoin from 2009 to present. Now look at that giant crash that happened. Same crazy stuff has happened in the gold markets. Some of it based on fundamentals, some of it based on fraud and manipulation. Either way if the timing is bad you could be in a world of hurt.
And lets just say that state sponsored entities are not friendly to either metals or crypto. They allow them to exist right now. One day they may not allow them to exist. Again don't put all your eggs in either one of these baskets. Be aware of ALL the risks, not just the ones obvious today.
So trying to pick which one is best is really a fools errand. Hold some of both, but don't stake your life, retirement, or anything important to you on it. To get an idea of what I am talking about pull up that chart for bitcoin from 2009 to present. Now look at that giant crash that happened. Same crazy stuff has happened in the gold markets. Some of it based on fundamentals, some of it based on fraud and manipulation. Either way if the timing is bad you could be in a world of hurt.
And lets just say that state sponsored entities are not friendly to either metals or crypto. They allow them to exist right now. One day they may not allow them to exist. Again don't put all your eggs in either one of these baskets. Be aware of ALL the risks, not just the ones obvious today.
of the current statistics, bitcoin is really beyond gold. Well, bitcoin prices rise so quickly make investors pay attention to bitcoin. today people are more happy to see because bitcoin bitcoin have prices really high. if this continues, investors may bitcoin will surpass gold investors.
Hello everyone! merry christmas! new to the game, looking forward to being a part of this big big world of cryptocurrency!
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