Topic: [FORBES] Is Bitcoin Better Than Gold? - page 2. (Read 3645 times)
Bitcoin seems to be better now but maybe it is just winning the battle, not the war, you know. Yes, now the price is growing, yes, you can actually use btc to pay for something more than you can use gold. However, gold has shown its stability throuout the history, so it would be very hard for bitcoin to gain the same authority.
Comparing Bitcoin with Gold is like comparing Apples and Oranges because Bitcoin meant to be as currency while gold isn't.
But, if we're comparing based on price growth with USD, i would say that Bitcoin is far better than Gold because Bitcoin have lots of potential while Gold don't have much potential anymore.
But, if we're comparing based on price growth with USD, i would say that Bitcoin is far better than Gold because Bitcoin have lots of potential while Gold don't have much potential anymore.
Yes, I think this comparison is a bit unfair, but what investors want is profit doesn't worthing the currency or the ore and currently Bitcoin is hte best option to make profit relatively fast. But if we talk about what is more useful, I would say gold, because it really exists, it's material and people can craft items with this, Bitcoin is just a currency, money in the virtual world.
There are basically two sides of it. Gold is a tangible asset whereas bitcoin is not. Gold is a legal asset and bitcoin is still under confusion. So it depends up on the investor and his risk taking capability. If a person want too earn much higher return along with a significant amount of risk, then he should go for bitcoin for long term.
But if one investor, want a safe and legal way of investing and want to play safe, then gold is a better option for him. But one thing I must agree that, the return on bitcoin is way much higher that any other conventional investment. But for safe players, gold is a better asset to invest in.
But if one investor, want a safe and legal way of investing and want to play safe, then gold is a better option for him. But one thing I must agree that, the return on bitcoin is way much higher that any other conventional investment. But for safe players, gold is a better asset to invest in.
Can't say which one is better. In some ways Bitcoin is better and in some Gold. Bitcoin price fluctuates a lot more than gold and therefore could be a better thing for traders. Bitcoin also offers faster long term profit but its only been there for some time now compared to gold which has been here since the beginning
Well, you were trying to discussed the rates between bitcoin and gold. Right maybe now bitcoin price is a far much better than gold but the thing here is that bitcoin could collapsed anytime time(we hope not to tho) while on the other hand (Gold could remain or increase it's value when time passes by)
It's clear now that bitcoin has surpassed gold to become the ultimate safe haven on earth, but there are still tons of gold bugs that constantly say bitcoin is a scam. Of course they are old people that don't even understand bitcoin.
I think as the old generations die, the new generations will understand that bitcoin is objectively superior to gold and move all their wealth there.
I think as the old generations die, the new generations will understand that bitcoin is objectively superior to gold and move all their wealth there.
in the past 2 years that i have been buying and hodling and also doing some small trades with bitcoin i have made 3.5 times the amount that i could ever made with just investing in Gold so i say bitcoin is a lot better investment than gold could ever be for me.
In my opinion we can't really compare these 2 assets as bitcoin is digital while gold is physical. Gold is the safer choice if you wanna preserve your wealth for long term,but with bitcoin you can profit on short time as it is very volatile,but also on long time as if bitcoin will be used more widely we could see a huge increase in price overtime. Anyway I recommend investing in both of them as they offer you different advantages. 
Glad i read thuis as i was actually thinking of investing in some gold or silver this week, think i will just buy some more bitcoin now. Thanks very much for that
every investment there are advantages and disadvantages. bitcoin is investing for the short term. while gold is a safe investment that requires a fairly long period of time. we should be able to choose which ones fit with expertise and our ability to invest.
I agree to you, bitcoin can be invested of for a long term though but you must face the risk if something happens. There is no 100% investment I guess, because if it is 100% no one will be needing a investment instead they will borrow from banks.
Bitcoin has been beating gold by a big margin so far this year. The digital currency has more than doubled in value, while the yellow metal has gained 8.73 percent; and both assets outperformed the S&P 500 and the twenty-year US Treasury bonds.
Does this make Bitcoin a better long term investment than gold?
It’s hard to say, as past performance isn’t a guarantee for future performance, as the old adage goes in Wall Street. Besides, Bitcoin has been around for a short period of time.
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.
To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.
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Original Story: http://www.forbes.com/sites/panosmourdoukoutas/2016/12/09/is-bitcoin-better-than-gold/#42ccc567c143
Does this make Bitcoin a better long term investment than gold?
It’s hard to say, as past performance isn’t a guarantee for future performance, as the old adage goes in Wall Street. Besides, Bitcoin has been around for a short period of time.
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.
To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.
~~
Original Story: http://www.forbes.com/sites/panosmourdoukoutas/2016/12/09/is-bitcoin-better-than-gold/#42ccc567c143
For speculators and traders who want fast profits bitcoin is better than gold.
For long term investors,i`m not sure,maybe gold is the better option.
The both have different advantages.
This is a very good statement. the value of bitcoin prices could rise. but on some sides of each investment certainly has its advantages and disadvantages.
Great article. But it think it's not proper to compare the performance of these securities. They are not all similarly situated. Gold has been in the financial industry and the world for an extremely long time. Gold has been the main medium of exchange for thousands of years and somehow until now. Unlike bitcoin, where it has just started and not yet even a decade has passed since it's use. Gold in the 1970's had a similar increase in price. It is not a 100% per year but it was 43.14% in 1972, 66.79% in 1973, and 72.59% in 1974. And it also hit a 120.57% more than the current rise of bitcoin.
I guess, maybe, Bitcoin will also stabilize like gold in the future where it would be more trusted and adopted greatly by the world. We haven't seen the last of the 100% increases in bitcoin. We might even see a 1,000%. Who knows.
I guess, maybe, Bitcoin will also stabilize like gold in the future where it would be more trusted and adopted greatly by the world. We haven't seen the last of the 100% increases in bitcoin. We might even see a 1,000%. Who knows.
Bitcoin has been beating gold by a big margin so far this year. The digital currency has more than doubled in value, while the yellow metal has gained 8.73 percent; and both assets outperformed the S&P 500 and the twenty-year US Treasury bonds.
Does this make Bitcoin a better long term investment than gold?
It’s hard to say, as past performance isn’t a guarantee for future performance, as the old adage goes in Wall Street. Besides, Bitcoin has been around for a short period of time.
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.
To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.
~~
Original Story: http://www.forbes.com/sites/panosmourdoukoutas/2016/12/09/is-bitcoin-better-than-gold/#42ccc567c143
Does this make Bitcoin a better long term investment than gold?
It’s hard to say, as past performance isn’t a guarantee for future performance, as the old adage goes in Wall Street. Besides, Bitcoin has been around for a short period of time.
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.
To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.
~~
Original Story: http://www.forbes.com/sites/panosmourdoukoutas/2016/12/09/is-bitcoin-better-than-gold/#42ccc567c143
For speculators and traders who want fast profits bitcoin is better than gold.
For long term investors,i`m not sure,maybe gold is the better option.
i think its not to compare bitcoin with gold because if we see now, bitcoin is not use by the most people, but gold, everybody know as a good investment and the price is stable for short, middle, and long term. the other reason is gold have physical form depend of bitcoin. but i agree that bitcoin is better than gold for future because the blockchain technology is design to make the transaction more simple and more low fee to do. but unfortunately, the most people is not yet to know about bitcoin and government itself is not ready to make a good statement about bitcoin so we should wait for some other time for this.
every investment there are advantages and disadvantages. bitcoin is investing for the short term. while gold is a safe investment that requires a fairly long period of time. we should be able to choose which ones fit with expertise and our ability to invest.
I dont think bitcoin can be good for long term investment. It can drasticaly drops the value when big whales dump their holdings. Gold is more stable than bitcoin. So if you want growing money safely. Then gold is good for you. If you want earn more, then bitcoin is good for you. Bitcoin can really make you more profit. But for stability, gold is better. It is tested for many centuries.
Well, it is very relative to think that a greater performance is necessarily a better advantage, because most bitcoiners need to be aware that the price of the bitcoin needs a more consistent stability and less volatility to make the Btc a reliable currency.
I think many companies and investors will prefer to stay aside from this ecosystem while these large price variations persist.
I think many companies and investors will prefer to stay aside from this ecosystem while these large price variations persist.
Well, no. If bitcoin is a stable currency relative to the USD then that means bitcoin is essentially no different in value to the USD... And USD is a centralised currency that can be manipulated.
Bitcoin should be a store of value instead of store of USD value.
Well, it is very relative to think that a greater performance is necessarily a better advantage, because most bitcoiners need to be aware that the price of the bitcoin needs a more consistent stability and less volatility to make the Btc a reliable currency.
I think many companies and investors will prefer to stay aside from this ecosystem while these large price variations persist.
I think many companies and investors will prefer to stay aside from this ecosystem while these large price variations persist.
Nobody can tell that which is better because Gold outlast for a century that it is always increasing value and it is seen by the naked eye while Bitcoin itself is a new player in the game of virtual world. Time is more reliable for me, but Bitcoin really shows the fluctuation that no currency has ever did.
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