Topic: [FORBES] Is Bitcoin Better Than Gold? - page 3. (Read 3645 times)
I would say Bitcoin is a better investment than gold. The problem with gold is that it works only as a way of storing value. In the case of Bitcoin, in addition to being a safe and efficient way to store value, it is also an efficient way of to send and receive money over the internet. Moreover, all this occurs in a decentralized manner.
of course bitcoin is better for now looking at the high price. so people are most interested in something that makes them get higher profit. cmiiw.
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Does this make Bitcoin a better long term investment than gold?
probably because the unstable price makes it special, and when the price goes up, we cannot predict how high it will be
They are different in purpose if you are a virtual guy then you invest on Bitcoin as you can do so much about it because you know where to use it like online/magazine subscriptions or explicit things. About Gold you have to exchange it to fiat and risking your personal information about it the opposite when you use bitcoin.
Unlike bitcoin gold is constantly being mined and turned into jewelry so there is always a demand so the gold is going to stay on the market as long as human lives . sure the bitcoin has its own value and has seen a big pick in the price in the last couple of years compared to gold but you can't compare tow different things it is like comparing food and drink you need them both, plus the bitcoin may end at one point considering how many governments are making it illegal and considering how hard it is to mine it .
Nice capture.now bitcoin investment more profitable than gold but still gold has better advantages than bitcoin.gold accept everywhere in the world but bitcoin not accept everywhere in the world.gold have physical value but bitcoin have not physical value if internet fall bitcoin will fallen down.I dont have gold,I have bitcoin so I love bitcoin 
I think bitcoin and gold investment are now kind of same. Bitcoin is volatile for sure but so as the commodity Gold at some extent. I believe its the time to invest in Bitcoin as it is still unknown to many people, so I think it has a high chance of growing and to be in profit.
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
If one person has say x amount of money, and he invests in gold and not in Bitcoin I would call him really stupid. Bitcoin is insane, gold is good but not my first choice of investment. I would prefer Bitcoin over gold any day, it's strong, price rises, easy to exchange and it's paperless, it's secure. Would love and suggest people only to go for Bitcoins.
In some ways, it is. Bitcoin is virtual only. This makes our cryptocurrency impossible to be counterfeited. We're also taking part to a relatively new innovation that can change the way our world works. Because there's no physical Bitcoin, you can send or receive it at any time without ever thinking whether is it real or fake. At the same time, Bitcoin not existing in a physical form can be a bad thing: if the Internet gets shut down, we're done.
Are you talking about your own internet? Because it is never going to happen when the internet gets vanished from the world as it will be a disaster for the world and i guess that wont happen anytime, and bitcoin without having any physical shape or form can be better than gold in some ways like its price increase and some other factors.
Its hard to compare, its like apples and oranges.
Anyway, i prefer obviously bitcoin easier to transport, easier to spend.
Anyway, i prefer obviously bitcoin easier to transport, easier to spend.
I think bitcoin investment is better than invest on gold.Since bitcoin price is increasing rapidly and hopeffully it will cross 1000$ soon.Besides, we can use our bitcoin anytime in our emergency.But we can't use gold for that.Again, holding bitcoin in cold wallet is more secure than keeping gold.
Both Gold and Bitcoin have great potential and needed worldwide indeed. But Gold isn't accessible online easily, and not accepted as payment processor , we need to convert it into cash or fiat usually, while Bitcoin is accessible for everyone with internet around the world, and in addition its supported as payment processor to buy and sell goods and services online on many marketplaces.
For short term sure bitcoin is best, you would gain a substantial profit within few months but for long terms like 5-10 years plus, I'm not so sure because bitcoin is very volatile, yes I expect it rise but you can never say but with gold its pretty safe choice for long term investment.
in my opinion bitcoin now better then gold with the rate of progressing value and mobility and the security of bitcoin is better then gold so you can't sell gold internationaly there will be extra fees on that and it's more secure with bitcoin to store your bitcoin then gold
investing in bitcoin is generally a lot better than any other investment in the world and it has been this way at least for some time now. but i think it is not right to compare it with gold, since bitcoin is a still new whereas gold is a lot older and also bitcoin is not just an investment like gold you can use it as a currency and that will always give it a big edge.
The characteristics of bitcoin are objectively better than the ones in gold. Gold is a deprecated piece of metal that is just useless beyond its network effect. You could say its used in certain objects but it's not that necessary. As a store of value and as a way to move wealth it's next to no competition against bitcoin.
Bitcoin is valuable because the demand of r it is getting higher and higher but it is hard to compare the two. If there was a world war and the internet didn't exist, then bitcoin would be worthless, but gold will always be around, as it has been for thousands of years, but for now we can still find bitcoin valuable.
Gold is physical while Bitcoin is digital. You can only use Bitcoin if there is Internet or 3G around and you can not send gold immediately from this area to another area. Gold has been recognized for centuries while Bitcoin have its first step on this planet. Bitcoin still need more time to be fully understood by people. However, each of them has difference advantages and disadvantages. Only users can barely know everything about them. Anyway, I suggest using Bitcoin because more people are using it right now and it definitely is our future
Yes, bitcoin is a better investment than gold. I say so as bitcoin price can change in minutes and just might bring you a very large profit, which is not possible much with gold. Also, there are easier and faster ways to invest bitcoin, like trading, and gambling. Easy to earn also. So bitcoin is better investment if you can time it right your profits will maximise.
In my opinion, it does not matter what is better. What matters is will some or even all that speculative value in gold all transfer to Bitcoin? I believe yes. Bitcoin's real potential speculative value has not yet reflected in its current price.
As OP quoted bitcoin is far better compared to gold with its increasing price and profit margin. In the past people considered gold for storing big values. But now people who were aware of digital currency have started using bitcoin for storing values.
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