Gold Versus Bitcoin? - page 3. | Bitcointalksearch.org

monsterous

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Quote from: ledu_ico on October 19, 2017, 08:52:14 PM

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

it take gold place Because

1) it can divided to small parts like 1 $

2) price more than gold

darkangel11

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Don't let others control your BTC -> self custody

Quote from: Bram 666 on October 20, 2017, 01:26:54 PM

only thing that BTG made is pump bitcoin price more than 1,000$

Do you really believe this pump is because of BTG that may never be accepted anywhere and that can be trading for something like $10 each? lso, we aren't talking about bitcoin gold here, but bitcoin and physical gold!

Quote from: adam1230 on October 20, 2017, 03:24:13 AM

I search all over the internet but cannot find a chart for bitcoin/gold if anyone knows a chart for this pair please share.
this is a good indicator for price prediction.

http://www.xe.com/currencycharts/?from=XBT&to=XAU&view=1Y
Not that hard to find. You can clearly see that 1BTC used to be worth less than 1 ounce of gold just a year ago, and now it's over 4! IMO that's an incredible gain.

mrcash02

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Quote from: LeGaulois on October 20, 2017, 10:46:56 AM

Investing in gold and investing in Bitcoin is totaly different
People investing in gold are mainly those who are looking to protect their funds in case of an economic crisis, war, or just because they prefer this over their saving account in a bank.
Currently the ones investing in Bitcoin are doing it with the only purpose to generate a profit

Most traditional people prefer gold as usual since much time ago, they don't trust Bitcoin as it appeared recently and many experts that traditional people like to hear don't have a concrete opinion about Bitcoin yet, they just say it's a bubble, a Ponzi scheme and other negative things... But it's true that the main investor of Crypto-Currency world is the speculator and other people trying to make fast profit easily. And what you say is true also, gold is used to keep funds without fear of depreciation in fiat.

Ivan16

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This is difficult question if we follow predicions thay says that bitcoin will be 100k to 500k and we see how bitcoin raise every month or day i will choose bitcoin.

Bram 666

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only thing that BTG made is pump bitcoin price more than 1,000$

solarion

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Quote from: adam1230 on October 20, 2017, 03:24:13 AM

I search all over the internet but cannot find a chart for bitcoin/gold if anyone knows a chart for this pair please share.
this is a good indicator for price prediction.

I am damn sure you have not surf about in online. In February itself bitcoin cost surpasses the one ounce of gold rate. You may another thread in the economics section created in February. I don't what chart you are expecting to see.
If want to see press release about it. Check in CoinDesk news. There you can find what expect to see. Since fatal error passing in the site can't send to here. Check with the instructions you have.

LeGaulois

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Investing in gold and investing in Bitcoin is totaly different
People investing in gold are mainly those who are looking to protect their funds in case of an economic crisis, war, or just because they prefer this over their saving account in a bank.
Currently the ones investing in Bitcoin are doing it with the only purpose to generate a profit

adam1230

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I search all over the internet but cannot find a chart for bitcoin/gold if anyone knows a chart for this pair please share.
this is a good indicator for price prediction.

mathuo 444

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Gold is hardware staff so it can’t loss it is Value

Bitcoin price is higher than gold and if many users trust in it price will be more than diamond

sunsilk

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Before when I see people comparing bitcoin to gold I used to say that gold is a different thing, it's physical investment and it's value is even better than bitcoin.

But things has changed and also my belief as well. Bitcoin can possibly overtake gold's value but not it's place as it's still a different thing, the value of gold can be surpass by bitcoin.

I don't limit bitcoin's value now, as it keeps on growing it can even overcome almost every investment and this is very possible.

iamTom123

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Quote from: ledu_ico on October 19, 2017, 08:52:14 PM

Will bitcoin overtake gold’s place? It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation. Are you hedging in preference to bitcoin over gold?

In terms of value, I think Bitcoin has already overtaken gold and even in terms of potential return of investment (ROI) as gold has had almost flat earnings for the past many years. We have to understand, however, that Bitcoin and gold are two different investment tool or vehicle and they should not be competing at each other. They have similarities but also differences.

Investors and traders know the importance of gold especially in international commerce as it has been called as the safe haven due to its value and stability. Gold can backed the value of a country's currency though many countries had been off the gold's standard a long time ago.

Bitcoin has been very volatile unlike gold and though we now realize that one factor for Bitcoin's popularity is actually volatility there are still many people who are turned off of it. Had I got the big money to invest I would be giving my nod to both gold (for stability and safety) and for Bitcoin (for high ROI and excitement).

Why not take both, right?

Wind_FURY

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Quote from: TanyaDegurechaff on October 19, 2017, 09:12:54 PM

Quote from: ledu_ico on October 19, 2017, 08:52:14 PM

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

It is unlikely that bitcoin will take over gold because the value of currency of a country is based on gold. The more gold you have on reserve the higher the value of the currency is.

Don't you know that most of the countries are not using the gold standard anymore? That age has passed but some countries still do have gold reserves and use them as a hedge against the US Dollar. But that does not mean their currency's value will be higher the more gold they have stored.

Quote

And one of the best characteristics about gold is that it never days and its value almost never decreases. As for bitcoin its value is very volatile it can go from &5000 a coin to $3000 in just minutes depending on the situation, but don't think that being volatile is a bad thing because just like what happened recently that bitcoin price has skyrocketed and many have earned huge amounts of money after they have bought bitcoin even though there is a fud by china. So it really depends on how it is manage and invested and by whom is investing in it. for governments gold is the better option and for companies and individuals bitcoin is better.

Gold is traded in markets around the world, of course its value also goes down. Check the price per ounce of gold today and compare it with Bitcoin per coin.

https://www.bloomberg.com/quote/XAU:CUR
https://www.cryptocoinsnews.com/bitcoin-price/

Set the charts to a 5 year time frame. Which would you buy?

mobnepal

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Have a look at this chart Grin

Bitcoin's price is surging everytime when there is fear in the market because of fuds and hypes. Gold's price is quite stable but what you can get in return after a year by just holding gold is way lower than what you can get with bitcoin. Its risky to invest in bitcoin but if we look at how much you can make it is worth to take that risk.

cyclotronmajesty

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Both are good as an investment and people have more faith in gold only because it exists since long time and in long term people have made good profits from it but its price is not too volatile like bitcoin so if you want to make huge profits in quick time then bitcoin is the right choice for you as even with small investment you can expect best profits depending on the price of bitcoins.

Kemarit

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Quote from: ledu_ico on October 19, 2017, 08:52:14 PM

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Isn't bitcoin has already surpasses in term of its price?

However, there's no doubt that gold has been with us for thousands of years and has a good tracking record. It was even used as payment method during the last World War so definitely gold is a good hedge. Although one advantage of bitcoin is that its inflationary nature. Its supply is pegged at roughly 21M so there's no over production on bitcoin and the value can rise overtime. But gold, with its rich history can't be taken for granted and many gold investors are buying it because its really a 'store of value" and not relying to internet. This is some of the argument that gold holders has, bitcoin network can be disrupted anytime specially in the case of a global war wherein there's no internet. With that said, we must take advantage of them both. If you have the capacity to buy, then diversity and get gold and bitcoin as hedge.

rony01941

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bitcoin price is determined based on the price of gold.
So it will not be able to rise above the saddle.
It will help in overall development of the country.
Hope everyone can understand.

mk4

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Depends how much gold you're referring to(ounce,gram,kilo). I'm going to assume you meant a Kilo of gold (currently around $41,350) since bitcoin has already surpassed the price of an ounce and a gram of gold. Will it overtake the price of a kilo of gold? I believe so as it's very possible. The only question is when.

Quote from: TanyaDegurechaff on October 19, 2017, 09:12:54 PM

Quote from: ledu_ico on October 19, 2017, 08:52:14 PM

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

It is unlikely that bitcoin will take over gold because the value of currency of a country is based on gold. The more gold you have on reserve the higher the value of the currency is. And one of the best characteristics about gold is that it never days and its value almost never decreases. As for bitcoin its value is very volatile it can go from &5000 a coin to $3000 in just minutes depending on the situation, but don't think that being volatile is a bad thing because just like what happened recently that bitcoin price has skyrocketed and many have earned huge amounts of money after they have bought bitcoin even though there is a fud by china. So it really depends on how it is manage and invested and by whom is investing in it. for governments gold is the better option and for companies and individuals bitcoin is better.

Bitcoin's volatility is normal due to it being a very new asset, unlike gold. But yes, gold's price is drastically less volatile.

TanyaDegurechaff

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Quote from: ledu_ico on October 19, 2017, 08:52:14 PM

Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

It is unlikely that bitcoin will take over gold because the value of currency of a country is based on gold. The more gold you have on reserve the higher the value of the currency is. And one of the best characteristics about gold is that it never days and its value almost never decreases. As for bitcoin its value is very volatile it can go from &5000 a coin to $3000 in just minutes depending on the situation, but don't think that being volatile is a bad thing because just like what happened recently that bitcoin price has skyrocketed and many have earned huge amounts of money after they have bought bitcoin even though there is a fud by china. So it really depends on how it is manage and invested and by whom is investing in it. for governments gold is the better option and for companies and individuals bitcoin is better.

ledu_ico

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Will bitcoin overtake gold’s place?
It might be the case investors and adopters will use both gold and bitcoin, revealing either/or debates to be more about blackening bitcoin’s reputation than substantial analysis. Legacy banks usually prefer status quo to radical innovation.
Are you hedging in preference to bitcoin over gold?

Topic: Gold Versus Bitcoin? - page 3. (Read 1416 times)