Topic: Guys please no more talk of Bitcoin better than gold - page 8. (Read 26236 times)

Yes, I will agree to you my friend bitcoin and gold is different in characteristics, so it's not comparable. Bitcoin and Gold has a different in task interms of investment.

Quite right. Gold and Crypto-currency, these are completely different disparate things. They are beginning to be compared to each other, apparently to show the value of bitcoin. It is pointless. The value of bitcoin can drop to zero in one day. Gold remains a value for thousands of years and so far it will be the same value further.

Yeah i agree. There should be no comparison between these two.They are from completely different categories and should not be correlated with each other. it would be better to compare bitcoin to ethereum and other coins.

I like it and if anyone knows satoshi is who I think he deserves the Nobel Prize in economics. It makes no sense, go to Alaska, you can buy anything with gold. Gold has been a shop of wealth for 5,000 years and has a finite number of available and bit-pennies with it many clones with infinite number of numbers to choose from and subdivision

Basically, gold and Bitcoin are the same, and all share the same purpose is a long-term investment. Bitcoin is still too new and still has a lot of risk and Bitcoin will disappear if the blockchain technology breaks down.

Bitcoin and gold are completely different. I think bitcoin is more valuable than gold. If the future blockchain technology is developed, it is very important to encrypt money.

Yeah of course,don't compare the different entities against each other.People like saying bitcoin better than gold because they see it from the profit perspective.Bitcoin can make them gain big profit because it volatility,while gold not,because gold have low volatility.

yes this is true. Btc should not be associated with gold as it is a completely different thing. Both are valuable for everyone so we should not say one will replace the other.

I think you are too naive to compare it, for us especially people who have been involved in this industry for a long time do not mind this debate. in context, we are currently looking for profits on crypto and bitcoin.
so this discussion is irrelevant for now.

I am absolutely sure some folks do not understand what they talk while commenting. It is absolutely important that we stop comparing these metals with btc. The day will come when men will understand that comparing the real and the virtual don't make sense,

This is true because both are money but with different quality and form.

Gold bullion is still illegal to hold. I know for sure that you don't know anything about Gold. It will be confiscated by the government and you can't stop them from taking your gold since it is illegal to hold. All of the Chinatowns in the world are serving as black marketplace for Gold since it is illegal to trade person to person. Only Gold Bullion Certificates can be sold. It is not Gold. They are just certificates. Bitcoin will replace your gold. Gold is not being sold like pancakes. But you can send and receive Bitcoins any time of the day.

Everything has advantages and disadvantages, why we always compare one thing to another. We always think which is better or the best.

Bitcoin and gold are different things. Each of them has its advantages and disadvantages. But one thing unites them.It's capital.There is risk in both cases. And our task is to protect our funds.As for the long term, I would prefer bitcoin. And for daily purchases I use wages.

well, I'm thinking that and I know how Bitcoin and blockchain works.
Imho, BTC is a way better than gold as a long-term investment.
But ofc, this is only my idea

a certain level of comparison will always happen. it has always been with us from day one, so it is not new. people have been on the "parity watch" for a long time.
so logically some people would take it so far as talking about "replacing" gold, specially with how the media sometimes refers to bitcoin as "digital gold".

I think that difference doesn't derive from the origin only. What makes gold different from bitcoin is that it has multiple fields of (physical) application apart from storing value and it's price has been developed through natural demand, while bitcoin only has users' trust, code and technology.

Exactly, I don’t know why people compare these two entirely different things. Gold is a natural thing given to us by nature whereas Bitcoin is a digital currency created by an unknown person. Anyways if you insist on comparing, then yes Bitcoin could compete the gold as in terms of price Bitcoin is much more expensive. But gold is being used as an investment since a long time ago. The amount invested in gold right now is in trillions. Bitcoin does not have such a high adoption rate now.

The problem in here, is that most people who say that bitcoin is better than gold do not even know what bitcoin is, or how does it works.
So do not take it seriously, because they are just posting to increase their activity, nothing more than that.

I'm will not say that diversifying your investments is a bad decision, because it's not, but you can't avoid the comparison between bitcoin and gold. The fact is that bitcoin mimics gold very well, and in fact presents a lot of advantages over that precious metal. It's much more secure, because bitcoin can't be counterfeit. If you receive a bitcoin in your account you know it's real, either you are an expert or not. If you receive gold and you don't know anything about it, you should actually go to a specialist, because it might be fake.

Also, you know the real supply of bitcoin, and you don't really know the total supply of gold. You can also easily spent or store bitcoin, and you can't actually do that with gold, since you don't take gold bars to a store and try to spend them. I know you can't really spent bitcoin very well right now, but it will get there eventually, and you just can't do that with gold, and never will because it's not practical.

The list goes one, and right now, the only thing gold has in it's favor, is that it already well regulated, and people actually trust it, as for bitcoin, there is still a lot of speculation around it, and we can't say for sure that it will achieve all of it's goals, or any at all.

Gold also has many other use cases, and is not just linked to financial markets, but although bitcoin can only be tied to financial use cases, it will be quite good at that, so I can't say that's a disadvantage for bitcoin.