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Topic: Is gold better than Bitcoin? (Read 42088 times)

administrator
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November 05, 2016, 08:44:37 AM
hero member
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November 05, 2016, 06:42:07 AM
Gold becomes cheaper, more expensive Bitcoin vice versa. I think this is the main argument to make the right choice. I invest in Bitcoin.
Not at all. Gold isn't the reverse of bitcoin. Their prices aren't 100% relevant since there are still other things that make the price of two move. They don't depend on each other. Just like the guy before me said, you can't compare the price of gold and bitcoin since 1 unit of gold (gram) is not equals to 1 unit of bitcoin (satoshi).
sr. member
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November 05, 2016, 06:11:27 AM
Gold becomes cheaper, more expensive Bitcoin vice versa. I think this is the main argument to make the right choice. I invest in Bitcoin.
how you can calculate which one is more expensive if the units was not the same,if gold was in gram unit then how about bitcoin? satoshi? you can decide which one is more expensive if the units was not the same and you can only compare both by its current price statistic so you can know which one is profitable
you are right about the fact that it is not possible to directly compare gold and bitcoin, as they do not have the same unit. but what he surly meant is, that you can buy a certain amount of gold with $100 and you can buy a certain amount of bitcoin with $100. after one year you can do the same and compare if you got more/less gold/bitcoin then a year ago. if you get for the $100 more gold and less bitcoin at the same time, then gold is getting cheaper and bitcoin more expensive.
hero member
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November 05, 2016, 06:11:04 AM
Gold becomes cheaper, more expensive Bitcoin vice versa. I think this is the main argument to make the right choice. I invest in Bitcoin.
how you can calculate which one is more expensive if the units was not the same,if gold was in gram unit then how about bitcoin? satoshi? you can decide which one is more expensive if the units was not the same and you can only compare both by its current price statistic so you can know which one is profitable
legendary
Activity: 2170
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November 05, 2016, 05:57:31 AM
Gold becomes cheaper, more expensive Bitcoin vice versa.

Not necessarily. It all depends on what time frame you are looking at. If you look at the years from 2012 till late 2015, then Gold has gone down in price significantly, that's right. But if you look at the current year, then Gold is doing a very decent job. It's up around 20% this year, and the year isn't even over.

Gold becomes cheaper, more expensive Bitcoin vice versa.

The same applies for Bitcoin as well. It depends on what time frame you are looking at. If you look at the time between very early 2015 till now, then the price has gone up considerably. But that doesn't mean it will continue doing so in the next years as well. Perhaps the next years will show a slow decrease in price. We don't know.

I think this is the main argument to make the right choice. I invest in Bitcoin.

If that's according to you the reason to invest in Bitcoin, then go for it. Always do your own research instead of taking advice from others for granted.
sr. member
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November 05, 2016, 05:32:18 AM
Gold becomes cheaper, more expensive Bitcoin vice versa. I think this is the main argument to make the right choice. I invest in Bitcoin.
sr. member
Activity: 420
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November 05, 2016, 04:57:17 AM
I believe gold will never go out of fashion and is a finite commodity. I think with bitcoin the only thing that could go wrong is if our civilization expires and we have world war 3, but gold will linger on as money, whatever the civilization. I still like bitcoin though while we have it ll.
when the third world war happens it will be a lot of thefts and other crimes because of chaos. you are sure to use gold to store all of your money, I think it will be hard to save right ?
legendary
Activity: 867
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November 05, 2016, 02:41:59 AM
if compared bitcoin and gold, gold is better because gold is accept in all county
bitcoin still not yet. if compared for an investment bitcoin is better than gold.
sr. member
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November 05, 2016, 02:20:56 AM
gold is gold and gold will always have big value!

That's a fact in gold and we can't argue about it. And if we are going to check the market cap for gold compare with bitcoin, they are really far away from each other. And gold has been proven to be a good investment from the earlier times until today. But for me, we are in new trend and technology where crypto currency rocks.
Yeah, therefore it's hard to have gold but we cannot afford it... So if you want to invest, you should invest on something you can afford and with bitcoin we can invest even with a little amount of money and we have a high chance to grow our investment in the future.
sr. member
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November 04, 2016, 03:09:22 PM
gold is gold and gold will always have big value!
hero member
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November 04, 2016, 01:42:45 PM
Both are equal to me. I buy golds with bitcoin earnings. Though these prices fluctuate, though these two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users who have not yet set security in their systems.
You are doing wrong to buy gold with bitcoin earnings you have to keep your bitcoin as your asset for trade and for future as the price of bitcoin increases much faster and in the future you will earn much high profit.
legendary
Activity: 1526
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November 04, 2016, 01:32:48 PM
Both are equal to me. I buy golds with bitcoin earnings. Though these prices fluctuate, though these two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users who have not yet set security in their systems.
Both have similarities in the features that they offer, but they are not the same.

One of the important differences is that you can use Gold as currency tool in offline transactions, where you with Bitcoin need to be connected to the internet.

Gold is also a favorite option because it is a great hedge against their local fiat currencies in the time the economy is going from bad to worse.

Bitcoin is secure in the way that you can either store it on a piece of paper, or your wallet files in a USB drive, compared to Gold being in a large physical form when hodling large amounts. Is that what you mean?
hero member
Activity: 980
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November 04, 2016, 01:21:01 PM
taking into account the latest developments gold is better than Bitcoin. The growth of prices for Bitcoin very attracts investors and traders. The gold is good to invest for the long term
what is spectacular about a piece of metal to attract investors into gold lets take a chance in virtual reality with tokens inside a computer is worth more than metal at the moment,i don't know how to compare gold with bitcoin in terms of valuation
Those who are very good at making money on bitcoin, and he will take bitcoin very profitable and very positive acquisition. Later, if you wait a while, then all of the coins will bring huge profits while gold is stable in one place with its price.
yeah bitcoin rising its price quickly and bitcoin adoption are also increasing nowadays and i thing bitcoin is much more profitable than gold because gold is very stable and gold increasing its price too much slowly and because people want to invest their money in bitcoin they want to make profit quickly.
newbie
Activity: 28
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November 04, 2016, 09:23:24 AM

"Is gold better than Bitcoin?"



Answer is simple! ... Nope!

Gold is too traceable in this day and age. But maybe if you mine it yourself or if you get a good price for it without giving any identification.
In general gold is really better as it has proven already to be valuable than bitcoin, but for us here who only focus in bitcoin we believe bitcoin can give us more profit in the future, hence we see that bitcoin is more valuable or better that gold.

It is precisely stated. Bitcoin attracted by the fact that there is hope for higher profitability. Gold is a safe investment, but less profitable
hero member
Activity: 2128
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November 04, 2016, 08:28:42 AM

"Is gold better than Bitcoin?"



Answer is simple! ... Nope!

Gold is too traceable in this day and age. But maybe if you mine it yourself or if you get a good price for it without giving any identification.
In general gold is really better as it has proven already to be valuable than bitcoin, but for us here who only focus in bitcoin we believe bitcoin can give us more profit in the future, hence we see that bitcoin is more valuable or better that gold.
I agree gold is better that investing bitcoins. at any point you can use the gold at any places. you make money right away with the gold. but you also should have a bitcoin investment. because bitcoin as well as the gold has a good value.
legendary
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November 04, 2016, 04:28:43 AM

"Is gold better than Bitcoin?"



Answer is simple! ... Nope!

Gold is too traceable in this day and age. But maybe if you mine it yourself or if you get a good price for it without giving any identification.
In general gold is really better as it has proven already to be valuable than bitcoin, but for us here who only focus in bitcoin we believe bitcoin can give us more profit in the future, hence we see that bitcoin is more valuable or better that gold.
hero member
Activity: 924
Merit: 500
November 04, 2016, 03:43:10 AM
A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you

do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think

that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about

60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain....  Wink
Gold is reallt the answer to all our problem when it comes in financial and money problem but it really hard to find gold you need to mine and hook some soil to find some gold but if you are lucky that in your backyard theres alot of gold then you can really make it but as of now i will choose bitcoin it's free to earn .
hero member
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November 04, 2016, 02:42:37 AM

"Is gold better than Bitcoin?"



Answer is simple! ... Nope!

Gold is too traceable in this day and age. But maybe if you mine it yourself or if you get a good price for it without giving any identification.
legendary
Activity: 2114
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November 04, 2016, 01:40:32 AM
I believe gold will never go out of fashion and is a finite commodity. I think with bitcoin the only thing that could go wrong is if our civilization expires and we have world war 3, but gold will linger on as money, whatever the civilization. I still like bitcoin though while we have it ll.
hero member
Activity: 2926
Merit: 636
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November 04, 2016, 12:34:04 AM
Both are equal to me. I buy golds with bitcoin earnings. Though these prices fluctuate, though these two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users who have not yet set security in their systems.
You have a very good way of making your self rich if you can consistently do that. Maybe I am not yet on your level because I am solely focus in investing in bitcoin although I know what benefits gold can bring to me. Maybe sooner or in the future, I will venture with investing gold.
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