Is gold better than Bitcoin? - page 14.

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Quote from: gerXhonza on October 13, 2016, 02:44:52 AM

Quote from: Windpower on October 13, 2016, 12:54:00 AM

Quote from: krishna1 on October 12, 2016, 11:44:49 AM

yes gold is better than bitcoin and any other thing because is it the strongest and the oldest valuable stuff in the whole world but bitcoin is currently not that great but it has a potentiality to become a legend it just need some time and popularity once people started using and trusting in it then it can maybe cross the double value of gold

In some cases it is better, like the reasons stated here, but in some cases Bitcoin is better. Like it is much harder to steal, there are many more ways to earn it and the price is more likely to go up.

Yeah and if you are looking to invest your money then you can start even with a small amount in bitcoins and not you always have an opportunity to earn them in different ways which is not possible with gold.

well, I agree that you can buy bitcoin even in smaller amounts but you can still buy gold too with small amounts. besides it doesn't matter which one you buy or how much you buy it, you should instead think about the amount of fees that you are paying as fees when you buy each of these and how much is the minimum to buy them.

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Quote from: gerXhonza on October 13, 2016, 02:44:52 AM

Quote from: Windpower on October 13, 2016, 12:54:00 AM

Quote from: krishna1 on October 12, 2016, 11:44:49 AM

yes gold is better than bitcoin and any other thing because is it the strongest and the oldest valuable stuff in the whole world but bitcoin is currently not that great but it has a potentiality to become a legend it just need some time and popularity once people started using and trusting in it then it can maybe cross the double value of gold

In some cases it is better, like the reasons stated here, but in some cases Bitcoin is better. Like it is much harder to steal, there are many more ways to earn it and the price is more likely to go up.

Yeah and if you are looking to invest your money then you can start even with a small amount in bitcoins and not you always have an opportunity to earn them in different ways which is not possible with gold.

Yeah, i also have same thinking, because if we want to start work with gold, than should have a big amount, than we start it but instead of it, if we have limited amount and if we invest in bitcoin than we can start our business.

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Quote from: Windpower on October 13, 2016, 12:54:00 AM

Quote from: krishna1 on October 12, 2016, 11:44:49 AM

yes gold is better than bitcoin and any other thing because is it the strongest and the oldest valuable stuff in the whole world but bitcoin is currently not that great but it has a potentiality to become a legend it just need some time and popularity once people started using and trusting in it then it can maybe cross the double value of gold

In some cases it is better, like the reasons stated here, but in some cases Bitcoin is better. Like it is much harder to steal, there are many more ways to earn it and the price is more likely to go up.

Yeah and if you are looking to invest your money then you can start even with a small amount in bitcoins and not you always have an opportunity to earn them in different ways which is not possible with gold.

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Quote from: djank on October 12, 2016, 01:02:27 PM

Quote

Gold could be used during the medieval ages as a form of payment - today it can't - in the future it can't.

I think it can, and the probabilities to that is big, have you ever wondered why every country in this world is stacking gold?
Imo Bitcoin ([Suspicious link removed]bined with Gold is really the future currency. Gold have difficulty in term of big transaction (need space and time to transfer it) but blockchain answer it. Bitcoin have problem with trust (cause mostly people want have wealth that they can touch, see and keep) gold answer it. So i think bitcoin (blockchain) and gold can stand side by side as strong currency (blockchain as a system and gold/percious metals as medium)

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It's so easy to make fake looking Gold, that it would be impossible for the public to determine if it was real or not.

im not sure with that, cause testing fake gold or not is easy, just use magnet or even just bite the gold. but if you want perfect result use nictric acid.

Quote

If the entire world went into massive crisis, with no internet, no fuel, shortage of food etc, I bet you that food/medicine will be the primary currency. I will trade you 2tons of gold for 1kg of food because my family is starving.

when that happen food/medicine/gold still will be a goods. At that time, yes food/medicine have more value rather than gold but also they have limitation which is age, so imo they can't act as primary currency cause of their limitation.

thank you for very good points. Bitcoin in a combination with gold is interesting!

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Quote from: krishna1 on October 12, 2016, 11:44:49 AM

yes gold is better than bitcoin and any other thing because is it the strongest and the oldest valuable stuff in the whole world but bitcoin is currently not that great but it has a potentiality to become a legend it just need some time and popularity once people started using and trusting in it then it can maybe cross the double value of gold

In some cases it is better, like the reasons stated here, but in some cases Bitcoin is better. Like it is much harder to steal, there are many more ways to earn it and the price is more likely to go up.

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Way better when it was disvovered. Now it is just a metal that people are inveating in to or used as a jewelry to prove the value of one person. Now the online investing have been a click to many people that is why they are switching here. We can say we are growing in terms of finance.

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Quote from: krishna1 on October 12, 2016, 11:44:49 AM

yes gold is better than bitcoin and any other thing because is it the strongest and the oldest valuable stuff in the whole world but bitcoin is currently not that great but it has a potentiality to become a legend it just need some time and popularity once people started using and trusting in it then it can maybe cross the double value of gold

Gold is recognized by all over the world and by many people however you need time to earn from it because the value as time passes by increasing and for me its a good asset to keep. both has their own benefits and btc is digital while gold is physical asset.

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Quote from: Aamir1 on October 12, 2016, 12:32:32 PM

Quote from: udin01 on October 12, 2016, 12:16:57 PM

i think maybe in future bitcoin will better than gold, but now gold still better than bitcoin

They both have different merits and demerits, gold is more secure as an investment while it does not earn you too much profits in long term, while bitcoin is not as secure as gold is but it can earn you some great profits in long run, so they are both good in different ways.

Yeah both have their unique advantages so a person should choose according to his convenience, if he can afford to take risk then bitcoin is the best choice for him and if he wants to be safe then gold is the option.

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Quote from: Aamir1 on October 12, 2016, 12:32:32 PM

Quote from: udin01 on October 12, 2016, 12:16:57 PM

i think maybe in future bitcoin will better than gold, but now gold still better than bitcoin

They both have different merits and demerits, gold is more secure as an investment while it does not earn you too much profits in long term, while bitcoin is not as secure as gold is but it can earn you some great profits in long run, so they are both good in different ways.

Yeah for almost members here we are all staying in bitcoin than gold since we can not afford to buy gold but i am planning to buy a gold but made in bitcoin like casascius coin some one are offering this coin here.. so i save a lots of bitcoin the partial i will buy gold casasius coin made in bitcoin.. i collect 5pieces is much better so if bitcoin will increase the price in few years i can sell high my casasius coins.

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Quote

Gold could be used during the medieval ages as a form of payment - today it can't - in the future it can't.

I think it can, and the probabilities to that is big, have you ever wondered why every country in this world is stacking gold?
Imo Bitcoin (blockchain) combined with Gold is really the future currency. Gold have difficulty in term of big transaction (need space and time to transfer it) but blockchain answer it. Bitcoin have problem with trust (cause mostly people want have wealth that they can touch, see and keep) gold answer it. So i think bitcoin (blockchain) and gold can stand side by side as strong currency (blockchain as a system and gold/percious metals as medium)

Quote

It's so easy to make fake looking Gold, that it would be impossible for the public to determine if it was real or not.

im not sure with that, cause testing fake gold or not is easy, just use magnet or even just bite the gold. but if you want perfect result use nictric acid.

Quote

If the entire world went into massive crisis, with no internet, no fuel, shortage of food etc, I bet you that food/medicine will be the primary currency. I will trade you 2tons of gold for 1kg of food because my family is starving.

when that happen food/medicine/gold still will be a goods. At that time, yes food/medicine have more value rather than gold but also they have limitation which is age, so imo they can't act as primary currency cause of their limitation.

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Quote from: KingDice on October 12, 2016, 12:11:35 PM

Yes i would also agree that gold is way better than bitcoin. Also just look back over the centuries and you will see that it had so much value back then, and its still has value at this time and personally i believe that if currency economy disappears for some reason, gold will stay forever

I agree that bitcoin will never surpass gold because of gold’s proven value and history. But we are comparing two different entities here. Tangible and non-tangible stuff.

Quote from: BrewMaster on October 12, 2016, 12:32:15 PM

Quote from: newIndia on October 12, 2016, 11:43:01 AM

Bitcoin is digital gold, i.e. gold of the future.

no it is not. bitcoin is 100 times better than gold.

you can easily buy, hold, and also spend bitcoin with any amount that you want but you can never do the same with gold.

Doesn't it makes gold more precious than bitcoin? The rarity and the tangibility. The cost and of course the proven history Cheesy

. So tell me why are antiques more precious and expensive than wares just created now?

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Quote from: udin01 on October 12, 2016, 12:16:57 PM

i think maybe in future bitcoin will better than gold, but now gold still better than bitcoin

They both have different merits and demerits, gold is more secure as an investment while it does not earn you too much profits in long term, while bitcoin is not as secure as gold is but it can earn you some great profits in long run, so they are both good in different ways.

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Quote from: newIndia on October 12, 2016, 11:43:01 AM

Bitcoin is digital gold, i.e. gold of the future.

no it is not. bitcoin is 100 times better than gold.

you can easily buy, hold, and also spend bitcoin with any amount that you want but you can never do the same with gold.

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Quote from: newIndia on October 12, 2016, 11:43:01 AM

Bitcoin is digital gold, i.e. gold of the future.

That must be true. Bitcoin was basically designed by keeping gold in mind.
Bitcoin has all the properties of gold but in electronic format, so definitely bitcoin must be better than gold. Saving bitcoin over gold surely will benefit us comparatively with more returns. Because bitcoin has better growth rate against gold.

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i think maybe in future bitcoin will better than gold, but now gold still better than bitcoin

KingDice

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Yes i would also agree that gold is way better than bitcoin. Also just look back over the centuries and you will see that it had so much value back then, and its still has value at this time and personally i believe that if currency economy disappears for some reason, gold will stay forever

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Quote from: krishna1 on October 12, 2016, 11:44:49 AM

yes gold is better than bitcoin and any other thing because is it the strongest and the oldest valuable stuff in the whole world but bitcoin is currently not that great but it has a potentiality to become a legend it just need some time and popularity once people started using and trusting in it then it can maybe cross the double value of gold

It is true that gold has high value in order for use in our life, it usefulness. and since centuries ago until now people always collect it as medium of exchange or for investment, gold has massive adoption worldwide. But I think bitcoin has several advantages compared to gold, even now the price of bitcoin higher than gold, if we calculate BTC1 equal 15gr of Gold. Moreover, you can transfer bitcoin worldwide easier with low cost than gold.

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yes gold is better than bitcoin and any other thing because is it the strongest and the oldest valuable stuff in the whole world but bitcoin is currently not that great but it has a potentiality to become a legend it just need some time and popularity once people started using and trusting in it then it can maybe cross the double value of gold

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Bitcoin is digital gold, i.e. gold of the future.

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Quote from: JumperX on October 12, 2016, 09:30:04 AM

Quote from: Ulloa on October 12, 2016, 09:27:24 AM

No I do not think that the gold is better because it mostly takes a long time to make profit with it and with the bitcoin you can make huge profits in a pretty small time plus you can also pay with it too.

No doubt gold will take time to give you profits but the profits are guaranteed in long run and you can also have relief that gold will never disappear and will always survive in future.

That is what is running in my mind now. Because I see bitcoin like gold. Both are mined, both are using like an investment and gold is like a currency way back. It is almost the same and bitcoin have been also rising the same way as gold and it is almost half its price now.

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