Topic: Is gold better than Bitcoin? - page 33. (Read 42166 times)

Yeah that's a different story and you can be millionaire instantly or not even millionaire but billionaire depending on the volume of gold coins you are
going to get from that ship wreck. I just remembered the news that a guy got chess with gold coins inside and you know what where did he got
the chess that's full of gold coins? In his backyard. 

yeah not everyone has the gold. I also do not have any gold. maybe buy gold too difficult thing. you have to go to a store of gold and requires a lot of money in your pocket
different if you want to buy bitcoin. you just need an internet connection and you can purchase or find bitcoin easily

When it comes to the amount of money, enough to buy a normal house or something more, there's not difficult to make an adequate comparison.
For the purchase value of the house at $ 200,000 you need about 12 pounds of gold. Then you need authentication, to know exactly Do not fake it with a metallic tungsten inside - such a nuisance was fairly common problem in recent times. Then you have to take care of health and insurance, in order to move it.

 If you move an even greater number, and across the state border, you will also have to declare it and pay all kinds of special charges and fees in addition to the even higher cost of security coordination. Then add to this the cost of currency conversion (after all, how many people who are willing to accept gold directly as payment in full?) - All of these additional transactions will cost you between 10 to 15% of the value of your gold. If we are talking about the house worth $ 200,000, and this house is in another country, you will need 2 more pounds of gold to cover overhead costs.

Bitcoin can be transported anywhere in the world where there is Internet access. He travels with the speed of light. In fact, he does not need to move, because it is placed in the public ledger. You can transport it across the border without any effort as simple as your memory. Paper purses may just be a set of numbers, small enough to fit on a piece of paper the size of a cookie. Hundreds of thousands of places will accept bitcoin to pay to convert it into cash without having to. This can be done using a smartphone.

Bitcoin is better and more convenient than gold.

Gold will always hold value, wherever you go. With the stability of the gold's price, many are still putting their investments on gold. Right now, gold is still better than btc because of it being generally accepted as more valuable than any kind of digital currency available.

Unless your gold coins are dated 500 years old and recovered from a ship wreck. Its a different story then :p

keeping gold is quite risky on all the generations :p . i mean in old age we are scared of pirates and theives and now we are scared of theives. but with a bitcoin wallet i am fully satisfy that it will not be stolen easly

although i agree that gold and bitcoin are not the same thing but the reason for comparison is because they are both a method of investment and they are attracting a lot of speculation. and if you are just making an investment as in just buying and holding to sell on high price then they can be the same. but if you buy bitcoin to use it as a currency then they are not at all similar.

i think bitcoin has its own place and gold has its own place. we should not compare gold with dollar.

Bitcoin and gold are completely different things in my opinion. I don't think comparing them would provide much benefit.

But in comparison, gold is a physical thing and will always be there even when the power goes out. I don't think bitcoin would be too useful if it's a post-apocalyptic scenario where the global power grid is down.

But you need to compare when it comes to investing money, as you will invest only in that product that can give your best returns in future, so I will choose gold over bitcoin as gold will always survive.

gold's price/value increase always but slow
btc price/value can rise very past but it may goes down

you can sell btc any time w/o finding a buyer
you need to find a buyer to sell gold

of course, more expensive than gold so those bitcoin. as my opinion only. 😂

i think there is no comparison between bitcoin and gold. gold has its own value and bitcoin has its own value. i think we should not compare it with each other.

hmm it depends on the people  but for me i will choose gold because it's more secure you can use it like you can make it to became necklace for me but for bitcoin ofcourse bitcoin is easy to trade easy to transfer without any fss gold is you can touch it and gold price is decreasing while bitcoins price is increasing.

Bitcoin is really good at a moment, and you don't need to buy full bitcoin, you can even buy it in small parts and hold if for future which can give you profits equivalent to full btc.

better support bitcoin than gold because not everybody own gold and limited , not like bitcoin any time you need it you could buy and have it and used to quick transactions, if the demand of bitcoin increase the  bitcoin price go higher.

But unfortunately the thousand years of reputed one will be replaced by the new comer. In this digital era, the history of gold will not help it to sustain, where bitcoin is invented for the purpose of ease for digital use.

How gold and silver were replaced by fiats for the purpose of easy currency, same way bitcoin will replace all of them for the purpose of electronic usage.

Gold is transportable and tradeable wealth, thats why in turmoil its valued.   Maybe Asia gets richer and your high level skilled worker (growth economies value skilled labour highest) is then moving thousands of miles away.  This is where he sells his fixed asset like a house and must then purchase goods in that foreign country, in between gold is inevitably involved in foreign exchange even if the man himself does not travel with it.  

The gold under gov buildings is long past a factor in anything, this died with Nixon now its politics and USA as superpower etc.   The whole point of QE and modern debt is we no longer have notes connected with gold, its reliant on creditors like China to hold the debt and use it in goods trading.  Saudi Arabia and Japan also, its a factor in the relations to these economies and anything which shakes those countries upsets us all with dollars.
     Its heavily political with any great upset or turmoil turning the tables from debt value to gold possibly or even bitcoin as we've seen.   Anything is tradable but how well it carries value over time varies alot, gold is the most durable

i dont think so that bitcoin is better than gold. gold has a uiversal value. a precious element. which is recognized for last thousands of year. bitcoin is quite new. it will take so much time to reach to that leve. and there less flexebalixy in the rates of gold as compare to bitcoin

No bitcoin is better than Gold,, because gold's price is going down and bitcoin's price is going up, so mostly people refer to bitcoins who is already using  bitcoins. also bitcoin is a easy way to get earn money, everyone can earn and use it easily instead of gold.