So Bitcoin is better than Gold? - page 108.

ImHash

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That is obvious gold is much better than bitcoin no doubt about it only an idiot would agree, one of the best properties and one important one is in the molecular structure and the way atoms of gold are placed in a way that will block almost every radiation, it also absorbs heat from the surrounding environment which I heard from my brother that causes snakes to be around buried treasures containing gold since they lack any heat producer in their body.
I was talking about the economical advantages of bitcoin over gold not physical advantages. anyways most of the gold is on paper being traded by people and bitcoin is already digital and I wonder what happens if scientists find a way to create artificial gold which apparently they already did the one place is at particle accelerators.

I'm flattered that someone quoted me from the past Cheesy

And I'm not related to those 2 newbies in page 1 making fun of me repeating a word twice like "is" "is" really shame on you Wu for coming after me like this after I called you a small and little man Cheesy

Schuyler

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Gold is still miles ahead in terms of value, but the recent surge in price of bitcoin puts it in a better position as an investment. If we look at it in the short term, it looks like bitcoin is the preferred investment vehicle of the new generation. Let us see how the value holds for a long time and if 1 bitcoin can become even more valuable than a gold bar.

ubercool

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Quote from: Prohodimec on May 18, 2017, 11:13:25 PM

Quote from: n0ne on May 18, 2017, 11:09:25 PM

Quote from: mrcash02 on May 18, 2017, 10:47:28 PM

Bitcoin is better than gold because it's more accessible, anyone can start buying it/holding it anywhere, doesn't matter the amount you have to invest. Gold is harder to find in my opinion and just worth if you hold it physically, otherwise I don't think it's safe. Bitcoin price is increasing a lot also in small time periods, gold doesn't give the same profit opportunity.

It depends, based on the user the importance of gold and bitcoin differs. As quoted bitcoin has got the anywhere accessing option which is quite hard with gold but now this too is available with gold through digital gold investment. In terms of security gold takes the lead as bitcoin operates on its own.

Here I completely agree with you and even in reality it will be clear that gold has a great popularity consistently and the value of the novelty, even if the equivalent of Bitcoin is very different

BTC's popularity cannot be more than of Gold. The features and advantages of the BTC are far better than gold comparatively but gold is something which people like to hold and wear for a long long time. I know some families where Gold is reserved from generations.

Karpeles

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Different stuff that can't be compared exactly. Gold for example can be used for electronics and arts, but use Bitcoin for any out of inside the computer would be impossible, and Gold is something that would not go away with a couple of EMP in some strategic locations. Also not everyone is (or should be obligated to be) in the internet in order to have savings and do transactions(like some kind of mark of the beast).

There is a quote from Satoshi about gold:

"As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:

– boring grey in colour
– not a good conductor of electricity
– not particularly strong, but not ductile or easily malleable either

and one special, magical property:

– not useful for any practical or ornamental purpose

If it somehow acquired any value at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it. Maybe it could get an initial value circularly as you’ve suggested, by people foreseeing its potential usefulness for exchange. (I would definitely want some) Maybe collectors, any random reason could spark it."

Aug. 27, 2010

Prohodimec

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Quote from: n0ne on May 18, 2017, 11:09:25 PM

Quote from: mrcash02 on May 18, 2017, 10:47:28 PM

Bitcoin is better than gold because it's more accessible, anyone can start buying it/holding it anywhere, doesn't matter the amount you have to invest. Gold is harder to find in my opinion and just worth if you hold it physically, otherwise I don't think it's safe. Bitcoin price is increasing a lot also in small time periods, gold doesn't give the same profit opportunity.

It depends, based on the user the importance of gold and bitcoin differs. As quoted bitcoin has got the anywhere accessing option which is quite hard with gold but now this too is available with gold through digital gold investment. In terms of security gold takes the lead as bitcoin operates on its own.

Here I completely agree with you and even in reality it will be clear that gold has a great popularity consistently and the value of the novelty, even if the equivalent of Bitcoin is very different

n0ne

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Quote from: mrcash02 on May 18, 2017, 10:47:28 PM

Bitcoin is better than gold because it's more accessible, anyone can start buying it/holding it anywhere, doesn't matter the amount you have to invest. Gold is harder to find in my opinion and just worth if you hold it physically, otherwise I don't think it's safe. Bitcoin price is increasing a lot also in small time periods, gold doesn't give the same profit opportunity.

It depends, based on the user the importance of gold and bitcoin differs. As quoted bitcoin has got the anywhere accessing option which is quite hard with gold but now this too is available with gold through digital gold investment. In terms of security gold takes the lead as bitcoin operates on its own.

HatakeKakashi

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If you want more fast profit its better you choose bitcoin because the price of this coin increasing daily and for sure few years only you get a lot of money because you choose bitcoin but they have disadvantage of investing in bitcoin what if bitcoin die your money also die what if the bitcoin price dump your money also decrease.

If you want safe investment surely income you can choose gold because the price increasing day by day but the disadvantage of investing gold is you need more years before you see the result.

Bitcoin and gold is both good investment try to look the advanatage and disadvantage of this two.

mrcash02

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Bitcoin is better than gold because it's more accessible, anyone can start buying it/holding it anywhere, doesn't matter the amount you have to invest. Gold is harder to find in my opinion and just worth if you hold it physically, otherwise I don't think it's safe. Bitcoin price is increasing a lot also in small time periods, gold doesn't give the same profit opportunity.

tincan2

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I am a huge fan of precious metals. Mainly silver due to the 75 to 1 gold to silver ratio. Silver is extremely undervalued at this point in time. However the more I understand the Bitcoin, the more I become bullish on Bitcoin and it's future purchasing power. I continue to allocate 20% of my invest-able dollars into Silver on a monthly basis. 60% I utilize to buy more Bitcoin on an ongoing basis. The other 20% I keep in cash for liquidity, investment opportunities and to save for a new condo in 2018. I have paused buying stocks due to them being over valued. However mining stocks still pose a major opportunity for those with the stomach to take the financial risks.

I think Bitcoin has 1 major benefit over GOLD. Transfer-Ability. If I had to bug out, move to another country or anything related I can store my wealth and blast it into cyberspace or place on a PAPER WALLET to migrate elsewhere!

David BTC Silverspoon
~He Who Owns Bitcoin, Makes The Rules!

xIIImaL

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Quote from: SamsungBitcoin on May 18, 2017, 09:17:00 PM

I think as of now yes bitcoin is much better investment than gold, for fast return of investment you will see that in bitcoin. But if you are looking for long term investment and sure investment go for gold less risk and high return for long term investment.

If you looking fast return or long term investment, for both bitcoin would be best option at now and in future. Most of the people think that bitcoin value would fluctuate we cannot judge price anytime. If we see the price rate in the chart and adoption rate since 2014. It tells you the answer for that how much we are safe with the bitcoin. All firms and people underrated bitcoin has been adopting it high range and numbers. Bitcoin will best stock in the world according to me.

rajasumi3

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Bitcoin is always better than gold because it can be transferred anywhere in the world within a matter of minutes.
If bitcoins are kept in a hard wallet then there is also very less chance that the price of bitcoins would be stolen away.

BitcoinGirl.Club

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Quote from: SamsungBitcoin on May 18, 2017, 09:17:00 PM

I think as of now yes bitcoin is much better investment than gold, for fast return of investment you will see that in bitcoin. But if you are looking for long term investment and sure investment go for gold less risk and high return for long term investment.

I think so too.
If I would regard bitcoin to be an asset I would say it performing far much better than gold
and people have gone on to call it the liquid gold I guess its living up to its expectations

SamsungBitcoin

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I think as of now yes bitcoin is much better investment than gold, for fast return of investment you will see that in bitcoin. But if you are looking for long term investment and sure investment go for gold less risk and high return for long term investment.

flower1024

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Quote from: Inkdatar on May 18, 2017, 08:07:40 PM

As far of what I observe now, bitcoin is better than gold. Nowadays, bitcoin is popular in any countries and in terms of its price is currently increasing now. Many users attracts bitcoin to use and its growing daily. Its better than gold because some already earning in bitcoin.

Popularity wise gold is more popular than bitcoins in the whole world. But for fast investment returns bitcoins are good also you should remember that you may lose more money also fast. If bitcoin prices start going opposite side. So I feel both of these products are very good for investment and I will invest more in gold and a slightly lower amount in bitcoins and other cryptocurrencies. The more you diversify your funds, in the longer run you will reduce your investment losses.

Inkdatar

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As far of what I observe now, bitcoin is better than gold. Nowadays, bitcoin is popular in any countries and in terms of its price is currently increasing now. Many users attracts bitcoin to use and its growing daily. Its better than gold because some already earning in bitcoin.

lighpulsar07

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definitely yes, bitcoin is better than gold in terms of price and transactions related stuff bitcoin is easily convertible to cash but, gold is more useful in almost everything in electronics jewelry even in medcine also gold is useful in apocalyptic situations like world war or worse so, it is a must have stuff in our lives. but i am thankful that bitcoin created.

TheWallStreetCrew

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Quote from: btcjoin14 on May 18, 2017, 04:50:22 PM

Quote from: TheWallStreetCrew on May 18, 2017, 01:05:34 PM

Bitcoin is outperforming gold as an investment. And as it becomes more of a hedge against uncertainty, it will do even better. The good thing is that there is not much bitcoin so it has a very strong upside potential.

You are right about Bitcoin being more expensive than Gold when it’s paired against the United States Dollar thought Bitcoin does not have a chance against Gold when it comes down to long-term value.
Gold could be used for pretty much anything and Bitcoin can only be used for transferring to the people who want to collect the coin. Blockchain is the same, it’s basically record keeping.
Gold could survive a most disasters and Bitcoin can only survive a limited amount of disasters until the people start to grow tired of it since there won’t be that much people left on the earth that is computer savvy.

Yes in a major apocalyptic event gold wins. But we dont have those type of events too often.

Jokoin

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The thing is, gold fluctuates much, much less than Bitcoin does currently. Bitcoin is a very volatile currently because of it's liquidity.

However, I too agree from a personal standpoint that Bitcoin is much better than Gold

. Watching the numbers go up, then down, then up again on the CoinCap app is one of my secret hobbies...

White Christmas

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Quote from: Faith Joy on May 18, 2017, 07:54:04 AM

I think bitcoin is not better that gold but is is a very helpful thing for us to invest a gold. Bitcoin is an expensive electronic money so we can use it to gain money and riches here on earth. Like as gold it is helpful for us to use our bitcoin and investments wisely and productively as gold. Bitcoin is a wise thing to use as gold.

Exactly bitcoin and gold helps us for our needs. Bitcoin and gold have a similarity when it comes to value. That's a good idea to use bitcoin to invest gold. This two type of money will help us to be rich someday. Just use it wisely. I agree that bitcoin is not better than gold and thats are some of my reason why i say that.

emezh10

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No doubt bitcoin is better than gold as we can see they are both came from mining and both have a value i guess bitcoin is more expensive when it comes to price and because it is the era of bitcoin but when it come to long term bitcoin is better and have a long term value.

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