So Bitcoin is better than Gold? - page 44.

Xester

hero member

Activity: 994

Merit: 544

Quote from: rickyleatham on October 21, 2017, 04:31:36 AM

It is very hard for us to determine which one is better, bitcoin and gold do have their advantages and disadvantages, we us bitcoin to invest on internet and it is a digital currency, but it very unstable dispite higher price than gold, gold is physical currency but long term investing, so we cant compare which one is better.

Actually we can but you are right that each has its own advantage. For me, having no money to buy gold, I would go and think that bitcoin is far better than gold. You cannot buy gold and cannot own some. While bitcoin can be earned and can be used to buy gold.

rickyleatham

member

Activity: 126

Merit: 10

Get your share of the future

It is very hard for us to determine which one is better, bitcoin and gold do have their advantages and disadvantages, we us bitcoin to invest on internet and it is a digital currency, but it very unstable dispite higher price than gold, gold is physical currency but long term investing, so we cant compare which one is better.

truthstalker

full member

Activity: 136

Merit: 100

Quote from: Alok Yadav on October 21, 2017, 04:27:12 AM

Then there are a couple of advantages that make Bitcoin better than gold, at least for the millennial generation, which understands the digital currency better than the baby-boomer generation.

Unlike gold, for instance, Bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions.

Then, there’s scarcity. Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.

To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.

Especially if they don’t quite understand the nature of the digital currency.

Gold still has a hard limit no matter if more people mine for it. I'm not sure on the estimate for the limit. Bitcoin has a known limit of 21 million which is estimated to be mined in around 100 odd years.

Bitcoin can be sent as a gift. You can buy gold plated physical bitcoin which has the private key on the back.

Alok Yadav

newbie

Activity: 28

Merit: 0

Then there are a couple of advantages that make Bitcoin better than gold, at least for the millennial generation, which understands the digital currency better than the baby-boomer generation.

Unlike gold, for instance, Bitcoin is a convenient medium of payments around the globe, though for a limited number of transactions.

Then, there’s scarcity. Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.

To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.

Especially if they don’t quite understand the nature of the digital currency.

stayeduptolate

hero member

Activity: 980

Merit: 502

Quote from: David Horton on May 18, 2017, 05:42:58 AM

So Bitcoin is better than Gold? Roll Eyes

Although bitcoin’s price has defeated that of gold. But still I don’t think that bitcoin is better than gold because firstly, gold is a precious metal and its value keeps on increasing with time. Then it has a physical identity. Gold is a stable form of currency therefore its value does not fluctuate often. Gold is regulated by government which increases its stability and pretexts it from falling. Lastly gold is much more popular and in usage than that of bitcoin and its demand is increasing day by day.

borislt

newbie

Activity: 29

Merit: 0

Yes some people suppose so and I also think about bitcoin much greater than gold.

wagi

full member

Activity: 196

Merit: 100

Bitcoin and gold have their own advantages. I think those have no better since they walk in different way.
But i can choose, i will choose bitcoin since bitcoin has big potential to make me money more than i think.

musbeto

member

Activity: 75

Merit: 100

Quote from: David Horton on May 18, 2017, 05:42:58 AM

So Bitcoin is better than Gold? Roll Eyes

Its value is higher than gold but I think if it talks about gold futures it is more stable than bitcoin. You can not be sure that bitcoin can exist in the next few years, but gold can still exist.

Klestar

full member

Activity: 210

Merit: 100

Quote from: David Horton on May 18, 2017, 05:42:58 AM

So Bitcoin is better than Gold? Roll Eyes

For now i think bitcoin is better than gold becuase if you see the value of bitcoin is totally increasing so that's why i'll sure 100% that now and after 10 years the value of gold surpass by the bitcoin so bitcoin is better than gold.

Foromany

newbie

Activity: 42

Merit: 0

Bitcoin is far more worthwhile than gold at the present electronic planet. Now a times bitcoin buying and selling give you a greater income than gold. But bitcoin enterprise is not risk totally free like gold. We can only guess about bitcoin long term but we can not positive about bitcoin’s potential market. Gold industry often operate about the globe. Many of the countries of the entire world did not help bitcoin nevertheless but gold is supported by each nation. There is not a solitary place in the world who is not entail with gold. We can say that bitcoin can give you a limited time profitable company in which gold give you a longtime lucrative business. More than all bitcoin is the ideal for trading in the electronic world’s trade market. Bitcoin is digital coin it is ideal for electronic entire world and Gold is prefect for both of offline and on the internet marketplace.

hynext

full member

Activity: 350

Merit: 105

In many ways bitcoin is better than gold. For me gold and bitcoin are the same value. You can do a lot for bitcoin. Gold is a good investment not risky and bitcoin is risky but it depends on holder. I'll go for Bitcoin it's better and greater than gold.

ASICHEAD

hero member

Activity: 552

Merit: 500

Quote from: DrYe5 on October 17, 2017, 02:44:34 PM

Quote from: drlukacs on October 17, 2017, 02:05:28 PM

Quote from: johnwest on October 17, 2017, 12:59:37 PM

Quote from: RamBahadur.Gurung on October 17, 2017, 12:54:44 PM

Quote from: Emerge on October 17, 2017, 12:33:49 PM

what can i say about this is...the price speak.
what price have gold/bitcoin 5 years ago and now?

OK... fine. You are comparing gold / bitcoin prices from 2012. But what about five years from now? Are you 100% sure that Bitcoin will exist by that time? I am 99% sure, but there is doubt regarding the remaining 1%. And here is the advantage of gold. We can say with 100% surety that gold will be having good value in 2022.

It depends on the demand. As an investment, Bitcoin can beat gold any day, but gold is also used as a jewelry and part of the culture in many countries. So both are good in their own ways.

That is right, when you comparison the profits of investment between Bitcoin and Gold, of course, you can see Bitcoin can gives us more profits than Gold. But the fact, Gold is famous more than Bitcoin and it is also very rare, no one can create more Gold, but Bitcoin still can does that by someone clone from its blockchain through hard fork.

Bitcoins are the future is true. Despite all the time, I think that there is no substitute for something that has been functioning for so many centuries. Maybe in the future such an attempt will be made, but at the moment it seems to me that bitcoins are not able to stand equal to gold.

Why does Bitcoin need to overpass Gold or replace Gold? Bitcoin does not need to do that, what is the benefit for Bitcoin after replace Gold? Even, I do not think Bitcoin can replace Gold about the jewelry for life.

shohelalam

full member

Activity: 197

Merit: 100

Quote from: David Horton on May 18, 2017, 05:42:58 AM

So Bitcoin is better than Gold? Roll Eyes

Obviously Bitcoin is better then Gold. Gold is not a big asset at this time. We don't get big profit by holding gold.

Gold is just use for jewelry but bitcoin is now big asset at this time.

We can do any thing by bitcoin. we get huge profit form bitcoin by holding.

hurriebra49

member

Activity: 280

Merit: 10

Yes, I think bitcoin is very better than Gold, almost 1 year before one bitcoin is equal to $1200 and now the price of one bitcoin is $5600 the huge difference of $4400 in between one year and that is very awesome profit but if you look on Gold price I think there is no too much profit if you compare with bitcoin, So everyone is clear and vote to Bitcoin.

Beareonetu

newbie

Activity: 24

Merit: 0

I think bitcoin is much better than gold. Simply because it really is foreseeable future is good. And can give large income in upcoming days. It's my own viewpoint. Many thanks.

ngocvan

newbie

Activity: 19

Merit: 0

i really don't think you understand the working mechanism of Bitcoin under the hood. Bitcoin offers literally everything gold offers as an asset plus more. The only disadvantage Bitcoin has over gold are because of mass knowledge of gold over Bitcoin which is bound to change, and gold has utility as a precious metal which is paralleled by bitcoin with it's utility as a money transfer system. One of the best benefits of buy Bitcoin is that it eliminates third party interruptions. This means that governments, banks and different financial intermediaries don't have any authority whatsoever to disrupt user transactions or freeze a Bitcoin account.

catvantuong

newbie

Activity: 56

Merit: 0

I wouldn’t say that Bitcoin is better than gold . Both have their own strengths and weaknesses. But if I were to choose one between the two, I think gold still outweighs Bitcoin in this case. Maybe if Bitcoin goes through more refinements then I’d pick it over gold. It’s still too early for us to ditch fiat currencies and commodities like gold. If systems crash and networks go haywire, I’d rather have something tangible in my arsenal.

The TS makes good points though. As we look at Bitcoin today, more and more users are encouraged to try transacting with bitcoins. Soon, it might just be the number one alternative to real money.

Nathland

sr. member

Activity: 317

Merit: 250

Quote from: David Horton on May 18, 2017, 05:42:58 AM

So Bitcoin is better than Gold? Roll Eyes

No i don’t think that bitcoin is better than gold. Because firstly gold is lot more popular than bitcoin and hence more used. Secondly it is a precious metal and has a physical entity. Thirdly it is stable form of money. Which means that its price does not fluctuate rapidly unlike bitcoin’ price. Then gold is regulated by government and banks which further increases its stability unlike that of bitcoin. So because of the following reasons I think gold is better than bitcoin.

valpes

newbie

Activity: 12

Merit: 0

Bitcoin is far better than Gold. We are certainly familiar with the statement. Bitcoin end users who have prolonged recognized the constructive traits of bitcoin absolutely. 1 of those qualities is that bitcoin is not designed by the central lender or any govt, navigated by a decentralized community that runs routinely with mathematical algorithms so that no 1 can impacted it. Bitcoin value actions are fluctuating purely due to the influence of need and supply laws. In addition bitcoin storage media is also relatively risk-free and can be taken to everywhere, which can be saved on your smartphone. Although Gold, if we have it in adequately massive numbers we may possibly need a selection that should be held in a mystery area so as not to be stolen by other people.

dancingnancy

hero member

Activity: 661

Merit: 500

Quote from: David Horton on May 18, 2017, 05:42:58 AM

So Bitcoin is better than Gold? Roll Eyes

Value wise bitcoin has annihilated gold but, gold is still purchased by many people on the basis of safety and investment . The transaction fees is much less than compared to making and miscellaneous charges of gold. So trading wise bitcoin is the best choice whereas gold is better of as an investment.

Topic: So Bitcoin is better than Gold? - page 44. (Read 53458 times)