So Bitcoin is better than Gold? - page 49.

Getmon

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

So Bitcoin is better than Gold? Roll Eyes

In some ways. But in some ways also, gold is better than gold. The good thing about bitcoin is that it is fast growing in value and then at the same time you can also spend it to purchase the stuff that you need and want. But in terms of stability, gold is much more established and trusted.

michaelch

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I think in some ways, bitcoin is better gold. Especially right now and in the past few years, where it is in its infancy in gaining its reputation and acceptance in society, almost like a gold rush if you will.. Grin

EEEian

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Yes absolutely Bitcoin is better and more expensive coin in the whole world through gold.Bitcoin price $4300 per coin on the other hand Gold Price Per Ounce $1277 that means big different between two.

jsscswan

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

So Bitcoin is better than Gold? Roll Eyes

I think bitcoin is better than gold in terms of price, function, security. But gold is also better than the usability to make jewelry, facial health like gold masks, and as other precious metal art

LenyaPoker

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No, bitcoin is not better. we have been using gold for hundreds of years, and bitcoin is only a few years old. maybe in a few years it will disappear.

shunga

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

So Bitcoin is better than Gold? Roll Eyes

Yes bitcoin is better than gold because bitcoin can easily earn or get while gold is hard to get or find. bitcoin is easy to transact while gold is not because we need more papers before we can get it. bitcoin can easily to buy but gold are not. To get bitcoin we dont need an extra hard work while gold are need more and more extra effort.

koralan

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Bitcoin in the world crypto currency is gold. In a sense, bitcoin is information gold. But while the whole world does not fully recognize the crypto currency, it can not be real gold.

Conevesses1976

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It is simpler to retailer gold than constantly preserve a community of blockchain.

Jeger

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Yes technically Bitcoin is way way way better than any currencies or Gold. You can bring your cryptocurrencies anywhere in the world as long as you remember 12 word phrase or you have a flashdisk containing your private key or you have your paper wallet or even just your phone! You can transfer $$$ worth of Bitcoin for less than $10 in fees and get it transferred to other part of the world in less than 30 minutes. Also Bitcoin is immune to war, disaster, and etc because it is a digital asset.

mornabo

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Quote from: mostkey on October 03, 2017, 07:16:35 PM

Quote from: dynospytan on October 03, 2017, 07:04:19 PM

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

So Bitcoin is better than Gold? Roll Eyes

For me yes. As you can see of the price of bitcoin I can actually say that its better now than gold even though I don't know the price of gold now. Aside from that bitcoin is easy to earn than gold. In bitcoin you just need a internet and device to earn it and its hassle free when it comes in withdrawal.

and true bitcoin can be used anytime and can be utilized for anything else gold does tend to be used as jewelry and not a good investment, I think this is the reason why people prefer bitcoin rather than gold, the relative gold value this stable is offensive with the value of flexible bitcoin prices

I think if gold is not a good investment as you said, surely millions of people on earth will not invest in gold? but the fact almost family in the world certainly have gold investment ? you say that gold is a beautiful jewelry right ? and that's what keeps the gold have high price, because gold is a beautiful jewelry and difficult to find thats make gold worth to invest

xbl1008

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yes now that the price of bitcoin is higher than the price of gold bar. of course both are treated as safe haven assets but bitcoin has the potential to grow much faster despite that SEC is not yet listing it as a form of asset and bitcoin is more flexible than precious metals for it can be sold straight online..

HasHe

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

So Bitcoin is better than Gold? Roll Eyes

Yes,bitcoin seems to be better than gold in many aspects.
Bitcoin could be easily stored in a wallet unlike gold which has to be stored physically.
Bitcoin could be easily sold any time with just a click from our laptop or system but gold could not be sold like that.
Bitcoin could be easily transacted all over the world instantly but gold could not be done so.
Bitcoins could be used even to buy any products and to pay for services.But nothing could be bought directly with gold.It has to be converted in to fiat currency to buy any thing.

pushups44

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People are forgetting that gold cannot be hacked like bitcoin. Also, given bitcoin's status as a fringe currency in many places, it is less liquid than gold. I don't think both are mutually exclusive like some believe. I think they are complementary and are two forms of alternative investments.

Bayrem

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gold is hard to find but bitcoin is every where now you can get some bitcoins online without any problems so i think for normal people bitcoin is better than gold

cryptobiker

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Quote from: Lauda on May 18, 2017, 05:56:03 AM

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

So Bitcoin is better than Gold? Roll Eyes

Wake me up when you can transfer $1 billion worth of gold for $2 in ~10 minutes from any to any location of the world. Roll Eyes

http://www.dugcampbell.com/wp-content/uploads/2014/12/Traits-of-Money.png

https://getabitcoin.files.wordpress.com/2014/04/goldvsbitcoinvsdollar.png

Excellent description (PERIOD)

XbladeX

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Quote from: Lauda on May 18, 2017, 05:56:03 AM

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

So Bitcoin is better than Gold? Roll Eyes

Wake me up when you can transfer $1 billion worth of gold for $2 in ~10 minutes from any to any location of the world. Roll Eyes

why gold is not decentralized... guys come on REAL GOLD is more decentralized than BTC.
Allmost every citrzen have something gold. Wedding rings? Girls like gold.
Production of gold is speard over world.
MINING GOLD IS DECENTRALIZED you can live in Kongo and look for gold in rivers !!!!
so mining of GOLD is better than bitcoin guys. Average joe can do this. in some areas.

unixlynx

newbie

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it is like comparing a trashcan full of apples with apple's trashcan shaped mac pro Grin

both have a worth and a specific operational area but can't be compared directly. if o n l y as a store of value i would split my investment but lean more towards gold.

Ajan08

newbie

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Apparently, Bitcoin is more popular than gold among investors.
Is it just hype or something fundamental about the digital currency. It’s hard to say. What’s not hard to say is that there’s a growing mistrust of national currencies, following dubious government policies, which has pushed people into Bitcoin.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.

mostkey

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Quote from: dynospytan on October 03, 2017, 07:04:19 PM

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

So Bitcoin is better than Gold? Roll Eyes

For me yes. As you can see of the price of bitcoin I can actually say that its better now than gold even though I don't know the price of gold now. Aside from that bitcoin is easy to earn than gold. In bitcoin you just need a internet and device to earn it and its hassle free when it comes in withdrawal.

and true bitcoin can be used anytime and can be utilized for anything else gold does tend to be used as jewelry and not a good investment, I think this is the reason why people prefer bitcoin rather than gold, the relative gold value this stable is offensive with the value of flexible bitcoin prices

djangocoin

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Activity: 474

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Brave New World

Yeah, the main ones i can think of are:

Weight, gold is heavy and difficult to move.
If you don't own the gold you just own a piece of paper or epaper that says you own the gold (if it physically exists).
When asteroid mining or even the threat of asteroid mining begins, gold price will plummet as the market prepares to be saturated with gold. This is likely only a few decades away.
Gold is not nearly as divisible, and gold atoms don't count :]

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