So Bitcoin is better than Gold? - page 60.

pushups44

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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

Very interesting graphics. I still think pitting gold vs. bitcoin is the wrong way to approach the two. The advantage gold has is intrinsic value as a tangible form of money. However, bitcoin has some advantages, as noted in the graphics.

daringdiscovered

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Quote from: valentin68 on September 07, 2017, 10:15:54 PM

I was reading some bitcoin forecasts yesterday and someone was saying that for the first time in history, one mont ago or something like this, the bitcoin volatility was 1.14% under the gold volatility of 1.15%. This means that bitcoin was more appealing for investors than gold was for the first time one month ago. When you ask if bitcoin is better than gold I understand that you look at it as an asset. Then you have the answer, as an asset it became better than gold last month.

Gold is not that popular compare to bitcoin, but gold is the currency that we know that is precious because it is a treasure, unlike bitcoin, which is a cryptocurrency but its price is way more expensive than gold, so, I could say that bitcoin is more better than gold, having its advantages is a great thing to use.

valentin68

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I was reading some bitcoin forecasts yesterday and someone was saying that for the first time in history, one mont ago or something like this, the bitcoin volatility was 1.14% under the gold volatility of 1.15%. This means that bitcoin was more appealing for investors than gold was for the first time one month ago. When you ask if bitcoin is better than gold I understand that you look at it as an asset. Then you have the answer, as an asset it became better than gold last month.

GreenBits

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Quote from: albertorma on September 06, 2017, 07:53:51 PM

Yes, because you dont have to wear it.

LOL. But at least you can wear gold; it's one of the 'features' of an actual, physical substance. You really can't do anything with a Crypto except spend it, or possess it. You can use gold for art, technology, medicine. In addition to all that utility, it's a really old, really trusted store of value. Bitcoin is just numbers, information in a database.

Yeah, it has grown a lot, in price, but why? What has changed that suddenly makes bitcoin so valuable, that we have reached these price levels? This is the same bitcoin we have had, with a fee tweaks, since the beginning.

eleah24

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Well maybe I can say that bitcoin is better than gold because nowadays gold is hard to find. Since many countries are not allowed to mine there is scarcity for gold unlike for bitcoin they are many funds for bitcoin.

Siopao

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Gold have been around the market for a very long time, in terms of stability gold can give you more assurance than bitcoin. However, an ordinary minimum wage earner can't have gold that easy. It would take real hard work for a long time for you to have gold while in bitcoin anyone regardless of age, status and education can have it. You just have to learn how it goes and need patience, for sure all your hard work will paid off.

babarian

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in terms of price, is very true because it is proven in recent months alone bitcoin prices continue to rise sharply.
but if in terms of security I am less so sure of the security of fluctuating prices
although gold prices do not go up as fast as bitcoin but its fluctuations I think are safer

albertorma

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Yes, because you dont have to wear it.

DoublerHunter

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Quote from: Hawkers7 on September 06, 2017, 07:24:50 PM

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

So Bitcoin is better than Gold? Roll Eyes

Not really but it depends upon the situation. Since nowadays, gold is hard to find and hard to deal with, i can say that bitcoin is better than gold. But if you have a mining site that aims and collect gold, well it is better because it is not hard to earn gold as long as you have a source of it. In terms of its value, i think gold is higher than bitcoin but the price of a gold depends on its weight and class.

Even though you have a mining site that collects gold it is still not easy for your to get a lot of gold because it is hard to mine golds and it will take time before you can get a lot of gold and for sure it will cost a lot of money for you to be done so it is a smarter decision to just buy bitcoin directly to a wallet or exchange and keep it for long years and you can earn more profit in bitcoin than to what you can earn in gold.

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

So Bitcoin is better than Gold? Roll Eyes

Not really but it depends upon the situation. Since nowadays, gold is hard to find and hard to deal with, i can say that bitcoin is better than gold. But if you have a mining site that aims and collect gold, well it is better because it is not hard to earn gold as long as you have a source of it. In terms of its value, i think gold is higher than bitcoin but the price of a gold depends on its weight and class.

mornabo

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Quote from: andrei56 on September 05, 2017, 01:02:56 PM

Quote from: Pettuh4 on August 28, 2017, 12:29:16 PM

Quote from: nrvasquez on August 28, 2017, 12:09:34 PM

Quote from: dave3 on May 18, 2017, 07:08:39 AM

Bitcoin obviously has a lot of different properties than gold, and is in many ways better than gold.

Or, at the very least, you could say it's similar to gold (in terms of value).

Perhaps someday, in the not so distant future, people will be happy to get a few mBTC to store their family's wealth.

Is it true ? I think people are still more confident in gold. although its use is still less efficient than bitcoin. gold is one very good asset to store wealth, even the government also better suggest gold.

I don't see the need for the comparisons here, they both have their pros and cons and Bitcoin is slightly having an edge because it's an online currency and can do more than gold but gold is tangible and can be safely kept than bitcoins which need internet before you can access them

I think it is fair that we compare them, gold has been the point of reference for a lot of time and now bitcoin wants to be the new point of reference when it comes to currencies so unless we can compare them then we will not know if bitcoin is better than gold, and it is clear that since I’m on this forum I think bitcoin is better than gold.

I think it would be fair to compare bitcoin and gold on the investment side instead of currency or other, in terms of bitcoin and gold investments beat each other, many people argue that bitcoin is better because it is more profitable in the short term, on the other hand people also argue gold is better because it's safer, everyone's investment appetite is different so the best of course is different in everyone's view

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Quote from: webmastax on September 05, 2017, 09:23:39 AM

I saw in this forum someone who bought gold with bitcoin. Month later, bitcoin goes from 2000$ to more than 4000$ and gold remains the same price.

I don't think this story shows that bitcoin is better than gold, gold remains the most valuable thing for ever and bitcoin is the best cryptocurrency, but this last can't even touch the gold's brand for people because it is something that we learn at school and we master thanks to the habits and the traditions.

nocturnalsheet

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gold may be forever but the value of bitcoin will be much greater than gold over time

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Quote from: Sonin1944 on September 06, 2017, 12:44:42 AM

Bitcoin is much better in several approaches. The only dilemma, that it is not so steady, but in prolonged terms it displays monster expansion, which gold will never ever see yet again.

The price of Bitcoin has increased tremendously in the past. But that doesn't mean that gold prices are going to stay low for ever. The mine production of gold is declining, and most of the remaining reserves are located in the most remote regions, where profitability is low. And at the same time, the demand for gold is increasing, especially from countries such as China, India and Russia.

Sonin1944

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Bitcoin is much better in several approaches. The only dilemma, that it is not so steady, but in prolonged terms it displays monster expansion, which gold will never ever see yet again.

Irvinn

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Gold and the digital currency are in different categories of value. However, bitcoin can still be said to be better than gold due to the fact that by rapidly increasing the cost (price), it provides a much greater profit, which it gives gold from keeping it in any bank.

hurain

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Quote from: mmhaimhai on September 05, 2017, 09:42:10 AM

For me in shorter period of time bitcoin could yield more profits but gold have stable future still since price would definitely go up and dont go down unless no people would got an interest on it.

we are expecting more profit from bitcoin, because of the fluctuation in the price of bitcoin, last day bitcoin price was trading below 4100$ but now we can see that it again trading above 4300$ so we have always give good profit while gold is good for saving because the price of gold remain as constant and we can examine a very minor change in the price of bitcoin.

andrei56

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Quote from: Pettuh4 on August 28, 2017, 12:29:16 PM

Quote from: nrvasquez on August 28, 2017, 12:09:34 PM

Quote from: dave3 on May 18, 2017, 07:08:39 AM

Bitcoin obviously has a lot of different properties than gold, and is in many ways better than gold.

Or, at the very least, you could say it's similar to gold (in terms of value).

Perhaps someday, in the not so distant future, people will be happy to get a few mBTC to store their family's wealth.

Is it true ? I think people are still more confident in gold. although its use is still less efficient than bitcoin. gold is one very good asset to store wealth, even the government also better suggest gold.

I don't see the need for the comparisons here, they both have their pros and cons and Bitcoin is slightly having an edge because it's an online currency and can do more than gold but gold is tangible and can be safely kept than bitcoins which need internet before you can access them

I think it is fair that we compare them, gold has been the point of reference for a lot of time and now bitcoin wants to be the new point of reference when it comes to currencies so unless we can compare them then we will not know if bitcoin is better than gold, and it is clear that since I’m on this forum I think bitcoin is better than gold.

olliedickman

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Quote from: drwhobox on September 05, 2017, 09:31:25 AM

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

So Bitcoin is better than Gold? Roll Eyes

Bitcoin and Gold has a lot of difference. Bitcoin is something that you can't hold except for a paper wallet Bitcoin is virtual compared to Gold and Dollar.
They have some pros and cons when it come to portability, Fees Security Etc. Bit coin is something way way fat different from any other fiat and assets.

To me, I think Bitcoin is better than Gold and I will choose to invest Bitcoin. The price of Bitcoin is increasing very fast and it will be up to the sky very soon. Otherwise, A small amount of Bitcoin can be changed into cash in the local exchange very fast.

mmhaimhai

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For me in shorter period of time bitcoin could yield more profits but gold have stable future still since price would definitely go up and dont go down unless no people would got an interest on it.

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