So Bitcoin is better than Gold? - page 67.

Pettuh4

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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

nrvasquez

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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.

Rana590

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I think yes. Because in this generation, Bitcoin is a precious asset. By this, we can transection in over the world. The price of it will increase till our planet alive. The market price of bitcoin is more large than gold. So obviously we can say that Bitcoin is better than gold.

Shiversnow

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

So Bitcoin is better than Gold? Roll Eyes

Well, I think bitcoin is better than gold and as of now the price of bitcoin become more expensive. In addition to that, the price of bitcoin is stil not stable but I think the price of bitcoin will increase in the future and it will survive in the future like gold. Lastly, I guess both of them has advantages and disadvantages.

newguy05

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Someone is sitting in the shade today...

It's fair to say that not only is bitcoin hitting record highs, but the market is extremely volatile. Many people have made speculative investments in the currency, with no upper limit to the price of a "coin" in sight. This is not the same on regulated markets, exchange or Gold.

fasdorcas

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Quote from: ALI AKBAR on August 25, 2017, 12:43:41 AM

Bitcoin is computerized.noone can take it from you.and the price of bitcoin is so high.The other hand, gold is physical. it can not be used for any perpose of any time.people can take it from you.so,i think bitcoin is better than gold.

I bet hackers can take it from us if we have not taken some necessary steps in order to secure our wallets. It is very easy to secure your wallets. Bitcoin do not play with the safety of its holder’s life by keeping him anonymous while gold poses a great threat to its owner. Also, gold cannot be used as a currency like bitcoins and it’s not even decentralized. The price rises at a very slow rate.

Herbet Fry

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You can't send payment with gold in under an hour like you can with bitcoin, well you can but you have to ship it and it will take weeks. Roll Eyes

One of the many advantages. Plus gold is so oldschool. This is 2017 not the 1600's.

bangjoe

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Quote from: Wingo on August 28, 2017, 10:05:01 AM

As of today, YES it is better than gold. However, bitcoin is not stable and will not last forever, gold has a stable increase and bitcoin is very volatile. But considering the price, bitcoin had already beaten gold and might even go higher. It is better to invest in bitcoin today than investing on gold. The volatility of bitcoin can be of great use especially for traders.

Currently bitcoin is unstable, but opinions about bitcoin will not last forever is wrong, if bitcoin is destroyed then all altcoin will follow, in my opinion, bitcoin is the only universal currency that survives in the future because everything has been closed digitally. The potential and complexity level of Bitcoin is far away from gold, and risk understanding is the main force of community to continue to be optimistic with bitcoin.

Wingo

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As of today, YES it is better than gold. However, bitcoin is not stable and will not last forever, gold has a stable increase and bitcoin is very volatile. But considering the price, bitcoin had already beaten gold and might even go higher. It is better to invest in bitcoin today than investing on gold. The volatility of bitcoin can be of great use especially for traders.

Metoo.14

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It may be better than gold, but the future may not be as good as gold. Gold is jewelry that does not have to compete with anything but BTC have to compete with many altcoin. So can not be anything at the present time.

Ewinsane

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Quote from: Tron Foundation on August 24, 2017, 12:16:03 AM

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

[im g]http://www.dugcampbell.com/wp-content/uploads/2014/12/Traits-of-Money.png[/img]

[im g width=1200]https://getabitcoin.files.wordpress.com/2014/04/goldvsbitcoinvsdollar.png[/img]

This is a great post!! I was going to come on here and be like - "I like this debate of gold vs. bitcoin, but bitcoin is finite and increases its volume at a decreasing rate. Two characteristics that gold does not have." <-- relevant points I know, but a picture says a thousand words. Well done

I enjoyed the picture also. Bitcoin is finite so is the gold. Why I vote bitcoins against gold is the rate at which its price fluctuates. The price tends to increase more than decrease. It excites me and keeps me in the business. Also, gold is not decentralized nor his owners are anonymous.

rb26

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

So Bitcoin is better than Gold? Roll Eyes

Bitcoin is better than Gold in many aspect. First is the portability. You cannot easily transport a bag of gold that is worth $1M compared to $1M worth of Bitcoin. Bitcoin can go from place to place with just a push of a button unlike golds where you have to carry loads of them. Next is divisibility, you cannot divide gold easily but Bitcoin can be divided into 100M satoshi. Security. Bitcoin is much secured than Gold. Thief can easily snatch the gold out of your hand while Bitcoins are encrypted with private keys. There are many more aspect but these are the top ones.

cexylikepie

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Quote from: totaleclipseofthebank on August 27, 2017, 01:15:30 PM

Quote from: ladydark on August 27, 2017, 10:39:53 AM

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

So Bitcoin is better than Gold? Roll Eyes

Bitcoin is better than gold in many aspects.It gives very huge returns in a small duration of time which could not be expected with gold.Gold could not be easily transferred to other parts but bitcoins could be done easily.We could even buy any products with bitcoins if needed but we could not do so with gold.We could easily store bitcoins even in our pen drive.But gold could not be saved like that.

that is correct. Gold can not compete with bitcoin anymore. Although the pricce of bitcoin is not stable, it always increases and give profit to the uesrs. Therefore, people love bitcoin than gold. Only people who do not know about technology hate bitcoin

Oh, if you have a decisive choose Gold or Bitcoin for keep safe your money in 10-30 years, what is the asset you will choose? I hope you do not reply me your choice is Bitcoin, because really you like crazy fan of Bitcoin Grin

bleachX

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Yes, for my economy condition. bitcoin is better in terms profit than gold. Bitcoin deserves to be prime choice in investing. because it gives a greater gain.

nicosey

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Gold can not be used for settlement. SDRs were mentioned by never materialised. Bitcoin has a chance.

totaleclipseofthebank

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Quote from: ladydark on August 27, 2017, 10:39:53 AM

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

So Bitcoin is better than Gold? Roll Eyes

Bitcoin is better than gold in many aspects.It gives very huge returns in a small duration of time which could not be expected with gold.Gold could not be easily transferred to other parts but bitcoins could be done easily.We could even buy any products with bitcoins if needed but we could not do so with gold.We could easily store bitcoins even in our pen drive.But gold could not be saved like that.

that is correct. Gold can not compete with bitcoin anymore. Although the pricce of bitcoin is not stable, it always increases and give profit to the uesrs. Therefore, people love bitcoin than gold. Only people who do not know about technology hate bitcoin

ladydark

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

So Bitcoin is better than Gold? Roll Eyes

Bitcoin is better than gold in many aspects.It gives very huge returns in a small duration of time which could not be expected with gold.Gold could not be easily transferred to other parts but bitcoins could be done easily.We could even buy any products with bitcoins if needed but we could not do so with gold.We could easily store bitcoins even in our pen drive.But gold could not be saved like that.

doothewop

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I like the clowns and the little dogs

It seems like you're putting a lot of trust in infrastructure when you invest
in Bitcoin as opposed to gold. You need Internet and electricity to run your
wallet and to stay current with the blockchain. Not to mention the whims
of legislators having to do with BTCs status of currency vs asset vs whatever
else. For something that is supposed to be independent of government oversight
and control, it's entirely too dependent on it to exist. When people are hoarding
gold as a hedge, they're thinking, (in some cases), of apocalypse type situations.

When there's no electricity, what then is the value of any crypto?

wuvdoll

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Quote from: 26Aug2017 on August 25, 2017, 09:00:45 PM

for currently yes, but i not sure bitcoin can survive for hundreds years from now, but the gold will survive until this world end. I recommend to use bitcoin 75% and 25% for gold.

Bitcoin will breathe as far as the internet is breathing and I think internet will live till the end of our planet. Hence, Bitcoins will survive. It is also a better asset than gold. The owner can make fast transactions to any part of the world in case of emergency but gold does not give us this facility. Bitcoins beat gold in countless ways.

unknown-user

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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 aspects, it is. The market capital of Bitcoin is way high than the market cap of Gold. Indeed, Bitcoin's rate of increase in terms of market value is high. But still, it is volatile. Its price oftenly decreases but eventually increases. Which is on this aspect Gold is better. Gold has a physical value and also, a more stable market value. If bitcoin will have a stable price, it will be better in gold in all aspects, in my opinion.

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