So Bitcoin is better than Gold? - page 94.

Babyrica0226

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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 really better than Gold, because of its aggressive volatility while gold is not volatile.
And bitcoin so far was close to 3000$ and become more higher depending on the demand of the community user of bitcoin.

kynaz

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Bitcoin is better than gold because gold can only hold but can not trade, Bitcoin can trade and be completely anonymous. Bitcoin prices are increasing over the past few months, a good sign to buy Bitcoin instead of gold

Phyton76

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Quote from: mobnepal on May 18, 2017, 08:42:16 AM

Quote from: tonmlike on May 18, 2017, 08:21:31 AM

Personally, I think BTC is better. After all, BTC can be paid quickly and globally, and at the same time, it's safe and convenient.

And on top of that bitcoin supply is limited and demand is growing because it is more convenient to buy. As well as it is easier to hold bitcoin for long term and if we compare return over holding bitcoin and gold for last 5 years, profit from holding bitcoin is way higher than that from gold.

Yes i guess it is really obvious today but gold is more like a precious thing and can be stolen to you unlike bitcoin cannot be stolen unless they know your password but also bitcoin is good for ivestment and it is the best in transaction worldwide.

Gameroid

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Quote from: ppaul15 on June 20, 2017, 04:59:49 PM

Bitcoin is constantly better than gold because it may be transferred easily in a span of mins or hours depending on blocks.
And bitcoin also can have by any people just by buying online unlike gold is hard to find.

I will select both, but in fact it depend on your interest that for what purpose you are going to select bitcoin or gold. if you want to select bitcoin then it is good for trading and increasing the amount of your money while gold is best for saving your money because there are more chances that its value will not decrease. but there are always chances that some one can steal your gold.

Sundark

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Quote from: Daniel_West on June 20, 2017, 02:54:10 PM

Shininess is our all! Gold is shiny, therefore it wins.[/b] Btw, while BTC is much more convenient to use, with gold you mustn't be afraid that it becomes worthy of nothing really quick. And the changes in the gold's value are not that huge.

The volatility of the gold is not as high a bitcoin's but also far more explosive that regular fiat. Fiats are being monitored and regulated on the fly by central banks.
Gold because it is a commodity cannot be influenced as hard.

In 2013 gold was worth almost ~$1800 and its value gradually dropped to ~$1100 in 2016. I wouldn't exactly say that the price of gold is not volatile.

ppaul15

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Bitcoin is constantly better than gold because it may be transferred easily in a span of mins or hours depending on blocks.
And bitcoin also can have by any people just by buying online unlike gold is hard to find.

arlinxoha

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Bitcoin is good because I can trade with it. And I can profit with it. But gold also good because it's safe and risk free. So you can go for any of it.

hurain

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Quote from: dey90 on June 19, 2017, 12:44:58 PM

For the long term gold is always better, but for now bitcoin is becoming more popular after a higher rise but with unpredictable time for the long term.

even after long long time you cannot make such a good money from trading Gold that we can expect from bitcoin. actually the popularity of bitcoin is increasing from time to time and therefore the demand is also increasing. which in turn increase the price of bitcoin.

vikkyzenna

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Better than gold only in the understanding of its modernity and manufacturability. Well, let's say it is much more convenient to store, buy and sell without leaving home. Or anywhere in the world at the same cost.

tayrey

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Bitcoin is better because it is a currency and not only a store of value like gold. Yes it has more volatility but that is because the marketcap is still low.

As an investment bitcoin also wins because it has so much potential whereas gold is around its limit already.

Daniel_West

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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

Shininess is our all! Gold is shiny, therefore it wins. Btw, while BTC is much more convenient to use, with gold you mustn't be afraid that it becomes worthy of nothing really quick. And the changes in the gold's value are not that huge.

robelneo

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Right now I would say it's really much better in terms of profitability I prefer buying Bitcoin because of the potential high profit and I only buy gold as gift but anyway both are good investment but bitcoin now is a much hold asset.

hurain

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Quote from: NanaLelyakova on June 20, 2017, 02:26:21 PM

Bitcoin’s volatility is currently too large to rectify and even begin approaching gold as a portfolio’s favorite reserve position. This is not to say that gold has not experienced lows and highs, but investors like gold because the likelihood of gold’s price changing significantly is much lower than that of cryptocurrency.

This is one of the main attractive features of gold. It is a good way to store wealth, particularly in the face of uncertain international markets when fiat currencies are less solid. Bitcoin’s high volatility may be one of the larger barriers to transcending gold entirely. Furthermore, just because Bitcoin’s price past gold’s doesn’t mean Bitcoin is worth more than gold. In fact, in order to match gold’s market cap of $7 trillion, a single Bitcoin needs to be worth around $500,000.

yes in present time the only reason for which people are giving importance to gold is that it has very stable price and for most of the time it may not be let you down the value of your investment, you can keep saved you money for a long time without any doubt.

NanaLelyakova

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Bitcoin’s volatility is currently too large to rectify and even begin approaching gold as a portfolio’s favorite reserve position. This is not to say that gold has not experienced lows and highs, but investors like gold because the likelihood of gold’s price changing significantly is much lower than that of cryptocurrency.

This is one of the main attractive features of gold. It is a good way to store wealth, particularly in the face of uncertain international markets when fiat currencies are less solid. Bitcoin’s high volatility may be one of the larger barriers to transcending gold entirely. Furthermore, just because Bitcoin’s price past gold’s doesn’t mean Bitcoin is worth more than gold. In fact, in order to match gold’s market cap of $7 trillion, a single Bitcoin needs to be worth around $500,000.

Lorence.xD

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I don't think that bitcoin is better than gold. But I think bitcoin is important as gold.Because in bitcoin you can have a lot of treasure like gold. Bitcoin is so essential as gold because it has a high quantity in amount. And it is both expensive and needed to be treasured.

BarbieCasino

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Quote from: lady Royal on June 08, 2017, 11:52:20 PM

Nope, Gold is better than Gold. Gold is used by everyone adopted by everyone so actually it is better than Bitcoin. Also, Gold is used by people from the very first day of this world, It's being used by the people of earth since it came into being. Everyone knows Gold but there is a big number of people who still don't know what Bitcoin is so, it make it clears.
For all the users here who says Bitcoin is better I appreciate them for encouraging Bitcoin but the fact cannot be changed.

i agree with you but 50% you say gold is better than bitcoin yes every one know gold. Every countries people whoes are developed or undeveloped know about gold value. And wvwry country use thier value in economy.but thier are big number people who donot know about bitcoin. But investment in bitcoin VS investment in gold i think for investment bitcoin is better from gold because bitxoin have high profite.

Vishnu.Reang

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Quote from: cloud69 on June 19, 2017, 01:00:46 PM

it honestly is. the only downside with bitcoin is that it isnt widespread yet. Give it a decade or two, then bitcoin will definitely start winning over gold/FIAT.

I really doubt whether Bitcoin will last two decades. But it doesn't need to replace gold. Bitcoin is a currency, while bullion metals such as gold, platinum and silver are investment assets. You can say that Bitcoin may replace fiat currency. But it is not going to replace gold, since the two commodities serve different purposes.

katepagava

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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, looking at dicreasing of bitcoin i can't say it for sure
But if we r talking about investation than yes, Id prefer BTC

cloud69

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it honestly is. the only downside with bitcoin is that it isnt widespread yet. Give it a decade or two, then bitcoin will definitely start winning over gold/FIAT.

Smarty14392

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Perhaps the most obvious difference between Gold and bitcoin is this: Gold is physical and bitcoin is digital. Yet the distinctions between the two run much deeper.

Gold is a Precious Metal used by mankind as a medium of exchange for millennia. It is also useful in technology and manufacturing, and is appreciated for its beauty in the form of jewelry, art and keepsakes. Gold is widely regarded as a sound long-term investment and a hedge against market volatility.

Bitcoin, on the other hand, is a coded, crowdsourced currency that did not exist until 2009.

But according to me, bitcoin is better then gold.

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