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Topic: Will BTC overtake gold this month ? - page 2. (Read 5695 times)

legendary
Activity: 1120
Merit: 1000
March 04, 2017, 03:18:49 AM
Bitcoin itself is more valuable than gold digitally no matter if price is $100 or $10000. do you think any government allows you to go and mine gold all by yourself? nope, you can however mine bitcoin and just like when you go to sell gold to receive cash you can sell bitcoin even more conveniently and easily from anywhere just by having a laptop or cellphone.
yes i think both have their own importance, bitcoin is too good for trading and investment and also for shopping. while gold is the best option for saving. if a person has good good amount of money then he can save it form of gold where it will be more save because the price of gold remain too much stable. therefore our money will be more safe in gold. but if you want some investment then good is good for trading.
hero member
Activity: 2912
Merit: 541
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March 04, 2017, 02:01:17 AM
i think its possible if bitcoin is overtake gold this month, but in out there still many people don't know about bitcoin and no matter how much bitcoin price is increase, if people in out there is not interesting with bitcoin then bitcoin is only for bitcoin user and people still use gold for their investment.
jr. member
Activity: 36
Merit: 10
March 03, 2017, 11:42:33 PM
That means achieving market capitalization in the order of trillions of dollars, so I think this will take many, many years, not a few months.
legendary
Activity: 2982
Merit: 1028
March 03, 2017, 11:41:00 PM
The op has gotten right his prediction and bitcoin has finally surpassed gold in price it will be interesting to see if bitcoin can stay there for some time or if gold will overtake bitcoin on the next weeks regardless of that these last months have been eventful for bitcoin and I’m glad to be part of it.
yeah we are waiting for the announcement this if bitcoin will be accepted and if that action will make bitcoin more to move up
as we are seeing more and more supporters are really getting involved and profiting from this investment, very well for all
of us who learn about this before the value went to this now.
legendary
Activity: 1512
Merit: 1010
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March 03, 2017, 11:39:49 PM
The op has gotten right his prediction and bitcoin has finally surpassed gold in price it will be interesting to see if bitcoin can stay there for some time or if gold will overtake bitcoin on the next weeks regardless of that these last months have been eventful for bitcoin and I’m glad to be part of it.

Yes. Crossed the gold value and increasing still.
I don't feel it is right to compare Bitcoin with gold but those are the two major investments used by people around the globe so..

The major advantage with Bitcoin is that you can mine it where as you can't do the same with gold. So Bitcoin will always be better than gold. Smiley
hero member
Activity: 518
Merit: 500
March 03, 2017, 11:30:26 PM
Bitcoin overtook gold briefly today!

https://news.bitcoin.com/bitcoin-worth-one-ounce-gold/


And slow or soon the bitcoin will replace gold be signed with many people who put their whealty in bitcoin than gold,
and for the first bitcoin is higher than gold in the future user's bitcoin is higher than user's gold.
Bitcoin has chance for replace gold and become new gold in internet and bitcoin's price will be increasing around $3000/BTC
because many beneficial of bitcoin that has no in gold.

I personally think that bitcoin will never be able to replace gold. Although the future price of bitcoin and gold will become rivals. Because gold is used to control the circulation of money in each country, then inevitably gold will always be first. Moreover, some rich people prefer gold as a store of their own since the golden form. Unlike the bitcoin that could be stolen anytime by hackers remotely. And I think gold is more secure than bitcoin. Thank you
Well I think in all of instrument investments there are risk include on bitcoin and gold,
the gold can be stolen too if we don't put them on the secure place.
Also the gold can not put in smartphone it is different with bitcoin, bitcoin is very simple
and can be took on every where.
HCP
legendary
Activity: 2086
Merit: 4361
March 03, 2017, 10:58:20 PM
I still don't understand why the fascination in comparing BTC to Gold? It is like comparing apples to emails??!? Huh

It doesn't make any sense at all to be comparing the price of 1 BTC to 1 ounce of gold... they're two very very different things... and tomorrow they could just as easily decide that the unit of measure for gold is 1 lb... and then where would the comparison be? "oh noes... BTC is only $1200... but gold is suddenly $16,000... my BTC are worthless!" Tongue

Yay for BTC increasing in value... but meh at pointless comparison..  Roll Eyes
hero member
Activity: 840
Merit: 502
March 03, 2017, 09:26:15 PM
The op has gotten right his prediction and bitcoin has finally surpassed gold in price it will be interesting to see if bitcoin can stay there for some time or if gold will overtake bitcoin on the next weeks regardless of that these last months have been eventful for bitcoin and I’m glad to be part of it.
legendary
Activity: 1218
Merit: 1007
March 03, 2017, 09:08:44 PM
Bitcoin itself is more valuable than gold digitally no matter if price is $100 or $10000. do you think any government allows you to go and mine gold all by yourself? nope, you can however mine bitcoin and just like when you go to sell gold to receive cash you can sell bitcoin even more conveniently and easily from anywhere just by having a laptop or cellphone.
You can't go and mine large quantities without a permit from the government, but if you get lucky enough there's no-one stopping you from taking a shovel or a pan and going out to get gold yourself. Sure it won't be industrial amounts all the time, but if you're interesting in making a few thousand it is possible to find small gold deposits here and there.

Gold is more universally accepted, however, compared to Bitcoin.
hero member
Activity: 924
Merit: 506
March 03, 2017, 09:01:39 PM
Bitcoin itself is more valuable than gold digitally no matter if price is $100 or $10000. do you think any government allows you to go and mine gold all by yourself? nope, you can however mine bitcoin and just like when you go to sell gold to receive cash you can sell bitcoin even more conveniently and easily from anywhere just by having a laptop or cellphone.
member
Activity: 88
Merit: 13
Cheers!
March 03, 2017, 08:24:27 PM
I can see BitCoin becoming equal with the price of gold in the short term, but keeping it at the inflated prices BTC has been for the last two or three months is unlikely to continue for many more months.  People have to stop thinking of BitCoin in terms of other fiats or as an investment and instead just start using BitCoins instead of fiat.
hero member
Activity: 806
Merit: 503
March 03, 2017, 08:13:36 PM
This is already happenning that bitcoin overtake gold. As we can observe for now, bitcoin is fluctuating its price high. Its continous pumping all the way. The demand is really soaring high that many users are attracted to bitcoin...
sr. member
Activity: 784
Merit: 250
March 03, 2017, 08:00:24 PM
As of Feb 23, 2017

BTC: 1139$
XAU: 1242$

Bitcoin has been on a roll lately and is 9% away from overtaking gold.

Will February 2017 be remembered as the "golden" month for BTC ?
Will it happen in March ?

What do you think ?

Exciting times !

so far as my my friend told me, bitcoin can meet the value of Gold a days or a weeks from now. The price of bitcoin was like an airplane is takinfoff the plane just like up, up in a way. Cheesy
hero member
Activity: 1302
Merit: 532
March 03, 2017, 06:53:44 PM
#99
Look at the chart and you will see what is happening to the bitcoin prices. It has passed 1 once gold sooner than we expect and now, it is certain that bitcoin has overtaken gold. In the future, we will also witness the Bitcoin marketcap will be as big as the gold. People are too excited with bitcoin and they do not want to miss the chance to become rich with this currency
The time has come that we proudly say that the price of bitcoin has overtaken the price of gold but i hope that this continues like this in the future.There was a dip in price of gold in the last few days and i hope we do have a healthy competition and this could hit the news and will attract new investors without a doubt.
member
Activity: 63
Merit: 10
March 03, 2017, 06:25:11 PM
#98
It's not just a matter of price. As already discussed, the market cap is a much more important aspect of it. To illustrate, just remember the launch of zcash, when a single coin was worth many Bitcoins, but the market capitalization was much lower.
legendary
Activity: 1666
Merit: 1001
March 03, 2017, 06:21:58 PM
#97
Look at the chart and you will see what is happening to the bitcoin prices. It has passed 1 once gold sooner than we expect and now, it is certain that bitcoin has overtaken gold. In the future, we will also witness the Bitcoin marketcap will be as big as the gold. People are too excited with bitcoin and they do not want to miss the chance to become rich with this currency

It surely a surprising event, I never imagine that bitcoin can overtake gold, but it already happened in March, it shows that there are increasing number of people interested in bitcoin and because of this, there are so many news about bitcoin, and with this news bitcoin popularity will keep on increase and it will attract more user
hero member
Activity: 700
Merit: 500
March 03, 2017, 05:22:38 PM
#96
I was thinking this will happen near in the future almost 3 or 4 months in the future. But surprisingly bitcoin prices beat over gold prices yesterday itself. But the matter of fact is not to compete with gold but to exceeds to the next level and to set platform for the traders from all over  the world to use it as the main medium of exchange.

But moving toward main stream of adoption this will help a lot. Because outnumbering gold price will be a very good promotion for bitcoins through media. Now we can expect more number of new investors will come and join our party.
hero member
Activity: 770
Merit: 500
March 03, 2017, 04:59:05 AM
#95
Look at the chart and you will see what is happening to the bitcoin prices. It has passed 1 once gold sooner than we expect and now, it is certain that bitcoin has overtaken gold. In the future, we will also witness the Bitcoin marketcap will be as big as the gold. People are too excited with bitcoin and they do not want to miss the chance to become rich with this currency
hero member
Activity: 2310
Merit: 532
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March 03, 2017, 04:27:09 AM
#94
After making the historic ATH by reaching above $1280 bitcoin too have crossed the gold value. This time the price chart shows a steep increase, which is been found to stay above $1000 since February 14. Such a long time stability haven't took place in the past, so this time price will be moving forward potentially.
sr. member
Activity: 406
Merit: 250
March 03, 2017, 04:13:53 AM
#93
Bitcoin overtook gold briefly today!

https://news.bitcoin.com/bitcoin-worth-one-ounce-gold/


And slow or soon the bitcoin will replace gold be signed with many people who put their whealty in bitcoin than gold,
and for the first bitcoin is higher than gold in the future user's bitcoin is higher than user's gold.
Bitcoin has chance for replace gold and become new gold in internet and bitcoin's price will be increasing around $3000/BTC
because many beneficial of bitcoin that has no in gold.

I personally think that bitcoin will never be able to replace gold. Although the future price of bitcoin and gold will become rivals. Because gold is used to control the circulation of money in each country, then inevitably gold will always be first. Moreover, some rich people prefer gold as a store of their own since the golden form. Unlike the bitcoin that could be stolen anytime by hackers remotely. And I think gold is more secure than bitcoin. Thank you
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