Quote from: Harry Callahan on May 01, 2017, 08:35:50 PM

Quote from: nethead on May 01, 2017, 07:05:11 PM

Yes and I think bitcoin is better then gold when it comes to an investment as bitcoin will surely take over the gold in long run and it will give us much better returns on our investments which may not be possible with gold.

Speculation is that bitcoin could over come the price of gold pretty soon because of the nature of bitcoin and it is limited in nature and with more user flocking into it ,the price is bound to increase with every investments and that wont be the case with gold,gold had its run a few years back when it had a good rally and people made the most out of that market and now it is the chance of bitcoin market to shine and remember gold is just a commodity where as bitcoin can be termed as a currency as well as a commodity.

I think that you might forgot about the very important fact: the bitcoin price already exceeds the current value of gold.
Especially nowadays, when we have seen such a big rise on the BTC/USD chart. It has gone up from 1200-1250 to 1330 (with 1377 all-time high) and really shortly after that, BTC just went straight on to 1420$ area.
I really did not expect such a high burst of the BTC price especially in the times when we see many disadvantages of bitcoin. There are many problems with blockchain network bandwitdth, I even have that trouble currently: my transaction did not get confirmed after 5 hours, when the fee is exactly 0.00035 sats. All that uncertainity is a little bit annoying for every BTC user.