Post
Topic
Board Economics
Re: Bitcoin has defeated gold
by
Sled
on 20/10/2017, 10:53:40 UTC
So many people have claimed this before. Highly unlikely. Both have their place in portfolios, to disregard golds history is a big mistake.

I agree with you. And it is completely wrong to say that gold has been defeated by Bitcoin. Even now, the market capitalization of gold is almost 100 times that of Bitcoin. And even the daily trade volumes of gold is much higher than that of Bitcoin. BTC doesn't even have a well defined derivatives market.

I won't accept your point. What are you talking.I think you know the value of 1 gram gold and 1BTC.One BTC =10 grams of gold.So it's not even good to compare to the gold.My opinion is Bitcoin always greater than a gold.And in the profit sense also ,you will get 10 times of profit in Bitcoin as compaare to gold.So how you say,Gold is greater than a BTC.
It is all about the perspective of the person about the things that we usually see in the different types of place like for investment. There is a side that gold is better than bitcoin and that is the stable market which will not make you afraid to invest since the price of gold is stable and it keeps stabilizing for the next years while bitcoin is just volatile and it makes the investors afraid of putting a lot of money because of the volatility but bitcoin is still my choice in investing because of the fast profit.