Post
Topic
Board Economics
Re: Bitcoin has defeated gold
by
rockyram
on 20/10/2017, 19:44:09 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.



Ya but.In gold the price may be stable,you no need to worry for the investment. But as you said in Bitcoin only the price of bitcoin is keeps on increasing.Today the price of bitcoin is around 5940$.Just thing about the profit if you invested a month ago it's around 4000$.You will get more than 1700$ as profit.Can you get this from a gold.I think it's not all possible.