Post
Topic
Board Economics
Re: Bitcoin has gone beyond gold prices
by
BaraxLo
on 07/11/2017, 12:15:36 UTC
Bitcoin has now exceeded the gold price, is the choice of bitcoin or gold?

until now, i will choose bitcoin than gold because bitcoin is easy to earn than gold. for bitcoin, if we want to earn bitcoin, we can do by free by playing faucet but for gold, we need to buy it. so bitcoin is cheap and almost without spend any money to earn. so this is the chance for peoples in out there to collect bitcoin.

Indeed, access to get bitcoin is easier nowadays and seems faster/instantly transaction.
Imagine you have $1500 and want to buy gold, how much time and effort to get it? Compare to bitcoin than.
Both of it has high value to store our wealth of course but bitcoin is being trend for now which could double your money in few months

Well in terms of accessibility, it cannot be debated that bitcoin is easier to get than gold. However, gold, I think, would still be the wiser choice because of its acceptability in the market place. I mean gold is a prime commodity that is not so affected by market trends because its value keeps on increasing, although, these days, not as exponential as bitcoins, it still in a good track. However, it's not bad to delve into the bitcoin market while it's hot, and having both gold and bitcoin as a reserve stock would never be a bad choice.

What you are telling is true, still their are 80%+ peoples who dont know about bitcoin so if you want to sell then you have to go for online exchanges to buy or sell but if you have gold investment even in midnight if you go to your friend and ask loan in against of gold, he will be ready to give you. It will take time for bitcoin to get status of gold but bitcoin is more good as investment option.
Yes that’s right and the users of bitcoin bring this revolutionary changes that ts prices has gone high at this level that gold investors are also thinking to invest into this coin and believe me this coin blesses everyone, everyone can get this coin one can buy it one can earn it t is easy to manage and also has neutral behavior for everyone but gold is only confined to rich people who has mass to buy it but bitcoin is not.
Bitcoin has capability to give more than gold and that’s the main reason that people left gold for sake of money making, bitcoin also give easy to use investment as money but in gold this thing is impossible and more of it gold has stable prices but bitcoin prices are rising day by day and that’s true it has diverted the mind of gold industry toward itself to come and invest into it because this generate many times than gold.