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Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on May 06, 2020, 05:32:28 PM

Title: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: sirty143 on May 06, 2020, 05:32:28 PM
Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold

(https://i.imgur.com/Kik1JjTl.jpg)

A Bloomberg analyst believes Bitcoin presents a more attractive supply model than gold... See more for yourself here (https://cointelegraph.com/news/bloomberg-analyst-gives-a-simple-reason-why-btc-is-better-than-gold).

Your opinion is greatly appreciated.
Title: Re: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: Senin on June 26, 2020, 04:50:18 PM
Bitcoin has its advantages and disadvantages, and gold has its own. As financial assets, they are basically diametrically opposed in quality. Therefore, they are hardly worth comparing among themselves. For this, Bitcoin needs to exist for at least several centuries. After that, it will be possible to give them a certain grade.
Title: Re: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: TomPluz on June 27, 2020, 10:09:20 PM
Quote from: Senin on June 26, 2020, 04:50:18 PM
Bitcoin has its advantages and disadvantages, and gold has its own. As financial assets, they are basically diametrically opposed in quality. Therefore, they are hardly worth comparing among themselves. For this, Bitcoin needs to exist for at least several centuries. After that, it will be possible to give them a certain grade.

You said it right. Gold and Bitcoin can be good assets to invest with, but they are not on the same category. I would love gold also because I am sure that it is valuable and it has many uses that Bitcoin could not do. As far as a currency, Bitcoin has a big advantage because it can be transferred fast and to anyone in the whole world.
Title: Re: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: Cryptoz on June 28, 2020, 11:51:42 PM
If you want to get high profits quickly, choose Bitcoin. But f you want to get significant and also regulated profits, for long term investment, gold may be better. However, it will always depend on how you manage your funds for investment in order to take part on it.
Title: Re: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: Alcor on July 01, 2020, 06:59:03 AM
Gold will always be gold with its stable demand, and a decentralized cryptocurrency, probably, will always be a financial asset with an increased risk. For most indicators, these are almos opposed financial assets. Therefore, they are hardly worth comparing among themselves. Big seen in the distance. At least in a hundred years it will be possible to make at least some comparison.
Title: Re: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: Tanimariya on July 01, 2020, 07:25:03 AM
I don't think bitcoin needs to be graded. Bitcoin is the king of the crypto world. Bitcoin is not currently controlled by any organization. bitcoin governs the entire crypto currency world. So there are various plans and comments about bitcoin. So there is no possibility of any complication with the increase in popularity of bitcoin. Because the king never bows down to his subjects.
Title: Re: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: kent47400 on July 03, 2020, 01:46:35 PM
I also think that Bitcoin is simple and can be had easily on all of our smartphones.
And this we don't need to carry dozens of kilograms for weight, even this digital asset Bitcoin can only be seen on smartphones.

If we refer to the gold we have 3 kilograms which is equivalent to 5,000,000 USD, then Bitcoin only needs 5,000 Bitcoin to reach 5,000,000 USD and does not have a simple weight and can be taken away easily using a smartphone.
Title: Re: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: ShadowCrypto on July 04, 2020, 05:52:21 AM
Well, gold have some more usecases than just simply store of value, all electronics nowadays needs gold to work properlyt, but as money Btc is really better.
Title: Re: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: Paglamon on July 04, 2020, 06:19:45 AM
Excluding Bitcoin from me or you will not diminish its prestige. Bitcoin users are scattered all over the world. So its popularity is unlikely to be low. No one manages bitcoin. The popularity of bitcoin depends on the user. bitcoin does not rely on any country's approval. So I think bitcoin is the king of the crypto world.
Title: Re: Bloomberg Analyst Gives a Simple Reason Why BTC Is Better Than Gold
Post by: LogiC on July 04, 2020, 08:46:24 AM
I dont agree. Gold has an economic value while bitcoin dont have that reputation to be considered as economic indicator. Yes we are all bitcoinist but we must technically compare when it comes to valuation. Gold is backed by real currency whole bitcoin is not. I know its not under government authority and thats it advantage but use case and peoples opinion? Not to level both in the same league yet.