A Question As Old As Bitcoin - page 2.

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Quote from: SaltySpitoon on March 24, 2015, 01:01:28 AM

If you could only invest in one, I'd say gold. As much as I love Bitcoin, its a technology in its infancy, theres no telling if its going to last long term. I think your chances of having a high return are greater with Bitcoin, however you are pretty much guarenteed at the very least some return on gold. Gold has been currency/an asset for 5,000 years. Bitcoin has been for 6 years.

If its not a one or the other choice, why not invest in both?

So you do not believe that Gold will become less valuable in hmmmm maybe 15 years time?
Do you think it will be as valuable as Bitcoin? Or much lesser in value as Bitcoin?

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Welcome to the SaltySpitoon, how Tough are ya?

If you could only invest in one, I'd say gold. As much as I love Bitcoin, its a technology in its infancy, theres no telling if its going to last long term. I think your chances of having a high return are greater with Bitcoin, however you are pretty much guarenteed at the very least some return on gold. Gold has been currency/an asset for 5,000 years. Bitcoin has been for 6 years.

If its not a one or the other choice, why not invest in both?

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Quote from: Get.BTC.Now on March 24, 2015, 12:50:10 AM

The bad thing is, can they understand the 'simple' steps of setting up a bitcoin wallet?

Of course they can. It involves downloading and setting up an app. Many are computer illiterate, but are very familiar with 600-800 dollar smartphones. My employees configure aps all the time on their smartphones.

The reason they aren't doing this in droves right now is because they mainly use physical cash and barter locally. A good percentage of their transactions happen on the grey market where they have no use for bitcoin until:

1) They are educated that Bitcoin exists
2) More and better translations appear for bitcoin and the apps
3) More local exchanges and remittances appear
4) more local merchants accept bitcoin

This will take time to roll out, but is already happening as we speak.

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Quote from: inBitweTrust on March 24, 2015, 12:24:37 AM

Quote from: Get.BTC.Now on March 24, 2015, 12:15:59 AM

What about if I live in a third world country like Philippines? Should I still invest in Bitcoin?

Anybody that has traveled a bit understands that third world countries have billions of poor people that own cellphones and smart phones. People getting paid less than 2 dollars an hour have smartphones everywhere. These same people don't have the means of properly securing physical gold effectively from thieves or a means of transacting with the rest of the world with gold as it mainly serves as a store of value.

Bitcoin is perfect for the unbanked and underbanked worldwide.

The bad thing is, can they understand the 'simple' steps of setting up a bitcoin wallet?

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Quote from: Get.BTC.Now on March 24, 2015, 12:15:59 AM

What about if I live in a third world country like Philippines? Should I still invest in Bitcoin?

Anybody that has traveled a bit understands that third world countries have billions of poor people that own cellphones and smart phones. People getting paid less than 2 dollars an hour have smartphones everywhere. These same people don't have the means of properly securing physical gold effectively from thieves or a means of transacting with the rest of the world with gold as it mainly serves as a store of value.

Bitcoin is perfect for the unbanked and underbanked worldwide.

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Quote from: Chef Ramsay on March 23, 2015, 11:57:53 PM

Always invest in bitcoin, you will not disregard this advice.

What about if I live in a third world country like Philippines? Should I still invest in Bitcoin?

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Always invest in bitcoin, you will not disregard this advice.

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Theres another topic about this, but bitcoin and gold are both very similar and different. Bitcoin is more volatile and more useful as a currency TODAY, but gold could eventually become a global currency eventually. Gold also moves much slower and is more of a thing to physically own.

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Where Should Common People Invest? Gold or Bitcoin?
http://bitforum.info/t/gold-or-bitcoin-where-should-you-invest/654

Maybe it depends on the country you are living in.

Maybe you can invest on Bitcoin if you are living in a tech savvy kind of place.

But if you are in a third world country, maybe gold is a much better investment.

What do you think?

Topic: A Question As Old As Bitcoin - page 2. (Read 1704 times)