Bitcoin or a gold bar with the same value?

coinoclock

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Quote from: greBit on September 06, 2016, 11:45:54 AM

Quote from: madwica on September 05, 2016, 09:46:21 PM

For me i choose Gold because the value of Gold was continuous increasing never been dropping its price and for sure we will have great profit in the future! but Bitcoin is also good for trading because of the fluctuation of the price.

Both are good in their own ways, gold will give us secure profits in future and bitcoin will give us some quick profits in quick time, so I will choose to invest in both of them to gain maximum benefits.

btw gold had long periods of time where it was losing in value. if it was only going up everybody would invest in it.
but besides that i don't see why you want to make a quik profit with bitcoin and a long term with gold? if you are so sure about this why not invest all your money first in bitcoin and afterwards take it all to gold?

greBit

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Quote from: madwica on September 05, 2016, 09:46:21 PM

For me i choose Gold because the value of Gold was continuous increasing never been dropping its price and for sure we will have great profit in the future! but Bitcoin is also good for trading because of the fluctuation of the price.

Both are good in their own ways, gold will give us secure profits in future and bitcoin will give us some quick profits in quick time, so I will choose to invest in both of them to gain maximum benefits.

coinoclock

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Quote from: shinratensei_ on September 05, 2016, 08:50:35 PM

Quote from: coinoclock on September 04, 2016, 11:25:03 AM

i was just wondering if there is an estimated percentage of gold that we mined? we know the number for btc but for gold? we could always find more, so in a sense i think bitcoin might be better.

Mining? and you see the question is having a relationship with mining?I don't see that. You can, you just made an irrelevant post, mining in the digital compared with real mining?irrelevant

i don't think you understand me.
the total amount of bitcoin is known to us (21 million) even as it isn't mined all yet. because there will be no more bitcoin there is no inflation = stable value.
with gold we don't know the total amount and if you mine more gold the gold loses its value. let us assume a gold comet hits the earth and doubles the gold volume available.
so i think this is very relevant to the conversation.

pooya87

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Quote from: Galiatram on September 06, 2016, 05:09:14 AM

Quote from: ashapasa on August 04, 2016, 04:13:50 PM

Depends on the amount 10btc is not a big investment relatively speaking, so choosing it makes sense as it has more chances of exponential growth. If I was to choose between a 1000 Bitcoin and gold in equal value, than I will pick gold to preserve value.

Yes for lower amounts I do the same I pick the bitcoin to be able to expand. For big amounts like above 30k USD worth + I would pick gold to be on the safe side. After that I would probably convert 10k to bitcoin and use that to invest again. No need to spend all of the money on investing if you can just split it up keep a part safe and a part for investing.

the amount is not the factor in choosing gold or bitcoin or anything else. you can invest in gold with a smaller amount too. there is nobody forcing you to invest from a bigger minimum. and even with a bigger amount of money it is always best to diversify, invest in multiple things not only bitcoin/gold. that way you reduce the risks and increase the profit.

Galiatram

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Quote from: ashapasa on August 04, 2016, 04:13:50 PM

Depends on the amount 10btc is not a big investment relatively speaking, so choosing it makes sense as it has more chances of exponential growth. If I was to choose between a 1000 Bitcoin and gold in equal value, than I will pick gold to preserve value.

Yes for lower amounts I do the same I pick the bitcoin to be able to expand. For big amounts like above 30k USD worth + I would pick gold to be on the safe side. After that I would probably convert 10k to bitcoin and use that to invest again. No need to spend all of the money on investing if you can just split it up keep a part safe and a part for investing.

markj113

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Quote from: Senor.Bla on September 05, 2016, 02:55:21 PM

you wish. go in a store and buy some gum. then offer to pay 1000 bitcoins for it or 10 Kg Gold, but they will have to decide now.
99% will pick the gold. even thou the bitcoin are more handy to carry around then 10 Kg of gold.

I dont think there are many people on this forum that could afford 10kg of gold, current price = $427,195

Also for people that keep saying gold is hard to store or keep secure, at todays prices 10BTC = 19 gold sovereigns. If you find these hard to hide in your property you must be living in a shoe box -

My oldest sovereign is from 1876, 140 years old and its still valuable now. Are you conviced bitcoin will still exist in 10 years let alone 140 years?

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Yes bitcoin is popular and known to all cryptocurrency trader, dealer, user and due to its popularity its price is quit sky rocketing about $550 and with such popularity bitcoin is soon going to surpass the price of bitcoin

madwica

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For me i choose Gold because the value of Gold was continuous increasing never been dropping its price and for sure we will have great profit in the future! but Bitcoin is also good for trading because of the fluctuation of the price.

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Quote from: coinoclock on September 04, 2016, 11:25:03 AM

i was just wondering if there is an estimated percentage of gold that we mined? we know the number for btc but for gold? we could always find more, so in a sense i think bitcoin might be better.

Mining? and you see the question is having a relationship with mining?I don't see that. You can, you just made an irrelevant post, mining in the digital compared with real mining?irrelevant

coinsocieties

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This is really not a fair question. For those of us who are well versed when it comes to money, we know that a gold bar worth 10 BTC would cost almost 7% to liquidate it, so we would be loosing 7% of our money from the door. Now if you ask that question of bitcoin vs. your local currency, that would be a more fair question. Either way, I would answer both questions with Bitcoin. I know there is a lot of future with bitcoin and having 10 bitcoin is worth more to me than having $10 btw in value worth of cash or gold.

Senor.Bla

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Quote from: springgers on September 05, 2016, 02:30:03 PM

I would probably go for the bitcoins, They can be easily exchanged far more than gold IMO and you can rely on them being reliable, Even if you don't have interest in keeping them long term they are still the more convenient payment method IMO.

off-topic: where can you find such guy? Grin

you wish. go in a store and buy some gum. then offer to pay 1000 bitcoins for it or 10 Kg Gold, but they will have to decide now.
99% will pick the gold. even thou the bitcoin are more handy to carry around then 10 Kg of gold.

springgers

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I would probably go for the bitcoins, They can be easily exchanged far more than gold IMO and you can rely on them being reliable, Even if you don't have interest in keeping them long term they are still the more convenient payment method IMO.

off-topic: where can you find such guy? Grin

coinoclock

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i was just wondering if there is an estimated percentage of gold that we mined? we know the number for btc but for gold? we could always find more, so in a sense i think bitcoin might be better.

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Quote from: bedeskon on September 04, 2016, 12:04:52 AM

gold bar , because it is safer and we don't know what will happen with bitcoin in future so it still risky

gold is not useful at all to be honest, i think that bitcoins are way better and i think it is going to go up way more than the gold

Doamader

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Quote from: bedeskon on September 04, 2016, 12:04:52 AM

gold bar , because it is safer and we don't know what will happen with bitcoin in future so it still risky

The only thing that i know will happen at 2020 is the next halving that should double the value to follow the formula made by Nakamoto. I would choose bitcoin because the huge potencial.

Aamir1

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Quote from: Kprawn on August 02, 2016, 02:48:34 PM

Let's test your belief in Bitcoin's potential. OK, let's say someone approach you, and offer you two options for free...

1. 10 bitcoins

or

2. A gold bar with the same value at the time.

What will you chose? We all say, we believe in Bitcoin and it's future, but if you faced with this decision... would you go for the traditional safe heaven or would you go with the new Bitcoin option, that

are still in it's experimental phase?

Give me your reasons, why you would take the one over the other.... I know which option people will chose that are not familiar with Bitcoin ----> Gold bar. Roll Eyes

I would choose bitcoins and start trading altcoins with them because 10 bitcoins is really a huge capital which can generate some good profits for you everyday so i believe i can earn even more than 10 bitcoins after sometime with that method and then i can cash them out and buy the gold and save them so it means i had taken both.

Sponsoredby15

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If bitcoin and gold bar has the same value i would rather to choose bitcoin because it is easy to earn and to get. Bitcoin also get in the internet while gold get in the land. Bitcoin can invest in many ways while gold can invest in few ways. Bitcoin can convert easy in applications and website while gold can convert in banks.

bitbunnny

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Well, I love Bitcoins very much but if I have to choose I will take gold. It's still more solid and reliable so the chances for loss are lower.

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Quote from: hajimasan on September 04, 2016, 02:17:29 AM

if this offer will be provided me to choose between of them then i will choose gold bar . because in case of gold there is no chance to loss with practical vakue since loss of money in bitcoin can done in many ways by fraud or by online wallet to ran away away . bitcoin in risk ful business to get profit but it should not give to priority .

Well I will choose goldbar not because I hate bitcoin but I actually love it. The reason why I'm choosing goldbar because gold has a value even before machines was invented. This displays that gold has proven itself to be trustworthy within a thousand years according to history. And lastly even without internet or electricity we can sell gold.

hajimasan

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if this offer will be provided me to choose between of them then i will choose gold bar . because in case of gold there is no chance to loss with practical vakue since loss of money in bitcoin can done in many ways by fraud or by online wallet to ran away away . bitcoin in risk ful business to get profit but it should not give to priority .

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