Bitcoin or a gold bar with the same value? - page 6.

ethereumhunter

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Quote from: Kprawn on August 02, 2016, 01:48:34 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

if there is an offer for me to choose bitcoin or gold, then i will choose bitcoin, my reason is because with 10 bitcoin, i can use it for trading btc-altcoin, to gain more bitcoin and after i collect more than 10 bitcoin, i will buy gold as investments like i keep bitcoin as investments too.

Pursuer

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Quote from: Kprawn on August 02, 2016, 01:48:34 PM

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

for free! lol
I would look around for a hidden camera, or slap myself to wake up.

Quote

1. 10 bitcoins
or
2. A gold bar with the same value at the time.

but if I want to choose between the two options as in buying them or investing, I will always choose both. half bitcoin and half gold. because I like to diversify and I would feel a lot safer to have two different investments especially since gold is safer but also in bitcoin because bitcoin is more profitable.

dunfida

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Ill choose both for short term and for long term investment, since both has the potential of rising value in the future. If i need to choose one and only then i would go for bitcoin even though gold is valuable but bitcoin would still be on the edge since you can bring it or kept it digitally while if your having a gold bar its so hard to kept it unless if you have a vault. Im talking only on how you bring it. haha

dihari

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if you plan for a long-term investment, i think gold is the best choice for you.
because gold is have low risk. bitcoin is good, but for a long-term condition no one know how bitcoin will still exist on 20 years.

herebittybittybitty

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Quote from: plpbtc1526 on August 02, 2016, 08:40:41 PM

I would choose gold bar than bitcoin. Why? Coz gold is never losing its value while bitcoin is flactuating. Its valua going up and down. Gold is more valuable coz the demands are very high so it keeps its value going up and up for every passing years. Bitcoin is risky, but its good for investment and trading.

Gold is never losing its value? You haven't been paying attention much.

herebittybittybitty

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I'd take the Bitcoin. The ceiling is 10x or more higher.

plpbtc1526

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I would choose gold bar than bitcoin. Why? Coz gold is never losing its value while bitcoin is flactuating. Its valua going up and down. Gold is more valuable coz the demands are very high so it keeps its value going up and up for every passing years. Bitcoin is risky, but its good for investment and trading.

Indrawan77

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If you are asking short term i will sefinitely choose bitcoin, botcoin investment value is higher than gold in a short term, but for long term you need price stability and gold has been proven more stable than bitcoin and it can be used globally in every country, and gold cant be banned

Velkro

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Quote from: Kprawn on August 02, 2016, 01:48:34 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.

You asking this on bitcoin forum? Wink

Of course i would choose bitcoins.
Gold is heave, hard to carry with you, bitcoin not.

TGD

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I'll do the same I will accept gold bar than bitcoin, and then after giving it to me ill sell the half of gold bar and buy bitcoin. Grin

many investor want bitcoin not only the price of it or potential other want bitcoin because of many use and I'm the who want it.

relq

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I rather pick bitcoin IF both bitcoin and gold have the same value, because i can use bitcoin to growth my bitcoin like do some trading, gambling and investing.

PhilPrime

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Quote from: shinratensei_ on August 02, 2016, 07:38:47 PM

Quote from: 20kevin20 on August 02, 2016, 02:10:31 PM

A gold bar. You can't trust Bitcoin more than Gold, because Gold will NEVER disappear.

Like example bitcoin without the internet? is useless but the gold without internet?is still useful,but in this time maybe a lot of people is not preferred about bitcoin caused by appearing another bitcoin big cases. and giving a lot of losing for many people in the bitcoin world.

it's not rational to compare the virtual currency and real currency like this.

maybe bitcoin is useless without internet but it is easy to use and exchange to fiat anytime and anywhere unlike gold bar. it is too risky to carry or store a physical gold
because it is too hot in the eye of thief. But i agree on your point that gold bar will never disappear but it can disappear when it is stole by a thief. Cheesy

but i will still choose gold bar because of its elegant feature ad appearance.

shinratensei_

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Quote from: 20kevin20 on August 02, 2016, 02:10:31 PM

A gold bar. You can't trust Bitcoin more than Gold, because Gold will NEVER disappear.

Like example bitcoin without the internet? is useless but the gold without internet?is still useful,but in this time maybe a lot of people is not preferred about bitcoin caused by appearing another bitcoin big cases. and giving a lot of losing for many people in the bitcoin world.

it's not rational to compare the virtual currency and real currency like this.

The Sceptical Chymist

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Quote from: 20kevin20 on August 02, 2016, 02:10:31 PM

A gold bar. You can't trust Bitcoin more than Gold, because Gold will NEVER disappear. It's going to be a currency forever. Bitcoin instead.. well, it can fail at any second. Just a split second of no energy worldwide. Will you trust BTC ever again? I don't think so. For those investing in Bitcoin all their money, that would be a split second of poverty.

As much as I support bitcoin, I agree with this 100%. I would totally take a gold bar over bitcoin any day. It is physical and beautiful rather than abstract and ephemeral. I hate to say it, but it's not even a tough choice on this one.

Edit: I'm getting aroused just thinking about it.

Cuidler

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For about the 5000 USD investment, buying gold taking you nowhere in 20 or more years. Gold might hold value very well, but you should not expect it appreciate in value much, so the equivalent of today 5000 USD might mean not much for you after 20 or so years when you already should have house and kids on their own.

On the other hand Bitcoin is much riskier but with a lot potential to take from your 5000 USD investment a fortune after a while, gold cannot offer such potential appreciation. Thats why I prefer putting such smaller amounts to Bitcoin. But if you had much more to store, like million USD, then gold is beter choice for most of this million, while Bitcoin only for much smaller part.

European Central Bank

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bitcoin all day long. gold does nothing for me and there ain't enough potential upside. i'm not interested in preserving value and i'm willing to take a very long term bet.

Hugroll

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it depends on what you want to invest in lol. bitcoin to me is more of like a relatively short term investment whereas gold is a long term investment.
the gold prices stay extremely stable compared to bitcoin. so if you are not a risk taker you would choose gold.
me personally would choose bitcoin because the price just crashed a bit over the last couple of days and i expect it to go back up.

Senor.Bla

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if it is the same value, then it should not matter.
since it is easier to buy gold with bitcoin, than to buy bitcoin with gold, i would prefer bitcoin. also the quick ups and downs can be a good thing, but on the other hand gold might be consider safer, because it is so much longer there and has proven its value.

yayayo

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If I had a choice I would take 5 Bitcoin and the equivalent of 5 Bitcoin in gold, because I think it's wise to be invested both in precious metals and Bitcoin. If I would not be allowed to split the total amount, I would take 10 Bitcoin, because I consider the process to acquire Bitcoin still a bit more tedious than acquiring gold.

However in general, I would not acquire a gold bar, but old original circulation gold coins. Such gold coins tend to have better fungibility, because their weight is standardized, they are a bit more difficult to counterfeit, and they represent smaller chunks of gold than a single bar.

In general, I consider owning Bitcoin more risky than gold, since Bitcoin has only a very short history of usage. On the other hand, it's potential for value appreciation is higher, since it is less well known and owned by fewer people. Because I'm still relatively young and the funds in either Bitcoin or gold would be a gift, it's o.k. for me to take the higher risk.

ya.ya.yo!

toy4lov3rs

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I'm still young so I would definitely have to go with the BTC, simply because of the potential growth it holds. If the value of bitcoin stagnates or goes down I can accept the loss a lot more seamlessly than when I'm older. However if the value rises like we all assume it will, then I become significantly wealthier for a little bit of risk. Where as gold may be the safe option.. It just is too damn heavy to carry ^_^

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