Author

Topic: Bitcoin or gold? - page 124. (Read 984448 times)

sr. member
Activity: 994
Merit: 256
September 18, 2017, 03:46:15 AM
I sold all my gold for bitcoin and wait for 10 years

Yes that may happen what we often think is contrary to the reality and that speaks itself at the end. Gold is not that much yielding than bitcoins but what gold have is huge investment overall the international market. More power than bitcoin but less fame and profits than bitcoins somehow.
sr. member
Activity: 252
Merit: 250
September 17, 2017, 10:28:32 AM
always i don't like gold for invest. if you see price btc highly up but gold. btc gives us good opportunity for invest and make good profit every day. so i choose btc for invest.
legendary
Activity: 1204
Merit: 1028
September 17, 2017, 08:49:00 AM
Gold would be more competitive if it could legally be used to buy & sell rather than primarily being a store of long term value.

Anything that adds greater functionality to gold could be a benefit, not only to gold but to society and civilization.

Gold supply, like bitcoin supply, is regulated to a degree by mining. This makes gold in a limited sense, resistant, to manipulation which could destroy value and innovation over the long term as well as limited bar to entry for markets in propping up monopolies and exploitive business standards.
Gold is legal and you can use it on whatever you like. You can use it like an old way of exchanging items and you will choose the item that has the same value with your gold then you can do trade or exchange each other but that is the old way of transacting so gold is not interesting anymore because bitcoin got all the things that we need and that is why people are more into bitcoin rather than gold

You have raised an interesting topic

While gold is certainly legal in most jurisdictions, it doesn't mean that it can't be made illegal one day as it once happened in the US in 1930's. And if the private possession of gold is banned, most gold owners will likely have difficult times and insurmountable issues selling their gold or just moving it from one place to another and hiding it from the authorities. Bitcoin, on the other hand, is virtually invulnerable to such bans, you can trade and move it equally effortlessly whether it is banned or not. In a certain sense, Bitcoin is above any ban that a particular government can impose on it

All the goldbugs tend to forget that their precious gold was made illegal and therefore impossible to move across borders in a single night by the Nixon patriot act Executive Order 6102 which looked like this:

Learn more here:



https://en.wikipedia.org/wiki/Executive_Order_6102

This is why you should dump your gold immediately and buy bitcoin instead. Even if governments banned bitcoin, the market would continue and you could move it across borders. The very second they make gold illegal, you are stuck within your country because if you try to leave they will steal your gold from you on the airports. For this very single reason bitcoin beats gold as a store of value but delusional goldbugs still haven't realized this fact. This is also why BTC will be worth $100,000+ in the next 10 years as all the trillions invested in gold realize their money isn't safe and some of it will go to bitcoin, and we only need some of it to go really high (only 5% of gold in BTC would make it $25,000).

hero member
Activity: 2464
Merit: 594
Bitcoin Casino Est. 2013
September 17, 2017, 08:02:41 AM
I don't like gold even wearing it, I much prefer silver. But I will choose bitcoin now among them because its value is very high and I know it will rise again to 4800 usd. What I really like its decentralization, no one controlled it so we are free from taxation. We can earn it for free online unlike gold need to be purchased on malls and shops.
sr. member
Activity: 1036
Merit: 273
September 17, 2017, 07:56:57 AM
Well for me Gold why? Because gold in my point of view is the same as Bitcoin. Speaking of bitcoin from time to time it drops it decreases as of the Gold I think for different centuries or year by year its worth decreases.

On the other side if you let as pick from the two choices of Silver and Gold I would pick Silver because like I said Gold it decrease year by year.
full member
Activity: 518
Merit: 101
September 17, 2017, 07:49:22 AM
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
For me I want bitcoins because as the time goes by bitcoin price is getting higher , higher than the value of gold. Yes gold is still good to buy but bitcoins is the most good to buy and hold in the wallet for a long time. If you do this yeah you can be rich.
jr. member
Activity: 118
Merit: 1
September 17, 2017, 07:47:00 AM
for me, Bitcoin is better than Gold in terms of the profit. Gold has been introduced as one of the profitable tools for saving and investment. but the days have been changing after the invention of Bitcoin. Bitcoin has become a lucrative system for investing. day by day Bitcoin price value is increasing except in recent days.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
September 17, 2017, 07:36:04 AM
Gold would be more competitive if it could legally be used to buy & sell rather than primarily being a store of long term value.

Anything that adds greater functionality to gold could be a benefit, not only to gold but to society and civilization.

Gold supply, like bitcoin supply, is regulated to a degree by mining. This makes gold in a limited sense, resistant, to manipulation which could destroy value and innovation over the long term as well as limited bar to entry for markets in propping up monopolies and exploitive business standards.
Gold is legal and you can use it on whatever you like. You can use it like an old way of exchanging items and you will choose the item that has the same value with your gold then you can do trade or exchange each other but that is the old way of transacting so gold is not interesting anymore because bitcoin got all the things that we need and that is why people are more into bitcoin rather than gold

You have raised an interesting topic

While gold is certainly legal in most jurisdictions, it doesn't mean that it can't be made illegal one day as it once happened in the US in 1930's. And if the private possession of gold is banned, most gold owners will likely have difficult times and insurmountable issues selling their gold or just moving it from one place to another and hiding it from the authorities. Bitcoin, on the other hand, is virtually invulnerable to such bans, you can trade and move it equally effortlessly whether it is banned or not. In a certain sense, Bitcoin is above any ban that a particular government can impose on it
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
September 16, 2017, 06:44:57 PM
Gold would be more competitive if it could legally be used to buy & sell rather than primarily being a store of long term value.

Anything that adds greater functionality to gold could be a benefit, not only to gold but to society and civilization.

Gold supply, like bitcoin supply, is regulated to a degree by mining. This makes gold in a limited sense, resistant, to manipulation which could destroy value and innovation over the long term as well as limited bar to entry for markets in propping up monopolies and exploitive business standards.
Gold is legal and you can use it on whatever you like. You can use it like an old way of exchanging items and you will choose the item that has the same value with your gold then you can do trade or exchange each other but that is the old way of transacting so gold is not interesting anymore because bitcoin got all the things that we need and that is why people are more into bitcoin rather than gold.
legendary
Activity: 2562
Merit: 1441
September 16, 2017, 06:25:46 PM
Gold would be more competitive if it could legally be used to buy & sell rather than primarily being a store of long term value.

Anything that adds greater functionality to gold could be a benefit, not only to gold but to society and civilization.

Gold supply, like bitcoin supply, is regulated to a degree by mining. This makes gold in a limited sense, resistant, to manipulation which could destroy value and innovation over the long term as well as limited bar to entry for markets in propping up monopolies and exploitive business standards.
full member
Activity: 196
Merit: 100
September 16, 2017, 04:46:04 PM
I would buy both, am not sure about proportions because I don't know the goal of your decision but definitely both.
Gold is a super stable thing, and propably wont bring loss or gain much from its price.
BTC, hmm
Here is very hard question, If i only knew... May have 1 000$ 10 000$ 100 000$ or even more no one knows, there is long way before this crypto.
If whole world had accept BTC, It would have reached super high price.
And I think it's all that we can conclude.
newbie
Activity: 4
Merit: 0
September 16, 2017, 04:27:15 PM
I'd go for a 80% gold 20% bitcoin, although i'd buy into arbitrage with that 20% looking short term gains rather than long term storing of value. Gold you have to remember has an intristic value as an one of a kind element with unparalleled properties among metals. This means that even if it loses its value as a "gold standard (which it has really a long time ago)" or as a wealth manifest (jewels) it will never lose its unshakable position as a raw material in the industry. Truth be told though, i'm not sure whether you can trade gold with anything else rather than FIAT, and this means that if FIAT fails (and crypto prevails) you are screwed bruh, but thats rather apocalyptic right Tongue ?
sr. member
Activity: 518
Merit: 257
September 16, 2017, 04:03:24 PM
At this time, Bitcoin seems to be the best option but can't say about future. Like in last few days a great dip is seen due to JPmorgan criticism and china govt. disapproval on crypto exchanges. Investors got panic due to these news and start selling which bring its value from $4700 to $3300(approx)
GOLD on the other hand seem to be safe investment option due to governments approval and global recognition.
So If one can bear some risk then Bitcoin could give you far better return in next 10 years.
I would definitely like to invest in Bitcoin.
hero member
Activity: 659
Merit: 502
September 16, 2017, 02:35:04 PM
I sold all my gold for bitcoin and wait for 10 years
member
Activity: 96
Merit: 10
September 16, 2017, 02:30:59 PM
Bitcoin is generally  as a cryptocurrency, because it uses cryptography to handle both the creation, payment and the transfer of money..
Gold isn't used for very much. Mostly just a store of value by shared represents.
full member
Activity: 378
Merit: 100
September 16, 2017, 02:08:17 PM
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
first i tell gold is not invest for our cause we know good invest method. if you see last 5 year market price. you saw btc price high increase but gold not high increase. so i tell btc is best.
Increase does not means an asset is good choice for us investment, it depends the plans and strategy investment of investors. If they are investment for long term, they will choose Gold insteed of Bitcoin because Bitcoin seem like speculative than investment.
copper member
Activity: 346
Merit: 100
September 16, 2017, 01:54:59 PM
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
of course both, because bitcoin and gold are a good way to invest in the long run.
hero member
Activity: 2016
Merit: 540
Leading Crypto Sports Betting & Casino Platform
September 16, 2017, 01:45:12 PM
I would surely go for bitcoin as it is more profitable than gold. The volatility of the bitcoin prove its potential to yield more output and that's the major reason which makes it better than gold. Gold is stable but bitcoin will give returns though after splitting!!!
Bitcoin without taking even a minute to think because now bitcoin is the main source of income and it is providing a lot of opportunities to the users to earn from bitcoin and to invest their money in bitcoin. Gold cannot give you profit as a bitcoin can do even in short time. The price of the bitcoin is not fix it is unpredictable but gold have the fix price it cannot increase more than gold no never.
But look at the community of them, Gold has a huge community and Bitcoin just is new member on the marketplace.
Of course, "new member" always better than "old member" because the price of Bitcoin control easy than asset has strong support like Gold.
Bitcoin is the best so I will go with the bitcoin because bitcoin is not so famous right now I mean! it is gaining fame it will be more famous in the future so the price of the bitcoin will increase more and more. So the supply of the bitcoin will be high and the demand of the bitcoin will increase more and more so I will choose bitcoin for sure, it will make my future secure and safe.
legendary
Activity: 1218
Merit: 1000
September 16, 2017, 12:38:55 PM
well.. now  a days... bitcoin is more affordable and easy to get.. unlike gold which is you need more money to obtain it. and in terms of usable in evryday life... its more comfortable to use bitcoin in everyday life.we can pay using bitcoins in store while gold...?? I dont think so...::)thanks
i think in modern era people and investors are giving more value to bitcoin, and the reason behind is that bitcoin is more profitable because of the fluctuation in the price of bitcoin. in fact gold is good but for saving and not for making money, because for last few decades the price of gold is too much stable and we can observe a very minor change in the price of gold. therefore most of the people only invest in gold so as to save their money in a safe place for long term and even its value do not decrease.
The market capitalization tells a different story. But it seems like Bitcoin is indeed eating up the traditional markets.
hero member
Activity: 770
Merit: 500
September 16, 2017, 02:23:23 AM
well.. now  a days... bitcoin is more affordable and easy to get.. unlike gold which is you need more money to obtain it. and in terms of usable in evryday life... its more comfortable to use bitcoin in everyday life.we can pay using bitcoins in store while gold...?? I dont think so...::)thanks
i think in modern era people and investors are giving more value to bitcoin, and the reason behind is that bitcoin is more profitable because of the fluctuation in the price of bitcoin. in fact gold is good but for saving and not for making money, because for last few decades the price of gold is too much stable and we can observe a very minor change in the price of gold. therefore most of the people only invest in gold so as to save their money in a safe place for long term and even its value do not decrease.
Jump to: