Topic: Bitcoin or gold? - page 139. (Read 984470 times)

I WOULD GO TO BITCOIN..
ut i hope i did that 5 years ago... and i will tell you... i have tons of gold right now if i will use my BTC to buy gold ..

Gold had a fairly stable value over the past years. Bitcoin has been highly volatile while experiencing a high growth in value.
Gold has been proven to be a reserve currency over history but its importance has decreased since there are hardly any currencies left that rely on the value of gold. Nationalbanks keep their reserves in gold, resulting in verly little liquidity of traded gold day in day out. Bitcoins can already be used in numerous shops on- and offline for shopping, something that is hardly possible with a goldcoin.

I am invested in both, mostly because I inherited some gold from my gradfather, a generation that relied on gold as reserve since the currencies were highly inflated in the early 20th century due to economical and political problems. People tend to forget that (at least in the west) we live in the most peacful and stable decades ever, so we have no real troubles with highly inflated currencies and political uncertenties that ruin all our hard earned money within a day.

Post of the day right there! That was funny! Where's the thumbs up emoji when I need one?

I agree with you. I can take my gold and silver to my local coin shop and sell it for cash on the spot. In fact, I have done that several times in the past before I was as financially well off as I am now. Now, sure someone can also convert their BTC to some fiat currency. But then, how long do they have to wait before that fiat currency is in their bank account? It varies, but it is not instantaneous, that's for sure.

@Maslate, please enlighten us as to what all of these benefits BTC can offer to its users. And gold is not vital to our daily living? I'm assuming you used either a computer, tablet, netbook, or smart phone to make your post, and I am willing to bet there is at least a small amount of gold in whatever device you used. In fact, many of your household appliances contain at least trace amounts of some precious or semi-precious metals. A/C units contain a lot of copper. You know what your A/C unit doesn't require to work? BTC. You know what your stove/oven contains? Copper and possibly some silver. What does it not contain? BTC. Your automobile has copper at the very least, and likely some gold and/or somewhere. What does your automobile not have? BTC. All of those satellites in orbit around the Earth which brings you your favorite TV channel, weather reports, and even connections to the Internet have gold. What do they not have? BTC.
And your last sentence, "I think people now should value what gives them convenience and helpful for the development of financial system than just a mere shiny thing" is just silly. Sure, blockchain technology is rising in popularity. There is no denying that. However, some quick research will show that most of the world's wealthiest and most powerful nations hold thousands of tons of that "shiny thing". Surely there must be a reason for that.  

Fuck gold. I defended gold here and everywhere else for decades. I was stupid.

Gold is a stupid metal which you cannot trade. It doesn't have the 1/100 liquidity of what bitcoin has. It is almost impossible to understand if a gold bar is real or not unless you break it in half.

Gold is not different than copper it is just a bit more rare. Just like platinum but nobody used platinum as a currency back in the day.

Gold has only 2 benefits:

1- It is offline (it not a benefit while everything is offline online, only a benefit in a world where without an internet network)
2- It has a massive historical value. (which is not really a benefit)

Since we live in an atheist world from now on, gold is done. It was good back in the day while the religions mattered but not now.

Hail to our new god: The Internet!

Entertainment god: Virtual Reality
Pirate god: Bit torrent
Greed god: Bitcoin
Sex god: Pornhub
.
.
.
There isn't a life without the internet anymore. Nobody even fucks. Most of the human population jerks off in front of a computer.

Own a few gold coins and remember, we were human once.

I'll go for Gold. It is indeed that Bitcoin's rate of inflation is way high compared to gold but still, gold is more stable in terms of market value. And besides, Gold has a physical value and is being used for decades. No one knows what will happen to Bitcoin after a long period of time. If the no. of years to hold is for only 5 years, I'll go with Bitcoin but since we are talking about 10 long years, Gold for sure.

For me, both investments are important. Gold is more stable, and bitcoin is growing faster and thus investing in both directions I can always rely on my funds in reliable sources.

Both, but if I were to choose only one I will choose bitcoin because nothing is more profitable now like Bitcoin.

I don't see that the system hard fork became an issue in the future. Indeed hardfork became one of the things he said to solve the problem of the bitcoin now provide enough time large enough in order to get the level of confirmation. But this could never be entered into the system, because the bitcoin outline bitcoin unknown who the maker. So that the system only hardfork spin on the outside of the bitcoin system and it all will never increase the limit of coins that were already made.

Everyone will want to have gold, do not rule out our own even want to have gold, maybe even bitcoin lose is not as beautiful and as smooth as good but bitcoin jg nemiliki benefits that we can add insight may also science and we also Can hone our skills Mindset and language

I think there are many reasons to choose bitcoin or choose gold. Of course everyone will have a strong reason as gold has many functions as a jewelry, investment, etc and also investment in gold arguably has a low risk because the popularity of gold has been awakened from the old and already have a very old age, it is guaranteed. and people also have strong reasons to choose

Bitcoin....

We can summarize that Bitcoin has gold-like characteristics as follows:

The supply is limited, where there will be only 21 million Bitcoins spread across the globe;
Not created by the Central Bank / government, but by an unidentified party;
Not manufactured or controlled by an individual, group or company;
Impossible to duplicate or counterfeit;
Durable and not easily destroyed;
Obtained by mined, but using the mining program and mathematical algorithms;
Can be transacted worldwide;
The transaction is irreversible, meaning that once Bitcoin is given to someone else's hand, the transaction can not be canceled unless the person is willing to send the Bitcoin back;
Can be exchanged and traded with various currencies in the world.
The above characteristics prove that in addition to its digital form, Bitcoin is more or less similar to gold. But you need to know that there are some things that cause Bitcoin better than gold.

Some folks strongly disagree with this attitude

If your point hinges on the possibility of quickly converting your bitcoins to fiat and then spending fiat for your daily needs (as another option, you could use a Bitcoin payment card, and in that case the conversion is done for you by someone else). Though, as I said, some people will certainly challenge that point by claiming they can easily sell their gold at market rates as fast. But if you don't mean that or anything to that tune, then I don't see how Bitcoin is more vital than gold for "our daily living"

That's too old shool for me, gold is not vital to our daily living while bitcoin can provide a lot of benefits to the users.
I think people now should value what gives them convenience and helpful for the development of financial system than just a mere shiny thing.

Gold off course. Don't you like that shiny metal. For jewelry, an assets and even as a trading assets. It is far more popular then any other asset. Bitcoin is still new unlike gold that has existed for a millenium.

Bitcoin is better than Gold. We are certainly familiar with the statement. For Bitcoin users who have long known the positive qualities of Bitcoin. One such trait is Bitcoin not created by the Central Bank or any government, navigated by a decentralized network that runs automatically with mathematical algorithms so that no one can update. Bitcoin price movements are fluctuating purely due to the influence of demand and supply laws. In addition Bitcoin storage media is also relatively safe and can be taken to anywhere, which can be stored on your smartphone. While Gold, if we have it in sufficiently large numbers we may need a choice that should be kept in a secret place so as not to be stolen by others.

Gold because it is something that I can store physically. While bitcoin is has a very great potential its volatility is the risk, so I'd rather keep the gold than bitcoin.

This question is flawed. There is no such thing as Bitcoin or gold, because we can have both at the same time!

Bitcoin is the virtual equivalent of physical gold. It is that simple. Physical gold will never lose its value, and neither will Bitcoin.

In terms of performance you can rely on bitcoin now because it's better than gold now.
Investing in gold will make you feel secure but if you do not have enough money to invest, you would think that it's better to
invest with bitcoin as price can increase anytime to a significant amount.

I prefer bitcoin rather than gold because the price of gold is stable and tends to rise only about 15% in a year while bitcoin can rise up to 30% in a matter of months, so bitcoin is more promising than gold