Bitcoin or gold? - page 206. | Bitcointalksearch.org

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Quote from: Salazarian on April 17, 2017, 07:56:42 PM

Quote from: AK47- on April 16, 2017, 12:37:02 PM

I will choose bitcoin over gold, mainly because I see a huge potential in the future of bitcoin. At present bitcoin has a market cap of $19 billion and gold has the market cap of $7000 billion which shows there is a room for bitcoin to grow more as people are likely to shift towards bitcoin. Moreover, I like risks. Wink

to me i think most of the people are going to choose bitcoin instead of gold as we cannot get a good profit from gold that we can expect from bitcoin, because the price of bitcoin mostly change from time to time therefore there are more chances to make more and more money from tradig bitcoin.

Don't put both of your eyes bitcoin and gold is the same commodity. The gold will never come with high volatility like the bitcoin itself. The digital form of bitcoin has made bitcoin easy to transact around the world. Especially to get largest worldwide market and demand. But, open your browser and try to get the price of bitcoin on 2001. You will get surprised.

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Quote from: Neo_matrix on April 18, 2017, 02:09:04 AM

Quote from: batang_bitcoin on April 17, 2017, 09:23:30 PM

Quote from: Vishnu.Reang on April 17, 2017, 12:10:37 PM

I don't have any gold or Bitcoins in my possession, as I am facing a lot of financial difficulties right now. I was born in to a poor family, and my parents could never afford any gold. But for me, the priorities are clear. I prefer BTC to gold.

I don't have gold too. And with your situation I'm sure that bitcoin will be the answer to your poverty but you need to work hard for it so that you can collect a lot of bitcoins and you can now have enough at your possession. I also prefer bitcoin for now but before, I prefer to have both but I don't have gold until now.

I agree with you - it is easy to solve the problem of poverty if you act actively. I do not have gold now. Almost all of my assets I store in Bitcoin

You are really a risk taker, two things will happen, if bitcoin will be success and will grow substantially in the future you will
be rich but if not you will regret. Anyway that is your decision, good luck to you, I am holding bitcoin only
but not all of my assets.

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Quote from: batang_bitcoin on April 17, 2017, 09:23:30 PM

Quote from: Vishnu.Reang on April 17, 2017, 12:10:37 PM

I don't have any gold or Bitcoins in my possession, as I am facing a lot of financial difficulties right now. I was born in to a poor family, and my parents could never afford any gold. But for me, the priorities are clear. I prefer BTC to gold.

I don't have gold too. And with your situation I'm sure that bitcoin will be the answer to your poverty but you need to work hard for it so that you can collect a lot of bitcoins and you can now have enough at your possession. I also prefer bitcoin for now but before, I prefer to have both but I don't have gold until now.

I agree with you - it is easy to solve the problem of poverty if you act actively. I do not have gold now. Almost all of my assets I store in Bitcoin

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Quote from: jaysabi on April 17, 2017, 10:27:01 PM

If given the option between gold, Bitcoin, and a business, I'm going to choose the business every time. Businesses (assuming that they perform a market function) actually create value. Gold and Bitcoin only reflect it. Gold and Bitcoin go up on value based on trading whims. Businesses have intrinsic value based on the ability to create new value in the world.

Well, I appreciate your sentiment about businesses actually adding value, that is a very important point. BTC and gold just retain value to a degree or another, and can also be used to transact, to a degree or another.

But, there are BAD BUSINESSES!! Ones that lose money, are crooked, etc. Running a business id usually very hard work for an uncertain return. I have been involved a few businesses as a founder or other principal. Getting involved with a couple of them turned out to be bad decisions for me.

Businesses can be very hard to sell, often quite illiquid.

Look very, very hard at buying or starting a business! Yes, if they truly perform a needed market function, then it may work out great.

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If given the option between gold, Bitcoin, and a business, I'm going to choose the business every time. Businesses (assuming that they perform a market function) actually create value. Gold and Bitcoin only reflect it. Gold and Bitcoin go up on value based on trading whims. Businesses have intrinsic value based on the ability to create new value in the world.

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Quote from: Vishnu.Reang on April 17, 2017, 12:10:37 PM

I don't have any gold or Bitcoins in my possession, as I am facing a lot of financial difficulties right now. I was born in to a poor family, and my parents could never afford any gold. But for me, the priorities are clear. I prefer BTC to gold.

I don't have gold too. And with your situation I'm sure that bitcoin will be the answer to your poverty but you need to work hard for it so that you can collect a lot of bitcoins and you can now have enough at your possession. I also prefer bitcoin for now but before, I prefer to have both but I don't have gold until now.

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Quote from: AK47- on April 16, 2017, 12:37:02 PM

I will choose bitcoin over gold, mainly because I see a huge potential in the future of bitcoin. At present bitcoin has a market cap of $19 billion and gold has the market cap of $7000 billion which shows there is a room for bitcoin to grow more as people are likely to shift towards bitcoin. Moreover, I like risks. Wink

to me i think most of the people are going to choose bitcoin instead of gold as we cannot get a good profit from gold that we can expect from bitcoin, because the price of bitcoin mostly change from time to time therefore there are more chances to make more and more money from tradig bitcoin.

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Quote from: abstractednerve on April 17, 2017, 12:46:34 PM

Quote from: Vishnu.Reang on April 17, 2017, 12:10:37 PM

I don't have any gold or Bitcoins in my possession, as I am facing a lot of financial difficulties right now. I was born in to a poor family, and my parents could never afford any gold. But for me, the priorities are clear. I prefer BTC to gold.

Everyone has problems in their lives and not all are born rich so instead of crying for being poor you should try to work hard and start making money from all the opportunities that come across you so in future you don't have to say that I am still poor.

yes, I agree with you. To change life for the better you need to act. And it does not matter in what country you are or how rich your family is. You can earn a lot of money on the Internet. I know it

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Quote from: Vishnu.Reang on April 17, 2017, 12:10:37 PM

I don't have any gold or Bitcoins in my possession, as I am facing a lot of financial difficulties right now. I was born in to a poor family, and my parents could never afford any gold. But for me, the priorities are clear. I prefer BTC to gold.

Everyone has problems in their lives and not all are born rich so instead of crying for being poor you should try to work hard and start making money from all the opportunities that come across you so in future you don't have to say that I am still poor.

Vishnu.Reang

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I don't have any gold or Bitcoins in my possession, as I am facing a lot of financial difficulties right now. I was born in to a poor family, and my parents could never afford any gold. But for me, the priorities are clear. I prefer BTC to gold.

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Both is the correct to do thing i think

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Quote from: AK47- on April 16, 2017, 12:37:02 PM

I will choose bitcoin over gold, mainly because I see a huge potential in the future of bitcoin. At present bitcoin has a market cap of $19 billion and gold has the market cap of $7000 billion which shows there is a room for bitcoin to grow more as people are likely to shift towards bitcoin. Moreover, I like risks. Wink

I think investing in both of them is the right thing to do as gold give us an feeling of security as it exists since long time and even in future its not going anywhere and to make profits in short term I think bitcoin is the best option due to its price volatility.

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Quote from: frowsiter on April 16, 2017, 11:27:52 AM

Bitcoin is what I will choose. I trust bitcoin a lot and with future bitcoin really grows. I'm thinking bitcoin might reach out of the box price. Gold on other side is very very fluctuating. And just imagine gold just keep doing up and down around one price which is fixed since ages. Bitcoin it is.

Not sure where you get your information from, but firstly, gold does experience some sort of volatility, but it's all minimal compared to the level of volatility that Bitcoin experiences. I think you should actually look at how the gold market has been moving -- you'll surely come back on your "very very fluctuating" statement. Secondly, gold doesn't have a fixed price, and never will. It's just like Bitcoin a market that relies on supply and demand.

AK47-

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I will choose bitcoin over gold, mainly because I see a huge potential in the future of bitcoin. At present bitcoin has a market cap of $19 billion and gold has the market cap of $7000 billion which shows there is a room for bitcoin to grow more as people are likely to shift towards bitcoin. Moreover, I like risks. Wink

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Bitcoin is what I will choose. I trust bitcoin a lot and with future bitcoin really grows. I'm thinking bitcoin might reach out of the box price. Gold on other side is very very fluctuating. And just imagine gold just keep doing up and down around one price which is fixed since ages. Bitcoin it is.

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Quote from: FLoving on April 15, 2017, 10:46:48 AM

Quote from: SamsungBitcoin on April 15, 2017, 09:40:27 AM

Quote from: bamboylee on April 15, 2017, 08:44:15 AM

Quote from: MonkeyManofLife on November 06, 2016, 02:09:23 PM

I'd do bitcoin because there is a high chance you can make a lot more money out of it if you invest a lot of money into it!

you may have a point but then bitcoin fluctuates. unlike gold, its value increases and you can trade it anytime.

But bitcoin value is quickly increasing unlike gold thats like a walking turtle to increase the value that is why i choose bitcoin to invest.
Also bitcoin much affordable to invest it will not required high capital to earn in trading.

That is also true that in bitcoin even poor people can invest and can earn money. If someone is going for investment in gold then they are rich people and they often invest only for storing their money without any high profit while if someone want to invest to get high profit then they have to invest in bitcoin.

Yup, very precisely. Bitcoin is a place for all people in the world and also not regard this present position they have. Because the bitcoin appears to help and not to give any intimidation from any group, and also if calculated from all the things that exist in the bitcoin. Then the big advantage will always we get inside, because the increase is very high and that bitcoin is always repeated annually or a maximum of 4 years

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Quote from: taxmanmt5 on April 16, 2017, 10:53:51 AM

Quote from: SamsungBitcoin on April 15, 2017, 09:40:27 AM

Quote from: bamboylee on April 15, 2017, 08:44:15 AM

Quote from: MonkeyManofLife on November 06, 2016, 02:09:23 PM

I'd do bitcoin because there is a high chance you can make a lot more money out of it if you invest a lot of money into it!

you may have a point but then bitcoin fluctuates. unlike gold, its value increases and you can trade it anytime.

But bitcoin value is quickly increasing unlike gold thats like a walking turtle to increase the value that is why i choose bitcoin to invest.
Also bitcoin much affordable to invest it will not required high capital to earn in trading.

You are right with the example of gold price increase with the speed of turtle but then in decreases with the same speed too so you have time to think to withdraw the gold into cash. While bitcoin sudden increase or decrease gives you no option to decide or act as price decrease is sudden.

But then this does not mean the we do not invest in bitcoins. Risk is more in bitcoins which also means that profit is more in bitcoins. I have gold saved with me for 10 years, but the profit i gained in bitcoins savings in just two years, is more as compare to bitcoins.

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Quote from: SamsungBitcoin on April 15, 2017, 09:40:27 AM

Quote from: bamboylee on April 15, 2017, 08:44:15 AM

Quote from: MonkeyManofLife on November 06, 2016, 02:09:23 PM

I'd do bitcoin because there is a high chance you can make a lot more money out of it if you invest a lot of money into it!

you may have a point but then bitcoin fluctuates. unlike gold, its value increases and you can trade it anytime.

But bitcoin value is quickly increasing unlike gold thats like a walking turtle to increase the value that is why i choose bitcoin to invest.
Also bitcoin much affordable to invest it will not required high capital to earn in trading.

You are right with the example of gold price increase with the speed of turtle but then in decreases with the same speed too so you have time to think to withdraw the gold into cash. While bitcoin sudden increase or decrease gives you no option to decide or act as price decrease is sudden.

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Quote from: n0ne on April 16, 2017, 10:01:35 AM

Quote from: Pearls Before Swine on April 15, 2017, 09:54:35 PM

Gold. I think the world is heading toward the crapper with Trump in charge of the U.S., and bitcoin has proven to be an unstable pseudo-currency that is awful as a store of value. Or could be awful. It can drop as much as it shoots up, and it just might crash. Gold probably won't do that.

Because of the central control gold has got more trust than the cryptocurrencies which doesn't have a commodity state or a physical presence. Till date bitcoin have reached the value of gold on a short time of just 8years. The people who are lucky as well trusted it benefitted. One who just fluttering might have lost. I believe it's our situation that makes us believe gold better than bitcoin.

Gold is intended for guaranteed and long lasting investment. It's more of the guaranteed deposits. Any currency can fluctuate or even disappear, but gold is always in any currency of the world has a price. Bitcoin is very convenient for short-term investments and speculation due to its instability.

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Quote from: Pearls Before Swine on April 15, 2017, 09:54:35 PM

Gold. I think the world is heading toward the crapper with Trump in charge of the U.S., and bitcoin has proven to be an unstable pseudo-currency that is awful as a store of value. Or could be awful. It can drop as much as it shoots up, and it just might crash. Gold probably won't do that.

Because of the central control gold has got more trust than the cryptocurrencies which doesn't have a commodity state or a physical presence. Till date bitcoin have reached the value of gold on a short time of just 8years. The people who are lucky as well trusted it benefitted. One who just fluttering might have lost. I believe it's our situation that makes us believe gold better than bitcoin.

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