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Topic: Bitcoin or gold? - page 224. (Read 984470 times)

legendary
Activity: 3514
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March 07, 2017, 08:55:31 AM
We can be successful in bitcoin if we know how to use it properly like choosing the right investment. BTC and gold has their own use, they are both profitable and worth it. But for now, bitcoin is really helpful and useful to all internet users and making a daily transactions online.

Bitcoin holds multiple advantage over gold as bitcoin can be used as a currency and also as an investment and it can be also earned in many which is not possible with gold as it is only a form of pure investment and gold is only popular because it exist since generations and bitcoin is new to many people and for the same reason then hesitate in investing their money in bitcoins as they have fear of loosing their money.

Gold can also be used as a currency, only not as conveniently as is the case with Bitcoin since it's easily divisible and spendable online. A lot people buy themselves into gold as some sort of a last resort currency in case something bad happens. Another thing, gold isn't meant to be earned by doing tasks as there is no convenience in doing so. That's why it's unfair to compare Bitcoin with gold in that regard.
gold cannot be use as currency, because may be in some cases, but not as proper currency. while bitcoin can be use as currency  through online as well as in offline shops

Your mileage may vary

And how much it varies depends on how exactly you are going to use gold. It should be pretty obvious that transacting with physical gold is far back in the past. But it is as clear that this is not the only way of using gold. You can set up a system in which gold would be used as an asset backing up some money token, either digital or physical. And in that case (at least, in the case of digital gold) you could basically do anything that you can do today with fiat (e.g. make instant online payments and money transfers). As obviously, physical gold won't be moved anywhere but it is the same digits as well as of today, only electrons (or rather electromagnetic waves) are moving which represent these digits
hero member
Activity: 532
Merit: 500
March 07, 2017, 02:30:45 AM
We can be successful in bitcoin if we know how to use it properly like choosing the right investment. BTC and gold has their own use, they are both profitable and worth it. But for now, bitcoin is really helpful and useful to all internet users and making a daily transactions online.

Bitcoin holds multiple advantage over gold as bitcoin can be used as a currency and also as an investment and it can be also earned in many which is not possible with gold as it is only a form of pure investment and gold is only popular because it exist since generations and bitcoin is new to many people and for the same reason then hesitate in investing their money in bitcoins as they have fear of loosing their money.

Gold can also be used as a currency, only not as conveniently as is the case with Bitcoin since it's easily divisible and spendable online. A lot people buy themselves into gold as some sort of a last resort currency in case something bad happens. Another thing, gold isn't meant to be earned by doing tasks as there is no convenience in doing so. That's why it's unfair to compare Bitcoin with gold in that regard.
gold cannot be use as currency, because may be in some cases, but not as proper currency. while bitcoin can be use as currency  through online as well as in offline shops.
legendary
Activity: 1232
Merit: 1091
March 06, 2017, 06:12:58 PM
We can be successful in bitcoin if we know how to use it properly like choosing the right investment. BTC and gold has their own use, they are both profitable and worth it. But for now, bitcoin is really helpful and useful to all internet users and making a daily transactions online.

Bitcoin holds multiple advantage over gold as bitcoin can be used as a currency and also as an investment and it can be also earned in many which is not possible with gold as it is only a form of pure investment and gold is only popular because it exist since generations and bitcoin is new to many people and for the same reason then hesitate in investing their money in bitcoins as they have fear of loosing their money.

Gold can also be used as a currency, only not as conveniently as is the case with Bitcoin since it's easily divisible and spendable online. A lot people buy themselves into gold as some sort of a last resort currency in case something bad happens. Another thing, gold isn't meant to be earned by doing tasks as there is no convenience in doing so. That's why it's unfair to compare Bitcoin with gold in that regard.
hero member
Activity: 812
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March 06, 2017, 06:01:56 PM
both are good as gold is more reliable and stable currency of the world, but it think the problem is that most of the people cannot afford both gold and bitcoin, therefore they have to do select only one and i think the best option will be bitcoin as bitcoin can give good profit in a short time becuase bitcoin is not stable and there is always big changes in the price of bitcoin
Yeah that's right but if you see in terms of affording bitcoin is just like a currency people can buy how much they can afford plus we can sell it whenever want. And if you see the statistics the price of gold is declining from many years.
Gold is one of the best investment that you could have. Investment with this usually made to hedge against macroeconomic uncertainty. Right now, gold fell as the dollar gained after an interest rate hike after Federal expectations. On the other hand, bitcoin has now established price which a good proof that it is a great investment now compare to gold.
Wait what I didn't get your point in starting you saying gold is a better investment and then you conclude by saying bitcoin is a better investment could you please stick to one point and also I would counter your gold part if you see bitcoin is mostly increasing even if there is a really drastic drop while gold if there's a really big drop it takes years to recover.

That's right bitcoin has an ability to bounce back in quick time which is never possible with gold and if you compare the price then bitcoin will be much higher in future as the supply of bitcoin is limited and when demand will go higher in future it will directly contribute to the higher price of bitcoins.
Yeah that's what gold is kind of old trend for people who are aware of crypto currencies or who have actually invested  in bitcoins or altcoins as we know the potential of it.
Even though we can tell that gold is kind of safer investment for some people as their is less variation but there is a 5-10% chance of price of bitcoin actually going down otherwise full profit
sr. member
Activity: 327
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March 06, 2017, 01:55:52 PM
We can be successful in bitcoin if we know how to use it properly like choosing the right investment. BTC and gold has their own use, they are both profitable and worth it. But for now, bitcoin is really helpful and useful to all internet users and making a daily transactions online.

They are both profitable, but the bitcoin is more profitable.
hero member
Activity: 1470
Merit: 504
March 06, 2017, 07:35:32 AM
We can be successful in bitcoin if we know how to use it properly like choosing the right investment. BTC and gold has their own use, they are both profitable and worth it. But for now, bitcoin is really helpful and useful to all internet users and making a daily transactions online.

Bitcoin holds multiple advantage over gold as bitcoin can be used as a currency and also as an investment and it can be also earned in many which is not possible with gold as it is only a form of pure investment and gold is only popular because it exist since generations and bitcoin is new to many people and for the same reason then hesitate in investing their money in bitcoins as they have fear of loosing their money.
hero member
Activity: 2464
Merit: 594
March 06, 2017, 07:17:11 AM
We can be successful in bitcoin if we know how to use it properly like choosing the right investment. BTC and gold has their own use, they are both profitable and worth it. But for now, bitcoin is really helpful and useful to all internet users and making a daily transactions online.
hero member
Activity: 1302
Merit: 503
March 05, 2017, 11:04:23 PM
If you are looking for a safer option and not really want to take a gamble, then gold might be the better option right now but it you are looking of a dynamic and something that has high potential got a rapid value rise then I'd suggest bitcoins. YOu have to be much more alert while trading BTC when compared to gold.

yeah, bitcoin is better than gold with its price though it has risks, its volatility is the problem. Gold may be the still good, buying and selling is easy, when it comes to bitcoin, buying and selling must be done with caution. And I am realizing that bitcoin is more likely treated to be a stock because now it is compared to gold.
- Yes, I think we should choose both, use the money to buy a half for gold and half for Bitcoin because gold is stable, safe and bring profit in the long term, in the future gold will become more attractive and has the potential to become a reserve currency. Bitcoin is a digital currency potential, price of Bitcoin have been on an upward trend in the recent years, that speak it is becoming more popular and more used widely around the world, although it is risky but it bring profits huge, investment Bitcoin is a big gamble, we might be rich or might not have anything in the future but it is worth the risk
legendary
Activity: 1092
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https://trueflip.io/
March 05, 2017, 09:47:48 PM
If you are looking for a safer option and not really want to take a gamble, then gold might be the better option right now but it you are looking of a dynamic and something that has high potential got a rapid value rise then I'd suggest bitcoins. YOu have to be much more alert while trading BTC when compared to gold.

yeah, bitcoin is better than gold with its price though it has risks, its volatility is the problem. Gold may be the still good, buying and selling is easy, when it comes to bitcoin, buying and selling must be done with caution. And I am realizing that bitcoin is more likely treated to be a stock because now it is compared to gold.
Right now it's definitely looking like it is a lot better to invest in something like Bitcoin since it's going up in value compared to everything else, and has ripe conditions to make a lot of money off of the ETF application coming up in just under a week.

That's going to be a yuuuuuge day for the Bitcoin market, regardless of which way the market chooses to fly.
Something that we should be watching, the price of bitcoin will surely soar once again after the approval of ETF which is most likely to happen.
I wish if only the approval will be delayed so we can see more hype which will increase the price more and more.
legendary
Activity: 1218
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March 05, 2017, 06:10:34 PM
If you are looking for a safer option and not really want to take a gamble, then gold might be the better option right now but it you are looking of a dynamic and something that has high potential got a rapid value rise then I'd suggest bitcoins. YOu have to be much more alert while trading BTC when compared to gold.

yeah, bitcoin is better than gold with its price though it has risks, its volatility is the problem. Gold may be the still good, buying and selling is easy, when it comes to bitcoin, buying and selling must be done with caution. And I am realizing that bitcoin is more likely treated to be a stock because now it is compared to gold.
Right now it's definitely looking like it is a lot better to invest in something like Bitcoin since it's going up in value compared to everything else, and has ripe conditions to make a lot of money off of the ETF application coming up in just under a week.

That's going to be a yuuuuuge day for the Bitcoin market, regardless of which way the market chooses to fly.
sr. member
Activity: 546
Merit: 257
March 05, 2017, 06:01:58 PM
If you are looking for a safer option and not really want to take a gamble, then gold might be the better option right now but it you are looking of a dynamic and something that has high potential got a rapid value rise then I'd suggest bitcoins. YOu have to be much more alert while trading BTC when compared to gold.

yeah, bitcoin is better than gold with its price though it has risks, its volatility is the problem. Gold may be the still good, buying and selling is easy, when it comes to bitcoin, buying and selling must be done with caution. And I am realizing that bitcoin is more likely treated to be a stock because now it is compared to gold.
legendary
Activity: 2044
Merit: 1115
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March 05, 2017, 04:24:51 PM
I actually think that gold is better than bitcoin. however, it is very difficult to get the gold, so I decided to look for bitcoin. perhaps, winning gold in the price, and long-term investment is excellent. but, with bitcoin, although we do not know if it's a good investment in the long term or not, you can still make bitcoin that you have become more the other way.

Warren Buffet has a very interesting quote on gold, that I am paraphrasing here: 'We dig it out of the ground, melt it down, then dig another hole in the ground, bury it, and pay someone to stand around guarding it. It has no utility.'

Aside from the fact that there are some utility applications, to the larger extent, he's right. There's not a real good reason gold is valued other than random chance. That's not something that makes for a good investment, since it's arbitrary.
hero member
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Bitcoin- in bullish time
March 05, 2017, 02:19:12 PM
If you are looking for a safer option and not really want to take a gamble, then gold might be the better option right now but it you are looking of a dynamic and something that has high potential got a rapid value rise then I'd suggest bitcoins. YOu have to be much more alert while trading BTC when compared to gold.
Yes that is right. Gold is more like for people who are afraid of frequent changes on its price and they just want a safer and more stable price than any other kind of investment while bitcoin offers opposite side for that which most of the users of bitcoin loves that because it is almost easy money making tool because of the volatility of the price and it is keep on rising and it already passes the gold's price so i think in the end of the day if you are into faster earning and have an average risk then bitcoin is always be the best.
hero member
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March 05, 2017, 02:14:19 PM
If you are looking for a safer option and not really want to take a gamble, then gold might be the better option right now but it you are looking of a dynamic and something that has high potential got a rapid value rise then I'd suggest bitcoins. YOu have to be much more alert while trading BTC when compared to gold.
full member
Activity: 181
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March 05, 2017, 01:56:24 PM


That's right bitcoin has an ability to bounce back in quick time which is never possible with gold and if you compare the price then bitcoin will be much higher in future as the supply of bitcoin is limited and when demand will go higher in future it will directly contribute to the higher price of bitcoins.

That is only because bitcoin has a very thin small market. The market for gold is about 1000 x. It is very hard to move big markets by more than a few percentage points.

Yes you are right. Gold is more stable than Bitcoin, and the price of gold is not as dynamic. This gold is attracting many investors who like stability. But Bitcoin love those who prefer to invest in more dynamic assets
Bitcoin is different because of fast price increase unlike in gold that you can gain interest every year small interest unlike in bitcoin every hours or minutes you can see the movement of the price.. because more people are trading and the price of bitcoin is relaying in demand and supply.. gold is too saturated that is why the movement of the price of gold are slow

It is due to the fact that the movement of the price of Bitcoin is very dynamic, it attracts traders. Some people like to trade Bitcoins because of its rapid growth rates
hero member
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March 05, 2017, 01:09:27 PM


That's right bitcoin has an ability to bounce back in quick time which is never possible with gold and if you compare the price then bitcoin will be much higher in future as the supply of bitcoin is limited and when demand will go higher in future it will directly contribute to the higher price of bitcoins.

That is only because bitcoin has a very thin small market. The market for gold is about 1000 x. It is very hard to move big markets by more than a few percentage points.

Yes you are right. Gold is more stable than Bitcoin, and the price of gold is not as dynamic. This gold is attracting many investors who like stability. But Bitcoin love those who prefer to invest in more dynamic assets
Bitcoin is different because of fast price increase unlike in gold that you can gain interest every year small interest unlike in bitcoin every hours or minutes you can see the movement of the price.. because more people are trading and the price of bitcoin is relaying in demand and supply.. gold is too saturated that is why the movement of the price of gold are slow
legendary
Activity: 1232
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March 05, 2017, 12:44:20 PM
The point for understanding what would be profitable is related time span,
for sure now right now I will choose btc, that could become easily a "cubic gold" with a 5 digits value.

i will choose bitcoin too like you, i see that bitcoin have a good future and i think its good for to trying with bitcoin because bitcoin can be get for free and i don't have to spend my money, i can have it for free by doing anything. but for gold, i think i should buy it and for now, my money isn't enough to buy gold.
yeah bitcoin has a bright future so that bitcoin prices will definitely higher in the future. may be 2 or 3 times higher than current prices
so it is recommended to choose bitcoin
Are you sure in future the bitcoin price will increase 2 or 3 times to compare present price? I am not sure about bitcoin price, and I don't have any hope that it will cross 2000$ in this year end. Because last time the price went up to 1500$ after that, it suddenly went down to 200$. So who knows in future the same situation will repeat right. That is why I don't believe in bitcoin price.

The highest ever price back in 2013 was set by MtGox, which was $1242. I don't know where you get that $1500 number from, but obviously, it's false. At this point the market and the people involved in Bitcoin have been maturing to such a level, that another exact scenario is impossible to repeat. MtGox back then had total control over the market, and thus explains how much panic went through the market at that time. I am still supporting the thought that the price back then should have never reached a price anywhere near the $1000 level. It just wasn't ready for it. We can thank the MtGox bots for that....
full member
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March 05, 2017, 12:40:03 PM


That's right bitcoin has an ability to bounce back in quick time which is never possible with gold and if you compare the price then bitcoin will be much higher in future as the supply of bitcoin is limited and when demand will go higher in future it will directly contribute to the higher price of bitcoins.

That is only because bitcoin has a very thin small market. The market for gold is about 1000 x. It is very hard to move big markets by more than a few percentage points.

Yes you are right. Gold is more stable than Bitcoin, and the price of gold is not as dynamic. This gold is attracting many investors who like stability. But Bitcoin love those who prefer to invest in more dynamic assets
legendary
Activity: 1652
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March 05, 2017, 12:28:39 PM


That's right bitcoin has an ability to bounce back in quick time which is never possible with gold and if you compare the price then bitcoin will be much higher in future as the supply of bitcoin is limited and when demand will go higher in future it will directly contribute to the higher price of bitcoins.

That is only because bitcoin has a very thin small market. The market for gold is about 1000 x. It is very hard to move big markets by more than a few percentage points.
legendary
Activity: 1456
Merit: 1005
March 05, 2017, 12:25:52 PM
The point for understanding what would be profitable is related time span,
for sure now right now I will choose btc, that could become easily a "cubic gold" with a 5 digits value.

i will choose bitcoin too like you, i see that bitcoin have a good future and i think its good for to trying with bitcoin because bitcoin can be get for free and i don't have to spend my money, i can have it for free by doing anything. but for gold, i think i should buy it and for now, my money isn't enough to buy gold.
yeah bitcoin has a bright future so that bitcoin prices will definitely higher in the future. may be 2 or 3 times higher than current prices
so it is recommended to choose bitcoin
Are you sure in future the bitcoin price will increase 2 or 3 times to compare present price? I am not sure about bitcoin price, and I don't have any hope that it will cross 2000$ in this year end. Because last time the price went up to 1500$ after that, it suddenly went down to 200$. So who knows in future the same situation will repeat right. That is why I don't believe in bitcoin price.
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