Bitcoin or gold? - page 227. | Bitcointalksearch.org

culuuton

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Quote from: mrkevio on February 27, 2017, 04:04:44 AM

Quote from: shualingfa on February 27, 2017, 03:29:51 AM

Bitcoin. Bitcoin is not the core of the currency itself, but the bitcoin agreement. Bitcoin ecosystem contains many possibilities, which is the biggest difference between gold and it, because the former belongs to the future.

It's actually a though question.. Bitcoin is good for now because we are using the technology and we have access to it, and Bitcoin cannot be confiscated by governments like gold was in many countries worldwide.. But if one of the Internet structure fails, Bitcoin would be over. I was taught to split my risks so if one fails, I will still have the others. Sure, the investment is way smaller in each then but I would not have to risk losing all at once.

I like the convenience of getting paid for my work directly to my account and cash out the euros for bitcoins whenever I need them.

mitkala

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Quote from: Oggy1987 on February 27, 2017, 03:31:31 PM

Okay, we got many predictions about bitcoin, but what do you say for gold and silver in next 5 years? Any chance to fly it to the moon? What I hope for is silver getting to $50 per ounce in that time. For some it may seem like a joke, but I sure think its undervalued right now, and it would make me a decent profit Cheesy

The gold or silver price will only rise according to the inflation. They are already big.

Oggy1987

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Okay, we got many predictions about bitcoin, but what do you say for gold and silver in next 5 years? Any chance to fly it to the moon? What I hope for is silver getting to $50 per ounce in that time. For some it may seem like a joke, but I sure think its undervalued right now, and it would make me a decent profit Cheesy

Ewinsane

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Quote from: Lecam on February 26, 2017, 07:37:01 PM

For now i choose bitcoin the price of bitcoin now is more than a gold. So bitcoin is better for gold but if choose for a long term investment i choose gold its better to keep it for a long time.

yeah you are right that bitcoin price is much more higher than gold but i think bitcoin is much more better than gold as long term investment because gold is too much stable and gold increasing its price too much slow and bitcoin increasing its price too much faster so i like to invest in bitcoin.

PancherBitCoin

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Of course, many of my views may not share, but the gold I have more confidence. This metal is prized all past centuries and will be valued in the future. Therefore, choosing one of two gold and bitcoin, I should say that that I choose both. I earn money to bitcoin and invest in gold.

Mbokani

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Quote from: Rinder on February 27, 2017, 02:10:27 PM

Gold is an amazing way to store value over time without loose too much, but why to invest into something that all know and can be manipulated by countries, while bitcoin has a potencial hight and amazing results in the general, last 3 years for bitcoin were the best till the moment, we did jumped from 250-1100 dollars in 3 years, i doubt gold has made such on the same period, in the past gold raised a lot but its limited already.

Gold is always a good way to store your wealth and throughout history it was like that and with the ever rising price of bitcoin it might overcome the price of gold on its way pretty soon and if so it would be a huge advantage for all the believers of virtual currency.

BitHodler

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Quote from: deisik on February 27, 2017, 01:10:54 PM

Quote from: BitHodler on February 26, 2017, 07:06:09 PM

Quote from: BTCSpearo on February 26, 2017, 05:28:17 PM

Split the difference and buy both. Gold is excellent worse case scenario insurance, Bitcoin is digital gold and will likely outperform gold but its young, unproven, and doesn't have gold's 1000+ year track record. I say buy both.

Gold is too conservative as an investment tool which doesn't guarantee you to be a good "worst case scenario insurance" in terms of being profitable

How can you ever tell that?

In the worst case scenario (say, a Mad Max one) you won't care for profits altogether ("better one small fish than an empty dish"). In fact, you will be just happy if any of your assets doesn't lose value (or lose it in a somewhat acceptable degree). That most likely will be gold, not Bitcoin. Gold is a sort of last resort in what concerns personal finances and their protection. That's likely the reason why gold had been underperforming for the last few decades since it would be too good for an asset of last resort to offer hefty profitability

I am talking about short to mid term investments purely in terms of profitability, that's it. You're just going deeper than needed. Not everyone is interested in gold for the reason you mentioned.

Rinder

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Gold is an amazing way to store value over time without loose too much, but why to invest into something that all know and can be manipulated by countries, while bitcoin has a potencial hight and amazing results in the general, last 3 years for bitcoin were the best till the moment, we did jumped from 250-1100 dollars in 3 years, i doubt gold has made such on the same period, in the past gold raised a lot but its limited already.

deisik

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Quote from: BitHodler on February 26, 2017, 07:06:09 PM

Quote from: BTCSpearo on February 26, 2017, 05:28:17 PM

Split the difference and buy both. Gold is excellent worse case scenario insurance, Bitcoin is digital gold and will likely outperform gold but its young, unproven, and doesn't have gold's 1000+ year track record. I say buy both.

Gold is too conservative as an investment tool which doesn't guarantee you to be a good "worst case scenario insurance" in terms of being profitable

How can you ever tell that?

In the worst case scenario (say, a Mad Max one) you won't care for profits altogether ("better one small fish than an empty dish"). In fact, you will be just happy if any of your assets doesn't lose value (or lose it in a somewhat acceptable degree). That most likely will be gold, not Bitcoin. Gold is a sort of last resort in what concerns personal finances and their protection. That's likely the reason why gold had been underperforming for the last few decades since it would be too good for an asset of last resort to offer hefty profitability

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Quote from: justdimin on February 27, 2017, 04:20:29 AM

Quote from: upsidedown75 on February 27, 2017, 04:18:04 AM

I believe bitcoin prices will stay similar to gold prices, staying so stable. Before end of this week we can expect bitcoin prices to beat gold prices.

Yes, both gold and bitcoin are more stable as it is present for a long time, while bitcoin is very new as compare to bitcoin and making its appreciations to match gold. I think when time will pass the bitcoin will become more stable but I think the income that we can get from bitcoin right now we cannot expect it from gold.

Both are good investments as of now but they do really differ at all and speaking of value, gold does prove out itself in how many years since from the beginning of human civilization it does have already a value that bitcoin cant beat even though he could able to surpass gold current value but still people will recognize gold no matter what.

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Quote from: upsidedown75 on February 27, 2017, 04:18:04 AM

I believe bitcoin prices will stay similar to gold prices, staying so stable. Before end of this week we can expect bitcoin prices to beat gold prices.

Yes, both gold and bitcoin are more stable as it is present for a long time, while bitcoin is very new as compare to bitcoin and making its appreciations to match gold. I think when time will pass the bitcoin will become more stable but I think the income that we can get from bitcoin right now we cannot expect it from gold.

Quote from: mrkevio on February 27, 2017, 04:04:44 AM

Bitcoin is good for now because we are using the technology and we have access to it, and Bitcoin cannot be confiscated by governments like gold was in many countries worldwide..

That is the reason people are expecting bitcoin to beat gold in near future. When considering the flexibility and usage as per digital era and day to today life, bitcoin is only suitable whereas gold is completely remains as a traditional way of store of value.

upsidedown75

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Quote from: Bitcoinsummoner on February 20, 2017, 02:17:38 PM

Quote from: bryant.coleman on February 20, 2017, 01:46:40 PM

Quote from: ged00u on February 20, 2017, 01:18:54 PM

Bitcoin is unstable but as you can see, the prices always go up no matter how many times it has been dropped.

No. There is no guarantee for that. For example, the exchange rates touched a peak of $1,230+ in 2013 December. Almost four years have passed, and we are yet to witness exchange rates at those levels (although now it is getting quite close). Have you imagined the situation of those who purchased Bitcoins back in 2013, for $1,230 per coin?

Well i think it will not be the same as 2013 happen that the price hit the price and crash that i think for now its impossible to happen because we are already growing and more people are holding large amount of bitcoin and many people also are using bitcoin they can manipulate the price of bitcoin since we are growing the price gradually increasing..

Yes, the situation is now totally changed and we are not expecting such kind situation that happed in 2013. In fact now the uses of bitcoin are increasing and bitcoin is getting more support from investors and traders in terms of huge volumes.

I believe bitcoin prices will stay similar to gold prices, staying so stable. Before end of this week we can expect bitcoin prices to beat gold prices.

mrkevio

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Quote from: shualingfa on February 27, 2017, 03:29:51 AM

Bitcoin. Bitcoin is not the core of the currency itself, but the bitcoin agreement. Bitcoin ecosystem contains many possibilities, which is the biggest difference between gold and it, because the former belongs to the future.

It's actually a though question.. Bitcoin is good for now because we are using the technology and we have access to it, and Bitcoin cannot be confiscated by governments like gold was in many countries worldwide.. But if one of the Internet structure fails, Bitcoin would be over. I was taught to split my risks so if one fails, I will still have the others. Sure, the investment is way smaller in each then but I would not have to risk losing all at once.

ASHLIUSZ

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Quote from: chachaa on February 26, 2017, 11:24:30 AM

Quote from: shulio on February 26, 2017, 10:23:57 AM

Quote from: JL421 on February 26, 2017, 09:58:50 AM

You are getting me wrong I said if you compare the supply of bitcoin with gold , there will
be X10 gold out there compared to bitcoin supply and I agree that most of the richer deposits
are on decline but the amount of crypto currencies coming up I'm pretty sure one day these
currencies will replace gold or other commodities easily.

You know by this theory, we could say that by atleast 10-20 more years the price for bitcoin could be pumping crazily as the suply is low enough. Imagine what we will get after 3-4 halvings, this halving has lead the price to over 1k USD and imagine how the effect of the next halving going to affect the price compared to gold

you are right, every time the price of Bitcoin will become higher. But the price increase is not an increase of confidence. The level of confidence in gold is much higher than the level of trust in the cryptocurrency

Agreed, gold has gained lot of trust as well investors around as a commodity with value backing. Same with cryptocurrency profit and variation is high but their is no assurance. The risk involved is more. Even bitcoin can attain the position of gold if few governments adopts it as their own currency. Now too its not that worse because bitcoin existed few years back but gold is valuable from the ancient time. So when years pass bitcoin gets its importance.

shualingfa

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Bitcoin. Bitcoin is not the core of the currency itself, but the bitcoin agreement. Bitcoin ecosystem contains many possibilities, which is the biggest difference between gold and it, because the former belongs to the future.

Taki

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Quote from: Pattart on February 27, 2017, 02:39:03 AM

Quote from: Lecam on February 26, 2017, 07:37:01 PM

For now i choose bitcoin the price of bitcoin now is more than a gold. So bitcoin is better for gold but if choose for a long term investment i choose gold its better to keep it for a long time.

I thought the price of bitcoin is still far below the price of gold. but to potential future bitcoin. bitcoin is certainly superior. gold will not be able to have the price of a 2-fold in the future but bitcoin can do it

Today bitcoin is used mainly as a store of value or as a speculative asset. As a store of value, bitcoin has the same properties as gold (scarcity, durability, divisibility); bitcoin also instant and free to send anywhere, and this characteristic of bitcoin, for many, even more attractive than gold.

Pattart

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Quote from: Lecam on February 26, 2017, 07:37:01 PM

For now i choose bitcoin the price of bitcoin now is more than a gold. So bitcoin is better for gold but if choose for a long term investment i choose gold its better to keep it for a long time.

I thought the price of bitcoin is still far below the price of gold. but to potential future bitcoin. bitcoin is certainly superior. gold will not be able to have the price of a 2-fold in the future but bitcoin can do it

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Quote from: Lecam on February 26, 2017, 07:37:01 PM

For now i choose bitcoin the price of bitcoin now is more than a gold. So bitcoin is better for gold but if choose for a long term investment i choose gold its better to keep it for a long time.

How can you say that the price of Bitcoin is more than the price of gold? Both these assets can't be compared. Gold is a physical asset, while Bitcoin is a digital asset. You can't measure Bitcoin using the same unit which you use for measuring gold.

conected

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Quote from: NEWGOODOUBLE on February 26, 2017, 07:21:36 PM

Quote from: BTCSpearo on February 26, 2017, 05:28:17 PM

Split the difference and buy both. Gold is excellent worse case scenario insurance, Bitcoin is digital gold and will likely outperform gold but its young, unproven, and doesn't have gold's 1000+ year track record. I say buy both.

may buy both not too bad idea. gold can be a safe investment and backup funds if you need money quickly. and bitcoin is a profitable investment in the near future

- I agree with you, both have own advantages and disadvantages. Invest in gold is still the most safe and bring long term profitability but the trend of buying gold has decreased in the recent years. The price of Bitcoin is tending upwards and is becoming one market potential and popularity around the world, although there are risks, but profits come from Bitcoin is quite large. However, gold and Bitcoin are a good investment and will develop in the future but all is just prediction, don't put too much trust in something

Lecam

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For now i choose bitcoin the price of bitcoin now is more than a gold. So bitcoin is better for gold but if choose for a long term investment i choose gold its better to keep it for a long time.

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