Bitcoin or gold? - page 234. | Bitcointalksearch.org

Rostadom

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Quote from: Sithara007 on February 18, 2017, 10:34:42 AM

Quote from: Altas on February 18, 2017, 07:33:58 AM

Bitcoin is better than gold. Gold is physical so it can be easily find by others rather bitcoin is not physical. Another thing it can be easily changeable but gold is little difficult to change. Day by day the value of bitcoin is increasing faster than gold. Therefore it is better to invest in bitcoin.

Physical stuff has its own advantages against the digital assets. For example, it is very difficult to steal physical stuff. But it is relatively easy to steal Bitcoins from someone who is not that tech savvy.

Or maybe having a physical form is actually a disadvantage? That means someone can take it away from you or snatch it from you. The same way how bitcoins can be stolen from someone who's not tech savvy enough, anything physical can be stolen from someone who can't defend himself physically.

I actually think that bitcoin is even much safer because an average thief only takes fiat money and other valuable stuffs at your home. If he sees a piece of paper with a combination of number and letters written on it (your private keys), he would just think it's some kind of rubbish and don't think that it's associated with money.

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Quote from: Xester on February 17, 2017, 10:38:40 PM

The primary reason why there is good profit coming from bitcoin compared to gold is its age. Bitcoin is still young and has still a good potential to increase more in value. While gold is a very old commodity and that is why its price is stable and if there is an increase it will be in low percentage only. Another thing is that gold supply is very high compared to bitcoin which has limited supply and with this the higher the demand the higher the price of bitcoin will be.

Yeah you are right but I think that gold is kind of over I mean there are still many more investors when we compare with bitcoin but I don't think we can get high returns on gold now or in the future like we used to get in past. About the supply that's actually the main reasons why crypto currency will actually have value because no matter what we do we cannot exceed the maximum supply unlike gold

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Quote from: Altas on February 18, 2017, 07:33:58 AM

Bitcoin is better than gold. Gold is physical so it can be easily find by others rather bitcoin is not physical. Another thing it can be easily changeable but gold is little difficult to change. Day by day the value of bitcoin is increasing faster than gold. Therefore it is better to invest in bitcoin.

Physical stuff has its own advantages against the digital assets. For example, it is very difficult to steal physical stuff. But it is relatively easy to steal Bitcoins from someone who is not that tech savvy.

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The thing with Bitcoin is that once there isn't any number signs tied to it then only a few people will want it. Otherwise Bitcoin is just electrons and when more people see that fact then they would think differently about money in general.

Gold is a precious metal that holds value even if there isn't any currency tied to it. If you gave someone the choice to have Bitcoin or Gold during a apocalypse I am quite sure that the person would choose to have the Gold rather than the box filled with electrons.

BitHodler

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Quote from: Altas on February 18, 2017, 07:33:58 AM

Bitcoin is better than gold. Gold is physical so it can be easily find by others rather bitcoin is not physical. Another thing it can be easily changeable but gold is little difficult to change. Day by day the value of bitcoin is increasing faster than gold. Therefore it is better to invest in bitcoin.

Gold's physical form is what a lot average joes like about it as it is something they can actually hold in their hands ~ and thus it gives them the feeling that it exists.

That's something they don't feel with Bitcoin. I know it's a twisted way of thinking, but it's the reality. No matter how many times you try to explain them how things work, they just ignore it.

Also, what do you mean with 'it can be easily changeable'? Are you talking about the fluctuations or how divisible Bitcoin as tool is compared to gold?

Altas

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Bitcoin is better than gold. Gold is physical so it can be easily find by others rather bitcoin is not physical. Another thing it can be easily changeable but gold is little difficult to change. Day by day the value of bitcoin is increasing faster than gold. Therefore it is better to invest in bitcoin.

robocop3

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I perfer bitcoin over gold has its easily exchangeable and the value seems to gain at a faster rate than gold is doing. Bitcoin is totally digital, and about Gold one can buy Physical as well as Electronically. So at some point it can be hidden, but also it is possible for the government to know how much you possess. But Bitcoin now is much better option to think for investing, for both financially and safely.

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Given a choice, I would like to go ahead with both Gold and Bitcoin because the nature of both assets are different than each other. Gold has many uses apart from being an investment. You can make ornaments from gold and flaunt yourself in style. However, Bitcoin is a currency which may help you to buy something expensive of your wish.

Gold is an already established asset and you can easily sell it to get the return on your investment, but the price is stable and doesn't fluctuate like Bitcoin. On the other hand bitcoin has a huge upside potential and the price is very dynamic. So I would love to use both.

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Quote from: Xester on February 17, 2017, 10:38:40 PM

Quote from: phr0stbyt3 on February 17, 2017, 05:06:22 PM

Quote from: mamaita on February 14, 2017, 03:06:57 AM

if there is a choice bitcoin or gold I definitely would choose bitcoin, because now it harganyta has started to increase every year always go up, and the market was also now many users. This is a business opportunity in the current era

That's true gold barely gives 1-2% returns per year sometimes it also gives us loss while bitcoin has proven to provide better returns after each year plus it is being recognised by more people daily that also gives a huge bump in the price. If it continues like this I can guarantee that by end of 2017 bitcoin will be 2000$+ for sure.

The primary reason why there is good profit coming from bitcoin compared to gold is its age. Bitcoin is still young and has still a good potential to increase more in value. While gold is a very old commodity and that is why its price is stable and if there is an increase it will be in low percentage only. Another thing is that gold supply is very high compared to bitcoin which has limited supply and with this the higher the demand the higher the price of bitcoin will be

You are confusing price with value

And the value of gold doesn't seem to change much over time (unlike Bitcoin), this might be true after all, while the price of it as well as Bitcoin's greatly depend on the value of an asset in which their prices are denominated. Since the prices of both gold and Bitcoin are universally denominated in the US dollars, the change in the value of the latter will mechanically affect the prices of the former, though this doesn't mean that their values have changed

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Quote from: J Gambler on February 17, 2017, 08:49:29 PM

I realize something gold is stable price but hard to find here in my country if we are going to do buy and sell which is we need to find a good seller of good and other minings here in my country are already closed so maybe we are going to start earning bitcoin in our bestway to earn money. Lots of people nowadays in my country are starting to adopt bitcoin to do investment and tradings.

And gold's price is increasing as the time goes by. The longer gold will be on your hands its value can become higher the same thing with bitcoin. But its more hard to get gold and I prefer to choose bitcoin because its easier to earn and get it. But if I will have a time to have them both, I will certainly get them both for investment.

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Quote from: tkbx on March 09, 2014, 02:21:54 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.

50% more logical. It does not make sense to invest all as bitcoins or gold. In this way we will reduce any potential damage. But I think you will gain more value from under the bitcoin.
For this, it will suffice to look at the value increase of bitcoin over the last 5 years.

Xester

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Quote from: phr0stbyt3 on February 17, 2017, 05:06:22 PM

Quote from: mamaita on February 14, 2017, 03:06:57 AM

if there is a choice bitcoin or gold I definitely would choose bitcoin, because now it harganyta has started to increase every year always go up, and the market was also now many users. This is a business opportunity in the current era

That's true gold barely gives 1-2% returns per year sometimes it also gives us loss while bitcoin has proven to provide better returns after each year plus it is being recognised by more people daily that also gives a huge bump in the price. If it continues like this I can guarantee that by end of 2017 bitcoin will be 2000$+ for sure.

The primary reason why there is good profit coming from bitcoin compared to gold is its age. Bitcoin is still young and has still a good potential to increase more in value. While gold is a very old commodity and that is why its price is stable and if there is an increase it will be in low percentage only. Another thing is that gold supply is very high compared to bitcoin which has limited supply and with this the higher the demand the higher the price of bitcoin will be.

J Gambler

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I realize something gold is stable price but hard to find here in my country if we are going to do buy and sell which is we need to find a good seller of good and other minings here in my country are already closed so maybe we are going to start earning bitcoin in our bestway to earn money. Lots of people nowadays in my country are starting to adopt bitcoin to do investment and tradings.

coin revolution

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Quote from: tkbx on March 09, 2014, 02:21:54 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.

I think I would prefer bitcoin. At the moment the bitcoin preev value was $ 1050. And every day it grows more and more. Gold is not valuable as much as bitcoin. But bitcoin has more risks than the bottom. To me, this risk is worth taking. Bitcoin has gained a lot of value in just 7 years. I think it will be much more valuable after 7 years.

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Quote from: mamaita on February 14, 2017, 03:06:57 AM

if there is a choice bitcoin or gold I definitely would choose bitcoin, because now it harganyta has started to increase every year always go up, and the market was also now many users. This is a business opportunity in the current era

That's true gold barely gives 1-2% returns per year sometimes it also gives us loss while bitcoin has proven to provide better returns after each year plus it is being recognised by more people daily that also gives a huge bump in the price. If it continues like this I can guarantee that by end of 2017 bitcoin will be 2000$+ for sure.

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Quote from: HanvanBitcoin on February 17, 2017, 04:44:34 PM

Bitcoin > Gold

Bitcoin is new to us and good for every individual that's why it is in demand but gold is there for years and most of the people around the world have invested their money into gold.

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Bitcoin > Gold

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Quote from: Sithara007 on February 17, 2017, 02:46:38 AM

Quote from: wizmo on February 16, 2017, 02:17:33 PM

If you're thinking about long term investment then I would say Gold but for short term bitcons is the best option.

I don't think that Bitcoin is suitable for short term investment. IMO, BTC is more suitable for medium term and long-term investment. Don't expect Bitcoin to give you 1,000% ROI in 6 months. That is not going to happen. Grin

You just can't come and say that Bitcoin is (not) suitable for short term investments

If we compare it with gold (as the thread title suggests), then this claim has obviously little to do with reality since Bitcoin volatility exceeds the volatility of gold by a good margin. That's what makes it suitable exactly for short term investments if you have to choose between Bitcoin and gold. On the other hand, if you are actively trading in derivative markets (e.g. gold futures and options) with their severe volatility, then you could potentially claim what you claim. Apart from that, if we talk in general, i.e. without using anything as a reference point, the higher the volatility of an asset, the more profits you can theoretically make within the same period of time

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Quote from: geopolisch on February 17, 2017, 01:10:29 PM

Quote from: wizmo on February 16, 2017, 03:34:57 PM

Quote from: Sled on February 16, 2017, 03:26:57 PM

Quote from: wizmo on February 16, 2017, 02:17:33 PM

If you're thinking about long term investment then I would say Gold but for short term bitcons is the best option.

Great pick. I also will do that kind of decision since Gold is very stable and the price is slowly increasing after a few years but bitcoin can be also a long term investment which offers high returns rather than gold so i think. I would put the 80% of my money in bitcoin and 20% on gold so even though i didn't earn enough money on bitcoin, I still have back up investment like gold.

Investing in bitcoins is like gambling your money as price can go down soon or maybe rise again you can't be sure as for gold it will keep rising and you can get some ROI.

Although that might be true in some point, but still bitcoin is a still a good way to make a good profit as long as it is high, that is why you should never consider long time investment in it you should wait for the opportunity and grab it, gold on the other hand rises slowly and steady which makes it a good long term investment.

yes bitcoin is really a good way of making money. although gold investment is also a good option but investment in gold is only good for saving money. and if you want to make money from investment then you need to invest your money in bitcoin from where you can make good profit.

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Quote from: wizmo on February 16, 2017, 03:34:57 PM

Quote from: Sled on February 16, 2017, 03:26:57 PM

Quote from: wizmo on February 16, 2017, 02:17:33 PM

If you're thinking about long term investment then I would say Gold but for short term bitcons is the best option.

Great pick. I also will do that kind of decision since Gold is very stable and the price is slowly increasing after a few years but bitcoin can be also a long term investment which offers high returns rather than gold so i think. I would put the 80% of my money in bitcoin and 20% on gold so even though i didn't earn enough money on bitcoin, I still have back up investment like gold.

Investing in bitcoins is like gambling your money as price can go down soon or maybe rise again you can't be sure as for gold it will keep rising and you can get some ROI.

Although that might be true in some point, but still bitcoin is a still a good way to make a good profit as long as it is high, that is why you should never consider long time investment in it you should wait for the opportunity and grab it, gold on the other hand rises slowly and steady which makes it a good long term investment.

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