Topic: Bitcoin or gold? - page 242. (Read 984470 times)
I prefer to buy Bitcoin
I select the bitcoin, current investment bitcoin is the most profitable because it can get up to 30% in 1 month. It may seem absurd, but I've proven. I see gold is stagnan and not profitable in a last year.
It doesn't really matter. Gold is an eternal haven. While the situation can be worried between 2 countries, investors often decid to turn to this metal to avoid any risk.
And don't forget that currently, there are three products to invest in gold. The individual may be interested in the semi-numismatiques parts that are no longer in strike (Napoleon 20F, Latin union,...), Bullion Coins struck pure gold or bullion and ingots ranging from 1 gram to 1 kilogram
I select the bitcoin, current investment bitcoin is the most profitable because it can get up to 30% in 1 month. It may seem absurd, but I've proven. I see gold is stagnan and not profitable in a last year.
I should choose bitcoin instead of gold because it has an ability of price fluctuations that may rise up high unlike gold its price demand is declining nowadays due to more fashion accesories alternatives that may compete gold demand. Both of then has different advantages but, I would likely recommend bitcoin to friends and relatives.
for the traders and stock holders they would probably choose bitcoin against gold because it is more harder for them to earn if they choose gold. choosing gold will lead them to more long days to have income while if they choose bitcoin. they will just wait for a moment if they know what they are doing and then sell their bitcoin in higher rate.
I should choose bitcoin instead of gold because it has an ability of price fluctuations that may rise up high unlike gold its price demand is declining nowadays due to more fashion accesories alternatives that may compete gold demand. Both of then has different advantages but, I would likely recommend bitcoin to friends and relatives.
I suggest bitcoin because it's secure and fast no need to type any personal info and the transactions are totally free and if you save lots and lots of bitcoins right now you could be a millionaire after 10 years because more people are investing to this crypto currency more countries are starting to use bitcoin.
All well and good until you try to cash out.
How exactly do you intend to convert $1 million in bitcoin to cash without giving out all your personal info.
I make the argument that it's good to own both precious metals and bitcoin, but you would convert $1 million in bitcoin to cash the same way you would any precious metals. You do it out in the open giving your personal information away, or you do it the shady way. I don't see how the same doesn't apply to precious metals.
I suggest bitcoin because it's secure and fast no need to type any personal info and the transactions are totally free and if you save lots and lots of bitcoins right now you could be a millionaire after 10 years because more people are investing to this crypto currency more countries are starting to use bitcoin.
All well and good until you try to cash out.
How exactly do you intend to convert $1 million in bitcoin to cash without giving out all your personal info.
Bitcoin will always be a good investment for me rather in gold nowadays, if you are just going to check it out what is going on now in the value of bitcoin, its getting stronger and stronger, look at this link in bitcoinwisdom.com, It is really more than a gold for me especially the community o bitcoin are becoming more aggressive to buy it more and more.
bitcoin is indeed a good investment as compare to gold and any other investment, in fact bitcoin has the quality that every simply holding it you can earn a decent income. and if you are interested then you can also invest your bitcoin in alt coin and can also make good profit from there. while gold is only good for saving, because its price is very stable and we can observed a very slight change in the price of gold. 
I suggest bitcoin because it's secure and fast no need to type any personal info and the transactions are totally free and if you save lots and lots of bitcoins right now you could be a millionaire after 10 years because more people are investing to this crypto currency more countries are starting to use bitcoin.
yeah I agree with you, if you're using bitcoin to invest long term, the example you hold bitcoin for the next 10 years. it will be much safer than gold and of course you will become a millionaire if you buy a lot of bitcoin. 
I suggest bitcoin because it's secure and fast no need to type any personal info and the transactions are totally free and if you save lots and lots of bitcoins right now you could be a millionaire after 10 years because more people are investing to this crypto currency more countries are starting to use bitcoin.
Bitcoin will always be a good investment for me rather in gold nowadays, if you are just going to check it out what is going on now in the value of bitcoin, its getting stronger and stronger, look at this link in bitcoinwisdom.com, It is really more than a gold for me especially the community o bitcoin are becoming more aggressive to buy it more and more.
bitcoin is indeed a good investment as compare to gold and any other investment, in fact bitcoin has the quality that every simply holding it you can earn a decent income. and if you are interested then you can also invest your bitcoin in alt coin and can also make good profit from there. while gold is only good for saving, because its price is very stable and we can observed a very slight change in the price of gold. Gold prefer conservative investors. Those who are accustomed to stability.
Bitcoin progressive coin. It is very hard to predict what will happen tomorrow with Bitcoins. But those who are willing to risk buying Bitcoin. Gold does not give such income
it is very difficult to get the gold
Where do you live? it's usually quite easy to buy gold bullion in most places.
I think it doesn't matter where we live in getting gold. Because for me, I can say that it is hard to get gold and those people who acquire gold are the only ones that are wealthy enough and can afford to buy it. I prefer to choose bitcoin because it is preferable and much easier to use and to acquire even you will small amount, you can have it.
Well if we are considering gold as an investment then it is not so difficult to buy gold nowadays. Especially if you have bitcoins then you can buy gold through the online broker such as 1broker. The only limitation is that you can't get it in psychical form by that way. You would be able to get gain out of price movements for your investment.
I prefer to buy Bitcoin. I can buy it very easily. But this is not the only reason for buying Bitcoins. I like the fact that he is constantly getting more expensive
And it is going to become more expensive for the next years especially when it reach its total supply limit. The supply will become lesser because a lot of whales are going to do something to control and manipulate the economy and pricing of bitcoin just like what is happening today. So bitcoin will be better than gold in the future.
but on the other hand I knew it would add to the popularity of bitcoin
Gold prefer conservative investors. Those who are accustomed to stability.
Bitcoin progressive coin. It is very hard to predict what will happen tomorrow with Bitcoins. But those who are willing to risk buying Bitcoin. Gold does not give such income
Bitcoin progressive coin. It is very hard to predict what will happen tomorrow with Bitcoins. But those who are willing to risk buying Bitcoin. Gold does not give such income
Preserves value. That has been it's functionality during the last well 5000 years, more or less.
Other precious metals can serve the same functionality, and if there is real industry demand maybe the income perspective outperforms gold. At the current moment I am looking at distribution pathways that dodge some insane taxings applied to anything besides gold at my country.
Bitcoin will always be a good investment for me rather in gold nowadays, if you are just going to check it out what is going on now in the value of bitcoin, its getting stronger and stronger, look at this link in bitcoinwisdom.com, It is really more than a gold for me especially the community o bitcoin are becoming more aggressive to buy it more and more.
bitcoin is indeed a good investment as compare to gold and any other investment, in fact bitcoin has the quality that every simply holding it you can earn a decent income. and if you are interested then you can also invest your bitcoin in alt coin and can also make good profit from there. while gold is only good for saving, because its price is very stable and we can observed a very slight change in the price of gold. Gold prefer conservative investors. Those who are accustomed to stability.
Bitcoin progressive coin. It is very hard to predict what will happen tomorrow with Bitcoins. But those who are willing to risk buying Bitcoin. Gold does not give such income
Bitcoin will always be a good investment for me rather in gold nowadays, if you are just going to check it out what is going on now in the value of bitcoin, its getting stronger and stronger, look at this link in bitcoinwisdom.com, It is really more than a gold for me especially the community o bitcoin are becoming more aggressive to buy it more and more.
bitcoin is indeed a good investment as compare to gold and any other investment, in fact bitcoin has the quality that every simply holding it you can earn a decent income. and if you are interested then you can also invest your bitcoin in alt coin and can also make good profit from there. while gold is only good for saving, because its price is very stable and we can observed a very slight change in the price of gold. Regarding diversification, I'm inclined to think (and Warren Buffett heavily supports my view) that the whole point of diversification is exactly the opposite what you claim, i.e. maximizing profits, not minimizing losses. More specifically, why would you ever want to keep your funds in something which you expect to fail? The best strategy would be to withdraw your money from such an asset altogether. If you expect money to fail, just don't keep your wealth in it. Why do you invest money in Bitcoin? Because you want to earn profits. Why do you you freeze your funds in gold? Because it can't collapse to the ground, and thus won't inflict heavy losses. This is obviously a strategy aimed at maximizing earnings since minimizing losses would mean pouring all your money into gold. As simple as it gets
Good points, I just don't see diversification that way. Diversification is defined literally as a risk management technique, it lowers risk. If bitcoin was the top performing investment, everyone would just sink 100% of their portfolio into it. The reason people choose to make a little less money and not invest 100% into the top performing asset is because they apply diversification, risk management.
I believe when it comes to this we simple see things differently is all. I don't see investing in gold as freezing my funds, I see it as diversification. Spreading my money out so all of my eggs are never in one basket, plus it's nice to be able to physically buy, sell, and hold one of my asset classes. It's not digits on a screen, it's physical. Just for the record though I don't believe in buying gold, but silver instead. Smaller denominations make it easier to buy and sell, and it simply performs better. I probably wouldn't call buying precious metals an "investment" either, but a "diversification", because I know I won't make much money on them, but that was never my goal, diversification was.
It's not necessarily about maximizing earnings and minimizing losses 100%. You have to find a balance in my opinion. Like I said, diversification is key. Obviously you put more money into what is performing better (bitcoin), but that doesn't mean I want to put 100% of my money into bitcoin, it means I'll probably put around double as much as I have in precious metals into bitcoin (which both by the way still make up a small amount of a portfolio as they should). I'm just attacking this from a store of value/diversification angle not entirely an investment angle, I believe that's why we see so differently!
I appreciate your pains in evaluating your stance on this issue
But what you say is really a strategy which still has as its ultimate goal maximizing profits at a certain amount of risk. Let's be honest, you are in fact looking for earning more, not so much for preserving your wealth (where diversification is actually a bad idea as I said). This is the key difference which allows to tell between diversification for the purpose of maximizing profits or that of minimizing losses. In other words, you set a reasonable level of risk and then still go for profits by balancing different assets in your portfolio (which is what diversification should be used for). On the other hand, the task of minimizing risks would be your primary aim if you were looking for just storing your wealth (regardless and likely at the expense of profits). That seems to be a key distinction
Yeah I agree with pretty much everything you're saying, you're right. It's a fact that I set a reasonable level of risk but still go for profits by balancing different assets in my portfolio, I just don't think it's a bad idea to keep a small portion of your net worth (not necessarily your investment portfolio) in precious metals, on hand, even if it's not the most profitable investment.
Regarding diversification, I'm inclined to think (and Warren Buffett heavily supports my view) that the whole point of diversification is exactly the opposite what you claim, i.e. maximizing profits, not minimizing losses. More specifically, why would you ever want to keep your funds in something which you expect to fail? The best strategy would be to withdraw your money from such an asset altogether. If you expect money to fail, just don't keep your wealth in it. Why do you invest money in Bitcoin? Because you want to earn profits. Why do you you freeze your funds in gold? Because it can't collapse to the ground, and thus won't inflict heavy losses. This is obviously a strategy aimed at maximizing earnings since minimizing losses would mean pouring all your money into gold. As simple as it gets
Good points, I just don't see diversification that way. Diversification is defined literally as a risk management technique, it lowers risk. If bitcoin was the top performing investment, everyone would just sink 100% of their portfolio into it. The reason people choose to make a little less money and not invest 100% into the top performing asset is because they apply diversification, risk management.
I believe when it comes to this we simple see things differently is all. I don't see investing in gold as freezing my funds, I see it as diversification. Spreading my money out so all of my eggs are never in one basket, plus it's nice to be able to physically buy, sell, and hold one of my asset classes. It's not digits on a screen, it's physical. Just for the record though I don't believe in buying gold, but silver instead. Smaller denominations make it easier to buy and sell, and it simply performs better. I probably wouldn't call buying precious metals an "investment" either, but a "diversification", because I know I won't make much money on them, but that was never my goal, diversification was.
It's not necessarily about maximizing earnings and minimizing losses 100%. You have to find a balance in my opinion. Like I said, diversification is key. Obviously you put more money into what is performing better (bitcoin), but that doesn't mean I want to put 100% of my money into bitcoin, it means I'll probably put around double as much as I have in precious metals into bitcoin (which both by the way still make up a small amount of a portfolio as they should). I'm just attacking this from a store of value/diversification angle not entirely an investment angle, I believe that's why we see so differently!
I appreciate your pains in evaluating your stance on this issue
But what you say is really a strategy which still has as its ultimate goal maximizing profits at a certain amount of risk. Let's be honest, you are in fact looking for earning more, not so much for preserving your wealth (where diversification is actually a bad idea as I said). This is the key difference which allows to tell between diversification for the purpose of maximizing profits or that of minimizing losses. In other words, you set a reasonable level of risk and then still go for profits by balancing different assets in your portfolio (which is what diversification should be used for). On the other hand, the task of minimizing risks would be your primary aim if you were looking for just storing your wealth (regardless and likely at the expense of profits). That seems to be a key distinction
I just sold my bitcoin yesterday when i checked the price of gold it was really high and then when i saw it the gold decrease i decided to sold it before it will decrease continuously for me bitcoin is better than gold ever since i started to use bitcoin since then i just tried to use gold just to try if i can really make good profit in trading.
Regarding diversification, I'm inclined to think (and Warren Buffett heavily supports my view) that the whole point of diversification is exactly the opposite what you claim, i.e. maximizing profits, not minimizing losses. More specifically, why would you ever want to keep your funds in something which you expect to fail? The best strategy would be to withdraw your money from such an asset altogether. If you expect money to fail, just don't keep your wealth in it. Why do you invest money in Bitcoin? Because you want to earn profits. Why do you you freeze your funds in gold? Because it can't collapse to the ground, and thus won't inflict heavy losses. This is obviously a strategy aimed at maximizing earnings since minimizing losses would mean pouring all your money into gold. As simple as it gets
Good points, I just don't see diversification that way. Diversification is defined literally as a risk management technique, it lowers risk. If bitcoin was the top performing investment, everyone would just sink 100% of their portfolio into it. The reason people choose to make a little less money and not invest 100% into the top performing asset is because they apply diversification, risk management.
I believe when it comes to this we simple see things differently is all. I don't see investing in gold as freezing my funds, I see it as diversification. Spreading my money out so all of my eggs are never in one basket, plus it's nice to be able to physically buy, sell, and hold one of my asset classes. It's not digits on a screen, it's physical. Just for the record though I don't believe in buying gold, but silver instead. Smaller denominations make it easier to buy and sell, and it simply performs better. I probably wouldn't call buying precious metals an "investment" either, but a "diversification", because I know I won't make much money on them, but that was never my goal, diversification was.
It's not necessarily about maximizing earnings and minimizing losses 100%. You have to find a balance in my opinion. Like I said, diversification is key. Obviously you put more money into what is performing better (bitcoin), but that doesn't mean I want to put 100% of my money into bitcoin, it means I'll probably put around double as much as I have in precious metals into bitcoin (which both by the way still make up a small amount of a portfolio as they should). I'm just attacking this from a store of value/diversification angle not entirely an investment angle, I believe that's why we see so differently!
I'm not sure that bitcoin fulfills everything that gold does, but I think silver rather than gold would be the way to go for diversification. Smaller denominations make silver easier to obtain and sell quickly. Sure some people that buy precious metals are conspiracy theorists and doomsday prepper's, but a lot of them also just own metals for diversification.
But I never said that in the first place
I referred to speculation and profiteering as I specifically pointed out in my post. Some folks are claiming that Bitcoin is a good store of value. But that's outright bullshit if you ask me. They just don't know what a store of value basically means. It essentially means that whatever is used as such keeps its value when everything around crashes to dust and burns in flames. Now think how well Bitcoin cuts it as a store of value. Regarding silver, I'm strongly inclined to think that it is not any longer viable as a precious metal (at least, not more than, say, palladium)
Sorry but I don't think it's controversial that bitcoin is not a good store of value. The price of bitcoin is no where near being stable enough for me to hold money as a store of value. For an investment? Of course! Bitcoin is on the up and up, a great investment if you ask me! However unlike an investment, a store of value is any form of wealth that maintains its value without depreciating, especially in the event of your 'burning in flames' example. Did gold and silver drop in price during the 2008 crash? Sure. Would bitcoin have had it been in existence? Most likely. Therefor, I don't think either one is necessarily "better" at "storing value" than the other, they both have their strengths and weaknesses, but my whole point is diversification. The main purpose of diversification isn't to make as much money as possible, or else gold and silver of course would be AWFUL decisions compared to bitcoin. If you were referring to an investment - which as I read back I now think you were - I'm sorry that I misunderstood as I too would recommend bitcoin over anything else for investing some money in
No need to be sorry, I never said that Bitcoin was a good store of value, to begin with
Regarding diversification, I'm inclined to think (and Warren Buffett heavily supports my view) that the whole point of diversification is exactly the opposite what you claim, i.e. maximizing profits, not minimizing losses. More specifically, why would you ever want to keep your funds in something which you expect to fail? The best strategy would be to withdraw your money from such an asset altogether. If you expect money to fail, just don't keep your wealth in it. Why do you invest money in Bitcoin? Because you want to earn profits. Why do you you freeze your funds in gold? Because it can't collapse to the ground, and thus won't inflict heavy losses. This is obviously a strategy aimed at maximizing earnings since minimizing losses would mean pouring all your money into gold. As simple as it gets
Jump to: