Nowadays bitcoin is far better than gold for a small investment to watch it getting larger.
however the conversation has already gone over
Thousands and thousands.
And the winner is Bitcoin for now.
though gold is not so far at all..
Topic: Bitcoin or gold? - page 258. (Read 984470 times)
The problem with the trust for Bitcoin is that the price can't be predicted accurately, comparing to traditional investment tools. But this is why this is an interesting way to grow your capital, though.
Bitcoin has definitely a good future ahead of itself, but that doesn't mean you'll become a multi millionaire. For that to happen you'll need at least 100 BTC if you calculate that the price at some point will reach the $10,000 level. Keep in mind that the majority of the people holding Bitcoin hold an amount lower than 1 BTC. How do you expect people to become millionaires with such a low amount?
Nothing can be termed as impossible. Even those holding 1 BTC will become millionaires, if the exchange rate increases to $1 million. I know that it sounds ridiculous now, but anything can happen in the future. In 2012, no one thought that the exchange rates will go up by 100X in 2013.
Bitcoin has definitely a good future ahead of itself, but that doesn't mean you'll become a multi millionaire. For that to happen you'll need at least 100 BTC if you calculate that the price at some point will reach the $10,000 level. Keep in mind that the majority of the people holding Bitcoin hold an amount lower than 1 BTC. How do you expect people to become millionaires with such a low amount?
Nothing can be termed as impossible. Even those holding 1 BTC will become millionaires, if the exchange rate increases to $1 million. I know that it sounds ridiculous now, but anything can happen in the future. In 2012, no one thought that the exchange rates will go up by 100X in 2013.
Bitcoin has definitely a good future ahead of itself, but that doesn't mean you'll become a multi millionaire. For that to happen you'll need at least 100 BTC if you calculate that the price at some point will reach the $10,000 level. Keep in mind that the majority of the people holding Bitcoin hold an amount lower than 1 BTC. How do you expect people to become millionaires with such a low amount?
Nothing can be termed as impossible. Even those holding 1 BTC will become millionaires, if the exchange rate increases to $1 million. I know that it sounds ridiculous now, but anything can happen in the future. In 2012, no one thought that the exchange rates will go up by 100X in 2013.
When you have these 2 options bitcoin or gold, i would prefer always bitcoin.
You know why, because in 10 years you will be maybe a multi millionair and with gold you will maybe only double your investment.
No risk no fun.
You know why, because in 10 years you will be maybe a multi millionair and with gold you will maybe only double your investment.
No risk no fun.
Bitcoin has definitely a good future ahead of itself, but that doesn't mean you'll become a multi millionaire. For that to happen you'll need at least 100 BTC if you calculate that the price at some point will reach the $10,000 level. Keep in mind that the majority of the people holding Bitcoin hold an amount lower than 1 BTC. How do you expect people to become millionaires with such a low amount?
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
Only to diversificate must tell both but for sure I love bitcoin. So, much more in bitcoin than in gold even I will have both in my portfolio.
Gold is the investment of the past days while bitcoin is the investment of the tomorrow's days.
When you have these 2 options bitcoin or gold, i would prefer always bitcoin.
You know why, because in 10 years you will be maybe a multi millionair and with gold you will maybe only double your investment.
No risk no fun.
You know why, because in 10 years you will be maybe a multi millionair and with gold you will maybe only double your investment.
No risk no fun.
I also would choose for the bitcoin because of the fact its a good investment and that it has a great future, it can maybe reach the amount of 10k soon or later.
When you have these 2 options bitcoin or gold, i would prefer always bitcoin.
You know why, because in 10 years you will be maybe a multi millionair and with gold you will maybe only double your investment.
No risk no fun.
You know why, because in 10 years you will be maybe a multi millionair and with gold you will maybe only double your investment.
No risk no fun.
...
Again, both. See below from today!
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An interesting article on why BTC will not go to zero, because it's convenient to use, like the US$:
http://www.zerohedge.com/news/2017-01-09/why-dont-dollar-and-bitcoin-drop-their-tangible-value-zero
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TAFKAP (Prince) had 67 ten oz bars of gold now in his estate:
http://www.zerohedge.com/news/2017-01-09/prince-hoarded-cash-owned-67-10-ounce-gold-bars-when-he-died-avoided-stocks-and-bond
Again, both. See below from today!
* * *
An interesting article on why BTC will not go to zero, because it's convenient to use, like the US$:
http://www.zerohedge.com/news/2017-01-09/why-dont-dollar-and-bitcoin-drop-their-tangible-value-zero
* * *
TAFKAP (Prince) had 67 ten oz bars of gold now in his estate:
http://www.zerohedge.com/news/2017-01-09/prince-hoarded-cash-owned-67-10-ounce-gold-bars-when-he-died-avoided-stocks-and-bond
I have a law the older is better, so of course i choose gold. Gold has been kept as currency since the beginning of man so we will always choose gold. But the bitcoin suffers fluctuations of buying and selling, bitcoin has no stability or 100% guaranted price, but i hope bitcoin reach 1500$ or more If that happens to those who work with it we will won great profits.
Your law its outdated, and bitcoin fluctuations is one of the most important things at bitcoin, that bringed huge investement into bitcoin as well big players, called whales, they are making easy money, that they cant make into a year with gold fluctuations. Besides those bitcoin has huge potencial to grow over time, something that gold looks isnt going no where, its limited. When you say we you speak by yourself, the new generation that its present at crypto currencie has different opinions about those.
I have a law the older is better, so of course i choose gold. Gold has been kept as currency since the beginning of man so we will always choose gold. But the bitcoin suffers fluctuations of buying and selling, bitcoin has no stability or 100% guaranted price, but i hope bitcoin reach 1500$ or more If that happens to those who work with it we will won great profits.
Gold is at from stable. There is plenty of volatility in gold prices. Compared to Bitcoin it may look more stable, but any gold chart of sufficient length will give you enough data to see that gold suffers from volatility in the short run.
At least when compared to Bitcoin, gold is far more stable. One of the reasons is that the market cap of gold is between $5 and $6 trillion, while that of Bitcoin is less than $15 billion. So for a 1% change in the gold price, there must be at least $50 billion worth of market cap change.
You obviously omit a few important things
First, the market cap of both gold and Bitcoin reflects the total amount of these assets, produced or mined, respectively, while the price is determined by the amount traded. We don't know how many bitcoins are traded, while with gold it is only a small part of all gold out there. The rest is either stashed away for centuries, or used in jewelry and electronics as well as other industries. Further, there is a multi-trillion market of gold derivatives (so-called paper gold), which heavily distorts the price determination mechanism. In this manner, the comparison of market caps makes no particular sense
If the Bitcoin exchange rates increase in the future, then it will also become more similar to gold. Most of it will be hoarded, and only a small amount will be actively traded. Also, Bitcoin derivatives will appear in the market, once the popularity reaches a certain threshold.
I'd rather say that it will be more dissimilar to gold than it is now in that case
Gold price is stable even if only a small part of it is actually traded. Maybe, it is due to wide derivatives markets which stabilize the price of gold at certain level (gold bugs here would most certainly claim that paper gold in fact holds back the price of gold). But with Bitcoin, the emergence of Bitcoin derivatives (and they seem to have already emerged) would only spur the volatility and not constrain it, as we have all seen recently, as well as entail even more severe price manipulation
I'd rather save in Gold its more reliable anything can happen with this crypto-curriences.
for the security of gold would be much more secure in the appeal cryptocurrency. especially bitcoinbecause you know the fluctuations can make bankrupt but for fast profits. you can find it in bitcoin
Bitcoin has always yielded more profit than gold to its investors. But for secured investment, gold is always a better choice as it has its reputation for more than centuries and bitcoin has just crossed its primary stage of seven years.
Yes, but for the long term, for those of us who want to take profit in the short run bitcoin is better than gold. Gold investment moves slowly even looks dead, might be just perfect for us if you have a lot of money, so the advantage is not important. For me, the current priorities for investment is bitcoin and some altcoin, because I'm looking for short term gains. 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 keep my concept that Bitcoin will be more valuable than gold for long term so I will choose bitcoin to convert my wealth and keep it for 10 years . As you know we are living in the digital world and almost people are using the smart devices, we are usually using some payment tools online so Bitcoin will be a the best payment method in the future.
Gold is at from stable. There is plenty of volatility in gold prices. Compared to Bitcoin it may look more stable, but any gold chart of sufficient length will give you enough data to see that gold suffers from volatility in the short run.
At least when compared to Bitcoin, gold is far more stable. One of the reasons is that the market cap of gold is between $5 and $6 trillion, while that of Bitcoin is less than $15 billion. So for a 1% change in the gold price, there must be at least $50 billion worth of market cap change.
You obviously omit a few important things
First, the market cap of both gold and Bitcoin reflects the total amount of these assets, produced or mined, respectively, while the price is determined by the amount traded. We don't know how many bitcoins are traded, while with gold it is only a small part of all gold out there. The rest is either stashed away for centuries, or used in jewelry and electronics as well as other industries. Further, there is a multi-trillion market of gold derivatives (so-called paper gold), which heavily distorts the price determination mechanism. In this manner, the comparison of market caps makes no particular sense
If the Bitcoin exchange rates increase in the future, then it will also become more similar to gold. Most of it will be hoarded, and only a small amount will be actively traded. Also, Bitcoin derivatives will appear in the market, once the popularity reaches a certain threshold.
Silver is better then gold IMHO 
Bitcoin have 1 BIG advantage over gold (if we talk about real gold, not some paper saying you got gold "somewhere").
Try and buy 1 ounce of gold at certificate seller, and come in 1 minute to sold that same 1oz. Spread is GIANT, atleast in my country. With bitcoin spread is much smaller. Gold needs to grow much bigger in order to make you decent profit. There are ways of selling it at higher price to some random dude who saw your add, but it comes with much higher risk of getting robed
Bitcoin have 1 BIG advantage over gold (if we talk about real gold, not some paper saying you got gold "somewhere").
Try and buy 1 ounce of gold at certificate seller, and come in 1 minute to sold that same 1oz. Spread is GIANT, atleast in my country. With bitcoin spread is much smaller. Gold needs to grow much bigger in order to make you decent profit. There are ways of selling it at higher price to some random dude who saw your add, but it comes with much higher risk of getting robed
Bitcoin has always yielded more profit than gold to its investors. But for secured investment, gold is always a better choice as it has its reputation for more than centuries and bitcoin has just crossed its primary stage of seven years.
My opinion, if you want long-term investment, you should choose gold. If you want to explore and make more money, choose Bitcoin
Exactly, if someone wants a straight and less-profitable investment then they should probably go with gold as that is more stable for long term, and if someone wants some adventures and has the courage to bear the ups and downs of bitcoin and wants more profits in less time then they should surely go with bitcoin.
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