Bitcoin or gold? - page 280. | Bitcointalksearch.org

deisik

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Quote from: Xenophoto on November 23, 2016, 01:49:00 AM

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Quote from: goldcoinminer on November 22, 2016, 12:00:37 AM

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I don't think that gold is easier to convert because bitcoin is easier to convert into cash. You need to find some legit pawnshops or gold dealers before you are able to convert that to cash. Unlike in bitcoin you can just easily use good exchange websites to convert your bitcoins into cash,lesser transaction fees and everything.

It's never easy to convert gold while bitcoin you can convert it anytime you wanted. That's the big difference, and with that people are using bitcoin as their investment is like cash as well where if they prefer to cash, they can easily do it.

And that's why many people prefer to use bitcoin instead of gold. Because gold has more difficulty in selling and if you are just new in their market. You will having hard time to adjust but with bitcoin even though you are just new. You can simply adjust because bitcoin is flexible such as fiat money, unlike gold that is plainly investment and not currency.

Let's look at the bright side. People that are good in sales talk would be able to convert their gold into cash and even put some interest in it. It's a matter of expertise if you ask me. There are people that are naturally good at sales talk and they can use that to their advantage to buy and sell gold. And actually, it's not that hard to find a buyer of gold because people know its worth and would always love to wear luxurious stuffs

Not all people are good in persuading other people to buy something. And why would you want to do that in the first place? It looks as if you were convincing people to buy something or into something that they don't actually need or feel interested in. In fact, you don't need to look for buyers if you want to sell your bitcoins...

You just sell them, and that's pretty much all

Sanekavg13

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Now I choose Bitcoin. But about six months ago, I would have chosen gold. I have increased confidence in Bitcoin. And its price is also one of the reasons to choose cryptocurrency

Xenophoto

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Quote from: goldcoinminer on November 22, 2016, 12:00:37 AM

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I don't think that gold is easier to convert because bitcoin is easier to convert into cash. You need to find some legit pawnshops or gold dealers before you are able to convert that to cash. Unlike in bitcoin you can just easily use good exchange websites to convert your bitcoins into cash,lesser transaction fees and everything.

It's never easy to convert gold while bitcoin you can convert it anytime you wanted. That's the big difference, and with that people are using bitcoin as their investment is like cash as well where if they prefer to cash, they can easily do it.

And that's why many people prefer to use bitcoin instead of gold. Because gold has more difficulty in selling and if you are just new in their market. You will having hard time to adjust but with bitcoin even though you are just new. You can simply adjust because bitcoin is flexible such as fiat money, unlike gold that is plainly investment and not currency.

Let's look at the bright side. People that are good in sales talk would be able to convert their gold into cash and even put some interest in it. It's a matter of expertise if you ask me. There are people that are naturally good at sales talk and they can use that to their advantage to buy and sell gold. And actually, it's not that hard to find a buyer of gold because people know its worth and would always love to wear luxurious stuffs.

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Quote from: South Park on November 22, 2016, 05:29:17 PM

Quote from: mirakal on November 21, 2016, 08:40:54 AM

Quote from: Sithara007 on November 21, 2016, 07:23:32 AM

Quote from: Tukang Becak on November 21, 2016, 04:12:31 AM

I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

That is wrong. Check this:

https://www.nationallibertyalliance.org/sites/default/files/gold%20prices.pdf

Check the increase from 2005 to 2010. It is much more than 5%.... probably somewhere around 15% per annum.

Still not impressive for small investors, we small investor want at least 5% per month if possible and the good thing about bitcoin is this year was great, we have increase the price of bitcoin for more than a 100%, now you can compared the growth of two this year alone.

When growing your money there are two things you need to watch for, your capital and the rate of return, if 5% per year is too low for some then the answer is not always to try to look for higher rates of return, sometimes the answer needs to be I need to invest more capital.

I want to grow my money like a 100% per month but it's not happening in investing so I prefer to gamble. What I am trying to say is that, you will be satisfied with 5% rate growth if you have a bigger investment.

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Quote from: mirakal on November 21, 2016, 08:40:54 AM

Quote from: Sithara007 on November 21, 2016, 07:23:32 AM

Quote from: Tukang Becak on November 21, 2016, 04:12:31 AM

I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

That is wrong. Check this:

https://www.nationallibertyalliance.org/sites/default/files/gold%20prices.pdf

Check the increase from 2005 to 2010. It is much more than 5%.... probably somewhere around 15% per annum.

Still not impressive for small investors, we small investor want at least 5% per month if possible and the good thing about bitcoin is this year was great, we have increase the price of bitcoin for more than a 100%, now you can compared the growth of two this year alone.

When growing your money there are two things you need to watch for, your capital and the rate of return, if 5% per year is too low for some then the answer is not always to try to look for higher rates of return, sometimes the answer needs to be I need to invest more capital.

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Quote from: klf on November 22, 2016, 01:48:21 AM

Quote from: Tukang Becak on November 21, 2016, 04:12:31 AM

I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

If you were invested in bitcoin in 2014 Nov, then you will not say Bitcoins are better than gold. Because that time price was around 1000+ and until now, bitcoin prices never reach to that high. That means in last two years those people never made any profits from bitcoins yet. So it is always good to invest in few different assets than one. I choose both bitcoins and as well as gold.

That's cherry-picking at its best (or worst, for that matter)

If you invested in gold circa 1980, you would have to say that gold is not a good investment altogether. Since during these long years (which are roughly equal to a half of human lifetime, not your two short years) gold has been heavily beaten by the dollar inflation. It means exactly what you said, namely, that people "never made any [real] profits from gold yet". And this is an asset which is considered as one of the safest out there, known and valued for many millenia

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Quote from: klf on November 22, 2016, 01:48:21 AM

Quote from: Tukang Becak on November 21, 2016, 04:12:31 AM

I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

If you were invested in bitcoin in 2014 Nov, then you will not say Bitcoins are better than gold. Because that time price was around 1000+ and until now, bitcoin prices never reach to that high. That means in last two years those people never made any profits from bitcoins yet. So it is always good to invest in few different assets than one. I choose both bitcoins and as well as gold.

You should push back the date by one year to 2013 Nov. That was very bad time for investment due to a big bubble.

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Quote from: Tukang Becak on November 21, 2016, 04:12:31 AM

I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

If you were invested in bitcoin in 2014 Nov, then you will not say Bitcoins are better than gold. Because that time price was around 1000+ and until now, bitcoin prices never reach to that high. That means in last two years those people never made any profits from bitcoins yet. So it is always good to invest in few different assets than one. I choose both bitcoins and as well as gold.

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Quote from: deisik on November 21, 2016, 01:30:55 PM

Quote from: groll on November 21, 2016, 01:09:09 PM

Quote from: traderethereum on November 21, 2016, 04:24:30 AM

Quote from: Bitcoin0916 on November 21, 2016, 04:21:08 AM

Quote from: mitkala on November 21, 2016, 03:24:11 AM

Quote from: Techie5879 on November 20, 2016, 04:39:09 AM

Quote from: hawkins on November 18, 2016, 12:33:29 PM

now gold is quite promising, moreover, it is accepted throughout society and is particularly suitable for long-term investment. but this time choose bitcoin I guess is a good thing, because it looks like bitcoin prices are rising, so it is nice if the investment in the current bitcoin

Yes, bitcoin is rising faster than gold, so its wise to invest in bitcoins, if you are faced with a choice. I personally also prefer bitcoins. The bitcoin is rising pretty steadily, who knows, what the future holds for bitcoin users?

The bitcoin is a currency, you can use that to buy things directly and easily. The gold is mainly an investment.

We never know what happens in the future, wiser if we divide our investment, although it is currently very favourable, but we should still be on alert if bitcoin prices will plummeting. Gold investing is also very nice because everyone likes gold and can be sold quickly or even we can pledge. Let us wise to choose investment.

for people which don't have much of money, then bitcoin is a good option to invest and they can use it for trading, saving in their wallet. but for people that have much of money, then they can use bitcoin and gold for investment so they can make double profit from two type of product and i am sure that they can make big profits.

Bitcoins might be a good kind of investment but i still go for gold. At least gold has an important value to every one. Gold is more valuable than bitcoins, its value will never fade, unlike bitcoins that anytime can crash. Gold is easier to convert into cash and even a small amount of gold can be easily convert into cash. Gold is more known by people.

I'm curious what makes you think so?

Even if have a gold dealer living behind the corner (whenever I write gold dealer I always start thinking about drug dealers, lol), you would be able to sell your gold only on working days at working hours. There may indeed be pawnshops behind the next corner open 24/7, but I don't really think their price will ever make you happy. And note that you can convert to cash even smaller denominations of Bitcoin, as small as hundredths and thousandth of one Bitcoin

I don't think that gold is easier to convert because bitcoin is easier to convert into cash. You need to find some legit pawnshops or gold dealers before you are able to convert that to cash. Unlike in bitcoin you can just easily use good exchange websites to convert your bitcoins into cash,lesser transaction fees and everything.

It's never easy to convert gold while bitcoin you can convert it anytime you wanted. That's the big difference, and with that people are using bitcoin as their investment is like cash as well where if they prefer to cash, they can easily do it.

deisik

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Quote from: groll on November 21, 2016, 01:09:09 PM

Quote from: traderethereum on November 21, 2016, 04:24:30 AM

Quote from: Bitcoin0916 on November 21, 2016, 04:21:08 AM

Quote from: mitkala on November 21, 2016, 03:24:11 AM

Quote from: Techie5879 on November 20, 2016, 04:39:09 AM

Quote from: hawkins on November 18, 2016, 12:33:29 PM

now gold is quite promising, moreover, it is accepted throughout society and is particularly suitable for long-term investment. but this time choose bitcoin I guess is a good thing, because it looks like bitcoin prices are rising, so it is nice if the investment in the current bitcoin

Yes, bitcoin is rising faster than gold, so its wise to invest in bitcoins, if you are faced with a choice. I personally also prefer bitcoins. The bitcoin is rising pretty steadily, who knows, what the future holds for bitcoin users?

The bitcoin is a currency, you can use that to buy things directly and easily. The gold is mainly an investment.

We never know what happens in the future, wiser if we divide our investment, although it is currently very favourable, but we should still be on alert if bitcoin prices will plummeting. Gold investing is also very nice because everyone likes gold and can be sold quickly or even we can pledge. Let us wise to choose investment.

for people which don't have much of money, then bitcoin is a good option to invest and they can use it for trading, saving in their wallet. but for people that have much of money, then they can use bitcoin and gold for investment so they can make double profit from two type of product and i am sure that they can make big profits.

Bitcoins might be a good kind of investment but i still go for gold. At least gold has an important value to every one. Gold is more valuable than bitcoins, its value will never fade, unlike bitcoins that anytime can crash. Gold is easier to convert into cash and even a small amount of gold can be easily convert into cash. Gold is more known by people.

I'm curious what makes you think so?

Even if you have a gold dealer living behind the corner (whenever I write gold dealer I always start thinking about drug dealers, lol), you would be able to sell your gold only on working days at working hours. There may indeed be pawnshops behind the next corner open 24/7, but I don't really think their price will ever make you happy. And note that you can convert to cash even smaller denominations of Bitcoin, as small as hundredths and thousandth of one Bitcoin

groll

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Quote from: traderethereum on November 21, 2016, 04:24:30 AM

Quote from: Bitcoin0916 on November 21, 2016, 04:21:08 AM

Quote from: mitkala on November 21, 2016, 03:24:11 AM

Quote from: Techie5879 on November 20, 2016, 04:39:09 AM

Quote from: hawkins on November 18, 2016, 12:33:29 PM

now gold is quite promising, moreover, it is accepted throughout society and is particularly suitable for long-term investment. but this time choose bitcoin I guess is a good thing, because it looks like bitcoin prices are rising, so it is nice if the investment in the current bitcoin

Yes, bitcoin is rising faster than gold, so its wise to invest in bitcoins, if you are faced with a choice. I personally also prefer bitcoins. The bitcoin is rising pretty steadily, who knows, what the future holds for bitcoin users?

The bitcoin is a currency, you can use that to buy things directly and easily. The gold is mainly an investment.

We never know what happens in the future, wiser if we divide our investment, although it is currently very favourable, but we should still be on alert if bitcoin prices will plummeting. Gold investing is also very nice because everyone likes gold and can be sold quickly or even we can pledge. Let us wise to choose investment.

for people which don't have much of money, then bitcoin is a good option to invest and they can use it for trading, saving in their wallet. but for people that have much of money, then they can use bitcoin and gold for investment so they can make double profit from two type of product and i am sure that they can make big profits.

Bitcoins might be a good kind of investment but i still go for gold. At least gold has an important value to every one. Gold is more valuable than bitcoins, its value will never fade, unlike bitcoins that anytime can crash. Gold is easier to convert into cash and even a small amount of gold can be easily convert into cash. Gold is more known by people.

deisik

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Quote from: Mastsetad on November 21, 2016, 12:09:38 PM

Quote from: Tukang Becak on November 21, 2016, 04:12:31 AM

I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

For the investors who does not invest for really long term like more than 1 year or so, bitcoin is the best option as it grows higher and earlier than gold, but for investors who invests for longer than that period, gold is the best choice, as it mostly does not drop its price at all which bitcoin does sometimes.

This is highly debatable. Gold price is prone to disruptions of no less degree than Bitcoin price, though these disruptions don't happen every other day, of course. Whoever thinks that gold is a safe investment long term, should always remember that the profits obtained from holding gold for 35 years wouldn't even cover the inflation of the US dollar for the same number of years. That is, gold price adjusted for inflation was higher 35 years ago than it is now...

Take this simple fact for what it's worth

Mastsetad

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Quote from: Tukang Becak on November 21, 2016, 04:12:31 AM

I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

For the investors who does not invest for really long term like more than 1 year or so, bitcoin is the best option as it grows higher and earlier than gold, but for investors who invests for longer than that period, gold is the best choice, as it mostly does not drop its price at all which bitcoin does sometimes.

deisik

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Quote from: Sithara007 on November 21, 2016, 11:04:23 AM

Quote from: mirakal on November 21, 2016, 08:40:54 AM

Still not impressive for small investors, we small investor want at least 5% per month if possible and the good thing about bitcoin is this year was great, we have increase the price of bitcoin for more than a 100%, now you can compared the growth of two this year alone.

Come back to your senses. No reliable investment will give you a return of 5% per month (which corresponds to 60% per year). I would consider an investment asset as highly coveted, it gives a return of 5% per year (in USD terms).

And now back to Bitcoin. It is true that BTC has given around 200% returns so far this year. But what about 2014? What about 2015? Take the bigger picture.

If we were to look at the bigger picture we would have to assess all 8 years that have passed since Bitcoin inception. I guess its returns could be well compared to most successful start-ups out there (in fact, Bitcoin itself can be considered as a start-up of sorts). They could be summarized with just one phrase which basically tells it all. That is, from zero to hero. And I don't think that expressing Bitcoin returns in percentages would make any sense then...

Since you would most likely get an infinity as result

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Quote from: mirakal on November 21, 2016, 08:40:54 AM

Still not impressive for small investors, we small investor want at least 5% per month if possible and the good thing about bitcoin is this year was great, we have increase the price of bitcoin for more than a 100%, now you can compared the growth of two this year alone.

Come back to your senses. No reliable investment will give you a return of 5% per month (which corresponds to 60% per year). I would consider an investment asset as highly coveted, it gives a return of 5% per year (in USD terms).

And now back to Bitcoin. It is true that BTC has given around 200% returns so far this year. But what about 2014? What about 2015? Take the bigger picture.

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Quote from: Sithara007 on November 21, 2016, 07:23:32 AM

Quote from: Tukang Becak on November 21, 2016, 04:12:31 AM

I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

That is wrong. Check this:

https://www.nationallibertyalliance.org/sites/default/files/gold%20prices.pdf

Check the increase from 2005 to 2010. It is much more than 5%.... probably somewhere around 15% per annum.

Still not impressive for small investors, we small investor want at least 5% per month if possible and the good thing about bitcoin is this year was great, we have increase the price of bitcoin for more than a 100%, now you can compared the growth of two this year alone.

Sithara007

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Quote from: Tukang Becak on November 21, 2016, 04:12:31 AM

I select for bitcoin, I already prove if the investment with the gold the profitable no more than 5% per year. For currently I always set aside money to buy bitcoin.

That is wrong. Check this:

https://www.nationallibertyalliance.org/sites/default/files/gold%20prices.pdf

Check the increase from 2005 to 2010. It is much more than 5%.... probably somewhere around 15% per annum.

deisik

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Quote from: South Park on November 19, 2016, 08:11:40 PM

Quote from: deisik on November 19, 2016, 03:15:19 AM

Quote from: South Park on November 18, 2016, 07:47:47 PM

We have a similar saying in my country but it goes: the grandpa builds a business, the son maintains it, and the grandson destroys it.

But in all fairness Paris Hilton has created her own mini empire of beauty products and stuff.

Correct me if I'm mistaken on this, but the Hiltons (or whoever rules their hotel empire right now) are not fools. The self-proclaimed "closest thing to American royalty" and hotel heiress had been dumped from the family fortune when she got 45 days in jail after violating her probation for a drink-driving conviction in 2007. Barron Hilton, her grandfather and family patriarch, said soon after this event that he would donate 97 percent of his wealth to charity, which means that only around $70 million will be left to his heirs (which are numerous)...

Necessity is a mother of invention

You are correct, I’m just saying despite what we may think about her person, Paris Hilton has been able to create her own brand and makes significant money out of it, she is not even close to what her grandfather did but she is successful doing her own thing.

She is still relatively young (35-36, correct me if I'm wrong on this), so she might choose to become a new face for Bitcoin and earn even more as well as let us earn too (just kidding). I understand than many hardcore bitcoiners might despise her, her ways, demeanor and attitude. The very idea of her engaging in Bitcoin might look to them as a sheer blasphemy toward the sanctity of Bitcoin...

On the other hand, money does not stink

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Quote from: Bitcoin0916 on November 21, 2016, 04:21:08 AM

Quote from: mitkala on November 21, 2016, 03:24:11 AM

Quote from: Techie5879 on November 20, 2016, 04:39:09 AM

Quote from: hawkins on November 18, 2016, 12:33:29 PM

now gold is quite promising, moreover, it is accepted throughout society and is particularly suitable for long-term investment. but this time choose bitcoin I guess is a good thing, because it looks like bitcoin prices are rising, so it is nice if the investment in the current bitcoin

Yes, bitcoin is rising faster than gold, so its wise to invest in bitcoins, if you are faced with a choice. I personally also prefer bitcoins. The bitcoin is rising pretty steadily, who knows, what the future holds for bitcoin users?

The bitcoin is a currency, you can use that to buy things directly and easily. The gold is mainly an investment.

We never know what happens in the future, wiser if we divide our investment, although it is currently very favourable, but we should still be on alert if bitcoin prices will plummeting. Gold investing is also very nice because everyone likes gold and can be sold quickly or even we can pledge. Let us wise to choose investment.

for people which don't have much of money, then bitcoin is a good option to invest and they can use it for trading, saving in their wallet. but for people that have much of money, then they can use bitcoin and gold for investment so they can make double profit from two type of product and i am sure that they can make big profits.

Bitcoin0916

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Quote from: mitkala on November 21, 2016, 03:24:11 AM

Quote from: Techie5879 on November 20, 2016, 04:39:09 AM

Quote from: hawkins on November 18, 2016, 12:33:29 PM

now gold is quite promising, moreover, it is accepted throughout society and is particularly suitable for long-term investment. but this time choose bitcoin I guess is a good thing, because it looks like bitcoin prices are rising, so it is nice if the investment in the current bitcoin

Yes, bitcoin is rising faster than gold, so its wise to invest in bitcoins, if you are faced with a choice. I personally also prefer bitcoins. The bitcoin is rising pretty steadily, who knows, what the future holds for bitcoin users?

The bitcoin is a currency, you can use that to buy things directly and easily. The gold is mainly an investment.

We never know what happens in the future, wiser if we divide our investment, although it is currently very favourable, but we should still be on alert if bitcoin prices will plummeting. Gold investing is also very nice because everyone likes gold and can be sold quickly or even we can pledge. Let us wise to choose investment.

Topic: Bitcoin or gold? - page 280. (Read 984457 times)