I think that every mid-rich family has gold in their house and bitcoin is not much popular most of cases.
What I prefer more is the digitalized things and in this case bitcoin as is easier to maintain because i hate to hold physically like gold.
Maybe gold is safer to hold but I consider bitcoin because It can be stored online or offline on hardware wallets.
Topic: Bitcoin or gold? - page 286. (Read 984470 times)
Maybe this sounds corny, but I choose gold, this material has a real value, before the opening of of new mines on Mars, of course.
There is a huge amount of risk associated with Bitcoins. Remember what happened to the floppy disks? They were replaced with USB sticks, DVDs and portable hard-drives. It can happen with Bitcoins as well. But gold is immune from all these. It is in use for the last 5,000 years or so. And it seems that gold will remain in use for another 5,000 years as well.
If I would want to make a long term investment, I would pick gold.
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
I can't say that with the same certainty about bitcoin.
For short term investments, I would pick bitcoin. I see room to grow in the short and middle term future. But what happens on the long run, I can't tell.
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
I can't say that with the same certainty about bitcoin.
For short term investments, I would pick bitcoin. I see room to grow in the short and middle term future. But what happens on the long run, I can't tell.
Sure gold is used to store the value, to avoid fiat colapses from no where, while bitcoin atleast for me does have a huge potencial ahead, and we will be at bitcoin till 2039 atleast, where the 90% of the bitcoins will be mined.
I think even if 90% of bitcoin was mined, bitcoin will still remain relevant if we continue to use it. If people still trust Bitcoin, its value will not decrease or be forgotten. It will depend, however, to how well it will still be recognized and used by its users.
Even if 2039 will produce 90% of Bitcoin, it will not be a reason for him to reduce the cost. After growing popularity of Bitcoin. And demand does Bitcoin expensive
Just always remember as long as there are consumers, buyers and sellers of bitcoin. It will remain, the value may not be constant or unstable as it is its characteristic but the most important thing that it is being used by many people and because of that usage and demand of bitcoin that will make its worth even higher.
The main thing is that the government is loyal to cryptocurrency. After all, it can affect demand. If the government announce Bitcoin illegal - demand sharply upalet
If I would want to make a long term investment, I would pick gold.
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
I can't say that with the same certainty about bitcoin.
For short term investments, I would pick bitcoin. I see room to grow in the short and middle term future. But what happens on the long run, I can't tell.
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
I can't say that with the same certainty about bitcoin.
For short term investments, I would pick bitcoin. I see room to grow in the short and middle term future. But what happens on the long run, I can't tell.
Sure gold is used to store the value, to avoid fiat colapses from no where, while bitcoin atleast for me does have a huge potencial ahead, and we will be at bitcoin till 2039 atleast, where the 90% of the bitcoins will be mined.
I think even if 90% of bitcoin was mined, bitcoin will still remain relevant if we continue to use it. If people still trust Bitcoin, its value will not decrease or be forgotten. It will depend, however, to how well it will still be recognized and used by its users.
Even if 2039 will produce 90% of Bitcoin, it will not be a reason for him to reduce the cost. After growing popularity of Bitcoin. And demand does Bitcoin expensive
Just always remember as long as there are consumers, buyers and sellers of bitcoin. It will remain, the value may not be constant or unstable as it is its characteristic but the most important thing that it is being used by many people and because of that usage and demand of bitcoin that will make its worth even higher.
Yes, that's right.
Bitcoin will always have a use as there will be always a crime in the world
.The only thing that can prevent it from living forever is a lose in trust or a failure in the system which is less likely too happen.
Your argument of more gold being mined every year can be easily challenged by the population growth and overall growth in wealth of that population. Indeed, not all people are born into wealth, but, on the other hand, not all people are interested in gold either.
Gold will be less and less the favorite option (as investment and store of value) for people as the world becomes more digital with the year. Especially when you consider that governments are actually the ones that keep the price of Gold at a certain ratio. Of course, this can also be seen as a good thing since governments will do everything to protect the value of Gold to a certain extend. People may see that as an extra motivation when holding Gold for the long term.
You should also keep in mind that Chinese and Indian governments as well as Russian Central bank, though to a smaller degree, have all been buying gold on a pretty regular basis last years.
It's nothing more than a hedge against their own weak currencies. At least that's how I look at it. Not sure what your thought is on that matter.
Also, don't forget that the amount of paper gold (gold futures and options as well as other gold derivatives) by far exceeds the amount of physical gold available on the market...
You said that right, on the market. None of us knows how much Gold governments and wealthy individuals have stashed up somewhere (off market and thus not publicly known). Mainly this is something that concerns me when it comes to Gold. Bitcoin is open, and you know exactly how many coins have been minted, and how many there still can be minted. You can for sure say that there won't be (not talking about the coins already in circulation) a secret stash brought to the market with all its negative aspects for the supply and demand levels.
If I would want to make a long term investment, I would pick gold.
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
I can't say that with the same certainty about bitcoin.
For short term investments, I would pick bitcoin. I see room to grow in the short and middle term future. But what happens on the long run, I can't tell.
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
I can't say that with the same certainty about bitcoin.
For short term investments, I would pick bitcoin. I see room to grow in the short and middle term future. But what happens on the long run, I can't tell.
Sure gold is used to store the value, to avoid fiat colapses from no where, while bitcoin atleast for me does have a huge potencial ahead, and we will be at bitcoin till 2039 atleast, where the 90% of the bitcoins will be mined.
I think even if 90% of bitcoin was mined, bitcoin will still remain relevant if we continue to use it. If people still trust Bitcoin, its value will not decrease or be forgotten. It will depend, however, to how well it will still be recognized and used by its users.
Even if 2039 will produce 90% of Bitcoin, it will not be a reason for him to reduce the cost. After growing popularity of Bitcoin. And demand does Bitcoin expensive
If I would want to make a long term investment, I would pick gold.
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
I can't say that with the same certainty about bitcoin.
For short term investments, I would pick bitcoin. I see room to grow in the short and middle term future. But what happens on the long run, I can't tell.
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
I can't say that with the same certainty about bitcoin.
For short term investments, I would pick bitcoin. I see room to grow in the short and middle term future. But what happens on the long run, I can't tell.
Sure gold is used to store the value, to avoid fiat colapses from no where, while bitcoin atleast for me does have a huge potencial ahead, and we will be at bitcoin till 2039 atleast, where the 90% of the bitcoins will be mined.
I think even if 90% of bitcoin was mined, bitcoin will still remain relevant if we continue to use it. If people still trust Bitcoin, its value will not decrease or be forgotten. It will depend, however, to how well it will still be recognized and used by its users.
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.
We have to put good proportion, but we have to be wise, butcoin is good for investment but it also risky to being hacked. It is fine to hold 10 - 20 bitcoin, but the most of the wealth is in gold. That is my oppinion. There is no doubt that gold is much safer in compare to bitcoins and it will definitely not disappear in future and we cannot keep same faith in bitcoins as its future is unpredictable and anything is possible in future so best choice would be to invest small part in bitcoins and rest in gold.
so far price of bitcoin has been rising and it makes bitcoin much safer and profitable than gold.
also about security of these thngs on their own, bitcoin is 100000 times safer than gold because you can store bitcoin on a piece of paper and hide it but you can not hide a ton of gold in your desk drawer !
Bitcoin is much better, because we are doing work with bitcoin and know about it very well, but if we think different about those peoples who work with gold, than they think gold is much better than bitcoin. But i think bitcoin is easy way than gold, better or not better i don't know.
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.
We have to put good proportion, but we have to be wise, butcoin is good for investment but it also risky to being hacked. It is fine to hold 10 - 20 bitcoin, but the most of the wealth is in gold. That is my oppinion. There is no doubt that gold is much safer in compare to bitcoins and it will definitely not disappear in future and we cannot keep same faith in bitcoins as its future is unpredictable and anything is possible in future so best choice would be to invest small part in bitcoins and rest in gold.
so far price of bitcoin has been rising and it makes bitcoin much safer and profitable than gold.
also about security of these thngs on their own, bitcoin is 100000 times safer than gold because you can store bitcoin on a piece of paper and hide it but you can not hide a ton of gold in your desk drawer !
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.
We have to put good proportion, but we have to be wise, butcoin is good for investment but it also risky to being hacked. It is fine to hold 10 - 20 bitcoin, but the most of the wealth is in gold. That is my oppinion. There is no doubt that gold is much safer in compare to bitcoins and it will definitely not disappear in future and we cannot keep same faith in bitcoins as its future is unpredictable and anything is possible in future so best choice would be to invest small part in bitcoins and rest in gold.
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.
We have to put good proportion, but we have to be wise, butcoin is good for investment but it also risky to being hacked. It is fine to hold 10 - 20 bitcoin, but the most of the wealth is in gold. That is my oppinion. 
Maybe this sounds corny, but I choose gold, this material has a real value, before the opening of of new mines on Mars, of course.
You choosing Gold is your choice of course, but Bitcoin has no real value? Because that's something you indirectly say with such a statement. Can you at least tell us what you think gives Gold "real" value. And why you think Bitcoin is the least favorite option from your point of view?
Both are good as an long term investment but advantage with bitcoins is that you can also make some good profits in quick time as price is too volatile which can give you unexpected profits in short term which is not possible with gold as price of gold is very stable and to make good profits from it you need to wait for a very long time.
I wouldn't call gold a good investment at the moment. Confidence about to be lit back into the economy
Maybe this sounds corny, but I choose gold, this material has a real value, before the opening of of new mines on Mars, of course.
You choosing Gold is your choice of course, but Bitcoin has no real value? Because that's something you indirectly say with such a statement. Can you at least tell us what you think gives Gold "real" value. And why you think Bitcoin is the least favorite option from your point of view?
Bitcoin is better, as buying reasonable amounts of it almost guarantees a profit, especially if you hold it till halving. Gold is pretty much very very stable, so the income won't grow as much like bitcoin. So, I would see bitcoin is better, and its also easy to buy from the comfort of your home.
many people who say that investing in bitcoin is more profitable and you have the opportunity to profit more quickly than you use gold as an investment
Maybe this sounds corny, but I choose gold, this material has a real value, before the opening of of new mines on Mars, of course.
I prefer the bitcoin because it has in my eyes more potential on the long run these days, its growing and has a rich future.
It can be the currency of the future, who knows right ?
It can be the currency of the future, who knows right ?
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
It has proven to hold a certain amount of value, and not its main value, as even Gold is undergoing volatile periods from time to time. And don't forget that there is constantly coming more and more Gold "above ground" as it is either through mining, or governments and/or wealthy holders bringing a certain amount of their hidden (not officially known) stash into the public
Your argument of more gold being mined every year can be easily challenged by the population growth and overall growth in wealth of that population. Indeed, not all people are born into wealth, but, on the other hand, not all people are interested in gold either. You should also keep in mind that Chinese and Indian governments as well as Russian Central bank, though to a smaller degree, have all been buying gold on a pretty regular basis last years. Also, don't forget that the amount of paper gold (gold futures and options as well as other gold derivatives) by far exceeds the amount of physical gold available on the market...
And many gold bugs seriously believe that paper gold doesn't allow the price of gold to rise dramatically, though this is debatable
It's true that gold is more stable and has already proven itself that's why everyone acknowledge it.
But in this case, I guess I will believe in bitcoin and its potential, thats why if I have to choose an investment, I will choose bitcoin. Bitcoin has also proven itself in these past years with its price volatility that makes it a good investment.
But in this case, I guess I will believe in bitcoin and its potential, thats why if I have to choose an investment, I will choose bitcoin. Bitcoin has also proven itself in these past years with its price volatility that makes it a good investment.
It has proven to keep its value for thousands of years. And from that experience I predict that it won't be worthless in ten years.
It has proven to hold a certain amount of value, and not its main value, as even Gold is undergoing volatile periods from time to time. And don't forget that there is constantly coming more and more Gold "above ground" as it is either through mining, or governments and/or wealthy holders bringing a certain amount of their hidden (not officially known) stash into the public.
I can't say that with the same certainty about bitcoin.
That's your opinion of course, but I personally find Bitcoin to be a very decent store of value/wealth. Forget about all the massive peaks and dumps, for now. I am holding my coins since very early 2013 where Bitcoin was worth about $25 per coin. I am still holding some of these coins in my cold wallets where they haven't been touched for more than 3 years. Look where the price stands now.
It's of course no guarantee that the price will continue to go up, but it shows that Bitcoin is, or perhaps was, a very decent long term investment.For short term investments, I would pick bitcoin. I see room to grow in the short and middle term future. But what happens on the long run, I can't tell.
Bitcoin lends itself perfectly for short term investments. However, I would like to ask what you consider to be short and middle term?
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