Topic: Bitcoin or gold? - page 292. (Read 984470 times)
if given the choice Bitcoin or gold? I probably would choose gold because gold may be more resilient in the future and I can not ignore it.
BTC is my choise because I like to take risk and invest on something new, but on the other hand gold is very trusted and time tested, and investing in gold is reliable.
Gold, because it is stable, reliable and we know for a fact that it will be there after 10 years.
BitCoin is very unreliable, both with its value and existence, especially if the time period is as long as 10 years. But for a shorter period of span, if you go with BTC, you can earn bigger profit if you're lucky. Its sort of a gamble, but with gold, its steady and you're not bound to lose much at all.
It's really stable but where you get gold? are you buying it like bitcoins ? Then after you buy it you are going to resell it and then bitcoin is reliable too and the price still increase the fact you can really earn money from bitcoin by just doing something and you can really earn bitcoin from signature campaign and 1 thing bitcoin is not that hard to sell or to convert into fiat.BitCoin is very unreliable, both with its value and existence, especially if the time period is as long as 10 years. But for a shorter period of span, if you go with BTC, you can earn bigger profit if you're lucky. Its sort of a gamble, but with gold, its steady and you're not bound to lose much at all.
I think bitcoin is a good investment, but it is not yet stable enough to be the primary way to store value, that's why I would prefer to have both assets.
I would definitely keep Bitcoin because i think gold price will not raise high as Bitcoin in the next ten years. Bitcoin is in its early stage and in the first seven years of its life itself, it has shown tremendous progress.In the upcoming years, Bitcoin price will go much high.
Gold price right now really huge http://goldprice.org/ as a can see here but it's really hard to us to sell it and get it we need to have gold first before make some really income while in bitcoin we need just it and we earing it from signature campaign and we can really trade it.
The gold price is suppressed by the big banks such as the JP Morgan. If not, the price will be many thousands.
That is right. The gold price could be higher than the current level without suppression. That is similar to the bitcoin.
This is highly debatable, and it heavily borders on conspiracy theories and things like that. I could just as well claim that the introduction of paper gold had substantially greater effect on the price of gold than any alleged price suppression by the big banks. And I guess my reasoning would have a lot more footing to stand on than most conspiracy theories about gold circulating in the Internet could ever have...
For both gold price suppression and expansion
Gold price right now really huge http://goldprice.org/ as a can see here but it's really hard to us to sell it and get it we need to have gold first before make some really income while in bitcoin we need just it and we earing it from signature campaign and we can really trade it.
The gold price is suppressed by the big banks such as the JP Morgan. If not, the price will be many thousands.
That is right. The gold price could be higher than the current level without suppression. That is similar to the bitcoin.
Gold price right now really huge http://goldprice.org/ as a can see here but it's really hard to us to sell it and get it we need to have gold first before make some really income while in bitcoin we need just it and we earing it from signature campaign and we can really trade it.
The gold price is suppressed by the big banks such as the JP Morgan. If not, the price will be many thousands.
That is right. The gold price could be higher than the current level without suppression. That is similar to the bitcoin.
Gold price right now really huge http://goldprice.org/ as a can see here but it's really hard to us to sell it and get it we need to have gold first before make some really income while in bitcoin we need just it and we earing it from signature campaign and we can really trade it.
The gold price is suppressed by the big banks such as the JP Morgan. If not, the price will be many thousands.
Gold price right now really huge http://goldprice.org/ as a can see here but it's really hard to us to sell it and get it we need to have gold first before make some really income while in bitcoin we need just it and we earing it from signature campaign and we can really trade it.
Gold is physical and bitcoin is digital.
I think the fact that Gold is something physical that people can hold in their hands, is a very important aspect as to why they don't see any value in Bitcoin. I quite often hear people around me saying that if they can't hold it in their hand, it's not real money, and doesn't have value. It's ignorance from the highest levels
Lead is also something that you can hold in your hands, and like gold, it is heavy too. But I never heard that people cared about lead as much as they care about gold. Apparently, it is not only about being physical, but also about a number of other properties that gold has while lead does not. I guess, in this respect physical refers more to purely psychological element that reflects actual possession of something...
Namely, that the object you have cannot be taken from you once it gets into your hands
BitCoin only resembles gold in that it has a constrained supply, which resembles precious metals in the increasing difficulty of mining the next ounce. The flip side of that is the fact that there is no underlying precious substance. It may not inflate like a fiat currency, but it can be subject to wild swings in value relative to reality like a stock.
Correct bitcoin is fixed and it will only rises, absolutely no infflation unlike gold and more valuable.But still both of them are equal in terms of profit.
Actually the fixed number of Bitcoins doesn't guarantee the rising. It's more like the wider adoption which is responsible for the rising in price.
Also investing in gold is not so profitable as it might seem. Take a look at the chart below and see for yourself.
https://www.bullionvault.com/gold-price-chart.do
BitCoin only resembles gold in that it has a constrained supply, which resembles precious metals in the increasing difficulty of mining the next ounce. The flip side of that is the fact that there is no underlying precious substance. It may not inflate like a fiat currency, but it can be subject to wild swings in value relative to reality like a stock.
Correct bitcoin is fixed and it will only rises, absolutely no infflation unlike gold and more valuable.But still both of them are equal in terms of profit.
BitCoin only resembles gold in that it has a constrained supply, which resembles precious metals in the increasing difficulty of mining the next ounce. The flip side of that is the fact that there is no underlying precious substance. It may not inflate like a fiat currency, but it can be subject to wild swings in value relative to reality like a stock.
A combination of physical assets, fiat money, gold and bitcoin, as diversifying is often paramount to stability. But if I had to choose one of the other... I honestly don't know.
Countries like China and India are now accumulating large sums of gold, so they seem to think that's where the future lies. But at the same time, there are pretty obvious manipulations going on in the gold market which would make me wary of investing large sums.
Bitcoin offers tremendous potential for the future, but without the aid of a crystal ball, it's impossible to know how it's going to play out. So for that reason I'd say bitcoin is the riskier investment, but has the potential for a much larger return if it does pay off.
if you want to gain something in the end you need to go with bitcoin, gold will not offer you any real profit, the market isn't moving at all(variations of 10% at best), while with bitcoin if you are a good trader you can earn a lot just by shorting Countries like China and India are now accumulating large sums of gold, so they seem to think that's where the future lies. But at the same time, there are pretty obvious manipulations going on in the gold market which would make me wary of investing large sums.
Bitcoin offers tremendous potential for the future, but without the aid of a crystal ball, it's impossible to know how it's going to play out. So for that reason I'd say bitcoin is the riskier investment, but has the potential for a much larger return if it does pay off.
I think bitcoin is better than gold. Right now we're using fiat money as the main currency of paying our expenses but it will come to a time that cash will leave the scenery and get replaced by something digital. It's most probably bitcoin. Because of the Internet access all over the world, there are countries that are getting interested in migrating to bitcoins. They're looking for a currency that will never fail in the long run. Bitcoin's price also increases over time because of its design.
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I quite often hear people around me saying that if they can't hold it in their hand, it's not real money, and doesn't have value.
I wrote a thread about it already, but bills and coins are also virtual. No bill or coin worth what is printed on it, it represents a value of a virtual currency, such as USD, EUR, GBP, whatever... you can't hold 100 USD or even 1 USD, because it has no physical form, you're holding a paper representing it.
Just the same as if you print some QR codes with a private key holding bitcoins...
Gold is physical and bitcoin is digital.
I think the fact that Gold is something physical that people can hold in their hands, is a very important aspect as to why they don't see any value in Bitcoin. I quite often hear people around me saying that if they can't hold it in their hand, it's not real money, and doesn't have value. It's ignorance from the highest levels.
Gold is a Precious Metal used by mankind as a medium of exchange for millennia.
That's another aspect for people that gives them trust when buying Gold for whatever purpose. And in this case I can understand that. Gold isn't something that is going to vanish at some point. It's there, it's a currency that you basically can exchange for goods anywhere in the world, it's something governments hold thousands of billions worth of $$$ from, etc. It gives them trust and confidence. Unfortunately, that's not something they get when they look at Bitcoin. Even not in the current digitized world.
Perhaps the most obvious difference between Gold and bitcoin is this: Gold is physical and bitcoin is digital. Yet the distinctions between the two run much deeper.
Gold is a Precious Metal used by mankind as a medium of exchange for millennia. It is also useful in technology and manufacturing, and is appreciated for its beauty in the form of jewelry, art and keepsakes. Gold is widely regarded as a sound long-term investment and a hedge against market volatility.
Bitcoin, on the other hand, is a coded, crowdsourced currency that did not exist until 2009.
Gold is a Precious Metal used by mankind as a medium of exchange for millennia. It is also useful in technology and manufacturing, and is appreciated for its beauty in the form of jewelry, art and keepsakes. Gold is widely regarded as a sound long-term investment and a hedge against market volatility.
Bitcoin, on the other hand, is a coded, crowdsourced currency that did not exist until 2009.
Not everyone, but there is a huge interest into bitcoin and thats something that wont change soo soon, i dont like gold, i do have some things with gold, but i cant use it at all, people do steal and kill for those things nowadays, thats an advantage of bitcoin.
For me, I am going to be honest that I really wanted to have investment with gold. But the mere fact is that I am not able to invest with it because of big capital that I need. So I don't have choice to find some other good investment, and I found out that bitcoin has what it takes to be a good substitute for gold investments.
Yes that is the good thing about bitcoin we can buy just for portion. But I think gold has also this type of parting portion for those people who wants to buy gold, but that is going to be a gold powder only I guess, I am aiming for gold bars and that is going to be a very impossible dream to come true. So I am making my dreams come true with bitcoin.
maybe how to save them, maybe when you buy some mbtc you will not be a problem to keep it save, but it might be confused if you want to buy a few grams or kilograms gold ?
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