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.
If you invest long term I choose gold because it will make a very good lifetime investment . If more quickly we can want to invest in because bitcoin bitcoin is up and down the price so good monetize it . So similarly that the bitcoin and gold values that have to be kept for our profit . So gold and bitcoin are the same good to invest for a long time. 
Topic: Bitcoin or gold? - page 327. (Read 984457 times)
If i had to choose the rest of my life i would say give me bitcoins because all of the gold almost is done in this world nowhere else is gold in the ground or we dont know. And coins can be converted into real cash!
Bitcoin is not a bad thing. I like to use bitcoin very much. but you should reconsider you thoughts about Gold..Gold is also can be converted in any currency. even you can convert(sell) gold with more easily and smoothly.
I really wanted to have and invest with gold but the thing is that it is more expensive than bitcoin. So, I am choosing bitcoin rather than gold.
But if there is going to be a chance that I am going to earn good amount of bitcoin then I am going to use that profit for buying gold.
And going to do investments at both sides.
Go for 50% gold and 50% bitcoin. Both of them are good medium to store your wealth and can protect you from inflation. Bitcoin however offers you an opportunity to get more returns from your investment as it's still unknown to a lot of people out there and as years go by people will eventually know about bitcoin and will want to own some.
Gold on the other can is well known and you can sell for fiat at any time. Consider this hypothetical situation were for some insane reason bitcoins loose their value due to some hack or vulnerability which is unknown up till now. Gold can be a better choice at that time. So diversify your investments and be safe than sorry.
Other members, please don't shout at me saying I don't have any knowledge about bitcoin's security. It's pretty good as of now but who can guarantee what's going come tomorrow.
Gold on the other can is well known and you can sell for fiat at any time. Consider this hypothetical situation were for some insane reason bitcoins loose their value due to some hack or vulnerability which is unknown up till now. Gold can be a better choice at that time. So diversify your investments and be safe than sorry.
Other members, please don't shout at me saying I don't have any knowledge about bitcoin's security. It's pretty good as of now but who can guarantee what's going come tomorrow.
If i had to choose the rest of my life i would say give me bitcoins because all of the gold almost is done in this world nowhere else is gold in the ground or we dont know. And coins can be converted into real cash!
Bitcoin is not a bad thing. I like to use bitcoin very much. but you should reconsider you thoughts about Gold..Gold is also can be converted in any currency. even you can convert(sell) gold with more easily and smoothly.
I believe that most of the users will choose Bitcoin, for the many of the reasons explained earlier and it is something to be expected, to be honest, especially in a community focused on cryptocurrencies.
That is really what is going to happen as bitcoin is the modern digital gold and you can just mine it even you are just sitting back and relaxing in front of your computer. But it is also expensive if you are going to do that but there are some alternatives on how you are going to acquire bitcoin, but with gold is the most expensive type of investment.
I like bitcoin more as it is unstable so i can earn faster with it
yeah the price of gold is more stable than the price of bitcoin? This of course will make your investment safer if you invest in gold? but you will need a long time to be a big profit. especially if you only have a small capital? surely you will wait a long time for a profit? different when you're using bitcoin
I believe that most of the users will choose Bitcoin, for the many of the reasons explained earlier and it is something to be expected, to be honest, especially in a community focused on cryptocurrencies.
Bitcoin, absolutely.
Gold is relatively stable and has had centuries (millennia?) to establish its relative value in the world.
Bitcoin is a disruptive technological protocol in its infancy. It is still in the process of price discovery and as additional layers of interface are added on top of the protocol, the difference will be equivalent to the difference between the internet today and the internet in the 1980's. It is impossible to predict what bitcoin will be like in 10 years, but I expect it will be exponentially more useful (and as such, exponentially more valuable) by then.
If i need ot choose for the rest of my life i would say you need to know that bitcoins are not there in the future anymore so we need gold to make our future even possible so i pick the gold for sure. Gold is relatively stable and has had centuries (millennia?) to establish its relative value in the world.
Bitcoin is a disruptive technological protocol in its infancy. It is still in the process of price discovery and as additional layers of interface are added on top of the protocol, the difference will be equivalent to the difference between the internet today and the internet in the 1980's. It is impossible to predict what bitcoin will be like in 10 years, but I expect it will be exponentially more useful (and as such, exponentially more valuable) by then.
If i had to choose the rest of my life i would say give me bitcoins because all of the gold almost is done in this world nowhere else is gold in the ground or we dont know. And coins can be converted into real cash!
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.
ill choose bitcoin because i dont know yet how gold uses and im pretty sure bitcoin will not disappear anytime soon and it will help me to earn more in investing it.
We cannot be sure about anything, so its better to play safe and invest in both of them, so even if bitcoin disappears in future we can recover some loss from gold.
There are allot of people here who would say give me gold instead of bitcoins but what theydont think about is that there are more peopel with bitcoins than with gold and the price of gold would be higher for sure.
If there is another financial crisis, I think the investors will come to the bitcoin and other coins such as Ethereum.
If fiat will go down in future then it will also affect our earning in bitcoins, as if price of fiat goes lower then we will get less amount of fiat in hands when we convert our bitcoins to fiat.
Fiat will always rule the world and will hold upper hand on bitcoin as we cannot expect that everyone will start using bitcoin, there are more people who will prefer to go with gold for making an investment.
There are allot of people here who would say give me gold instead of bitcoins but what theydont think about is that there are more peopel with bitcoins than with gold and the price of gold would be higher for sure.
If there is another financial crisis, I think the investors will come to the bitcoin and other coins such as Ethereum.
If fiat will go down in future then it will also affect our earning in bitcoins, as if price of fiat goes lower then we will get less amount of fiat in hands when we convert our bitcoins to fiat.
There are allot of people here who would say give me gold instead of bitcoins but what theydont think about is that there are more peopel with bitcoins than with gold and the price of gold would be higher for sure.
If there is another financial crisis, I think the investors will come to the bitcoin and other coins such as Ethereum.
If fiat will go down in future then it will also affect our earning in bitcoins, as if price of fiat goes lower then we will get less amount of fiat in hands when we convert our bitcoins to fiat.
There are allot of people here who would say give me gold instead of bitcoins but what theydont think about is that there are more peopel with bitcoins than with gold and the price of gold would be higher for sure.
If there is another financial crisis, I think the investors will come to the bitcoin and other coins such as Ethereum.
There are allot of people here who would say give me gold instead of bitcoins but what theydont think about is that there are more peopel with bitcoins than with gold and the price of gold would be higher for sure.
If there is another financial crisis, I think the investors will come to the bitcoin and other coins such as Ethereum.
I like bitcoin more as it is unstable so i can earn faster with it
Yes, I would also choose bitcoin aside from we can earn to it there are a lot of positive things compared to gold. Our bitcoins cannot be taken away from us unlike gold which can be steal buy thieves. Just make sure that you will not let anyone to know your bitcoin address. Another thing is aside from investing and trading you could earn more bitcoins through signature campaign. Unlike gold where you just have to wait for its price to goes up on the stock market. Other than that there is no way you could earn it.
I would go with Bitcoin but that is only because of the fact that I do not know much about gold and the value of it.
So I would go with Bitcoin all the way because that is what I am familiar with.
So I would go with Bitcoin all the way because that is what I am familiar with.
There are allot of people here who would say give me gold instead of bitcoins but what theydont think about is that there are more peopel with bitcoins than with gold and the price of gold would be higher for sure.
So you think more people hold bitcoin in the world over gold in jewellery form ?
Don't think so, not even close.
The bitcoin community is tiny when you look at it on a global scale.
In jewellery form more people have gold and they are using it as ornament, while for trade now we can say that more traders have bitcoin and for online users who do purchases and transactions in digital form are all on bitcoin, they do not use gold for purchase goods online or for digital transactions of their money.
Not in India which is a massive buyer of gold, they purchase it as an investment.
For people that think bitcoin is more popular than gold take a look at the market cap size. Bitcoin is just a small drop in the ocean compared to gold.
There are allot of people here who would say give me gold instead of bitcoins but what theydont think about is that there are more peopel with bitcoins than with gold and the price of gold would be higher for sure.
So you think more people hold bitcoin in the world over gold in jewellery form ?
Don't think so, not even close.
The bitcoin community is tiny when you look at it on a global scale.
In jewellery form more people have gold and they are using it as ornament, while for trade now we can say that more traders have bitcoin and for online users who do purchases and transactions in digital form are all on bitcoin, they do not use gold for purchase goods online or for digital transactions of their money.
Did you even read my post? I said i would chose gold over bitcoins because fire can burn bitcoins and gold can survive, and you recommend paper wallet, than i said gold can survive flood and earthquake and you recommend hardware wallet? Your reply to my post doesn't make any sense!
Its valid point. You can lose gold in an earthquake, a great chasm could just open up and take it away and you'll never find it. The same is not true of bitcoin hardware wallet because you can create duplicates of your information, gold is a singular piece of value in the world and bitcoin does just have one entry on the blockchain but your ability to protect that value is very much higher with bitcoin.
Common perception for bitcoin now is its not secure thanks to all these dodgy exchanges. This is the one website letting you down, people should only store tiny bits in one place. Same with a cold wallet, you dont want it all gone in one instance of failure. I think the protocol we see is superior to the thinking of the people that use it.
It should also be said never to rely on just one asset class, so some dollar, some land maybe, definitely some food, gold and bitcoin. Anyone thinking you can survive with only one thing in life finds out the hard way
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