Bitcoin or gold? - page 333. | Bitcointalksearch.org

deisik

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Quote from: klf on August 27, 2016, 08:30:35 PM

Quote from: airsounds on August 27, 2016, 06:32:33 PM

Quote from: BillyBobZorton on August 27, 2016, 08:25:26 AM

Its obvious that the only way to get rich is to invest in something with proper risk/reward, gold has no risk, so has no reward.

well even though it does not have any risks it cannot allow you to earn big, i like bitcoins just because of the fact that it can make me money

Both gold and Bitcoins are good investments, but bitcoin prices move in both directions very fast, but gold always goes slow and steady. If you don't want to take bigger risks then gold is best, and it always gives good return in the long run, and you should always remember to book your profits now and then otherwise you may lose your profits. I invested in both and so for both of them has given me good profits.

Okay, I got it. Seeing is believing and all that. If anyone thinks that gold volatility is not big enough, take a look at one of gold ETFs' volatility indexes shown below:

Is there anything that would allow to trade Bitcoin volatility?

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Quote from: satmas on August 27, 2016, 10:51:34 PM

If I'd had to choose between the two, I'd choose bitcoin considering that I don't have to worry about thieves breaking into my house and trying to steal my stuff(and may end up finding the gold).

Exactly, that is the best security of bitcoin because people will not know that we have an asset store online. With gold, once the community knows you are investing your life will be at risk, good thing in bitcoin we are unanimous so we could hide our real identity.

satmas

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If I'd had to choose between the two, I'd choose bitcoin considering that I don't have to worry about thieves breaking into my house and trying to steal my stuff(and may end up finding the gold).

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Quote from: klf on August 27, 2016, 08:30:35 PM

Quote from: airsounds on August 27, 2016, 06:32:33 PM

Quote from: BillyBobZorton on August 27, 2016, 08:25:26 AM

Its obvious that the only way to get rich is to invest in something with proper risk/reward, gold has no risk, so has no reward.

well even though it does not have any risks it cannot allow you to earn big, i like bitcoins just because of the fact that it can make me money

Both gold and Bitcoins are good investments, but bitcoin prices move in both directions very fast, but gold always goes slow and steady. If you don't want to take bigger risks then gold is best, and it always gives good return in the long run, and you should always remember to book your profits now and then otherwise you may lose your profits. I invested in both and so for both of them has given me good profits.

The fact is not all of use can invest on both due to lack of resources, most investors who does not have enough money chooses bitcoin as it provides them great opportunity to grow their money in a short period of time, however there is a big risk associated so I could say that these people are also gamblers.

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Bitcoin is more worthful because it increase it price faster than gold

klf

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Quote from: airsounds on August 27, 2016, 06:32:33 PM

Quote from: BillyBobZorton on August 27, 2016, 08:25:26 AM

Its obvious that the only way to get rich is to invest in something with proper risk/reward, gold has no risk, so has no reward.

well even though it does not have any risks it cannot allow you to earn big, i like bitcoins just because of the fact that it can make me money

Both gold and Bitcoins are good investments, but bitcoin prices move in both directions very fast, but gold always goes slow and steady. If you don't want to take bigger risks then gold is best, and it always gives good return in the long run, and you should always remember to book your profits now and then otherwise you may lose your profits. I invested in both and so for both of them has given me good profits.

airsounds

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Quote from: BillyBobZorton on August 27, 2016, 08:25:26 AM

Its obvious that the only way to get rich is to invest in something with proper risk/reward, gold has no risk, so has no reward.

well even though it does not have any risks it cannot allow you to earn big, i like bitcoins just because of the fact that it can make me money

airsounds

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Quote from: resilientknight on August 27, 2016, 06:43:09 AM

Bitcoin, the currency certainly is here to stay, for a long long time.
Hopefully in a few years it will establish itself in the mainstream market.

you are right, in my opinion bitcoin is going to be with us for a really long period of time and give us big profit while gold is not going to grow

Osarman

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Quote from: Sontoloyo on August 26, 2016, 06:01:20 AM

Quote from: funbarrel on August 25, 2016, 05:20:21 PM

you are right, gold is a really bad investment because bitcoin can make you way more money if you put an investment into it

I agree, about 5 years ago and until now, gold is bad investment. More than 5 years the price of gold increase only 18%. If we compare with bitcoin is very different like earth and sky.

i agree with you that gold is bad investment because the gold price is too stable and increase its price too much slow and i think bitcoin investment is very good because bitcoin price increasing too much faster day to day so bitcoin investment is much more better than gold investment.

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Quote from: techfm86 on August 27, 2016, 12:26:53 PM

I would invest in both, but most of it in bitcoin, because the current situation of the economy can bring positive changes for Bitcoin in the near future.

Accordingly, gold is the metal that is for a very good investment, even earning money on bitcoin, it is better to invest in gold. Bitcoin is not very stable, and how will things were not no one will predict the future.

techfm86

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I would invest in both, but most of it in bitcoin, because the current situation of the economy can bring positive changes for Bitcoin in the near future.

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Quote from: BillyBobZorton on August 27, 2016, 08:25:26 AM

Its obvious that the only way to get rich is to invest in something with proper risk/reward, gold has no risk, so has no reward.

LOL. looks like you know nothing about gold. gold have high rewards and gold price is also increase like bitcoin,
and having gold is risky too. BTW to profit it is not important that you should invest in risky things.
you can become rich with safe ways too.

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Quote from: Yakamoto on August 27, 2016, 11:34:11 AM

Quote from: deisik on August 27, 2016, 11:27:15 AM

Quote from: randy8777 on August 27, 2016, 10:31:05 AM

Quote from: BillyBobZorton on August 27, 2016, 08:25:26 AM

Its obvious that the only way to get rich is to invest in something with proper risk/reward, gold has no risk, so has no reward.

rewards with gold are lower than bitcoin in general, but if you look at the gold charts closely, then you'll notice that there are enough okay price swings to make money with as trader/investor. but then you'll also need to have a good amount of patience. otherwise you'll get bored pretty quickly if you are used to the bitcoin level of volatility.

In general people don't trade gold like they trade Bitcoin. They trade all kinds of gold derivatives, namely, futures, options, ETFs and whatever else that I haven't even heard about. The moral is that if you don't know the reality of something (here the reality of gold trading) better keep your mouth shut so as not to betray your ignorance in the question...

As always, no offense or personal insults were intended, and no animals were harmed in the writing of this post

Correct me if I'm correct, but having an assload of derivatives being traded are common for all kinds of assets traded by the fiat market right? Bitcoin seems to be the one anomaly within the entire economy where it's primary trading volume comes from derivatives, assuming I know enough about the Bitcoin market and exchanges (assuming you compare the value of derivatives vs the market cap).

Thinking that you trade gold in ounces or whatever on some sort of exchange is laughable though.

It seems that most people here do really think that gold is traded exactly this way. Nevertheless, there is also a spot market for gold too, where people (in fact, professional bullion dealers) buy and sell gold for more-or-less immediate settlement (within 48 hours usually). But the gold spot market is not for private investors since it deals with high volume on low margins...

Unless you are a Warren Buffett of sorts, indeed

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Quote from: deisik on August 27, 2016, 11:27:15 AM

Quote from: randy8777 on August 27, 2016, 10:31:05 AM

Quote from: BillyBobZorton on August 27, 2016, 08:25:26 AM

Its obvious that the only way to get rich is to invest in something with proper risk/reward, gold has no risk, so has no reward.

rewards with gold are lower than bitcoin in general, but if you look at the gold charts closely, then you'll notice that there are enough okay price swings to make money with as trader/investor. but then you'll also need to have a good amount of patience. otherwise you'll get bored pretty quickly if you are used to the bitcoin level of volatility.

In general people don't trade gold like they trade Bitcoin. They trade all kinds of gold derivatives, namely, futures, options, ETFs and whatever else that I haven't even heard about. The moral is that if you don't know the reality of something (here the reality of gold trading) better keep your mouth shut so as not to betray your ignorance in the question...

As always, no offense or personal insults were intended, and no animals were harmed in the writing of this post

Correct me if I'm correct, but having an assload of derivatives being traded are common for all kinds of assets traded by the fiat market right? Bitcoin seems to be the one anomaly within the entire economy where it's primary trading volume comes from derivatives, assuming I know enough about the Bitcoin market and exchanges (assuming you compare the value of derivatives vs the market cap).

Thinking that you trade gold in ounces or whatever on some sort of exchange is laughable though.

deisik

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Quote from: randy8777 on August 27, 2016, 10:31:05 AM

Quote from: BillyBobZorton on August 27, 2016, 08:25:26 AM

Its obvious that the only way to get rich is to invest in something with proper risk/reward, gold has no risk, so has no reward.

rewards with gold are lower than bitcoin in general, but if you look at the gold charts closely, then you'll notice that there are enough okay price swings to make money with as trader/investor. but then you'll also need to have a good amount of patience. otherwise you'll get bored pretty quickly if you are used to the bitcoin level of volatility.

In general people don't trade gold like they trade Bitcoin. They trade all kinds of gold derivatives, namely, futures, options, ETFs and whatever else that I haven't even heard about. The moral is that if you don't know the reality of something (here the reality of gold trading) better keep your mouth shut so as not to betray your ignorance in the question...

As always, no offense or personal insults were intended, and no animals were harmed in the writing of this post

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Quote from: Labumi on August 27, 2016, 09:36:45 AM

Quote from: gkv9 on August 27, 2016, 08:54:24 AM

Quote from: Foref1982 on August 27, 2016, 08:49:39 AM

I definitely chose gold. You wrote "all your wealth" and a big time as "10 years" so I took it as a money that I put into save. I put money to save into gold over BTC because since we don't know that what BTC's situation will be in 10 years while gold's been with us for quite a long time and always had an excellent value.

So you think Bitcoins won't be valuable or won't be there after 10 years???
Let all the coins be mined over, and then see where it will be... Wink

And it still has many more years for such situation to come up, so till then, BTC ain't gonna go anywhere dude... Tongue

About Gold, you are right that it's been there but it's a tangible thing, and BTC is an experiment that took place in the mind of Satoshi Nakamoto few years back, and it's still infant, so don't just judge bitcoins yet...

Yeah you are so right, I noticed that after the coins mined timeout (a few years) then the bitcoin digital currency is going to be a very valuable and highly considered by all who delight in trading or investment. So this will not be one of the best choices for us, if you can't think of as good about bitcoin. Stay focused and don't ever think about prejudices of someone who does not know the bitcoin clearly

I dont take your view as granted because gold moment is not that much and in coming days or years bitcoin implementing is going to be more and if i am not wrong in another 10 years if the same progress is going to be if some more country start to accept bitcoin in tax law then you cannot think what will be the price as the moment of bitcoin will start , so their is a future in bitcoin

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Quote from: BillyBobZorton on August 27, 2016, 08:25:26 AM

Its obvious that the only way to get rich is to invest in something with proper risk/reward, gold has no risk, so has no reward.

rewards with gold are lower than bitcoin in general, but if you look at the gold charts closely, then you'll notice that there are enough okay price swings to make money with as trader/investor. but then you'll also need to have a good amount of patience. otherwise you'll get bored pretty quickly if you are used to the bitcoin level of volatility.

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Quote from: gkv9 on August 27, 2016, 08:54:24 AM

Quote from: Foref1982 on August 27, 2016, 08:49:39 AM

I definitely chose gold. You wrote "all your wealth" and a big time as "10 years" so I took it as a money that I put into save. I put money to save into gold over BTC because since we don't know that what BTC's situation will be in 10 years while gold's been with us for quite a long time and always had an excellent value.

So you think Bitcoins won't be valuable or won't be there after 10 years???
Let all the coins be mined over, and then see where it will be... Wink

And it still has many more years for such situation to come up, so till then, BTC ain't gonna go anywhere dude... Tongue

About Gold, you are right that it's been there but it's a tangible thing, and BTC is an experiment that took place in the mind of Satoshi Nakamoto few years back, and it's still infant, so don't just judge bitcoins yet...

Yeah you are so right, I noticed that after the coins mined timeout (a few years) then the bitcoin digital currency is going to be a very valuable and highly considered by all who delight in trading or investment. So this will not be one of the best choices for us, if you can't think of as good about bitcoin. Stay focused and don't ever think about prejudices of someone who does not know the bitcoin clearly

gkv9

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Quote from: Foref1982 on August 27, 2016, 08:49:39 AM

I definitely chose gold. You wrote "all your wealth" and a big time as "10 years" so I took it as a money that I put into save. I put money to save into gold over BTC because since we don't know that what BTC's situation will be in 10 years while gold's been with us for quite a long time and always had an excellent value.

So you think Bitcoins won't be valuable or won't be there after 10 years???
Let all the coins be mined over, and then see where it will be... Wink

And it still has many more years for such situation to come up, so till then, BTC ain't gonna go anywhere dude... Tongue

About Gold, you are right that it's been there but it's a tangible thing, and BTC is an experiment that took place in the mind of Satoshi Nakamoto few years back, and it's still infant, so don't just judge bitcoins yet...

Foref1982

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I definitely chose gold. You wrote "all your wealth" and a big time as "10 years" so I took it as a money that I put into save. I put money to save into gold over BTC because since we don't know that what BTC's situation will be in 10 years while gold's been with us for quite a long time and always had an excellent value.

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