Bitcoin or gold? - page 334. | Bitcointalksearch.org

2double0

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Quote from: BillyBobZorton on August 27, 2016, 07:25:26 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.

Gold does have rewards, and who says it doesn't involve risk?
The only difference is, you cannot get to where you are pointing your higher goals with Gold that easy, when it is possible that you can make a living with bitcoins. That's why I prefer bitcoins over gold.

BillyBobZorton

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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.

resilientknight

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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.

utkarshm

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Quote from: JITENDERPAR3 on August 27, 2016, 04:16:15 AM

in my opinion if i want to invest my all money to buy gold or bitcoin than i will choose bitcoin instead of gold because the price of btc is increasing more sharply per year than that of gold .
in case of gold , it is illegal to buy and store bulk amount of btc according to government rule ( rule is for india as i am indian ) .

Really? Storing of bitcoin in India is illegal? Does Indian government is already implementing the use of bitcoin. If that so, then you are lucky because your country is already accepting bitcoin and having some law over the use of bitcoin. And in your case, if it is illegal to store a lot of bitcoins then it is going to be good to choose gold.

I am also an indian but i never heard about this rule that holding a lot of bitcoins is illegal in India and if we are holding alot of bitcoins in our wallet then still they is no way for out government to know how much bitcoin we are holding which is its speciality.

bitcoinmasterlord

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Quote from: Sontoloyo on August 26, 2016, 05:01:20 AM

Quote from: funbarrel on August 25, 2016, 04:20:21 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.

You should be happy that gold has given you last five years at least some profit and for long term investment purpose gold is has proven best investment. But if you had brought bitcoins in 2013 December time around 1200 range than your profit is negative for last three years. So every investment has a good and bad time so tries to diversify your investments to take care these worst situations.

JITENDERPAR3

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in my opinion if i want to invest my all money to buy gold or bitcoin than i will choose bitcoin instead of gold because the price of btc is increasing more sharply per year than that of gold .
in case of gold , it is illegal to buy and store bulk amount of btc according to government rule ( rule is for india as i am indian ) .

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Quote from: STT on August 26, 2016, 11:30:45 PM

We presume bitcoin takes over but it could be a number of alternatives. One of those choices is gold and sure gold is a longer term prospect but the digital aspect can be linked to it and it becomes transactional. This isn't theory, its history and dollar itself was tied to gold famously not that long ago and so can any transaction and currency used world wide. So maybe we see the rise of gold not bitcoin but I imagine its a bit of both as we all know bitcoin is low cost to use and if well done should compete ok with gold or other solid assured currency.

The same history inevitably reveals that whoever tries to tie some worthless "asset" (paper or digital fiat) with gold (or other valuable asset) eventually ends up heavily abusing this system by emitting by far more money than can be covered with gold. So, I wouldn't call that story of the US dollar being convertible to gold at a fixed rate after the Breton-Woods monetary system had been established in 1944 as famous. I would rather call it infamous since it didn't last even 30 years and ended miserably in 1971 with the Nixon shock officially disbanding dollar and gold...

Sorry for tidying up your post

traderbit

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Quote from: LisaLee555 on August 26, 2016, 01:48:37 AM

I am not an expert , but I decided to invest in real gold coins ( just order online from http://bullionexchanges.com/buy-gold/us-gold-coins/gold-american-eagle/ ). Nowadays it is hard to find a decent provider , but still I am sure precious metals will be always appreciated.

do you have any proof, reference and guarantee about this site you mentioned? I heard about it first time here. I will not suggest you to buy real gold from an online gold exchanger site. may be they are legit and genuine but risking your money have no sense, even you can buy gold easily from your local market.

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Quote from: trinaldao on August 27, 2016, 12:26:23 AM

Quote from: bitlancr on August 26, 2016, 11:15:13 AM

When it comes to my investment money i never put all my eggs in 1 basket. That's why i prefer to buy both if they have a future.
With gold and bitcoin, gold is the one asset which is safe, while bitcoin holds potential, risk but also the future.

don't forget to invest your money at fiat, because we don't know anything about future maybe in future chinese yuan can beat us dollar 1cny=1$ Roll Eyes

No, I do not trust that, US Dollar is still a stronger currency again CNY. Although, we are seeing that china's economy is growing but in my opinion it cannot beat US. Anyway, I will just invest with bitcoin as it is where my interest belongs.

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Quote from: bitlancr on August 26, 2016, 11:15:13 AM

When it comes to my investment money i never put all my eggs in 1 basket. That's why i prefer to buy both if they have a future.
With gold and bitcoin, gold is the one asset which is safe, while bitcoin holds potential, risk but also the future.

don't forget to invest your money at fiat, because we don't know anything about future maybe in future chinese yuan can beat us dollar 1cny=1$ Roll Eyes

STT

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Bitcoin is transactional, it literally has no worth or purpose really without being exchanged and utilised across the network. Its a system of secure authication, both fast and low cost and that is what makes it unique and so valuable to a global but connected audience. When millions realise this it will raise the price further then now, as it is now we stand before the sunset of the dollar system, a unique moment in history and the end of an empire most likely. Dollars are digital but tied to a unilateral politically biased and unfortunately very indebted system, holed like a sinking ship this is not likely to continue in stablity but decline.

We presume bitcoin takes over but it could be a number of alternatives. One of those choices is gold and sure gold is a longer term prospect but the digital aspect can be linked to it and it becomes transactional. This isnt theory, its history and dollar itself was tied to gold famously not that long ago and so can any transaction and currency used world wide. So maybe we see the rise of gold not bitcoin but I imagine its a bit of both as we all know bitcoin is low cost to use and if well done should compete ok with gold or other solid assured currency.

8Habits

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Quote from: randy8777 on August 26, 2016, 02:00:46 PM

Quote from: bitlancr on August 26, 2016, 11:15:13 AM

When it comes to my investment money i never put all my eggs in 1 basket. That's why i prefer to buy both if they have a future.
With gold and bitcoin, gold is the one asset which is safe, while bitcoin holds potential, risk but also the future.

in what way is gold safe according to you? that the volatility is less than what bitcoin is experiencing? i always prefer bitcoin over anything, but this year i bought myself around 20grams of gold. it makes my total gold holdings sit at 35gram in total. my target is to have 100gram at some point.

That is right, we can never predict the price of either gold or bitcoin as well as their volatility. However, with bitcoin and gold, the latter have proven itself by the test of time in terms of investment. But with the recent advancement of technology and revolutionary inventions for the ease and convenience of the masses, bitcoin is in the potential to get high its worth on years or decades time - same with gold.

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Quote from: bitlancr on August 26, 2016, 11:15:13 AM

When it comes to my investment money i never put all my eggs in 1 basket. That's why i prefer to buy both if they have a future.
With gold and bitcoin, gold is the one asset which is safe, while bitcoin holds potential, risk but also the future.

in what way is gold safe according to you? that the volatility is less than what bitcoin is experiencing? i always prefer bitcoin over anything, but this year i bought myself around 20grams of gold. it makes my total gold holdings sit at 35gram in total. my target is to have 100gram at some point.

bitlancr

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When it comes to my investment money i never put all my eggs in 1 basket. That's why i prefer to buy both if they have a future.
With gold and bitcoin, gold is the one asset which is safe, while bitcoin holds potential, risk but also the future.

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Quote from: Drago2016 on August 24, 2016, 02:25:04 PM

Quote from: Fredomago on August 24, 2016, 12:26:37 PM

Quote from: Spirit2016 on August 24, 2016, 10:04:23 AM

Quote from: Akupuniard on August 24, 2016, 09:41:03 AM

Gold for people who like stable income and don't like to risk, and also you should know how to work with gold, i don't know how so im using bitcoins.

Initially, gold also has the course of its value, which is raised then lowered. This is the first kind of opportunities to make money on the difference in price, similar to bitcoin trades. Risks to work a lot like a gold currency, and with bitcoin. We need to start knowledge

yes mate considering bitcoin as a gold of internet we can trade it into the price we desire depending on its demand looking into perspective if gold is a sign of richness before now we can say that if you have a lot of bitcoin holding you are also rich by now, i prefer to hold or to choose bitcoin because you can kept it much easier.

If gold is the physical body, the bitcoin is air. How many attacks on the exchange bitcoin survive, as it was with bitfinex? How will jump cryptocurrency price if the market will be a fever? Gold is stable.

bitcoinis going to survive all the things that are bad for sure, in my opinion it is going to grow only because it is the best currency ever

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Quote from: funbarrel on August 25, 2016, 04:20:21 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.

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Quote from: funbarrel on August 25, 2016, 04:20:21 PM

Quote from: Leonard2016 on August 24, 2016, 09:51:42 PM

Quote from: ?? on ??

Quote from: Drago2016 on August 24, 2016, 02:25:04 PM

Quote from: Fredomago on August 24, 2016, 12:26:37 PM

Quote from: Spirit2016 on August 24, 2016, 10:04:23 AM

Quote from: Akupuniard on August 24, 2016, 09:41:03 AM

Gold for people who like stable income and don't like to risk, and also you should know how to work with gold, i don't know how so im using bitcoins.

Initially, gold also has the course of its value, which is raised then lowered. This is the first kind of opportunities to make money on the difference in price, similar to bitcoin trades. Risks to work a lot like a gold currency, and with bitcoin. We need to start knowledge

yes mate considering bitcoin as a gold of internet we can trade it into the price we desire depending on its demand looking into perspective if gold is a sign of richness before now we can say that if you have a lot of bitcoin holding you are also rich by now, i prefer to hold or to choose bitcoin because you can kept it much easier.

If gold is the physical body, the bitcoin is air. How many attacks on the exchange bitcoin survive, as it was with bitfinex? How will jump cryptocurrency price if the market will be a fever? Gold is stable.

We all know that gold is stable and it is going to keep on rising as the time goes by but what happened with bitfinex is that we are not expecting that to happen and it is always been possible at all as many people are craving for big money. Maybe that is the good characteristics of gold even a big company is going to be stolen a lot of gold still the price of gold is going to be the same.

gold goes down too. it is not always rising but in general it is a more stable thing to invest in because of the magnitude of the market and the fact that gold has been around forever and many people are investing in it.

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

You cannot just say that simply because investment in bitcoin does not only give you a possible big reward, once an investment has a potential to give you good reward, it would also give you the big risk so you need to carefully evaluate the two before putting your investment.

LisaLee555

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I am not an expert , but I decided to invest in real gold coins ( just order online from http://bullionexchanges.com/buy-gold/us-gold-coins/gold-american-eagle/ ). Nowadays it is hard to find a decent provider , but still I am sure precious metals will be always appreciated.

funbarrel

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Quote from: Leonard2016 on August 24, 2016, 09:51:42 PM

Quote from: ?? on ??

Quote from: Drago2016 on August 24, 2016, 02:25:04 PM

Quote from: Fredomago on August 24, 2016, 12:26:37 PM

Quote from: Spirit2016 on August 24, 2016, 10:04:23 AM

Quote from: Akupuniard on August 24, 2016, 09:41:03 AM

Gold for people who like stable income and don't like to risk, and also you should know how to work with gold, i don't know how so im using bitcoins.

Initially, gold also has the course of its value, which is raised then lowered. This is the first kind of opportunities to make money on the difference in price, similar to bitcoin trades. Risks to work a lot like a gold currency, and with bitcoin. We need to start knowledge

yes mate considering bitcoin as a gold of internet we can trade it into the price we desire depending on its demand looking into perspective if gold is a sign of richness before now we can say that if you have a lot of bitcoin holding you are also rich by now, i prefer to hold or to choose bitcoin because you can kept it much easier.

If gold is the physical body, the bitcoin is air. How many attacks on the exchange bitcoin survive, as it was with bitfinex? How will jump cryptocurrency price if the market will be a fever? Gold is stable.

We all know that gold is stable and it is going to keep on rising as the time goes by but what happened with bitfinex is that we are not expecting that to happen and it is always been possible at all as many people are craving for big money. Maybe that is the good characteristics of gold even a big company is going to be stolen a lot of gold still the price of gold is going to be the same.

gold goes down too. it is not always rising but in general it is a more stable thing to invest in because of the magnitude of the market and the fact that gold has been around forever and many people are investing in it.

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

deisik

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Quote from: bryant.coleman on August 24, 2016, 02:07:30 PM

Quote from: Osarman on August 24, 2016, 01:55:41 PM

You are right , i also think that earning bitcoin is very easy than gold we can earn bitcoin through trading because bitcoin increasing its price very much faster and gold increasing its price very slowly so invest in bitcoin is much more better than gold.

Short-trading is equally effective against gold and bitcoin. The only difference is that with gold, you will be able to trade up to 50 times your capital, while with BTC you will be limited to 4x or 5x. And you should post that it is easier to trade bitcoins, when compared to gold. For your information, earning is different from trading.

Nobody cares. People here are posting the same bullshit over and over again just because they can (aka "post 'cause you can") and think at the same time that it sounds like it makes sense. Evidently, they don't give a fuck whether it does really make any sense at all. I guess most of such posters never actually traded Bitcoin, apart from selling the dust they get for their posts...

I'm not even speaking about trading gold, God forbid!

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