Topic: Bitcoin or gold? - page 344. (Read 984470 times)

If you want to buy gold then you need to buy it in certain specific volume, but bitcoin gives us an freedom to buy even in a small amount and that is the best thing about it.

That's why I'm choosing bitcoin too I can see that it has good potential although has better potential but it is not really for me and I can't have it easily because it is really hard to have even a single gold.

Insane, security has no walls, but why i would such block to protect my bitcoins or gold? Those would atract thieves into my house as always someone talk about those. Anyway even being possible to buy a portion of the gold as bitcoin i wouldnt never invest into gold, bitcoin for me is most safe and there is almost no risk to store it without need to buy an extra house or room.

It will surely help you in earning high profits from it in future and if you compare the profits earned from gold an bitcoin then bitcoin will having an upper hand for sure.

But if you are really serious into gold, you may want to buy a vault (safe room) that will fit naturally into your basement, lol



Your own personal vault

thats true, bitcoin gives the biggest benefits possible right now and i think that it will allow me to make some good profit in the future if i hold my money

Yes, this could be a good alternative to protect themselves from common thieves.

If you heavily invest in gold, you could also afford to buy a fireproof safe, and keep there not only your precious gold but your documents as well (e.g. Bitcoin cold wallet keys, lol)...

Hidden wall safes are the best in the apartment division

Agree, however about 1) Gold is difficult to store,  I think it refers rather to the fact that it is difficult to do surely, even of the size of a cell, a thing of value  is difficult to store more than  one thing worthless large, for example, in an apartment anyone doing the cleaning or something can  found and take your gold easily,
and when finally you realize  already been too late, also you can not spend all your time watching if the gold is there or not.

Bitcoin holds wide range of benefits which is not possible with gold as it can be stored only physically and cannot be used as a currency or a payment method.

You can actually do this by using a gold brokerage. You can buy gold in the same way as stocks and shares - you buy the gold stock, but its actually sitting in a vault somewhere. Furthermore you can buy any quantity like 0.01kg of gold. Much like you can a bit coin. A big difference is that the brokerage fees are much higher than the bank transfer fee to buy bitcoin. However, gold is much more stable - so could be a good choice if you want to keep a contingency fund.

Totally agree, 99% of people posting in this topic have no knowledge of gold and keep spurting incorrect "facts"

The usual crap includes :

1) Gold is difficult to store - A gold bar costing $43000 is the size of a smart phone, not hard to hide away safely.  If most of the bitcoin geeks here converted their bitcoin wealth to gold they probably wouldnt even have enough gold to make a tooth filling.

2) As above gold price is boring and doesnt move - gold is currently up 30% year to date.

3) Gold is hard to buy - There are numerous bullion dealers online - piss easy if you cant get to a physcial shop.

4) Gold is hard to sell - Either walk in to a dealer and sell on the spot or you can post fully insured and get paid the next day.

5) I.D requirements for buying - In the UK no I.D needed unless you spend over £5000 in 1 transaction or £10000 a year with 1 dealer.  Spread your buys around and no I.D will ever be needed.

6) I.D requirements for selling - In the UK none needed, I walked into a dealers a month ago and sold £50,000 over the counter no questions asked.

7) Legal tender gold coins are capital gains tax free, a big benefit for large gold investments over bitcoin.

8 ) Gold can easily be converted to cash in any town or city anywhere in the world.  Bitcoin is no where near that adoption rate.

9) The evil government will ban gold and steal it - How will they know you have it?  There are far more examples of bitcoin being banned in modern history than gold.

10) Gold degrades over time - no it doesnt

11) Fake gold - Dont buy it off some retard on ebay, stick to well known and trusted bullion dealers if you dont know what you are doing.

12) You can flee a country with all your bitcoin wealth on a memory stick not possible with gold - (a) I dont live a shit hole country so this situation is irrelevant.  (b) There are a lot of examples during wars of people bribing guards etc. with gold coins to save their ass.  As recent as "Desert Storm" pilots were issued gold sovereigns as part of their survival kit.

13) Gold has no 3rd party risk - no computers, network, exchanges, electricity required.

14) Bitcoin is easier to spend online - Thats what I have cash and debit card for, my investments are for investment and not daily spending.

15) You can trade bitcoin online you cant with gold - yes you can, have a look at bullionvault or goldmoney for example.

16) Its easy to make lots of money with bitcoins volatility, cant do it with gold - If its so easy to make lots of money with bitcoins volatility then why arent you all stinking rich instead of spending all your time on here

17) You can earn bitcoin through work, faucets etc. - Time is money, you can just as easily earn cash and just buy gold, its the same thing.

18) I would be very confortable having a significant chunk of my wealth stored as gold ready for my retirement in 25 years time, would you be as confident having the same investment held in bitcoin?

19) Security issues with bitcoin - trojans, worms, key loggers, hacked exchanges, scammers - Look at the number of people that have lost bitcoin on this site alone.  Show me any gold/silver stackers site with a whole section dedicated to scams - currently sitting at 124 page fulls here (you wont find one)

A lot of confidence in the bitcoin. For many years the forecasts given really no one will. If you already have to freeze all his assets in the long lines, it is best to probably buy gold. This metal is a hundred years does not fall in price. but bitcoin not scored yet this popularity.

There are a huge number of gold derivatives that will provide you with any level of volatility you may ever strive for. I'm really fascinated by the people who don't have a slightest clue about gold and gold trade (read have never been there), but are nevertheless ready to pop up and say some bullshit about it. As the saying goes, an expert is someone with an opinion and a word processor...

The latter is not even required if you have Internet access, lol

Yeah people who have faith in new technology and who prefers to earn quick profits will prefer to invest in bitcoin and the older generation will go with gold.

But Gold can be traded and used in the worst moments. Bitcoin can fall anytime, while Gold can't because it's physical. It's real, not just a number. You can see and feel it.

Bitcoin may be fast, secure and anonymous.. but it's not as safe as Gold is for the worst situations you can meet in life.

though for me gold is a bad investment option because the price is nearly not moving and it is too boring, because of that i always choose to use only bitcoins and nothing else

If you have enough gold for investings, i think it's the best choise, but bitcoin is better in this case cause if you don't have it, you can earn it for free

thats true, gold is not money while bitcoin is the best money that has ever been invented, also it is an investment option thats why i choose bitcoins over gold

i think i would go for bitcoins ..because the bitcoins varying graph is better than gold ...so i am doing on stuff on this signature campaign to get some bitcoins .kudoos