Bitcoin or gold? - page 370. | Bitcointalksearch.org

stromma44

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Quote from: Skaven on July 05, 2016, 09:25:40 AM

Quote from: ArticMine on March 09, 2014, 06:29:56 PM

Quote from: tkbx on March 09, 2014, 01:21:54 PM

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.

Bitcoin. Here is why

Let us go back 110 years to say 1904 and ask the following question: If you had to convert all your wealth to either horseless carriages (otherwise known as automobiles) or horses and keep it there for 10 years, which would you choose? Keep in mind the fact that horseless carriages have only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

By the way humans had been using horses as a primary form of transportation for millennia, yet in a period of 50 years between 1900 and 1950 they virtually vanished form the transportation scene. Will Bitcoin do the same to gold?

Bitcoin is better than gold now and that is because Bitcoin is getting more acceptable and that is nice for the currency.
But gold is of course popular but it is not acceptable online and that is bad.

Gold has more trusted users in compare to bitcoin and gold is also more popular and that is the reason people prefer to invest in gold as they are not aware about bitcoin yet.

Skaven

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Quote from: ArticMine on March 09, 2014, 06:29:56 PM

Quote from: tkbx on March 09, 2014, 01:21:54 PM

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.

Bitcoin. Here is why

Let us go back 110 years to say 1904 and ask the following question: If you had to convert all your wealth to either horseless carriages (otherwise known as automobiles) or horses and keep it there for 10 years, which would you choose? Keep in mind the fact that horseless carriages have only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

By the way humans had been using horses as a primary form of transportation for millennia, yet in a period of 50 years between 1900 and 1950 they virtually vanished form the transportation scene. Will Bitcoin do the same to gold?

Bitcoin is better than gold now and that is because Bitcoin is getting more acceptable and that is nice for the currency.
But gold is of course popular but it is not acceptable online and that is bad.

terman45x

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Quote from: jossiel on July 05, 2016, 04:58:26 AM

Quote from: Menerever on July 05, 2016, 04:53:45 AM

If only we can accumulate gold for a small dividend , I think people here will now have a different aspect about which is better for investment.

Since bitcoin can be buy for even a small piece of it out from the whole, people mostly preferred bitcoin over gold.

Yeah exactly, bitcoin is most preferred over gold. But of course there are certain people that will still choose gold as usual.
Because it is a precious stone, but we can that bitcoin what it has all it takes.

Traditional users will always prefer to invest in gold as they find it safer investment and bitcoin is still very new to them and they don't know how it works so they will prefer to stay away from it.

jossiel

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Quote from: Menerever on July 05, 2016, 04:53:45 AM

If only we can accumulate gold for a small dividend , I think people here will now have a different aspect about which is better for investment.

Since bitcoin can be buy for even a small piece of it out from the whole, people mostly preferred bitcoin over gold.

Yeah exactly, bitcoin is most preferred over gold. But of course there are certain people that will still choose gold as usual.
Because it is a precious stone, but we can that bitcoin what it has all it takes.

Menerever

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If only we can accumulate gold for a small dividend , I think people here will now have a different aspect about which is better for investment.

Since bitcoin can be buy for even a small piece of it out from the whole, people mostly preferred bitcoin over gold.

jossiel

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Quote from: thend1949 on July 05, 2016, 03:21:34 AM

I think bitcoin because bitcoin has higher value than gold.if u have a bitcoin u can buy a gold or anything you want.so i must choose bitcoin coz you can do what u want for using bitcoin.thats why bitcoin is more than a gold from me.

Me either I'm going to choose rather than gold. Although I like gold too. But for me it is a very dangerous kind of thing because it can be robbed to you.
And with bitcoin you can just store it with your wallet protected.

thend1949

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I think bitcoin because bitcoin has higher value than gold.if u have a bitcoin u can buy a gold or anything you want.so i must choose bitcoin coz you can do what u want for using bitcoin.thats why bitcoin is more than a gold from me.

Cyaren

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Quote from: bitwarrior on July 04, 2016, 10:20:21 PM

I will go for 60% on bitcoin and 40% on Gold and Silver.

If you can earn both, bitcoins and golds, why not? But if we need to choose one, I would choose bitcoins for the flexibility of its characteristics. You can do many things with bitcoins unlike gold. As it is, you can already buy anything with bitcoins or avail of any services available. While you cannot do those with gold.

Brzzi

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Why cant you have gold ? If you can have Bitcoins you can have gold too. Dont understand your last reference...

tabas

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Quote from: alplaxxx on July 04, 2016, 09:29:17 PM

I'll go for bitcoin, because bitcoin is the currency threading for the future, then you know what I'm saying, you can buy all things maybe in the future using bitcoin, so if you have million of bitcoins in the near future, you can buy millions of gold. Now just earn and save more bitcoin for investment.

Me either, I will going to choose bitcoin. Even it is a online currency and we can physically hold it. Bitcoin is offering a lot of services, and it is a currency itself.
And I can't have gold at all so I am choosing bitcoin at all.

bitwarrior

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I will go for 60% on bitcoin and 40% on Gold and Silver.

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Quote from: goldcoinminer on July 04, 2016, 09:58:41 PM

Quote from: alplaxxx on July 04, 2016, 09:29:17 PM

I'll go for bitcoin, because bitcoin is the currency threading for the future, then you know what I'm saying, you can buy all things maybe in the future using bitcoin, so if you have million of bitcoins in the near future, you can buy millions of gold. Now just earn and save more bitcoin for investment.

It should be look that way, when you are planning to invest gold in the future, you should start with bitcoins because with a little amount you can easily start and you can learn the basics of investment.

Gold is always good in long term and it has already have a future, while bitcoin also good in long term but we do not have assurance that it will be last forever. But the profit on bitcoin is good as of now.

goldcoinminer

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Quote from: alplaxxx on July 04, 2016, 09:29:17 PM

I'll go for bitcoin, because bitcoin is the currency threading for the future, then you know what I'm saying, you can buy all things maybe in the future using bitcoin, so if you have million of bitcoins in the near future, you can buy millions of gold. Now just earn and save more bitcoin for investment.

It should be look that way, when you are planning to invest gold in the future, you should start with bitcoins because with a little amount you can easily start and you can learn the basics of investment.

alplaxxx

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I'll go for bitcoin, because bitcoin is the currency threading for the future, then you know what I'm saying, you can buy all things maybe in the future using bitcoin, so if you have million of bitcoins in the near future, you can buy millions of gold. Now just earn and save more bitcoin for investment.

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Quote from: Fanpant on July 04, 2016, 02:50:45 PM

Quote from: Iceborn on July 04, 2016, 01:24:02 PM

I'm gonna go for the bitcoin and this is simply because I really like the bitcoin and I do not have the patient for the gold itself.
Its just that gold is taking too much time to make good profit its only good on a long term.

It is very difficult to spend gold to buy things directly. I have used bitcoin to buy some goods. It is quite easy.

That is because gold is only for long term investment and it has its only one purpose while bitcoins you can use it in different ways, you can use it as a payment method and investment as well.

5th_to_1st

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always bitcoin for me and nothing else to be honest, i dont like gold

Fanpant

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Quote from: Iceborn on July 04, 2016, 01:24:02 PM

I'm gonna go for the bitcoin and this is simply because I really like the bitcoin and I do not have the patient for the gold itself.
Its just that gold is taking too much time to make good profit its only good on a long term.

It is very difficult to spend gold to buy things directly. I have used bitcoin to buy some goods. It is quite easy.

Iceborn

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I'm gonna go for the bitcoin and this is simply because I really like the bitcoin and I do not have the patient for the gold itself.
Its just that gold is taking too much time to make good profit its only good on a long term.

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Quote from: Skaven on July 04, 2016, 11:57:58 AM

Quote from: Altcoinmoney on July 04, 2016, 09:15:04 AM

If you are clever you know that gold will always be the number one paying method in the world. But there will be always some times for bitcoins
bitcoins is more for investments you know it is not really a payment method it can be used as but it is not good.

Are you kidding me.. the bitcoin is way better than gold, the bitcoin can be used for long and short terms and is a investment and also a currency.
Gold is also a currency but its not very easy payable so I think its not so good for that plus its only good on long terms mostly.

The OP was asking on a 10year time frame. Which makes Gold a pretty good Long term investment. Also it's much easier to get physical gold than Bitcoins in size.

I am not arguing against Bitcoins but for a Long term Investor you should definitely hold both, Gold and Bitcoins. Diversification.

Skaven

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Quote from: Altcoinmoney on July 04, 2016, 09:15:04 AM

If you are clever you know that gold will always be the number one paying method in the world. But there will be always some times for bitcoins
bitcoins is more for investments you know it is not really a payment method it can be used as but it is not good.

Are you kidding me.. the bitcoin is way better than gold, the bitcoin can be used for long and short terms and is a investment and also a currency.
Gold is also a currency but its not very easy payable so I think its not so good for that plus its only good on long terms mostly.

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