Bitcoin or gold? - page 389. | Bitcointalksearch.org

wearepoor

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Quote from: Cyaren on June 18, 2016, 11:33:14 PM

I would definitely prefer bitcoin instead of gold because it is so easy to use. For gold, you have to trust that somebody is giving you the right weight of gold, right purity, and all sorts of things like that.

With bitcoin, every unit is the same. You can transfer it without hassles virtually.

With the current rise in the price of btc, everyone will prefer Bitcoins over the gold. But still gold has the reputation and trust from the years so people prefer gold. Bitcoins will take some more time to gain the trust and to became popular; I think its has been already started if you look at the current value of the Bitcoins.

harizen

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Quote from: trinaldao on June 19, 2016, 12:24:28 AM

Quote from: betohell on June 18, 2016, 09:51:41 PM

Quote from: HilbillyFred on June 18, 2016, 12:38:43 PM

Gold has many things bitcoin don't have
- It's been worthy for millenniums, bitcoin not
- It holds value by 100% of the world, bitcoin not (yet)

So yes it's an easy choice. Gold!

I think if you look at it from age. gold is certainly more experienced. because gold has been there since time immemorial. The new bitcoin grows. but I'm sure bitcoin will speak volumes in the coming years

bitcoin is like a baby the growing will be fast than other currency, after 20years old bitcoin can be a young in cryptocrrency world and im sure the price will be stable in high price maybe $10k

Bitcoin price stability will just make traders get some frequent profits since it's now on stable price mode. An active price fluctuations is the reason why people earns a lot in trading bitcoin.

And that price fluctuations that happen in bitcoin can be done intentionally by those manipulators. So a crashed is always possible and really has a chance to happen for a long term which is likely different to the system of pricing in gold.

trinaldao

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Quote from: betohell on June 18, 2016, 09:51:41 PM

Quote from: HilbillyFred on June 18, 2016, 12:38:43 PM

Gold has many things bitcoin don't have
- It's been worthy for millenniums, bitcoin not
- It holds value by 100% of the world, bitcoin not (yet)

So yes it's an easy choice. Gold!

I think if you look at it from age. gold is certainly more experienced. because gold has been there since time immemorial. The new bitcoin grows. but I'm sure bitcoin will speak volumes in the coming years

bitcoin is like a baby the growing will be fast than other currency, after 20years old bitcoin can be a young in cryptocrrency world and im sure the price will be stable in high price maybe $10k

Cyaren

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I would definitely prefer bitcoin instead of gold because it is so easy to use. For gold, you have to trust that somebody is giving you the right weight of gold, right purity, and all sorts of things like that.

With bitcoin, every unit is the same. You can transfer it without hassles virtually.

Finestream

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Quote from: betohell on June 18, 2016, 09:51:41 PM

Quote from: HilbillyFred on June 18, 2016, 12:38:43 PM

Gold has many things bitcoin don't have
- It's been worthy for millenniums, bitcoin not
- It holds value by 100% of the world, bitcoin not (yet)

So yes it's an easy choice. Gold!

I think if you look at it from age. gold is certainly more experienced. because gold has been there since time immemorial. The new bitcoin grows. but I'm sure bitcoin will speak volumes in the coming years

With that, that only prove the gold is only for long term investment and bitcoins is for short time. The difference is bitcoin is new and has a good potential in the future and investing now is the best way to make a huge profit in the future.

STT

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Quote from: bryant.coleman on June 18, 2016, 02:45:16 PM

If you don't have the patience, then don't go for gold. Gold is a very very long term investment, similar to those 30-year United States treasury bonds. If you can't wait for that long, then go for some other type of investment. And now coming to Bitcoin, I have a feeling that the coins are over-prized right now. If a crash happens, then you may need to wait for 3-4 years for it to rise again.

Gold is not an investment really, some people speculate with it but its just a store of wealth separated from any countries currency. Usually people put money in they want to spend in the near term, which is a problem if the market is more interested in messing around with government debt schemes and guaranteed returns plus there is not many regulators requiring an asset base of gold.
So who needs gold, only the truly wealthy people who have zero need of this money short term and not many of us can say that; old money people who were rich every day of their lives from a sucessful family business etc. So the rest of us speculate on China buying it etc

Bitcoin overpriced, in which aspect are we to value it thats hard to say. Dollars are overvalued, thats certain with the amount of bonds issued yet to unwind and the growth potential not likely to meet this new currency created and then in circulation. So dollar too high makes bitcoin relatively too low, I dont know but seems that way. Every counterparty to dollar in its global exchange seems possibly cheaper.

This guy might know http://pricedingold.com/bitcoin/
Price of BTC about half the peak but triple the recent low

betohell

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Quote from: HilbillyFred on June 18, 2016, 12:38:43 PM

Gold has many things bitcoin don't have
- It's been worthy for millenniums, bitcoin not
- It holds value by 100% of the world, bitcoin not (yet)

So yes it's an easy choice. Gold!

I think if you look at it from age. gold is certainly more experienced. because gold has been there since time immemorial. The new bitcoin grows. but I'm sure bitcoin will speak volumes in the coming years

OROBTC

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Quote from: bryant.coleman on June 18, 2016, 02:45:16 PM

Quote from: eddyubachs on June 18, 2016, 02:41:14 AM

Gold has become history for me now, I cannot afford to invest in it as I really dont have patience to wait for making profits So I will prefer to invest in bitcoin.

If you don't have the patience, then don't go for gold. Gold is a very very long term investment, similar to those 30-year United States treasury bonds. If you can't wait for that long, then go for some other type of investment. And now coming to Bitcoin, I have a feeling that the coins are over-prized right now. If a crash happens, then you may need to wait for 3-4 years for it to rise again.

Yes. Bitcoin and gold are two completely different investments. Buy and hold both! Diversification is smart.

Buy gold, and quietly hold it. Increase your holdings through the years. Pass it down to your children... This is what the wealthy in Europe have done for centuries. Gold is the best wealth preservation investment in town.

Bitcoin does indeed offer great volatility. In the short-term, yes, you can get a lot of action (up and down, as most of us have seen).

There is no reason why not to buy some gold. 1/10th oz. American Gold Eagles cost only about $150 now.

nodecoin5

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i think bitcoin can be like Gold in future

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Quote from: fravia on June 18, 2016, 07:00:59 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.

It depends what you're looking for, because gold has been a stable currency used by many powers of the world with little to no change so if you're looking for an easy way to store money and know the value would be there when you come back, invest in gold
However, if you're looking to come back to some form of growth then bitcoin could be the way to go, as it is still young and the prices fluctuating and changing, if you did chose this hoever, keep an eye on the prices as you don't want to just come back to see your money has halved

For me as an investor, I don't only look for a secure money and I know gold can bring that to me but it is a different feeling when you see the thing you have invested is a great system in the future that would help a lot of people to ease their life and that is bitcoins for me nothing else.

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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.

It depends what you're looking for, because gold has been a stable currency used by many powers of the world with little to no change so if you're looking for an easy way to store money and know the value would be there when you come back, invest in gold
However, if you're looking to come back to some form of growth then bitcoin could be the way to go, as it is still young and the prices fluctuating and changing, if you did chose this hoever, keep an eye on the prices as you don't want to just come back to see your money has halved

ajun96

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Quote from: HilbillyFred on June 18, 2016, 12:38:43 PM

Gold has many things bitcoin don't have
- It's been worthy for millenniums, bitcoin not
- It holds value by 100% of the world, bitcoin not (yet)

So yes it's an easy choice. Gold!

Lol I think we can not compare with the gold directly bitcoin. because it is definitely going to win gold. because gold has been there since thousands of years ago. maybe people will choose bitcoin few years.
yeah bitcoin will be booming investment than gold. maybe a few more years

bryant.coleman

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Quote from: eddyubachs on June 18, 2016, 02:41:14 AM

Gold has become history for me now, I cannot afford to invest in it as I really dont have patience to wait for making profits So I will prefer to invest in bitcoin.

If you don't have the patience, then don't go for gold. Gold is a very very long term investment, similar to those 30-year United States treasury bonds. If you can't wait for that long, then go for some other type of investment. And now coming to Bitcoin, I have a feeling that the coins are over-prized right now. If a crash happens, then you may need to wait for 3-4 years for it to rise again.

vero

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Quote from: tabas on June 18, 2016, 08:12:00 AM

Quote from: eddyubachs on June 18, 2016, 02:41:14 AM

Quote from: DarkThrones on June 18, 2016, 02:05:12 AM

I buy both. Bitcoin is a great store of value and obvioisly there is profit to be made on rallies such as the one we're seeing and are a part of right now. Gold is for when I turn it into chains or rings and then resell it because I'm practicing jewelry making with precious metals.

Gold has become history for me now, I cannot afford to invest in it as I really dont have patience to wait for making profits So I will prefer to invest in bitcoin.

Gold has been there for a long time and we all know that people will going to choose gold between gold and bitcoin. But to be wise, I'm going to use bitcoin.
Because the use of bitcoin today and the opportunities it can give to an individual is very good.

when the price of bitcoin is increasing from day to day it might be time people see when they choose to investment in bitcoin will get a lot profit and with the passage of time one day bitcoin can be paired with gold.

newcoins1978

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Quote from: HilbillyFred on June 18, 2016, 12:38:43 PM

Gold has many things bitcoin don't have
- It's been worthy for millenniums, bitcoin not
- It holds value by 100% of the world, bitcoin not (yet)

So yes it's an easy choice. Gold!

If you want security then gold is the way to go, since it's adopted by the many.
When you go for profit there is just 1 alternative... which is bitcoin. Be it 1 month or 1 year, the long term perspective of bitcoin is better...

crairezx20

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Quote from: HilbillyFred on June 18, 2016, 12:38:43 PM

Gold has many things bitcoin don't have
- It's been worthy for millenniums, bitcoin not
- It holds value by 100% of the world, bitcoin not (yet)

So yes it's an easy choice. Gold!

But the problem if you choose gold its a long journey before we can see high price of gold.. and its better to choose bitcoin for now if you are looking for fast profit..

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Quote from: tabas on June 18, 2016, 08:12:00 AM

Quote from: eddyubachs on June 18, 2016, 02:41:14 AM

Quote from: DarkThrones on June 18, 2016, 02:05:12 AM

I buy both. Bitcoin is a great store of value and obvioisly there is profit to be made on rallies such as the one we're seeing and are a part of right now. Gold is for when I turn it into chains or rings and then resell it because I'm practicing jewelry making with precious metals.

Gold has become history for me now, I cannot afford to invest in it as I really dont have patience to wait for making profits So I will prefer to invest in bitcoin.

Gold has been there for a long time and we all know that people will going to choose gold between gold and bitcoin. But to be wise, I'm going to use bitcoin.
Because the use of bitcoin today and the opportunities it can give to an individual is very good.

Bitcoin provides us multiple benefits and it also allows us to earn it, so that is the best thing can happen, and bitcoin will take over the gold in future for sure.

HilbillyFred

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Gold has many things bitcoin don't have
- It's been worthy for millenniums, bitcoin not
- It holds value by 100% of the world, bitcoin not (yet)

So yes it's an easy choice. Gold!

tabas

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Quote from: eddyubachs on June 18, 2016, 02:41:14 AM

Quote from: DarkThrones on June 18, 2016, 02:05:12 AM

I buy both. Bitcoin is a great store of value and obvioisly there is profit to be made on rallies such as the one we're seeing and are a part of right now. Gold is for when I turn it into chains or rings and then resell it because I'm practicing jewelry making with precious metals.

Gold has become history for me now, I cannot afford to invest in it as I really dont have patience to wait for making profits So I will prefer to invest in bitcoin.

Gold has been there for a long time and we all know that people will going to choose gold between gold and bitcoin. But to be wise, I'm going to use bitcoin.
Because the use of bitcoin today and the opportunities it can give to an individual is very good.

eddyubachs

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Quote from: DarkThrones on June 18, 2016, 02:05:12 AM

I buy both. Bitcoin is a great store of value and obvioisly there is profit to be made on rallies such as the one we're seeing and are a part of right now. Gold is for when I turn it into chains or rings and then resell it because I'm practicing jewelry making with precious metals.

Gold has become history for me now, I cannot afford to invest in it as I really dont have patience to wait for making profits So I will prefer to invest in bitcoin.

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