Bitcoin or gold? - page 430. | Bitcointalksearch.org

mark coins

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Quote from: phreaky on May 04, 2016, 06:29:17 AM

I would really go for the bitcoin because of the patience you need with gold, I do not want to wait for such a long time to make profit.

Exactly and that is the reason why people choose bitcoin as it helps in achieving profits in short time and people who wants quick money will always choose bitcoin over gold.

phreaky

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I would really go for the bitcoin because of the patience you need with gold, I do not want to wait for such a long time to make profit.

diodio5

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Quote from: defined on April 30, 2016, 03:21:12 AM

Quote from: martinacar on April 28, 2016, 03:37:36 PM

I would go for the gold because with the gold one you can make a lot more dollars if you do it for a long term.
If you use the bitcoin you can gain a lot more profit on a short term than gold, so it both has advantages.

Gold is a hedge against inflation on the long term, nothing more than that.

I can not find the graph that shows dollar, gold and stock for a century. Gold beats cash but shares beat gold.

shares and investment soared enough this time gold only as jewelry that has a price has not been strong enough to be in the investment market. so few investors who are trying to invest in gold.
buy stocks may be profitable in the appeal of gold

trinaldao

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in this moment some country accept bitcoin as payment, as currency like other curremcy, US. dollar etc.
so for future reference i will choose bitcoin.

Dekker3D

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Bitcoin first to go along with the halving then later on sell as the price go down. Once the price stabilizes, I'll buy half with gold, 1/4 with bitcoin then the other 1/4 will be for other investments

boyptc

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Quote from: goinmerry on May 04, 2016, 01:38:15 AM

The really sad thing when you are owning a lot of gold is the government will keep an eye on you. And if it is announced by media you are in the risk of being questioned on how you got it or where you got it.

The real opposite of bitcoin where you are free.

That's the sad reality if you are holding a lot of gold. They will do something against to you so that they can get your golds.
So must better to use bitcoin than gold because government is still not recognizing bitcoin to become universal currency
in the world.

1Referee

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Quote from: terman45x on May 04, 2016, 12:28:27 AM

Quote from: BitcoinPaw on May 03, 2016, 06:04:54 PM

Bitcoin and if you ask me why i will answer that bitcoin is more flexible than gold and for begginer it's also better, so bitcoin is my choise.

Yeah and people who are already using bitcoin will surely invest their money into bitcoin at a moment as they are aware that bitcoin can make them rich in a short period of time.

What is your definition of rich? $1000? $10,000? $100,000? $1,000,000? Get rich quick times are over for the average person here. Only whales with +1000BTC can make a lot money in a short time.

peta4e

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Quote from: goinmerry on May 04, 2016, 01:38:15 AM

The really sad thing when you are owning a lot of gold is the government will keep an eye on you. And if it is announced by media you are in the risk of being questioned on how you got it or where you got it.

The real opposite of bitcoin where you are free.

Yeah you can hold any number of coins in your wallet and no one would be aware about it but the same doesn't goes with gold there is lot of paper work involved.

goinmerry

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The really sad thing when you are owning a lot of gold is the government will keep an eye on you. And if it is announced by media you are in the risk of being questioned on how you got it or where you got it.

The real opposite of bitcoin where you are free.

boyptc

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Quote from: terman45x on May 04, 2016, 12:28:27 AM

Quote from: BitcoinPaw on May 03, 2016, 06:04:54 PM

Bitcoin and if you ask me why i will answer that bitcoin is more flexible than gold and for begginer it's also better, so bitcoin is my choise.

Yeah and people who are already using bitcoin will surely invest their money into bitcoin at a moment as they are aware that bitcoin can make them rich in a short period of time.

If I have gold, I would choose gold. But I don't have and bitcoin I do have. So, I will choose bitcoin. And yes bitcoin is very easy, flexible to use. And it can transfer easily where ever you are here in the world.

terman45x

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Quote from: BitcoinPaw on May 03, 2016, 06:04:54 PM

Bitcoin and if you ask me why i will answer that bitcoin is more flexible than gold and for begginer it's also better, so bitcoin is my choise.

Yeah and people who are already using bitcoin will surely invest their money into bitcoin at a moment as they are aware that bitcoin can make them rich in a short period of time.

TPTB_need_war

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Quote from: r0ach on May 03, 2016, 09:51:34 PM

Yea, gold is guaranteed to not be fiat, but where do you draw your claim from that it's guaranteed to continue to be a form of money at all? This is an unknown. Maybe gold is wothless in the future except for jewlery and anti-corrosive plating and only Bitcoin and a Helium3 backed dollar or something exists. Then gold loses it's entire network effect derived value and becomes the same thing as current day copper.

Quote

Napoleon III reserved a prized set of aluminum cutlery for special guests at banquets. (Less favored guests used gold knives and forks.)

Well I agree that man has gradually changed what is money to what has superior attributes such as durability, divisibility, transportability. But remember (pure not legal tender) gold's main function has always a hedge against government. Thus my argument is that until crypto-currency can prove it is immune to centralization and centralized control over the internet, then it can't replace gold's function. That is entirely my point.

TPTB_need_war

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Quote from: TPTB_need_war on May 03, 2016, 06:23:02 PM

Quote from: r0ach on May 03, 2016, 06:06:56 PM

Quote from: TPTB_need_war on May 03, 2016, 11:00:00 AM

Quote from: r0ach on May 03, 2016, 05:47:01 AM

Both Bitcoin and gold have value in that department, but it's difficult for someone to build and guard their own gold vault all day.

Very weak argument. One who can't hide well 100 Kruggerands, is an inept person.

How is that a weak argument? [...] On the other hand, there's obviously little future for gold due to this scenario. Almost everyone would place their gold in a 3rd party vault and now it's the same thing as fiat. [...]

You are evaluating gold systemically in terms of whether it is a replacement for fiat. I am pointing out that for the wealthy person, the use case of gold is irrelevant to whether the masses don't adopt gold:

Quote from: TPTB_need_war on May 03, 2016, 11:00:00 AM

One who can't hide well 100 Kruggerands, is an inept person.

[...]

Clearly I think crypto-currency is better for most needs, but gold still has some unique use cases, i.e. 1 - 5% of networth as a hedge against apocalypse.

Quote from: TPTB_need_war on May 03, 2016, 03:47:33 AM

The utility of crypto-currency from a personal standpoint is it much more prone to become a top-down controlled fiat and thus lose its permission-less quality.

Gold systemically doesn't solve the fiat problem, but to a wealthy person it is personally it is guaranteed to not be a fiat, as I hold it in my hand and no government can cancel gold as they routinely do for cash[1]. They can erect capital controls, but my gold can remain buried until the government has changed.

In short, gold is more durable than crypto-currency. Whether that is useful to me personally or not, is a matter of personal analysis, perspective, and opinion.

[1]

https://www.armstrongeconomics.com/uncategorized/europes-practice-of-cancelling-currency-the-dirty-little-secret-everyone-overlooks/
https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/the-war-on-cash-2/
https://www.armstrongeconomics.com/writings/2012-2/the-truth-about-gold-why-you-should-buy-it/
https://www.armstrongeconomics.com/uncategorized/says-law/

BitcoinPaw

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Bitcoin and if you ask me why i will answer that bitcoin is more flexible than gold and for begginer it's also better, so bitcoin is my choise.

expert4knowledge

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Quote from: SquallLeonhart on May 03, 2016, 04:13:53 PM

Quote from: expert4knowledge on May 03, 2016, 04:09:59 PM

Quote from: rektDude on May 03, 2016, 08:46:20 AM

Quote from: roslinpl on March 09, 2014, 07:03:34 PM

Quote from: bitjoint on March 09, 2014, 01:23:19 PM

Both

Both is right answer for sure.

if we talk about 10 years.

Kind regards. ♥ BTC

yeah maybe in 10 years everyone wants them both. But these years i don't think so many countries
doesn't accept the coin in each store only several countries does.
But maybe in 10 years we will see.

If you want to use it only for buying also bitcoin has more application than gold but for stable investment gold is better case.

Yes and also depends on an individual how fast he wants to earn profits, if he can afford to wait then gold is the best option but if he wants to make it quick then bitcoin is the best.

In fact the slope of loss and earning is more in bitcoin compared to gold so profit or loss is more in bitcoin investment.

SquallLeonhart

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Quote from: expert4knowledge on May 03, 2016, 04:09:59 PM

Quote from: rektDude on May 03, 2016, 08:46:20 AM

Quote from: roslinpl on March 09, 2014, 07:03:34 PM

Quote from: bitjoint on March 09, 2014, 01:23:19 PM

Both

Both is right answer for sure.

if we talk about 10 years.

Kind regards. ♥ BTC

yeah maybe in 10 years everyone wants them both. But these years i don't think so many countries
doesn't accept the coin in each store only several countries does.
But maybe in 10 years we will see.

If you want to use it only for buying also bitcoin has more application than gold but for stable investment gold is better case.

Yes and also depends on an individual how fast he wants to earn profits, if he can afford to wait then gold is the best option but if he wants to make it quick then bitcoin is the best.

expert4knowledge

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Quote from: rektDude on May 03, 2016, 08:46:20 AM

Quote from: roslinpl on March 09, 2014, 07:03:34 PM

Quote from: bitjoint on March 09, 2014, 01:23:19 PM

Both

Both is right answer for sure.

if we talk about 10 years.

Kind regards. ♥ BTC

yeah maybe in 10 years everyone wants them both. But these years i don't think so many countries
doesn't accept the coin in each store only several countries does.
But maybe in 10 years we will see.

If you want to use it only for buying also bitcoin has more application than gold but for stable investment gold is better case.

rektDude

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Quote from: roslinpl on March 09, 2014, 07:03:34 PM

Quote from: bitjoint on March 09, 2014, 01:23:19 PM

Both

Both is right answer for sure.

if we talk about 10 years.

Kind regards. ♥ BTC

yeah maybe in 10 years everyone wants them both. But these years i don't think so many countries
doesn't accept the coin in each store only several countries does.
But maybe in 10 years we will see.

rekinthis

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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.

yes, bitcoin is still "fresh" but it's not bad thing to invest to, gold don't have events like halving, so bitcoin can give lots of fast profit if you buy them at right moment

and gold is a bit more stable that's why everybody likes it, people usually don't like unpredictable things like bitcoins, they are afraid of it, so both, bitcoin and gold is pretty good

Shibashi Dogemoto

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Quote from: goinmerry on May 03, 2016, 08:22:06 AM

Quote from: ?? on ??

Quote from: Lokfar on May 02, 2016, 09:52:20 AM

As you can see now you see that Bitcoin is getting more popular and that is because the currency is also getting more acceptable and more used so that is quite nice.
But the only thing that have to change is the value because that must rise up soon.

Yeah bitcoin is better than gold for us that uses bitcoin but for those who doesn't know about bitcoin.
They will choose gold between them. Gold is precious, well all know it and it has a high value the longer it is the higher value it becomes.

Gold have been precious for a longer time that is why it is easy to get hooked to it. Bitcoin is still young and many more years to go to get the level of where gold it. I want gold also but it is not that easy to get unlike bitcoin.

Gold has kept its shine constant since its inception and it will never loose its shine in future too, bitcoin will need some more time to reach to the level of gold.

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