Bitcoin or gold? - page 431. | Bitcointalksearch.org

goinmerry

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Quote from: Lokfar on May 02, 2016, 10:52:20 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.

CoinSiteDesigner

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Quote from: stromma44 on May 03, 2016, 06:10:54 AM

Majority of my investment will go in gold and some part of it will invest in bitcoin as bitcoin can give us good returns in short term even with a small investment if price reaches to the moon in future.

I agree with you, that's a smart plan.

If I have to invest, I'll invest most of it in gold as it is physical and bitcoin, I'm not sure if I'm going invest much into it. But yeah, I'll hold the bitcoin that I already have.

Mumbeeptind1963

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Sovryn - Brings DeFi to Bitcoin

Quote from: stromma44 on May 03, 2016, 06:10:54 AM

Majority of my investment will go in gold and some part of it will invest in bitcoin as bitcoin can give us good returns in short term even with a small investment if price reaches to the moon in future.

For me my majority of my investment will go in bitcoin because this coin has a big future in the future. Because bitcoin can helped many people to earned money here like me. In gold you need to dig the ground so that you can gain money. The bitcoin you just sit their and try the many ways of earning you can earn easily.

stromma44

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Majority of my investment will go in gold and some part of it will invest in bitcoin as bitcoin can give us good returns in short term even with a small investment if price reaches to the moon in future.

TPTB_need_war

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Quote from: TPTB_need_war on May 03, 2016, 04:47:33 AM

But gold has a utility that crypto-currency doesn't have, which is that it can't disappear due to the centralization inherent in profitable mining of proof-of-work or the centralization inherent in any proof-of-stake variant (don't make me justify this statement as we've discussed it ad nauseum before).

The utility of crypto-currency from a personal standpoint is much more prone to become a top-down controlled fiat.

Gold systemically doesn't solve the fiat problem, but to me 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/

Quote from: TPTB_need_war on May 03, 2016, 12:00:00 PM

Quote from: r0ach on May 03, 2016, 06:47:01 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. Rather the strong points for Bitcoin are:

1. Transportable without confiscation at airports.
2. Electronically spendable and transferable.
3. Effortlessly divisible.
4. No assay needed (cheating is mathematically impossible).

The strong points for gold are:

1. Can't fail.
2. Untraceable.
3. Eternal

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.

terman45x

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Quote from: NewInCryptoCurrency on May 03, 2016, 04:37:20 AM

Quote from: Sandroxa on May 02, 2016, 10:06:18 AM

Quote from: STT on May 01, 2016, 03:09:09 PM

Not all companies take gold as payment, I have to sell it first usually. Not sure who wins on that one but gold is more global as there is always a jeweler in every town of the world

Quote

A 1kg bar is the size of a smartphone and is worth nearly $42,000

6,974,832,536 or bitcoin market cap in gold bars would be 166,067 kilos, more then a usb stick weighs Tongue

Mostly I agree, most of us arent transporting this amount of cash on our person but a couple might want to move 1 mil and prefer the lightier option plus customs give gold more hassle

Both are a strong currency and that is nice but if you want to talk about the future than I can tell you that Bitcoin is getting more used and that is because it is digital money.
And you also see now that you can buy more online and that is perfect to use Bitcoin as your payment method.

Bitcoin will be the future and that is because you cant use gold as an online payment method and that is quite nice for the future for Bitcoin because it become more popular.
But that will takes a long time until it will happen so dont worry.

Bitcoin is getting more popular and it will gain more popularity in future when more people will start using it and investing in bitcoin would be better option at a moment as price will rise in future.

NewInCryptoCurrency

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Quote from: Sandroxa on May 02, 2016, 10:06:18 AM

Quote from: STT on May 01, 2016, 03:09:09 PM

Not all companies take gold as payment, I have to sell it first usually. Not sure who wins on that one but gold is more global as there is always a jeweler in every town of the world

Quote

A 1kg bar is the size of a smartphone and is worth nearly $42,000

6,974,832,536 or bitcoin market cap in gold bars would be 166,067 kilos, more then a usb stick weighs Tongue

Mostly I agree, most of us arent transporting this amount of cash on our person but a couple might want to move 1 mil and prefer the lightier option plus customs give gold more hassle

Both are a strong currency and that is nice but if you want to talk about the future than I can tell you that Bitcoin is getting more used and that is because it is digital money.
And you also see now that you can buy more online and that is perfect to use Bitcoin as your payment method.

Bitcoin will be the future and that is because you cant use gold as an online payment method and that is quite nice for the future for Bitcoin because it become more popular.
But that will takes a long time until it will happen so dont worry.

Karartma1

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Quote from: bryant.coleman on May 02, 2016, 01:12:26 AM

Quote from: HarryKPeters on May 01, 2016, 12:18:45 PM

Don't forget that gold is the favourite alternative investment when fiat and stock markets are going downhilll. So much even that average people depend on gold for their investment.

Some 300,000 tons of gold exist in this planet. Out of that, around 2/3rd have been mined out already. And around 60,000 tons remains in recoverable deposits, which can be exploited in the near term. The remainder is contained in remote and irrecoverable deposits. So you can say that gold is an asset which is protected against inflation, quite similar to BTC.

That is the very reason why BTC works this way, isn't it?
So far it proved itself right.

JumperX

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Quote from: bitlancr on May 02, 2016, 04:35:53 PM

Quote from: sishendaoye on May 02, 2016, 12:55:19 PM

I would go for them both because they are both profitable and you can make 2 different investment tactics for them.
One is for a long term and the other for a relative short term.

Both is also better because you can make much more profit with them both on the same time.
The only thing you should need is a good strategy and some patient.

Gold will give you stable profits over a period of time, you cannot expect instant profits from gold,but with bitcoin you have an opportunity to make quick profits.

italianobitcoin

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Forza Italia

I prefer to use gold that's because everything you want to buy is in the store, and in a store
you pay with cash you CANT buy in store with a bitcoin.
Just on the internet some shops has the method to pay with the coin.

bitlancr

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Quote from: sishendaoye on May 02, 2016, 12:55:19 PM

I would go for them both because they are both profitable and you can make 2 different investment tactics for them.
One is for a long term and the other for a relative short term.

Both is also better because you can make much more profit with them both on the same time.
The only thing you should need is a good strategy and some patient.

raphma

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Quote from: BitMaxz on May 02, 2016, 02:43:38 PM

Quote from: wikenpp on May 02, 2016, 01:23:18 PM

Quote from: sishendaoye on May 02, 2016, 12:55:19 PM

I would go for them both because they are both profitable and you can make 2 different investment tactics for them.
One is for a long term and the other for a relative short term.

I also would go for them gold but in fact they are both doing it will on a long term, compared with a short term the bitcoin is much better.
Right now I prefer the bitcoin because the profit is better.

Bitcoin price movement is fast than gold but if you really want more stable price and long term investment gold is the best until you will old and give it to your family to use.. but ofr me i will stay at bitcoin because price movement is fast and i can make fast money with bitcoin than gold..

Agreed.
As a trader, you can make profit with bitcoin going up or going down, doesnt matter.
Gold doesnt change much, so you cant do that(at least not for short term).

Basically:
Bitcoin for short term
Gold for long term.

BitMaxz

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Quote from: wikenpp on May 02, 2016, 01:23:18 PM

Quote from: sishendaoye on May 02, 2016, 12:55:19 PM

I would go for them both because they are both profitable and you can make 2 different investment tactics for them.
One is for a long term and the other for a relative short term.

I also would go for them gold but in fact they are both doing it will on a long term, compared with a short term the bitcoin is much better.
Right now I prefer the bitcoin because the profit is better.

Bitcoin price movement is fast than gold but if you really want more stable price and long term investment gold is the best until you will old and give it to your family to use.. but ofr me i will stay at bitcoin because price movement is fast and i can make fast money with bitcoin than gold..

STT

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Bitcoin is for gambling/trading volatility on steroids, not a serious long term store of wealth.

Until the standard is broken or if you have serious concerns that'll happen then yea its long term. Certainly it seems to have been designed as such, its not a coupon offer Grin

Look at the chart for dollars again, does that look smart long term to hold but people do. Billions of people all over the world hold dollars like its going to keep them in money but it wont because they wont ever stop printing more.

Why would you say bitcoin isnt long term, comparatively its superior to the world reserve currency. Most of what we lack is political and trade agreements (USA doesnt export enough so trade wont stop long term value decline) because thats what props up dollars.
Japan holds a trillion I believe but did you check what is happening to Japanese government debt recently and how they cant offer USA support any more, dollar has big problems when its friends grow weaker. Look beyond the status quo

wikenpp

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Quote from: sishendaoye on May 02, 2016, 12:55:19 PM

I would go for them both because they are both profitable and you can make 2 different investment tactics for them.
One is for a long term and the other for a relative short term.

I also would go for them gold but in fact they are both doing it will on a long term, compared with a short term the bitcoin is much better.
Right now I prefer the bitcoin because the profit is better.

richardsNY

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Quote from: sishendaoye on May 02, 2016, 12:55:19 PM

I would go for them both because they are both profitable and you can make 2 different investment tactics for them.
One is for a long term and the other for a relative short term.

Gold and Bitcoin are both great long term investments and especially Bitcoin. Bitcoin has much more room for potential growth in the coming 10 to 20 years, assuming it still exists.

sishendaoye

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I would go for them both because they are both profitable and you can make 2 different investment tactics for them.
One is for a long term and the other for a relative short term.

Lokfar

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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.

Adrorecia

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Quote from: Dalmar on March 09, 2014, 02:24:28 PM

Gold, hands down.

Bitcoin is for gambling/trading volatility on steroids, not a serious long term store of wealth.

that's exactly why so many people gamble with the coin and that make it such a dangerous thing.
they don't see how much their losing with the coin...

Bitcoinbro

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Quote from: Sandroxa on May 02, 2016, 10:06:18 AM

Quote from: STT on May 01, 2016, 03:09:09 PM

Not all companies take gold as payment, I have to sell it first usually. Not sure who wins on that one but gold is more global as there is always a jeweler in every town of the world

Quote

A 1kg bar is the size of a smartphone and is worth nearly $42,000

6,974,832,536 or bitcoin market cap in gold bars would be 166,067 kilos, more then a usb stick weighs Tongue

Mostly I agree, most of us arent transporting this amount of cash on our person but a couple might want to move 1 mil and prefer the lightier option plus customs give gold more hassle

Both are a strong currency and that is nice but if you want to talk about the future than I can tell you that Bitcoin is getting more used and that is because it is digital money.
And you also see now that you can buy more online and that is perfect to use Bitcoin as your payment method.

Indeed, you are right about this because the bitcoin will become bigger for sure it has a much better future compared with the gold.
The gold is just such a good currency, I really have no doubts about that but I think this is gonna change.

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