Bitcoin or gold? - page 432. | Bitcointalksearch.org

Sandroxa

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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.

rektDude

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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.

defiantly not only for gambling or trading why would you say that.
there are several ways to use the coin not just only for that.

davinchi

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Quote from: bryant.coleman on April 30, 2016, 02:39:39 PM

Quote from: defined on April 30, 2016, 04:21:12 AM

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

You can't compare shares directly with gold or cash, because there were very few stocks in 1900, and almost none of the stocks of that era are being traded now. That said, you can make a comparison between gold and USD. Check this graph:

http://www.nma.org/pdf/gold/his_gold_prices.pdf

In 1900, gold was worth $18.96 per Oz. Right now, it is worth some $1,294 per Oz. That represents an increase of 6,725% in value, in terms of USD.

The purchasing power of USD has declined by 97% since 1900 (almost 33 times). On the other hand, the purchasing power of gold has increased by 105% (more than two times).

Agree with you in that matter only if someone want to save his money and want them the same as they are and cannot take any risk, but if someone want to benefit from his money and can fight any risk then they should have to adopt bitcoin.

dsyahputera

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Quote from: ArticMine on March 09, 2014, 07:29:56 PM

Quote from: tkbx on March 09, 2014, 02:21:54 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?

I think it would be different of the case bitcoin vs gold. Bitcoin doesn’t has a physical value since Bitcoin is digital. The ‘physical’ form of Bitcoin such as paper wallet is like bank note which doesn’t has physical value of it, and the nominal value of bank note is to represent gold value it has.

bryant.coleman

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Quote from: Etaren on May 02, 2016, 04:01:45 AM

You cant use Gold in the future and that is the problem because you cant pay with it in the future so that would be bad.

Care to give some proof to support your wild claims? Gold has been in use for the past thousands of years. And it will be in use for the next few thousand years as well. What makes you think that gold will lose its value? All I can see is more and more central banks accumulating gold reserves (Russia, China.etc), and more importantly, they are dumping their United States treasury bonds in order to purchase gold.

goldcoinminer

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Quote from: Etaren on May 02, 2016, 04:01:45 AM

As you can see now you see that Bitcoin is getting more popular and that is because the world is getting also more digital and that is quite nice for the world because it is also getting more modern so that is nice.
You cant use Gold in the future and that is the problem because you cant pay with it in the future so that would be bad.

That's true, the true value of gold was for wants, bitcoin is for necessity if you have bitcoin you can do everything, like you can travel all around the world, eat in good restaurant, and of course you can gamble a lot. In the future bitcoin price will soar because of its popularity so it is better to save now.

Etaren

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As you can see now you see that Bitcoin is getting more popular and that is because the world is getting also more digital and that is quite nice for the world because it is also getting more modern so that is nice.
You cant use Gold in the future and that is the problem because you cant pay with it in the future so that would be bad.

rektDude

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why do you want to use a coin that's based on your pc if there's real money(gold).
so in my opinion the best manner to pay something is with gold.

BitLoans

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for long term investment, i prefer gold over bitcoin
Gold has proven to be an investment for years, and and the value of gold has always been able to keep abreast of inflation during this time
here in the east, gold is always become number one choice in investment portfolio
bitcoin prices have dropped more than 50% since last year Sad that's why only few people invest their wealth on bitcoin (for long term investment)
but for transaction, trading (and speculating), i'm sure i'll choose bitcoin Cheesy

vero

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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

yes because gold was not a means of payment but when you give gold as collateral of your loan to any company, I'm sure your loan application will be accepted.

avw1982

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Quote from: trinaldao on May 01, 2016, 10:01:54 PM

In fact gold is very expemsive too and gold is very rare all peopl love it. and i think invest at gold is right.

Gold is all time great thing but now Bitcoin is also going in this field with good and solid way hope this will be popular as gold in near Future...

bryant.coleman

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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.

trinaldao

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Post your ann & bounty just contact me

In fact gold is very expemsive too and gold is very rare all peopl love it. and i think invest at gold is right.

1Referee

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Quote from: btcjoin14 on May 01, 2016, 05:35:34 PM

Bitcoins are valuable in their own way. IMHO Bitcoins are undervalued right now. my choose is Bitcoins

Bitcoin at this point isn't undervaluet at all. The price is just about right for the time and market situation we are currently in. If the price was sitting somewhere around $300-$350 then I would understand people saying Bitcoin is quite undervalued, but not at todays price.

btcjoin14

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Bitcoins are valuable in their own way. IMHO Bitcoins are undervalued right now. my choose is Bitcoins

wuvdoll

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Quote from: ajun96 on April 30, 2016, 05:10:50 AM

Quote from: AndySt on April 29, 2016, 06:32:01 PM

Quote from: tn211 on April 29, 2016, 05:22:52 PM

Gold can be good but I think the bitcoin is better because the fact is that with the bitcoin you can make money(profit) and you can spend it, you cannot just spend gold in a store so that is why I think the bitcoin has a advantage.

I do not doubt the prospects for bitcoin but for gold there are millennia of human history so I still prefer gold.

so what if gold has a long life? whether it can give you a guarantee for a big profit? I know bitcoin is still too young . but the potential of bitcoin can not be doubted dude ? and you know it.
why not choose bitcoin which gives you many advantages? what you're going to choose in the safe zone?

Yes, you are true that gold will be remain at its price for long time but is its benefit? It do not have any benefit for us and bitcoin has a potential to double up in the coming future and we have to believe on bitcoin as now its future is seeming successful.

expert4knowledge

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Quote from: Thresh on May 01, 2016, 02:34:48 PM

as of now Gold is better than Bitcoin. Because not all companies recognized bitcoins at the moment.

I am not sure that if bitcoin is better or gold and it depends how you consider them. Bitcoin is good as venture capital investment and gold is more stable investment.

markj113

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good luck cashing out 1mil the other end when you get where your going Wink

STT

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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

Thresh

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as of now Gold is better than Bitcoin. Because not all companies recognized bitcoins at the moment.

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