Bitcoin or gold? - page 494. | Bitcointalksearch.org

bryant.coleman

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Quote from: lexuz on December 06, 2015, 07:19:22 PM

I guess you like because gold have physical, right? But if you like trading you will choice btc because btc price is fluctuative and you can get profit fast . Just sharing

It can go both ways. Bitcoin can lose up to 50% of its value in a matter of few days (this has happened on multiple occasions in the past). This makes Bitcoin a very high-risk investment, preferable only to those who can afford to take such risks. With gold, the maximum expected price fluctuation can be 2% or 3% per day.

lexuz

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Quote from: MR.Seller on December 06, 2015, 11:11:40 AM

Quote from: bearex on December 03, 2015, 10:33:18 AM

Little bit of both, but since Bitcoin is not yet widely used, if i had to get only one, i would get gold.

I agree, Gold for now btc can't competent gold of course. Maybe in the future BTC can go with the level of gold o more. then in that case I'll go for BTC I wish it booms in 5 years from now ^_^

I guess you like because gold have physical, right? But if you like trading you will choice btc because btc price is fluctuative and you can get profit fast . Just sharing

HarryKPeters

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Quote from: WaterSupply on December 05, 2015, 10:44:44 AM

I would choose gold for now.

It is much more established and has a long trading history. As bitcoin is so young compared to gold it does not look that attractive especially as a long term investment. Gold is relatively stable with major people such as governments holding a lot of gold as a backup. Gold is still respected and more importantly understood by the man on the street.

Yeah, it is much more stable indeed. More people understand and accept it's value and thus gold currently is the favourite of investors.

bryant.coleman

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Quote from: thejaytiesto on December 06, 2015, 11:08:29 AM

And we only need half a trillion to drive the price to a literal moon. We have way more chances to see BTC hit a trillion dollar marketcap in the next decade than we have to make any type of life changing money by investing in gold right now. Gold market is too dense already.

Gold is having such a huge market cap, because it is accepted almost universally. But the same can't be said about the other currencies. As far as I know, there are only two fiat currencies with a circulation value (market cap) of more than $1 trillion (the Euro and the United States Dollar). It will be next to impossible for Bitcoin to reach that mark.

dragonusa9

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im choosing gold
because bitcoin is still easy to get with faucet/mining/trading/signature campaign
and to obtain bitcoin you need internet and computer/mobile phone
but gold, you must mining on earth with supercomputer and other super technology
also the gold in world is not unlimited and the price will rise from now onward

acroman08

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For short term investment like 3-6 years id go with
bitcoin, because bitcoin is still in the rise, it may take
few step back but it will eventually rise. but for long term
investment like decades and more id go with gold because
when bitcoin disappear gold still has a price.

MR.Seller

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Quote from: bearex on December 03, 2015, 10:33:18 AM

Little bit of both, but since Bitcoin is not yet widely used, if i had to get only one, i would get gold.

I agree, Gold for now btc can't competent gold of course. Maybe in the future BTC can go with the level of gold o more. then in that case I'll go for BTC I wish it booms in 5 years from now ^_^

thejaytiesto

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Quote from: bryant.coleman on December 06, 2015, 10:32:57 AM

Quote from: lixer on December 06, 2015, 05:30:18 AM

Gold is depreciating for last 3 years. But bitcoin brought 10000% return in last 3 years.

Before that depreciation in 2012-15, you should remember that gold had given 300% returns during the 2004-11 period. Regarding Bitcoin, it grew from a very small base. The total market cap of BTC rose from $2 million in 2010 to $4 billion as of now (an increase of 2,000 times), while that of gold declined from $10.4 trillion in 2012 to $6.1 trillion in 2015.

And we only need half a trillion to drive the price to a literal moon. We have way more chances to see BTC hit a trillion dollar marketcap in the next decade than we have to make any type of life changing money by investing in gold right now. Gold market is too dense already.

bryant.coleman

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Quote from: lixer on December 06, 2015, 05:30:18 AM

Gold is depreciating for last 3 years. But bitcoin brought 10000% return in last 3 years.

Before that depreciation in 2012-15, you should remember that gold had given 300% returns during the 2004-11 period. Regarding Bitcoin, it grew from a very small base. The total market cap of BTC rose from $2 million in 2010 to $4 billion as of now (an increase of 2,000 times), while that of gold declined from $10.4 trillion in 2012 to $6.1 trillion in 2015.

Straux

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Bitcoin is risky in the long term, but can make you alot short term. Gold is basically the opposite, much more stable, and probably will go up maybe less than 1% a year. It really depends on your investment plan. All up to you. I'd personally choose bitcoin, that's what we're all here for, right?

coinplus

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Quote from: CasioK on December 06, 2015, 05:54:31 AM

Quote from: Whosdaddy on December 06, 2015, 05:37:47 AM

Quote from: bryant.coleman on December 06, 2015, 04:02:12 AM

Quote from: johnyj on December 05, 2015, 11:22:01 PM

The most important is its credibility and widely accepted by merchants all over the world. From this point of view, bitcoin's merchant acceptance is already better than gold, which require merchant to have specific tools and expertise to verify its purity

I don't know from where you are getting your data from. Do you really think that bitcoin's merchant acceptance is better than gold? Gold is accepted by hundreds of millions of merchants around the world (I'm talking about gold bullion coins / bars). On the other hand, how many merchants are accepting Bitcoin? 10,000? or 100,000?

I wonder how you are comparing the online accepting merchants of bitcoin with offline (physical) stores?
Even gold is an international recognized medium of exchange, but not widely used by people for their daily needs even after 3000 years of practicing.
Bitcoin is with 10M people for daily spending as well as for long term investment within 6 years.

Gold is old and outdated in my perspective if I consider the medium of exchange for today's smart life.
I need a exchange medium in my phone and in my laptop. How compatible is gold with my requirements? Gold can not compete with bitcoin in value appreciations in upcoming days. Gold era is gone. Welcome to bitcoin era.....

Yes bitcoin is the future in every where. It will replace gold, fiats, Paypal kind of online money transfers, western union kind of physical transfers and virtual cards for online transactions.
Gold always comes with high fees (making charges and taxes)whereas bitcoin has very less fees for transactions.

CasioK

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Quote from: Whosdaddy on December 06, 2015, 05:37:47 AM

Quote from: bryant.coleman on December 06, 2015, 04:02:12 AM

Quote from: johnyj on December 05, 2015, 11:22:01 PM

The most important is its credibility and widely accepted by merchants all over the world. From this point of view, bitcoin's merchant acceptance is already better than gold, which require merchant to have specific tools and expertise to verify its purity

I don't know from where you are getting your data from. Do you really think that bitcoin's merchant acceptance is better than gold? Gold is accepted by hundreds of millions of merchants around the world (I'm talking about gold bullion coins / bars). On the other hand, how many merchants are accepting Bitcoin? 10,000? or 100,000?

I wonder how you are comparing the online accepting merchants of bitcoin with offline (physical) stores?
Even gold is an international recognized medium of exchange, but not widely used by people for their daily needs even after 3000 years of practicing.
Bitcoin is with 10M people for daily spending as well as for long term investment within 6 years.

Gold is old and outdated in my perspective if I consider the medium of exchange for today's smart life.
I need a exchange medium in my phone and in my laptop. How compatible is gold with my requirements? Gold can not compete with bitcoin in value appreciations in upcoming days. Gold era is gone. Welcome to bitcoin era.....

davinchi

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Quote from: Whosdaddy on December 06, 2015, 05:37:47 AM

Quote from: bryant.coleman on December 06, 2015, 04:02:12 AM

Quote from: johnyj on December 05, 2015, 11:22:01 PM

The most important is its credibility and widely accepted by merchants all over the world. From this point of view, bitcoin's merchant acceptance is already better than gold, which require merchant to have specific tools and expertise to verify its purity

I don't know from where you are getting your data from. Do you really think that bitcoin's merchant acceptance is better than gold? Gold is accepted by hundreds of millions of merchants around the world (I'm talking about gold bullion coins / bars). On the other hand, how many merchants are accepting Bitcoin? 10,000? or 100,000?

I wonder how you are comparing the online accepting merchants of bitcoin with offline (physical) stores?
Even gold is an international recognized medium of exchange, but not widely used by people for their daily needs even after 3000 years of practicing.
Bitcoin is with 10M people for daily spending as well as for long term investment within 6 years.

Because gold is not meant for daily usage in modern economy. It's only for high volume transactions.
But bitcoin is for any kind of volume. I believe bitcoin will replace gold as internal medium of exchange. Bitcoin is termed as gold 2.0, so it has all the qualities of gold along with modern requirement's solutions and enhancements.

Whosdaddy

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Quote from: bryant.coleman on December 06, 2015, 04:02:12 AM

Quote from: johnyj on December 05, 2015, 11:22:01 PM

The most important is its credibility and widely accepted by merchants all over the world. From this point of view, bitcoin's merchant acceptance is already better than gold, which require merchant to have specific tools and expertise to verify its purity

I don't know from where you are getting your data from. Do you really think that bitcoin's merchant acceptance is better than gold? Gold is accepted by hundreds of millions of merchants around the world (I'm talking about gold bullion coins / bars). On the other hand, how many merchants are accepting Bitcoin? 10,000? or 100,000?

I wonder how you are comparing the online accepting merchants of bitcoin with offline (physical) stores?
Even gold is an international recognized medium of exchange, but not widely used by people for their daily needs even after 3000 years of practicing.
Bitcoin is with 10M people for daily spending as well as for long term investment within 6 years.

adicted

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Bitcoin of course.

There are many reasons why I choose bitcoins over gold but I'll just state few (I'm lazy to list them all). I can see a better future with bitcoin, though I know gold was well established for hundreds (or maybe thousands) of years. I also find bitcoins more convenient than gold and more secure. Holding gold here on our place will be quite risky cuz we will be most likely the target of criminals once they know you got gold (people here will assume gold holders were rich). Unlike bitcoins, criminals here won't be interested since they were uneducated Cheesy

lixer

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Quote from: bryant.coleman on December 06, 2015, 04:02:12 AM

Quote from: johnyj on December 05, 2015, 11:22:01 PM

The most important is its credibility and widely accepted by merchants all over the world. From this point of view, bitcoin's merchant acceptance is already better than gold, which require merchant to have specific tools and expertise to verify its purity

I don't know from where you are getting your data from. Do you really think that bitcoin's merchant acceptance is better than gold? Gold is accepted by hundreds of millions of merchants around the world (I'm talking about gold bullion coins / bars). On the other hand, how many merchants are accepting Bitcoin? 10,000? or 100,000?

No. I could not find gold accepting merchant online for my daily needs. All the above, gold is most suited for physical transactions. But bitcoin is meant for online usage.
Gold is depreciating for last 3 years. But bitcoin brought 10000% return in last 3 years.

bryant.coleman

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Quote from: johnyj on December 05, 2015, 11:22:01 PM

The most important is its credibility and widely accepted by merchants all over the world. From this point of view, bitcoin's merchant acceptance is already better than gold, which require merchant to have specific tools and expertise to verify its purity

I don't know from where you are getting your data from. Do you really think that bitcoin's merchant acceptance is better than gold? Gold is accepted by hundreds of millions of merchants around the world (I'm talking about gold bullion coins / bars). On the other hand, how many merchants are accepting Bitcoin? 10,000? or 100,000?

johnyj

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The most important is its credibility and widely accepted by merchants all over the world. From this point of view, bitcoin's merchant acceptance is already better than gold, which require merchant to have specific tools and expertise to verify its purity

In fact from a higher level of abstraction, all the assets like gold, land, stocks, bonds, goodwill, their value all lies in people's demand for those things. But the biggest demand of human is money, since money can indirectly satisfy any other kind of demand. And bitcoin being a money with limited and shrinking total supply, long term anti-inflation, rising acceptance level, will just attract more and more users

zodiac3011

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Quote from: cluit on December 05, 2015, 10:44:39 AM

Quote from: zodiac3011 on December 05, 2015, 10:38:02 AM

long term, I will choose gold. Why? gold is real and it is valuable while bitcoins are just numbers on computer network Tongue

For both long term investments as well as short term investments I prefer to go with bitcoin as it has huge level of potential of returns up to next 50 years. So, I believe bitcoin must be a better choice over gold to pick now.

what if there are some EMP attack that crash the whole internet system? then bitcoin is worthless or even non-existent while gold does not? People love something physical. Technology thing can be wiped out, stolen quite easy

The Sceptical Chymist

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Top Crypto Casino

This is a tough one, and I wish you'd included the stock market in this.

I don't own any gold, but I do own some silver, so that counts. The advantage of precious metals to me over crypto is that you can hold the stuff in your hand, and with coins and so forth there's a bit of beauty as well. I sometimes like looking at my silver coins and admiring the toning. You can't do that with bitcoin.

With crypto, I like how coins have the kind of stock market volatility to them that makes price watching fun. Precious metals have been in a 4 year slide and counting. Crypto is also a currency, so it's easy to get rid of it quickly.

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