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
Topic: Bitcoin or gold? - page 495. (Read 984460 times)
long term, I will choose gold. Why? gold is real and it is valuable while bitcoins are just numbers on computer network 
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.
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.
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.
Bitcoin is a disruptive technological protocol in its infancy.
The same allegation was made regarding every single technological innovation since the 1950s. Even when the internet became popular in the late 1980s and the early 1990s, we were hearing the same accusations. Ordinary people usually distrust something, which has the potential to fundamentally alter the way of life which they are used to.
BTC, absolutely.
GoLd is relativey stable and has had centuries (millennia?) to establish its relative value in the world.
Bitcoin is a disruptive technological protocol in its infancy. It is still in the process of price discovery and as additional layers of interface are added on top of the protocol, the difference will be equivalent to the difference between the internet today and the internet in the 1980's. It is impossible to predict what bitcoin will be like in 10 years, but I expect it will be exponentially more useful (and as such, exponentially more valuable) by then.
regards
lama-hunter
GoLd is relativey stable and has had centuries (millennia?) to establish its relative value in the world.
Bitcoin is a disruptive technological protocol in its infancy. It is still in the process of price discovery and as additional layers of interface are added on top of the protocol, the difference will be equivalent to the difference between the internet today and the internet in the 1980's. It is impossible to predict what bitcoin will be like in 10 years, but I expect it will be exponentially more useful (and as such, exponentially more valuable) by then.
regards
lama-hunter
long term, I will choose gold. Why? gold is real and it is valuable while bitcoins are just numbers on computer network
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.I can't agree on that because bitcoin price is volatile but gold, it has a fixed price although it will not as high as bitcoin but every year gold will sure have a high trend. Moreover people tend to know gold rather than bitcoin
Even though Bitcoin is numbers more precisely called the digital currency I would choose Bitcoin over gold when it comes to investment because we all have witnessed the growth potential of Bitcoin, when compared to gold bitcoin's value increases much more than gold and also Bitcoin makes life easier when it comes to transferring of money to anyone at any part of world and it is cost effective as well, Hence I believe that people will accept Bitcoin as their future currency.
I can't agree on that because bitcoin price is volatile but gold, it has a fixed price although it will not as high as bitcoin but every year gold will sure have a high trend. Moreover people tend to know gold rather than bitcoin
You can't say that gold is a very stable currency. During the last 4 years or so, the gold vs USD exchange rate has fallen by 30% to 40%. When compared to Bitcoin, gold might seem highly stable. But when compared to the other currencies such as USD and JPY, gold is quite a bit volatile. Right now, the most stable currency in the world is the USD.
Bitcoin, to the moon or bust.
I believe in bitcoin, and I believe in gold but ultimately there is only one which I would expect any sort of considerable growth upon.
I believe in bitcoin, and I believe in gold but ultimately there is only one which I would expect any sort of considerable growth upon.
For thousands of years, gold has been the international currency, and for good reason.
long term, I will choose gold. Why? gold is real and it is valuable while bitcoins are just numbers on computer network
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.I can't agree on that because bitcoin price is volatile but gold, it has a fixed price although it will not as high as bitcoin but every year gold will sure have a high trend. Moreover people tend to know gold rather than bitcoin
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.
The next 50 years? Well.. anything can happen in the next 50 years, including these:
1. Bitcoin will be replaced with a better crypto-currency.
2. Bitcoin will become worthless due to some bug.
3. Governments will ban Bitcoin, making trade very difficult.
4. The Bitcoin foundation will remove the 21-million limit.
5. Super-computers will be able to crack all the Bitcoin wallets, and steal the coins.
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.
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.
long term, I will choose gold. Why? gold is real and it is valuable while bitcoins are just numbers on computer network
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.
long term, I will choose gold. Why? gold is real and it is valuable while bitcoins are just numbers on computer network
can you spend gold everyday everywhere ?
bitcoin is more simple than gold, also bitcoin is about future of technology
of course i will choose bitcoin
bitcoin is more simple than gold, also bitcoin is about future of technology
of course i will choose bitcoinno basically gold is even more used as a specualtion than bitcoin, bitcoin is more fungible and thus more helpful other than retaining its speculation aspect
so basically bitcoin is everything gold have plus another good aspect tied to the usage
can you spend gold everyday everywhere ?
bitcoin is more simple than gold, also bitcoin is about future of technology
of course i will choose bitcoin
bitcoin is more simple than gold, also bitcoin is about future of technology
of course i will choose bitcoinInvestments are not for spending every day and everywhere. Investments are for future price appreciation so no need to sell and buy your investments everyday. Bitcoin prices are quite dynamic and easy to buy and sell online items but we can't compare with this with gold. Gold is for long term investment purpose and during economic crisis gold is the best option to invest.
I would like to choose for Gold if its come to investment, it has more stable rate rather than bitcoin,
unlike the future of Bitcoin which is still big Question mark whether will be last long or maybe shut down or perhaps replace by other coin,
gold has been proven has solid ground againts the inflation rate and even survive through global crisis
unlike the future of Bitcoin which is still big Question mark whether will be last long or maybe shut down or perhaps replace by other coin,
gold has been proven has solid ground againts the inflation rate and even survive through global crisis
can you spend gold everyday everywhere ?
bitcoin is more simple than gold, also bitcoin is about future of technology
of course i will choose bitcoin
bitcoin is more simple than gold, also bitcoin is about future of technology
of course i will choose bitcoin It depends on the interest or profit you are aiming to make, if it's a low risk investment and with low profit then investing in real estate and gold (although it's too unpredictable now) may be the one to choose, if it's a small high risk high profit investment then bitcoin or stocks are the ones to go for.
Yes by considering the ROI, I have made my investigates in bitcoin but not completely ignored gold. I have divided my investment amount into 70% and 30$ among bitcoin and gold portfolios. I believe in bitcoin which will double my investments in 10 times shorter period than gold.
It depends on the interest or profit you are aiming to make, if it's a low risk investment and with low profit then investing in real estate and gold (although it's too unpredictable now) may be the one to choose, if it's a small high risk high profit investment then bitcoin or stocks are the ones to go for.
Ok but even if gold gets to 600$ which many people frecast ,its not a good ROI, while bitcoin reaching 6000$ would be a much higher ROI %, and its more probable due to smaller market cap.
Gold will obviously don't reach 100,000 $ or higher, because it already has a huge market cap, if if it does, then you bet the USD is under hyperinflation, at which 1 BTC will be likely to be 1 trillion $.
Gold will obviously don't reach 100,000 $ or higher, because it already has a huge market cap, if if it does, then you bet the USD is under hyperinflation, at which 1 BTC will be likely to be 1 trillion $.
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