Topic: Bitcoin or gold? - page 505. (Read 984460 times)

I probably can wait forever besides I don't have gold to keep.  I would have to keep my 9-5 job and do something else. But I doubt it will be useless in the future. While its a possibility, I don't put all my eggs in one basket. I have two hanging everywhere i go.

Gold, just as bitcoin, is sound money and could rise spectacularly if people start wanting to save in gold.

Both of this option is good. But i personally choose BTC than gold.
Maybe because i still make investment in small money.

Very good. These data are very known by everyone which follow bitcoin. No one can deny that bitcoin is volatile.

But with my charts and with my words i wanted to tell that this year bitcoin was almost stable (new thing for it) while the price of gold (not only for the last year but for about four year and half) is decreasing. Those are the LAST data for both the subjects. And are the ANSWER of the post quoted by me. The author of post has very different (wrong) knowledge abut those (LAST) data. My intention was to show (with data) that he has erroneous knowledges. So my answer have as principal aim to give the ANSWER to the quoted post.

Then, as for the volatility (which is shown during the years 2013-2015) and the tendency of decrease of price during these years of bitcoin these are very known things for everyone which follow bitcoin. Maybe these data had in mind even the author the post quoted by me. But let make a little interpretation.

We have in one hand the price of gold which decreased in the last 4 years and half (so no change of tendency during all this period) and on the other hand the price of bitcoin which is volatile with tendency decreasing (we all know the reason of the decrease - MtGox has pumping artificially the price during its activity) during 2013-2015 and as a new thing the almost stability of this price during all the 2015. Which is the thing which must be underlined according to you? Maybe all this, can told you. I thought not because the first period of bitcoin is well known and don't offer nothing new. Even for the poster. With to much probability it was this period which made possible his thoughts about the volatility of bitcoin. While the almost stability of the bitcoin price it could (must) be new for him. This is needed to give. And that I gave.

Now show the bitcoin all time high price compared to todays price for comparison like you did for gold -

How much time are you going to wait? What if the Bitcoin price remains low for 5 years? What will you do, if the time period is 25 years? What if it remains at sub-$100 levels for 50 years? Also, there is a very small, but real possibility that the Bitcoin can become worthless. In such a situation, what will be your reaction?

I go for Bitcoin 
I can't walk around bringing Gold bars with me while I can just travel lightly from here to anywhere, withdraw cash through ATM and buy what I need. If for instance BTC price is going down then I guess I have to wait till it bounce back.

I think you need to rethink your data and opinion about the price of gold and the price and volatility of bitcoin in time. Below are the charts of price of bitcoin this year (which as you can see is almost stable) and the price of gold the last 5 years (which is decreased the last four years and half). It is not the first time that I give these charts but I see again and again people not informed. So needed to publish those again.

Bitcoin:




Gold:

Seems like a lot of people keep posting statements and facts about gold even though they have never owned any or have a clue how buying/selling works.

Well I mean, going along with what you said, with bitcoins it's an instant buy as well... with Gold it would take probably a week or so to have it shipped to your house and everything.  It just depends on what exchange sites you use, to get bitcoin at the price you want and instantly use it.  The good thing about bitcoin exchanges, is when you purchase bitcoins at a certain price, and don't have the benefit of getting bitcoins in instantly.. is that the price you paid for doesn't do anything.  So while this increase in price keeps going up, the price you paid for still stands... it's just annoying to wait for so long to get your bitcoins in though.

Says the person using using an electronic device containing gold.

Suggest you do so more homework before posting nonsense.

I will always go with Bitcoin. Similar to bitcoin gold is also limited, so you also cannot predict it's price after 10 years (maybe it'll take more time than bitcoin to observe a drastic change). I think the demand of bitcoin is increasing day by day and will continue to increase eventually when it's reserve will near to an end! Moreover, gold has no value other than being used for ornamental purposes! Whereas bitcoin is a totally different case

You should definitely provided reasoning for why you think gold is better, because otherwise this thread is practically useless!
Is it the fact that it's been in practice for so long?
Is it because of it's tangible properties?

BTC is better in my opinion

Gold would be best imo

It's a fantastic selection for Long term gains but you can use Bitcoin for short term profits in smaller quantities.

true! its either grow or not. Possible maybe bitcoin can disappear or not. this is a network none of government hold this so if this site disappear whole investment you put in, it also disappear. just my 2 cents sir. I'm just looking for the negative side. To realize some people convert there whole wealth. just put some not all of it.

so we're just waiting for the time to bitcoin take over the popularity of gold,
but how long it took so that many store can accept bitcoin ?

I would say gold as it has a real value.

Exactly!
Why we need to choose if it would be much wisely to invest in both, while Bitcoin is not so strong and gold is loosing its power in front of the new technology.

As a inversor I have some gold, and I m growing my investing in Bitcoin. I believe that gold and bitcoin will grow in few months. Bitcoins also can grow more and faster, but it can go down to 220$ another time (interesting for traders).

Gold is always been a solid safe investment. Bitcoin is now a viable option