Bitcoin or gold? - page 505. | Bitcointalksearch.org

markj113

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Quote from: n2004al on October 22, 2015, 09:29:04 AM

Quote from: Raimonn on October 17, 2015, 03:35:42 AM

Gold has stability value, bitcoin its more volatile. Bitcoin needs more stability if it wants to become as popular as gold.

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:

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

bryant.coleman

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Quote from: enhu on October 22, 2015, 09:33:39 AM

If for instance BTC price is going down then I guess I have to wait till it bounce back.

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?

enhu

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I go for Bitcoin Grin

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.

n2004al

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Quote from: Raimonn on October 17, 2015, 03:35:42 AM

Gold has stability value, bitcoin its more volatile. Bitcoin needs more stability if it wants to become as popular as gold.

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:

markj113

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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.

chennan

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Quote from: Indianacoin on October 17, 2015, 11:36:56 AM

Quote from: tkbx on March 09, 2014, 01:21:54 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.

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 Wink

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.

markj113

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Quote from: Indianacoin on October 17, 2015, 11:36:56 AM

Quote from: tkbx on March 09, 2014, 01:21:54 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.

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 Wink

Says the person using using an electronic device containing gold.

Suggest you do so more homework before posting nonsense.

Indianacoin

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Quote from: tkbx on March 09, 2014, 01:21:54 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.

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 Wink

TheGr33k

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Quote from: MikeCoin on October 17, 2015, 10:21:55 AM

Gold would be best imo

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 Wink

MikeCoin

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Gold would be best imo

MinerHQ

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Quote from: confirmation120 on October 17, 2015, 08:57:06 AM

I would say gold as it has a real value.

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

MR.Seller

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Quote from: kostya.ash on October 17, 2015, 09:05:36 AM

Quote from: Supercrypt on October 17, 2015, 07:21:26 AM

Quote from: kostya.ash on October 17, 2015, 04:31:44 AM

in any aspect, perhaps it is best to bitcoin, but for now I choose to use gold in real life Because bitcoin has not been as popular as gold,
thats why in my country very rare store accepted bitcoin as a payment system

From past gold is a proven high returns investment system for years so you can easily find shops accepting gold. In future bitcoin will over perform all the gold's achievements. Then you can find many places to accept your bitcoins.

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 ?

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.

kostya.ash

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Quote from: Supercrypt on October 17, 2015, 07:21:26 AM

Quote from: kostya.ash on October 17, 2015, 04:31:44 AM

in any aspect, perhaps it is best to bitcoin, but for now I choose to use gold in real life Because bitcoin has not been as popular as gold,
thats why in my country very rare store accepted bitcoin as a payment system

From past gold is a proven high returns investment system for years so you can easily find shops accepting gold. In future bitcoin will over perform all the gold's achievements. Then you can find many places to accept your bitcoins.

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 ?

confirmation120

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I would say gold as it has a real value.

MrsHash

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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.

Raimonn

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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).

johandy

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

Supercrypt

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Quote from: kostya.ash on October 17, 2015, 04:31:44 AM

in any aspect, perhaps it is best to bitcoin, but for now I choose to use gold in real life Because bitcoin has not been as popular as gold,
thats why in my country very rare store accepted bitcoin as a payment system

From past gold is a proven high returns investment system for years so you can easily find shops accepting gold. In future bitcoin will over perform all the gold's achievements. Then you can find many places to accept your bitcoins.

TTMNewsMJ

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I will choose both of them

Amph

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Quote from: kostya.ash on October 17, 2015, 04:31:44 AM

in any aspect, perhaps it is best to bitcoin, but for now I choose to use gold in real life Because bitcoin has not been as popular as gold,
thats why in my country very rare store accepted bitcoin as a payment system

gold is not really mean to be used in real life, it's only a form of investment, while bitcoin wad made to be especially a form of payment, but also a good opportunity to speculate for the future

bitcoin has more option, gold has nothing over it, besides stability which required a very long time anyway...

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