Bitcoin or gold? - page 511. | Bitcointalksearch.org

kostya.ash

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Quote from: roadbits on October 09, 2015, 11:07:40 PM

Quote from: kostya.ash on October 09, 2015, 07:10:16 PM

Quote from: Ninjahitoko on October 09, 2015, 10:54:55 AM

This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.

yeah that is fact, bitcoin each year continues to weaken the price
in contrast to gold, which each year can go up but it can also go down
but important, price each year does not always go down

Bitcoin is still considered as new currency or commodity and do not have any solid base to decide on price but it only depends on demand and supply so its prices are quite volatile and it can move any direction quite fast. But gold has solid history of giving profits over the time and its prices will not move so fast so gold considered as better investment option for long time. I put my small portion money in bitcoin but most in gold.

yeah gold have solid history,

What do you think bitcoin could be like gold?

roadbits

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Quote from: kostya.ash on October 09, 2015, 07:10:16 PM

Quote from: Ninjahitoko on October 09, 2015, 10:54:55 AM

This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.

yeah that is fact, bitcoin each year continues to weaken the price
in contrast to gold, which each year can go up but it can also go down
but important, price each year does not always go down

Bitcoin is still considered as new currency or commodity and do not have any solid base to decide on price but it only depends on demand and supply so its prices are quite volatile and it can move any direction quite fast. But gold has solid history of giving profits over the time and its prices will not move so fast so gold considered as better investment option for long time. I put my small portion money in bitcoin but most in gold.

trinaldao

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Quote from: Exchange Email on October 09, 2015, 12:14:06 PM

Love gold, but moves slowly and im a risk taker so for me is bitcoin as it came in handy a few times without fail

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hemm bitcoin can use every where and very simple than gold

that why i love bitcoin

bitcoin can send without face2face not like gold

acroman08

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Quote from: kostya.ash on October 09, 2015, 07:10:16 PM

Quote from: Ninjahitoko on October 09, 2015, 10:54:55 AM

This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.

yeah that is fact, bitcoin each year continues to weaken the price
in contrast to gold, which each year can go up but it can also go down
but important, price each year does not always go down

That is true but every halving the reward you get on block chain will be cut in half
Thus the price of bitcoin increases. Bitcon is unstable just like any other currencies
So the decrease of price is normal.

kostya.ash

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Quote from: Ninjahitoko on October 09, 2015, 10:54:55 AM

This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.

yeah that is fact, bitcoin each year continues to weaken the price
in contrast to gold, which each year can go up but it can also go down
but important, price each year does not always go down

AlexGR

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Quote from: grospy on October 09, 2015, 11:57:12 AM

If it would be taken seriously by law firms and there would be some institution standing behind of it, there might be some progress.

The revolutionary aspect of bitcoin is that it shouldn't need an institution. Institutions can be controlled, and by extension the currency/payment system would be controlled as well.

Mickeyb

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Quote from: grospy on October 09, 2015, 11:57:12 AM

I would trust gold, because of it's legal status. Bitcoin seems quite blurry to me to make an investement on it. It's still a developing technology and in future , if it would be taken seriously by law firms and there would be some institution standing behind of it, there might be some progress. But not much, the world will keep turning the way it does no matter what you do.

You should own both of them. Gold should be your safer options, a safe haven of some kind for your finances. Gold been here for 5,000 years and I don't think it will go anyway soon.

On the other side, you should also own skme Bitcoin. This is a revolutionary technology that can change the world really for the better, and you don't want to miss on something like that, especially if you have known about it.

Exchange Email

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Love gold, but moves slowly and im a risk taker so for me is bitcoin as it came in handy a few times without fail

grospy

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I would trust gold, because of it's legal status. Bitcoin seems quite blurry to me to make an investement on it. It's still a developing technology and in future , if it would be taken seriously by law firms and there would be some institution standing behind of it, there might be some progress. But not much, the world will keep turning the way it does no matter what you do.

jt byte

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Quote from: Amph on October 09, 2015, 11:11:09 AM

Quote from: jt byte on October 09, 2015, 10:56:44 AM

Quote from: Amph on October 09, 2015, 10:50:47 AM

Quote from: markj113 on October 09, 2015, 10:37:42 AM

a £25k gold bar is the size of smart phone.

Really not that hard to hide a few of them.

what about the weight? a quick search say 1 kq, but maybe it's wrong anyway it's very heavy to carry around, not practical at all, something which can not compete with bitcoin by any mean

You are not shipping that to think about the weight.
It is small and you can hide everywhere but is it more risky than online bitcoin.
In the bitcoin world you should hide the private key (mostly in a paper) so the same situation Tongue

well no with bitcoin you can hide tons of wallet back up, in a small pen drive, which can be used with a small tablet for example

with gold you need to carry soemthing that may weight up to 3kg or more, not something with which i would be comfortable about

Practically yes, you can own millions of dollars value in a piece of paper that have you bitcoin wallet details.
You just made me to change the secret "safe case" and bring it to a pen that has USB Tongue

to store the .dat backup.
Bitcoin is heavy and the transfer (buy and sell) to others takes a lot of time comparing to bitcoin which is in few seconds.

Amph

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Quote from: jt byte on October 09, 2015, 10:56:44 AM

Quote from: Amph on October 09, 2015, 10:50:47 AM

Quote from: markj113 on October 09, 2015, 10:37:42 AM

a £25k gold bar is the size of smart phone.

Really not that hard to hide a few of them.

what about the weight? a quick search say 1 kq, but maybe it's wrong anyway it's very heavy to carry around, not practical at all, something which can not compete with bitcoin by any mean

You are not shipping that to think about the weight.
It is small and you can hide everywhere but is it more risky than online bitcoin.
In the bitcoin world you should hide the private key (mostly in a paper) so the same situation Tongue

well no with bitcoin you can hide tons of wallet back up, in a small pen drive, which can be used with a small tablet for example

with gold you need to carry something that may weight up to 3kg or more, not something with which i would be comfortable about

neochiny

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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.

I`d convert all my wealth into gold , golds value may drop in ten years but the worth of it
will not vanish. bitcoin it may rise in ten years or it may drop to the point of being worthless,
and from what i can see right now bitcoin is unstable.

jt byte

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Quote from: Amph on October 09, 2015, 10:50:47 AM

Quote from: markj113 on October 09, 2015, 10:37:42 AM

a £25k gold bar is the size of smart phone.

Really not that hard to hide a few of them.

what about the weight? a quick search say 1 kq, but maybe it's wrong anyway it's very heavy to carry around, not practical at all, something which can not compete with bitcoin by any mean

You are not shipping that to think about the weight.
It is small and you can hide everywhere but is it more risky than online bitcoin.
In the bitcoin world you should hide the private key (mostly in a paper) so the same situation Tongue

Ninjahitoko

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This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.

Amph

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Quote from: markj113 on October 09, 2015, 10:37:42 AM

a £25k gold bar is the size of smart phone.

Really not that hard to hide a few of them.

what about the weight? a quick search say 1 kg, but maybe it's wrong anyway it's very heavy to carry around, not practical at all, something which can not compete with bitcoin by any mean

markj113

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a £25k gold bar is the size of smart phone.

Really not that hard to hide a few of them.

jt byte

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Quote from: jaberwock on October 08, 2015, 03:19:35 AM

Gold has different prices for sell and to buy. You usually pay a premium when you buy and less when you sell, specially if you want to physically have the gold. Bitcoin at least there is no such gap in the sell and buy price

Quote

You cannot store gold in your apartment, thats just not feasable, your neighbors would be the first ones to rob you.

Don't let other people know you have gold maybe(I think it is feasible unless you have several kg of gold)

You can store your gold wherever you want.
It's all about if you keep it secret and try to keep it as secret as possible.
But the difference is that bitcoin can be also "physical" as a bitcoin hardware wallet so both of them require safe place.

RealBitcoin

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Quote from: jaberwock on October 08, 2015, 03:19:35 AM

Gold has different prices for sell and to buy. You usually pay a premium when you buy and less when you sell, specially if you want to physically have the gold. Bitcoin at least there is no such gap in the sell and buy price

There is but only if you buy from a merchant, if you buy from exchange then it has tiny premium

Quote from: jaberwock on October 08, 2015, 03:19:35 AM

Don't let other people know you have gold maybe(I think it is feasible unless you have several kg of gold)

Haha thats not a valid argument. From a risk/reward standpoint:

-the safety of not telling your neighbors that you have gold bars in your closet VS they finding out and stealing it is tiny

I mean the risk of losing the gold is enormous, and the safety is tiny, especially in europe where you are not even allowed to own guns.

If you buy a safe then its even higher because that raises suspicion....

If you live in a house you can hide it more easily, but in an apartment, no chance. Home invasion & robbery is inevitable if you have gold bars in your apartment.

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Quote from: Nautiluss on October 07, 2015, 10:05:16 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.

I would probably choose gold because it is already stable in the past years and risking for bitcoins is so too much of a risk.

I am not sure about the gold being stable comment - Wink

jaberwock

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Gold has different prices for sell and to buy. You usually pay a premium when you buy and less when you sell, specially if you want to physically have the gold. Bitcoin at least there is no such gap in the sell and buy price

Quote

You cannot store gold in your apartment, thats just not feasable, your neighbors would be the first ones to rob you.

Don't let other people know you have gold maybe(I think it is feasible unless you have several kg of gold)

Topic: Bitcoin or gold? - page 511. (Read 984448 times)