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Topic: Bitcoin or gold? - page 512. (Read 984547 times)

newbie
Activity: 56
Merit: 0
October 07, 2015, 11:54:48 PM
Well actually gold is overvalued due to manipulation and jewelry. If people did not like gold jewelry it would start going down. I guess one of the real usages are in electronics.
I'd actually buy more Bitcoin that gold if I was investing. I'd buy both, but Bitcoin has potential to rise much higher than gold does.
klf
legendary
Activity: 1344
Merit: 1000
October 07, 2015, 09:59:56 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.

Yes I also choose gold because gold has proven over many decades gold is giving good returns over the time so it quite safe to invest in gold if one do not want to take more risks. However gold also has a risk but compared to bitcoins the prices will not fluctuate so much
hero member
Activity: 518
Merit: 500
October 07, 2015, 09:48:20 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.

If I had to choose between the two I would put my money on bitcoin because gold has pretty much solidified it's place in the market so I doubt it would be fundamentally different in 10-years. I'm young enough to recover from any loss I experience, but the profits could be extraordinary.
full member
Activity: 168
Merit: 100
October 07, 2015, 09:39:04 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 choose bitcoin because it is not to expensive and the value of it will rise in the future although gold is a good investment for the future.
full member
Activity: 168
Merit: 100
October 07, 2015, 09:05:16 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.
full member
Activity: 167
Merit: 100
October 07, 2015, 08:19:16 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 choose bitcoin because its safe to carry around whereas gold you can bring it anywhere should have a safe place to keep it away from thieves and all.
full member
Activity: 154
Merit: 100
October 07, 2015, 07:28:53 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 definitely choose bitcoins because they may have the same value with gold but it is less expensive.
full member
Activity: 168
Merit: 100
October 07, 2015, 06:59:24 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.

Gold is very established for the past centuries and has a lot of factories and manufacturers today.
But the thing is gold is pretty pricey and not everyone can purchase it so better choose bitcoins.
newbie
Activity: 7
Merit: 0
October 07, 2015, 03:39:11 PM
GOLD all the wayyyy
hero member
Activity: 994
Merit: 500
October 07, 2015, 03:13:20 PM
Gold has the popularity much more than bitcoin.
It is being used in every sphere of our lives like Gold in Electronics(in Computers)
In Olympic awards, and mostly it is used in jewelry which makes it more popular that bitcoin, so gold is much more perspective than bitcoin to invest in.
sr. member
Activity: 344
Merit: 250
October 07, 2015, 02:29:18 PM
I think gold is better than Bitcoin. Entire world is using and investing in gold from the ages but bitcoin is limited to the group of people only. its difficult to deal in bitcoin for your daily transactions as its not accepted universally. On other hand people have more trust on gold as anyone can buy, sell the gold easily. Credibility of bitcoin is less as compared to gold, so go for gold.
sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
October 02, 2015, 01:45:55 AM
Firstly 10 to 20 years time is not short term but it is already very long term. May I know according to you what is the long term period?

i think long term is 30-40years
10-20 is short-midle range
hero member
Activity: 910
Merit: 1000
October 02, 2015, 01:16:37 AM
i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

what your goal? when you will sell your bitcoin Smiley
Bitcoin is good for Short investmen 10-20 year not for long like Gold,

Firstly 10 to 20 years time is not short term but it is already very long term. May I know according to you what is the long term period?

i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

what your goal? when you will sell your bitcoin Smiley
Bitcoin is good for Short investmen 10-20 year not for long like Gold,

Gold doesn't seem to be a very good long term investment. It mostly just serves as a hedge against inflation long term, whereas stocks return more because they're based on profit production of the underlying businesses.

basically stock is profit from company,
if the company go bankrupt you lose your money, but gold is precious objects you never get lose your money

If one want to make a some profits from the investments then they have to take some investment risks otherwise their money will not grow much. Yes gold is used as a hedge against inflation and in the long run you can make good profits.
sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
October 02, 2015, 01:01:01 AM
i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

what your goal? when you will sell your bitcoin Smiley
Bitcoin is good for Short investmen 10-20 year not for long like Gold,

Gold doesn't seem to be a very good long term investment. It mostly just serves as a hedge against inflation long term, whereas stocks return more because they're based on profit production of the underlying businesses.

basically stock is profit from company,
if the company go bankrupt you lose your money, but gold is precious objects you never get lose your money
legendary
Activity: 2016
Merit: 1115
October 02, 2015, 12:01:58 AM
i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

what your goal? when you will sell your bitcoin Smiley
Bitcoin is good for Short investmen 10-20 year not for long like Gold,

Gold doesn't seem to be a very good long term investment. It mostly just serves as a hedge against inflation long term, whereas stocks return more because they're based on profit production of the underlying businesses.

To clarify: gold maintains value, stocks produce value. Depending on your investment objectives, gold may or may not be a suitable "investment," but for my liking, I'll take assets that produce income, and gold doesn't do that.
legendary
Activity: 2016
Merit: 1115
October 01, 2015, 11:18:56 PM
i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

what your goal? when you will sell your bitcoin Smiley
Bitcoin is good for Short investmen 10-20 year not for long like Gold,

Gold doesn't seem to be a very good long term investment. It mostly just serves as a hedge against inflation long term, whereas stocks return more because they're based on profit production of the underlying businesses.
sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
October 01, 2015, 11:08:51 PM
i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

what your goal? when you will sell your bitcoin Smiley
Bitcoin is good for Short investmen 10-20 year not for long like Gold,
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
October 01, 2015, 03:27:22 PM


In short, your main problem is that you don't understand how things actually work at their simplest level. Without this understanding, you are bound to think up insane concepts (which I call mental chimeras) that are completely detached (or, rather, dispatched) from reality, and, at the same time, get stuck with this (or that) "phenomena thing". I remember you coming up with a theory of "downward volatility" based on halving the standard deviation (or something to that tune) without having even the faintest idea of what is deviation (and pretending it hadn't been your "brainchild" at all, wtf)...

Your mental efforts and labors are totally transparent. They are not worth wasting time
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
October 01, 2015, 02:35:26 PM
Then I still dont understand what is your problem with oligarchic distribution?  You said morality doesnt count here or its less relevant.

So by analyzing it economically, oligarchy has absolutely no drawndown on itself. Now the oligarchs can be corrupt, that is another thing

It has. And specifically (as I said) in respect to Bitcoin. And, as I also said, unless you come to understand why exactly it does not have a negative impact on gold, you won't be able to understand why it does on Bitcoin...

You argument is most likely a poor socialist excuse, that has no economic basis.

I see where you aim at, but no, my point has nothing to do with that. In fact, it is purely capitalistic in its premises
sr. member
Activity: 406
Merit: 250
October 01, 2015, 02:29:52 PM
i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future
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