Bitcoin or gold? - page 526. | Bitcointalksearch.org

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Quote from: RealBitcoin on July 23, 2015, 02:36:05 PM

Quote from: zenitzz on July 23, 2015, 01:09:35 PM

Gold has always been used as legal tender since it was first discovered in ancient times, of course i'm pick gold for investment.

Actually it was not, back in the imperial ages of ancient times, they were only allowed to use the special minted coins issued by the kings, and no other forms of coins.

I heard stories that people were forbidden for example to use the enemy county's gold coins, even though they were both gold, just for political reasons.

You obviously forget that you can always melt gold coins into bullion. Don't know about "the imperial ages of ancient times" (Ancient Rome?), but in medieval Europe you would go to the royal mint and they would mint legal coins from your bullion for a small fee...

Miracal

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Quote from: katerniko1 on August 08, 2015, 09:09:58 PM

wooooooow 10 years :O thats looong time it would be probably safer to invest in gold becuse its having loong time with price keep rising and btc is pretty new and who knows what will happen to it in 10 Years thats too much time to invest in such a new inovation like btc but if you said like 1 year i would say btc

regards.
-Katerniko1

I would rather invest in gold if it was asked for a short term, although the gold market is falling, I think its still not a bad time to make a quick buck off of gold. As per bitcoins, I don't know what will happen after 10 years, but I'd take a bet and choose bitcoins because I see more potential in bitcoins than any other investment, let alone gold

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wooooooow 10 years :O thats looong time it would be probably safer to invest in gold becuse its having loong time with price keep rising and btc is pretty new and who knows what will happen to it in 10 Years thats too much time to invest in such a new inovation like btc but if you said like 1 year i would say btc

regards.
-Katerniko1

kostya.ash

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for now I prefer gold, maybe a few more years I will choose bitcoin

HarHarHar9965

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Quote from: bitcoinmar on August 08, 2015, 05:23:15 PM

Quote from: richardsNY on August 08, 2015, 05:20:44 PM

I will take 50% of both as that will give you a well balanced investment. Especially with so much troubles in Europe and elsewhere. People are looking for ways to store their value elsewhere instead of banks.

50% of both is not good option better invest in some other ways also like property and stock exchange its give you good return or your investment

If there is any option ever to diversify your investments and possibly 2 of them being bitcoints and gold, shut up and take it. Its the most profitable deal in the long term, you need to look at it from a broader perspective. One's losing potential while one rapidly gains it, bitcoin and gold make the best pair for an investment deal. Both markets are running differently and there's a lot going on. A lot going on is a good thing, in markets.

tonycamp

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as a story says the eggs cant be putted all into one basket so its gold bitcoin and fiat too more the need into the county still so its fiat

bitcoinmar

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Quote from: richardsNY on August 08, 2015, 05:20:44 PM

I will take 50% of both as that will give you a well balanced investment. Especially with so much troubles in Europe and elsewhere. People are looking for ways to store their value elsewhere instead of banks.

50% of both is not good option better invest in some other ways also like property and stock exchange its give you good return or your investment

richardsNY

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I will take 50% of both as that will give you a well balanced investment. Especially with so much troubles in Europe and elsewhere. People are looking for ways to store their value elsewhere instead of banks.

Mickeyb

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Move On !!!!!!

Quote from: lahm-44 on August 07, 2015, 08:58:58 PM

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 choose gold as because I can't trust bitcoin for that much long run because its not stable so no one can say when its price can be crashed

Well this volatility will change as well as Bitcoin grows, we just need to give it time.
Yes, your money might be safer in gold at the moment but where gold is headed in the near future, you will even lose money on it.

With Bitcoin on the other hand potential to make it big is much bigger than with gold. Of course, there is always other side that you can lose a lot with Bitcoin.

Miracal

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Quote from: HarHarHar9965 on August 08, 2015, 12:01:32 AM

Yes, recently Australia has been displaying heavy affection towards bitcoins, the government talking about btc positively and even fixing rules and regulations which were not in favor of bitcoin. Either they are very attracted to the block-chain technology or they actually love bitcoin, there are so many services related to cryptocurrency and they are all Australia-based. So cool!

yes indeed , if i'm not wrong block-chain technology has done good for the banks (not sure where I read it before) so that could be one reason and the other is their open minded enough to see the true potential bitcoin could bring to them and perhaps thats why their investing good on it and are using bitcoin in many services

The only reason banks are even caring to talk about bitcoin is solely because of its blockchain technology, they have nothing to say or do about bitcoin being a potential better currency, they really do not care about bitcoin or its other features, they specifically are scared about the power and security risk of it, because of decentralization.

umair01

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Quote from: lahm-44 on August 07, 2015, 08:58:58 PM

I will choose gold as because I can't trust bitcoin for that much long run because its not stable so no one can say when its price can be crashed

I think as long as there's a demand for bitcoin , there will always be the "BTC" and ever since I started to keep track of this happenings , overall it was a climbing ladder situation so I must disagree with you on that

HarHarHar9965

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Quote from: SFR10 on August 07, 2015, 02:57:24 AM

Quote from: HarHarHar9965 on August 07, 2015, 01:29:42 AM

Although I would like to believe that it is highly unlikely to happen, there are many things which could go wrong. There might be many scenarios which might differ from one another like for example, if all the major countries ban bitcoin.. This event is highly unlikely to happen but in a situation in which it does, bitcoin dies. Also, if people start losing interest because price starts going down due to negative publicity and slowly all people stop supporting bitcoin, bitcoin dies. This scenario too seems highly unlikely to happen but if something like this happens, bitcoin can be presumed worthless/dead.

yes it's really highly unlikely to happen since until now the countries that have banned use of bitcoin are less than my fingers count so on that terms the bitcoin world is safer than other terms plus some countries even accepted it with the open arms

Yes, recently Australia has been displaying heavy affection towards bitcoins, the government talking about btc positively and even fixing rules and regulations which were not in favor of bitcoin. Either they are very attracted to the block-chain technology or they actually love bitcoin, there are so many services related to cryptocurrency and they are all Australia-based. So cool!

lahm-44

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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 choose gold as because I can't trust bitcoin for that much long run because its not stable so no one can say when its price can be crashed

bitcollins85

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Gold can be naked shorted because it's in a vault somewhere behind armed guards. It's not easy to verify if there are 100,000,000 ounces on hand or 50,000,000. With bitcoin, it's a simple matter of signing for an address with balances.

randy8777

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Quote from: Falconer on August 07, 2015, 06:40:10 AM

Quote from: BTCevo on August 06, 2015, 10:25:36 AM

You are doing good in math Grin

. But from what I saw that the usage of bitcoin is much better and much efficient compared to gold. Why? Because most of people know bitcoin, I didnt say that gold is unknown but the purpose of bitcoin and gold is different, gold is purely as investment, you can't do nothing with it except you sell all of your gold to get your fiat, but with bitcoin you can do a lot of things like invest, gambling, trading and you can also buy things with bitcoin too so it is much easy to use. So bitcoin is much better in every aspect compare to gold

Most people like me are more concerned with its value than the functions, so although we cant do anything with our gold beside buy-sell thing, atleast its value is higher and we can make better profit from it. If we want to do gambling or buy any stuff, then exchange it to fiat.

it's a personal preference for most people at the end. bitcoin has way more possibilities and has also way more room for price growth.

Falconer

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Quote from: BTCevo on August 06, 2015, 10:25:36 AM

You are doing good in math Grin

. But from what I saw that the usage of bitcoin is much better and much efficient compared to gold. Why? Because most of people know bitcoin, I didnt say that gold is unknown but the purpose of bitcoin and gold is different, gold is purely as investment, you can't do nothing with it except you sell all of your gold to get your fiat, but with bitcoin you can do a lot of things like invest, gambling, trading and you can also buy things with bitcoin too so it is much easy to use. So bitcoin is much better in every aspect compare to gold

Most people like me are more concerned with its value than the functions, so although we cant do anything with our gold beside buy-sell thing, atleast its value is higher and we can make better profit from it. If we want to do gambling or buy any stuff, then exchange it to fiat.

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Quote from: HarHarHar9965 on August 07, 2015, 01:29:42 AM

Although I would like to believe that it is highly unlikely to happen, there are many things which could go wrong. There might be many scenarios which might differ from one another like for example, if all the major countries ban bitcoin.. This event is highly unlikely to happen but in a situation in which it does, bitcoin dies. Also, if people start losing interest because price starts going down due to negative publicity and slowly all people stop supporting bitcoin, bitcoin dies. This scenario too seems highly unlikely to happen but if something like this happens, bitcoin can be presumed worthless/dead.

yes it's really highly unlikely to happen since until now the countries that have banned use of bitcoin are less than my fingers count so on that terms the bitcoin world is safer than other terms plus some countries even accepted it with the open arms

HarHarHar9965

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Quote from: HarHarHar9965 on August 07, 2015, 01:00:22 AM

With mass adoption of bitcoin, other cryptocurrencies which compliment bitcoin like litecoin would also see a significant increase in their adoption rate, because they use similar tech but less features and trend. There is absolutely no gaurantee that bitcoin may survive or nah, either it could be worth a lot or nothing, you just don't know. Those are the words of Satoshi itself, the founder of bitcoin

Oh I didn't know he said that , so this means there's actually a chance of dis-appearance of bitcoin if everything goes south (hopefully not)

Although I would like to believe that it is highly unlikely to happen, there are many things which could go wrong. There might be many scenarios which might differ from one another like for example, if all the major countries ban bitcoin.. This event is highly unlikely to happen but in a situation in which it does, bitcoin dies. Also, if people start losing interest because price starts going down due to negative publicity and slowly all people stop supporting bitcoin, bitcoin dies. This scenario too seems highly unlikely to happen but if something like this happens, bitcoin can be presumed worthless/dead.

HarHarHar9965

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Quote from: mearylll on August 06, 2015, 11:17:57 AM

No dear, What you are saying is not absolutely correct. How can you be very sure that bitcoin will keep on growing in future? Future is unpredictable, and there might come a day when bitcoin simply gets disappeared, whereas Gold cannot be disappeared, as Gold is more older then bitcoins.

I just hope for the best , ever since bitcoin was introduce to the digital world , is more than 5 years already , that's why i'm basing my guess on it since it survived more than 5 years already , it have a good chance to survive more , yes what you point is right in terms of Gold which is not going to disappear anytime soon

With mass adoption of bitcoin, other cryptocurrencies which compliment bitcoin like litecoin would also see a significant increase in their adoption rate, because they use similar tech but less features and trend. There is absolutely no gaurantee that bitcoin may survive or nah, either it could be worth a lot or nothing, you just don't know. Those are the words of Satoshi itself, the founder of bitcoin

Andy4.4

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When it comes in choosing between Bitcoin and gold, I prefer gold and bitcoin both.
It's very hard to determine which one to choose.
Gold being a safe investment and bitcoin having more potential to grow.

Topic: Bitcoin or gold? - page 526. (Read 984547 times)