Bitcoin or gold? - page 572. | Bitcointalksearch.org

freedomno1

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Learning the troll avoidance button :)

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.

Would still try holding all my wealth in Bitcoin
There is time either way for me to investment and make decisions in that 10 year period so my time value is high and risk appetite as well
If I were really old or near retirement guess I would say gold though.

OROBTC

legendary

Activity: 2996

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...

tinus42 just demonstrated my continuing argument for diversification! Lead and lead delivery devices should be a part of the equation for any serious saver.

But, if I had to pick JUST ONE, it would be gold.

In real life, we do NOT have to pick just one however. Gold, BTC and lead are a great start! The percentages, of course, will be different for everybody (solid programmers might have a very high percent in BTC if they KNOW BTC COLD).

My own situation is about 10 times as much in gold as in BTC.

And gold owners almost have to have a gun or two (and ammo!) to defend the pile in extremis...

Schnitz

newbie

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I prefer silver, a bit of gold and of course NEM to be fit for the future ;-)

johnytelevision

newbie

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Best way is to invest into different kind of resources. Also if someone would force me to only two options i wouldn't invest at all Tongue

tinus42

hero member

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I'd invest in this:

Just to be ready for the Zombie/FSA Apocalypse. Wink

ie007cheung

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Quote from: go4nature on April 04, 2014, 11:48:01 AM

Most of them is preferring gold, because it is proved itself for last 3000 years. With in ten years gold will not loose its value. But growth rate slow. Inthis case of bitcoin we cannot predict. Bitcoin price may go high like $10000 or low like $1.

Yes, and it's talking about converting all your wealth... surely I'll have to choose gold

go4nature

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Most of them is preferring gold, because it is proved itself for last 3000 years. With in ten years gold will not loose its value. But growth rate slow. Inthis case of bitcoin we cannot predict. Bitcoin price may go high like $10000 or low like $1.

FalconFly

sr. member

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Sentinel

Quote from: crocko on April 04, 2014, 04:06:19 AM

Bitcoin, no doubts !
What if in 10 years humans will go in space and start mining asteroids full of minerals, Gold included ? =>the price of gold will crash and gold will become a common raw material as iron.
With Bitcoin you can send wealth at long distance and with great speed. You can convert that wealth in the local currency, this can be even bananas if bananas will become so expensive and as result a market for BTC/bananas will exist Cheesy

Haha, good one indeed.

The price for a space-ounce of gold would be about 1 Million $/oz or more. If nations go to space for mining, then that means the resources on earth are exhausted and/or space mining has become more profitable.

Good luck with that scenario within the next 50 years... (definitely not sure BTC still exists in 2064, Gold certainly will)

trashymonkey

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Quote from: crocko on April 04, 2014, 04:06:19 AM

Bitcoin, no doubts !
What if in 10 years humans will go in space and start mining asteroids full of minerals, Gold included ? =>the price of gold will crash and gold will become a common raw material as iron.
With Bitcoin you can send wealth at long distance and with great speed. You can convert that wealth in the local currency, this can be even bananas if bananas will become so expensive and as result a market for BTC/bananas will exist Cheesy

I want some of what you're smoking! So random lol. I'm not trying to be mean, but I did chuckle a bit at your post.

crocko

hero member

Activity: 826

Merit: 1000

'All that glitters is not gold'

Bitcoin, no doubts !
What if in 10 years humans will go in space and start mining asteroids full of minerals, Gold included ? =>the price of gold will crash and gold will become a common raw material as iron.
With Bitcoin you can send wealth at long distance and with great speed. You can convert that wealth in the local currency, this can be even bananas if bananas will become so expensive and as result a market for BTC/bananas will exist Cheesy

trashymonkey

full member

Activity: 133

Merit: 100

I would diversify. Btc, Gold, alt currencies, stocks, and bonds - probably in that order.

Only a fool would put all his eggs in one basket.

xisnotx

newbie

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Merit: 0

Gold...quite easily.

PositiveVibration

newbie

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80% in Btc 20% in gold, thats my own opinion.

roslinpl

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Quote from: AndBerg on April 02, 2014, 03:20:57 AM

Send gold from China to USA this takes a lot of time.
Bitcoin some minutes.

Bitcoin is digital Wink

it makes it much different than gold is.
This is why I am thinking about why people put a gold in a basket with bitcoin

RodeoX

legendary

Activity: 3066

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The revolution will be monetized!

If I can only pick one I would pick gold. Considering the possible risks in the next ten years, gold is likely to be more resilient and I can't ignore it's track record as a store of wealth. Bitcoin may be the future, but a collapse of civilization also might be the future. In such a scenario gold will be more useful than bitcoin.

precrime3

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PM for journalist,typing,and data entry services.

Personally gold. You explicitly said 10 years which I count as long-term, which was the purpose of gold and other precious metals. Preservation of wealth and long-term holding. If I could choose both, it probably be 55/45 (GOLD/BTC).

rarabit

newbie

Activity: 8

Merit: 0

If you ask me, bitcoin.
Gold as money has only one advantage atm and that is the risk it will go to zero is zero.
Gold for insurance and bitcoin for the rest.
Nobody here believes money has to have intrinsic value any more, right ?
--edit--
forgot about the market cap advantage, but that's not my problem.

AndBerg

newbie

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Send gold from China to USA this takes a lot of time.
Bitcoin some minutes.

OROBTC

legendary

Activity: 2996

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...

I mentioned WAY upthread that BTC and gold are complementary, and this decision should not be either BTC or gold, but both!

I would further add that diversification into other precious metals (Pt, Ag and Pd) might be a good idea for those inclined. Pd has lots of interesting properties as a metal, and there are only two major producers (Russia and South Africa). But, you can find Pd Maples if you look around.

Re diversification into other alt-coins, I suspect that might be a good idea if there are others which are well-designed. But, I only hold BTC. I should find a thread discussing OTHER alt-coins for us poor newbs...!

roslinpl

legendary

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Merit: 1199

Quote from: Morpheus. on March 31, 2014, 02:50:51 PM

Gold. It has been in use for so long that it is stable enough to bet on in the long run.

Gold is stable enough but you don't know what is going to be in next few years when billions bacterias in laboratories will produce gold price might drop a lot...

Topic: Bitcoin or gold? - page 572. (Read 984547 times)