Bitcoin or gold? - page 578. | Bitcointalksearch.org

FalconFly

sr. member

Activity: 252

Merit: 250

Sentinel

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.

With a 10 year horizon : Gold is my answer without a grain of doubt

Disclaimer : I'd never go all-in with Bitcoin (or any comparable virtual currency), as this would place my entire (little) wealth at very high risk.

cooltoadfrommoon

copper member

Activity: 242

Merit: 12

gold cause btc could be banned someday/ somehow

FruitRollUp

newbie

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Merit: 0

Quote from: aminorex on March 11, 2014, 06:39:06 PM

Quote from: FruitRollUp on March 11, 2014, 05:07:03 PM

I love Bitcoin, and I own plenty. But until Bitcoin is widely accepted, I would prefer gold.

I suspect you would already find it much more challenging to spend your gold at a fair value than to spend your Bitcoin at a fair value.

Not really. I prefer to stay away from exchanges and use sites such as LocalBitcoins where the Ad's to buy are 20-30% under market price and the Ad's to sell are 20%-30% above market price (which is a horrible idea, and I can't wait until a Bitcoin ATM is available in my city). And with gold, unless you take it yourself to a refinery you're going to be selling your gold at 20-30% under market value. But usually when you're buying, it's not hard to find it at market price, or 2-5% percent above.

Right now I have a fascination with silver and litecoins. I like the whole Gold, Silver, Bronze concept in cryptos.
Bitcoin=Gold
Litecoin=Silver
Peercoin=Bronze

Definitely not a fan of Ripples or any other centralized crypto that is to come.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: FruitRollUp on March 11, 2014, 05:07:03 PM

I love Bitcoin, and I own plenty. But until Bitcoin is widely accepted, I would prefer gold.

I suspect you would already find it much more challenging to spend your gold at a fair value than to spend your Bitcoin at a fair value.

BitDreams

hero member

Activity: 503

Merit: 501

Just take a bullion round to the jeweler and have them tap out the qr code like bitcoinfiresafe does - only it wouldn't be so firesafe.
Of course it has the added feature of being reprogrammable with only a hammer and a nail to tap out the new QR code. If you wanted to be fancy, make the QR out of diamonds but that makes reprogramming a bit more tedious.

If someone does this i want to see pictures so I can blog them Grin

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I would probably go 60% bitcoin 40% gold. I think bitcoin definitely has more potential upside to go to astronomical prices, but gold will always remain as a valuable store of money. Coincidentally, I think a lot of people have transitioned into investing into precious metals after investing in bitcoin, and vice versa. I for one, was not invested in gold before bitcoin (but I have other investments). I am definitely now going to purchase and hold some gold and silver bars.

FruitRollUp

newbie

Activity: 27

Merit: 0

Quote from: roslinpl on March 11, 2014, 05:01:14 PM

Quote from: FruitRollUp on March 11, 2014, 04:38:12 PM

Easy question.

Gold.
Why? Easy to barter, and trade. Whereas Bitcoin is difficult to trade and barter with because of scammers, and jews.
BOOM!

So why u are a user of Bitcointalk and not a user of Goldrushtalk? Cheesy

if you prefere gold this place would be boring for you Tongue

♥ BTC

I love Bitcoin, and I own plenty. But until Bitcoin is widely accepted, I would prefer gold.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: FruitRollUp on March 11, 2014, 04:38:12 PM

Easy question.

Gold.
Why? Easy to barter, and trade. Whereas Bitcoin is difficult to trade and barter with because of scammers, and jews.
BOOM!

So why u are a user of Bitcointalk and not a user of Goldrushtalk? Cheesy

if you prefere gold this place would be boring for you Tongue

♥ BTC

FruitRollUp

newbie

Activity: 27

Merit: 0

Easy question.

Gold.
Why? Easy to barter, and trade. Whereas Bitcoin is difficult to trade and barter with because of scammers, and jews.
BOOM!

OROBTC

legendary

Activity: 2940

Merit: 1865

...

Ahh, lumiere, not a FOFOA reader I see! Wink

Gold´s greatest advantage is that it NOT used (much, because of its price). Saving in gold (vs., say, platinum or silver) does not disrupt the economy, the users of those materials. By hoarding silver, you (to a tiny degree) drive up the price to all who must use it, there is an argument for saying that hoarding some metals is not good. Same with platinum, etc.

Even so, I hold some Pt, Ag and Pd for diversification. But, far more $-value in gold.

For a completely different take on gold (although his articles are LONG and tax the brain) read perhaps the top gold analyst in the world. I started reading in Oct. 2009, his logic is impeccable, but it takes time and mental energy to figure out.

fofoa.blogspot.com

***

Breaking News!

Large gold dealer Tulving just went bankrupt (again). Be careful who you buy your gold from, I get mine at the two local coin shops.

lumierre

full member

Activity: 862

Merit: 100

Bitcoin.

Rather than buying gold, buy things that are useful such as real estate or silver. They're both a good store of value and if everything goes wrong, they will still be valuable. Silver's industrial value is 50+ % of its current price if I remember it correctly but the point is, silver is more useful than gold. If there was a global monetary reset, something like Bitcoin or silver would most likely be the money that will be favored in circulation. Gold will be far too less of a resource for it to be in circulation. A gold coin would have to be ridiculously small for microtransactions. And, I don't think people would want to go back into a Gold Standard because central banks/governments could print more paper IOUs than the gold they have in reserve and repeat the ponzi all over again.

Morbid

legendary

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Merit: 1015

30% gold, 15% silver, 30% btc, 15% ltc, 10% other alts.

kroleg

newbie

Activity: 34

Merit: 0

I already in both but if you ask me what to choose I would choose Btc as it is easy to use and make a deal all over the world

byronbb

legendary

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Merit: 1000

HODL OR DIE

Quote from: KenJackson on March 10, 2014, 06:23:16 PM

Quote from: roslinpl on March 10, 2014, 05:24:03 PM

Quote from: PolarPoint on March 10, 2014, 04:45:41 PM

Invest in gold for sure. Bitcoin may not be around in 10 years.

and gold might be produced by bacterias...
http://gizmodo.com/5948739/researchers-discover-bacteria-that-can-produce-pure-gold

That's got to be about the BEST comeback I've heard or read in quite a while.

And that's an interesting but strange story.

https://bitcointalksearch.org/topic/synthetic-gold-from-lenr-reactors-could-drive-crypto-to-insane-levels-502130

KenJackson

full member

Activity: 127

Merit: 100

Quote from: roslinpl on March 10, 2014, 05:24:03 PM

Quote from: PolarPoint on March 10, 2014, 04:45:41 PM

Invest in gold for sure. Bitcoin may not be around in 10 years.

and gold might be produced by bacterias...
http://gizmodo.com/5948739/researchers-discover-bacteria-that-can-produce-pure-gold

That's got to be about the BEST comeback I've heard or read in quite a while.

And that's an interesting but strange story.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: PolarPoint on March 10, 2014, 04:45:41 PM

Invest in gold for sure. Bitcoin may not be around in 10 years.

and gold might be produced by bacterias...
http://gizmodo.com/5948739/researchers-discover-bacteria-that-can-produce-pure-gold

there is nothing sure for 100%

And for my guess - both bitcoin and gold might be a good to hold.

PolarPoint

hero member

Activity: 672

Merit: 500

Invest in gold for sure. Bitcoin may not be around in 10 years.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: BitOnyx on March 10, 2014, 07:06:41 AM

You saw recent prices on gold and prices on prices on bitcoin ? Gold is heavily advertised "idea" of wealth, that is as virtual as bitcoin.

I say you are right in 80%, but gold price is a bit less virtual ... pepole who mine gold needs hundreds thousand $ to start mining. And in a season they need to recover all invested money

and earn something for a few months of damn hard and dangerous work

And many many miners did not recover costs.

As in bitcoin is simmilar. But here if you will invest hunders thousands in a mining rigs Tongue

your profit is 100% sure

BitOnyx

member

Activity: 112

Merit: 10

Cryptocurrencies Exchange

You saw recent prices on gold and prices on prices on bitcoin ? Gold is heavily advertised "idea" of wealth, that is as virtual as bitcoin.

ptopex

newbie

Activity: 42

Merit: 0

i think so

Topic: Bitcoin or gold? - page 578. (Read 984460 times)