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Topic: Bitcoin or gold? - page 579. (Read 984448 times)

newbie
Activity: 15
Merit: 0
March 10, 2014, 05:23:19 AM
#20
Because you said EITHER...OR the answer needs to be GOLD.
legendary
Activity: 1540
Merit: 1000
March 10, 2014, 03:58:24 AM
#19
Both for definite, the thing is, both have their plus and minus points, in this day and age Bitcoin and cryptocurrencies are far more practical but if the world does end you'll still want to have gold and silver on hand just in case, it's also a lot easier to store crypto's for the long run.
sr. member
Activity: 465
Merit: 250
March 10, 2014, 03:41:05 AM
#18
Well, OK, the OP said to pick one.  But I would take them both.

90% in gold, 10% in BTC.  But, if I had to pick one, it would be gold.
That's exactly what I was going to say.

The irony is, in 10 years the 10% bitcoin may well be worth significantly more that the gold.


I like this idea.

The point here is: convert ALL your wealth. I bet normal person will not convert all his wealth to Bitcoin.

So yes, no more than 10% please.
full member
Activity: 127
Merit: 100
March 09, 2014, 10:27:04 PM
#17
Well, OK, the OP said to pick one.  But I would take them both.

90% in gold, 10% in BTC.  But, if I had to pick one, it would be gold.
That's exactly what I was going to say.

The irony is, in 10 years the 10% bitcoin may well be worth significantly more that the gold.
sr. member
Activity: 322
Merit: 250
March 09, 2014, 09:36:37 PM
#16
Bitcoin, to the moon or bust.

I believe in bitcoin, and I believe in gold but ultimately there is only one which I would expect any sort of considerable growth upon.
legendary
Activity: 2912
Merit: 1852
March 09, 2014, 08:36:35 PM
#15
...

Well, OK, the OP said to pick one.  But I would take them both.

90% in gold, 10% in BTC.  But, if I had to pick one, it would be gold.

***

But, that kind of misses the point for me.  Diversification is Bearing Guy´s middle name.  Gold, platinum, guns & ammo, our business in Peru, BTC and our condo.  Some CA$H too.

So....: Diversification, Fishez!
legendary
Activity: 2212
Merit: 1199
March 09, 2014, 08:22:43 PM
#14
Are you guys illiterate? The OP clearly asked to choose one of the two options in a hypothetical 10 year all-in situation.

99% of you guys would choose gold in real life anyway, especially those who own serious amounts of money.

are you sure? Smiley I never had any gold Tongue
With bitcoins is different.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
March 09, 2014, 08:08:04 PM
#13
Are you guys illiterate? The OP clearly asked to choose one of the two options in a hypothetical 10 year all-in situation.

99% of you guys would choose gold in real life anyway, especially those who own serious amounts of money.
member
Activity: 97
Merit: 10
March 09, 2014, 08:06:00 PM
#12
obviously gold would be the safe bet and bitcoin the risky. With gold having had thousands of years of maintained value and bitcoin being a few years old and extremely volatile.

in 1971 gold was $35 an ounce. it went up to over $800 in the early 80's then crashed to around $250. a few years ago it almost hit $2000. it then dropped into the $1,100 range. now what was it you were saying about volatility?
legendary
Activity: 2212
Merit: 1199
March 09, 2014, 08:03:34 PM
#11
Both

Both is right answer for sure.

if we talk about 10 years.


Kind regards.   BTC
newbie
Activity: 12
Merit: 0
March 09, 2014, 07:47:16 PM
#10
obviously gold would be the safe bet and bitcoin the risky. With gold having had thousands of years of maintained value and bitcoin being a few years old and extremely volatile.
sr. member
Activity: 248
Merit: 250
March 09, 2014, 07:37:13 PM
#9
Already in both.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
March 09, 2014, 07:29:56 PM
#8
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.

Bitcoin. Here is why

Let us go back 110 years to say 1904 and ask the following question: If you had to convert all your wealth to either horseless carriages (otherwise known as automobiles) or horses and keep it there for 10 years, which would you choose? Keep in mind the fact that horseless carriages have only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

By the way humans had been using horses as a primary form of transportation for millennia, yet in a period of 50 years between 1900 and 1950 they virtually vanished form the transportation scene. Will Bitcoin do the same to gold?
legendary
Activity: 3472
Merit: 4794
March 09, 2014, 07:14:49 PM
#7
Bitcoin, absolutely.

Gold is relatively stable and has had centuries (millennia?) to establish its relative value in the world.

Bitcoin is a disruptive technological protocol in its infancy.  It is still in the process of price discovery and as additional layers of interface are added on top of the protocol, the difference will be equivalent to the difference between the internet today and the internet in the 1980's.  It is impossible to predict what bitcoin will be like in 10 years, but I expect it will be exponentially more useful (and as such, exponentially more valuable) by then.
legendary
Activity: 1386
Merit: 1053
Please do not PM me loan requests!
March 09, 2014, 05:53:01 PM
#6
 Both by all means
hero member
Activity: 504
Merit: 500
eidoo wallet
March 09, 2014, 02:36:53 PM
#5
I' do both, but take bitcoin over gold simply because I'm a pyschic and I see that in 10 years, Bitcoin would be worth 100million each.

newbie
Activity: 42
Merit: 0
March 09, 2014, 02:32:19 PM
#4
gold hands down, cause you can mail it to the Gold Marketplace to buy drugs  Shocked
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
March 09, 2014, 02:24:28 PM
#3
Gold, hands down.

Bitcoin is for gambling/trading volatility on steroids, not a serious long term store of wealth.
sr. member
Activity: 333
Merit: 250
Commander of the Hodl Legions
March 09, 2014, 02:23:19 PM
#2
Both
sr. member
Activity: 350
Merit: 251
March 09, 2014, 02:21:54 PM
#1
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.
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