Although I like gold and getting some interest on it but not with gold bars but with jewelries.
If you choose jewelries as a form to invest in gold, I'd say it's a terrible idea since the value of jewelries and gold bars are not same, jewelry shops sell high and you will not earn as much as gold bars.
Topic: [Bitcoin or Gold] choose correctly - page 4. (Read 958 times)
I'd say "choose subjectively" instead of "choose correctly" because both of them are good investment, it just depend on each person which one they want to choose or they want to own both.
I have also chosen Bitcoin and not to say the obvious, we're in the forum. Although I like gold and getting some interest on it but not with gold bars but with jewelries. I think that they're also a good one when I need some quick cash but if that's gonna be my purpose, Bitcoin is liquid too and compared to these jewelries, I have to go to the pawnshop and have it pawned and the value might even be lower from my purchased amount depending on the rates of that pawnshop. So, in terms of this, thumbs up to Bitcoin everyone!
Bitcoin: when you hear about bitcoin what comes into your minds, investment, savings, peer-to-peer and mining. Apart from that what else comes into your mind?
In general I choose bitcoin over Gold because it's more accessible, and one can acquire it at any given time and moment irrespective of how much you are holding it's not like gold you must have some thousand of dollars to acquire it. In all, Bitcoin there's no restrictions on the total amount of bitcoin you could own or have in your custody provided you use the right wallet and have your details stored you are good to go.
Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.
Bitcoin or gold? yes bitcoin with the explanation that the return price is greater due to fluctuations in market prices and long -term investment that is more profitable than the hedge that comes to my mind when hearing the name Bitcoin because it I need to say again.In general I choose bitcoin over Gold because it's more accessible, and one can acquire it at any given time and moment irrespective of how much you are holding it's not like gold you must have some thousand of dollars to acquire it. In all, Bitcoin there's no restrictions on the total amount of bitcoin you could own or have in your custody provided you use the right wallet and have your details stored you are good to go.
Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.
I also chose gold as a backup option when one day faced the urgent situation when Bitcoin was not appropriate to be sold because the price was below the purchase price.
Gold can be somewhat restrictive where you can't quickly have access to purchase them except you move out those places is being sold while bitcoin only requires you to sign up on exchange or buy it through p2p platform.
Why does it always have to be Bitcoin or Gold, I'd appreciate it if we had things like Bitcoins and Gold. 
Gold is good for starters, well I don't really classify it as investment because the growth rate is just about as the inflation rate but it's been constantly growing and the chances of going down is pretty much zero so if you are in your 20's then I advise you to have certain amount of gold under your portfolio as well.
Talking about bitcoin it has it's pros like the ROI is too high that can't be met by Gold while the con is it's volatility so people need to know what they are getting into will help them to tackle the market trends.
Gold is good for starters, well I don't really classify it as investment because the growth rate is just about as the inflation rate but it's been constantly growing and the chances of going down is pretty much zero so if you are in your 20's then I advise you to have certain amount of gold under your portfolio as well.
Talking about bitcoin it has it's pros like the ROI is too high that can't be met by Gold while the con is it's volatility so people need to know what they are getting into will help them to tackle the market trends.
Bitcoin: when you hear about bitcoin what comes into your minds, investment, savings, peer-to-peer and mining. Apart from that what else comes into your mind?
In general I choose bitcoin over Gold because it's more accessible, and one can acquire it at any given time and moment irrespective of how much you are holding it's not like gold you must have some thousand of dollars to acquire it. In all, Bitcoin there's no restrictions on the total amount of bitcoin you could own or have in your custody provided you use the right wallet and have your details stored you are good to go.
Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.
Bitcoin or gold? yes bitcoin with the explanation that the return price is greater due to fluctuations in market prices and long -term investment that is more profitable than the hedge that comes to my mind when hearing the name Bitcoin because it I need to say again.In general I choose bitcoin over Gold because it's more accessible, and one can acquire it at any given time and moment irrespective of how much you are holding it's not like gold you must have some thousand of dollars to acquire it. In all, Bitcoin there's no restrictions on the total amount of bitcoin you could own or have in your custody provided you use the right wallet and have your details stored you are good to go.
Feel free to discuss here let us have the general overview from people towards Bitcoin and Gold.
I also chose gold as a backup option when one day faced the urgent situation when Bitcoin was not appropriate to be sold because the price was below the purchase price.
Gold can also be easily accessed depending on the location you are. Gold is more than just an accessories to beautify one's self . It is a strong store of value that you can rely on for price stability. Gold has little price fluctuation unlike btc.
I don't see gold as you see it, even though btc seem to be the most sort out asset for investment in recent times mostly because of its ability to rise very high in price and durable in nature being a digital currency, gold still holds a lot of value in the hearts of old timers.
You can always put your investment on both and you won't regret doing so although btc has a upper hand when it comes to price movement.
I don't see gold as you see it, even though btc seem to be the most sort out asset for investment in recent times mostly because of its ability to rise very high in price and durable in nature being a digital currency, gold still holds a lot of value in the hearts of old timers.
You can always put your investment on both and you won't regret doing so although btc has a upper hand when it comes to price movement.
Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.
I walk into a gold shop and after asking how much a small piece is sold, I walked and bought bitcoin for less than $100 one of many I'll be buying weekly. You know, all these shops that sells gold require you to buy around $5k. Where am I going to get that kind of money from. As a Millennial who works very hard, I don't have that much money in my bank accounts. And this is why I gladly chose bitcoin because with Bitcoin, I can buy at any amount. Keep it safe and go to bed peacefully at night. I don't think I can do the same with gold. BTC is digital but our keys can still be exported physically and it is possible to lose them if we are not careful enough but no doubt that BTC or its private key might still be less attractive in the eyes of the many.
Bitcoin exchanges also charge a fee and have a market depth. You can just make a private sale of gold at spot price (limit sell)
But the fee in exchanges is transparent, anyone can check the taker/maker fee and withdrawal fee, while pawnshop that claim the gold is already old has no rule. 
Quote
People also lose money on fake cryptocurrency exchanges and fake Bitcoins.
I do believe that there are more scammers in crypto than gold.
True, there are more scammers in cryptocurrency. I do believe that there are more scammers in crypto than gold.
But, they lost their coins because of their own mistakes e.g. clicking random link, connecting their wallet to random exchange, bad OPSEC etc.
Gold's cool. It's bright and ancient. Bitcoin, man, is different. Not only money, but freedom. Regain control, dude. The future of finance is here. No stuffy bank should tell you what to do. No authorization required. Need only Bitcoin. Take charge of your money. It's about joining a movement bigger than government or corporation. It's about being woke, man
Although getting rich is possible, it's not everything. Changing our wealth mindset. Building a decentralised, democratic economy is the goal. Take authority from elites and give it to people. Being part of something revolutionary
Although getting rich is possible, it's not everything. Changing our wealth mindset. Building a decentralised, democratic economy is the goal. Take authority from elites and give it to people. Being part of something revolutionary
Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.
To me gold is more of fashion using it for beauty than bitcoin, when you talk about gold you remember your lovely clothes that is designed by Gold, your lovely necklace, ear ring name it all this is were we can classified gold mainly for beauty and design even though it is used as store of value or as a reserved fund.
To me gold is more of fashion using it for beauty than bitcoin, when you talk about gold you remember your lovely clothes that is designed by Gold, your lovely necklace, ear ring name it all this is were we can classified gold mainly for beauty and design even though it is used as store of value or as a reserved fund.
Definitely, it terms of investment, I would go with Bitcoin anytime, although I was also a avid fans of Gold in terms of it as being used as jewelries, good investment as well specially bracelet and necklace as you can easily pawn it if you need quick money. But you also have to be very smart as well not to pawn it to a price that you can't pay.
But in terms of Bitcoin in the last 8 years or so, turns out to be a really good investment in terms of returns. So no doubt, that's why most of us here chooses to be in this market because of that very reason, ROI is greater that if you simply buy Gold in 206-2017 and just hold on it. And so there are a lot of pros and cons, but simply put, Bitcoin is the best assets that we have right now, more than Gold, no argument about it.
Bitcoin is superior to Gold in every way you can think of.
This image explains a lot.
$1,000,000,000 in Gold vs $1,000,000,000 in Bitcoin.
Gold is impossible to transport in any meaningful quantities, it can be confiscated easily, it’s hard to use it for anything other than looking pretty. It’s hard to make divisible, t was a great investment a long time ago but now Bitcoin is King.
This is absolutely not true. In addition to its role as jewelry, a global reserve asset and a hedge against inflation, gold is also used in many industries such as dentistry, cuisine, medicine and pharmaceuticals...It can be said that the practical application and demand for gold is huge and will never be enough even if we mine more gold. Don't just because we are bitcoin investors deny the importance and benefits that gold brings to honor bitcoin. This image explains a lot.
$1,000,000,000 in Gold vs $1,000,000,000 in Bitcoin.
Gold is impossible to transport in any meaningful quantities, it can be confiscated easily, it’s hard to use it for anything other than looking pretty. It’s hard to make divisible, t was a great investment a long time ago but now Bitcoin is King.
The image you provided can only say that storing bitcoin is much more convenient than gold, and that is one of the advantages of bitcoin over gold. But that doesn't mean gold is as bad as you say, gold also has advantages that bitcoin doesn't have. It can be said that both are good assets and are used in different situations, we should take advantage of both instead of speaking ill of each other.
Before, jewelry and ornamentals are the first things that come to mind when talking about gold. Now, not anymore. When talking about gold, I think of investment, store of value, currency standard. It's perhaps because of my exposure to Bitcoin, particularly of its constant comparison with gold and the old standard of doing money, that gold has become more than just a material mostly used for jewelry and electronics.
When talking about Bitcoin, I think of freedom money, a decentralized currency independent from political and economic maladies that greatly affect the monetary system.
I think it's not bad to have Bitcoin and gold in your basket.
When talking about Bitcoin, I think of freedom money, a decentralized currency independent from political and economic maladies that greatly affect the monetary system.
I think it's not bad to have Bitcoin and gold in your basket.
Why not diversify your Bitcoin value gains into precious metals? Bitcoin is more volatile, but gold also has some advantages.
Bitcoin exchanges also charge a fee and have a market depth. You can just make a private sale of gold at spot price (limit sell)
Bitcoin allows you to transfer your funds quickly around the world, but your physical gold cannot be hacked or stolen from another place in the world.
People also lose money on fake cryptocurrency exchanges and fake Bitcoins.
I do believe that there are more scammers in crypto than gold.
1. If you purchase gold now when the price is $2,411/oz and you choose to sell it in the next 5 years when the gold price is $3,000/oz, it doesn't mean they will value your gold for $3,000/oz, they will say your gold is old, so the value has dropped slightly, they accept your gold for $2,900/oz.
Bitcoin exchanges also charge a fee and have a market depth. You can just make a private sale of gold at spot price (limit sell)
2. It's harder to protect it, you could be robbed if your store in your house, or you will pay some fees to store it in banks' safe deposit box.
Bitcoin allows you to transfer your funds quickly around the world, but your physical gold cannot be hacked or stolen from another place in the world.
3. There's a chance you would get scammed by purchasing fake gold.
People also lose money on fake cryptocurrency exchanges and fake Bitcoins.
I do believe that there are more scammers in crypto than gold.
Damn, I don’t think this question has ever been proposed on BitcoinTalk.
I have a topic discussing the importance of understanding bitcoin is not a replacement for the stock market ( people love to argue with me on this. Greg Maxwell had a nice write up in that thread in agreement, if that tells btc only types anything).
Gold isn’t either. Those who already have a traditional portfolio established and on track to meet their retirement goals..should own a bit of both for different reasons IMO. Stocks, btc, gold ..why compare entirely different things is what I always wonder.
I have a topic discussing the importance of understanding bitcoin is not a replacement for the stock market ( people love to argue with me on this. Greg Maxwell had a nice write up in that thread in agreement, if that tells btc only types anything).
Gold isn’t either. Those who already have a traditional portfolio established and on track to meet their retirement goals..should own a bit of both for different reasons IMO. Stocks, btc, gold ..why compare entirely different things is what I always wonder.
I have sold a lot of gold coins. I will have no doubts in what it should preferred between bitcoin and gold.
If you need fast cash, or maybe you're oversea, try to move or exchange your gold and see how much you will loss and how difficult it is this action... other things are literally 0 to me... it should be not just a speculation use but a real world use case!
If you need fast cash, or maybe you're oversea, try to move or exchange your gold and see how much you will loss and how difficult it is this action... other things are literally 0 to me... it should be not just a speculation use but a real world use case!
People also buy gold for investment purposes aside just for beauty. Gold is a pretty good investment and a great store of value. The debate will go on and on but at the end of the day, most people will choose based on preference and they'll both give you their reasons why they prepare.
As for me, the reason I'll pick Bitcoin over gold is because I know Bitcoin more than I know gold. I don't even know how to buy gold if I want to get it now, and if I want to buy it in I form of jewellery or from the black market I might not be able to tell if it's real gold or how many carats golds it is.
If I want to buy in the form of an investment, I don't know what platform or site to buy from.
With bitcoin, I know more than enough. I can do everything about Bitcoin myself and with probably less money.
I can go on and list the features of both coins and state why I'll pick which over which, but the truth is, it's bitcoin I know how to deal with, I don't know how to deal with gold. Perhaps in the future, I will, but I won't abandon Bitcoin for gold, ever. Maybe I'd invest in both of them.
As for me, the reason I'll pick Bitcoin over gold is because I know Bitcoin more than I know gold. I don't even know how to buy gold if I want to get it now, and if I want to buy it in I form of jewellery or from the black market I might not be able to tell if it's real gold or how many carats golds it is.
If I want to buy in the form of an investment, I don't know what platform or site to buy from.
With bitcoin, I know more than enough. I can do everything about Bitcoin myself and with probably less money.
I can go on and list the features of both coins and state why I'll pick which over which, but the truth is, it's bitcoin I know how to deal with, I don't know how to deal with gold. Perhaps in the future, I will, but I won't abandon Bitcoin for gold, ever. Maybe I'd invest in both of them.
People always say gold is the safest asset and it can hedge against inflation, but they forget:
1. If you purchase gold now when the price is $2,411/oz and you choose to sell it in the next 5 years when the gold price is $3,000/oz, it doesn't mean they will value your gold for $3,000/oz, they will say your gold is old, so the value has dropped slightly, they accept your gold for $2,900/oz.
2. It's harder to protect it, you could be robbed if your store in your house, or you will pay some fees to store it in banks' safe deposit box.
3. There's a chance you would get scammed by purchasing fake gold.
While in Bitcoin, there's nothing like that.
1. If you purchase gold now when the price is $2,411/oz and you choose to sell it in the next 5 years when the gold price is $3,000/oz, it doesn't mean they will value your gold for $3,000/oz, they will say your gold is old, so the value has dropped slightly, they accept your gold for $2,900/oz.
2. It's harder to protect it, you could be robbed if your store in your house, or you will pay some fees to store it in banks' safe deposit box.
3. There's a chance you would get scammed by purchasing fake gold.
While in Bitcoin, there's nothing like that.
Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.
I walk into a gold shop and after asking how much a small piece is sold, I walked and bought bitcoin for less than $100 one of many I'll be buying weekly. You know, all these shops that sells gold require you to buy around $5k. Where am I going to get that kind of money from. As a Millennial who works very hard, I don't have that much money in my bank accounts. And this is why I gladly chose bitcoin because with Bitcoin, I can buy at any amount. Keep it safe and go to bed peacefully at night. I don't think I can do the same with gold. I admit to you that buying gold sometimes requires a certain amount of money, but this is the first time I've heard that to be able to own gold, you need a minimum amount of 5k$. In my country, for only 100 USD, you can buy gold in ring form but it is very thin and comes in many different designs at many different prices. And with less money I'm not sure because I haven't tried it but I'm sure buying gold is not as difficult as you describe.
But it cannot be denied that buying bitcoin will be easier because even if we have 20 USD or 50 USD we can still buy bitcoin whenever we want. But I don't think this is the reason you choose bitcoin over gold
. 
Well I made this post on how people could view from having Bitcoin or Gold. Please give your reasons for choosing any of this let us know how people could classify gold and bitcoin.
To me gold is more of fashion using it for beauty than bitcoin, when you talk about gold you remember your lovely clothes that is designed by Gold, your lovely necklace, ear ring name it all this is were we can classified gold mainly for beauty and design even though it is used as store of value or as a reserved fund.
This is a result of how gold is perceived in the community. You have associated it with something used in our daily lives even more that you associate it to beauty which I am sure a lot of people do. Beauty=Gold so this drives up the perceived value of gold.To me gold is more of fashion using it for beauty than bitcoin, when you talk about gold you remember your lovely clothes that is designed by Gold, your lovely necklace, ear ring name it all this is were we can classified gold mainly for beauty and design even though it is used as store of value or as a reserved fund.
Quote
Bitcoin: when you hear about bitcoin what comes into your minds, investment, savings, peer-to-peer and mining. Apart from that what else comes into your mind?
I think of a decentralized digital currency.Quote
In general I choose bitcoin over Gold because it's more accessible, and one can acquire it at any given time and moment irrespective of how much you are holding it's not like gold you must have some thousand of dollars to acquire it. In all, Bitcoin there's no restrictions on the total amount of bitcoin you could own or have in your custody provided you use the right wallet and have your details stored you are good to go.
You said it well and addition to this is holding bitcoin lessens the worry for holding. Of course you still want to hold it in a safe secure place but with gold, it requires you to have a much larger physical space which makes it difficult to sell urgently. 
Gold is tangible, has an upward long-term trend, isn't normally accepted as payment, and has been considered valuable by humanity for thousands of years. Bitcoin is intangible, has an upward long-term trend, is sometimes accepted as payment, and has been considered valuable for over a decade (although certainly not as universally as gold).
Bitcoin is easier to obtain, transfer, and sell, and you don't have to worry about it being fake. Gold is trickier, but is quite widespread and has a decent liquidity.
Bitcoin is more appealing and more convenient for me, but Bitcoin or Gold is a false dilemma because you can also do both or neither.
Bitcoin is easier to obtain, transfer, and sell, and you don't have to worry about it being fake. Gold is trickier, but is quite widespread and has a decent liquidity.
Bitcoin is more appealing and more convenient for me, but Bitcoin or Gold is a false dilemma because you can also do both or neither.
Jump to: