Bitcoin long term
Gold short + long term
Why limit yourself to just 1, if you can have both with so much ease?
Diversifying your investment is the first rule while investing.
Topic: Bitcoin or Gold? What would you pick? - page 105. (Read 298970 times)
What about site called bitgold
Any one on this?
Any one on this?
People would still use bitcoin under a ban but it would prevent mainstream adoption and limit growth and price potential.
there is really no way to ban bitcoin at 100%, it's a just the best thing that the governments can do to spread fud and make you think that you can not use it anymore
I don't think that it will ever come to outright banning Bitcoin (say, in the US or Europe), but if, nevertheless, it will be banned, this ban will affect the Bitcoin price in the most adverse way. So, even you would be able to buy something with it, you won't be quite happy with the price asked...
Since people (here or elsewhere) are still thinking dollars, not bitcoins
If the whole system crashed would people still bother to go to work for worthless money, is the electric grid, network still going to be up?
Bitcoin wont get your far when the lights go out.
I dont know how integrated bitcoin is in your country but in the UK I dont know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
Bitcoin wont get your far when the lights go out.
I dont know how integrated bitcoin is in your country but in the UK I dont know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
well bitcoin is not well accepted yet, the bolded part is the important one, we need to wait for the day when bitcoin will be accepted at least on par with gold and then fiat
but it's true now that bitcoin is already very well accepted online, you can buy basically everything already on the web, with bitcoin, so i do not see the problem
But what if Bitcoins gets banned by major Western countries? You wouldn't have the same opportunities to use your coins. This could lead to a major decrease meant in the value of the coin.
i cna always use it online to buy something abroad, for example if in a country bitcoin is banned
i can go ahead and use it on the amazon of another country, and receive the goods anyway, or pay someone here on the forum or in another place, and he buy it with money
there is really no way to ban bitcoin at 100%, it's a just the best thing that the governments can do to spread fud and make you think that you can not use it anymore
If the whole system crashed would people still bother to go to work for worthless money, is the electric grid, network still going to be up?
Bitcoin wont get your far when the lights go out.
I dont know how integrated bitcoin is in your country but in the UK I dont know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
Bitcoin wont get your far when the lights go out.
I dont know how integrated bitcoin is in your country but in the UK I dont know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
well bitcoin is not well accepted yet, the bolded part is the important one, we need to wait for the day when bitcoin will be accepted at least on par with gold and then fiat
but it's true now that bitcoin is already very well accepted online, you can buy basically everything already on the web, with bitcoin, so i do not see the problem
But what if Bitcoins gets banned by major Western countries? You wouldn't have the same opportunities to use your coins. This could lead to a major decrease meant in the value of the coin.
If the whole system crashed would people still bother to go to work for worthless money, is the electric grid, network still going to be up?
Bitcoin wont get your far when the lights go out.
I dont know how integrated bitcoin is in your country but in the UK I dont know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
Bitcoin wont get your far when the lights go out.
I dont know how integrated bitcoin is in your country but in the UK I dont know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
well bitcoin is not well accepted yet, the bolded part is the important one, we need to wait for the day when bitcoin will be accepted at least on par with gold and then fiat
but it's true now that bitcoin is already very well accepted online, you can buy basically everything already on the web, with bitcoin, so i do not see the problem
If the whole system crashed would people still bother to go to work for worthless money, is the electric grid, network still going to be up?
Bitcoin won't get your far when the lights go out.
I don't know how integrated bitcoin is in your country but in the UK I don't know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
Bitcoin won't get your far when the lights go out.
I don't know how integrated bitcoin is in your country but in the UK I don't know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
This.
This my one and only sole reason why I would personaly pick investment in gold rather than Bitcoin. When investing in gold, not via some exchanges where your gold is stored at banks etc., but by having the gold in your possession, you just can't lose all of your investment.
If the whole system crashed would people still bother to go to work for worthless money, is the electric grid, network still going to be up?
Bitcoin wont get your far when the lights go out.
I dont know how integrated bitcoin is in your country but in the UK I dont know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
Bitcoin wont get your far when the lights go out.
I dont know how integrated bitcoin is in your country but in the UK I dont know a single place locally I could spend them, however about 5 mins from my house there are jewellers and pawn shops. I could walk in any time with some gold or silver and walk out with cash within 10 mins.
it has it's own weakness, and you know already what they are
especially when you use it as a currency, where bitcoin work much better
I dont need gold to work as a currency - I have currency for that.
Gold is my insurance policy, my out of the banking system away from prying eyes stash.
Its my long term bet that the USD will crash.
Gold doing well today after the China stock market crash, not seeing it reflected in BTC price though which I though it would.
ok let's assume that one day you're forced to use gold as a currency, because the whole fiat system crashed/collapsed or whatever
you're screwed right? because you said that you don't need it to work as a currency, and here where somethign like bitcoin will be more useful
it has it's own weakness, and you know already what they are
especially when you use it as a currency, where bitcoin work much better
I dont need gold to work as a currency - I have currency for that.
Gold is my insurance policy, my out of the banking system away from prying eyes stash.
Its my long term bet that the USD will crash.
Gold doing well today after the China stock market crash, not seeing it reflected in BTC price though which I though it would.
~snip~
Where I live physical gold mostly comes in the form of investment coins, and they are all cased for protection
Where I live physical gold mostly comes in the form of investment coins, and they are all cased for protection
@ deisik what coins are those? Always looking to add something new to my stack -
Added a few oz more since I took this picture, up to 41 troy oz now
~snip~
while gold? if you have many bars of gold. it would be difficult to carry and save
All fits in a box about 30cm X 20cm X 20cm.
No 3rd party risk, no electricity, network, blockchain, computers required.
Not damaged by impacts, emp, flood or fire.
it has it's own weakness, and you know already what they are
especially when you use it as a currency, where bitcoin work much better
I choose bitcoin. because bitcoin is simple, online things, and you can earn it free. and the price itself keep competitive with gold. and if bitcoin price keep increase, many people will choose bitcoin than gold.
Apart for the earning method, you are right about the way the future usability will be.
I do think bitcoin is going to take over.
i would pick bitcoin because i really like it and i dont prefer using gold
These are some solid arguments. I'am in!
On the other hand, no I am not.
Bitcoin has potential but's today gold is way more stable and with value then bitcoin.
I choose bitcoin. because bitcoin is simple, online things, and you can earn it free. and the price itself keep competitive with gold. and if bitcoin price keep increase, many people will choose bitcoin than gold.
I choose none of them.
Bitcoin is good but it lacks stability.
Gold is beautiful, but it lacks security.
Bitcoin is good but it lacks stability.
Gold is beautiful, but it lacks security.
~snip~
Where I live physical gold mostly comes in the form of investment coins, and they are all cased for protection
Where I live physical gold mostly comes in the form of investment coins, and they are all cased for protection
@ deisik what coins are those? Always looking to add something new to my stack -
Added a few oz more since I took this picture, up to 41 troy oz now
~snip~
while gold? if you have many bars of gold. it would be difficult to carry and save
All fits in a box about 30cm X 20cm X 20cm.
No 3rd party risk, no electricity, network, blockchain, computers required.
Not damaged by impacts, emp, flood or fire.
~snip~
Where I live physical gold mostly comes in the form of investment coins, and they are all cased for protection
Where I live physical gold mostly comes in the form of investment coins, and they are all cased for protection
@ deisik what coins are those? Always looking to add something new to my stack -
Added a few oz more since I took this picture, up to 41 troy oz now
~snip~
while gold? if you have many bars of gold. it would be difficult to carry and save
limited supply, more potential future, stronger and bigger comunity also i can send it simply, i can trade it everyday 24/7
that why i choose bitcoin
that why i choose bitcoin
Yeah and you can also carry as much bitcoin possible in your digital wallet and no one would be aware of it and it doesn't goes same with gold, as you cannot carry physical gold in higher quantity as there are certain limitations to carry gold.
i would pick bitcoin because i really like it and i dont prefer using gold
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