Topic: Bitcoin or Gold? What would you pick? - page 14. (Read 298970 times)

Gold can be destroyed by some chemicals, so no, gold will not last forever, gold is a fantastic way to store your wealth but gold has become overvalued and undervalued through history so you are mistaken gold has become cheaper.

Bitcoin is good for those who knows it but for those people dont know about bitcoin they will stick in gold because its more legit and more stable than bitcoin we are just using bitcoin because its a currency any time the price is changing because of demand and supply.. unlike gold that always demand thats why the price is stable increasing but yearly before you can notice the price is increase. both of them are good to invest for long term investment.

I think the best thing about Bitcoin is the fact that you can travel anywhere in the world and you're gold will always be with you in something as small as a usb stick. And if it gets stolen, you can just buy another trezor etc and use your brain key to upload your BTC (gold 2.0) to your new device!

Just think about that for a minute. . .

 

You can also store the bitcoin for the long term. And the price of bitcoin will rise faster than the gold.

It's funny everyone is talking about gold vs Bitcoin. It is also relative to silver vs Bitcoin. I say this because one silver ounce is currently about 70:1 to one ounce of gold, and the historical ratio is more like 15:1. So there is much more upside to silver than gold, and even more so now that gold is entering a bull market.

I have always been bullish on silver, and the beauty of silver is that it is affordable to own a few coins.

I debated whether or not to hold just Bitcoin, but ultimately decided that the smart move is to diversify.

Currently I am 75% Bitcoin, 25% silver bullion as putting all of your eggs in one basket is never a good thing to do, no matter how bullish you are on Bitcoin, which by the way, I am.

Bitcoin has more space to grow for sure, but gold/silver have been suppressed for a long time, and not without reason. When the economy collapes, gold and silver will rocket and will adjust to the amount of dollars that have ever been printed. There's a reason all the nation's have been stocking up on gold and silver. When a gold backed currency comes into force, you will want to own some precious metals, as a hedge.

So in a nutshell, I would say hold both, but in a ratio that you feel comfortable with. I am tempted to go all in Bitcoin, but logically, you need to diversify, even if it's just a little bit.

 

Gold can be stored forever, and not be afraid that this currency will be cheaper. Gold appreciated even in ancient times. A bitcoin can not show such indicators of stability.

Maybe I should have specified that my comment was in the context of the thread which is basically Bitcoin vs. Gold, what you say is true but I could literally have all the bitcoins that are ever going to be mined in a trezor wallet in my pocket, so if gold is a dense form of wealth, bitcoin can be even more dense if need it be.

It is better to diversify its assets : some Gold, some Bitcoin, some natural ressources companies

The profit of gold is continues because gold keeps in increasing its value, maybe we are just too optimistic that bitcoin will be a big success that's why sometimes we are so bias and all we see is only the positive things that will happen in the future, my advise is we also reserved some doubts.

Those people who just stay when bitcoin price is good and go away when there is crisis are coward.  They should know that bitcoin just like any other investment have this thing.  By continuing to support bitcoin its price may goes up again and regain its status before.  There is no doubt that bitcoin is a real one for investment.  It really have a promising future.

Gold can also make you profits but that profit wont be as fast as fast it can be with bitcoin, and one thing is for sure that if gold does not provide quick profits but it is more secure than bitcoin because bitcoin is a digital currency and anything can happen to it anytime inspite of the success rate of it, while gold is something that cannot go anywhere at all, so in security gold is better than bitcoin, but in terms of profit, bitcoin wins.

deutsche bank is on right on the edge of going tits up and requiring bail out that the German government has already stated they will not give.

If this does happen watch the price of gold go vertical.

Bitcoin has lost its supporters when it died and almost died again when it faced a major crisis in the past but I am happy to see now that we are progressing again and I hope this will continue, kudos to the supporters of bitcoin who's with bitcoin though thick and thin.

Bitcoin has been a great crypto since it was launched and I am very happy that I am now into bitcoins even though I am somehow interested to invest with gold too.

But the competition in gold is really tough enough and that is not going to help me if ever I will going to enter gold industry.

Because most of the competitors there are already big companies that has been in the industry for a lot of years.

of course bitcoins over gold all the time, bitcoins can actually make you some decent money while gold cannot

I like bitcoin more but I would pick gold because its a strong investment that cannot fall and its also profitable.
I like long term investments so that is also a reason.

I would pick bitcoins because bitcoin is easily transferrable, is pseudo-anonymous(although this may be a problem with finding scammers), and can't be chargebacked. I don't like the transaction fees, the time it takes for a transaction to be confirmed, and the fact that it's pseudo-anonymity will make it hard to find scammers.

Yeah with BTC you have more variery of oprions,obviously trading and investing are two of them so if you're looking for something like that go for BTC for sure,BTC is more open to the market and you have more options with it

One of the main advantages of gold is that it is dense form of wealth.

If you want to carry hundreds of kilos of metal around buy lead or copper.

Gold have stable value where as bitcoin value keep on fluctuate making it hard for large bitcoin holders to not get panicked during huge dumps on price. So better to hold gold if you dont like to loss or get profit out of it if not holding bitcoin could be profitable if you don't sell it for long time.