Topic: Bitcoin or Gold? What would you pick? - page 154. (Read 298970 times)

At the current bitcoin market I would definitely pick bitcoin, as it'd be going up pretty soon, even if it dips a little more.

70% Gold
30% BTC at this time.

i choose gold.

because gold limitied and that colour so awasome.

and gold have phisical form but btc no. just virtual 

And at that you can always say that the last few months actually referred to the last 8-9 months...

People will always compare the price to a reference point which suits them. If you had bought bitcoin in Dec-2013..... 

No way, they actually let him do that.   Thats merciless, I'd maybe try that on any bank and close the account if they never warned me

Arabic numbers to please Saudi Arabia perhaps, I wonder what the reason given for that was



I wish I was more eloquent to explain in a straight forward way thats not the case .   If nothing else, have respect for history as for some strange reason we have used gold coins of some denomination for over 2000 years.   I know today we have many wonderful things, including bitcoin including technology and thats great but human nature really does not change much over time and we will be using gold in future too.

   The value of gold is that is an indisputable element, all the things like it does not corrode or degrade or even tarnish slightly does add up to genuine monetary value.  It can be divided into tiny amounts, you are using gold now on your phone and computer and its tiny amounts but its there because it will not alter at any reasonable temperate, it cant rust and it wont fracture easily.
Copper is the base montary coin and its also used up electrically, also useful but it will degrade over time and just for example a copper coin from the Roman empire will be mostly destroyed.  Silver will remain but tarnish and degrade but gold coins thousands of years old will be the same, damaged physically perhaps but the gold itself stays the same.   The point Im making is gold is valued for a reason, its not a random thing and its not 'because its shiny'.
 China or India population are likely to continue to demand it for this and other reasons which matters as both number triple USA or similar nations.   Ive not made a good argument but there are good explanations out there to explain the mystery of useless but highly valued gold, its definitely not random or coincidence

Im not a gold bug, in normal times I'd say put all wealth into a house but we know how thats worked out and its become politically sponsored where as gold is without apparent benefit to ownership as you say, hence unpopular?

  That was the thinking in 1999 too.  I spotted it in 98 and the caught the falling knife by increasing the stack to the point where I actually lost friends because they considered it a 'dumb as hell' thing to do. Wonder what they thought in 2011 when I cashed in and moved far away

Keep spreading the word friend

On an antidote note: I needed a new refrigerator last month so I had the guy I was riding with pull into the bank. I go in and 5 minutes later I'm out. Then motion him to follow as I jog across the parking the the coin dealer. My friend is nothing but questions by now. I flip him a gold eagle I'd just got from my SDB at the bank.  He says 'So, it says $50 on it. Why not just get cash from the bank?'  Do you know what that is and how much it's worth I ask.  He says 'Yeh, its gold and worth $50'. I just roll my eyes and rang the buzzer. We go in and dealer Larry smiles big with a 'John good to see you, the usual?'  'Two this time' I say. Larry strolls over to the safe and grabs a stack of cash. I put two eagles on the counter and he counts out $2600 in $20's and $50's.  No paper work at all and only five minute longer than only going to the bank. My friend is in shock and very quiet. On the way home he confides to me that when his mom died she had a few gold eagles and he cashed them in at the bank for $50 each. 

Bitcoin has a lot more potential and you can make legitimate big gains if you know how to play the ups and downs. We are now in a down, play your cards and you may be victorious 6 month for now, or not.

Bitcoins!!! Because Gold has no real use in todays world. accept it looks pretty!

Actually, within the last few months it went up from something around $450 to something over 650$. Now Bitcoin is on a way down but is still above what it was 3 months ago, if I'm not mistaken (at the moment it is at $497)...

Being an aquarian if there's one thing I learnt, it's that every thing I was ever taught has been changed, ideal's, lifestyle's, choice's, etc, etc, but in this age of change whatever you think is a safe bet, I would bet on the opposite being more likely.. speculate on this..

People are likely not to show revolt if they think chaos would be worse than the present stability or if their family would be threatened or if there is an exterior enemy that is causing the problems

And hence the revolution(s)

Mankind is stronger than these handful of big brother wannabes. They can only get their power with the consent of the population; surely revolutions would happen if they were to do such drastic actions.

Totally agree.. but after big brothers offensive against mankind, aswell as every other life form,that end is coming sooner than the last btc will be mined, if not in our lifetime, in our kids for sure..

Surely the human race is creative enough to find a new source of power when, has you say, there won't be any remaining trees and oil (which shouldn't happen before all of us here will be dead anyways..). I mean, a small solar panel is enough to power the equipment required for a user to access the internet.

The problem with bitcoin is you require a connection that could crash at the first decent surge of power..

The second problem with bitcoin is the people that dont want to part with any (The MAJORITY of holders..) thinking it is worth more than something that has lasted as long as it took to make.. nah..

To think the internet will last beyond the last remaining tree, oil, gas, whatever you power your toys with is insane.. I highly doubt the internet will be here in any 'useable' form in the next 100 years..

Gold is easilly devided, a pair of snips and all that lovely jewelery becomes nothing more than what it was, all sentimentality out the window.. but it retains a value that is usable no-matter how you try to destroy it.. yes it can be stolen, collected, mined, minted, and always retains a value slightly higher than it was the period of time before..

Look at ukraine right now.. as this virus spreads and the internet is removed from each country during such times, you think your btc are safe?

Hahaha..

The price of gold is probably inflated at the moment. I think Bitcoin will at least go up long term. I pick Bitcoin.

Bitcoin price went down a lot for the last few months. Gold has been relatively stable.

24 months is a very short period when compared to the hundreds (some people think thousands) of years that gold has been used as a form of money. With bitcoin on the other hand 24 months is roughly 40% of the amount of time it has been in existence. As a result investors will likely be much more willing to wait for a rebound in the price of gold then they would be in the price of bitcoin.