Bitcoin or Gold? What would you pick? - page 29.

tee-rex

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Quote from: RIPPatronWarrior on August 28, 2016, 06:32:23 PM

bitcoin is a way better technology so that is the reason why i always choose it over gold, i dont like gold

How can we compare gold with Bitcoin and say that Bitcoin is a better technology if gold is only a shiny metal, not a technology? A lot of people simply like the way gold looks, the way it feels (it's heavy!). It always remains the same, and that's what people like about it. Bitcoins come and go like any technology that exists or existed in the past, but gold will always be here.

Blitzboy

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If you choose gold you should set your self that invest your money in gold is long term. unlike in bitcoin that has a good and fast movement price that you didnt need to wait for a long time but you can be still holding bitcoin for a long time to get more profit..

RIPPatronWarrior

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bitcoin is a way better technology so that is the reason why i always choose it over gold, i dont like gold

PsursV

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Quote from: bryant.coleman on August 28, 2016, 01:15:23 PM

Quote from: Danielzo on August 28, 2016, 07:01:50 AM

I would prefer bitcoin, because at any moment I could trade it into things such as gold.

That argument is wrong. Both Bitcoin and gold can be used to purchase other stuff. There are online marketplaces, where you can purchase gold bullion bars and other stuff using your coins. And similarly, you can barter your bullion bars for jewelry and other stuff using a pawn shop. So there is not much difference between the two.

buying stuff from gold is not easy. while using bitcoin for buying is a too easy, bitcoin is a currency and it ca be use directly for buying selling in some areas, on other side the price of bitcoin is increasing very rapidly while the price of gold remain unchanged for a long time and there is a little chance of earning money from gold

MariusAr

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I'd pick bitcoin because of it's price fluctuation. If it wasn't for that, I would pick gold.

uname

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Quote from: rekinthis on August 28, 2016, 11:59:46 AM

Quote from: outatime1 on August 22, 2016, 06:32:18 PM

I would choose to invest in bitcoin rather than gold because I think there is more potential for gain with bitcoin. Gold is very stable but there isn't much potential for it to make huge gains.

i would also choose to invest into bitcoins only in order to make some nice profit really easily, i hope that bitcoin is going to become huge and make me rich

you can become rich from bitcoin if you have substantial capital and you're lucky then seteleh buy bitcoin bitcoin prices rose sharply? you will be rich with it

Bitcotalk

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Quote from: rekinthis on August 28, 2016, 11:59:46 AM

Quote from: outatime1 on August 22, 2016, 06:32:18 PM

I would choose to invest in bitcoin rather than gold because I think there is more potential for gain with bitcoin. Gold is very stable but there isn't much potential for it to make huge gains.

i would also choose to invest into bitcoins only in order to make some nice profit really easily, i hope that bitcoin is going to become huge and make me rich

yeah it is fact that the price of bitcoin will increase in the coming future so we should have to believe on bitcoin for our investment, we should have to invest in bitcoin as much as possible and in the future we will be rich with that investment.

Backside walkaround

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Right now, bitcoin. However if fiat suddenly became unstable I'd probably take the gold. More people recognize its value, and I think it'd be easier to trade with. Would have made some money with either one from the start of this thread.

bitbunnny

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Quote from: boumalo on August 28, 2016, 01:50:29 PM

Quote from: bryant.coleman on August 28, 2016, 01:15:23 PM

Quote from: Danielzo on August 28, 2016, 07:01:50 AM

I would prefer bitcoin, because at any moment I could trade it into things such as gold.

That argument is wrong. Both Bitcoin and gold can be used to purchase other stuff. There are online marketplaces, where you can purchase gold bullion bars and other stuff using your coins. And similarly, you can barter your bullion bars for jewelry and other stuff using a pawn shop. So there is not much difference between the two.

If you want to be protected against adverse events, you should have enough gold in at least 2 countries and at least 3 locations and enough bitcoin on a secure wallet.

And besides this some fiat money in.bank account, maybe some shares too. Thew best option is to.have yourw money invested in little parts of everything

deisik

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Quote from: bryant.coleman on August 28, 2016, 01:15:23 PM

Quote from: Danielzo on August 28, 2016, 07:01:50 AM

I would prefer bitcoin, because at any moment I could trade it into things such as gold.

That argument is wrong. Both Bitcoin and gold can be used to purchase other stuff. There are online marketplaces, where you can purchase gold bullion bars and other stuff using your coins. And similarly, you can barter your bullion bars for jewelry and other stuff using a pawn shop. So there is not much difference between the two.

This must be one of the most bizarre ways of "buying" things. Let's face the facts and cut the crap, the Bitcoin market for real goods is small, but however small it might be, there is no market for buying things with gold directly altogether (primarily because gold, unlike Bitcoin, is not a payment system in and of itself). Indeed, you can always find some old fart who will sell you, say, a house for a couple of pretty looking gold bars...

But this alone still doesn't make it into a market

boumalo

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Quote from: bryant.coleman on August 28, 2016, 01:15:23 PM

Quote from: Danielzo on August 28, 2016, 07:01:50 AM

I would prefer bitcoin, because at any moment I could trade it into things such as gold.

That argument is wrong. Both Bitcoin and gold can be used to purchase other stuff. There are online marketplaces, where you can purchase gold bullion bars and other stuff using your coins. And similarly, you can barter your bullion bars for jewelry and other stuff using a pawn shop. So there is not much difference between the two.

If you want to be protected against adverse events, you should have enough gold in at least 2 countries and at least 3 locations and enough bitcoin on a secure wallet.

bryant.coleman

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Quote from: Danielzo on August 28, 2016, 07:01:50 AM

I would prefer bitcoin, because at any moment I could trade it into things such as gold.

That argument is wrong. Both Bitcoin and gold can be used to purchase other stuff. There are online marketplaces, where you can purchase gold bullion bars and other stuff using your coins. And similarly, you can barter your bullion bars for jewelry and other stuff using a pawn shop. So there is not much difference between the two.

deadpoolx

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Well, I would pick up bitcoin to earn some money with my invested amount, given the potential for future earnings.
But I prefer to diversify, so I would choose both.

rekinthis

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Quote from: outatime1 on August 22, 2016, 06:32:18 PM

I would choose to invest in bitcoin rather than gold because I think there is more potential for gain with bitcoin. Gold is very stable but there isn't much potential for it to make huge gains.

i would also choose to invest into bitcoins only in order to make some nice profit really easily, i hope that bitcoin is going to become huge and make me rich

tee-rex

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Quote from: Ziskinberg on August 28, 2016, 12:41:43 AM

Quote from: @prashant on August 27, 2016, 11:00:14 PM

Bitcoin and gold directly or indirectly act as a investment ,both have good and bad merit.ofcourse bitcoin is more flexible than gold in terms of profit but gold hold power to alter country gdp.although the idea behind bitcoin came only from gold.

Gold will remain gold forever while bitcoin can be innovated, time will come people will not need gold anymore because it is not really our needs to have gold. We are living in a practical world and all we need is money and to have money we need to save money and with the benefits of using bitcoin where we can save money through cheap transaction cost, the concept is outstanding.

Unless you are a professional trader who has access to gold derivatives markets, gold doesn't look very promising as a short-term investment. But if you are in for a long time, gold is there to help you at least preserve value. The future of Bitcoin is vague, therefore going long-term with it seems to be a lot riskier. Though this is not too much of a problem if your aim is a short-term speculation.

Danielzo

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I would prefer bitcoin, because at any moment I could trade it into things such as gold.

Ziskinberg

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Quote from: @prashant on August 27, 2016, 11:00:14 PM

Bitcoin and gold directly or indirectly act as a investment ,both have good and bad merit.ofcourse bitcoin is more flexible than gold in terms of profit but gold hold power to alter country gdp.although the idea behind bitcoin came only from gold.

Gold will remain gold forever while bitcoin can be innovated, time will come people will not need gold anymore because it is not really our needs to have gold. We are living in a practical world and all we need is money and to have money we need to save money and with the benefits of using bitcoin where we can save money through cheap transaction cost, the concept is outstanding.

@prashant

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Bitcoin and gold directly or indirectly act as a investment ,both have good and bad merit.ofcourse bitcoin is more flexible than gold in terms of profit but gold hold power to alter country gdp.although the idea behind bitcoin came only from gold.

vero

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Quote from: abugseuf on August 27, 2016, 04:22:08 PM

Quote from: ontrackk on August 22, 2016, 06:12:25 PM

only bitcoins all the time, it is definitely a way better currency than gold that i can use to do online shopping whenever i want

yes that is a fact that gold cannot be use for online shopping, but i think the other reason is that gold price is quite stable and there is a very miner change can be expect after a long time. while bitcoin being new currency and still people are adopting it so we can observe a big change in the price of bitcoin. and as the popularity of bitcoin is also increasing day by day there for its price is expected to increase more and that the is the reason that i will select bitcoin instead of gold

Who said gold could be used for online shopping, whether you've heard before if gold is a currency. yes I'm sure you've heard before when you were in school who say it is your teacher tells the life of the stone age. Gold will never be used as currency back, for now gold absolute as an investment is different with the bitcoin that can be used as currency and investment.

Bit1334271

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Quote from: Carmen_Sandiego on August 27, 2016, 04:02:57 PM

I have plans to collect both, bitcoins and gold. But if I had to choose, it would be btc I think.

Most of peoples preferring Bitcoins because its new Technology and have many chances to grow quickly but Gold is also not bad investment right now because its also giving some good return of investment in my opinion try to take chance in both because they have worth

Topic: Bitcoin or Gold? What would you pick? - page 29. (Read 299016 times)