Bitcoin or Gold? What would you pick? - page 45.

deisik

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Quote from: markj113 on July 16, 2016, 01:57:38 PM

Quote from: pereira4 on July 16, 2016, 01:47:20 PM

Gold has massive network effect, that's all. Other than that, Bitcoin is better in every sense. Gold is annoying to carry, it deteriorates with time, it can be confiscated by governments... it's a mess.

Why does gold deteriorate with time lol?

It all depends on the time frame. Anything material deteriorates with time, but I think that poster meant something other. That is, that gold coins and gold bars wear out (read lose mass and value) with usage and exposure to the environment...

But gold, indeed, doesn't change (unless you plunge it into aqua regia, of course)

markj113

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Quote from: pereira4 on July 16, 2016, 01:47:20 PM

Gold has massive network effect, that's all. Other than that, Bitcoin is better in every sense. Gold is annoying to carry, it deteriorates with time, it can be confiscated by governments... it's a mess.

Why does gold deteriorate with time lol?

You do realise they are digging up gold that has been buried/under the sea for thousands of years and it looks as new. That is one of the unique properties of Gold over other metals, it doesnt tarnish or deteriorate.

When I walk around I dont really want to carry around my investments, not really applicable to real life.

People here have no idea of the scale of gold compared to bitcoin.

All the people with real money, governments, central banks etc. all back gold. The only thing backing bitcoin is a few thousand computer nerds with asic miners.

deisik

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Quote from: pereira4 on July 16, 2016, 01:47:20 PM

Gold has massive network effect, that's all. Other than that, Bitcoin is better in every sense. Gold is annoying to carry, it deteriorates with time, it can be confiscated by governments... it's a mess.

And its price in no case can hit the ground, unlike Bitcoin's (from zero to hero and back again)

pereira4

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Gold has massive network effect, that's all. Other than that, Bitcoin is better in every sense. Gold is annoying to carry, it deteriorates with time, it can be confiscated by governments... it's a mess.

Ravion

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There are many differences between gold and bitcoin. It's true that gold is a rare commodity, but bitcoin is actually limited in how much bitcoin there can exist. As the demand for gold rises, miners mine more gold, but bitcoin has a total limit. This would mean that the price of bitcoin will go up, in the long term.

On the other hand, gold has an intrinsic value, whereas bitcoin is entirely speculative, and doesn't have any other use other than being an exchange medium.

Also, gold is accepted all over the world, in transactions, but bitcoin is not accepted by everyone.

blackholes

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It really depends on what I want to do with my money. If I would like their value to remain almost stable and save them for later I would choose gold, on the other hand if I would like to see them increasing in value I would choose bitcoin. For now my choice is bitcoin.

Dux2K

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I remember that there is bitgold site buy sell gold with Bitcoin
only one flaw that it's not many countries supported

escrowboy

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Quote from: mirakal on July 14, 2016, 11:59:13 PM

Quote from: mobilestrike on July 14, 2016, 05:56:15 PM

Quote from: mirakal on July 14, 2016, 12:13:44 AM

Quote from: cambda on July 13, 2016, 07:48:19 PM

Quote from: Crazygreek on July 13, 2016, 05:51:38 PM

I think that i am gonna pick bitcoin in this contest because i don't know what to do with gold and how to invest it right. But anyway at my opinion gold is much more profitable as bitcoin.

Both are good as an investment, and it depends on an individual with which he is more comfortable, bitcoin is good for short term profits and gold can take care in long run.

I believe bitcoins are both good in short and long term investment, if you are a trader you can make money betting on the price fluctuation while if you are a long term investor you will benefit on the rise of price of bitcoins in the long run.

yeah that is right, I am using both the methods, I have my bitcoin and they will be with me for longer and in the meantime I do trade with it so with that I get both the profits, the value increase and the quantity increase of the bitcoin also.

This is good because we are making profit with bitcoins so no need to invest in other things like gold, we just need to improve our technique in trading and investing to maximize our profit if possible on a daily basis.

Eventhough you can say that you're making profit for bitcoin if there are people that willing to earn more then investing in gold is good, besides there's no reason why gold will make you lose your investment since there's an assurance that gold is like bitcoin which will make it's value higher as time will pass by.

xIIImaL

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Quote from: mobilestrike on July 14, 2016, 05:56:15 PM

Both are good as an investment, and it depends on an individual with which he is more comfortable, bitcoin is good for short term profits and gold can take care in long run.

I believe bitcoins are both good in short and long term investment, if you are a trader you can make money betting on the price fluctuation while if you are a long term investor you will benefit on the rise of price of bitcoins in the long run.
[/quote]

yeah that is right, I am using both the methods, I have my bitcoin and they will be with me for longer and in the meantime I do trade with it so with that I get both the profits, the value increase and the quantity increase of the bitcoin also.
[/quote]

I think its very hard to decide but i will go in with bitcoin....because ROI in bitcoin is high but unstable but in case of gold is low but is a way stable than bitcoin....But Bitcoin has advantage is that it is more secured...so i will go with it

mirakal

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Quote from: mobilestrike on July 14, 2016, 05:56:15 PM

Quote from: mirakal on July 14, 2016, 12:13:44 AM

Quote from: cambda on July 13, 2016, 07:48:19 PM

Quote from: Crazygreek on July 13, 2016, 05:51:38 PM

I think that i am gonna pick bitcoin in this contest because i don't know what to do with gold and how to invest it right. But anyway at my opinion gold is much more profitable as bitcoin.

Both are good as an investment, and it depends on an individual with which he is more comfortable, bitcoin is good for short term profits and gold can take care in long run.

I believe bitcoins are both good in short and long term investment, if you are a trader you can make money betting on the price fluctuation while if you are a long term investor you will benefit on the rise of price of bitcoins in the long run.

yeah that is right, I am using both the methods, I have my bitcoin and they will be with me for longer and in the meantime I do trade with it so with that I get both the profits, the value increase and the quantity increase of the bitcoin also.

This is good because we are making profit with bitcoins so no need to invest in other things like gold, we just need to improve our technique in trading and investing to maximize our profit if possible on a daily basis.

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Quote from: mirakal on July 14, 2016, 12:13:44 AM

Quote from: cambda on July 13, 2016, 07:48:19 PM

Quote from: Crazygreek on July 13, 2016, 05:51:38 PM

I think that i am gonna pick bitcoin in this contest because i don't know what to do with gold and how to invest it right. But anyway at my opinion gold is much more profitable as bitcoin.

Both are good as an investment, and it depends on an individual with which he is more comfortable, bitcoin is good for short term profits and gold can take care in long run.

I believe bitcoins are both good in short and long term investment, if you are a trader you can make money betting on the price fluctuation while if you are a long term investor you will benefit on the rise of price of bitcoins in the long run.

yeah that is right, I am using both the methods, I have my bitcoin and they will be with me for longer and in the meantime I do trade with it so with that I get both the profits, the value increase and the quantity increase of the bitcoin also.

terman45x

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Quote from: PokerFace3 on July 14, 2016, 08:26:16 AM

Quote from: Crazygreek on July 13, 2016, 05:51:38 PM

I think that i am gonna pick bitcoin in this contest because i don't know what to do with gold and how to invest it right. But anyway at my opinion gold is much more profitable as bitcoin.

Even I would choose bitcoin coz I don't have to pay taxes for btc if I earn it but while buying gold we have to pay taxes plus gold can be stolen but its very difficult to have ones bitcoin wallet. And due to scarcity gold have reached its peak while btc is still rising.

Yes investing in bitcoin seems to be good choice at a moment as price will rise in future so if we invest now in bitcoin then it can give us best returns in future.

PokerFace3

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Quote from: Crazygreek on July 13, 2016, 05:51:38 PM

I think that i am gonna pick bitcoin in this contest because i don't know what to do with gold and how to invest it right. But anyway at my opinion gold is much more profitable as bitcoin.

Even I would choose bitcoin coz I don't have to pay taxes for btc if I earn it but while buying gold we have to pay taxes plus gold can be stolen but its very difficult to have ones bitcoin wallet. And due to scarcity gold have reached its peak while btc is still rising.

mirakal

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Quote from: cambda on July 13, 2016, 07:48:19 PM

Quote from: Crazygreek on July 13, 2016, 05:51:38 PM

I think that i am gonna pick bitcoin in this contest because i don't know what to do with gold and how to invest it right. But anyway at my opinion gold is much more profitable as bitcoin.

Both are good as an investment, and it depends on an individual with which he is more comfortable, bitcoin is good for short term profits and gold can take care in long run.

I believe bitcoins are both good in short and long term investment, if you are a trader you can make money betting on the price fluctuation while if you are a long term investor you will benefit on the rise of price of bitcoins in the long run.

cambda

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Quote from: Crazygreek on July 13, 2016, 05:51:38 PM

I think that i am gonna pick bitcoin in this contest because i don't know what to do with gold and how to invest it right. But anyway at my opinion gold is much more profitable as bitcoin.

Both are good as an investment, and it depends on an individual with which he is more comfortable, bitcoin is good for short term profits and gold can take care in long run.

Crazygreek

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I think that i am gonna pick bitcoin in this contest because i don't know what to do with gold and how to invest it right. But anyway at my opinion gold is much more profitable as bitcoin.

Dux2K

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Quote from: zeta1 on July 13, 2016, 03:33:50 PM

bitcoin for profit and gold for security

And there is something that i found im on tablet now thatis all in one btc and gold

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bitcoin for profit and gold for security

JessicaSe

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Quote from: socks435 on July 13, 2016, 02:34:47 PM

Quote from: PokerFace3 on July 13, 2016, 01:39:31 PM

It is a hard choice but with the current phase I would say Bitcoins. Well both gold and bitcoins are very precious but from the invest point of view Bitcoin is more beneficial. Most people say Gold is just used for jewelry but still very valuable. Gold, silver and bitcoins are the real asset. Bitcoins are currently most profitable.

Yeah bitcoin price has fast movement value unlike those jewelry that you can make a big profit in the future. the more you have bitcoin the more you can make a profit.. golds only for safe investment that you can hold for a long time .. and bitcoin use as money online that anytime bitcoin value can be change depends in supply and demand..

Bitcoin allows us to make quick profits which is not possible with gold, and you can buy any small amount of bitcoin depending on your purchasing power.

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Quote from: PokerFace3 on July 13, 2016, 01:39:31 PM

It is a hard choice but with the current phase I would say Bitcoins. Well both gold and bitcoins are very precious but from the invest point of view Bitcoin is more beneficial. Most people say Gold is just used for jewelry but still very valuable. Gold, silver and bitcoins are the real asset. Bitcoins are currently most profitable.

Yeah bitcoin price has fast movement value unlike those jewelry that you can make a big profit in the future. the more you have bitcoin the more you can make a profit.. golds only for safe investment that you can hold for a long time .. and bitcoin use as money online that anytime bitcoin value can be change depends in supply and demand..

Topic: Bitcoin or Gold? What would you pick? - page 45. (Read 298970 times)