Bitcoin or Gold? What would you pick? - page 91.

iCEBREAKER

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Quote from: bryant.coleman on February 14, 2016, 02:50:18 PM

Quote from: socks435 on February 14, 2016, 01:09:44 PM

Gold is not a good idea to choose because gold price is stable.

Who told you that the gold prices are stable? Have you checked the historical prices of gold? Check this:

http://www.nma.org/pdf/gold/his_gold_prices.pdf

The price of gold has increased from $19 per oz to $1,240 per oz in the 1900-2016 time period.

Even if you take the recent history, gold has given very good returns. The prices have increased from $271 per oz in 2001, to $1,240 per oz in 2016.

Gold is an immutable constant; it is to economics what the speed of light is to physics.

If the price appears to change, that is due to a shift in your frame of reference.

bryant.coleman

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Quote from: kartaggen on February 14, 2016, 06:51:56 PM

Yeah totally depends on the market conditions as the value of bitcoin cannot be controlled by anyone, so investing in bitcoin is something like gambling with your money.

The exchange rates of Bitcoin are controlled by the demand-supply equilibrium. And right now it seems like both the demand, as well as the supply is weak. Those who are having the coins are no longer trading with them. Meanwhile, the demand is not there, as many of the online retail sites which were accepting BTC previously have stopped doing so.

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Quote from: Ruzka on February 14, 2016, 04:13:01 PM

Quote from: jokerrj on February 14, 2016, 04:04:20 PM

Quote from: socks435 on February 14, 2016, 01:09:44 PM

I will choose bitcoin because bitcoin is not stable value there's a possible that the price will rise to 10k value and i hope it will happen in the future.
That's i am collecting more bitcoins for the future. .Gold is not a good idea to choose because gold price is stable.

Yes it can give us huge profits in quick time, so if I have to invest at a moment I would choose bitcoin over gold looking at the price volatility of bitcoins so I can make a good profit in short term.

It can be nice profits and at the same time could be substantial losses. At the moment it would be risky but i too would go with btc and then put it in storage where I couldn't panic sell if we took a small dip.

Yeah totally depends on the market conditions as the value of bitcoin cannot be controlled by anyone, so investing in bitcoin is something like gambling with your money.

Ruzka

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Quote from: jokerrj on February 14, 2016, 04:04:20 PM

Quote from: socks435 on February 14, 2016, 01:09:44 PM

I will choose bitcoin because bitcoin is not stable value there's a possible that the price will rise to 10k value and i hope it will happen in the future.
That's i am collecting more bitcoins for the future. .Gold is not a good idea to choose because gold price is stable.

Yes it can give us huge profits in quick time, so if I have to invest at a moment I would choose bitcoin over gold looking at the price volatility of bitcoins so I can make a good profit in short term.

It can be nice profits and at the same time could be substantial losses. At the moment it would be risky but i too would go with btc and then put it in storage where I couldn't panic sell if we took a small dip.

jokerrj

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Quote from: socks435 on February 14, 2016, 01:09:44 PM

I will choose bitcoin because bitcoin is not stable value there's a possible that the price will rise to 10k value and i hope it will happen in the future.
That's i am collecting more bitcoins for the future. .Gold is not a good idea to choose because gold price is stable.

Yes it can give us huge profits in quick time, so if I have to invest at a moment I would choose bitcoin over gold looking at the price volatility of bitcoins so I can make a good profit in short term.

avw1982

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Quote from: amacar2 on February 14, 2016, 02:25:44 PM

Right now looking at the growth and new traders involving in bitcoin, i have strong hope for bitcoin. I will choose bitcoin rather than those traditional gold.

Right decision dude Don't skip from that. Gold is being used in this world more than 1000 years bit price increased gradually but bitcoin was used buy a pizza with 10000 btc But now Its completely changed price is like a mountain. Soon it will cross more than 1000$ in an year.

elloco4ever

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Quote from: blackbird307 on February 14, 2016, 11:31:33 AM

Why pick? Why not get a bit of both and see how things work out? It's never good to be so extreme.

That's my thought as well because we can invest like 60% / $40% ratio I would prefer sixty percent for Bitcoin as it can give quick benefit and forty percent on gold which is stable

Raimonn

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On last days gold increased its price, i expect that now remains at this level for some time. And now i'm waiting to see if bitcoin moves at the same direction, stock markets are going down, oil price down, economy down, ... bad economic news are good for gold prices and i expect the same for bitcoin price.

bryant.coleman

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Quote from: socks435 on February 14, 2016, 01:09:44 PM

Gold is not a good idea to choose because gold price is stable.

Who told you that the gold prices are stable? Have you checked the historical prices of gold? Check this:

http://www.nma.org/pdf/gold/his_gold_prices.pdf

The price of gold has increased from $19 per oz to $1,240 per oz in the 1900-2016 time period.

Even if you take the recent history, gold has given very good returns. The prices have increased from $271 per oz in 2001, to $1,240 per oz in 2016.

amacar2

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Right now looking at the growth and new traders involving in bitcoin, i have strong hope for bitcoin. I will choose bitcoin rather than those traditional gold.

socks435

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Privacy is always important

I will choose bitcoin because bitcoin is not stable value there's a possible that the price will rise to 10k value and i hope it will happen in the future.
That's i am collecting more bitcoins for the future. .Gold is not a good idea to choose because gold price is stable.

blackbird307

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Why pick? Why not get a bit of both and see how things work out? It's never good to be so extreme.

reputedchain

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Quote from: n0ne on February 14, 2016, 09:10:19 AM

Quote from: BeGoods on February 14, 2016, 06:15:16 AM

Quote from: Rotator on February 12, 2016, 04:34:57 PM

Quote from: lister storm on February 12, 2016, 04:29:27 PM

i would definitely pick bitcoin because it is the best investment option and because its price might grow in a short period of time

For now bitcoin is best investment as you can double money in few months..
But gold is something else, store value without any needs for maintenance or network support or other..

I think it's not as easy as you could double your money in a few months, for short-term investments in bitcoin it's like gambling, you could have taken profits and losses in the short term. if you're lucky maybe bitcoin prices are rising. if you're lucky

Exactly, its all about luck, if you are lucky enough you can make quick profits from bitcoins, and if price drops then you might loose your money, investing money in bitcoin is like gambling.

Yeah, but you can also earn good profits from bitcoin as we cannot predict the future of bitcoin at a moment, if bitcoin becomes more stronger it can give you good returns as compared to gold.

n0ne

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Quote from: BeGoods on February 14, 2016, 06:15:16 AM

Quote from: Rotator on February 12, 2016, 04:34:57 PM

Quote from: lister storm on February 12, 2016, 04:29:27 PM

i would definitely pick bitcoin because it is the best investment option and because its price might grow in a short period of time

For now bitcoin is best investment as you can double money in few months..
But gold is something else, store value without any needs for maintenance or network support or other..

I think it's not as easy as you could double your money in a few months, for short-term investments in bitcoin it's like gambling, you could have taken profits and losses in the short term. if you're lucky maybe bitcoin prices are rising. if you're lucky

Exactly, its all about luck, if you are lucky enough you can make quick profits from bitcoins, and if price drops then you might loose your money, investing money in bitcoin is like gambling.

BeGoods

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Quote from: Rotator on February 12, 2016, 04:34:57 PM

Quote from: lister storm on February 12, 2016, 04:29:27 PM

i would definitely pick bitcoin because it is the best investment option and because its price might grow in a short period of time

For now bitcoin is best investment as you can double money in few months..
But gold is something else, store value without any needs for maintenance or network support or other..

I think it's not as easy as you could double your money in a few months, for short-term investments in bitcoin it's like gambling, you could have taken profits and losses in the short term. if you're lucky maybe bitcoin prices are rising. if you're lucky

bryant.coleman

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I would go with bitcoin as I can invest even a small amount into it, and if the price is increased in future then that little investment can be more profitable then investing into a gold.

That is definitely one of the advantages with Bitcoin. You can purchase small quantities like BTC0.001 or BTC0.02, and store them securely in your online / offline wallets. With gold, this is not possible. For sure, you can purchase smaller quantities such as 1/32 oz or 1/16 oz, but the premium will be quite high for small amounts. Also, the storage will be an issue.

gkv9

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Quote from: JAyThaRevo on February 13, 2016, 04:37:42 PM

I would go with both the products, not sure which one would be more profitable in future, but any one of the product can give me good returns in future, gold will survive longer, bitcoin will help me in earning quick profits.

Everyone should change their mentality about Bitcoins that it's just for quick profits...
If we are just going to buy and then dump, we cannot expect it to be used as a global currency as we are ourselves destroying it...
BTC can obviously give good returns, but Gold ain't gonna do that, as the swings are very high in Bitcoins as compared to Gold...

JAyThaRevo

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I would go with both the products, not sure which one would be more profitable in future, but any one of the product can give me good returns in future, gold will survive longer, bitcoin will help me in earning quick profits.

bryant.coleman

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Quote from: diodio5 on February 13, 2016, 06:16:10 AM

for now probably most people would choose gold. not because of the high price of gold, but gold is still safer than bitcoin, you can generate profits in gold, it would have been

The major purpose of gold is to store wealth. Unlike equities, mutual funds, real estate, and fiat cash, it offers a safe and secure medium for the storage of wealth, which is free from inflation, counterfeiting, and political upheaval. Profits are possible from long-term investment in gold, but that is not the main purpose of gold investments.

Mitchow

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Quote from: diodio5 on February 13, 2016, 06:16:10 AM

for now probably most people would choose gold. not because of the high price of gold, but gold is still safer than bitcoin, you can generate profits in gold, it would have been

Yes, and the reason is the gold is ruling the world since its birth, comparatively bitcoin is a new born baby, so people are not sure whether bitcoin is a player of long run or not.

Topic: Bitcoin or Gold? What would you pick? - page 91. (Read 298971 times)