I would go for gold as this can be used as "currency" when you don't have any money. And also because it holds value much better than Bitcoin.
People trust in gold, not so much in Bitcoin. Trust in financial world is very important, at the moment Bitcoin is not being trusted by many people.
My personal opinion is Bitcoin is going to stay for some years, but eventually Bitcoin will not succeed.
Topic: Bitcoin or Gold? What would you pick? - page 4. (Read 7782 times)
paywall, can u post it?
Gold because it won't get attacked by hackers or be lost due to user stupidity
That is a point, agreed. But at the same time, Bitcoin doesn't need expensive lockers and safes to store it. Even after doing all this, gold can still be stolen. Haven't you heard about any robbery of bank lockers in the recent time?
Gold because it won't get attacked by hackers or be lost due to user stupidity
As you know, money has six main characteristics (such as durability, portability, divisibility, fungibility, limited edition, prevalence) that allow it to be an ideal tool for financial transaction
Gold established itself as the most robust and durable metal on earth that doesn't lose its properties over time. Thus, according to the first criterion, gold is better than Bitcoins.
However, according to the other five criterias Bitcoin has the benefits. For example, you can transfer the cryptocurrency anywhere in the world where there is access to the Internet.
IMO, Bitcoin is our future
Gold established itself as the most robust and durable metal on earth that doesn't lose its properties over time. Thus, according to the first criterion, gold is better than Bitcoins.
However, according to the other five criterias Bitcoin has the benefits. For example, you can transfer the cryptocurrency anywhere in the world where there is access to the Internet.
IMO, Bitcoin is our future
well, this quiet hard
in that side, bitcoin still raise from the deep to sky
and in another side, gold is like god in real money
I will choose gold after all
, cause BTC is still in minority, but i hope it will raise like real gold
in that side, bitcoin still raise from the deep to sky
and in another side, gold is like god in real money
I will choose gold after all
, cause BTC is still in minority, but i hope it will raise like real gold Good point. Very few people even care what bitcoin is, and even less people than that are gonna consider it a viable commodity in a natural disaster. When the power goes down and a person needs to trade for the basic necessities for survival, are people going to accept bitcoin or gold?
I would pick.... mold.
Life is the only true source of value.
Life is the only true source of value.
well, this quiet hard
in that side, bitcoin still raise from the deep to sky
and in another side, gold is like god in real money
I will choose gold after all , cause BTC is still in minority, but i hope it will raise like real gold
in that side, bitcoin still raise from the deep to sky
and in another side, gold is like god in real money
I will choose gold after all
, cause BTC is still in minority, but i hope it will raise like real gold It seems that only a complete jackass would pick Bitcoin over Gold, Bitcoin is great as far as currency goes and for speculation purposes, it's a great rival for USD and other monopoly currency, the real store of value is Gold though.
Might be the vice-versa. If offered in same quantities, an intelligent person would pick Bitcoin over gold. If you are concerned about the security, then you can make multiple backups and store them in USB drives. On the other-hand, storing that much of gold will be extremely risky, and expensive. And you'll get a number of visits from the tax authority guys as well.
Ernst and Young Tax Expert Jeff Chou is LIVE on Twitter right now doing a Q/A and Squawk Showdown with Keith Hilden of Squawkonomics, the guy who did the bitcoin vs. gold video!!! Direct any of your questions and gold vs. bitcoin comments to him, and he will answer.
#squawkshowdown
@Squawkonomics
-Kekky
#squawkshowdown
@Squawkonomics
-Kekky
I prefer bitcoins than gold. Bitcoins in future will give more returns.
I would get get bitcoins made out of gold then put my wallet in each gold coin, now how awesome would that me to have bitcoins made from gold.
bitcoincs, i can have them safe, noone can get them from me, best thing ever
gold can be stolen from me
gold can be stolen from me
The real question should be would you pick 100kg of Gold or the equivalent in Bitcoin given the fact that both will be delivered and stored safely for you?
It seems that only a complete jackass would pick Bitcoin over Gold, Bitcoin is great as far as currency goes and for speculation purposes, it's a great rival for USD and other monopoly currency, the real store of value is Gold though.
It seems that only a complete jackass would pick Bitcoin over Gold, Bitcoin is great as far as currency goes and for speculation purposes, it's a great rival for USD and other monopoly currency, the real store of value is Gold though.
Only a complete jackass would believe "gold will be stored safely for you"
Silver obviously
But BTC over Gold, Gold is even more hyped than BTC in December
But BTC over Gold, Gold is even more hyped than BTC in December
I would go with gold. Maybe in couple of years that will change but for now I would rather have a physical gold then a virtual bitcoin
The real question should be would you pick 100kg of Gold or the equivalent in Bitcoin given the fact that both will be delivered and stored safely for you?
It seems that only a complete jackass would pick Bitcoin over Gold, Bitcoin is great as far as currency goes and for speculation purposes, it's a great rival for USD and other monopoly currency, the real store of value is Gold though.
It seems that only a complete jackass would pick Bitcoin over Gold, Bitcoin is great as far as currency goes and for speculation purposes, it's a great rival for USD and other monopoly currency, the real store of value is Gold though.
The Bitcoin is really high and might get higher so it will be BTC for me.
I prefer bitcoins than gold. Bitcoins in future will give more returns.
Then the thing can be sealed in such a way that if anyone opens it, you destroy the physical bitcoin. You'd have to re-create the coin, but then it would be obvious.
This part is troublesome. Crooks will always find out various methods, to open the coin without physically destroying the Bitcoin. Also what if the manufacturer of these coins copy the private key to somewhere else, before entering them to the coins?
There are ways to make chips essentially read-only, and the part that knows the private key can only sign messages (essentially confirming that it has the private key) but nothing can read it except opening it up. Then the thing can be sealed in such a way that if anyone opens it, you destroy the physical bitcoin. You'd have to re-create the coin, but then it would be obvious.
This works as long as the value of that physical bitcoin is not very high. It would be more expensive to attack it than to just simply use the coin.
This works as long as the value of that physical bitcoin is not very high. It would be more expensive to attack it than to just simply use the coin.
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