Bitcoin or Gold? What would you pick? - page 6.

Pony789

hero member

Activity: 882

Merit: 1000

Quote from: Maximizer on May 03, 2014, 12:14:34 PM

Well in my opinion it's a hard pick as there are both limited resources of both so eventually they will be rare commodities, so either will be valuable...
In my opinion, Gold is worth something no matter if it is the year 1000 or the year 5000...So in my personal opinion gold is the better option. Bitcoin is no doubt the best digital commodity, but digital can always be wiped out and thats not a risk I would take if I had the option to own gold over bitcoin!

But as RUEHL mentioned earlier, how can you verify that it is real gold before picking the gold? Tongue

Maximizer

newbie

Activity: 18

Merit: 0

Well in my opinion it's a hard pick as there are both limited resources of both so eventually they will be rare commodities, so either will be valuable...
In my opinion, Gold is worth something no matter if it is the year 1000 or the year 5000...So in my personal opinion gold is the better option. Bitcoin is no doubt the best digital commodity, but digital can always be wiped out and thats not a risk I would take if I had the option to own gold over bitcoin!

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: SelbyTsang on May 03, 2014, 10:43:48 AM

Off-topic but I am curious, did the people being interviewed really get the bitcoin and gold?

Yes. They really got the Bitcoin or gold. Just one gram of gold or eqv. BTC (equivalent to $40). One guy was saying in the video that it is one oz. of gold, which was incorrect. So not a very big amount.

SelbyTsang

hero member

Activity: 577

Merit: 504

Quote from: kekky on April 26, 2014, 01:59:13 PM

Picture this. You get approached on the street and offered a straight deal: walk away with Bitcoin or walk away with gold of the same value. If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick?

Asians and Westerners were asked in Taipei in Chinese and English if they would take Bitcoin or gold home with them that day, and the answer might surprise you...

http://www.youtube.com/watch?v=m6GiC8dqN9A

We just shot a video outside the Taipei 101 skyscraper area here and gave people a chance to answer if they would walk away with either Bitcoin or gold- and why.

If you were approached and were offered the same deal, would you walk away with Bitcoin or gold in your pocket, and why???

Nice experiment, and nice video with both Chinese and English subtitles.
Off-topic but I am curious, did the people being interviewed really get the bitcoin and gold?

SelbyTsang

hero member

Activity: 577

Merit: 504

Quote from: bryant.coleman on May 03, 2014, 10:35:01 AM

Quote from: RUEHL on May 02, 2014, 01:02:02 PM

If it were some random guy on the street that came up to me, I'd pick Bitcoin. At least you can verify authenticity within minutes. For gold, gotta wonder if it's gold plated. Also, sometimes they drill the inside of bars and place tungsten inside.

lol... random guys don't approach anyone in the street with gold bars. Grin

Hey, you don't expect a giveaway with gold bars, right? Cheesy

I was always picturing OP's case with a small gold coin lol.

beetcoin

sr. member

Activity: 434

Merit: 250

most people chose bitcoin, if they were guys.. and if not young guys, they chose gold. so what's surprising about that?

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: RUEHL on May 02, 2014, 01:02:02 PM

If it were some random guy on the street that came up to me, I'd pick Bitcoin. At least you can verify authenticity within minutes. For gold, gotta wonder if it's gold plated. Also, sometimes they drill the inside of bars and place tungsten inside.

lol... random guys don't approach anyone in the street with gold bars. Grin

If someone approaches me with an offer to sell gold, I will take him to a pawn shop and check for the authenticity of his bullion. Will take a bit of time, but better to be safe than sorry later.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: RUEHL on May 02, 2014, 01:02:02 PM

If it were some random guy on the street that came up to me, I'd pick Bitcoin. At least you can verify authenticity within minutes. For gold, gotta wonder if it's gold plated. Also, sometimes they drill the inside of bars and place tungsten inside.

If the gold were truly authentic, I would still pick Bitcoin as I think it has higher potential.

BTW, I do have some gold jewelry at home I got from a girl that wanted me to sell her a $350 netbook, and used gold name brand jewelry as collateral. That was 5 years ago and the girl never paid me back cash to get back her jewelry. That same laptop is probably worth $50 now, while the jewelry still holds it's value.

although....
That latptop would make a good cold storage device now

Yakamoto

legendary

Activity: 1218

Merit: 1007

I'd take the gold, and sell 1/2 for BTC. That way if BTC skyrockets or plummets, I won't lose everything, plus I like physical asserts, so gold with have always at least a bit of value, somewhere. 1/2 gold 1/2 BTC, so if either rises or drops, I won't lose everything.

Beef Supreme

full member

Activity: 140

Merit: 100

Put your trust in MATH.

Quote from: RUEHL on May 02, 2014, 01:02:02 PM

If it were some random guy on the street that came up to me, I'd pick Bitcoin. At least you can verify authenticity within minutes. For gold, gotta wonder if it's gold plated. Also, sometimes they drill the inside of bars and place tungsten inside.

If the gold were truly authentic, I would still pick Bitcoin as I think it has higher potential.

BTW, I do have some gold jewelry at home I got from a girl that wanted me to sell her a $350 netbook, and used gold name brand jewelry as collateral. That was 5 years ago and the girl never paid me back cash to get back her jewelry. That same laptop is probably worth $50 now, while the jewelry still holds it's value.

Not if that laptop has BTC on it! Grin

RUEHL

full member

Activity: 126

Merit: 100

If it were some random guy on the street that came up to me, I'd pick Bitcoin. At least you can verify authenticity within minutes. For gold, gotta wonder if it's gold plated. Also, sometimes they drill the inside of bars and place tungsten inside.

If the gold were truly authentic, I would still pick Bitcoin as I think it has higher potential.

BTW, I do have some gold jewelry at home I got from a girl that wanted me to sell her a $350 netbook, and used gold name brand jewelry as collateral. That was 5 years ago and the girl never paid me back cash to get back her jewelry. That same laptop is probably worth $50 now, while the jewelry still holds it's value.

bananahunter67

sr. member

Activity: 392

Merit: 265

Bitcoin.
I read a Christian prophecy ehich says that gold will loose its value in total at the end of the world and its value is already decreasing.
Also there is another prophecy saying that fiat money will totally dissapear and electronic money will replace them.
Everything is happening already and we are close to the end of the world...

Nicolas Dorier

hero member

Activity: 714

Merit: 662

And what if that is true :
http://gizmodo.com/5948739/researchers-discover-bacteria-that-can-produce-pure-gold
A bacteria that can produce gold.

At least no bacteria will shit bitcoins.

gagalady

legendary

Activity: 938

Merit: 1000

Quote from: MegaHustlr on May 02, 2014, 05:19:52 AM

Quote from: sabreezie on May 01, 2014, 02:49:44 PM

What if next big gold source somewhere on the earth would be found and the price of gold go down? I'll take BTC!

Im not sure finding a big source would affect the price greatly but by all means take btc Cheesy

It would effect the price for sure. But Bitcoin has just more potential than gold as we saw how bitcoin price was bouncing , we see that the price isn't stable so that a good risky investment.

MegaHustlr

hero member

Activity: 601

Merit: 500

Vote 4fryn :)

Quote from: sabreezie on May 01, 2014, 02:49:44 PM

What if next big gold source somewhere on the earth would be found and the price of gold go down? I'll take BTC!

Im not sure finding a big source would affect the price greatly but by all means take btc Cheesy

Beef Supreme

full member

Activity: 140

Merit: 100

Put your trust in MATH.

BTC

Why, cause gold has A LOT of blood on its hands.

Look at all the atrocities that have occurred (are occurring?) when gold/silver is found underneath someone else's feet.

sabreezie

newbie

Activity: 39

Merit: 0

What if next big gold source somewhere on the earth would be found and the price of gold go down? I'll take BTC!

MegaHustlr

hero member

Activity: 601

Merit: 500

Vote 4fryn :)

Quote from: kekky on April 26, 2014, 01:59:13 PM

Picture this. You get approached on the street and offered a straight deal: walk away with Bitcoin or walk away with gold of the same value. If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick?

Asians and Westerners were asked in Taipei in Chinese and English if they would take Bitcoin or gold home with them that day, and the answer might surprise you...

http://www.youtube.com/watch?v=m6GiC8dqN9A

We just shot a video outside the Taipei 101 skyscraper area here and gave people a chance to answer if they would walk away with either Bitcoin or gold- and why.

If you were approached and were offered the same deal, would you walk away with Bitcoin or gold in your pocket, and why???

Walk away with gold, try to sell it higher the same day if you cant buy bitcoinwith the gold. WIN

zolace

sr. member

Activity: 364

Merit: 250

Very informative and interesting video. Well done. And yeah, of course people are gonna pick gold. give bitcoin another few years

Snippetz

newbie

Activity: 7

Merit: 0

I would choose gold any day of the week.

Bitcoin is nice for the convenience of use for online purchases and it can be brought with you anywhere you want, sure that's a nice feature, and it can't be counterfeit etc etc...

But gold is recognized everywhere in the world. You bring a piece of gold jewelry to a poor or rich country and I guarantee they would recognize it as gold and hold value to it.

Gold is also a store of wealth more than it is an investment. Gold's primary purpose is a store of wealth for those who don't want or trust fiat currency.

It is unfortunate, however, that the gold/silver market is heavily manipulated hopefully someone cracks down on the banks illegal activity with price fixing.

Topic: Bitcoin or Gold? What would you pick? - page 6. (Read 7804 times)