Bitcoin or Gold? What would you pick? - page 8.

keithers

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This is the land of wolves now & you're not a wolf

Quote from: Valerian77 on April 27, 2014, 07:57:18 PM

There is one difference. Bitcoin relies on the internet and the blockchain. In some szenarios, eg. an extreme solar storm, the internet may not be available for some time. Disadvantage of gold is its physical appearance which makes it vulnerable to regulations.

How does gold's physical appearance make it vulnerable to regulations?

BiTJack

hero member

Activity: 806

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Well bitcoin every time most of the reasons has been already expalin why.
But if i can have both i'll never say 60% btc & 40% in Gold.

joae1975

hero member

Activity: 752

Merit: 500

Gold is produced by a dead star. Hard to compete with that. The Au/Ag market is being manipulated. They can't hold out forever. Dude gave me gold plus cash for a Jupiter miner last week, I thought he was crazy. But then again he probably thought I was crazy. So much bias here. Go to a gold forum and make the same argument, it'll be the exact opposite. Clear the emotion from your argument. Gold/silver can't be easily stolen, it's stood the test of time, thousands of years. Governments want it. You should want what governments want. No gov wants btc. They want guns/ammo too. Those are real. Btc can only prevail if mass adoption takes place. As soon as btc price spikes again, and it prob will, it'll crash again too, maybe harder next time. People are going to dump them like a big shit. It's a bubble.

Valerian77

sr. member

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There is one difference. Bitcoin relies on the internet and the blockchain. In some szenarios, eg. an extreme solar storm, the internet may not be available for some time. Disadvantage of gold is its physical appearance which makes it vulnerable to regulations.

sana8410

sr. member

Activity: 448

Merit: 250

We don't need make a choice between gold and Bitcoin. These two things can coexist. Gold has its own purposes and shortcomings, as does Bitcoin. They exist for completely different purposes in completely different categories. And to claim that one is "better" than another is simply comparing apples to oranges.

TrailingComet

sr. member

Activity: 462

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Bitcoin every single time
Not even a contest!

mktrader

member

Activity: 84

Merit: 10

Hello World!!!

Gold is good, but I've chosen Bitcoin because it can appreciate in value many times over!

dharmapuriharithaa

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Both Bitcoin and gold are interchangeable, So i will accept both.

bryant.coleman

legendary

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Quote from: keithers on April 27, 2014, 01:13:59 AM

If you can get some of both that would be the best for you. It is always best to have money spread out over different things obviously.

Yes.... if your portfolio is more diverse, then the more risk-free it becomes. But at the same time, risk-free investments will give you a (somewhat) fixed percentage of returns. For example, you can expect at the most a 20% per year annual profit from you bullion stash. But if you invest in Bitcoins,who knows, you may even get a 200% return. Grin

tins

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Quote from: keithers on April 27, 2014, 01:13:59 AM

If you can get some of both that would be the best for you. It is always best to have money spread out over different things obviously.

Well, obviously Roll Eyes

But the OP posed a hypothetical question.
That's what we were answering...

keithers

legendary

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This is the land of wolves now & you're not a wolf

If you can get some of both that would be the best for you. It is always best to have money spread out over different things obviously.

activebiz

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I would take the bitcoins and hope its value will increase in a few years

keithers

legendary

Activity: 1456

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This is the land of wolves now & you're not a wolf

It's funny how after investing in crypto, everything else almost seems boring. I guess you get used to the wild swings, which make other investment vehicles seem so slow...

Don't get me wrong, I have a diversified holding of different assets, but BTC and LTC are truly the only ones that I check on a daily basis.

tins

hero member

Activity: 882

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I would also pick BTC in this situation.
Although I am a fan of both, I see more growth potential over the next few years with bitcoins.

gentlemand

legendary

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Welt Am Draht

I would go for Bitcoin. The gold market is relatively staid. I've no idea where BTC will end up and that's what is exciting about it.

elavenil

full member

Activity: 182

Merit: 100

Gold price is increasing for last 5 days.
Bitcoin price is decreasing for last 5 days.
SO i choose gold.

dbshck

staff

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Crypto Swap Exchange

Bitcoin ! Although it is very risky due to its high volatility now, but it is still new. It is an advanced technology, gold is soooo traditional and old hahaha

elavenil

full member

Activity: 182

Merit: 100

Gold

I can covert it anytime to bitcoin.

nkocevar

sr. member

Activity: 294

Merit: 250

I would have to say bitcoin all the way... There is much more risk involved, but the potential return is huge. Plus im a risky kind of guy

luckyluigi

member

Activity: 239

Merit: 10

Quote from: Tsquared on April 26, 2014, 02:51:13 PM

BTC because I'd have no way to verify the gold but I would be able to verify the authenticity of the BTC. I used to be involved in the jewelry business, and I can assure you that you have a much higher chance of being scammed dealing with gold than you do dealing with BTC.

TT

This, plus you'd have to walk around with gold, and to spend it, you'd have to liquidate it first.

Topic: Bitcoin or Gold? What would you pick? - page 8. (Read 7804 times)