Topic: I BUY GOLD OR BITCOIN? - page 42. (Read 10991 times)

Either of the two is good. Gold and Bitcoin is both worth buying but buying, or investing to bitcoin is somehow risky. Lets talk about why the two them are worth buying or investing, it is very simple, simply because they have the value that can be converted as money, so they function as money bitcoin and gold can do buy such thing even if it is expensive. So, about being risky, bitcoin is risky, why? Because what have you said is true it is decentralized there ain't no such thing who runs bitcoin, random people are working for this, thus there is a possibility that bitcoin might not be usable if the government go against it. But again they are both worth buying because they both have the value of money.

Buy gold or bitcoin???
You can buy/invest bitcoin for high profit in future but have high risk
You can buy gold for cheap profit but safe
I recommended for high profit is bitcoin

i have read a article on internet that gold prices will be down soon. But, it is a standard investment because of the presence it has in your hands. BTC is always a quick investment and profit.

Part of what we know, gold is the most dominant possession we have, but if I am personally proposed to choose gold or bitcoin, I will choose bitcoin, because for me bitcoin is the most expensive gold, if we have bitcoin is not possible will have gold, gold no 2 for me for now, and bitcoin no 1, gold can we have through bitcoin, with note we should be able to play our own bitcoin mine

A gold investment is more stable and there are no such big risks. With bitcoin there is the possibility to exponentially increase the investment as well as fast decrease, and all this in a few hours. In my opinion, with bitcoin there are much bigger chances to increase the investment.

Bitcoin is a blockchain-based cryptocurrency that shares some properties with its gold counterpart. In fact, many have called Bitcoin “digital gold” in the past due to its weak relationship with all other assets–stocks especially. Market participants may remember last year when the price of one Bitcoin surpassed that of a single troy ounce of gold for the first time. Currently, Bitcoin’s price is near $18,000 , but how is it so valuable? More importantly, should those running from stocks consider investing in the cryptocurrency?

Like gold, there is a limited amount of Bitcoin. It must be mined , though not with drilling machinery. Instead, the digital currency is mined with the total computer power of its vast network of users, who process transactions on the blockchain for a small amount of Bitcoin. At an estimated cap of 21 million Bitcoins, demand has a magnified effect on the cryptocurrency’s price.

Comparing the Two
For hundreds of years, gold has dominated the safe-haven asset arena, and it is yet unknown if Bitcoin presents a real threat. There are some small, but potentially significant differences between Bitcoin and Gold in 2017:

Transparency, Safety, Legality
Gold’s established system for trading, weighing and tracking is pristine. It’s very hard to steal it, pass off fake gold, or otherwise corrupt the metal. Bitcoin is also difficult to corrupt, thanks to its encrypted system and complicated algorithms, but the infrastructure to ensure its safety is not yet in place. The Mt. Gox disaster is a good example of why Bitcoin traders must be wary. In this disruptive event, a popular exchange went offline, and all but stole its users’ Bitcoins, totaling around $460 million. Legally, there are few consequences for such behavior, as Bitcoin remains  difficult to track with any level of efficiency.

Rarity
Gold can continue to be mined, but eventually there will be no more Bitcoin. The algorithm that manages the blockchain rewards miners for verifying and processing transactions, but in as little as 10 years, the supply will run out. This higher level of scarcity means that Bitcoin could have a higher price ceiling than gold and is the most important catalyst for the current speculative bubble.

Baseline Value
While gold is physically useful for jewelry and industry, Bitcoin’s applications are not yet clear. So far, it is a digital instrument of speculation and value transferability, but it is difficult to buy things with and has limited utility as currency. Being an exclusively faith-based currency is price-positive when there is popular support, but the opposite might also be true. There’s not much stopping Bitcoin from hitting $0 other than belief. As the world saw during the Dutch Tulip Mania, this could have adverse consequences.


Volatility
Largely due to the properties above, Bitcoin is more volatile compared to gold. As price increases, people’s opinions on the revolutionary currency become stronger than ever. This newfound confidence will accordingly cause wild price swings. “There have been very volatile days on the market since Bitcoin crossed the $2000 rate”, says Yoni Berger, analyst at CryptoPotato, a news site dedicated to exploring current issues regarding Bitcoin and other alternative cryptocurrencies.

Liquidity
It’s much easier to get cash for gold than cash for Bitcoin. In the limited number of exchanges that allow fiat withdrawal, all impose daily limits, meaning that Bitcoin is not as liquid as it could be. People world-wide gold and are willing to pay for it while Bitcoin’s market is limited.


How to Balance Your Portfolio?
In the face of a declining stock market, which is better for one’s portfolio: Bitcoin or gold? Gold is still a winner though that could change soon. Gold is always a smart addition to any portfolio due to its historical reliability and real value, but Bitcoin is starting to become a worthwhile option. Modern investors would be smart to keep a small amount of both in their account, but should also be wary of over-investing in a currency with an opaque future. If Bitcoin can prove its value, however, gold may have a real competitor for the safe-haven asset of choice.

I preferred to bitcoin because even though it is quiet expensive but the movement is consistently breaking records. And i'm so impressed with its performance at present which reaches almost 17K bracket, This is totally amazing:)

That is true that Gold has a very stable price but if you want to have huge profit then you will buy bitcoin because bitcoins price and value is very amazing always increasing slow decreasing yes its price is unpredictable but it goes higher as always that make us rich.

If they're ready to fasten their seatbelts and enjoy the ride, they're eligible for bitcoin investment

I would suggest buying btc and gold as well. Since they are two different kinds of assets. Due to its unique properties, gold has been a precious metal since ancient times, and it will remain so. Gold prices in the market never drop too low and never jump too high, so you can't get much revenue from it. On the other hand, a btc is a virtual, not fiat tangible asset and dealing with it emplies much risk. The btc price has grown in the market thousand folds and is doomed to grow more. There is high risk involved and also high revenue. Which way do you choose to go is for you to decide.

In my perspectives, I would prefer Bitcoin than gold simply because it is more profitable for havinf a much higher rate of increase on its market value compared to Gold. The market price of Bitcoin is way higher than gold's. So with that, I think Bitcoin would be a better investment than gold especiallt if it is legal to your country.

if you want to earn money invested in bitcoin, if you just want to put your money in a secure way buy gold

I think you should but the bitcoin, becasue the value rising rate of the bitcoin is very high and the value rising of the gold is not coparable with the bitcoin, so if you buy bitcoin it will pumps your wallet of the dollar that you have invest to buy the bitcoin. also there is no tax on bitcoin while there is tax to pay on the gold if you want to buy.

Bitcoin ofcourse. Bitcoin provides more securities than gold. Since these days the company and management of bitcoin perform excellent in the public so they reach $17,000.00 per bitcoin;
they can assured you a high return on investment

For risk-taker bitcoin would definitely better than gold specially now that bitcoin is being known by more and more people worldwide and demand for it continue to rise and mining is being difficult but still have the chance to crash anytime so  practically gold is still the safer choice because it is tangible and price will surely increasing because gold is used in many industries and can't be done artificially.

both are good for investing your money in. in my opinion i think gold is more stable than bitcoin. the price of bitcoin despite rising rapidly can fall rapidly tomorrow while gold has been stable for a long time. so it's up to you. buy gold and feel safe about your money or risk your money and buy bitcoin.

Bitcoin is the new Gold!

I will for sure go for buying of bitcoin instead of putting my money into gold. In fact, most of the investors will do the very same thing. Bitcoin is actually helping its investors in making of very good amount of money and there are number of people who are selling their gold in order to invest their money into bitcoin. Gold is very much stable in nature and it is not helping that much in having lot of profit as bitcoin is doing.

For me I will buy gold. Bitcoin and gold are the same it may have a not consistent price, it's value may change anytime. I will buy and invest at gold. Because for me it is more safer than bitcoin and I will keep on joining in a campaign to earn bitcoin without giving or investing any amount of money. So I can earn bitcoin and it is not risky instead of buying to trade it. And the price of gold is not going to roll back in a big value in a few days or week compair in bitcoin it may change the value any time of the day.

I highly prefer that you should buy bitcoin rather than gold because gold's value is not increasing massively unlike bitcoins that it is increasing its value periodically and that is accurate which you can already see at the market as of now.