I have USD 2000 to invest. Should I buy Bitcoins or gold? - page 3.

Amph

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Quote from: Icardi09 on April 29, 2015, 06:24:42 AM

Lol, if you ask here in bitcoin community, they will answer you with BUY BITCOIN Cheesy

gold is not good enough recently, gold market is still sideways
but bitcoin market worse, as price keep failing Sad

yeah but at least bitcoin has a chance to skyrocket, while gold not that much, at best it will return to its ath no more

godlyitems

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Quote from: lumen on March 07, 2015, 03:59:21 AM

I have USD 2000 to invest. Should I buy Bitcoins or gold?

what you prefer can hold upto 1 year

I preffer but gold for the real life thing. Bitcoin also good but its today the rate of the bitcoin itself decrease, so i dont wanna take a risk to wait bitcoin coming high again.
But if you ask for only 1 year, i will probably choose bitcoin and try to take a risk from that.
High risk high return. At least the price will be increase this year.

randy8777

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Quote from: scat on April 29, 2015, 08:04:00 AM

you should buy bitcoin for that amount right now! and ask your friend that have $2000 USD to buy bitcoin too , so we will see bitcoin to the moon again Cheesy

making other people buy lots of coins to make bitcoin go to the moon so you can sell your coins, right? Wink

current price makes bitcoin a great investment.

manselr

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Quote from: tokeweed on April 29, 2015, 02:33:51 AM

Quote from: lumen on March 07, 2015, 03:59:21 AM

I have USD 2000 to invest. Should I buy Bitcoins or gold?

what you prefer can hold upto 1 year

Why don't you post the same question in a gold investors forum and see what they say. Cheesy

They'll of course tell him to buy gold. The difference is gold is boring and deprecated, while Bitcoin is new and exciting and it hasn't even begun. The gains to be made aren't comprehended until we see what happens in 5+ years. Meanwhile the gold market is not subjected to much change.

Hyena

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Quote from: scat on April 29, 2015, 08:04:00 AM

you should buy bitcoin for that amount right now! and ask your friend that have $2000 USD to buy bitcoin too , so we will see bitcoin to the moon again Cheesy

actually you should approach your parents and older relatives and ask them to buy bitcoins too because they are more likely to trust you.

scat

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you should buy bitcoin for that amount right now! and ask your friend that have $2000 USD to buy bitcoin too , so we will see bitcoin to the moon again Cheesy

Icardi09

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Lol, if you ask here in bitcoin community, they will answer you with BUY BITCOIN Cheesy

gold is not good enough recently, gold market is still sideways
but bitcoin market worse, as price keep failing Sad

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Quote from: lumen on March 07, 2015, 03:59:21 AM

I have USD 2000 to invest. Should I buy Bitcoins or gold?

what you prefer can hold upto 1 year

Why don't you post the same question in a gold investors forum and see what they say. Cheesy

jerelimZ

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id buy gold for now.. Bitcoin is still dumping.

Hyena

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Quote from: minerpumpkin on April 28, 2015, 07:32:23 PM

Quote from: funtotry on April 28, 2015, 05:19:03 PM

Quote from: fearlesscat10 on April 14, 2015, 08:36:25 AM

I think there's a lot more risk in Bitcoin, but generally I'd divide my assets. 50/50 gold and bitcoin. Or 75% to bitcoin. Don't put all your eggs in one basket.

Very true, if you pick one, either bitcoin or gold, if one of them goes to zero you are left with zero, however if you have half in each you are left with only half of your initial investment rather than having completely zero. It offers less returns, but less risk.

Diversifying and hedging is something novice traders and investors tend to forget. And that mistake can be a rather big one, if things go wrong. People get all euphoric when the price goes up and they can't even imagine losing their money. If things go wrong, though, there's no going back. Their investment is gone. Peoples' cognitive dissonance prevents them from anticipating this, unfortunately!

I personally have diversified into NuShares (first non-volatile cryptocurrency: nubits) and soon-to-be BlockShares (decentralized exchange) since both of these projects are a lot more than just another altcoin. I must say it feels good to hold different independent assets. On the 14th of January when BTC dropped to 152$ NSR more than doubled its price against BTC which is a clear sign of independence.

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Quote from: funtotry on April 28, 2015, 05:19:03 PM

Quote from: fearlesscat10 on April 14, 2015, 08:36:25 AM

I think there's a lot more risk in Bitcoin, but generally I'd divide my assets. 50/50 gold and bitcoin. Or 75% to bitcoin. Don't put all your eggs in one basket.

Very true, if you pick one, either bitcoin or gold, if one of them goes to zero you are left with zero, however if you have half in each you are left with only half of your initial investment rather than having completely zero. It offers less returns, but less risk.

Diversifying and hedging is something novice traders and investors tend to forget. And that mistake can be a rather big one, if things go wrong. People get all euphoric when the price goes up and they can't even imagine losing their money. If things go wrong, though, there's no going back. Their investment is gone. Peoples' cognitive dissonance prevents them from anticipating this, unfortunately!

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Quote from: fearlesscat10 on April 14, 2015, 08:36:25 AM

I think there's a lot more risk in Bitcoin, but generally I'd divide my assets. 50/50 gold and bitcoin. Or 75% to bitcoin. Don't put all your eggs in one basket.

Very true, if you pick one, either bitcoin or gold, if one of them goes to zero you are left with zero, however if you have half in each you are left with only half of your initial investment rather than having completely zero. It offers less returns, but less risk.

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fearlesscat10

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Quote from: oblivi on April 14, 2015, 01:07:36 PM

Quote from: deisik on April 14, 2015, 05:42:49 AM

Quote from: thejaytiesto on April 13, 2015, 12:11:30 PM

Quote from: Gyfts on April 11, 2015, 12:19:24 PM

For a stable investment, gold is the way to go. You're looking at a very risky investment with Bitcoin if your goal is to cash out in a year. It could be half it's price, it could be double the price. Gold retains its value more over time, so it's definitely a safer investment. In my opinion, I would go with the gold. I feel like the risk that Bitcoin inherits in terms of investment is too great. With gold, you're not going to bust completely.

Life is about time and money. With gold, you aren't beating time. To beat time, you need risk. With Bitcoin, you take a risk, but a reasonable amount of success is on the pipeline.

If you are just taking a risk without deeper understanding of what is going on underneath, you are most certainly bound to fail in the end. But if you do understand what's what, then your actual exposure to risk is greatly diminished, despite the fact that on the outside it may appear that you are risking gravely...

If you UNDERSTAND Bitcoin and you know how to put it within the current economical-political context, you'll realize that REAL long term (10 years+) it didn't even matter if you entered the market at 100 or 1000.

Do you mean if/when mass adoption occurs? Well, I agree that you could profit a lot if/when that happens. But I think OP just wanted a short term investment.

Quote

what you prefer can hold upto 1 year

oblivi

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Quote from: deisik on April 14, 2015, 05:42:49 AM

Quote from: thejaytiesto on April 13, 2015, 12:11:30 PM

Quote from: Gyfts on April 11, 2015, 12:19:24 PM

For a stable investment, gold is the way to go. You're looking at a very risky investment with Bitcoin if your goal is to cash out in a year. It could be half it's price, it could be double the price. Gold retains its value more over time, so it's definitely a safer investment. In my opinion, I would go with the gold. I feel like the risk that Bitcoin inherits in terms of investment is too great. With gold, you're not going to bust completely.

Life is about time and money. With gold, you aren't beating time. To beat time, you need risk. With Bitcoin, you take a risk, but a reasonable amount of success is on the pipeline.

If you are just taking a risk without deeper understanding of what is going on underneath, you are most certainly bound to fail in the end. But if you do understand what's what, then your actual exposure to risk is greatly diminished, despite the fact that on the outside it may appear that you are risking gravely...

If you UNDERSTAND Bitcoin and you know how to put it within the current economical-political context, you'll realize that REAL long term (10 years+) it didn't even matter if you entered the market at 100 or 1000.

fearlesscat10

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I think there's a lot more risk in Bitcoin, but generally I'd divide my assets. 50/50 gold and bitcoin. Or 75% to bitcoin. Don't put all your eggs in one basket.

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Quote from: thejaytiesto on April 13, 2015, 12:11:30 PM

Quote from: Gyfts on April 11, 2015, 12:19:24 PM

For a stable investment, gold is the way to go. You're looking at a very risky investment with Bitcoin if your goal is to cash out in a year. It could be half it's price, it could be double the price. Gold retains its value more over time, so it's definitely a safer investment. In my opinion, I would go with the gold. I feel like the risk that Bitcoin inherits in terms of investment is too great. With gold, you're not going to bust completely.

Life is about time and money. With gold, you aren't beating time. To beat time, you need risk. With Bitcoin, you take a risk, but a reasonable amount of success is on the pipeline.

If you are just taking a risk without deeper understanding of what is going on underneath, you are most certainly bound to fail in the end. But if you do understand what's what, then your actual exposure to risk is greatly diminished, despite the fact that on the outside it may appear that you are risking gravely...

thejaytiesto

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Quote from: Gyfts on April 11, 2015, 12:19:24 PM

For a stable investment, gold is the way to go. You're looking at a very risky investment with Bitcoin if your goal is to cash out in a year. It could be half it's price, it could be double the price. Gold retains its value more over time, so it's definitely a safer investment. In my opinion, I would go with the gold. I feel like the risk that Bitcoin inherits in terms of investment is too great. With gold, you're not going to bust completely.

Life is about time and money. With gold, you aren't beating time. To beat time, you need risk. With Bitcoin, you take a risk, but a reasonable amount of success is on the pipeline.

Gyfts

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For a stable investment, gold is the way to go. You're looking at a very risky investment with Bitcoin if your goal is to cash out in a year. It could be half it's price, it could be double the price. Gold retains its value more over time, so it's definitely a safer investment. In my opinion, I would go with the gold. I feel like the risk that Bitcoin inherits in terms of investment is too great. With gold, you're not going to bust completely.

ashour

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I would invest $1000 in bitcoin and $1000 in gold, after 1 year I would compare the two investments and see which one was more succesfull.

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