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Topic: Is gold better than Bitcoin? - page 19. (Read 42139 times)

sr. member
Activity: 616
Merit: 252
October 11, 2016, 06:08:25 AM
Gold and bitcoin is the same. The value will go up when the USD goes down. It's as simple as that.
sr. member
Activity: 280
Merit: 253
October 11, 2016, 05:23:58 AM
i agree on most of your points, but gold could lose its value if we found a big amount (meteor with gold crashes on earth/a big new mine). bitcoin is safer in this one point as we now the maximum amount. golds value will maybe fall, but never to zero, something that is possible with bitcoin.

Because gold rich meteor's hit the earth on a regular basis - not  Roll Eyes

A far more likely scenario is another large bitcoin exchange will be hacked causing the price to plummet.
the titanic will never sink and the house market never crash. do you need more examples? i never sad it will happen, but that it is possible. and afterwards everybody wonder why we never thought about it before. also my point was, that the max amount of bitcoin is certain and the amount of gold not.
legendary
Activity: 2254
Merit: 1043
October 11, 2016, 05:16:43 AM
i agree on most of your points, but gold could lose its value if we found a big amount (meteor with gold crashes on earth/a big new mine). bitcoin is safer in this one point as we now the maximum amount. golds value will maybe fall, but never to zero, something that is possible with bitcoin.

Because gold rich meteor's hit the earth on a regular basis - not  Roll Eyes

A far more likely scenario is another large bitcoin exchange will be hacked causing the price to plummet.
sr. member
Activity: 280
Merit: 253
October 11, 2016, 05:04:44 AM
For me Gold is better than Bitcoin because Gold has demonstrated reliability. Civilizations have traded Gold since early times. and it continues to be used by dealers and investors with great enthusiasm today. Gold is also sure to never lose its intrinsic value as a Precious Metal with numerous practical applications.
i agree on most of your points, but gold could lose its value if we found a big amount (meteor with gold crashes on earth/a big new mine). bitcoin is safer in this one point as we now the maximum amount. golds value will maybe fall, but never to zero, something that is possible with bitcoin.
hero member
Activity: 1078
Merit: 514
October 11, 2016, 01:12:56 AM
I do not know what is better. Depends from the targets. If you want to invest and make your money grow better to chose Bitcoin, it shows fast temps of grow last few years. And if you just need an instrument to hold your money, better buy gold and your money will stay on the good level and will rise together with inflation. So everyone will chose for himself or herself what the final result is needed, and after that chose bitcoin or gold.
hero member
Activity: 1134
Merit: 502
October 11, 2016, 01:08:38 AM
For me Gold is better than Bitcoin because Gold has demonstrated reliability. Civilizations have traded Gold since early times. and it continues to be used by dealers and investors with great enthusiasm today. Gold is also sure to never lose its intrinsic value as a Precious Metal with numerous practical applications.
legendary
Activity: 3906
Merit: 1373
October 11, 2016, 01:00:00 AM
When AI takes over, it will use Bitcoin exclusively.    Cool
hero member
Activity: 714
Merit: 531
October 10, 2016, 10:17:32 PM
We know that gold has been in this world for generatiins now.  It was being used by our ancestors as their money and later on become a treasure for everyone.  It continue its price to rise.  It can be good if you can have both.  I do not have gold since I do not have money to buy it but I can always have bitcoins if I want to.  Bitcoin for me is a lot better than gold.  I can earn it and do the same just like fiat money.

I respect golds domination for all over centuries. But the fact that we have the same reason why we are not going to choose gold is because we are not able to buy it. So I would say that it is going to be a pick for bitcoin. Because bitcoin is more useful to me and the investments with bitcoin is easy to learn unlike with gold.
Correct that we need to consider the capacity of each person, Gold is good to invest for long term but it is too expensive it is required big amount of money while bitcoin is much affordable and easy to earn because it has more methods that we can gain profit.
hero member
Activity: 994
Merit: 544
October 10, 2016, 10:01:27 PM
We know that gold has been in this world for generatiins now.  It was being used by our ancestors as their money and later on become a treasure for everyone.  It continue its price to rise.  It can be good if you can have both.  I do not have gold since I do not have money to buy it but I can always have bitcoins if I want to.  Bitcoin for me is a lot better than gold.  I can earn it and do the same just like fiat money.
sr. member
Activity: 294
Merit: 251
October 10, 2016, 07:59:57 PM
"Is gold better than Bitcoin? "

For me Bitcoin is better than gold.

Because if I invest in gold (jewelry) in my country and sale at a certain time (when price increases)
then I have to sale at a 20% less from the actual value. So I think that is a loss.
And 20% increase in value is very tough I think... Its slow.

But bitcoin is different for me. Because I found it more profitable.

I also sometimes wonder about the "existence" of bitcoin in future  Roll Eyes  Huh

Gold is better than bitcoin in security while bitcoin is better than gold in profits, because if you invest in gold your money will be more secure as that has been around from a longer time while if you invest with bitcoin you will get more profits as it grows faster than gold.

You are buying gold in the wrong place dude Wink Try to buy direct from miners instead of jewelry next time, you also can buy from miners and sell in big cities and make some profit.
And Bitcoin speculation nowadays is a joke, you can skip this from now, the price will not move so early.

Yeap, Bitcoin can disapear, gold will stay on your hands.
hero member
Activity: 1498
Merit: 596
October 10, 2016, 01:28:18 PM
"Is gold better than Bitcoin? "

For me Bitcoin is better than gold.

Because if I invest in gold (jewelry) in my country and sale at a certain time (when price increases)
then I have to sale at a 20% less from the actual value. So I think that is a loss.
And 20% increase in value is very tough I think... Its slow.

But bitcoin is different for me. Because I found it more profitable.

I also sometimes wonder about the "existence" of bitcoin in future  Roll Eyes  Huh

Gold is better than bitcoin in security while bitcoin is better than gold in profits, because if you invest in gold your money will be more secure as that has been around from a longer time while if you invest with bitcoin you will get more profits as it grows faster than gold.

Well said. 100% true
hero member
Activity: 756
Merit: 500
October 10, 2016, 01:25:31 PM
"Is gold better than Bitcoin? "

For me Bitcoin is better than gold.

Because if I invest in gold (jewelry) in my country and sale at a certain time (when price increases)
then I have to sale at a 20% less from the actual value. So I think that is a loss.
And 20% increase in value is very tough I think... Its slow.

But bitcoin is different for me. Because I found it more profitable.

I also sometimes wonder about the "existence" of bitcoin in future  Roll Eyes  Huh

Gold is better than bitcoin in security while bitcoin is better than gold in profits, because if you invest in gold your money will be more secure as that has been around from a longer time while if you invest with bitcoin you will get more profits as it grows faster than gold.
hero member
Activity: 1498
Merit: 596
October 10, 2016, 01:01:54 PM
"Is gold better than Bitcoin? "

For me Bitcoin is better than gold.

Because if I invest in gold (jewelry) in my country and sale at a certain time (when price increases)
then I have to sale at a 20% less from the actual value. So I think that is a loss.
And 20% increase in value is very tough I think... Its slow.

But bitcoin is different for me. Because I found it more profitable.

I also sometimes wonder about the "existence" of bitcoin in future  Roll Eyes  Huh
legendary
Activity: 2030
Merit: 1030
Privacy is always important
October 10, 2016, 12:50:06 PM
It actually depends on the people.
Gold is better if you want to have a secure investment. 
However, bitcoin is also good. You just need a large capital and try to invest in it. Hold them all and wait til the price go so high before you sell them.

If you have a large capital in bitcoins then you don't need to hold them all for a long term to earn some profits with them but you can earn that profit in less time with trading, just read and learn the basics of trading and start.
And you are right that gold is more secure than bitcoin.
I don't think gold is more secure than bitcoin. both are secure but we just need to protect them both with the terms of safety and security.
if we don't care of them then nothing of them could be save. thief are everywhere.
Yes the security of both gold and bitcoin is in our hands.. if we can secured them as much as possible its always safe and no one can thieves it..
For gold i think there is  a good place to secured it there is a banks that can put your gold into safe place.. for bitcoins even we just increase our passphrase can increase our security plus adding 2 factor authentic is more secured and no one can hack it.
hero member
Activity: 1498
Merit: 502
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
October 10, 2016, 12:20:55 PM
It actually depends on the people.
Gold is better if you want to have a secure investment. 
However, bitcoin is also good. You just need a large capital and try to invest in it. Hold them all and wait til the price go so high before you sell them.

If you have a large capital in bitcoins then you don't need to hold them all for a long term to earn some profits with them but you can earn that profit in less time with trading, just read and learn the basics of trading and start.
And you are right that gold is more secure than bitcoin.
I don't think gold is more secure than bitcoin. both are secure but we just need to protect them both with the terms of safety and security.
if we don't care of them then nothing of them could be save. thief are everywhere.
sr. member
Activity: 434
Merit: 250
October 10, 2016, 12:13:29 PM
Gold is manipulated in the markets way more than Bitcoin.    Cool
so this makes gold better or worse than bitcoin? but seriously what do you mean? pump and dump or something? i always can decide if i want to buy or sell at a price. nobody is forcing me.

Worse of course... Check about the Fort Knox, they say they have tons of gold however none can see this, neither the president  Roll Eyes So in this way they can control the price, if one day someone goes there and see no gold, can you imagine the caos?

Yes, the market forces you, you will sell/buy the the current price, neither more, neither less Wink
sr. member
Activity: 280
Merit: 253
October 10, 2016, 11:20:17 AM
Gold is manipulated in the markets way more than Bitcoin.    Cool
so this makes gold better or worse than bitcoin? but seriously what do you mean? pump and dump or something? i always can decide if i want to buy or sell at a price. nobody is forcing me.
hero member
Activity: 952
Merit: 1000
October 10, 2016, 11:11:02 AM
I believe gold is not better than Bitcoin but Bitcoin also not better than gold. Reason for this is like people pointed out they are both good for different goals.
So it all depends on which goals you have for some goals gold is better for some goals bitcoin will do you better.

Both have their own advantages and disadvantages and it will depend on individual in what sense he wants to make money, if you are a safe player then you will choose gold or else bitcoin.

gold is for people always the safest option. especially because of the fact that a lot people see gold as some sort of safe haven. another important aspect for the average person is that with gold you own something physical. i quite often hear that they can't hold bitcoin in their hands, and thus it's not real money to them. very weird.

Yeah people have more faith in something that they can hold physically and for the same reason they prefer to invest in bitcoin  and having gold is a status symbol and doesnt' goes same for the bitcoins.
legendary
Activity: 3906
Merit: 1373
October 10, 2016, 11:05:52 AM
Gold is manipulated in the markets way more than Bitcoin.    Cool
legendary
Activity: 3374
Merit: 1824
October 10, 2016, 11:03:43 AM
In my opinion, Bitcoin is much better as liquid financial asset, virtual currency, for fast and secure online payments.
Gold is long term financial instrument and safe way to protect wealth.
So, I don't think really that we can compare gold and Bitcoin.
People have very different reasons to use Bitcoin or to use Gold.
Don't confuse it.
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