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Topic: Is gold better than Bitcoin? - page 24. (Read 42166 times)

hero member
Activity: 560
Merit: 500
October 06, 2016, 08:28:09 AM
Asking such a thing I think is not needed since they both got the potential to have a bigger value than it have now in the far future. Even if that's the case, I agree with op that people turn to gold is the answer to all our problems, but in reality it is not the answer to all our problems, since bitcoin has more potential to grow higher but has higher risk too than gold but taking risk is part of investing so Ill rather take risk in bitcoin but I think it ain't better than gold and the latter ain't better than bitcoin.
legendary
Activity: 2758
Merit: 1004
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October 06, 2016, 08:27:18 AM
I do not know, for the moment I do not know how gold works, but I prefer bitcoin than gold. Well, it is very easy to get bitcoin than gold, even easier to get bitcoin of the money in the real world. I also felt that the existing business in bitcoin wider than gold, so bitcoin is still better than gold
hero member
Activity: 924
Merit: 505
October 06, 2016, 08:15:16 AM
They are the same because gold can hold it in a long time its the same from bitcoin holding long time to this two are they both give profits. Gold have stable price but bitcoin can goes up and down but if you invest i think invest in gold and also in bitcoin. So its better them both for a short and long term investment.
legendary
Activity: 2044
Merit: 1075
Leading Crypto Sports Betting & Casino Platform
October 06, 2016, 08:08:41 AM
None of either is better than the other but they both serve for different investing purposes gold is stable and bitcoin isn't simple as that.
I prefer bitcoin purely because I want to make money and not save money permanently.

Looking at the present situation of bitcoin I have started to have a feeling that even bitcoin is getting stable like gold and to make profits from bitcoin we need to hold them for a really long term.
member
Activity: 65
Merit: 10
October 06, 2016, 08:03:40 AM
Gold and Bitcoin both have promising future and trading them could be profitable in long term run. Personally i trade Bitcoin but trading gold is profitable too in my opinion.

Trading gold is profitable indeed but never as profitable as bitcoin can be though so in a sense of which one if better for profit I'd pick bitcoin.
But there's ton of other stuff that gold excels at better than bitcoin does so..
hero member
Activity: 1008
Merit: 540
October 06, 2016, 07:29:37 AM
by see the title of this topic , it seems that it is easy to decide which is better ,that is bitcoin , but we read about Bitcoin than we became fearful that it is only data and can be loss if someone erase this data from internet .
here for long term investment gold will be better option then bitcoin .
Im really sure that bitcoin is better than gold because of you are fearful when using it then dont use it because your just scared of loosing money and you want a sure money in gold you cant high the price and 1 time earning only but in bitcoin you can earn per month per day depends on your activities bitcoins too are good in term of investment
newbie
Activity: 32
Merit: 0
October 06, 2016, 06:32:43 AM
both of it have their own advantages , but because i'm not investor i will choose bitcoin than gold  Grin
sr. member
Activity: 434
Merit: 250
October 06, 2016, 06:16:29 AM
None of either is better than the other but they both serve for different investing purposes gold is stable and bitcoin isn't simple as that.
I prefer bitcoin purely because I want to make money and not save money permanently.
legendary
Activity: 896
Merit: 1000
October 06, 2016, 06:14:07 AM
by see the title of this topic , it seems that it is easy to decide which is better ,that is bitcoin , but we read about Bitcoin than we became fearful that it is only data and can be loss if someone erase this data from internet .
here for long term investment gold will be better option then bitcoin .

Yes gold investment is safer in compare to bitcoins as we are sure that gold will always exist and won't disappear so easily, no doubt profit making process can be longer but that can be managed.

i also hear a lot people say that with bitcoin they can't hold it in their hands as a physical object like they can do with fiat and gold. that's also a reason why the average joe will most likely put more faith into gold than in bitcoin. i don't think this will ever change.
legendary
Activity: 1008
Merit: 1000
October 06, 2016, 06:05:12 AM
by see the title of this topic , it seems that it is easy to decide which is better ,that is bitcoin , but we read about Bitcoin than we became fearful that it is only data and can be loss if someone erase this data from internet .
here for long term investment gold will be better option then bitcoin .

Yes gold investment is safer in compare to bitcoins as we are sure that gold will always exist and won't disappear so easily, no doubt profit making process can be longer but that can be managed.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
October 06, 2016, 06:02:59 AM
by see the title of this topic , it seems that it is easy to decide which is better ,that is bitcoin , but we read about Bitcoin than we became fearful that it is only data and can be loss if someone erase this data from internet .
here for long term investment gold will be better option then bitcoin .
hero member
Activity: 1148
Merit: 528
October 06, 2016, 05:40:07 AM
for real life gold is better because lots of people more know about gold than bitcoin
also gold is physical and can used in real life
but bitcoin is better on online world, to payment around the world
i think gold and bitcoin is different so we cant compare them
That is definitely true. But as Bitcoin is up and coming, more and more people are learning about it. This means that in the future, Bitcoin will be the better investment, along with the fact that the price is rising.

No one knows what exactly happens in future because every one of us just predicting in future demand will go up and prices will go up but anything can happen. So it is always to good diversify your money and be a safer side in worse cases. I invested both in bitcoin and as well as in gold.
But whenever I do get doubts about the future of bitcoin, I just go and analysis the past performance of bitcoin price appreciations. That is the reason I'm having more saving with bitcoin but I am also having some gold. But the percentage of my gold and bitcoin saving differs and bitcoin saving is dominating my other types of savings.
hero member
Activity: 924
Merit: 1000
October 06, 2016, 05:11:23 AM
for real life gold is better because lots of people more know about gold than bitcoin
also gold is physical and can used in real life
but bitcoin is better on online world, to payment around the world
i think gold and bitcoin is different so we cant compare them
That is definitely true. But as Bitcoin is up and coming, more and more people are learning about it. This means that in the future, Bitcoin will be the better investment, along with the fact that the price is rising.

No one knows what exactly happens in future because every one of us just predicting in future demand will go up and prices will go up but anything can happen. So it is always to good diversify your money and be a safer side in worse cases. I invested both in bitcoin and as well as in gold.

Well that is the right thing to, its always good to diversify your investment and put your money in multiple products to minimize risk in future, so even if one investment fails you always have an choice of recovering from the other.
klf
legendary
Activity: 1344
Merit: 1000
October 06, 2016, 05:06:50 AM
for real life gold is better because lots of people more know about gold than bitcoin
also gold is physical and can used in real life
but bitcoin is better on online world, to payment around the world
i think gold and bitcoin is different so we cant compare them
That is definitely true. But as Bitcoin is up and coming, more and more people are learning about it. This means that in the future, Bitcoin will be the better investment, along with the fact that the price is rising.

No one knows what exactly happens in future because every one of us just predicting in future demand will go up and prices will go up but anything can happen. So it is always to good diversify your money and be a safer side in worse cases. I invested both in bitcoin and as well as in gold.
hero member
Activity: 1302
Merit: 540
October 06, 2016, 04:00:51 AM
Gold and bitcoin both are different type of asset and can't be compared with each other. While gold is a tangible asset, bitcoin is not a tangible asset and that makes a lot of difference.

With gold, you can make ornaments or simple can invest it for a long time to get appreciation value. But the appreciation is limited for gold. However, with bitcoin, you can't make anything fancy. Firstly you have to convert it into a fiat currency and then you can buy something with bitcoin. But interms of appreciation in value, bitcoin is a better choice for me.
thats right as gold already on its peak while bitcoin investment are still rising, with gold asset time and just little movement because it is already been traded for almost everywhere while bitcoin we cant say if how high it can be in the near future the diff is the capability to expand so better to choose bitcoin for me the high risk there is the high value can be.
hero member
Activity: 672
Merit: 500
October 06, 2016, 03:56:45 AM
Yes it is! bitcoin is better then gold, when it comes to physical there is big difference, for you to have a gold nowadays you need to have a big amount of money, while in bitcoin, for you to have it, there is no exact amount to be needed. And very easy to use because it has a lot of advantages and benefits to the users.

Actually gold also does not require you to have a lot of money in order to have it because you can also buy a portion of gold like how you buy bitcoins with that amount, but the difference there would be that if the gold you buy is small because gold is physical then that can be lost easily, but the smaller amount of bitcoin would be safer to be kept.
Gold is very very worthed, gold have no inflation wich make the price drop. it is different while you use fiat becouse it alwayse have inflation every years. an example if you buy a cow with $800 now, then if you buy the same cow in the next year the price of the cow would be higher about $801. That is becouse of the fiat inflation. But bitcoin price is grow every years against fiat. Everyone can have their own gold and Bitcoin. Amount of these is not a problem.
legendary
Activity: 3080
Merit: 1500
October 06, 2016, 03:31:59 AM
Gold and bitcoin both are different type of asset and can't be compared with each other. While gold is a tangible asset, bitcoin is not a tangible asset and that makes a lot of difference.

With gold, you can make ornaments or simple can invest it for a long time to get appreciation value. But the appreciation is limited for gold. However, with bitcoin, you can't make anything fancy. Firstly you have to convert it into a fiat currency and then you can buy something with bitcoin. But interms of appreciation in value, bitcoin is a better choice for me.
sr. member
Activity: 672
Merit: 250
October 06, 2016, 03:15:26 AM
Yes it is! bitcoin is better then gold, when it comes to physical there is big difference, for you to have a gold nowadays you need to have a big amount of money, while in bitcoin, for you to have it, there is no exact amount to be needed. And very easy to use because it has a lot of advantages and benefits to the users.

Actually gold also does not require you to have a lot of money in order to have it because you can also buy a portion of gold like how you buy bitcoins with that amount, but the difference there would be that if the gold you buy is small because gold is physical then that can be lost easily, but the smaller amount of bitcoin would be safer to be kept.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
October 06, 2016, 03:14:48 AM
for real life gold is better because lots of people more know about gold than bitcoin
also gold is physical and can used in real life
but bitcoin is better on online world, to payment around the world
i think gold and bitcoin is different so we cant compare them
That is definitely true. But as Bitcoin is up and coming, more and more people are learning about it. This means that in the future, Bitcoin will be the better investment, along with the fact that the price is rising.

So then if we are talking about a long term investment Bitcoin is better than gold. Of course right now it is much easier to sell gold than Bitcoin in most places of the world, but in the future (and I think this future is not far away) you'll be capable to exchange your coins for the local fiat almost in any town.
hero member
Activity: 700
Merit: 500
October 06, 2016, 03:07:56 AM
for real life gold is better because lots of people more know about gold than bitcoin
also gold is physical and can used in real life
but bitcoin is better on online world, to payment around the world
i think gold and bitcoin is different so we cant compare them
That is definitely true. But as Bitcoin is up and coming, more and more people are learning about it. This means that in the future, Bitcoin will be the better investment, along with the fact that the price is rising.
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