Is gold better than Bitcoin? - page 30.

Doamader

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Quote from: Johnyloco on September 24, 2016, 12:05:18 PM

Gold is good but I do not consider it better than the bitcoin because it will sometime take so long to make profit with the gold.
Withe the bitcoin you can simply just make money in a short term.

Both has a good volatility but just bitcoin has a system to force the price to double, on short period of time something gold has achieve on the last 25-50 years, and now its controled by the countries as they wanna. I wouldnt say better i would say if you wanna to try to make a easy money do join bitcoin and invest into bitcoin.

pearnapple

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Quote from: Yakamoto on September 24, 2016, 11:01:26 AM

Quote from: peta4e on September 24, 2016, 10:43:14 AM

There is no rule to choosing only single product for making an investment, so I will choose to invest in both of them to get benefits from both of them in long run.

There are definitely pros and cons to each form of investing, and that basically means that, as you said, there really is no specific rule for having one or the other form of investing. Both have their own benefits, like volatility and the ability to make quick profits, or being used as a store of value. It just depends on a lot of things.

thats true, it depends on what you want, if you want big profit then just choose bitcoins and thats it i think

BitHodler

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Quote from: MaritiJames3 on September 24, 2016, 02:35:59 PM

Quote from: Mastsetad on September 24, 2016, 12:28:07 PM

Quote from: lionheart78 on September 24, 2016, 11:20:56 AM

At this point in my opinion, we cannot compare bitcoin to gold. In terms of history and trust. Gold had already established its value in the market while bitcoin is just starting to establish, it hasnt even rooted it's foundation yet in terms of government trust and economic purpose. While gold had been around for centuries and proven it's worth already.

No one should compare bitcoin to gold, as you mentioned that gold has been around for centuries now and it has a way higher value or trust among the people than bitcoin while bitcoin is almost new for most of the people in the world, and there are plenty differences between these two.

You are right, it is not a fair way to compare the both of them. Especially since bitcoin is still so you while gold has been here for centuries with many of it advantages bitcoin can't compete except for the part of innovation, which bitcoin has.

It's actually very normal that people compare Bitcoin with gold since these two options can do nearly exact the same things.

Both can be kept as store of value, as an investment, currency (yes, with gold it's a bit more difficult, but definitely not impossible), and don't forget to keep money outside the banking and governmental system.

MaritiJames3

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Quote from: Mastsetad on September 24, 2016, 12:28:07 PM

Quote from: lionheart78 on September 24, 2016, 11:20:56 AM

At this point in my opinion, we cannot compare bitcoin to gold. In terms of history and trust. Gold had already established its value in the market while bitcoin is just starting to establish, it hasnt even rooted it's foundation yet in terms of government trust and economic purpose. While gold had been around for centuries and proven it's worth already.

No one should compare bitcoin to gold, as you mentioned that gold has been around for centuries now and it has a way higher value or trust among the people than bitcoin while bitcoin is almost new for most of the people in the world, and there are plenty differences between these two.

You are right, it is not a fair way to compare the both of them. Especially since bitcoin is still so you while gold has been here for centuries with many of it advantages bitcoin can't compete except for the part of innovation, which bitcoin has.

crairezx20

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Quote from: Mastsetad on September 24, 2016, 12:28:07 PM

Quote from: lionheart78 on September 24, 2016, 11:20:56 AM

At this point in my opinion, we cannot compare bitcoin to gold. In terms of history and trust. Gold had already established its value in the market while bitcoin is just starting to establish, it hasnt even rooted it's foundation yet in terms of government trust and economic purpose. While gold had been around for centuries and proven it's worth already.

No one should compare bitcoin to gold, as you mentioned that gold has been around for centuries now and it has a way higher value or trust among the people than bitcoin while bitcoin is almost new for most of the people in the world, and there are plenty differences between these two.

You have the point and you right we dont need to compare them because bitcoin still new in our eyes.. bitcoin maid only 2010 and i think gold is the oldest mineral leave in earth..
We are just staying in bitcoin because of its easy to use and handle..

Mastsetad

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Quote from: lionheart78 on September 24, 2016, 11:20:56 AM

At this point in my opinion, we cannot compare bitcoin to gold. In terms of history and trust. Gold had already established its value in the market while bitcoin is just starting to establish, it hasnt even rooted it's foundation yet in terms of government trust and economic purpose. While gold had been around for centuries and proven it's worth already.

No one should compare bitcoin to gold, as you mentioned that gold has been around for centuries now and it has a way higher value or trust among the people than bitcoin while bitcoin is almost new for most of the people in the world, and there are plenty differences between these two.

BADecker

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Gold is way better than Bitcoin. I'm hodling my bitcoins 'til they are at least $10,000 a bitcoin. Then I will trade them for gold.

Grin

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I don't think so if you hold gold for like even years price will be in same range around where as price of bitcoin can get pumped hard within same time period as well as price of bitcoin is growing in like straight line with time in last few years.

Taki

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I think in this case I would pick up gold only if I would have lot of money and I need good place for holding that money without scare that tomorrow the price will change, default will come or something else. Cause the price for gold almost doesn't change and it is good way for holding big number of money in long period. Bitcoin is good for not so big money and for risky people it may become really good way for making money. Like you buy 10 bitcoins today and next year price is doubling. But I am not one of them. For me bitcoin is good way for underworking.

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Quote from: Johnyloco on September 24, 2016, 12:05:18 PM

Gold is good but I do not consider it better than the bitcoin because it will sometime take so long to make profit with the gold.
Withe the bitcoin you can simply just make money in a short term.

People who are aware about bitcoins will always prefer to make an investment in it as they are aware that it will help them in making quick profits in short term which is never possible with gold.

Johnyloco

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Gold is good but I do not consider it better than the bitcoin because it will sometime take so long to make profit with the gold.
Withe the bitcoin you can simply just make money in a short term.

bitdumper

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One world One currency, Bitcoin.

yes it is gold is a stable and physically strong asset and bitcoin is vertual but comparitavly not much strong like gold as both stuffs have almost equal price but completly have diffrent situations

chaosknight

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Quote from: Yakamoto on September 24, 2016, 11:01:26 AM

Quote from: peta4e on September 24, 2016, 10:43:14 AM

There is no rule to choosing only single product for making an investment, so I will choose to invest in both of them to get benefits from both of them in long run.

There are definitely pros and cons to each form of investing, and that basically means that, as you said, there really is no specific rule for having one or the other form of investing. Both have their own benefits, like volatility and the ability to make quick profits, or being used as a store of value. It just depends on a lot of things.

We need to take risk of investing money to get higher profits in future and at the same time we also need to play safe by making safer investment, so if one doesn't work we can recover it from other investment.

lionheart78

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At this point in my opinion, we cannot compare bitcoin to gold. In terms of history and trust. Gold had already established its value in the market while bitcoin is just starting to establish, it hasnt even rooted it's foundation yet in terms of government trust and economic purpose. While gold had been around for centuries and proven it's worth already.

Yakamoto

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Quote from: peta4e on September 24, 2016, 10:43:14 AM

There is no rule to choosing only single product for making an investment, so I will choose to invest in both of them to get benefits from both of them in long run.

There are definitely pros and cons to each form of investing, and that basically means that, as you said, there really is no specific rule for having one or the other form of investing. Both have their own benefits, like volatility and the ability to make quick profits, or being used as a store of value. It just depends on a lot of things.

peta4e

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There is no rule to choosing only single product for making an investment, so I will choose to invest in both of them to get benefits from both of them in long run.

Wandering Soul~

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Wolf

It will be hard to determine which one is better cause like every things, Bitcoin and gold has it's pros and cons. So I think It all depends on the user like the purpose of it for you/how are you going to use it. For me I chose bitcoin cause It's much easier to earn bitcoin than gold.

sbtctalk

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Quote from: BADecker on September 24, 2016, 10:18:55 AM

Quote from: allankey on September 24, 2016, 10:06:53 AM

Gold is an investment that withstood test of time but storage wise is a real concern. Are we supposed to keep it in a safe at home or rent a vault with the bank? These are additional upkeeps and concerns.

For bitcoins, we just need a 10 buck thumbdrive!

Oh, s**t! Where did I put that thumbdrive?! Cool

Perhaps, one live copy in thumbdrive, and the private keys to addresses are burnt to an optical disk (such as DVD) and stored in a camera dry box. The private keys should also be printed out and sealed in an air tight bad and kept it together with your will.

BADecker

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Quote from: allankey on September 24, 2016, 10:06:53 AM

Gold is an investment that withstood test of time but storage wise is a real concern. Are we supposed to keep it in a safe at home or rent a vault with the bank? These are additional upkeeps and concerns.

For bitcoins, we just need a 10 buck thumbdrive!

Oh, s**t! Where did I put that thumbdrive?! Cool

allankey

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Gold is an investment that withstood test of time but storage wise is a real concern. Are we supposed to keep it in a safe at home or rent a vault with the bank? These are additional upkeeps and concerns.

For bitcoins, we just need a 10 buck thumbdrive!

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