Is gold better than Bitcoin? - page 5.

Senor.Bla

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Quote from: airezx20 on October 22, 2016, 12:58:15 PM

Quote from: sugarfly on October 22, 2016, 12:47:04 PM

Quote from: tracktorr on October 22, 2016, 09:46:31 AM

As much as I love bitcoin, the credibility of the gold will not lose ever. If you keep all your savings in gold it is real security.

That is undeniable.
But sometimes I fear that having that much wealth concentrated in such small pieces of metal is not that kind of "distributed" security I would want to have.
Securing this metal becomes part of your very security, …
Bad security means someone (robbers, government, etc..) can very easily take those pieces of metal away from you.

And then what?

-sf-

Then it is same with bitcoin as well,bitcoin wallets can be hacked and you bitcoins can be robbed as well and same thing with any kind of money,its upto you how you keep them safely,weather bitcoin or gold.Actually i would feel more safe with gold because that would be under my own security.

that is the point. why do many of us like bitcoin? because no bank or government can take it away if you store it properly. and with gold it is more or less the same.
the robber part is the same for fiat, gold, bitcoin. if you depend on others to keep your valuables save, you are giving them the possibility to make a mistake or take advantage.
if you do it on your own, you are in control, but also responsible for mistakes you make. so do it right.

airezx20

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Quote from: sugarfly on October 22, 2016, 12:47:04 PM

Quote from: tracktorr on October 22, 2016, 09:46:31 AM

As much as I love bitcoin, the credibility of the gold will not lose ever. If you keep all your savings in gold it is real security.

That is undeniable.
But sometimes I fear that having that much wealth concentrated in such small pieces of metal is not that kind of "distributed" security I would want to have.
Securing this metal becomes part of your very security, …
Bad security means someone (robbers, government, etc..) can very easily take those pieces of metal away from you.

And then what?

-sf-

Then it is same with bitcoin as well,bitcoin wallets can be hacked and you bitcoins can be robbed as well and same thing with any kind of money,its upto you how you keep them safely,weather bitcoin or gold.Actually i would feel more safe with gold because that would be under my own security.

sugarfly

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Zettel-Dolphin

Quote from: tracktorr on October 22, 2016, 09:46:31 AM

As much as I love bitcoin, the credibility of the gold will not lose ever. If you keep all your savings in gold it is real security.

That is undeniable.
But sometimes I fear that having that much wealth concentrated in such small pieces of metal is not that kind of "distributed" security I would want to have.
Securing this metal becomes part of your very security, …
Bad security means someone (robbers, government, etc..) can very easily take those pieces of metal away from you.

And then what?

-sf-

tracktorr

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Quote from: Labumi on October 22, 2016, 08:25:55 AM

Quote from: PetroffVany on October 22, 2016, 08:22:04 AM

It is interesting to reflect on the fact that the better gold or bitcoin. You can bring a lot of peers whom evidence or other merits of gold and bitcoin. But as the apple plans that people in a few decades will cease to use paper money. And gold has always existed and will exist.

Yes it is something that may happen, but I think that paper money will still be used in the future in some respects. Because I think if the banknotes are not used anymore then the currency exchange rates each country will not be able in well control and maybe there will be a decrease or a problem of finance for all countries.

As much as I love bitcoin, the credibility of the gold will not lose ever. If you keep all your savings in gold it is real security.

Labumi

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Quote from: PetroffVany on October 22, 2016, 08:22:04 AM

It is interesting to reflect on the fact that the better gold or bitcoin. You can bring a lot of peers whom evidence or other merits of gold and bitcoin. But as the apple plans that people in a few decades will cease to use paper money. And gold has always existed and will exist.

Yes it is something that may happen, but I think that paper money will still be used in the future in some respects. Because I think if the banknotes are not used anymore then the currency exchange rates each country will not be able in well control and maybe there will be a decrease or a problem of finance for all countries.

PetroffVany

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It is interesting to reflect on the fact that the better gold or bitcoin. You can bring a lot of peers whom evidence or other merits of gold and bitcoin. But as the apple plans that people in a few decades will cease to use paper money. And gold has always existed and will exist.

DeDordtenaar

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Quote from: ice18 on October 21, 2016, 03:36:57 AM

One of the best way to save money is by investing in gold, coz gold prizes increase annually however its nor profitable enough in a year, bitcoin prices increase fast compared to gold.I think I will go for bitcoin. Wink

I would say that investing and saving is a different matter mate, you cannot save money by buying gold with all your money, of course it is a risky thing you know? and surely you will have difficulty in storing all the gold that too right. saving money is to keep it in a safe place and can be used at any time ?

greBit

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Quote from: bryant.coleman on October 21, 2016, 04:34:40 AM

Quote from: BitHodler on October 21, 2016, 03:49:39 AM

It's obvious that people on this forum will prefer Bitcoin over Gold since it's a Bitcoin related forum, no surprise here.

But if you look at the mentality of the average Joe, then they will give the preference to Gold when they have the option to choose.

Gold is around for such a long time, it gives them a safe feeling as result of that, it's something you can physically hold in your hands, it can be a jewelry, and the list goes on.

Enough reasons as to why the average Joe will prefer Gold over Bitcoin.

I agree with your post. But Bitcoin was never meant for the average Joe. It was created as a digital currency, mainly targeting the tech savvy population. Without an internet connection and a smartphone, it is impossible to transact Bitcoins. And that itself means that Bitcoin is not attractive for the vast majority of the world population.

Exactly and we cannot expect everyone to start using bitcoins especially people from poor countries who don't have any idea of latest technology and that makes bitcoin less popular.

bryant.coleman

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Quote from: BitHodler on October 21, 2016, 03:49:39 AM

It's obvious that people on this forum will prefer Bitcoin over Gold since it's a Bitcoin related forum, no surprise here.

But if you look at the mentality of the average Joe, then they will give the preference to Gold when they have the option to choose.

Gold is around for such a long time, it gives them a safe feeling as result of that, it's something you can physically hold in your hands, it can be a jewelry, and the list goes on.

Enough reasons as to why the average Joe will prefer Gold over Bitcoin.

I agree with your post. But Bitcoin was never meant for the average Joe. It was created as a digital currency, mainly targeting the tech savvy population. Without an internet connection and a smartphone, it is impossible to transact Bitcoins. And that itself means that Bitcoin is not attractive for the vast majority of the world population.

MTBTT

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Quote from: bitcoin-hunter on October 20, 2016, 07:25:23 PM

No I do not think that its way better than the bitcoin but they both have their good things so I do not think we can say something about it in the overall.
They also have their ups and downs too.

yeah both have their respective advantages, you can not make them fight and choose the best, because they are good and profitable investment

BitHodler

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Quote from: wizmo on October 20, 2016, 03:26:20 PM

As I have said with other topics that are fairly similar to this one, you're asking a biased demographic and chances are most are going to answer with "Bitcoin is better than gold for X and Y reasons". Which makes sense, in its own way, and Bitcoin is better than gold in a lot of aspects, but gold is also better than Bitcoin in some aspects too.

So let's say that bitcoin and gold are just the same so that no one will argue about this. But in reality, they have their own good reasons why we can use and enjoy them both. Advantages and disadvantages depending on how you are going to use them. But I think majority of the people here are choosing bitcoin rather than with gold.

It's obvious that people on this forum will prefer Bitcoin over Gold since it's a Bitcoin related forum, no surprise here.

But if you look at the mentality of the average Joe, then they will give the preference to Gold when they have the option to choose.

Gold is around for such a long time, it gives them a safe feeling as result of that, it's something you can physically hold in your hands, it can be a jewelry, and the list goes on.

Enough reasons as to why the average Joe will prefer Gold over Bitcoin.

ice18

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One of the best way to save money is by investing in gold, coz gold prizes increase annually however its nor profitable enough in a year, bitcoin prices increase fast compared to gold.I think I will go for bitcoin. Wink

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Quote from: eddyubachs on October 21, 2016, 01:57:08 AM

Quote from: Superbitzz on October 21, 2016, 01:12:47 AM

Quote from: Ybalevia on October 20, 2016, 05:42:18 PM

I think that if I have to be honest gold is not better because its just takes so long before its profitable, I really hate it if I have to be honest.
I think that bitcoin is more profitable because its usable on more terms.

but i thin but bitcoin and Gold has their own value and we cannot ignore the importance of one, as gold is so stable as compare to bitcoin and you can trust on gold with out any doubt. while bitcoin is a flexible currency and there is always a great variation in the price of bitcoin therefore you can make a good profit if you invest your money in bitcoin.

That's right bitcoin can give us higher profits in compare to gold as there is no limit in bitcoin when it comes to high price but we cannot expect gold price to go higher after a certain level.

The faster fluctuations makes it possible. Gold dont have that for the demands are really not that high because a lot of people already have them and it takes a lot of gold to be bought for it to move with a dollar or two.

eddyubachs

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Quote from: Superbitzz on October 21, 2016, 01:12:47 AM

Quote from: Ybalevia on October 20, 2016, 05:42:18 PM

I think that if I have to be honest gold is not better because its just takes so long before its profitable, I really hate it if I have to be honest.
I think that bitcoin is more profitable because its usable on more terms.

but i thin but bitcoin and Gold has their own value and we cannot ignore the importance of one, as gold is so stable as compare to bitcoin and you can trust on gold with out any doubt. while bitcoin is a flexible currency and there is always a great variation in the price of bitcoin therefore you can make a good profit if you invest your money in bitcoin.

That's right bitcoin can give us higher profits in compare to gold as there is no limit in bitcoin when it comes to high price but we cannot expect gold price to go higher after a certain level.

Superbitzz

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Quote from: Ybalevia on October 20, 2016, 05:42:18 PM

I think that if I have to be honest gold is not better because its just takes so long before its profitable, I really hate it if I have to be honest.
I think that bitcoin is more profitable because its usable on more terms.

but i thin but bitcoin and Gold has their own value and we cannot ignore the importance of one, as gold is so stable as compare to bitcoin and you can trust on gold with out any doubt. while bitcoin is a flexible currency and there is always a great variation in the price of bitcoin therefore you can make a good profit if you invest your money in bitcoin.

Xester

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Quote from: bitcoin-hunter on October 20, 2016, 07:25:23 PM

No I do not think that its way better than the bitcoin but they both have their good things so I do not think we can say something about it in the overall.
They also have their ups and downs too.

That is the best way to say things and the safest decision to day at this point of time. But in my case I will look back in history and Gold has proved himself hundred or thousand of years ago. Even the ancient people uses gold and up to this point this precious metal is still precious and has backing up paper currency that backs up bitcoin. So in my case due to this discovery after reading some documentaries i will conclude that gold is better than bitcoin.

mirakal

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Quote from: bitcoin-hunter on October 20, 2016, 07:25:23 PM

No I do not think that its way better than the bitcoin but they both have their good things so I do not think we can say something about it in the overall.
They also have their ups and downs too.

It actually depends on who sees it, it could be better for others but for us it could be not. I only say based on my experience and since I have not invested with gold, I believe bitcoin is better as it provide me good income using this in trading and investing.

bitcoin-hunter

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No I do not think that its way better than the bitcoin but they both have their good things so I do not think we can say something about it in the overall.
They also have their ups and downs too.

SANALIU

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if you want fast grow your money
in day in week or every month can get incraese income bitcoin is the best
gold can't you income everyday or every week, gold must hold long time can get take profit

DeDordtenaar

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Quote from: Ybalevia on October 20, 2016, 05:42:18 PM

I think that if I have to be honest gold is not better because its just takes so long before its profitable, I really hate it if I have to be honest.
I think that bitcoin is more profitable because its usable on more terms.

lol I think you can not say which one is better, they both have their merits, yeah maybe you could say that bitcoin will provide faster gains, but gold can provide a secure investment than bitcoin? I think both have their respective advantages

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