Is gold better than Bitcoin? - page 53.

Kakmakr

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Quote from: avikz on March 29, 2016, 01:07:48 AM

It is a very tricky question. Gold and bitcoin is two different things and has their own distinct properties.

Gold is not always an investment to many people. People use gold for making ornaments also. Whereas bitcoin is purely a currency which is used for investment and savings.

Gold has a long reputation and known by entire human population whereas bitcoin knowledge is limited only to tech-savy people.

Countries use the gold as a backup of the fiat currency. So Gold is certainly more valuable and profitable than Bitcoin. At least for me.

Gold is not that much different than Bitcoin. Both are mined and are scares and in limited quantities. Bitcoin was built to simulate the same function as gold, but just to be better and in a digital form. I think the people have a false sense of security, if they think gold is a good store of value. The governments have a paper trail to every large gold purchase that was done and who owns that gold, so they can start to confiscate gold, if they wanted to. This is turning out to be a interesting topic to debate, and we should consider if gold has the value we applied to it.

avikz

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It is a very tricky question. Gold and bitcoin is two different things and has their own distinct properties.

Gold is not always an investment to many people. People use gold for making ornaments also. Whereas bitcoin is purely a currency which is used for investment and savings.

Gold has a long reputation and known by entire human population whereas bitcoin knowledge is limited only to tech-savy people.

Countries use the gold as a backup of the fiat currency. So Gold is certainly more valuable and profitable than Bitcoin. At least for me.

MTBTT

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Quote from: 23dzmaz on March 28, 2016, 07:52:51 PM

Both gold and bitcoins are good for investment., for me gold is for long-term investment and bitcoin is for shprt-term investment. And i more preffer invest on bitcoins.

I think bitcoin is also good for long-term investment many people say that potency bitcoin prices in the future is very high. I think bitcoin is better than gold
what can you be proud of the gold? prices are already too high

Zuminest

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more or less both have the same value... i suggest bitcoin, as a new technology bitcoin is subjected to much more volatility than gold..also bitcoin has seen its market value surge, even eclipsing the value of gold at one point..

Dr.Osh

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Quote from: justspare on March 28, 2016, 11:28:28 PM

It is better to keep both bitcoin and gold. That way if one drops a lot, you still have something else to fall into.

you're right, it's better to save both of them, because bitcoin and gold is something that can make a lot of money. but I will use bitcoin as a trading tool to make my bitcoin is increasing and more and more than ever Grin

justspare

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It is better to keep both bitcoin and gold. That way if one drops a lot, you still have something else to fall into.

OROBTC

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...

Again, the gold or Bitcoin dichotomy is a false one!

BOTH assets have different characteristics, meaning that holding BOTH is perfectly OK. They work differently. They BOTH have a place in many people's portfolios.

Gold and Bitcoin offer good diversification.

BOTH assets may have YUUGE price increases if/when the financial system destabilizes.

One is not better than the other. They BOTH are good.

storyrelativity

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I think if u want to safe ur money invest in gold but the profit is low but also good . if u want to invest in biycoin the ideal pfofit u can make in the future is very big. But there's a risk. But don't worry if u invest in bitcoin . bitcoin did not going down fastly because there are millions of investor and this is number 1alt. For me best to invest gold and bitcoin. God bless

zerocharisma

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As an investment i can say that gold is better than bitcoin. Because gold is already accepted by the people and the government, also the price of the gold seems to be steady and keeps on increasing over the time. Bitcoin is still not that popular and some government don't like it. But bitcoin is good to keep as a currency and it's transaction is faster.

nagatraju

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Gold is always safest investment. Historically, gold has played a major role in the economies of many nations. Mostly at the time of economical crisis. Gold was considered a universal currency for hundreds of years. Due to its recognized value worldwide gold was used as the world reserve currency.

Bitcoin's decentralised nature and medium to high-risk volatility have both attracted interest from curious and optimistic investors.

If bitcoin succeeds as a currency it will turn out to be the best option for long term investment. Bitcoin’s acceptance has been growing by the minute. Big companies are having a sudden interest in the potential of this technology and the amazing capabilities of the Blockchain. This can help bitcoin succeed as a currency as well.

DimensionZ

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I think gold is a bit harder to keep safe unlike Bitcoin where keeping the private keys away from people is enough to ensure a high chance of not getting robbed. However the value of gold is more stable than the price of Bitcoin which tends to fluctuate greatly. Everyone needs to decide which is better for them I guess.

nostal02

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Quote from: 23dzmaz on March 28, 2016, 07:52:51 PM

Both gold and bitcoins are good for investment., for me gold is for long-term investment and bitcoin is for shprt-term investment. And i more preffer invest on bitcoins.

I also prefer to invest in bitcoin as its much more easy for me to get bitcoin than gold.
Trading bitcoin and altcoin is much more profitable for me.

23dzmaz

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Both gold and bitcoins are good for investment., for me gold is for long-term investment and bitcoin is for shprt-term investment. And i more preffer invest on bitcoins.

Hugroll

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i think of gold as a form of currency storage thats stable and something i can use forlong term investments, whereas bitcoin is more in the near future investment.

jerowacik

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I think gold and bitcoin has the same quality to be invested. but bitcoin has the disadvantage of no confidence from the government of a country to ensure it. while gold is already guaranteed price and guaranteed sustainability as one of the precious things in this world. gold is better than bitcoin for the long term. but for the short term both have the same quality and quantity.

maokoto

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Gold has had its reputation for centuries. Simply, there is nothing that can compare in that respect, and it is really hard that it ends up being worth nothing after centuries of being a valuable metal.

btccashacc

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It depends on situation, gold is trusworthy, it will be a good investment if you save it for long time, bitcoin just need a short time to get some interest or if you have good skil in trading that will be pkus foe you, there are lot of either advantages or disadvantages between gold and bitcoin, but I prefer to place my trust on bitcoin

gentlemand

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If you look at it objectively gold is fucking terrible compared to Bitcoin. There are derivatives of derivatives. There's fake stuff. The physical stuff can be a grind to buy and offload. It's not divisible and on and on.

However its perception of value is embedded in our racial memory. You cannae fight that.

gilangIDR

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yes gold is the best choice. Gold is a very promising investment. gold is never exposed to inflation. bitcoin is also a very good investment. but overall gold is better than bitcoin. I am very confident because I invested in these two places.

LayTheHorseTipster

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gold is more stable however the safe storage can be difficult, but you can buy virtual gold and keep in the banks, however you will not access to it when the bank collapses.

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