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Topic: Is gold better than Bitcoin? - page 7. (Read 42166 times)

hero member
Activity: 1638
Merit: 576
Leading Crypto Sports Betting & Casino Platform
October 19, 2016, 11:37:42 PM
As i stated on one thread which i choose offcourse i choose bitcoin and it is better to choose and use because here in my country there's a lot of miner's who keep really destroying our mother nature and gold is not hard to find not like bitcoin's. So for me bitcoin is best coz you can really sell it and earn it for free.
legendary
Activity: 1372
Merit: 1005
October 19, 2016, 11:24:08 PM
its both is better
but I prefer to choose bitcoin to invest than gold.
It is too hard to get earn from gold than bitcoin. you can get a lot of profit from bitcoin if you have a good skill in trading.

But still trading risky operation and you need pay for escrow and many things are there. But you can hold your bitcoins for long time. Gold is physical well known stock which you can profit from gold as well like bitcoin.
sr. member
Activity: 350
Merit: 250
October 19, 2016, 11:00:08 PM
Gold is good but in the most cases its used in long terms because on short terms its simply not worth doing it.
I think due to that fact the bitcoin is better because there are more things possible.

You are right about that, gold is a great investment if you have the time for it because its for a long term.
The bitcoin is better because you can do it both, long and short terms.
legendary
Activity: 867
Merit: 1000
October 19, 2016, 10:15:12 PM
its both is better
but I prefer to choose bitcoin to invest than gold.
It is too hard to get earn from gold than bitcoin. you can get a lot of profit from bitcoin if you have a good skill in trading.
member
Activity: 70
Merit: 10
October 19, 2016, 10:07:30 PM
What do you mean by 'better'?  Gold has a billion more real-world, 'use-value' applications than Bitcoin, and isn't reliant on the internet in order to exist.  But Bitcoin is an incredible technological innovation which offers individuals a financial autonomy never previously seen by any form of money.  Apples and oranges, gorillas and goji berries.
legendary
Activity: 1554
Merit: 1014
October 19, 2016, 09:46:47 PM
gold may be very good for the long term, but you have to invest in a large amount.
bitcoin is also good in the long term, because we are all convinced. bitcoin has potential in prices could rise higher in the future and gold is more safe than bitcoin. but if you want to earn huge profits bitcoin very worthy to take big risks too.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
October 19, 2016, 05:41:39 AM
i am not sure if gold is better then Bitcoin because I have never made use of gold and do not know how it works with the gold there price and stuff.
I would always go with Bitcoin but only because I know it for some time now.
then you have no reason to compare it because those who have the right to compare is only those who ever use both so they could know the advantages or disadvantages of both,learn about gold if you still don't know because it might be useful in the future
full member
Activity: 476
Merit: 100
October 19, 2016, 05:06:08 AM
i am not sure if gold is better then Bitcoin because I have never made use of gold and do not know how it works with the gold there price and stuff.
I would always go with Bitcoin but only because I know it for some time now.

Gold's price isn't really changing as much as Bitcoin's does. You would go for gold if you knew more about it though, because it can be used in many more cases than Bitcoin can be, and everybody knows or at least heard about Gold. Bitcoin is not that popular. In case of a crisis, Bitcoin could even fail completely.

I think Bitcoin will be strengthened at a moment when the centralized currency crisis. But of course, the currency is unpredictable.
full member
Activity: 210
Merit: 100
October 19, 2016, 02:52:09 AM
i am not sure if gold is better then Bitcoin because I have never made use of gold and do not know how it works with the gold there price and stuff.
I would always go with Bitcoin but only because I know it for some time now.

Gold's price isn't really changing as much as Bitcoin's does. You would go for gold if you knew more about it though, because it can be used in many more cases than Bitcoin can be, and everybody knows or at least heard about Gold. Bitcoin is not that popular. In case of a crisis, Bitcoin could even fail completely.
sr. member
Activity: 476
Merit: 250
October 19, 2016, 02:45:16 AM
i am not sure if gold is better then Bitcoin because I have never made use of gold and do not know how it works with the gold there price and stuff.
I would always go with Bitcoin but only because I know it for some time now.
hero member
Activity: 658
Merit: 500
October 18, 2016, 06:01:42 PM
I dont believe such, gold has countries and big fortunes trust and support bitcoin are small companies and some individuals trying to get some kind of income with their investments into crypto world.
I think trust will also help the security of investing. certainly there is no doubting the quality of gold and many people believe in gold as a profitable investment, which is why gold is more secure
you could compare it with bitcoin?
legendary
Activity: 1232
Merit: 1091
October 18, 2016, 04:40:33 PM
In terms of the 1 year chart data, I have used the price from 17-10-2015 to 17-10-2016 as that is exactly 1 year. I am not looking at a certain point within that year to measure from a low point to the highest point.

what happened in the past is not a good indicator to what will happen in the future, but hopefully we all know that. so let us do it anyway and have some fun.
if i invest, then only long term makes sense or i could go gambling. is 1 or 2 years long? not to me. i want 20 or 30 years. how was the gold increase for gold over that period? i do not have the numbers but it was nothing special at all. what about bitcoin? oh 20 or 30 years ago there was no bitcoin. seems like it is not possible to compare them both. well, i guess we will have to wait some more years to take a fair look at this.  

If I look at charts from exactly 20 years back till now, then Gold as increased with around 230%. This is just from the starting point to the end which is today. Within this 20 year period the price has gone from well below $300, to a peak of nearly $1900. That is of course not counted as it happened within that 20 year period.
sr. member
Activity: 280
Merit: 253
October 18, 2016, 04:01:11 PM
Actually, I think gold and bitcoin is an excellent investment. But it is undeniable gold is a better investment than the bitcoin. Because of the advantages of investment gold must be obtained for the price of gold per year has increased. While bitcoin is also good for investment, but the price is not stable and it is at risk.

Let's have a look at some charts and compare both options on their profitability as investment for 2 years.

Gold 1 year: 6.20% increase.
Bitcoin 1 year: 130% increase.

Gold 2 years: 1.6% increase.
Bitcoin 2 years: 76% increase.

That says enought as far as profitability goes. Gold lacks severely behind, but that's not really a big deal as people see it more as a store of value tool rather than an investment.

So what years have you picked for gold because gold is doing far better than that this year.

Gold up 17.49% the last 6 months.

Also how far has gold dropped from its all time high compared to bitcoin?

It is very easy to pick and choose data points from charts to fit the agenda you are trying to promote.

In terms of the 1 year chart data, I have used the price from 17-10-2015 to 17-10-2016 as that is exactly 1 year. I am not looking at a certain point within that year to measure from a low point to the highest point.

what happened in the past is not a good indicator to what will happen in the future, but hopefully we all know that. so let us do it anyway and have some fun.
if i invest, then only long term makes sense or i could go gambling. is 1 or 2 years long? not to me. i want 20 or 30 years. how was the gold increase for gold over that period? i do not have the numbers but it was nothing special at all. what about bitcoin? oh 20 or 30 years ago there was no bitcoin. seems like it is not possible to compare them both. well, i guess we will have to wait some more years to take a fair look at this. 
legendary
Activity: 1232
Merit: 1091
October 18, 2016, 03:48:33 PM
Actually, I think gold and bitcoin is an excellent investment. But it is undeniable gold is a better investment than the bitcoin. Because of the advantages of investment gold must be obtained for the price of gold per year has increased. While bitcoin is also good for investment, but the price is not stable and it is at risk.

Let's have a look at some charts and compare both options on their profitability as investment for 2 years.

Gold 1 year: 6.20% increase.
Bitcoin 1 year: 130% increase.

Gold 2 years: 1.6% increase.
Bitcoin 2 years: 76% increase.

That says enought as far as profitability goes. Gold lacks severely behind, but that's not really a big deal as people see it more as a store of value tool rather than an investment.

So what years have you picked for gold because gold is doing far better than that this year.

Gold up 17.49% the last 6 months.

Also how far has gold dropped from its all time high compared to bitcoin?

It is very easy to pick and choose data points from charts to fit the agenda you are trying to promote.

In terms of the 1 year chart data, I have used the price from 17-10-2015 to 17-10-2016 as that is exactly 1 year. I am not looking at a certain point within that year to measure from a low point to the highest point.
member
Activity: 98
Merit: 10
October 18, 2016, 02:35:57 PM
honestly very difficult to choose between them. but if I want to invest in a short period of time then I would choose bitcoin.
but when I want to invest in the long term then I would choose gold. all of it in accordance with our conditions.
sr. member
Activity: 275
Merit: 250
October 18, 2016, 01:42:45 PM
Gold is good but in the most cases its used in long terms because on short terms its simply not worth doing it.
I think due to that fact the bitcoin is better because there are more things possible.
hero member
Activity: 756
Merit: 501
October 18, 2016, 01:34:10 PM
I dont believe such, gold has countries and big fortunes trust and support bitcoin are small companies and some individuals trying to get some kind of income with their investments into crypto world.
sr. member
Activity: 280
Merit: 253
October 18, 2016, 01:14:58 PM
   Gold is not currency like bitcoin is, they have similarities. It is undeniably true that the price of gold is related to the value of the US dollar, bitcoin price is also related with US dollar. All thou bitcoin and dollar can collapse one day, gold will always have some value.
   In this moment gold is long term saving, it`s safe cash in any currency. Bitcoin offer a good chance for profit, and bitcoin can make someone rich faster then gold. Bitcoin is better for me, I can earn bitcoin, gold is out of my reach!
gold is probably the most famous way of storing the value of your money in a safe manner. but it does nothing to increase it. all increase comes from speculation with it. bitcoin is not only a form of money. it is also a technology and this brings the possibility of future earnings.   
hero member
Activity: 588
Merit: 500
October 18, 2016, 12:12:53 PM
   Gold is not currency like bitcoin is, they have similarities. It is undeniably true that the price of gold is related to the value of the US dollar, bitcoin price is also related with US dollar. All thou bitcoin and dollar can collapse one day, gold will always have some value.
   In this moment gold is long term saving, it`s safe cash in any currency. Bitcoin offer a good chance for profit, and bitcoin can make someone rich faster then gold. Bitcoin is better for me, I can earn bitcoin, gold is out of my reach!
hero member
Activity: 1764
Merit: 584
October 18, 2016, 11:51:05 AM
It really depends on how you invest to it. When you buy Gold you just have to sit and wait till the value of it becomes high. When you invest with your bitcoins there are a lot of ways to do it like lending, trading etc. So that is why it really depends on how you want to invest for your money.
good point gold only wait for the time of appreciation while bitcoin rely on many adoption and progress coming from its project
the way they deal can't be compare but both of them can be a great assets for long term investment.
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