Bitcoin Forum

I have USD 2000 to invest. Should I buy Bitcoins or gold?

what you  prefer can hold upto 1 year

Well it depends on you. Bitcoin is always a risky investment, and currently gold is too. I feel , Bitcoin is comparatively a safer investment as of now.

Prefer bitcoin vs gold over the next year i think you'd lose on gold and gain on bitcoin.  You can always go 50/50 though.

better to go with bitcoin, i find is safer actually, and more practical, not to mention all the advantages that bitcoin has over gold

It is all risk reward isint it? Bitcoin to me would be the biggest risk for obvious reasons where gold would be a good time to buy ith a smaller risk because it is physical and has held its value for hundreds of years, Bitcoin is also at a low but with a much greater chance of maximum profit for risk involved, the question is do you want a high risk possible high return or do you want something safe and a possible low return, it is what it i my friend only you decide this.

This is bitcointalk not goldtalk, of course people here are going to recommend bitcoin. :)

Go with bitcoin, gold value ain't gonna grow 5x times in a year and bitcoin might do so.

You came to bitocin forum to seek people's answer.
The answer is obviously.
The USD index is increasing, so the gold price will drop.
And bitcoin is starting to recovery the price.
So you know how to choose.

BTC provides a built in mechanism for proving it is valid.

Leave some gold in a special box for 2 hours and you can be certain its pure gold... Would be awesome :) Leave BTC in your account for 2 hours and you will have confirmations in the blockchain on nodes all around the world, each saying to you "Yes, this is pure and legit BTC".

Myself and I think 95% of the people here will advice you to buy Bitcoin instead of gold.

If you're looking for a long term investment, then definitely go for Bitcoin.

Future returns on Bitcoin investments are far greater than you would have if invested in gold.

With gold u wont make much profit in 1 year.
With btc u can double or triple ur money but u could also lose big.
My advice is if u can only hold for 1 year then dont invest in btc...

Invest around 1000 and get one of those trading bots, so you'll earn if the price goes up after buying low and viceversa. There are pretty good bots, check the digital goods area.

IF you want a timing option, consider getting 7C stock before MArch 10, when it pays its first div. or 900 staoshit.

This would give you some good timing options!

http://coincurrencynews.com/2015/03/07/get-your-dividend-now-900-satoshi

Clearly Bitcoins have a great chance to double, triple, or more in less than a year. Gold will not do that well.

I doubt Bitcoins will go down in value from this point. Even if they did it wouldn't be a disaster like if you invested in 2013. An ideal time to invest as of recently would have been when they were briefly at the $200 mark, but considering they are currently under $300 I don't think you can go wrong. I believe the value is slowly going to climb from here

I would wait for BTC price to drop slightly and then invest 2k into Bitcoin

Why don't you just buy a mixture of both?

50% in BTC and GOLD will have a better risk/reward than any of the individual ones alone.

This is what i would do i can see bitcoin 220-230 in the next few weeks for a few weeks so it would be a good time to get in anytime close to that and you have bigger reward but obviously bigger risk involved  8)

You can short 280-->230 USD to make some extra money, if yo have such a good grasp on the price.

Why not go 50/50...$1000 in BTC and $1000 in Gold?

Or...just through it down on the almighty BTC and let it ride....you gotta let it ride!

Not really the best place to ask where to invest your money. Asking whether to invest gold or bitcoin on a gold forum would be as biased as asking to investing gold or bitcoin on this forum. Compare the two, try to predict the future, and make an informed investment. 2k is a lot of money to invest in bitcoin.

because my bitcoin users, nonusers gold. and I would like bitcoin is increasing. so you better invest in bitcoin. try little by little, if favorable, you can add more to invest

I'd invest it into bitcoin as the price is low, gold is now ready stable however. Or buy a solid gold physical bitcoin that's loaded with bitcoin. Get the best of both worlds.

Yeah would suggest the latter as well. You can probably just invest in both of them, and split your investment.
But, the swings you will have by investing 1000USD into gold will be a lot less, than the swing you would see by investing into bitcoin.

I don't recommend Gold because it is near record highs, $2000 is not that much so why not put all in Bitcoin, Bitcoin reached $1200 before and might hit it again.

Instead of answering, I would like to advice you that rather going for opinions where you are assured to get varieties, I would prefer to research myself and do the investment at my own consent, so not to be able to blame anybody.

First off make sure that your willing to risk the money either way. Gold is always a standard investment vehicle that tens to hold relative value. BTC and other cryptos can be more volatile and swing violenlty in both directions, so if you dont like rollercoasters it might not be four you. Good luck with whatever you decide.

1000US in physical Gold with a very low premium over spot
1000US in Bitcoin, maybe 100-200$ of those in altcoins or bitcoin investments

I had to reread your sentence multiple times, because I really thought you advised him to invest into option contracts ;)

Researching yourself is always the best idea.

Gold is a better option and safer as well. Bitcoins has seen a rise of $1000 to a fall of $220 and so it is very risky to invest in bitcoins. Investment is gold is better as of now looking at the current price.

Depends on whether that $2000 is play money or all you have.

If it's all you have I wouldn't bother with either. Find an account that pays good interest if you can and stick a modest portion in a fund or tracker.

Gold might gain over the year. I don't think whatever possible gains there are are worth the risk of it falling further which is very possible.

BTC could be anywhere in a year. If you can kiss that $2000 goodbye without blinking then maybe it's worth looking into but no one can guarantee you anything.

Bullion is for preservation and store of wealth, not much for speculative investment. (Not counting gold etf)
You could locked in part of your cash in physical bullion since Gold spot is currently trading at the low of $1168/oz.
When in time of need, bullion can be readily traded in for fiat. (Losing only the premium)
Pawnshop is one ready outlet that will take in your gold anytime.
Balance cash can then be use for high risk high returns investment such as BTC.
Your choice base on your acceptable level of risk taking.. dont put all your eggs in one basket.

For 2015 Bitcoin, no doubt about it. And I am saying that as the ex gold bug. Gold broke important support last Friday, and that sets the scene pretty much for the first alf of 2015. If you want to invest in gold, come back in summer 2015. By then however, you may make nice coin on Bitcoin that seems to be just reversing from the down trend.

Another idea is 50/50, 1000 in gold 1000 in bitcoin, decide what you like better before going all in. They are both unstable and unpredictable so be careful

you could argue the same way about bitcoin. The overall performance in the last 5 years is way better for bitcoin and we are 80% from the peak.

Yes hands down btc has come from cents to over a thousand dollars.
It is fantastic and 2000 is quite a small investment but has potential to be a nice return with btc, where with gold you are always going to be roughly the same maybe a few hundred dollars either side profit or loss take the risk and get paid or lose but at least you tried either way whatever you choose. Good luck dude]

This instability however can be shown to be profitible but also shows the currency has many bubbles. Increasing by thousands of times itself, and then collapsing months later shows its a good gamble but not very good long term investment.

Actually investments with high variance are good longterm investments, but usually bad short to midterm investments.

Curently they are both a good bet, i thought that gold has its time, but how things are warming up worldwide its still a pretty decent gamble.
But if u like to take a little risk to make better turnout, then i would go with bitcoin, and reason is simple:

Bitcoin obviously isnt going anywhere, it will be there no matter what anyone tries, so theres a good chance it will start getting much more attention than it has now.
And theres also a fact that it is undervalued, its like early adopters chance to make massive turnouts, and when theres an exchange on every corner like there is for gold,
well, then there will be time to sell.

cheers

bitcoin is your best option. especially because of how small the entire bitcoin economy is.
future for bitcoin is bright. more and more merchants accept bitcoin as payment making it easier for you to pay with bitcoin on more and more places.

Split it; 35% BTC, 40% Gold, 25% Bonds/Stocks (if you have a brokerage account).

Go all in on bitcoin while your USD is worth something.  Gold hasnt got a chance long term either. :)

High risk means high potential gains but for very long term investments, it is very important not to lose and pick strong investments.

Have you decided your strategy yet? Be sure to let us know!

This isn't one of the options you mentioned but are you aware of Motif Investing (https://www.motifinvesting.com/ (https://www.motifinvesting.com/))?

It allows you to build a custom "mini mutual fund" or use an existing basket of stocks that all adhere to a very specific theme (i.e., dividends, internet of things, healthcare, etc). It's a really smart way to invest with the hopeful appreciation of stocks but the mild diversification of a mutual fund.

Now, we need a motif for bitcoin related companies!

You understood the second statement the better way.
I didn't mean to say anywhere to invest into anything, as I said I ain't answering his query. ;)

Wasn't the winklevoss brothers attempting to make a tradeable bitcoin? Where you don't actually hold the bitcoin or anything but it is the same price of 1 bitcoin and you can trade it just like a stock? Though I heard this a while ago, what is the progress on this? I don't know much about stock trading but I think it was called an ETF or something?

The BTC Exchange Traded Fund (or ETF)... They filled with the US securities regulators in May of last year to create and list the ETF, but I haven't seen news since then.

Heres a site on the ETF http://www.investopedia.com/articles/investing/041114/why-winklevoss-twins-new-bitcoin-etf-matters.asp
It would much better for the investors, they don't have to deal with storing their btc if they just want to buy and sell it. Would bring more of wall street to bitcoin which couldn't be very bad

you should buy darkcoin and start your masternod :)

check this out:

http://drk.mn/

This was not the question buddy, he may not want to be a drk coin fan boy he wants to be a bitcoin man "lol" jk but not about what he asked for it was pretty clear should he invest his $2000 in bitcoin or gold?

If i had a spare $2000 i would invest 75% into bitcoin and the other 25% into silver not gold but you asked so yes gold aha.

If you made a investment when you created this you have a nice profit so far, did you get in on time op?

I own both, so I'll try to give an unbiased opinion: bitcoin is more volatile, but it has a higher potential upside. Whether or not it goes up, or how far it goes up, is anyone's guesses. BTC also has a greater potential use, whereas gold is seen more as a preservation of wealth.

And if you're thinking of buying gold, I would actually buy silver instead. The GSR (gold silver ratio) is near its 15 year all time high right now, so silver is a better value. If you have the full intention of owning gold rather than silver, then what you can do is buy silver now while the GSR is high, then when it drops again, swap your silver for gold. By doing this, you're locking in gold profits when comes time to make the switch.

But to be honest, a 1 year time horizon sucks for any investment vehicle. You'll get smacked by short term volatility.

Very good post. Also I would even go that far as to say a 1 year period doesn't count as "investment". Alteast not if its something with volatility. A 1 year bond is a different story though.

I was thinking in gold after the gold watch from apple.
If is a sucess they are going to need a lot of gold to do all this watches

If you do the math, you will see that they don't. Industrial gold usage compared to gold production is about 10%....

I would invest the whole amount in Bitcoin and wait till it go high then sell and do it again.

How would you know when to buy and when to sell? How long do you wait before rebuying? What if the price rises while you are not invested?

better to wait until the desired price is reached, and cash out everything or a portion if you want to keep something, less risky if you ask me

I guess if it rises to 700$ or so, that would be top for me and signal to sell.
I would wait for such price, in the meantime I would use it for some passive incomes which I'm investigating now
like lending.

The problem with such longterm strategies is that you have 2 scenarios in Bitcoin:
- Either it completely fails and it will never reach your desired price level
- It is very successful and goes way higher than your desired price level

So, the cases where it doesn't reach your level need to be compensated with the times it reaches way higher levels. But with selling before that happens you take away the upwards potential while keeping the whole downside one.

Buy, GoLD!

Bitcoin is to unstable!

It might rise, but might not rise... to much dumb money on the market!

Buy Bitcoin mate  ;D

Now that I think about it, Bitcoin is the better investment. It's rising slowly and by this time next year I speculate it being around $600-$650 if things don't fall this year.

i will suggest u to buy bitcoin,

notice : do money management

it depends with your investment profile. If you are aggressive investor, love to see price's volatility and aim to get double, triple or even quadruple amount of profit, invest in BTC.
Otherwise, if you want long term investment, steadily increase for long period and easy to cashout everywhere, invest in gold
to spread investment risk, maybe you should invest in both bitcoin and gold :)
gold for moderate type of investment and bitcoin for agressive type of investment

In my opinion investing $2000.00 into gold isn't efficient because of the high price. You are better off looking at something like regular or penny stocks. With $2000 invested into gold you are likely only going to lose or gain around $100 ,take a loos at gold prices here - http://www.cmegroup.com/trading/metals/precious/gold-volatility-index-vix-futures.html - If you are simply looking for a place holder then gold is your best option for that amount of money. If you are actually looking for a decent return but with some risk involved I would suggest Bitcoin or something from this article -

http://www.wikihow.com/Invest-Small-Amounts-of-Money-Wisely

That point is true. Its is very hard to split 2000$ into gold without paying insane premiums. First you buy 1 oz and then what? halve and oz on top? Those things go for 3-5% premium.

I'm pretty sure you can buy "gold", you don't actually own gold but you get gold as a number just like a stock exchange. Correct me if I'm wrong.

I think of gold as low risk with moderate upside potential while BTC is high risk and extreme upside potential. They actually balance pretty well. I would go 1oz. gold and the rest in BTC. 

If you are referring to ETFs, then you only participate in the value change of gold, you actually never are entitled to the gold the ETF holds. So unlike stocks, there is no real alternative to physically holding gold.

Buy bitcoin mate ! You will never become rich because of gold invesment :D But remember to only invest what you can lose ^^ Bitcoin is a risky business.

Yes but I think the ETF would solve the problem of not being able to divide up gold, or owning a very small amount. You are never entitled to the actual gold you have in the ETF, but you can easily just sell it and buy real gold if you wish.

Bitcoin remains the best

That is true for the time the financial world is still active and alive. Many gold bugs argue that paper gold is not real because when everything collapses only real gold will safe you.

Also for 2000$ ETF, the fees will be quite high for a full roundturn, but yeah, still better than with real gold.

Well yes of course, having stock will not be valid if the world's money system collapses, but thats a different argument. This is on wether gold or bitcoin is better for investing for profit.

According to the price charts for gold, if the OP were to of picked gold to hold for one year he would of lost almost $200.00. This could make for an increase in price this year though. There is several other ways to invest this amount of money where you can get a lot more out of (I linked an article in my previous post). I think it appeals to people to invest in gold because it's always been a luxury, which it's alright if you have the right amount of money to throw around or the time to sit on. For a one year investment though you wouldn't get much action out of Gold.

If you want to buy Bitcoin just as an investment to profit from it, then rather don't. Bitcoin is meant to be used, unlike gold (an exemption are fashion accessories).
I usually tell people to buy Bitcoin all the time. OP if you believe in Bitcoin, buy it and use it.
If you want to invest (i.e. only hold, especially for shorter periods of time) you should look somewhere else.

If he had invested in Bitcoin a year ago, he'd have lost significantly more.

I do agree, though, that there are other places you can invest that are "safer." But with that safety comes less upside. The question is all about risk: would you rather risk 5% to get 5% or risk 100% to get 15000%?

I personaly wouldn't invest that amount of money in bitcoins because of its changing value...But, it's your money and your decision...Good luck anyway!

Bitcoin can fall in price many times yet (in fact, it already did within the last one and a half year), or even become worthless altogether in the end. Gold, on the contrary, has never seen anything of the kind within the last few centuries at least. The only two times in history that I know of when it fell significantly in price were the periods after the Black Death devastated Europe in the 14th century and when the gold of the Incas flooded Europe in the 16th century. So, if you don't own physical gold already, this won't be a bad investment as a hedge against almost anything.

Bitcoin is for the speculative mind, gold for the conservative one.

First is ask yourself what about you know more bitcoin or gold? Both are risky business. So need to know well if you want to gain.

That's because gold is backed by governments. Bitcoin is backed by individuals. Gold is also physical and can be used to create things (like jewelry), which Bitcoin can't be.

Quite the contrary! Governments are laying themselves out to keep gold prices at bay (that is, low), since gold is a currency by and of itself but governments don't need competition with the shit they happen to print. Gold is backed by its inherent qualities, that's why it has been valued so high through centuries despite all governments efforts.

In my opinion you can split it, half bitcoins/half gold to be more safe.Both can be risky and profitably too but if i was you i was going to put more on bitcoins half..

Kind Regards,
BTC-Bank.

Silver is by far more volatile than gold and subject to market manipulation. Remember the Hunt brothers who tried (but ultimately failed) to corner the world market of silver in 1980? It could actually go as high as 50$ per ounce or fall as low as 10$ (which we are not far off today), or even both.

I thought the governments backed it, which is why we have things (or I believe "had?") like Fort Knox that were holding cells for it. My understanding was that gold was basically the "storage" vehicle and fiat was the method of transacting day to day, rather than carrying around gold everywhere.

All governments combined together hold only a small fraction of all available gold in circulation. No one knows (well, the total majority of populace) how much gold is placed in Fort Knox and whether it is actually there (no audit since the early 1930s).

Bitcoin in theory should be a more risky investment, but with risk comes big rewards. With Gold you are going to be bored aiming for a small increase in wealth in the next decades. With Bitcoin it's uncharted territory, it's an open field.

This is a good point you can only make so much with gold and that is not a lot, but when you invest in bitcoin the sky is the limit and of course middle earth is also the limit but that is what makes it interesting to me the fact it can go either way but to an extreme and not just bore you with sideways for years. I would invest 2000 in btc but you are your own man. good luck

In fact, silver didn't come down from 22$ the last year, 22$ was a maximum with an average price around 19$ per ounce. I remember when it went from around 35$ to almost 50$ and then dropped below 20$ within a few months. Such things never happened to gold (yes, it fell from 1900$ to 1130$ but it took a few years to come about).

Yep exactly. Gold would be more long term, and in the case of an emergency like the money system collapsing then it is viable. Bitcoin can also be used, but we all know how that would work

Keep in mind that gold can't be exploited, either (aside from pyrite, which should be easy enough to determine). While we view Bitcoin as being exploit-free, the truth is that we don't know. Everything is exploit-free... until it's exploited. Look at things like the heartbeat bug in SSL.

True, since bitcoin is a computer program one day someone could find an exploit and then it would all collapse. Gold is physical and therefore cannot be "hacked" and no one can just randomly print gold.

Bitcoin is not a computer program but could be destroyed. Gold could theorically be created in a lab for a cheap price.

There are ways to see that it's fake, though. Just like fake diamonds that are pressurized can be seen. As far as I'm aware, man has never perfectly recreated anything like that before -- any attempts have always brought differences (and that's for materials we CAN recreate).

Mercury can be turned into Gold through nuclear processes... it's been done before in minute quantities. There's a Mercury isotope that decays into stable gold. The problem with it is that the cost of energy to do the conversion costs more than the amount of gold you end up producing.

gold is safer, bitcoins can go either way  ??? . Buy gold! Or Disney shares!

Well everything can go either way but gold has been around thousands of years and is at its simplest part the best currency we have seen in history. As with any stock it can go up or down but gold is the least likely as it is a physical object and MUCH older.

That's why you split it up and hedge your investment. 35% BTC, 40% Gold, and 25% Bonds or Stocks will give you a nice diversified approach. Gold will be your rock; that is, your solid foundation. It should not fluctuate more than 10% up or down in a given period. BTC is your volatility play, could swing way down or way up. The stocks/bonds fall right in between, so long as you pick companies with solid 3% - 5% growth (no penny stocks) and decent dividend.


Disclaimer: I'm not a financial advisor, lawyer, or accountant. All the above is my personal opinion. You should consult with an actual advisor before investing.

Yeah its depend on you, but if I be you, I will buy BTC for 80% of your that money and that 20% to gold, I think you will be more rich with bitcoins then with gold after one year.

Interesting... so it's really like Bitcoin in the sense that it IS possible to exploit/fake... it's just not financially viable. You can do a 51% attack on Bitcoin, but it'll cost way more than you'd get back from doing it.

I don't know what would be better to hold for 1 year but only invest what you can afford to loose in bitcoin.
Not saying BTC won't be around in 1 year just that i know gold will and it would be safer to put 80% into gold and 20% BTC.

gold? give it up quickly, you see how decadent it is.

if you invest bitcoin, you could expect it doubled in a year  :-*

Give Bitcoin a try. Bitcoin wont stay at 290 for long. It will increase in the next 12 months.

Hello @lumen just wondering if you already decide it and if you want to share it with us, what you did finally?I am asking just from curiosity as there was three mainly choices and i like to see which one you preferred and if we affect your opinion on your decision.I wish you good luck for whatever your choice is/was.

Kind Regards,
BTC-Bank.

I have earn some money investing in companies undervaluated. Bitcoin could be in that situation now. It can be a good oportunity.

Every company on here could be big. Imagine investing in primedice if they were selling some shares, you would be swimming cash if you did. But investing is a lot of fun here especially with the HYIPs, getting in and out fast with 5% in a day is nice.

Buy bitcoin and invest half in various alt coins, watch it vapourise  or multiply.. good luck

Did you really come to a Bitcoin forum to ask which is better gold or Bitcoin? ;D

The answer is simple. With gold you have less to gain, but also less to lose. Bitcoin can go to a couple bucks and basically cease to exist as an investment. Gold on the other hand won't become worthless, but it also won't triple its value like Bitcoin did in the past (and still can).

I'd park my money in Bitcoin for sure and then if there's a certain % you're saving for outside investing, then get yourself a property that generates rent. Properties for rent can typically generate 5-15% per year but in a good/great year, BTC runs the table on that. Properties are a headache since tenants are a problem and paying taxes as well + renovation costs when you have to flip.

If you know how to farm land (in rural areas) then I would do that aside from everything except buying and holding bitcoin. Getting some chickens and cattle would be of good use over and above farming such land imo. If you want to raise animals for furs the same still applies. Rural farming/animal raising properties cost quite a bit less than rentals in residential dealing areas.

I'd go for garages or storage units. You often have a much higher yield with a fraction of the ball ache. Any structure that houses humans equals a world of pain.

Valuable posting info. However, garages or storage facilities are decent ideas but can be faulty having multiple folks descending upon your spot over and over could be over and above the purchase cost and for sure the rental cost I'd say. :)

I'd think they would be somewhat cheap and efficient in terms of earnings. If someone doesn't pay their storage, you get all their stuff (or get to sell it). So you have income whether or not people pay their bills. Upkeep should be fairly cheap as well, since storage units don't need to be heated/air conditioned to the same standard as other businesses.

Gold is a better investment if you're in it for the long term. With bitcoin, I could only recommend short term as the price is everchanging. One day, you could see prices spike past 500, and the day after, you could be in for a loss. With this said, it is your choice.

If me, I will invest to gold half and bitcoin half, sell all my bitcoin for halving time.
And gold for long term.

There is a little problem with selling the stuff of people that cannot pay the rent of their storage unit... why would someone who cannot pay the rent for his storage place have valuable items to store?
They might have something that is worth your time and effort.. but i can also imagine that there is just a lot of crap that you might have to get disposed of at your expense.

If you want to play extra safe, buy gold. If you want to take some risk with a potentially higher upside, go for BTC. You can also try trading with BTC and it can be immensely profitable due to the high volatility.

Buy and hold?
If you buy btc you could buy before a pump, 50% profit is easy

gold!!

Well I personally would prefer Bitcoin. They've got uncanny similarities, esp. in terms of scarcity. So in the long term they may perform in an equal manner (go up) but Bitcoin has a higher risk, but potentially also higher reward potential.

Price of gold over time has increased insanely, and there is more and more gold each day @ the market, but also is something that everyone agrees it has value.
On the other hand you have bitcoin that is hard limited, and the mining bitcoin decreases with time, no matter how hard you try to get more, but not all people believe it has value.
As you can see, the question is; would you rather buy something that can go 10% up/down, or something that can go unlimited up/down ? There is no more profit to be made in gold, that cow is milked dry,imho.

cheers

Gold has a real use, though. It's used in jewelry, in a lot of items like electronics, etc. I think assuming it won't go back up is a little naive. As long as it has a tangible use in our everyday lives, I think it still has a shot. There's only a finite amount of it, just like with bitcoins. Supply has to go down at some point.

Don't confuse paper gold with physical gold. The gold you make reference to is mostly gold futures contracts, among which the majority are cash-settled futures, that is, futures that cannot be settled by delivery of physical gold. The speculation of such futures significantly affects the price of gold, but only as long as exchanges trading in them are able to fulfill their obligations put by the physically settled gold futures...

Yup, but only a tiny fraction of the current value relates to its actual use. The rest is parking of value and speculation. It's far too entrenched in history to become an irrelevance in financial terms but it might be weakened slightly by alternatives.

To me bitcoin seems as way more safe investment than gold ;)

Gold is a proven commodity, can't beat it as a storage of value. Bitcoin has a short history with violent up and down swings in value. At this time, I would take bitcoins over gold. Bitcoin has a huge upside potential this year; Gold has a huge downside potential this year. While I see no inverse relationship between bitcoins and gold, the way things are going, bitcoin price will definitely rise and gold price will fall.

I'm singularly curious as to the reason behind your prediction about future gold prices. The gold market price, as any other market price out there, is dictated by a supply and demand mechanism. So, what are the grounds for gold huge downside potential this year that you mention of? A fall in demand or a rise in supply?

What is your pick?

A year ago I'd say buy gold. Now that bitcoin has more or less corrected from the last bubble, I'd go bitcoin.

ps Silver can go a lot higher than $50 an ounce as upside, dollars today have much less value than those 1980 ones.

Why not just buy $1,000 worth of gold, then do $1,000 worth of bitcoin, and which one grows faster lol.

But since you split 50/50 you can see which one scales in profit? so you wont lose entire $1,000 if bitcoin ever did crash cause you got gold to back you up.

I only say this because NO ONE can read the future.

That makes sense, if you lose on one the gains from the other might cover it.

@OP: if it is play money then definitely BTC. Much better risk reward ratio at these current prices than gold. Do you also consider keeping $ as a third (best) option?

his investment universe seems pretty slim if his only 2 choices are bitcoin and gold ;)

Depends on what you are looking for. Bitcoin is known for high volatility and if you are a short term investor looking for quick gain, bitcoin can easily net you 10 to 20 percent in a matter of hours. If you are a long term investor either bitcoin or gold would be fine as there's a future in it. Just diversify your holding. It doesn't have to be all gold or all bitcoin. Spread out the risk.

It'd be very hard to buy exactly $1000 of gold as the increments it comes in are usually oz, half, quarter, tenth and gram so you'd have to mix and match to get in to your target amount in dollars. Plus, dealers usually hit you with heavy premiums, like $50 per oz. I'd prefer all in bitcoin unless you want something shiny to look at.

If i were you, i would use $1000 for bitcoin & $1000 for gold
You could get a big profit from bitcoin, but the risk is very high
While gold won't give you big profit, but the risk is pretty low

You just have to know when to buy & sell

Uh, if your timeframe is <=1yr, neither of those makes much sense. Gold is a long-term hedge against a fiat collapse that somehow results in at least some of the world regressing to a gold-standard, and bitcoin is long-term bet on a new inflation-hedge digital-money asset-class plus growth of a new censorship-resistant global payment network (plus some probability that in a fiat-collapse people would find bitcoin more useful than other alternatives (like gold-backing a new fiat)).

It makes almost no sense to think about either on sub-year timescales.

The problem in the crypto scene is that most people here are novel investors and have no idea what timeframes are normal.

No sane investor would do a buy&hold strategy into stocks, if they need the money within 6 or so months. In bitcoin that is the daily business...

Have some fun, split your investment half and half.  See how you like having some of each.  Gold is fun to look at and has been around forever, bitcoin is really fun and easy to use.

Good Luck!

Herd and greed mentality are the main cause for investment losses.
Go the opposite! Buy in when there's blood on the streets. You will need Big Balls!!  :o

This will be yet another way to lose money (and most likely one of the quickest). What you suggest is trying to catch a falling knife. It is a fools game which ultimately culminates in your account getting wiped out. It may make you feel like a super trader, or even a hero of sorts ("buy in when there's blood on the streets"), but in reality it is the first step towards your bankruptcy...

The first thing come out of my mind is... Gold
But, it's up to you, even Bitcoins is a risky investment...
But hey... Are there any risk free investment?

The answer is No
So, it's all up to you, but my suggestion is gold ;D

Yeah, don't just buy because others are selling. Or you'll end up holding something like Radio Shack (http://www.nasdaq.com/symbol/rshcq/stock-chart), which has declared bankruptcy.

Well usually the unpopular choice is higher risk but also higher reward. Chances are the more popular investment is smaller payout and reward but it is also a lower risk because everyone is doing it and it is deemed safer.

gold for sure if you don't wanna lose all the money
a year is far too much for a bitcoin to be trusted

Gold has been going on for thousands of years but btc can prove to much higher or larger price swings and is more exciting. Gold yes is probably safer but the profits are very small and you won't see it going up 10% in one day like btc. Year is where I think the price will be at least double, but thats my opinion

You can always try buying gold on margin if you are not quite happy with it making pathetic 1-2% daily swings. Most likely you will see how your account gradually but nevertheless quickly gets wiped out in just a few days, but there is still a chance (to get rich fast)...

Also the fees paid while buying and selling, and also physical gold is very hard to trade frequently. Its better for a long term decade like investment, but I think btc will outperform it in 10 years.

No one suggest you should go to a bullion bank to buy some gold bars or coins there. People that have enough money to trade frequently and who want physical gold usually trade in physically-settled gold futures. These assume delivery of a pre-specified quantity and quality of gold on a predetermined date at a predetermined location. For example, Comex delivers 100 oz. standardized bars of 995 fineness to New York vaults...

Trading physically-settled gold futures is no different to trading cash-settled ones ("paper gold"), you just need substantially more money to buy such futures

I would suggest splitting it also, but not half and half. I think bitcoin has more chance for a high mark up on profit to be made so buy more bitcoin, but gold will always have intrinsic worth and value being a precious metal so it will hold its value well and wont become worthless like bitcoin technically has the possibility of becoming.

I'd take the opposite approach. Any altcoin can take BTCs place. In fact, they all use the same infrastructure. It would take almost no work at all for every company that takes BTC to swap over to anything else (like DOGE). There's nothing guaranteeing BTC will even be around in a couple years. Gold, on the other hand, is used in manufacturing and other things, so it has a real use and won't just disappear.

try to invest gold its profitable then bitcoin

i don't think so, gold value is stagnant, bitcoin has much more potential to grow(both in value and in technology), yeah there is also a chance that bitcoin may die but the chance are more toward the rise than the fall of it

Oh really. You have no idea what "infrastructure" means, do you, or you would've known that it means the hashing network and the tools built on top of it? Seems you are just repeating after someone, well, don't, you sound like an idiot :)

have you seen gold and Bitcoin charts in the last five years?
do you know how market caps for both compare?
Gold from where it is now may go, Central Banks allowing, 20-30% to the upside. Can you think what would mean that gold would double the current price? Do you remember what happened back in 2011?
Meanwhile, Bitcoin could double the price much more easily, especially that the market is much more shallow and driven by speculation. That doesn't mean that the price can move to the downside as well.

BTC has taken years of beatings, gloom, FUD, outright hostility and it's still standing and slowly growing. I'm sure thousands of hackers have devoted many a long night trying to bend it to their will and failed.

That type of trial by fire can't be bought, faked or fudged and it's 100% non transferable. I for one would not be too comfortable skipping completely over to a new system for anything other than a dabble.

Gold is a boring dead end. OP will never get life changing results from a long term 2K investment in Gold. On the other hand if OP goes all in with Bitcoin he's more likely to make a decent amount of money that has a real impact on his life.

True, gold can be only see as a insurance of your capital, in case a meltdown of an entire financial system happens. If one foresees that, than gold is the choice. Otherwise, there are plenty of better options, with Bitcoin being one of them.

if you prefer relaxation and a security take gold.

if you like drama and rollercoaster rides take btc.

HODL USD!!

Actually the USD has been rising quite fast versus the CAD, now at 1.25 cad per usd, used to be at 1 or even under. So that wouldn't be a bad idea!

Also, USD almost in parity with EUR, hodl your dollas!

Actually that may be the best option, as already stated in this thread, to keep $2000 in the US dollar. For now, we have a little bit of correction of the recent growth, but it seems that dollar is not yet done with making clear who is the king. Expect more dollar-positive news in the next months.

buying Bitcoin is a smarter decision in my opinion too, but hey, that's his own decision.

OFC Bitcoin, much much better investment because it can't go much down now (desperation is huge), and it can rise 20x easily.

Investing $2000 is not going to make you rich over a year.

BTC is a gamble has more potential upside in shorter time span but also the risk of loosing a lot more.

Gold has a lot of potential upside due to world economy going down the shitter but whether that happens in the next 1 year or 5-10 years is up for debate.  I have invested quite heavily in physical gold as I believe the price will hit $3000/oz in the next 2-3 years and $5000/oz + within 10 years.  I also have the luxury of being in no rush to sell so can hold out for the right time and price.

same here, I moved part of my play money to gold and silver, but I agree that the time-perspective on this investment is rather closer to 10 years.
If one looks for up to 1 year time perspective, then Bitcoin has much bigger potential of possible gains. Stops (stop loss) are however a must!

I think Bitcoin has a bigger upside as well, but solely because it's currently like a business. Gold isn't a business.

Gold, on the other hand, is a lot safer. So the question really boils down to high risk, high reward or low risk, low reward.

risk-reward is one thing and time frame is the other. Both are equally important for a trading strategy. 

Tried some amt on wine investment previously...
Ended up Buy ↓ow.. Drink H↑gh..

Right, if you're a daytrader bitcoin could be the investment for you, gold is a more conservative kind of investment given that it doesn't fluctuate so much and can payout in a longer time window.

double with bitcoin? We should take into account risks.. What if it falls double? Im too conservative I'm afraid to believe in bitcoin that much

we already mentioned that, just couple posts above yours. More reward, more risk.

ah, ok, sorry. didn't notice it

I would say buy 90% in gold, and 10% in bitcoin.

Gold has been proven over a decade and generations to hold. Consider bitcoin as the younger brother of gold, that wants to become like gold one day when it grows up.

You can debate the explosion of growth about bitcoin all day, but I go based on facts on history and events. But, while everyone is dictating which way it goes cause "everyone can see the future" for some reason.

Put your mind at ease, and grab a beer while the gold hedges for you. Then use it as a play money concept, to put in bitcoin a bit more based on how you see fit. Any investment shouldnt be a stressful thing to do.

the first reply in my head screams 'Bitcoins' ;)

If bitcoin at 100-250$ range then buy bitcoin, if it is above 250$ already then buy gold. So its time to buy Bitcoin now...

With time owned only one year, I think bitcoin is a great option.
A year is a short time, you know now how bitcoin prices, with that much money, you can invest in bitcoin and sell at a higher price.
If you choose gold, within one year, I guess what you would get would not be too great compared to the bitcoin.

I'd go with silver, platin or maybe even copper ... gold is so last decade.

Why not in oil, the price of oil is now again go down, it is possible in some time to come the price will high, because now no one does not use oil even for some time to come.

Platinum and copper are classed as industrial metals and the world economy is on a down turn, cant see these spiking much within 1 yr.

Silver is also classed as an industrial metal but gets dragged around with gold.

oil price is politics. Price can be and is controlled very easy by politics and oil industry. And supply is not scarce at all, so why oil?



Platinum will be expensive in times of war. Copper is volatile and becomes more scarce but can crash in case of economic crisis. So copper is only good for its insane volatility and in case you can avoid the huge premiums.
Platinum is historically more expensive than gold, right now it isn't. So there's an opportunity in platinum maybe. Its volatility can be high too.

----------

Palladium is in a bullmarket already btw.

All in all Silver has very good fundamentals and can easily double and tripple in price. Production is down, inventory is on historical low, demand keeps growing. It is the best electric and thermic conductor. Once the silver manipulation end you'll see it likely appreciate a lot. It was historically valued at 15:1 with gold. Producton is 7:1 with gold but in reality it can easily be more scarce than gold in the distant future. Silver is used up while gold is stored and inventory only grows year after year. So silver inventory is in decline for decades now and available inventory equals demand of 2 years which is tiny inventory and price can explode in case of higher demand. Price parity gold/siver happened in history before. Also during economic troubled times gold has been outlawed many times. Silver never was outlawed anywhere.
I think silver has massive potential. But best to make your own research on it.

Silver will be the first recource depleted. Buying and stacking physical silver for retirement (decades of timeframe) is maybe no stupid idea.

Silverrrrrrrrrrrrrrrr

It bubbles really easy. Market is tiny.  ;)

Market is tiny... Whats wrong with you? :P Aint as big as with Gold, but enough to sell for 2k..

There will be no more physical silver within 10 years, then the bubble will come :)..

BITCOINS For life! Invest all you have in BTC :P

worst investing advice ever

but it can be also the best advice if the price sky rockets..

Walk in to a casino and put it all on black - does that count as investment advice, you could double the money instantly.

I can foresee an infinite thread loop forming. It will only be broken when one of you is proven firmly right. Let's hope it's soon.

PM's to me are a long time frame investment (or should I say wealth preservation) decision.

BTC has lots of potential and an unignorable downside too.

I would say it should be a decision based on your timeframe and risk tolerance.  Are you comfortable with a 100% loss if the upside is several orders of magnitude on the upside, and (for example - not fact - a 50/50 chance either way)?

It skyrockets and then you become a Hodl'er. You get greedy and you wait it out, you go to bed and the next day you see everything you invested decrease by 31% over night.
You wouldn't want to see only 69% of your life savings in your bank account now would you? It's a very big risk, if you're confident and find it worth it to take the risk, I'd say put in no more than 30%-35% of your savings. No more.

If you want to make 1 million dollars investing on bitcoins, you will need 2 million dollars,  its more likely you have to be willing to loss the half of your money trading on bitcoin. and thats not said just by me, it was also said by Andreas.

if you really want to invest on bitcoin, invest on the technology, invest on start ups, invest on skills

I've haven't thought about that before. It's actually a lot better than directly investing in Bitcoin. Although you may not get a Higher possible return, there's a higher chance you're getting something.

Buy Bitcoins.

Buy Altcoins with Bitcoins.

Trade Altcoins.

Profit.

Repeat.

Not a bad idea if you know which ones are worth their salt. However, if you're getting a 50% return from a startup's dividends and bitcoin grows by more then you lose. Yet, you'll get a steady stream of dividends as long as the company is profitable so I suppose that once you have your stash of bitcoins for the long term you can use any extras for investments or trading alts. But, I'm not playing around the alt market as it's even more manipulated than bitcoin in terms of major market players shaking people down by pump and dumps.

I hold some gold/silver and a decent amount of bitcoins. why not distribute the wealth and minimize the risks involved??  8)

silver has been going down a bit might be a good time to pick up some coins

the fees for other investments are too high for a $2000 investing be worth. Or to invest in start ups.

Your best option is btc or low return bank investments

 

 To be honest I wouldn't put money into either Bitcoin or Gold.If I had 2,000 USD to invest right now I would by Oil,and not futures I mean straight out own the barrel.It is what 48.00 a barrel today......I would hold half of it til it hits 60.00 then dump half and reinvest profits at slightest dip.Or at that time by gold.I would never buy BTC ....It is on a death slide IMO and will be replaced by whats known as a Gen 2 hybrid cryptocurrency.But this is just my opinion.Do whatever you like. :P

Gen 2 hybrid cryto? What's that?
Is there any post about that?
And... Dose it'll be more "profitable" than bitcoin?
Sorry for questions, but I'm really curious about it
Anyway, Thanks in advance ;D

Another reason is that physical gold (only gold I would buy because its actually a useful currency and shiny) is hard to divide. Usually you buy 1oz, no 0.632 oz like we see in bitcoin, you can't just cut up some gold bars to divide them. So therefore 2000 would be VERY hard to invest in gold because it would not buy you an exact number of oz with 0 change.

I found this on my favorite dutch website:
https://www.hollandgold.nl/goud-kopen/goudbaren-kopen/valcambi-50-1-gram-goudbaar-combibars.html
https://theaurophile.files.wordpress.com/2013/04/valcambi-combibar0.jpg?w=590

What is the fees on this though. Each 1g of gold is seperated (has to be cut and seperated) so that is probably MUCH more expensive, plus the company likely charges fees for creating this product. All in all gold is a physical object and therefore can't be split very easly, you can't trade it back and forth quickly, so its more of something to hold for a while, and actually have the object.

Yes, this is a bit more expensive, but the price will lower when used more.

This is the divergence right now:
€ 1.802,00 https://www.hollandgold.nl/goud-kopen/goudbaren-kopen/umicore-50-gram-goudbaar.html
€ 1.913,00 https://www.hollandgold.nl/goud-kopen/goudbaren-kopen/valcambi-50-1-gram-goudbaar-combibars.html

p.s they had them in silver to, but is sold out now :-(

1800 EUROS FOR AN OUNCE OF GOLD!
That is well over the current USD price of 1200, which is about 800 US dollars less than 1800 euros. No one could make profits trading on that whatsoever, thats close to 50% fees, which means gold would have to go up that much to break even...

The Valcambi bars are really nice but you do pay a premium for that ability to split them into smaller bits. The premium can be carried since many people accept that premium on fractional bullion. If you just want to hold gold or silver then buy ounce rounds (or bars) so you can hold them for 10 years and be done with this pointless discussion.

If you want to make profit fast get into crypto.

Yeah we sell them aswell (2 in stock)
https://www.101munten.nl/product/Baren-/GCB50GR/Combibaar-50-x-1-gram---Valcambi-(2-op-voorraad).html

Mucht cheaper as buying 50, 1 gram bars though they cost like 47€ each

its not an oz they are 50g bars

Can it be that gold here is more expensive here?

No,

He quotes a price of $1200 an oz (31.1g),  the combibars are 50g.

Combibars do carry a higher premium that generic gold by a few %.

https://autrading.co.uk/product/valcambi-combi-50-gram-999-9-fine-gold-bullion-bar/?cat=266&page=1

This is what I was going to bring up... the weight difference. Essentially, those bars are $1929.26 in USD, which is equal to 1771.83 euros. Not far off from the 1800 euros quoted.

Gold and silver, being heavily manipulated by central banks, are great to have for barter in the shtf scenarios where say a farmer or rancher would give you priority over others that would pay in fiat. Plus, these banks have every reason to keep manipulating to protect their fiat. Those that are playing bitcoin right now are just accumulating as much as possible before they let it go up again.

 Gen 2; referring to the innovations in cryptocurrency technology.

 Ok,in as brief as I can make it....Bitcoin,Litecoin,and Dogecoin are the most successful cyptos available at this time.They all operate on what is know as a POW(Proof Of Work)blockchain.This is a more complicated process than I wish to disclose here.Be that as it may,they and other cryptos are then called Generation 1 cryptos,in reference to the 1st of its kind.

 A Generation 2,gen 2 for short,is a crypto that uses a combination of a POW blockchain with a POS(Proof Of Stake) blockchain.This combination makes it a hybrid,Some Gen 2 cryptos are 100% POS.

 The POS system greatly reduces the transaction confirmation times thus speeding up transactions and also allowing for less energy consumption.Which is a huge plus when it comes to online purchases,and the concept of using crypto debit cards at Point of Sale registers in participating retail stores.

 There are other benefits ,such as the individual is able to earn interest on the balance one holds in their wallet,The hybrids offer mining and staking which keeps their networks active....The biggest drawback to Gen 2 POS cryptos has been they are prone to forking.There has been significant advancements to overcoming this problem and the more successful Gen 2's almost never fork.

 I do not claim to know which of the Gen 2's will become the dominant coin.I currently hold many different wallets and actively stake 10-12 at a time on a VAIO laptop with no difficulty.However some of the more successful ones available at this time are,Blackcoin,Pandacoin,HTML5,Orbitcoin......The list goes on and on.It is my opinion that the current gen 1 coins we see being dominant today will be obsolete in the near future.I would further state an opinion that the current low price of BTC is a result of the competition it faces with some of the more successful Gen 2's and the market economics of trading on cryptomarkets...

 Hope that answers your question.If you'd like to know more start at the websites of the coins I listed above,and check out their forums.If you aren't already aware you will soon find there are hundreds of competitors,and many are being actively traded on crypto exchanges such as Crptsy,Bleutrade,etc

If you are going to buy gold, watch for the banks contracts to expire with their investors, banks have a huge habit of driving the gold price down when its time to pay their investors on the contracts that are about to expire. that is the best time to buy gold because they have literally demolished the price purposely to keep them from paying billions of dollars in profit to their investors.

I would also wait for Bitoin, because remember tax return season is in full effect in USA, and if there are people interested in getting in tax return time is their best way to do so. If we do not see a nice little rise in BTC value between now and the end of may, i would say the value we see will be there for a while, because it means not even investors are interested in Bitcoin anymore. Since the only thing Bitcoin has for a demand is its tradable value on the markets, when those are diminished, bitcoin has nowhere to go but down in value.

As far as commodities are concerned the oil guy above is right, The sanctions on Russia will eventually all be lifted and the Europe oil business will get back on its way, when it does the oil prices will go back up to the 80 to 100 a barrel area, right now they are low because of the sanctions USA put on Russia and to compete USA demolished the oil prices to be able to service the Europe clients with the oil they sanctioned on Russia. When USA is no longer providing oil over there in any way, the price will go back up.


The POS coins for crypto investments, I agree with the above poster, however I do own a POS mining site so you know. But POS coins are more energy efficient, some of the ones he has listed are not my favorite, we even removed Blackcoins from Stakeminers.com because its yearly interest rate is lower than a bank can offer. But I agree with the rest of his post.

Bitcoins have a great chance to be worth half, one third, or less a year from now. Gold will probably not do that bad.

Nice adoption of the losing group mentality. If only I could reclaim the time I lost reading that.


Buy gold, then go find another forum and hobby since crypto is not for you.

or

Buy Bitcoin.
Pay attention.
Make moves.
Profit.

Far more exciting (and profitable)

Wise words from someone thats been on the forum 4 days, its all or nothing in BTC land  ::)

the chance of bitcoin to going higher is above the change of it going lower, if you see the full chart from 2009 to today you will understand why

gold on the other hand is the definition of stagnant...

Completely agree. Besides , Bitcoin is in still infancy. The real big explosin in price will happen after masses start to use it.
Now, we are still relatively small community. Whenever new services are released , more and more people will use bitcoin. And that day you will regret to buy from todays price.

So, OP. Buy at least 80 % BTC and 20 % gold. And if you dont need money urgently. You can hold 100 % BTC.

Ps: Not an investment advice.

Both, Gold and BTC get manipulated. Pick whatever you want.

BTC gets manipulated much easier.

Gold price gets manipulated from the us government. They made the riches richer and the poor lost again.

BTC can be manipulated easier but there isn't as much manipulation as there are no large entities like the US government or MASSIVE banks or investors that are currently manipulating it. If some bank wanted to manipulate it they could easily do it as the btc market capitalization is too small.

gold is not even stagnant if you look from 2011 till today. But gold's purpose is to protect what you have in the time of a total meltdown. This is very likely not coming in 2015, thus the answer what to choose is pretty simple.

Not-so wise words from someone with such a long time on this forum since we all know how time on this forum is certainly a measure of a persons knowledge in Bitcoin/altcoins.

Sit on those BTC while they trail. I'll stick to what I do and make my BTC grow.  :-*

It seems like a lot of people are shakey on bitcoin as the direction heads still being in the $200.

I think personally, you should invest $2,000 all in gold, and then invest with the small profit cap you get from it to bitcoin. Keep on taking the advantage of the time since, bitcoin prices were same as 3 years ago.

If you did that with gold you would of profit enough to buy a couple of bitcoins by now since its still $200.

Gold is in kind of a risky situation as well, though. At the moment it costs more to mine it than it's worth, causing a lot of rift in the market. It's going to be interesting to see if it perks up or crashes completely since a lot of big names are moving out of the precious metals.

borrow 2000 more and but bitcoins for 4k

They are both good investments in my opinion. It's always a good idea to diversify, you should buy an ounce of gold, or a gold ETF and then buy some bitcoin.

A "Wise" observation from someone who should know that time on this forum is no indication of knowledge or experience with cryptocurrency.

Bravo for your quickness on clicking the Post button tho  :-*

There is good advice and then there's advice you shouldn't really give, because it may get people into losing borrowed money. It's alright if you want to go long margin, yourself, but people should be very careful doing so.

Oops, I forgot to mention that those 2k should be borrowed from local drug dealers because their money is probably dirty and they can't sue you for not being able to pay back. WIN WIN!

then they kill you

At least then when you lose all the money you won't owe anything back, :).

I would invest $1000 in bitcoin and $1000 in gold, after 1 year I would compare the two investments and see which one was more succesfull.

For a stable investment, gold is the way to go. You're looking at a very risky investment with Bitcoin if your goal is to cash out in a year. It could be half it's price, it could be double the price. Gold retains its value more over time, so it's definitely a safer investment. In my opinion, I would go with the gold. I feel like the risk that Bitcoin inherits in terms of investment is too great. With gold, you're not going to bust completely.

Life is about time and money. With gold, you aren't beating time. To beat time, you need risk. With Bitcoin, you take a risk, but a reasonable amount of success is on the pipeline.

If you are just taking a risk without deeper understanding of what is going on underneath, you are most certainly bound to fail in the end. But if you do understand what's what, then your actual exposure to risk is greatly diminished, despite the fact that on the outside it may appear that you are risking gravely...

I think there's a lot more risk in Bitcoin, but generally I'd divide my assets. 50/50 gold and bitcoin. Or 75% to bitcoin. Don't put all your eggs in one basket.

If you UNDERSTAND Bitcoin and you know how to put it within the current economical-political context, you'll realize that REAL long term (10 years+) it didn't even matter if you entered the market at 100 or 1000.

Do you mean if/when mass adoption occurs? Well, I agree that you could profit a lot if/when that happens. But I think OP just wanted a short term investment.

Buy Porn  :D

Very true, if you pick one, either bitcoin or gold, if one of them goes to zero you are left with zero, however if you have half in each you are left with only half of your initial investment rather than having completely zero. It offers less returns, but less risk.

Diversifying and hedging is something novice traders and investors tend to forget. And that mistake can be a rather big one, if things go wrong. People get all euphoric when the price goes up and they can't even imagine losing their money. If things go wrong, though, there's no going back. Their investment is gone. Peoples' cognitive dissonance prevents them from anticipating this, unfortunately!

I personally have diversified into NuShares (https://nubits.com/) (first non-volatile cryptocurrency: nubits) and soon-to-be BlockShares (https://bitcointalk.org/index.php?topic=1033773.0) (decentralized exchange) since both of these projects are a lot more than just another altcoin. I must say it feels good to hold different independent assets. On the 14th of January when BTC dropped to 152$ NSR more than doubled its price against BTC which is a clear sign of independence.

id buy gold for now.. Bitcoin is still dumping.

Why don't you post the same question in a gold investors forum and see what they say.  :D

Lol, if you ask here in bitcoin community, they will answer you with BUY BITCOIN :D
gold is not good enough recently, gold market is still sideways
but bitcoin market worse, as price keep failing :(

you should buy bitcoin for that amount right now! and ask your friend that have $2000 USD to buy bitcoin too , so we will see bitcoin to the moon again  :D

actually you should approach your parents and older relatives and ask them to buy bitcoins too because they are more likely to trust you.

They'll of course tell him to buy gold. The difference is gold is boring and deprecated, while Bitcoin is new and exciting and it hasn't even begun. The gains to be made aren't comprehended until we see what happens in 5+ years. Meanwhile the gold market is not subjected to much change.

making other people buy lots of coins to make bitcoin go to the moon so you can sell your coins, right?  ;) current price makes bitcoin a great investment.

I preffer but gold for the real life thing. Bitcoin also good but its today the rate of the bitcoin itself decrease, so i dont wanna take a risk to wait bitcoin coming high again.
But if you ask for only 1 year, i will probably choose bitcoin and try to take a risk from that.
High risk high return. At least the price will be increase this year.

yeah but at least bitcoin has a chance to skyrocket, while gold not that much, at best it will return to its ath no more

50/50

compare in 30 days and re-evaluate

I doubt you would see much action in 30 days during this period of bitcoin barely changing 3% daily and going up and down. Bitcoin and gold as of right now seem as more of long term investments, and bitcoin you also get to pay and buy thing and do cool things with your investment.

Gold is forever.

Bitcoin was boring before, e.g. in 2012, and then it went parabolic in 2013. There's no reason why this can't happen again. It may get *really* interesting if when we cross the 2013-now longterm downtrend resistance line!

Gold is downtrend for the last two days, though not close to its recent lows. If anyone is interested, I'm cautiously taking long positions in gold futures. During the March fall we didn't break the November 2014 lows, so it seems to be a good time to buy gold at present prices...

Gold gold gold gold. Buy the gold, sell the bitcoins already into my buys.  ;D only 654$ hahehahehahe sell into meeeeeeee

$2000 isn't a lot of money. I believe it wouldn't be enough to invest in physical gold.

I'd go for Bitcoin and take the risk. No one got anywhere in life playing it safe.

If you can live with the fact that it COULD go to zero then do it.



I have and will again.

Yeah ok I'll buy you whatever you want with my money dear hero member.


$2000 isn't a lot with regards to the profit or upside gold can give back. Btc could go up many times.

Gold? Near term I can't see more than a 5 x increase even if we have an ecnomic crisis. Hardly life changing.


Silver would give a better investment due to being around 75.1 with gold at present. So no, I wouldn't invest 2k into gold.

Enough with the attitude my friend

Well I seem to have done ok in life my friend.

Yeah $2000 not much for investment holder, but for short trading its enough for take some profit. I think he can take benefit when bearish and bullish

If you want to invest in the long term should you invest in gold, but if you invest in the short term you could invest in bitcoin.

I have the feeling gold may be indeed forever, but it doesn't automatically mean Gold is #1 forever. BTC is much better in a lot of ways, we never know how society will evolve in the future and its perceptions towards what is and what isn't the standard for wealth.

I say buy Bitcoins at these levels. The worst you can do is lose a few dollars

Not everyone is as poor as you.
You can easily lose 1M with bitcoins.

ATM I have invested less than 1% of my savings in BTC, but still have more than a dozen coins. It is playmoney. Poor sluts will stay poor, even with bitcoin (expect the clever ones that bought below 1$).

The one question that is most interesting, I believe, is: What is going to happen first: Gold can be reproduced cheaply, or the algorithms (esp. hashing functions) used in Bitcoin can be reversed or undermined - and no new functions are being found to replace them? I don't really know where to place my bet on this one!

Thats actually something that most havent even considered lol.

But effects the outcome immensely, since but I feel like gold will always somewhat harder since its not a digital thing. A miner has to dig several feet in the earths surface, only to filter through the sand for flakes, that eventually add up reasonable weight.

As a algorithm can be changed by coders several seconds if the hackathon comes up with an idea area to focus on. 

Doesn't matter. We're living in an age of information. Money is being protected by algorithms. Algorithms make it much easier to verify claims, and to hinder people from doing things which they're not allowed to do. If - at one point - we can reproduce gold cheaply (think Star Trek's replicator), Gold will be pretty much worthless (almost, at least). One time pad encryptions, on the other hand, can't be broken - ever.

This discussion has lead to a really interesting point, actually! The replicability of Bitcoin has always been a high concern and also point of critique for many people who aren't convinced of Bitcoin's usefulness. I also believe that Bitcoin and Gold are quite similar what this is concerned, as both their scarcities could be attacked and circumvented at some point!

If we ever reach that point then everything will be worthless as it can all be replicated including the replicators :)

All you'll need your BTC for is to pay the electric bill but that will be dirt cheap as we'll be on fusion reactor power by then.

Also are we closer to replicating gold in a cost efficient method or creating a fully functional quantum computer that can chew through BTC encryption.

There are a million ways it could go. You just have to place your bets and be at peace with them.

i agree that gold and bitcoin are quite similar, but with bitcoin you exactly know the amount that ever will be mined. not the case with gold. also important is that bitcoin has way more room for growth compared to gold.

Bitcoins at this point is a risky investment and I wouldn't suggest buying more bitcoins than you can afford to loose.

since you are posting in bitcoin forum , i would reccommend you to bought bitcoin

I would disagree with this, the total amount of bitcoin to be mined could easily be changed if they decide to tweak the code in the future.  In theory it could be an infinite amount.

That could be the case if the protocol became the plaything of a small number of big players who try to dictate what's what. They may also find that they're left with something worthless when their helpless users run for the exits or ignore the fork and stick with the old plan.

in theory there could be 1000 billion bitcoins. but the reality is that the core devs won't mess with the 21m coin cap. that's something we don't have to worry about.

I agree, but you have to keep in mind that Bitcoin is a very new kind of asset and it is not clear whether it will "succeed" in gaining more traction. Also, the encryption algorithms and one-way mathematical functions could end up being faulty and there may be no replacements, if quantum computers become feasible in solving arbitrary problems. This is something we can't possibly foresee right now.

The supply of gold is indeed uncertain but there are ways to more or less estimate the remaining earth's gold capacity, even tho is far from the mathematical exactitude guaranteed by bitcoin, but gold is still king of wealth perception.

Which is why people keep comparing BTC to gold as even though they wont admit it, subconsciously its still perceived as the ultimate store of wealth across the globe.

Gold without a doubt.

Bitcoin is supposedly a better money than gold when you evaluate it according to all the characteristics that make for good money, it's divisible, fungible, durable, portable, identifiable, and scarce.

I agree.. Im sell all the btc and buy lots of gold bars and coins.

How many people actually use BTC as money on a regular basis here?

Most people seem to treat it like an asset, hoarding and holding hoping for the moon.

me every week for paying humblebundle, time to time paying fiverr and every Friday tipping paper wallets to waiters:) really..

I just recently put 0.5 on my cellphone mycellium app wallet, that was a big deal for me to commit to having a hot cellphone wallet. There's only one restaurant I can find here in San Diego that accepts bitcoin so I haven't had a chance to use it.  I'm waiting for that day I'm at one of my regular places and I see a BTC sign so I can whip out my phone and use it  ;D

I've never used BTC on a smartphone to buy yet. Im worried at a privacy level. Would you guys recommend running your coins throught a mixer before putting them on mycelium to do some buying? and like others have pointed before, can one get in trouble if the coins you got from a mixer were of a criminal precedence? that leaves me a bit worried, because who in hell knows where the coins you get after mixing your coins come from? and after you do a payment in real life, those coins can be traced back to your real life name.

Buy 4 bitcoins, with rest buy gold.
Never bet all money on one horse. Spread the investment.

In addition, the scarcity of gold might be limited by time. Asteroid mining is now too expense be profitable. However when the technology is improving it might start somewhere in the future.

By the time we can mine asteroids without it being mission impossible Bitcoin will be spread across the world and consolidated as a solid, legitimate to both store wealth and do worldwide (and who knows, extraterrestial) transactions instantly.

actually smartphone have more privacy than a desktop, if you know how to use it, and use awifi connection, with bitcoin they can essentially track your position, not who was sending that particular transaction, so if you have a phone you can just move away and your are done, repeat after each trasaction, i mean there isn't really the ip problem

paying in a restaurant should not be an issue regardless, if they don't emit invoice

using gold instead isn't anonymous at all, not even practical...