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Author Topic: Is gold better than Bitcoin?  (Read 41856 times)
Kprawn
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March 28, 2016, 03:42:13 PM
 #1

A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you

do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think

that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about

60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain....  Wink

 
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March 28, 2016, 04:02:23 PM
 #2

...

"Is gold better than Bitcoin?"

It all depends on the person and the circumstances.  Gold will be better if you want something secure.  A Store of Value that has been so for 5000 + years.  "There is always someone around who will accept your gold as payment".

Bitcoin has other advantages.  It is easy to take huge amounts anywhere.  There is an even greater possibility of BTC reaching very high prices (over $10,000 say), although gold may do that as well.

Bitcoin and gold are complementary!  Hold both!
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March 28, 2016, 04:10:47 PM
 #3

It really depends on the usecase. Overall, bitcoin is more flexible, easy to trade and can be transferred without a big fuss (physically) about security. Some people like the idea of being able to hold what they own in their hands and secure it by non digital means. Personally I couldn't do without the ability to ttrade what I own.

 
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March 28, 2016, 04:20:27 PM
 #4

It really depends on the usecase. Overall, bitcoin is more flexible, easy to trade and can be transferred without a big fuss (physically) about security. Some people like the idea of being able to hold what they own in their hands and secure it by non digital means. Personally I couldn't do without the ability to ttrade what I own.

Gold price is decreasing while bitcoins price is increasing.
Also bitcoin is more flexible.
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March 28, 2016, 04:39:21 PM
 #5

We are not comparing the practical application or use of gold... because even there, Bitcoin kicks ass. How much will it cost you to transfer say $ 1 000 000 000 worth of gold to another person anywhere

in the world. { The security and the physical transport } compared to how much the same value transfer will be if you use Bitcoin. If you do a paper transfer or a digital transfer, it would be much faster,

but, where are that gold? It is not your property until you took ownership of it. Can you walk up to these institutions and ask for your physical gold bars? The answer is NO. We have seen previous

occasions where private ownership of gold were banned too... So nothing is really safe, against any form of government control.  Roll Eyes

 
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March 28, 2016, 04:45:27 PM
 #6

i prefer bitcoin than gold as it is much easier for me to spend and to keep.


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March 28, 2016, 04:49:37 PM
 #7

Gold will always be a trade currency
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March 28, 2016, 04:51:38 PM
 #8

i would take in consideration platinum, or other precious metal than gold, i don't see the potential in gold anymore, it's an ancient relic
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March 28, 2016, 04:56:31 PM
 #9

i prefer to bitcoin. bitcoin really more easily than gold of everything and in the future bitcoin will be even better of gold.

 
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March 28, 2016, 05:07:17 PM
 #10

Gold has been traded for centuries and has withstood the test of time. Gold has also an aesthetic value for the rich people who love to flaunt around their new super expensive gold jewellery Cheesy Now I think both Bitcoin and gold can be used as a store of value with the only difference being that Bitcoin wealth can be moved inconspicuously while physical gold despite looking good in person has a lot of weight to it and you would need a safe to protect that treasure from prying eyes. All in all both have their advantages and disadvantages and their utility depends on the situation at hand.
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March 28, 2016, 05:23:46 PM
 #11

Bitcoin is more scarce.
Bitcoin has better divisibility.
Bitcoin is way easier to transport (poratbility) and storing it safe is much cheaper and needs less space.
Gold is a nice to have. But if economy and financial markets should go down and shit hits the fan so that I had to leave I would always prefer to own Bitcoin.
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March 28, 2016, 05:28:31 PM
 #12

A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you

do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think

that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about

60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain....  Wink
the only thing make gold better than bitcoin is phisycal and gold can shaped in any jewelry,its easy and happy to have investement and also can wear that investement,so we can get two benefit,invest and jewelry.
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March 28, 2016, 05:46:44 PM
 #13

To my opinion gold and Bitcon are not comparable, this are totaly different things and two totaly different types of investment.

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March 28, 2016, 09:37:45 PM
 #14

You're opinion is make sense enough, but as bitbunnny said it's not comparable. We don't need to do something like this anymore, it just like comparing a Pizza with a Spaghetti.

faucet used to be profitable
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March 28, 2016, 09:43:36 PM
 #15

I live in small apartment in Stockholm.  I have no room for gold.  For that reason alone, bitcoin is better than gold (for myself)
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March 28, 2016, 10:37:19 PM
 #16

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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March 28, 2016, 10:52:29 PM
 #17

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.
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March 28, 2016, 11:53:57 PM
 #18

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.

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March 28, 2016, 11:55:12 PM
 #19

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
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March 29, 2016, 12:13:43 AM
 #20

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.

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