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justdimin
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May 15, 2016, 05:00:39 PM |
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i don't think it is entirely right to compare gold and bitcoin together. both of them have similarities as an investment so you can compare them in that aspect but bitcoin is much more than just an investment so that makes it different from gold, different better that is.
Well, you could say that Bitcoin is the virtual gold because just like in the real world, the supply isn't infinite. It is a limited supply and many are mining for it. I don't think I know well enough about bitcoins and gold to compare them about which is the better investment, but I can assure that there is definitely profits there. |
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jtalk
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Activity: 1610
Merit: 1004
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May 15, 2016, 05:11:21 PM |
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Bitcoin succeed to get attention and is on way of making its mark.The biggest problem with Bitcoin was price which is seeming to be resolved once we cross the halving.Once Price will be stable we can compare it with gold.It is better to let some part in gold as well.Both are best as they bring you freedom and control over your wealth directly.
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draceus
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May 15, 2016, 05:20:26 PM |
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i don't think it is entirely right to compare gold and bitcoin together. both of them have similarities as an investment so you can compare them in that aspect but bitcoin is much more than just an investment so that makes it different from gold, different better that is.
Correct their are similarities; mining, investinet etc. but they are also very different. Bitcoin is mainly meant for creating transactions, alas being a payment method (a currency). While gold is used to back up currencies, since it is very stable. Perhaps you are right, but people will always compare things with each other. And since they carry similarities it's not more then logic to compare them. It's too bad that bitcoin will lose since gold is the 'master'. But don't feel sad: the EURO, Dollar etc. will also lose. If gold will rise in future then bitcoin also has an potential to go higher in future, its just a matter of time and we will see much better bitcoin in future. exactly in future bitcoin will be world wide currency and I hope all people would use it but gold I think only few people will use because in bitcoin there are many way to make profit. |
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Nimbulan
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May 15, 2016, 05:45:48 PM |
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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....  i think that both investments are good, as gold price still rises to this day and i don't think that it will stop rising anytime soon, while bitcoin will have huge price rise in 2 months and i think that it is easier to predict bitcoin price, it may be new, but people like it more than gold and they invest into bitcoin more than into gold last 5 years |
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ekoice
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May 15, 2016, 05:57:42 PM |
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i don't think it is entirely right to compare gold and bitcoin together. both of them have similarities as an investment so you can compare them in that aspect but bitcoin is much more than just an investment so that makes it different from gold, different better that is.
Correct their are similarities; mining, investinet etc. but they are also very different. Bitcoin is mainly meant for creating transactions, alas being a payment method (a currency). While gold is used to back up currencies, since it is very stable. Perhaps you are right, but people will always compare things with each other. And since they carry similarities it's not more then logic to compare them. It's too bad that bitcoin will lose since gold is the 'master'. But don't feel sad: the EURO, Dollar etc. will also lose. If gold will rise in future then bitcoin also has an potential to go higher in future, its just a matter of time and we will see much better bitcoin in future. I think there is a nice comparison between bitcoin and gold since they both increase time to time but good thing is that bitcoin will always rise when gold price will increase. |
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pneumatic5
Full Member
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Activity: 238
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
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May 15, 2016, 06:42:36 PM |
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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.... Bitcoin is going to be double in value as its mining power is going to be half so buy bitcoins rather than buying gold |
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Crazygreek
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May 15, 2016, 07:10:49 PM |
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Nowdays a lot of people choosing gold cause of stability. Bitcoin have good perspective now but bitcoin is still unstable one.
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Zoomer
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May 15, 2016, 07:28:23 PM |
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Nowdays a lot of people choosing gold cause of stability. Bitcoin have good perspective now but bitcoin is still unstable one.
Smart people will always choose bitocoin over gold as they are aware about the potential of bitcoin, and it can give them best returns in future. |
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azeminjo09
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May 15, 2016, 08:35:54 PM |
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Both are ok, Yes many of them will accept gold, but BTC price can drastically be changed over night, and for gold I'm not pretty sure..
So for me both are ok.
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An0nym0us
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May 15, 2016, 08:37:43 PM |
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Both are ok, Yes many of them will accept gold, but BTC price can drastically be changed over night, and for gold I'm not pretty sure..
So for me both are ok.
I think investing in both of them is the best thing to do, as both have great potential to give best returns in future so I will invest in both of them. |
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CryptoBjorn
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May 15, 2016, 08:41:57 PM |
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Both are ok, Yes many of them will accept gold, but BTC price can drastically be changed over night, and for gold I'm not pretty sure..
So for me both are ok.
I think investing in both of them is the best thing to do, as both have great potential to give best returns in future so I will invest in both of them. Gold has proven to be very stable for the last centuries. With bitcoin we deal with a relative new asset which has yet to prove itself. I therefore don't believe you could compare them |
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VanDeinsberg12
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May 16, 2016, 12:39:34 AM |
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Both are ok, Yes many of them will accept gold, but BTC price can drastically be changed over night, and for gold I'm not pretty sure..
So for me both are ok.
I think investing in both of them is the best thing to do, as both have great potential to give best returns in future so I will invest in both of them. Gold has proven to be very stable for the last centuries. With bitcoin we deal with a relative new asset which has yet to prove itself. I therefore don't believe you could compare them I sure, The gold existence from various time to the last centuries with the very stable value just tell the main currency in the world is gold, So we can't to compare the main currency with 3rd currency like bircoin. |
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Doms
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May 16, 2016, 01:25:05 AM |
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If we are to talk about stability, gold deserves the nod here. Being so precious since time immemorial, we cannot deny the fact that gold will continue to serve as back up for our conventional currency. If we are going to talk about potential, then BTC would win hands down, taking into consideration its unique features and the fact that it is still in its infancy stage, yet there are quite a few who are supporting it.
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jerowacik
Legendary
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Activity: 1162
Merit: 1000
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May 16, 2016, 01:29:03 AM |
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Gold has the advantage that more than bitcoin. gold is more secure and saftey. investment in gold has advantages over other investments. investing in gold is a long-term investment.
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ajun96
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May 16, 2016, 03:57:23 AM |
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Nowdays a lot of people choosing gold cause of stability. Bitcoin have good perspective now but bitcoin is still unstable one.
in fact I think people would prefer prices fluctuate dude. even there are a lot of people mention that if bitcoin becomes stable, then many users will go out. people will benefit greatly when they invest in bitocin this time to be rich you have to take risks so I think it's better choose bitcoin. |
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fortunecrypto
Legendary
Offline
Activity: 2450
Merit: 1047
thecryptocurrency.directory
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May 16, 2016, 05:02:07 AM |
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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.... They are both valuable to me one way or the other they have an advantage and disadvantage to each other but at this point of time Bitcoin seems to have the slight edge because they are now highly adopted and there values keeps increasing many coins news are now imitating them just like when gold was at his highest demand.. |
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pocarime32
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May 16, 2016, 08:31:57 AM |
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I think both gold and bitcoin are same and both are better. Gold and Bitcoin have a good price for each and many people use both gold and bitcoin too.
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tabas
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May 16, 2016, 10:15:41 AM |
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I think both gold and bitcoin are same and both are better. Gold and Bitcoin have a good price for each and many people use both gold and bitcoin too.
There is still a difference for each of the two. The value of gold is stable and will keep on rising. Bitcoin is not that stable because sometimes that price is down, but as we can see it is very strong and getting more stronger when more stores adopted bitcoin as payment. |
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justspare
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May 16, 2016, 10:27:28 AM |
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If you just want to keep something other than fiat that is stable, then gold is better. If you want to make some money and you are willing to take some risk, then Bitcoin is better.
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pereira4
Legendary
Offline
Activity: 1610
Merit: 1183
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May 16, 2016, 12:28:09 PM
Last edit: May 16, 2016, 12:49:48 PM by pereira4 |
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Bitcoin destroys gold in every aspect possible. It is more easy to use and move around, it can be encrypted, it can be sent all over the world instantly.. you can't do shit nothing with your gold, other than hiding it in your closet and hope no one finds it. The only thing gold has is epic network effect, that's all. Other than that, it's trash.
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