Is gold better than Bitcoin?

[Whosdaddy]

Gold is not better than Bitcoin but gold just works differenly, gold has been here for very long so it has a very big foundation.
Gold is super stable so good for keeping money save and bitcoin gives chance to make money with a little risk.

Nothing in the world is "super stable". Gold has been down like 5% in the last 30 days, which shows that there is volatility even there.

That is the reason, I never agree with going for gold investments as it is also has all the pitfalls of any investment opportunity. But, there are people who are still climing gold for lifelong holding, they are not ready to accept bitcoin for similar opportunities.

Bitcoin has all the potential to give more returns compared to gold, still we can have gold in small percentage, but going with bitcoin investments for your all investment capital will not disappoint you.

[Labumi]

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 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.

You can never say that gold is better than bitcoins becuase they are both good and allot of peopel want to use them both so you cant say
the one is better than the other one you know.

What you say is true, one is not 'better' than the other however the more complicated/advanced something is, the more dependencies it relies on just to exist, any single one of those dependencies fail and the whole thing comes crumbling down. Gold exists in and of itself without the need for dependencies like electricity, internet or electronic devices.

And I think gold holds more number of trusted users as it its allowing them to make good profits over a period of time and the trend will continue even in future.

No doubt because gold has been in existence before fiat was created I guess, and if you will compare with bitcoin they will certainly choose gold over bitcoin, however if you cannot invest gold you can always invest with bitcoin as it does not require a lot of capital to do it.

Yeah that's a great benefit of investing in bitcoin that you can start even with a small capital and added advantage is that you can even earn them so ultimately it will help you in growing your investment.

Investment is very profitable for us who did understand about the game bitcoin. We will feel the advantage of trusting and knowing well about bitcoin. Because all the knowledge we get will certainly provide an excellent effect for us and we certainly will vote for investment

[TastyChillySauce00]

Gold is not better than Bitcoin but gold just works differenly, gold has been here for very long so it has a very big foundation.
Gold is super stable so good for keeping money save and bitcoin gives chance to make money with a little risk.

Nothing in the world is "super stable". Gold has been down like 5% in the last 30 days, which shows that there is volatility even there.

everything is having volatile,even dollar,even euro,or anything else in this world,stable doesn't mean the price will always increasing or similiar thing with it,and there's no word super stable in my opinion,anything have a chance to be reduced its value so does with the gold that people are considering it as precious thing

[chaosknight]

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 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.

You can never say that gold is better than bitcoins becuase they are both good and allot of peopel want to use them both so you cant say
the one is better than the other one you know.

What you say is true, one is not 'better' than the other however the more complicated/advanced something is, the more dependencies it relies on just to exist, any single one of those dependencies fail and the whole thing comes crumbling down. Gold exists in and of itself without the need for dependencies like electricity, internet or electronic devices.

And I think gold holds more number of trusted users as it its allowing them to make good profits over a period of time and the trend will continue even in future.

No doubt because gold has been in existence before fiat was created I guess, and if you will compare with bitcoin they will certainly choose gold over bitcoin, however if you cannot invest gold you can always invest with bitcoin as it does not require a lot of capital to do it.

Yeah that's a great benefit of investing in bitcoin that you can start even with a small capital and added advantage is that you can even earn them so ultimately it will help you in growing your investment.

Investment is very profitable for us who did understand about the game bitcoin. We will feel the advantage of trusting and knowing well about bitcoin. Because all the knowledge we get will certainly provide an excellent effect for us and we certainly will vote for investment

At this stage I will prefer to invest in bitcoin as it has great potential to give huge profits in future which may not possible with gold and even we need to wait longer to expect profits from gold.

[electronicfactura]

We should avail the opportunities available and this is right way. There are many advantages of going for diversity as you don't become dependent on just a single thing. I will say Bitcoin,gold and cash all three should be with some reasonable ratio. That depends on you how to want to manage the percentage. Bitcoin as investment to grow big while gold is for both for bad times and cash for general needs all the times everywhere.

[btvGainer]

I would not say that gold is better is better then Bitcoin or Bitcoin is better then gold because I do not know that much about gold. I know allot about Bitcoin but that is also the only crypto currency that I make use of.
So I would say that it is a good thing to invest in Bitcoin but I am not sure about gold.

You can liquidate bitcoin anytime anywhere and all you need is just an internet connection (even dial up would do).Same is not true for gold, you need gold merchants to sell your gold if you want to sell at current market rate.
If you sell to individual,you will have the onus to prove purity of gold

[randy8777]

We should avail the opportunities available and this is right way. There are many advantages of going for diversity as you don't become dependent on just a single thing. I will say Bitcoin,gold and cash all three should be with some reasonable ratio. That depends on you how to want to manage the percentage. Bitcoin as investment to grow big while gold is for both for bad times and cash for general needs all the times everywhere.

the percentage in fiat shoud always be at least 50% since you at all times must have money aside for when you need it. the only negative aspect of gold for me is that when you plan to make a large investment, that you have it in physical form in your house. out of safety purposes i only have a small amount of gold. and yes, i know that banks offer an option to store it for you, but i don't like the idea of banks having even more control over my wealth. that's why i will never buy a lot gold.

[ObscureBean]

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 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.

You can never say that gold is better than bitcoins becuase they are both good and allot of peopel want to use them both so you cant say
the one is better than the other one you know.

What you say is true, one is not 'better' than the other however the more complicated/advanced something is, the more dependencies it relies on just to exist, any single one of those dependencies fail and the whole thing comes crumbling down. Gold exists in and of itself without the need for dependencies like electricity, internet or electronic devices.

And I think gold holds more number of trusted users as it its allowing them to make good profits over a period of time and the trend will continue even in future.

No doubt because gold has been in existence before fiat was created I guess, and if you will compare with bitcoin they will certainly choose gold over bitcoin, however if you cannot invest gold you can always invest with bitcoin as it does not require a lot of capital to do it.

Yeah that's a great benefit of investing in bitcoin that you can start even with a small capital and added advantage is that you can even earn them so ultimately it will help you in growing your investment.

Investment is very profitable for us who did understand about the game bitcoin. We will feel the advantage of trusting and knowing well about bitcoin. Because all the knowledge we get will certainly provide an excellent effect for us and we certainly will vote for investment

At this stage I will prefer to invest in bitcoin as it has great potential to give huge profits in future which may not possible with gold and even we need to wait longer to expect profits from gold.

Oh for sure, Bitcoin is way more profitable than gold, I too would choose Bitcoin as an investment. But for long term storage of my wealth I would definitely go with gold. with Bitcoin you can't simply buy and forget for 10 - 20 years, you need to always pay attention to what is happening with the technology, like for example if there is a fork and they give a deadline to swap your coins, you could end up losing everything if you're not keeping up to date with what's going on.

[mk4]

Gold is more stable price-wise compared to bitcoin. But, you can send bitcoin through the internet. What is better? completely depends on the person using it.

[doraemon1]

Of course, if your power is out the Gold will be accessible and tangible. Nobody will even care to hear of BTC when there is no electricity, but by all other means, I consider them almost equal.

[tampazeus]

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 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.

You can never say that gold is better than bitcoins becuase they are both good and allot of peopel want to use them both so you cant say
the one is better than the other one you know.

What you say is true, one is not 'better' than the other however the more complicated/advanced something is, the more dependencies it relies on just to exist, any single one of those dependencies fail and the whole thing comes crumbling down. Gold exists in and of itself without the need for dependencies like electricity, internet or electronic devices.

And I think gold holds more number of trusted users as it its allowing them to make good profits over a period of time and the trend will continue even in future.

No doubt because gold has been in existence before fiat was created I guess, and if you will compare with bitcoin they will certainly choose gold over bitcoin, however if you cannot invest gold you can always invest with bitcoin as it does not require a lot of capital to do it.

Yeah that's a great benefit of investing in bitcoin that you can start even with a small capital and added advantage is that you can even earn them so ultimately it will help you in growing your investment.

Investment is very profitable for us who did understand about the game bitcoin. We will feel the advantage of trusting and knowing well about bitcoin. Because all the knowledge we get will certainly provide an excellent effect for us and we certainly will vote for investment

At this stage I will prefer to invest in bitcoin as it has great potential to give huge profits in future which may not possible with gold and even we need to wait longer to expect profits from gold.

Oh for sure, Bitcoin is way more profitable than gold, I too would choose Bitcoin as an investment. But for long term storage of my wealth I would definitely go with gold. with Bitcoin you can't simply buy and forget for 10 - 20 years, you need to always pay attention to what is happening with the technology, like for example if there is a fork and they give a deadline to swap your coins, you could end up losing everything if you're not keeping up to date with what's going on.

If you have invested your money in bitcoins then you will surely keep yourself active with the price movements as no one will prefer to loose their money, and if you are active then it will bring more profits for you.

[dezoel]

Gold is surely better in compare to bitcoin when it comes to an long term investment as it is much safer in compare to bitcoins and it will surely give you profits in long term.

[Senor.Bla]

http://www.google.com/patents/US679215
EXTRACT GOLD FROM SEA WATER

Only Economically viable at around $2100 per ounce to go threw the trouble.

blog.modernmechanix.com/gold-from-the-sea/
Aug 31, 2008 - 'The process for taking gold from sea water is no more difficult a problem today than was the task of ex- tracting bromine ten years ago.

 I will Sooner invest in BTC than Gold by a long shot

Lead and Silver has a much larger potential for a Percentage based Increase btw, just thought i would throw that in there.

so if i understand you correctly you are saying that gold will lose in value since its supply will grow. i share that concern but gold will surely not lose all its value (that could happen to bitcoin) and it will take a while for people to realize this, so i would say gold is still very safe.

[Noctis Connor]

I am a bitcoin lover of course but , i just can't compare bitcoin to a gold why? simply because gold was made in nature and i can really say that this is one of the most beautiful things created by the creator.

Mee too im bitcoin lover lol nope gold is just created by science and it always a incedent that no one knows how gold are created i think if you are going to choose bitcoin or gold you will difinitely choose gold because it is made in nature but you can't made profit there unless you choose bitcoin.

[dreamer81]

i wonder if gold/silver is used if a natural disaster occurs. do people in syria now or people in christchurch (after the earthquake) use gold/silver or still use fiat? how about greece during the financial crisis? there was a shortage of fiat. you never hear about those things.

Greece never really went through a crisis - it was the media that hyped it into that. The shortage of fiat in greece was only for 14 days. People did not die of hunger in that time, so it wasn't really a problem.

why you think gold not worth anything when disaster came? example in conflict zone atm precious metals(not only gold) still used as medium of exchange. When internet goes down in the entire world (gold already pass through that era) yes it will be bigger problem, but who will stand as medium of exchange when that moment come? is it paper money, gold or bitcoin?

Gold could be used during the medieval ages as a form of payment - today it can't - in the future it can't. It's so easy to make fake looking Gold, that it would be impossible for the public to determine if it was real or not.

If the entire world went into massive crisis, with no internet, no fuel, shortage of food etc, I bet you that food/medicine will be the primary currency. I will trade you 2tons of gold for 1kg of food because my family is starving.

[Shibashi Dogemoto]

I am a bitcoin lover of course but , i just can't compare bitcoin to a gold why? simply because gold was made in nature and i can really say that this is one of the most beautiful things created by the creator.

Mee too im bitcoin lover lol nope gold is just created by science and it always a incedent that no one knows how gold are created i think if you are going to choose bitcoin or gold you will difinitely choose gold because it is made in nature but you can't made profit there unless you choose bitcoin.

You can also make profits with gold if you hold them for a long term and most of the users are doing it since long time but the fact is bitcoin can give us higher profits then gold.

[Senor.Bla]

i wonder if gold/silver is used if a natural disaster occurs. do people in syria now or people in christchurch (after the earthquake) use gold/silver or still use fiat? how about greece during the financial crisis? there was a shortage of fiat. you never hear about those things.

Greece never really went through a crisis - it was the media that hyped it into that. The shortage of fiat in greece was only for 14 days. People did not die of hunger in that time, so it wasn't really a problem.

the shortage of fiat was maybe for only 14 days, but during this shortage you did not now that. and if i and many other people would be unable to get our money and did not know for how long, i would start looking for alternatives rather earlier then later.

[croutonhexagon]

Both have their own advantages. In terms of transaction we can send bitcoin in just a matter of few minutes but it is not possible in gold. Good can be stolen but bitcoin is not stealable. We can trade with bitcoin but it is possible only for bulk amount.

[jayce]

Gold is older and more trusted than bitcoins

Yeah we all know that gold is a great investment thing, but imo bitcoin is better than gold, because bitcoin can be used as a currency beside as an investment thing. Also with blockchain technology, we can send our bitcoin to people from other country easily. But since not every people know bitcoin, gold still become favorite investment until now.

People who are not aware about the bitcoins and the traditional thinkers will always choose to invest in gold as gold exist since long time and that is the reason they have more faith in it.

Thats because bitcoin is a technology that using internet, so it sounds bit complicated for some people who doesnt know well about internet, even there are still people who doesnt have any idea about internet. Based on that, these people will choose gold since it's a physical thing and simple.

Not to mention that Bitcoin relies on the internet to even exist and guess who controls the internet and ISPs? the government of course. They can order your ISP to cut off your service any time, hell they could even cut off the internet to the entire country if they wanted to, then what? Gold is physical, you can always bury it in the desert or something 

Lol yeah, but bitcoin has higher potential as an investment than gold now, and people include me believe its value will be much more than gold in next few years. Well there are some governments who has limited their people to access internet, but seems they still can access it by some methods.

[stromma44]

Gold is older and more trusted than bitcoins

Yeah we all know that gold is a great investment thing, but imo bitcoin is better than gold, because bitcoin can be used as a currency beside as an investment thing. Also with blockchain technology, we can send our bitcoin to people from other country easily. But since not every people know bitcoin, gold still become favorite investment until now.

People who are not aware about the bitcoins and the traditional thinkers will always choose to invest in gold as gold exist since long time and that is the reason they have more faith in it.

Thats because bitcoin is a technology that using internet, so it sounds bit complicated for some people who doesnt know well about internet, even there are still people who doesnt have any idea about internet. Based on that, these people will choose gold since it's a physical thing and simple.

Not to mention that Bitcoin relies on the internet to even exist and guess who controls the internet and ISPs? the government of course. They can order your ISP to cut off your service any time, hell they could even cut off the internet to the entire country if they wanted to, then what? Gold is physical, you can always bury it in the desert or something 

Lol yeah, but bitcoin has higher potential as an investment than gold now, and people include me believe its value will be much more than gold in next few years. Well there are some governments who has limited their people to access internet, but seems they still can access it by some methods.

Internet has become an basic necessity of each and every individual and its not easily accessible to them then they are will to pay even higher cost for it as you cannot expect anything without internet.