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Author Topic: Bitcoin vs Gold vs Cash  (Read 2789 times)
just_Alice
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November 02, 2016, 06:48:59 PM
 #21

I disagree that only a limited amount of gold exists and that that's why it is protected from inflation. Who knows how many places which are still unexplored could contain gold. Cash is out of the question in that regard. So Bitcoin is the best like you said.  Cheesy

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November 18, 2016, 08:00:34 AM
 #22

I disagree that only a limited amount of gold exists and that that's why it is protected from inflation. Who knows how many places which are still unexplored could contain gold. Cash is out of the question in that regard. So Bitcoin is the best like you said.  Cheesy

Cash can buy anything, no limit at all, while bitcoins have. the disadvantage of bitcoins was if there is no connection, how can you access your wallet? unlike if it is already converted into cash, you can. when it comes to Gold. Gold prices also fluctuates, its price was depends on the exchange rate of dollars. Gold can be use to pawn or sell at higher price. I still want to invest on bitcoins than gold.

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November 18, 2016, 08:23:13 AM
 #23

I disagree that only a limited amount of gold exists and that that's why it is protected from inflation. Who knows how many places which are still unexplored could contain gold. Cash is out of the question in that regard. So Bitcoin is the best like you said.  Cheesy

Gold ofcourse does not have a limited amount, there can still be a lot of gold inside the earth or in the sea which are not discovered yet, while bitcoin has a limited amount because it is something that cannot be generated anymore nor there are any more bitcoins to be discovered.

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November 18, 2016, 08:29:36 AM
 #24

I disagree that only a limited amount of gold exists and that that's why it is protected from inflation. Who knows how many places which are still unexplored could contain gold. Cash is out of the question in that regard. So Bitcoin is the best like you said.  Cheesy

Cash can buy anything, no limit at all, while bitcoins have. the disadvantage of bitcoins was if there is no connection, how can you access your wallet? unlike if it is already converted into cash, you can. when it comes to Gold. Gold prices also fluctuates, its price was depends on the exchange rate of dollars. Gold can be use to pawn or sell at higher price. I still want to invest on bitcoins than gold.

I agree, the cash right now mm single use anywhere. A Bitcoin - this alternative currency. Everyone chooses himself than it is convenient to use
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November 18, 2016, 08:38:46 AM
 #25

I disagree that only a limited amount of gold exists and that that's why it is protected from inflation. Who knows how many places which are still unexplored could contain gold. Cash is out of the question in that regard. So Bitcoin is the best like you said.  Cheesy

Cash can buy anything, no limit at all, while bitcoins have. the disadvantage of bitcoins was if there is no connection, how can you access your wallet? unlike if it is already converted into cash, you can. when it comes to Gold. Gold prices also fluctuates, its price was depends on the exchange rate of dollars. Gold can be use to pawn or sell at higher price. I still want to invest on bitcoins than gold.
if that so,even bitcoin have the disadvantages but bitcoin will be suited well to be an alternative currency,and if it was an alternative currency in the digital world it do be a perfect option,cash can't be spent on digital world but bitcoin can,both have disadvantages but also have an advantages which beneficial for both

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November 18, 2016, 01:32:38 PM
 #26

I disagree that only a limited amount of gold exists and that that's why it is protected from inflation. Who knows how many places which are still unexplored could contain gold. Cash is out of the question in that regard. So Bitcoin is the best like you said.  Cheesy

Gold ofcourse does not have a limited amount, there can still be a lot of gold inside the earth or in the sea which are not discovered yet, while bitcoin has a limited amount because it is something that cannot be generated anymore nor there are any more bitcoins to be discovered.

I agree with this regarding  on the  amount   of  each which  they  do really differ  hence  a digital currency and a  natural  mineral  can be found   on  earth  do really  have  differences.  Bitcoin  is  limited and  gold  is  unlimited  even  they have differences  they still have  smilarities  like   increasing price  and  also  a  good  investments.

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November 18, 2016, 01:54:13 PM
 #27

The risk that Bitcoin could be worth nothing tomorrow is little. There's has been a period in which the price of Bitcoins has fallen from USD 600 to USD 120 and this could happen again too if unforeseen circumstances exists, but this could happen with stocks of large businesses and currencies of different nations as well. Also, Bitcoins value can never drop dead to USD 0, so it'll always have some value but can get invaluable if it drops below some amount, during which many people would sell, few brave ones would purchase in the hopes of future increase in price..etc.

Also, gold has less liquidity compared to Bitcoins, but it's a tangible asset that anyone can hold and wear as ornaments. It has an appeal for the rich and higher middle class, but Bitcoins shouldn't be catered just for such people, it's focused on remittances for the poor and the poor people who have less access to technology and banks are far from reach.


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November 18, 2016, 01:58:15 PM
 #28

I totally agree with op about the land, land is a good investment, but the procedure to obtain potential land its very difficult, and it cost a lot, so for a medium economic person bitcoin and gold will be more reasonable investment, but for now i more suggested to save bitcoin as investment
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November 18, 2016, 02:19:39 PM
 #29

I live in a country where bitcoin is not yet much popular and thus there are almost near to zero offline merchants (at least in my town) so keeping my funds in bitcoin is not wise idea for me unless I am investing in it. Investing in gold sounds good but still, I see it as a dead investment (because you have to rely on price increase as there are no returns once invested). Now, Cash is only option for day to day transactions so I conclude that,

Cash is good for day to day transactions (including digital wallets funds).
Gold is good for keeping funds secure (any price increase is bonus).
Bitcoin is good for long term investment (also we can earn interest, use it as cash etc).

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November 18, 2016, 02:26:46 PM
 #30

I disagree that only a limited amount of gold exists and that that's why it is protected from inflation. Who knows how many places which are still unexplored could contain gold. Cash is out of the question in that regard. So Bitcoin is the best like you said.  Cheesy
yes that is fact that no one know that how much gold still can be explore, and no one know the present amount of gold that how much gold is present int this world, as gold is too much stable and there is a little fluctuation in the price of bitcoin, where cash is limited and centralize currency, therefore to me the best option is bitcoin which is decentralize a universal currency which can be use equally in all over the world. but the user of bitcoin are still very low still hope that a time will come when all the people of the world will be using bitcoin.

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November 18, 2016, 02:32:27 PM
 #31

Cash is good all the time we can use it to deal in every day use like we are using it in every day buying foods and needs so that we can live with cash in gold is good investment too when you have golds to get and invest it to get money and bitcoin i use this in daily trading i can really make profit here.

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November 18, 2016, 02:34:21 PM
 #32

I totally agree with op about the land, land is a good investment, but the procedure to obtain potential land its very difficult, and it cost a lot, so for a medium economic person bitcoin and gold will be more reasonable investment, but for now i more suggested to save bitcoin as investment

Nobody started with empires but with small lands. You just start off with a small land and you will then find out how to do business with it and how to 'multiply' your land. I think cash should be on the last place, and Bitcoin is right in the middle. Why? Because cash is not anonymous and will become worthless in case of a crisis, while Bitcoin is anonymous and the price will rise during a crisis (see India today). Gold instead is the only currency that can NOT become worthless whatever happens, its price will only keep rising and is the safest option to rely on. Because it's heavy, there is not even needed much space to hold millions (probably a bag of gold for a few million bucks).
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November 18, 2016, 03:24:32 PM
 #33

The risk that Bitcoin could be worth nothing tomorrow is little. There's has been a period in which the price of Bitcoins has fallen from USD 600 to USD 120 and this could happen again too if unforeseen circumstances exists, but this could happen with stocks of large businesses and currencies of different nations as well. Also, Bitcoins value can never drop dead to USD 0, so it'll always have some value but can get invaluable if it drops below some amount, during which many people would sell, few brave ones would purchase in the hopes of future increase in price..etc.

Also, gold has less liquidity compared to Bitcoins, but it's a tangible asset that anyone can hold and wear as ornaments. It has an appeal for the rich and higher middle class, but Bitcoins shouldn't be catered just for such people, it's focused on remittances for the poor and the poor people who have less access to technology and banks are far from reach.

I agree that the value of Bitcoin won't go down to zero, this is next to impossible under any circumstances. It has already been adopted and for good reason - it's incorruptible and fully decentralized. In theory, gold is very similar in those aspects, but it is different in the volume of its supply as compared to bitcoin's as we know that it's supply is totally final.
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November 19, 2016, 06:06:31 AM
 #34

Cash is good all the time we can use it to deal in every day use like we are using it in every day buying foods and needs so that we can live with cash in gold is good investment too when you have golds to get and invest it to get money and bitcoin i use this in daily trading i can really make profit here.

I would say that cash is the best, because you will convert gold into cash, you will convert bitcoin into cash. And everything that we are transacting are always with the use of cash. Because those merchants who are accepting bitcoins are still few in the cycle and as well as the people who are accepting payments with the use of gold.

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November 19, 2016, 06:11:23 AM
 #35

I totally agree with op about the land, land is a good investment, but the procedure to obtain potential land its very difficult, and it cost a lot, so for a medium economic person bitcoin and gold will be more reasonable investment, but for now i more suggested to save bitcoin as investment

It is not important to buy an empire in order to start real estate business, you can start off with small and good to be bought lands at first, and with the time you can increase the limits of what you are doing, surely you wont be able to buy big lands as you may do not have the capital required.

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November 19, 2016, 06:44:43 AM
 #36

Cash is good all the time we can use it to deal in every day use like we are using it in every day buying foods and needs so that we can live with cash in gold is good investment too when you have golds to get and invest it to get money and bitcoin i use this in daily trading i can really make profit here.

I would say that cash is the best, because you will convert gold into cash, you will convert bitcoin into cash. And everything that we are transacting are always with the use of cash. Because those merchants who are accepting bitcoins are still few in the cycle and as well as the people who are accepting payments with the use of gold.

What you are telling is true for daily users but if you have bitcoin then the price is also increase and when ever you want to convert it to fiat currency you will get more then buying price, so i will prefer for bitcoin as when ever i am in need of fiat currency i can easily convert and enjoy my life
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November 19, 2016, 06:47:17 AM
 #37

So, gold and cash have some good and some bad properties.

Gold:

good - only a limited amount exists, hence protection from inflation
good - has intrinsic value (at least to some degree)
bad - difficult to transfer, divide, verify that it's authentic, hence higher transaction costs

Cash:

good - you can give it to anyone anonymously. It just works. i.e. the definition of "currency". Near-zero transaction costs
bad - loses its value due to inflation

In a sense, bitcoin is the ultimate combination of the good parts of gold and cash. It has the intrinsic value of gold (nobody can create more of it, so the value is permanent) combined with the intrinsic value of cash (near-instantly transferable to whomever in any amount you wish - as an extra bonus, it works worldwide!).

Of course, there is the risk that bitcoin is worth nothing tomorrow. But how big is it?

I'm going with Twain: "Buy land. They're not making it anymore." At least by the year 2140... (Imagine if you got in when they were making the first patches of land)

Cash is always exists all the time and we need cash for our physical needs and everytime we need in daily living if we don't have cash then work for another cryptop like bitcoin im a student and i can really say now that i am earning from this currency and gold i have gold too but i don't invest it i just hold it and sell it for the right time.


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November 19, 2016, 08:07:40 AM
 #38

I will go with bitcoin because always wanted to invest and it is only here where I have experience success. I have cash but only up for my daily expenses and expected expenses but most of my savings are in investment and big portion of it are in bitcoin.



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November 19, 2016, 08:31:36 AM
 #39

Im more of a gold. Gold is one of the precious metals on earth. It is safer now to have gold than bitcoin and cash. Because of economic crisis, cash are unstable as well as bitcoin. Gold is more stable than other two. Bitcoin for me is good for investment and cash for buying. For long term for me is gold.

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November 19, 2016, 09:14:20 AM
 #40

So, gold and cash have some good and some bad properties.

Gold:

good - only a limited amount exists, hence protection from inflation
good - has intrinsic value (at least to some degree)
bad - difficult to transfer, divide, verify that it's authentic, hence higher transaction costs

Cash:

good - you can give it to anyone anonymously. It just works. i.e. the definition of "currency". Near-zero transaction costs
bad - loses its value due to inflation

In a sense, bitcoin is the ultimate combination of the good parts of gold and cash. It has the intrinsic value of gold (nobody can create more of it, so the value is permanent) combined with the intrinsic value of cash (near-instantly transferable to whomever in any amount you wish - as an extra bonus, it works worldwide!).

Of course, there is the risk that bitcoin is worth nothing tomorrow. But how big is it?

I'm going with Twain: "Buy land. They're not making it anymore." At least by the year 2140... (Imagine if you got in when they were making the first patches of land)

Yes, gold is indeed harder to work with than cash. And yet it passed the test ot time, which is a big plus. As for cash, another bad thing about it is that you can just accidentally burn it or spoil in some other way, because the material is thin. And you are also not aware who else has touched it, so there is a hygiene problem there as well.
As for Bitcoin, than you can't spoil it accidentally and are not very likely to lose it. And yet it is not very stable and the transaction costs are between gold and cash.

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