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Author Topic: Bitcoin or a gold bar with the same value?  (Read 3978 times)
Kprawn (OP)
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August 02, 2016, 06:48:34 PM
 #1

Let's test your belief in Bitcoin's potential. OK, let's say someone approach you, and offer you two options for free...

1. 10 bitcoins

or

2. A gold bar with the same value at the time.

What will you chose? We all say, we believe in Bitcoin and it's future, but if you faced with this decision... would you go for the traditional safe heaven or would you go with the new Bitcoin option, that

are still in it's experimental phase?

Give me your reasons, why you would take the one over the other.... I know which option people will chose that are not familiar with Bitcoin ----> Gold bar.  Roll Eyes

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August 02, 2016, 07:08:36 PM
 #2

If that question was asked a month ago when the price was stable then I would choose only bitcoin and not the gold bar, but now I will choose for both options, like i will (in today situation when the price is going down faster) choose for gold and will keep it till the time when the price of bitcoin once again become stable at a good value. But if you offer bitcoin in worth of a quantity of gold then I will accept bitcoin as in the future the bitcoin will rise and I will have more value.

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August 02, 2016, 07:10:31 PM
 #3

A gold bar. You can't trust Bitcoin more than Gold, because Gold will NEVER disappear. It's going to be a currency forever. Bitcoin instead.. well, it can fail at any second. Just a split second of no energy worldwide. Will you trust BTC ever again? I don't think so. For those investing in Bitcoin all their money, that would be a split second of poverty.
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August 02, 2016, 07:31:10 PM
 #4

A gold bar. You can't trust Bitcoin more than Gold, because Gold will NEVER disappear. It's going to be a currency forever. Bitcoin instead.. well, it can fail at any second. Just a split second of no energy worldwide. Will you trust BTC ever again? I don't think so. For those investing in Bitcoin all their money, that would be a split second of poverty.
bitcoin is way better than gold right now because it can make you a lot of money, in my opinion gold is too old already and bitcoin technology is better

 
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August 02, 2016, 07:44:35 PM
 #5

shortem and trade daily trade make use profit your must choose bitcoin
but longterm investment and saving choose gold
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August 02, 2016, 07:53:44 PM
 #6

I would probably have to choose gold simply because i don't like storing large values in Bitcoin, I rarely keep more than 2-3btc in Bitcoins because I don't want the value to fluctuate too much. Moreover, gold is rising steadily right now, unlike Bitcoin which seems to be declining in value.
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August 02, 2016, 08:28:38 PM
 #7

If I'll be asked that, I guess Ill choose 10 Bitcoins rather than a gold bar for several reasons. One of the reasons is that bitcoin is easier to store. Another reason is that I can convert it to fiat easily anytime without going out of the house and because of it's portability I can sell it anytime whenever I see a dump coming and rebuy when I see a pump coming not like gold that moves little by little.
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August 02, 2016, 08:32:21 PM
 #8

yeah i would have to say at the minute it would be the gold bar, in my opinion bitcoin is still an experiment, but i would also love the option to go half and half, diversifiy
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August 02, 2016, 08:33:15 PM
 #9

I'm still young so I would definitely have to go with the BTC, simply because of the potential growth it holds. If the value of bitcoin stagnates or goes down I can accept the loss a lot more seamlessly than when I'm older. However if the value rises like we all assume it will, then I become significantly wealthier for a little bit of risk. Where as gold may be the safe option.. It just is too damn heavy to carry ^_^
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August 02, 2016, 08:52:56 PM
 #10

If I had a choice I would take 5 Bitcoin and the equivalent of 5 Bitcoin in gold, because I think it's wise to be invested both in precious metals and Bitcoin. If I would not be allowed to split the total amount, I would take 10 Bitcoin, because I consider the process to acquire Bitcoin still a bit more tedious than acquiring gold.

However in general, I would not acquire a gold bar, but old original circulation gold coins. Such gold coins tend to have better fungibility, because their weight is standardized, they are a bit more difficult to counterfeit, and they represent smaller chunks of gold than a single bar.

In general, I consider owning Bitcoin more risky than gold, since Bitcoin has only a very short history of usage. On the other hand, it's potential for value appreciation is higher, since it is less well known and owned by fewer people. Because I'm still relatively young and the funds in either Bitcoin or gold would be a gift, it's o.k. for me to take the higher risk.

ya.ya.yo!

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Senor.Bla
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August 02, 2016, 09:16:25 PM
 #11

if it is the same value, then it should not matter.
since it is easier to buy gold with bitcoin, than to buy bitcoin with gold, i would prefer bitcoin. also the quick ups and downs can be a good thing, but on the other hand gold might be consider safer, because it is so much longer there and has proven its value.

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August 02, 2016, 09:20:46 PM
 #12

it depends on what you want to invest in lol. bitcoin to me is more of like a relatively short term investment whereas gold is a long term investment.
the gold prices stay extremely stable compared to bitcoin. so if you are not a risk taker you would choose gold.
me personally would choose bitcoin because the price just crashed a bit over the last couple of days and i expect it to go back up.
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August 02, 2016, 09:26:17 PM
 #13

bitcoin all day long. gold does nothing for me and there ain't enough potential upside. i'm not interested in preserving value and i'm willing to take a very long term bet.

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August 02, 2016, 11:37:19 PM
 #14

For about the 5000 USD investment, buying gold taking you nowhere in 20 or more years. Gold might hold value very well, but you should not expect it appreciate in value much, so the equivalent of today 5000 USD might mean not much for you after 20 or so years when you already should have house and kids on their own.

On the other hand Bitcoin is much riskier but with a lot potential to take from your 5000 USD investment a fortune after a while, gold cannot offer such potential appreciation. Thats why I prefer putting such smaller amounts to Bitcoin. But if you had much more to store, like million USD, then gold is beter choice for most of this million, while Bitcoin only for much smaller part.

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August 02, 2016, 11:41:37 PM
 #15

A gold bar. You can't trust Bitcoin more than Gold, because Gold will NEVER disappear. It's going to be a currency forever. Bitcoin instead.. well, it can fail at any second. Just a split second of no energy worldwide. Will you trust BTC ever again? I don't think so. For those investing in Bitcoin all their money, that would be a split second of poverty.
As much as I support bitcoin, I agree with this 100%.  I would totally take a gold bar over bitcoin any day.  It is physical and beautiful rather than abstract and ephemeral.  I hate to say it, but it's not even a tough choice on this one.

Edit:  I'm getting aroused just thinking about it.

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August 03, 2016, 12:38:47 AM
 #16

A gold bar. You can't trust Bitcoin more than Gold, because Gold will NEVER disappear.
Like example bitcoin without the internet? is useless but the gold without internet?is still useful,but in this time maybe a lot of people is not preferred about bitcoin caused by appearing another bitcoin big cases. and giving a lot of losing for many people in the bitcoin world.

it's not rational to compare the virtual currency and real currency like this.

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August 03, 2016, 12:45:06 AM
 #17

A gold bar. You can't trust Bitcoin more than Gold, because Gold will NEVER disappear.
Like example bitcoin without the internet? is useless but the gold without internet?is still useful,but in this time maybe a lot of people is not preferred about bitcoin caused by appearing another bitcoin big cases. and giving a lot of losing for many people in the bitcoin world.

it's not rational to compare the virtual currency and real currency like this.

maybe bitcoin is useless without internet but it is easy to use and exchange to fiat anytime and anywhere unlike gold bar. it is too risky to carry or store a physical gold
because it is too hot in the eye of thief. But i agree on your point that gold bar will never disappear but it can disappear when it is stole by a thief. Cheesy
but i will still choose gold bar because of its elegant feature ad appearance.

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August 03, 2016, 01:27:21 AM
 #18

I rather pick bitcoin IF both bitcoin and gold have the same value, because i can use bitcoin to growth my bitcoin like do some trading, gambling and investing.
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August 03, 2016, 01:28:10 AM
 #19

I'll do the same I will accept gold bar than bitcoin, and then after giving it to me ill sell the half of gold bar and buy bitcoin. Grin Grin many investor want bitcoin not only the price of it or potential other want bitcoin because of many use and I'm the who want it.

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August 03, 2016, 01:29:01 AM
 #20

Let's test your belief in Bitcoin's potential. OK, let's say someone approach you, and offer you two options for free...

1. 10 bitcoins

or

2. A gold bar with the same value at the time.

You asking this on bitcoin forum? Wink Of course i would choose bitcoins.
Gold is heave, hard to carry with you, bitcoin not.
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