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Author Topic: Bitcoin or a gold bar with the same value?  (Read 3911 times)
ashapasa
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August 04, 2016, 08:13:50 PM
 #81

Depends on the amount 10btc is not a big investment relatively speaking, so choosing it makes sense as it has more chances of exponential growth. If I was to choose between a 1000 Bitcoin and gold in equal value, than I will pick gold to preserve value.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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August 04, 2016, 08:28:23 PM
 #82

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
you are right bitcoin is better than gold because bitcoin increasing its price too much faster and if we hold our bitcoin as investment then we can get a good profit from bitcoin.
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August 04, 2016, 08:35:52 PM
 #83

Depends on the amount 10btc is not a big investment relatively speaking, so choosing it makes sense as it has more chances of exponential growth. If I was to choose between a 1000 Bitcoin and gold in equal value, than I will pick gold to preserve value.
10 bitcoin is not a big investment but it can grow to a huge height in my opinion so it is worth it, in my opinion gold is not worth investing

 
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August 04, 2016, 09:18:03 PM
 #84

Id have to go with gold on this one.
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August 04, 2016, 09:27:24 PM
 #85

To be honest, I think I would rather opt for gold in this scenario. There can be a LOT of money lost in Bitcoin during a shift in the market, especially with 10 BTC, so I would rather go with something more stable and something that has less of a chance to lose a portion of its value. While I would invest in Bitcoin, for numbers like that I'll just go with something safe. Regardless of whether or not I got the money free.
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August 04, 2016, 09:44:43 PM
 #86

Well thats a hard question, gold bar the price wont change a lot soo your investment will stay quite stable. Bitcoin for other side can turn into big income as a big loss from the investment, soo you must risk, i would buy both and see which one would be the best to hold and keep after 2-5 years, as in the short time wont be enought time to see the results.
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August 04, 2016, 09:53:35 PM
 #87

Gold bar. You shouldn't even have to think about it. Let's say you don't buy 10BTC and tomorrow the price raises to $1k/BTC. Bad news for you, BUT.......

You'll have gold. Gold price NEVER falls. Even if it does, it is just temporary. Gold will aleays be rare and valuable. Now think about this: tomorrow the WW3 starts. You have Gold. YOU ARE SAVED, basically. Nobody will look for Bitcoin anymore or any other currencyes; even having $1M cash.. you'll be looking just at a piece of paper, that's it.

Gold is also a great currency for trading. Gold will never have an end; you can even give it to your kids when you will age. And they can keep it for an infinite of generations..

Gold.
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August 04, 2016, 10:53:29 PM
 #88

If the price of bitcoin will be at downward then I will use gold bar while if the price of bitcoin will better and will increase then definitely I will choose for bitcoin as it will be my currency to use as normal currencies. In that situation i do not choose for gold because I will then sell the gold to buy anything while with bitcoin we can buy any thing easily.
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August 04, 2016, 11:02:29 PM
 #89

Depends on the amount 10btc is not a big investment relatively speaking, so choosing it makes sense as it has more chances of exponential growth. If I was to choose between a 1000 Bitcoin and gold in equal value, than I will pick gold to preserve value.
of course it is not a lot of money right now, i think if you want to invest a decent amount of money you would need to buy at least 100 bitcoins to make profit

 
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August 05, 2016, 12:39:13 AM
 #90

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.

i absolutely secondly agree with you...
For me i choose bitcoin even the gold is continuous rising its value and never dump because i like the way of price fluctuation i always take the advantage to have profit by trading method i can boost my earnings and also bitcoin is easy to exchange to a fiat.
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August 05, 2016, 03:50:30 PM
 #91

Bitcoin of course because in bitcoin, We have this thing called halving which enable the price to increase. Plus there are many things to do to earn bitcoins even without investment and considering its potential, I think we will have a good future with bitcoins.  The good thing in gold is that it is widely known and accepted unlike bitcoin

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August 17, 2016, 04:25:42 PM
 #92

Gold bar. You shouldn't even have to think about it. Let's say you don't buy 10BTC and tomorrow the price raises to $1k/BTC. Bad news for you, BUT.......

You'll have gold. Gold price NEVER falls. Even if it does, it is just temporary. Gold will aleays be rare and valuable. Now think about this: tomorrow the WW3 starts. You have Gold. YOU ARE SAVED, basically. Nobody will look for Bitcoin anymore or any other currencyes; even having $1M cash.. you'll be looking just at a piece of paper, that's it.

Gold is also a great currency for trading. Gold will never have an end; you can even give it to your kids when you will age. And they can keep it for an infinite of generations..

Gold.

I'm not convinced gold will be that important if WW3 arises. Things like anti-radiation meds, safe water, safe food, would probably be more valuable.

Right now I hold bitcoins and not one gram of gold, so I see no reason to change that. Unless it's a really large gold bar and I'm allowed to sell it and buy a house with it. But even for that BTC is probably better, I can try to hide the income, if I sell the gold I will be hit by hefty taxes.
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August 17, 2016, 04:46:13 PM
 #93

i would go with the bitcoin option and thats because of course it would be difficult to find someone to sell off the gold. or even melt it.
idk the procedure of turning gold into money but of course  you won't be able to do it alone.
and unless you are really informed about that subject, you could easily get scammed.
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September 04, 2016, 12:46:40 AM
 #94

If you're asking about short term, so I will definitely choose bitcoin, the investment in bitcoin gives a potential for earnings higher in the short term, but for long term, and if you need price stability, gold has proven to be more stable than bitcoin and it can also be used globally in every country, without many restrictions.
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September 04, 2016, 01:53:28 AM
 #95

For now, i prefer pick 10 bitcoins with the same value. Because the price of bitcoin is going up right now, but if the price of bitcoin is stable, i will pick a gold bar.
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September 04, 2016, 02:03:26 AM
 #96

As much as I love bitcoins, I would definitely go with the gold bar. Better safe than sorry.

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September 04, 2016, 02:06:50 AM
 #97

before choose you must know what do you want
if you want fast growth your money your must choose bitcoin
but you want savety saving your money and long term your must choose gold
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September 04, 2016, 02:55:17 AM
 #98

Bitcoin. Currently the price of bitcoin is almost on par to the price to create a bitcoin. So technically the price can only go up, unless bitcoin looses all its support, demand and supply.
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September 04, 2016, 03:06:51 AM
 #99

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

Gold. My reason is simple. It can easily be traded. I can sell it for a larger price also. I can make fiat out of it in an easy way that I could also buy bitcoin instantly aftsr exchanging it. Surely a lot of people will be interested in gold first.

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September 04, 2016, 03:08:49 AM
 #100

It would really depend on one's goals on which should be picked. If looking to store wealth and/or hide it, gold would be the better bet. If the goal was something that could be liquidated in the short term in small bits then, obviously bitcoin. Both have their strengths and weaknesses. A gold bar would be difficult to liquidate, especially if you only wanted to liquidate part of that investment. Bitcoin, on the other hand, isn't known for holding a steady value, so if you did need to liquidate it in a hurry, there's a chance you could take a serious loss if you were treating it as a commodity.
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