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Author Topic: Bitcoin or a gold bar with the same value?  (Read 3916 times)
Reid
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September 04, 2016, 03:09:45 AM
 #101

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

An easy question specially when you are an old person that is used to the fact that gold is much valuable and the safest pick. Plus, it is physically seen or can be touched. It wont rot also giving it more value in the future. I will pick gold.
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September 04, 2016, 03:14:52 AM
 #102

As much as I love bitcoins, I would definitely go with the gold bar. Better safe than sorry.
I know what you mean there.
Bitcoin is just to volatile to trusted 100% and with this amount of money I would say the same thing. Better to be safe than sorry.
Plus gold bar is solid substance that you can hold in your hands while bitcoins are not. Unless you put them on a coin or something. Wink

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September 04, 2016, 04:04:52 AM
 #103

gold bar , because it is safer and we don't know what will happen with bitcoin in future so it still risky
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September 04, 2016, 04:28:35 AM
 #104

gold bar , because it is safer and we don't know what will happen with bitcoin in future so it still risky

how is gold bar safer? where are you going to store that gold bar? even a safe can be broken into and your gold bar stolen.

but with bitcoin you can create an impenetrable cold wallet that nobody can get into except you with the password for the encryption.

also as for the price gold is also going up and down (smaller but still) but bitcoin is a growing thing which has been going only up when you look at the long term changes.

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September 04, 2016, 04:32:49 AM
 #105

for me bitcoin will be more profitable in the short-term investments. while gold would be much safer for long term investment. every investment has advantages and disadvantages of each.
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September 04, 2016, 04:46:10 AM
 #106

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

will take bitcoin since it still has the chance to go up to which later i can buy 1 bitcoin for two gold bars. Smiley  maybe even more if bitcoin goes thousands
how small can this gold bar be by the way?  Xaurum gold bars seem smaller than what i can see on movies.



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September 04, 2016, 05:10:55 AM
 #107

Unless i desperately need save investment (stable value which increase over time), i would choose 10 bitcoin over gold bar with the same value.
Also, i can spend my bitcoin easily or exchange it to fiat compared if i want to sell my gold bar.
correctly . with a very high rate of increase bitcoin could be a profitable business. and a gold bar can be used as a savings for the future. we definitely have to do everything possible to have the best future.
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September 04, 2016, 05:50:34 AM
 #108

for me there is no "OR" instead i use "AND" lol
i mean i always prefer to diversify, which means i choose investing in bitcoin and also gold. you can do half and half or like me 80% bitcoin 20% gold or any other way of distributing your investment that you prefer.
you can also add other things like altcoins to your list or even other markets like stocks.

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September 04, 2016, 06:17:29 AM
 #109

if this offer will be provided me to choose between of them then i will choose gold bar . because in case of gold there is no chance to loss with practical vakue since loss of money in bitcoin can done in many ways by fraud or by online wallet to ran away away . bitcoin in risk ful business to get profit but it should not give to priority .
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September 04, 2016, 08:05:08 AM
 #110

if this offer will be provided me to choose between of them then i will choose gold bar . because in case of gold there is no chance to loss with practical vakue since loss of money in bitcoin can done in many ways by fraud or by online wallet to ran away away . bitcoin in risk ful business to get profit but it should not give to priority .

Well I will choose goldbar not because I hate bitcoin but I actually love it. The reason why I'm choosing goldbar because gold has a value even before machines was invented. This displays that gold has proven itself to be trustworthy within a thousand years according to history. And lastly even without internet or electricity we can sell gold.
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September 04, 2016, 08:07:56 AM
 #111

Well, I love Bitcoins very much but if I have to choose I will take gold. It's still more solid and reliable so the chances for loss are lower.

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September 04, 2016, 10:18:32 AM
 #112

If bitcoin and gold bar has the same value i would rather to choose bitcoin because it is easy to earn and to get. Bitcoin also get in the internet while gold get in the land. Bitcoin can invest in many ways while gold can invest in few ways. Bitcoin can convert easy in applications and website while gold can convert in banks.
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September 04, 2016, 10:29:01 AM
 #113

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

I would choose bitcoins and start trading altcoins with them because 10 bitcoins is really a huge capital which can generate some good profits for you everyday so i believe i can earn even more than 10 bitcoins after sometime with that method and then i can cash them out and buy the gold and save them so it means i had taken both.
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September 04, 2016, 11:37:43 AM
 #114

gold bar , because it is safer and we don't know what will happen with bitcoin in future so it still risky

The only thing that i know will happen at 2020 is the next halving that should double the value to follow the formula made by Nakamoto. I would choose bitcoin because the huge potencial.
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September 04, 2016, 03:13:10 PM
 #115

gold bar , because it is safer and we don't know what will happen with bitcoin in future so it still risky
gold is not useful at all to be honest, i think that bitcoins are way better and i think it is going to go up way more than the gold

 
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September 04, 2016, 03:25:03 PM
 #116

i was just wondering if there is an estimated percentage of gold that we mined? we know the number for btc but for gold? we could always find more, so in a sense i think bitcoin might be better.
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September 05, 2016, 06:30:03 PM
 #117

I would probably go for the bitcoins, They can be easily exchanged far more than gold IMO and you can rely on them being reliable, Even if you don't have interest in keeping them long term they are still the more convenient payment method IMO.

off-topic: where can you find such guy?  Grin
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September 05, 2016, 06:55:21 PM
 #118

I would probably go for the bitcoins, They can be easily exchanged far more than gold IMO and you can rely on them being reliable, Even if you don't have interest in keeping them long term they are still the more convenient payment method IMO.

off-topic: where can you find such guy?  Grin

you wish. go in a store and buy some gum. then offer to pay 1000 bitcoins for it or 10 Kg Gold, but they will have to decide now.
99% will pick the gold. even thou the bitcoin are more handy to carry around then 10 Kg of gold.

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September 05, 2016, 06:59:39 PM
 #119

This is really not a fair question.  For those of us who are well versed when it comes to money, we know that a gold bar worth 10 BTC would cost almost 7% to liquidate it, so we would be loosing 7% of our money from the door.  Now if you ask that question of bitcoin vs. your local currency, that would be a more fair question.  Either way, I would answer both questions with Bitcoin.  I know there is a lot of future with bitcoin and having 10 bitcoin is worth more to me than having $10 btw in value worth of cash or gold.



                                                                                                                                             
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September 06, 2016, 12:50:35 AM
 #120

i was just wondering if there is an estimated percentage of gold that we mined? we know the number for btc but for gold? we could always find more, so in a sense i think bitcoin might be better.
Mining? and you see the question is having a relationship with mining?I don't see that. You can, you just made an irrelevant post, mining in the digital compared with real mining?irrelevant

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