machinek20
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April 24, 2017, 11:33:46 PM |
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Both bitcoin and gold is a good investment, but gold is more stable and more suitable for a long term, while bitcoin is more suitable for short term, and real reason to hold bitcoin is to beat inflation, as we know if we invest our money in fiat then every year our investment value is going down but bitcoin wont be influence by inflation
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Bitcoinsummoner
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April 24, 2017, 11:55:13 PM |
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Both bitcoin and gold is a good investment, but gold is more stable and more suitable for a long term, while bitcoin is more suitable for short term, and real reason to hold bitcoin is to beat inflation, as we know if we invest our money in fiat then every year our investment value is going down but bitcoin wont be influence by inflation
Honestly bitcoin is both for long term in short term the difference between gold and bitcoin the speed of price increase .. Bitcoin is always increase a huge price unlike gold the small interest you can seen every year.. Well if i want to be choose where to invest i'll stay with bitcoin since its already been tested that the price was increase by many years.
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phaddie
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April 25, 2017, 01:20:03 AM |
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Both bitcoin and gold is a good investment, but gold is more stable and more suitable for a long term, while bitcoin is more suitable for short term, and real reason to hold bitcoin is to beat inflation, as we know if we invest our money in fiat then every year our investment value is going down but bitcoin wont be influence by inflation
There is absence of inflation when it comes to investing money in bitcoins and even the price of bitcoin keeps on appreciating over a period of time and that makes it really attractive investment and you can also get benefits from it in short term which is totally missing in gold.
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Sled
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April 25, 2017, 01:32:23 AM |
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Both bitcoin and gold is a good investment, but gold is more stable and more suitable for a long term, while bitcoin is more suitable for short term, and real reason to hold bitcoin is to beat inflation, as we know if we invest our money in fiat then every year our investment value is going down but bitcoin wont be influence by inflation
There is absence of inflation when it comes to investing money in bitcoins and even the price of bitcoin keeps on appreciating over a period of time and that makes it really attractive investment and you can also get benefits from it in short term which is totally missing in gold. Gold is another story in terms of short term investment because gold is not like bitcoin that you can use in different scenarios like buying items or use it as a money in trading, you can't do that with gold so gold is lacking of volatility. Bitcoin and gold are best for both long term investment because they always go up in price while bitcoin can also good for short term which bitcoin makes very attractive other people who want fast profit scheme.
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MMA
Legendary
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April 25, 2017, 04:10:43 AM |
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Both bitcoin and gold is a good investment, but gold is more stable and more suitable for a long term, while bitcoin is more suitable for short term, and real reason to hold bitcoin is to beat inflation, as we know if we invest our money in fiat then every year our investment value is going down but bitcoin wont be influence by inflation
yes that is a fact that gold is more stable than bitcoin. but if you are going to invest your money for profit then you should need to invest your money in bitcoin because the price of bitcoin is expected to increase therefore you can earn more money by investing in bitcoin rather than investing in gold, because gold has a very stable price and there can be a very slight increase in the price of bitcoin.
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KennyR
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April 25, 2017, 04:19:06 AM |
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Both bitcoin and gold is a good investment, but gold is more stable and more suitable for a long term, while bitcoin is more suitable for short term, and real reason to hold bitcoin is to beat inflation, as we know if we invest our money in fiat then every year our investment value is going down but bitcoin wont be influence by inflation
There is absence of inflation when it comes to investing money in bitcoins and even the price of bitcoin keeps on appreciating over a period of time and that makes it really attractive investment and you can also get benefits from it in short term which is totally missing in gold. Agreed, gold give its users the assured value even after years, with bitcoin we can make speculative prediction but none gives an assurance on the price after years same as gold. In terms of profiting bitcoin helps in making profit in a short time which is not at all possible with gold. Gold have got its place, but continued support from people is required for the success journey of bitcoin.
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onrise
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April 25, 2017, 04:23:08 AM |
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You should hold gold because it's is accepted worldwide and exists from years . While Bitcoin if accepted in your country you should hold because it has the decentralised feature where no one controls it .
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nasipadang
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April 25, 2017, 04:52:09 AM |
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You should hold gold because it's is accepted worldwide and exists from years . While Bitcoin if accepted in your country you should hold because it has the decentralised feature where no one controls it .
And also bitcoin has a higher risk than gold due to decentralized features that result in fluctuating prices but also you can get more profit from bitcoin because the decentralized features, to invest gold you must have more capital to see its profits because gold tends to be stable
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whiteblue
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April 25, 2017, 04:52:42 AM |
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i think the best investment for now , bitcoin .. i see bitcoin from 2014 and now 2017 , the price is very shocked . . and many more country accept this bitcoin ,, more reason i have why must hold bitcoin Although fluctuating , but i believe bitcoin can success better than gold ..
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Question123
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April 25, 2017, 07:35:26 AM |
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i think the best investment for now , bitcoin .. i see bitcoin from 2014 and now 2017 , the price is very shocked . . and many more country accept this bitcoin ,, more reason i have why must hold bitcoin Although fluctuating , but i believe bitcoin can success better than gold .. Your right this year 2017 the price of bitcoin is really shocked. If you compared the price of bitcoin in 2014 to 2017 thats is already difference. As of now yes the price of bitcoin is good better than gold but gold also is good investment . In bitcoin yes your money have potential to increase very big but it is very risky because the price of bitcoin is not stable If you are risktaker invest in bitcoin but if you want sure profit choose gold but you can wait many years or decades before your money earn.
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alexey199773
Newbie
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Activity: 37
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April 25, 2017, 07:53:46 AM |
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Both bitcoin and gold is a good investment, but gold is more stable and more suitable for a long term, while bitcoin is more suitable for short term, and real reason to hold bitcoin is to beat inflation, as we know if we invest our money in fiat then every year our investment value is going down but bitcoin wont be influence by inflation
There is absence of inflation when it comes to investing money in bitcoins and even the price of bitcoin keeps on appreciating over a period of time and that makes it really attractive investment and you can also get benefits from it in short term which is totally missing in gold. Bitcoin is good for use both in the long run and in a short time. This is very profitable. At the moment, I have a desire to accumulate a lot of bitcoins in order to save them in the future. Gold does not interest me very much, it will not yield high profits
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Sithara007
Legendary
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Activity: 3332
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April 25, 2017, 08:27:02 AM |
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There is one similarity for both gold and bitcoin. Both these assets are protected against inflation. There is a limited amount of gold available on the earth, and most of the mines have already been exhausted. Similarly, the supply of Bitcoin is dictated by the principle of controlled supply.
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fanita
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April 25, 2017, 09:31:16 AM |
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Both of which are very important and are a good investment, I hold bitcoin for waiting for higher prices. If gold awaits wait time when to wear it because gold will always be high price.
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stompix
Legendary
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April 25, 2017, 10:34:55 AM |
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You should hold gold because it's is accepted worldwide and exists from years . While Bitcoin if accepted in your country you should hold because it has the decentralised feature where no one controls it .
I've never seen a shop in my life that accepts gold. On the other side I've seen quite a few that accept bitcoin. So you got these two messed up.
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swogerino
Legendary
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Activity: 3290
Merit: 1247
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April 25, 2017, 10:39:35 AM |
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Bitcoin is considered as gold 2.0 and has more advantages over gold. It can be kept in someone's PC inside his home while gold will always be sought after from possible thieves,you see how many movies are about robbing banks and golds, they are not all made up, some come from true stories. I prefer to keep Bitcoin only as it feels safer for me because only I am in command here.
Gold has resisted centuries but this was because Bitcoin was not available through centuries, it just popped out in our latest century in which we are living.
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d-trixx
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April 25, 2017, 11:36:01 AM |
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You should hold gold because it's is accepted worldwide and exists from years . While Bitcoin if accepted in your country you should hold because it has the decentralised feature where no one controls it .
I've never seen a shop in my life that accepts gold. On the other side I've seen quite a few that accept bitcoin. So you got these two messed up. Gold is used only for investment. A bitcoin can also be used as money to pay for goods. I think this is the main difference of these assets. I use gold as a reliable way to store my money. A bitcoin for rapid multiplication of money
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lighpulsar07
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April 25, 2017, 02:33:19 PM |
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Bitcoin and gold are almost same they are both minable, limited in supply they only differs in properties gold is physical bitcoin is digital. The reason is to hold bitcoin and gold is they are both investments gold is good for long term investment and bitcoin can be both good for long and short term investment but if you compare them in long term, bitcoin would triple your profit but sometimes it would be risky due to volatility of the coin unlike in gold they won't profit much but they are more stable.
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Noctis Connor
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April 25, 2017, 02:36:08 PM |
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this is a really good topic. as far as i know theres a limited supply of gold thats why people are holding it because the price of gold is increasing and growing everyyear while bitcoin is unpredictable because its not stable because it is decentralized currency thats the reason why bitcoin is dumping and pumping any time so holding a bitcoin you need some good instinct to determine if bitcoin will dump or pump
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BobK71 (OP)
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April 26, 2017, 12:51:41 PM |
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I've never seen a shop in my life that accepts gold. On the other side I've seen quite a few that accept bitcoin.
So you got these two messed up.
There was a time when gold coins circulated alongside paper money everywhere in the economy. The dollar or pound face value of gold coins was the same as the value of their gold contents as specified by each gold standard. It was a sign of national strength when gold coins were circulating freely, as, for example, in the US and UK. However, any time and anywhere a financial crisis became imminent, gold coins would disappear from circulation, and be replaced by paper money. This was because the public no longer trusted that the paper would be equal to the gold, with 100% confidence.
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rickadone
Legendary
Offline
Activity: 1176
Merit: 1024
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April 26, 2017, 05:10:36 PM |
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i think the best investment for now , bitcoin .. i see bitcoin from 2014 and now 2017 , the price is very shocked . . and many more country accept this bitcoin ,, more reason i have why must hold bitcoin Although fluctuating , but i believe bitcoin can success better than gold .. Gold is very hard to beat, even if bitcoin reaches high prices, and that is due to the fact that bitcoin has an unstable market value and risky to put a lot of money into, unlike gold which has been for many years the go to for people who want to save a large amount of money while letting it grow, because it is stable, but I think it depends on the person whether they are willing to wait for a long-time ore for a short time.
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