I BUY GOLD OR BITCOIN?

[Yzhel]

What's so good about gold?

Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.

rate calculation that you say is true, Bitcoin is better than Gold. But bitcoin also can not be said to be the best investment from gold but bitcoin is a risky investment that is profitable. if we flashback on last year bitcoin reached 20k USD but now bitcoin is only 10K USD. imagine how many losses that bitcoin invested in the past year

This is true, but you need to be smart enough to realise what comes up must come down, BTC had a 200% increase in 3 weeks last year, you just have to realise that people who bought before this price will start to sell once it hits stable or shows any signs of volatility, if you buy it at the bottom of these events you've made a wise call, if you buy based on FOMO then this isn't the place for you.

Well, why not do both if we can do invest with both of them at the same time right. So for me, I'd rather do both if I onoy have the money to do so but if I don't have then I'll still prefer investing in bitcoin. Gold is good since it is governed by law but not that too much profitable.

[Crash21]

Depends on what you want to get from this investment. Gold is much more safe for newbies because price isn't changing that freqently like bitcoin's.

[scrototeabaggins]

Gold is an instrument in which people can hide their fortune for their retirement and protect against time out. The point reached by humanity in the digital conjuncture is virtual currencies. BitCoin and similar technologies show that digital money can take the place of physical money in the coming years.

[markj113]

What's so good about gold?

Gold price 10 years ago, $950, Gold price today $1300, about a 37% increase, inflation over 10 years = 16.72%, result = about 20% gain in 10 years, average of 2% per year in terms of a store of wealth, a 5% savings account while compounding profits each year will get you, after inflation roughly 46% profit, over 2x more than gold
BTC in 1 month can get better returns than gold over 10 years.

You seem to forget Bitcoin can also turn your $20k savings into $10k in a few days too.

Banks can fail and steal your money.  
Cyprus banks for example took up to 60% of peoples savings.  
New laws have been introduced in many countries where you are classed as an investor in the bank when you deposit cash and its no longer your money.
People think that because there is a quoted guaranteed  protected deposit figure e.g in the UK up to £85k they are safe.  This is bollocks as if a major bank or a few smaller ones folded there just is not enough money in the protection scheme to cover the loses and refund people.

The strongest benefit of gold is there is zero 3rd party risk.  You hold it, you own it.  No computers, networks, internet, electricity, financial institutions required.

Gold is not really meant to moon, its is traditionally a stable way to maintain your wealth through multiple generations if required.  The added benefits for gold currently are international uncertainty e.g. North Korea could kick off at any time, the amount of money printing going on, the global debt problem, all these triggers could push the price of gold significantly higher.

Russia is buying gold as fast as possible, now exceeding China's gold reserves :

[Kocret02]

I will combine 70% to buy bitcoin and 30% to buy gold. because it certainly will be profitable where the income from bitcoin can be stored long-term and safe using gold and avoid the risk of loss so I think it's natural and should be addressed properly.

[santieevanz]

Hi guys, I've been in the world of bitcoin and cryptocurrencies for some time, some relatives and friends ask me to buy gold or bitcoin to save, and I answer:

1. If you want to be safe without worrying about buying gold, because its price is very stable, at 1200 dollars an ounce.

2. If you want to invest in bitcoin I invite you to investigate what technology is about, I tell you that it is a new technology that will revolutionize the world, it is decentralized, distributed, without control of any kind of government, its quantity is limited. that allows it to be deflamatory, with the passage of time it takes more value, but it is your RESPONSIBILITY if you make the investment in bitcoin, I only tell you the advantages but it is up to you to investigate the subject.

WHAT WOULD YOU RESPOND?

Indeed, buying gold is safer than buying bitcoin because we all know that gold will never devalue. However, investing on bitcoin is also worrying because it's value decrease whenever they experienced a problem with it. I know that bitcoin cannot be compared to the value of gold because of its shocking value every time it pump. Dealing with crypto currency is a game and you should be ready for the consequences, it's either you won or lose.

[lucas_lewit]

I prefer to buy bitcoin because the price is higher and fluctuate. It is suitable for long-term investment.

bitcoin also very suitable for at traded for the price is not stagnant. That's what makes a lot of people like bitcoin, besides fluctuating bitcoin to be the target of many people because of its very unique system.

[pombur]

Bitcoin is rightfully ranked first and now it is considered to be the promising form of investment and investment, which will be in the future to keep the business. The development of new technologies gives rise to new and promising tools. And modern investors are increasingly paying attention to them. The financial world is gradually weakening and giving a chance to new technologies. Now the younger generation does not trust gold as in the past decades. Moreover, for young people now gold is already something outdated about losing its value. And future generations may not take precious metals seriously at all. Therefore, even in this category bitcoin still wins.

[Rupok]

I think buying Bitcoin is better than buying gold. Bitcoin prices are rising constantly, just as the price of gold is not increasing.I am not saying gold is not good.I mean if you compare gold with bitcoin then buy bitcoin.Benefit little in the short time,but gold can not benefit you in a short time.

[Derek86]

I like bitcoin, but i cant tell this is what majority of public wants. this is bitcoin forum so ppl might go with bitcoin rather than gold but for public? gold is still dominating

[darkywis]

Hey guys, I wanna ask what are your plans on your Bitcoin in the future? Do you plan to keep on investing on Bitcoin related businesses or do plan to convert it into fiat and ventures on new business?

I'm planning to invest more on Bitcoin related companies and convert some of my Bitcoin into fiat and invest it on our local stock market. How about you?

Convert my bitcoin to fiat and invest on a business that I want to run when I have enough fund to use.

[justinelee]

id rather go with bitcoin..its price increasing constantly..in the very short period of time you can earn just like that by investing in bitcoin..you can invest in gold too but youll wait for a long time to sell it for a higher price..

[faranisa]

If you want a long-term investment with secure then you can buy gold only because the assets of gold always goes up. But if the results are a large but high risk then the choice is bitcoin.

[chichigirl]

I would rather choose to buy some bitcoin and make some investment than buying those gold and wait for a long years to gain more profit.

Buying bitcoin is a good investment  specially for a long term investment after a year bitcoin price can be double or more.

[MNtrio]

id rather go with bitcoin..its price increasing constantly..in the very short period of time you can earn just like that by investing in bitcoin..you can invest in gold too but youll wait for a long time to sell it for a higher price..

Yeah i choose bitcoin also it's easy to earn bitcoin than a gold for the day like now. If we buy gold right now people will create issue for you if we buy bitcoin people will amaze for you. It's not easy to buy gold right now their are many people judge as and create fake information for you. In bitcoin if we buy it a people around you will only know it, so there's no issue or asking how did you get 1 bitcoin because it's possible in crypto currency in this day.

[avoxosuccesful]

Hi guys, I've been in the world of bitcoin and cryptocurrencies for some time, some relatives and friends ask me to buy gold or bitcoin to save, and I answer:

1. If you want to be safe without worrying about buying gold, because its price is very stable, at 1200 dollars an ounce.

2. If you want to invest in bitcoin I invite you to investigate what technology is about, I tell you that it is a new technology that will revolutionize the world, it is decentralized, distributed, without control of any kind of government, its quantity is limited. that allows it to be deflamatory, with the passage of time it takes more value, but it is your RESPONSIBILITY if you make the investment in bitcoin, I only tell you the advantages but it is up to you to investigate the subject.

WHAT WOULD YOU RESPOND?

with all this?i wonder what to contribute.Cause you'v just told me how unnecessary it'll be if i was to go investing on Gold. #thatshicray

[CONOFLEX]

I personal think gold is more stable  than bitcoins  and most off the countries used gold to invest,but for your average person will rather buy bitcoins.

[rillater]

I believe they are totally different products.  Gold is an asset that has been on the earth for thousands of years, and is associated with it as a refuge value in the face of financial uncertainties. The Bitcoin is a digital cryptocurrency with only 7 years of life, and has no support or regulation. I think gold gold is safer than Bitcoin, but if we take the last year, the spot gold ounce operates practically at the same level, while Bitcoin has quadrupled its value. Undoubtedly, Bitcoin is the most profitable asset of recent times. Gold is more stable, and Bitcoin more profitable, you choose

[Sithara007]

I would have advised you to purchase both gold and Bitcoin, but when I look at the historic charts I can notice that the value of gold has remained almost stable for the past 4-5 years. It has virtually given zero returns to its investors during this time period.

[TelolettOm]

I prefer to buy bitcoin because the price is higher and fluctuate. It is suitable for long-term investment.

bitcoin also very suitable for at traded for the price is not stagnant. That's what makes a lot of people like bitcoin, besides fluctuating bitcoin to be the target of many people because of its very unique system.

But the weakness is no real stuff. indeed want to buy bitcoin or gold clear we must know the function of both and the reason why we buy the product