I BUY GOLD OR BITCOIN?

[mel0924]

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?

That is true that Gold has a very stable price but if you want to have huge profit then you will buy bitcoin because bitcoins price and value is very amazing always increasing slow decreasing yes its price is unpredictable but it goes higher as always that make us rich.

[ongels]

I preferred to bitcoin because even though it is quiet expensive but the movement is consistently breaking records. And i'm so impressed with its performance at present which reaches almost 17K bracket, This is totally amazing:)

[BTC AND ETH]

Bitcoin is a blockchain-based cryptocurrency that shares some properties with its gold counterpart. In fact, many have called Bitcoin “digital gold” in the past due to its weak relationship with all other assets–stocks especially. Market participants may remember last year when the price of one Bitcoin surpassed that of a single troy ounce of gold for the first time. Currently, Bitcoin’s price is near $18,000 , but how is it so valuable? More importantly, should those running from stocks consider investing in the cryptocurrency?

Like gold, there is a limited amount of Bitcoin. It must be mined , though not with drilling machinery. Instead, the digital currency is mined with the total computer power of its vast network of users, who process transactions on the blockchain for a small amount of Bitcoin. At an estimated cap of 21 million Bitcoins, demand has a magnified effect on the cryptocurrency’s price.

Comparing the Two
For hundreds of years, gold has dominated the safe-haven asset arena, and it is yet unknown if Bitcoin presents a real threat. There are some small, but potentially significant differences between Bitcoin and Gold in 2017:

Transparency, Safety, Legality
Gold’s established system for trading, weighing and tracking is pristine. It’s very hard to steal it, pass off fake gold, or otherwise corrupt the metal. Bitcoin is also difficult to corrupt, thanks to its encrypted system and complicated algorithms, but the infrastructure to ensure its safety is not yet in place. The Mt. Gox disaster is a good example of why Bitcoin traders must be wary. In this disruptive event, a popular exchange went offline, and all but stole its users’ Bitcoins, totaling around $460 million. Legally, there are few consequences for such behavior, as Bitcoin remains  difficult to track with any level of efficiency.

Rarity
Gold can continue to be mined, but eventually there will be no more Bitcoin. The algorithm that manages the blockchain rewards miners for verifying and processing transactions, but in as little as 10 years, the supply will run out. This higher level of scarcity means that Bitcoin could have a higher price ceiling than gold and is the most important catalyst for the current speculative bubble.

Baseline Value
While gold is physically useful for jewelry and industry, Bitcoin’s applications are not yet clear. So far, it is a digital instrument of speculation and value transferability, but it is difficult to buy things with and has limited utility as currency. Being an exclusively faith-based currency is price-positive when there is popular support, but the opposite might also be true. There’s not much stopping Bitcoin from hitting $0 other than belief. As the world saw during the Dutch Tulip Mania, this could have adverse consequences.


Volatility
Largely due to the properties above, Bitcoin is more volatile compared to gold. As price increases, people’s opinions on the revolutionary currency become stronger than ever. This newfound confidence will accordingly cause wild price swings. “There have been very volatile days on the market since Bitcoin crossed the $2000 rate”, says Yoni Berger, analyst at CryptoPotato, a news site dedicated to exploring current issues regarding Bitcoin and other alternative cryptocurrencies.

Liquidity
It’s much easier to get cash for gold than cash for Bitcoin. In the limited number of exchanges that allow fiat withdrawal, all impose daily limits, meaning that Bitcoin is not as liquid as it could be. People world-wide gold and are willing to pay for it while Bitcoin’s market is limited.


How to Balance Your Portfolio?
In the face of a declining stock market, which is better for one’s portfolio: Bitcoin or gold? Gold is still a winner though that could change soon. Gold is always a smart addition to any portfolio due to its historical reliability and real value, but Bitcoin is starting to become a worthwhile option. Modern investors would be smart to keep a small amount of both in their account, but should also be wary of over-investing in a currency with an opaque future. If Bitcoin can prove its value, however, gold may have a real competitor for the safe-haven asset of choice.

[Tantalala]

A gold investment is more stable and there are no such big risks. With bitcoin there is the possibility to exponentially increase the investment as well as fast decrease, and all this in a few hours. In my opinion, with bitcoin there are much bigger chances to increase the investment.

[Cils05]

Part of what we know, gold is the most dominant possession we have, but if I am personally proposed to choose gold or bitcoin, I will choose bitcoin, because for me bitcoin is the most expensive gold, if we have bitcoin is not possible will have gold, gold no 2 for me for now, and bitcoin no 1, gold can we have through bitcoin, with note we should be able to play our own bitcoin mine

[masterbt]

i have read a article on internet that gold prices will be down soon. But, it is a standard investment because of the presence it has in your hands. BTC is always a quick investment and profit.

[Always_007]

Buy gold or bitcoin???
You can buy/invest bitcoin for high profit in future but have high risk
You can buy gold for cheap profit but safe
I recommended for high profit is bitcoin

[Rosilito]

Either of the two is good. Gold and Bitcoin is both worth buying but buying, or investing to bitcoin is somehow risky. Lets talk about why the two them are worth buying or investing, it is very simple, simply because they have the value that can be converted as money, so they function as money bitcoin and gold can do buy such thing even if it is expensive. So, about being risky, bitcoin is risky, why? Because what have you said is true it is decentralized there ain't no such thing who runs bitcoin, random people are working for this, thus there is a possibility that bitcoin might not be usable if the government go against it. But again they are both worth buying because they both have the value of money.

[lani123lani]

Like me gold or bitcoin is just as good, but I prefer bitcoin, because bitcoin prices are now rising steadily, making more money and being able to buy gold from money generated from bitcoin.

[okissabam]

Actually I like both so if ever you want invest in something that you could probably profit from in a couple of years then invest in both gold and bitcoin. They are both worth buying especially now and I actually just recently bought myself some gold necklaces to put in my vault for safe keeping and of course for special occasions but mainly for investment.

[Rupok]

I think Bitcoin is a lot better than gold.There are investment methods in bitcoin,this is not the method of gold.But two things are good.if you want to easily get some good profit, then buy Bitcoin. Because the price of bitcoin is increasing day by day but day by day Gold prices are not rising.

[ngerok]

I think it's better to buy Bitcoin than Gold because Bitcoin has high price while gold is stable and very rarely crawls up. but it all depends on your belief.

[deepika the crypto girl]

Gold is very safe investment and in return would be very less where Bitcoin is risky investment with very good returns that you have never seen in life

[kramat]

Gold is very safe investment and in return would be very less where Bitcoin is risky investment with very good returns that you have never seen in life

that's right, because bitcoin is able to provide multiple benefits so that the investment is very good and has a vulnerable risk as well. and gold has the safest investment

[taufik0911]

Buy gold or bitcoin???
You can buy/invest bitcoin for high profit in future but have high risk
You can buy gold for cheap profit but safe
I recommended for high profit is bitcoin

there is no safe investment, everything have risk but you can reduce the risk by seeing the potential
if i have 1 million USD, i will allocated my money 70% bitcoin and 30% for gold
bitcoin has a big potential in the future but we need to backup too

[jazmuzika217]

Buy gold or bitcoin???
You can buy/invest bitcoin for high profit in future but have high risk
You can buy gold for cheap profit but safe
I recommended for high profit is bitcoin

there is no safe investment, everything have risk but you can reduce the risk by seeing the potential
if i have 1 million USD, i will allocated my money 70% bitcoin and 30% for gold
bitcoin has a big potential in the future but we need to backup too

I agree to you investing is risky dont put all your money in one basket divide it into two to less the risky. We dont know how long will bitcoin run, Gold is a physical that have a less return compare to bitcoin but Gold is safest than bitcoin.

[Pesona1]

Gold is very safe investment and in return would be very less where Bitcoin is risky investment with very good returns that you have never seen in life

that's right, because bitcoin is able to provide multiple benefits so that the investment is very good and has a vulnerable risk as well. and gold has the safest investment

but bitcoin can be a major investment. and if you already have a profit you can buy gold for long-term investment to be more secure and avoid loss.

[birra guzez]

Even tho buying bitcoin might be riskier than buying gold since bitcoin's fluctuations are a real roller coaster and gold is much more stable and doesn't surpass 2-3% fluctuation per year . But bitcoin's investment is by far more exciting and you can make lots of uses or investment since it is much more easier to transport it or use it than gold . And bitcoin can grow much more in value and is easier to sell or buy .

[humanvelocity]

If I were you I would buy Bitcoin instead of Gold because right now Bitcoin is more reliable than gold and profits are way more. Crypto currency is the next big thing invest as much as can into it because as time passes you are just losing your chance to be a millionaire  .

[shairblogger]

Simple answer if i have 5000 USD, then allocated my money 50% bitcoin and 50% for gold.... when price increase in bitcoin then i'm sell my coins and buy Godl...