Invest in Bitcoin, Gold or Silver?

[krishatnet]

You can deposit and withdraw money easily with bitcoins but in case of gold and silver it takes some time.

[sidhujag]

u can buy silver directly with devcoins now at igotspots.com

[polarhei]

You may have massive amount of fiat, May consider Silver first as Silver has special property for photographic or electronic which should be able to make more money with. Even you don't use silver. You can use for preservation as silver is bounded, widely accepted.

Gold is the second option for as Gold is trustful in almost aspects. Before you do, Search the production cost for 1oz 24K gold first as some people lose money from there because of not searching the minimum processing cost for 1oz 24K.

The last option is bitcoin. You may consider to put some money in, For example. Put roughly few thousand grand into array, using cex.io for the base or using cloudhashing when applicable. Cloudhashing limits 5000Gh/s (5T/s) per person while cex.io seems to have no limitations, however the direct market price may be not reasonable.

Bitcoin may be the last option for you. Many people in here suggest you to put some. However in your aspect, For the lottery step. It is not easy. You will have to find the correct supplier such as kncminer,friedcat to help you on it as bitcoin contains scum and villainy which must be cautious. I personally almost trapped by BFL but safe by using PAYPAL policy to force them.


Before any serious steps, If you have massive fiats, Then do what you know first. Then add more such as bitcoin, nasdaq stock, FTSE series to control risk.

[allthingsluxury]

Oh no, LTC dropped another 10% after I bought some. What is happening to LTC!!!

LTC always has been and will continue to be volatile.

[LiteCoinGuy]

Oh no, LTC dropped another 10% after I bought some. What is happening to LTC!!!

LTC always has been and will continue to be volatile.

if you believe in crypto, you must have both...and 10%? HA, thats nothing in crypoworld  

after silk road was closed BTC dropped 20% or more. if you dont like roller coasters, stay out.

[rpietila]

My holdings were roughly in the following proportions when I last checked:

BTC: 63%
Silver: 25%
Gold: 7%
EUR: 3%
Stocks: 1%
Misc: 1%.

I am a professional in everything except stocks, so that's why I have a quite bold portfolio allocation.

[sunsofdust]

Just thinking out of the box... why not invest in the market gap between MtGox and BTCe?  There is constantly a decent percentage spread between the two exchange rates and even the other exchanges.

I was checking http://www.currentbitcoinvalue.org/ today and MtGox was at $205.23 while BTCe was at $183.91.  That is a 10% difference, which is more than enough to cover the trade fees.

I am sure someone can figure out a way to overcome the time delays of moving USD and Bitcoin between exchanges to make a profit.

[NewLiberty]

Just thinking out of the box... why not invest in the market gap between MtGox and BTCe?  There is constantly a decent percentage spread between the two exchange rates and even the other exchanges.

I was checking http://www.currentbitcoinvalue.org/ today and MtGox was at $205.23 while BTCe was at $183.91.  That is a 10% difference, which is more than enough to cover the trade fees.

I am sure someone can figure out a way to overcome the time delays of moving USD and Bitcoin between exchanges to make a profit.

Some have.  It is not easy to start this now.

[mrhelpful]

You should do gold, and bitcoin. Whichever gives your more chance of profit.

Just my imo.

[Slab Squathrust]

If you are looking into precious metals, there is more than gold and silver.  While they tend to be more volatile, platinum and palladium are commonly traded as bullion (not as much as gold or silver) and have uses in automotive and electronic industries. 

[desired_username]

I would buy all including platinum and palladium.

[superresistant]

I don't think it matter what you choose between Gold/Silver/Bitcoin.

Just buy one of them when it's low, sell when it's high.

[waltermot321]

I don't think it matter what you choose between Gold/Silver/Bitcoin.

Just buy one of them when it's low, sell when it's high.

People are buying them for long term gain, 10-20 years....

[Lethn]

all 3.

I knew someone would get it before me, there's nothing wrong with using all three, I believe that Bitcoin is going to be used for overseas transactions and Gold/Silver for local or wealth preservation, just don't have everything in paper and you'll be fine I'm sure, I think it's also a good idea to take a look at altcoins as well just in case the Bitcoin devs get arrested or something but you have to do your research carefully there.

[iCEBREAKER]

1/3 PM (gold, silver, and platinum bullion, plus mining stocks)

1/3 DC (Bitcoin, Litecoin, Primecoin, PPcoin, and AsicMiner/CipherMine stock)

1/3 cash positioned in stink bids, ready to buy dips

[Klubknuckle]

1/3 PM (gold, silver, and platinum bullion, plus mining stocks)

1/3 DC (Bitcoin, Litecoin, Primecoin, PPcoin, and AsicMiner/CipherMine stock)

1/3 cash positioned in stink bids, ready to buy dips

I guess I will do this, but atm I am 100% on cryto-coins...

[superresistant]

1/3 cash positioned in stink bids, ready to buy dips

Sorry for the stupid question but what does it mean ? stink bids, ready to buy dips ?

[Lancelot19]

All of the above! The one thing we know for certain, the days of the inflationary currency are over! (USD ect)

[Thenen]

100% on Bitcoin, high risk high return.... Hurray....

[Jabbatheslutt]

Bitcoin!!! Seriously though best ROI by far