1BTC or 1oz of Gold. Which one would you take?

[bountygiver]

bitcoin, doesnt matter if gold is more money now, i can only trade bitcoin, dont know how to trade gold

There are LOTS of places that you can sell gold on the street.....

[1715551854]

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[chromosoma]

Gold.
Gold has its value since  the every beginning.You can trade gold everywhere.  Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount  at once. You need to exit slowly in order to keep the price high.
Bitcoin  is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some  random number are suddenly worth of 1000 Dollars.
Lol,  "00000000000ererw0ewedsdfsdcshit" is worth  money? What a joke.

Game over BTC:)

[Bit_Happy]

Gold.
Gold has its value since  the every beginning.You can trade gold everywhere.  Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount  at once. You need to exit slowly in order to keep the price high.
Bitcoin  is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some  random number are suddenly worth of 1000 Dollars.
Lol,  "00000000000ererw0ewedsdfsdcshit" is worth  money? What a joke.

Game over BTC:)

You logged in to tell us this?
How nice....Why?

[chromosoma]

Because a forum is the place where everyone can share own opinion.

[killinitsoftly]

I'd take the gold if I could sell it immediately and buy BTC.
Otherwise I want BTC.

[bolverk]

Gold.
Gold has its value since  the every beginning.You can trade gold everywhere.  Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount  at once. You need to exit slowly in order to keep the price high.
Bitcoin  is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some  random number are suddenly worth of 1000 Dollars.
Lol,  "00000000000ererw0ewedsdfsdcshit" is worth  money? What a joke.

Game over BTC:)

Like you, I believe in gold as the ultimate store of value.  Unlike you, I actually understand what bitcoin is and what makes it valuable.  Bitcoin, ultimately, is fiat, and no fiat has an inherent value. That said, bitcoin is potentially more valuable to any other existing fiat due to how it's managed.  Quite frankly, barring a united world-wide government ban making it illegal, it will probably retain value better than the US dollar.

Read up on the technology and what problems it's trying to solve before trolling some ignorant random number BS.

[CryptoPanda]

1oz of coke

[GreedyBoy]

There is no choice. Everyone will take the gold

[SlipperySlope]

I sold some unused gold jewelry yesterday and bought bitcoin at my local Robocoin ATM.

I expect the next bitcoin price bubble to occur in the next few months - at which point the issue of 1 BTC vs 1 oz Gold will be history.

Uh, isn't the whole point of bubbles that they're artificially inflated and then harshly corrected?  You can have the bubble, I'd stick with gold, which is much less likely to be inflated.  Particularly since the powers that be work so hard to make sure the price is permanently depressed, just to keep the illusion of value in the fiat.

Here is my first projection of what I think will be the next bubble this summer. Peaking at $6000 July-August, and collapsing to $3000 through the fall. The crucial assumption in my simple model is that the next bubble will be similar to the previous two. Summer 2014 Bitcoin Bubble - First Projection.

I do not see an ounce of gold being worth $3000 anytime this year. Therefore no chance to gold to catch up according to their respective historical price trends.

[franky1]

bitcoins are more rare then gold

estimates are that there are only 171k tonnes of gold (5,557,500,000 ounces) about enough for every adult (ignoring 2bill kids and geriatrics) in the world to own 1 ounce

bitcoin if distributed evenly to the 5billion adults in the world. means that each adult would get only 0.0042btc

so imagine if 5billion families desired to store their $20k lifetime savings in something rare, either gold or bitcoin

1 ounce would be then be worth $20k, where as bitcoin ($20k for 0.0042) works out as 1bitcoin = $4,760,000

(how many of the 5 billion adults (ignoring 2bill kids and geriatrics) would want a bitcoin or gold.. or how many would invest an average of $20k are all questions only the future can answer)

put simply i wouldn't want just one bitcoin today, instead id take an ounce of gold today, and within hours flip it for 3 bitcoin(todays market value). knowing in decades bitcoin will/could out perform gold on the rarity value scale. with a POTENTIAL for that 3bitcoin to net me near on POTENTIALLY $14m instead of just $20k gold

[Equate]

I would take gold than BTC

[BigBoy89]

in USD : 1 oz > 1 BTC, so i prefer 1 oz gold

why USA using difficult measurement like oz, pounds, mile, acres, gallons

Gold.
Gold has its value since  the every beginning.You can trade gold everywhere.  Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount  at once. You need to exit slowly in order to keep the price high.
Bitcoin  is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some  random number are suddenly worth of 1000 Dollars.
Lol,  "00000000000ererw0ewedsdfsdcshit" is worth  money? What a joke.

Game over BTC:)

nice opinion
if BTC trending prices down in month, it's time leave BTC

[dharmapuriharithaa]

Most posters prefer gold. You change the title because 1btc and 1 oz of golds current value is not equal. You should title to $1000 worth of gold or $1000 worth of Bitcoin

[franky1]

Most posters prefer gold. You change the title because 1btc and 1 oz of golds current value is not equal. You should title to $1000 worth of gold or $1000 worth of Bitcoin

most posts do not prefer to HOLD gold. most posts are smart to receive 1 oz of gold to instantly sell for more BTC then initially offered.

[dreamspark]

If the question is framed as you could not trade or del either for the next five years I would still pick BTC.

Its about potential so even if in 5 years BTC was worth nothing it would still be a good trade against a 1oz of gold. Furthermore were only talking about $1000ish. Who would take the safe $1000 over the potential of 10-50 x that?

[bryant.coleman]

This is absolute no-brainer.

I'll take 1 Oz of gold.

Then I'll sell 1/2 Oz, for $ 651, and buy BTC1.450.

[jonald_fyookball]

Gold.
Gold has its value since  the every beginning.You can trade gold everywhere.  Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount  at once. You need to exit slowly in order to keep the price high.
Bitcoin  is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some  random number are suddenly worth of 1000 Dollars.
Lol,  "00000000000ererw0ewedsdfsdcshit" is worth  money? What a joke.

Game over BTC:)

Like you, I believe in gold as the ultimate store of value.  Unlike you, I actually understand what bitcoin is and what makes it valuable.  Bitcoin, ultimately, is fiat, and no fiat has an inherent value. That said, bitcoin is potentially more valuable to any other existing fiat due to how it's managed.  Quite frankly, barring a united world-wide government ban making it illegal, it will probably retain value better than the US dollar.

Read up on the technology and what problems it's trying to solve before trolling some ignorant random number BS.

Thanks for bitch slapping the troll...

Fiat by definition means state sponsored or decreed by government.  Under that definition, bitcoin is not fiat.

I also disagree about "inherent value".

Bitcoin has inherent value by its design as a decentralized network and de facto value
based on the network itself as well as the bitcoin economy as a whole.

[Beliathon]

Fiat by definition means state sponsored or decreed by government.  Under that definition, bitcoin is not fiat.

Correct, and an important distinction when attempting to determine the true value of Bitcoin (the technology).

Bitcoin has inherent value by its design as a decentralized network and de facto value
based on the network itself as well as the bitcoin economy as a whole.

Correct again, and extremely important when attempting to determine the true value of Bitcoin (the investment).

When I say true value, I mean "what BTC will be worth in 3-5 years when the rest of the world catches up with the top 5% of the IQ bell curve folks who have already figured this shit out".

[bryant.coleman]

Here is my first projection of what I think will be the next bubble this summer. Peaking at $6000 July-August, and collapsing to $3000 through the fall.

Any logic behind the $6K figure? Also why can't it happen in October or November?

[SlipperySlope]

Here is my first projection of what I think will be the next bubble this summer. Peaking at $6000 July-August, and collapsing to $3000 through the fall.

Any logic behind the $6K figure? Also why can't it happen in October or November?

Here is my first projection of the next bubble . . .

https://bitcointalk.org/index.php?topic=366214.msg6027236#msg6027236



The crucial, falsifiable, assumption is that the next bubble will be similar in shape to the previous two bubbles. My initial hand-projection of the previous two bubbles aligns the pre-peak bottoms. I assume that we are currently at the bottom of the November 2013 bubble collapse.

If indeed the next bubble peaks in November, then I project the peak price to be $12000 or so.