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Author Topic: Bitcoin or gold?  (Read 984410 times)
Tukang Becak
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March 24, 2018, 06:41:48 PM
 #11321

I do not like to put money in one place, though bitcoin is very promising but I will not put all my money into bitcoin, I will still invest goldd though with a small percentage, because gold will never die.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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CuteBaby123
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March 24, 2018, 06:45:19 PM
 #11322

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I would still choose gold. Gold's value will not decrease. As time goes by, it just keep on going higher. Likewise gold is something that you can hold and you can keep. Gold has stable price and all countries recognized gold.

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March 24, 2018, 06:47:53 PM
 #11323

There are several factors that make gold a strong safe-haven asset. It’s valuable as a material for consumer goods such as jewelry and electronics, and it is scarce. Regardless of demand, supply remains disproportionately low. Gold cannot be manufactured like a company issues new shares, or a federal bank prints money. It must be dug up from the ground and processed.
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March 24, 2018, 08:23:57 PM
 #11324

Bitcoin and gold is the answer as i see. Bitcoin can do 10X gold will never loose to /10.
Invest in both, maybe find a gold mine and invest in that!

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March 24, 2018, 08:25:07 PM
 #11325

Gold has lost its attractiveness. For the past 5 years or so, the prices have remained largely flat without any upward movement. And the worrying factor is that gold is fast losing demand in nations such as India and China.
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March 24, 2018, 08:52:23 PM
 #11326

Both of the price fluctuations are based on some reasons. Unlike you, I go for bitcoin for sure whereas with gold I will do a little bit as gold is so slower appreciations compared to bitcoin's growth. I always go with bitcoin for current trend.
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March 24, 2018, 08:56:43 PM
 #11327

I used to think that gold is better and profitable on long range than bitcoin but you never know what will happen with crypto tommorow so it's just a coin flip game.

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March 24, 2018, 09:02:36 PM
 #11328

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I would still choose gold. Gold's value will not decrease. As time goes by, it just keep on going higher. Likewise gold is something that you can hold and you can keep. Gold has stable price and all countries recognized gold.
yes, the value of gold will remain stable for the next 10 years. but the benefits you can if you invest in bitcoin can be 5 times that of gold, even though the risk you take will be a bit big. and this will change your finances for the better if you invest in bitcoin.
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March 25, 2018, 05:15:52 AM
 #11329

If your asking me maybe both because both bitcoin and gold have so high value in market so if I will be exchanging them I can become rich. Honestly speaking money is important especially on our daily living.
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March 25, 2018, 06:09:08 AM
 #11330

Both are good, gold and bitcoin are two good investment types, gold is very safe if we keep for a long time because the price is stable, while bitcoin is the most profitable type of investment in the short term so we have to choose both.
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March 25, 2018, 04:24:52 PM
 #11331

I used to think that gold is better and profitable on long range than bitcoin but you never know what will happen with crypto tommorow so it's just a coin flip game.
In my opinion, although Gold is good, but for the future of the world, we need to change our opinion about cryptocurrency.
Cryptocurrency and its technology - blockchain are neccessary for the future of the world.
Nowadays, we have to pay many fees to keep safe security for our system running on internet, but with blockchain, our user will become a "protective wall" to help us solve that problem without any fees.
With this advantage, we can reduce the fees to sell our product and make the user interested in our product more.
Victorycoin
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March 25, 2018, 05:39:10 PM
 #11332

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in0 10 years.
This thread was started in 2014, that's some 4 years ago. Back then, the annual gold closing price was $1,199.25 and presently,  we are looking at $1,350.30 while back then Bitcoin was struggling to hold out in 3 digits  as against its 5 digits form in recent tines. In  retrospect, gold can be said to be dormant in the course of these 4 years while Bitcoin have made sensational impacts. In  the light of that, anyone looking  to huge turnover should know to go with Bitcoin, while anyone interested in safe haven investments should stick with gold.
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March 25, 2018, 05:42:16 PM
 #11333

Gold has the advantage (or disadvantage) of being physical and it is a very beautiful science (the coins minted a certain year, their condition etc...). There are many things to learn about it, where Bitcoin appears totally dematerialized and where 1 btc = 1 btc. These are 2 different values, with their respective advantages, so why choose?
valentinen39
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March 25, 2018, 05:45:45 PM
 #11334

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I prefer bitcoins or any cryptocurrency more than gold because the growth of bitcoins in the market is much faster than gold, another thing is that you can sell your coins immediately if you need money while gold is really hard to find an exchanger where you will convert it to cash.
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March 25, 2018, 05:49:59 PM
 #11335

I prefer bitcoin. In bitcoin its easy where to sell it. And also its easy to see where you want to sell. And in bitcoin its easy to convert it in fiat currency. Unlike in Gold. If you exchange it you'll get much less value than bitcoin. I
And also the transaction of it is very hard. In selling gold there are many testing there are memany chemicals also. Ao this is more hussle.
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March 25, 2018, 09:13:44 PM
 #11336

I prefer bitcoin. In bitcoin its easy where to sell it. And also its easy to see where you want to sell. And in bitcoin its easy to convert it in fiat currency. Unlike in Gold. If you exchange it you'll get much less value than bitcoin. I
And also the transaction of it is very hard. In selling gold there are many testing there are memany chemicals also. Ao this is more hussle.
I also like to invest in bitcoin more because it is highly profitable due to the large fluctuations of the cryptocurrency market, while gold is very stable so the profit for gold investment is not much. I recognize that bitcoin is the future of the world currency so investing in bitcoin is also investing in the future.

Victorycoin
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March 25, 2018, 09:23:43 PM
 #11337

I used to think that gold is better and profitable on long range than bitcoin but you never know what will happen with crypto tommorow so it's just a coin flip game.
You said nothing about the inherent need for the acquisition of vaults and the added cost security of the gold would attract as well as the constant threat of theft! All said, should you run into an international business that calls for immediate remittance of funds, would it be stress-free and timely to have your gold into cash and at what cost? I think the best way to see things is that gold have had its days, but life have moved on and now is the time for Bitcoin.
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March 25, 2018, 09:25:29 PM
 #11338

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I prefer investing on bitcoins because there are a lot of people today who are investing a huge amount of cryptocurrency and that makes the volume in the market increase even more so bitcoin will surpass the value of gold and it will really happen certainly so do not doubt about choosing between bitcoin and gold because btc will be always better.

costanos02
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March 25, 2018, 09:32:54 PM
 #11339

In my point of view, I going to choose bitcoin, why? Because I see bitcoin is very common today, and the exciting part of it is that, the value or worth of bitcoin changes everyday, and that means you have a bigger chance of earnings, while gold, in my opinion has a constant value.
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March 25, 2018, 10:07:45 PM
 #11340

I used to think that gold is better and profitable on long range than bitcoin but you never know what will happen with crypto tommorow so it's just a coin flip game.
Agree. You can have a big profit but also with a high risk by putting all of your money in bitcoin. You can lower risk by splitting your capital into 2 parts. 1 for bitcoin and 1 for gold. if you do not want to take any risk, use gold. Gold is the best investment right now. You can never lose your money on gold

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