jaberwock
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Activity: 2548
Merit: 1073
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October 08, 2015, 07:19:35 AM |
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Gold has different prices for sell and to buy. You usually pay a premium when you buy and less when you sell, specially if you want to physically have the gold. Bitcoin at least there is no such gap in the sell and buy price You cannot store gold in your apartment, thats just not feasable, your neighbors would be the first ones to rob you. Don't let other people know you have gold maybe(I think it is feasible unless you have several kg of gold) |
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Whoever mines the block which ends up containing your transaction will get its fee.
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kilo17
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Activity: 980
Merit: 1001
aka "whocares"
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October 08, 2015, 07:25:46 AM |
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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 probably choose gold because it is already stable in the past years and risking for bitcoins is so too much of a risk. I am not sure about the gold being stable comment -   |
Bitcoin Will Only Succeed If The Community That Supports It Gets Support - Support Home Miners & Mining
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RealBitcoin
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October 08, 2015, 08:27:03 AM |
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Gold has different prices for sell and to buy. You usually pay a premium when you buy and less when you sell, specially if you want to physically have the gold. Bitcoin at least there is no such gap in the sell and buy price
There is but only if you buy from a merchant, if you buy from exchange then it has tiny premium Don't let other people know you have gold maybe(I think it is feasible unless you have several kg of gold)
Haha thats not a valid argument. From a risk/reward standpoint: -the safety of not telling your neighbors that you have gold bars in your closet VS they finding out and stealing it is tiny I mean the risk of losing the gold is enormous, and the safety is tiny, especially in europe where you are not even allowed to own guns. If you buy a safe then its even higher because that raises suspicion.... If you live in a house you can hide it more easily, but in an apartment, no chance. Home invasion & robbery is inevitable if you have gold bars in your apartment. |
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jt byte
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October 09, 2015, 02:28:38 PM |
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Gold has different prices for sell and to buy. You usually pay a premium when you buy and less when you sell, specially if you want to physically have the gold. Bitcoin at least there is no such gap in the sell and buy price You cannot store gold in your apartment, thats just not feasable, your neighbors would be the first ones to rob you. Don't let other people know you have gold maybe(I think it is feasible unless you have several kg of gold) You can store your gold wherever you want. It's all about if you keep it secret and try to keep it as secret as possible. But the difference is that bitcoin can be also "physical" as a bitcoin hardware wallet so both of them require safe place. |
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markj113
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Activity: 2254
Merit: 1043
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October 09, 2015, 02:37:42 PM |
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a £25k gold bar is the size of smart phone.
Really not that hard to hide a few of them.
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Amph
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Merit: 1069
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October 09, 2015, 02:50:47 PM
Last edit: October 09, 2015, 03:08:45 PM by Amph |
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a £25k gold bar is the size of smart phone.
Really not that hard to hide a few of them.
what about the weight? a quick search say 1 kg, but maybe it's wrong anyway it's very heavy to carry around, not practical at all, something which can not compete with bitcoin by any mean |
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Ninjahitoko
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October 09, 2015, 02:54:55 PM |
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This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.
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jt byte
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October 09, 2015, 02:56:44 PM |
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a £25k gold bar is the size of smart phone.
Really not that hard to hide a few of them.
what about the weight? a quick search say 1 kq, but maybe it's wrong anyway it's very heavy to carry around, not practical at all, something which can not compete with bitcoin by any mean You are not shipping that to think about the weight. It is small and you can hide everywhere but is it more risky than online bitcoin. In the bitcoin world you should hide the private key (mostly in a paper) so the same situation  |
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neochiny
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October 09, 2015, 03:06:26 PM |
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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`d convert all my wealth into gold , golds value may drop in ten years but the worth of it will not vanish. bitcoin it may rise in ten years or it may drop to the point of being worthless, and from what i can see right now bitcoin is unstable. |
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Amph
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Activity: 3206
Merit: 1069
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October 09, 2015, 03:11:09 PM
Last edit: October 10, 2015, 02:19:28 PM by Amph |
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a £25k gold bar is the size of smart phone.
Really not that hard to hide a few of them.
what about the weight? a quick search say 1 kq, but maybe it's wrong anyway it's very heavy to carry around, not practical at all, something which can not compete with bitcoin by any mean You are not shipping that to think about the weight. It is small and you can hide everywhere but is it more risky than online bitcoin. In the bitcoin world you should hide the private key (mostly in a paper) so the same situation well no with bitcoin you can hide tons of wallet back up, in a small pen drive, which can be used with a small tablet for example with gold you need to carry something that may weight up to 3kg or more, not something with which i would be comfortable about |
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jt byte
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October 09, 2015, 03:23:51 PM |
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a £25k gold bar is the size of smart phone.
Really not that hard to hide a few of them.
what about the weight? a quick search say 1 kq, but maybe it's wrong anyway it's very heavy to carry around, not practical at all, something which can not compete with bitcoin by any mean You are not shipping that to think about the weight. It is small and you can hide everywhere but is it more risky than online bitcoin. In the bitcoin world you should hide the private key (mostly in a paper) so the same situation well no with bitcoin you can hide tons of wallet back up, in a small pen drive, which can be used with a small tablet for example with gold you need to carry soemthing that may weight up to 3kg or more, not something with which i would be comfortable about Practically yes, you can own millions of dollars value in a piece of paper that have you bitcoin wallet details. You just made me to change the secret "safe case" and bring it to a pen that has USB to store the .dat backup. Bitcoin is heavy and the transfer (buy and sell) to others takes a lot of time comparing to bitcoin which is in few seconds. |
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grospy
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Activity: 2
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October 09, 2015, 03:57:12 PM |
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I would trust gold, because of it's legal status. Bitcoin seems quite blurry to me to make an investement on it. It's still a developing technology and in future , if it would be taken seriously by law firms and there would be some institution standing behind of it, there might be some progress. But not much, the world will keep turning the way it does no matter what you do.
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Exchange Email
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October 09, 2015, 04:14:06 PM
Last edit: October 11, 2015, 08:39:22 AM by hilariousandco |
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Love gold, but moves slowly and im a risk taker so for me is bitcoin as it came in handy a few times without fail
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Mickeyb
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October 09, 2015, 05:47:32 PM |
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I would trust gold, because of it's legal status. Bitcoin seems quite blurry to me to make an investement on it. It's still a developing technology and in future , if it would be taken seriously by law firms and there would be some institution standing behind of it, there might be some progress. But not much, the world will keep turning the way it does no matter what you do.
You should own both of them. Gold should be your safer options, a safe haven of some kind for your finances. Gold been here for 5,000 years and I don't think it will go anyway soon. On the other side, you should also own skme Bitcoin. This is a revolutionary technology that can change the world really for the better, and you don't want to miss on something like that, especially if you have known about it. |
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AlexGR
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Activity: 1708
Merit: 1049
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October 09, 2015, 08:53:36 PM |
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If it would be taken seriously by law firms and there would be some institution standing behind of it, there might be some progress.
The revolutionary aspect of bitcoin is that it shouldn't need an institution. Institutions can be controlled, and by extension the currency/payment system would be controlled as well. |
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kostya.ash
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October 09, 2015, 11:10:16 PM |
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This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.
yeah that is fact, bitcoin each year continues to weaken the price in contrast to gold, which each year can go up but it can also go down but important, price each year does not always go down |
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acroman08
Legendary
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Activity: 2324
Merit: 1076
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October 10, 2015, 02:55:41 AM |
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This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.
yeah that is fact, bitcoin each year continues to weaken the price in contrast to gold, which each year can go up but it can also go down but important, price each year does not always go down That is true but every halving the reward you get on block chain will be cut in half Thus the price of bitcoin increases. Bitcon is unstable just like any other currencies So the decrease of price is normal. |
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trinaldao
Copper Member
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Activity: 1218
Merit: 1007
Post your ann & bounty just contact me
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October 10, 2015, 03:05:22 AM |
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hemm bitcoin can use every where and very simple than gold  that why i love bitcoin bitcoin can send without face2face not like gold |
INVALID BBCODE: close of unopened tag in table (1)
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roadbits
Legendary
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Activity: 1092
Merit: 1000
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October 10, 2015, 03:07:40 AM |
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This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.
yeah that is fact, bitcoin each year continues to weaken the price in contrast to gold, which each year can go up but it can also go down but important, price each year does not always go down Bitcoin is still considered as new currency or commodity and do not have any solid base to decide on price but it only depends on demand and supply so its prices are quite volatile and it can move any direction quite fast. But gold has solid history of giving profits over the time and its prices will not move so fast so gold considered as better investment option for long time. I put my small portion money in bitcoin but most in gold. |
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kostya.ash
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October 10, 2015, 03:57:31 AM |
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This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.
yeah that is fact, bitcoin each year continues to weaken the price in contrast to gold, which each year can go up but it can also go down but important, price each year does not always go down Bitcoin is still considered as new currency or commodity and do not have any solid base to decide on price but it only depends on demand and supply so its prices are quite volatile and it can move any direction quite fast. But gold has solid history of giving profits over the time and its prices will not move so fast so gold considered as better investment option for long time. I put my small portion money in bitcoin but most in gold. yeah gold have solid history, What do you think bitcoin could be like gold? |
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