Bitcoin or gold?

[GreenStox]

...

Gold has specialized uses (as a conductor that resists corrosion, they use it critical space applications) that need teh expensive gold, even in tiny quantities.  If gold drops a whole lot, then more industrial uses of gold open up...

But, NOTHING is a shiny, heavy and beautiful as gold!  Check the Periodic Chart, check the alloys, there is nothing like gold.

Sure, platinum and silver have their fans, but gold has already been chosen by humanity as the Store of Value (by the central banks

There is a near-universal high regard for gold throughout the world, I read of an experiment where the scientists put a disk of gold and a same size disk of silver before babies.  Guess which one they all (almost all) chose...  I regret that I do not have a link.

*   *   *

Also re gold, there is NO WAY that the price will drop too low (eg $100).  As physical price would drop, the Chinese and the Indians would start snapping it up at ever-increasing rates.

As would I snap it up.


I do not mean to demean BTC at all.  I have some and am very happy with it.  Bitcoin and gold complement each other wonderfully.

Very true, seems like gold has some sort of psychological appeal to it, some sort of ego materialistic cling, just like people like colorful stuff, since gold is shiny they like it alot.

Bitcoin doesnt have any appeal since it's immaterial, but bitcoin is not about shiny appeal, it's about objective wealth storage. So i guess gold can never beat this.

Who knows how apathyc people would get in the future and they would lose interest in gold, but they can't lose interest in bitcoin because it doesnt have any properties to hate about. It's just an immaterial mathematic concept which 100% of the people on earth could agree about, while gold can be regarded by some as something bad, even if it isnt.

For example some religions in the future could forbid gold.

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[Hazir]

Don't forget that bitcoin has potential also to be worth much much less. The main problem with bitcoin is that Bitcoin has been on a roller-coaster ride, losing more than half its value last year. And bitcoin is not backed by anything more than basic laws of economy and mathematics. That is the reason we now see more altcoins backed by interesting concept - a real life commodity. After all digital currency backed by a physical commodity will be more appealing than volatile bitcoin.

Indeed. I did not mention that, however if gold collapses it will be almost useless. Gold would collapse if we found a replacement for jewelry or something.
On the other hand, if Bitcoin goes down to $1 it is not a problem. Bitcoin will still function (possibly even better than it has) if the price decreases. From a investing perspective Bitcoin is a high risk-high profit investment, and gold is a safer investment with less potential.

First of all, gold would never collapse. It is here with us since dawn of time and it was always precious and always will be desirable. Jewelry is not the only way gold can be used after all we have:

1. Financial Gold: Coinage, Bullion, Backing
2. Uses of Gold in Electronics
3. Use of Gold in Computers
4. Use of Gold in Dentistry
5. Medical Uses of Gold
6. Uses of Gold in Aerospace
7. Uses of Gold Awards and Status Symbols  
8. Uses of Gold in Glassmaking
9. Gold Gilding and Gold Leaf

So I can't see a way for gold to ever collapse. But if I think of stability of Bitcoin, in the other hand, and I am not so sure...
 
 

[deisik]

Bitcoin is going to dominate the world financial system in next 12 months. It price can reach up to 10000$/bitcoin . Bitcoin is the most important invention of last 500 years. You will see bitcoin's units not even mbtc will be traded equal to 1$.
I would go for Bitcoin than Gold in modern era.

As much as I admire Your enthusiasm, I don't think that this will happen. As for "mots important invention (...)" if it wasn't for PC and later Internet there wouldn't be Bitcoin or any cryptocurrency

It doesn't matter what one talks, since talk is cheap. What matters is how much money he can actually bet on his words coming true. Regarding PC and the stuff, without electricity and its laws opened in the 19th century, there would be neither...

But you can always try to build a mechanical computer though

[AZwarel]

Bitcoin, to the moon or bust.

I believe in bitcoin, and I believe in gold but ultimately there is only one which I would expect any sort of considerable growth upon.

I believe in crypto. It is the tech for 21st century+ value exchange. Gold, well, try to pay a coffee with it, or try to trade a bag of potatoes in the gulag with it (you will succeed, until hunger(sum potato mass) > sum gold hunger...). Sad facts of life.

If we have almost unlimited energy (near the output of the Sun), all molecules can be fabricated (such as gold). But re-calculating more than 6 blocks of bitcoin transactions would require more energy (entropic status) than our Sun produces in a week. (there is a physics prof who actually made that calculation )

So gold would be a millionth time easier to reproduce than bitcoin in the future, so i bet on btc.

[AZwarel]

Don't forget that bitcoin has potential also to be worth much much less. The main problem with bitcoin is that Bitcoin has been on a roller-coaster ride, losing more than half its value last year. And bitcoin is not backed by anything more than basic laws of economy and mathematics. That is the reason we now see more altcoins backed by interesting concept - a real life commodity. After all digital currency backed by a physical commodity will be more appealing than volatile bitcoin.

Indeed. I did not mention that, however if gold collapses it will be almost useless. Gold would collapse if we found a replacement for jewelry or something.
On the other hand, if Bitcoin goes down to $1 it is not a problem. Bitcoin will still function (possibly even better than it has) if the price decreases. From a investing perspective Bitcoin is a high risk-high profit investment, and gold is a safer investment with less potential.

First of all, gold would never collapse. It is here with us since dawn of time and it was always precious and always will be desirable. Jewelry is not the only way gold can be used after all we have:

1. Financial Gold: Coinage, Bullion, Backing
2. Uses of Gold in Electronics
3. Use of Gold in Computers
4. Use of Gold in Dentistry
5. Medical Uses of Gold
6. Uses of Gold in Aerospace
7. Uses of Gold Awards and Status Symbols  
8. Uses of Gold in Glassmaking
9. Gold Gilding and Gold Leaf

So I can't see a way for gold to ever collapse. But if I think of stability of Bitcoin, in the other hand, and I am not so sure...
 
 

Gold as a jewelry IS money function. People was really picky about how to spend their precious survival time in the ancient. They made jewelry FOR survival (trade with other tribes for food), not because of shininess. (They had none of the uses you described above, yet they choose it for money - scarcity, durability).

I agree on the the industrial uses obviously, but that could be said about tin, led, glucose-fructose syrup or palladium as well. Gold will ends with the dawn of matter replicators. (Matter is just a set of information of basic sub atomic constituents. But pure information - as digits - can have infinitely greater energy requirements, for they are unbound by matter, and hence can have totally arbitrary energy consumption, which is not true for matter state - they are very limited versus information's energy entropy).



On a side note for my own (?) entertainment: the universe IS information. Every matter is built from the same building blocks, the only difference comes from difference of the "number" of sub atomic particles and energy level spread in a 11th dimension time space continuum (~temperature). The underlying principle is INFORMATION OF STATE, it is in itself an energy state (kinda of a spin number - half, 1, 1,5, 2 rotation wise in the 3D) which is unbounded by - the observed - time and space reality (but still bounded by gravity, as it is a special physical force capable to interact with multiple spatial dimensions - spatial as time).

The 20 year battle between Hawkings vs Lobachevsky was about the infinity of information (do black holes annihilate entropic state or not) - as the only reality which never is destroyed. So, information - which can be represented ALSO in digits, and can have an arbitrarily huge, possibly near infinite creating energy requirement -, which is the ultimate basis for all reality.

If bitcoin is only information in the quantum sense - which is pretty close, regarding the possible entropy of (2 on the 256)-1 variation on Earthly measures, i still would bet on BTC vs Gold on BTC, because gold is uniform, any gold atom with the same molecular state is the same INFORMATION WISE, but EVERY BTC fixed with address spreads around this unique number (which is a greater entropic state than gold's "uniqueness").

[ipbo]

I prefer to choose bitcoins, who knows what will happen after 10 years.

[Fabrizio89]

Why not both?

[leen93]

100% bitcoin

[gkv9]

Instead of being confused, I would go for diversification...
I might decide a % to invest some in BTC and some in Gold, as at least one of them might give me the returns I may be expecting...

[NyeFe]

Bitcoin is clearly the technological replace for gold. So I'd probably risk wealth, and invest in it before a further increase in adoption.

[junglemouse]

Bitcoin for sure. Gold is always nice of course, but this technology is still in its infancy stages. I dont see gold +400% in the near future. Bitcoin..maybe..

[freemind1]

Both, Bitcoin and gold, but especially Bitcoin. Why?. Gold takes forever established in trade, it is nothing new and the great majority is under control of few people who are dictating the price. Bitcoin is new, price is not under a few people controlling and blockchain is a technology to exploit.

[majeis]

Both. Get 24k physical bitcoins for humor value and nostalgia.

[ailsa]

Hiii,
Bitcoin is not in the stock market, you just buy it from exchanges, and yes it does have value, no body want a monopoly of money by governmen

[Lauda]

Both. Get 24k physical bitcoins for humor value and nostalgia.

That's the best of both worlds. I've seen quite some good ones in the past and some designed for display purposes (art piece - Kialara and such).
What's the typical price of a 24k coin?
I wonder if someone has invested in bunch of these coins?

[AlexGR]

Both. Get 24k physical bitcoins for humor value and nostalgia.

That's the best of both worlds. I've seen quite some good ones in the past and some designed for display purposes (art piece - Kialara and such).
What's the typical price of a 24k coin?
I wonder if someone has invested in bunch of these coins?

If it's an 1 oz coin (31.1grams), around 1200$.

[xmasdobo]

Both. Get 24k physical bitcoins for humor value and nostalgia.

physical bitcoins exists? i only know the Casacius one (or whatever its called)

[mrhelpful]

Its better to know you`ll get an actual interest rate, then not knowing if you wont get one or not.

The gold can be your fixed income, allowing you to buy more if you want or take losses on the bitcoin you already have bought.

[GreenStox]

The main problem with gold is that when SHTF governments will confiscate them just as private pensions and checking accounts, they will all be robbed, so gold as physical and heavy it is, its very exposed to thief criminals.

[AlexGR]

The problem with Gold, as real as it is, is that most people would rather carry around slips of paper that represent gold promises, than the actual gold itself. There's also significant risk in securing/hiding it if you amase any reasonsable amount.

Do you find it strange or what? Gold is simply too valuable. Let's say you have a gold coin worth $100, how do you buy anything with that? It's not like you can cut it in half at any time 

That was the normal in the 1800's. But silver was used for the smaller denominations.

Copper + Copper/nickel = ultra small denominations (1,2,5c)
Silver = small denominations (10c-1$)
Gold = large denominations (2.5-20$)