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Author Topic: Bitcoin or gold?  (Read 984412 times)
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June 14, 2016, 08:06:52 AM
 #3721

Bitcoin has been auto performing gold big time for years now. I'm not sure exactly why but it probably has something to do with getting more and more scarce mathematically so it's easy to know exactly what is coming in.
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June 14, 2016, 08:08:47 AM
 #3722

of course bitcoin is my choice, new technology, No tax at saving bitcoin and no people know if i have 100bitcoin , because my bitcoin at paperwallet  Cool

Yeah me too, that's what I'm choosing bitcoin, because it is very convenient, no tax can be collected by the government.
And it is very easy to use. I can just send any time to my friends the bitcoin amount they need.
And they can receive it fast.
If I had to spread my wealth and bitcoin and gold are my only two options, I would put 70% in gold and 30% in bitcoin. Gold for security and bitcoin for investment. Never mind about the taxes because sooner or later the moment you spend you bitcoin, some tax is going to on top of that. Taxes are as inevitable as death.

Well if I were you, I will divide it in same portion and percentage 50% for bitcoin and 50% for gold. But it depends on the person on how you are going
to manage it. And you are right taxes are inevitable, because of tax the government is alive. And without tax , there is no government that can be formed.
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June 14, 2016, 08:17:59 AM
 #3723

of course bitcoin is my choice, new technology, No tax at saving bitcoin and no people know if i have 100bitcoin , because my bitcoin at paperwallet  Cool

Yeah me too, that's what I'm choosing bitcoin, because it is very convenient, no tax can be collected by the government.
And it is very easy to use. I can just send any time to my friends the bitcoin amount they need.
And they can receive it fast.
If I had to spread my wealth and bitcoin and gold are my only two options, I would put 70% in gold and 30% in bitcoin. Gold for security and bitcoin for investment. Never mind about the taxes because sooner or later the moment you spend you bitcoin, some tax is going to on top of that. Taxes are as inevitable as death.

Well if I were you, I will divide it in same portion and percentage 50% for bitcoin and 50% for gold. But it depends on the person on how you are going
to manage it. And you are right taxes are inevitable, because of tax the government is alive. And without tax , there is no government that can be formed.

Its good to diversify the investments in different products, as we are not sure which product will perform better in future, so even if one product doesn't do well the other can take care off.

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June 14, 2016, 08:20:39 AM
 #3724

I would pick gold out of this two and that is only because the biutcoin is not trusted anymore. There are to many people who get rid of their coins and i dont think that would ever change because of the bad security,
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June 14, 2016, 08:24:30 AM
 #3725

I would pick gold out of this two and that is only because the biutcoin is not trusted anymore. There are to many people who get rid of their coins and i dont think that would ever change because of the bad security,

Gold is boring, no one is going to be rich during our lifetimes by holding Gold that's for sure. Now with Bitcoin, we have way bigger chances at becoming millionaires than we have by holding Gold. Similarly, there are bigger chances of seeing 1 BTC will going to reach 5k$ soon.
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June 14, 2016, 08:34:01 AM
 #3726

I would pick gold out of this two and that is only because the biutcoin is not trusted anymore. There are to many people who get rid of their coins and i dont think that would ever change because of the bad security,

Gold is boring, no one is going to be rich during our lifetimes by holding Gold that's for sure. Now with Bitcoin, we have way bigger chances at becoming millionaires than we have by holding Gold. Similarly, there are bigger chances of seeing 1 BTC will going to reach 5k$ soon.

Yeah you are right, gold is somehow we can't monitor what is the gold's price in the economy, but with bitcoin we can monitor the price and it
is giving a very many opportunity for the people who wants to earn bitcoin, but with gold the opportunity is very limited.
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June 14, 2016, 08:41:19 AM
 #3727

i would prefer gold instead of the bitcooin because i know what the future will bring for the bitcoin and that is not a sun shine so i dont think you all should go full on bitcoin because you will regret it.
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June 14, 2016, 08:54:49 AM
 #3728

i would say if you are a clever guy or women stay true to the gold because there wil come some times that the bitcoin is not trust able anymore because of the fame he got right now. So keep true to the gold.
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June 14, 2016, 08:54:50 AM
 #3729

if you keep it to the bitcoin you will seriously get regret only becasue there are allot of people just using gold instead of bitcoins. And that is because gold can do everything and i dont think bitcoin can do that,
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June 14, 2016, 09:00:41 AM
 #3730

if you keep it to the bitcoin you will seriously get regret only becasue there are allot of people just using gold instead of bitcoins. And that is because gold can do everything and i dont think bitcoin can do that,

No, I don't think so that you will regret if you invest in bitcoin, and with gold you can only preserve it you cannot use it as a currency like bitcoin, so bitcoin is a better option.
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June 14, 2016, 10:08:10 AM
 #3731

For my self investigation Gold is slow moving and quite stable product so it is only suitable for less risk takers.
Bitcoin moves either way quite fast so it is good for risk takers.


Well, you could say that but however you've gotta understand that gold has no industrial usage and therefore can crash whenever there is no demand for it as a monetary metal.

And bitcoin is probably be the digital age gold in my opinion.
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June 14, 2016, 10:21:19 AM
 #3732

I would pick gold out of this two and that is only because the biutcoin is not trusted anymore. There are to many people who get rid of their coins and i dont think that would ever change because of the bad security,
which part do you mean not trusted anymore? bitcoin is decentralization. bitcoin is not just a game of just one user. the current high prices is not because of price manipulation. but demand continues to rise
and whenever bitcoin prices may fall. it is a natural cycle
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June 15, 2016, 02:35:49 AM
 #3733

I would pick gold out of this two and that is only because the biutcoin is not trusted anymore. There are to many people who get rid of their coins and i dont think that would ever change because of the bad security,
which part do you mean not trusted anymore? bitcoin is decentralization. bitcoin is not just a game of just one user. the current high prices is not because of price manipulation. but demand continues to rise
and whenever bitcoin prices may fall. it is a natural cycle
For me, it is good so we traders can make a good profit if we know how to predict the price movements, the good thing with bitcoins is many people can use and it is good for daily transactions, gold on the other hand as only limited usage and only good for investment while bitcoins  help us to have a convenient way of doing transactions online.

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June 15, 2016, 04:56:52 AM
 #3734

For my self investigation Gold is slow moving and quite stable product so it is only suitable for less risk takers.
Bitcoin moves either way quite fast so it is good for risk takers.


Well, you could say that but however you've gotta understand that gold has no industrial usage and therefore can crash whenever there is no demand for it as a monetary metal.

And bitcoin is probably be the digital age gold in my opinion.

Gold is used for physical transactions also some things engraved with gold has higher value. Demand for it is unlimited even in the future.

Bitcoin only touch digital world so no way it can touched where gold can reached.
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June 15, 2016, 05:23:43 AM
 #3735

look bitcoin is rising now
i think we can invest all in at bitcoin
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June 15, 2016, 06:25:21 AM
 #3736

I think that although gold might have some more proven track record than bitcoin, it won't outperform BTC in the short term in my opinion. Bitcoin is virtual while gold is not.

I prefer bitcoin because it is more portable.
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June 15, 2016, 06:41:31 AM
 #3737

look bitcoin is rising now
i think we can invest all in at bitcoin

you invest when the market looks dead and sell when the market looks alive, not the opposite, this if you want to have the full reward from it

those who dump early, are the one that buy when the pump it's already halfway before the next dumping
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June 15, 2016, 07:16:10 AM
 #3738

if it was my opnionion i would say use gold instead of bitcoins because everything is to buy with gold and i dont think you can buy everything with coins these years maybe in future.
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June 15, 2016, 07:27:47 AM
 #3739

if it was my opnionion i would say use gold instead of bitcoins because everything is to buy with gold and i dont think you can buy everything with coins these years maybe in future.

Buy gold and let it rot is that what you meant?
Gold is a good reserve commodity and as years past by it increases more in price and value. There are a lot of people who want to have this and some killed for it. So it is still better when it comes to long term investment.
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June 15, 2016, 04:17:34 PM
 #3740

I think that although gold might have some more proven track record than bitcoin, it won't outperform BTC in the short term in my opinion. Bitcoin is virtual while gold is not.

I prefer bitcoin because it is more portable.

Also the same with bitcoin, it won't outperformed gold. Because like you said bitcoin is virtual and gold is not. Virtual is only taking place in one place and that is online. If no internet, bitcoin is nothing and useless.
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