Bitcoin or gold?

[wibuindon]

Many people argue that a complex and innovative tech such as bitcoin should not be compared with an asset like gold.
There are many intricacies in the disparities between the two, notwithstanding the fact that both can be obtained through mining.
Their limited status doesn’t generate enough reason for them to be adjacently observed either.

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[bryant.coleman]

earning bitcoin is more easy and less cost than gold, also the simple bitcoin is more  save to hide it than gold, so for this reason, people will interesting to invest at bitcoin.

I don't think so. There are very few options for earning Bitcoins. Other than the sig campaigns (which will give you pocket-change at the best), there are not too many jobs out there, which pay in BTC. On the other hand, it is easy to convert your fiat to gold, with less than 1% premium. If I want to do the same with BTC, then I've to pay at least 5% premium in my country.

[dunfida]

I'll choose gold. It's a physical currency that have been used since the beginning of time. And it has demonstrated reliability. I'm sure that gold is never lose its value as a precious metal with different practical applications. That we can't say about Bitcoin. It's very useful, but decentralized and unregulated. So, for me it's a clear choice.

You have your point but still i am gonna go with bitcoin and not gold because i believe gold is only for the richer people who already earning good money and we need some good amount to own some gold weather in bitcoin can be divided into very small unit and we can easily own some portion of the bitcoin or even earn then without spending money.

A crypto that has just launched recently which is name Xaurum, its a crypto  backed with gold which i think its a good  investment, im not trying to  promote here  but im only expressing my own opinion regarding to this coin. If you are confused about  on  which to invest , then why you dont try Xaurum? its a combination crypto and a gold.

[deisik]

I'll choose gold. It's a physical currency that have been used since the beginning of time. And it has demonstrated reliability. I'm sure that gold is never lose its value as a precious metal with different practical applications. That we can't say about Bitcoin. It's very useful, but decentralized and unregulated. So, for me it's a clear choice.

You have your point but still i am gonna go with bitcoin and not gold because i believe gold is only for the richer people who already earning good money and we need some good amount to own some gold weather in bitcoin can be divided into very small unit and we can easily own some portion of the bitcoin or even earn then without spending money.

A crypto that has just launched recently which is name Xaurum, its a crypto  backed with gold which i think its a good  investment, im not trying to  promote here  but im only expressing my own opinion regarding to this coin. If you are confused about  on  which to invest , then why you dont try Xaurum? its a combination crypto and a gold.

Huh? Backed with gold? You must be kidding?

It is yet another scam coin like many others out there that have already vanished, are vanishing right now, and will vanish in a short time from right now. If it was really backed up by gold, then

Why it is so cheap right now? 

Just in case, being 100% backed up by something means that it should be freely convertible to that something (and look when the thread about that shitcoin started, that's about "a crypto that has just launched")

[Karloff]

The whole meaning of wealth since ancient times was in the amount of gold. Therefore, even today, Gold is the currency that attracts everyone. And no one will bet even on bitcoin, if he will be offered the choice of a bitcoin or gold. Even if all disappeared on the ground, and gold will be the only currency.

[livinglegend]

Many people argue that a complex and innovative tech such as bitcoin should not be compared with an asset like gold.
There are many intricacies in the disparities between the two, notwithstanding the fact that both can be obtained through mining.
Their limited status doesn’t generate enough reason for them to be adjacently observed either.

That's a good observation, these are aspects that make difficult a comparison between the two assets.

[Klima]

The whole meaning of wealth since ancient times was in the amount of gold. Therefore, even today, Gold is the currency that attracts everyone. And no one will bet even on bitcoin, if he will be offered the choice of a bitcoin or gold. Even if all disappeared on the ground, and gold will be the only currency.

At least you can not be limited to any one nor the other. Bitcoin has its advantages, as well as gold. It would therefore be very advantageous to work with both.

[randy8777]

The whole meaning of wealth since ancient times was in the amount of gold. Therefore, even today, Gold is the currency that attracts everyone. And no one will bet even on bitcoin, if he will be offered the choice of a bitcoin or gold. Even if all disappeared on the ground, and gold will be the only currency.

gold will always remain very important when it comes to investments, but mainly the store of wealth aspect. but that doesn't mean the time is standing still. bitcoin is a great alternative for people looking for a long term storage solution with more than decent profits if bitcoin lives up to what people (realistically) expect from it. if i am given the option to receive $10,000 worth of gold or bitcoin, i will pick bitcoin without me having think a second about it.

[Betwrong]

IMO gold is going down in value and Bitcoin is going up. And this is not just my words, take a look at this chart below about gold prices:

https://www.bullionvault.com/gold-price-chart.do

But I understand that for most people it's hard to comprehend the fact that a digital currency beats gold in terms of investing.

I'll invest in some gold the next time that it crashes in value - to me its not such a risky investment as BTC so I think its good to hold a small amount as part of a contingency fund. Gold vale is high when other funds are low.

Investing in a piece of paper saying you own a certain amount of gold, or are you talking about actually buying physical gold?

If you are talking about the latter, do you pay the market rate or a heavy premium over the market rate?

Here where I live I have to pay at least a premium of 10% over the current market rate which I find too much. That's why I haven't been jumping into gold.

That would be another good motivation to use Bitcoin instead of gold as an investment, but I was talking about cases when you don't need to pay a premium for buying gold. Even in that cases Bitcoin is better IMO.

[freedomgo]

IMO gold is going down in value and Bitcoin is going up. And this is not just my words, take a look at this chart below about gold prices:

https://www.bullionvault.com/gold-price-chart.do

But I understand that for most people it's hard to comprehend the fact that a digital currency beats gold in terms of investing.

I'll invest in some gold the next time that it crashes in value - to me its not such a risky investment as BTC so I think its good to hold a small amount as part of a contingency fund. Gold vale is high when other funds are low.

Investing in a piece of paper saying you own a certain amount of gold, or are you talking about actually buying physical gold?

If you are talking about the latter, do you pay the market rate or a heavy premium over the market rate?

Here where I live I have to pay at least a premium of 10% over the current market rate which I find too much. That's why I haven't been jumping into gold.

That would be another good motivation to use Bitcoin instead of gold as an investment, but I was talking about cases when you don't need to pay a premium for buying gold. Even in that cases Bitcoin is better IMO.

I also see it that way, bitcoin more me is more valuable as of the moment, to be honest I have not invested with gold in my whole life so I don't see any good value of investment I have not tried, with bitcoin this is good for small investors will big ambition in the future. I think with volume of supporters we can push the price to rise which is possible to gain profit.

[Akupuniard]

Gold for people who like stable income and don't like to risk, and also you should know how to work with gold, i don't know how so im using bitcoins.

[Spirit2016]

Gold for people who like stable income and don't like to risk, and also you should know how to work with gold, i don't know how so im using bitcoins.

Initially, gold also has the course of its value, which is raised then lowered. This is the first kind of opportunities to make money on the difference in price, similar to bitcoin trades. Risks to work a lot like a gold currency, and with bitcoin. We need to start knowledge

[BitHodler]

IMO gold is going down in value and Bitcoin is going up. And this is not just my words, take a look at this chart below about gold prices:

https://www.bullionvault.com/gold-price-chart.do

But I understand that for most people it's hard to comprehend the fact that a digital currency beats gold in terms of investing.

I'll invest in some gold the next time that it crashes in value - to me its not such a risky investment as BTC so I think its good to hold a small amount as part of a contingency fund. Gold vale is high when other funds are low.

Investing in a piece of paper saying you own a certain amount of gold, or are you talking about actually buying physical gold?

If you are talking about the latter, do you pay the market rate or a heavy premium over the market rate?

Here where I live I have to pay at least a premium of 10% over the current market rate which I find too much. That's why I haven't been jumping into gold.

That would be another good motivation to use Bitcoin instead of gold as an investment, but I was talking about cases when you don't need to pay a premium for buying gold. Even in that cases Bitcoin is better IMO.

Well, I was more pointing my post at what starmman was saying as he was interested in buying some gold.

Maybe I should have only quoted his part instead of other posts as well. That would make it more clear.

[Fredomago]

Gold for people who like stable income and don't like to risk, and also you should know how to work with gold, i don't know how so im using bitcoins.

Initially, gold also has the course of its value, which is raised then lowered. This is the first kind of opportunities to make money on the difference in price, similar to bitcoin trades. Risks to work a lot like a gold currency, and with bitcoin. We need to start knowledge

yes mate considering bitcoin as a gold of internet we can trade it into the price we desire depending on its demand looking into perspective if gold is a sign of richness before now we can say that if you have a lot of bitcoin holding you are also rich by now, i prefer to hold or to choose bitcoin because you can kept it much easier.

[0day]

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.

Gold have using value added . that mean for long time will more safe than bitcoin. However, in short-time bitcoin value almost like gold. then people with less money can keep bitcoin for 5 or 10 years

I don't think that for longer time we will have risk with bitcoin, as with the coming future more and more people are involving in bitcoin and that is the reason for the price to increase more in the future. The more we will have our bitcoins the more will we earn .

[Osarman]

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.

Gold have using value added . that mean for long time will more safe than bitcoin. However, in short-time bitcoin value almost like gold. then people with less money can keep bitcoin for 5 or 10 years

earning bitcoin is more easy and less cost than gold, also the simple bitcoin is more  save to hide it than gold, so for this reason, people will interesting to invest at bitcoin.

You are right , i also think that earning bitcoin is very easy than gold we can earn bitcoin through trading because bitcoin increasing its price very much faster and gold increasing its price very slowly so invest in bitcoin is much more better than gold.

[bryant.coleman]

You are right , i also think that earning bitcoin is very easy than gold we can earn bitcoin through trading because bitcoin increasing its price very much faster and gold increasing its price very slowly so invest in bitcoin is much more better than gold.

Short-trading is equally effective against gold and bitcoin. The only difference is that with gold, you will be able to trade up to 50 times your capital, while with BTC you will be limited to 4x or 5x. And you should post that it is easier to trade bitcoins, when compared to gold. For your information, earning is different from trading. 

[Drago2016]

Gold for people who like stable income and don't like to risk, and also you should know how to work with gold, i don't know how so im using bitcoins.

Initially, gold also has the course of its value, which is raised then lowered. This is the first kind of opportunities to make money on the difference in price, similar to bitcoin trades. Risks to work a lot like a gold currency, and with bitcoin. We need to start knowledge

yes mate considering bitcoin as a gold of internet we can trade it into the price we desire depending on its demand looking into perspective if gold is a sign of richness before now we can say that if you have a lot of bitcoin holding you are also rich by now, i prefer to hold or to choose bitcoin because you can kept it much easier.

If gold is the physical body, the bitcoin is air. How many attacks on the exchange bitcoin survive, as it was with bitfinex? How will jump cryptocurrency price if the market will be a fever? Gold is stable.

[Leonard2016]

Gold for people who like stable income and don't like to risk, and also you should know how to work with gold, i don't know how so im using bitcoins.

Initially, gold also has the course of its value, which is raised then lowered. This is the first kind of opportunities to make money on the difference in price, similar to bitcoin trades. Risks to work a lot like a gold currency, and with bitcoin. We need to start knowledge

yes mate considering bitcoin as a gold of internet we can trade it into the price we desire depending on its demand looking into perspective if gold is a sign of richness before now we can say that if you have a lot of bitcoin holding you are also rich by now, i prefer to hold or to choose bitcoin because you can kept it much easier.

If gold is the physical body, the bitcoin is air. How many attacks on the exchange bitcoin survive, as it was with bitfinex? How will jump cryptocurrency price if the market will be a fever? Gold is stable.

We all know that gold is stable and it is going to keep on rising as the time goes by but what happened with bitfinex is that we are not expecting that to happen and it is always been possible at all as many people are craving for big money. Maybe that is the good characteristics of gold even a big company is going to be stolen a lot of gold still the price of gold is going to be the same.

gold goes down too. it is not always rising but in general it is a more stable thing to invest in because of the magnitude of the market and the fact that gold has been around forever and many people are investing in it.

[goldcoinminer]

Gold for people who like stable income and don't like to risk, and also you should know how to work with gold, i don't know how so im using bitcoins.

Initially, gold also has the course of its value, which is raised then lowered. This is the first kind of opportunities to make money on the difference in price, similar to bitcoin trades. Risks to work a lot like a gold currency, and with bitcoin. We need to start knowledge

yes mate considering bitcoin as a gold of internet we can trade it into the price we desire depending on its demand looking into perspective if gold is a sign of richness before now we can say that if you have a lot of bitcoin holding you are also rich by now, i prefer to hold or to choose bitcoin because you can kept it much easier.

If gold is the physical body, the bitcoin is air. How many attacks on the exchange bitcoin survive, as it was with bitfinex? How will jump cryptocurrency price if the market will be a fever? Gold is stable.

We all know that gold is stable and it is going to keep on rising as the time goes by but what happened with bitfinex is that we are not expecting that to happen and it is always been possible at all as many people are craving for big money. Maybe that is the good characteristics of gold even a big company is going to be stolen a lot of gold still the price of gold is going to be the same.

gold goes down too. it is not always rising but in general it is a more stable thing to invest in because of the magnitude of the market and the fact that gold has been around forever and many people are investing in it.

It goes up but it will not stay for long unlike in bitcoin, gold is more stable as of the moment and it is a good investment when you can afford to do that, but we do not have a choice, we select bitcoin base on our range on what we can afford, besides it promises more profit once succeeded in the future.