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planfox
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October 19, 2016, 08:00:56 AM |
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gold is a good option for me if i have more money but for now i only have bitcoin so i will stick with bitcoin. maybe i will collect more money first to buy gold as my second investment.
Gold is really a good type of investment but for me. Since I am in bitcoin, I would say that the best investment would bitcoin and it is already a good currency. And it has a lot of services that you can enjoy like using it as the real currency in your life and it is a very good payment processor. If you have love ones in other country. If you will analyze carefully, gold might be valuable now but bitcoin is more valuable although we have not seen yet in its price today. The fact that bitcoin is design to give its users and adopters the benefits of using bitcoin to transact online it could already help people make good savings if they will just adopt with bitcoins, and for that makes it more value since it is useful in our daily lives. The bitcoin will be more valuable than the bitcoin as it has limited supply and the amount will be lost in the long term. Maybe Bitcoin and will be more expensive, but it is unstable. I think investing in gold is not risky in Bitcoin |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Aamir1
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October 19, 2016, 08:14:59 AM |
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I prefer bitcoin above gold because its nice to use and its also better on more terms, you can more things with it too and you can even use it globally as a pay method with gold this is a lot more difficult.
Its not really difficult with gold too, because we can see that bitcoin is not yet legalized all over the world and there aren't many places where we can spend them physically so we mostly have to convert them to fiat in order to use them for something, and the same goes with gold, we will have to sell it for getting cash and then we can use that cash for anything we want. |
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X-ray
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October 19, 2016, 11:35:28 AM |
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gold is a good option for me if i have more money but for now i only have bitcoin so i will stick with bitcoin. maybe i will collect more money first to buy gold as my second investment.
Gold is really a good type of investment but for me. Since I am in bitcoin, I would say that the best investment would bitcoin and it is already a good currency. And it has a lot of services that you can enjoy like using it as the real currency in your life and it is a very good payment processor. If you have love ones in other country. If you will analyze carefully, gold might be valuable now but bitcoin is more valuable although we have not seen yet in its price today. The fact that bitcoin is design to give its users and adopters the benefits of using bitcoin to transact online it could already help people make good savings if they will just adopt with bitcoins, and for that makes it more value since it is useful in our daily lives. The bitcoin will be more valuable than the bitcoin as it has limited supply and the amount will be lost in the long term. what is "bitcoin will be more valuable than the bitcoin" by the way,if you are talking about gold then there's no exact answer,bitcoin has limited supplies indeed but the limit will be reached next decades and seems just too far from now |
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co5hike
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October 19, 2016, 01:29:47 PM |
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I prefer bitcoin above gold because its nice to use and its also better on more terms, you can more things with it too and you can even use it globally as a pay method with gold this is a lot more difficult.
Its not really difficult with gold too, because we can see that bitcoin is not yet legalized all over the world and there aren't many places where we can spend them physically so we mostly have to convert them to fiat in order to use them for something, and the same goes with gold, we will have to sell it for getting cash and then we can use that cash for anything we want. Selling gold is time consuming process but you can sell bitcoin instantly sitting on your computer and even if we have to convert it to fiat for using them then also I don't think there is any issue in it. |
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randy8777
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October 19, 2016, 03:55:38 PM |
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A financial advisor would tell you neither  . However, diversification would help minimize any risk. it all depends on what your targets are. if you're looking for a slow but steady long term store of value solution, then that person might advice you to take positions into gold. especially if this advisor is the typical old school type of person. bitcoin wouldn't even be on his list then. |
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kryptqnick
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October 19, 2016, 05:29:57 PM |
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I would choose gold, because it passed the test of time. I understand that Bitcoin seems very perspective now, but it's been only 5 years the IT developes really fast. Although it developes fast, gold doesn't lose its value. I think I would get 70% in gold and 30% in Bitcoin just in case.
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jaysabi
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★777Coin.com★ Fun BTC Casino!
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October 20, 2016, 04:16:06 AM |
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I would say Bitcoin for now. Simply because it haven't reach it's mature stage yet unlike gold. You might be able to earn a lot more in Bitcoin until it gets more mature.
But the risk is greater with Bitcoin. It can get worthless if some new bug or a better altcoin is discovered. There is no such risk associated with gold. It will remain as a valuable asset. Also consider that altcoins aren't "discovered," they are created. The risk is higher because mismanagement by the Bitcoin foundation creates a market opportunity for an altcoin to seize market share by being more innovative than Bitcoin. At this point, Bitcoin is an unwieldy bureaucracy. Change is not easy or without a great deal of controversy because of how much money is at stake. Bitcoin is not nimble or adaptable, and the larger it becomes, the less so it will become. |
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MONKEYJUNK
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October 20, 2016, 06:22:29 AM |
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I would say Bitcoin for now. Simply because it haven't reach it's mature stage yet unlike gold. You might be able to earn a lot more in Bitcoin until it gets more mature.
But the risk is greater with Bitcoin. It can get worthless if some new bug or a better altcoin is discovered. There is no such risk associated with gold. It will remain as a valuable asset. Also consider that altcoins aren't "discovered," they are created. The risk is higher because mismanagement by the Bitcoin foundation creates a market opportunity for an altcoin to seize market share by being more innovative than Bitcoin. At this point, Bitcoin is an unwieldy bureaucracy. Change is not easy or without a great deal of controversy because of how much money is at stake. Bitcoin is not nimble or adaptable, and the larger it becomes, the less so it will become. Maybe he's talking in "discovered" like the XMR, after people "discover" and start using it on the dark net because of their anonnymous system, the price increased a lot. Well, maybe the world "discover" the Bitcoin one day, their benefits and the price can have a good increase, it's all a bet, the cryptocurrency world is a baby yet. |
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mitkala
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October 20, 2016, 07:05:10 AM |
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I would say Bitcoin for now. Simply because it haven't reach it's mature stage yet unlike gold. You might be able to earn a lot more in Bitcoin until it gets more mature.
But the risk is greater with Bitcoin. It can get worthless if some new bug or a better altcoin is discovered. There is no such risk associated with gold. It will remain as a valuable asset. Also consider that altcoins aren't "discovered," they are created. The risk is higher because mismanagement by the Bitcoin foundation creates a market opportunity for an altcoin to seize market share by being more innovative than Bitcoin. At this point, Bitcoin is an unwieldy bureaucracy. Change is not easy or without a great deal of controversy because of how much money is at stake. Bitcoin is not nimble or adaptable, and the larger it becomes, the less so it will become. The altcoins are less established than the bitcoin. Even the largest altcoin, Ethereum is still under various attacks. |
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ObscureBean
Legendary
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Activity: 1148
Merit: 1000
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October 20, 2016, 07:18:18 AM |
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I would say Bitcoin for now. Simply because it haven't reach it's mature stage yet unlike gold. You might be able to earn a lot more in Bitcoin until it gets more mature.
But the risk is greater with Bitcoin. It can get worthless if some new bug or a better altcoin is discovered. There is no such risk associated with gold. It will remain as a valuable asset. Also consider that altcoins aren't "discovered," they are created. The risk is higher because mismanagement by the Bitcoin foundation creates a market opportunity for an altcoin to seize market share by being more innovative than Bitcoin. At this point, Bitcoin is an unwieldy bureaucracy. Change is not easy or without a great deal of controversy because of how much money is at stake. Bitcoin is not nimble or adaptable, and the larger it becomes, the less so it will become. The altcoins are less established than the bitcoin. Even the largest altcoin, Ethereum is still under various attacks. Bitcoin is like stock Android and altcoins are like the different flavors of the core OS, so stock + their own skin on top. When you implement new ideas/features on top of the base configuration, you increase complexity, there are more parts that need to work tightly together. This also means that there are more things that can go wrong. |
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alien161016
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Activity: 54
Merit: 0
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October 20, 2016, 07:25:57 AM |
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I would say Bitcoin for now. Simply because it haven't reach it's mature stage yet unlike gold. You might be able to earn a lot more in Bitcoin until it gets more mature.
But the risk is greater with Bitcoin. It can get worthless if some new bug or a better altcoin is discovered. There is no such risk associated with gold. It will remain as a valuable asset. Also consider that altcoins aren't "discovered," they are created. The risk is higher because mismanagement by the Bitcoin foundation creates a market opportunity for an altcoin to seize market share by being more innovative than Bitcoin. At this point, Bitcoin is an unwieldy bureaucracy. Change is not easy or without a great deal of controversy because of how much money is at stake. Bitcoin is not nimble or adaptable, and the larger it becomes, the less so it will become. The altcoins are less established than the bitcoin. Even the largest altcoin, Ethereum is still under various attacks. And me now interested in Bitcoin. Choosing between them and gold I choose Bitcoin. Even despite the fact that this option is more risky. I believe in Bitcoin and what its price will be high Bitcoin is like stock Android and altcoins are like the different flavors of the core OS, so stock + their own skin on top. When you implement new ideas/features on top of the base configuration, you increase complexity, there are more parts that need to work tightly together. This also means that there are more things that can go wrong. |
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el kaka22
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October 20, 2016, 09:49:47 AM |
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Gold always has been exchanged since ancient times. I think that bitcoin and gold occupy every niche and will be in demand for a long time.
Yes, gold has been since the ancient time but it seems it popularity is going down whereas with the case of bitcoin is gaining popularity for the same period of time and acceptance grows everyday. One very good feature of bitcoin is it simplicity and speed of usage in transaction. After few more years, I fear people may forget gold completely. |
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1Referee
Legendary
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October 20, 2016, 10:05:53 AM |
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Gold always has been exchanged since ancient times. I think that bitcoin and gold occupy every niche and will be in demand for a long time.
Yes, gold has been since the ancient time but it seems it popularity is going down whereas with the case of bitcoin is gaining popularity for the same period of time and acceptance grows everyday. One very good feature of bitcoin is it simplicity and speed of usage in transaction. After few more years, I fear people may forget gold completely. May I know what gives you the impression of Gold losing popularity? I personally don't see anything that point towards people taking distance from Gold. Even stronger, I think Gold will only see its popularity increase in the coming years. Especially because of the fact that it is a solid store of wealth tool where you don't have to deal with banks and such. It's of course not convenient to have let's say $10,000,000 in physical Gold, but at least it gives you the opportunity to really own something instead of relying on banks to store your money. |
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X-ray
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October 20, 2016, 10:20:11 AM |
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Gold always has been exchanged since ancient times. I think that bitcoin and gold occupy every niche and will be in demand for a long time.
Yes, gold has been since the ancient time but it seems it popularity is going down whereas with the case of bitcoin is gaining popularity for the same period of time and acceptance grows everyday. One very good feature of bitcoin is it simplicity and speed of usage in transaction. After few more years, I fear people may forget gold completely. gold's popularity is not going down but it's just already well known amongs people in the world so it doesn't need to be advertised or anything,people are just enough knowing it,and it's make just rarely being talked,there's no people that don't know gold |
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hase0278
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October 20, 2016, 10:33:52 AM |
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If I were to choose between the two, ill choose bitcoin for some reasons. First of all bitcoin was cheaper. Gold I think is already in the pinacle of it's price and wont rise more while on the other hand bitcoin is new and have potential to grow more in the future. There's also a possibility that hold will be overtaken by bitcoin in the future that's why I choose bitcoin.
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mistanama
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October 20, 2016, 03:25:22 PM |
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If I were to choose between the two, ill choose bitcoin for some reasons. First of all bitcoin was cheaper. Gold I think is already in the pinacle of it's price and wont rise more while on the other hand bitcoin is new and have potential to grow more in the future. There's also a possibility that hold will be overtaken by bitcoin in the future that's why I choose bitcoin.
That is right. The bitcoin has better future than the gold. It has limited supply and can be used as a currency. |
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terman45x
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October 20, 2016, 03:39:56 PM |
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If I were to choose between the two, ill choose bitcoin for some reasons. First of all bitcoin was cheaper. Gold I think is already in the pinacle of it's price and wont rise more while on the other hand bitcoin is new and have potential to grow more in the future. There's also a possibility that hold will be overtaken by bitcoin in the future that's why I choose bitcoin.
Yes bitcoin has higher potential to grow in future in compare to gold as gold is more stable and cannot reach to the moon anytime and profits from bitcoin will surely exceed then gold in long run. |
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jondeen707
Member
Offline
Activity: 84
Merit: 10
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October 20, 2016, 03:52:02 PM |
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If I were to choose between the two, ill choose bitcoin for some reasons. First of all bitcoin was cheaper. Gold I think is already in the pinacle of it's price and wont rise more while on the other hand bitcoin is new and have potential to grow more in the future. There's also a possibility that hold will be overtaken by bitcoin in the future that's why I choose bitcoin.
Yes bitcoin has higher potential to grow in future in compare to gold as gold is more stable and cannot reach to the moon anytime and profits from bitcoin will surely exceed then gold in long run. Bitcoin's future as an investment tool looks way brighter than that of gold. A quick look at a 5-year price chart would be all the evidence you need. Still gold won't be abandoned as an investment asset or as a simple storage of wealth any time soon. As long as central banks keep it in their reserves, it will remain expensive and will probably maintain moderate growth perspective. |
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Liad.Services
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October 21, 2016, 02:29:30 PM |
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Why wouldnt you hold both bitcoins and gold?
I dont believe that bitcoin is good for a long term investment,because I just cant see how the whole world is going to use bitcoins,and only if the world will start using it and accept it,then we will see a success.
On the other hand gold is always going to be worth, as it has many uses and the governments support it.
Just stick with both bitcoins and gold.
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Altynbekova
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October 21, 2016, 02:47:15 PM |
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I would choose gold, because it passed the test of time. I understand that Bitcoin seems very perspective now, but it's been only 5 years the IT developes really fast. Although it developes fast, gold doesn't lose its value. I think I would get 70% in gold and 30% in Bitcoin just in case.
I agree with you that gold is a good investment but I think that the bitcoin also has a great future and its more profitable on all kind of terms. With other investments as gold its more stable what is normally better, the only thing is that the profit will wait on itself longer. |
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