Bitcoin or gold?

[qyzackk]

Both are good but not all people fits with investing gold so as bitcoin, we have to consider what we can afford to invest. The problem is, we like to invest with gold as it is more stable but have we realize how much we need to start investing?

The idea is to save your earnings overnight securely not to make you any richer or poorer for that matter.   The price changes in gold is just an effect of the dollar itself varying in its worth, mostly gold is very limited in supply and regular in demand which means its price is mostly the same not just now or this year but a similar price for this decade the last century or even a thousand years.   Gold valuable for been continuously reliable for generations of people, longer then quite a few countries have existed.

Bitcoin should have higher growth, you might have the idea it can make you rich and I guess it will do that or lose it all as some holding with exchanges experienced.    I still think you have to do something with bitcoin, not just hold it and if you do nothing then surely gold and its inert nature is more suited

Many have already given examples and graphics fall or even shaky fluctuations in the price of gold, but gold nonetheless instills trust and confidence in the future.

You can make the most benefit from the data storage means that calculations in gold instead of storing in US dollars or euros for 10 years, would reduce the losses from the depreciation of these currencies in 3 times.

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[cokkapaga]

At the moment I prefer to choose bitcoin than gold
Bitcoin is good investment in the future to get a lot of profit. Gold is not good an invesment right now.

[deisik]

Moreover, Bitcoin can be used for buying goods immediately, but gold has to be converted into fiat for buying anything.

This statement is completely wrong. There are very few avenues for spending Bitcoins. Only a few online electronic retail sites, dark-markets such as Alphabay, and coffee shops are accepting BTC right now. Other than that, we need to convert our Bitcoins to fiat through exchanges in order to make purchases. IMO, gold is more acceptable in shops.

How's that exactly?

If you mean that you could pay with gold coin (which is legally accepted in that country) at its nominal value, that would an exercise in sadomasochistic futility, stupidity and hilarity all at the same time (I hope I don't need to explain why so). Other than that, I see no plausible way how you could do that. Indeed, if a cashier is a gold bug himself (which would be even more hilarious than you paying with gold), he could take your gold allegedly as a means of payment at some discount to spot price, but he would evidently just pay cash instead of you for your purchases and keep your gold

[Doamader]

This is the first time i do see someone saying that gold is used to pay something at forum, i do believe people does exchange gold into cash at shopping, and with those money they able to pay, but we do have bitcoin debit cards that as i know are accepted anywhere soo those makes no sense at all.

[The_prodigy]

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.

Bitcoin i will choose bitcoin if i start holding 10 bitcoin from the start bitcoin which is price is $500 after holding this long probably bitcoin will be at the price of $1000 plus bitcoin has a very good potential of growing not because people choosing it but its demand to demand to everyone to use it.

[Selly Arumsari]

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.

this is difficult choice , if i told of them may be i will choice bitcoin
because i think bitcoin increae huge price and i believe bitcoin still life for 10 years again ..

[markyminer]

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.

this is difficult choice , if i told of them may be i will choice bitcoin
because i think bitcoin increae huge price and i believe bitcoin still life for 10 years again ..

i think it is so easy and not a difficult to choose. as if you are going for saving and keeping safe your money then you should invest in gold, as gold is more stable that bitcoin, but if you want some profit then you should invest your money in bitcoin, as bitcoin can give you a good profit in a very very short period of time.

[bryant.coleman]

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.

this is difficult choice , if i told of them may be i will choice bitcoin
because i think bitcoin increae huge price and i believe bitcoin still life for 10 years again ..

I am not sure whether Bitcoin will manage to survive for another 10 years. But right now, the signs are pretty good. Many of the alternatives (i.e altcoins such as Litecoin and Ether) are losing their value with respect to Bitcoin. The user-base is slowly increasing. And every day more and more retailers are accepting payments in BTC.

[BeGoods]

At the moment I prefer to choose bitcoin than gold
Bitcoin is good investment in the future to get a lot of profit. Gold is not good an invesment right now.

precisely gold is a good investment alltime, you do not know how long age of gold. already more than a thousand years and of course gold is very guarantee and very safe compared to bitcoin. but once again it is the person's choice. for me both a good and profitable investment

[warwar]

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.

this is difficult choice , if i told of them may be i will choice bitcoin
because i think bitcoin increae huge price and i believe bitcoin still life for 10 years again ..

I am not sure whether Bitcoin will manage to survive for another 10 years. But right now, the signs are pretty good. Many of the alternatives (i.e altcoins such as Litecoin and Ether) are losing their value with respect to Bitcoin. The user-base is slowly increasing. And every day more and more retailers are accepting payments in BTC.

It is sad to think that bitcoin will not survived in 10 years well we do expect that but i think as of now it will stay up to 10 years if nothing happend big to hit the bitcoin and its core. Nothing will stay forever in this world so right now lets enjoy the existence of bitcoin like the bitcoin will die tomorrow

[Betwrong]

Moreover, Bitcoin can be used for buying goods immediately, but gold has to be converted into fiat for buying anything.

This statement is completely wrong. There are very few avenues for spending Bitcoins. Only a few online electronic retail sites, dark-markets such as Alphabay, and coffee shops are accepting BTC right now. Other than that, we need to convert our Bitcoins to fiat through exchanges in order to make purchases. IMO, gold is more acceptable in shops.

How's that exactly?

If you mean that you could pay with gold coin (which is legally accepted in that country) at its nominal value, that would an exercise in sadomasochistic futility, stupidity and hilarity all at the same time (I hope I don't need to explain why so). Other than that, I see no plausible way how you could do that. Indeed, if a cashier is a gold bug himself (which would be even more hilarious than you paying with gold), he could take your gold allegedly as a means of payment at some discount to spot price, but he would evidently just pay cash instead of you for your purchases and keep your gold

I agree. In terms of acceptance by various stores, cafés etc. Bitcoin nowadays is practically same as gold. If a store owner knows what Bitcoin is and wants it, he will accept your coins and he will pay the price of your purchase by himself and keep the coins. I've heard stories from my friends who were paying with Bitcoins in places which weren't designed for that.

[ged00u]

At the moment I prefer to choose bitcoin than gold
Bitcoin is good investment in the future to get a lot of profit. Gold is not good an invesment right now.

precisely gold is a good investment alltime, you do not know how long age of gold. already more than a thousand years and of course gold is very guarantee and very safe compared to bitcoin. but once again it is the person's choice. for me both a good and profitable investment

WTF, how can gold be profitable investment ? Are you out of your mind ? Gold is only a method of saving money. While holding gold, we do not need to worry about inflation or deflation so definitely we can not earn anything with gold. Bitcoin is different. It was created for the deflation and as you can see, BItcoin price always increase no matter what. If you save your Bitcoin, in 20 years later, you can become rich because bitcoin price can crossoever $20000. I can ensure about that

[DoublerHunter]

At the moment I prefer to choose bitcoin than gold
Bitcoin is good investment in the future to get a lot of profit. Gold is not good an invesment right now.

precisely gold is a good investment alltime, you do not know how long age of gold. already more than a thousand years and of course gold is very guarantee and very safe compared to bitcoin. but once again it is the person's choice. for me both a good and profitable investment

WTF, how can gold be profitable investment ? Are you out of your mind ? Gold is only a method of saving money. While holding gold, we do not need to worry about inflation or deflation so definitely we can not earn anything with gold. Bitcoin is different. It was created for the deflation and as you can see, BItcoin price always increase no matter what. If you save your Bitcoin, in 20 years later, you can become rich because bitcoin price can crossoever $20000. I can ensure about that

Did you know that gold are expensive and you can also earn profits by holding gold or buying some of them. It is like bitcoin that it is good for long term because it price almost goes up after a year and if you have a lot of them either gold or bitcoin then you will earn a good amount of profits after a few years. It doesn't matter if you are investing on gold or bitcoin, It is best if you invest on both .

[jaysabi]

I like them both but I think that the bitcoin is good but gold is better because its more secure if you know what I mean.

Yes I was also so, I use gold for the long term, I would not leave the gold although many lucrative investment in a short time like bitcoin or altcoin. I very afraid of being too quick to profit later if loss is also fast. Gold investment that there is never death, so my main choice anyway.

Gold has already proven for centuries and it is the king of all investments, imo. And you don't have to worry about its value for it is keep on appreciating as the time goes by, same goes with bitcoin with that type of increase but that depends on the demand of its users. But for me, it is better to have both for securing yourself.

No question about that, gold is always better than any other investment but it does not guarantee us good profit without a decent investment. If we have that then we can go but if not we must shift our focus with bitcoin.

I wouldn't call gold a good investment. It mostly just protects against inflation, so it only protects wealth you already have. It doesn't build wealth, which is what you want an investment to do. For that, you need to invest in a business that creates profit, and investing in gold doesn't do that.

[jaysabi]

if I choose, I would choose gold because he can be used as an accessory and long-term investments, but if it's short-term investments and for internet purposes I chose BTC

The gold can be confiscated easily. It happend in the US and it is happening now in India. The governments have rights to do that.

What makes the US and Indian government to confiscate gold? Unless it is being smuggled they have the rights to confiscate that, but without basis that can be against the trading code and human rights for not allowing them to use jewelry and use it as a source of their living and the government doesn't have the rights for confiscating private properties without due process.

Gold was outlawed as currency in the US long ago. The US government did indeed confiscate gold by criminalizing the possession of monetary gold in the 1930s to help combat the Great Depression. US citizens were ordered to deliver their gold to the Federal Reserve for payment of fiat. Gold has been dead as a currency in America ever since.

[deisik]

At the moment I prefer to choose bitcoin than gold
Bitcoin is good investment in the future to get a lot of profit. Gold is not good an invesment right now.

precisely gold is a good investment alltime, you do not know how long age of gold. already more than a thousand years and of course gold is very guarantee and very safe compared to bitcoin. but once again it is the person's choice. for me both a good and profitable investment

WTF, how can gold be profitable investment ? Are you out of your mind ? Gold is only a method of saving money. While holding gold, we do not need to worry about inflation or deflation so definitely we can not earn anything with gold. Bitcoin is different. It was created for the deflation and as you can see, BItcoin price always increase no matter what. If you save your Bitcoin, in 20 years later, you can become rich because bitcoin price can crossoever $20000. I can ensure about that

People seem to be heavily misunderstanding what gold is nowadays

It is just another speculative asset just like Bitcoin is or any other such asset out there. If you think that gold allows you to forget about fiat inflation, you are in for a big surprise. Its volatility may be not as high as that of Bitcoin indeed, but it is still high enough, on the one hand, to discard it as a means of storing value, and, on the other hand, to consider it as one of many assets used primarily for financial speculation, not storing value. People who want to store value tend to buy US Treasuries. You may call them idiots, of course, but these bonds have been more profitable than gold for at least 30 years on average

[ether19]

My opinion is that bitcoin has more room to grow than gold. So it would be wise to go for bitcoin. If you wish to further diversify your portfolio, then add some gold to your holdings.

[wuvdoll]

obviously gold would be the safe bet and bitcoin the risky. With gold having had thousands of years of maintained value and bitcoin being a few years old and extremely volatile.

It is true that bitcoin is a little risky but only on the long term , see bitcoin has a rising values that eventually has and end but gold does not so as long as bitcoin exists you can chose the bitcoin over the gold , but like any other way to earn money there are always risks , the greater the risk the greater the prize.

[Drago2016]

I've never seen a gold rose in price as rapidly as the Bitcoin. That is why I personally chose Bitcoin. But I know that I should be careful because this is risky

[dmamigo]

My opinion is that bitcoin has more room to grow than gold. So it would be wise to go for bitcoin. If you wish to further diversify your portfolio, then add some gold to your holdings.

Its true that Bitcoin has a large potential to grow your wealth, but also nowadays, many countries are getting band and also its volatile and many other factors making it too risky. So, Gold is obviously safe sided holding. But a risk taker will always choose Bitcoin to invest in.