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Author Topic: Bitcoin or gold?  (Read 984412 times)
randy8777
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January 16, 2017, 12:48:35 PM
 #6481

Gold is life time, I need and I wanted to have both. We need them both in our life nowadays.
Gold is good investment also you can always get money whenever you want because pawnshop is everywhere especially during emergency time while we also need bitcoin in doing online shopping so less hassle for us and transferring money to our loveones.

we don't need both in our life. more clear, we don't need any of them. we just choose gold and/or bitcoin as a mean of storing value and for investment purposes. if you don't have any of those, then nothing will be lost. problem with cashing out gold in pawnshops for example is that they require to scan your id and note all your personal information. if you don't have any problems with that, then it's of course all fine, but i am sure there are many people around that don't like the idea of having an entity being in control of that precious information.
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January 16, 2017, 02:33:41 PM
 #6482

Gold is life time, I need and I wanted to have both. We need them both in our life nowadays.
Gold is good investment also you can always get money whenever you want because pawnshop is everywhere especially during emergency time while we also need bitcoin in doing online shopping so less hassle for us and transferring money to our loveones.
Thats true gold will always have a value and it will never be down as the bitcoin price nowadays bitcoin price really fell down and unmanagable and unpridictable , few stores in my country already accepted bitcoin as a payment. As of now gold is expensive than bitcoin. But if bitcoin will rise and be more expensive ill choose bitcoin as investment.

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January 16, 2017, 02:44:04 PM
 #6483

Gold is life time, I need and I wanted to have both. We need them both in our life nowadays.
Gold is good investment also you can always get money whenever you want because pawnshop is everywhere especially during emergency time while we also need bitcoin in doing online shopping so less hassle for us and transferring money to our loveones.

we don't need both in our life. more clear, we don't need any of them. we just choose gold and/or bitcoin as a mean of storing value and for investment purposes. if you don't have any of those, then nothing will be lost. problem with cashing out gold in pawnshops for example is that they require to scan your id and note all your personal information. if you don't have any problems with that, then it's of course all fine, but i am sure there are many people around that don't like the idea of having an entity being in control of that precious information.
If it's not important for you then what's the reason behind why you are in the this forum. It does not make sense to me, I thought we are all believers here especially in the crypto currencies as a whole. Bitcoin is best as investment and currency and I have no problem with others not appreciating it.

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HarryKPeters
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January 16, 2017, 03:08:10 PM
 #6484

Gold is a great asset if you are no into risk, which is why hold gold, however bitcoin is an greater asset when it comes down to potential,earnings and innovation.
Which is why most of my assets are into bitcoin.

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January 17, 2017, 02:38:08 AM
 #6485

Gold is a great asset if you are no into risk, which is why hold gold, however bitcoin is an greater asset when it comes down to potential,earnings and innovation.
Which is why most of my assets are into bitcoin.
I agree that bitcoin potential to grow our money, although the price of gold is more stable than bitcoin but needs really big xapital and extra security to holding gold. Also if we want to gain profit from it, we have to wait in a few years to get significant profit. I think holding gold is good for rich people. Anyone can hold bitcoin, the volatility makes the holder can get good profit even do not only have small capital. For me bitcoin is better.

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nasipadang
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January 17, 2017, 03:02:47 AM
 #6486

i prefer gold in terms of investment because i don't want high risk in my investment although gold can't give a lot profit but gold can provide safety to the value of investments. for anything other than investments I prefer bitcoin than others bitcoin give a future to which have it

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January 17, 2017, 03:59:06 AM
 #6487

Gold is a great asset if you are no into risk, which is why hold gold, however bitcoin is an greater asset when it comes down to potential,earnings and innovation.
Which is why most of my assets are into bitcoin.
I agree that bitcoin potential to grow our money, although the price of gold is more stable than bitcoin but needs really big xapital and extra security to holding gold. Also if we want to gain profit from it, we have to wait in a few years to get significant profit. I think holding gold is good for rich people. Anyone can hold bitcoin, the volatility makes the holder can get good profit even do not only have small capital. For me bitcoin is better.
Bitcoin is for the majority while gold is for the minority or the rich people. It's true, the convenience in terms of security belongs to bitcoin as we do not need to spend another expenses just to secure since wallets are free online and we can spread our deposits with different wallets provider.

I am also making a journey here in the crypto world and even if I will be successful here and I can afford to invest with gold, I will still prefer with bitcoin.

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January 17, 2017, 07:54:08 AM
 #6488

i prefer gold in terms of investment because i don't want high risk in my investment although gold can't give a lot profit but gold can provide safety to the value of investments. for anything other than investments I prefer bitcoin than others bitcoin give a future to which have it
Gold is appropriate for long term investment because gold is worth forever. You have to carefull about the imitation of gold. I do not have a lot of money so I just invest in bitcoin.


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January 17, 2017, 08:45:10 AM
 #6489

i prefer gold in terms of investment because i don't want high risk in my investment although gold can't give a lot profit but gold can provide safety to the value of investments. for anything other than investments I prefer bitcoin than others bitcoin give a future to which have it
Gold is appropriate for long term investment because gold is worth forever. You have to carefull about the imitation of gold. I do not have a lot of money so I just invest in bitcoin.
how can you know thatgold is worth forever. I think Bitcoin is valuable, too. Since we are living in a technological world, Bitcoin is worth than gold because it still has much time to grow up and develop. In the future, Bitcoin will certainly destroy gold and become the number one investment on this planet

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January 17, 2017, 08:59:57 AM
 #6490

i will chose  bitcoin over the gold beacause i can se myself  using it in my life and for the next 10year its more flexibal
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January 17, 2017, 09:35:47 AM
 #6491

i prefer gold in terms of investment because i don't want high risk in my investment although gold can't give a lot profit but gold can provide safety to the value of investments. for anything other than investments I prefer bitcoin than others bitcoin give a future to which have it
Gold is appropriate for long term investment because gold is worth forever. You have to carefull about the imitation of gold. I do not have a lot of money so I just invest in bitcoin.
how can you know thatgold is worth forever. I think Bitcoin is valuable, too. Since we are living in a technological world, Bitcoin is worth than gold because it still has much time to grow up and develop. In the future, Bitcoin will certainly destroy gold and become the number one investment on this planet

maybe gold is an old investment but bitcoin is for future investment because from now on and future, the technology will growth and everyone will thinking about it and for people which want to make investment, then i think he should thinking to make investment with bitcoin because bitcoin can give much of benefit for that person.



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1Referee
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January 17, 2017, 10:48:46 AM
 #6492

how can you know thatgold is worth forever.

Gold has been serving as a valuable tool/currency for thousands of years. No reason to think it will change in the coming hundred or so years.

In the future, Bitcoin will certainly destroy gold and become the number one investment on this planet

Where you get that confidence from? Gold is an asset that mostly functions as a very long term store of value tool, where even governments are using it for that purpose. It's not for nothing that certain countries have been accumulating billions worth of Gold in recent years. Bitcoin is purely there to serve as an alternative. Bitcoin has turned out to be a great store of value tool as well, and it has been a fantastic investment tool, plus it has been a great tool to transfer money from one place to another. That however doesn't mean it will "destroy" Gold and turn into the number one investment tool. Calling something the number one investment tool is way too relative, as it then will need to outperform each and every investment, every year. Bitcoin is still having plenty of room for growth, but that's simply impossible.
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January 17, 2017, 11:02:54 AM
 #6493

how can you know thatgold is worth forever.

Gold has been serving as a valuable tool/currency for thousands of years. No reason to think it will change in the coming hundred or so years.

In the future, Bitcoin will certainly destroy gold and become the number one investment on this planet

Where you get that confidence from? Gold is an asset that mostly functions as a very long term store of value tool, where even governments are using it for that purpose. It's not for nothing that certain countries have been accumulating billions worth of Gold in recent years. Bitcoin is purely there to serve as an alternative. Bitcoin has turned out to be a great store of value tool as well, and it has been a fantastic investment tool, plus it has been a great tool to transfer money from one place to another. That however doesn't mean it will "destroy" Gold and turn into the number one investment tool. Calling something the number one investment tool is way too relative, as it then will need to outperform each and every investment, every year. Bitcoin is still having plenty of room for growth, but that's simply impossible.

Bitcoin will certainly not destroy gold, at least, not today or tomorrow

But how much generic individuals are interested in gold as a long-term store of value (not as jewelry)? There are gold bugs of course, but if gold continues to underperfom as it has been for over 30 years (even despite all QEs and market crashes), even these may eventually lose their interest. On the other hand, gold has in fact been a valuable store of value for thousands of years, but was there enough competition during these times among different means of preserving value? I guess there was none, that's why today it is different from what it has been in the past

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January 17, 2017, 01:25:20 PM
 #6494

i prefer gold in terms of investment because i don't want high risk in my investment although gold can't give a lot profit but gold can provide safety to the value of investments. for anything other than investments I prefer bitcoin than others bitcoin give a future to which have it
Gold is appropriate for long term investment because gold is worth forever. You have to carefull about the imitation of gold. I do not have a lot of money so I just invest in bitcoin.
how can you know thatgold is worth forever. I think Bitcoin is valuable, too. Since we are living in a technological world, Bitcoin is worth than gold because it still has much time to grow up and develop. In the future, Bitcoin will certainly destroy gold and become the number one investment on this planet

I am confident that the Bitcoin never destroy gold. Confidence in gold evolved hundreds of years. A Bitcoin just appeared. There will always be some investors who prefer gold, and some - who invest in cryptocurrency
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January 17, 2017, 04:28:45 PM
 #6495

i prefer gold in terms of investment because i don't want high risk in my investment although gold can't give a lot profit but gold can provide safety to the value of investments. for anything other than investments I prefer bitcoin than others bitcoin give a future to which have it
Gold is appropriate for long term investment because gold is worth forever. You have to carefull about the imitation of gold. I do not have a lot of money so I just invest in bitcoin.
how can you know thatgold is worth forever. I think Bitcoin is valuable, too. Since we are living in a technological world, Bitcoin is worth than gold because it still has much time to grow up and develop. In the future, Bitcoin will certainly destroy gold and become the number one investment on this planet

I am confident that the Bitcoin never destroy gold. Confidence in gold evolved hundreds of years. A Bitcoin just appeared. There will always be some investors who prefer gold, and some - who invest in cryptocurrency

If time is the only thing slowing down bitcoin from overtaking gold, we're in very good shape because one thing that we know for sure is going to happen (for now) is that time will continue to move forward.
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January 17, 2017, 05:23:03 PM
 #6496

I thing there don't need any argument which is the best investment.Bitcoin is the internet based digital crypto currency.Also bitcoin has a great future.Nowadays,bitcoin is a common payment processor most of place.Everyone going to bitcoin that's why not only continuously growing a big industry but also waiting a good profit in coming days.

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January 17, 2017, 08:26:05 PM
 #6497

i prefer gold in terms of investment because i don't want high risk in my investment although gold can't give a lot profit but gold can provide safety to the value of investments. for anything other than investments I prefer bitcoin than others bitcoin give a future to which have it
Gold is appropriate for long term investment because gold is worth forever. You have to carefull about the imitation of gold. I do not have a lot of money so I just invest in bitcoin.
how can you know thatgold is worth forever. I think Bitcoin is valuable, too. Since we are living in a technological world, Bitcoin is worth than gold because it still has much time to grow up and develop. In the future, Bitcoin will certainly destroy gold and become the number one investment on this planet

maybe gold is an old investment but bitcoin is for future investment because from now on and future, the technology will growth and everyone will thinking about it and for people which want to make investment, then i think he should thinking to make investment with bitcoin because bitcoin can give much of benefit for that person.
yes old is Gold and Gold will remain Gold for ever. i think both are good both have their good points. gold is good for saving while trading is supperb for making money, if you have invested your money in bitcoin it can give you a good profit if the price of bitcoin goes high.

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January 17, 2017, 08:59:07 PM
 #6498

Gold is a great asset if you are no into risk, which is why hold gold, however bitcoin is an greater asset when it comes down to potential,earnings and innovation.
Which is why most of my assets are into bitcoin.
I agree that bitcoin potential to grow our money, although the price of gold is more stable than bitcoin but needs really big xapital and extra security to holding gold. Also if we want to gain profit from it, we have to wait in a few years to get significant profit. I think holding gold is good for rich people. Anyone can hold bitcoin, the volatility makes the holder can get good profit even do not only have small capital. For me bitcoin is better.
Bitcoin is for the majority while gold is for the minority or the rich people. It's true, the convenience in terms of security belongs to bitcoin as we do not need to spend another expenses just to secure since wallets are free online and we can spread our deposits with different wallets provider.

I am also making a journey here in the crypto world and even if I will be successful here and I can afford to invest with gold, I will still prefer with bitcoin.
I do not agree with what you said, I think everyone can invest in both these investments, merely profits it all depends on how much you invest and true what you say when bitcoin does not require secure storage such as a safety box.

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January 17, 2017, 09:02:46 PM
 #6499

Since the question of the op is to convert to either gold or bitcoin and then keep it there for 10 years I will choose gold because I have not an idea of what value bitcoin will have in the long term, but if I could convert it back to fiat when there were price increases and then buy when the price is lower I will choose bitcoin.

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January 17, 2017, 09:55:51 PM
 #6500

Since the question of the op is to convert to either gold or bitcoin and then keep it there for 10 years I will choose gold because I have not an idea of what value bitcoin will have in the long term, but if I could convert it back to fiat when there were price increases and then buy when the price is lower I will choose bitcoin.
but you should know that the future of bitcoin may be brighter you could see mass adoption of bitcoin is quite nice, with a very nice bitcoin accepted by the world community, I believe bitcoin has good prospects, probably better than gold
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