Bitcoin or gold?

[bryant.coleman]

Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.

Producing electricity is not very difficult, even during major warfare. Portable solar mobile chargers are available from Amazon for as little as $5 per piece. But these devices need frequent maintenance, and it will be better if you could store the manuals and tutorials carefully. Survival will be tough during the WW3. You need to push it really hard, in order to survive.

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[justdimin]

It's just a guess and only gold in reality can be much more stable than the bitcoin.

No doubt about this that gold is more stable than bitcoin, in fact gold is present for long long time while bitcoin is a new currency so bitcoin is very much unstable. But it is also reality that the profit that bitcoin can give you, I do not think that anything else can give you. As I am interested to invest my money, bitcoin is a best option with me and I will always choose bitcoin instead of gold.

[ged00u]

It's just a guess and only gold in reality can be much more stable than the bitcoin.

No doubt about this that gold is more stable than bitcoin, in fact gold is present for long long time while bitcoin is a new currency so bitcoin is very much unstable. But it is also reality that the profit that bitcoin can give you, I do not think that anything else can give you. As I am interested to invest my money, bitcoin is a best option with me and I will always choose bitcoin instead of gold.

Bitcoin is unstable but as you can see, the prices always go up no matter how many times it has been dropped. Therefore, risk takers live to make money with Bitcoin. Many people have become rich just with buying and selling Bitcoin. Well, I have to learn this method to have some stable income lol. Actually, I do not like gold since it is physical and moreover, we can not use it as a type of currency.

[bryant.coleman]

Bitcoin is unstable but as you can see, the prices always go up no matter how many times it has been dropped.

No. There is no guarantee for that. For example, the exchange rates touched a peak of $1,230+ in 2013 December. Almost four years have passed, and we are yet to witness exchange rates at those levels (although now it is getting quite close). Have you imagined the situation of those who purchased Bitcoins back in 2013, for $1,230 per coin?

[whizter]

I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.

It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.

You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.

I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.

But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.

OP just inquiring about investing in bitcoin and gold, which is best? but I think you also have to look for other potential investments, and not a problem to use gold and bitcoin to invest

yes no dount that there are so many other opportunities of investment a trading but i think OP just comparing the two and want to know that in these two which one is more profitable. to me i think both are valuable investment but i think bitcoin have the edge that its value increase very rapidly therefore there are more chance that bitcoin will give you more profit as compare to gold.

It's just a guess and only gold in reality can be much more stable than the bitcoin.

yes gold is more stable but i think bitcoin is more good for investment and making money as gold is only good for holding your money safe but if you are interested in investment then you have the only choice and that is bitcoin.

Bitcoin is good according to the price and his volatility. but the gold already lived from a long time ago. but bitcoin already existed on the every century.  and we are know how the communities were seeing it. that was very valuable to keep it for the long term investment.

but even after a long period of investment i do not think that we can expect a good profit from gold that we can expect from bitcoin just in days. therefore to me the best investment in present time is bitcoin and not gold.

[Bitcoinsummoner]

Bitcoin is unstable but as you can see, the prices always go up no matter how many times it has been dropped.

No. There is no guarantee for that. For example, the exchange rates touched a peak of $1,230+ in 2013 December. Almost four years have passed, and we are yet to witness exchange rates at those levels (although now it is getting quite close). Have you imagined the situation of those who purchased Bitcoins back in 2013, for $1,230 per coin?

Well i think it will not be the same as 2013 happen that the price hit the price and crash that i think for now its impossible to happen because we are already growing and more people are holding large amount of bitcoin and many people also are using bitcoin they can manipulate the price of bitcoin since we are growing the price gradually increasing..

[bryant.coleman]

Well i think it will not be the same as 2013 happen that the price hit the price and crash that i think for now its impossible to happen because we are already growing and more people are holding large amount of bitcoin and many people also are using bitcoin they can manipulate the price of bitcoin since we are growing the price gradually increasing..

We didn't had any major Bitcoin robberies (such as the ones with Mt Gox and Sheep Marketplace) for some time now. And this has helped to retain the interest in Bitcoins. Also, the user base is slowly growing and getting more diversified as the early adopters are offloading a part of their coins. The more diversified the Bitcoin sector becomes, that much harder it gets to manipulate the exchange rates.

[Oggy1987]

Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.

Producing electricity is not very difficult, even during major warfare. Portable solar mobile chargers are available from Amazon for as little as $5 per piece. But these devices need frequent maintenance, and it will be better if you could store the manuals and tutorials carefully. Survival will be tough during the WW3. You need to push it really hard, in order to survive.

Glad to see someone really knows that its not that easy to cut down power to all world, and shut down internet. All talk about WWIII, I think it wont be anything similar to previous ones. Europe, North America and especially Australia should be rather safe to live in next decades, wars will be fought as now, Middle East and Africa.

[PetroffVany]

Now I do not have the opportunity to buy gold bullion. Buy the "gold" in the exchange, I do not want to, because it is absolutely not the asset that I would like to buy. But, I have the opportunity to buy Bitcoin. So now I invest in Bitcoin

[Sithara007]

Glad to see someone really knows that its not that easy to cut down power to all world, and shut down internet. All talk about WWIII, I think it wont be anything similar to previous ones. Europe, North America and especially Australia should be rather safe to live in next decades, wars will be fought as now, Middle East and Africa.

Not sure about the geography. In all probability, the United States will be one of the main belligerents in the WW3. Canada and Australia are some of the most loyal allies of the United States, and so are most of the Western European nations.

[1Referee]

I don't quite understand how this system works. If you can somehow restore the keys when your hardware wallet gets destroyed, at least two questions immediately come to my mind. First, if you can actually do that, why would you ever need a hardware wallet at all? And, second, if you can restore the keys without the wallet, why can't someone else do essentially the same without having access to the wallet (i.e. steal your coins)?

What am I missing in this "grand scheme of things"?

Everything has a certain risk involved, but it's simply impossible for Trezor as company to just discard the recovery seed and rely only on the device when it comes to the security. If something happens with the device, and can't get repaired, then the coins are gone, so something has to be done to recover your coins. Otherwise people won't bother to buy it, which I can of course understand. I would never put my entire trust in a single device that at any time could corrupt or just stop working. Once set up, the advantage is that you can use your device to transact with others without having to worry about any form of malware and stuff. As long as you just stick to writing down the recovery seed on a piece of paper, and hide it somewhere (offline) so that no one other than yourself can find it, it's probably one of the best security measures.

[deisik]

I don't quite understand how this system works. If you can somehow restore the keys when your hardware wallet gets destroyed, at least two questions immediately come to my mind. First, if you can actually do that, why would you ever need a hardware wallet at all? And, second, if you can restore the keys without the wallet, why can't someone else do essentially the same without having access to the wallet (i.e. steal your coins)?

What am I missing in this "grand scheme of things"?

Everything has a certain risk involved, but it's simply impossible for Trezor as company to just discard the recovery seed and rely only on the device when it comes to the security. If something happens with the device, and can't get repaired, then the coins are gone, so something has to be done to recover your coins. Otherwise people won't bother to buy it, which I can of course understand. I would never put my entire trust in a single device that at any time could corrupt or just stop working. Once set up, the advantage is that you can use your device to transact with others without having to worry about any form of malware and stuff. As long as you just stick to writing down the recovery seed on a piece of paper, and hide it somewhere (offline) so that no one other than yourself can find it, it's probably one of the best security measures

And how is that different from using a web wallet?

Or does it mean that they won't be able to restore the key without the seed? If so, I still don't see much sense in all this hassle with hardware wallets. Could you restore the key yourself without Trezor sticking around? If you can, how is this hardware wallet essentially different from a paper wallet and why all this fuss then? If you can't, what will happen if this company is gone for good? If device breaks and Trezor is no longer available, your coins will be lost?

[carlerha]

Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.

i think it is not good to think about ww3. because it can be the last war. i think every thing is ok now and we can expect that the minor issues that are between the countries will be solve very soon.

[Ewinsane]

I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.

It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.

You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.

I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.

But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.

OP just inquiring about investing in bitcoin and gold, which is best? but I think you also have to look for other potential investments, and not a problem to use gold and bitcoin to invest

yes no dount that there are so many other opportunities of investment a trading but i think OP just comparing the two and want to know that in these two which one is more profitable. to me i think both are valuable investment but i think bitcoin have the edge that its value increase very rapidly therefore there are more chance that bitcoin will give you more profit as compare to gold.

It's just a guess and only gold in reality can be much more stable than the bitcoin.

yes gold is more stable but i think bitcoin is more good for investment and making money as gold is only good for holding your money safe but if you are interested in investment then you have the only choice and that is bitcoin.

yeah you are right that bitcoin is good to make profit through invest your money in bitcoin but i do not compare bitcoin with gold because bitcoin is a crypto currency and we can use bitcoin for everything and gold is just a precious metal and gold can be just use for jewellary.

[1Referee]

And how is that different from using a web wallet?

Or does it mean that they won't be able to restore the key without the seed? If so, I still don't see much sense in all this hassle with hardware wallets. Could you restore the key yourself without Trezor sticking around? If you can, how is this hardware wallet essentially different from a paper wallet and why all this fuss then? If you can't, what will happen if this company is gone for good? If device breaks and Trezor is no longer available, your coins will be lost?

The recovery seed (which happens to be a long string of all kinds of words with a space in between each word) is some sort of a master key that includes all your private keys. In order to put your recovery seed to action to gain back access to your coins, you must do that in combination with a Trezor device. Without a Trezor device it's not possible to make use of the recovery seed. That's why it's adviced to have 2 Trezor devices, where 1 functions purely as a backup wallet.

[Pattart]

Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.

During any war have always been buyers of gold and Antiques. Another thing is that the price is very low and there is always the risk of becoming a victim of robbers, but when there is no food you have to risk. Bitcoin in time of war is not needed.

During a war, the gold is more valuable than the antiques.

even in war, gold will become very valuable because the value or rate the currency of one country may fall and many people will save their money by buying gold. bitcoin also potentially

[Rammortal]

I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.

It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.

You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.

I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.

But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.

OP just inquiring about investing in bitcoin and gold, which is best? but I think you also have to look for other potential investments, and not a problem to use gold and bitcoin to invest

yes no dount that there are so many other opportunities of investment a trading but i think OP just comparing the two and want to know that in these two which one is more profitable. to me i think both are valuable investment but i think bitcoin have the edge that its value increase very rapidly therefore there are more chance that bitcoin will give you more profit as compare to gold.

It's just a guess and only gold in reality can be much more stable than the bitcoin.

yes gold is more stable but i think bitcoin is more good for investment and making money as gold is only good for holding your money safe but if you are interested in investment then you have the only choice and that is bitcoin.

yeah you are right that bitcoin is good to make profit through invest your money in bitcoin but i do not compare bitcoin with gold because bitcoin is a crypto currency and we can use bitcoin for everything and gold is just a precious metal and gold can be just use for jewellary.

Bother are the different investement ways. I dont want to compare with each other. Its an investing part thats it. It is also important to note that Gold has evidence of reliability. The only similarities between digital currencies and gold is that they largely function outside the banking system  .

[Gwerrahar]

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.

I choose for the Bitcoin over gold because I believe that the Bitcoin will increase in value.
And maybe over 10 years the Bitcoin will be worth million.

[deisik]

And how is that different from using a web wallet?

Or does it mean that they won't be able to restore the key without the seed? If so, I still don't see much sense in all this hassle with hardware wallets. Could you restore the key yourself without Trezor sticking around? If you can, how is this hardware wallet essentially different from a paper wallet and why all this fuss then? If you can't, what will happen if this company is gone for good? If device breaks and Trezor is no longer available, your coins will be lost?

The recovery seed (which happens to be a long string of all kinds of words with a space in between each word) is some sort of a master key that includes all your private keys. In order to put your recovery seed to action to gain back access to your coins, you must do that in combination with a Trezor device. Without a Trezor device it's not possible to make use of the recovery seed. That's why it's adviced to have 2 Trezor devices, where 1 functions purely as a backup wallet

Honestly, that's ridiculous

Why have a master key if you could just set two Trezor devices to use the same private key and totally exclude the possibility of you losing the master key (and thus rendering you backup wallet totally useless)? By any means, that would be a more robust setup, at least, as long as any such setup can be considered robust at all (which they obviously can't). And if you have only one such device and it breaks, could you buy a new device and use it to restore the keys? If this is not possible, then we are basically back to square one, i.e. having the wallet irreparably broken effectively means that you lose your coins

[1Referee]

And if you have only one such device and it breaks, could you buy a new device and use it to restore the keys? If this is not possible, then we are basically back to square one, i.e. having the wallet irreparably broken effectively means that you lose your coins

I think you didn't really understood what I meant when I said that it's adviced to have 2 Trezor devices. In case of one device getting corrupted (breaks), then you will have to other (clean) Trezor device, which you can use to restore the keys from the corrupted device so you won't lose anything. That's the purpose of the recovery seed. If you just have one device, you must buy yourself a new one in case your device corrupts. If you just have the recovery seed, but no device, then there is no way you can recover your keys, and thus you have nothing. Having a second device as backup is recommended for that reason.