Bitcoin or gold?

[Amph]

personally if i had 1M i would retire and close all this shit all together

Hmm... if you are in your 60s, or 70s, then I think it'll be OK if you retire. But on the other hand, if you are in your 30s, then it will be a very bad idea. With the current rate of inflation, your savings will be gone in 25 or 30 years time, and by the time you reach 60 years of age, you'll be left penniless and broke.

i don't think so, it depend on much you spend, honestly, for example i'm not spending more than 5k euro per year, this mean that 1M is more than enough to retire for me

i can live for 200 years without doing nothing, yeah you need to consider any issues that may arise in the course of your life, but still i have a big margin, and surely i don't need to live for 200 years lol

obviously i'm not taking in consideration the need to buy an house

[JamesCB]

I' do both, but take bitcoin over gold simply because I'm a pyschic and I see that in 10 years, Bitcoin would be worth 100million each.

I think that's a little overestimated amount.

[gentlemand]

I' do both, but take bitcoin over gold simply because I'm a pyschic and I see that in 10 years, Bitcoin would be worth 100million each.

I think that's a little overestimated amount.

He's a psychic on the internet. What further proof do you need? Sheesh.

[bryant.coleman]

i don't think so, it depend on much you spend, honestly, for example i'm not spending more than 5k euro per year, this mean that 1M is more then enough to retire for me

i can live for 200 years without doing nothing, yeah you need to consider any issues that may arise in the course of your life, but still i have a big margin, and surely i don't need to live for 200 years lol

You are still not considering the effect of inflation.

For example, the purchasing power of the US Dollar has declined by an average of 3.1% per year, during the 1900-2015 period. So if you are having $1 million with you, you will be able to survive for some 60 years more. If you are 25 years old now, you will be able to survive for up to 85 years (considering that you are spending some $6,000 per year now). But can you live comfortably on $6,000 per year, after paying the wealth and property tax?

[GiocareHost]

Of course Gold.
Bitcoin will be dead in the next 10 years(Damn those Chinese banks!).

[gripflierGO]

Of course Gold.
Bitcoin will be dead in the next 10 years(Damn those Chinese banks!).

Gold would be always better option over the bitcoin as bitcoin is very new to the people as so many of them are not aware about the bitcoin and they will not take risk by investing in something that they really don't know So they would choose gold rather than going for a risky investment.

[dominicg]

I will choose Bitcoin. This is the currency here to stay for a long long time. Surely, in a year or two it will establish itself in the e-commerce market and then you will be able to buy from bitcoins, which you cannot do it by keeping gold.

Bitcoin and gold are having different functions, and therefore I don't know whether we can compare both of them. Bitcoin is a currency, which should be used for day-to-day expenses. On the other hand, gold is an investment asset, for which the main function is the protection of wealth. (That said, Bitcoin can be used for protecting the wealth as well, but it is it's secondary function).

Well gold has been used for day-to-day bargains. It is still being functioned as the same in some countries. But soon the gold-mines will get exhausted and most of the gold we will see will be either in government banks or in computers. But bitcoin or a crytocurrecy will stay.

[jayce]

I will choose Bitcoin. This is the currency here to stay for a long long time. Surely, in a year or two it will establish itself in the e-commerce market and then you will be able to buy from bitcoins, which you cannot do it by keeping gold.

Bitcoin and gold are having different functions, and therefore I don't know whether we can compare both of them. Bitcoin is a currency, which should be used for day-to-day expenses. On the other hand, gold is an investment asset, for which the main function is the protection of wealth. (That said, Bitcoin can be used for protecting the wealth as well, but it is it's secondary function).

Well gold has been used for day-to-day bargains. It is still being functioned as the same in some countries. But soon the gold-mines will get exhausted and most of the gold we will see will be either in government banks or in computers. But bitcoin or a crytocurrecy will stay.

So, if in future there is no any gold-mining more, I think the price will go higher and the gold handler can be rich immediately. There are some factors that can affect btc price, and we don't know whether in future the price will raise or drop because of the factors.

[rayhan]

I will choose Bitcoin. This is the currency here to stay for a long long time. Surely, in a year or two it will establish itself in the e-commerce market and then you will be able to buy from bitcoins, which you cannot do it by keeping gold.

Bitcoin and gold are having different functions, and therefore I don't know whether we can compare both of them. Bitcoin is a currency, which should be used for day-to-day expenses. On the other hand, gold is an investment asset, for which the main function is the protection of wealth. (That said, Bitcoin can be used for protecting the wealth as well, but it is it's secondary function).

Well gold has been used for day-to-day bargains. It is still being functioned as the same in some countries. But soon the gold-mines will get exhausted and most of the gold we will see will be either in government banks or in computers. But bitcoin or a crytocurrecy will stay.

So, if in future there is no any gold-mining more, I think the price will go higher and the gold handler can be rich immediately. There are some factors that can affect btc price, and we don't know whether in future the price will raise or drop because of the factors.

Or it might go in reversal. Due to lack of gold, governments might scrap it totally and make it worthless. On the other hand, because of the factors affecting the bitcoin prices, governments might accept it completely and bring them in the mainstream economy.

[jayce]

I will choose Bitcoin. This is the currency here to stay for a long long time. Surely, in a year or two it will establish itself in the e-commerce market and then you will be able to buy from bitcoins, which you cannot do it by keeping gold.

Bitcoin and gold are having different functions, and therefore I don't know whether we can compare both of them. Bitcoin is a currency, which should be used for day-to-day expenses. On the other hand, gold is an investment asset, for which the main function is the protection of wealth. (That said, Bitcoin can be used for protecting the wealth as well, but it is it's secondary function).

Well gold has been used for day-to-day bargains. It is still being functioned as the same in some countries. But soon the gold-mines will get exhausted and most of the gold we will see will be either in government banks or in computers. But bitcoin or a crytocurrecy will stay.

So, if in future there is no any gold-mining more, I think the price will go higher and the gold handler can be rich immediately. There are some factors that can affect btc price, and we don't know whether in future the price will raise or drop because of the factors.

Or it might go in reversal. Due to lack of gold, governments might scrap it totally and make it worthless. On the other hand, because of the factors affecting the bitcoin prices, governments might accept it completely and bring them in the mainstream economy.

Yeah, if the government can scrap the gold, so they can do that to bitcoin too if they get controlling about it. That's why the bitcoin can't cooperate with government since it decentralized.

[arallmuus]

Bitcoin and gold are having different functions, and therefore I don't know whether we can compare both of them. Bitcoin is a currency, which should be used for day-to-day expenses. On the other hand, gold is an investment asset, for which the main function is the protection of wealth. (That said, Bitcoin can be used for protecting the wealth as well, but it is it's secondary function).

Due to this volatililty , your statement is true. However on another note, BTC could be an investment asset as well if there is a more stable price for the market also that in term of security , it is much more easier to secure your own BTC than securing your gold .

So, if in future there is no any gold-mining more, I think the price will go higher and the gold handler can be rich immediately.

Basic law of Economic, yes only if there is a demand for gold otherwise no the price will still be the same

There are some factors that can affect btc price, and we don't know whether in future the price will raise or drop because of the factors.

Consider BTC as a goods then you could apply economic law as well, Demands and supply. That would be the factor to consider (theorethically) however there are more things to consider as well, basically halving could be a factor that may help the price to raise or to plummet down

Due to lack of gold, governments might scrap it totally and make it worthless.

This is complete nonsense. Basically no one would do this as it serves no purposes . It is completely nonsense that someone would make something that valuable into a worthless piece of metal . Also with basic economics law, lower supply and higher demands will drive the price to be higher instead

[Amph]

i don't think so, it depend on much you spend, honestly, for example i'm not spending more than 5k euro per year, this mean that 1M is more then enough to retire for me

i can live for 200 years without doing nothing, yeah you need to consider any issues that may arise in the course of your life, but still i have a big margin, and surely i don't need to live for 200 years lol

You are still not considering the effect of inflation.

For example, the purchasing power of the US Dollar has declined by an average of 3.1% per year, during the 1900-2015 period. So if you are having $1 million with you, you will be able to survive for some 60 years more. If you are 25 years old now, you will be able to survive for up to 85 years (considering that you are spending some $6,000 per year now). But can you live comfortably on $6,000 per year, after paying the wealth and property tax?

-snip-

yes i can, but only because i don't have a family to sustain(and i'm not so stupid to build one)

if you are alone, you can live with 5k per year without any problem(taxes included)

the problem about inflation is true, but i can always invest in something that do not have this problem, like for example..bitcoin, gold could also be a good investments, basically everything that do not lose value because it is printed out of thin air

[torrentheaven]

Bitcoin and gold are having different functions, and therefore I don't know whether we can compare both of them. Bitcoin is a currency, which should be used for day-to-day expenses. On the other hand, gold is an investment asset, for which the main function is the protection of wealth. (That said, Bitcoin can be used for protecting the wealth as well, but it is it's secondary function).

Due to this volatililty , your statement is true. However on another note, BTC could be an investment asset as well if there is a more stable price for the market also that in term of security , it is much more easier to secure your own BTC than securing your gold .

So, if in future there is no any gold-mining more, I think the price will go higher and the gold handler can be rich immediately.

Basic law of Economic, yes only if there is a demand for gold otherwise no the price will still be the same

There are some factors that can affect btc price, and we don't know whether in future the price will raise or drop because of the factors.

Consider BTC as a goods then you could apply economic law as well, Demands and supply. That would be the factor to consider (theorethically) however there are more things to consider as well, basically halving could be a factor that may help the price to raise or to plummet down

Due to lack of gold, governments might scrap it totally and make it worthless.

This is complete nonsense. Basically no one would do this as it serves no purposes . It is completely nonsense that someone would make something that valuable into a worthless piece of metal . Also with basic economics law, lower supply and higher demands will drive the price to be higher instead

Yes and both the products don't guarantee you the 100% success rate as the nature of both is volatile and no one can be sure that which product would be more profitable in future. It is just like Wait N Watch.

[AlexGR]

Bitcoin is backed by the same thing that backs gold:  A group of people willing to buy it at various price points and another group willing to sell it.  Also known as supply and demand.

Plus mining expenses / energy expenses.

(fiat currency has near zero "mining" expenses)

As a side note

Indeed it doesn't take much for banks to create new money, but you shouldn't forget that bitcoin mining expenses are the same expenses that are required to keep the network going while to keep the fiat flowing you need a lot more than just that...

Yes, actually you need to suppress gold, silver and bitcoin, manipulate the stock markets, interest rates, FOREX and wage wars against those that want to doubt fiat money

[cjrosero]

Gold Still Gold Gold has a high value and can store it physically while bitcoin when there is no electric running to it it wont work you dont have bitcoin . . That is why choose GOld!

[umaOuma]

Gold Still Gold Gold has a high value and can store it physically while bitcoin when there is no electric running to it it wont work you dont have bitcoin . . That is why choose GOld!

Both are good tool for investments and but need to diversify the investments part in bitcoin and part in gold as you never know about the future so either any one of them would prove to be an profitable investment in future.

[techgeek]

in my eyes, I dont think it acts like gold.

Yes, its value is rare and all that and hedged against fiat. But to me it acts more of a money transmitter then anything else.

Similar to moneygram etc.

[lissandra]

in my eyes, I dont think it acts like gold.

Yes, its value is rare and all that and hedged against fiat. But to me it acts more of a money transmitter then anything else.

Similar to moneygram etc.

You may not seem like it acts gold, but most people already see it that way.  I think for your comments on being a moneytransmitter is like a 50/50 if the demand is there more for moving money, but theres no source that shows that.

[Btree]

Gold is better than Bitcoin
we can see we can hold it with our hands and real

[bryant.coleman]

yes i can, but only because i don't have a family to sustain(and i'm not so stupid to build one)

if you are alone, you can live with 5k per year without any problem(taxes included)

the problem about inflation is true, but i can always invest in something that do not have this problem, like for example..bitcoin, gold could also be a good investments, basically everything that do not lose value because it is printed out of thin air

Investing in Gold might be OK, as the supply is more or less limited. However, investing in Bitcoin might create problems, if it is replaced by some other crypto-currency later. If that happens, you might lose all of your savings. It will be better to invest no more than 10% of the net wealth in High-risk investments such as Bitcoin.