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Author Topic: Bitcoin or gold?  (Read 984455 times)
birdcat90
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October 10, 2015, 07:03:14 AM
 #1381

i will choose for gold..because gold has physical thing that bitcoin doesnt has...

gold will always be a safe haven..but i dont know the future of bitcoin...both can be good investment

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October 10, 2015, 07:19:33 AM
 #1382

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 prefer gold over bitcoin cuz buying and owning gold here on my place needs requirements , papers and documents which is kinda hassle for me compared when buying, selling and obtaining bitcoin. I can buy and sell bitcoin in just hours without providing any personal details. I also find bitcoin convenient and easy to use. Lastly , I chose bitcoin also cuz we're bitcointalk Grin

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October 10, 2015, 09:56:37 AM
 #1383

This is the difference between gold and bitcoin.
Gold's price increases.
Bitcoin's price decreases.


yeah that is fact, bitcoin each year continues to weaken the price
in contrast to gold, which each year can go up but it can also go down
but important, price each year does not always go down

Bitcoin is still considered as new currency or commodity and do not have any solid base to decide on price but it only depends on demand and supply so its prices are quite volatile and it can move any direction quite fast. But gold has solid history of giving profits over the time and its prices will not move so fast so gold considered as better investment option for long time. I put my small portion money in bitcoin but most in gold.
yeah gold have solid history,

What do you think bitcoin could be like gold?

Your affirmation is not at all true (the affirmation of the first post quoted by all the others after it). It is wrong. The real data about the trend of price of gold and bitcoins shows the opposite of what you write. Gold prices is decreased the lasts (near) five years. The bitcoin price it is stabilized in almost one year. See the charts below about what I wrote.

Price of bitcoin in 2015:






Price of gold in the last 5 years:


Denker
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October 10, 2015, 11:20:59 AM
 #1384

i will choose for gold..because gold has physical thing that bitcoin doesnt has...

gold will always be a safe haven..but i dont know the future of bitcoin...both can be good investment

So you choose gold because you can touch it? Makes sense. Cheesy
No serious I think this shouldn't be a reason any more in todays's world.
Bitcoin is limited in supply and gold is limited in a way as well. So both are sharing the same feature here.
Bitcoin however has the advantage to be way easier to transport.
jt byte
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October 10, 2015, 12:17:11 PM
 #1385

Love gold, but moves slowly and im a risk taker so for me is bitcoin as it came in handy a few times without fail

hemm bitcoin can use every where and very simple than gold Smiley
that why i love bitcoin

bitcoin can send without face2face not like gold

You can also spend gold but that would be hard to sell for the market price.
Since every exchange wants to get more and more profit, but bitcoin is more easy.
You can pay for services, buy sell things very easy rather with gold.
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October 10, 2015, 12:54:36 PM
 #1386

Bitcoin due to wild fluctuations and how gold value just doesn't change that much.
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October 10, 2015, 01:16:45 PM
 #1387

Bitcoin due to wild fluctuations and how gold value just doesn't change that much.
gold is fairly safe. but if looking for a profit, you should have some bitcoin.
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October 10, 2015, 02:43:53 PM
 #1388

Bitcoin due to wild fluctuations and how gold value just doesn't change that much.

Well, gold's value does change. Its value has been rising since the dawn of humanity.
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October 10, 2015, 04:22:00 PM
 #1389

Bitcoin due to wild fluctuations and how gold value just doesn't change that much.
gold is fairly safe. but if looking for a profit, you should have some bitcoin.
+1 Basically what I meant. Smiley



Bitcoin due to wild fluctuations and how gold value just doesn't change that much.

Well, gold's value does change. Its value has been rising since the dawn of humanity.
Well even though it does change, it doesn't change as much as BTC. Smiley
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October 10, 2015, 06:42:17 PM
 #1390

Bitcoin due to wild fluctuations and how gold value just doesn't change that much.

If you look at the all time graph on gold you will see a very smooth logarithmic curve with upwards tendency, it has done what Bitcoin did but in a decade. When we go past 1K again and beyond the gold guys will be depressed at how slow gold is. I guess they will cope with it saying how stable it is..
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October 10, 2015, 11:36:01 PM
 #1391

yeah gold have solid history,

What do you think bitcoin could be like gold?

Your affirmation is not at all true (the affirmation of the first post quoted by all the others after it). It is wrong. The real data about the trend of price of gold and bitcoins shows the opposite of what you write. Gold prices is decreased the lasts (near) five years. The bitcoin price it is stabilized in almost one year. See the charts below about what I wrote.

Price of bitcoin in 2015:




Price of gold in the last 5 years:



Oh I'm sorry i just now if price of gold fell each year,
in contrast to bitcoin, you look at his stats
what is arguably bitcoin could be better than gold?
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October 11, 2015, 12:27:55 AM
 #1392

yeah gold have solid history,

What do you think bitcoin could be like gold?

Your affirmation is not at all true (the affirmation of the first post quoted by all the others after it). It is wrong. The real data about the trend of price of gold and bitcoins shows the opposite of what you write. Gold prices is decreased the lasts (near) five years. The bitcoin price it is stabilized in almost one year. See the charts below about what I wrote.

Price of bitcoin in 2015:




Price of gold in the last 5 years:



Oh I'm sorry i just now if price of gold fell each year,
in contrast to bitcoin, you look at his stats
what is arguably bitcoin could be better than gold?
now yes bitcoin is better than gold but gold price will increase again soon and i think it's easy to sell gold in every place you live
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October 11, 2015, 12:33:48 AM
 #1393

Love gold, but moves slowly and im a risk taker so for me is bitcoin as it came in handy a few times without fail




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Yes, gold always moves slow that's why whenever their is a share market crash people will rush to the so called safe haven is gold investments. I think even though gold price movement slow but if you look at around 20+ years it has given better returns compared to share market investments so for non risk takers it will be very good investment option.
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October 11, 2015, 08:43:35 AM
 #1394

I would like to get gold but I have mainly btc or btc assets in my savings. I think we should always hold a bit of both in long term savings plans. I want to get enough gold to be at part with my bitcoin amount but it will take time to earn money to buy it because bitcoin for me is more flexible, I tend to invest and buy btc instead.


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October 11, 2015, 10:19:52 AM
 #1395

both but mainly gold.gold is in your hands but btc is no more when internet collapses.

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October 11, 2015, 12:28:27 PM
 #1396

I would like to get gold but I have mainly btc or btc assets in my savings. I think we should always hold a bit of both in long term savings plans. I want to get enough gold to be at part with my bitcoin amount but it will take time to earn money to buy it because bitcoin for me is more flexible, I tend to invest and buy btc instead.

It's always wise to hold some precious metals, because the counterparty risk is nonexistent. With Bitcoin there is still the possibility of errors or dispute in the software development process that could make your holdings worthless. With PM you hold a physical asset that can't be altered.

I agree that Bitcoin is much more convenient in terms of fungibility. But people have become quite lazy when it comes to trade. So I don't think that buying and selling something (PM) in person should be an obstacle. So PM's are one of the most fungible physical assets I know. You will always be able to get something for your gold coins - even more so, when the effects of monetary inflation will become apparent.

So buying gold and - not to forget - some silver is a very wise decision.

ya.ya.yo!

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October 11, 2015, 01:10:00 PM
 #1397

both but mainly gold.gold is in your hands but btc is no more when internet collapses.
absolutely right, if there is no internet connection we can not shop with bitcoin  Grin Grin

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October 11, 2015, 01:39:46 PM
 #1398

I'm going for Bitcoins. I like the risk factor of dealing with Bitcoins and it'll be fun to trade with.
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October 11, 2015, 02:04:13 PM
 #1399


If used as a currency I choose Bitcoin. Dividing gold bars and coins could be tricky.

With Bitcoin this is not an issue. With gold just one small coin is hundreds of dollars! Not practical and I wouldn't wanna carry that about.

Btw. I hold gold, silver and btc.
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October 11, 2015, 02:07:45 PM
 #1400

both but mainly gold.gold is in your hands but btc is no more when internet collapses.

Ultimate answer. Gold is always best selection for investments. I like gold always but buy btc for short term profits.
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