Bitcoin or gold?

[ctblizzard]

Bit coin or gold?

I would say Bitcoin but only for a modest/gold like percentage of your portfolio. Both have risks.

Why Bitcoin? Well for one, Bitcoin has a fixed upper limit of 21 million coins. Gold, while rare can continue to be mined/extracted from numerous places. The price goes up, more is mined etc. Sorta like the "oil shortage" we were convinced we had when oil was 140 bucks a barrel in 2008. There is more oil than we know how to store right now and China and the world economy is using more than than in 2008.

Having that fixed limit of 21 million bitcoins with about 14-15 million already in circulation makes this interesting. By about 2030 95% of all bitcoins ever mined will be in circulation. Of course there are "lost bitcoins" out there which reduce this number (saw this on another  thread).

I received my first 5 bucks worth of bitcoins as a freebie with a  10 dollar book on bitcoin LOL. That 5 dollars is worth about 30 now. I add a little each week. I see it as a potentially good investment.

What I do not see so clearly is the compelling reason to "spend" or "use" bitcoins to buy things. I mean if you think bitcoins will go up in value why spend an appreciating asset as opposed to Fiat which depreciates. Also fees are creeping into the system of bitcoin, just like they do everywhere. Where there is an advantage is with merchants that wont have to pay the full mc/visa/amex merchant fees etc But with options limited on where to spend bitcoin and even if it was as easy as taking a bitcoin auto converting credit card to spend with I just do not see the big push "reason" for people to do so, at least here in the US.

I have done pretty well with bitcoin so far, heck even the magazines I bought, read and resold for more than what I paid for them. Wish everyone luck.

my prediction is that as the rate of bitcoin production decreases in the coming few years as we get nearer to the 21 million limit the price goes up substantially.

[sirohige]

I think 2016 will be a good year for gold and bitcoin too.

of course yes for bitcoin, because we know in 2016 halving blok will be come to bitcoin, and im sure it's give some influences in bitcoin price,
but Im not sure for gold, what happen about gold in 2016 ? any news

[caliboy37]

I think gold is the only things that Bitcoin can't beat. It's synonym of success.

[redhack]

Right now heavily Bitcoin. But sometimes I trade gold, too. Gold have always value, Bitcoin is the gold of the internet.

[Amph]

I think gold is the only things that Bitcoin can't beat. It's synonym of success.

let's not compare them now, i would wait for bitcoin to grow first, and then you can compare, i'm sure bitcoin have a high chance of betting gold if everyhting is settled right, because bitcoin besides speculatin purpose can be used greatly to buy stuff

this is not really true for gold

[jt byte]

I would choose for Bitcoin but in this time both is also good. And just have other money than Bitcoin, because is not that stable we don't know what will happend in the future.

[Vaoric]

Both are good investments. Let's say you got some money left and you can buy bitcoin or gold. Those options are really hard for me since gold has been around longer

[raaajlucky]

Both are good investments. Let's say you got some money left and you can buy bitcoin or gold. Those options are really hard for me since gold has been around longer

Yes one should diversify their investment to reduce the risks. So one should put money in all investments products not only bitcoin or gold. But also look into real estate and share market investments.

[ThePlan]

Tough decesion, I would rather say combination of both. I like bitcoin technology, but gold is simply...gold 

[avw1982]

if i should convert all my wealt to bitcoin or gold,i will pick gold for now,because on my country,gold more popular and tradable than bitcoin,for now..
but if you ask me 5 year later,i will pick bitcoin,and i think you know what my reason.

Whenever Bitcoin is best choice dude because Rate would increase very fast than gold and there no charges like in gold for making and other. Due to transparency and convenience to the bitcoin user. I would suggest anyone to go with Bitcoin only. For now and ever.

[Scream]

Bitcoin is Best choice for me
it's like everything for me

everyday im earning bitcoin and im never think someday i will sell my bitcoin and buying gold

[Flash1997]

Gold is the safest choise, bitcoin fluctuate much.

[Scream]

Gold is the safest choise, bitcoin fluctuate much.

simple Question
if you have $10M you will buy gold ? where you will save your gold ? in bank ? and you must pay the cost of storage in bank vaults every year 

think again, choose bitcoin

[ajun96]

Gold is the safest choise, bitcoin fluctuate much.

simple Question
if you have $10M you will buy gold ? where you will save your gold ? in bank ? and you must pay the cost of storage in bank vaults every year 

think again, choose bitcoin

both is have advantages, if i have $10m i will not to buy gold very complicated, and risky to buy bitcoin, if price down, you will be dizzy 

[Scream]

Gold is the safest choise, bitcoin fluctuate much.

simple Question
if you have $10M you will buy gold ? where you will save your gold ? in bank ? and you must pay the cost of storage in bank vaults every year 

think again, choose bitcoin

both is have advantages, if i have $10m i will not to buy gold very complicated, and risky to buy bitcoin, if price down, you will be dizzy 

bitcoin is about technology not always about "price"
so im prefered you to learn more about bitcoin

In bitcoin we trust

[Amph]

Gold is the safest choise, bitcoin fluctuate much.

the fluctuation is what will make you rich in the end if you choose bitcoin, with gold you need to leverage like crazy and still you would gain less, because of the silly spread

[Mickeyb]

Gold is the safest choise, bitcoin fluctuate much.

simple Question
if you have $10M you will buy gold ? where you will save your gold ? in bank ? and you must pay the cost of storage in bank vaults every year 

think again, choose bitcoin

both is have advantages, if i have $10m i will not to buy gold very complicated, and risky to buy bitcoin, if price down, you will be dizzy 

bitcoin is about technology not always about "price"
so im prefered you to learn more about bitcoin

In bitcoin we trust

Especially it shouldn't be about price at this moment when it is being developed and it's still in beta! But OK, we must evaluate everything through dollars nowadays!

This is one thing that Internet didn't have when it showed up and when it was developed heavily in the first years, it didn't have a dollar sign on its back like Bitcoin has all this time!

[markj113]

Gold is the safest choise, bitcoin fluctuate much.

simple Question
if you have $10M you will buy gold ? where you will save your gold ? in bank ? and you must pay the cost of storage in bank vaults every year  

think again, choose bitcoin

Well thats a realistic scenario most of us worry about every night in bed  

If you had $10M and put it all in bitcoin you are retarded, im sure most of the die hard bitcoin fans would agree.

[ajun96]

Gold is the safest choise, bitcoin fluctuate much.

simple Question
if you have $10M you will buy gold ? where you will save your gold ? in bank ? and you must pay the cost of storage in bank vaults every year 

think again, choose bitcoin

both is have advantages, if i have $10m i will not to buy gold very complicated, and risky to buy bitcoin, if price down, you will be dizzy 

bitcoin is about technology not always about "price"
so im prefered you to learn more about bitcoin

In bitcoin we trust

yeah i know that, many people choosing bitcoin because the technology like anonym and fast transaction, and many others but if the bitcoin doesn't  have a price,
its would be irrelevant,
prices also influence why people choosing bitcoin, 

[Piltover]

I would go for gold, since I am a gold lover. With more merchants and services to come, bitcoin would win for me.

But till these day i go with my gold.