Bitcoin or gold?

[randchingo]

If you are keeping big amount of money then Gold is the best choice IMO, it's suitable for big amounts of money as there is less volatility and is more of saving than investing since you will most likely not make profit. BTC is a good short term high risk investment.

[pneumatic5]

If you are keeping big amount of money then Gold is the best choice IMO, it's suitable for big amounts of money as there is less volatility and is more of saving than investing since you will most likely not make profit. BTC is a good short term high risk investment.

Yeah, bitcoin is good when it comes to short term as it allows you to make some good profits in a quick time, while gold is time consuming, you need to have patience to earn profits from gold as it is not as volatile as bitcoins.

[Amph]

Gold is off to good start in 2016, end of the bear market?

i bet it will not return ever to its original peak, 2k per ounce, small correction and little pump here and there are normal

there are manipulators everywhere even in the gold market with its 7T marketcap

[markj113]

i bet it will not return ever to its original peak, 2k per ounce, small correction and little pump here and there are normal

there are manipulators everywhere even in the gold market with its 7T marketcap

No one has a crystal ball, plus everything will beat its all time high given enough time (although not in real terms)

You can just as easily say bitcoin will never ever return to its original peak and go to zero and the big exchanges and whales manipulate the bitcoin market.

The economic crisis is just warming up and the cash is flowing into gold driving the price up while at the same time the same cannot be said for Bitcoin with its  price dropping.  I wouldnt call a 8% gain in gold price a small pump, I think most investors considering current interst rates would bite your hand off for it.

The only thing everyone is clinging on to in bitcoin land is the halving with the bag holders praying the price will skyrocket so they can dump their holdings, not exactly a good basis for growth going forward.

The biggest mistake people here make is to develop an emotional attachment to bitcoin.  For me bitcoin and gold are just tools to increase my wealth.  I would dump every last satoshi or g of gold when the price I have set in my mind is met.

[Amph]

i bet it will not return ever to its original peak, 2k per ounce, small correction and little pump here and there are normal

there are manipulators everywhere even in the gold market with its 7T marketcap

No one has a crystal ball, plus everything will beat its all time high given enough time (although not in real terms)

You can just as easily say bitcoin will never ever return to its original peak and go to zero and the big exchanges and whales manipulate the bitcoin market.

The economic crisis is just warming up and the cash is flowing into gold driving the price up while at the same time the same cannot be said for Bitcoin with its  price dropping.  I wouldnt call a 8% gain in gold price a small pump, I think most investors considering current interst rates would bite your hand off for it.

The only thing everyone is clinging on to in bitcoin land is the halving with the bag holders praying the price will skyrocket so they can dump their holdings, not exactly a good basis for growth going forward.

The biggest mistake people here make is to develop an emotional attachment to bitcoin.  For me bitcoin and gold are just tools to increase my wealth.  I would dump every last satoshi or g of gold when the price I have set in my mind is met.

well the difference is that the peak of gold was long time ago, for bitcoin was with 1200 only 2 years ago, still plenty of time to return to that point

it's not about emotonial attachment, is that everythign elese is just wrong and controlled as fuck

[markj113]

so should you buying when you are nearer the top as you are stating with bitcoin or nearer the bottom as in gold.

peak gold price was only 4 1/2 years ago.

I predict a bitcoin pump pre halving then the price will fall off a cliff when people realise that nothing has changed and bitcoin has stagnated.  I reckon around $280.

Mass adoption has not occured and there is more and more talk about regulation in Europe, when exchanges start to close and people loose their bank accounts for trading bitcoin it will harm the price.

As stated previously, no one has a crystal ball so we just have to sit back and enjoy the ride

[Amph]

when was the gold peak, because i think some chart are reporting it wrong, they said 1980 for a value of $2k, other say in 2012

[markj113]

summer 2011

http://goldprice.org/gold-price-history.html

[markj113]

If you are already rich gold is good.

If you are poor, more chances to change your life with bitcoins.

Yeah you right just rich people which can invest on gold, but if you not rich people don't worry you can be rich with bitcoin.

If you are poor then save your money rather than gambling it on bitcoin.

Why can only the rich invest in gold?  You can purchase gold down to fractions of a gram (although premiums are steep).

So much misinformation from people that dont know what they are talking about.

[Amph]

if you're very rich it's kinda pointless to invest in gold anyway, i would do lower % in gold just to have my money in case of something wrong

and i would bet the rest in bitcoin, for the long term target

[Laosai]

What misinformation?

Gold is good to hold value and purchase power. If you are rich, you need only this (to stay rich), and gold is safer.

If you want to invest in something highly risky that can pay a lot (or go to 0) bitcoin is the right choice.

I agree that you can buy some ounces of gold. But it will never change your life.

Yeah gold isn't an investment. It's just a way to store value that's all. That would be stupid to try to earn huge amount of money with gold. It's stable as fuck xD

Bitcoin is a bet. I'd say it's a rather safe one but you never know, it can go to 0 tomorrow :/

[erikalui]

What misinformation?

Gold is good to hold value and purchase power. If you are rich, you need only this (to stay rich), and gold is safer.

If you want to invest in something highly risky that can pay a lot (or go to 0) bitcoin is the right choice.

I agree that you can buy some ounces of gold. But it will never change your life.

Rich people don't invest in gold but rather prefer diamonds or platinum. Else they just buy gold in the form of ornaments.

There are hardly many bitcoin users now and hence we can't even compare them with the users whom own gold as I guess there must not be any household which doesn't own gold or small ounces of gold.


For me, I prefer buying gold more than BTC as the former one holds more value than the later.

[Laosai]

What misinformation?

Gold is good to hold value and purchase power. If you are rich, you need only this (to stay rich), and gold is safer.

If you want to invest in something highly risky that can pay a lot (or go to 0) bitcoin is the right choice.

I agree that you can buy some ounces of gold. But it will never change your life.

Rich people don't invest in gold but rather prefer diamonds or platinum. Else they just buy gold in the form of ornaments.

There are hardly many bitcoin users now and hence we can't even compare them with the users whom own gold as I guess there must not be any household which doesn't own gold or small ounces of gold.


For me, I prefer buying gold more than BTC as the former one holds more value than the later.

Ah! People really crazy rich don't invest in metals or precious stones! They invest in banks and houses xD

Is there any easy way to buy and store gold? In European countries I mean. I have the impression that the legislation is complex, maybe you're American/Canadian/whatsoever but how do you do?

[erikalui]

Ah! People really crazy rich don't invest in metals or precious stones! They invest in banks and houses xD

Is there any easy way to buy and store gold? In European countries I mean. I have the impression that the legislation is complex, maybe you're American/Canadian/whatsoever but how do you do?

I'm an Indian. We store gold in bank lockers and some in the house. Most of them are in the form of jewelry while some have gold coins/blocks which they keep safely at home only (it's unsafe though). They buy gold from dealers.


Earlier when egold was an option, many preferred that method rather than physical gold but with bitcoins it's easier to collect and store the coins but there is no physical coins which is why it is not considered by many.

[markj113]

What misinformation?

Gold is good to hold value and purchase power. If you are rich, you need only this (to stay rich), and gold is safer.

If you want to invest in something highly risky that can pay a lot (or go to 0) bitcoin is the right choice.

I agree that you can buy some ounces of gold. But it will never change your life.

Rich people don't invest in gold but rather prefer diamonds or platinum. Else they just buy gold in the form of ornaments.

There are hardly many bitcoin users now and hence we can't even compare them with the users whom own gold as I guess there must not be any household which doesn't own gold or small ounces of gold.


For me, I prefer buying gold more than BTC as the former one holds more value than the later.

Platinum is classed as an industrial metal and diamonds are a terrible investment.

[iamthesky]

If you are already rich gold is good.

If you are poor, more chances to change your life with bitcoins.

Yeah you right just rich people which can invest on gold, but if you not rich people don't worry you can be rich with bitcoin.

Yeah, as gold requires investment at initial stage and everyone cannot afford to do that, but with bitcoins there is a little investment and if you have talent to grow your bitcoins then you can get rich very soon.

[Laosai]

What misinformation?

Gold is good to hold value and purchase power. If you are rich, you need only this (to stay rich), and gold is safer.

If you want to invest in something highly risky that can pay a lot (or go to 0) bitcoin is the right choice.

I agree that you can buy some ounces of gold. But it will never change your life.

Rich people don't invest in gold but rather prefer diamonds or platinum. Else they just buy gold in the form of ornaments.

There are hardly many bitcoin users now and hence we can't even compare them with the users whom own gold as I guess there must not be any household which doesn't own gold or small ounces of gold.


For me, I prefer buying gold more than BTC as the former one holds more value than the later.

Platinum is classed as an industrial metal and diamonds are a terrible investment.

Why is diamond a terrible investment? The false monopoly hence false value of the stone?

And platinium may be industrial metal but it's worth hella lot of money ^^
It seems even a better investment cause it's more used than gold! So the supply is always decreasing.

[arbitrage]

Rich people don't invest in gold but rather prefer diamonds or platinum. Else they just buy gold in the form of ornaments.

There are hardly many bitcoin users now and hence we can't even compare them with the users whom own gold as I guess there must not be any household which doesn't own gold or small ounces of gold.


For me, I prefer buying gold more than BTC as the former one holds more value than the later.

Platinum is classed as an industrial metal and diamonds are a terrible investment.

Mining those diamonds is best deal ever!
If you have your miners and full equipment..Not to mention guards with guns..
Diamonds are only for extremely rich people..

[BitMaxz]

If you are already rich gold is good.

If you are poor, more chances to change your life with bitcoins.

Yeah you right just rich people which can invest on gold, but if you not rich people don't worry you can be rich with bitcoin.

Yeah, as gold requires investment at initial stage and everyone cannot afford to do that, but with bitcoins there is a little investment and if you have talent to grow your bitcoins then you can get rich very soon.

I think not all can be rich in bitcoin.But if they can keep holding it and collect more bitcoins day by day and they do it as hobby i think a year ago he/she will be rich. But now i saw and ask someone that after they collect some bitcoins they withdraw it exchange it into fiat they said that they need the money to pay their bills for internet or other monthly bills so not all can be rich with bitcoins. It depends in our self if we want to be rich we need to be a hard work collecting a bitcoin as our hobby and take a real job. this way you will be rich in the future.. then you can buy gold as you want because gold is more stable than bitcoins....

[ajun96]

when was the gold peak, because i think some chart are reporting it wrong, they said 1980 for a value of $2k, other say in 2012

That is not important. Now the heyday of gold. already finished. bitcoin will replace the golden age. era has changed. Now we think of when the peak time of bitcoin