Bitcoin or gold?

[markj113]

Because you can not create gold. As you can with diamonds and other stuff. All gold on earth was maid long time ago with big temperatures and massive pressure when earth was forming. And thats it. All other things can be created like cryptocurrencies example. So thats why is gold always on top! And will be in my opinion, and it should be.

Actually gold was not created on Earth through high temperatures and pressures.  

It was actually created in the center of a star when it went supernova.

so we must assume that in the other solar system there is plenty of gold?

when we get there one day, gold value will most likely to be dumped

Why would you spend multiple trillions of $ to travel interteller space to mine gold just to bring it home, crash the gold market and make it worthless lol

You need to rethink your argument.

If the thought of this prevents you investing in gold I am surprised you risk investing in bitcoin which i far more likely to be dumped in our lifetimes

Well, not necessarily. What if one day a big meteorite made of pure gold will hit the earth?  

But seriuosly gold is already losing its value. It's just the matter of time for people to realize that wearing golden watches or other golden jewelries is OUT. If gold will be valued only as precious metal and not as jewelry its price will drop dramatically.

Gold is actually up 17-20% year to date.


A lot of people on this forum obviously see gold as a threat to bitcoin for some reason.  Their arguments against it are weak at best or just made up.

 -It is not hard to buy gold.
 -It is not hard to sell gold.
 -It is not hard to store gold,  10BTC (which most here dont own) would buy you just this amount of gold -



 -Gold price is increasing due to global economic panic not decreasing.
 -Supply is limited - there will be no interstellar gold mining or pure gold asteroids any time soon.
 -Gold has proven itself to be a reliable store of wealth for 1000's of years and not just 7.
 -Gold lasts forever, you can bury some today then dig it up in 50 years and it will look the same.

All the above is based on fact and the experience of someone who actually owns a fair amount of it and not someone that just reads crap on the internet.

[Amph]

i mean in a distant future when travelling around the universe will be easy, gold will be dumped more easily because it will not be rare anymore

i was not talking about the first attempt at travelling on another solar to find more gold, that actually will increase the gold value at first

[kacak41]

I would choose bitcoin over gold as I feel that value of bitcoin would be on top in future and it has a power to become a global currency in future, so I would choose bitcoins for making an investment.

[Nameless Coin]

I like them both. We all know that Bitcoin will be the future. But that is not for sure. But many people think that. And I think it also.
But gold is also many used by people and that is also very good. But it cant be good in the future, because the future will become more digital.

[jack1111]

I think both have the same importance because both offers good investment for the future , and we see now that the price's of gold and bitcoin is increasing every period of time

[markj113]

i mean in a distant future when travelling around the universe will be easy, gold will be dumped more easily because it will not be rare anymore

i was not talking about the first attempt at travelling on another solar to find more gold, that actually will increase the gold value at first

I think the development of practical quantum computers is more likely than zipping around the universe mining gold.

If that happens it could render encryption useless making bitcoin worthless.

[Amph]

i mean in a distant future when travelling around the universe will be easy, gold will be dumped more easily because it will not be rare anymore

i was not talking about the first attempt at travelling on another solar to find more gold, that actually will increase the gold value at first

I think the development of practical quantum computers is more likely than zipping around the universe mining gold.

If that happens it could render encryption useless making bitcoin worthless.

it could render everything worthless, everything is secured by sha256, not that i think quantum computer wil pose a threat to sha256

[markj113]

i mean in a distant future when travelling around the universe will be easy, gold will be dumped more easily because it will not be rare anymore

i was not talking about the first attempt at travelling on another solar to find more gold, that actually will increase the gold value at first

I think the development of practical quantum computers is more likely than zipping around the universe mining gold.

If that happens it could render encryption useless making bitcoin worthless.

it could render everything worthless, everything is secured by sha256, not that i think quantum computer wil pose a threat to sha256

Pretty sure my gold is not secured with sha256 

[VAodminnTer]

I would rather go for gold over the bitcoin as gold is traditional and in existence since the history an as bitcoin is only 6 years old can't afford to go with bitcoin. Risk is involved in both gold and bitcoin but looking at the history would prefer to invest in gold that would be my opinion.

[ausbit]

I would rather go for gold over the bitcoin as gold is traditional and in existence since the history an as bitcoin is only 6 years old can't afford to go with bitcoin. Risk is involved in both gold and bitcoin but looking at the history would prefer to invest in gold that would be my opinion.

Gold is the best option to choose as gold is mature product and bitcoin is still very new so majority of people would choose gold over bitcoins looking at the successful history.

[expert4knowledge]

I would rather go for gold over the bitcoin as gold is traditional and in existence since the history an as bitcoin is only 6 years old can't afford to go with bitcoin. Risk is involved in both gold and bitcoin but looking at the history would prefer to invest in gold that would be my opinion.

Bitcoin is more risky meaning that it has more profit and more lose it depends if you are a risk-averse investor and if yes then you invest in gold.

[CryptoBjorn]

I would go for the bitcoin because I think the bitcoin has a better future if you compare it with other currency's.
The fact is only that the bitcoin has to still prove itself and the gold already did years ago of course.

[torrentheaven]

I would go for the bitcoin because I think the bitcoin has a better future if you compare it with other currency's.
The fact is only that the bitcoin has to still prove itself and the gold already did years ago of course.

People who loves to take risk and want to make good profits in short time will always choose bitcoin and not gold as you need to wait long to earn profits from gold.

[Amph]

i mean in a distant future when travelling around the universe will be easy, gold will be dumped more easily because it will not be rare anymore

i was not talking about the first attempt at travelling on another solar to find more gold, that actually will increase the gold value at first

I think the development of practical quantum computers is more likely than zipping around the universe mining gold.

If that happens it could render encryption useless making bitcoin worthless.

it could render everything worthless, everything is secured by sha256, not that i think quantum computer wil pose a threat to sha256

Pretty sure my gold is not secured with sha256 

well but the value is given in fiat, and fiat will be worthless

[markj113]

So you trade gold and silver for goods and services.

Gold did exist long before fiat and was used for trade previously.

[expert4knowledge]

I would go for the bitcoin because I think the bitcoin has a better future if you compare it with other currency's.
The fact is only that the bitcoin has to still prove itself and the gold already did years ago of course.

I am a bit skeptical about how well is future of bitcoin but all signs and facts suggest that bitcoin is defining new era in investment and financial markets.

[ronaldinho_07]

Well bitcoin is the best investment any company or investor can have,very volatil means you can profit on the short trades all days,just choose your moment and wait,the market will do the rest.Gold were in the past a big and amazing deal but were too expensive and just some could afford to work and to have it,nowadays all people has some piece of gold.With bitcoin is happening the same,with a big difference,you can get free bitcoins doings some tasks,i doubt you could earn gold the same way as we do with bitcoin.Bitcoin is the key and the answer to the most questions.

[Amph]

So you trade gold and silver for goods and services.

Gold did exist long before fiat and was used for trade previously.

do you appear to trade gold directly nowadays, for what you want to purchase? i'm not using gold, so i'm asking, if this is possible, or it must always be exchanged for fiat prior to this?

[romero121]

I would go for the bitcoin because I think the bitcoin has a better future if you compare it with other currency's.
The fact is only that the bitcoin has to still prove itself and the gold already did years ago of course.

I am a bit skeptical about how well is future of bitcoin but all signs and facts suggest that bitcoin is defining new era in investment and financial markets.

Without any distraction, you can simply trust the bitcoin which is just defining the new era. Gold has got a long years of existence, so in future bitcoin will compete with gold.

[peta4e]

I would go for the bitcoin because I think the bitcoin has a better future if you compare it with other currency's.
The fact is only that the bitcoin has to still prove itself and the gold already did years ago of course.

I am a bit skeptical about how well is future of bitcoin but all signs and facts suggest that bitcoin is defining new era in investment and financial markets.

Without any distraction, you can simply trust the bitcoin which is just defining the new era. Gold has got a long years of existence, so in future bitcoin will compete with gold.

Yes there are full possibilities that bitcoin can compete gold in future in the best possible way as bitcoin is growing slowly and it will become more powerful in future.