Bitcoin or gold?

[agamasrori]

I should choose bitcoin instead of gold because it has an ability of price fluctuations that may rise up high unlike gold its price demand is declining nowadays due to more fashion accesories alternatives that may compete gold demand. Both of then has different advantages but, I would likely recommend bitcoin to friends and relatives.

for the traders and stock holders they would probably choose bitcoin against gold because it is more harder for them to earn if they choose gold. choosing gold will lead them to more long days to have income while if they choose bitcoin. they will just wait for a moment if they know what they are doing and then sell their bitcoin in higher rate.

The price of gold is more stable than bitcoin, also need extra security to save it. For me bitcoin is good, not only for trading but not only for trading but only save bitcoin in a long time is also a good investment . For now I choose bitcoin.

[redsun114]

I suggest bitcoin because it's secure and fast no need to type any personal info and the transactions are totally free and if you save lots and lots of bitcoins right now you could be a millionaire after 10 years because more people are investing to this crypto currency more countries are starting to use bitcoin.

All well and good until you try to cash out.

How exactly do you intend to convert $1 million in bitcoin to cash without giving out all your personal info. 

cashing all 1 million in bitcoin at a single transaction or a single deal would be difficult. but why should we do this? we can cashout small small amounts of bitcoins many time.. bitcoin is still better than gold. gold also have risks while selling huge quantity.

[phr0stbyt3]

Bitcoin will always be a good investment for me rather in gold nowadays, if you are just going to check it out what is going on now in the value of bitcoin, its getting stronger and stronger, look at this link in bitcoinwisdom.com, It is really more than a gold for me especially the community o bitcoin are becoming more aggressive to buy it more and more.

bitcoin is indeed a good investment as compare to gold and any other investment, in fact bitcoin has the quality that every simply holding it you can earn a decent income. and if you are interested then you can also invest your bitcoin in alt coin and can also make good profit from there. while gold is only good for saving, because its price is very stable and we can observed a very slight change in the price of gold.

I totally agree with you but i saw some people talking that they won't purchase bitcoin because it's price isn't stable. I tried my best to convince them that bitcoin was very low before and if you want to invest in something more stable you can invest in eth or monero but of course all the efforts made were useless and I guess they ended up purchasing gold worth some 3 btc I guess according to the current price.

[cakravothy]

I suggest bitcoin because it's secure and fast no need to type any personal info and the transactions are totally free and if you save lots and lots of bitcoins right now you could be a millionaire after 10 years because more people are investing to this crypto currency more countries are starting to use bitcoin.

All well and good until you try to cash out.

How exactly do you intend to convert $1 million in bitcoin to cash without giving out all your personal info. 

if have one million dollar, investment not buy bitcoin and hold
is good you can open star up business, open online store, create new altcoin and more
if one million dollar only buy bitcoin is danger investment

[shulio]

if one million dollar only buy bitcoin is danger investment

If you have 1 million follar, you could purchase around 900 btc or more with the current price and could you imagine what you can do after that? You can go back selling it because by purchasing 900+ btc you are already pushing its price up therefore that means you are already getting profit from the speculation that you have done

[Bitcoin0916]

I should choose bitcoin instead of gold because it has an ability of price fluctuations that may rise up high unlike gold its price demand is declining nowadays due to more fashion accesories alternatives that may compete gold demand. Both of then has different advantages but, I would likely recommend bitcoin to friends and relatives.

for the traders and stock holders they would probably choose bitcoin against gold because it is more harder for them to earn if they choose gold. choosing gold will lead them to more long days to have income while if they choose bitcoin. they will just wait for a moment if they know what they are doing and then sell their bitcoin in higher rate.

The price of gold is more stable than bitcoin, also need extra security to save it. For me bitcoin is good, not only for trading but not only for trading but only save bitcoin in a long time is also a good investment . For now I choose bitcoin.

Yes true, when we save the gold of course we must think of a safe place to save. If we keep it in the bank, there are certainly costs are expensive. With bitcoin everything becomes easier, no need to think of places to save, because wallets are equipped with 2FA is very safe. In addition, the price of the bitcoin tends to rise, for now I also select bitcoin than gold.

[Xester]

if one million dollar only buy bitcoin is danger investment

If you have 1 million follar, you could purchase around 900 btc or more with the current price and could you imagine what you can do after that? You can go back selling it because by purchasing 900+ btc you are already pushing its price up therefore that means you are already getting profit from the speculation that you have done

That is a brilliant opinion, I have never thought of that. In actual situation if we purchase a large volume of bitcoin then that after buying bitcoins the price will suddenly go up and we actually have profited in just minutes after we purchase bitcoin. Bitcoin is really an amazing coin since since 2009 it just go up and up until it reach $1000 dollars this year.

[1Referee]

I select the bitcoin, current investment bitcoin is the most profitable because it can get up to 30% in 1 month. It may seem absurd, but I've proven. I see gold is stagnan and not profitable in a last year.

It's not absurd at all, but at the same time you also have to look at the potential negative sides of an investment, because there is no way you will always be able to generate such returns. If you purely look at the Gold price from an investor's point of view, then last year wasn't particularly a good year. But if you look at it from a trader's point of view, then there were defintely some decent money making opportunities. It all depends on the moment you enter the leave the market.

[danherbias07]

if one million dollar only buy bitcoin is danger investment

If you have 1 million follar, you could purchase around 900 btc or more with the current price and could you imagine what you can do after that? You can go back selling it because by purchasing 900+ btc you are already pushing its price up therefore that means you are already getting profit from the speculation that you have done

Yeah but that is a hard risk. It is kind of scary also but you are right, it will really go up but I dont think it is not that much for a 900 btc. One more problem is the buying price is a lot higher than the selling price so you would still need to go way beyond that line before you could feel the profit.
And this is not how investment work. That is just too much for a million dollars.

[deisik]

if one million dollar only buy bitcoin is danger investment

If you have 1 million follar, you could purchase around 900 btc or more with the current price and could you imagine what you can do after that? You can go back selling it because by purchasing 900+ btc you are already pushing its price up therefore that means you are already getting profit from the speculation that you have done

Obviously, this is bullshit

If it really were so, you could just as well claim that after you sell those 900 BTC, the price should go down (just like it should allegedly go up when you were first buying the coins). Then you could easily repeat steps 1-2 and ultimately earn infinite profits. In reality, though, even if the price goes up after you buy 900 coins (which is a shaky assumption itself), the market will be razor thin (I mean the Bid side), and you won't be able to sell 900 BTC at higher prices. You would need to fill the orders way below your entry point if you want to sell them all just like you would have to fill the orders significantly above the market price to buy these 900 bitcoins in the first place. And I don't yet take into account spreads as well as trading fees

[markyminer]

I should choose bitcoin instead of gold because it has an ability of price fluctuations that may rise up high unlike gold its price demand is declining nowadays due to more fashion accesories alternatives that may compete gold demand. Both of then has different advantages but, I would likely recommend bitcoin to friends and relatives.

for the traders and stock holders they would probably choose bitcoin against gold because it is more harder for them to earn if they choose gold. choosing gold will lead them to more long days to have income while if they choose bitcoin. they will just wait for a moment if they know what they are doing and then sell their bitcoin in higher rate.

The price of gold is more stable than bitcoin, also need extra security to save it. For me bitcoin is good, not only for trading but not only for trading but only save bitcoin in a long time is also a good investment . For now I choose bitcoin.

Yes true, when we save the gold of course we must think of a safe place to save. If we keep it in the bank, there are certainly costs are expensive. With bitcoin everything becomes easier, no need to think of places to save, because wallets are equipped with 2FA is very safe. In addition, the price of the bitcoin tends to rise, for now I also select bitcoin than gold.

yes that is right gold need much more security because there is always chance that some one will take your gold, so you all the time will be thinking about it and it is also a fact that keeping gold in  bank have more expenses. while investing your money in  bitcoin, you always have a chance that if the price of bitcoin will go up then then it will certainly cause the value of your assets increase and there are very little possibility hack the online wallet of a person.

[savioroshan]

If you campare bitcoin with gold , gold is the best. Gold has got a place in this society.Gold will remain in the first place as long as women use them as ornaments. In many societies its compulsory for the ladies to wear gold ornaments . It didnt start yesterday or today. They are following this from centuries . No one can compare gold with bitcoin. Both are different things. Gold's value will not go down in any circumstance but bitcoin's price is highly volatile.

[deisik]

Regarding diversification, I'm inclined to think (and Warren Buffett heavily supports my view) that the whole point of diversification is exactly the opposite what you claim, i.e. maximizing profits, not minimizing losses. More specifically, why would you ever want to keep your funds in something which you expect to fail? The best strategy would be to withdraw your money from such an asset altogether. If you expect money to fail, just don't keep your wealth in it. Why do you invest money in Bitcoin? Because you want to earn profits. Why do you you freeze your funds in gold? Because it can't collapse to the ground, and thus won't inflict heavy losses. This is obviously a strategy aimed at maximizing earnings since minimizing losses would mean pouring all your money into gold. As simple as it gets

Good points, I just don't see diversification that way. Diversification is defined literally as a risk management technique, it lowers risk. If bitcoin was the top performing investment, everyone would just sink 100% of their portfolio into it. The reason people choose to make a little less money and not invest 100% into the top performing asset is because they apply diversification, risk management.

I believe when it comes to this we simple see things differently is all. I don't see investing in gold as freezing my funds, I see it as diversification. Spreading my money out so all of my eggs are never in one basket, plus it's nice to be able to physically buy, sell, and hold one of my asset classes. It's not digits on a screen, it's physical. Just for the record though I don't believe in buying gold, but silver instead. Smaller denominations make it easier to buy and sell, and it simply performs better. I probably wouldn't call buying precious metals an "investment" either, but a "diversification", because I know I won't make much money on them, but that was never my goal, diversification was.

It's not necessarily about maximizing earnings and minimizing losses 100%. You have to find a balance in my opinion. Like I said, diversification is key. Obviously you put more money into what is performing better (bitcoin), but that doesn't mean I want to put 100% of my money into bitcoin, it means I'll probably put around double as much as I have in precious metals into bitcoin (which both by the way still make up a small amount of a portfolio as they should). I'm just attacking this from a store of value/diversification angle not entirely an investment angle, I believe that's why we see so differently!

I appreciate your pains in evaluating your stance on this issue

But what you say is really a strategy which still has as its ultimate goal maximizing profits at a certain amount of risk. Let's be honest, you are in fact looking for earning more, not so much for preserving your wealth (where diversification is actually a bad idea as I said). This is the key difference which allows to tell between diversification for the purpose of maximizing profits or that of minimizing losses. In other words, you set a reasonable level of risk and then still go for profits by balancing different assets in your portfolio (which is what diversification should be used for). On the other hand, the task of minimizing risks would be your primary aim if you were looking for just storing your wealth (regardless and likely at the expense of profits). That seems to be a key distinction

Yeah I agree with pretty much everything you're saying, you're right. It's a fact that I set a reasonable level of risk but still go for profits by balancing different assets in my portfolio, I just don't think it's a bad idea to keep a small portion of your net worth (not necessarily your investment portfolio) in precious metals, on hand, even if it's not the most profitable investment

I've been thinking about earning-profits attitude against storing-value approach and whether it is possible to consciously and wittingly combine them. As of yet I'm inclined to think that it is next to impossible since you will be oriented one way only, i.e. either going for profits or trying to preserve value. So these two approaches seem to be cancelling each other. It would likely require either complete ignorance (kind of "doublethink") of what you are doing to use them simultaneously...

Or develop some deep understanding which I can't possibly grasp

[Sithara007]

if one million dollar only buy bitcoin is danger investment

If you have 1 million follar, you could purchase around 900 btc or more with the current price and could you imagine what you can do after that? You can go back selling it because by purchasing 900+ btc you are already pushing its price up therefore that means you are already getting profit from the speculation that you have done

No... your calculations are wrong. If you want to purchase BTC900 in one go, then you need to buy them at a considerable premium to the prevailing exchange rate. Also, if you are dumping the same amount of coins suddenly, then you will get a rate which is lower than the market rate.

[OrangeII]

If you campare bitcoin with gold , gold is the best. Gold has got a place in this society.Gold will remain in the first place as long as women use them as ornaments. In many societies its compulsory for the ladies to wear gold ornaments . It didnt start yesterday or today. They are following this from centuries . No one can compare gold with bitcoin. Both are different things. Gold's value will not go down in any circumstance but bitcoin's price is highly volatile.

if comparing the social status, gold is much better than bitcoin, because gold is a symbol of wealth, and be on display in the real world. Besides, gold has a high price. but, for a businessman, maybe bitcoin is still better, because with bitcoin, we can easily make a profit. Well, gold and bitcoin are different

[rchstr]

If you campare bitcoin with gold , gold is the best. Gold has got a place in this society.Gold will remain in the first place as long as women use them as ornaments. In many societies its compulsory for the ladies to wear gold ornaments . It didnt start yesterday or today. They are following this from centuries . No one can compare gold with bitcoin. Both are different things. Gold's value will not go down in any circumstance but bitcoin's price is highly volatile.

if comparing the social status, gold is much better than bitcoin, because gold is a symbol of wealth, and be on display in the real world. Besides, gold has a high price. but, for a businessman, maybe bitcoin is still better, because with bitcoin, we can easily make a profit. Well, gold and bitcoin are different

yes social status will be more favorable to gold because as you said that it is the symbol of wealth. but if we could use this two to opportunity in earning some money, i would choose bitcoin as it gives many opportunity to many people to earn. not just in third countries but all of the country may use the advantage of bitcoin againts gold.

[VTCutch]

If you campare bitcoin with gold , gold is the best. Gold has got a place in this society.Gold will remain in the first place as long as women use them as ornaments. In many societies its compulsory for the ladies to wear gold ornaments . It didnt start yesterday or today. They are following this from centuries . No one can compare gold with bitcoin. Both are different things. Gold's value will not go down in any circumstance but bitcoin's price is highly volatile.

if comparing the social status, gold is much better than bitcoin, because gold is a symbol of wealth, and be on display in the real world. Besides, gold has a high price. but, for a businessman, maybe bitcoin is still better, because with bitcoin, we can easily make a profit. Well, gold and bitcoin are different

Gold and Bitcoin are very different. These assets behave differently in the market. Gold is more stable and predictable. Bitcoin is a dynamic growth and an unexpected drop

[Tanic]

if one million dollar only buy bitcoin is danger investment

If you have 1 million follar, you could purchase around 900 btc or more with the current price and could you imagine what you can do after that? You can go back selling it because by purchasing 900+ btc you are already pushing its price up therefore that means you are already getting profit from the speculation that you have done

Yeah but that is a hard risk. It is kind of scary also but you are right, it will really go up but I dont think it is not that much for a 900 btc. One more problem is the buying price is a lot higher than the selling price so you would still need to go way beyond that line before you could feel the profit.
And this is not how investment work. That is just too much for a million dollars.

That's right. The dish is huge, because of when you have bitcoins it's not your bitcoins. In that sense that you can't put it under your pillow for safe or in a bank. Especially when you hold your coins on some exchanger. It's bitcoins of the exchanger, not yours. And one moment the exchanger can decide to get closed itself and say you goodbye. And you will have to say goodbye to your bitcoins.

[1 currency now]

If you campare bitcoin with gold , gold is the best. Gold has got a place in this society.Gold will remain in the first place as long as women use them as ornaments. In many societies its compulsory for the ladies to wear gold ornaments . It didnt start yesterday or today. They are following this from centuries . No one can compare gold with bitcoin. Both are different things. Gold's value will not go down in any circumstance but bitcoin's price is highly volatile.

if comparing the social status, gold is much better than bitcoin, because gold is a symbol of wealth, and be on display in the real world. Besides, gold has a high price. but, for a businessman, maybe bitcoin is still better, because with bitcoin, we can easily make a profit. Well, gold and bitcoin are different

Gold and Bitcoin are very different. These assets behave differently in the market. Gold is more stable and predictable. Bitcoin is a dynamic growth and an unexpected drop

Bitcoin is merely an electronic form of the USD/JPY/CHF etc. The numerical value of them goes down eventually, it's a large battle of who will win the war among the different Currency selections.

Gold is real money, people want it and it's used in most electronics. If the person does the math then they would see that Gold would be a better option to select if they want to make large sums of money.

The leading Currency will have a huge influence on how much Gold someone could buy.

[whizter]

If you campare bitcoin with gold , gold is the best. Gold has got a place in this society.Gold will remain in the first place as long as women use them as ornaments. In many societies its compulsory for the ladies to wear gold ornaments . It didnt start yesterday or today. They are following this from centuries . No one can compare gold with bitcoin. Both are different things. Gold's value will not go down in any circumstance but bitcoin's price is highly volatile.

if comparing the social status, gold is much better than bitcoin, because gold is a symbol of wealth, and be on display in the real world. Besides, gold has a high price. but, for a businessman, maybe bitcoin is still better, because with bitcoin, we can easily make a profit. Well, gold and bitcoin are different

i think he trend of the people is now changing. i think it is becoming difficult for the people to hold gold and then take care of it because there are more chances that the gold will be stolen. but if you have invested your money in bitcoin from where you can get good profit and your money is also very safe. therefore i think in modern time bitcoin is more better than gold.