Bitcoin or gold?

[vrm86]

Gold is an awesome asset for the purpose of saving your money, but only for longer perspective.
- It's practically immune to inflation
- In longer perspective (20-30 years) profit is almost assured
- It's completely out of hands of banking system and goverments
- In case of war or any other serious crisis gold remains still to be respected on market (would be the Bitcoin?)

However, there is one serious downside - you need to store your gold somewhere:
- If you rely on 3rd party, you are dependant and you have to pay
- When storing at home there are new categories of threats (burglars, fire)






 

[Sithara007]

- It's completely out of hands of banking system and goverments

This is a bit complicated. I would say that gold is NOT 100% immune from confiscation by the government. There is a strong chance of this happening, if you are holding paper gold (ETF). In case you are holding physical gold, then the chances are lowered, but it is still not 0%.

[MONKEYJUNK]

I like them both but I think that I like btc more due to the fact its more profitable and also can provide you some good profit these days.
I think that the bitcoin is also good but its still so very unstable what of course is also its power.

[vrm86]

- It's completely out of hands of banking system and goverments

This is a bit complicated. I would say that gold is NOT 100% immune from confiscation by the government. There is a strong chance of this happening, if you are holding paper gold (ETF). In case you are holding physical gold, then the chances are lowered, but it is still not 0%.

Good point. There were some examples of law in 20th century Europe, when possesing of gold was forbidden under penalty of prison or even death.
In fact, determined, militarised institution could make anything it wants to citizens. But in that case, is bitcoin or anything else really safe?

[ipanks]

Gold, the price is always goes up every year, but it is more stable then if you invest for a long period of time I guess gold is the best but if you want to earn in a long period ,bitcoin is good too because the volatile price we can earn fastly and we can earn more that we can imagine so both of them is good

IMHO bitcoin is a young currency yet against all odds has proved to be a good investment with all external resistances thrown at it. The gold market does enjoy minimal gains time and time again but not as comparable to bitcoins gains and given more time it will grow in value and the world will accept bitcoin.

Bitcoin will accept people, but not the government. For gold the government relates well, and to the Bitcoin wary. It is because of the popularization of Bitcoins will be restrained

actually bitcoin is very new here and still it need a lot of time to become more popular and i am hopeful that when government will know about bitcoin and the interested of their people then they will understand the reality and will certainly accept bitcoin as altcoin.

have you checked the prices of Bitcoin yet? It is nearly the same as gold and I believe in about 1 month later, 1 Bitcoin will be more valuable than 1 XAU. For those who have invested their money in Bitcoin, you are all rich and remember not to sell Bitcoin right now. It is obvious that there is nothing can stop Bitcoin from going up anymore.

Two options for investors:

-Choose gold as investment and get richer by the age of 100.
-Choose bitcoin as investment and get richer within the next 5 years.

its a best option for us and we can buy gold if we have money but for now, i think i only want to choose bitcoin as my first investment because i don't have money and i only want to be focus in bitcoin industry and if in someday i can make much of money from bitcoin industry, then i will bough gold as my second investment so i can have two type of investment in my life.

[CoinFoxs]

I like them both but I think that I like btc more due to the fact its more profitable and also can provide you some good profit these days.
I think that the bitcoin is also good but its still so very unstable what of course is also its power.

Yeah bitcoin will give you more profit than gold because of the fluctuation in their price but this profit is short term, you have to exchange coins when price high because we don't have idea what will happen in next hour while in gold's case, it will give us long term profit because it's price is stable so risk rate is low as compared to trading of bitcoins.

[Ferris419]

I like them both but I think that I like btc more due to the fact its more profitable and also can provide you some good profit these days.
I think that the bitcoin is also good but its still so very unstable what of course is also its power.

Yeah bitcoin will give you more profit than gold because of the fluctuation in their price but this profit is short term, you have to exchange coins when price high because we don't have idea what will happen in next hour while in gold's case, it will give us long term profit because it's price is stable so risk rate is low as compared to trading of bitcoins.

Bitcoin can give you profits in short term as well as in long term but the fact is bitcoin has more tendency to give higher profits in compare to gold as we don't know how higher bitcoin can go in future where as profits from gold would be up to a limited level.

[PaymyBills]

Gold is a good hedge against inflation where Bitcoin isnt. It could go either way in the face of inflation. Since I see Bitcoin as a currency rather than an investment, I'd have to choose gold.

[JL421]

Rather than choosing between the two why don't we just get them both,
I mean yeah Bitcoin has only been aroun for 5 year's and the user and it's price keeps on getting high,
So let's just assume that after 10 more years bitcoins price would be double or maybe triple by its current price.

Yeah you are right bitcoin price can easily double or triple within 10 years but what is the guarantee that same is going to happen with gold because if you see after 10 years no one can get bitcoins unless someone is selling them while gold has unlimited supply if you compare it with bitcoin. So the best option to go with is bitcoin right now.

Gold doesn't have "unlimited" supply. As a matter of fact, the supply of gold is declining, as the richest deposits are all exhausted. The cost of production has been increasing steeply for the past several years.

You are getting me wrong I said if you compare the supply of bitcoin with gold , there will
be X10 gold out there compared to bitcoin supply and I agree that most of the richer deposits
are on decline but the amount of crypto currencies coming up I'm pretty sure one day these
currencies will replace gold or other commodities easily.

[Erza]

Gold, the price is always goes up every year, but it is more stable then if you invest for a long period of time I guess gold is the best but if you want to earn in a long period ,bitcoin is good too because the volatile price we can earn fastly and we can earn more that we can imagine so both of them is good

IMHO bitcoin is a young currency yet against all odds has proved to be a good investment with all external resistances thrown at it. The gold market does enjoy minimal gains time and time again but not as comparable to bitcoins gains and given more time it will grow in value and the world will accept bitcoin.

Bitcoin will accept people, but not the government. For gold the government relates well, and to the Bitcoin wary. It is because of the popularization of Bitcoins will be restrained

actually bitcoin is very new here and still it need a lot of time to become more popular and i am hopeful that when government will know about bitcoin and the interested of their people then they will understand the reality and will certainly accept bitcoin as altcoin.

What do you mean? Bitcoin is still new for this time? And the price is more than $1,000? May be you are starting new but AFAIK that people already know bitcoin for long time ago, they just dont want to admit it that bitcoin can be used to buy things. This is just matter of believing, if they believe and accept bitcoin I think bitcoin will surpass gold for sure and be popular or even more popular than gold

[shulio]

You are getting me wrong I said if you compare the supply of bitcoin with gold , there will
be X10 gold out there compared to bitcoin supply and I agree that most of the richer deposits
are on decline but the amount of crypto currencies coming up I'm pretty sure one day these
currencies will replace gold or other commodities easily.

You know by this theory, we could say that by atleast 10-20 more years the price for bitcoin could be pumping crazily as the suply is low enough. Imagine what we will get after 3-4 halvings, this halving has lead the price to over 1k USD and imagine how the effect of the next halving going to affect the price compared to gold

[chachaa]

You are getting me wrong I said if you compare the supply of bitcoin with gold , there will
be X10 gold out there compared to bitcoin supply and I agree that most of the richer deposits
are on decline but the amount of crypto currencies coming up I'm pretty sure one day these
currencies will replace gold or other commodities easily.

You know by this theory, we could say that by atleast 10-20 more years the price for bitcoin could be pumping crazily as the suply is low enough. Imagine what we will get after 3-4 halvings, this halving has lead the price to over 1k USD and imagine how the effect of the next halving going to affect the price compared to gold

you are right, every time the price of Bitcoin will become higher. But the price increase is not an increase of confidence. The level of confidence in gold is much higher than the level of trust in the cryptocurrency

[Lacander]

Gold, the price is always goes up every year, but it is more stable then if you invest for a long period of time I guess gold is the best but if you want to earn in a long period ,bitcoin is good too because the volatile price we can earn fastly and we can earn more that we can imagine so both of them is good

IMHO bitcoin is a young currency yet against all odds has proved to be a good investment with all external resistances thrown at it. The gold market does enjoy minimal gains time and time again but not as comparable to bitcoins gains and given more time it will grow in value and the world will accept bitcoin.

Bitcoin will accept people, but not the government. For gold the government relates well, and to the Bitcoin wary. It is because of the popularization of Bitcoins will be restrained

actually bitcoin is very new here and still it need a lot of time to become more popular and i am hopeful that when government will know about bitcoin and the interested of their people then they will understand the reality and will certainly accept bitcoin as altcoin.

What do you mean? Bitcoin is still new for this time? And the price is more than $1,000? May be you are starting new but AFAIK that people already know bitcoin for long time ago, they just dont want to admit it that bitcoin can be used to buy things. This is just matter of believing, if they believe and accept bitcoin I think bitcoin will surpass gold for sure and be popular or even more popular than gold

You can understand the obvious, that the gold material and has a fixed price, even if with some fluctuations. But the fact that gold does not depreciate never sure.

[SameHow]

At the moment bitcoin is at position to achieve better price then gold so I would choose bitcoin at the moment. And it's also good long term investment just as gold, something that will have even bigger value in the future, so invest in bitcoin and if necessary you can always turn it into gold.

I don't want to say that bitcoin will surpass gold's value since they are both good type of investments. But I will really go for bitcoin.

I don't have gold or something that has gold, I always wanted to have gold but I accept the fact that in my situation.

Bitcoin will be the dominant.

Fully rely on bitcoin impossible. If you are already engaged cryptocurrency only 50% of their income. There will always be needed and bitcoin and Fiat. But bitcoin is still promising.

[Fizamcc]

At the moment bitcoin is at position to achieve better price then gold so I would choose bitcoin at the moment. And it's also good long term investment just as gold, something that will have even bigger value in the future, so invest in bitcoin and if necessary you can always turn it into gold.

I believed on your statement bitcoin is quite high and expensive we already made up profit when the price is at the range of $800 per coin if we already bought atleast 5-10 bitcoin then we already made up $1000 profit just in a day, It doesn't need to invest on the long term when you actually love to hold your bitcoin you will be granted profit instantly when the price increase.

Who might have thought that the exchange rates will increase by 500% during the last 12 months? Especially after all the heartburn we had during the last 4 years? But I have a feeling that a significant correction is on its way. We can expect the correction to be in the range of 25% to 30%, and this dip may be the last chance to purchase coins at sub-1,000 levels.

I think that this is another opportunity to buy bitcoin at this price. Perhaps the price is already below the falls, but figures for growth in the near future be expected. That's when we really make the correct investments.

[geopolisch]

Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.

well, gold will probably always be used even when Internet access disappears, but you can bitcoin doubled in a short time, and it can make a profit very much, even 40% of the money you have in one day. but it also requires skill and very much information.

Yes, gold has no concern with internet, bitcoin is depending on internet and it is difficult to use bitcoin without internet, but I think in the modern world it is not possible to think about the world without internet. As we are also depending on internet for so many other things.

I think that this is another opportunity to buy bitcoin at this price.

We cannot expect this kind of buying opportunity with gold. Gold prices are stable and hence it is not attracting new investors whereas bitcoins stay strong in this aspect.

[BTCSpearo]

Split the difference and buy both. Gold is excellent worse case scenario insurance, Bitcoin is digital gold and will likely outperform gold but its young, unproven, and doesn't have gold's 1000+ year track record. I say buy both.

[Raja_MBZ]

Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.

well, gold will probably always be used even when Internet access disappears, but you can bitcoin doubled in a short time, and it can make a profit very much, even 40% of the money you have in one day. but it also requires skill and very much information.

Yes, gold has no concern with internet, bitcoin is depending on internet and it is difficult to use bitcoin without internet, but I think in the modern world it is not possible to think about the world without internet. As we are also depending on internet for so many other things.

LOL, if the World War 3 actually happens, the whole lot of Earth's people would die. Weapons have become extra-ordinarily strong, things are much different than last world war.

In that scenario, both, the gold and bitcoin would be purely useless.

[BitHodler]

Split the difference and buy both. Gold is excellent worse case scenario insurance, Bitcoin is digital gold and will likely outperform gold but its young, unproven, and doesn't have gold's 1000+ year track record. I say buy both.

Gold is too conservative as an investment tool which doesn't guarantee you to be a good "worst case scenario insurance" in terms of being profitable.

Most people that are looking to invest their money are looking for short to mid term investment options. In that time frame gold might very well end up performing horribly bad as even gold can experience a down trend possibly lasting years.

Bitcoin with all its potential will definitely outperform gold. Bitcoin isn't only a great investment for the mid term, but it is also a great hedge against whatever bad economical situation. It's basically a win win.

[NEWGOODOUBLE]

Split the difference and buy both. Gold is excellent worse case scenario insurance, Bitcoin is digital gold and will likely outperform gold but its young, unproven, and doesn't have gold's 1000+ year track record. I say buy both.

may buy both not too bad idea. gold can be a safe investment and backup funds if you need money quickly. and bitcoin is a profitable investment in the near future