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Author Topic: Bitcoin or gold?  (Read 984399 times)
8Habits
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May 09, 2017, 12:51:18 AM
 #7661

Both, bitcoin and gold. Investing in bitcoin can make a profit faster than gold. Probably a great idea if we invest in bitcoin, and from the profits we buy gold. Because gold is an investment for a long time. Loss if investing in gold in just a few years.
i think bitcoin is very much better than gold because bitcoin is digital currency which going to high its price everyday and a lot of people are using bitcoin we can say that bitcoin is useful currency and gold is just a precious metal and gold is too much stable .

Bitcoin is future and it has an ability to give us huge profits which may never possible with gold as it will only give you limited profits and no one knows how high can price of bitcoins can go in future so to get best profits on investments I think bitcoin is the right choice to make at a moment.

You are right there about bitcoin as a good investment and a way to go these days but to be honest, it is still uncertain in the coming future.
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May 09, 2017, 02:00:34 AM
 #7662

Both, bitcoin and gold. Investing in bitcoin can make a profit faster than gold. Probably a great idea if we invest in bitcoin, and from the profits we buy gold. Because gold is an investment for a long time. Loss if investing in gold in just a few years.
i think bitcoin is very much better than gold because bitcoin is digital currency which going to high its price everyday and a lot of people are using bitcoin we can say that bitcoin is useful currency and gold is just a precious metal and gold is too much stable .

Bitcoin is future and it has an ability to give us huge profits which may never possible with gold as it will only give you limited profits and no one knows how high can price of bitcoins can go in future so to get best profits on investments I think bitcoin is the right choice to make at a moment.

You are right there about bitcoin as a good investment and a way to go these days but to be honest, it is still uncertain in the coming future.
Either bitcoin or gold they are both good investment because they will both give you a profit in the long run. If you will ask me, i will choose bitcoin because it is very easy to use and easy to buy rather than gold and also bitcoin is a very fast growing currency in terms of its price so it will be easy for us to earn money in just a short time period.
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May 09, 2017, 02:53:21 AM
 #7663

Both, bitcoin and gold. Investing in bitcoin can make a profit faster than gold. Probably a great idea if we invest in bitcoin, and from the profits we buy gold. Because gold is an investment for a long time. Loss if investing in gold in just a few years.
i think bitcoin is very much better than gold because bitcoin is digital currency which going to high its price everyday and a lot of people are using bitcoin we can say that bitcoin is useful currency and gold is just a precious metal and gold is too much stable .

Bitcoin is future and it has an ability to give us huge profits which may never possible with gold as it will only give you limited profits and no one knows how high can price of bitcoins can go in future so to get best profits on investments I think bitcoin is the right choice to make at a moment.

You are right there about bitcoin as a good investment and a way to go these days but to be honest, it is still uncertain in the coming future.
Either bitcoin or gold they are both good investment because they will both give you a profit in the long run. If you will ask me, i will choose bitcoin because it is very easy to use and easy to buy rather than gold and also bitcoin is a very fast growing currency in terms of its price so it will be easy for us to earn money in just a short time period.

Both are good as an investment but bitcoin has more potential to give us best and huge profits in future which is hard to get from gold as gold price is very stable so you can expect good profits from it but not the huge one which is simply possible with bitcoins.
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May 09, 2017, 03:15:54 AM
 #7664

If given the option between gold, Bitcoin, and a business, I'm going to choose the business every time. Businesses (assuming that they perform a market function) actually create value. Gold and Bitcoin only reflect it. Gold and Bitcoin go up on value based on trading whims. Businesses have intrinsic value based on the ability to create new value in the world.


Well, I appreciate your sentiment about businesses actually adding value, that is a very important point.  BTC and gold just retain value to a degree or another, and can also be used to transact, to a degree or another.

But, there are BAD BUSINESSES!!  Ones that lose money, are crooked, etc.  Running a business id usually very hard work for an uncertain return.  I have been involved a few businesses as a founder or other principal.  Getting involved with a couple of them turned out to be bad decisions for me.

Businesses can be very hard to sell, often quite illiquid.

Look very, very hard at buying or starting a business!  Yes, if they truly perform a needed market function, then it may work out great.

The point about illiquidity is true, although it doesn't have to be. When you buy stocks, you are legally buying an ownership stake in the business. Stocks are also extremely liquid. As an owner of the business, you own a share of the profits of the business, which Annie paid out as dividends.

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May 09, 2017, 03:19:09 AM
 #7665

If given the option between gold, Bitcoin, and a business, I'm going to choose the business every time. Businesses (assuming that they perform a market function) actually create value. Gold and Bitcoin only reflect it. Gold and Bitcoin go up on value based on trading whims. Businesses have intrinsic value based on the ability to create new value in the world

I disagree with that stance

While gold may well fit into your set of beliefs (as of now) but Bitcoin is certainly not there. If we consider it as money (i.e. not as a speculative asset) since this is what you seem to be assuming yourself (by saying that it reflects value), we can't possibly deny the huge role that money plays in modern economy. As to me, invention of money is in the same line as invention of wheel and capture of fire. Money is certainly not a business (though there is whole financial sector in any economy), but this doesn't take anything from the role it plays or function it fulfills in the economy

By saying it reflects value I mean only that it is a store of value. It does not create value itself. Businesses actually expand the economy and doing so increases the amount of wealth in the world. Cash, Bitcoin, gold, and other mediums of value storage do not increase the amount of value in the world, they only store what value has already been created.

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May 09, 2017, 03:40:00 AM
 #7666

I will prefer to diversify my investments and will choose both of them as both are good investments for the long term and if bitcoin fails in future then also I can expect some profits from gold as gold will always give good returns in long term.

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May 09, 2017, 04:19:11 AM
 #7667

We need to understand a thing. Precious metals as well as cryptocurrencies have their own advantages.

If you want a long term conservative investment, then precious metals are at your disposal.

If you want to ride the price movements and to be protective at the same moment.

Then Hedge.

Total availability of gold : Total availability of bitcoins

Find out the ratio and form a discipline. Invest in either when cheaper and also set a stop loss.

You are good to go. Don't be more greedy. Always get out of expensive assets as soon as they reach the reasonable highs and move your money to cheaper ones.
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May 09, 2017, 04:19:58 AM
 #7668

Both, bitcoin and gold. Investing in bitcoin can make a profit faster than gold. Probably a great idea if we invest in bitcoin, and from the profits we buy gold. Because gold is an investment for a long time. Loss if investing in gold in just a few years.
i think bitcoin is very much better than gold because bitcoin is digital currency which going to high its price everyday and a lot of people are using bitcoin we can say that bitcoin is useful currency and gold is just a precious metal and gold is too much stable .
i think gold and bitcoin has their own values. we cannot deny the importance of any one. gold is best for saving as its price remain constant and do not change, while bitcoin is best for investment, because we can observe a good fluctuation in the price of bitcoin, so we have better change to get more profit by investing our money in  bitcoin.

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May 09, 2017, 04:31:25 AM
 #7669

We need to understand a thing. Precious metals as well as cryptocurrencies have their own advantages.

If you want a long term conservative investment, then precious metals are at your disposal.

If you want to ride the price movements and to be protective at the same moment.

Then Hedge.

Total availability of gold : Total availability of bitcoins

Find out the ratio and form a discipline. Invest in either when cheaper and also set a stop loss.

You are good to go. Don't be more greedy. Always get out of expensive assets as soon as they reach the reasonable highs and move your money to cheaper ones.

Agree with other points but with the moving with the cheaper ones that gets it risky. The cheaper the faster they vanish at the crypto world.
I remember trading at Yobit and buy cheap ones and then just a day they turn zero.
I would rather stay with the expensive ones like gold. It will a better output after more years to come.
Bitcoin is good for now and as long as there are people who could be invited into investing in it, then I think the price might get more higher.

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May 09, 2017, 05:20:59 AM
 #7670

Hi,

Pardon me for the confusion.

What i meant cheaper is

If bitcoin is cheaper comparatively to gold, then invest in bitcoin.

If Gold is cheaper comparatively to bitcoin, then proceed with gold.

If you stick to the ratio of availability, you can easily predict the reasonable demand and weed out the noises of hype or manipulations in an asset. That way you can set yourself the entry point and exit point based on your risk appetite.

Eventhough 99% odds are with you, that doesn't mean you will win for sure.

Gold & Silver ;; Bitcoin & Ethereum are better pairs. I wont go outside of them. Still choosing an asset for investment out of the four is pretty much subjective based on the risk appetite. Profit & Risks go hand by hand.

Choose your risk and choose your profit.
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May 09, 2017, 05:32:12 AM
 #7671

It is understandable why gold is compared to Bitcoin and do it mainly because there is a limited gold reserve on the planet as well as a certain amount of Bitcoin. Of course Bitcoin Gold is a good investment, only in the case of Bitcoin it is a long-term investment unlike gold that can generate revenue all the time. But I would choose gold because of the fact that with him you feel more confident.
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May 09, 2017, 06:52:30 AM
 #7672

Both, bitcoin and gold. Investing in bitcoin can make a profit faster than gold. Probably a great idea if we invest in bitcoin, and from the profits we buy gold. Because gold is an investment for a long time. Loss if investing in gold in just a few years.
i think bitcoin is very much better than gold because bitcoin is digital currency which going to high its price everyday and a lot of people are using bitcoin we can say that bitcoin is useful currency and gold is just a precious metal and gold is too much stable .
i think gold and bitcoin has their own values. we cannot deny the importance of any one. gold is best for saving as its price remain constant and do not change, while bitcoin is best for investment, because we can observe a good fluctuation in the price of bitcoin, so we have better change to get more profit by investing our money in  bitcoin.
Well, i also have such thoughts. Gold and bitcoin share a common advantage, but basically bitcoin can create more profit opportunities than gold. Personally, I prefer bitcoin than gold for now.

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May 09, 2017, 06:55:27 AM
 #7673

A good way out of the situation when you do not know what exactly to choose Bitcoin or gold, what it was necessary to know it is necessary to choose tactics I earn money for Bitcoin I invest money in gold. Them already when there is a final result good money can be invested in Bitcoin, at a prospective price in the future.
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May 09, 2017, 10:20:44 AM
 #7674

Silver because it is the best bet for exponential appreciation if the economy collapses or there is extreme inflation.

It's spot price is currently way below what it usually sells for as compared to Gold.
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May 09, 2017, 10:30:04 AM
 #7675

One key factor where Bitcoin truly shines is its rarity. While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence. Whenever supply is restricted and demand is high, price goes up, so for me Bitcoin will continue to be a better store of value than Gold.
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May 09, 2017, 10:57:29 AM
 #7676

Gold has always been and will be the most reliable investment, but I share my funds between gold and bitcoin for a faster profit.
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May 09, 2017, 04:21:08 PM
 #7677

One key factor where Bitcoin truly shines is its rarity. While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence. Whenever supply is restricted and demand is high, price goes up, so for me Bitcoin will continue to be a better store of value than Gold

Thinking of rarity in the way you do is meaningless

In other words, you can't possibly say that Bitcoin is rarer than gold (or the other way around). You can say that there are only 21M bitcoins (which somehow seems not a big deal) but I can easily challenge that point and claim that there are in fact 2114 satoshi which are intuitively not as rare as measly 21 million bitcoins. I hope you can see now that numbers alone taken only by themselves don't mean a lot in respect to scarcity

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May 09, 2017, 04:53:27 PM
 #7678

Bitcoin's one tool to speculate in search for profit. It's too early to make bitcoin and invest all the savings in bitcoin, because bitcoin prices still fluctuate differently from gold that has stabilized value and remains a potential investment option for future.

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May 09, 2017, 05:17:10 PM
 #7679

Bitcoin's one tool to speculate in search for profit. It's too early to make bitcoin and invest all the savings in bitcoin, because bitcoin prices still fluctuate differently from gold that has stabilized value and remains a potential investment option for future.

I'm more interested in bitcoin. Bitcoin is able to make more and faster profits from gold. And although risk is definitely higher than gold. Good chance to invest in bitcoin.
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May 09, 2017, 05:48:51 PM
 #7680

We need to understand a thing. Precious metals as well as cryptocurrencies have their own advantages.

If you want a long term conservative investment, then precious metals are at your disposal.

If you want to ride the price movements and to be protective at the same moment.

Then Hedge.

Total availability of gold : Total availability of bitcoins

Find out the ratio and form a discipline. Invest in either when cheaper and also set a stop loss.

You are good to go. Don't be more greedy. Always get out of expensive assets as soon as they reach the reasonable highs and move your money to cheaper ones.

It doesn't seem to me that gold really creates wealth as opposed to just preserves what you already have. Over long periods of time, it tends to track inflation. Over short periods of time, you have a lot of variability, but at that point you're just hoping to get lucky. Bitcoin on the other hand has more of a chance to create wealth based on its relatively low adoption rate, if you buy in to the idea that it will continue to expand and increased demand due to expansion will push the price up. Gold doesn't have that same advantage, but it also doesn't have the same volatility.

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