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Author Topic: Bitcoin or gold?  (Read 984457 times)
batang_bitcoin
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May 14, 2017, 08:01:53 AM
 #7761

I go gold all in.Yeah bitcoins is a good storage of wealth but bitcoin may fall too,its risky to put all wealth on bitcoins because anytime it may be beaten up by any cryptocurrency around now or currency on future

If you are thinking about bitcoins fall, the only fall that is possible to happen and is coming to my mind is a short fall in the price. I find bitcoin as stable as gold and for me this is much better investment for me and it suites me. I want to have gold soon after selling some of my bitcoin.

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klf
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May 14, 2017, 08:56:29 AM
 #7762

I go gold all in.Yeah bitcoins is a good storage of wealth but bitcoin may fall too,its risky to put all wealth on bitcoins because anytime it may be beaten up by any cryptocurrency around now or currency on future

I think gold is the good storage of wealth. we all know that the value of gold is now stable and cant be moved depends on the demand on the market. but bitcoin is just in its early stage where you could store certain amount of money and can gain profit in a matter of time.

Even gold prices are moves up and down due to its demand and supply but its prices always move very slow and study. But bitcoins prices are more fluctuating because it is not controlled or regulated by any government bodies. I choose to invest in both of them but more in gold and small amounts in bitcoins and other cryptocurrencies.
VanDeinsberg12
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May 14, 2017, 09:03:35 AM
 #7763

for current situation we should select gold for next 10 year, because we dont know when government will BAN cryptocurrencies or Bitcoin and gold is not going to ban for use so i would prefer gold for now will think after 10 year about bitcoin  Grin
Picking gold is not a bad choice actually because its a good investment especially for long term you just have to wait for the right time because the value of it is increasing just like bitcoin, however for now i will choose btc because i can see that the price is really good and this is rare chance to invest.
For the long term I think picking gold is a good choice. Because gold investment will definitely be very safe. But I think for long term bitcoin also has good potential. Make sure you consider it.
The more development on bitcoin will bring another potential for bitcoin become a long term investment. Such as the increase of blocksize will make more adoption for bitcoin itself. I mean all of the attention gets centralized on bitcoin. Gold is good as a stable investment.

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fujyo86
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May 14, 2017, 09:42:05 AM
 #7764

I chose bitcoin, because with only 10 dollars I can already have bitcoin. While in gold it cann't be. Investment in gold must be in large quantities to generate profits also large.
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May 14, 2017, 10:48:21 AM
 #7765

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
I would choose bitcoin since its price is steadily increasing.Bitcoin is slowly getting attention of gold investors and many have started investing in bitcoin,the digital gold.Bitcoin is predicted to move in bullish trend through out this year and i hope it would continue in the following years also.

Chachacoin17
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May 14, 2017, 02:43:39 PM
 #7766

Bitcoin because it is stable unlike gold. Bitcoin can increase more than the price unless gold we dont know the price maybe down or higher, it depends only if the demand will rise or not. Well there is certain situations that both of them are similar in terms of price unpredictable to guess and in reality btc has the most advantages today if price is the reference point.
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May 14, 2017, 04:13:08 PM
 #7767

I chose bitcoin, because with only 10 dollars I can already have bitcoin. While in gold it cann't be. Investment in gold must be in large quantities to generate profits also large.

if you want to gain profit bitcoin is for you. As we all know that bitcoin is just in its early stage, this year will be the year for cryptocurrency lets watch out for the outbreak when china finally embraces bitcoin. while if you want to just store your money gold must be good for you. gold's value is stable and can be reliable to have youre money stored.
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May 14, 2017, 04:42:46 PM
 #7768

for current situation we should select gold for next 10 year, because we dont know when government will BAN cryptocurrencies or Bitcoin and gold is not going to ban for use so i would prefer gold for now will think after 10 year about bitcoin  Grin
Picking gold is not a bad choice actually because its a good investment especially for long term you just have to wait for the right time because the value of it is increasing just like bitcoin, however for now i will choose btc because i can see that the price is really good and this is rare chance to invest.
For the long term I think picking gold is a good choice. Because gold investment will definitely be very safe. But I think for long term bitcoin also has good potential. Make sure you consider it.
You could prefer gold to be the best investment, if you are not interested to face risks as well expect a sustained earning. The reason is that one who doesn't have the better understanding easily ignore bitcoin and invest into gold. Same time who invest into bitcoin earns the profit in a day if lucky.
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May 14, 2017, 05:12:06 PM
 #7769

I think that while bitcoin is so rapidly going up, no one will choose gold. All will prefer to use and invtstirovat in bitcoin. But gold is stability that bitcoin does not have
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May 14, 2017, 09:37:44 PM
 #7770

I chose bitcoin, because with only 10 dollars I can already have bitcoin. While in gold it cann't be. Investment in gold must be in large quantities to generate profits also large.

if you want to gain profit bitcoin is for you. As we all know that bitcoin is just in its early stage, this year will be the year for cryptocurrency lets watch out for the outbreak when china finally embraces bitcoin. while if you want to just store your money gold must be good for you. gold's value is stable and can be reliable to have youre money stored.

At the moment I am very surprised by "wannacry" malware news endemic all over the world, they are impressed are players in cryptocurrency and create terror for all of us. In this case I think again to assess gold better in terms of security because it can be stored in bank and we only need to hold a legitimate ownership note.
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May 14, 2017, 09:46:51 PM
 #7771

I chose bitcoin, because with only 10 dollars I can already have bitcoin. While in gold it cann't be. Investment in gold must be in large quantities to generate profits also large.

if you want to gain profit bitcoin is for you. As we all know that bitcoin is just in its early stage, this year will be the year for cryptocurrency lets watch out for the outbreak when china finally embraces bitcoin. while if you want to just store your money gold must be good for you. gold's value is stable and can be reliable to have youre money stored.

At the moment I am very surprised by "wannacry" malware news endemic all over the world, they are impressed are players in cryptocurrency and create terror for all of us. In this case I think again to assess gold better in terms of security because it can be stored in bank and we only need to hold a legitimate ownership note.
If you store your gold in a bank, and get whatever document stating that you have x amount of gold, you don't actually own the gold. What you own is a worthless document in case the bank goes down.

Bitcoin is basically gold ~ whether you store $1 worth of Bitcoin, or $1 billion worth of Bitcoin, you'll just need your private key(s) to gain access to your coins at any time.

If you store your private key(s) offline in a safe place, you have the best possible security that comes at no cost, and you at all times have full ownership of your coins. No need to trust a third party for that. Wink

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May 15, 2017, 05:53:40 AM
 #7772

I chose bitcoin, because with only 10 dollars I can already have bitcoin. While in gold it cann't be. Investment in gold must be in large quantities to generate profits also large.

if you want to gain profit bitcoin is for you. As we all know that bitcoin is just in its early stage, this year will be the year for cryptocurrency lets watch out for the outbreak when china finally embraces bitcoin. while if you want to just store your money gold must be good for you. gold's value is stable and can be reliable to have youre money stored.

At the moment I am very surprised by "wannacry" malware news endemic all over the world, they are impressed are players in cryptocurrency and create terror for all of us. In this case I think again to assess gold better in terms of security because it can be stored in bank and we only need to hold a legitimate ownership note.
If you store your gold in a bank, and get whatever document stating that you have x amount of gold, you don't actually own the gold. What you own is a worthless document in case the bank goes down.

Bitcoin is basically gold ~ whether you store $1 worth of Bitcoin, or $1 billion worth of Bitcoin, you'll just need your private key(s) to gain access to your coins at any time.

If you store your private key(s) offline in a safe place, you have the best possible security that comes at no cost, and you at all times have full ownership of your coins. No need to trust a third party for that. Wink

You are explaining about bitcoin and gold very well. I also vote for bitcoin, and personally i think bitcoin is a same like gold or diamond.
Because now bitcoin price too high than its mean it is too expensive like gold and diamond.
But same like you, who hold the bitcoin when it came, its price was only $1 than they will be rich now because of bitcoin not from gold. So why not we prefer the bitcoin than gold.









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kpcian
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May 15, 2017, 01:14:04 PM
 #7773

If you think about the acceptability and availability then I would prefer gold to Bitcoin, I don't think that Bitcoin hasn't any credibility and availability in current situation but it needs more way to go and more spread out over the world. Many a countries still doesn't allow Bitcoin but hopefully within very soon Bitcoin will be a popular media of exchange.
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May 15, 2017, 01:19:04 PM
 #7774

If you think about the acceptability and availability then I would prefer gold to Bitcoin, I don't think that Bitcoin hasn't any credibility and availability in current situation but it needs more way to go and more spread out over the world. Many a countries still doesn't allow Bitcoin but hopefully within very soon Bitcoin will be a popular media of exchange.

Yes, gold is now more popular and reliable. Bitcoin still needs to develop a lot to reach this level.

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futureofbitcoin
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May 15, 2017, 01:40:58 PM
 #7775

If you think about the acceptability and availability then I would prefer gold to Bitcoin, I don't think that Bitcoin hasn't any credibility and availability in current situation but it needs more way to go and more spread out over the world. Many a countries still doesn't allow Bitcoin but hopefully within very soon Bitcoin will be a popular media of exchange.

Bitcoin cannot be used at physical places at a moment as the usage and acceptance of bitcoin is limited but its an good form of investment and I am pretty sure that it can give you better and higher returns then gold in long term as no one knows how higher the price of bitcoin can go in future.
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May 15, 2017, 02:05:31 PM
 #7776

If you think about the acceptability and availability then I would prefer gold to Bitcoin, I don't think that Bitcoin hasn't any credibility and availability in current situation but it needs more way to go and more spread out over the world. Many a countries still doesn't allow Bitcoin but hopefully within very soon Bitcoin will be a popular media of exchange.

Yes, gold is now more popular and reliable. Bitcoin still needs to develop a lot to reach this level.
That's right. To make everyone around the world be able to use bitcoin at once time, And bitcoin should need more improvement such as the on-chain development and off-chain development.
SegWit, LN is good example for the bitcoin improvement.
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May 15, 2017, 02:30:13 PM
 #7777

If you think about the acceptability and availability then I would prefer gold to Bitcoin, I don't think that Bitcoin hasn't any credibility and availability in current situation but it needs more way to go and more spread out over the world. Many a countries still doesn't allow Bitcoin but hopefully within very soon Bitcoin will be a popular media of exchange.

You're are in a sense that Bitcoin is not available and acceptable legally everywhere but then whats the use of Gold even if it is available and acceptable everywhere which it can give as much profit as bitcoins can give. Bitcoin is for newer generation who are active and wanna take quick benefits of this digital currency while gold is for the Old people who are not much active and satisfied with the slow outcome of profits by gold.
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May 15, 2017, 04:27:29 PM
 #7778

If you think about the acceptability and availability then I would prefer gold to Bitcoin, I don't think that Bitcoin hasn't any credibility and availability in current situation but it needs more way to go and more spread out over the world. Many a countries still doesn't allow Bitcoin but hopefully within very soon Bitcoin will be a popular media of exchange.

You're are in a sense that Bitcoin is not available and acceptable legally everywhere but then whats the use of Gold even if it is available and acceptable everywhere which it can give as much profit as bitcoins can give. Bitcoin is for newer generation who are active and wanna take quick benefits of this digital currency while gold is for the Old people who are not much active and satisfied with the slow outcome of profits by gold.

I disagree with you. And the elderly and young people alike want to get rich fast. And I've seen many investors in the age who enjoy bitcoin. It does not depend on age.
It all depends on how much bitcoin is popular among people

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May 15, 2017, 04:37:32 PM
 #7779

I chose bitcoin, because with only 10 dollars I can already have bitcoin. While in gold it cann't be. Investment in gold must be in large quantities to generate profits also large.

if you want to gain profit bitcoin is for you. As we all know that bitcoin is just in its early stage, this year will be the year for cryptocurrency lets watch out for the outbreak when china finally embraces bitcoin. while if you want to just store your money gold must be good for you. gold's value is stable and can be reliable to have youre money stored.

At the moment I am very surprised by "wannacry" malware news endemic all over the world, they are impressed are players in cryptocurrency and create terror for all of us. In this case I think again to assess gold better in terms of security because it can be stored in bank and we only need to hold a legitimate ownership note.
If you store your gold in a bank, and get whatever document stating that you have x amount of gold, you don't actually own the gold. What you own is a worthless document in case the bank goes down.

Bitcoin is basically gold ~ whether you store $1 worth of Bitcoin, or $1 billion worth of Bitcoin, you'll just need your private key(s) to gain access to your coins at any time.

If you store your private key(s) offline in a safe place, you have the best possible security that comes at no cost, and you at all times have full ownership of your coins. No need to trust a third party for that. Wink

You are explaining about bitcoin and gold very well. I also vote for bitcoin, and personally i think bitcoin is a same like gold or diamond.
Because now bitcoin price too high than its mean it is too expensive like gold and diamond.
But same like you, who hold the bitcoin when it came, its price was only $1 than they will be rich now because of bitcoin not from gold. So why not we prefer the bitcoin than gold.

True, malware news "wannacry" has become a terror for kriptocoin users. I'm sure, it's soon gone. In fact the malware news will popularize crypto more broadly. Well, save the best gold is at home not in the bank. Because i think, precious gold is a physical form, not a note ownership.
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May 15, 2017, 04:54:52 PM
 #7780

Bitcoin for short term and gold for the long term as both of them are the best form of an investments gold has already proven its potential and even bitcoin is moving in a positive direction so both of them seems to be an best place for making an investments.

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