Bitcoin or gold?

[deisik]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit

I guess you can't directly compare gold and Bitcoin

They are completely different assets, though neither can be called an investment in true sense of the word. Bitcoin is too volatile and thus too risky to be a reliable investment. Its main application is in trading for short-to-mid term speculation. Gold, on the other hand, is not risky and thus not profitable, so it is largely used as a store of value, not as an investment vehicle, you won't earn profits with it. In fact, during the last 40 years or so keeping gold would bring you only losses (not big but still)

[jaysabi]

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

Denominating in satoshis instead of bitcoins hasn't done anything to make it less rare. If you count bitcoins or count satoshis, it doesn't change the amount of Bitcoin in the world or make it less rare or otherwise alter his premise. He's saying Bitcoin is valuable because it's rare and finite. Breaking a Bitcoin down into satoshis doesn't challenge either of those premises

Well, it hasn't done anything

But that should have been expected. Moreover, that was exactly my point if you didn't get it. I just wanted to show that numbers alone are meaningless. There is no abstract scarcity, i.e. you can't say if 1 is more scarce than 2, in general. So just saying (or implying) that there are over 5.5 billions of troy ounces of gold mined till now and therefore Bitcoin with its 21M of coins (and with some coins yet to be mined) is more rare (scarce) than gold is as meaningless

This second explanation was much more clear than your original, because that point definitely didn't come across the first time. Your first response didn't mention the comparison of bitcoins to gold, it only mentioned as a counter point to Bitcoin's "rarity" that 21 million coins can be divided into 21^14 satoshis, which logically doesn't make it any more or less rare than it was before

I did that intentionally

In fact, I even somewhat expected (should I say provoked?) that reply to lead you (as well as other readers, for that matter) to better understanding of what scarcity is and what it is not. Now it's time to drop gold from the equation completely. And if we drop gold, what does it change? Did Bitcoin's 21M coins become less scarce or more abundant? Well, that seems to mean the same, but never mind since it is basically the same as with 21⁶ bitcoins versus 21¹⁴ satoshi. The numbers alone, when taken in isolation, don't mean anything (in respect to scarcity, at least). Indeed, you could judge scarcity in an absolute sense of sorts (i.e. how many bitcoins can exist in the Universe) and claim, for example, that 21M bitcoins is certainly less abundant than 22M bitcoins (provided the latter was possible), but it doesn't have any practical implication since in real life just 1M bitcoins can be more abundant (i.e. less scarce) than 10M bitcoins

That's borderline ridiculous. I don't believe for a second you plotted out a little breadcrumb trail you wanted people to follow, or that you better understand scarcity than anyone else on the boards. It appears you just got caught spouting non-sequitur nonsense and tried to retcon it into a "this was my master plan all along" scenario, especially since your response is still not on point and you're still differentiating about bitcoins vs. satoshis when that was never part of the original premise. That was an idea only you introduced, and which still isn't relevant. OP's original point was bitcoin is more rare because there is a limited amount that can come into existence. This is an incomplete thought, as it says nothing about gold, but I believe the implication is that while gold is also finite, we don't know how much of it there is, and can't speak to it's ultimate rarity. I believe that was OP's point, just poorly articulated. All the tangent about how you divide it up (bitcoins or satoshis, and relatedly pounds or ounces) is irrelevant, especially since OP didn't mention it. I think you inferred his meaning, and inferred wrong, then initiated an irrelevant tangent.

[jaysabi]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit.

This is silly. Gold is far more liquid than bitcoin on a global scale, although at the present rate, I would expect bitcoin to eventually reach parity there.  For however easy you think it is to convert bitcoin into fiat, there are far more financial institutions who will do so for gold, so the idea that gold can't be converted into money anytime while bitcoin can is false.  Further, bitcoin needs the internet is a weakness, not a strength. Gold exists in electronic form (futures, synthetic financial instruments, etc.) but also can be withdrawn and take a physical form. Bitcoin only exists in the blockchain. One thing where you are probably right though is that at this point it may be easier to transact with bitcoin, although I say maybe because I'm not aware of, and have never looked into, a way to make regular commercial transactions with gold, although I know there used to be gold-based electronic wallets. I don't know if they're still around or were ever very viable.

[asdalani]

ofcourse bitcoin!
Bitcoin can double its own value in just a couple of a days just like yesterday bitcoin hits 2500$.
Unlike gold it takes soany years just to double its value and now adays technology came popular to people.

I think that Gold could do the same thing if enough people try to purchase it since the supply of Gold is very limited compared to Bitcoin. I think that most of people that like Bitcoin don’t really understand that concept and is kind of blinded to their own unreality.

[szpalata]

I think I will rathe convert my wealth into gold because it's been stable for since MSN discovered it and has been precious and in constant demand. It can also be physically handled and saved from theives but Bitcoin despite the fact that it can skyrocket in prices it hasn't built up much reputation yet for me to leave my investments in it for solid ten years. It's too risky even though I'm not predicting doom for it.

[Jewell]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit.

i will also prefer to bitcoin over gold. although gold is also a good and safe investment. but still it cannot give me such a good profit that we can expect from bitcoin. the price of bitcoin is changing from time to time and therefore there are more chances that if the price of bitcoin goes up it will give us good profit. therefore bitcoin is really a good investment.

most of the people are giving preference to bitcoin over gold and the reason is only that most of the people are investing their money to make more and increases their assets, and there are more chances that if the value of bitcoin will increase so it will give good profit to the people as compare to gold. those people who have invested money in bitcoin when the price of trading about 1200 USD level. now their investment is double and who invested money in very beginning of 2016 now their investment is forth time.

[hawkins]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit.

i will also prefer to bitcoin over gold. although gold is also a good and safe investment. but still it cannot give me such a good profit that we can expect from bitcoin. the price of bitcoin is changing from time to time and therefore there are more chances that if the price of bitcoin goes up it will give us good profit. therefore bitcoin is really a good investment.

most of the people are giving preference to bitcoin over gold and the reason is only that most of the people are investing their money to make more and increases their assets, and there are more chances that if the value of bitcoin will increase so it will give good profit to the people as compare to gold.

Because I feel that it is the biggest advantage of bitcoin. Well, those who are able to take advantage of it will see bitcoin as a better thing than gold, and I am also one of them.

[Konthol Ngaceng]

Everyone is trying to divert their investments to the bitcoin, they sell all gold and replaced it with bitcoin, I think gold is better than bitcoin because gold is an investment that's been proven many thousands of years.

[Kisanaq]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit.

i will also prefer to bitcoin over gold. although gold is also a good and safe investment. but still it cannot give me such a good profit that we can expect from bitcoin. the price of bitcoin is changing from time to time and therefore there are more chances that if the price of bitcoin goes up it will give us good profit. therefore bitcoin is really a good investment.

most of the people are giving preference to bitcoin over gold and the reason is only that most of the people are investing their money to make more and increases their assets, and there are more chances that if the value of bitcoin will increase so it will give good profit to the people as compare to gold.

Because I feel that it is the biggest advantage of bitcoin. Well, those who are able to take advantage of it will see bitcoin as a better thing than gold, and I am also one of them.

We must honestly say that bitcoin is better than gold, gold has never climbed up to 100% within a week but bitcoin several times already. I select the bitcoin than gold for now.

[conected]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit.

i will also prefer to bitcoin over gold. although gold is also a good and safe investment. but still it cannot give me such a good profit that we can expect from bitcoin. the price of bitcoin is changing from time to time and therefore there are more chances that if the price of bitcoin goes up it will give us good profit. therefore bitcoin is really a good investment.

most of the people are giving preference to bitcoin over gold and the reason is only that most of the people are investing their money to make more and increases their assets, and there are more chances that if the value of bitcoin will increase so it will give good profit to the people as compare to gold.

Because I feel that it is the biggest advantage of bitcoin. Well, those who are able to take advantage of it will see bitcoin as a better thing than gold, and I am also one of them.

We must honestly say that bitcoin is better than gold, gold has never climbed up to 100% within a week but bitcoin several times already. I select the bitcoin than gold for now.

- Yeah, gold has passed its peak and now it was old, it is no longer attractive and could not bring investors a good profit. Now there are only a few people who invest in gold because they think gold is safe and they do not know about bitcoins, but I think if they know the bitcoin profits can bring, they will definitely sell gold and buy bitcoin. Bitcoin is better than gold, the price of bitcoin always increase steady and the chances of us becoming rich in the future with bitcoin are huge

[icerose]

I think bitcoin is much better because of its increase in value but it fluctuates way too much, in reality the best way to go is a combination of the two plus other things to provide a well diversified portfolio.

[BeGoods]

I have both but I prefer BTC to gold.. More fun to have 

I agree with you investing in bitcoin is more fun than investing in boring gold, the gold movement is so slow so the choice of investing in gold is just holding back for the long term

[JefLiber]

I have both but I prefer BTC to gold.. More fun to have 

I agree with you investing in bitcoin is more fun than investing in boring gold, the gold movement is so slow so the choice of investing in gold is just holding back for the long term

How would I not like to speak honestly about the crypto-currency and more carefully promote Bitcoin to the masses? I still remain a supporter of the fact that gold has weight in the financial sector of the economy. All this time since the civilization has been entrenched on Earth, gold has always been a matter of wealth.

[cotton ball]

Gold is very popular even today many people still keep it well or trade in bond stocks. But I prefer bitcoin because its utility level is very different, gold is an immovable investment asset but has a price trend that never goes down even though its movement is very slow. Bitcoin has a dual role, other than as an investment asset, bitcoin has value as a currency with faster movement than gold. Because I'm young and full of ideas and passion, bitcoin is the top choice right now.

[Prettygirl01315]

Gold is very popular even today many people still keep it well or trade in bond stocks. But I prefer bitcoin because its utility level is very different, gold is an immovable investment asset but has a price trend that never goes down even though its movement is very slow. Bitcoin has a dual role, other than as an investment asset, bitcoin has value as a currency with faster movement than gold. Because I'm young and full of ideas and passion, bitcoin is the top choice right now.

Gold is good for storing your wealth. having shares on gold is good as it is the best asset that the value cant be dump. we all know that gold is one of the hardest mineral on earth that is hard to mine. so it is hard de devalue

[DainSLane]

Both because i will use gold to buy bitcoin and hold my coins for year/s or waiting the price go pump then exchange my coins to real money and buy gold.

[gracia0023]

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.

For ten years timeline of saving gold and bitcoin?
I will choose both!
Gold is still gold and never depreciate the value. As time goes by the value of gold increase due to the demand in the world market of gold while bitcoin is rising as new crypto currency and more country in the world are using bitcoin. For ten years of time frame believing bitcoin increase the value and became stable.

[Limbor]

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.

For ten years timeline of saving gold and bitcoin?
I will choose both!
Gold is still gold and never depreciate the value. As time goes by the value of gold increase due to the demand in the world market of gold while bitcoin is rising as new crypto currency and more country in the world are using bitcoin. For ten years of time frame believing bitcoin increase the value and became stable.

I think that you should not bother to even think about how good gold was. It seems to me that for all of its existence this precious metal has done a lot of good and sorrow and even now it is very much appreciated in all circles of our society unlike Bitcoin, which has not gained such a strong popularity among people, for the time being.

[madwica]

Both because i will use gold to buy bitcoin and hold my coins for year/s or waiting the price go pump then exchange my coins to real money and buy gold.

That was good that you afford to invest in gold and bitcoin i think you will gain much more profit for holding it for long period of time because me i can not afford to buy or invest in gold because of the high value of it, that is why i choose only in bitcoin to invest but if i will be successful and i can already afford to invest in gold i will do also invest in gold to make much more income in the future.

[bncbnc]

Both because i will use gold to buy bitcoin and hold my coins for year/s or waiting the price go pump then exchange my coins to real money and buy gold.

That was good that you afford to invest in gold and bitcoin i think you will gain much more profit for holding it for long period of time because me i can not afford to buy or invest in gold because of the high value of it, that is why i choose only in bitcoin to invest but if i will be successful and i can already afford to invest in gold i will do also invest in gold to make much more income in the future.

to me i think if you invest your money on bitcoin for making profit, then it is just to waste the time, because we can expect a very slight change in the price of bitcoin, even after a long long time. to me i think if you want to make money then you need to invest your assets in trading altcoin. from where you have more chances to make good profit in a very very short period of time.