Bitcoin or gold?

[Fulmand]

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 have to convert all my money to either bitcoin or gold, I will choose gold. Why ? gold because it is way important this time and I'm sure it will be the same for the next 10-30 or 50 years. Gold can buy anything that is purchasable, but bitcoin cannot buy most of the things that can be bought by gold.

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[krisnt80]

I dont like gold because i cant use it without be worryed to be stolen in the street, with all financial problems around the world this is a cenario i do avoid, soo gold i do avoid really, even i dont store at home, i do like bitcoin that allow me to walk without any issues since no one knows i do have bitcoins. Besides those bitcoi has raised a lot and keeps being able to double and triple its value, something gold isnt able anymore, countries does control its value, if i could earn some gold as we can earn bitcoins i would have both, but only online.

[bryant.coleman]

I think that gold has all the more or less valid reasons to be considered the best investment goods, but at the same time Bitcoin is a good investment for a users

The difference is that gold has been used as an investment asset for more than 5,000 years now, while Bitcoin is just around 8 years old. With regards to market cap, gold is much larger than Bitcoin. Even the trade volumes are insanely higher for gold, when compared to Bitcoin. Another aspect is that derivative trading is well developed in gold, while it is almost nonexistent in Bitcoin.

[Gheka]

I'll just choose bitcoin for a long period of time, because I think that the result will be much different even though it's time, because bitcoin has always fluctuaktive properties so it makes me more interested in choosing bitcoin

Bitcoin will never fail to surprise you because you can earn a lot of money with just a minimal investment if you will let it stay for long term unlike gold that it will take a lot of decades before you can see that you are really earning with your investment. Because of the fluctuations of bitcoin, a lot of people are earning money passively and that is the biggest concern for the people who want to be rich.

Yeah, the main purpose of investing is because we want to make money, want to become richer in the future. And actually we should choose bitcoin, bitcoin can bring a lot of profit for us in a short time, I do not care about the long run. The profit of bitcoin in the short term is equal to the profit of gold in the long run, time to get a good return from gold is too long, and now we are not young, we do not have too much time to wait, Bitcoin will save us a lot of time

[8Habits]

I dont like gold because i cant use it without be worryed to be stolen in the street, with all financial problems around the world this is a cenario i do avoid, soo gold i do avoid really, even i dont store at home, i do like bitcoin that allow me to walk without any issues since no one knows i do have bitcoins. Besides those bitcoi has raised a lot and keeps being able to double and triple its value, something gold isnt able anymore, countries does control its value, if i could earn some gold as we can earn bitcoins i would have both, but only online.

Investing to both bitcoin and gold is really a wise decision. As what the all time saying that we shall not put all of our eggs in one basket - hence, diversification is a key and sound investment portfolio.

[Choy13]

Gold, hands down.

Bitcoin is for gambling/trading volatility on steroids, not a serious long term store of wealth.

I agree if we are going to look on the wider scale of bitcoin prefer to gold it has many usage and more capable on transaction, investments and trading where people can earn more at the same time save and a more reliable and easy transaction.

[Gameroid]

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 have to convert all my money to either bitcoin or gold, I will choose gold. Why ? gold because it is way important this time and I'm sure it will be the same for the next 10-30 or 50 years. Gold can buy anything that is purchasable, but bitcoin cannot buy most of the things that can be bought by gold.

if you just want to save your money for a long time then gold is the best choice, but i think if you want increase your investment then you should choose bitcoin because bitcoin is the only source through which you can increase your money, because there is very low risk of losing money in bitcoin investment.

[grermezter]

I dont like gold because i cant use it without be worryed to be stolen in the street, with all financial problems around the world this is a cenario i do avoid, soo gold i do avoid really, even i dont store at home, i do like bitcoin that allow me to walk without any issues since no one knows i do have bitcoins. Besides those bitcoi has raised a lot and keeps being able to double and triple its value, something gold isnt able anymore, countries does control its value, if i could earn some gold as we can earn bitcoins i would have both, but only online.

Investing to both bitcoin and gold is really a wise decision. As what the all time saying that we shall not put all of our eggs in one basket - hence, diversification is a key and sound investment portfolio.

I have always had so much faith in gold than in bitcoins and though Bitcoin has made me some very good money, i don't believe it will be as safe as Gold is ever, I believe with the current pricing, Bitcoin is more valuable than gold. Gold though not as profitable as bitcoin due to soaring value is the best investment because there is no other safer investment in the entire world.

[Syella.A]

For now I choose to bitcoin, all also know the price of bitcoin is currently high again. Maybe for more bitcoin investment in the future I doubt. I'm afraid the bitcoin price is down from the current price

[Vishnu.Reang]

Gold, hands down.

Bitcoin is for gambling/trading volatility on steroids, not a serious long term store of wealth.

I agree if we are going to look on the wider scale of bitcoin prefer to gold it has many usage and more capable on transaction, investments and trading where people can earn more at the same time save and a more reliable and easy transaction.

Apart from transactions, gold can be used for all the purposes which Bitcoin can be used. And there are certain advantages which are unique to gold. For example, gold can't be stolen by hackers (unless it is in paper gold format), while Bitcoins can be stolen by hackers.

[deisik]

Gold, hands down.

Bitcoin is for gambling/trading volatility on steroids, not a serious long term store of wealth.

I agree if we are going to look on the wider scale of bitcoin prefer to gold it has many usage and more capable on transaction, investments and trading where people can earn more at the same time save and a more reliable and easy transaction.

Apart from transactions, gold can be used for all the purposes which Bitcoin can be used. And there are certain advantages which are unique to gold. For example, gold can't be stolen by hackers (unless it is in paper gold format), while Bitcoins can be stolen by hackers.

But gold can be stolen by thieves too

Other than that, gold can be used for transactions as well. Indeed, no one is going to send gold bars to anyone (at least, not in massive amounts), but the payment system based on gold could work pretty much like Lightning Network is supposed to work. Say, you deposit a certain amount of gold in some vault from which a certain number of people (entities) have the keys, and then you can transact gold tokens which value matches the amount of gold you have. The difference from paper gold will be that you can't print more tokens than you actually have physical gold in the vault. And at the end of the day payments can be settled without involving real transfer of gold

[shirackjs]

I will keep both bitcoin and gold, never put all the eggs in one basket. Hence I have 2 baskets.

[FUKT]

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 the all criteria you've mentioned it's gold - it has been around for much longer can kill bacteria in the water, does not rely on electricity and should cost $10 000, when comparing to the January 1980 and adjusting to dollar inflation (M1 has grown 12 times since that time).

[Babylon]

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 think for 5 years bitcoin has proven a lot, it went down a little and grew up more. So, if I were to invest everything that I have between bitcoin and gold, I would invest in bitcoin. Bitcoin's price is surging and may keep on going till the end of the year, the demand is too high and a lot of people are holding in to their bitcoin. Unlike bitcoin, gold's price is a little stagnant and grows up or goes down only a little as year go by.

[Trela]

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 have to convert all my money to either bitcoin or gold, I will choose gold. Why ? gold because it is way important this time and I'm sure it will be the same for the next 10-30 or 50 years. Gold can buy anything that is purchasable, but bitcoin cannot buy most of the things that can be bought by gold.

if you just want to save your money for a long time then gold is the best choice, but i think if you want increase your investment then you should choose bitcoin because bitcoin is the only source through which you can increase your money, because there is very low risk of losing money in bitcoin investment.

Are you sure? With the volatility of Bitcoin market, you can loss your money easy, don't let you joining market when the time green Bitcoin make you think Bitcoin investment in short time is good and easy eanr profit.

[FUKT]

I think for 5 years bitcoin has proven a lot, it went down a little and grew up more. So, if I were to invest everything that I have between bitcoin and gold, I would invest in bitcoin. Bitcoin's price is surging and may keep on going till the end of the year, the demand is too high and a lot of people are holding in to their bitcoin. Unlike bitcoin, gold's price is a little stagnant and grows up or goes down only a little as year go by.

Yes, but one of the parts of the equation was to keep it untouched for 10 years. Would you be willing to risk putting all you have in BTC, without touching it for 10 years no matter what?

[deisik]

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 the all criteria you've mentioned it's gold - it has been around for much longer can kill bacteria in the water, does not rely on electricity and should cost $10 000, when comparing to the January 1980 and adjusting to dollar inflation (M1 has grown 12 times since that time)

You seem to be confusing gold with silver

Silver is a distinguished antibacterial agent, though I don't know much about gold in this respect (I guess it shouldn't since it is completely insoluble and inert). Regarding prices of gold, that remains to be seen as well. I don't think you can directly compare monetary aggregates including M1 with the price of gold. That could hypothetically make some sense if all other things had been kept the same but the problem is they weren't. You don't count in the growth in population, you completely discard the labor productivity and working efficiency increases as well as growth of the economy itself. As to me, today's prices of gold are perfectly sensible from an economic point of view

[Kiweikoo]

I will keep both bitcoin and gold, never put all the eggs in one basket. Hence I have 2 baskets.

Lol, too much concerned about future. Indeed it is wise to invest into both but invest larger portion of your income into bitcoins than into gold. Bitcoins are the future of the world. They can generate profit faster than any other investment. Good luck to you for investing into both!

[Osarman]

I think for 5 years bitcoin has proven a lot, it went down a little and grew up more. So, if I were to invest everything that I have between bitcoin and gold, I would invest in bitcoin. Bitcoin's price is surging and may keep on going till the end of the year, the demand is too high and a lot of people are holding in to their bitcoin. Unlike bitcoin, gold's price is a little stagnant and grows up or goes down only a little as year go by.

Yes, but one of the parts of the equation was to keep it untouched for 10 years. Would you be willing to risk putting all you have in BTC, without touching it for 10 years no matter what?

Indeed, in the current year, bitcoins are doing much better than gold. Bitcoins have created a new history in the crypto market. No other coin has reached this value ever before. I believe that bitcoins will further rise till the end of this year. On the whole, choosing bitcoins over gold is the need of time.

[YTBitcoin]

I'll just choose bitcoin for a long period of time, because I think that the result will be much different even though it's time, because bitcoin has always fluctuaktive properties so it makes me more interested in choosing bitcoin

Yeah bitcoin is much better than gold and definitely bitcoin is volatile than gold, it has been more popular than gold it just came down to volatility preference, today the rates and the demand of the bitcoin is still growing and you can carry a lot of bitcoin together wherever you want but we cannot takes a lot of gold at the same time so bitcoin is more convenient than gold.