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Author Topic: Bitcoin or gold?  (Read 984414 times)
baryonlee
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September 06, 2017, 05:03:06 AM
 #9001

No long anything. because bitcoin was forked, which chain is true?
Shomeare1932
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September 06, 2017, 05:44:33 AM
 #9002

Bitcoin's largest gain in excess of Gold: Its purely virtual and can thus be sent over the internet to wherever in an quick.Gold's biggest edge over Bitcoin: You can hold it in your arms.
lixer
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September 06, 2017, 08:32:38 AM
 #9003

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.
Both. They are all sources of wealth after all. Who doesnt want them anyway? I mean, they would go up as time passes by

I agree with you. Owning both the assets is the best thing to do. It will reduce the risks, as gold is a stable asset. Also, it will increase the chances of good returns as Bitcoin is a very volatile form of investment. But both will need separate type of storage, as Bitcoin is a digital asset, and gold is a physical asset. But you can overcome this challenge by storing Bitcoin in hardware wallets.
I think keeping up both the things will not be a good approach. You should choose either of these. Reason being things will be difficult for you to manage if you’ll be dealing with both of them. I will suggest you to make a comparison and go for the one which more money and better future.

Rhosadah
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September 06, 2017, 09:26:42 AM
 #9004

Bitcoin is exactly like that, but the difference is that it is digital or invisible. So now imagine you've turned the gold into something virtual and stored on your computer or smartphone. Bitcoin has all the important aspects that gold has, but it looks like a pulse.amazing, is not it?
We can summarize that Bitcoin has gold-like characteristics as follows:
The supply is limited, where there will be only 21 million Bitcoins scattered in the world, not created by the Central Bank / government, but by an unknown party whose identity is not produced or controlled by an individual, group or company impossible to duplicate or counterfeit : Durable and not easily destroyed, Retrieved by mined, but using program mining and mathematical algorithms: Can be transacted worldwide: Transactions are irreversible, meaning once Bitcoin is given to someone else's hand, the transaction can not be canceled unless the person is willing to send Bitcoinnya back, Can be exchanged and traded with various currencies in the world.
The above characteristics prove that in addition to its digital form, Bitcoin is more or less similar to gold.but you need to know that there are some things that cause Bitcoin better than gold.
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September 06, 2017, 12:30:43 PM
 #9005

My question. Now is it too late to buy bitcoin? I've been thinking of buying btc from gold. But seeing the high price makes me rethink to buy

Considering the history of Bitcoin nothing is wrong time ideally for purchasing it . Also future seems to bright as many countries looking to leaglized the coin and this may boost the deannd much higher . Price would certainly be taking a high in coming time and you can book profits from the rise .

Also currently there is a little correction has happened so it's a buying opportunity at present .
If I’m in a situation where I’m to chose only one, then I will go for bitcoin. I don’t  really have time for gold, bitcoin is simple and is done online. Gold is carried out physically, and needs to be accessed immediately or near immediately. If you try to get into online sites that claims to store gold for you, then you’re likely to get scammed.

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filharvey
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September 06, 2017, 01:08:36 PM
 #9006

Gold has been saved as an asset by people for centuries.It has been considered as safe investment.People did not go for other options these much days because they didn't find ant other best alternative for gold.But now,situation has totally changed after bitcoin creation.Bitcoin investment is secure since it works on a secure block chain system.It has given huge returns to its investors within a small duration of time.It could be transferred easily all over the world within minutes at very low fee unlike gold which has to be carried physically.Bitcoins could be stored just in a desktop wallet but gold has to be stored in lockers physically.Bitcoins could be used to buy any thing if needed but gold has to be first converted to fiat and then only,any thing could be bought.So,bitcoin leads the race by providing more features.

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Bonakid
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September 06, 2017, 01:47:41 PM
 #9007

Maybe both.for me bitcoin is important now because of its high price value  and its increasing price.the benefits of bitcoin now is really helpful to my family aside from that gettin an extra income to it.GOLD is assets and if you keep it for a long time its value did not depreciated.So they are both important for me.
kpcian
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September 06, 2017, 02:05:44 PM
 #9008

for me, Bitcoin is the better of the two options. day by day Bitcoin is becoming a popular platform for making a profit by saving or investment. in recent times, Bitcoin has gained almost triple times price value in comparison with its base value. but gold has a limitation and day by day it is losing its demand among the people.
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September 06, 2017, 02:15:20 PM
 #9009

Gold might be good as investment, but i dont like the fact i need to expose my identity to the government charge me some fee just because im trying to store my money over gold, and with some lucky make it grow. Bitcoins has huge potencial, and i can keep an income with it, without have to expose myself, imagine if my face or information is conected with the small bitcoins i have, now imagine big holders exposed names, hackers and criminals would attack those people.
a4ndr3w
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September 06, 2017, 03:08:48 PM
 #9010

Bitcoin, I can transport and seed easily.
fullhdpixel
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September 07, 2017, 03:50:51 PM
 #9011

Bitcoin's largest gain in excess of Gold: Its purely virtual and can thus be sent over the internet to wherever in an quick.Gold's biggest edge over Bitcoin: You can hold it in your arms.
That’s true. For immediate results, bitcoins are far better than gold. We all know the fact that gold is pretty much stable in price for last decade and it is not showing any significant change in prices whereas bitcoins are capable of producing profits after every month or two. My vote is with bitcoins.

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jakoylantern
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September 07, 2017, 04:37:25 PM
 #9012

For me both. Because you have a bitcoin and you still have gold. You can convert the bitcoin to gold and gold to bitcoin. It depends on you what you want.
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September 07, 2017, 05:52:23 PM
 #9013

I choose bitcoin, I do not like to compare gold with bitcoin because I can still understand about the greater risk, I prefer to compare bitcoin with residential land assets because the profit level is almost the same, I have sold all the gold just for bitcoin, the advantage can I get from gold in a year can be obtained in a week in the trading market.

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September 08, 2017, 02:32:38 AM
 #9014

if for now I prefer gold because gold has been there from the first, but do not close the possibility of bitcoin prices will be higher again 10 years.
but if you want a safe course you will choose gold.
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September 08, 2017, 04:25:36 AM
 #9015

If I will be asked if i will choose Bitcoin or gold I would choose gold over bitcoin since gold is the proven human worthy currency since ancient times and up to now gold is still considered a person and a nations wealth. I know Bitcoin price is increasing but there's a lot of disadvantage of bitcoin specially on a technological perspective that if you don't have a device or electricity you wont be able to trade bitcoins which is a digital currency but gold on the other hand maybe heavy physically would be the steady currency of man unaffected and still admired by people.
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September 08, 2017, 06:47:53 PM
 #9016

Maybe both.for me bitcoin is important now because of its high price value  and its increasing price.the benefits of bitcoin now is really helpful to my family aside from that gettin an extra income to it.GOLD is assets and if you keep it for a long time its value did not depreciated.So they are both important for me.
For speculations use BTC, for long time saving and preservation of your wealth for decades and centuries to come use gold.
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September 09, 2017, 06:32:07 AM
 #9017

you cant send gold with small and fixed amount like (4.5$   15$ )  but with bitcoin you can
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September 09, 2017, 12:03:54 PM
 #9018

They are too different things, people says that bitcoin is the digital good because it is growing everyday, but honestly, gold is much more safe than bitcoin, it never goes down. Maybe bitcoin too, but we dont know what can happen tomorrow with this new digital era.
I prefer bitcoin over gold, because you can make more money with that, but it is pretty to hold some gold, maybe a few grams, but it is nice to see a gold bar.. lol

Investing to both, gold and bitcoin, is the wisest decision you can ever make. Bitcoin will give you lots of gains in just short period of time while gold gives you a feeling of assurance when we are talking of long term investment.
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September 09, 2017, 12:28:21 PM
 #9019

They are too different things, people says that bitcoin is the digital good because it is growing everyday, but honestly, gold is much more safe than bitcoin, it never goes down. Maybe bitcoin too, but we dont know what can happen tomorrow with this new digital era.
I prefer bitcoin over gold, because you can make more money with that, but it is pretty to hold some gold, maybe a few grams, but it is nice to see a gold bar.. lol

Investing to both, gold and bitcoin, is the wisest decision you can ever make. Bitcoin will give you lots of gains in just short period of time while gold gives you a feeling of assurance when we are talking of long term investment.
If you want a fixed assit you used gold and properties but for business use BTC  because its very versatile you can  use it easily like trading mining gambling and others.

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September 09, 2017, 01:38:35 PM
 #9020

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'll go with anything because they have value on their own way. But now that I'm living here in the present wherein bitcoin is the thing that I can earn than gold better then, i'll go with bitcoin. Practically speaking Bitcoin has no limited value or exact value. It's value goes up or down but mostly it does goes up so I'm gonna go with bitcoin then buy/convert it to gold later on for future expenses because they says bitcoin will lasts only on limited years.
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