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Author Topic: Bitcoin or gold?  (Read 984412 times)
tj4dmx
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November 08, 2017, 09:04:51 PM
 #9621

I will rather enjoy best of both worlds !!
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November 09, 2017, 12:39:50 AM
 #9622

Gold is a very interesting element out there, but despite it's appeal, it is very hard for me to consider it money.

Its the same as diamonds, emeralds and rubys, all of them are shiny precious assets, but none of them are money, they are just valuable commodities Smiley

Bitcoin is money.
At the moment bitcoin is not exactly money. For example, there are 5 functions of money: a measure of value, a medium of circulation, a means of payment, a means of accumulation, world money. Bitkoni, at the moment, can not be considered in the full sense of money. This is more an investment asset
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November 09, 2017, 01:46:38 AM
 #9623

Gold is a very interesting element out there, but despite it's appeal, it is very hard for me to consider it money.

Its the same as diamonds, emeralds and rubys, all of them are shiny precious assets, but none of them are money, they are just valuable commodities Smiley

Bitcoin is money.
At the moment bitcoin is not exactly money. For example, there are 5 functions of money: a measure of value, a medium of circulation, a means of payment, a means of accumulation, world money. Bitkoni, at the moment, can not be considered in the full sense of money. This is more an investment asset
It doesn't matter to me now whatever that definition of bitcoin is, what's important is that I can spend my bitcoin and I can convert it to fiat
anytime I needed to. This is money for money and better than the money by definition as the value will appreciate.
zhea
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November 09, 2017, 01:52:36 AM
 #9624

For me i'll choose both! Value for gold and bitcoin all can make our way of living better.
Julia_bitcoin
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November 09, 2017, 01:58:55 AM
 #9625

Bitcoin and gold have common features:
-safety,
-simplicity and accessibility of understanding,
-limited production,
-divisibility.

In terms of safety, it is gold that wins, and Bitcoin loses significantly, as there is no guarantee that the cryptocurrency will use the same demand in ten years that it is now.

Operations with the help of cryptocurrency are instantaneous, and gold requires a large amount of time

In terms of divisibility, Bitcoin wins, as this is a much more universal means of payment.

Therefore, Bitcoin is rightfully ranked first and is now considered to be precisely that promising form of investment that will keep the business in the future.
AniketKumar
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November 09, 2017, 02:07:55 AM
 #9626

The Major difference between bitcoin and gold is that.
Gold is our tangible asset which we can touch and use whwnever it is required on d other hand bitcoin is Intangible asset.
Even the prices of Bitcoin fluctuates alot as compared to Gold.

If we see via digitalisation or Modernisation we must invest in Bitcoin for future prespective
Gudhal Untu
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November 09, 2017, 02:55:51 AM
 #9627

Bitcoin is better than gold, it's proven that the price increase could reach more than 700% this year and there's still 1.5 months to make the price rise even higher.
kimpena
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November 09, 2017, 04:54:01 AM
 #9628

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 choose both. I'll convert some into gold and others into bitcoin. Yes, bitcoin has only been for 5 years but still it is active until now, and many people are getting into it. It keeps on growing and growing. Bitcoin will not let itself to fall down easily, they make a way to be known by everyone, to become more powerful. Gold, as all we know is very valuable and has a high value, and I believe that it will last for many more years.

hacekd
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November 09, 2017, 05:10:50 AM
 #9629

Maybe bitcoin will be investment wealth long-term

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Silverstone1111
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November 09, 2017, 05:52:51 AM
 #9630

10 years is a quite a bit of time !!! If I had to choose between Bitcoin or gold I would go with Bitcoin. There are some risks. But what is life without a bit of risk. Every successful people in world at some point have to take risks. Considering the total money that I have I wouldn't worry mush about losing it as well.
phuclzu12
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November 09, 2017, 06:05:30 PM
 #9631

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 choose both. I'll convert some into gold and others into bitcoin. Yes, bitcoin has only been for 5 years but still it is active until now, and many people are getting into it. It keeps on growing and growing. Bitcoin will not let itself to fall down easily, they make a way to be known by everyone, to become more powerful. Gold, as all we know is very valuable and has a high value, and I believe that it will last for many more years.
What's the reason you guarantee Bitcoin can prove it strongly and better than Gold in future? First of all, Bitcoin and Gold are different assets. Bitcoin is digital asset and currency while Gold is only an asset and jewelry, so the value of both are also different!
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November 09, 2017, 07:47:52 PM
 #9632

Bitcoin and gold have common features:
-safety,
-simplicity and accessibility of understanding,
-limited production,
-divisibility.

In terms of safety, it is gold that wins, and Bitcoin loses significantly, as there is no guarantee that the cryptocurrency will use the same demand in ten years that it is now.

Operations with the help of cryptocurrency are instantaneous, and gold requires a large amount of time

In terms of divisibility, Bitcoin wins, as this is a much more universal means of payment.

Therefore, Bitcoin is rightfully ranked first and is now considered to be precisely that promising form of investment that will keep the business in the future.
Bitcoin is extremely risky and volatile, which gold is not. These are two completely different asset classes that can not be compared the way you do as they serve different purposes.

As such, Bitcoin is definitely not first versus Gold, but neither is Gold first versus Bitcoin. It depends on the individual goals.

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Bitcoininvestment
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November 10, 2017, 05:50:28 AM
 #9633

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.

If I will convert my wealth I will choose bitcoin because it keeps on increasing and it may help me to earn a lot and to be my money bigger. Also, bitcoin has a lot of benefits that can give so bitcoin is the thing that I want to choose.

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November 10, 2017, 06:06:23 AM
 #9634

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.

If I will convert my wealth I will choose bitcoin because it keeps on increasing and it may help me to earn a lot and to be my money bigger. Also, bitcoin has a lot of benefits that can give so bitcoin is the thing that I want to choose.
yes, I agree with you. gold may be much better than bitcoin. but, I also feel that currently the use of bitcoin on the real thing is really a lot. well, it can be said that bitcoin is the best investment for now in gold.
smauni
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November 10, 2017, 06:08:01 AM
 #9635

I'll take the bitcoin. Because I think Bitcoin will never be lost. It's been there for so many days. I'll choose Bitcoin for 10 years. Because Bitcoin has a lot of profits for the long term. Although Bitcoin is a lot of risk from gold, but there is more to gain from bitcoin than gold. But, of course! I must be brave and be patient.
Edrian
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November 10, 2017, 06:28:59 AM
 #9636

I will choose GOLD for now because it is more stable  than bitcoin, and for the reason that gold is accepted around the world compare to bitcoin I think people put more trust in gold because it is not affected if the internet system fails and if the internet connection is not working  we cannot traid or we cannot use bitcoins that is the cons of cryptocurrencies it is risky. GOLD can survive for long period of time it was there ever since. One thing I don't like about gold is it was way to heavy and you need to process a lot of things before you convert it to money, unlike bitcoin that is really easy to use.
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November 10, 2017, 08:43:03 AM
 #9637

the gold price is unstable, and can be played by the mafia, and the bitcoin will be stable even though it can come down unexpectedly.
I think, I prefer bitcoin, because it is much safer than the other investment
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November 10, 2017, 08:47:13 AM
 #9638

I'll take the bitcoin. Because I think Bitcoin will never be lost. It's been there for so many days. I'll choose Bitcoin for 10 years. Because Bitcoin has a lot of profits for the long term. Although Bitcoin is a lot of risk from gold, but there is more to gain from bitcoin than gold. But, of course! I must be brave and be patient.
yes, i might also do the same for now. taking the current bitcoin has the potential to make a bigger profit, even if it's risky. well, maybe if i have a lot of profit, i will buy gold as a stash.

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November 10, 2017, 09:10:38 AM
 #9639

Better get both.  Grin
If you like risk get bitcoin if yo dont like risk get gold.
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November 10, 2017, 01:10:28 PM
 #9640

I will choose GOLD for now because it is more stable  than bitcoin, and for the reason that gold is accepted around the world compare to bitcoin I think people put more trust in gold because it is not affected if the internet system fails and if the internet connection is not working  we cannot traid or we cannot use bitcoins that is the cons of cryptocurrencies it is risky. GOLD can survive for long period of time it was there ever since. One thing I don't like about gold is it was way to heavy and you need to process a lot of things before you convert it to money, unlike bitcoin that is really easy to use.
Gold is just for the rich people and if you know how to choose wisely then you will be choosing bitcoin because gold is not a good asset to hold for the future since we are in the era of the technology and in the future, we may see different people and countries that applying technology into their life so if bitcoin will become successful then it will be used in the future and it will benefit all the bitcoin users for sure.
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