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Author Topic: Bitcoin or gold?  (Read 984414 times)
fishball
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February 23, 2018, 05:04:24 AM
 #11001

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'd rather choose gold rather than bitcoin. Whatever happens, gold will still be valuable, tangible and the price is not volatile unlike bitcoin.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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elvirecam430
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February 23, 2018, 07:32:56 AM
 #11002

As a newbie, I would prefer 90% gold and 10% bitcoin Smiley Smiley Smiley
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February 23, 2018, 08:05:16 AM
 #11003

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 am prefer choosing bitcoin for long investment. Gold is good but have many lack to keep it and beside that bitcoin have limited supply. Its more safe to keep bitcoin than gold because what we need just keeping our private key  Grin
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February 23, 2018, 08:28:44 AM
 #11004

Is there a lot of news about how gold isn't as scarce as we all believe? That gold mining firms control supply to keep the price stable and high and to keep jewelry wholesalers buying? I think I'd choose bitcoin, but obviously it's easy to take more risk when we're talking hypothetical situations.
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February 23, 2018, 08:46:57 AM
 #11005

I think it's better to choose the coins because when you start with a small coin and you've grown it will be gold as well but to others they prefer the easy way to get rich. it's a good thing to do before you're feeling better in life that when the little thing starts you've got that achiever.
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February 23, 2018, 08:52:38 AM
 #11006

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.


bitcoin will I choose. and the value of gold per carat is rising. but the bitcoin does not mean that it's a vaalue of its height. You can imagine that the height of gold can not think of bitcoin. so from now until the year is gone. bitcoin is a better investment.
joshua10
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February 23, 2018, 09:02:41 AM
 #11007

for me both because we need them both and they have the same value in the world depending on the person that they want but for me just the same.

markj113
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February 23, 2018, 09:08:29 AM
 #11008

Hard times at moment. The world is in danger. We can face War, revolt...

Would you carry 40-50kg Gold along with your Family around the country or even more complicate, bring it over the border?

No!

Gold is outdated.
Bitcoin is the Future.

Do you have over $2 million?

$42k in gold is the size of a smart phone.
Ryan Tirta Permana
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February 23, 2018, 09:11:47 AM
 #11009

Both, I think the risk bitcoin more because it is volatile as it happened at the beginning of february where the price suddenly fall and then a few weeks go up, but gold stable so to better secure my investment value then I choose both.

Blackhammer321
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February 23, 2018, 09:22:31 AM
 #11010

As i see the cryptomarket now i would prefer to convert my wealth on bitcoin than gold, i'll take the risk and will accept my fortune. As we know bitcoin is more volatile than gold which means it can grow much more thank holding gold or will drop its value due to lack of demand either way. Everyday i wake up the price of bitcoin changes and hopefully when the future comes its price is incredibly high.
Lare linglung
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February 23, 2018, 10:23:14 AM
 #11011

bitcoin and gold of course I choose both, because both are equally good even though the gold price is relatively stable but gold has its own luxury.

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amzadabir
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February 23, 2018, 10:23:29 AM
 #11012

Perhaps the most obvious difference between Gold and Bitcoin is this: Gold is a real physical prize metal, while Bitcoin is digital. As a product with physical gold, Bitcoin is subject to stringent price fluctuations. Between 2009 and 2013, the maximum cost of Bitcoin goes from zero to $ 200. Bitcoin prices then stood at $ 1,242 in November 2013 in November, exceeding the gold price, which is approximately $ 1,250 oz sold.
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February 23, 2018, 10:42:43 AM
 #11013

Well i choose bitcoin because bitcoin is safe to use and it is secured unlike gold , gold can be snatch and easy to rob it.

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February 23, 2018, 11:32:48 AM
 #11014

Well i choose bitcoin because bitcoin is safe to use and it is secured unlike gold , gold can be snatch and easy to rob it.

True but that was in old west, just kidding. Nothing is safe not even bitcoin now skilled hacker can manipulate your wallet and easily transfer coins to his (unless you have 2FA like some exchanges have). Gold is more used as reserve fund for most countries in the world cuz it have almost same value and they dont have so much guts for placing countries reserves into bitcoin. To be real this could easily mean that someone can manipulate price and maybe lower it on purpose or the opposite one.

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King Sastro
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February 23, 2018, 12:08:45 PM
 #11015

Well i choose bitcoin because bitcoin is safe to use and it is secured unlike gold , gold can be snatch and easy to rob it.
If you have gold then be silent and never show it to everyone, there is a better option that is save in banks which is definitely safe, but I agree that bitcoin investment is very promising because the price increase that occurred in 2017 ago would make everyone tempted to invest on bitcoin.


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waskaplung
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February 23, 2018, 12:36:05 PM
 #11016

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.
Gold is a Precious Metal used by mankind as a medium of exchange for millennia. ... Physical Gold is widely regarded as a sound long-term investment and a hedge against market volatility.
brainryan
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February 23, 2018, 12:46:26 PM
 #11017

Yes, I chose bitcoin, because the bitcoin value increased according to the user community, gold increased according to the need for material.
anami57
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February 23, 2018, 12:47:25 PM
 #11018

Well i choose bitcoin because bitcoin is safe to use and it is secured unlike gold , gold can be snatch and easy to rob it.
If you have gold then be silent and never show it to everyone, there is a better option that is save in banks which is definitely safe, but I agree that bitcoin investment is very promising because the price increase that occurred in 2017 ago would make everyone tempted to invest on bitcoin.
In my opinion, of course I choose Bitcoin than gold. Bitcoin can be more profitable for us. Bitcoin prices too fast to skyrocket because Bitcoin has only a limited and gold have there around the world. Bitcoin help me a lot because it is easy for me to earn some money.

bitcoinsocial09
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February 23, 2018, 01:45:31 PM
 #11019

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.

It is better  to choose both for your safety. If you want to convert it the half of it should convert in gold and some in bitcoin. It is better to be safe than have nothing because if you convert your money you need to take risk. Bitcoin is a good source of income as well gold. So choose both to have an assurance to your money.

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Black Angel
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February 23, 2018, 02:02:34 PM
 #11020

Yes, I chose bitcoin, because the bitcoin value increased according to the user community, gold increased according to the need for material.

For me the reason for choosing bitcoin because the future of bitcoin will continue to improve and prices become expensive, while gold prices never rise more than 10% per day while bitccoin up and down the price of 10% even more is a common thing.
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