Bitcoin or gold?

[tkbx]

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.

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[bitjoint]

Both

[Dalmar]

Gold, hands down.

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

[HorseCoin]

gold hands down, cause you can mail it to the Gold Marketplace to buy drugs 

[Joshuar]

I' do both, but take bitcoin over gold simply because I'm a pyschic and I see that in 10 years, Bitcoin would be worth 100million each.

[Taras]

 Both by all means

[DannyHamilton]

Bitcoin, absolutely.

Gold is relatively stable and has had centuries (millennia?) to establish its relative value in the world.

Bitcoin is a disruptive technological protocol in its infancy.  It is still in the process of price discovery and as additional layers of interface are added on top of the protocol, the difference will be equivalent to the difference between the internet today and the internet in the 1980's.  It is impossible to predict what bitcoin will be like in 10 years, but I expect it will be exponentially more useful (and as such, exponentially more valuable) by then.

[ArticMine]

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. Here is why

Let us go back 110 years to say 1904 and ask the following question: If you had to convert all your wealth to either horseless carriages (otherwise known as automobiles) or horses and keep it there for 10 years, which would you choose? Keep in mind the fact that horseless carriages have only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

By the way humans had been using horses as a primary form of transportation for millennia, yet in a period of 50 years between 1900 and 1950 they virtually vanished form the transportation scene. Will Bitcoin do the same to gold?

[SirWilliam]

Already in both.

[Cryptoths]

obviously gold would be the safe bet and bitcoin the risky. With gold having had thousands of years of maintained value and bitcoin being a few years old and extremely volatile.

[roslinpl]

Both

Both is right answer for sure.

if we talk about 10 years.


Kind regards.  ♥ BTC

[dmartig]

obviously gold would be the safe bet and bitcoin the risky. With gold having had thousands of years of maintained value and bitcoin being a few years old and extremely volatile.

in 1971 gold was $35 an ounce. it went up to over $800 in the early 80's then crashed to around $250. a few years ago it almost hit $2000. it then dropped into the $1,100 range. now what was it you were saying about volatility?

[Dalmar]

Are you guys illiterate? The OP clearly asked to choose one of the two options in a hypothetical 10 year all-in situation.

99% of you guys would choose gold in real life anyway, especially those who own serious amounts of money.

[roslinpl]

Are you guys illiterate? The OP clearly asked to choose one of the two options in a hypothetical 10 year all-in situation.

99% of you guys would choose gold in real life anyway, especially those who own serious amounts of money.

are you sure? I never had any gold
With bitcoins is different.

[OROBTC]

...

Well, OK, the OP said to pick one.  But I would take them both.

90% in gold, 10% in BTC.  But, if I had to pick one, it would be gold.

***

But, that kind of misses the point for me.  Diversification is Bearing Guy´s middle name.  Gold, platinum, guns & ammo, our business in Peru, BTC and our condo.  Some CA$H too.

So....: Diversification, Fishez!

[MrWDunne]

Bitcoin, to the moon or bust.

I believe in bitcoin, and I believe in gold but ultimately there is only one which I would expect any sort of considerable growth upon.

[KenJackson]

Well, OK, the OP said to pick one.  But I would take them both.

90% in gold, 10% in BTC.  But, if I had to pick one, it would be gold.

That's exactly what I was going to say.

The irony is, in 10 years the 10% bitcoin may well be worth significantly more that the gold.

[testcoin]

Well, OK, the OP said to pick one.  But I would take them both.

90% in gold, 10% in BTC.  But, if I had to pick one, it would be gold.

That's exactly what I was going to say.

The irony is, in 10 years the 10% bitcoin may well be worth significantly more that the gold.

I like this idea.

The point here is: convert ALL your wealth. I bet normal person will not convert all his wealth to Bitcoin.

So yes, no more than 10% please.

[Lethn]

Both for definite, the thing is, both have their plus and minus points, in this day and age Bitcoin and cryptocurrencies are far more practical but if the world does end you'll still want to have gold and silver on hand just in case, it's also a lot easier to store crypto's for the long run.

[Schnitz]

Because you said EITHER...OR the answer needs to be GOLD.