Bitcoin or Gold? What would you pick?

[joinal]

Why not both ? Invest in gold in real life and invest in bitcoin for online things. but if i should pick, i would pick bitcoin, because it's simple using bitcoin and we can use bitcoin for buying or paying something.

what you've tried, investing in both, what were the results?
I think if you are sure of one. For example, I am sure of bitcoin, I believe bitcoin prices will rise and explode, why not invest in one, it might be more profitable, than divides 2 investment money

[wikenpp]

Bitcoin has a great future a head and gets bigger everyday.
I would choose bitcoins above gold.

as you know, gold has had a very long history, it's hard to bitcoin take over the gold,
Gold also has a bright future dude

Yeah I admit gold has been here for the longest.

But, we seen bitcoins growth catch up to gold, and thats the difference while gold had to really slowly climb its value. I say hedge both, but honestly its better to hold bitcoin because it has multiple values of how its used.

yeah true. indeed gold is very slow to grow, but I think gold is better than a great fluctuations, you can save the gold, if you do not want the price down too much

Yes, I add also that gold is not online so that can not be hacked or lost. Bitcoin is online and you can there be hacked with.
So I think gold is better and also be safer.

[newcoins1978]

Bitcoin has a great future a head and gets bigger everyday.
I would choose bitcoins above gold.

as you know, gold has had a very long history, it's hard to bitcoin take over the gold,
Gold also has a bright future dude

Yes indeed gold has also got a bright future but the people from now are more digital.
I think the bitcoin will eventually be above gold.
Bitcoin has a good future plus the world is getting more digital.

[shane]

bitcoin = fiat in online world (cryptomoney)
gold is only a jewellery No more

i think each of both has something uniqueness, its advantages and disadvantages

[Marketstar]

If I were obviously I will prefer gold.

[reputedchain]

bitcoin = fiat in online world (cryptomoney)
gold is only a jewellery No more

i think each of both has something uniqueness, its advantages and disadvantages

Yeah both have positive and negative sides, but it is better to invest in both of them, as gold have upper hand over bitcoin as gold is in existence since a long time and people have more faith in gold, but the future of bitcoin is unpredictable.

[vero]

Why not both ? Invest in gold in real life and invest in bitcoin for online things. but if i should pick, i would pick bitcoin, because it's simple using bitcoin and we can use bitcoin for buying or paying something.

what you've tried, investing in both, what were the results?
I think if you are sure of one. For example, I am sure of bitcoin, I believe bitcoin prices will rise and explode, why not invest in one, it might be more profitable, than divides 2 investment money

have you heard "never ever put all your money in one basketball because when you got steal by thief you will lose everything" i guess he is right choose both of them for his investment

[chennan]

Bitcoin has a great future a head and gets bigger everyday.
I would choose bitcoins above gold.

as you know, gold has had a very long history, it's hard to bitcoin take over the gold,
Gold also has a bright future dude

Yeah I admit gold has been here for the longest.

But, we seen bitcoins growth catch up to gold, and thats the difference while gold had to really slowly climb its value. I say hedge both, but honestly its better to hold bitcoin because it has multiple values of how its used.

Well, tbh, in any scenario where you make an investment into either bitcoin or gold, you are hoping essentially of an economic fallout and fiat being rendered useless.  I think this is probably a likely scenario with all the shenanigans going on in OPEC, and maybe some start up oil companies who have loans from banks will start defaulting which might push over that first domino piece to make all the pieces come crashing down.

I hate betting against the economy, because I have friends and family who are going to be hurt by the shit storm that is inevitable to come about; but I know that by steadily purchasing gold, silver, and bitcoin that I can remain ensured that I will still have financial security.  So honestly this topic is like asking, "What would you like to eat? Would you like steak or seafood?" because at the end of it, we are going to want to be fed at the end of the meal... all that matters is your preference in "taste" for financial security.

[BruceLee007]

i would surely pick bitcoin instead of gold without even thinking, bitcoin can give money in a short amount of time even though it is actually possible to lose money

[TReano]

i would surely pick bitcoin instead of gold without even thinking, bitcoin can give money in a short amount of time even though it is actually possible to lose money

you could actually lose all your money.

If gold would go that way the world would end anyway.

[actmyname]

To be honest, these results are going to be skewed highly towards bitcoin (due to the fact that we ARE on a bitcoin forum) and thus asking here would allow for mainly answers of "bitcoin".

Strangely enough, there is a lot of discussion, which is good, about which is more efficient as an investment. The problem with asking this question outside of a bitcoin forum is the lack of support for bitcoin.

You get a lot of abettors for the one that people are more familiar with.

[Rizky Aditya]

To be honest, these results are going to be skewed highly towards bitcoin (due to the fact that we ARE on a bitcoin forum) and thus asking here would allow for mainly answers of "bitcoin".

Strangely enough, there is a lot of discussion, which is good, about which is more efficient as an investment. The problem with asking this question outside of a bitcoin forum is the lack of support for bitcoin.

You get a lot of abettors for the one that people are more familiar with.

That is very true. But if we were on a normal forum, no one would even know what Bitcoin is.

[blackmachinegun]

i would surely pick bitcoin instead of gold without even thinking, bitcoin can give money in a short amount of time even though it is actually possible to lose money

yeah true very easy to get some satoshi (bitcoin)
in contrast to gold,
you want to get for gold?
you have to work very hard to get just 1 ounce

[joinal]

bitcoin = fiat in online world (cryptomoney)
gold is only a jewellery No more

i think each of both has something uniqueness, its advantages and disadvantages

nope. I think gold is not just jewelry. you see the price of gold is very high. gold has a value that is incremented each time, many people are using gold as an investment, and it's not a bad idea

[protzein]

better get gold. since it can become investment and save from price fluctuative.

[OROBTC]

...

There's one more positive thing about gold.  There is a saying I have read:

"There is always someone around who will take your gold."    (In payment, not steal it)

If you need to buy or barter for something, even if for very high value, you can find someone who will give you what you need for your gold.  At this moment that is not true for Bitcoin.  Sure there are people around who will do some trades for your BTC, but not that many, nor in large amounts.

Gold wins on this little point.

[STT]

^^ The point there is people dont believe gold is freely exchangeable.  Of course it is but only really in quantity.  A bank trading bar is like a kilo and a heck of a lot of money.   The money we are talking about as the common people right here on this forum are really thinking wow a few hundred is alot of money to me right now and I want a good trade price and low fees.  Bitcoin can do that because 300 hundred is still alot in bitcoin terms but in gold its the bare minimum not to get laughed out the jewelers pretty much.  If you go to a pawn shop and for smaller amounts then that, they will basically politely rip you off with fees and/or a bad trading price for the spot fix on gold, bitcoin is small more competitive and more applicable to the small dealers we all are here.
  Apologies to Mr Big the millionaire playboy who randomly reads this thread but somehow gold is more suited to him and most of us here will likely complain about gold and its difficulties.  Iam pro gold generally but not in a persons pocket, generally government or some reliable authority should make it divisible and transportable by proxy such as the perfectly working system prior to 1913 Fed day 1

[OROBTC]

^^ The point there is people dont believe gold is freely exchangeable.  Of course it is but only really in quantity.  A bank trading bar is like a kilo and a heck of a lot of money.   The money we are talking about as the common people right here on this forum are really thinking wow a few hundred is alot of money to me right now and I want a good trade price and low fees.  Bitcoin can do that because 300 hundred is still alot in bitcoin terms but in gold its the bare minimum not to get laughed out the jewelers pretty much.  If you go to a pawn shop and for smaller amounts then that, they will basically politely rip you off with fees and/or a bad trading price for the spot fix on gold, bitcoin is small more competitive and more applicable to the small dealers we all are here.
  Apologies to Mr Big the millionaire playboy who randomly reads this thread but somehow gold is more suited to him and most of us here will likely complain about gold and its difficulties.  Iam pro gold generally but not in a persons pocket, generally government or some reliable authority should make it divisible and transportable by proxy such as the perfectly working system prior to 1913 Fed day 1

Transactions costs do matter, I cannot argue that.  With tiny amounts of gold, yes, you will not get much going to a pawn shop (jeweler or similar).  That would be in the nature of barter using a commodity that most people are not familiar enough with.

I would argue, though, that a 1/10th oz Gold Eagle CAN get you a reasonable amount of money vs. gold price.  I would *guess* that a 1/10th oz Eagle would get the seller some $90 - $95 or so at a coin shop, less at a jeweler or pawn shop.

If somebody owed ME $100, I would gladly take the 0.1 oz...

My point is that with some effort (not much) is that there is always someone around who will take your gold.  Still not so for BTC.  At least yet.

*   *   *

Nor can I argue with the fact that BTC is more divisible in smaller amounts of money.  Bitcoin wins there.

Melting and/or cutting gold into smaller units is expensive -- though I have seen a 1 oz gold bar cut by melting off some when a jeweler's courier was at a coin shop needing to buy 10 grams.

[TPTB_need_war]

"There is always someone around who will take your gold."    (In payment, not steal it)

If you need to buy or barter for something, even if for very high value, you can find someone who will give you what you need for your gold.  At this moment that is not true for Bitcoin.  Sure there are people around who will do some trades for your BTC, but not that many, nor in large amounts.

I'd quess the number of people that will accept BTC at localbitcoins.com is roughly the same (within an order-of-magnitude) as the number of pawnshops in the world that will take your gold coin. Here in the Philippines I bet you'd be lucky to get 50% of the spot price value at a pawnshop.

The key difference in my mind is that gold you can find a physical buyer that you can trust won't kill you (e.g. a storefront pawnshop or gold dealer). Whereas meetups with Bitcoin are going to be with a stranger (and risky for both parties). This is important in the sense of needing to get cash and not wanting it to pass through a bank account.

Once the NWO outlaws cash (and regulates gold dealer, but the lack of cash will kill the black markets too), then there will be no advantage for gold any more. You will have to sell it for digital cash. Barter becomes extremely rare to find.

OROBTC, I am sorry to tell you that gold is dying. The digital cash age will kill it and everyone will throw their gold into the streets as the Bible says. We may not get there entirely though until 2032 or so.

[Sourgummies]

"There is always someone around who will take your gold."    (In payment, not steal it)

If you need to buy or barter for something, even if for very high value, you can find someone who will give you what you need for your gold.  At this moment that is not true for Bitcoin.  Sure there are people around who will do some trades for your BTC, but not that many, nor in large amounts.

I'd quess the number of people that will accept BTC at localbitcoins.com is roughly the same (within an order-of-magnitude) as the number of pawnshops in the world that will take your gold coin. Here in the Philippines I bet you'd be lucky to get 50% of the spot price value at a pawnshop.

The key difference in my mind is that gold you can find a physical buyer that you can trust won't kill you (e.g. a storefront pawnshop or gold dealer). Whereas meetups with Bitcoin are going to be with a stranger (and risky for both parties). This is important in the sense of needing to get cash and not wanting it to pass through a bank account.

Once the NWO outlaws cash (and regulates gold dealer, but the lack of cash will kill the black markets too), then there will be no advantage for gold any more. You will have to sell it for digital cash. Barter becomes extremely rare to find.

OROBTC, I am sorry to tell you that gold is dying. The digital cash age will kill it and everyone will throw their gold into the streets as the Bible says. We may not get there entirely though until 2032 or so.

Yeah... but if you really want to safely trade bitcoins, then you could do it with someone more reputable with online methods. With this, you get lower exchange rates as well as more ease in the transaction. Hell, you could do it in your underwear! I don't know anybody who trades gold half-naked.