Bitcoin or Gold? What would you pick?

[sana54210]

i think i can only pick bitcoin, i do not like gold. my wife oftne demand for gold jewelry she already have some but i am not in favour of gold, i think we are just hanging our money while buying infect i will always give preference to bitcoin but bitcoin is a good source of income and in present time it i a good opportunity to invest in bitcoin,

Gold is good but the depends on how you see it, if you see it as a jewelry then you will not make money from it. Gold is a better investment than bitcoins because it is stable and the price is increasing consistently so the future is great if you will hold it.

Gold is actually more risky than bitcoins as an investment. You are always worried that your gold may be robbed but with bitcoins just set a 2 factor authentication and then you are worry free and know that your bitcoins will only grow in prices and no worry of being them stolen.

[markj113]

1) there are several cases of people having the bitcoin stolen even with 2fa enabled (try searching the forum)

2) prices are not guaranteed to rise - bitcoin is still very much a high risk investment

[useless4]

where are the people showing how much better Gold and Silver performed the last couple weeks? 

they are hiding in the corner, gold and silver are terrible investment options compared to bitcoin, im all in bitcoins and im waiting for big prices

[Bitcotalk]

If bitcoin have stable price i will pick bitcoin, but the price of bitcoin can changed easily, so i pick gold for now. Because it's good for long term investment.

You are right for long term investment the asset with a more stable price is favorable, but if someone want faster profit from their asset then they will choose for bitcoin as there are big fluctuations in the price of bitcoin and with that they can do trade faster and can easily earn a bigger amount of profit within a shortest time period.

[TReano]

You can now see with all the Bitfinex "hack" why Gold has it's advances overall.

[egghead123]

http://www.coindesk.com/bitfinex-shuts-down-customer-bitcoin-stolen

Market Reaction:
The market price of Bitcoin has reacted negatively to the news with price shedding USD 30 in a matter of minutes

[fravia]

If bitcoin have stable price i will pick bitcoin, but the price of bitcoin can changed easily, so i pick gold for now. Because it's good for long term investment.

but gold is too boring, i think i would always go with bitcoin only and nothing else, because i believe in it and i know that the prices will go only up in the future

[elyas772]

If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick?

I prefer to use bitcoin, because it is more simple to carry and use, only with our smartphones can make transactions more quickly. Especially in the area or place that already support the use of bitcoin.

[jostorres]

 My choice would be gold, gold is more stable and I can keep gold for much longer, I think gold will always worth, for bitcoin I cant be sure. I like to feel safe with my money, and I think gold can provide me that more then bitcoins can.

 When i give it second thought I would ask them to give me half from both, in that case I would have bitcoins and gold. or if they dont wish to give like that I would make buying by myself. With gold I would have security, and with bit[Suspicious link removed]d investment for the future in case bitcoin really become more expensive then it is now.

And just one more thing makes it more valuable to invest than bitcoins and that is that we can keep gold in house and use it as jewellery and hence you can show off like royals but bitcoins is for silent rich people, I mean they have billions but no one can find out.

[markj113]

And just one more thing makes it more valuable to invest than bitcoins and that is that we can keep gold in house and use it as jewellery and hence you can show off like royals but bitcoins is for silent rich people, I mean they have billions but no one can find out.

..until you try and cash out, your bank flags you for suspicious activity and then you have to explain to the authorities where all the money came from

[Farma]

And just one more thing makes it more valuable to invest than bitcoins and that is that we can keep gold in house and use it as jewellery and hence you can show off like royals but bitcoins is for silent rich people, I mean they have billions but no one can find out.

..until you try and cash out, your bank flags you for suspicious activity and then you have to explain to the authorities where all the money came from

Well, I think the bank will ask that question, but if you say that it tends income from the business that you run, I think it will be fine. Well, it is an excess of gold is that you can flaunt it in public, but if you do that, you're just inviting criminals to target you. it may be better to store the gold for a long time, and not for the trophy.

[markj113]

And just one more thing makes it more valuable to invest than bitcoins and that is that we can keep gold in house and use it as jewellery and hence you can show off like royals but bitcoins is for silent rich people, I mean they have billions but no one can find out.

..until you try and cash out, your bank flags you for suspicious activity and then you have to explain to the authorities where all the money came from

Well, I think the bank will ask that question, but if you say that it tends income from the business that you run, I think it will be fine. Well, it is an excess of gold is that you can flaunt it in public, but if you do that, you're just inviting criminals to target you. it may be better to store the gold for a long time, and not for the trophy.

Gold jewellery is not the best way to invest in gold as premiums are very high.

You are much better off buying gold bullion bars/coins as close to spot as possible.

[BitcoinPC]

If bitcoin have stable price i will pick bitcoin, but the price of bitcoin can changed easily, so i pick gold for now. Because it's good for long term investment.

but gold is too boring, i think i would always go with bitcoin only and nothing else, because i believe in it and i know that the prices will go only up in the future

Right, i also follow you, Gold is boring to me, and i refer to bitcoin, also it is depend on which country we are living, for example in Arab countries gold price very low, so some countries have a gold value, also in my country gold has a normal value, so it is not suitable for me instead of bitcoin, and i choice bitcoin because it is interesting and i can manege it easily.

[sobsitesearch]

i choose bitcoin because i afford to buy it and easily to earn in terms of bitcoin it also very easy to exchange it to money and also i can spend it any time i want while in Gold you can not.

[groll]

I like bitcoin but I will still choose gold.  Because we never know what will happen to our technology.  I prefer gold because it is sure that you can sell it to anyone.  While bitcoin, many people are still unfamiliar with the use and value of it.  Gold was around even before times of Moses.  Used as currencies during those times. 

[coinplus]

i think i can only pick bitcoin, i do not like gold. my wife oftne demand for gold jewelry she already have some but i am not in favour of gold, i think we are just hanging our money while buying infect i will always give preference to bitcoin but bitcoin is a good source of income and in present time it i a good opportunity to invest in bitcoin,

Gold is good but the depends on how you see it, if you see it as a jewelry then you will not make money from it. Gold is a better investment than bitcoins because it is stable and the price is increasing consistently so the future is great if you will hold it.

yes there is no doubt about this that the gold is too stable but it is not right to say that the price of gold is increasing continuously because its price has  fall down from 60000 PKR/ 10g to 45000PKR/10g, and the second is that the rate of its price increase is very slow. it will take some years to reach to its position back. but if we talk about bitcoin the price of bitcoin is increasing with a very very high speed.

Some people actually don't like very high fluctuations because suppose all the money you save in your life and you buy gold with it then you know that the price wont fall down too quickly, but with bitcoins yes you may become a millionaire but may also face big loss.

[jak3]

as i have said before gold is not portable or durable like bitcoin but let me correct myself gold has a value and it depends on you to choose what you want to.i am just sahing i like btc mkre than gold but you can like gold .no offence

[neochiny]

i think i can only pick bitcoin, i do not like gold. my wife oftne demand for gold jewelry she already have some but i am not in favour of gold, i think we are just hanging our money while buying infect i will always give preference to bitcoin but bitcoin is a good source of income and in present time it i a good opportunity to invest in bitcoin,

Gold is good but the depends on how you see it, if you see it as a jewelry then you will not make money from it. Gold is a better investment than bitcoins because it is stable and the price is increasing consistently so the future is great if you will hold it.

yes there is no doubt about this that the gold is too stable but it is not right to say that the price of gold is increasing continuously because its price has  fall down from 60000 PKR/ 10g to 45000PKR/10g, and the second is that the rate of its price increase is very slow. it will take some years to reach to its position back. but if we talk about bitcoin the price of bitcoin is increasing with a very very high speed.

and also dropping at a very high speed, bitcoin is good for trading but it is not good for storing only, bitcoin
needs to circulate to prevent loss if the price falls down, but gold is different gold is for storing for a long time
trading gold like bitcoin will just bring hassle and gives you too little profit.

[mirakal]

i think i can only pick bitcoin, i do not like gold. my wife oftne demand for gold jewelry she already have some but i am not in favour of gold, i think we are just hanging our money while buying infect i will always give preference to bitcoin but bitcoin is a good source of income and in present time it i a good opportunity to invest in bitcoin,

Gold is good but the depends on how you see it, if you see it as a jewelry then you will not make money from it. Gold is a better investment than bitcoins because it is stable and the price is increasing consistently so the future is great if you will hold it.

yes there is no doubt about this that the gold is too stable but it is not right to say that the price of gold is increasing continuously because its price has  fall down from 60000 PKR/ 10g to 45000PKR/10g, and the second is that the rate of its price increase is very slow. it will take some years to reach to its position back. but if we talk about bitcoin the price of bitcoin is increasing with a very very high speed.

and also dropping at a very high speed, bitcoin is good for trading but it is not good for storing only, bitcoin
needs to circulate to prevent loss if the price falls down, but gold is different gold is for storing for a long time
trading gold like bitcoin will just bring hassle and gives you too little profit.

Yeah! only the bitcoin is good for trading because the price is volatile and we can easily make money with the abrupt price decrease and increase. I believe the volatility will not last forever as overtime the adoption will increase and the price will become more stable when the right time comes.

[deisik]

And just one more thing makes it more valuable to invest than bitcoins and that is that we can keep gold in house and use it as jewellery and hence you can show off like royals but bitcoins is for silent rich people, I mean they have billions but no one can find out.

..until you try and cash out, your bank flags you for suspicious activity and then you have to explain to the authorities where all the money came from

Well, I think the bank will ask that question, but if you say that it tends income from the business that you run, I think it will be fine. Well, it is an excess of gold is that you can flaunt it in public, but if you do that, you're just inviting criminals to target you. it may be better to store the gold for a long time, and not for the trophy.

Gold jewellery is not the best way to invest in gold as premiums are very high.

You are much better off buying gold bullion bars/coins as close to spot as possible.

If you buy too often in the same place you will be quickly spotted by criminals. And I wouldn't hope that the dealer (even if it is a bank) won't flag you (not necessarily as suspicious but still). In any case, you should be prepared that some people would know you have gold including people that you would most certainly prefer they didn't...

And some of them would even know how much gold you have