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Author Topic: Bitcoin or Gold? What would you pick?  (Read 299014 times)
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August 19, 2016, 03:47:51 PM
 #2841

The value of bitcoin should be fixed in order to make happen our wants. But we know that already in the beginning many investors take risk putting their money to make profit from it so maybe they are against to make the price stable including the traders. So for now,I don't see BTC taking over the gold if it will, it will takes long time...
I think the same with you. I think both have their respective advantages. we must look at the current environment. we can not call one of them is the best. side is the best investment that can be profitable.

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August 19, 2016, 03:52:16 PM
 #2842

If the price of Bitcoin or Gold that i will get is like 600$ up , I would certainly get Bitcoin instead of gold because Bitcoin already proven itself to me that when it comes in long term Bitcoin price surely will have a huge increase, from cents to 580$ today who knows in how much its value in the future. 

We may see much higher price of bitcoin in future but there is no assurance that it will happen and that is the reason people have more confidence in gold in compare to bitcoins.
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August 20, 2016, 05:36:40 AM
 #2843

The best choice is certainly Bitcoin, not only based on speculation, but by the economic problems that the currency is able to solve, regarding inflation, besides secure system and efficient transactions.
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August 20, 2016, 05:41:54 AM
 #2844

The value of bitcoin should be fixed in order to make happen our wants. But we know that already in the beginning many investors take risk putting their money to make profit from it so maybe they are against to make the price stable including the traders. So for now,I don't see BTC taking over the gold if it will, it will takes long time...

That's quite true and it's the same I think about the Bitcoin vs Gold choice. I would still prefer to purchase gold and store it (it has a good store of value and also with an increasing value over time). I can sell gold anywhere outside legally and wouldn't have to worry about the Reserve Banks monitoring the sales of it. I prefer something that has an easy to exchange medium.
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August 20, 2016, 06:14:02 AM
 #2845

The value of bitcoin should be fixed in order to make happen our wants. But we know that already in the beginning many investors take risk putting their money to make profit from it so maybe they are against to make the price stable including the traders. So for now,I don't see BTC taking over the gold if it will, it will takes long time...

That's quite true and it's the same I think about the Bitcoin vs Gold choice. I would still prefer to purchase gold and store it (it has a good store of value and also with an increasing value over time). I can sell gold anywhere outside legally and wouldn't have to worry about the Reserve Banks monitoring the sales of it. I prefer something that has an easy to exchange medium.
If that is your reason then it is good but if you will also consider bitcoin you can always have a good profit even in a short period of time. Mind you brother, you need to safeguard your gold from thieves if you are serious with pursuing gold as your business or investment.

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August 20, 2016, 10:20:37 AM
 #2846

The best choice is certainly Bitcoin, not only based on speculation, but by the economic problems that the currency is able to solve, regarding inflation, besides secure system and efficient transactions.

Im n both love them both have some in gold and have in bitcoin

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August 20, 2016, 10:22:26 AM
 #2847

To take benefits in short term I will prefer to invest my money in bitcoins, as its a speculation that price will go higher in coming months so don't want to miss the opportunity to make quick profits.
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August 20, 2016, 12:20:34 PM
 #2848

To take benefits in short term I will prefer to invest my money in bitcoins, as its a speculation that price will go higher in coming months so don't want to miss the opportunity to make quick profits.
That's a wise move, for sure we will be rich in the future if we will hold our bitcoins for a long period. I know there are some bad news that will affect the price of bitcoin to fall but with our strong faith and confidence on bitcoin we can survive and rip the sweetest fruits of our labor when time to sell will come.
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August 20, 2016, 12:29:26 PM
 #2849

To take benefits in short term I will prefer to invest my money in bitcoins, as its a speculation that price will go higher in coming months so don't want to miss the opportunity to make quick profits.
That's a wise move, for sure we will be rich in the future if we will hold our bitcoins for a long period. I know there are some bad news that will affect the price of bitcoin to fall but with our strong faith and confidence on bitcoin we can survive and rip the sweetest fruits of our labor when time to sell will come.
A more stable investment than gold probably is not and never will be. Any currency rises and falls. For bitcoin generally hard to predict anything. Therefore bitcoin make better and keep longer in gold.
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August 20, 2016, 01:06:46 PM
 #2850

To take benefits in short term I will prefer to invest my money in bitcoins, as its a speculation that price will go higher in coming months so don't want to miss the opportunity to make quick profits.
That's a wise move, for sure we will be rich in the future if we will hold our bitcoins for a long period. I know there are some bad news that will affect the price of bitcoin to fall but with our strong faith and confidence on bitcoin we can survive and rip the sweetest fruits of our labor when time to sell will come.
A more stable investment than gold probably is not and never will be. Any currency rises and falls. For bitcoin generally hard to predict anything. Therefore bitcoin make better and keep longer in gold.
Gold is more stable as it has existed before bitcoin, gold has been part of our history so it is valuable at any given time, the value will appreciate from time to time but bitcoin is useful for the people unlike gold is useful only for limited number of people especially the rich people.

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August 20, 2016, 03:05:56 PM
 #2851

bitcoin is useful for the people unlike gold is useful only for limited number of people especially the rich people.

Care to explain a bit?

In my opinion, gold is more useful to the people when compared to Bitcoin. In my country, no supermarket accepts BTC. I need to convert the BTC to fiat, before making payments. However, there are very few places where I can do that. On the other hand, I can easily convert my bullion coins to fiat, and the premium for doing that is very low.
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August 21, 2016, 07:10:13 AM
 #2852

bitcoin is useful for the people unlike gold is useful only for limited number of people especially the rich people.

Care to explain a bit?

In my opinion, gold is more useful to the people when compared to Bitcoin. In my country, no supermarket accepts BTC. I need to convert the BTC to fiat, before making payments. However, there are very few places where I can do that. On the other hand, I can easily convert my bullion coins to fiat, and the premium for doing that is very low.

I'll choose gold over BTC also. Since gold is known by everybody so its very likely that if I wanted money I can just sell my bullion especially now that I am in the middle east and one of the main trades here is gold. It's hard to buy or sell BTC in here with low transaction fees while its very simple to buy and sell gold with minimal transaction fee if there is any.

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August 21, 2016, 07:16:50 AM
 #2853

That's a really tough question. I could answer it if I had a crystal ball but until then I'll try to collect as much of both as I can!  Grin

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August 21, 2016, 07:38:20 AM
 #2854

Gold over BTC

Reasoning:

Gold has been a traded metal since the beginning of time.  Everyone knows gold, not everyone knows BTC. Gold serves many purposes, we like the glitter, but also it's a good conductor, used in computers, machinery, etc.

BTC is digital, only worth what others think its worth. 

BTC is a fad that will end eventually, ride it while you can. Big brother is never going to allow BTC to take over fiat.

The younger generation could change that.  But, doubt it cuz they got their heads in Kim K's ass and brains fried on Special K.


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August 21, 2016, 08:00:25 AM
 #2855

If I had to choose, I would take gold.
It's accepted almost anywhere in the world, you do not need a computer for it and it is not as volitaile as bitcoin.
Yes, it can be stolen, but so cen be bitcoins if you do not handle your keys carefully.

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August 21, 2016, 08:06:47 AM
 #2856

If I had to choose, I would take gold.
It's accepted almost anywhere in the world, you do not need a computer for it and it is not as volitaile as bitcoin.
Yes, it can be stolen, but so cen be bitcoins if you do not handle your keys carefully.
Both have its own features but i wont agree.I am gonna select bitcoin because gold cannot be used for small things and you need a good amount to own gold.And right now bitcoin is accepted worldwide in the online world,we can do shop online even i use it to do mobile recharges with this and bitcoin provides us other earning oportunities as well which gold doesnt.
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August 21, 2016, 09:06:50 AM
 #2857

If I had to choose, I would take gold.
It's accepted almost anywhere in the world, you do not need a computer for it and it is not as volitaile as bitcoin.
Yes, it can be stolen, but so cen be bitcoins if you do not handle your keys carefully.
Both have its own features but i wont agree.I am gonna select bitcoin because gold cannot be used for small things and you need a good amount to own gold.And right now bitcoin is accepted worldwide in the online world,we can do shop online even i use it to do mobile recharges with this and bitcoin provides us other earning oportunities as well which gold doesnt.
You are absolutely right, gold is only for serious investors because it needs a serious amount of money, you cannot invest good if you do not have a decent capital because the profit is only a small percentage compared to bitcoin where at anytime the price could skyrocket.

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co5hike
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August 21, 2016, 04:52:46 PM
 #2858

If I had to choose, I would take gold.
It's accepted almost anywhere in the world, you do not need a computer for it and it is not as volitaile as bitcoin.
Yes, it can be stolen, but so cen be bitcoins if you do not handle your keys carefully.
Both have its own features but i wont agree.I am gonna select bitcoin because gold cannot be used for small things and you need a good amount to own gold.And right now bitcoin is accepted worldwide in the online world,we can do shop online even i use it to do mobile recharges with this and bitcoin provides us other earning oportunities as well which gold doesnt.
You are absolutely right, gold is only for serious investors because it needs a serious amount of money, you cannot invest good if you do not have a decent capital because the profit is only a small percentage compared to bitcoin where at anytime the price could skyrocket.

Yeah with bitcoin we can expect higher profits even with a small investment, which is never possible with gold, and gold is only a store of value and doesn't holds multiple features like bitcoin.
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August 21, 2016, 05:04:39 PM
 #2859

I guess it's good to have both Cheesy It's really not so easy to tell which one to choose,each of them has it's own pros and delivers unique functions so I personally prefer to have each one.

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August 21, 2016, 05:10:22 PM
 #2860

I guess it's good to have both Cheesy It's really not so easy to tell which one to choose,each of them has it's own pros and delivers unique functions so I personally prefer to have each one.

having both mean also that you will invest more to maintain the same ratio, otherwise you can lose a big portion of gaining if one of them go where you want, like if bitcoin skyrocket and you invested only 50% because the other 50% is in gold

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