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Author Topic: Bitcoin or Gold? What would you pick?  (Read 299014 times)
krishna1
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October 04, 2016, 05:11:38 PM
 #3241

if i want to grow my money safely then i belive and know that gold is the best option but insted if i want to take it as an investment only then bitcoin is mostly sutable on this and even at daily use or long or short term use bitcoin is capable on all these terms

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October 04, 2016, 05:18:43 PM
 #3242

It makes no sense here
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October 04, 2016, 05:26:37 PM
 #3243

I would take the bitcoin because it has a good future and you can do multiple things with it too.
As a example you can do more terms with it, you can invest it as a long term but also as a short term too.
yeah compared to gold which has only two functions alone are jewelery and investment. bitcoin has many uses than gold, so I prefer to use bitcoin
Bitcoin is for the entire human race while gold is only for the rich people, if we will support bitcoin as our investment we are like saying that we are very positive that in the future bitcoin will be the mainstream currency and with that happening people will be benefited while we earn.

Yeah tell this to people who don't know how to access the internet, those who are computer  illiterate, those who cant buy an android phone, and those people in the rural area where technology seems forgotten.  Access to bitcoin  needs more items than accessing gold. if you have money you can buy gold, in bitcoin, if you have money but dont have pc, internet, or phone capable of accesing bitcoin wallet, you cannot buy bitcoin.  So tell me which one is more mass friendly?
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October 05, 2016, 05:33:28 AM
 #3244

if i want to grow my money safely then i belive and know that gold is the best option but insted if i want to take it as an investment only then bitcoin is mostly sutable on this and even at daily use or long or short term use bitcoin is capable on all these terms

Gold is much safer and you have the track to get good profit with it as the value of gold is just going to keep on increasing, unlike bitcoin is risky and because of its unstable price that is making a lot of investors taking the risk for they know that bitcoin is going to keep on increasing. And I am preferring more with bitcoin rather than gold.

 
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hakanbalta577
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October 05, 2016, 05:54:23 AM
 #3245

I would pick Bitcoin all day because that is what I am used to and what I know, I do know nothing about gold do it would not be smart to pick that.
I have experience with Bitcoin so that would be my number one choice.
Yes its same with me and i will all choose bitcoin over gold each and every time without any doubt.Pretty similar reason with me as well because i am in the bitcoin world since 1-2 years now and i am experienced in this and know how to make money out of it weather as in gold i dont have much knowledge about it.
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October 05, 2016, 07:53:13 AM
 #3246

I would always choose Bitcoin over every other crypto currency that exist because I am familiar with Bitcoin so this is what I feel comfortable around.
i do not know much about gold so I would have to do my research first before I decide do to something with it.
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October 05, 2016, 08:12:21 AM
 #3247

its very hard to decide but i will go in with bitcoin....because ROI in bitcoin is high but unstable but in case of gold is low but is a way stable than bitcoin....But Bitcoin has advantage is that it is more secured...so i will go with it

It's not so difficult to decide it depends on what your goals are it if you want to save for a long time in a stable enviroment then you pick gold obviously.
But for anything else you would have to pick bitcoin like investment potential. Cause gold is so stable it won't make you any richer.
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October 05, 2016, 08:16:12 AM
 #3248

I would like to invest money  in both, as both may bring great  benefits. We cannot be sure about  which one can be more profitable in  the future, so I think it's better  to invest some money in each of  them, to diversify the portfolio.
you are right that invest in both and i think both are safest investment but bitcoin increasing its price too much faster than gold and bitcoin is very useful and beneficial and we can use bitcoin in everywhere for shopping so we can use it as currency .
Bitcoin has been very successful this year and you cannot see a legitimate investment that can easily increase its value in short period of time, bitcoin did that and we have increase substantially this year.
Indeed bitcoin has a lot of potential to increase in value unlike gold. Gold is too stable for my cup of tea.
Don't get my wrong if i ever need to put away money safe I'd do it in gold but for the time being my goal is to make more money which gold couldn't offer.
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October 05, 2016, 08:26:24 AM
 #3249

its very hard to decide but i will go in with bitcoin....because ROI in bitcoin is high but unstable but in case of gold is low but is a way stable than bitcoin....But Bitcoin has advantage is that it is more secured...so i will go with it

Bitcoin is obviously not more secured than gold, because gold is not something that can be stolen like bitcoin, you keep gold in a safe at home and they are safe totally, but what if you have coins in a wallet and your wallet gets hacked? That does not happen mostly but who knows..
And also, gold does not drop its price as much as bitcoin might do, but also gold does not grow in value as much as bitcoin does, so in terms of value bitcoin would be a better pick but in terms of security gold would be better.
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October 05, 2016, 09:35:22 AM
 #3250

I would choose bitcoin  since it has more volatile price compared to gold but  if  i have to  choose and  i have the money  i would definitely  choose  both because   these  two things would  give you profits  on  long terms for sure.

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October 05, 2016, 11:55:49 AM
 #3251

I would choose bitcoin  since it has more volatile price compared to gold but  if  i have to  choose and  i have the money  i would definitely  choose  both because   these  two things would  give you profits  on  long terms for sure.
Actually if you are a trader you will be benefited much of the volatility of bitcoin, that's why good traders are now trading in the crypto world because they can make easy money doing some kind of day trading. Gold on the other hand is only good for long term investment and you need a good amount of capital to succeed.

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October 05, 2016, 12:52:32 PM
 #3252

For short term investment, I prefer to choose bitcoin. I can use bitcoin to buy things, sell things, pay bills via online. Also I can exchange it into fiat.
And if it's for long term investment, bitcoin is a good choice, but I'd rather to pick gold.
true for short term of bitcoin you can too investment or trading to make profit not much but you have profit atleast 5% of your money depends always on the exchange website you are using for and the fiat you will exchange bitcoin can be in the long term of investment bitcoin is a good one of source in come.
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October 05, 2016, 01:24:11 PM
 #3253

I would choose bitcoin  since it has more volatile price compared to gold but  if  i have to  choose and  i have the money  i would definitely  choose  both because   these  two things would  give you profits  on  long terms for sure.
Actually if you are a trader you will be benefited much of the volatility of bitcoin, that's why good traders are now trading in the crypto world because they can make easy money doing some kind of day trading. Gold on the other hand is only good for long term investment and you need a good amount of capital to succeed.

Portraying volatility as a benefit per se is nonsense, because volatility can also work to your disadvantage. It's true that traders are primarily interested in volatile assets, as they tend to be highly impatient speculators. However, traders are fooling themselves if they think that crypto trading equals making "easy money" - in fact the risk is even higher than with traditional assets. But since traders consistently overestimate their abilities they are unlikely to acknowledge that. Most traders end their activities with a negative return on investment, but will remain silent regarding their failure out of embarrassment.

That said, you can trade gold as well. There are myriads of instruments available, also with extremely high leverage. And yesterday gold also showed that is far from being immune to volatility.

I take pride in not being part of the trader folk, because these people do not care about the assets they buy - all they want is debt-based fiat trash money. While they are stressed out about the latest market movements I can stay deeply relaxed and simply watch the buying power of my assets appreciate.

ya.ya.yo!  

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October 05, 2016, 01:42:18 PM
 #3254

If you want to be sure that you have enough money in the future you should try tyo invest into the gold instead of putting all of your money into the bitcoin because bitcoins will crash gold will always have a value.
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October 05, 2016, 01:44:11 PM
 #3255

If I had to pick between bitcoin and gold to transfer all my money right now I'd pick bitcoin because with bitcoin i can earn money.
I would pick gold only if I would be multi millionaire that doesn't want to lose his fortune.
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October 05, 2016, 01:45:30 PM
 #3256

I would choose bitcoin  since it has more volatile price compared to gold but  if  i have to  choose and  i have the money  i would definitely  choose  both because   these  two things would  give you profits  on  long terms for sure.
yes I agree with you. each media certainly has its advantages and drawbacks. I chose bitcoin for short-term investments.
and I also choose gold bars for long term investment.
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October 06, 2016, 08:58:11 AM
 #3257

ofcourse bitcoin, i think gold price wil not go up till next year, it is ranging now
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October 06, 2016, 10:00:27 AM
 #3258

ofcourse bitcoin, i think gold price wil not go up till next year, it is ranging now
I think the gold price is already high enough so I think gold has reached their maximum price point. whereas bitcoin, bitcoin is still at a fairly low price and it is possible that in the future bitcoin prices will be higher than now, so I'll pick bitcoin
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October 06, 2016, 01:06:05 PM
 #3259

I would choose bitcoin  since it has more volatile price compared to gold but  if  i have to  choose and  i have the money  i would definitely  choose  both because   these  two things would  give you profits  on  long terms for sure.
Actually if you are a trader you will be benefited much of the volatility of bitcoin, that's why good traders are now trading in the crypto world because they can make easy money doing some kind of day trading. Gold on the other hand is only good for long term investment and you need a good amount of capital to succeed.

Portraying volatility as a benefit per se is nonsense, because volatility can also work to your disadvantage. It's true that traders are primarily interested in volatile assets, as they tend to be highly impatient speculators. However, traders are fooling themselves if they think that crypto trading equals making "easy money" - in fact the risk is even higher than with traditional assets. But since traders consistently overestimate their abilities they are unlikely to acknowledge that. Most traders end their activities with a negative return on investment, but will remain silent regarding their failure out of embarrassment

I tend to disagree. There would be no disadvantage in volatility if both assets that you sell and buy are equally valuable to you, for example, Bitcoin and dollar. Price stability, on the contrary, would definitely mean that the value of your portfolio remains the same whichever metric you may choose to gauge it in. In this sense, you don't particularly care which direction the price decides to go as long as it goes somewhere and doesn't stand still. 
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October 06, 2016, 02:01:14 PM
 #3260

Bitcoins and gold is the same ting! It's a commodity.
Gold has several advantages, that being it's history. It has been a valuable during several thousand years, whereas the bitcoin has only been a valuable for less than a decade.

That being said. I'd cover myself with bitcoins over gold any day. When the fiat currency market crashes some day, we will use crypto currencies to trade. Gold will not be used for trade unless the whole world goes nuclear.
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