Bitcoin or Gold? What would you pick?

[deisik]

Gold...
Who wouldn't invest their $100,000 in gold rather than Bitcoin
For a 10 year investment, gold wins every single time.

Bitcoin is rather a payment system. Not really an investment.

Anything that you can sell higher than you buy can be an investment (even a payment system, which is only one aspect of bitcoin in this case)... 

[hodap]

Gold is safer.

[deadley]

I will diversified with both. some Bitcoin and some Gold.

[okthen]

I think it would depend on the amount.
But in principle I would prefer bitcoin. I would then buy gold and get some cash with half of it, and keep the remaining in btc to see where it goes.

[igorr]

Bitcoin or Gold? What would you pick?

Gold, absolutely


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[deisik]

Bitcoin or Gold? What would you pick?

Gold, absolutely

A shrewd decision taking into account that gold's current price is near its cost of production, so it just can't fall much lower for a long period of time (but just long enough to take longs, no pun intended)...

[igorr]

Bitcoin or Gold? What would you pick?

Gold, absolutely

A shrewd decision taking into account that gold's current price is near its cost of production, so it just can't fall much lower for a long period of time (but just long enough to take longs, no pun intended)...

Gold always has value, thousands of years ago,  bitcoin for 5 days can be worth zero.

[greenlion]

Bitcoin or Gold? What would you pick?

Gold, absolutely

A shrewd decision taking into account that gold's current price is near its cost of production, so it just can't fall much lower for a long period of time (but just long enough to take longs, no pun intended)...

There is no such thing as a single price point "cost of production" for gold, because the true underlying costs represent a monotonically-increasing function based on the underlying difficulty of obtaining the gold. Market price drives cost of production in the sense of what kind of supply preferences are going to actually be realized in the market, and not the other way around.

[igorr]

who cares for bitcoin
the same is, no matter the prices $1 or $10000000 , because bitcoin price control bots, not people !

[greenlion]

who cares for bitcoin
the same is, no matter the prices $1 or $10000000 , because bitcoin price control bots, not people !

Because obviously Bitcoin is the only asset in the entire world where automated systems perform trades.

[igorr]

who cares for bitcoin
the same is, no matter the prices $1 or $10000000 , because bitcoin price control bots, not people !

Because obviously Bitcoin is the only asset in the entire world where automated systems perform trades.

with Bitcoin can not buy anything, just on black market Silk Road.

[lynn_402]

Definitely Bitcoin. Gold is way too slow and difficult to move to have any use for trading in the age of information.

with Bitcoin can not buy anything, just on black market Silk Road.

Haha!

[deisik]

Definitely Bitcoin. Gold is way too slow and difficult to move to have any use for trading in the age of information.

You can buy "paper" gold (yes, I know about its drawbacks and all that)...

[lynn_402]

Definitely Bitcoin. Gold is way too slow and difficult to move to have any use for trading in the age of information.

You can buy "paper" gold (yes, I know about its drawbacks and all that)...

It would still be irrelevant for commerce through the internet, wouldn't?
And central authorities would have to massively adopt this so it could be useful, I very much prefer cryptocurrencies' decentralized system.

[deisik]

Bitcoin or Gold? What would you pick?

Gold, absolutely

A shrewd decision taking into account that gold's current price is near its cost of production, so it just can't fall much lower for a long period of time (but just long enough to take longs, no pun intended)...

There is no such thing as a single price point "cost of production" for gold, because the true underlying costs represent a monotonically-increasing function based on the underlying difficulty of obtaining the gold. Market price drives cost of production in the sense of what kind of supply preferences are going to actually be realized in the market, and not the other way around.

I know about this, but nevertheless, we can still calculate an average cost of production for gold in respect to mines, countries or continents. Look here for more info (beginning of 2013 data)!

[igorr]

this looks better 

[deisik]

Definitely Bitcoin. Gold is way too slow and difficult to move to have any use for trading in the age of information.

You can buy "paper" gold (yes, I know about its drawbacks and all that)...

It would still be irrelevant for commerce through the internet, wouldn't?
And central authorities would have to massively adopt this so it could be useful, I very much prefer cryptocurrencies' decentralized system.

Strictly speaking, no, it wouldn't. But there is no problem selling it at any moment, so it doesn't actually matter. And that's why central authorities don't need to "adopt this" at all, they already have fiat...

[lynn_402]

this looks better 

Nah, cryptography looks a lot better
http://www.extremetech.com/wp-content/uploads/2014/02/Code-640x353.jpg

Definitely Bitcoin. Gold is way too slow and difficult to move to have any use for trading in the age of information.

You can buy "paper" gold (yes, I know about its drawbacks and all that)...

It would still be irrelevant for commerce through the internet, wouldn't?
And central authorities would have to massively adopt this so it could be useful, I very much prefer cryptocurrencies' decentralized system.

Strictly speaking, no, it wouldn't. But there is no problem selling it at any moment, so it doesn't actually matter. And that's why central authorities don't need to "adopt this" at all, they already have fiat...

But how could someone know that the paper gold is actually legit, if it was not controlled by a trusted third party?

[deisik]

this looks better 

Nah, cryptography looks a lot better
http://www.extremetech.com/wp-content/uploads/2014/02/Code-640x353.jpg

Definitely Bitcoin. Gold is way too slow and difficult to move to have any use for trading in the age of information.

You can buy "paper" gold (yes, I know about its drawbacks and all that)...

It would still be irrelevant for commerce through the internet, wouldn't?
And central authorities would have to massively adopt this so it could be useful, I very much prefer cryptocurrencies' decentralized system.

Strictly speaking, no, it wouldn't. But there is no problem selling it at any moment, so it doesn't actually matter. And that's why central authorities don't need to "adopt this" at all, they already have fiat...

But how could someone know that the paper gold is actually legit, if it was not controlled by a trusted third party?

What do you mean? You buy gold derivatives (e.g. gold cash-settled futures) through exchanges, no one promises to deliver you physical gold...

[igorr]

this looks better  

Nah, cryptography looks a lot better
http://www.extremetech.com/wp-content/uploads/2014/02/Code-640x353.jpg

LOL,
Ok, you buy your girlfriend zeros and ones, SHA 256, AES, RSA, RC4 or ....... (cryptography)
I will with pure gold.