Bitcoin or Gold? What would you pick?

[boumalo]

I take Bitcoin, because I can do faster exchange.

Many qualities for Bitcoin : faster exchange, smaller storage ect. But Gold has been here for thousands of years as a store a value and medium of exchange

The other thread about Gold and Bitcoin https://bitcointalk.org/index.php?topic=68655.13220;topicseen is 662pages big

[kl8847]

One advantage to Gold as that girl said - it is beautiful
everything else goes for Bitcoin

[Coinshot]

Bitcoin is on a downtrend, but Gold is about to collapse. So Bitcoin for now, the potential upsides are huge.

[Rub3n]

Nice video, and a good question. I would go for Bitcoin.

[melds39]

Bitcoin is on a downtrend, but Gold is about to collapse. So Bitcoin for now, the potential upsides are huge.

how is gold about to collapse? Gold has a lot of uses besides being used as a hoarder currency.

[Seketsuna]

Bitcoin is on a downtrend, but Gold is about to collapse. So Bitcoin for now, the potential upsides are huge.

how is gold about to collapse? Gold has a lot of uses besides being used as a hoarder currency.

i think its the other way around, Bitcoin is collapsing and gold is on a downtrend. I think that what he meant

[Fabrizio89]

Bitcoin is on a downtrend, but Gold is about to collapse. So Bitcoin for now, the potential upsides are huge.

how is gold about to collapse? Gold has a lot of uses besides being used as a hoarder currency.

You should take a look at gold charts and the markets in general then, the situation is not good. Gold has been on a rise for too much without a serious correction, and in good part because of banks manipulating it and right now the US plans on the dollar have changed bringing new strenght to the currency, thus affecting stocks and commodities. We could see a "Black Monday" (or maybe two if you want to be pessimistic) soon enough.

[cutesakura]

of course this time I opted for the gold, because bitcoin prices are down, gold prices are more stable, but likely will return bitcoin prices stable as before ... for now we have to do is keep the bitcoin, bitcoin prices return to normal wait, and if you want to invest should invest into gold ... hopefully situation is getting better ... 

[xcapator]

There's only maybe 0.1% of the gold market could be back up by physical gold, if there ever was a rush for gold they would quickly default, so I would go for Bitcoin

[kaykawa]

Definitely Bitcoin.
The problem with gold is that it is manipulated and suppressed by the "powers that be".
They have no such control over Bitcoin.

[Meuh6879]

the problem with gold are :

- the tax
- the bank
- the color
- the weight

the problem with bitcoin are :

- ... ?

Nothing, i can spend in the 5 minutes, the amount of money that i want and nothing can stop me ... not my gov and not my bank.
tax to do this ?

7%


what is the tax and the spend of time to transform gold in something tangible ? 

[boumalo]

the problem with gold are :

- the tax
- the bank
- the color
- the weight

the problem with bitcoin are :

- ... ?

Nothing, i can spend in the 5 minutes, the amount of money that i want and nothing can stop me ... not my gov and not my bank.
tax to do this ?

7%


what is the tax and the spend of time to transform gold in something tangible ? 

You can have Gold outside a Bank and the color has been liked, it's a shiny metal with awesome proprieties, Bitcoin is great as well but Gold can be great and if things turn sour you can exchange Gold for everything, tax free. If you live in a free country, you can exchange Gold for fiat without being tax or with a very small tax

[boumalo]

It's exactly because bitcoin doesn't have intrinsic value in the traditional sense (meaning that people could use bitcoin for other functions — e.g. gold can be used in electronics and jewelry) that makes people want to circulate coins in the economy. Otherwise people would treat bitcoins like gold and horde it. The completely speculative nature of digital currencies is what will keep coins moving when we mint the last 21 millionth bitcoin. I think it's this very feature that might prevent a deflationary spiral.

Bitcoin has intrinsic value, you can use it for many functions : store of value, medium of exchange ect.

[PandaMac]

I'd pick Bitcoin because it would mean that I wouldn't have to get my lazy ass off my chair if I wanted to turn it into fiat.

[Coinshot]

Bitcoin is on a downtrend, but Gold is about to collapse. So Bitcoin for now, the potential upsides are huge.

how is gold about to collapse? Gold has a lot of uses besides being used as a hoarder currency.

i think its the other way around, Bitcoin is collapsing and gold is on a downtrend. I think that what he meant

Have a look at the charts. Gold is about collapse severely. Short it if you have the resources.

[STT]

Gold has already declined.  In the seventies it fell 50% but this was during a rise from 35 lasting to $800.   It seems quite similar now, even if we fell to 900 dollars an ounce I would not be surprised to see it still beat previous highs.

Or consider why dollars should appreciate in value now.  Is this a solid dynamic to mirror your call for a collapse, one side does not move without the other and dollars have their own story beside btc or gold 'weakness'

[botany]

It's exactly because bitcoin doesn't have intrinsic value in the traditional sense (meaning that people could use bitcoin for other functions — e.g. gold can be used in electronics and jewelry) that makes people want to circulate coins in the economy. Otherwise people would treat bitcoins like gold and horde it. The completely speculative nature of digital currencies is what will keep coins moving when we mint the last 21 millionth bitcoin. I think it's this very feature that might prevent a deflationary spiral.

Bitcoin has intrinsic value, you can use it for many functions : store of value, medium of exchange ect.

Intrinsic value is something other than its use as "money" (store of value, medium of exchange).

[panju1]

the problem with gold are :

- the tax
- the bank
- the color
- the weight

the problem with bitcoin are :

- ... ?

What is the problem with gold's color? 

[STT]

Sounds racist to me, all golds disadvantage will be held as advantages by someone else as some just prefer the tangible over the theoretical instant magic of bitcoin.   Weight could be useful as it only takes a small amount for worth, just a gram of gold is substantial amount of cash in many countries and will pay a weeks bills.    It relates to compactness, I know not BTC is lighter then air :p but its no longer physical at that point.  The weight relates to coin definition as well

[GenieBTC]

Gold all the way.. I can use, I can sell it.