Bitcoin or Gold? What would you pick?

[tommorisonwebdesign]

For long term investment, I may take gold but Bitcoin is quite a volatile investment and that makes it an appealing choice for those who want to gain in the short term. I would say gold and bitcoin are going to go up in value since they are both deflationary currencies.

[Yakamoto]

I will pick both up.
First I prefer Bitcoin and by trading I will earn money and store it in the form of gold.
So this is my master plan for both of these assets.

This is similar to my strategy for long-term investing.

Due to Bitcoin still being fairly new in comparison to gold, I prefer sticking with the tried-and-true 9To some extent), meaning that I'd store assets as gold, and not as Bitcoin.

Bitcoin, however, is great for making purchases and for earning some additional income, as well as being an asset for the short term (6 months-1 year), in my opinion.

Both have advantages and disadvantages, shown by this chart:

(http://www.dugcampbell.com/wp-content/uploads/2014/12/Traits-of-Money.png)

One disadvantage Bitcoin has that's not stated is that if the power goes out, you're in trouble.

[novadragon]

of course I chose gold, gold prices will always increase

[TacoSptgi]

I'd probably choose Bitcoin, but I think that gold prices will probably rise in, say, 20 years, due to the statistics of gold and everything. There is another crypto that recently came out called Bitgold, which is based on the price and stability of gold.

[bryant.coleman]

of course I chose gold, gold prices will always increase

Lol... then what is your opinion about the recent slump in gold prices? There is no guarantee that the gold prices will increase for ever. For example, the prices have dropped from $1,800 per oz in 2011 to $1,090 per oz as of now. A part of the blame can be put on the strong dollar, but we should remember that the fall in gold price was more pronounced than that of the other commodities.

[illyiller]

of course I chose gold, gold prices will always increase

Not sure about that. But in the long run, it probably would serve as a hedge against depreciating currencies. In the event of worldwide economic crisis, gold may take a hit at first -- commodity shock -- but it would likely perform well against most asset classes IMO in the aftermath. And who knows? Maybe the long term bull run continues.....

To the OP, I'd choose bitcoin. It's pretty clear it's not going away at this point. Decentralized, divisible, transferable value. It's an amazing thing.

[deisik]

of course I chose gold, gold prices will always increase

Lol... then what is your opinion about the recent slump in gold prices? There is no guarantee that the gold prices will increase for ever. For example, the prices have dropped from $1,800 per oz in 2011 to $1,090 per oz as of now. A part of the blame can be put on the strong dollar, but we should remember that the fall in gold price was more pronounced than that of the other commodities.

Oil traders massively beg to differ...

[HarHarHar9965]

For long term investment, I may take gold but Bitcoin is quite a volatile investment and that makes it an appealing choice for those who want to gain in the short term. I would say gold and bitcoin are going to go up in value since they are both deflationary currencies.

hey man that's just sad because in the long term is the only time you will actually get a profit out of bitcoin, I wouldn't debate or criticize gold. All of these investments are as much as a coin toss but they can only be measured in terms of their potential and that is the very reason bitcoin is the only choice I will be making. I hope you make better choices too and stop thinking short term

[Amph]

of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

[BTC_ISTANBUL]

Cash is % 100  reliable in times of crisis. It’s in periods of panic where a solid financial system has to prove itself,In a crisis situation, the demand for cash typically rises sharply. The reason for this is trust in real currency.

Something digital can dissapear in a few seconds, or you can not use BTC or alt coins without access to internet and electricity.
I am a true believer of BTC, however I do not expect BTC be a major currency but an alternative and hedging instrument.

I am also a true fan of starwars.There is digital credits there.If there is a tangible form of BTC it can be used by larger groups of people.

[markj113]

of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss

Gold is on the verge of a new bull run, just wait and see

[Dick Valentine]

of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss

Gold is on the verge of a new bull run, just wait and see

Gold doesn't have much potential for a decent profit though. bitcoin might be down but In the long run the potential for gains is still huge. I think the price in 2-5 years could be in the thousands, though only time will tell. I guess it depends how much it gets adopted by the mainstream or certain industries.

[acquafredda]

of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss

Gold is on the verge of a new bull run, just wait and see

Come on we all know that the price you're talking about was totally fake. Mt.Gox bots made all that mess. That was not supposed to happen.
And I definitely think BTC it is not mature enough to be at that price considering also all the fuss going on between devs and changes and nodes and stuff.

But I agree with you that gold will rise up again soon.

[Amph]

of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss

Gold is on the verge of a new bull run, just wait and see

yeah i know, i didn't say anything about how bitcoin is performing better because of the last big dump that happened for bitcoin, but the difference is that bitcoin is still new it can rise many more times, or at least there is the potential for this to happen

with gold you have a decrepit old man that it may not see the light anymore, if you know what i mean

[markj113]

of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss

Gold is on the verge of a new bull run, just wait and see

yeah i know, i didn't say anything about how bitcoin is performing better because of the last big dump that happened for bitcoin, but the difference is that bitcoin is still new it can rise many more times, or at least there is the potential for this to happen

with gold you have a decrepit old man that it may not see the light anymore, if you know what i mean

BTC also has the real potential to go to ZERO too whereas gold does not, the decrepit old man isnt going anywhere.

[HarHarHar9965]

of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss

Gold is on the verge of a new bull run, just wait and see

yeah i know, i didn't say anything about how bitcoin is performing better because of the last big dump that happened for bitcoin, but the difference is that bitcoin is still new it can rise many more times, or at least there is the potential for this to happen

with gold you have a decrepit old man that it may not see the light anymore, if you know what i mean

BTC also has the real potential to go to ZERO too whereas gold does not, the decrepit old man isnt going anywhere.

There is no way to determine what would go up and down in a long term aspect, people didn't really care when bitcoin was born, but as bitcoin went up, it did get a lot of attention, around half a million users in the world You might vest your trust in gold because it has been a long time, but things change. The only thing inevitable in this world is change, buddy

[sportfan]

for shor time i would pick bitcoins but for longer time i would definatly go and buy gold..
bitcoin is new and who knows what can happen in 1--10 years?

[Amph]

of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss

Gold is on the verge of a new bull run, just wait and see

yeah i know, i didn't say anything about how bitcoin is performing better because of the last big dump that happened for bitcoin, but the difference is that bitcoin is still new it can rise many more times, or at least there is the potential for this to happen

with gold you have a decrepit old man that it may not see the light anymore, if you know what i mean

BTC also has the real potential to go to ZERO too whereas gold does not, the decrepit old man isnt going anywhere.

seeing how bitcoin is still new it has more potential to rise than to fall, at least this how i see it, instead gold is old nothing revolutionary about it anymore

i'm not expecting gold to ever overcome its peak another time, it will fluctuate in the current price range forever

[deisik]

seeing how bitcoin is still new it has more potential to rise than to fall, at least this how i see it, instead gold is old nothing revolutionary about it anymore

i'm not expecting gold to ever overcome its peak another time, it will fluctuate in the current price range forever

Forever?! I remember you saying about a week ago that the best bottom for Bitcoin was at 250... Now that we are at 230 (and still crashing down), all that I can say is beware of false prophets, wtf...

[traderbit]

Bitcoin !
No matter what might happen in the short term, bitcoin is going to massively rise in the long term.