Bitcoin or Gold? What would you pick?

[HarHarHar9965]

i prefer gold....  because in bitcoin you cannot really tell what will happen. besides when you dont have an electricity in one place, you cannot use your bitcoins. while in gold you can sell it anywhere...

Yeah, just like today how it plunged another $30 difference for no reason and still going down slow.

Its almost near $200ish barely holding, so i feel most of this is based on the news of the bitcoin split and no one wants hold it.

that is not the only reason affecting the market, there is a huge stock market crash which happened, a black monday and a lot of shit in China taking place against btc disregarding that most of the China uses btc a lot, there are websites like btcchina which are operating from there providing access to thousands of users, so things went south but it won't be like that forever

[btccashacc]

100% bitcoin  
I like bitcoin, because we can send it faster than gold, also we can sell and buy it without touching the physical of Bitcoin

[torrentheaven]

100% bitcoin  
I like bitcoin, because we can send it faster than gold, also we can sell and buy it without touching the physical of Bitcoin

That is true bitcoins have more advantage as compared to gold, but people have more faith in gold as an investment product, the only advantage bitcoin over gold have is you can carry infinite number of coins in your digital wallet but you cannot carry that amount of gold, or there would be a custom issue at the airport, but bitcoins is safe to carry.

[oxiyusuf]

100% bitcoin  
I like bitcoin, because we can send it faster than gold, also we can sell and buy it without touching the physical of Bitcoin

That is true bitcoins have more advantage as compared to gold, but people have more faith in gold as an investment product, the only advantage bitcoin over gold have is you can carry infinite number of coins in your digital wallet but you cannot carry that amount of gold, or there would be a custom issue at the airport, but bitcoins is safe to carry.

I agree with you especially bitcoin has the advantage of much more than gold, as the value which can be for up to 1 satoshi, durability, ease of sell and buy, and many other advantages that are not owned gold, but remain cautious in bring bitcoin if something happens it will disappear quickly, always back up your wallet

[Shinpako09]

bitcoin of course...You can use btc to buy online

[HarHarHar9965]

100% bitcoin  
I like bitcoin, because we can send it faster than gold, also we can sell and buy it without touching the physical of Bitcoin

That is true bitcoins have more advantage as compared to gold, but people have more faith in gold as an investment product, the only advantage bitcoin over gold have is you can carry infinite number of coins in your digital wallet but you cannot carry that amount of gold, or there would be a custom issue at the airport, but bitcoins is safe to carry.

I agree with you especially bitcoin has the advantage of much more than gold, as the value which can be for up to 1 satoshi, durability, ease of sell and buy, and many other advantages that are not owned gold, but remain cautious in bring bitcoin if something happens it will disappear quickly, always back up your wallet

the qualities which qualify such modes of payments as currencies are simple qualities like fungibility, divisibility, scarcity, etc. The amount of flexibility in such qualities and the currency which fulfills the most needs which ar required at current time in a currency suits to be the best one. Right now, I feel pretty satisfied with bitcoin, as the fiat system seems very broken to me.

[STT]

If bitcoin are as unpreditable as you say, you can also only speculate the price of gold, its also an investment too. In terms of electricity, bitcoin could be accessed and controlled through sms service, from any basic phone at any time, any hour. And talking about selling bitcoins, they are sold in exchanges, similar to gold. Nobody will buy Gold from you directly, very rare case of that happening.. So think before you type shit, noob

Pointlessly rude lol, kinda underlines you are likely wrong on this.   Gold is traded every high street, every town and every country of the world so far as I know.   Maybe its banned some places but the main debate would be what price can you get for the gold.
Im just saying most places have jewelary store of some kind or a watch repair and I doubt they turn away a gold sale but if they give a good price is another matter.   I guess its fair that most shops no longer recognise or are willing to judge the worth of gold coin or gold anything but someone who retails gold and many places do I think its fair they will trade gold at a push.   Its possible to spend gold by proxy on a visa card linked to its spot price that day so thats pretty modern.

BTC on the other I'd say if we are talking global is not as widespread as gold.  Its probably more accurate in price though and secure though an end user can be tricked into a loss.   I agree with the point about mobile phones allowing exchange without mains electricity and I believe this is a major factor in quite a few minor African countries; it can be some other mobile currency not btc in those cases

[HarHarHar9965]

If bitcoin are as unpreditable as you say, you can also only speculate the price of gold, its also an investment too. In terms of electricity, bitcoin could be accessed and controlled through sms service, from any basic phone at any time, any hour. And talking about selling bitcoins, they are sold in exchanges, similar to gold. Nobody will buy Gold from you directly, very rare case of that happening.. So think before you type shit, noob

Pointlessly rude lol, kinda underlines you are likely wrong on this.   Gold is traded every high street, every town and every country of the world so far as I know.   Maybe its banned some places but the main debate would be what price can you get for the gold.
Im just saying most places have jewelary store of some kind or a watch repair and I doubt they turn away a gold sale but if they give a good price is another matter.   I guess its fair that most shops no longer recognise or are willing to judge the worth of gold coin or gold anything but someone who retails gold and many places do I think its fair they will trade gold at a push.   Its possible to spend gold by proxy on a visa card linked to its spot price that day so thats pretty modern.

BTC on the other I'd say if we are talking global is not as widespread as gold.  Its probably more accurate in price though and secure though an end user can be tricked into a loss.   I agree with the point about mobile phones allowing exchange without mains electricity and I believe this is a major factor in quite a few minor African countries; it can be some other mobile currency not btc in those cases

More bitcoin is traded in a day than gold despite the widespread knowledge of Gold. Not many people accept gold, everybody has questions about the authenticity of it and what would be more time efficient? Giving fiat in exchange or offering gold? Gold has failed at a lot of factors which make a currency including divisibility, portability, etc. Oh, and if you think people accept gold as much as you believe they do, here's a video of people NOT accepting a gold bar and rather choosing a CHOCOLATE BAR.  The video was conducted in front of an exchange shop, it just displayed how lazy people are for such activities. When I used the word noob, I really meant it.

People Choose Free Candy Bar over Free 10 oz Silver Bar (Worth $150) in Experiment: https://www.youtube.com/watch?v=bYhTFz_SGw0

[bryant.coleman]

More bitcoin is traded in a day than gold despite the widespread knowledge of Gold.

That is not factually correct. Some 20 tonnes of gold is being traded on an average day, and it is worth around $700 million. On the other hand, the daily Bitcoin transaction is measured at around BTC200,000, which is worth some $45 million. This means that worth of gold being traded every day is more than 15 times that of Bitcoin.

[HarHarHar9965]

More bitcoin is traded in a day than gold despite the widespread knowledge of Gold.

That is not factually correct. Some 20 tonnes of gold is being traded on an average day, and it is worth around $700 million. On the other hand, the daily Bitcoin transaction is measured at around BTC200,000, which is worth some $45 million. This means that worth of gold being traded every day is more than 15 times that of Bitcoin.

in that case, I might be wrong because I did not know Gold is traded so much, but I did hear about crude oil being the world's biggest market and the costliest one, with one of the most priciest deals taking place every day. That is the very reason why dollar excels as a currency because of its involvement in buying petroleum, making it a petrodollar. correct?

[markj113]

More bitcoin is traded in a day than gold despite the widespread knowledge of Gold.

That is not factually correct. Some 20 tonnes of gold is being traded on an average day, and it is worth around $700 million. On the other hand, the daily Bitcoin transaction is measured at around BTC200,000, which is worth some $45 million. This means that worth of gold being traded every day is more than 15 times that of Bitcoin.

in that case, I might be wrong because I did not know Gold is traded so much, but I did hear about crude oil being the world's biggest market and the costliest one, with one of the most priciest deals taking place every day. That is the very reason why dollar excels as a currency because of its involvement in buying petroleum, making it a petrodollar. correct?

A pictures paints a thousand words.



The petrodollar is now on its last legs and about die.  

[Pab]

Any of them,if to invest i will invest in alternative energy,water or food,we will see more climate crisis
 technology related to may help to solve

[deisik]

A pictures paints a thousand words.

Gold vs Derivatives Market

The petrodollar is now on its last legs and about die. 

Agreed

[x13]

I personally split all my investments. The solution should be to invest into both, Bitcoin and Gold. Both are limited and both will have value in hard times.

[bryant.coleman]

More bitcoin is traded in a day than gold despite the widespread knowledge of Gold.

That is not factually correct. Some 20 tonnes of gold is being traded on an average day, and it is worth around $700 million. On the other hand, the daily Bitcoin transaction is measured at around BTC200,000, which is worth some $45 million. This means that worth of gold being traded every day is more than 15 times that of Bitcoin.

in that case, I might be wrong because I did not know Gold is traded so much, but I did hear about crude oil being the world's biggest market and the costliest one, with one of the most priciest deals taking place every day. That is the very reason why dollar excels as a currency because of its involvement in buying petroleum, making it a petrodollar. correct?

Yes. Crude oil is still the world's most traded (real) commodity in terms of value. Even after the slump in crude oil prices, some $4 billion worth of petroleum is being traded every day, compared to $700 million worth of gold. But Deisik is correct. The petroleum trading will be dwarfed by the Derivative trading on various exchanges.

And Petrodollar will remain strong as long as the OPEC uses it. If the OPEC dominance is destroyed, then that will signal the demise of the Petro-dollar as well.

[ironbit]

The graphic is not a good indicator because most of the Gold transactions are Futures. The Gold transaction value is 1000 times higher every day compared to the real existing gold.

More bitcoin is traded in a day than gold despite the widespread knowledge of Gold.

That is not factually correct. Some 20 tonnes of gold is being traded on an average day, and it is worth around $700 million. On the other hand, the daily Bitcoin transaction is measured at around BTC200,000, which is worth some $45 million. This means that worth of gold being traded every day is more than 15 times that of Bitcoin.

in that case, I might be wrong because I did not know Gold is traded so much, but I did hear about crude oil being the world's biggest market and the costliest one, with one of the most priciest deals taking place every day. That is the very reason why dollar excels as a currency because of its involvement in buying petroleum, making it a petrodollar. correct?

A pictures paints a thousand words.



The petrodollar is now on its last legs and about die.  

[markj113]

The graphic is not a good indicator because most of the Gold transactions are Futures. The Gold transaction value is 1000 times higher every day compared to the real existing gold.

That may be the case but we are talking about the amount of cash in the system not the amount of gold in the system.

I only hold physical gold, the bank can keep their 125:1 leveraged paper gold.

[Mirdude]

I'd say Gold because it tends to fluctuate less and increase in price and is secure.

BitCoin could shut down plus devalues too quickly.

[Yerm]

psshhh gold is for noobs. i would go with bitcoin.
even though gold is pretty much guaranteed to go up,it'll be a slow increase in investment. i expect bitcoin to skyrocket in the next years.

[markj113]

psshhh gold is for noobs. i would go with bitcoin.
even though gold is pretty much guaranteed to go up,it'll be a slow increase in investment. i expect bitcoin to skyrocket in the next years.

Bitcoin is a gamble not an investment. 

The moon or bust