Bitcoin or Gold? What would you pick?

[n2004al]

I have heard many peoples commited sucide or heavy life damage when bitcoin price crashed from 1000$ but that's what we all know about mtgox and what have they did..and this clearly says bitcoin is still at development stage so price is much volatile at curten situations so its better I go for the gold if I don't want to risk my money

I think that the damage of health from some people cannot and don't need to affect our decisions about having bitcoin of gold. there are always strange or diverse people which act in most various ways facing various situations. That must make us decide use if we will prefer bitcoin or gold are the qualities and weaknesses of both those richness.

[coinplus]

Definitely I would prefer bitcoin over gold. Because the gold rush is just got over may be the next gold rush would be in next decade only. But definitely bitcoin has more chances to double it's price at least in 4 years.

[randy8777]

Definitely I would prefer bitcoin over gold. Because the gold rush is just got over may be the next gold rush would be in next decade only. But definitely bitcoin has more chances to double it's price at least in 4 years.

i'm sure that bitcoin will at least double in value from current $229 level within the comming 2 years. can't see gold doing the same.

[neonshium]

Doubling in quick time is not only concern. Holding gold in physical is big problem for me. I can own bitcoin even in my pen drive. Thats the reason I prefer bitcoin over gold.

[futurebit640]

Doubling in quick time is not only concern. Holding gold in physical is big problem for me. I can own bitcoin even in my pen drive. Thats the reason I prefer bitcoin over gold.

So you decide your investment based on where you can store the investments? you don't worry about the investments whether will give profit or not? Gold has a very long history that it will give a good profit. If you check even last around 30 to 40 years gold has given better returns then stock market returns. 

[mindrust]

I would definitely pick bitcoin.

Gold has no practical use other than jewelry and conducting metal in electronic devices.

Still U$ is better than both. You can always burn paper money to get heat, or you can write notes on it, or toilet paper?? Very practical.

[deisik]

Doubling in quick time is not only concern. Holding gold in physical is big problem for me. I can own bitcoin even in my pen drive. Thats the reason I prefer bitcoin over gold.

So you decide your investment based on where you can store the investments? you don't worry about the investments whether will give profit or not? Gold has a very long history that it will give a good profit. If you check even last around 30 to 40 years gold has given better returns then stock market returns. 

At first I also found it rather strange, but on a second thought I saw some parallels to my own situation that made me agree with neonshium (to a degree). Recently, I much more care about the safety of my investments, not their profitability, wtf...

[MinerHQ]

Doubling in quick time is not only concern. Holding gold in physical is big problem for me. I can own bitcoin even in my pen drive. Thats the reason I prefer bitcoin over gold.

So you decide your investment based on where you can store the investments? you don't worry about the investments whether will give profit or not? Gold has a very long history that it will give a good profit. If you check even last around 30 to 40 years gold has given better returns then stock market returns. 

At first I also found it rather strange, but on a second thought I saw some parallels to my own situation that made me agree with neonshium (to a degree). Recently, I much more care about the safety of my investments, not their profitability, wtf...

I think you can find many ways to secure your gold, it is not a difficult job anyway. I do think gold is the best option for long term investments.

[deisik]

Doubling in quick time is not only concern. Holding gold in physical is big problem for me. I can own bitcoin even in my pen drive. Thats the reason I prefer bitcoin over gold.

So you decide your investment based on where you can store the investments? you don't worry about the investments whether will give profit or not? Gold has a very long history that it will give a good profit. If you check even last around 30 to 40 years gold has given better returns then stock market returns. 

At first I also found it rather strange, but on a second thought I saw some parallels to my own situation that made me agree with neonshium (to a degree). Recently, I much more care about the safety of my investments, not their profitability, wtf...

I think you can find many ways to secure your gold, it is not a difficult job anyway. I do think gold is the best option for long term investments.

With Bitcoin you can encrypt your wallet and forget about it, it is not so with gold. However hard you may try to secure your gold stash, you will still question its security (since you know that it is not as secure). This is irrelevant per se in respect to which is better as an investment...

I also consider gold as a superior investment

[interbtc]

Bitcoin is by far the better choice because it is much easier to transfer bitcoin around the world

[actmyname]

Still U$ is better than both. You can always burn paper money to get heat, or you can write notes on it, or toilet paper?? Very practical.

Loving this quote. Eventually the US Dollar will collapse, like other FIAT currencies.

Worthless paper money that can't be completely converted.

[STT]

Dollar doesnt have to collapse, they have to provide proper accountability in the notes for value.  So they must not serve political interests or vested interests.   Ultimately this means the US gov would have to default on its debt or cut its spending by trillions while still taxing the same and its unlikely to occur so dollar will diminish greatly in value.
Since one countrys account are being white washed through dollar value and its diluted to benefit just USA, it does seem unlikely other countries will hold and use Dollar but who knows.  If dollars arent world currency like now, this also massively undermines its future use

That was a rhetorical question. But there is no US army stationed in either Russia or China

:to make a statement rather than to elicit information.

You arent making a statement, its a very open question with varied views on why Russia or China holds dollars.   Nobody is being forced to hold dollar, they all want to in order to benefit from global trade and liquidity.  Alot of the system isnt capitalist, its done to favour the hierarchy of that country such as the house of Saud.   China exports alot to USA, they do not favour their own peoples purchasing power they do favour their political elite and maintaining the status quo and unequal power; dollar helps keep power centralised rather then distributed as a capitalism system of montary exchange passes power to the holders of capital such as normal citizens, workers and producers of wealth like the business owners.  This system opposes political elite who its no great stretch to realise do not do alot of work for a country rather vice versa

[tyrexs]

Bitcoin is by far the better choice because it is much easier to transfer bitcoin around the world

i think you're wrong because this is thread discuss about investment but yes bitcoin is easier to use

[n2004al]

Bitcoin is by far the better choice because it is much easier to transfer bitcoin around the world

I think that it is this not the characteristic that must made us to choice one or another subject but the value (actual and the future value).

[deisik]

That was a rhetorical question. But there is no US army stationed in either Russia or China

:to make a statement rather than to elicit information.

You arent making a statement, its a very open question with varied views on why Russia or China holds dollars.

That was a question to a post stating that 10% swings in the price of gold are not a big deal. Thereby I wanted to show that even much less interest can still attract some interest (pardon the pun). Since my aim was not to actually find out why all those nations are buying the US debt (but you're welcome), that was a rhetorical question in fact, by any means...

Hope this clarifies the confusion

[deisik]

Nobody is being forced to hold dollar, they all want to in order to benefit from global trade and liquidity.  Alot of the system isnt capitalist, its done to favour the hierarchy of that country such as the house of Saud.   China exports alot to USA, they do not favour their own peoples purchasing power they do favour their political elite and maintaining the status quo and unequal power; dollar helps keep power centralised rather then distributed as a capitalism system of montary exchange passes power to the holders of capital such as normal citizens, workers and producers of wealth like the business owners.  This system opposes political elite who its no great stretch to realise do not do alot of work for a country rather vice versa

Arab sheikhs are rumored to be buying the US treasuries in exchange for support (or rather neglect) toward Saudies (and their Persian Gulf allies) financing military groups (e.g. Al-Qaeda) in the Near East. As I think, Russians (as well as China, to a degree) are buying the US debt to offset their own liabilities...

[fullypak]

Bitcoin is by far the better choice because it is much easier to transfer bitcoin around the world

I think that it is this not the characteristic that must made us to choice one or another subject but the value (actual and the future value).

Yes correct. Investing money on some thing because we can transfer easily is very poor idea. But you should look at how much profit you will get over the time from your investment should be an good idea.

[deisik]

In the last August the Central Bank of Russia bought about 1M troy ounces of gold (~31 tonnes) and almost 112 tonnes since the beginning of 2015. Interestingly, the chairman of the biggest Russian bank (Sberbank) German Greff (who is openly pro-Bitcoin) has been recently complaining about having fallen a "victim of Bitcoin devaluation"...

He should have bought some gold

[STT]

The answer to this question will only really come when we see a national currency with a fixed exchange to gold then you will have a proper comparison to bitcoin.   Gold of course has high margins, far and away from bitcoin and its efficiency but gold monetised into cash notes is very cheap to exchange

I dont trust the Russians to do anything sensible and realise they need to do this.  Yes they bought gold but they also feel compelled to drop their rates and buy dollars, their economy is driven by oil and its partly why Saudi is acting how it is.  (they fell out and putins side said he was threatened with terrorism, no small words between two big countries)

However Switzerland are relatively central enough but impartial from select trade to add gold back to their currency. I know they voted not to but I believe if any will it might be them, they were the last to depart gold standard.   Many were shocked they broke their link with EURO but with ECB QE what else could they do, any time I look at the future or investment its about what will be inevitable natural change not the words or promises of politics which rarely relate to reality directly

[btvGainer]

I would choose bitcoin because I can spend it in very small quantity too