Bitcoin or Gold? What would you pick?

[deisik]

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)

Every industrial nation's economy is driven by oil. I think low oil prices will hurt the KSA much stronger than Russia in the long term (if that was you point). Roughly half of all oil produced in Russia is consumed domestically...

They buy dollars to buy even more gold, wtf

Russian Central Bank has been buying dollars to buy more gold, but with oil prices collapsing (and Russian ruble crashing as a consequence), I doubt that it will continue to do so in the near future...

Lol, I turned out to be pretty much wrong on this assumption

[Insertion]

Gold is a best asset which cannot be printed at will. As such it protects against inflation and currency devaluations. In turbulent times gold is resilient. The amount of available gold is constrained and cannot be expanded. Demand for gold is always continue to grow and it has much stable investment compared to bitcoin so I choose gold

[bajing]

Gold is a best asset which cannot be printed at will. As such it protects against inflation and currency devaluations. In turbulent times gold is resilient. The amount of available gold is constrained and cannot be expanded. Demand for gold is always continue to grow and it has much stable investment compared to bitcoin so I choose gold

not sure demand will help because gold price is drop much this year, may be still continue drop.

[s1ng]

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

For now holding bitcoin quite risky rather than you hold a gold ( gold price always increase year by year )

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

Great for transaction, bad for investment

[futurebit640]

Gold is a best asset which cannot be printed at will. As such it protects against inflation and currency devaluations. In turbulent times gold is resilient. The amount of available gold is constrained and cannot be expanded. Demand for gold is always continue to grow and it has much stable investment compared to bitcoin so I choose gold

not sure demand will help because gold price is drop much this year, may be still continue drop.

I these price drops for gold is good opportunity for buying gold because over the long run one can surely make a decent profits from in gold investments. If look last 30 to 40 years history gold investments has given more profits than share market investments so do not worry about these price drops in gold.

[vero]

i will choose gold because investment in gold is one of the most secured investments these days because its price is going up and up

[n2004al]

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

It is speaking about investments I think and not about spending. So you must chose in this kind of view. Then gold is inexpressible  normally except with fiat money.

[btvGainer]

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

For now holding bitcoin quite risky rather than you hold a gold ( gold price always increase year by year )

Bitcoin is cheaper than gold at prevailing rate.You dont need to hold it for long to make profit.Bitcoin price at my place was 14000 INR a fortnight ago today it is 15,500 Inr I can make 1500 inr profit if I sell today

[deisik]

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

For now holding bitcoin quite risky rather than you hold a gold ( gold price always increase year by year )

Are you sure?

[lexuz]

For now holding bitcoin quite risky rather than you hold a gold ( gold price always increase year by year )

This year gold price is drop 20% and look not want to move up. I think bitcoin is better because bitcoin price is fluctuating so you take a benefit from this situation

[markj113]

For now holding bitcoin quite risky rather than you hold a gold ( gold price always increase year by year )

This year gold price is drop 20% and look not want to move up. I think bitcoin is better because bitcoin price is fluctuating so you take a benefit from this situation

Bitcoin lost 52% over the same time frame.

Gold is also moving up due to strong demand and the FED putting interest rates on hold.

Indian gold season is almost upon us which drives demand even further + talk of negative interest rates could see the price of gold take off.

[futurebit640]

For now holding bitcoin quite risky rather than you hold a gold ( gold price always increase year by year )

This year gold price is drop 20% and look not want to move up. I think bitcoin is better because bitcoin price is fluctuating so you take a benefit from this situation

Yes this year gold price is down so it is a good time to pick up gold for investment reason is simple when every one sell then you should go and pick it up. Gold has always gave a good profits to investors but it takes some time so one shouldn't miss the opportunity of gold investments.

Bitcoin price is also not going any where but current trend is down wards so trade carefully.

[bryant.coleman]

This year gold price is drop 20% and look not want to move up. I think bitcoin is better because bitcoin price is fluctuating so you take a benefit from this situation

You are not getting it. There was no drop on the price of gold. On the other hand, there was an appreciation on the value of the US Dollar. For example, Gold lost 20% of its value against the USD, the Euro lost around 30% and the Ruble lost some 90%. If we take the gold price in Euros, then there was an increase of 10% for this year.

[deisik]

This year gold price is drop 20% and look not want to move up. I think bitcoin is better because bitcoin price is fluctuating so you take a benefit from this situation

You are not getting it. There was no drop on the price of gold. On the other hand, there was an appreciation on the value of the US Dollar. For example, Gold lost 20% of its value against the USD, the Euro lost around 30% and the Ruble lost some 90%. If we take the gold price in Euros, then there was an increase of 10% for this year.

This is what I call mental masturbation. How come? Because you can't change the base for comparison as you see fit. That is, if you decided to judge gold against the US dollar, you should use the same base (USD) for all other similar comparisons (Euro vs USD, Ruble vs USD, etc)...

In this way, we could say that gold depreciated (lost value) against the US dollar and, at the same time, appreciated (accrued value) against the Euro, but this is meaningless since gold value per se may essentially haven't changed at all

[fkvidar]

When you compare Bitcoin to Gold, you quickly get responses like but I can hold gold in my hand, it is tangible. I like to compare the Bitcoin network to a financial institution regulated by mathematics.

[STT]

Bryant is correct, gold is inert and does not change.   We could say well they mined more but as there are also more people born the amount of gold per person is alot more steady then dollars per person.  Theres trillions more dollars but not that much more gold so inevitably price in dollars goes up, I would not call this bullish or a biased outlook.  The value of the gold doesnt have to change for the dollars to go up as its clear dollars become increasingly worth less
Also there is the point that dollars were of course measured in gold, originally dollar meant pieces of silver but more recently it was in exchange for set amounts of gold.  

but this is meaningless since gold value per se may essentially haven't changed at all

The gold not changing is the useful part.  Current world currency is dollars, as dollars change alot it causes problems in macro economics and trade between countries.   Anything which obscures trade in theory should eventually be discarded, like any deal if you can cut the middleman or however you want to view it.  Im close to the dollar, in my language and trade which means I benefit from its self bias but I still perceive its a system which fails.

In context of the thread, bitcoin has challenges to its stability (not literally the network but the wider trade) and this is required for confidence and value. Some say it'll come good

[deisik]

but this is meaningless since gold value per se may essentially haven't changed at all

The gold not changing is the useful part.  Current world currency is dollars, as dollars change alot it causes problems in macro economics and trade between countries.   Anything which obscures trade in theory should eventually be discarded, like any deal if you can cut the middleman or however you want to view it.  Im close to the dollar, in my language and trade which means I benefit from its self bias but I still perceive its a system which fails.

My point was to show that it is not so bright an idea (as it may seem) to use gold (or any other commodity, for that matter) as the base for comparisons

[newbitcoins]

My bitgold first withdrawal to my bank account was successful and it took some time but they finally deposited my money into bank account

[qiwoman2]

I would choose Bitcoin first because it feels very flexible to me and I can do more with it but that doesn't mean we shouldn't keep some gold as well so my pick is bitcoin as a first asset then certainly I would stock up on some gold at some point.

[iv4n]

In this moment now my choice would be btc, and its easy choice cause many people predict btc price will raise in years to come. So u would take bitcoins and keep them until then, and after i would think what is best option.