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Miracal
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August 06, 2015, 08:56:18 PM |
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gold is good as an investment
Gold is worth more than the dollar itself, and this is another reasons why it is a better investment. Over the duration of time that you own your gold, it is going to steadily grow and retain its value.
Gold is a classic investment, a lot of people who have not experienced crypto (parents, grandparents) always compliment gold and wish to invest in gold but I would argue about the potential of gold comparatively to bitcoin. There was a reason why gold is no more used in the exchange of goods, its properties do not compliment the features of a true currency and that is the very reason why bitcoin exceeds gold in terms of a mode of currency. That's true, but still people have more faith in gold as compared to bitcoins, ofcourse parents would definitely choose gold as they don't want to put their money at risk by investing in bitcoins, as some of them even hesitate in using internet, so investing in bitcoin is something wierd for them. Taking out old people like our parents and grandparents from the demographics, there is still a large amount of people which could be involved into the btc community. What we need to do is try to overcome barriers such as lack of knowledge, lack of infrastructure, etc. People with vision will definitely see bitcoin by its potential and not its price. |
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OrientA
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August 07, 2015, 12:25:22 AM |
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Bitcoin has been traded for roughly 5 years. Each year it has significantly increased it's value.
Will it continue? I don't know. But in terms of potential, it has to have much more potential than gold does.
And bitcoin is easy to use, you can buy things with bitcoin, but not gold or other precious metals. |
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Patatas
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August 07, 2015, 05:28:51 AM |
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Bitcoin is more convenient compared to gold and bitcoin also changed my life so I'll go for bitcoin
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megatown
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August 07, 2015, 05:39:06 AM |
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I'll choose Bitcoin.
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HarHarHar9965
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August 07, 2015, 05:54:21 AM |
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Bitcoin has been traded for roughly 5 years. Each year it has significantly increased it's value.
Will it continue? I don't know. But in terms of potential, it has to have much more potential than gold does.
And bitcoin is easy to use, you can buy things with bitcoin, but not gold or other precious metals. Although there might be a very limited things which could be bought with bitcoin, it is fairly easy to exchange products and services with these 'precious' metals. The day the concept of bitcoin is widely understood and accepted, is the day bitcoin truly triumphs over gold, fiat, whatever because people would want bitcoin, to use bitcoin and not to exchange it in return for any other currency. |
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panju1
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August 07, 2015, 04:11:30 PM |
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Bitcoin has been traded for roughly 5 years. Each year it has significantly increased it's value.
Will it continue? I don't know. But in terms of potential, it has to have much more potential than gold does.
And bitcoin is easy to use, you can buy things with bitcoin, but not gold or other precious metals. Although there might be a very limited things which could be bought with bitcoin, it is fairly easy to exchange products and services with these 'precious' metals. The day the concept of bitcoin is widely understood and accepted, is the day bitcoin truly triumphs over gold, fiat, whatever because people would want bitcoin, to use bitcoin and not to exchange it in return for any other currency. We are all awaiting that day. It seems to take a long time to open people's eyes.  |
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faridkifly
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August 08, 2015, 01:37:24 AM |
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I think now bitcoin is worthed.
Because in my country rate of gold is very bad...
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lahm-44
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August 08, 2015, 02:01:14 AM |
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If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick? Asians and Westerners were asked in Taipei in Chinese and English if they would take Bitcoin or gold home with them that day, and the answer might surprise you... http://www.youtube.com/watch?v=m6GiC8dqN9AWe just shot a video outside the Taipei 101 skyscraper area here and gave people a chance to answer if they would walk away with either Bitcoin or gold- and why. If you were approached and were offered the same deal, would you walk away with Bitcoin or gold in your pocket, and why??? well now in this case i will choose bitcoin as because it is not stable and only for that reason i can had some extra profit in that day if I can manage it a little carefully..and its easy to use too..just loved it |
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HarHarHar9965
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August 08, 2015, 05:42:56 AM |
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I think now bitcoin is worthed.
Because in my country rate of gold is very bad...
Bitcoin is an amazing technology and it is evident the only attention it gets is when other modes of exchanges fail, which is very sad to see because it deserves more recognition and usage than what it does now as it is more advanced, helpful and better in al terms as compared to other exchanging modes like fiats and gold. You should learn about what bitcoin is, before you choose to value it based only on the failure of gold in your country. |
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deisik
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August 09, 2015, 02:57:55 PM |
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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.
Gold cannot be subject to pump and dump because of its huge market cap. That isn't the case with bitcoins. Taking into account the amount of US dollars printed during QEs, even gold market cap seems minuscule while the market itself being quite susceptible to huge pumps and dumps. I mean dozens of percentages, if not times... Remember gold going to ~1,900$ an ounce and then back to ~1,200$? |
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MBMGroup_Rep
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August 09, 2015, 04:27:52 PM |
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Speculation is gold will come up over the next 10 years. How high is anyones guess
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markj113
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August 09, 2015, 04:31:34 PM |
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Speculation is gold will come up over the next 10 years. How high is anyones guess
Everyone likes to speculate, ive seen prices for gold between $350 up to $14000 Toz Ultimately no one has a crystal ball for gold or bitcoin, you pay your fiat and take your chance. |
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deisik
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August 09, 2015, 05:33:50 PM
Last edit: August 10, 2015, 09:49:49 PM by deisik |
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With gold trading so low now its a idea to purchase some. I'd buy more btc too, but gold is cheap and is bound to rebound sooner then later.
Don't you guys agree?
I doubt that gold would fall to 800$ per ounce (it is not Bitcoin after all), but it obviously can go as low as 1,000$. As of recent, the best part of demand for gold was from 3 countries, that is Russia, India and China (in the increasing order). After the Chinese financial markets had collapsed in July, that demand significantly decreased. India suffered from drought this summer, thereby they don't buy gold as much as before. Russian Central Bank has been buying dollars to buy more gold, but with oil prices collapsing (and Russian ruble crashing as a consequence), I doubt that it will continue to do so in the near future... In this way, it may not be a good idea to enter PMs heavily at the moment |
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MoorChael
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August 09, 2015, 06:08:18 PM |
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With gold trading so low now its a idea to purchase some. I'd buy more btc too, but gold is cheap and is bound to rebound sooner then later.
Don't you guys agree?
I doubt that gold would fall to 800$ per ounce, but it obviously can go as low as 1,000$. As of recent the best part of demand for gold was from 3 countries, that is Russia, India and China (in the increasing order). After the Chinese financial markets had collapsed in July, that demand significantly decreased. India suffered from drought this summer, thereby they don't buy gold as much as before. 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... In this way, it may not be a good idea to enter PMs heavily at the moment They are screwing Russia big time... just recently more than 5 European countries ditched their gas contracts with Russia! |
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MinerHQ
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August 14, 2015, 09:09:23 AM |
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I will pick first gold between these two. Because gold is very trusted investment for long time in the world however nobody knows what happens to bitcoin after few years.
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BTC_ISTANBUL
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August 14, 2015, 09:25:42 AM |
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We are a bunch of people who are BTC mining or BTC trading.Is it objective to discuss such a subject posted at a forum focussed and specialized at Bitcoin?I prefer BTC over gold.That is why I am here.If I lived in Africa or in Middle East would I prefer BTC?If I lose my internet connection abilities due to lack of electricity, or there is a risk such that I would prefer some gold or USD.
However if there is a risk of losing my wealth or I would migrate to another country I would prefer gold.Gold is my choice at chaotic times, BTC for the good times.
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fullypak
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August 14, 2015, 09:31:12 AM |
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Bitcoin is more risky then gold
so that I'd say long term investation for gold, and short term for btc.
But if in two years bitcoin is widespread, it would probably be the opposite.
Yes and if you look at the current prices then the value of gold is going down, as the demand is less in the market, but still I would choose gold as it is more trustworthy as compared to the bitcoins, and the prices of gold will go higher in the coming period of time. Definitely gold will go high and high over time because it is a limited item. Currently demand has reduced basically from weak Chinese economy, they are the top second consumers of gold. So do not worry about these short falls instead think it as a buying opportunity. You will surely make profit from gold but in other hand I'm not sure whether bitcoin will reach back to 1000+ in any time. So I prefer gold compared to bitcoins. |
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kostya.ash
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August 14, 2015, 10:51:13 AM |
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I will pick first gold between these two. Because gold is very trusted investment for long time in the world however nobody knows what happens to bitcoin after few years.
bitcoin is not the right choice for long-term investments, besides bitcoin prices also fluctuate, it distinguishes with gold |
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Andy4.4
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August 15, 2015, 05:20:12 AM |
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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.
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MinerHQ
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August 15, 2015, 01:57:00 PM |
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I will pick first gold between these two. Because gold is very trusted investment for long time in the world however nobody knows what happens to bitcoin after few years.
bitcoin is not the right choice for long-term investments, besides bitcoin prices also fluctuate, it distinguishes with gold Your correct. No one should invest in bitcoins for long term because bitcoin future is not very clear. Gold is the best option for long term investments |
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