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Author Topic: Bitcoin or Gold? What would you pick?  (Read 298942 times)
bryant.coleman
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February 13, 2016, 06:30:21 PM
 #1641

for now probably most people would choose gold. not because of the high price of gold, but gold is still safer than bitcoin, you can generate profits in gold, it would have been

The major purpose of gold is to store wealth. Unlike equities, mutual funds, real estate, and fiat cash, it offers a safe and secure medium for the storage of wealth, which is free from inflation, counterfeiting, and political upheaval. Profits are possible from long-term investment in gold, but that is not the main purpose of gold investments.
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February 13, 2016, 08:37:42 PM
 #1642

I would go with both the products, not sure which one would be more profitable in future, but any one of the product can give me good returns in future, gold will survive longer, bitcoin will help me in earning quick profits.
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February 14, 2016, 05:16:44 AM
 #1643

I would go with both the products, not sure which one would be more profitable in future, but any one of the product can give me good returns in future, gold will survive longer, bitcoin will help me in earning quick profits.

Everyone should change their mentality about Bitcoins that it's just for quick profits...
If we are just going to buy and then dump, we cannot expect it to be used as a global currency as we are ourselves destroying it...
BTC can obviously give good returns, but Gold ain't gonna do that, as the swings are very high in Bitcoins as compared to Gold...

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February 14, 2016, 06:56:33 AM
 #1644

I would go with bitcoin as I can invest even a small amount into it, and if the price is increased in future then that little investment can be more profitable then investing into a gold.

That is definitely one of the advantages with Bitcoin. You can purchase small quantities like BTC0.001 or BTC0.02, and store them securely in your online / offline wallets. With gold, this is not possible. For sure, you can purchase smaller quantities such as 1/32 oz or 1/16 oz, but the premium will be quite high for small amounts. Also, the storage will be an issue.
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February 14, 2016, 10:15:16 AM
 #1645

i would definitely pick bitcoin because it is the best investment option and because its price might grow in a short period of time
For now bitcoin is best investment as you can double money in few months..
But gold is something else, store value without any needs for maintenance or network support or other..
I think it's not as easy as you could double your money in a few months, for short-term investments in bitcoin it's like gambling, you could have taken profits and losses in the short term. if you're lucky maybe bitcoin prices are rising. if you're lucky
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February 14, 2016, 01:10:19 PM
 #1646

i would definitely pick bitcoin because it is the best investment option and because its price might grow in a short period of time
For now bitcoin is best investment as you can double money in few months..
But gold is something else, store value without any needs for maintenance or network support or other..
I think it's not as easy as you could double your money in a few months, for short-term investments in bitcoin it's like gambling, you could have taken profits and losses in the short term. if you're lucky maybe bitcoin prices are rising. if you're lucky

Exactly, its all about luck, if you are lucky enough you can make quick profits from bitcoins, and if price drops then you might loose your money, investing money in bitcoin is like gambling.

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February 14, 2016, 03:27:49 PM
 #1647

i would definitely pick bitcoin because it is the best investment option and because its price might grow in a short period of time
For now bitcoin is best investment as you can double money in few months..
But gold is something else, store value without any needs for maintenance or network support or other..
I think it's not as easy as you could double your money in a few months, for short-term investments in bitcoin it's like gambling, you could have taken profits and losses in the short term. if you're lucky maybe bitcoin prices are rising. if you're lucky

Exactly, its all about luck, if you are lucky enough you can make quick profits from bitcoins, and if price drops then you might loose your money, investing money in bitcoin is like gambling.

Yeah, but you can also earn good profits from bitcoin as we cannot predict the future of bitcoin at a moment, if bitcoin becomes more stronger it can give you good returns as compared to gold.

 
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February 14, 2016, 03:31:33 PM
 #1648

Why pick? Why not get a bit of both and see how things work out? It's never good to be so extreme.

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February 14, 2016, 05:09:44 PM
 #1649

I will choose bitcoin because bitcoin is not stable value there's a possible that the price will rise to 10k value and i hope it will happen in the future.
That's i am collecting more bitcoins for the future. .Gold is not a good idea to choose because gold price is stable.

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February 14, 2016, 06:25:44 PM
 #1650

Right now looking at the growth and new traders involving in bitcoin, i have strong hope for bitcoin. I will choose bitcoin rather than those traditional gold.

 
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bryant.coleman
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February 14, 2016, 06:50:18 PM
 #1651

Gold is not a good idea to choose because gold price is stable.

Who told you that the gold prices are stable? Have you checked the historical prices of gold? Check this:

http://www.nma.org/pdf/gold/his_gold_prices.pdf

The price of gold has increased from $19 per oz to $1,240 per oz in the 1900-2016 time period.

Even if you take the recent history, gold has given very good returns. The prices have increased from $271 per oz in 2001, to $1,240 per oz in 2016.
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February 14, 2016, 07:00:04 PM
 #1652

On last days gold increased its price, i expect that now remains at this level for some time. And now i'm waiting to see if bitcoin moves at the same direction, stock markets are going down, oil price down, economy down, ... bad economic news are good for gold prices and i expect the same for bitcoin price.
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February 14, 2016, 07:04:48 PM
 #1653

Why pick? Why not get a bit of both and see how things work out? It's never good to be so extreme.

That's my thought as well because we can invest like 60% / $40% ratio I would prefer sixty percent for Bitcoin as it can give quick benefit and forty percent on gold which is stable

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February 14, 2016, 07:40:57 PM
 #1654

Right now looking at the growth and new traders involving in bitcoin, i have strong hope for bitcoin. I will choose bitcoin rather than those traditional gold.

Right decision dude Don't skip from that. Gold is being used in this world more than 1000 years bit price increased gradually but bitcoin was used buy a pizza with 10000 btc But now Its completely changed price is like a mountain. Soon it will cross more than 1000$ in an year.Smiley
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February 14, 2016, 08:04:20 PM
 #1655

I will choose bitcoin because bitcoin is not stable value there's a possible that the price will rise to 10k value and i hope it will happen in the future.
That's i am collecting more bitcoins for the future. .Gold is not a good idea to choose because gold price is stable.

Yes it can give us huge profits in quick time, so if I have to invest at a moment I would choose bitcoin over gold looking at the price volatility of bitcoins so I can make a good profit in short term.

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February 14, 2016, 08:13:01 PM
 #1656

I will choose bitcoin because bitcoin is not stable value there's a possible that the price will rise to 10k value and i hope it will happen in the future.
That's i am collecting more bitcoins for the future. .Gold is not a good idea to choose because gold price is stable.

Yes it can give us huge profits in quick time, so if I have to invest at a moment I would choose bitcoin over gold looking at the price volatility of bitcoins so I can make a good profit in short term.

It can be nice profits and at the same time could be substantial losses. At the moment it would be risky but i too would go with btc and then put it in storage where I couldn't panic sell if we took a small dip.

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February 14, 2016, 10:51:56 PM
 #1657

I will choose bitcoin because bitcoin is not stable value there's a possible that the price will rise to 10k value and i hope it will happen in the future.
That's i am collecting more bitcoins for the future. .Gold is not a good idea to choose because gold price is stable.

Yes it can give us huge profits in quick time, so if I have to invest at a moment I would choose bitcoin over gold looking at the price volatility of bitcoins so I can make a good profit in short term.

It can be nice profits and at the same time could be substantial losses. At the moment it would be risky but i too would go with btc and then put it in storage where I couldn't panic sell if we took a small dip.


Yeah totally depends on the market conditions as the value of bitcoin cannot be controlled by anyone, so investing in bitcoin is something like gambling with your money.
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February 15, 2016, 02:44:31 AM
 #1658

Yeah totally depends on the market conditions as the value of bitcoin cannot be controlled by anyone, so investing in bitcoin is something like gambling with your money.

The exchange rates of Bitcoin are controlled by the demand-supply equilibrium. And right now it seems like both the demand, as well as the supply is weak. Those who are having the coins are no longer trading with them. Meanwhile, the demand is not there, as many of the online retail sites which were accepting BTC previously have stopped doing so. 
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February 15, 2016, 02:53:20 AM
 #1659

Gold is not a good idea to choose because gold price is stable.

Who told you that the gold prices are stable? Have you checked the historical prices of gold? Check this:

http://www.nma.org/pdf/gold/his_gold_prices.pdf

The price of gold has increased from $19 per oz to $1,240 per oz in the 1900-2016 time period.

Even if you take the recent history, gold has given very good returns. The prices have increased from $271 per oz in 2001, to $1,240 per oz in 2016.

Gold is an immutable constant; it is to economics what the speed of light is to physics.

If the price appears to change, that is due to a shift in your frame of reference.


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February 15, 2016, 08:28:07 AM
 #1660

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=m6GiC8dqN9A

We 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???




of course,i will pick bitcoin,with same value,bitcoin have more easy to carry than gold Wink i think almost all people will choose to bring smartphone or laptop with $300 bitcoin on wallet,than bring 0.5 KG gold with bag.
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