Bitcoin or Gold? What would you pick?

We don't need make a choice between gold and Bitcoin. These two things can coexist. Gold has its own purposes and shortcomings, as does Bitcoin. They exist for completely different purposes in completely different categories. And to claim that one is "better" than another is simply comparing apples to oranges.

There is one difference. Bitcoin relies on the internet and the blockchain. In some szenarios, eg. an extreme solar storm, the internet may not be available for some time. Disadvantage of gold is its physical appearance which makes it vulnerable to regulations.

Gold is produced by a dead star. Hard to compete with that. The Au/Ag market is being manipulated. They can't hold out forever. Dude gave me gold plus cash for a Jupiter miner last week, I thought he was crazy. But then again he probably thought I was crazy. So much bias here. Go to a gold forum and make the same argument, it'll be the exact opposite. Clear the emotion from your argument. Gold/silver can't be easily stolen, it's stood the test of time, thousands of years. Governments want it. You should want what governments want. No gov wants btc. They want guns/ammo too. Those are real. Btc can only prevail if mass adoption takes place. As soon as btc price spikes again, and it prob will, it'll crash again too, maybe harder next time. People are going to dump them like a big shit. It's a bubble.

Well bitcoin every time most of the reasons has been already expalin why.
But if i can have both i'll never say 60% btc & 40% in Gold.

Quote from: Valerian77 on April 28, 2014, 12:57:18 AM

How does gold's physical appearance make it vulnerable to regulations?

Quote from: keithers on April 28, 2014, 08:00:55 AM

Quote from: Valerian77 on April 28, 2014, 12:57:18 AM

How does gold's physical appearance make it vulnerable to regulations?

lol. Maybe he think it;s easier to tax if its a physical thing?

Quote from: keithers on April 26, 2014, 08:52:29 PM

Up until this point I have picked BTC. Investing in BTC has made me want to start investing more in gold though.

LOL me too

Ive got the saving bug!

I enjoyed watching that video, interesting to see the general public view on it. I would like to see the same done around other countries too.

Its worth considering though that selling gold isnt that easy, at least to get a fair price. http://www.telegraph.co.uk/finance/personalfinance/investing/gold/9932766/Buy-gold-they-say-but-how-do-you-sell-it.html

interesting read!

Bitcoin. On the street in isn't trivial to verify that gold from some guy is genuine. With Bitcoin it's just a matter of minutes.

Quote from: noviapriani on April 28, 2014, 04:06:26 PM

Bitcoin. On the street in isn't trivial to verify that gold from some guy is genuine. With Bitcoin it's just a matter of minutes.

Hmm... one of the advantages with Bitcoin. It can't be counterfeited. But when you are buying gold bars from someone, you are not going to blindly trust the seller. The buyer will do all sorts of checks to make sure that the bar is genuine.

So far I've bought Bitcoins for all money I don't think I will need for a while, and a few Litecoins just in case... But for the remote but real possibility that both Bitcoin and Altcoins fail I'm considering to also buy gold and/or silver. How are you guys hedging? Gold? Silver? Fiat on banks? Stocks? Real estate? Or you believe so much in Bitcoin you don't invest in anything else?

Would be very curious to see this as a poll, just to see if Bitcoin would be picked at a 100% rate.

I can't send gold by internet. So Bitcoin. (and don't get me started on the shares in gold which are nothing more than a fiat currency under disguise)

btc: perfect money to trade, high volatility, high risk, depends on internet structure working. Not safe for end of world scenario, or for emergency reserve.

gold: stead value even in crysis, can have value if the internet structure is compromissed, good for emergency reserves, but less long term possible valuation. China also doesn't manipulate the market baning gold every week

Bitcoin. Only because it's price will go up. But if there was no price changing then Gold.

It seems like Bitcoin vs Gold has even results from the video.
But, I would choose Bitcoin over Gold!

I have already chosen Bitcoin over Gold. Never owned any gold and now own lots of bitcoin.

I've often heard the argument that "if the power/internet goes down, it's much better to have gold." But without power how do verify the gold someone is offering is real? Do you bite into it like in the old westerns? I've seen some fake silver and gold coins and they looked real enough to me. One copy Panda from HK had the inscription "Graet Wall" on it. I guess that was a bit of a giveaway.

Half and half, then see where each one goes in a couple of years!