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Author Topic: Bitcoin or gold?  (Read 984566 times)
bryant.coleman
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March 23, 2017, 11:34:58 AM
 #7201

Bitcoin for me still the best of course., when it comes to features it was really a reward for me while I'm using it. while Gold is a piece of metal that can't be use as payment in online. That's there differences Smiley

Paper gold (such as bullion-backed ETFs and eGold) can be used for online payments. And how many times have you made an online payment in Bitcoins, without using a payment processor? It is not as easy as it sounds. The confirmation time is a big concern, especially nowadays with the number of queued transactions topping 50,000 frequently. Also, gold may be a piece of metal. But for some, a physical asset is more reliable than a digital asset.
marcuslong
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March 23, 2017, 12:00:42 PM
 #7202

We can say whatever we want comparing bitcoin to gold, gold is still the safest asset to invest your money. Bitcoin is still too much volatile to be considered as safe. With gold you may not make a profit but it won't make you loose money, while with bitcoin you may lose 10% in 1 day wich is a lot when yu are investing, specialy a big amount
Gold can be safest asset to invest money yes but depends on country if they're good supply of gold. Here in my country we lack of gold that's why my country men are choosing bitcoin we can do invest too and we can stock them bitcoin are price are not stable this why we depend to buy when the price is low and sell them when the price is rising. I don't lose bitcoin when you know when and to where invest them.
Xester
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March 23, 2017, 12:06:32 PM
 #7203

We can say whatever we want comparing bitcoin to gold, gold is still the safest asset to invest your money. Bitcoin is still too much volatile to be considered as safe. With gold you may not make a profit but it won't make you loose money, while with bitcoin you may lose 10% in 1 day wich is a lot when yu are investing, specialy a big amount

At this point of time I will not argue even if I disagree with your opinion but rather support your idea given the problems on the upcoming Hardfork. The hardfork issue is really causing some stir and panic among the bitcoin community and that will explain the decrease in bitcoins value and the increase in DASH and Ethereums value. That showed that many of the bitcoin users are transferring to altcoins due to this fear and at this point of time it is better to stick to gold than to invest all your resources in bitcoins due to this problems.
Erza
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March 25, 2017, 04:50:10 AM
 #7204

We can say whatever we want comparing bitcoin to gold, gold is still the safest asset to invest your money. Bitcoin is still too much volatile to be considered as safe. With gold you may not make a profit but it won't make you loose money, while with bitcoin you may lose 10% in 1 day wich is a lot when yu are investing, specialy a big amount

But because of this voalatility people can get good profit and of course if there is profit, there will be some negative too mean while on gold we can not do much since the price is much more stable than bitcoin. But it still depends on each person, how they manage to do this. If they want to earn may be they should take bitcoin. If want to long term, then choose gold better7
Oggy1987
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March 25, 2017, 06:21:54 PM
 #7205

We can say whatever we want comparing bitcoin to gold, gold is still the safest asset to invest your money. Bitcoin is still too much volatile to be considered as safe. With gold you may not make a profit but it won't make you loose money, while with bitcoin you may lose 10% in 1 day wich is a lot when yu are investing, specialy a big amount

But because of this voalatility people can get good profit and of course if there is profit, there will be some negative too mean while on gold we can not do much since the price is much more stable than bitcoin. But it still depends on each person, how they manage to do this. If they want to earn may be they should take bitcoin. If want to long term, then choose gold better7

I wouldnt say long term. I would say safest invest is gold. Bitcoin can make you much more profit then gold, even in long term, but you take more risk investing in it. Its all about risk, how much you're willing to take it.
Japan_peopleffs
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March 25, 2017, 07:57:27 PM
 #7206

Bitcoin for me still the best of course., when it comes to features it was really a reward for me while I'm using it. while Gold is a piece of metal that can't be use as payment in online. That's there differences Smiley

In terms of payment via the Internet, bitcoin is certainly better, but gold is gold. During the existence of gold, several currencies simply depreciated and disappeared from circulation. Therefore, at least a small part of the savings should still be stored in gold.
The_prodigy
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March 25, 2017, 08:47:32 PM
 #7207

Ever since gold will be a good investment when gold are in demand in your country but when it is not in demand it is very hard to buy and sell gold since my country are not that rich on gold. That's why we are using bitcoin here and bank are already considered bitcoin as our secondary currency on internet. In terms of payment we can use it to pay bills and other pheriperals.
richardsNY
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March 25, 2017, 08:59:28 PM
 #7208

Bitcoin for me still the best of course., when it comes to features it was really a reward for me while I'm using it. while Gold is a piece of metal that can't be use as payment in online. That's there differences Smiley

In terms of payment via the Internet, bitcoin is certainly better, but gold is gold. During the existence of gold, several currencies simply depreciated and disappeared from circulation. Therefore, at least a small part of the savings should still be stored in gold.

Gold isn't meant to be used as online currency since you can't transfer value from one point to another via internet as is the case with Bitcoin. That's why such a comparison isn't fair from my point of view. If you purely look at gold as being an investment where only returns within a certain time frame count, then people don't see much value in gold as they constantly chase crypto-like returns. People here are too spoiled.
axorb
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March 25, 2017, 11:43:16 PM
 #7209

Ever since gold will be a good investment when gold are in demand in your country but when it is not in demand it is very hard to buy and sell gold since my country are not that rich on gold. That's why we are using bitcoin here and bank are already considered bitcoin as our secondary currency on internet. In terms of payment we can use it to pay bills and other pheriperals.

People who are not yet aware about bitcoins will prefer to invest in gold as that is the only choice they see for making an long term investment but if they come across through bitcoins and the benefits attached with it then I am sure they will start investing part of their wealth in bitcoins but its never easy to convince people to use bitcoins especially when its totally new to them.
delliaerd
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March 26, 2017, 12:17:31 AM
 #7210

Ever since gold will be a good investment when gold are in demand in your country but when it is not in demand it is very hard to buy and sell gold since my country are not that rich on gold. That's why we are using bitcoin here and bank are already considered bitcoin as our secondary currency on internet. In terms of payment we can use it to pay bills and other pheriperals.

People who are not yet aware about bitcoins will prefer to invest in gold as that is the only choice they see for making an long term investment but if they come across through bitcoins and the benefits attached with it then I am sure they will start investing part of their wealth in bitcoins but its never easy to convince people to use bitcoins especially when its totally new to them.

I couldn't agree more with you, For those who do not know they would worry if invest their money in Bitcoin. because they doubt Do Bitcoin can give them a profit or even losing their money precisely?
And if they know that bitcoin is very profitable as investment they will not want to be separated from the bitcoin.

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barabarian1
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March 26, 2017, 02:46:24 AM
 #7211

for me bitcoin is very good..
bitcoin very simple can be taken anywhere without complicated ..
while gold is very complicated to carry everywhere  Smiley

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bilanbaba
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March 26, 2017, 03:12:43 AM
 #7212

for me bitcoin is very good..
bitcoin very simple can be taken anywhere without complicated ..
while gold is very complicated to carry everywhere  Smiley
yes,bitcoin, absolutely.Bitcoin has the advantages of gold without its weaknesses (hard to transport or divisibility issues etc...)and if you want the chance to get rich in the next 10 years.


CODE200
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March 26, 2017, 03:13:33 AM
 #7213

I pick bitcoin even gold has more higher price than bitcoin and bitcoin has no stable price. But bitcoin is much easier to get than to gold. And I've been using bitcoin to buy things that i ever wanted. That's why i pick bitcoin.
Gaaara
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March 26, 2017, 04:20:36 AM
 #7214

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I'll probably go for gold, the price of gold is high because of its scarcity, the harder to get the higher the price, bitcoin have no stability but is good for other things than gold, like its easier to transport and don't even takes much time, but we are talking about investment so gold is a wiser choice after 10 years it will become harder to find and that is the reason why it is valuable.



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NEWGOODOUBLE
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March 26, 2017, 07:12:46 AM
 #7215

for me bitcoin is very good..
bitcoin very simple can be taken anywhere without complicated ..
while gold is very complicated to carry everywhere  Smiley
for gold in physical form and if you have lots of gold surely you will find it hard to keep it. different from the bitcoin as a digital form but gold would be safe for investment because it does not fluctuate
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March 26, 2017, 10:22:13 AM
 #7216

It is also risky to store your big amount of bitcoin in one place, it is hard as storing a lot of gold. Hackers and scammers may find way to steal it. Gold is the best for long term investment as we can see on the price chart, its value is increasing as year goes by.
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March 26, 2017, 10:54:50 AM
 #7217

Bitcoin for me still the best of course., when it comes to features it was really a reward for me while I'm using it. while Gold is a piece of metal that can't be use as payment in online. That's there differences Smiley

In terms of payment via the Internet, bitcoin is certainly better, but gold is gold. During the existence of gold, several currencies simply depreciated and disappeared from circulation. Therefore, at least a small part of the savings should still be stored in gold.

Gold isn't meant to be used as online currency since you can't transfer value from one point to another via internet as is the case with Bitcoin. That's why such a comparison isn't fair from my point of view. If you purely look at gold as being an investment where only returns within a certain time frame count, then people don't see much value in gold as they constantly chase crypto-like returns. People here are too spoiled

In essence, Bitcoin is not transferred anywhere either

Some entries move along the blockchain only and essentially the same can be done with gold. In other words, you don't need to physically transfer gold anywhere. Basically, if you were to establish a monetary system based on physical gold, you would set up a chain of payment nodes (call them gold banks) which would keep physical gold and settle accounts between other payment nodes (users) along the same path how Lightning Network does with Bitcoin transfers via payment channels

SamsungBitcoin
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March 26, 2017, 01:10:09 PM
 #7218

It is also risky to store your big amount of bitcoin in one place, it is hard as storing a lot of gold. Hackers and scammers may find way to steal it. Gold is the best for long term investment as we can see on the price chart, its value is increasing as year goes by.
For me not only gold is best long trrm investment also bitcoin because we are waiting for the increase of the price and it take more time to make profit. But i think even we have 1 bitcoin wallet our bitcoin is safe until we do not disclosed to other our private key.

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LeGaulois
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March 26, 2017, 01:18:46 PM
 #7219

for me bitcoin is very good..
bitcoin very simple can be taken anywhere without complicated ..
while gold is very complicated to carry everywhere  Smiley
for gold in physical form and if you have lots of gold surely you will find it hard to keep it. different from the bitcoin as a digital form but gold would be safe for investment because it does not fluctuate

No sane person with "lot of gold" is crazy to keep the gold at home under the bed. If you didn't know people rent a vault in banks,BullionVault ect and they keep their gold there. They do have an insurance included in case the bank is attacked ect. So it's really not hard to keep your gold. Really rare the people keeping gold at home and if it is, it usually for small amount

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Sierra82fit
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March 26, 2017, 01:30:07 PM
 #7220

for me bitcoin is very good..
bitcoin very simple can be taken anywhere without complicated ..
while gold is very complicated to carry everywhere  Smiley
for gold in physical form and if you have lots of gold surely you will find it hard to keep it. different from the bitcoin as a digital form but gold would be safe for investment because it does not fluctuate

No sane person with "lot of gold" is crazy to keep the gold at home under the bed. If you didn't know people rent a vault in banks,BullionVault ect and they keep their gold there. They do have an insurance included in case the bank is attacked ect. So it's really not hard to keep your gold. Really rare the people keeping gold at home and if it is, it usually for small amount
Bravo, very easily explained. And I would have added that the difference between bitcoin and gold is that bitcoin is practically a wind in hands, and gold is material. And even if there is no Internet and electricity in the world or the country, then the owner of gold will feel happier and calmer.
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