Bitcoin or gold?

[Osarman]

I really like the Bitcoin theme and the opportunity to earn with the help of crypto currency, and for today I'm still considering Bitcoin as a means of earning and therefore in my opinion I could only invest gold, because for today Bitcoin is only a commodity for me.

yeah bitcoin is really a good opportunity to earn profit and bitcoin is really a good currency to make profit because a lot of people investing their money in huge amount in bitcoin and bitcoin increasing its price too much faster everyday because a lot of people their money in bitcoin.

[NJB18]

I'm not a fan of Gold but since your asking ALL Wealth and you provide only two choices, then I choose Gold to be safe. But, I would rather have both to be in better position.

[KingdomHearts]

I really like the Bitcoin theme and the opportunity to earn with the help of crypto currency, and for today I'm still considering Bitcoin as a means of earning and therefore in my opinion I could only invest gold, because for today Bitcoin is only a commodity for me.

yeah bitcoin is really a good opportunity to earn profit and bitcoin is really a good currency to make profit because a lot of people investing their money in huge amount in bitcoin and bitcoin increasing its price too much faster everyday because a lot of people their money in bitcoin.

i agree with you that you that bitcoin is really a great opportunity to get profit in huge amount and there is a lot of people earning profit in huge amount from bitcoin and i buy bitcoin since one year ago and now i am in profit because bitcoin rise too much high.

[deisik]

Now everybody keeps Bicon in the hope that its price will rise and this will make money, but if the growth of prices will stop many people can sell their coins for fear that the price will fall and this can lead to the present collapse of prices. Gold, with strong demand and appreciated everywhere, even in tribes of Australian aborigines.

Still everyone have hope from bitcoin, without any fear. You could use the word for fear " Take Risk". Everyone is taking a risk to buy and hold the bitcoin. But same situation is also here in gold. So only choose one thing between both of them, than i choose bitcoin, because i can handle bitcoin not gold.   

I still don't think that "taking the risk" is a good idea when you are really using your own money into that kind of investment. What I mean about that is why will you take the risk if the losses outweighs the reward? Buying Bitcoin right now at its price level will give you no room or as what they call it a margin of safety in your investment in which if it falls down you automatically will be incurring a loss. A good investment always has a base on a lower price compared to what it has now that when it falls your investment won't be affected that much

I don't think there is any "margin of safety" in Bitcoin at any price level (as is the case with any other purely financial asset out there). Absolutely the same could have been said (and likely had been actually said) when Bitcoin was worth some measly 50 dollars per coin and the same could be said when its price will be 5,000 dollars (or any other price). In other words, its safety margin ends where it starts, i.e. at 0. Apart from that, I don't quite understand what you mean by "a good investment always has a base on a lower price" (and so forth)

Could your rephrase your thought?

[BitDane]

I still don't think that "taking the risk" is a good idea when you are really using your own money into that kind of investment. What I mean about that is why will you take the risk if the losses outweighs the reward? Buying Bitcoin right now at its price level will give you no room or as what they call it a margin of safety in your investment in which if it falls down you automatically will be incurring a loss. A good investment always has a base on a lower price compared to what it has now that when it falls your investment won't be affected that much

How sure are you that bitcoin won't be increasing in price in the next months or years?  How sure are you that if we invest today in Bitcoin, there is no room to profit?  Though I agree that a good investment always or should always be based on lower price but if Bitcoin increase in price on the next months, does not it prove that what you are saying about investing in Bitcoin is incorrect?

[CriptoSven]

I still don't think that "taking the risk" is a good idea when you are really using your own money into that kind of investment. What I mean about that is why will you take the risk if the losses outweighs the reward? Buying Bitcoin right now at its price level will give you no room or as what they call it a margin of safety in your investment in which if it falls down you automatically will be incurring a loss. A good investment always has a base on a lower price compared to what it has now that when it falls your investment won't be affected that much

How sure are you that bitcoin won't be increasing in price in the next months or years?  How sure are you that if we invest today in Bitcoin, there is no room to profit?  Though I agree that a good investment always or should always be based on lower price but if Bitcoin increase in price on the next months, does not it prove that what you are saying about investing in Bitcoin is incorrect?

I already know but I think that gold has all the more or less valid reasons to be considered the best investment goods, but at the same time Bitcoin is a good investment for a few users and therefore it is necessary to share who earns and unambiguous where he puts.

[arigathanks23]

obviously gold would be the safe bet and bitcoin the risky. With gold having had thousands of years of maintained value and bitcoin being a few years old and extremely volatile.

I agree with gold being the safe bet, because gold can be stored in a safe or a bank so no one can easily  rob it from you and from time to time the value of gold also increases although not as big as bitcoin, but for me it is still by far most valuable.

[jaysabi]

One key factor where Bitcoin truly shines is its rarity. While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence. Whenever supply is restricted and demand is high, price goes up, so for me Bitcoin will continue to be a better store of value than Gold

Thinking of rarity in the way you do is meaningless

In other words, you can't possibly say that Bitcoin is rarer than gold (or the other way around). You can say that there are only 21M bitcoins (which somehow seems not a big deal) but I can easily challenge that point and claim that there are in fact 21¹⁴ satoshi which are intuitively not as rare as measly 21 million bitcoins. I hope you can see now that numbers alone taken only by themselves don't mean a lot in respect to scarcity

Denominating in satoshis instead of bitcoins hasn't done anything to make it less rare. If you count bitcoins or count satoshis, it doesn't change the amount of Bitcoin in the world or make it less rare or otherwise alter his premise. He's saying Bitcoin is valuable because it's rare and finite. Breaking a Bitcoin down into satoshis doesn't challenge either of those premises

Well, it hasn't done anything

But that should have been expected. Moreover, that was exactly my point if you didn't get it. I just wanted to show that numbers alone are meaningless. There is no abstract scarcity, i.e. you can't say if 1 is more scarce than 2, in general. So just saying (or implying) that there are over 5.5 billions of troy ounces of gold mined till now and therefore Bitcoin with its 21M of coins (and with some coins yet to be mined) is more rare (scarce) than gold is as meaningless

This second explanation was much more clear than your original, because that point definitely didn't come across the first time. Your first response didn't mention the comparison of bitcoins to gold, it only mentioned as a counter point to Bitcoin's "rarity" that 21 million coins can be divided into 21^14 satoshis, which logically doesn't make it any more or less rare than it was before.

[Lecsor]

Until today I was very ardent investor in gold for example, but after I saw how the price of Bitcoin started to grow, it became interesting to me to invest in crypto currency, according to my calculations, I see that we are very good at making Bitcoin unlike Of gold.

[deisik]

One key factor where Bitcoin truly shines is its rarity. While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence. Whenever supply is restricted and demand is high, price goes up, so for me Bitcoin will continue to be a better store of value than Gold

Thinking of rarity in the way you do is meaningless

In other words, you can't possibly say that Bitcoin is rarer than gold (or the other way around). You can say that there are only 21M bitcoins (which somehow seems not a big deal) but I can easily challenge that point and claim that there are in fact 21¹⁴ satoshi which are intuitively not as rare as measly 21 million bitcoins. I hope you can see now that numbers alone taken only by themselves don't mean a lot in respect to scarcity

Denominating in satoshis instead of bitcoins hasn't done anything to make it less rare. If you count bitcoins or count satoshis, it doesn't change the amount of Bitcoin in the world or make it less rare or otherwise alter his premise. He's saying Bitcoin is valuable because it's rare and finite. Breaking a Bitcoin down into satoshis doesn't challenge either of those premises

Well, it hasn't done anything

But that should have been expected. Moreover, that was exactly my point if you didn't get it. I just wanted to show that numbers alone are meaningless. There is no abstract scarcity, i.e. you can't say if 1 is more scarce than 2, in general. So just saying (or implying) that there are over 5.5 billions of troy ounces of gold mined till now and therefore Bitcoin with its 21M of coins (and with some coins yet to be mined) is more rare (scarce) than gold is as meaningless

This second explanation was much more clear than your original, because that point definitely didn't come across the first time. Your first response didn't mention the comparison of bitcoins to gold, it only mentioned as a counter point to Bitcoin's "rarity" that 21 million coins can be divided into 21^14 satoshis, which logically doesn't make it any more or less rare than it was before

I did that intentionally

In fact, I even somewhat expected (should I say provoked?) that reply to lead you (as well as other readers, for that matter) to better understanding of what scarcity is and what it is not. Now it's time to drop gold from the equation completely. And if we drop gold, what does it change? Did Bitcoin's 21M coins become less scarce or more abundant? Well, that seems to mean the same, but never mind since it is basically the same as with 21⁶ bitcoins versus 21¹⁴ satoshi. The numbers alone, when taken in isolation, don't mean anything (in respect to scarcity, at least). Indeed, you could judge scarcity in an absolute sense of sorts (i.e. how many bitcoins can exist in the Universe) and claim, for example, that 21M bitcoins is certainly less abundant than 22M bitcoins (provided the latter was possible), but it doesn't have any practical implication since in real life just 1M bitcoins can be more abundant (i.e. less scarce) than 10M bitcoins

[vennz17]

Both, but i prefer to bitcoin.

Because, estimates bitcoin prices for the next 10 years increase as more and more internet users.

[7daystodie]

Both, but i prefer to bitcoin.

Because, estimates bitcoin prices for the next 10 years increase as more and more internet users.

Bitcoin is good only for short-term investments, because it can be destroyed at any time, and gold will remain gold even without the Internet.

[BitcoinPC]

Now everybody keeps Bicon in the hope that its price will rise and this will make money, but if the growth of prices will stop many people can sell their coins for fear that the price will fall and this can lead to the present collapse of prices. Gold, with strong demand and appreciated everywhere, even in tribes of Australian aborigines.

Still everyone have hope from bitcoin, without any fear. You could use the word for fear " Take Risk". Everyone is taking a risk to buy and hold the bitcoin. But same situation is also here in gold. So only choose one thing between both of them, than i choose bitcoin, because i can handle bitcoin not gold.   

I still don't think that "taking the risk" is a good idea when you are really using your own money into that kind of investment. What I mean about that is why will you take the risk if the losses outweighs the reward? Buying Bitcoin right now at its price level will give you no room or as what they call it a margin of safety in your investment in which if it falls down you automatically will be incurring a loss. A good investment always has a base on a lower price compared to what it has now that when it falls your investment won't be affected that much.

You are not understand, what i want to tell, should read before my comments and read the first reply, Matuson said that people can sell the bitcoin with fear, than i said No, people are not buying and selling the bitcoin with a fear, people only buy the bitcoin with a risk. That's why i use the word "take risk".
Tell me whenever you are buying or selling the bitcoin without fear of lose or take the risk to gain profit?
Because you will be sure in the coming time, bitcoin definitely give you profit. 

[oktana]

Both, but i prefer to bitcoin.

Because, estimates bitcoin prices for the next 10 years increase as more and more internet users.

Bitcoin is good only for short-term investments, because it can be destroyed at any time, and gold will remain gold even without the Internet.

Bitcoin also applies to long-term investments because the level requires positive beliefs from user community and we are also included it, at least here needs an active reaction to find out the latest news from bitcoin prices so we can decide to sell anytime, something that's at risk giving you 1000% daily profit more than just gold investment

[ProzCoin]

Bitcoin is definitely the best since you can do anything with it. Buying thing on the internet, pay your bills, invest your money, earn money on the Internet. Therefore, Bitcoin is dabest in this field. Hold your Bitcoin and you will be rich. Do not hold gold 

[Gameroid]

I will choose both bitcoin and gold investing both will definitely profitable.  Bitcoin is fluctuating its price it dump and pump but for sure will gives an earning. Though in gold as the most known for anyone will gives also profit in the long run.

And I do not invest in gold. Its hard to buy. It is easier for me to buy some part of bitcoin. I can do it in just a few minutes using my smartphone. I like it. And how to buy gold I do not know.

I think in any country gold is available for sale and more popular than bitcoin. Or I'm wrong?

You're right that gold is more popular than bitcoin but it doesn't mean that gold is the best because bitcoin can be the best also. Bitcoin has its own uniqueness in terms of features like being anonymous and secured. So i think bitcoin will get close to gold in terms of popularity soon, we just need more progress for that.

Not only popularity as a safe investment but gold win everything than bitcoin likes price gold more strong and not easy to falling deep even though now bitcoin price stable but i guess still not strong enough stay up to $1000.

Gold is stronger and more reliable. Although bitkoyn stabilized anyway, many still do not trust him and at the slightest panic they immediately start selling their coins.

to me i think both have their own value and importance  i think we cannot ignore the importance of one. gold is good for saving as we can expect very minor change in the price of gold where as bitcoin is good for investment as the price of bitcoin is changing from time to time and in very little time we can get a good profit.

[Netnox]

Bitcoin is definitely the best since you can do anything with it. Buying thing on the internet, pay your bills, invest your money, earn money on the Internet. Therefore, Bitcoin is dabest in this field. Hold your Bitcoin and you will be rich. Do not hold gold 

ROFL. You are perhaps correct... except the fact that we are perhaps a decade away from all this happening. Only a very few shops and online retailers accept BTC. The number is slowly increasing, but it is going to take some time.

[Vaculin]

I still have doubt in my mind but when u really weigh things based on their characteristic or composition,i have to go with bitcoin.The more bitcoin becoming known to everybody,the bigger the value becomes.Compared to gold,it may be high in appraisal,but not as high as bitcoin.

[1Referee]

Bitcoin is definitely the best since you can do anything with it. Buying thing on the internet, pay your bills, invest your money, earn money on the Internet. Therefore, Bitcoin is dabest in this field.

Bitcoin has the overall advantage, but that's mainly due to its digital nature. It's basically an unfair question to task here on a Bitcoin forum as obviously 95% of the people have a bias towards Bitcoin. Put this same question in the spotlight there where the average joes are the far majority in number - outcome will be completely different (in the same way, it will be an unfair question to ask). Especially in the way that these people like the physical aspect of Gold - it adds an extra bit of value to Gold.

Do not hold gold

Who are you to tell people to not hold Gold? People can hold both Gold and Bitcoin alongside each other without any problems.

[Pamadar]

Both, but i prefer to bitcoin.

Because, estimates bitcoin prices for the next 10 years increase as more and more internet users.

well for those who's looking for long investment bitcoin can still goes up a little bit more as we see how fast the value rises up unlike gold
which already been traded for much long time and the price rise is not that much at all, bitcoin will be more valuable maybe after 5-10 years
from now.