Bitcoin or gold?

[seojp]

Bitcoin because it will become 1000000$ in the future also the currency is volumized or it is more trending than gold. Gold is a old currency in the near future bitcoin will rise so It is better to buy stocks so That in the future you will become a millionaire in your country without doing anything.

[Card]

I have both but I prefer BTC to gold.. More fun to have 

Yes I agree with you
Bitcoin makes us think to be able to make more money.

[umbara ardian]

For now I prefer to find bitcoin, because bitcoin price is much more expensive than gold price. Bitcoin has become my main job, so bitcoin is much better than gold.

[Sled]

For now I prefer to find bitcoin, because bitcoin price is much more expensive than gold price. Bitcoin has become my main job, so bitcoin is much better than gold.

Bitcoin already have a lot of advantage than gold like the jobs that you can have when you have bitcoin while in gold you just holding it for a long time and you will be able to make good profits. Bitcoin is the best cryptocurrency right now and it is very easy to make money if you are determined while in gold there is no chance to generate it or earned by job.

[RealPhotoshoper]

I have both but I prefer BTC to gold.. More fun to have 

yes i also prefer bitcoin to gold as bitcoin has more chances to increase their price and give us some more profit in a short period of time.

Bitcoin has no guaranteed bright future as good as gold.
Common people will of course choose to have gold rather than bitcoin as its insecurity.
Bitcoin has so crazy volatile that's make investor/ especially trader love to play it.

[Kamarah]

I have both but I prefer BTC to gold.. More fun to have 

and more profit and the money to have bitcoin too. We all love bitcoin. It gives us many opportunities than gold

[anami57]

Bitcoin. I invested money on bitcoin for trading and every month i withdraw profit to buy gold. Price is amazing at the moment, make me can buy more gold.

[Barbut]

Bitcoin. I invested money on bitcoin for trading and every month i withdraw profit to buy gold. Price is amazing at the moment, make me can buy more gold.

Everything is more expensive now then before, but I don`t understand why do you sell bitcoins to buy gold when you will make more profit with holding bitcoins. I think you lost a lot with your trading, hard to say how much exactly.
Bitcoin price passed gold long time ago, now bitcoin worth double more then gold, this trend will continue in next years. Having gold in this times is just more secure maybe, price of gold is much more stable then bitcoin price.

[mornabo]

I have both but I prefer BTC to gold.. More fun to have 

Choosing both is a good idea. I use bitcoin for short-term investments or trading and invest in gold for the long term. Yeah saving the future

[Richard Branson]

Everything is more expensive now then before, but I don`t understand why do you sell bitcoins to buy gold when you will make more profit with holding bitcoins. I think you lost a lot with your trading, hard to say how much exactly.

If you have enough money, it's priority number one to secure your assets. Go all-in bitcoin could (but not must) lead to total loss.
Give up some decent profits and buy some physical (not paper) gold is advisable.

If you only have a few hundred $ in BTC; that does not apply to you. But if you have 100k-10m in BTC, you should start to put some % of it in gold.

[kpcian]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit.

[Smack 1]

I prefer bitcoin
Where bitcoin I can trade to make more money than gold

[stevano]

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.

From the beginning I have said if I still choose bitcoin when compared with gold, because in terms of bitcoin price is very good for investment

[Fireblade]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit.

i will also prefer to bitcoin over gold. although gold is also a good and safe investment. but still it cannot give me such a good profit that we can expect from bitcoin. the price of bitcoin is changing from time to time and therefore there are more chances that if the price of bitcoin goes up it will give us good profit. therefore bitcoin is really a good investment.

[Richard Branson]

Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack.

When the time comes that one needs gold to buy stuff, there will probably no working internet left. Your bitcoin will become worthless.
Gold/silver is a backup for the worst case scenario. Bitcoin is an investment.

Gold/silver is to secure your wealth.
Bitcoin is to increase your wealth (best case).

[Skieleton]

Keeping gold in banks is, in my opinion, as dangerous as investing in Bitcoin.

How sure are you that after 10 years the bank will continue to hold our gold?

[legarde23]

ofcourse bitcoin!
Bitcoin can double its own value in just a couple of a days just like yesterday bitcoin hits 2500$.
Unlike gold it takes soany years just to double its value and now adays technology came popular to people.

[deisik]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit

I guess you can't directly compare gold and Bitcoin

They are completely different assets, though neither can be called an investment in true sense of the word. Bitcoin is too volatile and thus too risky to be a reliable investment. Its main application is in trading for short-to-mid term speculation. Gold, on the other hand, is not risky and thus not profitable, so it is largely used as a store of value, not as an investment vehicle, you won't earn profits with it. In fact, during the last 40 years or so keeping gold would bring you only losses (not big but still)

[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

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

That's borderline ridiculous. I don't believe for a second you plotted out a little breadcrumb trail you wanted people to follow, or that you better understand scarcity than anyone else on the boards. It appears you just got caught spouting non-sequitur nonsense and tried to retcon it into a "this was my master plan all along" scenario, especially since your response is still not on point and you're still differentiating about bitcoins vs. satoshis when that was never part of the original premise. That was an idea only you introduced, and which still isn't relevant. OP's original point was bitcoin is more rare because there is a limited amount that can come into existence. This is an incomplete thought, as it says nothing about gold, but I believe the implication is that while gold is also finite, we don't know how much of it there is, and can't speak to it's ultimate rarity. I believe that was OP's point, just poorly articulated. All the tangent about how you divide it up (bitcoins or satoshis, and relatedly pounds or ounces) is irrelevant, especially since OP didn't mention it. I think you inferred his meaning, and inferred wrong, then initiated an irrelevant tangent.

[jaysabi]

I prefer Bitcoin to gold.
There are many reasons behind my preference, Bitcoin day by day becoming acceptable and popular. At present, Bitcoin has more value than gold. Definitely Bitcoin would be preferable to gold because Bitcoin can be converted in to money anytime, but gold can't. Bitcoin needs only internet, you can easily trade and lend Bitcoin but gold is stack. Now a days, Bitcoin is using as selling and buying purchase but gold has limit.

This is silly. Gold is far more liquid than bitcoin on a global scale, although at the present rate, I would expect bitcoin to eventually reach parity there.  For however easy you think it is to convert bitcoin into fiat, there are far more financial institutions who will do so for gold, so the idea that gold can't be converted into money anytime while bitcoin can is false.  Further, bitcoin needs the internet is a weakness, not a strength. Gold exists in electronic form (futures, synthetic financial instruments, etc.) but also can be withdrawn and take a physical form. Bitcoin only exists in the blockchain. One thing where you are probably right though is that at this point it may be easier to transact with bitcoin, although I say maybe because I'm not aware of, and have never looked into, a way to make regular commercial transactions with gold, although I know there used to be gold-based electronic wallets. I don't know if they're still around or were ever very viable.