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Author Topic: Bitcoin or gold?  (Read 984566 times)
Anarchist
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August 02, 2017, 08:58:44 PM
 #8581

Gold has lost its standard value Roll Eyes Since '70s, the currencies most exchanged as the yen, the euro, the pound sterling and the US dollar see their value fluctuate unrelated to gold. The monetary system is now based on floating rates of currencies that are unrelated to any gold reserves. It is the supply and demand of the currency itself that determines its value.
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August 02, 2017, 09:34:53 PM
 #8582

Gold has lost its standard value Roll Eyes Since '70s, the currencies most exchanged as the yen, the euro, the pound sterling and the US dollar see their value fluctuate unrelated to gold. The monetary system is now based on floating rates of currencies that are unrelated to any gold reserves. It is the supply and demand of the currency itself that determines its value.
i think Gold has a very good and stable value, i think we can expect a very little change in the price of Gold therefore for saving Gold is the best option, but for investment i think bitcoin is the best option.
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August 02, 2017, 10:51:53 PM
 #8583

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 will choose the bitcoin to be stored in the long run, because until now the bitcoin price will always rise on the bitcoin cause it as the basis or benchmark the price of another coin, like the dollar as a benchmark other currencies, if gold is stable and the price is rising A slight drop, so I think less good if to invest
i think yes long term investment is the best option because in long term investment there are more chance to make more money without involving any risk. while in short term investment there is always risk of losing money. in fact in short term investment when the price of bitcoin start dropping we comes in panic and start selling our coins even in lost.
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August 02, 2017, 11:23:30 PM
 #8584

For now I have gold and bitcoin, I keep gold for the long term, while for bitcoin for investment for the medium and short term. So both include my choice for investment.

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August 02, 2017, 11:23:53 PM
 #8585

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 will choose the bitcoin to be stored in the long run, because until now the bitcoin price will always rise on the bitcoin cause it as the basis or benchmark the price of another coin, like the dollar as a benchmark other currencies, if gold is stable and the price is rising A slight drop, so I think less good if to invest
i think yes long term investment is the best option because in long term investment there are more chance to make more money without involving any risk. while in short term investment there is always risk of losing money. in fact in short term investment when the price of bitcoin start dropping we comes in panic and start selling our coins even in lost.
That's wrong, any kind of investment involves risk whether it's long term or short term but it has different approach required.
If you want to make more money and benefit on your skills you need to invest for short term and long term, it will bring good return if you
are good in both.
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August 02, 2017, 11:25:20 PM
 #8586

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.

Very good question. I'd choose 50/50 but since you said that's not possible I'll just take the risk and go with Bitcoin Smiley
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August 02, 2017, 11:34:04 PM
 #8587

For now I have gold and bitcoin, I keep gold for the long term, while for bitcoin for investment for the medium and short term. So both include my choice for investment.


You are forgetting that bitcoin is also a good investment for a long term goal. Having both of it will give you an advantage to earn better when you want to get off and have a retirement. As of now, I still don't have gold as I might have a good amount with the potential  bitcoin I've got for now. But one day, I'll enter gold investment.



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drex187
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August 03, 2017, 12:48:07 AM
 #8588

Both.. If you have gold, you can buy bitcoin . If you have bitcoin ,
you can buy gold.They are just the same for me.
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August 03, 2017, 05:15:44 AM
 #8589

Both.. If you have gold, you can buy bitcoin . If you have bitcoin ,
you can buy gold.They are just the same for me.
It's not like that, what if the value of your bitcoin is very small, of course you cannot afford gold.
The thing is, we are investing in bitcoin because we want to instantly grow our money which gold cannot do as it's growth
trend are predictable and we need a decent amount to invest in gold, plus you have to secure it which is very costly on your part.
I would choose bitcoin now since it's the trend and I believe some gold investors are shifting to bitcoin now.

 
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August 03, 2017, 06:18:24 AM
 #8590

Maybe I'm more interested in gold because gold has a beautiful shape that can be seen by everyone and people are still investing heavily with gold while the form of bitcoin is not visible. So there is added value of gold compared to bitcoin ..
 Thanks.. Grin

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August 03, 2017, 06:48:53 AM
 #8591

If we look at the trend of bitcoin values higher than in gold. I prefer to invest some of my money into bitcoin and partly for gold so that the risk is less.

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August 03, 2017, 07:27:56 AM
 #8592

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 would definitely chose bitcoins instead of gold.With bitcoins,my investment is safe since it works on a secured block chain system and at the same time,it gives such huge returns to customers that no asset could give in today's situation in very low period.

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August 04, 2017, 07:49:45 AM
 #8593

For 10 years,i think gold better then bitcoin,coz gold low risk
If you're going to invest in gold in 10 years you will receive the same amount. If all these 10 years you will earn with bitcoin you can in these 10 years to buy 10 times more gold than buy now. Gold is convenient to store only during the war. You ready for war?
Of course, bitcoins are the most efficient and profitable investment currently. Gold has nothing to do with bitcoins. Gold is just better for ornaments and wedding gifts. Bitcoins are much better than gold. Bitcoins can make you rich in short time as compared to gold. Bitcoins can double you money even increase it manifolds within short time.
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August 04, 2017, 08:48:25 AM
 #8594

For 10 years,i think gold better then bitcoin,coz gold low risk
If you're going to invest in gold in 10 years you will receive the same amount. If all these 10 years you will earn with bitcoin you can in these 10 years to buy 10 times more gold than buy now. Gold is convenient to store only during the war. You ready for war?
Of course, bitcoins are the most efficient and profitable investment currently. Gold has nothing to do with bitcoins. Gold is just better for ornaments and wedding gifts. Bitcoins are much better than gold. Bitcoins can make you rich in short time as compared to gold. Bitcoins can double you money even increase it manifolds within short time.

Bitcoin is best for short term investment at the moment because it increases in price quickly. Well, if for long term investment, bitcoin is still good the same with gold investment. Hence, bitcoin is good for both short and long term investment while gold is good for long term investment.
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August 04, 2017, 10:08:49 AM
 #8595

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.
Considering the thought that bitcoin has only been around for 5 years compared to gold which have maintained its value for years now, that fact alone leads me to choose gold. Because bitcoins' still quite risky so I'd rather go to gold which has been trusted longer by many.
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August 04, 2017, 10:18:02 AM
Last edit: August 04, 2017, 03:30:21 PM by deisik
 #8596

For 10 years,i think gold better then bitcoin,coz gold low risk
If you're going to invest in gold in 10 years you will receive the same amount. If all these 10 years you will earn with bitcoin you can in these 10 years to buy 10 times more gold than buy now. Gold is convenient to store only during the war. You ready for war?
Of course, bitcoins are the most efficient and profitable investment currently. Gold has nothing to do with bitcoins. Gold is just better for ornaments and wedding gifts. Bitcoins are much better than gold. Bitcoins can make you rich in short time as compared to gold. Bitcoins can double you money even increase it manifolds within short time

You are just too young and don't know a thing

Gold has been sticking around as a valuable asset for many millenia, and most of that time it was one of the most valuable assets out there and likely the most universally accepted one at that. Do you really think that Bitcoin (for all its technological novelty, advancement, and distinction) is going to change anything in this regard? It has only been for some 70 years that humanity wasn't involved in some kind of self-extermination, otherwise you would have quickly found out the real value of gold



Bitcoin can indeed make you rich big and quick time, but gold won't make you poor, no matter what

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August 04, 2017, 10:29:32 AM
 #8597

I think you should invest in both gold and BTC. Gold will provide stability to your portfolio and Bitcoin will provide a fast growth to your investment. You would be able to reduce risks of market if you invest in both.
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August 04, 2017, 10:40:13 AM
 #8598

I think you should invest in both gold and BTC. Gold will provide stability to your portfolio and Bitcoin will provide a fast growth to your investment. You would be able to reduce risks of market if you invest in both.
If you put money into gold then it's like cold storage of cash. It will not bring income, but will allow you to have money in any situation. Investing in bitcoin is a real income that is constantly growing. Very difficult to force myself to withdraw from a profitable project.
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August 04, 2017, 11:01:27 AM
 #8599

I think you should invest in both gold and BTC. Gold will provide stability to your portfolio and Bitcoin will provide a fast growth to your investment. You would be able to reduce risks of market if you invest in both.
If you put money into gold then it's like cold storage of cash. It will not bring income, but will allow you to have money in any situation. Investing in bitcoin is a real income that is constantly growing. Very difficult to force myself to withdraw from a profitable project.
I like putting all my funds to Bitcoin and trading for replace use this money buy Gold, because I'm a type can't wait more time for Gold increasing, but the crypto market not as gold, it always have opportunity get rich overnight. Example: Bitcoin Cash I bought rate 0.01 in first time the price drop to 0.003 BTC/BCC, but I know this just is panic short time and I keep my coin and take profit x40 after 12 hours keep it Roll Eyes
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August 04, 2017, 11:04:49 AM
 #8600

For now I have gold and bitcoin, I keep gold for the long term, while for bitcoin for investment for the medium and short term. So both include my choice for investment.


I think bitcoin is even better than gold for a long term investment. I think we can see tenfold rise in price for BTC in the next 10 years and it hardly will happen to gold.
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