Bitcoin or gold?

[FUKT]

Well, at my current wealth now I think it's good to convert it with bitcoin, I know even if we are optimistic that bitcoin will make a bigprogress in the future we cannot still erase the fear that one day it might become worthless.

Exactly! Since most buy or mine BTC not to save their wealth in it, but hope to increase it by selling their bitcoins; and we all know what happens to the price when too many decide to sell.

bitcoin, easy to handle, easy to move and you can bring it with you always. try doing that with gold

Easy to trace and destroy it by introducing Internet usage limitations (a la Chinese ban of Facebook or denying access to certain websites a la USA) or start a major sell off on exchanges by mining giants. Try doing that with physical gold.

[basinlotus]

Bitcoin.

In a digital world, people do not need to carry gold with you to anywhere, but can take the digital gold by all means.   

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.

[deisik]

I'm surprised how many people chose gold on a btc forum. Gold seems like a pretty crappy "investment", more like a hedge against collapse. Is it going to appreciate by 10% a year? I'd chose stocks and bitcoin.

Gold historically has been exactly that, a hedge against disaster or a failsafe to preserve wealth in uncertain economic conditions. The volatility exhibited by Bitcoin is great when it's on an overall upward trend has it has been for months, but everyone forgets how terrible it was owning Bitcoin at $200 for a year after it was trading at $800 and people were wondering if it would ever see those highs again.

Volatility is not for long-term holders

They can't use it effectively (per definition, since they are long-term holders), and thus they have to essentially ignore it (whether it favors or hurts them). But if we talk about day traders, they care not so much about price going up (or down, for that matter) as volatility itself. In other words, they will earn money on Bitcoin going down as easily as they earn money on Bitcoin going up. My point is that volatility can be great just on its own without further specifying whether it is in an overall upward trend or otherwise

[mitkala]

Bitcoin.

In a digital world, people do not need to carry gold with you to anywhere, but can take the digital gold by all means.   

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.

That is right. That is the reason I buy bitcoins and other altconis.

[Coinmyjob]

Bitcoin.

In a digital world, people do not need to carry gold with you to anywhere, but can take the digital gold by all means.   

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.

That is right. That is the reason I buy bitcoins and other altconis.

I also buy bitcoin because of that. That it is convenient for them to pay and it constantly becomes more expensive.
But I know that gold is very reliable and with it there will be no sharp drops or sharp growth. Sometimes stability is good

[Shahajahan6060]

Though both are precious  for us, I think Bitcoin is the best.If, we do not try to understand about our future or the economical importance how we can do progress.So, we should adapt to the latest model .Otherwise,our economical system will be slow and we do not want it.

[JohnnyNnex]

Last weeks we can see how fast bitcoin is growing up. But how long it could continue we dont know. So I choose both 50/50

[deisik]

I'll convert my wealth to gold for long time purposes. Since gold is being used for transactions through many years by different countries through different eras.

Not just different, but absolutely all great empires and developed countries used gold, silver and copper as currency, and will continue to do so when the circus of virtual "money" (that do not fulfill all the criteria of real money defined by Greeks millenniums ago) ends.

I strongly disagree with this attitude

I understand that you are pro gold (in fact, I'm pro gold too), but I can't possibly agree that fiat money (since this is what you seem to refer to by "the circus of virtual money"). The criteria of "real money" which you mention are mutually exclusive, and you can't get away from that. You can't have a good store of value (one criterion) going together with a good means of exchange (another criterion for "real money"). I guess the history has proved this case pretty convincingly. Fiat money is bad as a store of value but it beats hands down any "real money" as a means of exchange. And this is the most important function of money in today's world since you can always store your wealth in something which is not money but which can still be used as a good store of value (say, gold)

[WatchMaker]

I choose Bitcoin because the value is increasing every day!

[Gameroid]

Though both are precious  for us, I think Bitcoin is the best.If, we do not try to understand about our future or the economical importance how we can do progress.So, we should adapt to the latest model .Otherwise,our economical system will be slow and we do not want it.

both are precious there is no doubt about this. but i will also choose bitcoin.

[bitbob82]

Though both are precious  for us, I think Bitcoin is the best.If, we do not try to understand about our future or the economical importance how we can do progress.So, we should adapt to the latest model .Otherwise,our economical system will be slow and we do not want it.

I think  in modern time people are trying to choose bitcoin. in fact they are now giving more priority to online business , which is in fact more easy to  handle as compare to day business. i think in future all the people will change their business in to online and will also use to do online shopping.

[Bingooop]

Gold, hands down.

Bitcoin is for gambling/trading volatility on steroids, not a serious long term store of wealth.

Both are best for investment as both Can be a good profit in future so anyone can bet on either gold or bitcoins

[MArsland]

I prefer choosing bitcoin, because bitcoin prices always go up.
Bitcoin have a high technology, who knows what will happen after 10 years

[CoinSiteDesigner]

Both.

Cause while BTC is unstable and kept on grows or drops and Gold because it's a bit stable and will surely grows after years.

[sheenaedago]

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.

Probably both because years from now bitcoin price would increase and increase. It is like you invest half of your money through bitcoin. While the other half of my money will be converted into gold because I just like the feeling of having gold. While the other half is increasing through bitcoin, you have another half of gold.

[Sled]

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.

Probably both because years from now bitcoin price would increase and increase. It is like you invest half of your money through bitcoin. While the other half of my money will be converted into gold because I just like the feeling of having gold. While the other half is increasing through bitcoin, you have another half of gold.

Great option and it will help you to have a two source of income which is both bitcoin and gold. In my opinion, it is a well balanced investment portfolio because bitcoin is very fast moving while gold is just slowly getting to the top and those two investment has a high potential to give us profit in the future.

[futuret]

Gold is a non-renewable resources that can get by nature, while bitcoin can mine through series of staking or trading. I choose to have bitcoin for now then gold later. I think it ends the same

bitcoin has also a cap of its production to around 21 million bitcoins. Actually, that is a good news because things that are finite are more valuable than infinite. This what makes bitcoin really going high due to its finite in nature.

Hmm.... I have a few doubts about this limit of 21 million coins. Can this limit be increased/decreased using hard or soft forks? Right now, we are talking about increasing the block size through forking. But is it possible to increase this 21 million coin limit using a fork? Trust me. Sooner or later this issue is going to come up, resulting in another split.

I don't see that the system hard fork became an issue in the future. Indeed hardfork became one of the things he said to solve the problem of the bitcoin now provide enough time large enough in order to get the level of confirmation. But this could never be entered into the system, because the bitcoin outline bitcoin unknown who the maker. So that the system only hardfork spin on the outside of the bitcoin system and it all will never increase the limit of coins that were already made.

according to me bitcoin is better than gold because bitcoin has the potential to double your money in a couple of days because it increases the money rapidly but in the case of the gold you will have to wait so long and you will get small profit so I think we cannot compare gold with bitcoin because both of them are different from each other. 

[bncbnc]

Gold is a non-renewable resources that can get by nature, while bitcoin can mine through series of staking or trading. I choose to have bitcoin for now then gold later. I think it ends the same

bitcoin has also a cap of its production to around 21 million bitcoins. Actually, that is a good news because things that are finite are more valuable than infinite. This what makes bitcoin really going high due to its finite in nature.

Hmm.... I have a few doubts about this limit of 21 million coins. Can this limit be increased/decreased using hard or soft forks? Right now, we are talking about increasing the block size through forking. But is it possible to increase this 21 million coin limit using a fork? Trust me. Sooner or later this issue is going to come up, resulting in another split.

I don't see that the system hard fork became an issue in the future. Indeed hardfork became one of the things he said to solve the problem of the bitcoin now provide enough time large enough in order to get the level of confirmation. But this could never be entered into the system, because the bitcoin outline bitcoin unknown who the maker. So that the system only hardfork spin on the outside of the bitcoin system and it all will never increase the limit of coins that were already made.

according to me bitcoin is better than gold because bitcoin has the potential to double your money in a couple of days because it increases the money rapidly but in the case of the gold you will have to wait so long and you will get small profit so I think we cannot compare gold with bitcoin because both of them are different from each other.  

I also think that bitcoin is more better than gold, in fact gold has a very stable price and therefore we cannot expect a good increase in its price, while bitcoin has a big fluctuation in its price and therefore are more chances to make good profit from it and that is the reason that most of the people are trying to invest their money in bitcoin.

[TribalBob]

Gold is a non-renewable resources that can get by nature, while bitcoin can mine through series of staking or trading. I choose to have bitcoin for now then gold later. I think it ends the same

bitcoin has also a cap of its production to around 21 million bitcoins. Actually, that is a good news because things that are finite are more valuable than infinite. This what makes bitcoin really going high due to its finite in nature.

Hmm.... I have a few doubts about this limit of 21 million coins. Can this limit be increased/decreased using hard or soft forks? Right now, we are talking about increasing the block size through forking. But is it possible to increase this 21 million coin limit using a fork? Trust me. Sooner or later this issue is going to come up, resulting in another split.

I don't see that the system hard fork became an issue in the future. Indeed hardfork became one of the things he said to solve the problem of the bitcoin now provide enough time large enough in order to get the level of confirmation. But this could never be entered into the system, because the bitcoin outline bitcoin unknown who the maker. So that the system only hardfork spin on the outside of the bitcoin system and it all will never increase the limit of coins that were already made.

according to me bitcoin is better than gold because bitcoin has the potential to double your money in a couple of days because it increases the money rapidly but in the case of the gold you will have to wait so long and you will get small profit so I think we cannot compare gold with bitcoin because both of them are different from each other. 

I also think that bitcoin is more better than gold,

Both are good as an form of investment and people have more faith in gold as it exists since long time but it will give you limited profits and if you want to make huge profits they you should go with bitcoins as no one knows how high price of bitcoins can go in near future.

[batang_bitcoin]

I prefer choosing bitcoin, because bitcoin prices always go up.
Bitcoin have a high technology, who knows what will happen after 10 years

And it is set to increase yearly, the demand is increasing while the supply is decreasing. Once the next halving will happen for sure the price surge again and everything that's happening to bitcoin makes itself stronger and the price too. While gold, it's my dream to have it but I'll stick anyway with bitcoin.