Quote from: Get.BTC.Now on March 24, 2015, 05:58:47 AM

Bitcoin has the chance of dropping to 0, while gold dont. Right or wrong?

Wrong. Bitcoin Will never go to 0. It will always have value even as a collectors token because of the historical significance. (Confederate dollars also don't have a 0 value either BTW, even a despised currency that is obsolete like
a old version of a Zimbabwe dollar has value- http://www.ebay.com/itm/Zimbabwe-50-Trillion-Dollars-Series-X-2-Pieces-PCS-100-Trillion-AA-2008-UNC-/271480969129?pt=LH_DefaultDomain_0&hash=item3f3586d7a9)

Those that suggest bitcoin may go to 0 have no idea what they are talking about when there are a million bitcoin "cult" members who aren't ever going to give up on it.

This being said I also like gold and have to suggest that gold is a much better store of value than bitcoin at the moment and something I recommend Americans and Europeans invest in alongside Bitcoin. This being said gold is worth nothing if you cannot secure it , and a poor person living in a third world country might be able to eventually save up for 1 gold coin that is likely to be stolen. Or they can slowly build up their bitcoin savings which is much easier to secure than gold and they can start small and slowly build it up unlike with gold where buying small amounts is very expensive.

Quote from: SaltySpitoon on March 24, 2015, 05:56:58 AM

There are a lot of assumptions in general. Would one be able to secure reliable internet in a third world country, would one be able to secure a computer in a third world country, does the person have a disposable income, ie if they lost their investment would it be castrophic or just inconvient. A little bit of ingenuity and one could secure a physical asset. I think there are a lot more assumptions required in order for that person to be able to obtain Bitcoins in the first place.

All of that asside however is where my first response comes in. Gold is an assured store of wealth. Bitcoin may have more potential, but its not assured. So, assuming the person in the 3rd world country A. had the money to spare to buy Bitcoins, B. Had the proper means to obtain the Bitcoins (owning a computer and internet) C. would not be devestated if their Bitcoins became obsolete, lost all value, or became unusuable, I'd say go with Bitcoins. Else, I'd say go with Gold. (Actually Silver is an even better investment) but thats not the question, so I'd say in this particular situation, go with gold.

I have traveled over all of South and Central America and currently live in a "third world" so I know what I am talking about. No, most people don't own computers, but a person making 2 dollars an hour has a 800 dollar samsung or iphone.
Yes, internet is reliable and everywhere. No, securing gold is not an easy task for the average person as they typically live with many family members and/or friends in small houses and apartments. Secrets are hard to keep and Petty theft is rampant and "hidden" things are often found. Securing a gold ring may be doable as long as you aren't mugged, but securing gold coins and bars .... forget about it unless you have the money for proper security or a safety deposit box.

The problem with Bitcoin is its utility means that it won't be as good of a store of value as gold. Gold is practically useless to use for the average person and inconvenient thus it forces the user to save. Bitcoin can be spent, traded, gambled, transferred, divided, ect... much more quickly thus may not be saved. ... now if users started using a future savings wallets with checklockTimeverify perhaps they could get much stronger security and be forced to save for longer periods.