Post
Topic
Board Economics
Re: Bitcoin or gold?
by
deisik
on 18/08/2016, 09:53:58 UTC
I prefer to use bitcoin than gold.
If I had gold I wouldn't know what to do with it or where to store it.
I would be so paranoid that someone was going to steal it from me.
So yes.. I prefer to use bitcoin any day over gold.  Wink


But gold is with you or in other words you store gold in your home right? and in case of bitcoin you store your coins in online wallet, someone also hack  your wallet and send all your money to their account isn't it?? If you store golf in your home then stealing chances are low because you are present on spot while in case of bitcoins you are not present on spot.

It may be irrelevant if you store your gold at home, since it can still be stolen. I don't think it will be of particular interest to you how the act of depriving you of your property will be classified by the investigators, namely, as theft or as robbery...

Though in the latter case, you can be harmed physically
That's why it is just a game for the rich because they can afford to invest in gold and protect their investment, the new gold now is bitcoin as we can easily protect it online or offline and we can have a great value in the future. For those who likes great profit, we should choose bitcoin and gamble though it is risky.

Did you mean trading since you can't get profits through gambling? Not that trading is much different from gambling, but your chances are still better there. Since in the former case you play against the house and the house edge with all consequences thereof...

While in the latter case you play against other traders (or players, you if please)