Ninjastic
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Board Economics
Re: Bitcoin or gold?
by
deisik
on 10/04/2017, 14:02:18 UTC
Quote from: loges on April 10, 2017, 07:59:09 AM
Quote from: sobsitesearch on April 10, 2017, 07:39:41 AM
Quote from: President79 on April 10, 2017, 07:33:19 AM
Quote from: Astvile on April 10, 2017, 01:42:17 AM
Quote from: tkbx on March 09, 2014, 06:21:54 PM
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.
Gold of course.Golds price is stable and somewhat rising eve na at small %.As you say bitcoins is still in 5th year of his adventure anything bad may happen through in the 10 years time frame.Bitcoins may lose up its value because we all know bitcoins price is not stable
Gold moves very slowly, not suitable for short-term benefit, I prefer bitcoin because proved favorable for 1 year I known bitcoin, after I first bought, I never got lost and always profitable, but I also be realistic because one time bitcoin will replace by another coin.
I do not think bitcoin will replaced by other coin there is not alt coin yet with the same services with bitcoin.
I choose bitcoin to invest than gold because i have lots of things i can do with my bitcoin, i can entertain myself by doing trading, i can buy things directly with bitcoin and many more while gold can not.

Yes gold can only be stored physically in your vault and you can't much do with it like you can do with bitcoins, you can use bitcoin in trading, gambling and you can also use it for shopping purposes which is never possible with gold.

Gold is for the rich (and superrich) while Bitcoin is for the poor (and not so poor), metaphorically speaking

Gold is a compact form for storing wealth and its advantage before Bitcoin (as well as the US dollar) is that it can't go substantially lower in price, though it is unlikely to rise either (at least, on its own) unless the dollar itself gets massively devalued (which is as unlikely). So people come to gold when they are already rich enough to cover all their expenses with their fiat reserves or income they receive on a regular basis. Otherwise, you'd better stick with more liquid assets such as dollars themselves or bitcoins (if you are more into speculation)