Quote from: ninobtcx on November 04, 2017, 05:48:25 AM

Quote from: BTCMILLIONAIRE on November 02, 2017, 06:41:09 PM

Quote from: ninobtcx on November 02, 2017, 10:33:56 AM

Quote from: BTCMILLIONAIRE on October 31, 2017, 01:39:45 PM

Quote from: ninobtcx on October 31, 2017, 12:06:40 PM

Quote from: CasseyAmber25 on October 25, 2017, 11:40:06 AM

I would buy more bitcoins...bitcoin will continue to rise because most of holders are hodlers. Plus, you will get ur segwit 2x. Token dumping might be a good idea but keep those whose devs have long term plans for their tokens..
Somecurrency analist also suggest people to sell their gold for bitcoins because they strongly believe that bitcoin is far more profitable.

That is really silly of them. Gold isn't a way to "profit", gold should be a method to preserve wealth against fiat money inflation. There is also a limited quantity of Bitcoin (as there is with gold), but being a digital currency which have been subject to sever fluctutations it is much more speculative than gold.... two completely different matters.

Gold isn't really limited though. Gold is constantly being mined, and it can also be produced in the lab. And while producing gold is too expensive to be worth it right now, we might very well end up with a scientific breakthrough that could change this.

That's actually a good point against gold vs bitcoin hah.. but overall there's no comparison about which one of the two is the best storage of wealth as only one of them has been around for thousands of years and is easy to carry and exchange. Let alone bitcoin fees which are prohibitive!

Bitcoin fees are tiny compared to Gold transaction fees. Or do you not value your time or effort of physically moving gold around?

Gold is definitely the safer option when it comes to storing wealth though, at least for now.

Bitcoin fees are smaller than gold's if we are talking about selling ingots and nuggets and gold coins. Not much of a waste of space and time though as due to the high price per gram big portions of wealth can be stored in a standard business suitcase.
I agree with gold being the safer option. Actually I think it's the safest of all, including land, real estate, stock market and obviously fiat which has always been a big loser in that regard thanks to fractional reserve.

If you have to physically move your gold it'll be more expensive than transacting Bitcoin. And if you're buying gold at some place that stores it for you, you're kind of wasting the biggest purpose of owning gold in the first place.