markj113
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April 02, 2017, 08:23:34 AM |
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Gold price still has a huge amount of upside potential  |
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yatogami
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bvo.trybravo.com
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April 02, 2017, 08:33:47 AM |
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Both.
take a Gold for investment in 10-40 years, and using bitcoin for trading and payment in internet, maybe bitcoin can using for investment too.
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STT
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April 02, 2017, 09:13:23 AM |
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Sometimes people overestimate the value of gold. If you do a thorough market study, you may realize that much of the liquidity of this is due to the fact that there are a lot of investors speculating on this, and a significant portion of the value of gold is also attributed to speculation, rather than to real use cases, as many people think.
No I'd say the opposite is true. Many underestimate how much gold is being used, the reason being its not used directly as gold coins so its not in appearance circulated. Bitcoin is used more directly and its much faster, more practical. The majority of use for gold you should to would be the central banks who buy gold to hold as reserves. How its then used is in the currency and debt they issue, banks always leverage their assets and balance the two to make a profit. So when you use a dollar, in theory it was linked to the gold in Fort Knox but now we have a system where dollars mostly rely on politics and schemes of trade like Oil being sold in dollars by foreign countries under protection by USA. I would argue gold has less speculation in its price then bitcoin. I would like to see bitcoin continue to be used in transactions, compared to dollars it seems a more honest and open exchange of value but its not exactly backed by anything. Most of the people in this forum who are 99.99% are bitcoiners will absolutely choose bitcoin Because they know the value and advantage of bitcoin in real ways because we are with the bitcoin from a long ago and also if we are newbie then we can say that how much the fluctuation in the price can give Profit for us .
In proportion I think a higher % of gold should be kept. Bitcoin is easier to use on small amounts to be spent every day though |
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deisik
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Activity: 3430
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English ⬄ Russian Translation Services
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April 02, 2017, 03:12:34 PM |
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Sometimes people overestimate the value of gold. If you do a thorough market study, you may realize that much of the liquidity of this is due to the fact that there are a lot of investors speculating on this, and a significant portion of the value of gold is also attributed to speculation, rather than to real use cases, as many people think.
No I'd say the opposite is true. Many underestimate how much gold is being used, the reason being its not used directly as gold coins so its not in appearance circulated. Bitcoin is used more directly and its much faster, more practical. The majority of use for gold you should to would be the central banks who buy gold to hold as reserves. How its then used is in the currency and debt they issue, banks always leverage their assets and balance the two to make a profit. So when you use a dollar, in theory it was linked to the gold in Fort Knox but now we have a system where dollars mostly rely on politics and schemes of trade like Oil being sold in dollars by foreign countries under protection by USA There is no such theory And there may be no gold in Fort Knox either. The last independent audit of the gold stored there had been carried out around 60 years ago (if I'm not mistaken). I'm surprised to see people here who still naively think that the US dollar is somehow tied to gold reserves that the US holds (even in theory). This de facto wasn't the case right after the Bretton Woods monetary system had been established in 1944, and gold was officially divorced with gold in 1971 at that. So even theoretically we are no longer on the gold standard anymore |
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sergeyzol
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April 02, 2017, 06:36:48 PM |
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Both.
take a Gold for investment in 10-40 years, and using bitcoin for trading and payment in internet, maybe bitcoin can using for investment too.
I agree with you. You do not need to concentrate all your money in one thing. Both methods must be used. This will reduce risks. Gold is more stable than bitcoin. But the cost of bitcoin is dynamic and it gives the possibility of quick earning |
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markj113
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April 02, 2017, 07:09:25 PM |
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There is no such theory
And there may be no gold in Fort Knox either. The last independent audit of the gold stored there had been carried out around 60 years ago (if I'm not mistaken). I'm surprised to see people here who still naively think that the US dollar is somehow tied to gold reserves that the US holds (even in theory). This de facto wasn't the case right after the Bretton Woods monetary system had been established in 1944, and gold was officially divorced with gold in 1971 at that. So even theoretically we are no longer on the gold standard anymore
Also its not just a case of are there any gold bars there its case of how many people hold a claim to each one thats left. |
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v1ryspro
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April 02, 2017, 09:07:57 PM |
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I do not have the opportunity and the desire to buy gold. I do not like it. But I have a great desire to buy bitcoin.
I think that every person, just like me, will choose what he likes
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PokerDiceMan
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April 03, 2017, 12:54:21 AM |
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Both
Yeah they are both significant to me, only the difference in gold there is an assurance in which weekly it will increase unlike in bitcoin it is anonymous, and the volatile was good sometimes and there is a time also that its being reducing the value. what do you mean about gold if assurance in weekly incrase price i think is gold price is very slowly incraese price, is imposible is every week always incraese |
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TribalBob
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Chainjoes.com
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April 03, 2017, 01:08:23 AM |
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I do not have the opportunity and the desire to buy gold. I do not like it. But I have a great desire to buy bitcoin.
I think that every person, just like me, will choose what he likes
The users of bitcoin will prefer to go only for bitcoin as bitcoin allows them an opportunity to earn it so even if you don't have money to buy bitcoins you can always earn them which is not possible with gold as to have gold you have to put your real money in buying it. |
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taxmanmt5
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April 03, 2017, 02:48:07 AM |
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Both
Yeah they are both significant to me, only the difference in gold there is an assurance in which weekly it will increase unlike in bitcoin it is anonymous, and the volatile was good sometimes and there is a time also that its being reducing the value. Gold is old and its value does not increase or decrease much in a day. Also it is somewhat stable and you dont need to worry about it price reduction too quick. Bitcoin investment is for new generation who can afford to take risk and also earn quick. |
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cinchin
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April 03, 2017, 02:57:51 AM |
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Both
Yeah they are both significant to me, only the difference in gold there is an assurance in which weekly it will increase unlike in bitcoin it is anonymous, and the volatile was good sometimes and there is a time also that its being reducing the value. Gold is old and its value does not increase or decrease much in a day. Also it is somewhat stable and you dont need to worry about it price reduction too quick. Bitcoin investment is for new generation who can afford to take risk and also earn quick. - Right, the price of gold is very stable and the profit from it is very low. Bitcoin is the opposite, the profit from it is very high and the price of bitcoin is difficult to stabilize. Investing in both is probably the right choice in the future - However if you want a well-off life, you should choose gold because it is safe and if you want to have a rich life, you should choose Bitcoin because its profit is enormous |
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Cactushrt
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April 03, 2017, 03:37:38 AM |
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I know, that a normal person would choose the gold from the bitcoin, perhaps because they do not know how to unleash the potential bitcoin. but, for those who know it, I am sure, they prefer to take a bitcoin, rather than gold if the same amount.
Those who don't know about bitcoin would probabaly choose gold of course but if they have an idea about bitcoin they will bitcoin over gold because we all know bitcoins are not stable and higher chancr of increasing it's price. |
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Catswold
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April 03, 2017, 03:58:29 AM |
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I know, that a normal person would choose the gold from the bitcoin, perhaps because they do not know how to unleash the potential bitcoin. but, for those who know it, I am sure, they prefer to take a bitcoin, rather than gold if the same amount.
Those who don't know about bitcoin would probabaly choose gold of course but if they have an idea about bitcoin they will bitcoin over gold because we all know bitcoins are not stable and higher chancr of increasing it's price. Yes people who are not aware about bitcoins yet will continue their investments with gold but if they are made aware about bitcoins then they may switch their investments to bitcoin looking at price volatility which can give them best profits in compare to gold. |
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deisik
Legendary
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April 03, 2017, 04:03:13 AM |
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- However if you want a well-off life, you should choose gold because it is safe and if you want to have a rich life, you should choose Bitcoin because its profit is enormous
And how is a well-off life different from a rich life? Apart from that, just choosing gold over Bitcoin (or anything, for the record) won't make you better off. Gold is essentially used to keep your wealth but it can't multiply it in any way. In fact, for the last 40 years gold has been underperfoming and couldn't even surpass dollar inflation (if we evaluate gold appreciation over time in dollar terms). In other words, if you want a well-off life with gold, you should already have such a life before you start buying gold. Buying gold is meaningless unless you are already rich beyond the point of satisfying your basic needs and necessities |
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klf
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April 03, 2017, 04:10:59 AM |
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I know, that a normal person would choose the gold from the bitcoin, perhaps because they do not know how to unleash the potential bitcoin. but, for those who know it, I am sure, they prefer to take a bitcoin, rather than gold if the same amount.
Those who don't know about bitcoin would probabaly choose gold of course but if they have an idea about bitcoin they will bitcoin over gold because we all know bitcoins are not stable and higher chancr of increasing it's price. I know both of them, but still, I prefer to invest more in gold than bitcoins. Because bitcoin prices not only moves faster in upward directly but it can also come down even faster. So I prefer to diversify your funds and want to be safer side. It is not a good thing to keep all your funds in any single product so try to diversify and put in different asset classes. |
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danherbias07
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April 03, 2017, 04:19:37 AM |
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I know, that a normal person would choose the gold from the bitcoin, perhaps because they do not know how to unleash the potential bitcoin. but, for those who know it, I am sure, they prefer to take a bitcoin, rather than gold if the same amount.
Those who don't know about bitcoin would probabaly choose gold of course but if they have an idea about bitcoin they will bitcoin over gold because we all know bitcoins are not stable and higher chancr of increasing it's price. I know both of them, but still, I prefer to invest more in gold than bitcoins. Because bitcoin prices not only moves faster in upward directly but it can also come down even faster. So I prefer to diversify your funds and want to be safer side. It is not a good thing to keep all your funds in any single product so try to diversify and put in different asset classes. That is the wise way to do it. Just making sure of your future and there is nothing bad with that even if this is a bitcoin forum. Just talking real. People want to something that can be touched to believe it exist and gold have that. It will be an easy sell or pawn in times of emergencies or if you lack fiat. I would pick the same thing and go for gold whenever I have the funds to buy some. For now, I will let my bitcoin stay and dont add up. It is getting expensive. |
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Format.C^
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April 03, 2017, 04:51:40 AM |
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I know, that a normal person would choose the gold from the bitcoin, perhaps because they do not know how to unleash the potential bitcoin. but, for those who know it, I am sure, they prefer to take a bitcoin, rather than gold if the same amount.
Those who don't know about bitcoin would probabaly choose gold of course but if they have an idea about bitcoin they will bitcoin over gold because we all know bitcoins are not stable and higher chancr of increasing it's price. I know both of them, but still, I prefer to invest more in gold than bitcoins. Because bitcoin prices not only moves faster in upward directly but it can also come down even faster. So I prefer to diversify your funds and want to be safer side. It is not a good thing to keep all your funds in any single product so try to diversify and put in different asset classes. That is the wise way to do it. Just making sure of your future and there is nothing bad with that even if this is a bitcoin forum. Just talking real. People want to something that can be touched to believe it exist and gold have that. It will be an easy sell or pawn in times of emergencies or if you lack fiat. I would pick the same thing and go for gold whenever I have the funds to buy some. For now, I will let my bitcoin stay and dont add up. It is getting expensive. Buy it before it gets more expensive as I feel this a good price to buy bitcoins as price is expected to go higher and cross $1200 once again so even if I buy now and sell when it crosses that price that it can give me good profits in short term. |
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phr0stbyt3
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April 03, 2017, 04:59:49 AM |
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I will choose bitcoin over gold as to make profits from gold I need to wait for a longer time and price of gold is also stable so holding it too long can be really boring for me as I am very much interested in making quick profits which is possible only with bitcoin.
Gold can't even be called an investment that's what i think because the price is change is really stable and in order for us to double our investment with gold it can take more than 20 years while in bitcoin to double our investment i think the max time would be 2 years. |
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bitbob82
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April 03, 2017, 03:48:47 PM |
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I will choose bitcoin over gold as to make profits from gold I need to wait for a longer time and price of gold is also stable so holding it too long can be really boring for me as I am very much interested in making quick profits which is possible only with bitcoin.
Gold can't even be called an investment that's what i think because the price is change is really stable and in order for us to double our investment with gold it can take more than 20 years while in bitcoin to double our investment i think the max time would be 2 years. i think we can also called it as investment. but the income that we can get from bitcoin is very limited. because we can expect a very little change in the price of bitcoin and we have to wait for a long long time. |
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Rinder
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April 03, 2017, 06:01:34 PM |
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At the current stage and with the possible split of bitcoin i would choose gold to keep my money safe, even knowing bitcoin has much more potencial then gold, but a split now will affect the value of bitcoin, soo as investor i would or wait the split or try gold.
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