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    Author Topic: Bitcoin or gold?  (Read 984566 times)

    • Scream
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    October 02, 2015, 04:08:51 AM
     #1341
    Quote from: apriyani420 on October 01, 2015, 07:29:52 PM
    i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

    what your goal? when you will sell your bitcoin Smiley
    Bitcoin is good for Short investmen 10-20 year not for long like Gold,

  • jaysabi
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    October 02, 2015, 04:18:56 AM
     #1342
    Quote from: Scream on October 02, 2015, 04:08:51 AM
    Quote from: apriyani420 on October 01, 2015, 07:29:52 PM
    i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

    what your goal? when you will sell your bitcoin Smiley
    Bitcoin is good for Short investmen 10-20 year not for long like Gold,

    Gold doesn't seem to be a very good long term investment. It mostly just serves as a hedge against inflation long term, whereas stocks return more because they're based on profit production of the underlying businesses.

  • jaysabi
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    October 02, 2015, 05:01:58 AM
     #1343
    Quote from: jaysabi on October 02, 2015, 04:18:56 AM
    Quote from: Scream on October 02, 2015, 04:08:51 AM
    Quote from: apriyani420 on October 01, 2015, 07:29:52 PM
    i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

    what your goal? when you will sell your bitcoin Smiley
    Bitcoin is good for Short investmen 10-20 year not for long like Gold,

    Gold doesn't seem to be a very good long term investment. It mostly just serves as a hedge against inflation long term, whereas stocks return more because they're based on profit production of the underlying businesses.

    To clarify: gold maintains value, stocks produce value. Depending on your investment objectives, gold may or may not be a suitable "investment," but for my liking, I'll take assets that produce income, and gold doesn't do that.

  • Scream
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    October 02, 2015, 06:01:01 AM
     #1344
    Quote from: jaysabi on October 02, 2015, 04:18:56 AM
    Quote from: Scream on October 02, 2015, 04:08:51 AM
    Quote from: apriyani420 on October 01, 2015, 07:29:52 PM
    i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

    what your goal? when you will sell your bitcoin Smiley
    Bitcoin is good for Short investmen 10-20 year not for long like Gold,

    Gold doesn't seem to be a very good long term investment. It mostly just serves as a hedge against inflation long term, whereas stocks return more because they're based on profit production of the underlying businesses.

    basically stock is profit from company,
    if the company go bankrupt you lose your money, but gold is precious objects you never get lose your money

  • futurebit640
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    October 02, 2015, 06:16:37 AM
     #1345
    Quote from: Scream on October 02, 2015, 04:08:51 AM
    Quote from: apriyani420 on October 01, 2015, 07:29:52 PM
    i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

    what your goal? when you will sell your bitcoin Smiley
    Bitcoin is good for Short investmen 10-20 year not for long like Gold,

    Firstly 10 to 20 years time is not short term but it is already very long term. May I know according to you what is the long term period?

    Quote from: Scream on October 02, 2015, 06:01:01 AM
    Quote from: jaysabi on October 02, 2015, 04:18:56 AM
    Quote from: Scream on October 02, 2015, 04:08:51 AM
    Quote from: apriyani420 on October 01, 2015, 07:29:52 PM
    i choose bitcoin for investing and not gold even though bitcoin price is fluctuating much more i believe that its price can reach new heights in the near future

    what your goal? when you will sell your bitcoin Smiley
    Bitcoin is good for Short investmen 10-20 year not for long like Gold,

    Gold doesn't seem to be a very good long term investment. It mostly just serves as a hedge against inflation long term, whereas stocks return more because they're based on profit production of the underlying businesses.

    basically stock is profit from company,
    if the company go bankrupt you lose your money, but gold is precious objects you never get lose your money

    If one want to make a some profits from the investments then they have to take some investment risks otherwise their money will not grow much. Yes gold is used as a hedge against inflation and in the long run you can make good profits.

  • Scream
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    October 02, 2015, 06:45:55 AM
     #1346
    Firstly 10 to 20 years time is not short term but it is already very long term. May I know according to you what is the long term period?

    i think long term is 30-40years
    10-20 is short-midle range

  • operrajunk74
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    October 07, 2015, 07:29:18 PM
     #1347
    I think gold is better than Bitcoin. Entire world is using and investing in gold from the ages but bitcoin is limited to the group of people only. its difficult to deal in bitcoin for your daily transactions as its not accepted universally. On other hand people have more trust on gold as anyone can buy, sell the gold easily. Credibility of bitcoin is less as compared to gold, so go for gold.

  • jt byte
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    October 07, 2015, 08:13:20 PM
     #1348
    Gold has the popularity much more than bitcoin.
    It is being used in every sphere of our lives like Gold in Electronics(in Computers)
    In Olympic awards, and mostly it is used in jewelry which makes it more popular that bitcoin, so gold is much more perspective than bitcoin to invest in.

  • thecurve02
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    October 07, 2015, 08:39:11 PM
     #1349
    GOLD all the wayyyy

  • Nami
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    October 07, 2015, 11:59:24 PM
     #1350
    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 is very established for the past centuries and has a lot of factories and manufacturers today.
    But the thing is gold is pretty pricey and not everyone can purchase it so better choose bitcoins.

  • Nocturne
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    October 08, 2015, 12:28:53 AM
     #1351
    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.

    I would definitely choose bitcoins because they may have the same value with gold but it is less expensive.

  • Nidaleee
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    October 08, 2015, 01:19:16 AM
     #1352
    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.

    I would choose bitcoin because its safe to carry around whereas gold you can bring it anywhere should have a safe place to keep it away from thieves and all.

  • Nautiluss
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    October 08, 2015, 02:05:16 AM
     #1353
    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.

    I would probably choose gold because it is already stable in the past years and risking for bitcoins is so too much of a risk.

  • Nasus
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    October 08, 2015, 02:39:04 AM
     #1354
    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.

    I would choose bitcoin because it is not to expensive and the value of it will rise in the future although gold is a good investment for the future.

  • TheGr33k
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    October 08, 2015, 02:48:20 AM
     #1355
    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.

    If I had to choose between the two I would put my money on bitcoin because gold has pretty much solidified it's place in the market so I doubt it would be fundamentally different in 10-years. I'm young enough to recover from any loss I experience, but the profits could be extraordinary.

  • klf
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    October 08, 2015, 02:59:56 AM
     #1356
    Quote from: Nautiluss on October 08, 2015, 02:05:16 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.

    I would probably choose gold because it is already stable in the past years and risking for bitcoins is so too much of a risk.

    Yes I also choose gold because gold has proven over many decades gold is giving good returns over the time so it quite safe to invest in gold if one do not want to take more risks. However gold also has a risk but compared to bitcoins the prices will not fluctuate so much

  • arnav95
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    October 08, 2015, 04:54:48 AM
     #1357
    Well actually gold is overvalued due to manipulation and jewelry. If people did not like gold jewelry it would start going down. I guess one of the real usages are in electronics.
    I'd actually buy more Bitcoin that gold if I was investing. I'd buy both, but Bitcoin has potential to rise much higher than gold does.

  • WizKhalifa
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    October 08, 2015, 05:04:00 AM
     #1358
    both

  • roadbits
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    October 08, 2015, 05:55:48 AM
     #1359
    Quote from: arnav95 on October 08, 2015, 04:54:48 AM
    Well actually gold is overvalued due to manipulation and jewelry. If people did not like gold jewelry it would start going down. I guess one of the real usages are in electronics.
    I'd actually buy more Bitcoin that gold if I was investing. I'd buy both, but Bitcoin has potential to rise much higher than gold does.

    Bitcoins are high risk and high reward investment but if any one do not want to take more risks then can choose gold because gold price moves quite slow surely over the time it will give profits but less. Bitcoins are still growing so got more chances of growing faster compared to gold

  • TheGr33k
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    October 08, 2015, 05:56:41 AM
     #1360
    Quote from: WizKhalifa on October 08, 2015, 05:04:00 AM
    both

    It doesn't seem very fair to completely blow past the direct question that OP presents.. He's asking specifically, if you could not choose both and had to make an explicit decision between the two which would it be?
    I don't mean to be rude, but "both" has already been said about 50 times and it stopped being funny the second time Cheesy Give OP a fair response after reading his question thoroughly because otherwise it just comes across as rude and lazy.
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