Yeah, bitcoin is good when it comes to short term as it allows you to make some good profits in a quick time, while gold is time consuming, you need to have patience to earn profits from gold as it is not as volatile as bitcoins.

No one has a crystal ball, plus everything will beat its all time high given enough time (although not in real terms)

You can just as easily say bitcoin will never ever return to its original peak and go to zero and the big exchanges and whales manipulate the bitcoin market.

The economic crisis is just warming up and the cash is flowing into gold driving the price up while at the same time the same cannot be said for Bitcoin with its  price dropping.  I wouldnt call a 8% gain in gold price a small pump, I think most investors considering current interst rates would bite your hand off for it.

The only thing everyone is clinging on to in bitcoin land is the halving with the bag holders praying the price will skyrocket so they can dump their holdings, not exactly a good basis for growth going forward.

The biggest mistake people here make is to develop an emotional attachment to bitcoin.  For me bitcoin and gold are just tools to increase my wealth.  I would dump every last satoshi or g of gold when the price I have set in my mind is met.

so should you buying when you are nearer the top as you are stating with bitcoin or nearer the bottom as in gold.

peak gold price was only 4 1/2 years ago.

I predict a bitcoin pump pre halving then the price will fall off a cliff when people realise that nothing has changed and bitcoin has stagnated.  I reckon around $280.

Mass adoption has not occured and there is more and more talk about regulation in Europe, when exchanges start to close and people loose their bank accounts for trading bitcoin it will harm the price.

As stated previously, no one has a crystal ball so we just have to sit back and enjoy the ride

summer 2011

http://goldprice.org/gold-price-history.html

if you're very rich it's kinda pointless to invest in gold anyway, i would do lower % in gold just to have my money in case of something wrong

and i would bet the rest in bitcoin, for the long term target

Rich people don't invest in gold but rather prefer diamonds or platinum. Else they just buy gold in the form of ornaments.

There are hardly many bitcoin users now and hence we can't even compare them with the users whom own gold as I guess there must not be any household which doesn't own gold or small ounces of gold.


For me, I prefer buying gold more than BTC as the former one holds more value than the later.

I'm an Indian. We store gold in bank lockers and some in the house. Most of them are in the form of jewelry while some have gold coins/blocks which they keep safely at home only (it's unsafe though). They buy gold from dealers.


Earlier when egold was an option, many preferred that method rather than physical gold but with bitcoins it's easier to collect and store the coins but there is no physical coins which is why it is not considered by many.

Yeah, as gold requires investment at initial stage and everyone cannot afford to do that, but with bitcoins there is a little investment and if you have talent to grow your bitcoins then you can get rich very soon.

Mining those diamonds is best deal ever!
If you have your miners and full equipment..Not to mention guards with guns..
Diamonds are only for extremely rich people..

That is not important. Now the heyday of gold. already finished. bitcoin will replace the golden age. era has changed. Now we think of when the peak time of bitcoin