We all are aware that not every gold can be dugged out from the whole world so it is not fixed the limit of the gold we can have. But i am thinking about bitcoin standard rather than gold standard as 21 million bitcoin is the maximum that can be dugged out.  Yes but numbers are infinitly divisible so there for there is a limitless supply of bitcoin! Adopting Gold would mean adopting monetary discipline, so for that reason alone it will never happen. We would sooner burn in the sulphurous pits of hell than live frugally.
Gold standard would be an anachronism, like those quaint Amish people with horses and buggies  Nothing to do with frugality. Because the current system has worked out so well lol. |
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China's turn next?  |
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Makes me wonder why Russia and China are litterally buying gold by tonnes every month all the while the West sells it for fiat.
Gold backed Yuan in the not too distant future maybe?
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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  |
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i bet it will not return ever to its original peak, 2k per ounce, small correction and little pump here and there are normal
there are manipulators everywhere even in the gold market with its 7T marketcap
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. |
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Gold is off to good start in 2016, end of the bear market?  |
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gold is way better than bitcoin to be honest, i think that i would choose it over gold because bitcoin is a better investment than gold i think
Investing in bitcoin is real venture investment and in my opinion it is in venture capital family, however Gold did not have good months generally speaking and it has a lot of decreasing of price. Yes investing in bitcoin is always a smart option but i don't think gold's value will ever decrease there might be slight downfall but again it comes back to its stable price with a hike You never know what happens with the price of gold. If somehow a huge load of new gold is being found somewhere in the world, then it will heavily affect the price of gold. Gold has basically an endless supply. That's the risk. If you are suggesting gold is more volatile and risky than bitcoin then you are retarded. Bitcoin could go to literally zero value like many other altcoins. Gold will never be valued at zero! Gold does not have an infinite supply, bitcoin does as its just digits on a screen which are infinitly divisible. actually no bitcoin can not go to zero like other altcoin, other altcoin go to zero because they are a simple copy paste, bitcoin is different is the first, the one that have initiated the crypto scene, it will never die, in the worst case it will remain a niche market with a bad value also i can argue that gold has a infinite supply(other planet have high chances to have gold), why bitcoin is at least hard limted on the code, you can not change it at will even if infinite divisible Its a lot easier for a few devs to change a couple of lines a code than it is to develop, build, launch and return deep space mining spacecraft all the while making it cost effective  Example : https://bitcointalk.org/index.php?topic=1353105.new;boardseen#new |
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gold is way better than bitcoin to be honest, i think that i would choose it over gold because bitcoin is a better investment than gold i think
Investing in bitcoin is real venture investment and in my opinion it is in venture capital family, however Gold did not have good months generally speaking and it has a lot of decreasing of price. Yes investing in bitcoin is always a smart option but i don't think gold's value will ever decrease there might be slight downfall but again it comes back to its stable price with a hike You never know what happens with the price of gold. If somehow a huge load of new gold is being found somewhere in the world, then it will heavily affect the price of gold. Gold has basically an endless supply. That's the risk. If you are suggesting gold is more volatile and risky than bitcoin then you are retarded. Bitcoin could go to literally zero value like many other altcoins. Gold will never be valued at zero! Gold does not have an infinite supply, bitcoin does as its just digits on a screen which are infinitly divisible. |
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This is a topic that is never going to die I don't think. I stand strong with my decision, Gold, Silver and Bitcoin. My preference. To each their own.
Agree, I put my money where my mouth is and happy with my decision. |
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Gold is better as a long term investment with very low profit probability and mainly as a form of saving money, BTC is a very high risk investment and probability of making profit is high but probability of losing the invested money is high as well.
Low profit? I don't even know if you can call it profit at such amount... Gold is not something for profits, it's something for stocking value with a very low risk. But if you want to "invest" in something God everything is better than gold xD Gold is up 8% this year to date |
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Escrow works like this :
1)You send funds to escrow.
2)buyer sends you payment.
3)You validate/cash out payment.
4)When happy you inform Escrow to release the bitcoin to the buyer.
Any problems i.e non payment or some dodgy scam attempt then the Escrow will return the bitcoin to you.
Hence Escrow gives you some safety when trading with strangers online.
In this case the escrow would have to use TV to watch the code get claimed... the buyer can say anything he wants to the escrow or am i missing something? So the buyer would have to trust aftergeometry not to scam him. Got to be a way to check |
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Why do most scammers all claim to have been in business for years  and no Escrow |
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Escrow works like this :
1)You send funds to escrow.
2)buyer sends you payment.
3)You validate/cash out payment.
4)When happy you inform Escrow to release the bitcoin to the buyer.
Any problems i.e non payment or some dodgy scam attempt then the Escrow will return the bitcoin to you.
Hence Escrow gives you some safety when trading with strangers online.
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Cant go on forever, just a case of when and not if the house of cards will fall.
Seems pretty obvious things are starting to move away from petrodollar and the US is starting to loose control.
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$1B :  $1T (imaging that pile of cash multiplied by 19!)  |
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Congrats to the US, you have just crossed over the $19 trillion debt mark. Obama is really working out great for you guys, easy to see how he got a second term  |
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stinks of a scammer.
1) Tries to get users off site and on to skype - Red flag
2) Wont (cant) sign a message from the address holding the bitcoin - Red flag.
3) Claims to be not used to forum but has been a member for over a year - Bought account? - Red flag.
If you send anything to this guy first without Escrow then you deserve to loose it.
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