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Doesnt that lead to hyper inflation eventually though?
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bitcoin can survive even without internet or without computer, you simply cannot spend it anymore, but it's not dead, as long as you have your key it remain there yes there is the problem of network vulnerability, but as soon as the miners can return operative, everything will be adjusted That will come in handy when you need to buy goods and food. |
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Now i prefer Bitcoin!! so Why would anyone sell their bitcoin for bad value gold?
The problem with gold, is there is no way to test it's authenticity, there are dozens of websites selling gold coins that look, weight and measure the same size as they coins they counterfeit. You can't use acid to test them because the outside of the fakes are made from real gold
1) You stick to well known bullion dealers 2) Although some coins/bars contain a tungsten core they are not the same weight and size as that would be impossible. 3) Copies range from piss to poor to not bad but the detail never matches the real thing 4) Gold can easily be tested using non destructive methods such as XRF testing 5) Why is gold bad value? Russia, China and a lot of central banks dont seem to think so as they are buying it as quickly as possible. Another good example of someone that knows nothing about gold spurting incorrect facts. |
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About time too.
Why should the US hold reserve currency status and China not when the US owes China a few trillion $
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Bump, any update on this month's promised payment.
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Gold is a metal not a mineral.
Yes bitcoin is code, but whatever encryption man can make another man can break.
Gold has no third party risk. You hold it and its yours, what you class as a weakness is in fact a strength.
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Gold is not so popular due to many factors, except may be in Switzerland bank sector  But many private investors are keeping their assets in gold anyway Really, do the words "market cap" mean anything to you. 10.9bn ounces of gold are traded daily worth $15,200bn Do you or family own any gold jewellers, have any electronic devices - contain gold. So many clueless people spouting crap about gold that know nothing about the subject it makes my head hurt  If bitcoin had 5% the market that gold has there would be a lot of very rich individuals on this forum. |
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What are you talking about, gold demand has surged with Russia an China hoarding the stuff  See how the withdrawal rate has caught up with production rate, can only mean 1 thing for the price sooner or later-  If they are overleveraged and if they will default soon, then you could see a massive sellof of the ponzi cerfificates, which can further put down pressure on gold. If the ponzi cerficiate holders start selling their instruments (not necessarly cashout, because they cant), and the Russian CB or Chines CB buys up them extra cheap, then thats 1 thing. But the gold price can still go significantly lower than what it is now. I expect even to go below 400$, before it rallies again. On the other hand, bitcoin is pretty much at a bottom, and it will likely rise at next halving. Want to put your money where your mouth is? I would happily place a bet with funds held in Escrow that gold will not fall below $400, that is significantly below production costs. |
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Comex actually leveraged gold 250:1
Silver may have more upside potential than gold but unfortunately in the UK have 20% tax on it. I know you can buy from Germany with lower taxes but premiums are still high.
Sticking with britannias and sovereigns at 4% over spot.
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Very good. These data are very known by everyone which follow bitcoin. No one can deny that bitcoin is volatile. But with my charts and with my words i wanted to tell that this year bitcoin was almost stable (new thing for it) while the price of gold (not only for the last year but for about four year and half) is decreasing. Gold has lost some 30% of its value in the last 5 years, and on the other hand Bitcoin has lost 85% of its value in less than 24 months time. You can't compare a 6% per year decline with a 45% per year decline. And also, the prices might be stable but the trade volume is still declining steeply. The adoption has stagnated as well. But bitcoin adoption hasnt, there are many people from Europe nowadays that are joining bitcoin: Slovenia, Czech Republic,Estonia, Hong Kong, etc. https://www.google.com/trends/explore#q=BitcoinWhat are you talking about, gold demand has surged with Russia an China hoarding the stuff See how the withdrawal rate has caught up with production rate, can only mean 1 thing for the price sooner or later- |
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I flagged these guys up as suspicious from day one when they arrived here.
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America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure) Thats $60,000 debt for every man, woman and child in the country. Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day   |
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im trying to be honest, i would choose the gold compared to bitcoin, but making physical bitcoin from a gold aren't a bad idea
Custom made gold physical bitcoins cost a large premium over the gold price although Casascius coins have made a nice return. A better option is to keep bitcoin digital and gold physical and get low premium gold (you'll end up with a lot more gold for your money) |
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Gold has stability value, bitcoin its more volatile. Bitcoin needs more stability if it wants to become as popular as gold.
I think you need to rethink your data and opinion about the price of gold and the price and volatility of bitcoin in time. Below are the charts of price of bitcoin this year (which as you can see is almost stable) and the price of gold the last 5 years (which is decreased the last four years and half). It is not the first time that I give these charts but I see again and again people not informed. So needed to publish those again. Bitcoin:  Gold:  Now show the bitcoin all time high price compared to todays price for comparison like you did for gold -  |
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May be worth you pre-installing bitcoincore wallet.
Would save people a 50+ gig blockchain download that may be attractive (they can just remove the wallet.dat to generate a new one for security)
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Seems like a lot of people keep posting statements and facts about gold even though they have never owned any or have a clue how buying/selling works.
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