of course I chose gold, gold prices will always increase
yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss Gold is on the verge of a new bull run, just wait and see  |
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The only reason this "Bitcoin or Gold?" thread exists in the first place is because most people consciously or subconsciously view gold as the ultimate store and expression of wealth.
Even though the op is pro bitcoin why choose gold as the other option, why not lead, silver, copper, oil or any other commodity?
Bitcoin could turn out be the investment of a lifetime or it could literally go to zero, its a gamble and nothing more and still a baby at 5 years old.
Gold on the other hand has been considered valuable for 1000's of years and will continue to be valued far in to the future. The price will fluctuate up and down as does everything else in life but it will never reach Zero!
Also the only reason most governments are currently letting bitcoin go unchallenged is because they do not see it as a threat as its still in its infancy.
Control of money = power and if you think the people at the top will let it go easily you are mistaken.
They will either make it illegal or so expensive to use it will never become mainstream.
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Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.
its better to treat gold as an asset and respect what it is, use it in jewelry and to add a look of class and luxury to products. Treating it as a currency rather than an asset might be a really weird thing to do, it'd be like doing the same shit and going back in time. Time for digitization, speed and user friendly currency. Bitcoin exceeds my expectations regarding that  Fiat payment systems like Visa or Mastercard are truly instant, in the majority of cases. Decentralization comes at a cost. But then yes, gold is not for the masses... Wtf are you talking about VISA and Mastercard needs 3 days to clear, and can still be charged back 30 days after. I`d say the TX duration is 30 days then, because until it is not finalized, it is not over. Bitcoin takes 10 min, and with other crypto takes 1 min. Gold cant even be transacted unless via a centralized banking system or if some exchanges setup gold transfer functions (i think i saw on a report a guy who worked on a centralized gold payment system) But still even if they do it, it will be the same as the current SWIFT, except with gold. In the UK we have the "faster payments" systems, bank transfers and payments by card etc. only take a few seconds to clear. |
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buy 2 X 1kg gold bars and post them  |
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about to order one of these beauties
edit : just noticed they are sold out of batch 1
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maybe Bitcoin Crash Gold..because user bicoin is so many people right now
please refer to post #109 |
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I went with bitmaintech's new hashnest offering instead
I got 10th for 6.66 btc.
Frankly I rather have this unit but the wife would kill me.
The price is good 2375 usd for 7.7 th
with shipping to usa 2473.37 keeps under that 2500 barrier. (thank you)
As for my choice of 10th for 6.66 btc
bitmaintech has sold 10,514 1th contracts for PACMIC v3 in the last 20 hours
that is about 7000 btc in sales.
It would be interesting to see what turns out to be the better buy.
considering trying this out myself, be interesting to see how it plays out |
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Also if bitcoin is causing the price of gold to drop then surely this huge influx of new money would be causing the price of bitcoin to go parabolic instead of downwards.
Bitcoin price hasn't been 'going downwards' for quite a few months now. And it does indeed appear to be rising on a parabolic curve. I think your idea of parabolic growth is different to everyone elses -  |
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I think more people treat bitcoin as a commodity than a currency, the HODL squad that wont sell come hell or high water until it reaches $10k a bitcoin + the speculation forum here etc.
How many hours do people here stare at the bitcoin/currency charts - bet they dont do that with the cash in their pocket.
Spending BTC as an alternative to cash is still a novelty rather a day to day occurrence for most people
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A pump and dump that has occurred since the dawn of mankind then because thats how long gold has been idolized lol Why the price of bitcoin - if mining costs are irrelevant then? If apart from jewelry,electronics,dentistry, etc uses, only central bank & other institutionals hoard it with some gold bugs, it makes it look like a scam.
Also sound like the "what have the romans ever done for us" speach from monty python Most people will only use bitcoin to make cheap online transfers and there are multiple alternatives. The only reason so many people here buy bitcoin because they have the belief it will go "to the moon" when the rest of the world jumps in and it becomes mainstream. |
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@ RealBitcoin, wrong again -  Ah c`mon thats a tiny percentage, it's like saying that bitcoin faucets drive the bitcoin economy (when its obvious that the venture capitalists & startups do).  They put a few miligrams of gold in each chip which is tiny tiny and insignificant. 7% of gold market cap is far from tiny an makes bitcoin's total cap look insignifanctGold has only 1 major use, jewelry, which will stay for long term, but that factor is severely overhyped. Gold could be much much lower if CB weren't hoarding it, because jewelry users dont really care about gold price, they care about appearance. 51% of gold market cap with demand spread over the globeThey dont care if gold is 1$ or 1000$, just like if you put a string around your neck with some emblem on it, it maybe cost you 5$ for that amulet, but its only for appearance, not for investing purposes. Apart from CB hoarding and a few gold bugs, not many other guys are interested in investing. So thats like <1% of the population (not a good trend guys!) suggest you check the above chart - wrong again.
And if you think in the % of the population interested in gold is insignificant what is the % interested in Bitcoin, 0.000000000001% ?
What people spend on gold teeth is worth more than the total market cap of bitcoin lol Alright then I was a bit wrong, so that gives intrinsic value to gold, splendid. Gold has many unique properties, it never rusts, never tarnishes, resistant to acid, its the most malleable metal, good conductor of heat and electricity, good at reflecting I/R radiation, created during a super nova explosion. All the gold ever mined would fit inside an average 4 bedroom house.However I still disagree with the gold price. If that is all what gives value to gold, then perhaps gold should be = to silver. Sustainable gold price for mining -  Why? Because silver fulfills the exact same demands as gold, yet silver has a considerably lower price. There are 10 billion ounces of gold and 66 billion ounces of silver, so following your logic GOLD should be: SILVER PRICE * 6.6 = 15.38* 6.6 =101.58 $ / troy ounce (and that is only if the silver price is not overspeculated as well, which it is) Silver is thought to be 17.6 X as abundant as gold in the earths crustAnd its 1100$ due to cental bank hoarding, so it seems to me as if, only the hoarding and speculative bubble gives this extra boost to gold. So roughly, the speculators in both commodities have drove the price really up, and they don't really make any sense. However I still disagree with the gold price. If that is all what gives value to gold, then perhaps gold should be = to silver.
Why? Because silver fulfills the exact same demands as gold, yet silver has a considerably lower price.
Why is bitcoin better than any other alt coin eg. litecoin?
they perform the same function at a considerably lower price - just because the people say so? Is because people are hoarding |
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@ RealBitcoin, wrong again - Ah c`mon thats a tiny percentage, it's like saying that bitcoin faucets drive the bitcoin economy (when its obvious that the venture capitalists & startups do). They put a few miligrams of gold in each chip which is tiny tiny and insignificant. 7% of gold market cap is far from tiny an makes bitcoin's total cap look insignifanctGold has only 1 major use, jewelry, which will stay for long term, but that factor is severely overhyped. Gold could be much much lower if CB weren't hoarding it, because jewelry users dont really care about gold price, they care about appearance. 51% of gold market cap with demand spread over the globeThey dont care if gold is 1$ or 1000$, just like if you put a string around your neck with some emblem on it, it maybe cost you 5$ for that amulet, but its only for appearance, not for investing purposes. Apart from CB hoarding and a few gold bugs, not many other guys are interested in investing. So thats like <1% of the population (not a good trend guys!) suggest you check the above chart - wrong again.
And if you think in the % of the population interested in gold is insignificant what is the % interested in Bitcoin, 0.000000000001% ?
What people spend on gold teeth is worth more than the total market cap of bitcoin lol |
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At last a well balanced and considered post |
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it could easily, and bitcoin has already done this, go to the "Gold collapsing , Bitcoin up" thread in speculation board, also seeing how gold is falling hard this time will be even more brutal, the distance that bitcoin will take with the next mega pump, will be bigger
You obviously have no concept of market cap, Bitcoin is a small drop in the ocean of total gold market cap. Also if bitcoin is causing the price of gold to drop then surely this huge influx of new money would be causing the price of bitcoin to go parabolic instead of downwards. There is only one reason why the price of gold is going down at the moment and that is the paper games being played to suppress the price of gold to enable china to accumulate a few more tonnes at a lower price. We will see a significant increase in gold price in the not too distant future! This chart really highlights your point of how bitcoin is currently causing the price of gold to crash   |
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Till few weeks ago I was thinking Bitcoin is the best way to keep your savings.I would say now Gold is Gold and always will remain same but some part of the savings should be converted in Bitcoins too.It is always advised to not keep all the eggs in one bucket.
what made you change your mind regarding best method for keeping savings ? Same to me as SFR10, but I'm not sure if for the same reasons. If you follow the max block size debate you will realize that bitcoin faces some serious limits when it comes to scalability. You can't have mass adoption without compromising decentralization. One needs digital storage and bandwitdh to be part of the bitcoin system. The increase in storage and bandwith requirements are reasonably proportional to the number of transactions processed by the network. Those guys agresively advocating for a hard fork to increase the max block size made me very worried about the future of the system. Ultimately, bitcoin is a human creation and it will fail eventually. Gold will survive. So, it's much safer to choose gold instead of bitcoin. But personally I'm choosing none of them. Gold is a barbarous relic used by savage bearded barbarians in the Middle East and is not legal tender around here, and you are probably a dubious citizen if you hold it. Central banks are holding it just to show off to each other. And yet gold and other precious metals are all used more and more in our societies state of the art cutting edge technology such as CPU's, solar cells, CAT's, space craft and satellites. If precious metals did not exist I wonder if you would even been able to make that post on computer over the internet. You sound like another one of the sheeple that has swallowed the propaganda while the people at the top accumulate gold at an ever increasing rate just waiting to hit the big reset button. |
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Great idea, we can call it "tickethome coin" The coins are only redeemable for 1 way air tickets with an airline of their choice "Come in free shitcoins for everyone!" |
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yes, dud.
gold is unlimited all over the universe, divided up to a particle.
bitcoin could only be divided as low as 1 out of 100 million and very limited as 21 million.
I think your completely wrong because according to some study (Goldman Sachs) in another 20 to 30 years, the world may run out of minable gold. Mining output has been fairly flat for these years and also new discoveries of gold mines have been very less in these days. So do not compare gold with bitcoins. If you have power then you can start mining bitcoins but gold is something completely natural so once finish it is gone for forever. Yes gold will be finished on earth, some day. Scientists have found many precious metals on asteroids and are working on methods to extract those metals from asteroids or capture them and bring them to earth. First quantum computers are already functional - in the future all encryption will become useless killing bitcoin. I would put money on scenario B happening before scenario A |
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Before everyone rushes in. I am not the original owner of this account and I do not know what happened to your bitcoin. I was given this account by another forum member whom the original owner left the login details with.
I am not sure what use a person would have for this account other than for trolling purposes but I figured I would throw it out there.
I am not sure what to ask for the account really as I do not know how to value something like this so I am going to put a price of
2BTC or best offer
Escrow is manditory as this account was a known scammer and I do not want to get ripped off by any of his old victims.
Well that sounds like a bullshit story. Sounds like you all out of wood lol Try asking 0.0000002 BTC for it and it may sell just so it can binned forever. |
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Hey, where is my test unit?  you really need to ask that question? The same place as my and everyone else's test unit, stuck in make believe scam land. Does have to go down as the most pointless scam attempt in bitcointalk history where the scammer offers to give the goods away. At least a self respecting scammer tries to get paid |
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