241
|
Economy / Goods / Re: Auromoney - Buy Gold using Bitcoin
|
on: March 30, 2018, 05:15:17 PM
|
Always concerns me when these companies dont even have a telephone contact number on their site.
Is the address you list on your website a virtual office?
Kemp House 152 – 160 City Road London, EC1V 2NX United Kingdom
|
|
|
244
|
Economy / Economics / Re: Bitcoin or gold?
|
on: March 27, 2018, 11:39:23 AM
|
One key factor where Bitcoin truly shines is its rarity. While gold is rare, Bitcoin is much rare because there is a limited amount of it that can come into existence. The software stops producing beyond that limit. This is crucial to understand because whenever supply is restricted, and demand is high, price goes up. This is economics 101. The higher the demand and the lower the supply, the higher the price will become.
Is a hard limit on something infinitely divisible really rare? It just depends what price you apply to a single satoshi (or lower if the code is changed to 16 decimal places for example) Instead of just printing fiat to infinity you can just add more decimal places to bitcoin to achieve the same goal.
|
|
|
245
|
Economy / Economics / Re: Cashless society
|
on: March 26, 2018, 05:50:47 PM
|
Cashless society means that each and every person should be able to use the cryotocurrencies.But this is not possible as only a small percentage of people use cryptocurrencies only.
Why does everyone think cashless = Crypto? Currently my job makes payment direct into my bank account. I pay bills and make purchases with a debit card. No cash used, no crypto used but still cashless.
|
|
|
246
|
Bitcoin / Bitcoin Discussion / Re: is Bitcoin a pyramid scheme?
|
on: March 25, 2018, 06:31:42 PM
|
Bitcoin is the opposite of a pyramid scheme from the point of view of Bitcoin miners. The Bitcoin protocol is designed like a cannibalistic arms race. Every additional miner prompts the protocol to increase the difficulty of mining. From a social point of view, Bitcoin is a pure market. The price of Bitcoins fluctuates based on market supply, demand, and perceived value.
I think the market is more manipulated than most people realise. Exchange bots and a few large players dictate the price by creating fake supply/demand.
|
|
|
248
|
Economy / Economics / Re: Holdings of gold vs Holdings of btc
|
on: March 25, 2018, 02:02:51 PM
|
You also need to factor in risk too.
Bitcoin is probably one the most volatile and high risk investments out there. Gold is more stable and will preserve wealth over a long term.
As I have said previously I wouldn't invest my pension fund in bitcoin as it could go to zero.
|
|
|
249
|
Economy / Economics / Re: Bitcoin vs. Gold Prices
|
on: March 25, 2018, 01:07:44 PM
|
Yes, gold is not interested investors, bitcoin has attracted many investors. Its price fluctuates so much so many people invest in bitcoin. The return on investment in bitcoin will be more when investing in gold
If gold does not attract investors then why is bitcoin only about 0.1% of golds market cap?
|
|
|
250
|
Other / Politics & Society / Re: why are rape cases increasing ?
|
on: March 24, 2018, 08:54:01 PM
|
Due to uncontrolled mass immigration.
A certain group seems to have a cultural issue with gang grooming children and raping them.
The truth is politically incorrect at the present time though.
|
|
|
254
|
Other / Serious discussion / Re: Will gold and silver coins return as currency?
|
on: March 21, 2018, 12:39:37 PM
|
Why would they? World economics moved on from the gold standard, didnt it?
And what happened to world debt right after. There is a reason china and russia are accumulating gold & silver and ever increasing rates. Sooner or later they will lauch precious metal backed currencies that will cripple the dollar.
|
|
|
255
|
Economy / Collectibles / Re: Real pirate treasure - Gold Doubloons from the 1500's
|
on: March 21, 2018, 07:51:01 AM
|
awesome collection. Do you buy precious metals for investment purposes or just for collecting? I'm curious where the best place to buy precious metals are with the exception of places like Apmex and Ebay.
I am in the UK and usually buy gold from Hatton Garden Metals, Atkinsons, Baird&Co. For silver I use a Belgium dealer - goldsilver.be as we get with 20% VAT on silver in the UK. I buy mainly as an investment so its gold as close to spot as possible e.g. Krugerannds, Britannias, bars. After I hit a decend amount of OZ's I then started buying a few collecable pieces to keep things interesting like the Doubloons, proof 1oz gold Queens Beasts series, and the Pistrucci sovereign set.
|
|
|
260
|
Alternate cryptocurrencies / Speculation (Altcoins) / Re: decentralized exchanges
|
on: March 18, 2018, 12:41:04 PM
|
I do not recommend the use of decentralized exchanges. They are less secure, because you need to enter private keys, and you can get to the phishing site.
So how many decentralized exchanges have comprimised compared to centralised ones? Barterdex is secure and you do not need to expose your private keys. If you are stupid enough to fall for a phishing scam you can just as easily hand over your username and password to a centralised exchange.
|
|
|
|