botany
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August 06, 2014, 06:27:03 PM |
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And a lot of people would wear jewellery made of it, no matter what.
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leezay
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SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN
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August 06, 2014, 06:38:25 PM |
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The real bubble is fiat currency. All assets class will be lifted by the tide.
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DannyElfman
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August 06, 2014, 06:39:49 PM |
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The real bubble is fiat currency. All assets class will be lifted by the tide.
Bingo! If you look at the M2 and M3 then you see what really is a bubble and what gets bloated!
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This spot for rent.
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giveBTCpls
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August 30, 2014, 09:55:29 PM |
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Still saying BTC is better than gold.
Gold = cant carry it around the world like its nothing BTC = can move money instantly all over the globe
On the classic "oh but if the internet goes down then gold is #1 for sure and BTC is worthless" scenareo, which is unrealistic: IF internet goes down, humanity goes down, thats where we are today, and thats how important the internet is.
On such a scenareo, unfortunately, the guy with the weapons and food wins, not the nice merchant that may want to exchange you some gold for goods.
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btcformat
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August 30, 2014, 10:09:16 PM |
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Between gold and bitcoin I will surely choose the last one, but I would also buy a small percent of the precious metal.
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efreeti
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August 31, 2014, 01:38:33 AM |
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Fiat is in bubble. The reason why gold price, when price in USD is just as volatile as bitcoin.
Someone should plot a bitcoin/gold pair and compare it bitcoin/usd.
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polynesia
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September 04, 2014, 01:00:37 AM |
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Still saying BTC is better than gold.
Gold = cant carry it around the world like its nothing BTC = can move money instantly all over the globe
On the classic "oh but if the internet goes down then gold is #1 for sure and BTC is worthless" scenareo, which is unrealistic: IF internet goes down, humanity goes down, thats where we are today, and thats how important the internet is.
On such a scenareo, unfortunately, the guy with the weapons and food wins, not the nice merchant that may want to exchange you some gold for goods.
The guy with the weapons wins hands down over the guy with the food. Hopefully, we don't reach that scenario
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yunkie
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September 04, 2014, 03:36:35 PM |
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Everything is a bubble, even universe. BTC will grow forever too ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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Timetwister
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September 05, 2014, 11:09:36 AM |
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In one day it lost all the gain from last 2 years, now people will understand why bitcoin is better than gold ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The gold production increased, there are huge amount of gold mined out from china during the last year. But for bitcoin production rate is always fixed Gold inflation is still much lower than bitcoin's. Gold supply is increased only by about 1.5% per year, while for the next years we are still going to have 10% more bitcoins per year: https://bitcointalk.org/index.php?topic=130619.0
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Robert Paulson
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September 05, 2014, 11:36:02 AM |
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In one day it lost all the gain from last 2 years, now people will understand why bitcoin is better than gold ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The gold production increased, there are huge amount of gold mined out from china during the last year. But for bitcoin production rate is always fixed Gold inflation is still much lower than bitcoin's. Gold supply is increased only by about 1.5% per year, while for the next years we are still going to have 10% more bitcoins per year: https://bitcointalk.org/index.php?topic=130619.0yes but the amount of goods and services offered in exchange for bitcoin is growing much faster than 10% per year. http://www.bitcoinpulse.com/ the number of venues accepting bitcoin is increasing at around 1.8% per week for the last 180 days.
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Timetwister
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September 05, 2014, 11:42:53 AM |
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In one day it lost all the gain from last 2 years, now people will understand why bitcoin is better than gold ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The gold production increased, there are huge amount of gold mined out from china during the last year. But for bitcoin production rate is always fixed Gold inflation is still much lower than bitcoin's. Gold supply is increased only by about 1.5% per year, while for the next years we are still going to have 10% more bitcoins per year: https://bitcointalk.org/index.php?topic=130619.0yes but the amount of goods and services offered in exchange for bitcoin is growing much faster than 10% per year. http://www.bitcoinpulse.com/ the number of venues accepting bitcoin is increasing at around 1.8% per week for the last 180 days. That's great, I was just talking about inflation, not about purchasing power. Inflation only has to do with supply, but then we have to consider demand. And I also expect bitcoin demand to keep increasing a lot during the next years.
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NeuroticFish
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September 05, 2014, 11:53:42 AM |
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Gold cannot be a bubble for now. Earth has a limited supply of gold, which sooner or later will be all mined. If we ever get to mine in the outer space, this may change.
Instead, the biggest bubble and scam in history is fiat. Just imagine: some cheap paper or plastic the politicians decide what value it holds. And the value is tied to... actually nothing.
The ones that do inflation and deflation is fiat. ....Just my 5 cents.
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iCrypt
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September 05, 2014, 01:41:16 PM |
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In one day it lost all the gain from last 2 years, now people will understand why bitcoin is better than gold ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The gold production increased, there are huge amount of gold mined out from china during the last year. But for bitcoin production rate is always fixed Gold inflation is still much lower than bitcoin's. Gold supply is increased only by about 1.5% per year, while for the next years we are still going to have 10% more bitcoins per year: https://bitcointalk.org/index.php?topic=130619.0yes but the amount of goods and services offered in exchange for bitcoin is growing much faster than 10% per year. http://www.bitcoinpulse.com/ the number of venues accepting bitcoin is increasing at around 1.8% per week for the last 180 days. Well what happens when the merchants turn their bitcoins into fiat? More fiat would need to flow back into the system from people like you and me.
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johnyj (OP)
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September 05, 2014, 02:52:29 PM Last edit: September 05, 2014, 03:04:36 PM by johnyj |
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In one day it lost all the gain from last 2 years, now people will understand why bitcoin is better than gold ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The gold production increased, there are huge amount of gold mined out from china during the last year. But for bitcoin production rate is always fixed Gold inflation is still much lower than bitcoin's. Gold supply is increased only by about 1.5% per year, while for the next years we are still going to have 10% more bitcoins per year: https://bitcointalk.org/index.php?topic=130619.0Not exactly, you can not measure the inflation by production vs total supply, since most of the gold/coins are hoarded and never goes into circulation, the price is only decided by the daily market supply and demand (otherwise now everything in US should have 4x price since FED has increased the total money supply by 4 fold since 2008, in reality there is almost none inflation because most of those money went into banker's pocket and never circulated) Currently bitcoin has a production rate of 3600 coins a day, that is fixed, no one can change that, even if it jumps in a 10 day period, the difficulty will increase to maintain that rate. But for gold, you can increase the amount of mine around the globe to dig out more and more gold every day. The total gold on earth has a fixed supply, but so far human has only mined a very small percentage of it near the surface of the earth and I doubt that it will continue, since the use of gold is getting less and less, many modern jewelry use sophisticated coating technology that does not depends on gold but provide much better looking Anyway gold's price is mostly decided by the mining cost, but it is not the cost of digging gold rose that high, it is the cost measured in fiat money rose, which means fiat money are losing value quickly
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johnyj (OP)
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September 05, 2014, 03:00:53 PM Last edit: September 05, 2014, 03:37:31 PM by johnyj |
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yes but the amount of goods and services offered in exchange for bitcoin is growing much faster than 10% per year. http://www.bitcoinpulse.com/ the number of venues accepting bitcoin is increasing at around 1.8% per week for the last 180 days. Well what happens when the merchants turn their bitcoins into fiat? More fiat would need to flow back into the system from people like you and me. It is not merchants who turn their bitcoins into fiat, it is bitpay doing this. However bitpay could build up a bitcoin reserve and pay merchants using their own money when exchange rate is low, and sell the bitcoins when exchange rate is high. Or, they could find some large investors and institutions to privately trade without going through an exchange
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zadiume
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September 05, 2014, 04:19:54 PM |
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Find me SOMETHING that isnt a bubble. Its all about when it will pop. And BTC hasn't even started.
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DhaniBoy
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September 05, 2014, 04:31:55 PM |
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tetap saja ada perbedaan antara bitcoin dan emas, dan kedua nya memiliki kelebihan dan kekurangan, sekarang tergantung bagaimana kita mengelola keduanya di dalam kehidupan kita, terutama dalam berbisnis, emas memiiki kelebihan lebih stabil dibanding kan dengan bticoin dan lebih mudah diterima sebagai alat pembayaran, sedang bitcoin hanya tempat tertentu yang menerima bitcoin sebagai alat pembayaran, dan sebelumnya harus di tukar dahulu, tentu saja sangat memerlukan koneksi internet ...
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dadugan
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September 05, 2014, 05:39:45 PM |
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Find me SOMETHING that isnt a bubble. Its all about when it will pop. And BTC hasn't even started.
Fiat currency is in bubble. Market always price real asset at fair value. If there is a buyer for something, then there is a value for it.
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giveBTCpls
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 06, 2014, 11:41:40 PM |
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In one day it lost all the gain from last 2 years, now people will understand why bitcoin is better than gold ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The gold production increased, there are huge amount of gold mined out from china during the last year. But for bitcoin production rate is always fixed Gold inflation is still much lower than bitcoin's. Gold supply is increased only by about 1.5% per year, while for the next years we are still going to have 10% more bitcoins per year: https://bitcointalk.org/index.php?topic=130619.0Not exactly, you can not measure the inflation by production vs total supply, since most of the gold/coins are hoarded and never goes into circulation, the price is only decided by the daily market supply and demand (otherwise now everything in US should have 4x price since FED has increased the total money supply by 4 fold since 2008, in reality there is almost none inflation because most of those money went into banker's pocket and never circulated) Currently bitcoin has a production rate of 3600 coins a day, that is fixed, no one can change that, even if it jumps in a 10 day period, the difficulty will increase to maintain that rate. But for gold, you can increase the amount of mine around the globe to dig out more and more gold every day. The total gold on earth has a fixed supply, but so far human has only mined a very small percentage of it near the surface of the earth and I doubt that it will continue, since the use of gold is getting less and less, many modern jewelry use sophisticated coating technology that does not depends on gold but provide much better looking Anyway gold's price is mostly decided by the mining cost, but it is not the cost of digging gold rose that high, it is the cost measured in fiat money rose, which means fiat money are losing value quickly Yup. And who knows what the total supply of gold can be? We cant know for certain. Any new gold mining discoveries can modify the price, with BTC it's fixed and transparent, whereas we do not know what goes inside the inner circles of top gold mining business, wh ereas everyhing it's clear in the blockchain with BTC.
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