Bitcoin Forum
May 05, 2024, 01:57:38 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: A Question As Old As Bitcoin  (Read 1663 times)
bitkilo
Legendary
*
Offline Offline

Activity: 1638
Merit: 1010


https://www.bitcoin.com/


View Profile WWW
March 24, 2015, 06:40:46 AM
 #21

Bitcoin has the chance of dropping to 0, while gold dont. Right or wrong?

Wrong. Bitcoin Will never go to 0. It will always have value even as a collectors token because of the historical significance. (Confederate dollars also don't have a 0 value either BTW, even despised currency that is obsolete like
Zimbabwe dollar has value- http://www.ebay.com/itm/Zimbabwe-50-Trillion-Dollars-Series-X-2-Pieces-PCS-100-Trillion-AA-2008-UNC-/271480969129?pt=LH_DefaultDomain_0&hash=item3f3586d7a9)

Your joking, do you really think if bitcoin doesn't succeed it will still have value as a collectors token? Maybe physical bitcoins will but what sort of collector would want to purchase a digital currency that has no use.
Confederate dollars have value to collectors because of the history involved and the fact that they are real.
Historical significance of BTC will only last until the next digital currency surpasses it, is anyone still buying ecash to collect?   

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
inBitweTrust
Hero Member
*****
Offline Offline

Activity: 658
Merit: 501



View Profile
March 24, 2015, 06:52:41 AM
 #22

Your joking, do you really think if bitcoin doesn't succeed it will still have value as a collectors token? Maybe physical bitcoins will but what sort of collector would want to purchase a digital currency that has no use.
Confederate dollars have value to collectors because of the history involved and the fact that they are real.
Historical significance of BTC will only last until the next digital currency surpasses it, is anyone still buying ecash to collect?  

No, I am not joking. Bitcoin is different than many other centralized digital tokens and represents and important shift in technology and historical significance. There is a core group of ideologues that won't give up on it(This is both a good thing and bad thing). If another cryptocurrency that is far superior to bitcoin comes along than we may switch to using that for everyday transactions but still keep a few bitcoins and asic rigs mining for sentimental purposes. In that event bitcoin could drop from its high (5k-100k or more?? in the future) to a much smaller number, 5-500 usd depending upon the adoption rates before it becomes obsolete.

Even if Bitcoin is obsolete the ledger and tokens still have value to us. This value is not in the digital token itself but in the network protocol and what it represents.

This being said , I also recommend gold (if you can secure it) as it is unlikely we are going to find a large amount of it soon on earth or through asteroid mining and creating it is too expensive. Gold isn't a good investment , but a good store of value.

pooya87
Legendary
*
Offline Offline

Activity: 3444
Merit: 10549



View Profile
March 24, 2015, 06:56:01 AM
 #23

as much as i love investing in bitcoin, i buy gold too. it is always the best of you do not put all of your eggs in one basket.

investing in gold is kind of a reliable way of investing my money and earn a little bit of profit from it.

but investing in bitcoin is more profitable than gold but has higher risk too.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
Amph
Legendary
*
Offline Offline

Activity: 3206
Merit: 1069



View Profile
March 24, 2015, 07:00:16 AM
 #24

i don't like gold at all, i don't see potential in it only stagnancy, it will never rise significantly, bitcoin on the other hand, has so much potential is not even funny, and i'm not talking only about the price, but its tech/protocol/blockchain everything related to it
medUSA
Legendary
*
Offline Offline

Activity: 952
Merit: 1003


--Signature Designs-- http://bit.ly/1Pjbx77


View Profile WWW
March 24, 2015, 07:07:37 AM
 #25

I believe gold is a much safer investment for third world non-technical people, especially when you are asking them to send life savings to a chain of alphanumeric codes, understand fees, remember passwords and prevent malware. They cannot afford to loose their hard earned money. Gold may not have potential as high as bitcoin, gold retains it's value pretty well.

Get.BTC.Now (OP)
Member
**
Offline Offline

Activity: 116
Merit: 10

★☆★ dont let others hurt your sk


View Profile WWW
March 24, 2015, 07:33:23 AM
 #26

You might be interested in this topic: https://bitcointalk.org/index.php?topic=979599.0
The same question, a lot more opinions Smiley

I would choose Bitcoin because it has a chance of tripling or quadrupling in value. Gold will probably never even double.

Bitcoin has the chance of dropping to 0, while gold dont. Right or wrong?

Right, but don't believe that bitcoin will ever drop to 0 until this forum exists. Grin

Yeah, but there is a big chance of bitcoin falling so low that will make everyone leave this forum. While gold?Huh
deisik
Legendary
*
Offline Offline

Activity: 3444
Merit: 1280


English ⬄ Russian Translation Services


View Profile WWW
March 24, 2015, 08:10:29 AM
 #27

Theres another topic about this, but bitcoin and gold are both very similar and different. Bitcoin is more volatile and more useful as a currency TODAY, but gold could eventually become a global currency eventually. Gold also moves much slower and is more of a thing to physically own.

Gold is a global currency today. In fact, it has never ceased to be one in the first place. After Bretton Woods gold had been officially backing up the US dollar (at the fixed price of $35 per ounce) until 1971, when the US terminated convertibility of the US dollar to gold (the Nixon Shock). But that wasn't because gold had been bad, it happened because the dollar had not been doing well (too many dollars had been printed). In 1965 Charles de Gaulle, the president of France, exchanged his country US dollar reserves for gold at the official exchange rate. He was wisely followed by a few other countries. This led to the depletion of the US gold reserves and subsequent dismantling of the Bretton Woods monetary system...

Since then central banks of many countries have been hoarding gold

bigbitmine
Full Member
***
Offline Offline

Activity: 196
Merit: 100


Big Bit Mine


View Profile
March 24, 2015, 08:13:48 AM
 #28

Play it safe.  Invest in turnips!

hxinr
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
March 24, 2015, 12:54:01 PM
 #29

I want to invest in gold will be secure, the BTC industry is not very mature, but the situation is still good, appropriate purchase may have no small achievement.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!