markj113
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January 08, 2017, 11:04:12 AM |
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Bitcoin is nothing but a 5 year old Alpha software test.
As soon as Governments are ready to move to digital currency it will be the end of Bitcoin.
comparing 5 yr old bitcoin to something that has held value for thousands of years and seen numerous currencies come and go is laughable.
The recent BTC price action has yet again shown it is China that controls Bitcoin pricing. If the Chinese government decided to come down hard on bitcoin it would kill the price overnight.
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RobertDeNiro
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January 08, 2017, 11:08:23 AM |
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Bitcoin is nothing but a 5 year old Alpha software test.
As soon as Governments are ready to move to digital currency it will be the end of Bitcoin.
comparing 5 yr old bitcoin to something that has held value for thousands of years and seen numerous currencies come and go is laughable.
The world has not has access to information for the last 5000 years as it has now. Gold is dead. No one wants it and everyone will soon want bitcoin. Just deal with the fact and sell your gold already because for the most part it will be useless and cheap and you'll be killing yourself in 5 years when your gold is worth $400 an ounce and btc is trading above 5k. See ya.
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markj113
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January 08, 2017, 11:09:32 AM Last edit: January 08, 2017, 11:25:46 AM by markj113 |
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Bitcoin is nothing but a 5 year old Alpha software test.
As soon as Governments are ready to move to digital currency it will be the end of Bitcoin.
comparing 5 yr old bitcoin to something that has held value for thousands of years and seen numerous currencies come and go is laughable.
The world has not has access to information for the last 5000 years as it has now. Gold is dead. No one wants it and everyone will soon want bitcoin. Just deal with the fact and sell your gold already because for the most part it will be useless and cheap and you'll be killing yourself in 5 years when your gold is worth $400 an ounce and btc is trading above 5k. See ya. Please post some actual facts to back up your statements. You come across as a just a computer nerd wih all his pocket money in Bitcoin as you think its going to make you rich overnight. I bet you hold no other investment instruments and have no diversification (alt coins dont count )
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markyminer
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January 08, 2017, 08:55:46 PM |
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i think the people interested is changing from time to time. in previous time people were taking interest in gold. but now the interest of people is changing and they are now showing interest in bitcoin because they want to make some extra money.
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cryp24x
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January 08, 2017, 09:11:04 PM |
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i think the people interested is changing from time to time. in previous time people were taking interest in gold. but now the interest of people is changing and they are now showing interest in bitcoin because they want to make some extra money.
I agree that people interest change from time to time and people interest varies. Just an example of two different interests are the posts before me and they even have an argument. Both have value but with the current run of gold, decreasing in price, and current rally and future of bitcoin which is very optimistic. I say i wanna hold BTC than gold. Why? I can use it to buy things directly. I can carry it whenever I want, where ever I want but not with gold
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richardsNY
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January 08, 2017, 09:16:45 PM |
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i think the people interested is changing from time to time. in previous time people were taking interest in gold. but now the interest of people is changing and they are now showing interest in bitcoin because they want to make some extra money.
People choosing for gold do that with the intention to use it as a long term store of wealth solution. Short term profits are not relevant for them. Bitcoin as it is, is only a speculative investment option. It's not that people shift from gold to Bitcoin. It's just that people simply explore their investment options, where Bitcoin is also a serious contender. Good thing is that people can have both and thus don't need to choose.
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Pattberry
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January 08, 2017, 09:24:47 PM |
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i think the people interested is changing from time to time. in previous time people were taking interest in gold. but now the interest of people is changing and they are now showing interest in bitcoin because they want to make some extra money.
Interest in physical gold is really a different thing,people interested in gold will still purchase gold no matter what and bitcoin is a new platform where you can make a good amount of money with the possibility of multiplying your assets in a very short time and bitcoin was the best mode of investment for 2016 without any doubt .
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bit1
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January 08, 2017, 09:34:57 PM |
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i think the people interested is changing from time to time. in previous time people were taking interest in gold. but now the interest of people is changing and they are now showing interest in bitcoin because they want to make some extra money.
Some time ago I guess gold was used in coins physically, maybe someday its will come back and then the balance would be tilted more by the yellow metal, I mention this for what you just mentioned: The interest of the people changes from time to time.
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anewbie
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January 08, 2017, 09:43:19 PM |
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Bitcoin will never overcome gold in adoption. Gold has been used for centuries and resembles wealth. Btc could never match that. If electronics get wiped out then what commodity do we turn to?
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deppil
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January 08, 2017, 10:46:43 PM |
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i think the people interested is changing from time to time. in previous time people were taking interest in gold. but now the interest of people is changing and they are now showing interest in bitcoin because they want to make some extra money.
true, I also previously a gold investor. I buy gold and then hold for a long time. but my friend told me that about bitcoin they say "you will more easily profit in the near future" by bitcoin
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BitFinnese
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January 08, 2017, 11:24:39 PM |
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Bitcoin will never overcome gold in adoption. Gold has been used for centuries and resembles wealth. Btc could never match that. If electronics get wiped out then what commodity do we turn to?
It is hard to compare two different things. Gold were used as currency but not anymore, aside from the fact that it has established centuries of usage while bitcoin is just an emerging digital currency. With the current age of bitcoin, I don't expect that it will surpass bitcoin soon in terms of mass adoption but i believe in due time, it will The good thing is we can acquire both and I don't see any reason why I should choose one only.
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SmartIphone
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January 08, 2017, 11:33:03 PM |
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Does anyone have any idea how many people are using gold as a store of value vs btc? And how long do you think until we have the same user Base as holders of gold?
The issue or advantage is that gold holders are not known generally, 1kg of gold has a small volume but has a huge value (37.7k at the time of writing) But at the other side, a hardware wallet can be almost the same in size/volume but can hold less or more bitcoins in the same address! We don't know exactly the number of people who use gold and bitcoin but there is a huge difference.
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RobertDeNiro
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January 09, 2017, 09:40:33 PM |
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Bitcoin is nothing but a 5 year old Alpha software test.
As soon as Governments are ready to move to digital currency it will be the end of Bitcoin.
comparing 5 yr old bitcoin to something that has held value for thousands of years and seen numerous currencies come and go is laughable.
The world has not has access to information for the last 5000 years as it has now. Gold is dead. No one wants it and everyone will soon want bitcoin. Just deal with the fact and sell your gold already because for the most part it will be useless and cheap and you'll be killing yourself in 5 years when your gold is worth $400 an ounce and btc is trading above 5k. See ya. Please post some actual facts to back up your statements. You come across as a just a computer nerd wih all his pocket money in Bitcoin as you think its going to make you rich overnight. I bet you hold no other investment instruments and have no diversification (alt coins dont count ) So you post some stats about how the untrustworthy governments and federal reserve is stocking up on gold and we are all supposed to believe that. I dont believe any government and neither should you but its ok. Just keep holding onto your gold and see what happens in 5 years-10 years. You'll be poor wondering why you held all that gold and I'll be rich with my digital money.
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markj113
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January 09, 2017, 10:06:14 PM |
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So you post some stats about how the untrustworthy governments and federal reserve is stocking up on gold and we are all supposed to believe that. I dont believe any government and neither should you but its ok. Just keep holding onto your gold and see what happens in 5 years-10 years. You'll be poor wondering why you held all that gold and I'll be rich with my digital money.
You stated "Gold is dead. No one wants it" I posted information to prove that statement to be incorrect. Russia and China are purchasing gold on the open market so there is no trust involved around stated quantities purchased. Most believe that the Chinese hold a much larger amount of gold than publicly stated. But if the best argument you can counter with is "I dont trust untrustworthy governments" rather than posting some facts and data then carry on. All you state is your personal opinion and I presume you are not a qualified financial analyst. All the big money i.e central banks, world governments and the very wealthy are hording gold not bitcoin. Many countries are also now fighting to repatriate their gold from the US, UK etc. Money = control, if you think those at the top are about to lose power to bitcoin you are living in a dream world. The only reason they havent crushed it yet is because bitcoin is insignificantly small to them and they are probably using it to analyze blockchain security and scaleability in readiness for a move to digital currency (possible they will use blockchain but not bitcoin as several banks have allready stated) The bitcoin Beta will end sooner or later but there is money to be made in the short term, its just knowing when to jump ship.
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Teemotje
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January 09, 2017, 10:07:24 PM |
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So you post some stats about how the untrustworthy governments and federal reserve is stocking up on gold and we are all supposed to believe that. I dont believe any government and neither should you but its ok. Just keep holding onto your gold and see what happens in 5 years-10 years. You'll be poor wondering why you held all that gold and I'll be rich with my digital money.
Russia and China are purchasing gold on the open market so there is no trust involved around stated quanities purchased. Most believe that the Chinese hold a much larger amount of gold than publicaly stated. But if the best argument you can counter with is "I dont trust untrustworthy governments" rather than posting some facts and data then carry on. All you state is your personal opinion and I presume you are not a qualified financial analyst. All the big money i.e central banks, world governments and the very wealthy are hording gold not bitcoin. Many countries are also now fighting to repatriate their gold from the US, UK etc. Money = control, if you think those at the top are about to lose power to bitcoin you are living in a dream world. The only reason they havent crushed it yet is because bitcoin is insignificantly small to them and they are probably using to analyze blockchain security and scaleability. The bitcoin Beta will end sooner or later but there is money to be made in the short term, its just knowing when to jump ship. I think you are right about that if you are leaving on the right moment with the bitcoin you can make a lot of money but its hard to predict this certain point of course.
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JamesColombia
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January 09, 2017, 10:13:31 PM Last edit: September 21, 2017, 10:20:47 AM by JamesColombia |
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According to my views the marketcap of both of these will be the best tools to find out that how much people are holding bitcoins and how much people are holding gold. With that we can calculate all the things in a summarized form.
Total gold market cap = $7,617,683,440,065 (physical gold only) Total bitcoin market cap = $14,460,218,610 (Value of all bitcoin created) bitcoin market cap = 0.189% of gold's Total gold market cap = $22,000,000,000,000 (actual gold traded inc. paper gold) Total bitcoin market cap = $14,460,218,610 (Value of all bitcoin created (traded volume unknown but significantly less) bitcoin market cap = 0.066% of gold's I think holding bitcoins is for me better because its more profitable on a short term and with gold you really need to have patience.
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Superways
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January 09, 2017, 10:15:51 PM |
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According to my views the marketcap of both of these will be the best tools to find out that how much people are holding bitcoins and how much people are holding gold. With that we can calculate all the things in a summarized form.
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markj113
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January 09, 2017, 10:21:04 PM |
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According to my views the marketcap of both of these will be the best tools to find out that how much people are holding bitcoins and how much people are holding gold. With that we can calculate all the things in a summarized form.
Total gold market cap = $7,617,683,440,065 (physical gold only) Total bitcoin market cap = $14,460,218,610 (Value of all bitcoin created) bitcoin market cap = 0.189% of gold's Total gold market cap = $22,000,000,000,000 (actual gold traded inc. paper gold) Total bitcoin market cap = $14,460,218,610 (Value of all bitcoin created (traded volume unknown but significantly less) bitcoin market cap = 0.066% of gold's
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Superways
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January 09, 2017, 10:26:06 PM |
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According to my views the marketcap of both of these will be the best tools to find out that how much people are holding bitcoins and how much people are holding gold. With that we can calculate all the things in a summarized form.
Total gold market cap = $7,617,683,440,065 Total bitcoin market cap = $14,460,218,610 bitcoin market cap = 0.189% of gold's and now calculate that in how much time they both attained that value of marketcap and then compere the speed of both of them. So with that calculation we can see that how much bitcoin is favored and when will it go further than gold.
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markj113
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January 09, 2017, 10:26:43 PM |
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but bitcoins price increase has not been linear and with a 5 year lifespan very limited data.
You cannot state its gone up XX amount the last 12 months so will be worth XX more next year.
All technology is superceeded with old tech becoming worthless, not happened to gold in several thousand years.
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