Bitcoin Forum
November 19, 2017, 02:46:18 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Historical gold price  (Read 923 times)
Herodes
Hero Member
*****
Offline Offline

Activity: 868


View Profile
March 22, 2013, 07:18:22 PM
 #1



As bitcoin is digital gold, will it follow the same development curve ? Bitcoin hasn't reached the value of 1 oz gold as it was back in 2004 yet, the question is - will we see that in the future ? I think we will. And from there, who knows where it's headed.. What do you think ?
1511102778
Hero Member
*
Offline Offline

Posts: 1511102778

View Profile Personal Message (Offline)

Ignore
1511102778
Reply with quote  #2

1511102778
Report to moderator
1511102778
Hero Member
*
Offline Offline

Posts: 1511102778

View Profile Personal Message (Offline)

Ignore
1511102778
Reply with quote  #2

1511102778
Report to moderator
1511102778
Hero Member
*
Offline Offline

Posts: 1511102778

View Profile Personal Message (Offline)

Ignore
1511102778
Reply with quote  #2

1511102778
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511102778
Hero Member
*
Offline Offline

Posts: 1511102778

View Profile Personal Message (Offline)

Ignore
1511102778
Reply with quote  #2

1511102778
Report to moderator
1511102778
Hero Member
*
Offline Offline

Posts: 1511102778

View Profile Personal Message (Offline)

Ignore
1511102778
Reply with quote  #2

1511102778
Report to moderator
zoinky
Hero Member
*****
Offline Offline

Activity: 808


Web Developer


View Profile
March 22, 2013, 07:20:46 PM
 #2

Yes.
nobbynobbynoob
Hero Member
*****
Offline Offline

Activity: 756


Annuit cœptis humanae libertas


View Profile WWW
March 22, 2013, 07:24:22 PM
 #3

Long term, I believe both bitcoin and PMs are seriously undervalued, but it seems society or "the market" - possibly manipulated by banksters/TPTB - doesn't agree with my sentiment. Yet.

In an extreme "Mad Max" SHTF collapse scenario, if things really turn that sour, we're all doomed for anyway, and either death or running for holes in the hills with provisions, weapons and ammo might be the only options left.

Earn Free Bitcoins!   Earn bitcoin via BitcoinGet
BTC tip: 1PKkvuwC24Vqjv9odigXs1QVzE66jEJqmb (if <200 µBTC, please donate to charity)
LTC tip: LRqXaNdF79QHvhPpS5AZdEJZnLiNnAkJvq (if <Ł0,05, please donate to charity)
BTC Books
Member
**
Offline Offline

Activity: 84



View Profile
March 22, 2013, 08:33:20 PM
 #4

It's strange, how perceptions change.

If you'd invested in gold in 2003, and timed the peak perfectly to sell in 2011; you would have made roughly five times what you invested.  Over about eight years.

And man!  Didn't that look awesome; at the time?

But we did that with bitcoin in a little over the past two months.

Dankedan: price seems low, time to sell I think...
Odalv
Legendary
*
Offline Offline

Activity: 1260



View Profile
March 22, 2013, 08:51:16 PM
 #5

But we did that with bitcoin in a little over the past two months.

Exactly, and Bitcoin is just starting (still on runway).

 (beta testing .. "count down: 22 minutes to start, STOP STOP STOP blockchain FORK" )

{october 2010 ($0.05 /btc) -> march 2013 ($70/btc) 140,000%}
Herodes
Hero Member
*****
Offline Offline

Activity: 868


View Profile
March 22, 2013, 08:55:15 PM
 #6

{october 2010 ($0.05 /btc) -> march 2013 ($70/btc) 140,000%}

Haha, that's so sick!

rpietila
Donator
Legendary
*
Offline Offline

Activity: 1666



View Profile
March 22, 2013, 10:28:46 PM
 #7

In an extreme "Mad Max" SHTF collapse scenario, if things really turn that sour, we're all doomed for anyway, and either death or running for holes in the hills with provisions, weapons and ammo might be the only options left.

That has happened countless times before. The gold is there to be hidden when the crisis hits and uncovered when it abates. Buying weapons with all your stash will likely not increase your chances of survival, but will ensure that you don't have the gold when its value is restored.

Ergo, if you await conflict, buy bitcoins, not ammo. Only MPOE-PR thinks that gold is bought to be spent during the hard times. Yes, that is stupid, but maybe she does not have enough experience on gold to utter much sensical concerning it.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!