|
Blind Legs Parker
|
 |
June 12, 2016, 03:03:29 PM |
|
Wrong. Bitcoin's value is 0.13% of gold's value. The value of 1 bitcoin is equal to half of this of 1 ounce of gold, now, that's true, but a comparison based on random units not linked with each other like that is just wrong. You're using the same logic as this of the people who say that bitcoin is "expensive" because $600 is a lot of money. That's not how you do it. If the total amount of bitcoins to be created was 2.1 million instead of 21 million, each one of them would now be worth $6460. Would you then say that bitcoin's value is 6 times higher than gold's  ? Look at the market caps. That's what will really tell you how much bitcoin is worth compared to gold, and it's 0.13%. Bitcoin still has a looooooong way to go before it's worth half as much as gold is. And frankly I like that: it means that there's still profit to be made investing in bitcoin. |
|
|
|
|
toknormal
Legendary
 Offline
Activity: 3066
Merit: 1188
|
|
June 12, 2016, 03:08:02 PM |
|
Investing in gold right now is like investing in travel agents just at the arrival of the world wide web.
|
|
|
|
|
MinermanNC
Legendary
Offline
Activity: 2198
Merit: 1000
|
|
June 12, 2016, 03:10:01 PM |
|
Good morning, glad to see we are still moving in the right direction.... or at least maintaining.  800+ on the way within the next few weeks |
|
|
|
|
Atdhe
Sr. Member
Offline
Activity: 326
Merit: 250
Atdhe Nuhiu
|
|
June 12, 2016, 03:10:29 PM |
|
it seems china rly got scared of 4444
|
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
June 12, 2016, 03:11:14 PM |
|
i think with gold the best you can really hope for is that it HODL its value over time. its better to be hold gold vs fiat during the fiat to crypto transition, also i think silver will out preform gold but again a silver "investment" will yield ~2-5% a year on avg.
|
|
|
|
|
zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
|
|
June 12, 2016, 03:39:56 PM |
|
it seems china rly got scared of 4444
well, it is a really scary number 4 4s is about as scary as any number can get. it would look something like this to them  |
|
|
|
|
toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
|
|
June 12, 2016, 03:41:17 PM |
|
Hobular gone silent again.
|
|
|
|
|
toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
|
|
June 12, 2016, 03:47:07 PM |
|
Worldwide banking crash must be imminent.
U.S. Public about to get disarmed following that Orlando thing I imagine. Troops on the street.
|
|
|
|
|
ImI
Legendary
Offline
Activity: 1946
Merit: 1019
|
|
June 12, 2016, 03:50:34 PM |
|
Worldwide banking crash must be imminent.
Public about to get disarmed following that Orlando thing I imagine. Troops on the street.
lol nobody is about to get disarmed but the US may very well stop all muslim immigration into the country |
|
|
|
|
toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
|
|
June 12, 2016, 03:53:11 PM |
|
Hobular's back in business.
1.02 BTC Wall...munched.
|
|
|
|
|
becoin
Legendary
Offline
Activity: 3431
Merit: 1233
|
|
June 12, 2016, 03:55:15 PM |
|
Investing in gold right now is like investing in travel agents just at the arrival of the world wide web.
Wrong! Bitcoin counter value is not dollar. Bitcoin counter value is gold. If you feel bitcoin is overbought, and from time to time that would be the case, you should invest your bitcoins into gold. |
|
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
June 12, 2016, 04:00:38 PM |
|
Investing in gold right now is like investing in travel agents just at the arrival of the world wide web.
Wrong! Bitcoin counter value is not dollar. Bitcoin counter value is gold. If you feel bitcoin is overbought, and from time to time that would be the case, you should invest your bitcoins into gold. Bitcoin's counter value is bitcoin..  |
|
|
|
|
Syke
Legendary
Offline
Activity: 3878
Merit: 1193
|
|
June 12, 2016, 04:11:49 PM |
|
1.02 BTC Wall...munched.
1 BTC is a wall? |
|
|
|
|
hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
|
|
June 12, 2016, 04:14:12 PM |
|
1.02 BTC Wall...munched.
1 BTC is a wall? not quite... yet..  |
|
|
|
|
toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
|
|
June 12, 2016, 04:16:40 PM |
|
1 BTC is a wall?
If you're an ant. It's all relative  (Was just looking for an excuse to say "munched" again). |
|
|
|
|
SomaliRebel
Newbie
Offline
Activity: 42
Merit: 0
|
|
June 12, 2016, 04:19:39 PM |
|
So who amongst you Gentlesirs has locked in profit?
|
|
|
|
|
|
Ted E. Bare
|
 |
June 12, 2016, 04:23:15 PM |
|
Bitcoin Block Reward Halving Countdown:
Only 28 more days!
Reward drop ETA: Sun, 10 Jul 2016 13:30:27 GMT
|
|
|
|
|
|
spike420211
|
|
June 12, 2016, 04:24:12 PM |
|
So who amongst you Gentlesirs has locked in profit?
wanna see if this holds until Monday nite... |
|
|
|
|
|
|
Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
|
|
June 12, 2016, 04:27:43 PM |
|
Worldwide banking crash must be imminent.
Public about to get disarmed following that Orlando thing I imagine. Troops on the street.
lol nobody is about to get disarmed but the US may very well stop all muslim immigration into the country Looks like Trump will be President |
|
|
|
|
|
Poll
