Bitcoin Forum
July 19, 2019, 12:50:25 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3] 4 »  All
  Print  
Author Topic: Invest in Bitcoin, Gold or Silver?  (Read 7047 times)
Noruka
Sr. Member
****
Offline Offline

Activity: 714
Merit: 250


simply getting the job done


View Profile
October 22, 2013, 02:47:36 PM
 #41

They all have their advantage and disadvantages but it think the major difference is ease of trade, storage and liquidity.

trade: BTC can easily be traded for little to no fee and on a global scale. Its costly to sell a bar of silver to someone in Cyprus let alone any crack downs the government has on the buyer withdrawing money to send world wide. there is no mandatory build in spread with a BTC like a metals exchange, although you may run into it down the road.

storage: BTC can be stored off the grid in a compact and secure location like gold or silver, but can also be instantly in the pocket of a buy within minutes. Its hard to get a gold coin to someone halfway across the world that wants to buy it from you.

liquidity: liquidity is very important. Most people in possession of precious metals are only liquid in their local currency and at spot price. BTC you can liquidate on an exchange for fiat and other cryptos without needing to wait or pay for shipping.

with all that being said, BTC is not (yet) held as reserves worldwide as a store of value. BTC are also susceptible to massive market manipulation; however one can argue that gold/silver already are exposed to massive manipulate even higher than what BTC could ever be.

i store my value in all three with silver being the majority stock holder over the other two. my BTC wallet is growing though.

just my two cents
well...  .02 BTC

     ▄███▌
    ██████
   ██ ▀████       ███
  ██   ████     ██████       ▄▄▄
 █▀    ████    ███████      █████
      ████    ███████      ██████
      ████    ███████     ███████   ███
      ████   ███ ████    ███████   ████
     ████   ███ ████    ███ ████   ████    ▐██▌      ████▄
     ████   ███ ████   ███ ████   ████     ███     ███████   ██   ███▄     ▄▄██
     ████  ███ ████   ███ ████    ████    ████   ███▀  ███  ████▄█████   ████ ▄██    █
    ████  ███  ████  ███ ████    ████    ████   ███▀  ██▀  ██████▀████ ████   ████   █
    ████ ███  ████  ███  ████    ████    ████  ████       ██████  ████████▀   ████ ▄█
    ████ ███  ████ ███  ████    ████   ██████  ████      ██████    ███████     █████▀
   ████ ███   ███████   ████   █████  ██████  ██████▄  ▄██████        ████▄   ███
   ████ ███  ███████   ▐████  ██████████ ███   █████████  ████        █████████▀
   ███████   ██████    ▐██████████████   ███    ▀████▀   ████          █████▀▀
  ███████    █████     ▐██████   ████   ███
  ██████     ▀██▀       ▀████           ███
  ▀████                          █     ███
                                 ██▄  ▄███
                                  ██████▀
                                   ▀▀▀▀

   
THE JOB DONE

 

                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌


             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
 

█▄▄              █▄▄
█████▄▄         ██████▄▄
████████       ████████ █
████████ ██   ████████ ██
████████ ███ ████████ ███
████████ ████ ██████ ████
████████ █████ ████ █████
████████ ▀█████ ██ ██████
████████    ▀▀██  ███████
▀███████         ▀███████
   ▀▀███            ▀▀███
       ▀                ▀
 
in
 

  ▄▄                ▄▄
  ████▄  ▄▄▄▄▄▄  ▄████
  ████████████████████
  ████████████████████
 ▄████████████████████▄
 ██████████████████████▌
 ██████████████████████▌
 ██████████████████████▌
 ██████████████████████
  ▀██████████████████▀
    ▀██████████████▀
██▄     ████████
 ▀██    ████████
 

  ▄▄██████████████▄▄
 ██▀▀            ▀▀██
██▌            ▐█▌ ▐██
██     ▄██████▄     ██
██    ██▀    ▀██    ██
██   ▐█▌      ▐█▌   ██
██   ▐█▌      ▐█▌   ██
██    ██▄    ▄██    ██
██     ▀██████▀     ██
██▌                ▐██
 ██▄▄            ▄▄██
  ▀▀██████████████▀▀
 
██▄
█████▄
████████▄
███████████
████████▀
█████▀
██▀
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563497425
Hero Member
*
Offline Offline

Posts: 1563497425

View Profile Personal Message (Offline)

Ignore
1563497425
Reply with quote  #2

1563497425
Report to moderator
1563497425
Hero Member
*
Offline Offline

Posts: 1563497425

View Profile Personal Message (Offline)

Ignore
1563497425
Reply with quote  #2

1563497425
Report to moderator
krishatnet
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


View Profile
October 23, 2013, 01:57:09 AM
 #42

You can deposit and withdraw money easily with bitcoins but in case of gold and silver it takes some time.

                                                                                                                      We Support Currencies: BTC, LTC, USD, EUR, GBP
sidhujag
Legendary
*
Offline Offline

Activity: 2044
Merit: 1004


View Profile
October 23, 2013, 05:02:59 AM
 #43

u can buy silver directly with devcoins now at igotspots.com
polarhei
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


Firing it up


View Profile
October 24, 2013, 03:43:52 PM
 #44

You may have massive amount of fiat, May consider Silver first as Silver has special property for photographic or electronic which should be able to make more money with. Even you don't use silver. You can use for preservation as silver is bounded, widely accepted.

Gold is the second option for as Gold is trustful in almost aspects. Before you do, Search the production cost for 1oz 24K gold first as some people lose money from there because of not searching the minimum processing cost for 1oz 24K.

The last option is bitcoin. You may consider to put some money in, For example. Put roughly few thousand grand into array, using cex.io for the base or using cloudhashing when applicable. Cloudhashing limits 5000Gh/s (5T/s) per person while cex.io seems to have no limitations, however the direct market price may be not reasonable.

Bitcoin may be the last option for you. Many people in here suggest you to put some. However in your aspect, For the lottery step. It is not easy. You will have to find the correct supplier such as kncminer,friedcat to help you on it as bitcoin contains scum and villainy which must be cautious. I personally almost trapped by BFL but safe by using PAYPAL policy to force them.


Before any serious steps, If you have massive fiats, Then do what you know first. Then add more such as bitcoin, nasdaq stock, FTSE series to control risk.
allthingsluxury
Legendary
*
Offline Offline

Activity: 1512
Merit: 1015



View Profile WWW
October 24, 2013, 06:12:06 PM
 #45

Oh no, LTC dropped another 10% after I bought some. What is happening to LTC!!!

LTC always has been and will continue to be volatile.

LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148
Merit: 1001


In Satoshi I Trust


View Profile WWW
October 24, 2013, 07:44:52 PM
 #46

Oh no, LTC dropped another 10% after I bought some. What is happening to LTC!!!

LTC always has been and will continue to be volatile.

if you believe in crypto, you must have both...and 10%? HA, thats nothing in crypoworld  Grin

after silk road was closed BTC dropped 20% or more. if you dont like roller coasters, stay out.

rpietila
Donator
Legendary
*
Offline Offline

Activity: 1652
Merit: 1005



View Profile
October 24, 2013, 08:00:18 PM
 #47

My holdings were roughly in the following proportions when I last checked:

BTC: 63%
Silver: 25%
Gold: 7%
EUR: 3%
Stocks: 1%
Misc: 1%.

I am a professional in everything except stocks, so that's why I have a quite bold portfolio allocation.
sunsofdust
Full Member
***
Offline Offline

Activity: 147
Merit: 100


View Profile
October 24, 2013, 11:45:20 PM
 #48

Just thinking out of the box... why not invest in the market gap between MtGox and BTCe?  There is constantly a decent percentage spread between the two exchange rates and even the other exchanges.

I was checking http://www.currentbitcoinvalue.org/ today and MtGox was at $205.23 while BTCe was at $183.91.  That is a 10% difference, which is more than enough to cover the trade fees.

I am sure someone can figure out a way to overcome the time delays of moving USD and Bitcoin between exchanges to make a profit.
NewLiberty
Legendary
*
Offline Offline

Activity: 1204
Merit: 1001


Gresham's Lawyer


View Profile WWW
October 25, 2013, 12:00:21 AM
 #49

Just thinking out of the box... why not invest in the market gap between MtGox and BTCe?  There is constantly a decent percentage spread between the two exchange rates and even the other exchanges.

I was checking http://www.currentbitcoinvalue.org/ today and MtGox was at $205.23 while BTCe was at $183.91.  That is a 10% difference, which is more than enough to cover the trade fees.

I am sure someone can figure out a way to overcome the time delays of moving USD and Bitcoin between exchanges to make a profit.

Some have.  It is not easy to start this now.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
mrhelpful
Legendary
*
Offline Offline

Activity: 1400
Merit: 1002



View Profile
October 25, 2013, 09:52:37 PM
 #50

You should do gold, and bitcoin. Whichever gives your more chance of profit.

Just my imo.
Slab Squathrust
Full Member
***
Offline Offline

Activity: 170
Merit: 100


View Profile
October 29, 2013, 07:02:26 AM
 #51

If you are looking into precious metals, there is more than gold and silver.  While they tend to be more volatile, platinum and palladium are commonly traded as bullion (not as much as gold or silver) and have uses in automotive and electronic industries. 
desired_username
Hero Member
*****
Offline Offline

Activity: 867
Merit: 1001


View Profile
October 29, 2013, 09:28:55 AM
 #52

I would buy all including platinum and palladium.
superresistant
Legendary
*
Offline Offline

Activity: 2030
Merit: 1095



View Profile
October 29, 2013, 09:41:28 AM
 #53

I don't think it matter what you choose between Gold/Silver/Bitcoin.

Just buy one of them when it's low, sell when it's high.
waltermot321
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


View Profile
October 29, 2013, 02:18:25 PM
 #54

I don't think it matter what you choose between Gold/Silver/Bitcoin.

Just buy one of them when it's low, sell when it's high.

People are buying them for long term gain, 10-20 years....

Lethn
Legendary
*
Offline Offline

Activity: 1540
Merit: 1000



View Profile WWW
October 29, 2013, 05:57:58 PM
 #55

all 3.

I knew someone would get it before me, there's nothing wrong with using all three, I believe that Bitcoin is going to be used for overseas transactions and Gold/Silver for local or wealth preservation, just don't have everything in paper and you'll be fine I'm sure, I think it's also a good idea to take a look at altcoins as well just in case the Bitcoin devs get arrested or something but you have to do your research carefully there.
iCEBREAKER
Legendary
*
Offline Offline

Activity: 2156
Merit: 1068


Crypto is the separation of Power and State.


View Profile WWW
October 29, 2013, 06:25:40 PM
 #56

1/3 PM (gold, silver, and platinum bullion, plus mining stocks)

1/3 DC (Bitcoin, Litecoin, Primecoin, PPcoin, and AsicMiner/CipherMine stock)

1/3 cash positioned in stink bids, ready to buy dips


██████████
█████████████████
██████████████████████
█████████████████████████
████████████████████████████
████
████████████████████████
█████
███████████████████████████
█████
███████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
███████████████████████████
██████
██████████████████████████
█████
███████████████████████████
█████████████
██████████████
████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
Klubknuckle
Sr. Member
****
Offline Offline

Activity: 286
Merit: 250


View Profile
October 31, 2013, 01:27:07 PM
 #57

1/3 PM (gold, silver, and platinum bullion, plus mining stocks)

1/3 DC (Bitcoin, Litecoin, Primecoin, PPcoin, and AsicMiner/CipherMine stock)

1/3 cash positioned in stink bids, ready to buy dips


I guess I will do this, but atm I am 100% on cryto-coins...

superresistant
Legendary
*
Offline Offline

Activity: 2030
Merit: 1095



View Profile
October 31, 2013, 01:39:22 PM
 #58

1/3 cash positioned in stink bids, ready to buy dips

Sorry for the stupid question but what does it mean ? stink bids, ready to buy dips ?
Lancelot19
Newbie
*
Offline Offline

Activity: 36
Merit: 0


View Profile
October 31, 2013, 02:38:01 PM
 #59

All of the above! The one thing we know for certain, the days of the inflationary currency are over! (USD ect)
Thenen
Full Member
***
Offline Offline

Activity: 227
Merit: 100


View Profile
November 02, 2013, 02:06:50 AM
 #60

100% on Bitcoin, high risk high return.... Hurray....
Pages: « 1 2 [3] 4 »  All
  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!