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Author Topic: Bitcoin or gold?  (Read 984414 times)
y8tvkid
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March 09, 2016, 06:11:09 PM
 #2401

I would choose for them both because than you can make a lot more money in my opinion at the end.
Also the bitcoin is for a short term and the gold one for a long term because with gold it takes a while to make profit.

Yeah choosing both is the right thing to do at a moment, as bitcoin is not that popular and people don't have much faith in it, but as time will move we can find more investors investing their money in bitcoins.

Yes, and I think that people have already started to invest their money in bitcoins, things are changing fast and if people find bitcoin attractive they would surely invest their money into it.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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March 09, 2016, 06:17:59 PM
 #2402

I would choose for them both because than you can make a lot more money in my opinion at the end.
Also the bitcoin is for a short term and the gold one for a long term because with gold it takes a while to make profit.

Yeah choosing both is the right thing to do at a moment, as bitcoin is not that popular and people don't have much faith in it, but as time will move we can find more investors investing their money in bitcoins.

Yes, and I think that people have already started to invest their money in bitcoins, things are changing fast and if people find bitcoin attractive they would surely invest their money into it.
I think that part of the investments also come from people looking to get discounts on various other goods, such as the 4% discount on gold coming out of JP Morgan recently.

As long as new companies at least acknowledge Bitcoin and offer discounts for it and don't write it off, that's good enough for me.
phibay
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March 09, 2016, 06:24:45 PM
 #2403

For thousands of years gold has been a safe bet and will continue to be so. I like silver too and am a solid supporter of Ron Paul. Too bad he didn't become president.
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March 09, 2016, 06:51:52 PM
 #2404

For thousands of years gold has been a safe bet and will continue to be so. I like silver too and am a solid supporter of Ron Paul. Too bad he didn't become president.
Silver is the most underrated metal in all of human history
Today, for every 10 silver coins in silver excavation only one coin in gold
Silver will one day be worth much more than gold, almost all reserves and sites are depleted. This is why the silver have low price.

"Of course gold and particularly silver being in such short supply will be massive beneficiaries when all of a sudden people realize that there’s not as much gold around as people think. Of course the silver supply would disappear in a nanosecond because it’s a very small amount of money."
http://www.mining.com/silver-would-disappear-in-a-nanosecond-if-people-understood-how-little-there-is-eric-sprott/

Silver will break $50 in 2016
https://www.youtube.com/watch?v=BxLH24izKYM

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richardsNY
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March 09, 2016, 07:00:39 PM
 #2405

For thousands of years gold has been a safe bet and will continue to be so. I like silver too and am a solid supporter of Ron Paul. Too bad he didn't become president.

That's true, but gold has basically an endless supply. You never know how much gold there will be mined in the comming 10-20 years. With Bitcoin you know that there will never be more than 21 million coins in existence. There is a limited supply which is a strong reason for a lot people to choose for Bitcoin.
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March 09, 2016, 08:09:26 PM
 #2406

For thousands of years gold has been a safe bet and will continue to be so. I like silver too and am a solid supporter of Ron Paul. Too bad he didn't become president.

That's true, but gold has basically an endless supply. You never know how much gold there will be mined in the comming 10-20 years. With Bitcoin you know that there will never be more than 21 million coins in existence. There is a limited supply which is a strong reason for a lot people to choose for Bitcoin.

"We estimate that the amount of gold produced and ejected during the merger of the two neutron stars may be as large as 10 moon masses - quite a lot of bling!" says lead author Edo Berger of the Harvard-Smithsonian Center for Astrophysics (CfA) - See more at: https://www.cfa.harvard.edu/news/2013-19#sthash.4plqQzCb.dpuf

Yes BTC has limited number of total coins. But no one can tell you will it be adopted or abandoned in future.
But gold will stay for sure.
I don't see profitable space explorations in the search for gold. Knowing how costly is one launching.
Or maybe we can expect meteors full of gold?

You can rent this space
markj113
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March 09, 2016, 09:22:47 PM
Last edit: March 09, 2016, 09:37:26 PM by markj113
 #2407

Everyone keeps stating that there is a limited supply of bitcoin due to the 21m cap (with current coding)

However seen as bitcoin is merely digital numbers on a screen they are infinitely divisible so is there really any shortage?


p.s.

Also is anyone else here worried that bitcoin has seen no significant price increase this year to date considering the global economic turmoil.  Gold is up 20% year to date and attracting a lot of new money and investment.

All the bitcointards and permabulls keep harping on about is the block halving.  They are praying the hype drives up the price so they can dump at a profit.  At this moment in time there is no other development or growth happening to drive up the price in a healthy sustainable way.

Year to date gold is up 24.29% on Bitcoin

ronaldinho_07
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March 09, 2016, 11:36:30 PM
 #2408

Gold interest for sure is related to financial problems worlwide,but to have gold you will have a fee to pay to your bank,soo those profit will slowly be eated by them,you cant store gold online as i know if its possible let me know where i can buy real gold and let it just online.Bitcoin with those event coming ,made already bitcoin jump from the 300 dollars last year to 400 dollars ,soo it gained 33% in 3 months maybe,besides those who didnt sold any coin yet will get the benefict of the next pumps that will happen at bitcoin,making the demand and supply work and less coins will be circulating over the exchanges soo expect it to became the event of the year .
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March 10, 2016, 12:13:02 AM
 #2409

For thousands of years gold has been a safe bet and will continue to be so. I like silver too and am a solid supporter of Ron Paul. Too bad he didn't become president.

That's true, but gold has basically an endless supply. You never know how much gold there will be mined in the comming 10-20 years. With Bitcoin you know that there will never be more than 21 million coins in existence. There is a limited supply which is a strong reason for a lot people to choose for Bitcoin.

"We estimate that the amount of gold produced and ejected during the merger of the two neutron stars may be as large as 10 moon masses - quite a lot of bling!" says lead author Edo Berger of the Harvard-Smithsonian Center for Astrophysics (CfA) - See more at: https://www.cfa.harvard.edu/news/2013-19#sthash.4plqQzCb.dpuf

Yes BTC has limited number of total coins. But no one can tell you will it be adopted or abandoned in future.
But gold will stay for sure.
I don't see profitable space explorations in the search for gold. Knowing how costly is one launching.
Or maybe we can expect meteors full of gold?


I definitely agree with the fact that gold is here to stay. It will probably maintain the status as the main precious metal for another few hundred/thousand years. But if Bitcoin indeed turns out to be adopted worldwide, then for sure Bitcoin will receive the preference over gold by more and more wealthy traders and institutions.
betohell
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March 10, 2016, 12:20:25 AM
 #2410

I think investing in Gold would be more profitable in long run, as I am investing in Gold since a long time and every time I have received some good returns so majority of my investments I would make in gold and a small part in bitcoins.
I do not believe gold will benefit in the long term. gold price is already too high unlikely to go higher. may be stable at current prices. just my opinion

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March 10, 2016, 12:45:12 AM
 #2411

I think investing in Gold would be more profitable in long run, as I am investing in Gold since a long time and every time I have received some good returns so majority of my investments I would make in gold and a small part in bitcoins.
I do not believe gold will benefit in the long term. gold price is already too high unlikely to go higher. may be stable at current prices. just my opinion

gold always good for long-term if you said this is the higher price gold have a reach. you wrong last in 2 year price gold drop much this is same like bitcoin

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March 10, 2016, 06:37:43 AM
 #2412

I think investing in Gold would be more profitable in long run, as I am investing in Gold since a long time and every time I have received some good returns so majority of my investments I would make in gold and a small part in bitcoins.
I do not believe gold will benefit in the long term. gold price is already too high unlikely to go higher. may be stable at current prices. just my opinion


I dont think so. As long as it is valuable to the people it will remain as a good investment. This gold will always be at good price and there will be a time that there will be no more gold that can be mined and that will make it more pricy.
DeDordtenaar
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March 10, 2016, 12:34:09 PM
 #2413

For thousands of years gold has been a safe bet and will continue to be so. I like silver too and am a solid supporter of Ron Paul. Too bad he didn't become president.
thousands of years gold has existed. and the ups and downs of the price of gold. gold is safe but not so profitable. for a long time you could have lost. because gold has begun on leave


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March 10, 2016, 01:29:46 PM
 #2414

Bitcoin will change the mindsets of the people in future, the scenario was same when internet took birth, everyone assumed that it will not survive but today it has become necessity of all, one day bitcoin will also become necessity of the people.
Bitcoin can make revolution and become more valuable and been adopted widely.
But Gold will never be abandoned..

Only if we dramatically change our perceptions about world and life. But this will ultimately lead to system changing and many physical goods will become obsolete an unusable.

This can become future even for bitcoin, not only for Gold.
We already know for such systems like Venus project!

 There is more chance for WW3 than for VENUS. Bitcoin is safe for now. Grin
Many gold users must use Bitcoin also, that will be so good for Bitcoin and for the future. It is namely now more used.
And that is very good, we all hope of course that it will be more acceptable in stores or something than we can spend it.

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March 10, 2016, 02:05:49 PM
 #2415

Both are very good of course. But people has their own choice to use it and that is very important. I like personally Bitcoin more.
Because it is fun to do and you can make more money with it I think, but then the value must rise and that is important.

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March 10, 2016, 05:31:45 PM
 #2416

Both are very good of course. But people has their own choice to use it and that is very important. I like personally Bitcoin more.
Because it is fun to do and you can make more money with it I think, but then the value must rise and that is important.
yes, you're absolutely right, they're both equally important, select gold if you want to invest in the real world, bitcoin choose if you want to do business on the Internet, I also prefer bitcoin because it has become a habit I am looking for bitcoin  Grin
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March 10, 2016, 05:36:45 PM
 #2417

Both are very good of course. But people has their own choice to use it and that is very important. I like personally Bitcoin more.
Because it is fun to do and you can make more money with it I think, but then the value must rise and that is important.
yes, you're absolutely right, they're both equally important, select gold if you want to invest in the real world, bitcoin choose if you want to do business on the Internet, I also prefer bitcoin because it has become a habit I am looking for bitcoin  Grin
I think its better to choose bitcoin if you want a fast profit choose bitcoin because the price of bitcoin is not stable not the same as gold.
If you really want to make easy profit just by cheap bitcoin and sell it when the price reach high.. Just like the price today the price is playing around 410-425 and i think if you have 1 bitcoin you can make 10-15 profits.. every time the price is rise and dump..
If you choose gold you should hold it in the long term before you can get high value of gold..

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March 10, 2016, 05:55:57 PM
 #2418

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
of course i will choose gold,i will not take risk by convert all my wealth to something that have not certain future,have no certain price and not acceptable in every place,i will not do that Grin
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March 10, 2016, 05:59:53 PM
 #2419

I would go for the bitcoin or both because they both have a good future a head in my opinion.
The bitcoin has it on both ways, long and a short term and the gold has it on a long term, both profitable.
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March 10, 2016, 06:11:33 PM
 #2420

For keeping my wealth safe, I would prefer gold. For having a chance to multiply my wealth many times, or lose everything, I would pick bitcoin.
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