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Author Topic: Bitcoin or gold?  (Read 984412 times)
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May 08, 2016, 02:45:34 PM
 #3081

Didn't it get canceled after all, wtf?

are you making this up, it was never mentioned that it will ever be cancelled, also it need an hard fork, and it go against the fundamentals rules of bitcoin...aka it will never happen

I just asked. But never mind, there were a few threads as of recent questioning whether the coming halving should be canceled, so no smoke without fire?

No it will not cancel and it will make the price of bitcoins increase. But the supply of bitcoins will be limited into 21 million soon. Don't believe that rumors that bitcoin halving will be cancelled.


Bitcoin halving will be surely done in the month of July and its not gonna canceled, so investing in bitcoin at a moment is the best thing to do.
How much did you invest for the halving? And when do you sell it?
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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May 08, 2016, 03:02:50 PM
 #3082

Didn't it get canceled after all, wtf?

are you making this up, it was never mentioned that it will ever be cancelled, also it need an hard fork, and it go against the fundamentals rules of bitcoin...aka it will never happen

I just asked. But never mind, there were a few threads as of recent questioning whether the coming halving should be canceled, so no smoke without fire?

No it will not cancel and it will make the price of bitcoins increase. But the supply of bitcoins will be limited into 21 million soon. Don't believe that rumors that bitcoin halving will be cancelled.


Bitcoin halving will be surely done in the month of July and its not gonna canceled, so investing in bitcoin at a moment is the best thing to do.

But No people can give guarantee bitcoin will be rise after/before blockhalving done  Undecided
so better sell some of your bitcoin now and save some for future too.

If the current price is higher then what you bought then I think you should sell some of your coins and generate  profits from it rather then holding long.
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May 08, 2016, 03:05:56 PM
 #3083

Didn't it get canceled after all, wtf?

are you making this up, it was never mentioned that it will ever be cancelled, also it need an hard fork, and it go against the fundamentals rules of bitcoin...aka it will never happen

I just asked. But never mind, there were a few threads as of recent questioning whether the coming halving should be canceled, so no smoke without fire?

No it will not cancel and it will make the price of bitcoins increase. But the supply of bitcoins will be limited into 21 million soon. Don't believe that rumors that bitcoin halving will be cancelled.


Bitcoin halving will be surely done in the month of July and its not gonna canceled, so investing in bitcoin at a moment is the best thing to do.

But No people can give guarantee bitcoin will be rise after/before blockhalving done  Undecided
so better sell some of your bitcoin now and save some for future too.

Yes, there is no assurance for the price hike of bitcoins after that halving happens. And what ever happens after the bitcoin halving.
It is better to save for future purpose. And don't expect too much so that you won't get hurt.

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May 08, 2016, 03:08:53 PM
 #3084


If the current price is higher then what you bought then I think you should sell some of your coins and generate  profits from it rather then holding long.

each people have goal point, some of them thinking by precentage, if his profit reach arround 10%, 20% , 50%  he will sell his bitcoin.
im altcoin trader, and take middle profit arround 10-15% .

so if people who trust blockhalving make the price rise again, better to sell if you get 5% and holding some until the block halving done.
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May 08, 2016, 03:56:07 PM
 #3085

Gold is the market leader when it comes down to investment and securities. There is no way a new coin like bitcoin can compete with this assets which has been there for centuries.
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May 08, 2016, 04:05:08 PM
 #3086

Gold is the market leader when it comes down to investment and securities. There is no way a new coin like bitcoin can compete with this assets which has been there for centuries.

Yes gold will win the race in long run as it has more number of satisfied customers and they have more faith in gold and feel risk to invest in bitcoin.
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May 08, 2016, 04:57:21 PM
 #3087

gold its the origin of all, gold backup money and money backup gold, so for now gold its better
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May 08, 2016, 04:57:48 PM
 #3088

Gold is the market leader when it comes down to investment and securities. There is no way a new coin like bitcoin can compete with this assets which has been there for centuries.

Yeah, gold has been proved throughout many generations that it is more reliable if you want to invest your money.
Invest more in gold because it is always possible to appreciate its price and no reason to depreciate. Unlike bitcoin, sometimes the price is good,
and sometimes its price is falling.

Yes and gold will give you satisfied returns in future,but there is no guarantee that you will make profits with bitcoin, right now halving is the only hope.
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May 08, 2016, 05:07:17 PM
 #3089

I would like to have a cryptocurrency backed by gold even better some computer related "asset" like processingpower.
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May 08, 2016, 05:36:39 PM
 #3090

At a moment I will choose bitcoin looking at its potential to grow and also keeping in mind the halving,which can show us best price in coming months.

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May 08, 2016, 05:43:23 PM
 #3091

I would like to have a cryptocurrency backed by gold even better some computer related "asset" like processingpower.

Backing up a crypto-currency with a solid asset such as bullion or real estate is feasible (although I am not sure how much practical is that idea). But I am not in favor of backing it up with processing power. As technology advances, new chips will be invented with more and more processing power. It is like fiat currency, which is prone to inflation. 
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May 08, 2016, 06:26:15 PM
 #3092

I would like to have a cryptocurrency backed by gold even better some computer related "asset" like processingpower.

Backing up a crypto-currency with a solid asset such as bullion or real estate is feasible (although I am not sure how much practical is that idea). But I am not in favor of backing it up with processing power. As technology advances, new chips will be invented with more and more processing power. It is like fiat currency, which is prone to inflation. 

It doesn't for a few years already. I upgraded my box almost two years ago, and the processor is still top-notch (8 core AMD FX-8350, for the curious). Yes, you could add yet more cores per chip, but you could just as well buy more chips...

Frequencies seem to be no longer growing (raw processing power)

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May 08, 2016, 06:35:48 PM
 #3093

Gold for long term

Bitcoin for short term

Both  are best as an investment product.
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May 08, 2016, 07:07:57 PM
 #3094

Gold for long term

Bitcoin for short term

Both  are best as an investment product.
Why don't you see Bitcoin as a long term investment?

If you just look at how much potential profit you can make in the very long term then it just shows that Bitcoin is also a more than perfect long term investment.

BSV is not the real Bcash. Bcash is the real Bcash.
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May 08, 2016, 07:21:36 PM
 #3095

Gold for long term

Bitcoin for short term

Both  are best as an investment product.

Both gold and bitcoin are for the long term. If you are looking for a short-term investment, then purchase some equities or mutual funds from the stock market. Or you can waste your investment on various HYIPs. Bitcoin is not meant for people who lack patience.

Investment in gold is preferable only if you can hold it for more than 10 years. The same for Bitcoin (as per my calculation) is around 4-5 years.
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May 08, 2016, 07:28:08 PM
 #3096

I will choose bitcoin looking at its potential to grow, as it can give me best returns in short span of time which is not possible with gold.
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May 08, 2016, 09:51:28 PM
 #3097

I will choose bitcoin looking at its potential to grow, as it can give me best returns in short span of time which is not possible with gold.

So borrow/earn/get $ 100k invest in BTC and get $ 1M "in short span of time"

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May 08, 2016, 11:01:03 PM
 #3098

I will choose bitcoin looking at its potential to grow, as it can give me best returns in short span of time which is not possible with gold.

So borrow/earn/get $ 100k invest in BTC and get $ 1M "in short span of time"

if you want to get the 1M only $100 of capital in a short time. it may happen but you must use the means that are quite dependent on luck. yeah its name gambling. if you do not use bitcoin gambling to double to 1 million then it would be impossible. I've seen someone bet 1000 BTC. maybe he has a high luck
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May 09, 2016, 02:54:52 AM
 #3099

Bitcoin or gold? This question has no clear answer.
The most important rule of investing is distribution of risk. In this case (with only two options) you have to choose both, so Bitcoin and gold.
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May 09, 2016, 03:34:51 AM
 #3100

Bitcoin or gold? This question has no clear answer.
The most important rule of investing is distribution of risk. In this case (with only two options) you have to choose both, so Bitcoin and gold.

if you know the distribution risk you know bitcoin is better choice than gold, we can trace bitcin distribution anywhere any time.
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