Bitcoin or gold?

[deisik]

still it is too much stable until now with this new pump, i was merely talking like how they look akin now with the bitcoin being stuck in the current range(remove the pump that is happening just recently, and that it started after my post) 230-250, for many months

The 230-250 range (which in fact should be something like 220-250) gives you +5% volatility, now compare that to gold daily highs and lows of being about 0.5-1% difference. If bitcoin became just less volatile, it doesn't mean that it became as stable as gold...

Personally, I think that even that is temporary

well i was never talking about perfectly comparison, i just said that it was akin to doge, in the last recent months

it is obvious you can't expect it to be exactly like gold it is, especially because bitcoin needs more years to achieve such stability

1% vs 5% is a pretty narrow difference for me

If you make perfect trades, this difference would allow you to earn up to 5 times more (provided all other things being the same). Surely not something to sneeze at, I think. But even if you just trade, you would still be able to earn 5 times more (given your percentage of losing trades remains the same for both of these volatilities), though less in absolute terms...

Now think of the effect of your income multiplied a few times, to get an idea (of how huge this difference really is)

[prodigy8]

eurozone troubles are causing fear in markets all over the world that is why wall st lost ground today and I believe gold and silver are rising

[deisik]

eurozone troubles are causing fear in markets all over the world that is why wall st lost ground today and I believe gold and silver are rising

Gold and silver are actually falling, -0.75% and -0.70% at the moment, correspondingly. I think it is not good time to enter precious metals right now, gold could go down a few percentages still, probably even below 1,140$ an ounce (first November, then March, and now July)...

[Mehek]

Both

I would take both too . But if I HAD to choose one, I would  choose for gold nevertheless.  The reason is gold is safer and less riskier and the rising prices of inflation has compelled me to pick gold out of the two. Bitcoin is a great option too. But I'd rather take gold.

[oxiyusuf]

Both

I would take both too . But if I HAD to choose one, I would  choose for gold nevertheless.  The reason is gold is safer and less riskier and the rising prices of inflation has compelled me to pick gold out of the two. Bitcoin is a great option too. But I'd rather take gold.

Gold is a good investment because the price is stable and much demand, but a very long time if you want to profit by using gold, because the price is very difficult to move, not like bitcoin

[Miracal]

Bitcoin is a different asset and gold is a different asset entirely, both come along with certain pros and cons. Considering all of them,  I would prefer to slide my investments in Gold as it has always been around, from years and years. It has always had a good value and it will always be precious, therefore I would choose it over any asset, even real estate.

[BTCevo]

Both

I would take both too . But if I HAD to choose one, I would  choose for gold nevertheless.  The reason is gold is safer and less riskier and the rising prices of inflation has compelled me to pick gold out of the two. Bitcoin is a great option too. But I'd rather take gold.

Gold is a good investment because the price is stable and much demand, but a very long time if you want to profit by using gold, because the price is very difficult to move, not like bitcoin

Yes it is and why gold take time to get profit because gold is a long term investment, otherwise bitcoin is a short term, so although bitcoin is faster to earn but you will have chance to get low profit too. Both of it have advantages and disadvantages, it is just your choice which one do you prefer to invest or may be you can diversify it to both of them

[Amph]

Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.

well then bitcoin feel already more secure than a possible fake gold, if they can really do it in the future, than gold may be useless as did the toilet paper, called fiat

i didn't think about that possibility, now i know that gold won't be my second choice for future investments, i might rather go with a good altcoin like monero or dash, even litecoin feel more secure at this point...

also if it will be possible with gold, it will be possible with any other metal....

[Argwai96]

the problem with gold is this lady could come and steal it from you https://www.youtube.com/watch?v=DYUJPCDfnOk, but on the real note there is a higher violent rate in gold mines then bitcoin farms.

[deisik]

It's not "fake" gold. It's actually the real thing, just the process needs to evolve to become cheaper and faster. Right now it only allows to make small amounts just to prove it can be done, once it goes industrial there will be no need to dig for gold or recycle electronics to get it.

http://www.cnet.com/news/bling-researchers-create-24k-gold-in-the-lab/

Quote from the article:

To put it lightly, something sensational happens upon feeding large concentrations of toxic gold chloride (also known as liquid gold) to the bacteria Cupriavidus metallidurans. After about a week's time, the bacterium creates a 24-karat gold nugget from the digested toxins.

I think there are a lot of chemical processes to get pure gold from gold chloride that would do the trick much cheaper. The sensational part is that gold chloride is fed to some bacteria that metabolize it into metallic gold...

Gold bugs can sleep peacefully so far

[bitcoinmar]

Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.

As technology working this can happen in near future and Gold can drop very badly so better thing is just invest some in Bitcoin because this could be not going down as this gold

[manselr]

Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.

I don't think creating actual gold is possible.. to me it sounds like some sci-fi stuff. But now, it doesn't need to be perfect to pass as real if the person evaluating it isn't a true expert. As a result, we can say that gold is infinitely times easier to fake than Bitcoin, because basically the concept of fake Bitcoin is absurd thanks to the blockchain and it's encryption features and the decentralized ledger.

[bill gator]

My opinion is that as a protocol and mechanism for value transfer it has even greater intrinsic value than gold.

[deisik]

Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.

I don't think creating actual gold is possible.. to me it sounds like some sci-fi stuff. But now, it doesn't need to be perfect to pass as real if the person evaluating it isn't a true expert. As a result, we can say that gold is infinitely times easier to fake than Bitcoin, because basically the concept of fake Bitcoin is absurd thanks to the blockchain and it's encryption features and the decentralized ledger.

Synthetic diamonds are not sci-fi stuff since 1950s. They have properties that are superior to those of most naturally formed diamonds. Synthetic single-crystal diamonds are actually harder than any known "organic" diamond. Lab grown gem-quality diamonds can in fact be identical to naturally occurring ones by their physical and optical qualities (or even better)...

Did it somehow affect the diamonds market?

[AlexGR]

Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.

well then bitcoin feel already more secure than a possible fake gold, if they can really do it in the future, than gold may be useless as did the toilet paper, called fiat

i didn't think about that possibility, now i know that gold won't be my second choice for future investments, i might rather go with a good altcoin like monero or dash, even litecoin feel more secure at this point...

also if it will be possible with gold, it will be possible with any other metal....

It's not "fake" gold. It's actually the real thing, just the process needs to evolve to become cheaper and faster. Right now it only allows to make small amounts just to prove it can be done, once it goes industrial there will be no need to dig for gold or recycle electronics to get it.

http://www.cnet.com/news/bling-researchers-create-24k-gold-in-the-lab/

The article is wrong, with the "create" title. It's more about chemical / bio-chemical extraction from already existing gold compounds. That's gold that exists already.

Creation would involve nuclear reactions, just like it happens inside a supernova or something.

[bit1]

BTC must be backed for Gold,Silver,Diamonds,etc,   a thing that everybody can hold in yours homes if they want and they can spend in complete freedom. 

[Kapz786]

Bitcoin, because gold is something that probably won't have much of a big change in value in the next 10 years. Bitcoin is the first cryptocurency, many say its the prototype for altcoins. But I think bitcoin's future stands and who knows what it will go through. I'd keep bitcoins instead of gold.

[deisik]

Synthetic diamonds are not sci-fi stuff since 1950s. They have properties that are superior to those of most naturally formed diamonds. Synthetic single-crystal diamonds are actually harder than any known "organic" diamond. Lab grown gem-quality diamonds can in fact be identical to naturally occurring ones by their physical and optical qualities (or even better)...

Did it somehow affect the diamonds market?

No it didn't but you just answered your own question in the sentence above.
Diamonds are priced based on a number of things things: size, purity, color and cut. Synthetic diamonds are of course much purer than natural ones but also much harder, which makes them hard to cut, so they're not really fit for jewelry unless you're willing to spend more money than you would on a natural gem.

That was not a rhetoric question, since I didn't know the answer myself. But I suspected something of the kind, that synthetic diamonds didn't affect the diamond market, despite the fact (which I also mentioned but you evidently preferred not to notice) that they can be made indistinguishable from natural diamonds (so called gem-quality diamonds)...

No one is going to kill the cash cow (the same refers to gold as well)

[Amph]

Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.

well then bitcoin feel already more secure than a possible fake gold, if they can really do it in the future, than gold may be useless as did the toilet paper, called fiat

i didn't think about that possibility, now i know that gold won't be my second choice for future investments, i might rather go with a good altcoin like monero or dash, even litecoin feel more secure at this point...

also if it will be possible with gold, it will be possible with any other metal....

It's not "fake" gold. It's actually the real thing, just the process needs to evolve to become cheaper and faster. Right now it only allows to make small amounts just to prove it can be done, once it goes industrial there will be no need to dig for gold or recycle electronics to get it.

http://www.cnet.com/news/bling-researchers-create-24k-gold-in-the-lab/

The article is wrong, with the "create" title. It's more about chemical / bio-chemical extraction from already existing gold compounds. That's gold that exists already.

Creation would involve nuclear reactions, just like it happens inside a supernova or something.

this could explain why in 2015 its production is still limited, and not because they do not have the technology, but because of gold itself

so the price would not fall too much in the case they start doing more gold from natural gold

also if it really need a thing like that to be produced, in the future it may actually rise the gold price, because it will be hard for them to replicate it

[btc_enigma]

bitcoins for sure. Easily divisible and transported through internet