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Author Topic: Bitcoin or gold?  (Read 984455 times)
batang_bitcoin
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December 02, 2016, 12:41:03 AM
 #6101

Gold is rare, BUT bitcoin is more rarer than gold.

How do you reach that conclusion? I don't consider Bitcoin as "rare". If you have a reliable supply of electricity and a good mining rig, then you can mine Bitcoins from your home as well. But for mining gold, you need to travel to far away places.
There are going to be only 21 million bitcoin unless they change the code and most accept it, while gold is rare in the planet, the universe is immense so there are lots and lots of gold in asteroids and other planets, and while that may sound like science fiction some estimates say we could begin space mining in 2 centuries.

I do not think they will change the code. If they increase the number of bitcoin by just 1, the price will crash.
I was not suggesting for the code to be changed in fact despite all the incredible features of bitcoin one of the best things is the cap at 21 million, Satoshi without a doubt thought this through.
but most likely bitcoin will become one of the investment and transaction tool that has the ability to invest more than gold. Well, the price of bitcoin is always increasing and likely to exceed the current gold price. bitcoin can also be used for long-term investment case of gold. so I think bitcoin will become something shiny than gold in the future

you are absolutely right. With such growth rates Bitcoin very soon it will be more expensive than gold. And not just for a few dollars, and in some times. That is why more profitable to invest in Bitcoin

Bitcoin will be the digital gold and this is going to be considered as better than gold by many people. Just look at the price of bitcoin it is now becoming higher and higher as the day goes by. And for sure as the 2017 is coming more beautiful things to come with bitcoin. Let's just don't expect that bad things will come and hopefully it will surpass golds market cap.
For current when we compared with gold maybe yes, but there are still many countries that make gold as an investment. What is bitcoin is the best a coin? For now yes, but many cryptocurrency analysts who still doubt the bitcoin is best. The current security problems and speed became an important issued. Thus an observer cryptocurrency more recommend another coin i.e. Monero or Etherium could replace the bitcoin.

I don't think that those alt coins will be able to replace bitcoins if you can see the market cap of crypto currencies it is clear that the highest and on the number 1 list is bitcoin. And it will be just for those other crypto's to replace bitcoin when they will able to surpass the current market cap of bitcoin or else everyone will return to gold.

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December 02, 2016, 01:07:22 AM
 #6102

I heartily recommend to never selling all the gold you have for the sake of bitcoin. No one knows anyone and dares to guarantee that bitcoin is always beneficial. If at any time the price is going down, sure you will cry because you loss.
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December 02, 2016, 01:56:08 AM
 #6103

Gold has already its moment, and it had happened on the last 30 years, bitcoin its happening now, and all years bitcoin its bringing amazing results to all members, this after the crash from 1200 to 200 dollars. A huge advantage of bitcoin over gold its the possibility to earn portion doing some tasks, something we cant do with gold.
I will not discard gold so lightly, I prefer bitcoin myself, but gold has a long story in the world and if something were to happen most people in th world are not going to turn to bitcoin but to gold since it is something they know has value since the beginnings of civilization.
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December 02, 2016, 06:32:33 AM
 #6104

Gold has already its moment, and it had happened on the last 30 years, bitcoin its happening now, and all years bitcoin its bringing amazing results to all members, this after the crash from 1200 to 200 dollars. A huge advantage of bitcoin over gold its the possibility to earn portion doing some tasks, something we cant do with gold.
I will not discard gold so lightly, I prefer bitcoin myself, but gold has a long story in the world and if something were to happen most people in th world are not going to turn to bitcoin but to gold since it is something they know has value since the beginnings of civilization.
Gold is more precious and more valuable, but it will still boils down on our capacity to invest, less than 1% of this world owns a good volume of gold as an investment lower than bitcoin since they can afford to invest with it. I will remain to be a bitcoin lover since with my current status now, it's the best investment for me.

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December 02, 2016, 06:56:47 AM
 #6105

Gold has already its moment, and it had happened on the last 30 years, bitcoin its happening now, and all years bitcoin its bringing amazing results to all members, this after the crash from 1200 to 200 dollars. A huge advantage of bitcoin over gold its the possibility to earn portion doing some tasks, something we cant do with gold.
I will not discard gold so lightly, I prefer bitcoin myself, but gold has a long story in the world and if something were to happen most people in th world are not going to turn to bitcoin but to gold since it is something they know has value since the beginnings of civilization.

When compare with bitcoin gold much in use as of now. However in future bitcoins only gonna rule the world by its demand and supply. I think in the year 2025 bitcoin weould be most costliest stock around the world. Hoping this deed will happen soon.
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December 02, 2016, 07:23:10 AM
 #6106

Both for definite, the thing is, both have their plus and minus points, in this day and age Bitcoin and cryptocurrencies are far more practical but if the world does end you'll still want to have gold and silver on hand just in case, it's also a lot easier to store crypto's for the long run.
I think that investing in cryptocurrencies is considered to be a high risk investment as gold is tends to be much more stable then cryptocurrncies.
If you invest in bitcoin keep in your mind that you can lose everything in a flash light.
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December 02, 2016, 08:49:52 AM
 #6107


I think that investing in cryptocurrencies is considered to be a high risk investment as gold is tends to be much more stable then cryptocurrncies.
If you invest in bitcoin keep in your mind that you can lose everything in a flash light.


I guess Gold is not a safe investment in some countries.
http://www.newindianexpress.com/business/2016/nov/25/prime-minister-modis-next-surgical-strike-on-domestic-gold-holdings-1542518.html
Though it will be a good investment if you pay full taxes, it may take much more years to gain profit..

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December 02, 2016, 10:20:28 AM
 #6108


I think that investing in cryptocurrencies is considered to be a high risk investment as gold is tends to be much more stable then cryptocurrncies.
If you invest in bitcoin keep in your mind that you can lose everything in a flash light.


I guess Gold is not a safe investment in some countries.
http://www.newindianexpress.com/business/2016/nov/25/prime-minister-modis-next-surgical-strike-on-domestic-gold-holdings-1542518.html
Though it will be a good investment if you pay full taxes, it may take much more years to gain profit..
Yes indeed if we want to get a good profit when investing in gold we have to hold it for a long time, because gold is a long-term investment that should be save in the long term. Maybe I do not understand gold investments in several countries, including unsafe, but in my country is very popular gold investment and a lot of people do it. Because it will be can get great profits.
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December 02, 2016, 11:25:03 AM
 #6109

Gold has a stable price right now, BTC will probably rise much higher then gold I believe.
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December 02, 2016, 11:26:47 AM
 #6110


I think that investing in cryptocurrencies is considered to be a high risk investment as gold is tends to be much more stable then cryptocurrncies.
If you invest in bitcoin keep in your mind that you can lose everything in a flash light.


I guess Gold is not a safe investment in some countries.
http://www.newindianexpress.com/business/2016/nov/25/prime-minister-modis-next-surgical-strike-on-domestic-gold-holdings-1542518.html
Though it will be a good investment if you pay full taxes, it may take much more years to gain profit..
Yes indeed if we want to get a good profit when investing in gold we have to hold it for a long time, because gold is a long-term investment that should be save in the long term. Maybe I do not understand gold investments in several countries, including unsafe, but in my country is very popular gold investment and a lot of people do it. Because it will be can get great profits.

That's right, but don't forget the gold is also more stable and you are most likely to lose a lot of money or earn a lot of money if you keep gold.

Bitcoin, at the other hand, can gain you a lot of money in no time, but can also make you lose quite a lot.
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December 02, 2016, 01:28:43 PM
 #6111

Gold, used to be standard behind the fiat currency, so what I mean is that the U.S dollar was backed by GOLD, now you can print the money whenever you like. For me, currently I would rank GOLD as number one, Bitcoin as number two and, fiat as number three.

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December 02, 2016, 01:58:12 PM
 #6112

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.
As we can see the value of Bitcoin and gold they have a high value when we convert it real money. But after 10 years, we don't how of this two is fast increasing worth. As we can see the graph of those two, Bitcoin is the fastest growing cryptocurrency in modern life and the gold is an old so we preferred to choose Bitcoin.
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December 02, 2016, 06:45:28 PM
 #6113

You cant compare gold vs bitcoin, one its digital asset while the other is material asset, people to trust into gold, people dont know bitcoin and dont trust into it. Bitcoin has a huge potencial to break and cross the limits it had achieved in the past of 1200 dollars, over the next years, and maybe at next halving. Gold looks wont go no where from the limit it has achieved, gold has a huge period which made it worth a lot, but now its stable, and looks like those wont change.
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December 03, 2016, 02:10:27 AM
 #6114

Gold, used to be standard behind the fiat currency, so what I mean is that the U.S dollar was backed by GOLD, now you can print the money whenever you like. For me, currently I would rank GOLD as number one, Bitcoin as number two and, fiat as number three.
I will add that silver is also a good option to invest, in fact out of the two gold and silver, silver was the one with the most circulation, basically meaning it was used on more transactions because people used to store their gold.
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December 03, 2016, 09:29:04 AM
 #6115

You cant compare gold vs bitcoin, one its digital asset while the other is material asset, people to trust into gold, people dont know bitcoin and dont trust into it. Bitcoin has a huge potencial to break and cross the limits it had achieved in the past of 1200 dollars, over the next years, and maybe at next halving. Gold looks wont go no where from the limit it has achieved, gold has a huge period which made it worth a lot, but now its stable, and looks like those wont change.

We have to think about that

I know that many gold bugs as well as those heavily sympathizing with them will strongly disagree with that point, but if we are to be honest to ourselves, gold hasn't been performing very well on the whole, at least, for the last 40 years. In fact, its performance was subpar at best. Whenever the price of gold had been surging, it was mainly due to the US dollar in which its price is quoted going down and losing purchasing power, i.e. not gold itself appreciating on its own

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December 03, 2016, 05:26:39 PM
 #6116

I will add that silver is also a good option to invest, in fact out of the two gold and silver, silver was the one with the most circulation, basically meaning it was used on more transactions because people used to store their gold.

I don't consider silver as an investment asset. Most of the mine production of silver is used for purposes such as industrial usage, electronics.etc. Only a small part is converted in to bullion bars/coins. It is not a very rare metal, at least when compared to other precious metals such as gold, platinum, palladium and iridium.

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Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY
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Reply with quote  +Merit  #2
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December 03, 2016, 05:41:05 PM
 #6117

BTC.
Just for the rush lol

But BTC might become smth dope in the future.

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December 03, 2016, 08:19:49 PM
 #6118

BTC.
Just for the rush lol

But BTC might become smth dope in the future.

Bitcoin now is very popular, and many can not imagine their life without it.
I, too, choosing between these two objects choose Bitcoin for the reason that its price is rising faster than the price of gold
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December 04, 2016, 07:42:23 AM
 #6119

You cant compare gold vs bitcoin, one its digital asset while the other is material asset, people to trust into gold, people dont know bitcoin and dont trust into it. Bitcoin has a huge potencial to break and cross the limits it had achieved in the past of 1200 dollars, over the next years, and maybe at next halving. Gold looks wont go no where from the limit it has achieved, gold has a huge period which made it worth a lot, but now its stable, and looks like those wont change.

only comparation return of invest use bitcoin or gold is no problem
but another return of invest, and all in to comparation is not fair
because bitcoin is online comodity not real comodity or digital curency, gold is real comodity, can physic

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pealr12
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December 04, 2016, 10:10:43 AM
 #6120

I would prefer gold, gold price keeps higher and higher as every year ends. My friend told me that i must invest in gold right now for a better future. I dont get what he wants me to do.
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