Tuyul Gupies
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March 04, 2017, 03:10:53 PM |
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Gold, hands down.
Bitcoin is for gambling/trading volatility on steroids, not a serious long term store of wealth.
only gold for jewelry and for investment bitcoin could for investment and a means of payment on line in this case I prefer bitcoin with fluktuativ and competitive prices
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romero121
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March 04, 2017, 03:19:33 PM |
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Why all the network bitcoin compared with gold, although they have only one thing in common, is that they both have a limited amount. That's only gold is the physical body and its value has never slowed down.
The whole point is that the study and implementation of new technologies there is much more expensive and important items and substances. Today, bitcoin has good potential and higher value as opposed to gold. But gold is not the last most expensive stuff in. Of course there is also a platinum, but it is not so much decided to buy, unlike gold. At most only investing in gold. Apart from gold and platinum, there are also other bullion metals such as palladium. I am not mentioning silver here, because I don't consider silver as a bullion metal. The majority of the silver mined every year is used for industrial purposes, and not for investment. As quoted there are lots and lots of metals that are much worthy and valuable than gold and platinum. But gold is the one that gave people the trust because of its usage for value backing by governments. The profiting difference makes people to decide bitcoin or gold upon their need.
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deisik
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March 04, 2017, 03:37:56 PM |
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Why all the network bitcoin compared with gold, although they have only one thing in common, is that they both have a limited amount. That's only gold is the physical body and its value has never slowed down.
The whole point is that the study and implementation of new technologies there is much more expensive and important items and substances. Today, bitcoin has good potential and higher value as opposed to gold. But gold is not the last most expensive stuff in. Of course there is also a platinum, but it is not so much decided to buy, unlike gold. At most only investing in gold. Apart from gold and platinum, there are also other bullion metals such as palladium. I am not mentioning silver here, because I don't consider silver as a bullion metal. The majority of the silver mined every year is used for industrial purposes, and not for investment I'm curious what makes you think that palladium is somehow more precious than silver. Indeed, if we just take a look at the current prices, palladium costs about 774 dollars while silver around 18 dollars per ounce. But we should remember that palladium has also massive use in various industries. For example, it is primarily used as a catalyst in different chemical processes. In fact, more than half of the annual supply of this metal goes into this field. I guess we could well say that it is primarily an industrial metal Other than that, there are a lot of rare metals that cost a lot more than palladium, silver and gold combined
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bitcoin-esperanto
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March 04, 2017, 03:47:02 PM |
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The point for understanding what would be profitable is related time span, for sure now right now I will choose btc, that could become easily a "cubic gold" with a 5 digits value.
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deisik
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March 04, 2017, 04:04:58 PM |
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Okay, we got many predictions about bitcoin, but what do you say for gold and silver in next 5 years? Any chance to fly it to the moon? What I hope for is silver getting to $50 per ounce in that time. For some it may seem like a joke, but I sure think its undervalued right now, and it would make me a decent profit Unlikely, unless dollar gets heavily devalued Silver had once already reached almost 50 dollars per ounce in 2011 if I'm not mistaken. Just when the quantitative easings were running at full capacity, and even those prices had been manipulated (up to a point where an investigation was started). Since then trading rules have changed, and as I said, unless dollar hits the floor, substantially higher gold and silver prices are unlikely (like times greater than now). People which heavily invested in some asset always think that this asset is massively undervalued. Just like those who sold it at lower prices think that it is highly overvalued (so-called ego rubbing) Okay, I appreciate your thoughts, however price was manipulated recently, I think some emails made public, and it was for manipulating price down, not up. Currently if I sold all, I would be at zero profit and loss, and my savings are 40% silver, 20% bitcoin, 40% fiat. I would like to increase bitcoin %, but selling silver now dont feel like a great idea. With bitcoin there is more possible earning in shorter time, but also bigger chance to lose more That's the point that I can't but agree with The problem with gold, silver and other precious metals is that their value cannot increase much on their own. Their price in essence follows the value of the US dollar (in reverse order, obviously), i.e. if the latter appreciates (rises in value), the price of precious metals goes down and vice versa. So even if the dollar plunges heavily, the value of PM's won't increase as much. For example, if the greenback loses its purchasing power by 50% (i.e. twice, which is still unlikely), we could hardly expect that the prices of these shiny metals would increase more than that. Bitcoin, on the contrary, has been gaining in value all by itself, mostly independent of the US dollar, which it just happens to be priced in
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markj113
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March 04, 2017, 04:20:40 PM |
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Apart from gold and platinum, there are also other bullion metals such as palladium. I am not mentioning silver here, because I don't consider silver as a bullion metal. The majority of the silver mined every year is used for industrial purposes, and not for investment.
I think you'll find platinum and palladium are also classed as industrial metals. What you invest in depends heavily where you live e.g. in the UK Gold is tax free whereas every other precious metal is subject to 20% VAT tax (can be reduced by sourcing elsewhere in the EU but tax is still payable taking you way above spot price)
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Oggy1987
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March 04, 2017, 07:49:57 PM |
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Okay, we got many predictions about bitcoin, but what do you say for gold and silver in next 5 years? Any chance to fly it to the moon? What I hope for is silver getting to $50 per ounce in that time. For some it may seem like a joke, but I sure think its undervalued right now, and it would make me a decent profit Unlikely, unless dollar gets heavily devalued Silver had once already reached almost 50 dollars per ounce in 2011 if I'm not mistaken. Just when the quantitative easings were running at full capacity, and even those prices had been manipulated (up to a point where an investigation was started). Since then trading rules have changed, and as I said, unless dollar hits the floor, substantially higher gold and silver prices are unlikely (like times greater than now). People which heavily invested in some asset always think that this asset is massively undervalued. Just like those who sold it at lower prices think that it is highly overvalued (so-called ego rubbing) Okay, I appreciate your thoughts, however price was manipulated recently, I think some emails made public, and it was for manipulating price down, not up. Currently if I sold all, I would be at zero profit and loss, and my savings are 40% silver, 20% bitcoin, 40% fiat. I would like to increase bitcoin %, but selling silver now dont feel like a great idea. With bitcoin there is more possible earning in shorter time, but also bigger chance to lose more That's the point that I can't but agree with The problem with gold, silver and other precious metals is that their value cannot increase much on their own. Their price in essence follows the value of the US dollar (in reverse order, obviously), i.e. if the latter appreciates (rises in value), the price of precious metals goes down and vice versa. So even if the dollar plunges heavily, the value of PM's won't increase as much. For example, if the greenback loses its purchasing power by 50% (i.e. twice, which is still unlikely), we could hardly expect that the prices of these shiny metals would increase more than that. Bitcoin, on the contrary, has been gaining in value all by itself, mostly independent of the US dollar, which it just happens to be priced in Not always true, silver spike in 2011, when it reached $50 per ounce, was caused by solar industry, it had nothing to do with dollar and his value decreasing. Later they figured out a way to replace silver, so they didnt need it that much like they initialy thought, so it drove price down same as it went up. So... I better hope for industry to make up something new, of course something that need plenty of silver for it
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traderethereum
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March 04, 2017, 08:10:58 PM |
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The point for understanding what would be profitable is related time span, for sure now right now I will choose btc, that could become easily a "cubic gold" with a 5 digits value.
i will choose bitcoin too like you, i see that bitcoin have a good future and i think its good for to trying with bitcoin because bitcoin can be get for free and i don't have to spend my money, i can have it for free by doing anything. but for gold, i think i should buy it and for now, my money isn't enough to buy gold.
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ultimatesky
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March 04, 2017, 08:52:30 PM |
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Being able to buy both is probably the best. I find gold very stable and secure when it comes to it's value. Especially in unstable currency markets.
Bitcoin is in a way the exact opposite. Bearish/Bullish and thus very volatile.
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deisik
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March 05, 2017, 09:14:19 AM |
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Okay, we got many predictions about bitcoin, but what do you say for gold and silver in next 5 years? Any chance to fly it to the moon? What I hope for is silver getting to $50 per ounce in that time. For some it may seem like a joke, but I sure think its undervalued right now, and it would make me a decent profit Unlikely, unless dollar gets heavily devalued Silver had once already reached almost 50 dollars per ounce in 2011 if I'm not mistaken. Just when the quantitative easings were running at full capacity, and even those prices had been manipulated (up to a point where an investigation was started). Since then trading rules have changed, and as I said, unless dollar hits the floor, substantially higher gold and silver prices are unlikely (like times greater than now). People which heavily invested in some asset always think that this asset is massively undervalued. Just like those who sold it at lower prices think that it is highly overvalued (so-called ego rubbing) Okay, I appreciate your thoughts, however price was manipulated recently, I think some emails made public, and it was for manipulating price down, not up. Currently if I sold all, I would be at zero profit and loss, and my savings are 40% silver, 20% bitcoin, 40% fiat. I would like to increase bitcoin %, but selling silver now dont feel like a great idea. With bitcoin there is more possible earning in shorter time, but also bigger chance to lose more That's the point that I can't but agree with The problem with gold, silver and other precious metals is that their value cannot increase much on their own. Their price in essence follows the value of the US dollar (in reverse order, obviously), i.e. if the latter appreciates (rises in value), the price of precious metals goes down and vice versa. So even if the dollar plunges heavily, the value of PM's won't increase as much. For example, if the greenback loses its purchasing power by 50% (i.e. twice, which is still unlikely), we could hardly expect that the prices of these shiny metals would increase more than that. Bitcoin, on the contrary, has been gaining in value all by itself, mostly independent of the US dollar, which it just happens to be priced in Not always true, silver spike in 2011, when it reached $50 per ounce, was caused by solar industry, it had nothing to do with dollar and his value decreasing. Later they figured out a way to replace silver, so they didnt need it that much like they initialy thought, so it drove price down same as it went up. So... I better hope for industry to make up something new, of course something that need plenty of silver for it You seem to be heavily misinformed about the real causes behind that rally Just a hint, gold had been rising along with silver as well. But I didn't hear that it was used in the solar sector (though it should have excellent reflectance if that matters, of course). The primary reason behind the price rally in these metals (and this is not just my conclusion) was massive quantitative easing run by the Fed back then, and it meant just that, i.e. devaluation of the dollar. In regard to silver, more specifically, the price surge was also intensified by severe market manipulation, and this is not a secret either. Trading rules were eventually changed after the investigation into the silver market rigging had been conducted soon thereafter
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e-coinomist
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March 05, 2017, 09:21:20 AM |
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Being able to buy both is probably the best. I find gold very stable and secure when it comes to it's value. Especially in unstable currency markets.
Bitcoin is in a way the exact opposite. Bearish/Bullish and thus very volatile.
Sounds like Bitcoin for gambling, shoveling all wins into a gold vault. Parity between Gold and Bitcoin incentivising that move.
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STT
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March 05, 2017, 09:43:18 AM |
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Thats pretty much my thinking. Not that the ratio really relates to accuracy of anything but its mostly likely that gold is undervalued and behind the curve in its appreciation. Silver is used in solar polar, its a very useful practical and efficient metal. Its special in all kinds of ways and in addition it might be used for some secondary monetary use however its primary use is industrial and it will always be mined incidentally and in quite great amounts. Any spike in silver is going to be in the tail end of a system which has lost its integrity, most of us know this is possible now. In recent years silver is less used, less base demand due to photography. Digital cameras use far less silver and none at all in used to create the actual photos of course. Printers use little silver and none in the ink that Ive ever heard of. The rise of electric power is its most likely future growth industry, it has a unique place there so Ive read. There is a big tech release of a new battery recently, its not using silver in that design not sure but I think silver will be relevant in some quantity The other noble metals are often related in demand to car production for pollution and emissions reduction Apart from gold and platinum, there are also other bullion metals such as palladium. I am not mentioning silver here, because I don't consider silver as a bullion metal. The majority of the silver mined every year is used for industrial purposes, and not for investment.
Palladium seems very stable. Ive read it is not suitable for monetary purposes as its not equal in its distribution. Russia has the vast majority of known reserves, in some crazy world Russia is the reserve currency maybe you will see this metal used for that. Hopefully not because it would be equal to our system now where the main producer and controller of dollars is USA and they manipulate the market in their favour debasing worth and distorting capitalism
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deisik
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March 05, 2017, 10:15:46 AM |
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Apart from gold and platinum, there are also other bullion metals such as palladium. I am not mentioning silver here, because I don't consider silver as a bullion metal. The majority of the silver mined every year is used for industrial purposes, and not for investment.
Palladium seems very stable. Ive read it is not suitable for monetary purposes as its not equal in its distribution. Russia has the vast majority of known reserves, in some crazy world Russia is the reserve currency maybe you will see this metal used for that In fact, palladium had been used for monetary purposes in the past Though this usage was rather limited, of course. Ironically, it was used in none other than the former Soviet Union. I refer here to commemorative coins minted from this metal. Maybe, some other counties also minted coins from palladium but I haven't heard about them. I'm not very much into numismatics, honestly, I had a few rare coins in the past but I gave them all away as gifts A Russian tsar, Ivan III, is portrayed on the obverse. He is considered as the founder of what later became known as Russia
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Dimelord
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March 05, 2017, 10:41:16 AM |
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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.
No doubt,i would choose Bitcoin.It has doubled in the last six months from $650 to $1280 now.Block chain system is considered now as the most secure system in the world. There is no fear of loss.It is still expected to increase in future.I hope i could become a millionaire in future by holding large amount of bitcoins.
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Sithara007
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March 05, 2017, 12:33:24 PM |
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I'm curious what makes you think that palladium is somehow more precious than silver. Indeed, if we just take a look at the current prices, palladium costs about 774 dollars while silver around 18 dollars per ounce. But we should remember that palladium has also massive use in various industries. For example, it is primarily used as a catalyst in different chemical processes. In fact, more than half of the annual supply of this metal goes into this field. I guess we could well say that it is primarily an industrial metal
Other than that, there are a lot of rare metals that cost a lot more than palladium, silver and gold combined
Silver is not a rare metal, as around 30,000 tonnes of the metal are mined out annually. Compare that to ~200 tonnes per year for Palladium. That was the only reason why I classified Palladium as a bullion metal suitable for investment, and silver as an industrial metal.
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BeGoods
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March 05, 2017, 12:59:53 PM |
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The point for understanding what would be profitable is related time span, for sure now right now I will choose btc, that could become easily a "cubic gold" with a 5 digits value.
to issue profitable bitcoin might be more on the favorites because bitcoin high potential in the future and bitcoin price changes very fast, so it is very profitable for investors
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markj113
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March 05, 2017, 01:40:18 PM |
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In fact, palladium had been used for monetary purposes in the past Though this usage was rather limited, of course. Ironically, it was used in none other than the former Soviet Union. I refer here to commemorative coins minted from this metal. Maybe, some other counties also minted coins from palladium but I haven't heard about them. I'm not very much into numismatics, honestly, I had a few rare coins in the past but I gave them all away as gifts A Russian tsar, Ivan III, is portrayed on the obverse. He is considered as the founder of what later became known as Russia There is also the Russian palladium ballerina series : Palladium maples : Palladium panda :
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mornabo
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March 05, 2017, 01:57:24 PM |
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The point for understanding what would be profitable is related time span, for sure now right now I will choose btc, that could become easily a "cubic gold" with a 5 digits value.
i will choose bitcoin too like you, i see that bitcoin have a good future and i think its good for to trying with bitcoin because bitcoin can be get for free and i don't have to spend my money, i can have it for free by doing anything. but for gold, i think i should buy it and for now, my money isn't enough to buy gold. yeah bitcoin has a bright future so that bitcoin prices will definitely higher in the future. may be 2 or 3 times higher than current prices so it is recommended to choose bitcoin
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JL421
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March 05, 2017, 02:14:23 PM |
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both are good as gold is more reliable and stable currency of the world, but it think the problem is that most of the people cannot afford both gold and bitcoin, therefore they have to do select only one and i think the best option will be bitcoin as bitcoin can give good profit in a short time becuase bitcoin is not stable and there is always big changes in the price of bitcoin
Yeah that's right but if you see in terms of affording bitcoin is just like a currency people can buy how much they can afford plus we can sell it whenever want. And if you see the statistics the price of gold is declining from many years. Gold is one of the best investment that you could have. Investment with this usually made to hedge against macroeconomic uncertainty. Right now, gold fell as the dollar gained after an interest rate hike after Federal expectations. On the other hand, bitcoin has now established price which a good proof that it is a great investment now compare to gold. Wait what I didn't get your point in starting you saying gold is a better investment and then you conclude by saying bitcoin is a better investment could you please stick to one point and also I would counter your gold part if you see bitcoin is mostly increasing even if there is a really drastic drop while gold if there's a really big drop it takes years to recover.
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finity
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March 05, 2017, 04:20:32 PM |
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both are good as gold is more reliable and stable currency of the world, but it think the problem is that most of the people cannot afford both gold and bitcoin, therefore they have to do select only one and i think the best option will be bitcoin as bitcoin can give good profit in a short time becuase bitcoin is not stable and there is always big changes in the price of bitcoin
Yeah that's right but if you see in terms of affording bitcoin is just like a currency people can buy how much they can afford plus we can sell it whenever want. And if you see the statistics the price of gold is declining from many years. Gold is one of the best investment that you could have. Investment with this usually made to hedge against macroeconomic uncertainty. Right now, gold fell as the dollar gained after an interest rate hike after Federal expectations. On the other hand, bitcoin has now established price which a good proof that it is a great investment now compare to gold. Wait what I didn't get your point in starting you saying gold is a better investment and then you conclude by saying bitcoin is a better investment could you please stick to one point and also I would counter your gold part if you see bitcoin is mostly increasing even if there is a really drastic drop while gold if there's a really big drop it takes years to recover. That's right bitcoin has an ability to bounce back in quick time which is never possible with gold and if you compare the price then bitcoin will be much higher in future as the supply of bitcoin is limited and when demand will go higher in future it will directly contribute to the higher price of bitcoins.
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