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Author Topic: Bitcoin or gold?  (Read 984412 times)
DrPepperJC
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March 30, 2017, 12:51:08 PM
 #7261

bitcoin actually also has a great potential in the future. see the gold reserves in the world have limits and will continue to decrease each year. Imagine the price of gold when gold reserves have been exhausted?

According to forecasts, gold reserves will end in about 20 years. Thus, investing in gold can still be accumulated to get a good profit in old age. At this time, for faster profits, it is more profitable to invest in bitcoin.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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March 30, 2017, 03:02:53 PM
 #7262

bitcoin actually also has a great potential in the future. see the gold reserves in the world have limits and will continue to decrease each year. Imagine the price of gold when gold reserves have been exhausted?

According to forecasts, gold reserves will end in about 20 years. Thus, investing in gold can still be accumulated to get a good profit in old age. At this time, for faster profits, it is more profitable to invest in bitcoin.
Investing in bitcoin first is a good move because it will help you to grow your money faster than gold and just after a few years, you will be able to at least times 3 of your capital and you can now invest the some of your profit into gold for some secured investment that might help you after the bitcoin is gone.
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March 30, 2017, 03:19:37 PM
 #7263

bitcoin actually also has a great potential in the future. see the gold reserves in the world have limits and will continue to decrease each year. Imagine the price of gold when gold reserves have been exhausted?

According to forecasts, gold reserves will end in about 20 years. Thus, investing in gold can still be accumulated to get a good profit in old age. At this time, for faster profits, it is more profitable to invest in bitcoin.

I wouldn't trust experts so blindly. They are usually manipulators hired by big companies. I also favor gold over bitcoin but it's because i have my own reasons not because someone told me so.

Bitcoin can't even solve a simple fucking problem (scaling) at this rate. You can't fork it, you can't upgrade it, what are we going to do? If nothing happens, it will stuck at 1k$ for decades while scamcoins like ETH taking over.

And there is gold; which is backed by the history of men since the dark ages. Never failed to carry its value.

Don't get me wrong i like bitcoin, i hold some and i want it to succeed but comparing it to gold is insane.

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Cherylstar86
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March 30, 2017, 06:43:47 PM
 #7264

bitcoin actually also has a great potential in the future. see the gold reserves in the world have limits and will continue to decrease each year. Imagine the price of gold when gold reserves have been exhausted?

According to forecasts, gold reserves will end in about 20 years. Thus, investing in gold can still be accumulated to get a good profit in old age. At this time, for faster profits, it is more profitable to invest in bitcoin.
Investing in bitcoin first is a good move because it will help you to grow your money faster than gold and just after a few years, you will be able to at least times 3 of your capital and you can now invest the some of your profit into gold for some secured investment that might help you after the bitcoin is gone.

I don't think you can grow your money nowadays because price is so fluctuating and there maybe times is price breakthrough when it come to decreasing from higher to lower value. But most of all if bitcoin compared to gold it totally differs of its price appraisal, because gold rises every year with a minimal amount; but bitcoin fluctuates higher price that gold could never do.
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March 30, 2017, 07:36:26 PM
 #7265

I don't think you can grow your money nowadays because price is so fluctuating and there maybe times is price breakthrough when it come to decreasing from higher to lower value. But most of all if bitcoin compared to gold it totally differs of its price appraisal, because gold rises every year with a minimal amount; but bitcoin fluctuates higher price that gold could never do.

If you're long term minded, then short term fluctuations won't be something you have to worry about. If you look at how the price has gone up throughout the years, it has proven exactly that. Other than that, gold isn't that special and scarce that it increases in value every year. Even gold experiences years where the value is lowering. Markets are based on supply and demand, and thus there is no way for the demand to be so strong each year, that you are guaranteed to realize growth. Gold is no exception.
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March 31, 2017, 09:53:18 AM
 #7266

bitcoin actually also has a great potential in the future. see the gold reserves in the world have limits and will continue to decrease each year. Imagine the price of gold when gold reserves have been exhausted?

According to forecasts, gold reserves will end in about 20 years. Thus, investing in gold can still be accumulated to get a good profit in old age. At this time, for faster profits, it is more profitable to invest in bitcoin.
Investing in bitcoin first is a good move because it will help you to grow your money faster than gold and just after a few years, you will be able to at least times 3 of your capital and you can now invest the some of your profit into gold for some secured investment that might help you after the bitcoin is gone.

But remember one thing that there is no guaranty that if you invest money in bitcoin in few years it may grow 3 to 4 times. If some really bad news comes against bitcoins prices can go back to very low. These coins are not regulated by any governments so prices will move very quickly in both directions. So it is not advised to keep all or more money in only bitcoins instead invest some in bitcoins and more in gold. Because gold is more stable investment.
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March 31, 2017, 09:58:20 AM
 #7267

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose?

In 10 years gold will be where it is now or a bit higher, nothing more. Bitcoin 10 years from now can worth 10 thousand dollars, or to not be here at all. With bitcoins risk is higher and profit on the end can be higher, with gold investment is safer but profit in the end will not be so high. In my current financial situation I would chose bitcoins, its all or nothing. If I`m rich, I would consider bitcoin as investment, and gold as saving.
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March 31, 2017, 10:11:31 AM
 #7268

In addition to the price, you still need to assess the possible risks. When investing in gold, they are much less than when investing in cryptocurrency. And this is very important for investors.

It is quite understandable. Low-risk investment assets such as treasury bonds and bullion (including gold) usually give low annual returns. If you want greater returns, then you need to go for HYIPs and other high-risk investments such as Bitcoin.


Its better to invest in bitcoin instead of investing in any hyips where the chances of getting cheated are very high as most of the sites turns out to be a scam in long run and you also don't have control on your funds but if you have bitcoin then you can sell it anytime you want to make profits.

Exactly, before bitcoin, I have invested in many hyips but most of them out to be a scam because it has more risk involved when compared to gambling. Instead of investing money into hyips better invest them into bitcoin because there are many chances that price of bitcoin will increase.


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sunsilk
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March 31, 2017, 11:17:14 AM
 #7269

bitcoin actually also has a great potential in the future. see the gold reserves in the world have limits and will continue to decrease each year. Imagine the price of gold when gold reserves have been exhausted?

I don't know about that thing with gold but it looks like it will be a reason to make gold's value decreasing. Maybe someone can give more information it.

I will always choose bitcoin instead of gold, I find the market of bitcoin to be promising and it's favorable to me.

The volatility of bitcoin is making me love the way of earning with and it's effortless.

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March 31, 2017, 11:31:17 AM
 #7270

In addition to the price, you still need to assess the possible risks. When investing in gold, they are much less than when investing in cryptocurrency. And this is very important for investors.

It is quite understandable. Low-risk investment assets such as treasury bonds and bullion (including gold) usually give low annual returns. If you want greater returns, then you need to go for HYIPs and other high-risk investments such as Bitcoin.

I think that bitcoin is not as risky as the pyramids. Bitcoin is not controlled by anyone, depends on users and is suitable for short-term investments. And the HYIPs are created by scammers and profits can only be obtained if you enter at the very beginning.

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March 31, 2017, 11:36:50 AM
 #7271

In addition to the price, you still need to assess the possible risks. When investing in gold, they are much less than when investing in cryptocurrency. And this is very important for investors.

It is quite understandable. Low-risk investment assets such as treasury bonds and bullion (including gold) usually give low annual returns. If you want greater returns, then you need to go for HYIPs and other high-risk investments such as Bitcoin.

I think that bitcoin is not as risky as the pyramids. Bitcoin is not controlled by anyone, depends on users and is suitable for short-term investments. And the HYIPs are created by scammers and profits can only be obtained if you enter at the very beginning.

It is completely unpredictable because who knows when they are going to close the HYIP website. I suggest all the people when it comes to investment bitcoin is the best option, we have another investment option that is altcoin investment, but you should know the knowledge of trading.
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March 31, 2017, 12:55:58 PM
 #7272

A pyramid scheme cannot work on a basic level because it is not serving any greater purpose.  Its just a form of false market with supply which is not limited and no special integrity to the transactions.
People accused bitcoin of being false with no purpose but this is not true as it is comparble to international foreign exchange of currency which costs money to do.  In some cases bitcoin is unique and far faster, a superior product.

So if you put cost and use of bitcoin on one side of a page and on the other, the alternative cost to achieve the same transfer of value.   You have a basic case for that business to have use and so worth.


If we do this with HYIP and comparing to any other product its not proven as useful or unique.    Even if prices appear to go up, the money going into the product is less then comes out.   Its unequal and some will profit and that is why its a fraud as overall society is worse off for this kind of operation.

Do this with gold, again some will say Gold has no purpose to its existence. Its just people bidding up shiny jewellery as a metal.   However Gold is unique, as an element it contains a combination that no other metal has.   It has a use as not rusting or degrading in its base amount, it stays the same forever.  Society then does have a worth for it. 
You can compare it to other products in cost and decide yourself which is most worthy product.   It should not show up as a fraud though any product can become overvalued vs its use, this may happen with bitcoin also.

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March 31, 2017, 01:35:33 PM
 #7273

Bitcoin actually also has a great potential in the future. see the gold reserves in the world have limits and will continue to decrease each year. Imagine the price of gold when gold reserves have been exhausted?

According to forecasts, gold reserves will end in about 20 years. Thus, investing in gold can still be accumulated to get a good profit in old age. At this time, for faster profits, it is more profitable to invest in bitcoin.
Investing in bitcoin first is a good move because it will help you to grow your money faster than gold and just after a few years, you will be able to at least times 3 of your capital and you can now invest the some of your profit into gold for some secured investment that might help you after the bitcoin is gone.

https://www.rt.com/business/382654-china-gold-deposit-reserves/
New discoveries can change this numbers for gold, as has done for crude oil so many times. Both assets (BTC and gold), however, are finite. We simply don't how much gold is left out there.
That's why makes sense BTC price going much higher than gold. And BTC also is more useful than gold for our daily needs.

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April 01, 2017, 06:32:40 PM
 #7274

Both
Yeah they are both significant to me, only the difference in gold there is an assurance in which weekly it will increase unlike in bitcoin it is anonymous, and the volatile was good sometimes and there is a time also that its being reducing  the value.
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April 01, 2017, 06:42:11 PM
 #7275

I know, that a normal person would choose the gold from the bitcoin, perhaps because they do not know how to unleash the potential bitcoin. but, for those who know it, I am sure, they prefer to take a bitcoin, rather than gold if the same amount.
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April 02, 2017, 05:30:06 AM
 #7276

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.
If it is for ten years,then i would chose bitcoin as its price is gradually increasing and its easily transferable to any parts of the world.Though bitcoin has only crossed its initial stage, still its security has been proven by its block chain technology.
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April 02, 2017, 05:41:23 AM
 #7277

I know, that a normal person would choose the gold from the bitcoin, perhaps because they do not know how to unleash the potential bitcoin. but, for those who know it, I am sure, they prefer to take a bitcoin, rather than gold if the same amount.
Most of the people in this forum who are 99.99% are bitcoiners will absolutely choose bitcoin Because they know the value and advantage of bitcoin in real ways because we are with the bitcoin from a long ago and also if we are newbie then we can say that how much the fluctuation in the price can give Profit for us .
But here I myself will favour not for the one of them , I will choose both I will invest my 60% of money in bitcoin and rest of them in the gold .
Because​ I think what will happen if the government of my country gave the new rule for the use of bitcoin , in that case I will came across Many problems .
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April 02, 2017, 06:06:11 AM
 #7278

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.
If it is for ten years,then i would chose bitcoin as its price is gradually increasing and its easily transferable to any parts of the world.Though bitcoin has only crossed its initial stage, still its security has been proven by its block chain technology.
may choose two is better. both can provide such great advantage if we use it very well. combines the advantages of both will make you rich quickly. gold investment in the long term, and make trades with bitcoin.

.SUGAR.
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CloudStrife
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April 02, 2017, 06:21:53 AM
 #7279

Sometimes people overestimate the value of gold. If you do a thorough market study, you may realize that much of the liquidity of this is due to the fact that there are a lot of investors speculating on this, and a significant portion of the value of gold is also attributed to speculation, rather than to real use cases, as many people think.
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April 02, 2017, 06:23:34 AM
 #7280

Both
Yeah they are both significant to me, only the difference in gold there is an assurance in which weekly it will increase unlike in bitcoin it is anonymous, and the volatile was good sometimes and there is a time also that its being reducing  the value.
I think bitcoin price reduction is not entirely negative. because this would provide an opportunity for us to get bitcoin at a low price. Bitcoin is volatile so we only need to wait until bitcoin prices rise again. when compared to gold the fluctuation of bitcoin price is bigger but this would provide an opportunity for people who only have a small capital to invest. in contrast to gold, only those people who have big capital will get a lot of profit from gold. And also we need to wait until a few next years to get significant profit from gold.

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