ShakyhandsBTCer
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 24, 2014, 05:01:19 AM |
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For long term, gold.
You can see and touch gold. And it can exists as a stand alone item without dependency on technology. It has proven itself to be money for longer than 1000 years.
As for bitcoin, you can't touch and see bitcoin. It can not exists without the blockchain and internet. It hasn't proven itself to be money for more than 2-3 years.
Gold will likely have somewhat of a store of value over the long term. The issue with gold is that is it expensive to store and keep safe. The cost to store gold goes up as the amount of gold that you have goes up. With bitcoin the additional cost to store and keep safe one additional bitcoin is zero as you could simply transfer that one bitcoin to an address whose private key is safe. This is a very good point about costs of storage. It should be noted that gold is also much more difficult/expensive to move and as a result is not quite as fungible as gold stored in remote places would be worth less then gold stored near a financial center
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fudbuster
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June 24, 2014, 03:17:05 PM |
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Definitely Bitcoin. The problem with gold is that it is manipulated and suppressed by the "powers that be". They have no such control over Bitcoin.
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Harley997
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June 25, 2014, 01:18:56 AM |
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Given the amount of potential growth between the two I think I will stick with bitcoin thank you very much.
What about the stability factor?
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Benjig
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June 25, 2014, 02:20:45 AM |
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Given the amount of potential growth between the two I think I will stick with bitcoin thank you very much.
What about the stability factor? Indeed gold can be better than fiat, but not than bitcoin, with bitcoin if you lose a little in a downtrend, you can be sure that you will recover that and more in next months, gold bear market has been for 2 years now.
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arbitrage001
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June 25, 2014, 02:22:44 AM |
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Definitely Bitcoin. The problem with gold is that it is manipulated and suppressed by the "powers that be". They have no such control over Bitcoin.
If you are talking about the gold price being suppressed, then you should buy it up as much as you can as no government/organization in the world can suppress long term price for long.
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Harley997
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June 25, 2014, 03:51:20 AM |
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Given the amount of potential growth between the two I think I will stick with bitcoin thank you very much.
What about the stability factor? Indeed gold can be better than fiat, but not than bitcoin, with bitcoin if you lose a little in a downtrend, you can be sure that you will recover that and more in next months, gold bear market has been for 2 years now. This would not necessarily continue to be the way the bitcoin market works. Gold has a much larger more established market
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ShakyhandsBTCer
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 25, 2014, 03:53:45 AM |
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Definitely Bitcoin. The problem with gold is that it is manipulated and suppressed by the "powers that be". They have no such control over Bitcoin.
Who manipulates the price of gold? Wouldn't it take nothing more then money in order to control the price of any market. The larger the market the more money it would take to manipulate.
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trader001
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June 25, 2014, 04:30:39 AM |
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Bitcoin does have some vulnerabilities. It wasn't too long ago when people thought 51% attack isn't possible/economically feasible. And we turn out to be wrong.
The computing power needed to crack the private key on wallet isn't available yet and widely to be believe to be not achievable at this point. How long before we turn out to be wrong again?
Long term wise, gold is still preferable to bitcoin.
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Swordsoffreedom
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June 25, 2014, 04:40:38 AM |
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A nice pile of Gold would be nice to have but not really usable In terms of usability having some Bitcoin would be nice so Bitcoin here (Which I can use to purchase gold from some suppliers in coin form ^_^)
Gold Bitcoin with a QR code I'll take the best of both worlds.
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suryc
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June 25, 2014, 07:30:12 AM |
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Definitely Bitcoin. The problem with gold is that it is manipulated and suppressed by the "powers that be". They have no such control over Bitcoin.
Who manipulates the price of gold? Wouldn't it take nothing more then money in order to control the price of any market. The larger the market the more money it would take to manipulate. This is true... any market can be controlled and manipulated given a big sufficient resources (bankroll). Bitcoin is not immune to that rule and anyone that thinks differently is delusional. The market for gold is a few orders of magnitude larger than the market for bitcoin, so I would venture to say if you want an asset with an intrinsic value that can't be manipulated, you should choose gold.
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s1ng
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June 25, 2014, 09:28:58 AM |
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Bitcoin is virtual "money" How to get it? Mine it Who make it? bitcoin as i know is something that control by computer Although it use cryptography as basis data for security, we can't deny that someone make this. As we know , every security has a "hole" that can be crack someday
How about gold? Gold is the most malleable of all metals; a single gram can be beaten into a sheet of 1 square meter, or an ounce into 300 square feet How to get it ? Mine it Who make it ? Nature
So i prefer gold than bitcoin
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atp1916
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June 25, 2014, 09:32:39 AM |
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Given the amount of potential growth between the two I think I will stick with bitcoin thank you very much.
What about the stability factor? There will be no price stability until the last block taps out....20 years from now.
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deisik
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June 25, 2014, 09:34:46 AM |
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Definitely Bitcoin. The problem with gold is that it is manipulated and suppressed by the "powers that be". They have no such control over Bitcoin.
Who manipulates the price of gold? Wouldn't it take nothing more then money in order to control the price of any market. The larger the market the more money it would take to manipulate. This is true... any market can be controlled and manipulated given a big sufficient resources (bankroll). Bitcoin is not immune to that rule and anyone that thinks differently is delusional. The market for gold is a few orders of magnitude larger than the market for bitcoin, so I would venture to say if you want an asset with an intrinsic value that can't be manipulated, you should choose gold. In respect to Bitcoin, this is all theory as of yet. Not sure about gold, but if we take a look at silver (which like gold has "intrinsic" value too), it was heavily manipulated at least the last 35 years (just don't know about what happened earlier)... Remember the Silver Thursday and the Hunt brothers who tried to corner the silver market in 1980? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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wenben
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June 26, 2014, 02:00:06 AM |
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Definitely Bitcoin. The problem with gold is that it is manipulated and suppressed by the "powers that be". They have no such control over Bitcoin.
Who manipulates the price of gold? Wouldn't it take nothing more then money in order to control the price of any market. The larger the market the more money it would take to manipulate. This is true... any market can be controlled and manipulated given a big sufficient resources (bankroll). Bitcoin is not immune to that rule and anyone that thinks differently is delusional. The market for gold is a few orders of magnitude larger than the market for bitcoin, so I would venture to say if you want an asset with an intrinsic value that can't be manipulated, you should choose gold. In respect to Bitcoin, this is all theory as of yet. Not sure about gold, but if we take a look at silver (which like gold has "intrinsic" value too), it was heavily manipulated at least the last 35 years (just don't know about what happened earlier)... Remember the Silver Thursday and the Hunt brothers who tried to corner the silver market in 1980? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) And the Hunt brothers get burned badly. Which kind of tell people long term price can not be manipulated no matter how powerful the individual/government is.
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Nawaytes
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June 26, 2014, 06:20:25 AM |
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I prefer the gold, gold is a long time player in the field of investment. the price is stable, if it does not fall too low. in contrast to bitcoin, which if falls can be tens to hundreds of dollars.
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ALToids
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June 26, 2014, 06:43:53 AM |
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I prefer the gold, gold is a long time player in the field of investment. the price is stable, if it does not fall too low. in contrast to bitcoin, which if falls can be tens to hundreds of dollars.
Gold has gone from above $2000 to $1200 in more or less 2 year. That's not tens, it's almost a thousand.
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APSJEX.com
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June 26, 2014, 07:03:31 AM |
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Definitely Bitcoin. The problem with gold is that it is manipulated and suppressed by the "powers that be". They have no such control over Bitcoin. Bitcoin it's IT Gold
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APSJEX.com
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June 26, 2014, 07:59:46 AM |
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STT
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June 27, 2014, 12:04:51 AM |
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And the Hunt brothers get burned badly. Which kind of tell people long term price can not be manipulated no matter how powerful the individual/government is.
He used leverage and futures contract plus of course others had joined in on the trade like some of the Arabs, so there was a swing effect and it smacked him in the mouth. Fairly sure he broke his own rules by using that leverage to buy silver, if he had balanced it by also owning a silver mine so all contracts he took could be hedged on some timeline then it maybe have worked. JP morgan does own a silver mine and with much chagrin sells silver contracts with leverage, they probably do quite well from that. The relevance to bitcoin is that we saw recently fractional reserve bitcoin exchange breakdown and we may see other failures as people get the exchange rate to dollar wrong even short term. The main deal is not centralise that failure, the Hunts failed to propagate their idea beyond speculators. This is a shame as we've seen solid money is much in need and they were not wrong on that
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sukamasoto
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June 27, 2014, 04:07:57 AM |
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If given a choice to walk away with either Bitcoin or gold of equivalent value, what would you pick? Asians and Westerners were asked in Taipei in Chinese and English if they would take Bitcoin or gold home with them that day, and the answer might surprise you... http://www.youtube.com/watch?v=m6GiC8dqN9AWe just shot a video outside the Taipei 101 skyscraper area here and gave people a chance to answer if they would walk away with either Bitcoin or gold- and why. If you were approached and were offered the same deal, would you walk away with Bitcoin or gold in your pocket, and why??? I prefer gold because gold prices always go up With the ever bitcoin another case with an uncertain price at any time
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