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Author Topic: Bitcoin or Gold? What would you pick?  (Read 299014 times)
STT
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May 02, 2014, 01:43:32 AM
 #21

Quote
It took 6 days for $ to show up as cleared funds when I sold btc via exchange.


Thats a bad exchange not the coin itself.     A simple escrow sale will have btc to cash in under an hour usually

Quote
Silver was introduced because gold is not easily divisible.

Main thing is silver is more common and you get silver whether you want it or not. Its a by product of mining lead and a few other far more common metals.   Gold I think is fairly rare to turn up in other mines, not specifically seeking it.

Anyway Im objecting to - not easily divisible.  Gold has some extreme qualities to it, I believe they make sheets of it to place on cakes.   They cost less then a dollar each and the stupidly rich actually eat the gold, its wafer thin and does no harm (but no good either)

A recent project I heard is gold notes.  They have plastic see through notes say similar to Australian dollars, but inside you can see a sheet of gold like above but intended to be used for cash

a random google - An ounce of gold can be stretched into a wire 80km (50miles) long or beaten into a sheet covering 9 square metres

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frobley
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May 02, 2014, 09:02:29 AM
 #22

Quote
It took 6 days for $ to show up as cleared funds when I sold btc via exchange.


Thats a bad exchange not the coin itself.     A simple escrow sale will have btc to cash in under an hour usually

Quote
Silver was introduced because gold is not easily divisible.

Main thing is silver is more common and you get silver whether you want it or not. Its a by product of mining lead and a few other far more common metals.   Gold I think is fairly rare to turn up in other mines, not specifically seeking it.

Anyway Im objecting to - not easily divisible.  Gold has some extreme qualities to it, I believe they make sheets of it to place on cakes.   They cost less then a dollar each and the stupidly rich actually eat the gold, its wafer thin and does no harm (but no good either)

A recent project I heard is gold notes.  They have plastic see through notes say similar to Australian dollars, but inside you can see a sheet of gold like above but intended to be used for cash

a random google - An ounce of gold can be stretched into a wire 80km (50miles) long or beaten into a sheet covering 9 square metres

not true, it's bitstamp and they made the transfer around 12 hrs after I supplied AML check docs, which I uploaded immediately.
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June 02, 2014, 07:31:37 PM
 #23

Both  Grin
DolanDuck
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June 02, 2014, 07:34:35 PM
 #24

If I have to choose among only one of them I'd pick bitcoins, but in real I would invest 80% btc and 20% gold.

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June 02, 2014, 08:06:39 PM
 #25

I wouldnt invest solely in either bitcoin nor gold as they both fluctuate greatly. maybe 75% bitcoin and 25% gold with those percentages varying depending on the news surrounding both commodities.
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June 02, 2014, 09:54:25 PM
 #26

You sell someone cheap gold and its real but you have a partner round the corner ready to mug this person with their new gold in their pocket.   You'd have seen that tactic in braveheart if you remember that film

Are you sure that wasn't the movie Rob Roy with smokin hot Jessica Lange?

Awesome flick.  Watched it again the other day.



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Trading
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June 02, 2014, 11:32:39 PM
 #27

Gold has the trust of maybe 5000 years of world tradition.

Actually, since gold is very rare also in the universe (as other heavy elements, can only be produce in supernovas or even perhaps only on the collision of neutron stars), if there are other intelligent species out there, I bet they will also consider gold as precious.

However, I would chose clearly bitcoin. Unless there is huge inflation, Gold has little to promised. Bitcoin is full of possibilities.

The Rock Trading Exchange forges its order books with bots, uses them to scam customers and is trying to appropriate 35000 euro from a forum member https://bitcointalk.org/index.php?topic=4975753.0
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June 03, 2014, 01:58:43 AM
 #28



Quote
made the transfer around 12 hrs after I supplied AML check docs

So it'll be quicker next time then, fair enough.    


Bitcoin is better trade and gold a better hold from what I see.   Gold you bury under an oak tree and your grandchildren can inherit your wealth, thats hard to say with anything else and be as transportable but bitcoin does beat it hands down for speed and ease of application.
  The spread on gold is quite massive, to quote one dealer 'its not worth my while bothering for less then $10,000'   Most of us need something reliable for amounts far smaller

Are you sure that wasn't the movie Rob Roy with smokin hot Jessica Lange?

Awesome flick.  Watched it again the other day.

Oh dam yea.  I knew it was something Scottish, theres an epic sword fight at the end

spoiler = http://www.youtube.com/watch?v=27M5KWI_q50

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June 03, 2014, 02:31:26 AM
 #29

Gold...
Who wouldn't invest their $100,000 in gold rather than Bitcoin
For a 10 year investment, gold wins every single time.
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June 03, 2014, 03:32:43 AM
 #30

The ounce of gold in 10 years went from 470 in 2004 to about 1890 usds. Now, stands much lower.

Bitcoin went from 13 usds in January of 2013 to 1160 (Bitstamp) in just one year. It stands at 670.

The Rock Trading Exchange forges its order books with bots, uses them to scam customers and is trying to appropriate 35000 euro from a forum member https://bitcointalk.org/index.php?topic=4975753.0
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June 03, 2014, 04:17:54 AM
 #31

Gold doesn't erode government power. Give me bit coin.

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June 03, 2014, 04:19:27 AM
 #32

gold is too heavy to carry

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June 03, 2014, 04:47:05 AM
 #33

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=m6GiC8dqN9A

We 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???


Both are way different from each other and they shouldn't be compared but if I have to I'd pick gold. Why?

Because of it's universal acceptance, Gold is like cash which is accepted everywhere and it can be cashed out anywhere anytime.

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June 03, 2014, 07:34:21 AM
 #34

bitcoin without any doubt, virtual gold, with tons of features
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June 03, 2014, 07:40:10 AM
 #35

i own both gold and btc.  i have more faith that my btc will never be stolen. my gold could easily be stolen.  yes, you can steal my bitcoin wallet, but good luck figuring out the password. 
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June 03, 2014, 07:41:21 AM
 #36

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=m6GiC8dqN9A

We 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???


Both are way different from each other and they shouldn't be compared but if I have to I'd pick gold. Why?

Because of it's universal acceptance, Gold is like cash which is accepted everywhere and it can be cashed out anywhere anytime.

You can't go to the grocery store and buy milk with gold. You have to actively seek out a trader to get value for your gold and have security plans in place to get it there. Gold is also very difficult to divide into smaller units. Right now I would say bit coin is a better currency than gold.

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June 03, 2014, 08:00:13 AM
 #37

You can't compare them together like this. But still i would prefer 60% btc 40% gold.
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June 03, 2014, 08:11:51 AM
 #38

Bitcoin any time.

My BTC address : 1KfS1c14Tg2hgQEVz2bCJeFox6FpyYFvM6
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June 03, 2014, 09:38:05 AM
 #39

 I have long already had and still have both Bitcoin's and Gold bullion.


 I used to trust only in physical gold bullion, just in case the worst of times ever came.

 That changed a while ago, in fact well over a year ago!


 I presently, finally believe and confess to all that Bitcoin is the Strongest Store of Value ever created.

 (math+science) x 21m/btc x dominating the marketplace = best store of value as of June 2014.

 The odds are greatly in favor of Bitcoin already being "the Microsoft" of Decentralized Cryptocurrency.


 It's self evident why I believe Bitcoin is now the strongest store of value. (If one understands what I understand).

 But I still adore and treasure that shiny yellow heavy medal. It's also a must for every prudent person's portfolio.


 Bitcoin is the Strongest Store of Value starting in June 2014.

 Nothing will outperform Bitcoin year over year (roughly every 8 to 18 months) for an extremely likely minimum of a few more years time.
All while the naysayers end up crying their way to their bitter end.

 The next "Microsoft type of success" is Bitcoin. It's going to sweep all over this world, just like Microsoft, but do much, much more.
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June 03, 2014, 09:51:05 AM
 #40

Gold...
Who wouldn't invest their $100,000 in gold rather than Bitcoin
For a 10 year investment, gold wins every single time.

Bitcoin is rather a payment system. Not really an investment.
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