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Author Topic: Bitcoin or Gold? What would you pick?  (Read 298881 times)
MedaR
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April 20, 2016, 04:21:36 PM
 #2141


I am not sure about the value of Silver. Silver is not a very rare metal, unlike gold, platinum, palladium, osmium.etc. Some 850 million Oz. of silver is mined every year (i.e around 26,000 tonnes). And moreover, more than 75% of the annual silver production is used for purposes such as manufacturing of electronics, photography.etc.


Industry is hungry for silver and this demand for silver will drastically rise over time, no matter. At this prices mining is almost not profitable. You must look at historical relations between silver and gold and everything will be very clear.

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April 20, 2016, 05:57:31 PM
 #2142

Silver is an industrial metal as well as all the others things and its also mined incidentally not always delibrately.   Its a much harder case to consider.  

Quote
All precious metals and gems will be more valuable over time.
yea but the confusion is price will certainly rise.   Value may drop while price rises, this is possible.   The idea with gold is not that you make a fast buck but thats its value never changes ever.   Silver being different as it depends on its usage, like old photos needed it and now digital photos dont.  However there is solar panels which do use silver but with oil so low.........  its complicated

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April 20, 2016, 06:03:24 PM
 #2143

There is a hell of a lot going on with gold behind the scenes right now like the new china gold price fix, banks admitting fraudulent price fixing etc.

Well worth doing s little research as we could see significant price movements in the near future.
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April 20, 2016, 07:49:03 PM
 #2144

All precious metals and gems will be more valuable over time. Bitcoin have good chances to join the club but i believe not for a long, if it is not used as a money it will lost his purpose..Investment will last only till majority do not  decide to exit.
Yeah, gems and gold have long time value, while bitcoin just like other currency depends on the choice of people, if people leaved it to adopt it will lose its value and so in that case keeping it for the future is just kicking our money.
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April 20, 2016, 09:15:56 PM
 #2145

Gold is much ahead in popularity, and much more preferred, when compared to Bitcoins. Billions around the world use gold, compared to the few hundred thousand who prefer Bitcoins.

And gold is shiny, heavy and pleasant to hold Smiley

and everyone will love the sparkle of gold for a very attractive when used as accessories Smiley
though it is not money at all, at least not the money that you would like to spend on the regular basis paying for the goods you are buying, thoguh thats just my opinion

i would definitely go with bitcoins to be honest because im expecting to make a lot of money out of it in the future, by just holding it in my cold wallet and waiting for price increases

 
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April 20, 2016, 10:49:25 PM
 #2146

after looking at the chart of bitcoin for the previous two days I will pick up the bitcoin, as nowadays the only asset which will benefit me is bitcon not gold, gold is also beneficial but it is a slow process to increase our wealth with that, however we can store our investment in gold form for a long time.
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April 21, 2016, 12:00:43 AM
 #2147

after looking at the chart of bitcoin for the previous two days I will pick up the bitcoin, as nowadays the only asset which will benefit me is bitcon not gold, gold is also beneficial but it is a slow process to increase our wealth with that, however we can store our investment in gold form for a long time.

True, bitcoin is risky but can make a good profit faster than gold. Gold also needs a good quality to make good profit and many other stuff.

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April 21, 2016, 01:52:24 AM
 #2148

All precious metals and gems will be more valuable over time. Bitcoin have good chances to join the club but i believe not for a long, if it is not used as a money it will lost his purpose..Investment will last only till majority do not  decide to exit.
bitcoin does not have the form of metals or gems? is it have potential? gold, gemst, or any other metal will remain valuable because they have appeal in terms of jewelry. so they have a price which could be accounted.
how the price of bitcoin? bitcoin is not jewelery?
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April 21, 2016, 02:54:28 AM
 #2149

If I understand you correctly, then metal has a worth beyond jewellery.    Gold could still be used as money even if it was a dull green and disliked in appearance, the value comes from its unique elemental properties I think such as being very malleable and easy to measure, fairly durable and unreactive to corrosion.   But yea I agree that base demand does help from those desire its look but I think it'd be used anyway.  Gold does have industrial use but mostly its too expensive

The bitcoin has a worth for allowing reliable transactions.   Its a super token passable to anyone and very fast and cheap, I guess thats its 'worth'    Way back  a few years I thought namecoin would be worth alot of money as it has a side function as an alternative DNS chain for holding webpage addresses.  I thought that could be its base use, bitcoin has some kind of record holding ability but not really enough to give a base use to it so far as I know

Quote
new china gold price fix

news to me but Ive been convinced China is a major player in gold and currency generally and that will change the world quite possibly.   Their power play in the south east asia sea and so on, they are not happy just to be 2nd to dollars forever

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April 21, 2016, 03:43:16 AM
 #2150

bitcoin is a short-term investment. and the gold is a long-term investment. If you choose a profitable investment for the time being, the gold is the most appropriate and wise. the price of gold every year has increased. it is my opinion.
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April 21, 2016, 03:08:24 PM
 #2151

I would pick gold because gold is always going up in value. Even tho the price can drop some times over the long run the price is always going up. This is why I would choose gold above of Bitcoin.
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April 21, 2016, 04:13:12 PM
 #2152

I would spread my money on both. Gold and Bitcoin has their value and both are excellent ways to save money from fiat money printing excesses.

For that reason, I bought one half Gold and the other half I have invested into Bitcoin.

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April 21, 2016, 04:34:46 PM
 #2153

I would spread my money on both. Gold and Bitcoin has their value and both are excellent ways to save money from fiat money printing excesses.

For that reason, I bought one half Gold and the other half I have invested into Bitcoin.

Spreading your money into several investment tools is good, but 50/50 is too much on the Gold part if you ask me. I would keep it at 80% Bitcoin and 20% Gold. Mainly because I strongly believe that Bitcoin will net me a higher percentage than Gold in a few years time.
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April 21, 2016, 04:35:33 PM
 #2154

I would go for them both because they both have a good future and I also think they are both gonna rise in its price soon or later.
Most likely the bitcoin will do this soon and the gold will do this on a long term.
I think this is the time for bitcoin, if you pick only bitcoin then it will better for you now in this time, gold is also better but it will benefit us slowly, no one knows that when will gold price increase and if increases then only a low amount and once after a long time. But with bitcoin, we can be very much sure about price rise around upcoming halving.
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April 21, 2016, 05:16:54 PM
 #2155

I would pick gold because gold is always going up in value. Even tho the price can drop some times over the long run the price is always going up. This is why I would choose gold above of Bitcoin.

Bitcoin has a lot more potential and you can make legitimate big gains if you know how to play the ups and downs. We are now in a down After Halving in bitcoins we can see the good price in the market. Approximately 1000$...
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April 23, 2016, 12:01:22 PM
 #2156

Ok but let be clear bitcoin now have very good value and many early adopters are rich now, but for the rest of us this train is gone we can earn with it but not become rich with it. Silver is underpriced but still have and will have more usage over time. Gold is standard, you wont become rich if you buy gold today, probably this value will stay same for ages. Dollar and many other currencies will lose their value, this is different story..

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April 23, 2016, 01:24:07 PM
 #2157

Ok but let be clear bitcoin now have very good value and many early adopters are rich now, but for the rest of us this train is gone we can earn with it but not become rich with it. Silver is underpriced but still have and will have more usage over time. Gold is standard, you wont become rich if you buy gold today, probably this value will stay same for ages. Dollar and many other currencies will lose their value, this is different story..

I think that depends on what you call becoming rich. True I don't see many people becoming billionaires off of bitcoin like the early adopters but you could still get a really good return on your investments and this could still improve your lifestyle dramatically.
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April 23, 2016, 01:25:58 PM
 #2158

Ok but let be clear bitcoin now have very good value and many early adopters are rich now, but for the rest of us this train is gone we can earn with it but not become rich with it. Silver is underpriced but still have and will have more usage over time. Gold is standard, you wont become rich if you buy gold today, probably this value will stay same for ages. Dollar and many other currencies will lose their value, this is different story..

I think that depends on what you call becoming rich. True I don't see many people becoming billionaires off of bitcoin like the early adopters but you could still get a really good return on your investments and this could still improve your lifestyle dramatically.

Exactly bitcoin means extra income which can surely contribute to your life style and can improve your standard of living, comparatively best investment product at a moment.
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April 28, 2016, 04:22:27 PM
 #2159

Ok but let be clear bitcoin now have very good value and many early adopters are rich now, but for the rest of us this train is gone we can earn with it but not become rich with it. Silver is underpriced but still have and will have more usage over time. Gold is standard, you wont become rich if you buy gold today, probably this value will stay same for ages. Dollar and many other currencies will lose their value, this is different story..

I think that depends on what you call becoming rich. True I don't see many people becoming billionaires off of bitcoin like the early adopters but you could still get a really good return on your investments and this could still improve your lifestyle dramatically.

Exactly bitcoin means extra income which can surely contribute to your life style and can improve your standard of living, comparatively best investment product at a moment.

If you have 10 bitcoins now, that will be small proportion of your wealth. But in 20 years, it will be a bigger portion.

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April 28, 2016, 04:47:29 PM
 #2160

I would pick bitcoin because I think it has a bigger upside than gold right now.

 
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