|
HarHarHar9965
|
 |
August 23, 2015, 04:10:26 PM |
|
i will pick bitcoin...i never liked gold ...maybe if i have bitcoin in one day i will be very reach  ) Are you sure that you will become rich with bitcoins? Bitcoin market is very small so it can go any extreme position either 500+ or zero level but gold will surely increase slow and forever. So i will choose gold for my long term investment How can you state that gold will increase forever? Its been decreasing value per year for the past 5 years, reaching its all time lo this year. The only reason bitcoin succeeds gold is for its potential, because its value can increase 10 fold-100 fold but gold? No, I don't think so. I've seen companies gone which were there for a century, what is a shiny object in comparison? Things change. |
|
|
|
|
markj113
Legendary
 Offline
Activity: 2254
Merit: 1043
|
|
August 23, 2015, 04:32:30 PM |
|
i will pick bitcoin...i never liked gold ...maybe if i have bitcoin in one day i will be very reach ) Are you sure that you will become rich with bitcoins? Bitcoin market is very small so it can go any extreme position either 500+ or zero level but gold will surely increase slow and forever. So i will choose gold for my long term investment How can you state that gold will increase forever? Its been decreasing value per year for the past 5 years, reaching its all time lo this year. The only reason bitcoin succeeds gold is for its potential, because its value can increase 10 fold-100 fold but gold? No, I don't think so. I've seen companies gone which were there for a century, what is a shiny object in comparison? Things change. Bitcoin has already dropped over 80% from its all time high and showing no signs of increasing any time soon. The gold position is currently strengthening and is now on an upward trend. I've seen companies gone which were there for a century, what is a shiny object in comparison? Things change. Ive got a few sovereigns that are over 100 years old and the are still worth a nice bit of cash, will bitcoin still be around in a hundred years - dont think so. |
|
|
|
|
|
HarHarHar9965
|
|
August 23, 2015, 04:36:12 PM |
|
i will pick bitcoin...i never liked gold ...maybe if i have bitcoin in one day i will be very reach ) Are you sure that you will become rich with bitcoins? Bitcoin market is very small so it can go any extreme position either 500+ or zero level but gold will surely increase slow and forever. So i will choose gold for my long term investment How can you state that gold will increase forever? Its been decreasing value per year for the past 5 years, reaching its all time lo this year. The only reason bitcoin succeeds gold is for its potential, because its value can increase 10 fold-100 fold but gold? No, I don't think so. I've seen companies gone which were there for a century, what is a shiny object in comparison? Things change. Bitcoin has already dropped over 80% from its all time high and showing no signs of increasing any time soon. The gold position is currently strengthening and is now on an upward trend. from something which was considered digital scrap and 50 cents being a big value for bitcoins at one point of time, it boosted to 1200$ so you should rather calculate the better asset by considering its potential rather than considering its currency value, because as I said things changed before, things are changing right now and things will definitely change in the future. The only thing inevitable is change. |
|
|
|
|
|
Kingno.1
|
|
August 23, 2015, 04:40:31 PM |
|
I'll probably pick both of them.
I mean those both are assets and so valuable.
But Bitcoin is having more potential to grow in future as compared to gold which is having approximately stable prices.
|
|
|
|
|
deisik
Legendary
Offline
Activity: 3542
Merit: 1280
English ⬄ Russian Translation Services
|
|
August 23, 2015, 05:58:45 PM |
|
How can you state that gold will increase forever? Its been decreasing value per year for the past 5 years, reaching its all time lo this year. The only reason bitcoin succeeds gold is for its potential, because its value can increase 10 fold-100 fold but gold? No, I don't think so. I've seen companies gone which were there for a century, what is a shiny object in comparison? Things change. This is pretty easy to explain. Gold has been falling since 2012 (surely not the past 5 years) when the Fed finally stopped printing money as hell (QEs, actually Ctrl-P's). Till then gold had been soaring since the beginning of millennium. To reach back there it has yet to fall three times from where it is now... The bottom line is that gold will appreciate since the dollar is doomed to depreciate in the long run. This is a given |
|
|
|
OROBTC
Legendary
Offline
Activity: 2968
Merit: 1895
|
|
August 23, 2015, 08:29:38 PM |
|
How can you state that gold will increase forever? Its been decreasing value per year for the past 5 years, reaching its all time lo this year. The only reason bitcoin succeeds gold is for its potential, because its value can increase 10 fold-100 fold but gold? No, I don't think so. I've seen companies gone which were there for a century, what is a shiny object in comparison? Things change. This is pretty easy to explain. Gold has been falling since 2012 (surely not the past 5 years) when the Fed finally stopped printing money as hell (QEs, actually Ctrl-P's). Till then gold had been soaring since the beginning of millennium. To reach back there it has yet to fall three times from where it is now... The bottom line is that gold will appreciate since the dollar is doomed to depreciate in the long run. This is a given Yes. Gold has also been around much longer than the dollar. 5000 years longer. Supply of dollars will almost surely expand than supply of physical gold. Even if BTC becomes used worldwide, there will always be lots of people (myself especially included) who will take gold. "There is always someone around who will take your gold." (meaning they would take it as payment) -- traditional "When you get gold, you have already been paid." (meaning FIAT$ need to be changed into food, services, etc.; EXCHANGED again) -- FOFOA |
|
|
|
|
|
HarHarHar9965
|
|
August 24, 2015, 05:34:26 AM |
|
How can you state that gold will increase forever? Its been decreasing value per year for the past 5 years, reaching its all time lo this year. The only reason bitcoin succeeds gold is for its potential, because its value can increase 10 fold-100 fold but gold? No, I don't think so. I've seen companies gone which were there for a century, what is a shiny object in comparison? Things change. This is pretty easy to explain. Gold has been falling since 2012 (surely not the past 5 years) when the Fed finally stopped printing money as hell (QEs, actually Ctrl-P's). Till then gold had been soaring since the beginning of millennium. To reach back there it has yet to fall three times from where it is now... The bottom line is that gold will appreciate since the dollar is doomed to depreciate in the long run. This is a given Yes. Gold has also been around much longer than the dollar. 5000 years longer. Supply of dollars will almost surely expand than supply of physical gold. Even if BTC becomes used worldwide, there will always be lots of people (myself especially included) who will take gold. "There is always someone around who will take your gold." (meaning they would take it as payment) -- traditional "When you get gold, you have already been paid." (meaning FIAT$ need to be changed into food, services, etc.; EXCHANGED again) -- FOFOA oh I seem to understand now. Gold will always have an upper hand when compared to fiat, even dollar, because fiat has to be exchanged again in return of goods and services while Gold having more value, is already a payment received. Gold has been around for long, but noticing that it lacks a lot of qualities to be treated as a currency, isn't it more of an asset... |
|
|
|
|
|
wxa7115
|
|
August 24, 2015, 07:28:34 AM |
|
As of right now, Gold has very long story and as such I will chose gold, but BTC is looking more and more tempting every year, so maybe in 10 years my response will be different.
|
|
|
|
|
|
HeroCat
|
|
August 24, 2015, 02:07:26 PM |
|
I would pick the Bitcoin. What can I do with gold ? Nothing  |
|
|
|
|
markj113
Legendary
Offline
Activity: 2254
Merit: 1043
|
|
August 24, 2015, 02:12:49 PM |
|
I would pick the Bitcoin. What can I do with gold ? Nothing Wonder what that ring is made from in your profile pic, is it gold or magical physical bitcoin  |
|
|
|
|
|
aakashsangwan
|
|
August 24, 2015, 05:16:58 PM |
|
I would pick the Bitcoin. What can I do with gold ? Nothing Wonder what that ring is made from in your profile pic, is it gold or magical physical bitcoin No, that ring is a work of art. Purely it is pixels altogether forming an image of ring. So in it there is no gold and bitcoins used. |
|
|
|
markj113
Legendary
Offline
Activity: 2254
Merit: 1043
|
|
August 24, 2015, 05:31:07 PM |
|
I would pick the Bitcoin. What can I do with gold ? Nothing Wonder what that ring is made from in your profile pic, is it gold or magical physical bitcoin No, that ring is a work of art. Purely it is pixels altogether forming an image of ring. So in it there is no gold and bitcoins used. The image is made to represent gold though smartass |
|
|
|
|
|
HarHarHar9965
|
|
August 24, 2015, 05:34:13 PM |
|
I would pick the Bitcoin. What can I do with gold ? Nothing Wonder what that ring is made from in your profile pic, is it gold or magical physical bitcoin No, that ring is a work of art. Purely it is pixels altogether forming an image of ring. So in it there is no gold and bitcoins used. The image is made to represent gold though smartass some people just really fail to understand sarcasm, poor guy was really arguing that the image is made of pixels and digital technology and not gold or something  Oh, god, why am a part of signature campaigns, to read such BS? No matter what a person chooses, Gold or bitcoin, it could only be speculated, its worth and value is decided based on situations, adoption of the currency and the trust of people. |
|
|
|
|
|
neochiny
|
|
August 24, 2015, 05:39:45 PM |
|
i prefer gold.... because in bitcoin you cannot really tell what will happen. besides when you dont have an electricity in one place, you cannot use your bitcoins. while in gold you can sell it anywhere...
|
|
|
|
|
HarHarHar9965
|
|
August 24, 2015, 05:50:15 PM |
|
i prefer gold.... because in bitcoin you cannot really tell what will happen. besides when you dont have an electricity in one place, you cannot use your bitcoins. while in gold you can sell it anywhere...
If bitcoin are as unpreditable as you say, you can also only speculate the price of gold, its also an investment too. In terms of electricity, bitcoin could be accessed and controlled through sms service, from any basic phone at any time, any hour. And talking about selling bitcoins, they are sold in exchanges, similar to gold. Nobody will buy Gold from you directly, very rare case of that happening.. So think before you type shit, noob |
|
|
|
|
SimpleIn
Member
Offline
Activity: 84
Merit: 10
|
|
August 24, 2015, 06:25:39 PM |
|
At the moment gold, bitcoin isnt too strong for now.
Gold presently sells near its average cost of production, how can it be stronger than bitcoin right now?  Gold is much more stable. Money invested in gold does not burn through, and not depreciate. |
|
|
|
|
Amph
Legendary
Offline
Activity: 3248
Merit: 1070
|
|
August 24, 2015, 08:50:38 PM |
|
seeing how bitcoin is still new it has more potential to rise than to fall, at least this how i see it, instead gold is old nothing revolutionary about it anymore
i'm not expecting gold to ever overcome its peak another time, it will fluctuate in the current price range forever
Forever?! I remember you saying about a week ago that the best bottom for Bitcoin was at 250... Now that we are at 230 (and still crashing down), all that I can say is beware of false prophets, wtf... well obviously the crash was caused by the drama about xt and core, it's not a real crash it's a pure panic selling mode, or just someone take advantage of the fork to inculcate fear among investors and manipulating the market to cause a crash i'm not taking this crash in consideration, and anyway i'm not nostradamus i can be wrong, nothing bad about it, this does not mean that i should not declare my opinion on the matter Lol, I'm not blaming you for the wrong prediction on Bitcoin price dynamics. But you have said that gold is forever stuck where it is now... See the difference? late answer from me here, but...not really... i said that it will fluctuate in the current range, which is different than remaining stuck at current price, i was talking about something like 800-1200 |
|
|
|
|
|
techgeek
|
|
August 24, 2015, 09:07:21 PM |
|
At this point it would be nice to have more then 70% in gold, then bitcoin.
Ever since with the technical scare with how people and the bitcoin split the price is dropping and I rather seek for security like everyone else.
|
|
|
|
|
lissandra
|
|
August 24, 2015, 10:15:32 PM |
|
At the moment gold, bitcoin isnt too strong for now.
Gold presently sells near its average cost of production, how can it be stronger than bitcoin right now? Gold is much more stable. Money invested in gold does not burn through, and not depreciate. Gold is stable, but it also becomes less of value eventually when the market doesnt want it too. Its the same concept of supply and demand, and youll see the value rise again when we have another financial collapse. |
|
|
|
|
luciann
|
|
August 24, 2015, 11:04:31 PM |
|
i prefer gold.... because in bitcoin you cannot really tell what will happen. besides when you dont have an electricity in one place, you cannot use your bitcoins. while in gold you can sell it anywhere...
Yeah, just like today how it plunged another $30 difference for no reason and still going down slow. Its almost near $200ish barely holding, so i feel most of this is based on the news of the bitcoin split and no one wants hold it. |
|
|
|
|
