kjlimo
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July 05, 2015, 10:25:00 PM |
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Looks like the price of Bitcoin went up 10% the past week; gold has remained level or decreased.
Gold is likely a better store of value for now, but merely a growing pain.
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bank of bits
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July 05, 2015, 11:14:17 PM |
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Bitcoin definitely won't replace gold as a store of value. But if bitcoin is successful, it stands a good chance of cutting into the gold market, which is absolutely massive. If bitcoin takes just a few percent, the impact will be very substantial.
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bajing
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July 06, 2015, 04:49:55 AM |
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Looks like the price of Bitcoin went up 10% the past week; gold has remained level or decreased.
Gold is likely a better store of value for now, but merely a growing pain.
you meant better bitcoin than gold? i guess bitcoin can't replace gold, gold is good for long time investment. |
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HarHarHar9965
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July 06, 2015, 05:38:42 AM |
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Looks like the price of Bitcoin went up 10% the past week; gold has remained level or decreased.
Gold is likely a better store of value for now, but merely a growing pain.
you meant better bitcoin than gold? i guess bitcoin can't replace gold, gold is good for long time investment. We should either question if we really want bitcoin to replace gold? I mean, what's the point? Considering that it becomes such a pure investment, it will lose the beauty it has in trading and people won't use it as trading anymore but treat it just as an investment. We will come back to square one. Less trading will again decrease its worth and we will be kicked off the market again. I'd rather have it where it exactly is, right now. A trading currency and also an investment. |
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BTCevo
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July 06, 2015, 04:07:59 PM |
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If Bitcoin becomes the store of value for the majority of the people unbanked, it could replace gold as the preferred medium for storing wealth.
To replace gold bitcoin must make the price stable enough because compared to gold bitcoin is too far to make it stable. And one more thing that without the volatility of bitcoin, bitcoin will lose their attractive to people because bitcoin will no longer as a trading but a pure investment. So it must be considered well enough bitcoin is fairly stable recently, if we can maintain this climbing, we can have both, stability and a good price also volatility it's bad only when bitcoin falls, not when it's rise for evident reasons, this is not true for merchants, but it is true for holders Yes but we need more adoption to maintain this climbing, with low response from people I dont think this will stay longer Volatility affects all people not when it falls, when its high people will start to buy too and when people but in a wrong time they will suffer a loss too but in other side we need volatilty to earn more profit so sometimes it will need volatility but not too often |
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greBit
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July 06, 2015, 04:32:57 PM |
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Looks like the price of Bitcoin went up 10% the past week; gold has remained level or decreased.
Gold is likely a better store of value for now, but merely a growing pain.
you meant better bitcoin than gold? i guess bitcoin can't replace gold, gold is good for long time investment. We should either question if we really want bitcoin to replace gold? I mean, what's the point? Considering that it becomes such a pure investment, it will lose the beauty it has in trading and people won't use it as trading anymore but treat it just as an investment. We will come back to square one. Less trading will again decrease its worth and we will be kicked off the market again. I'd rather have it where it exactly is, right now. A trading currency and also an investment. Yes, the whole point of bitcoin being the best currency is that it is decentralized, that the collapse risk is less, it is less to carry and it can be used for trade. That trade is exactly what makes it strong, and that is the reason why bitcoin will grow. The potential of bitcoin growing is the reason why it is an investment, and that is what makes it what it is. It is perfect as a crypto currency & investment  |
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adzino
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July 06, 2015, 06:21:27 PM |
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Obviously gold is an excellent store of wealth. The problem with it is that modern economies require fast long-distance transactions. Gold is not suited for that, in fact its transactional shortcomings were felt in the 1600s when goldsmith's receipts became early paper money.
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BTCevo
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July 07, 2015, 01:48:25 AM |
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Obviously gold is an excellent store of wealth. The problem with it is that modern economies require fast long-distance transactions. Gold is not suited for that, in fact its transactional shortcomings were felt in the 1600s when goldsmith's receipts became early paper money.
Of course gold is not suited for transaction because this is not 1200s that people use it for trade with something. Gold is only purely investment, otherwise nowadays you can make bit as your investment and start using bitcoin as method of payment and it is easier. But compare to the price gold is more stable than bitcoin |
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iWokeUpLate
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July 07, 2015, 05:45:13 AM |
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Gold is better then bitcoin would love to invest in it as it is the best investment product and don't go with the present prices just think of the future and it will definitely give best return on investments.
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Amph
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July 07, 2015, 06:18:32 AM |
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If Bitcoin becomes the store of value for the majority of the people unbanked, it could replace gold as the preferred medium for storing wealth.
To replace gold bitcoin must make the price stable enough because compared to gold bitcoin is too far to make it stable. And one more thing that without the volatility of bitcoin, bitcoin will lose their attractive to people because bitcoin will no longer as a trading but a pure investment. So it must be considered well enough bitcoin is fairly stable recently, if we can maintain this climbing, we can have both, stability and a good price also volatility it's bad only when bitcoin falls, not when it's rise for evident reasons, this is not true for merchants, but it is true for holders Yes but we need more adoption to maintain this climbing, with low response from people I dont think this will stay longer Volatility affects all people not when it falls, when its high people will start to buy too and when people but in a wrong time they will suffer a loss too but in other side we need volatilty to earn more profit so sometimes it will need volatility but not too often if there is low demand and supply we mostly like to stay in this current so stable situation than climbin or falling, we are stuck in a limbo until we can rise, i doubt we can ever fall from now you can't for sure have both, good price and stability at least for the time being Gold is better then bitcoin would love to invest in it as it is the best investment product and don't go with the present prices just think of the future and it will definitely give best return on investments.
the future of gold is even more uncertain than bitcoin, there is nothing that tell us that it will skyrocket, it look more and more like a dead market that will fluctuate between its last ath and current range... bitcoin has a greater chances to rise than to fall, and much more potential as an investments, and for fast profit you can use to short |
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bryant.coleman
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July 07, 2015, 06:54:49 AM |
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the future of gold is even more uncertain than bitcoin, there is nothing that tell us that it will skyrocket, it look more and more like a dead market that will fluctuate between its last ath and current range...
How could you support your argument? In my opinion, The future of gold is stable, while that of Bitcoin is highly uncertain. And it seems that the value of gold will increase in the near future, due to the failure of the fiat currency (Euro might be the first fiat to fall, followed by the Japanese Yen). |
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jeffthebaker
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July 07, 2015, 07:03:51 AM |
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the future of gold is even more uncertain than bitcoin, there is nothing that tell us that it will skyrocket, it look more and more like a dead market that will fluctuate between its last ath and current range...
Are you serious? Gold has been a stable market for 6,000 years, as opposed to Bitcoins stability for the past what - 6 months? Saying Bitcoin is more stable than gold is ludicrous. Like Bitcoin, gold is rare by nature, and in no way is it dying. As far as the future markets, I am almost 100% certain that Bitcoin is much more likely to lose all value than gold. I obviously don't think Bitcoin is going to die, and there are no signs pointing towards its demise, but it's simply not as stable as gold. |
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Amph
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July 07, 2015, 07:19:41 AM |
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the future of gold is even more uncertain than bitcoin, there is nothing that tell us that it will skyrocket, it look more and more like a dead market that will fluctuate between its last ath and current range...
How could you support your argument? In my opinion, The future of gold is stable, while that of Bitcoin is highly uncertain. And it seems that the value of gold will increase in the near future, due to the failure of the fiat currency (Euro might be the first fiat to fall, followed by the Japanese Yen). i never sayid that it was not stable, i'm saying that its stability it is what is holding back gold from growing, an asset that cannot grow after all those years it's not a good asset, especially a thing like gold that is supposed to be a store of value also it is uncertain, because apaprently gold can be reproduced in a non-natural way, and its limited supply its not really limited
the future of gold is even more uncertain than bitcoin, there is nothing that tell us that it will skyrocket, it look more and more like a dead market that will fluctuate between its last ath and current range...
Are you serious? Gold has been a stable market for 6,000 years, as opposed to Bitcoins stability for the past what - 6 months? Saying Bitcoin is more stable than gold is ludicrous. Like Bitcoin, gold is rare by nature, and in no way is it dying. As far as the future markets, I am almost 100% certain that Bitcoin is much more likely to lose all value than gold. I obviously don't think Bitcoin is going to die, and there are no signs pointing towards its demise, but it's simply not as stable as gold. never said that it is more stable than gold, apparently you can not read well, i'm only saying that gold is going no where and its great stability is proving it bitcoin on the other hand has a much greater chance to rise |
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oxiyusuf
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July 07, 2015, 07:27:09 AM |
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the future of gold is even more uncertain than bitcoin, there is nothing that tell us that it will skyrocket, it look more and more like a dead market that will fluctuate between its last ath and current range...
Are you serious? Gold has been a stable market for 6,000 years, as opposed to Bitcoins stability for the past what - 6 months? Saying Bitcoin is more stable than gold is ludicrous. Like Bitcoin, gold is rare by nature, and in no way is it dying. As far as the future markets, I am almost 100% certain that Bitcoin is much more likely to lose all value than gold. I obviously don't think Bitcoin is going to die, and there are no signs pointing towards its demise, but it's simply not as stable as gold. gold is the best investment because it has long been in use, and bitcoin started familiar a few years ago, and the price is very good bitcoin if made in currency trading, because of the rapid changes in the price, but if you want to store gold is a good choice |
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hoewer4what
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July 07, 2015, 07:30:31 AM |
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I would ask for the option - 'gold bitcoin' and that is what I would choose. Failing that I would choose bitcoin and buy gold adding a priv key to it so my wish would come true lol
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jeffthebaker
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July 07, 2015, 07:35:48 AM |
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the future of gold is even more uncertain than bitcoin, there is nothing that tell us that it will skyrocket, it look more and more like a dead market that will fluctuate between its last ath and current range...
Are you serious? Gold has been a stable market for 6,000 years, as opposed to Bitcoins stability for the past what - 6 months? Saying Bitcoin is more stable than gold is ludicrous. Like Bitcoin, gold is rare by nature, and in no way is it dying. As far as the future markets, I am almost 100% certain that Bitcoin is much more likely to lose all value than gold. I obviously don't think Bitcoin is going to die, and there are no signs pointing towards its demise, but it's simply not as stable as gold. never said that it is more stable than gold, apparently you can not read well, i'm only saying that gold is going no where and its great stability is proving it bitcoin on the other hand has a much greater chance to rise My apologies for misenterpreting "uncertain" as "instable". Either way, your certainty that gold is going to remain stagnant counters your idea that the future of gold is "uncertain". |
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Amph
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July 07, 2015, 07:54:02 AM |
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the future of gold is even more uncertain than bitcoin, there is nothing that tell us that it will skyrocket, it look more and more like a dead market that will fluctuate between its last ath and current range...
Are you serious? Gold has been a stable market for 6,000 years, as opposed to Bitcoins stability for the past what - 6 months? Saying Bitcoin is more stable than gold is ludicrous. Like Bitcoin, gold is rare by nature, and in no way is it dying. As far as the future markets, I am almost 100% certain that Bitcoin is much more likely to lose all value than gold. I obviously don't think Bitcoin is going to die, and there are no signs pointing towards its demise, but it's simply not as stable as gold. never said that it is more stable than gold, apparently you can not read well, i'm only saying that gold is going no where and its great stability is proving it bitcoin on the other hand has a much greater chance to rise My apologies for misenterpreting "uncertain" as "instable". Either way, your certainty that gold is going to remain stagnant counters your idea that the future of gold is "uncertain". actually no, stable was referred to its current state, while uncertain was referring to a distant future, because more gold can be produced(in lab not with a good efficiency now but maybe in the future) or discovered uncertain and stable are not mutually exclusive, something can remain stable for so long and then disappear or be ignored because something better come out.... |
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randy8777
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July 07, 2015, 08:54:32 AM |
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as far as an investment, i will choose bitcoin over gold. bitcoin has way more room for long term growth compared to gold.
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OrientA
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July 07, 2015, 01:46:43 PM |
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as far as an investment, i will choose bitcoin over gold. bitcoin has way more room for long term growth compared to gold.
We can also use bitcoin for some daily transaction. The transaction cost is lower than gold. |
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HarHarHar9965
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July 08, 2015, 11:20:25 AM |
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as far as an investment, i will choose bitcoin over gold. bitcoin has way more room for long term growth compared to gold.
I think the opposite. Gold is scarce, there is not much gold left and it has been around since a long time, even your parents might have used it for trade, or your grand parents. Bitcoins is relatively new, it is certainly much risky to invest in, and considering 'room' for long term growth, gold is much more secure and safe compared to bitcoins. I have invested in both, hoping to reap benefits from both |
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