markj113
Legendary
 Offline
Activity: 2254
Merit: 1043
|
 |
August 29, 2015, 07:57:12 PM |
|
psshhh gold is for noobs. i would go with bitcoin.
even though gold is pretty much guaranteed to go up,it'll be a slow increase in investment. i expect bitcoin to skyrocket in the next years.
Bitcoin is a gamble not an investment. The moon or bust  |
|
|
|
|
|
|
|
|
|
|
|
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
Amph
Legendary
Offline
Activity: 3206
Merit: 1069
|
|
August 30, 2015, 07:20:55 AM |
|
it must be said, also that bitcoin is more new than gold, gold is very ancient, it's not fair to compare the two for now
look at the historcal data, gold started from 450 it seems, and wernt down to 250, in the same time frame of bitcoin, 5 years...
250 right, the same market cap of bitcoin right now, how funny....
|
|
|
|
|
n2004al
Legendary
Offline
Activity: 1134
Merit: 1000
|
|
August 30, 2015, 07:36:06 AM |
|
I'd say Gold because it tends to fluctuate less and increase in price and is secure.
BitCoin could shut down plus devalues too quickly.
No one can tell this. Bitcoin is volatile (that's true) but there are nine months that its price is more stable than other fiat money. And more stable than the price gold itself. Who knows how were going both? |
|
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
|
|
August 30, 2015, 07:57:29 AM |
|
even though gold is pretty much guaranteed to go up,it'll be a slow increase in investment. i expect bitcoin to skyrocket in the next years.
If fundamentals are taken in to account, then the prospects for gold is much better than that of Bitcoin. And is there any solid reason for your expectation that the Bitcoin exchange rate is about to skyrocket? For the past one or two years, we are seeing the adoption of Bitcoin going down. It is becoming less and less mainstream. |
|
|
|
|
deisik
Legendary
Offline
Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
|
|
August 30, 2015, 08:53:40 AM |
|
even though gold is pretty much guaranteed to go up,it'll be a slow increase in investment. i expect bitcoin to skyrocket in the next years.
If fundamentals are taken in to account, then the prospects for gold is much better than that of Bitcoin. And is there any solid reason for your expectation that the Bitcoin exchange rate is about to skyrocket? For the past one or two years, we are seeing the adoption of Bitcoin going down. It is becoming less and less mainstream. As if it had ever been mainstream, to begin with |
|
|
|
|
HarHarHar9965
|
|
August 30, 2015, 11:49:31 AM |
|
More bitcoin is traded in a day than gold despite the widespread knowledge of Gold.
That is not factually correct. Some 20 tonnes of gold is being traded on an average day, and it is worth around $700 million. On the other hand, the daily Bitcoin transaction is measured at around BTC200,000, which is worth some $45 million. This means that worth of gold being traded every day is more than 15 times that of Bitcoin. in that case, I might be wrong because I did not know Gold is traded so much, but I did hear about crude oil being the world's biggest market and the costliest one, with one of the most priciest deals taking place every day. That is the very reason why dollar excels as a currency because of its involvement in buying petroleum, making it a petrodollar. correct? Yes. Crude oil is still the world's most traded (real) commodity in terms of value. Even after the slump in crude oil prices, some $4 billion worth of petroleum is being traded every day, compared to $700 million worth of gold. But Deisik is correct. The petroleum trading will be dwarfed by the Derivative trading on various exchanges. And Petrodollar will remain strong as long as the OPEC uses it. If the OPEC dominance is destroyed, then that will signal the demise of the Petro-dollar as well. So if OPEC dominance stops functioning and petrodollar is worthless, no petrol is being bought with dollar, would that destroy the dollar or atleast hurt it real bad? How would that affect the market, because I always thought that the only reason US is powerful is because dollar is used in petroleum trades. If the dollar loses its value, wouldn't US too be forced to pay back their debts? |
|
|
|
|
btccashacc
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
August 30, 2015, 01:30:19 PM |
|
Gold is most populer in the world
but bitcoin price most have chance to up
|
|
|
|
|
coinzat
Sr. Member
Offline
Activity: 434
Merit: 250
Young but I'm not that bold
|
|
August 30, 2015, 01:32:35 PM |
|
For me I will choose gold of course , as it has been used as money for ages but bitcoin is new comparing with gold
|
|
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
|
|
August 30, 2015, 01:44:07 PM |
|
So if OPEC dominance stops functioning and petrodollar is worthless, no petrol is being bought with dollar, would that destroy the dollar or atleast hurt it real bad? How would that affect the market, because I always thought that the only reason US is powerful is because dollar is used in petroleum trades. If the dollar loses its value, wouldn't US too be forced to pay back their debts?
Most of the US debt is locked up in 30-year bonds. So the US government will not be forced to repay the debt immediately. But there will be a problem, if the Americans are not able to sell new treasury bonds. If the demand is dull, then the Americans will be forced to offer a very high rate of interest (unlike the 2% or 3% per year which they are paying right now). |
|
|
|
|
|
HarHarHar9965
|
|
August 30, 2015, 03:31:58 PM |
|
So if OPEC dominance stops functioning and petrodollar is worthless, no petrol is being bought with dollar, would that destroy the dollar or atleast hurt it real bad? How would that affect the market, because I always thought that the only reason US is powerful is because dollar is used in petroleum trades. If the dollar loses its value, wouldn't US too be forced to pay back their debts?
Most of the US debt is locked up in 30-year bonds. So the US government will not be forced to repay the debt immediately. But there will be a problem, if the Americans are not able to sell new treasury bonds. If the demand is dull, then the Americans will be forced to offer a very high rate of interest (unlike the 2% or 3% per year which they are paying right now). I think that the US debt is denominated in $ itself, right? I mean in a situation where US is forced to pay its debt, it will pay that back in dollars and the value of that debt will vary as per as the value of dollar. That is a huge advantage as they can print more dollars to pay off the debt. Countries like Greece who's debt is calculated in Euros do not share similar advantage, because they don't have control over value of the currency used to denominate their debt. America is on a win-win situation, eh? |
|
|
|
|
deisik
Legendary
Offline
Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
|
|
August 30, 2015, 03:50:22 PM |
|
So if OPEC dominance stops functioning and petrodollar is worthless, no petrol is being bought with dollar, would that destroy the dollar or atleast hurt it real bad? How would that affect the market, because I always thought that the only reason US is powerful is because dollar is used in petroleum trades. If the dollar loses its value, wouldn't US too be forced to pay back their debts?
Most of the US debt is locked up in 30-year bonds. So the US government will not be forced to repay the debt immediately. But there will be a problem, if the Americans are not able to sell new treasury bonds. If the demand is dull, then the Americans will be forced to offer a very high rate of interest (unlike the 2% or 3% per year which they are paying right now). I think that the US debt is denominated in $ itself, right? I mean in a situation where US is forced to pay its debt, it will pay that back in dollars and the value of that debt will vary as per as the value of dollar. That is a huge advantage as they can print more dollars to pay off the debt. Countries like Greece who's debt is calculated in Euros do not share similar advantage, because they don't have control over value of the currency used to denominate their debt. America is on a win-win situation, eh?Indeed, they can't get into a state of default (unless they do it intentionally, of course), but this doesn't in the least mean that the effects of printing more dollars (and more here should be in capitals) to pay back the debt will not have the effects which wouldn't be quite similar to those of a default... You still don't see the whole picture |
|
|
|
bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
|
|
August 30, 2015, 04:02:27 PM |
|
I think that the US debt is denominated in $ itself, right? I mean in a situation where US is forced to pay its debt, it will pay that back in dollars and the value of that debt will vary as per as the value of dollar. That is a huge advantage as they can print more dollars to pay off the debt. Countries like Greece who's debt is calculated in Euros do not share similar advantage, because they don't have control over value of the currency used to denominate their debt. America is on a win-win situation, eh?
They are already employing this strategy. That is the advantage of having the world's reserve currency as your national currency. But at the same time, printing an infinite number of banknotes will increase the local inflation, and it will make the treasury bonds denominated in US Dollar less attractive to the international buyers. |
|
|
|
|
|
HarHarHar9965
|
|
August 31, 2015, 12:46:14 PM |
|
I think that the US debt is denominated in $ itself, right? I mean in a situation where US is forced to pay its debt, it will pay that back in dollars and the value of that debt will vary as per as the value of dollar. That is a huge advantage as they can print more dollars to pay off the debt. Countries like Greece who's debt is calculated in Euros do not share similar advantage, because they don't have control over value of the currency used to denominate their debt. America is on a win-win situation, eh?
They are already employing this strategy. That is the advantage of having the world's reserve currency as your national currency. But at the same time, printing an infinite number of banknotes will increase the local inflation, and it will make the treasury bonds denominated in US Dollar less attractive to the international buyers. the inflation of dollar can damage markets globally, because major markets depend on dollar and the value it holds. Also, I was wondering, if any major country, let's assume U.S itself adopts bitcoin as its national currency, wouldn't bitcoin face severe deflation if it is widely used? Reason being that the monetary base of bitcoin cannot be expanded to alter such changes? |
|
|
|
|
|
Miss Fortune
|
|
September 02, 2015, 02:53:58 AM |
|
i still gold, since inflation will always be here to stay.
the food cost me $7.00 will now cost me $1.00 more. Then I rather invest something can make up the inflation cost.
|
|
|
|
|
deisik
Legendary
Offline
Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
|
|
September 02, 2015, 10:38:19 AM
Last edit: September 03, 2015, 09:16:59 AM by deisik |
|
the inflation of dollar can damage markets globally, because major markets depend on dollar and the value it holds. Also, I was wondering, if any major country, let's assume U.S itself adopts bitcoin as its national currency, wouldn't bitcoin face severe deflation if it is widely used? Reason being that the monetary base of bitcoin cannot be expanded to alter such changes?
In this purely hypothetical case it would wreak havoc in the economy at once, in comparison with which the inflation of the US dollar would look pale... |
|
|
|
|
nonbody
|
|
September 02, 2015, 10:45:00 AM |
|
i have holdings in both, but i find bitcoin far more exciting. i wouldnt touch much else as a stable investment
|
░░░░░░▄▄▄████████▄▄▄
░░░░▄████████████████▄
░░▄████████████████████▄
░█████▀░░░░░░░░░░████████
▐█████░▄████████░░███████▌
████████▀▀██████░░████████
████████▄▄█████░░░████████
██████████████░░░█████████
▐███████▀░░░░░░▄█████████▌
░██████▀░▐███████████████
░░▀███░░░░░░░░░░░░░████▀
░░░░▀████████████████▀
░░░░░░▀▀▀████████▀▀▀
|
2local | ... |
Sustainability and Prosperity.
Pre sale is going on | .... |
| .... |
| .... |
| .... |
...J O I N... | .... |
...Whitepaper... | .... |
░░░░░░▄▄▄████████▄▄▄
░░░░▄████████████████▄
░░▄████████████████████▄
░█████▀░░░░░░░░░░████████
▐█████░▄████████░░███████▌
████████▀▀██████░░████████
████████▄▄█████░░░████████
██████████████░░░█████████
▐███████▀░░░░░░▄█████████▌
| | |
I E O IN Livecoin.net Probit P2pPb2b from 11/02/2020
2local Sale |
|
|
|
|
mrhelpful
Legendary
Offline
Activity: 1456
Merit: 1002
|
|
September 02, 2015, 06:52:48 PM |
|
i have holdings in both, but i find bitcoin far more exciting. i wouldnt touch much else as a stable investment
you say this i assume because you barely see any price movments with gold lol. and with bitcoin you see a whole bunch of volatility everyday to a few months a major price swings. screw the excitment, I rather see the secure price point.. its good youre in both though. |
|
|
|
|
deisik
Legendary
Offline
Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
|
|
September 02, 2015, 08:30:44 PM |
|
i have holdings in both, but i find bitcoin far more exciting. i wouldnt touch much else as a stable investment
you say this i assume because you barely see any price movments with gold lol. The recent plunge of about 10% (with a correction thereafter) ain't a big deal, right? |
|
|
|
|
techgeek
|
|
September 02, 2015, 10:09:11 PM |
|
i have holdings in both, but i find bitcoin far more exciting. i wouldnt touch much else as a stable investment
very good hedge strategy.. so incase if one goes down, the recovered loss is from the profit thats always constant. for gold, are you holding the fcx stock? the mining gold stocks. or are you holding physical gold bars. |
|
|
|
|
lissandra
|
|
September 02, 2015, 11:38:00 PM |
|
I think that the US debt is denominated in $ itself, right? I mean in a situation where US is forced to pay its debt, it will pay that back in dollars and the value of that debt will vary as per as the value of dollar. That is a huge advantage as they can print more dollars to pay off the debt. Countries like Greece who's debt is calculated in Euros do not share similar advantage, because they don't have control over value of the currency used to denominate their debt. America is on a win-win situation, eh?
They are already employing this strategy. That is the advantage of having the world's reserve currency as your national currency. But at the same time, printing an infinite number of banknotes will increase the local inflation, and it will make the treasury bonds denominated in US Dollar less attractive to the international buyers. It seems inflation is here to stay forever as long the do this. So what better way outside from gold to make up the cost for per year? real estate? i still think gold and anything related to it like precious metals.. is good. |
|
|
|
|
