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AtheistAKASaneBrain
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March 05, 2015, 05:07:49 PM |
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I think gold is always going to remain more stable and will always have a real world use as a useable precious metal, but bitcoin is unstable and unpredictable, though I do think it is the best option to see a big profit and return on investment though it's very risky and not guaranteed. I'd prefer to put most of my money in Bitcoin for investment purposes. I just think we'll need a few years to see big gains hopefully.
But gold has been there for a long long time so its understandable to be more stable. Bitcoins are fairly new and can still grow, i think thats a really good quality. Meanwhile gold has a stable price with bitcoins you could buy 1 today and in some years maybe its worth 5.000$ or maybe 1$ thats the beauty of it Even if bitcoin exists for a long time, even then it will probab;y never become enough stable. Yes it will, in 10 years most coins will be mined and price will naturally stabilize at a really higher price than today's. |
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dothebeats
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CoinPoker.com
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March 05, 2015, 05:28:09 PM |
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Gold and all other currencies are objectively shitty and deprectaed when compared to Bitcoin.  Great table. Presses on things that differentiate bitcoin from any other currencies. You can clearly see that bitcoin dominates among them, but still doesn't get the attention of the majority which makes it a 'nope' for average people. Adoption rate, y u so slow? |
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dothebeats
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March 05, 2015, 05:30:09 PM |
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I think gold is always going to remain more stable and will always have a real world use as a useable precious metal, but bitcoin is unstable and unpredictable, though I do think it is the best option to see a big profit and return on investment though it's very risky and not guaranteed. I'd prefer to put most of my money in Bitcoin for investment purposes. I just think we'll need a few years to see big gains hopefully.
But gold has been there for a long long time so its understandable to be more stable. Bitcoins are fairly new and can still grow, i think thats a really good quality. Meanwhile gold has a stable price with bitcoins you could buy 1 today and in some years maybe its worth 5.000$ or maybe 1$ thats the beauty of it Even if bitcoin exists for a long time, even then it will probab;y never become enough stable. Yes it will, in 10 years most coins will be mined and price will naturally stabilize at a really higher price than today's. I hope so. But what if when the time comes that bitcoin's price is high enough, the price of commodities and expenses tied with living is also high? I mean, would there be any change at all if the cost of living also rise? |
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cysive
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March 06, 2015, 04:13:31 AM
Last edit: March 06, 2015, 05:47:26 AM by cysive |
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Why not? They are stable now, this year pretty stable
all markets have downtrends. gold didn't reach its 1980s high until 25 years later. if gold can lose 50% of its value and have a multi-year downtrend, why can't bitcoin? Well bitcoin can aswell but bitcoin went from 1200 to 200 in a year thats a 600% not 50% Who taught you math? 1200 to 200 is a loss of 1000 or an 83% loss. Even if you do the math from a 1000/200 ratio, that's 500% not 600%. -C. |
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drotto
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March 06, 2015, 04:53:00 AM |
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What people forget is that Bitcoin was only at $30 at the start of 2013. Do the math on that.
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cysive
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March 06, 2015, 05:45:57 AM
Last edit: March 06, 2015, 08:36:32 AM by cysive |
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What people forget is that Bitcoin was only at $30 at the start of 2013. Do the math on that.
Oddly enough, at $270, that is a 600% gain. Coincidence or a sign? -C. Update: I just realized this would be an 800% gain. 240/30 = 8. |
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Amph
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March 06, 2015, 07:14:22 AM |
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the only problem i could see, is that gold will not be replaced anytime soon, but bitcoin could(because the important part of bitcoin is its technology)...a better currency might come up and ruin the "bitcoin life", this is one of my biggest worry.
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Bananana
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March 06, 2015, 07:15:25 AM |
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Gold and all other currencies are objectively shitty and deprectaed when compared to Bitcoin. Great table. Presses on things that differentiate bitcoin from any other currencies. You can clearly see that bitcoin dominates among them, but still doesn't get the attention of the majority which makes it a 'nope' for average people. Adoption rate, y u so slow? Great table, but you forget that only hacker can steal from bitcoin and not gold or fiat. So not that great afterall. |
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Webnet
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DaDice! Next Generation Dice Game
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March 06, 2015, 07:40:53 AM |
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bitcoin is digital and gold is phisical. extralong term investors will always use phisical items. btc may be more valuable than gold as it has limited supply.
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polynesia
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March 07, 2015, 01:10:30 AM |
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Great table, but you forget that only hacker can steal from bitcoin and not gold or fiat. So not that great afterall.
This table assumes logical precautions are taken, You wouldn't leave gold lying around your house, would you? |
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Q7
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March 07, 2015, 03:31:21 AM |
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Gold and all other currencies are objectively shitty and deprectaed when compared to Bitcoin. Great table. Presses on things that differentiate bitcoin from any other currencies. You can clearly see that bitcoin dominates among them, but still doesn't get the attention of the majority which makes it a 'nope' for average people. Adoption rate, y u so slow? Great table, but you forget that only hacker can steal from bitcoin and not gold or fiat. So not that great afterall. I think it's a great comparison chart. What it says there is that it's secure because it "cannot be counterfeited" which is exactly true and it's straight to the point. There are counterfeit gold bars, coins whatever including fake paper currency but you obviously can't create bitcoins out from nowhere. |
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Agestorzrxx
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March 07, 2015, 05:22:59 AM |
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Bitcoin will replace gold as global current.
bitcoin is much convenient to save, transfer and split.
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picolo
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March 07, 2015, 09:23:07 AM |
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Bitcoin will replace gold as global current.
bitcoin is much convenient to save, transfer and split.
It will be hard to make beautiful watched in Bitcoin or use Bitcoin in satellites and electronic components. |
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jabo38
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mining is so 2012-2013
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March 07, 2015, 10:29:15 AM |
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things start off as collectibles and then turn into money.
gold started off as a collectible because it was shiny and pretty. people made jewelry out of it.
but then after something is a collectible it can become money. that eventually happened to gold.
right now bitcoin is still just a collectible. it is basically bling bling for computer geeks. maybe someday it will turn into money, maybe not.
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jabo38
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mining is so 2012-2013
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March 07, 2015, 10:35:17 AM |
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Gold and all other currencies are objectively shitty and deprectaed when compared to Bitcoin. its not a great table. lets add somethings like...... does it work in areas without computers, internet or electricity? (like a large part of the world) does it have an industrial use? can you hold it in your hands? if your die, can your loved ones easily get the left overs? will it still be around in 10,000 years? can it be hacked? can you use it to pay your taxes? ------------ anybody can make a table to make their product look better |
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Erdogan
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March 07, 2015, 06:43:27 PM |
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You can add hideability, important now as in the old days.
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picolo
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March 07, 2015, 08:27:10 PM |
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You can add hideability, important now as in the old days.
If you buy gold to someone and store it yourself, it is very hidden as well  |
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Coinshot
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March 07, 2015, 09:39:28 PM |
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I feel both gold and BTC are on an upward trend. Gold is more safe bet, but the turnaround for BTC will likely be faster.
BTC is riskier, there is some chance that it may start going down again and end up much lower. With gold the confidence is much higher.
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OROBTC
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March 08, 2015, 03:17:19 AM |
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Erdogan, picolo,
As long as you don't take your gold with you when going sailing... It's one of the oldest stories in the book: gold lost in boating accidents. Happens all the time. Please keep this in mind when you think about taking your gold from that dark place where you have it hidden at home.
One of my friends lost all of his when he took his gold & silver icefishing with him. ALL DAY LONG he was having no luck. But, *wham!* he got a strike and fought that fish. Unfortunately, his PMs fell through the hole just as he reeled in his fish. He got walleye, so at least the day was not a total loss.
Another one of my friends not only lost his gold & silver in the woods, but his guns and ammo too! Yikes, it's a dangerous world out there, can't be too careful.
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MilesJohan
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March 08, 2015, 03:45:24 AM |
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You can add hideability, important now as in the old days.
If you buy gold to someone and store it yourself, it is very hidden as well I think that applies for Fiat money as well. You can hide that too just like gold. But bitcoin doesn't take up that space, and if the government comes across that paper, they won't really know what it is |
MileyJohanson
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