1BTC or 1oz of Gold. Which one would you take?

bryant.coleman

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Quote from: stsbrad on April 06, 2014, 10:19:21 PM

If it's equal value btc vs gold I would take the gold any day of the week. I love btc don't get me wrong but gold has been around for a very, very long time.

Gold is easier to exchange for fiat and difficult to rob. But have you forgot that the gold prices have declined by 30% from their peak? (Anyway BTC declined even more... Grin

)

twiifm

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Quote from: stsbrad on April 06, 2014, 10:19:21 PM

If it's equal value btc vs gold I would take the gold any day of the week. I love btc don't get me wrong but gold has been around for a very, very long time.

Btc has a lot of threats these days. I just like knowing the gold I own is not susceptible to something as crazy as a solar flare. You never know what could happen one day. We're all gonna look really silly one day if there's no electricity but we have our flash drives and paper wallets. Not saying something like that is going to happen but ya never know.

If the shit hits the fan one day I like knowing that my kids and wife have a shot because my safe contains gold and ammo.

Always own some precious metals and gems. Can be like a gold watch, diamond ring or other jewelry. In a war situation it could save your life. Seriously, I experienced this as a kid.

stsbrad

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Brad Willman, SSCP, LTCP, MCTS,SCE,BCE

If it's equal value btc vs gold I would take the gold any day of the week. I love btc don't get me wrong but gold has been around for a very, very long time.

Btc has a lot of threats these days. I just like knowing the gold I own is not susceptible to something as crazy as a solar flare. You never know what could happen one day. We're all gonna look really silly one day if there's no electricity but we have our flash drives and paper wallets. Not saying something like that is going to happen but ya never know.

If the shit hits the fan one day I like knowing that my kids and wife have a shot because my safe contains gold and ammo.

serenitys

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Be Here Now

Quote from: Bonio on March 03, 2014, 02:42:16 PM

Gold, women are attracted to it, apparently. Roll Eyes

I know that if I met a guy in a club, he buys me a drink so he can sit down a few minutes and try to impress my panties off in as little time as possible, and he started talking about how much gold he bought, I'd go hmmm, pretty cool. If another one sat down on the other side, whether he bought me a drink or not, whether he couldn't care less about my panties, and said he bought a BTC the other day, he'd have my full attention.

Just sayin Grin

ETA for the ones who might be confused: the investment he'd make tells me a lot about the guy himself - and a guy who would rather buy gold than BTC when the entire planet is going through a digital paradigm shift is not a guy who is plugged in too well. I get it he's old school and probably a right winger or a thief (or both Cheesy

) but the one who bought BTC recognizes what's going on all around him and has an eye on the future. I'd rather spend 5 minutes with a guy who has vision and enthusiasm than all night with a guy who'd get pissed off if I made more money than him...cause when it's all said and done and BTC escalates way higher than gold ever could, I will Grin

K128kevin

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Why would anyone take a bitcoin over an ounce of gold right now? Which you could sell and immediately buy more than one bitcoin with lol...

SlipperySlope

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Stephen Reed

Quote from: bryant.coleman on April 05, 2014, 12:56:19 PM

Quote from: SlipperySlope on April 05, 2014, 12:33:22 AM

Here is my first projection of what I think will be the next bubble this summer. Peaking at $6000 July-August, and collapsing to $3000 through the fall.

Any logic behind the $6K figure? Also why can't it happen in October or November?

Here is my first projection of the next bubble . . .

https://bitcointalksearch.org/topic/m.6027236

The crucial, falsifiable, assumption is that the next bubble will be similar in shape to the previous two bubbles. My initial hand-projection of the previous two bubbles aligns the pre-peak bottoms. I assume that we are currently at the bottom of the November 2013 bubble collapse.

If indeed the next bubble peaks in November, then I project the peak price to be $12000 or so.

bryant.coleman

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Quote from: SlipperySlope on April 05, 2014, 12:33:22 AM

Here is my first projection of what I think will be the next bubble this summer. Peaking at $6000 July-August, and collapsing to $3000 through the fall.

Any logic behind the $6K figure? Also why can't it happen in October or November?

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: jonald_fyookball on April 05, 2014, 11:48:26 AM

Fiat by definition means state sponsored or decreed by government. Under that definition, bitcoin is not fiat.

Correct, and an important distinction when attempting to determine the true value of Bitcoin (the technology).

Quote from: jonald_fyookball on April 05, 2014, 11:48:26 AM

Bitcoin has inherent value by its design as a decentralized network and de facto value
based on the network itself as well as the bitcoin economy as a whole.

Correct again, and extremely important when attempting to determine the true value of Bitcoin (the investment).

When I say true value, I mean "what BTC will be worth in 3-5 years when the rest of the world catches up with the top 5% of the IQ bell curve folks who have already figured this shit out".

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: bolverk on March 30, 2014, 05:47:38 AM

Quote from: chromosoma on March 29, 2014, 09:39:01 PM

Gold.
Gold has its value since the every beginning.You can trade gold everywhere. Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount at once. You need to exit slowly in order to keep the price high.
Bitcoin is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some random number are suddenly worth of 1000 Dollars.
Lol, "00000000000ererw0ewedsdfsdcshit" is worth money? What a joke.

Game over BTC:)

Like you, I believe in gold as the ultimate store of value. Unlike you, I actually understand what bitcoin is and what makes it valuable. Bitcoin, ultimately, is fiat, and no fiat has an inherent value. That said, bitcoin is potentially more valuable to any other existing fiat due to how it's managed. Quite frankly, barring a united world-wide government ban making it illegal, it will probably retain value better than the US dollar.

Read up on the technology and what problems it's trying to solve before trolling some ignorant random number BS.

Thanks for bitch slapping the troll...

Fiat by definition means state sponsored or decreed by government. Under that definition, bitcoin is not fiat.

I also disagree about "inherent value".

Bitcoin has inherent value by its design as a decentralized network and de facto value
based on the network itself as well as the bitcoin economy as a whole.

bryant.coleman

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Merit: 1217

This is absolute no-brainer.

I'll take 1 Oz of gold.

Then I'll sell 1/2 Oz, for $ 651, and buy BTC1.450.

dreamspark

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If the question is framed as you could not trade or del either for the next five years I would still pick BTC.

Its about potential so even if in 5 years BTC was worth nothing it would still be a good trade against a 1oz of gold. Furthermore were only talking about $1000ish. Who would take the safe $1000 over the potential of 10-50 x that?

franky1

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Quote from: dharmapuriharithaa on April 05, 2014, 03:25:11 AM

Most posters prefer gold. You change the title because 1btc and 1 oz of golds current value is not equal. You should title to $1000 worth of gold or $1000 worth of Bitcoin

most posts do not prefer to HOLD gold. most posts are smart to receive 1 oz of gold to instantly sell for more BTC then initially offered.

dharmapuriharithaa

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Most posters prefer gold. You change the title because 1btc and 1 oz of golds current value is not equal. You should title to $1000 worth of gold or $1000 worth of Bitcoin

BigBoy89

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in USD : 1 oz > 1 BTC, so i prefer 1 oz gold

why USA using difficult measurement like oz, pounds, mile, acres, gallons

Quote from: chromosoma on March 29, 2014, 09:39:01 PM

Gold.
Gold has its value since the every beginning.You can trade gold everywhere. Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount at once. You need to exit slowly in order to keep the price high.
Bitcoin is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some random number are suddenly worth of 1000 Dollars.
Lol, "00000000000ererw0ewedsdfsdcshit" is worth money? What a joke.

Game over BTC:)

nice opinion Grin

if BTC trending prices down in month, it's time leave BTC

Equate

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I would take gold than BTC

franky1

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bitcoins are more rare then gold

estimates are that there are only 171k tonnes of gold (5,557,500,000 ounces) about enough for every adult (ignoring 2bill kids and geriatrics) in the world to own 1 ounce

bitcoin if distributed evenly to the 5billion adults in the world. means that each adult would get only 0.0042btc

so imagine if 5billion families desired to store their $20k lifetime savings in something rare, either gold or bitcoin

1 ounce would be then be worth $20k, where as bitcoin ($20k for 0.0042) works out as 1bitcoin = $4,760,000

(how many of the 5 billion adults (ignoring 2bill kids and geriatrics) would want a bitcoin or gold.. or how many would invest an average of $20k are all questions only the future can answer)

put simply i wouldn't want just one bitcoin today, instead id take an ounce of gold today, and within hours flip it for 3 bitcoin(todays market value). knowing in decades bitcoin will/could out perform gold on the rarity value scale. with a POTENTIAL for that 3bitcoin to net me near on POTENTIALLY $14m instead of just $20k gold

SlipperySlope

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Stephen Reed

Quote from: bolverk on March 27, 2014, 04:35:03 AM

Quote from: SlipperySlope on March 27, 2014, 03:38:07 AM

I sold some unused gold jewelry yesterday and bought bitcoin at my local Robocoin ATM.

I expect the next bitcoin price bubble to occur in the next few months - at which point the issue of 1 BTC vs 1 oz Gold will be history.

Uh, isn't the whole point of bubbles that they're artificially inflated and then harshly corrected? You can have the bubble, I'd stick with gold, which is much less likely to be inflated. Particularly since the powers that be work so hard to make sure the price is permanently depressed, just to keep the illusion of value in the fiat.

Here is my first projection of what I think will be the next bubble this summer. Peaking at $6000 July-August, and collapsing to $3000 through the fall. The crucial assumption in my simple model is that the next bubble will be similar to the previous two. Summer 2014 Bitcoin Bubble - First Projection.

I do not see an ounce of gold being worth $3000 anytime this year. Therefore no chance to gold to catch up according to their respective historical price trends.

GreedyBoy

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There is no choice. Everyone will take the gold

CryptoPanda

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1oz of coke

bolverk

newbie

Activity: 52

Merit: 0

Quote from: chromosoma on March 29, 2014, 09:39:01 PM

Gold.
Gold has its value since the every beginning.You can trade gold everywhere. Bitcoin is going down; it is now up to few holders, who have 100k+ btc in their wallet; they just need a slow escape plan; because u cant sell suck amount at once. You need to exit slowly in order to keep the price high.
Bitcoin is jut the biggest scam in the history of humanity.Billions of cash was made by selling some simple asics, miners and trading .
Only fool is thinking some random number are suddenly worth of 1000 Dollars.
Lol, "00000000000ererw0ewedsdfsdcshit" is worth money? What a joke.

Game over BTC:)

Like you, I believe in gold as the ultimate store of value. Unlike you, I actually understand what bitcoin is and what makes it valuable. Bitcoin, ultimately, is fiat, and no fiat has an inherent value. That said, bitcoin is potentially more valuable to any other existing fiat due to how it's managed. Quite frankly, barring a united world-wide government ban making it illegal, it will probably retain value better than the US dollar.

Read up on the technology and what problems it's trying to solve before trolling some ignorant random number BS.

Topic: 1BTC or 1oz of Gold. Which one would you take? (Read 5858 times)