Topic: 2013-11-15 CNS - Chinese 'damas' mad for bitcoin - page 2. (Read 2639 times)

You make one mistake gold DOES NOT stay with the owner , at war's!
Gold does not loose value but you loose the gold!
Thats why bitcoin is   superior over gold.
bitcoins can be stored in your brain , so nobody can proof you have them or detect it when robbing you!
with gold , a kalasnikov at your head and you will not keep it.
with bitcoins even killing you will not give them your bitcoins!
http://www.youtube.com/watch?v=_4QFErOdTag explained.

ill concede that you are probably right about all of these things. the thing is that you might not be, and the chance that i am wrong about what i believe about gold is much slimmer than the chance that i am wrong about what i believe about bitcoin. so for example i dont think that either gold or bitcoin are going to crash down to a value of 0 but if i was to be wrong about that it would be much more likey that bitcoin would crash down to 0 than gold, relatively speaking. in my eyes this makes gold safer and if its safety and security that you are after than gold is the best bet.

with that being said i dont own very much gold because im young and ultimate safety is not an appealing promise for me. Imagine however that you are an old retired grandma who has earned more than enough to survive the rest of her life, is she really going to want to jump on the btc rollercoaster, even if the general trend is up? what good does becoming a millionaire do her, she just wants to bake cakes and watch soap operas and be secure in her ability to do those things.

I'll have to disagree; but I will admit that not everyone agrees with me.

I agree with this guy though on the subject:

http://www.youtube.com/watch?v=_4QFErOdTag

(Excepting only the fact that he calls divisibility a tie; when I know there is no way to get a uniform satoshi's worth out of an ounce of gold. BTC clearly wins divisibility too.)

I can't take 1 ounce of gold and back it up in many formats & in infinite places, nor can I own gold deniably very well. So, no.

But of course most people are irrationally afraid of backing up their data because they don't understand it yet, so I am under no illusion that it will take years for them to come around to understanding bitcoin safety like I do.


Again that's just perception, not actual safety.


I've watched long enough; I'm convinced it doesn't exist.


Bitcoin is borg. It would be assimilated.

I don't care if it gave every user a pony; no future coin can fight the vast advantage bitcoin has in its' network effect.


In case you haven't noticed, far more people are using it as a store of value now than anything else. I'd bet you fall under that label too.

At any moment there are only dozens, maybe a hundred people speculating actively... Every BTC holder is storing value.

One day, hopefully next year, BTC's benefits as a payment & remittance system will be fully appreciated and that will become the most important aspect on that day. You'll know it's arrived because Western Union will be placing little "going out of business" signs on all of their shops.  

+100 perfectly said...

TC

There is a higher chance that your house gets broken into by the burglars than Bitcoin crypto breaks down I believe.

bitcoin is not superior to gold in every single aspect. gold is a much safer more secure store of value. it has thousands of years of history as a reliable store of value, bitcoin can make no similar claim. a flaw in bitcoin could be found tomorrow bringing the value crashing down to ~ zero or a crypto that is superior in every way could be invented that would steal ~ all of bitcoins market share. bitcoin is for transferring value and speculating, gold is for making your wealth safe and secure. both very useful for what they do but different utilities entirely.

I am more of the hope that those black pearl encrusted tigerskin handbags selling shops in the developed world will someday make the shocking discovery of what kind of a business opportunity it will give them if they start accepting bitcoins.

I'm sure that many traders in China just love Bitcoin because it's something that keeps going up. It could represent black pearl encrusted tigerskin handbags for all they care. However, when it is generally realized that it is the perfect currency for international trade settlement, then expect a wave of factories to begin accepting btc for their exports.

Yup, and the saving and gambling tendencies goes hand in hand with Bitcoin. I see the worldwide acceptance of Bitcoin skyrocketing in the near future.

The CEO of the site only talks about the gender ratio, it'e the media who applies the title to those female investors, you are not going to fuck up your VIP customers by calling them "dama"(it has a negative connotation).

Actually, there is one thing the Chinese admit to loving more than both saving and gambling: Gold.

Thankfully many of them are starting to see that bitcoin is superior to gold in every single aspect, and their government can't steal it from them.

I foresee both China and India holding more than 30% of the planet's bitcoin each before 2016. The way USSA regulations are starting to look; we'll probably only hold about 1% by then.

The only thing Chinese people like more than saving is gambling!  And 'saving' includes thriftiness, tax evasion and money laundering.

Bitcoin perfectly fulfills both needs!   

I highly doubt the 40% figure, you can't take it seriously.

They probably decided on the title first, then made the number.

With the Chinese market increasingly optimistic about the digital currency's potential growth, an online bitcoin platform has released that 40 percent of its VIP traders are Chinese women, the Beijing Youth Daily reported.


woooOt  ?

http://www.ecns.cn/cns-wire/2013/11-15/88703.shtml