Topic: Bitcoin and Diamond - page 2. (Read 269 times)
Well, I am trying to understand your statement better. But if I get it correctly, you were trying to say that you were looking for a topic about bitcoin and diamond being integrated? Well, --there is none integration for bitcoin and diamonds yet. But it does not mean that people do not trade bitcoins with diamonds. Perhaps, for now, a basic calculator is enough to integrate the price of the bitcoin and the diamond. But of course, it will still depend on the diamond someone holds. The market values of the bitcoin are very transparent, but the diamond is definitely not.
I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
If I think as per your mentality - Bugatti and Lamborghini should not be sold that costly because of their limited utility! Same goes for Gold as well! Not everything is priced based on their utility. There's something called "rarity" as well! Original diamonds are very rare and that's what makes them precious.
Secondly, diamond has a astrological value as well. Around the world, diamonds are being used for astrological purpose. If you are not very familiar with this, you can do some google search to know.
We can definitely create a demand supply curve for both bitcoin and diamond and what's the reason for doing it? Can you come to any conclusion as to why you need it?
I think diamond is a good investment for many people though there are no general purpose for diamond save for some technical thingies.
I'd say diamonds have a very specific and useful purpose, just like gold does. You can't discount the importance of either one's use in making jewelry. Gold and diamonds have been used for a long, long time; they're very popular; and they hold value.Having said that, there isn't any crypto linked to diamonds and there doesn't need to be--just like gold doesn't need to be linked to crypto, as in a gold-backed coin. That concept has been discussed for years and it just isn't popular. Someone would have to hold the gold or diamonds that were backing the coin, and obviously that's a problem. It also goes against what cryptocurrencies stand for, which is decentralization and not having a need to trust a 3rd party.
If you want to invest in diamonds, go for it. But if crypto is your thing, that's completely separate. And it should be.
Both diamond and bitcoin are valuable for us, both have such a significant value, but I think these two things are not comparable because they are different thing, different in price, different in structure, different in purposes, etc. the only thing that makes them similar is their value, they have both a significant amount if you sell or buy it, the price of the diamonds depends on its quality, weight of carat and its setting, so meaning to say it differs through physical things, while bitcoin is the currency that differs its price depends on the big traders which happen through online.
Actually, it would be better if you change your topic into "Bitcoin and Diamond, which is better for you", if that is the case then I would instead choose the bitcoin, it is so hard for you to acquire diamonds than bitcoin. We can have bitcoin through the use of websites, and there are a lot of websites that we can use to gain bitcoin while diamonds are rare.
Actually, it would be better if you change your topic into "Bitcoin and Diamond, which is better for you", if that is the case then I would instead choose the bitcoin, it is so hard for you to acquire diamonds than bitcoin. We can have bitcoin through the use of websites, and there are a lot of websites that we can use to gain bitcoin while diamonds are rare.
I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond?
There has been a project by the name of CEDEX. It was going to develop a Diamond marketplace and using of their tokens to buy/sell real diamonds on their marketplace and use of these tokens as collateral for loans, that is token-backed lending. Alas, they seem to have gone backrupt in the recent months along with their parent holding TechFinancials.Quote
But due to the fork coin Bitcoin diamond, I didn't find anything.
BCD is a shitcoin.Quote
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
They are precious because of their rarity. Gems have different uses in jewellery too. So they have a market. But it is absurd to think of everything to be a utility. These things are not even comparable to cryptocurrencies.
I have no idea if you are trying to talk about Bitcoin diamond fork or integrating bitcoins with diamond as a while .
One should understand that diamond , gold , silver and other precious metals do have the same base value and therefore it is the same with gold , diamonds are really cheap in reality but people tend to overpay it because of the marketing .
But at the end of the day it's considered a rare thing and I do think bitcoins is the same .
Therefore It is the same for gold .
One should understand that diamond , gold , silver and other precious metals do have the same base value and therefore it is the same with gold , diamonds are really cheap in reality but people tend to overpay it because of the marketing .
But at the end of the day it's considered a rare thing and I do think bitcoins is the same .
Therefore It is the same for gold .
I think you should read diamond and water paradox articles spread throughout the internet, and maybe you, yourself can answer your own question about diamond and water as total utility.
Both Diamond and water are limited but due to the huge supply of water, it makes water less precious than Diamond although water has utility while Diamond has not.It is better than btc I think because it is more on rarity and quality of the diamond you have(save for the quality is the size of your diamond).
Not true at all. Value of commodity or any other things depends on utility first and then comes the availability. Both bitcoin and Diamond are limited in supply but Diamond has no utility.
As bitcoin becomes trendy and the most awaited form of investment these past few years, I don't really see bitcoin becoming a competitor of diamond. Diamond is not valued because of decentralization unlike bitcoin where the price of diamond will not be lesser than what it is now. Bitcoin otherwise is a form of investment that has a high percentage of making a profit. No need for bitcoin vs diamond data after all.
I think diamond is a good investment for many people though there are no general purpose for diamond save for some technical thingies. It is more like an artwork rather a commodity. It is better than btc I think because it is more on rarity and quality of the diamond you have(save for the quality is the size of your diamond).
I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
You can't find one cause there is totally none. I think it is incomparable to bitcoin, diamonds are not priced just because it is called diamond but because it has a unique properties and rarity, In fact it has a level of rarity in terms of gemstones. Imagine that these stones are formed million and billions of years, enough for us not to compare it with bitcoin. Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
As for Marginal Principle, the subjectivity of people considering diamond's value is high. I think you should read diamond and water paradox articles spread throughout the internet, and maybe you, yourself can answer your own question about diamond and water as total utility.Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
I don't know what you are trying to say that people are buying diamonds out of their emotion, cause if you are rich then might as well invest on something that you can afford.
I have tried to search for this term to see if anyone has written something integrating bitcoin with the precious metal diamond? But due to the fork coin Bitcoin diamond, I didn't find anything.
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
Diamonds are not precious if you think about utility. The utility level is very low and people purchase it from emotion.
Can we make a demand supply curve for both Diamond anr Bitcoin and bring both in one line?
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