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Topic: Bitcoin or gold? - page 138. (Read 984457 times)

full member
Activity: 154
Merit: 100
August 17, 2017, 01:42:10 AM
keep gold blocks under my bed, safe from hackers!
newbie
Activity: 32
Merit: 0
August 17, 2017, 01:38:05 AM
I'm surprised how many people chose gold on a btc forum. Gold seems like a pretty crappy "investment", more like a hedge against collapse. Is it going to appreciate by 10% a year? I'd chose stocks and bitcoin.
full member
Activity: 434
Merit: 168
August 17, 2017, 01:10:23 AM
I think bitcoin becuase bitcoin is easy to get or earn just need a patience and hardwork .but gold? i dont know all about gold but gold i think gold its hard to get while bitcoin is easy than gold .in bitcoin if uwant buy something u can withdraw some money that youll earn in bitcoin Smiley
newbie
Activity: 30
Merit: 0
August 17, 2017, 12:52:10 AM
bitcoin, easy to handle, easy to move and you can bring it with you always.
try doing that with gold Grin
full member
Activity: 429
Merit: 100
August 16, 2017, 10:49:04 PM
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
I'll do the same with other people that to convert my wealth into Gold for the next 10 years. The market value of Gold is more stable compared to all kinds of cryptocurrency. It is also used in transactions of different countries eversince. It has also a physical value unlike Bitcoin. So I am expecting that gold is good for long time saving of wealth.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
August 16, 2017, 10:19:25 PM
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
To be more futuristic and realistic, and if I would have to convert all of my wealth and keep it for the next 10 long years, I'll convert it to Gold. Truely, Bitcoin is more profitable and has a higher rate of increase from time to time, but Gold is being used though the years that have passed by many countries. And beside, Gold's market value is more stable compared to the market value of Bitcoin.
Well, at my current wealth now I think it's good to convert it with bitcoin, I know even if we are optimistic that bitcoin will make a big
progress in the future we cannot still erase the fear that one day it might become worthless.
full member
Activity: 345
Merit: 100
August 16, 2017, 09:51:42 PM
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
To be more futuristic and realistic, and if I would have to convert all of my wealth and keep it for the next 10 long years, I'll convert it to Gold. Truely, Bitcoin is more profitable and has a higher rate of increase from time to time, but Gold is being used though the years that have passed by many countries. And beside, Gold's market value is more stable compared to the market value of Bitcoin.
newbie
Activity: 36
Merit: 0
August 16, 2017, 09:48:32 PM
Bitcoin is digital so it is safe against theft in real world but not safe in digital shenanigans. Compare to gold that you have physically and you can use it as accessories and other common use but the appreciation is not as fast as bitcoin(for now) but at least appreciating.
full member
Activity: 338
Merit: 100
Buy, sell and store real cryptocurrencies
August 16, 2017, 09:39:13 PM
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
I'll go with Bitcoin. Obviously, Bitcoin is more profitable  And at this moment, it is more in demand compared to Gold. Gold is indeed used in transactions over the years by lots of countries but generation now is different wherein technology are used to almost everything. For the past 5 years , Bitcoin grew so fast and way far than it was before from its value to the size of community. So I will expect more to Bitcoin for the next 10 years.
member
Activity: 113
Merit: 100
August 16, 2017, 08:59:46 PM
I would choose bitcoin over gold. In fact, not all people can have gold or bitcoin but many people can earn bitcoin unlike gold, it is hard to find and you will extend much very effort to find gold. Instead of mining for gold we should mine bitcoin because it is less hassle and in bitcoin we earn and we learn many things.
newbie
Activity: 5
Merit: 0
August 16, 2017, 02:38:48 PM
Hi everybody
Here is a simple and effective way to exchange TBC screws in BTC. Very reliable.
http://tbc-exchange.weebly.com/
sr. member
Activity: 446
Merit: 250
August 16, 2017, 02:26:31 PM
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
For the all criteria you've mentioned it's gold - it has been around for much longer can kill bacteria in the water, does not rely on electricity and should cost $10 000, when comparing to the January 1980 and adjusting to dollar inflation (M1 has grown 12 times since that time)
You don't count in the growth in population, you completely discard the labor productivity and working efficiency increases as well as growth of the economy itself. As to me, today's prices of gold are perfectly sensible from an economic point of view.
I doubt that from 1980 population increased 12 times or that it started to produce 6 times more tangible goods per capita. If the rate of gold production wouldn't grow at the same speed with the population growth, we would have to multiply the price of gold by more than 12, but since they are growing at virtually the same speed, $850x12 is quite an accurate number. Plus keep in mind, that the number of people who have access to trading PM on commodity exchanges today is far greater than it was in 1980, so the price of gold can rise even higher. Gold is more inert than silver, but you won't see water spoil in a gold pot, will you? It's seems that it's you who confuses the cost of production with the potential cost of a product, which depends totally on demand. Central bank hold about 1 billion troy ounces of gold available for sale (if there is much gold left in Fort Knox), and we, the people, hold around $150T in different financial assets (not taking into account the real estate), plus another $150T are hold by different institutions and organizations (private and government). So, if for some reason (be it panic or some sort of enlightenment) people decide to put 1/20th of that $300T into gold supposedly available for investment, its price will rise to $15K; and if in reality there is only half a billion of gold available for sale by central banks, it's price would go to $30K per troy ounce; and should people decide to convert 10% of their financial assets to gold, its price would rise to $60 000; and if another 10% would go to silver (as too far more available alternative), it's price would rise to at least $10 000, as there are around 3B troy ounces of silver theoretically available for investment (2B - in bullion coinage cut from the start of the bullion programs in 1980-s, 500M ounces hold by JP Morgan and another 500M hold by different silver investment pools).
Could you please make your post more readable and understandable?

Indeed, population didn't increase 12 times, but it is obviously not the only factor at play here. I mentioned it first since its effect can be easily understood by everyone and his grandma. Personally, I'm more inclined to think that today's price of gold is not as high as it should be (according to your estimates, at least) specifically because the demand for it dropped overall during the last 30-35 years (just like you said in your other post about platinum). As you also say, the price is determined by the balance of supply and demand, and I don't think there is heavy price manipulation going on behind the scenes in respect to gold
Tell me which part of my post you have not fully understand and I will elaborate further. I do not remember mentioning any price manipulation, as you imply; but if trading in PM moves from paper to physical market or everyone decide to invest in them even 5% of their savings, the prices of gold and silver and their purchasing power will skyrocket (we've already seen that in 1970s and 2000s, and the bull market in precious metals started in 2003 is far from over). Though do not take my word for it and spent a few years on studding the PM market yourself.
member
Activity: 63
Merit: 10
August 16, 2017, 12:05:29 PM
gold is better than any kind of coins
sr. member
Activity: 406
Merit: 255
August 16, 2017, 11:58:46 AM
Certainly much easier using bitcoins than gold. But gold is a more reliable asset for investment. Everything on earth has its price. Gold is a secure asset to store, but for this you pay a low yield. Bitcoin is more risky investment, but it kompensiruet high yield. To each his own.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 16, 2017, 11:51:54 AM
Gold off course. Don't you like that shiny metal. For jewelry, an assets and even as a trading assets. It is far more popular then any other asset. Bitcoin is still new unlike gold that has existed for a millenium.
That's too old shool for me, gold is not vital to our daily living while bitcoin can provide a lot of benefits to the users. I think people now should value what gives them convenience and helpful for the development of financial system than just a mere shiny thing

Some folks strongly disagree with this attitude

If your point hinges on the possibility of quickly converting your bitcoins to fiat and then spending fiat for your daily needs (as another option, you could use a Bitcoin payment card, and in that case the conversion is done for you by someone else). Though, as I said, some people will certainly challenge that point by claiming they can easily sell their gold at market rates as fast. But if you don't mean that or anything to that tune, then I don't see how Bitcoin is more vital than gold for "our daily living"

I agree with you. I can take my gold and silver to my local coin shop and sell it for cash on the spot. In fact, I have done that several times in the past before I was as financially well off as I am now. Now, sure someone can also convert their BTC to some fiat currency. But then, how long do they have to wait before that fiat currency is in their bank account? It varies, but it is not instantaneous, that's for sure

In fact, you can convert bitcoins to fiat instantly

And get the money to your payment card balance as fast (within a few minutes, at most). But this is not a given, of course (read it may fail when you are desperate for ready money). On the other hand, it is not a given either that your dealer, I mean, precious metals dealer won't close his shop just when you need to convert your coins to fiat fast. So there can be problems with cashing out gold and silver coins as well. The bottom line is that you should always have some cash on hand in case an emergency should arise
newbie
Activity: 6
Merit: 0
August 16, 2017, 10:38:06 AM
Best solution is to go for Bitcoin for now(Better Profits) and later trade them for gold when you find it risky(More Safe)
full member
Activity: 390
Merit: 100
August 16, 2017, 09:54:46 AM
I would choose both, half on bitcoin and half on gold. Don't rely on one product because you do not know what the future will offer. Realizing that one of these may prove to be a bad financial decision but we can recover the losses from other products we have invested.
sr. member
Activity: 756
Merit: 294
August 16, 2017, 09:39:32 AM
The demand for gold seems to have slowed down, especially in the emerging nations such as China and India. A few years back, analysts were predicting prices of up to $5,000 per oz. by 2020. Now it seems like they are less optimistic about gold.

That is right and I think most of the gold investors are already now also in bitcoin and investing some parts of their profits. The latter is good for short term gains while the former is for a long term goal.
full member
Activity: 346
Merit: 103
August 16, 2017, 09:38:17 AM
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
I think it is better to convert all my wealth in bitcoin because bitcoin is very easy to used unlike gold, it is very rare for us to find it right so i will convert it into bitcoin.  Bitcoin provides everything that we want in our daily lives.
legendary
Activity: 2044
Merit: 1008
August 16, 2017, 09:18:10 AM
The demand for gold seems to have slowed down, especially in the emerging nations such as China and India. A few years back, analysts were predicting prices of up to $5,000 per oz. by 2020. Now it seems like they are less optimistic about gold.
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