Topic: Bitcoin or gold? - page 232. (Read 984457 times)
Well I still choose bitcoin better than gold, it need license and stuff
Regarding hardware wallets, personally, I don't quite understand why people are so obsessed with them since you are just trusting your bitcoins to a third party. I don't mean to say that they can be stolen but if this wallet breaks without repair the effect for you will be absolutely the same, i.e. your coins gone for good. As to me, the best cold storage is a paper wallet with keys encrypted and copies saved in a few places (say, in your safe and in a deposit box in a bank)
In case of the Trezor, you can recover your funds by importing the recovery seed through the web wallet interface of Trezor, or you can just recover you coins through a supported desktop client if you don't want to deal with a centralized incentive (which in this case is the web wallet interface of Trezor). It also depends on how you have set everything up. But as long as you have the recovery seed, your coins will always be safe in case your device gets stolen or completely destroyed
I don't quite understand how this system works. If you can somehow restore the keys when your hardware wallet gets destroyed, at least two questions immediately come to my mind. First, if you can actually do that, why would you ever need a hardware wallet at all? And, second, if you can restore the keys without the wallet, why can't someone else do essentially the same without having access to the wallet (i.e. steal your coins)?
What am I missing in this "grand scheme of things"?
Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.
During any war have always been buyers of gold and Antiques. Another thing is that the price is very low and there is always the risk of becoming a victim of robbers, but when there is no food you have to risk. Bitcoin in time of war is not needed.During a war, the gold is more valuable than the antiques.
Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.
well, gold will probably always be used even when Internet access disappears, but you can bitcoin doubled in a short time, and it can make a profit very much, even 40% of the money you have in one day. but it also requires skill and very much information. Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.
During any war have always been buyers of gold and Antiques. Another thing is that the price is very low and there is always the risk of becoming a victim of robbers, but when there is no food you have to risk. Bitcoin in time of war is not needed. 
I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.
I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.
But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.
Bitcoin is good according to the price and his volatility. but the gold already lived from a long time ago. but bitcoin already existed on the every century. and we are know how the communities were seeing it. that was very valuable to keep it for the long term investment.
Gold! Bitcoin is safe when the world is safe. World is heading towards WW3. We can experience power outages. No power - no bitcoin acces.
I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.
I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.
But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.
Bitcoin good object for investment for those who want to quickly multiply their capital. But Bitcoin is still unstable. Therefore, it is best to invest in Bitcoin and gold
I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.
I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.
But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.
Regarding hardware wallets, personally, I don't quite understand why people are so obsessed with them since you are just trusting your bitcoins to a third party. I don't mean to say that they can be stolen but if this wallet breaks without repair the effect for you will be absolutely the same, i.e. your coins gone for good. As to me, the best cold storage is a paper wallet with keys encrypted and copies saved in a few places (say, in your safe and in a deposit box in a bank)
In case of the Trezor, you can recover your funds by importing the recovery seed through the web wallet interface of Trezor, or you can just recover you coins through a supported desktop client if you don't want to deal with a centralized incentive (which in this case is the web wallet interface of Trezor). It also depends on how you have set everything up. But as long as you have the recovery seed, your coins will always be safe in case your device gets stolen or completely destroyed.
Other than that, how would you know that there is such a safe room at all (I mean before breaking into the house)?
I was more referring to a movable safe, but it's basically the same principle since it's an obvious object. My main concern was indeed that one could spot that safe at the time someone managed to break into a house. It's basically the same as a hacker that gains access to a cumputer, and then searches through the entire system for useful/valuable information. In case of a hardware wallet, your coins are safe from hackers, while a burglar could run away with the Gold inside the safe (assuming he manages to access what's inside)
Honestly, I don't think it is quite the same
If a hacker gains access to your computer, he can essentially do anything with it including wiping or encrypting all your data. But when a burglar breaks into your home and finds a safe walled in, he still have to open it somehow unless he knows the codes already, of course. But if he doesn't, what can he do? He can't take the safe with him and he is most certainly short of time. He can burn your house in despair, but the gold in the safe won't be affected. Regarding hardware wallets, personally, I don't quite understand why people are so obsessed with them since you are just trusting your bitcoins to a third party. I don't mean to say that they can be stolen but if this wallet breaks without repair the effect for you will be absolutely the same, i.e. your coins gone for good. As to me, the best cold storage is a paper wallet with keys encrypted and copies saved in a few places (say, in your safe and in a deposit box in a bank)
I would never 100% trust that my Bitcoin would be safe because it's a bit harder to secure
Bitcoin can be as securely stored as you want. If you want the best security, then you can opt to choose for something like a hardware wallet. In case of the trezor hardware wallet, even if you happen to make use of it through an infected pc, then it will still guarantee that your security can't be breached. This will make sure that only YOU will have access to your coins, and not a hacker.
gold can be kept in a safe or something like that.
That's not really a good argument. There are plenty of examples of how a safe can be opened with the right tools. It will only cost them a certain amount of time depending on how the safe is engineered. Plus it's an obvious object that stands out and screams 'Hey! Here am I!!'.
I disagree with that. In your quarters (just like in mine) there may be no such device as a safe room but in the countries and parts of the world (say, Florida) where hurricanes and tornadoes are quite common (and houses are built from shit at that), these are widespread and mostly used as a personal shelter in case of such and similar disasters. And you can store not only gold there but a good arsenal as well
Usually, possession of gold is well correlated with possession of guns
Other than that, how would you know that there is such a safe room at all (I mean before breaking into the house)?
I guess the reasons are purely economic
That is, building a rock-solid house would be pretty expensive given that most families already have to buy their homes on borrowed money and they pay out the debt for a few decades. Further, these houses should be insured, so when they get destroyed the damage should be compensated. Apart from that, the climate in these areas is pretty mild overall all year round and you don't need to have walls 1 meter in thickness to properly insulate the house
for gold and bitcoin, this is my favorite investments. I save a few grams of gold in my safes and I sell it when the big day is usually the price goes up. and it was quite profitable for me
and I also invest in bitcoin to my profit every week
and I also invest in bitcoin to my profit every week
You have a very good strategy. I'm still only invest in Bitcoin. But I plan to part of the funds to invest in gold. When I have extra money I'll do
for gold and bitcoin, this is my favorite investments. I save a few grams of gold in my safes and I sell it when the big day is usually the price goes up. and it was quite profitable for me
and I also invest in bitcoin to my profit every week
and I also invest in bitcoin to my profit every week
You have a very good strategy. I'm still only invest in Bitcoin. But I plan to part of the funds to invest in gold. When I have extra money I'll do
I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.
I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.
But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.
for gold and bitcoin, this is my favorite investments. I save a few grams of gold in my safes and I sell it when the big day is usually the price goes up. and it was quite profitable for me
and I also invest in bitcoin to my profit every week
and I also invest in bitcoin to my profit every week
gold price not every day can big up price
gold price ussualy always slowly incraese price every year, gold price only incraese several dollar every troy ounce every year
I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.
You should also consider diversifying your money into other asset classes as well because investments means not only just bitcoins and gold. But you can also invest in shares, bonds, some money in fixed deposits if your country is offering decent % of interest and real estate businesses. The more you diversify then the investor can reduce their losses in the longer run.
I agree.
OP just asked as gold and bitcoin. That's why I answered that. It makes sense to use different investment tools that we think will make money. This will minimize the damage.
But we need to know about the vehicles we will invest in. Investing in areas that we do not know is not very logical.
for gold and bitcoin, this is my favorite investments. I save a few grams of gold in my safes and I sell it when the big day is usually the price goes up. and it was quite profitable for me
and I also invest in bitcoin to my profit every week
and I also invest in bitcoin to my profit every week
Other than that, how would you know that there is such a safe room at all (I mean before breaking into the house)?
I was more referring to a movable safe, but it's basically the same principle since it's an obvious object. My main concern was indeed that one could spot that safe at the time someone managed to break into a house. It's basically the same as a hacker that gains access to a cumputer, and then searches through the entire system for useful/valuable information. In case of a hardware wallet, your coins are safe from hackers, while a burglar could run away with the Gold inside the safe (assuming he manages to access what's inside).
I would never 100% trust that my Bitcoin would be safe because it's a bit harder to secure
Bitcoin can be as securely stored as you want. If you want the best security, then you can opt to choose for something like a hardware wallet. In case of the trezor hardware wallet, even if you happen to make use of it through an infected pc, then it will still guarantee that your security can't be breached. This will make sure that only YOU will have access to your coins, and not a hacker.
gold can be kept in a safe or something like that.
That's not really a good argument. There are plenty of examples of how a safe can be opened with the right tools. It will only cost them a certain amount of time depending on how the safe is engineered. Plus it's an obvious object that stands out and screams 'Hey! Here am I!!'.
I disagree with that. In your quarters (just like in mine) there may be no such device as a safe room but in the countries and parts of the world (say, Florida) where hurricanes and tornadoes are quite common (and houses are built from shit at that), these are widespread and mostly used as a personal shelter in case of such and similar disasters. And you can store not only gold there but a good arsenal as well
Usually, possession of gold is well correlated with possession of guns
Other than that, how would you know that there is such a safe room at all (I mean before breaking into the house)?
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