Bitcoin or gold? - page 239. | Bitcointalksearch.org

farl2web

full member

Activity: 168

Merit: 100

Quote from: flix on February 11, 2017, 03:02:12 PM

Quote from: Holly-Dolly on February 11, 2017, 02:50:32 PM

At the expense of safety, I agree with you, but that relates to the preservation of the values, here I have a question. Gold is valued for thousands of years ago and is now valued. I am sure that this will continue. And what will be with bitcoin?

It remains to be seen whether bitcoin will be adopted as a mainstream currency, however banks are gearing up to implement the technology behind it (blockchain) as we speak:

https://www.bloomberg.com/news/articles/2016-12-21/who-owns-blockchain-goldman-bofa-amass-patents-for-coming-wars

It's in the best interest of banks to implement the technology, not necessarily the currency. Blockchain could save banks $20 billion per year:

http://www.coindesk.com/santander-blockchain-tech-can-save-banks-20-billion-a-year/

It'd be a huge disappointment to investors, but the possibility of bitcoin not taking over finance in the way that we think is very real. I guess it all comes down to the consumer; if they get on board with Bitcoin (which would probably require greater price stability), there's no question bitcoin will be much bigger than it is now.

Banks blockchain tested for the personal benefit of the user and with this good nothing perepadet. To avoid it turned out that with the help of these technologies, banks will compete with bitcoin.

flix

legendary

Activity: 1227

Merit: 1000

Quote from: Holly-Dolly on February 11, 2017, 02:50:32 PM

At the expense of safety, I agree with you, but that relates to the preservation of the values, here I have a question. Gold is valued for thousands of years ago and is now valued. I am sure that this will continue. And what will be with bitcoin?

It remains to be seen whether bitcoin will be adopted as a mainstream currency, however banks are gearing up to implement the technology behind it (blockchain) as we speak:

https://www.bloomberg.com/news/articles/2016-12-21/who-owns-blockchain-goldman-bofa-amass-patents-for-coming-wars

It's in the best interest of banks to implement the technology, not necessarily the currency. Blockchain could save banks $20 billion per year:

http://www.coindesk.com/santander-blockchain-tech-can-save-banks-20-billion-a-year/

It'd be a huge disappointment to investors, but the possibility of bitcoin not taking over finance in the way that we think is very real. I guess it all comes down to the consumer; if they get on board with Bitcoin (which would probably require greater price stability), there's no question bitcoin will be much bigger than it is now.

Holly-Dolly

full member

Activity: 179

Merit: 100

Quote from: flix on February 11, 2017, 02:41:28 PM

I think the main consideration when you're deciding between bitcoin in gold and looking for a place to store wealth is security. This is where bitcoin shines. It can be stored on flash drives, so concealing it is easier. Also, using offline wallets can render theft impossible (unless someone had physical access to the hardware). The technology behind it is constantly being developed, so there's a chance that in a few years, the original methods developed by Nakamoto could improve with the work of pioneering companies.

At the expense of safety, I agree with you, but that relates to the preservation of the values, here I have a question. Gold is valued for thousands of years ago and is now valued. I am sure that this will continue. And what will be with bitcoin?

flix

legendary

Activity: 1227

Merit: 1000

I think the main consideration when you're deciding between bitcoin in gold and looking for a place to store wealth is security. This is where bitcoin shines. It can be stored on flash drives, so concealing it is easier. Also, using offline wallets can render theft impossible (unless someone had physical access to the hardware). The technology behind it is constantly being developed, so there's a chance that in a few years, the original methods developed by Nakamoto could improve with the work of pioneering companies.

salemon

full member

Activity: 179

Merit: 100

Quote from: revans on February 11, 2017, 09:04:46 AM

Quote from: cluit on February 11, 2017, 03:49:11 AM

Quote from: jorse on February 10, 2017, 03:20:43 PM

Quote from: tkbx on March 09, 2014, 01:21:54 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.

If select both be? hhehe
I think all that smells of it should be profitable, it must be
because it is the law of nature '
maybe we invested each object

I can choose both as well if I get a lot of money. but if I get a small amount of money and I only have to choose one of them than I'll give bitcoin priority over Gold. I don't have big words. just because I like bitcoin more and I think bitcoin is more useful than Gold.

Bitcoin is another gold which have more tendency to give better results in compare to gold as gold is stable in compare to bitcoins where as price volatility in bitcoins makes it more attractive and it can give us best results in long run as we cannot predict how higher bitcoin price can go in future.

According to experts, the bitcoin in the future be able to make themselves the owners of a very Bhagat in varying degrees, so bitcoin need to believe and trust. But I think that gold has a lot of confidence and stability.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: ananas99 on February 11, 2017, 02:02:15 PM

The credibility of the gold at all conclusive. Any currency of the world may lose its value and relevance in general, but gold will remain and will ensure the consistency of its owner.

You're absolutely right, but we now have Bitcoin that is basically offering the same features that a lot investors and long term minded people are looking for. With Bitcoin you also enjoy transparency in the way that you exactly know how many coins there are in circulation already, and how many there are left to be mined. Nothing can be faked or kept hidden from the market. That's not the case with gold. We depend on the information given by others in order to conclude how much gold is in circulation. Then I haven't even been talking about hidden gold stashes from governments and elite individuals.

ananas99

sr. member

Activity: 632

Merit: 250

The credibility of the gold at all conclusive. Any currency of the world may lose its value and relevance in general, but gold will remain and will ensure the consistency of its owner.

onelove2111

sr. member

Activity: 254

Merit: 250

Quote from: hawkins on February 11, 2017, 09:08:00 AM

Quote from: revans on February 11, 2017, 09:04:46 AM

Quote from: cluit on February 11, 2017, 03:49:11 AM

Quote from: jorse on February 10, 2017, 03:20:43 PM

Quote from: tkbx on March 09, 2014, 01:21:54 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.

If select both be? hhehe
I think all that smells of it should be profitable, it must be
because it is the law of nature '
maybe we invested each object

I can choose both as well if I get a lot of money. but if I get a small amount of money and I only have to choose one of them than I'll give bitcoin priority over Gold. I don't have big words. just because I like bitcoin more and I think bitcoin is more useful than Gold.

Bitcoin is another gold which have more tendency to give better results in compare to gold as gold is stable in compare to bitcoins where as price volatility in bitcoins makes it more attractive and it can give us best results in long run as we cannot predict how higher bitcoin price can go in future.

bitcoin, and gold could be exploited by time. if you're great in using bitcoin in a short time, I think bitcoin still be better. because, although the price can not be predicted, but you can use it for trading, or investing in some time. it can bring promised benefits. but, if you want to feel safe, perhaps gold is the best way to turn a profit, but in quite a long time.

Since bitcoin is not very stable today, I would invest in gold. Precious metals will always be valued, even with small variations in rates.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Xenophoto on February 11, 2017, 01:49:50 AM

Quote from: basesaw on February 10, 2017, 09:52:17 AM

Quote from: Xenophoto on February 10, 2017, 09:30:27 AM

Quote from: Liang_Kubur on February 10, 2017, 06:15:29 AM

I'm still not convinced that the bitcoin investment will continue to be lucrative so I kept making gold investment a priority. This is because the bitcoin is still not in legalized in my country so that makes me hesitate.

It's not a legal currency in any country. The government simply don't care about it. If you live in Japan, in 2 months it would be a legal payment method. Look it up online, it's true. But supposed you live elsewhere, you don't have to hesitate at all just because it's not legalized. You still have the same opportunity with us.

All investment doesn't have any assurance to continue to be lucrative, though. Bitcoin is no different. You still have to risk your money in order to make profit.

really. i think bitcoin is now legal to some country. the government cares about it because it is still a currency and need to be regulated by the governemnt. by this day the virtual currency cant be handled by the government because of the lack of laws about the virtual currency. but someday if they have time about this they might hold the virtual currencies.

I don't know about what you mean with "legal". There are local exchange that has partnership with local companies and that allows you to pay bills "legally" with your bitcoins. But it's not legal in terms of payment that you're going to pay someone or a company that doesn't have partnership with the exchanger.

I doubt that they'd be able to handle the Internet using their laws. Porn and online gambling is banned in several countries in the world but simply using a VPN solves the problem. It's not worth risking going to jail just to do these online activities but I've never seen on the news someone going to jail because he was watching porn or he was gambling online. I think the same thing would just happen when you use bitcoins

I'm afraid this is not quite the same

The main difference is that Bitcoin can be used as money. As long as you gamble it away (or even if you just happen to trade it for fiat to and fro), no one is likely going to give a fuck about that. But if you are using Bitcoin as money, i.e. as a means of payment, it will be an entirely different story. For example, in many countries local businesses are not allowed to receive payments in foreign currencies (though they may still calculate the prices in, say, the US dollars). In fact, even exporters are required to sell part of their foreign currency proceeds for local money

hawkins

hero member

Activity: 1204

Merit: 500

Quote from: revans on February 11, 2017, 09:04:46 AM

Quote from: cluit on February 11, 2017, 03:49:11 AM

Quote from: jorse on February 10, 2017, 03:20:43 PM

Quote from: tkbx on March 09, 2014, 01:21:54 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.

If select both be? hhehe
I think all that smells of it should be profitable, it must be
because it is the law of nature '
maybe we invested each object

I can choose both as well if I get a lot of money. but if I get a small amount of money and I only have to choose one of them than I'll give bitcoin priority over Gold. I don't have big words. just because I like bitcoin more and I think bitcoin is more useful than Gold.

Bitcoin is another gold which have more tendency to give better results in compare to gold as gold is stable in compare to bitcoins where as price volatility in bitcoins makes it more attractive and it can give us best results in long run as we cannot predict how higher bitcoin price can go in future.

bitcoin, and gold could be exploited by time. if you're great in using bitcoin in a short time, I think bitcoin still be better. because, although the price can not be predicted, but you can use it for trading, or investing in some time. it can bring promised benefits. but, if you want to feel safe, perhaps gold is the best way to turn a profit, but in quite a long time.

revans

sr. member

Activity: 336

Merit: 250

Quote from: cluit on February 11, 2017, 03:49:11 AM

Quote from: jorse on February 10, 2017, 03:20:43 PM

Quote from: tkbx on March 09, 2014, 01:21:54 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.

If select both be? hhehe
I think all that smells of it should be profitable, it must be
because it is the law of nature '
maybe we invested each object

I can choose both as well if I get a lot of money. but if I get a small amount of money and I only have to choose one of them than I'll give bitcoin priority over Gold. I don't have big words. just because I like bitcoin more and I think bitcoin is more useful than Gold.

Bitcoin is another gold which have more tendency to give better results in compare to gold as gold is stable in compare to bitcoins where as price volatility in bitcoins makes it more attractive and it can give us best results in long run as we cannot predict how higher bitcoin price can go in future.

cluit

legendary

Activity: 1176

Merit: 1016

Quote from: jorse on February 10, 2017, 03:20:43 PM

Quote from: tkbx on March 09, 2014, 01:21:54 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.

If select both be? hhehe
I think all that smells of it should be profitable, it must be
because it is the law of nature '
maybe we invested each object

I can choose both as well if I get a lot of money. but if I get a small amount of money and I only have to choose one of them than I'll give bitcoin priority over Gold. I don't have big words. just because I like bitcoin more and I think bitcoin is more useful than Gold.

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: mastica on February 10, 2017, 08:46:59 PM

Gold is signal of wealth its something that belongs to the past, you cant expose your gold anymore as before, because you can loose your life and your gold, the world has changed a bit, sure there are investors with gold saved at bank, but lets look at bitcoin last 3 years, from the 250 dollars to 1000 dollars, and the potencial of bitcoin hasnt yet been exposed, meaning its just a start, while i do see gold as a frozen market and used and abused by countries to try to keep their currencie strong.

yes such kind of problems are increasing from time to time. and specially in backward countries where the unemployment ratio is more. it is becoming difficult to take care of their gold and it is too much expensive to keep gold in banks. therefore people are now no more interested in gold and their security, therefore they are taking interest in bitcoin where they do not need for such high security.

Gromozeka!

legendary

Activity: 1330

Merit: 1007

Quote from: 8Habits on February 11, 2017, 02:27:16 AM

Quote from: Silberman on February 11, 2017, 02:02:12 AM

I will choose bitcoin but I don’t think that is that surprising since this is a bitcoin forum, if you asked the question in a forum about gold then you will get the opposite results you are getting here.

Make sense.. But I really found people that have possession of golds that are investing as well in bitcoin - they are somewhat open minded with business and investing.. Well, that what makes them really having wealth due to their mind setting and not on their current possession of gold and bitcoin

Many people keep their money in Bitcoin and gold, it is akin to the diversification of its investment portfolio. My friend always preferred gold, but in 2014 he buys exclusively Bitcoin.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: BitcoinGirl.Club on February 11, 2017, 02:22:37 AM

Quote from: mastica on February 10, 2017, 08:46:59 PM

Gold is signal of wealth its something that belongs to the past, you cant expose your gold anymore as before, because you can loose your life and your gold, the world has changed a bit, sure there are investors with gold saved at bank, but lets look at bitcoin last 3 years, from the 250 dollars to 1000 dollars, and the potencial of bitcoin hasnt yet been exposed, meaning its just a start, while i do see gold as a frozen market and used and abused by countries to try to keep their currencie strong.

I agree and why would anyone want to put their life at risk because of gold {life is precious} Huh

For this reason I pick Bitcoin and possibly in the future it also might be used as a symbol status quo.

What we want in life is to live a comfortable life and we cannot achieve it without money, therefore we invest aiming to grow what we have invested. Gold is a good investment while it may risk your money and your life in the line. With the advent of bitcoin, it offers us different kind of investment where we do not need a third party to manage it for us, we have all the freedom whatever we do with our money, in addition, the privacy that we have been longing is already here, it can help us be secured as people with bad intention would not know our real worth.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: Silberman on February 11, 2017, 02:02:12 AM

I will choose bitcoin but I don’t think that is that surprising since this is a bitcoin forum, if you asked the question in a forum about gold then you will get the opposite results you are getting here.

Make sense.. But I really found people that have possession of golds that are investing as well in bitcoin - they are somewhat open minded with business and investing.. Well, that what makes them really having wealth due to their mind setting and not on their current possession of gold and bitcoin

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: mastica on February 10, 2017, 08:46:59 PM

Gold is signal of wealth its something that belongs to the past, you cant expose your gold anymore as before, because you can loose your life and your gold, the world has changed a bit, sure there are investors with gold saved at bank, but lets look at bitcoin last 3 years, from the 250 dollars to 1000 dollars, and the potencial of bitcoin hasnt yet been exposed, meaning its just a start, while i do see gold as a frozen market and used and abused by countries to try to keep their currencie strong.

I agree and why would anyone want to put their life at risk because of gold {life is precious} Huh

For this reason I pick Bitcoin and possibly in the future it also might be used as a symbol status quo.

Silberman

legendary

Activity: 2534

Merit: 1338

I will choose bitcoin but I don’t think that is that surprising since this is a bitcoin forum, if you asked the question in a forum about gold then you will get the opposite results you are getting here.

Xenophoto

hero member

Activity: 826

Merit: 502

Quote from: basesaw on February 10, 2017, 09:52:17 AM

Quote from: Xenophoto on February 10, 2017, 09:30:27 AM

Quote from: Liang_Kubur on February 10, 2017, 06:15:29 AM

I'm still not convinced that the bitcoin investment will continue to be lucrative so I kept making gold investment a priority. This is because the bitcoin is still not in legalized in my country so that makes me hesitate.

It's not a legal currency in any country. The government simply don't care about it. If you live in Japan, in 2 months it would be a legal payment method. Look it up online, it's true. But supposed you live elsewhere, you don't have to hesitate at all just because it's not legalized. You still have the same opportunity with us.

All investment doesn't have any assurance to continue to be lucrative, though. Bitcoin is no different. You still have to risk your money in order to make profit.

really. i think bitcoin is now legal to some country. the government cares about it because it is still a currency and need to be regulated by the governemnt. by this day the virtual currency cant be handled by the government because of the lack of laws about the virtual currency. but someday if they have time about this they might hold the virtual currencies.

I don't know about what you mean with "legal". There are local exchange that has partnership with local companies and that allows you to pay bills "legally" with your bitcoins. But it's not legal in terms of payment that you're going to pay someone or a company that doesn't have partnership with the exchanger.

I doubt that they'd be able to handle the Internet using their laws. Porn and online gambling is banned in several countries in the world but simply using a VPN solves the problem. It's not worth risking going to jail just to do these online activities but I've never seen on the news someone going to jail because he was watching porn or he was gambling online. I think the same thing would just happen when you use bitcoins.

mastica

hero member

Activity: 938

Merit: 500

Gold is signal of wealth its something that belongs to the past, you cant expose your gold anymore as before, because you can loose your life and your gold, the world has changed a bit, sure there are investors with gold saved at bank, but lets look at bitcoin last 3 years, from the 250 dollars to 1000 dollars, and the potencial of bitcoin hasnt yet been exposed, meaning its just a start, while i do see gold as a frozen market and used and abused by countries to try to keep their currencie strong.

Topic: Bitcoin or gold? - page 239. (Read 984457 times)