Topic: Bitcoin or gold? - page 406. (Read 984448 times)

Quote from: Lokfar on May 02, 2016, 10:52:20 AM

As you can see now you see that Bitcoin is getting more popular and that is because the currency is also getting more acceptable and more used so that is quite nice.
But the only thing that have to change is the value because that must rise up soon.

Yeah bitcoin is better than gold for us that uses bitcoin but for those who doesn't know about bitcoin.
They will choose gold between them. Gold is precious, well all know it and it has a high value the longer it is the higher value it becomes.

Gold have been precious for a longer time that is why it is easy to get hooked to it. Bitcoin is still young and many more years to go to get the level of where gold it. I want gold also but it is not that easy to get unlike bitcoin.

yeah maybe in 10 years everyone wants them both. But these years i don't think so many countries
doesn't accept the coin in each store only several countries does.
But maybe in 10 years we will see.

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Quote from: deisik on May 30, 2016, 04:59:38 AM

So you inevitably come to a conclusion that cash stashed under the mattress and gold buried in the backyard are the best available options

Unfortunately that is going to be the case in the near future. But even stashing the banknotes is going to become difficult in the future. High-denomination banknotes are being withdrawn in many countries. The €500 banknote is the latest casualty. If things go on like this, they will soon ban the $100 and the £50 banknotes.

The CHF 1000 note is still there. But I don't know for how long...

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Quote from: Betwrong on May 30, 2016, 03:37:27 AM

Quote from: bryant.coleman on May 30, 2016, 03:20:19 AM

Quote from: Betwrong on May 30, 2016, 03:37:27 AM

So what's the catch? As I said it quite a lot of times already, it is not a matter of if but sooner when your money gets stolen by an exchange. Their name is Legion...

This is a major issue with Bitcoin. There is not a single Bitcoin exchange out there, which we can trust 100%. I am using BTC-e for the last 4 years. Even then, I won't trust them. I never keep any of my coins in these exchanges on the long-term... but sometimes I am forced to do so (for example, to purchase LTC in exchange for BTC).

I agree with you, but is there a bank which we can trust 100%? No. But we do not consider this as a big problem, we are just using the banks everyday. Same with Bitcoin exchanges: just don't use those which look very suspicious.

In most countries with well-developed banking systems, deposits are insured by special insuring agencies, and the system is heavily regulated and controlled overall, unlike shady Bitcoin exchanges, which may exist only online with no real offices and all that offline stuff and staff. On the other hand, the Great Cyprus Haircut leaves much room for rethinking this issue again...

So you inevitably come to a conclusion that cash stashed under the mattress and gold buried in the backyard are the best available options

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Quote from: bryant.coleman on May 30, 2016, 03:20:19 AM

Quote from: bryant.coleman on May 30, 2016, 03:20:19 AM

So what's the catch? As I said it quite a lot of times already, it is not a matter of if but sooner when your money gets stolen by an exchange. Their name is Legion...

This is a major issue with Bitcoin. There is not a single Bitcoin exchange out there, which we can trust 100%. I am using BTC-e for the last 4 years. Even then, I won't trust them. I never keep any of my coins in these exchanges on the long-term... but sometimes I am forced to do so (for example, to purchase LTC in exchange for BTC).

I agree with you, but is there a bank which we can trust 100%? No. But we do not consider this as a big problem, we are just using the banks everyday. Same with Bitcoin exchanges: just don't use those which look very suspicious.

All banks have it's own interest and since it is bank, they are getting profit from the money we saves to them. And bitcoin exchanging sites,
doesn't have the same price as well. It is depending on their maintenance and how much profit do they get from exchanging.

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So what's the catch? As I said it quite a lot of times already, it is not a matter of if but sooner when your money gets stolen by an exchange. Their name is Legion...

This is a major issue with Bitcoin. There is not a single Bitcoin exchange out there, which we can trust 100%. I am using BTC-e for the last 4 years. Even then, I won't trust them. I never keep any of my coins in these exchanges on the long-term... but sometimes I am forced to do so (for example, to purchase LTC in exchange for BTC).

I agree with you, but is there a bank which we can trust 100%? No. But we do not consider this as a big problem, we are just using the banks everyday. Same with Bitcoin exchanges: just don't use those which look very suspicious.

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Quote from: spotico on May 30, 2016, 03:08:58 AM

So what's the catch? As I said it quite a lot of times already, it is not a matter of if but sooner when your money gets stolen by an exchange. Their name is Legion...

This is a major issue with Bitcoin. There is not a single Bitcoin exchange out there, which we can trust 100%. I am using BTC-e for the last 4 years. Even then, I won't trust them. I never keep any of my coins in these exchanges on the long-term... but sometimes I am forced to do so (for example, to purchase LTC in exchange for BTC).

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More Opportunities For Bitcoin

Well you are right, there are a lot of opportunities waiting for people who are going to use bitcoin. In gold, only the opportunities
comes to miners, jewelry sellers and rich investors who can afford to buy gold. But in bitcoin it is open for every one that who wants to
be fair and benefit to it.

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More Opportunities For Bitcoin

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Quote from: AndySt on May 29, 2016, 07:22:42 PM

Quote from: JumperX on May 29, 2016, 09:38:28 AM

I would prefer to do both. I think that gold is much more stable so I would want to invest a lot in it. I would also want to put some in bitcoin because it has more potential to increase in value but is also more unstable.

I think the divide into 2 to investments in both would reduce the possible benefits will you get. so my advice is better to choose one of gold or bitcoin you have to take risks dude

I think that bitcoin will be more potential but also more risk. As for the gold worth many thousands of years of human history.

We all know it as gold has proven its value and worth for many generations. But we are in the modern era, where technology has on
our trend and we are using it and we admit without technology we will go back to our lives where slow transactions as usual.
But, with the help of bitcoin all manual transactions can be done fast.

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Quote from: torrentheaven on May 29, 2016, 09:04:54 AM

Quote from: Hatuferu on May 29, 2016, 10:20:40 PM

I would prefer to do both. I think that gold is much more stable so I would want to invest a lot in it. I would also want to put some in bitcoin because it has more potential to increase in value but is also more unstable.

Bitcoin is really good at a moment, If I have to invest my money now then I will prefer to invest only in bitcoin, even a small investment can give me huge returns.

This is a very good sign of bitcoin is way getting better and better for this time. And for sure, many gold traders will see the potential of it.
As I can see today, bitcoin would be helpful a lot for those big time traders of gold.
If they will shift into bitcoin.

I think majority of gold traders have switched to bitcoin trading since long time, traders knows very well from where they can earn good profits, and investment is no big deal for them.

I can only add some technical details to what bryant.coleman said. I've been very successful in Bitcoin trading (actually, it comes only second in respect to % earned through my entire trading life, though not in absolute terms). Within half a year that I traded Bitcoin I multiplied the starting capital a few times (approximately 4 to 5 times), but then I dropped Bitcoin trading altogether, though I still consider Bitcoin as one of the best vehicles for speculation and profiteering. The market is still full of clueless people with money and crazy ideas about trading or just die-hard idiots (read the trading threads to get an idea). So what's the catch? As I said it quite a lot of times already, it is not a matter of if but sooner when your money gets stolen by an exchange. Their name is Legion...

Every coin has two sides, and traders also know very well where they can lose money for reasons they cannot control

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Quote from: AndySt on May 29, 2016, 07:22:42 PM

Quote from: JumperX on May 29, 2016, 09:38:28 AM

I would prefer to do both. I think that gold is much more stable so I would want to invest a lot in it. I would also want to put some in bitcoin because it has more potential to increase in value but is also more unstable.

I think the divide into 2 to investments in both would reduce the possible benefits will you get. so my advice is better to choose one of gold or bitcoin you have to take risks dude

I think that bitcoin will be more potential but also more risk. As for the gold worth many thousands of years of human history.

Let's think this way man, the more risk the more potential to earn profit, imagine if you but bitcoins at $1 each way back at its early stage then you are already filthy rich now.

Well that's true, so for those people who are pioneers on bitcoin for sure they have earned a lot, IF they saved enough bitcoins for a long time.
But if not, well they will regret for sure.
But I guess there are lot of holders that have saved some bitcoins to their cold storage.

bryant.coleman

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I think majority of gold traders have switched to bitcoin trading since long time, traders knows very well from where they can earn good profits, and investment is no big deal for them.

Trading in gold is huge, and the volumes are estimated in hundreds of billions of USD per day, if margin trading is also taken into account. Had even 0.1% of these traders switched to Bitcoin trading, then the exchange rates would have zoomed to $10,000 per coin. As of now, the daily volumes for Bitcoin is less than $100 million.

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Quote from: AndySt on May 29, 2016, 07:22:42 PM

I would prefer to do both. I think that gold is much more stable so I would want to invest a lot in it. I would also want to put some in bitcoin because it has more potential to increase in value but is also more unstable.

I think the divide into 2 to investments in both would reduce the possible benefits will you get. so my advice is better to choose one of gold or bitcoin you have to take risks dude

I think that bitcoin will be more potential but also more risk. As for the gold worth many thousands of years of human history.

Let's think this way man, the more risk the more potential to earn profit, imagine if you but bitcoins at $1 each way back at its early stage then you are already filthy rich now.

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I would prefer to do both. I think that gold is much more stable so I would want to invest a lot in it. I would also want to put some in bitcoin because it has more potential to increase in value but is also more unstable.

I think the divide into 2 to investments in both would reduce the possible benefits will you get. so my advice is better to choose one of gold or bitcoin you have to take risks dude

I think that bitcoin will be more potential but also more risk. As for the gold worth many thousands of years of human history.

goldcoinminer

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I would prefer to do both. I think that gold is much more stable so I would want to invest a lot in it. I would also want to put some in bitcoin because it has more potential to increase in value but is also more unstable.

I think the divide into 2 to investments in both would reduce the possible benefits will you get. so my advice is better to choose one of gold or bitcoin you have to take risks dude

If you can do both the better, we should not limit our investments because its the only way we can earn money in the future, as long as you can afford to invest and you know risk and can afford of losing it then you are good to go.

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Quote from: ps_jb on May 29, 2016, 05:29:49 PM

I would prefer to do both. I think that gold is much more stable so I would want to invest a lot in it. I would also want to put some in bitcoin because it has more potential to increase in value but is also more unstable.

I think the divide into 2 to investments in both would reduce the possible benefits will you get. so my advice is better to choose one of gold or bitcoin you have to take risks dude

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Quote from: dezoel on May 29, 2016, 05:23:53 PM

and at a moment bitcoin is the best and I hope you all know that.

Why we should know that?

All I know (personally) that BTC is on huge rally last couple of day. Which means that big players are shaking the boat to get a super profits.

Don't think about big players or others they are not gonna give profit share to you, do it what you feel good, and I really don't care about big whales, I am earning good and I will continue to do that in future too.

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Quote from: dezoel on May 29, 2016, 05:23:53 PM

and at a moment bitcoin is the best and I hope you all know that.

Why we should know that?

All I know (personally) that BTC is on huge rally last couple of day. Which means that big players are shaking the boat to get a super profits.

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Quote from: tabas on May 29, 2016, 11:12:28 AM

Quote from: greBit on May 29, 2016, 10:51:08 AM

Quote from: tabas on May 29, 2016, 10:27:21 AM

Quote from: peta4e on May 29, 2016, 10:06:14 AM

Quote from: JumperX on May 29, 2016, 09:38:28 AM

Quote from: torrentheaven on May 29, 2016, 09:04:54 AM