Topic: Bitcoin or gold? - page 441. (Read 984457 times)

Calling me a retard doesn't negate reality.

Proof of the process: making gold from glass...

https://youtu.be/ISeusr6H2Rc


The guy to first figured it out burned through 600 regular store bought microwaves. He was a PhD in engineering and chemistry and devoted his life to it.

Gold is always better in long run as gold is much stable in long run and bitcoin is bit risky to invest as price keeps on fluctuating every now and then, so gold holds more satisfied users.

to be honest bitcoin price might fall too not only grow all the time as there were huge dumps in the past that would make you lose a lot of your money so all investments should be careful

to be honest i would most probably choose bitcoins over gold because their value might increase a lot though for a more stable investment i would definitely go with gold

Before Bitcoin rose from $230 to the current levels of $415-430, it had hit a peak of $1,200. During the 2014-15 period, Bitcoin lost 80% of its value, and the transaction volumes hit all time lows. It is true that a small recovery has occurred, probably fueled by the speculation regarding the next block reward halving. But there is a long way to go still....

Yes going with bitcoin at a  moment is the right thing to do as you can expect higher profits in next couple of months as halving will take value to much higher level.

Well besides the magic ammount of 1000 and 800 dollars,bitcoin last year were on the 250 -300 dollars ,and get around 50 % more value gold hadnt made such as i belive.Both investments good but i would go with bitcoin has its keep growing and getting mature.

well bitcoin isn't dead as it seems from your last post, still plenty of things will happen, the market look rock solid, next move is almost certain to be up and not down

What he's saying is partially true.

Microwaving helps the separation of fine silica and gold which is trapped in the (raw material) sand that was used. Gold is *everywhere* around us. Every soil or sand, even the ocean water, has some tiny amount of gold. The problem is that it is in the "parts per billion" range. Some sands have higher content and, if there was a method of separation, it would be possible to extract the gold from the glass. And it just so happens that microwaving is able to do it, under circumstances.

I am not aware of the cost vs benefit ratios though. The cost for me, for example, would be something like

-lost revenue per bottle that could be recycled (I think recyclers over here pay ~0.10 euro or something, per beer bottle - which would be the equivalent of extracting 0.003grams of gold per bottle)
-money on industrial mw ovens
-money on electricity
-money on handling tools and graphite casting equipment or similar, which tend to break due to the glassification of the (remelted) sand
-disposal costs of amorphous molten glass (?)

...etc... So is it worth it? Who knows. But the price they are paying per bottle is definitely "fishy". I've often contemplated why they are paying so much for recycling glass beer bottles.

edit: And I just noticed you have an avatar of an astronaut drinking from a beer bottle

Gold is doing 25% better than bitcoin then

Retard.

Glass is made from silica, gold is an element.

Every day the movie Idiocracy becomes closer to reality.

Bet you also think we live on a flat earth too 

Gold can be made from brown beer bottle glass in a microwave. People have been doing it for years now. The electrons change the glass into gold and other precious metals. Some companies and governments probably makes tons of gold this way secretly. Then they tell you it's rare which is a lie. Precious metals are a scam.

Bitcoin will also fail in a few years IMO.

Bitcoin in present scenario and gold for the future as both are the best investment products, but If I have to choose one then  I would prefer to go with gold to play it safe.

you forgot that gold has droped 40% since its last ath, so no gold is in negative right now compared to its all time high

You can have gold as a investment but what I suggest is for short term profit making try with bitcoin and use the earned bitcoin in the investment of gold. At present believing in bitcoin helps you make huge investments in gold.

You can't compare storing a digital asset such as Bitcoin to storing a physical resource such as gold, platinum, silver or diamond. Digital assets can be stolen if the hackers manage to crack your private key, while the physical assets can be stolen only if the thief manages to break in to your locker. That said, hiding Bitcoins (from tax authorities?) is much more easier than hiding bullion coins and bars.

And bitcoin has dropped more than 65% since Nov 2013, you forgot to mention that

At least gold is up 17% Y2D

Maybe you are right, it's your money and of course you can do with them whatever you want but as you know the price of gold is not that stable too. In fact it has dropped more than 25% since January 2013.

Bitcoin and gold are both are a good currency and gold is indeed now these days very strong as you can see but Bitcoin is getting also more popular so that is also nice.
But you have to know that you cant use gold in the future because everything is getting more digital and that is not compatible with gold itself.

I'm also thinking to do this because it can be really profitable, with gold it will take a lot of time to make profit but this would be good for a long term because of that.
Overall I think the bitcoin is gonna be good for a short term because of the halving that is coming this year.

Another example of someone posting made up facts about gold -





Is bitcoin really that cheap as a payment method? the last time I checked the spread between buying/selling in places like localbitcoins is around 6%



Try converting your total holdings of bitcoin into grams of gold, im sure you wouldnt have a problem storing it at home.  1kg gold is currently just over $40,000 and is around the size of a mobile phone -not hard to store at home!