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Topic: Bitcoin or gold? - page 464. (Read 984448 times)

full member
Activity: 210
Merit: 100
February 29, 2016, 05:52:08 PM
Gold would be always better option in compare to bitcoin, as the gold is more stable and bitcoin is too volatile, so a person who is looking for guaranteed returns would choose gold.
jr. member
Activity: 59
Merit: 10
February 29, 2016, 02:34:56 PM
Gold is overated really. Sure it's a usable metal but you can use many other metals instead. As far as a currency goes it's not that great but suppose it holds its worth as a precious metal at least.
legendary
Activity: 2310
Merit: 1422
February 29, 2016, 01:55:28 PM
some stats
last month BTC was around 380$ while now is 437$
+15,68% or +59$ equivalent
If one would have traded on a monthly basis here is a nice profit

Gold...
one month ago was trading around 1116$ while now we are about 1232$

Last month our btc and gold saw a nice increase which could have led to a very good profit.
If you started while the price was low then, well done.
sr. member
Activity: 308
Merit: 250
February 29, 2016, 01:28:12 PM
Still trusting into gold because as we can see that gold market quite stable if we compare into bitcoin market by chart

-snip

At the future, both of them btc & gold will become the rare resource ..
I can see they have same personality
Especially if population continues to grow.
We can expect more wars more hungry more economic turbulencies.

And raise in price of gold for sure!
Bitcoin will prove himself over time, we can expect more adaptation.
legendary
Activity: 1862
Merit: 1015
February 29, 2016, 12:58:12 PM
Still trusting into gold because as we can see that gold market quite stable if we compare into bitcoin market by chart

but we dont have an infinite supply of energy to create infinite amounts of gold.

Then there is the cost -

....


At the future, both of them btc & gold will become the rare resource ..
I can see they have same personality
legendary
Activity: 1218
Merit: 1000
February 29, 2016, 12:53:17 PM
Many people like gold. Gold is very nice. You can hold it and save them home or something.
But many people also like Bitcoin. You can save Bitcoin in an online wallet and that is very good and safe as well.
it is because bitcoin can be easily obtained, whereas gold does. people sometimes choose gold to invest their money in a long time, while those who choose bitcoin sometimes just want to benefit
legendary
Activity: 2254
Merit: 1043
February 29, 2016, 12:39:59 PM
but we dont have an infinite supply of energy to create infinite amounts of gold.

Then there is the cost -

"It would cost more than one quadrillion dollars per ounce to produce gold by this experiment,"

http://www.scientificamerican.com/article/fact-or-fiction-lead-can-be-turned-into-gold/
hero member
Activity: 616
Merit: 503
★Bitvest.io★ Play Plinko or Invest!
February 29, 2016, 12:36:23 PM
Bitcoin supply is unlimited because its infinitly divisible.

You could divide 1 bitcoin between everyone on the planet if you wanted too.

Yes. But that is still just one bitcoin. One bitcoin will be worth a lot if there is no way to make two bitcoin out of one bitcoin.

My point is that bitcoin is not scarce, it is infinitely available.

The only thing that changes is how much fiat value you apply to each digit.

you can not impose an hard fork to add more divisible unit, so it's actually scarce, if you means that it's not scarce because the value of a single coins can increase

then i can argue the same about gold

I am just stating if bitcoin achieved a huge value per whole coin then additional digits can easily be added through the changing of a few lines of code.

You cant create more gold with a magic wand.

well with gold is kinda the same you can create synthetic gold, and have it infinite, yeha i know it's not efficient, but the point stand
Synthetic gold ? Like man-made fusion processed gold ? I don't see the point in doing this at all...
The thing is that if gold is not divisible enough, you just have to do what they did in the past: Use silver for smaller transactions !

legendary
Activity: 3248
Merit: 1070
February 29, 2016, 12:26:47 PM
Bitcoin supply is unlimited because its infinitly divisible.

You could divide 1 bitcoin between everyone on the planet if you wanted too.

Yes. But that is still just one bitcoin. One bitcoin will be worth a lot if there is no way to make two bitcoin out of one bitcoin.

My point is that bitcoin is not scarce, it is infinitely available.

The only thing that changes is how much fiat value you apply to each digit.

you can not impose an hard fork to add more divisible unit, so it's actually scarce, if you means that it's not scarce because the value of a single coins can increase

then i can argue the same about gold

I am just stating if bitcoin achieved a huge value per whole coin then additional digits can easily be added through the changing of a few lines of code.

You cant create more gold with a magic wand.

well with gold is kinda the same you can create synthetic gold, and have it infinite, yeha i know it's not efficient, but the point stand
hero member
Activity: 756
Merit: 500
February 29, 2016, 12:24:53 PM

My point is that bitcoin is not scarce, it is infinitely available.

The only thing that changes is how much fiat value you apply to each digit.

you can not impose an hard fork to add more divisible unit, so it's actually scarce, if you means that it's not scarce because the value of a single coins can increase

then i can argue the same about gold

I am just stating if bitcoin achieved a huge value per whole coin then additional digits can easily be added through the changing of a few lines of code.

You cant create more gold with a magic wand.
searching gold is hard, even with super computer that has higher chance can be failed too
but bitcoin, it's hard to me for looking where bitcoin come from and the progress made by bitcoin
legendary
Activity: 2254
Merit: 1043
February 29, 2016, 12:21:35 PM
Bitcoin supply is unlimited because its infinitly divisible.

You could divide 1 bitcoin between everyone on the planet if you wanted too.

Yes. But that is still just one bitcoin. One bitcoin will be worth a lot if there is no way to make two bitcoin out of one bitcoin.

My point is that bitcoin is not scarce, it is infinitely available.

The only thing that changes is how much fiat value you apply to each digit.

you can not impose an hard fork to add more divisible unit, so it's actually scarce, if you means that it's not scarce because the value of a single coins can increase

then i can argue the same about gold

I am just stating if bitcoin achieved a huge value per whole coin then additional digits can easily be added through the changing of a few lines of code.

You cant create more gold with a magic wand.
hero member
Activity: 770
Merit: 500
Forza Roma
February 29, 2016, 12:12:28 PM
Many people like gold. Gold is very nice. You can hold it and save them home or something.
But many people also like Bitcoin. You can save Bitcoin in an online wallet and that is very good and safe as well.
legendary
Activity: 3248
Merit: 1070
February 29, 2016, 11:18:01 AM
Bitcoin supply is unlimited because its infinitly divisible.

You could divide 1 bitcoin between everyone on the planet if you wanted too.

Yes. But that is still just one bitcoin. One bitcoin will be worth a lot if there is no way to make two bitcoin out of one bitcoin.

My point is that bitcoin is not scarce, it is infinitely available.

The only thing that changes is how much fiat value you apply to each digit.

you can not impose an hard fork to add more divisible unit, so it's actually scarce, if you means that it's not scarce because the value of a single coins can increase

then i can argue the same about gold
sr. member
Activity: 350
Merit: 250
February 29, 2016, 11:05:12 AM
Bitcoin is much better if I'm honest due to the fact that the point is that you can gain a lot more profit than gold if you ask.
But only on a short term if you indeed talk about a long term you should choose for gold because its stable and will rise for sure in the future, although the bitcoin will do this also.
sr. member
Activity: 420
Merit: 250
February 29, 2016, 10:38:47 AM
I would choose for the gold because its much safer to invest in, the bitcoin can still collapse and the gold is very stable, I even think the gold will also rise.
So we just have to invest in the gold its not risky on a long term, if you want to invest in the bitcoin do it for a short term end this year, for the halving.
legendary
Activity: 3206
Merit: 1213
casinosblockchain.io
February 29, 2016, 10:23:00 AM
Bitcoin supply is unlimited because its infinitly divisible.

You could divide 1 bitcoin between everyone on the planet if you wanted too.
you could give one satoshi for many people. it's very easy, while the gold, it is very difficult for the division

What you have quoted is right but nothing can be got with that single satoshi. When you consider gold it has got milligrams which is much higher than a single satoshi. I feel divison won't make any sense in the value of gold or bitcoin.
sr. member
Activity: 350
Merit: 250
February 29, 2016, 10:17:44 AM
Bitcoin supply is unlimited because its infinitly divisible.

You could divide 1 bitcoin between everyone on the planet if you wanted too.
you could give one satoshi for many people. it's very easy, while the gold, it is very difficult for the division
legendary
Activity: 2254
Merit: 1043
February 29, 2016, 09:43:23 AM
Bitcoin supply is unlimited because its infinitly divisible.

You could divide 1 bitcoin between everyone on the planet if you wanted too.

Yes. But that is still just one bitcoin. One bitcoin will be worth a lot if there is no way to make two bitcoin out of one bitcoin.

My point is that bitcoin is not scarce, it is infinitely available.

The only thing that changes is how much fiat value you apply to each digit.
legendary
Activity: 2940
Merit: 1083
February 29, 2016, 09:22:22 AM
I would choose for the gold because gold is way more secure to invest if you ask me, the bitcoin is also good to invest but it not really long on the market and it can collapse,

Also if you think about the fact that gold is one of the primary currency's on the world so that is another reason why gold is much safer to invest on a long term.

I dont know if we are still on our old days on believing with this precious metals or it  will still be really the main currency and will be valuable in the future. Gold have been there since start but there are a lot know who owns it. There are still some that are mined but it is also coming at its end. Just like bitcoin I think. It will just circulate once all are mined.
hero member
Activity: 938
Merit: 500
February 29, 2016, 08:25:26 AM
Bitcoin supply is unlimited because its infinitly divisible.

You could divide 1 bitcoin between everyone on the planet if you wanted too.

Yes. But that is still just one bitcoin. One bitcoin will be worth a lot if there is no way to make two bitcoin out of one bitcoin.
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