Bitcoin or gold? - page 464. | Bitcointalksearch.org

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Quote from: btc-facebook on February 29, 2016, 11:58:12 AM

Still trusting into gold because as we can see that gold market quite stable if we compare into bitcoin market by chart

Quote from: markj113 on February 29, 2016, 11:39:59 AM

-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.

btc-facebook

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Still trusting into gold because as we can see that gold market quite stable if we compare into bitcoin market by chart

Quote from: markj113 on February 29, 2016, 11:39:59 AM

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

Mr.grin

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Quote from: Zaun on February 29, 2016, 11:12:28 AM

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

markj113

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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/

Barnabe

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Quote from: Amph on February 29, 2016, 11:26:47 AM

Quote from: markj113 on February 29, 2016, 11:21:35 AM

Quote from: Amph on February 29, 2016, 10:18:01 AM

Quote from: markj113 on February 29, 2016, 08:43:23 AM

Quote from: mastica on February 29, 2016, 07:25:26 AM

Quote from: markj113 on February 28, 2016, 03:43:54 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 !

Amph

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Quote from: markj113 on February 29, 2016, 11:21:35 AM

Quote from: Amph on February 29, 2016, 10:18:01 AM

Quote from: markj113 on February 29, 2016, 08:43:23 AM

Quote from: mastica on February 29, 2016, 07:25:26 AM

Quote from: markj113 on February 28, 2016, 03:43:54 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

dragonusa9

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Quote from: markj113 on February 29, 2016, 11:21:35 AM

Quote from: Amph on February 29, 2016, 10:18:01 AM

Quote from: markj113 on February 29, 2016, 08:43:23 AM

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

markj113

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Quote from: Amph on February 29, 2016, 10:18:01 AM

Quote from: markj113 on February 29, 2016, 08:43:23 AM

Quote from: mastica on February 29, 2016, 07:25:26 AM

Quote from: markj113 on February 28, 2016, 03:43:54 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.

Zaun

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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.

Amph

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Quote from: markj113 on February 29, 2016, 08:43:23 AM

Quote from: mastica on February 29, 2016, 07:25:26 AM

Quote from: markj113 on February 28, 2016, 03:43:54 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

LarryHocks

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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.

praprata

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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.

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Quote from: Alvin Fahriza on February 29, 2016, 09:17:44 AM

Quote from: markj113 on February 28, 2016, 03:43:54 PM

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.

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Quote from: markj113 on February 28, 2016, 03:43:54 PM

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

markj113

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Quote from: mastica on February 29, 2016, 07:25:26 AM

Quote from: markj113 on February 28, 2016, 03:43:54 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.

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Quote from: MaxTax on February 28, 2016, 03:44:35 PM

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.

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Quote from: markj113 on February 28, 2016, 03:43:54 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.

MaxTax

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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.

markj113

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Bitcoin supply is unlimited because its infinitly divisible.

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

Barnabe

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Quote from: dragonusa9 on February 28, 2016, 01:36:22 PM

Quote from: sirohige on February 28, 2016, 11:50:39 AM

Quote from: Mr.grin on February 27, 2016, 10:39:40 AM

Quote from: JosNekoKopa on February 27, 2016, 10:23:12 AM

Quote from: bryant.coleman on February 27, 2016, 09:03:05 AM

Gold is an asset which must be held for at least 10 or 20 years.

Yes but this is something for your kids..
You can buy them investment gold on day they are born, better than saving money for their school.
This is right approach.
If you want investment with great return, chose BTC.

Essentially, you can use gold to invest in a long time, because gold is always valuable, but if you want to try to do business, then bitcoin is better than gold, because it is so much choice in doubling the bitcoin. I prefer bitcoin than gold today

sure gold always valuable..? can you explain about supply of gold ?
we must invest at bitcoin where bitcoin have block halving system to control bitcoin supply

yeah, you only can get gold from mining underground.
and the gold supply isn't unlimited like bitcoin, so that's why the gold will be a good choice to invest long time

Bitcoin is not unlimited either, after approximately year 2040 almost all bitcoins (>99%) will be found.

I would even say that it will be a lot easier to find gold in 2040 than bitcoins Cheesy

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