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Topic: Bitcoin or gold? - page 486. (Read 984460 times)

legendary
Activity: 2254
Merit: 1043
January 24, 2016, 06:59:40 AM
Ever wonder why every physical depiction of bitcoin is shown as a gold coin (type bitcoin in to Google then hit "images" )

Because gold is the ultimate store of wealth and for some reason its hard wired into us.  
legendary
Activity: 966
Merit: 1000
January 24, 2016, 06:33:04 AM
Of course bitcoin...asking why? Look at the chartsand price.
That's why.
legendary
Activity: 3248
Merit: 1070
January 24, 2016, 06:28:52 AM
I choose gold, because gold is a long-term investment that can be trusted and stable throughout the ages,

if it is stable than why investing in it, isn't the purpose of an investment to get out most of your investment plus a big earning on top of it?, with stagnation this is not going to happen

you need to invest in unstable asset but that have potential, to take your profit in the end

Or suffer losses, lol

I see that you are confusing long-term with short-term (or just don't distinguish between them). Bitcoin long-term is not worth it, it is more of a gamble than a solid investment...

actually no, it has more chance to grow than falling, so it's not a gamble like a dice game if this what you mean, it's perfect for long term and short term day trading

gold instead is uselesses for short term and maybe okish for long term, byt he chart is telling the opposite, i see only stagnation there...
sr. member
Activity: 242
Merit: 250
January 24, 2016, 03:16:22 AM
Gold is just not a good investment now. Bitcoin is much better if you want profit.
full member
Activity: 122
Merit: 100
January 24, 2016, 03:15:51 AM
We can think for investment both .
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
January 24, 2016, 03:11:41 AM
I choose gold, because gold is a long-term investment that can be trusted and stable throughout the ages,

if it is stable than why investing in it, isn't the purpose of an investment to get out most of your investment plus a big earning on top of it?, with stagnation this is not going to happen

you need to invest in unstable asset but that have potential, to take your profit in the end

Or suffer losses, lol

I see that you are confusing long-term with short-term (or just don't distinguish between them). Bitcoin long-term is not worth it, it is more of a gamble than a solid investment...
legendary
Activity: 3248
Merit: 1070
January 24, 2016, 02:58:30 AM
I choose gold, because gold is a long-term investment that can be trusted and stable throughout the ages,

if it is stable than why investing in it, isn't the purpose of an investment to get out most of your investment plus a big earning on top of it?, with stagnation this is not going to happen

you need to invest in unstable asset but that have potential, to take your profit in the end
sr. member
Activity: 322
Merit: 250
January 24, 2016, 02:55:47 AM
I choose gold, because gold is a long-term investment that can be trusted and stable throughout the ages,
to trust gold was more reliable than the bitcoin is still nascent,
but the future I guess brighter bitcoin rather than gold
newbie
Activity: 3
Merit: 0
January 23, 2016, 09:04:37 PM
I choose gold, because gold is a long-term investment that can be trusted and stable throughout the ages,
sr. member
Activity: 406
Merit: 250
January 23, 2016, 08:32:08 PM
I've been a gold man all my life.
Offcourse I like bitcoin, but gold won't lose of bitcoin.

It's been more trusthworthy for centuries really.
hero member
Activity: 518
Merit: 500
January 23, 2016, 07:01:27 PM
Gold is most precious!
We can't denied that, it has its purpose in industry, jewelry..
And if you give bitcoin on streat to somebody bitcoin on streat, he will probably run to sold it for dollars..
https://en.wikipedia.org/wiki/Gold_standard
it proves that people are more trusting of gold rather than bitcoin. but if you give bitcoin to someone who is experienced in bitcoin and gold, of course he will hold and keep the bitcoin
hero member
Activity: 546
Merit: 500
January 23, 2016, 05:33:14 PM
Yes but those space mining will bring price of gold ..
I don't say nothing bad about bitcoin!
Bitcoin is so good but i'm not sure if it is better than gold !

I feel you. I like bitcoin mining too.
But mining gold seems to make more money.
The equipment to mine gold is very expensive though.
legendary
Activity: 2254
Merit: 1043
January 23, 2016, 03:33:25 PM
asteroid mining is a nice idea but just a pipe dream at the moment.

Be interesting to see how much an oz of space gold would cost Smiley

Quote
The recent study released by the Keck Institute for Space Studies on the feasibility of retrieving a 7m asteroid and bringing it to Lunar orbit estimated the cost at $2.6 billion. That does not include the cost of mining!
sr. member
Activity: 347
Merit: 250
Activity: 2017
January 23, 2016, 03:31:57 PM
Yes but those space mining will bring price of gold ..
I don't say nothing bad about bitcoin!
Bitcoin is so good but i'm not sure if it is better than gold !
legendary
Activity: 1218
Merit: 1007
January 23, 2016, 03:16:40 PM
But if you want to use btc you must have electricity mobile phone or pc, and asic miners, internet..
Gold was here and before and were not required machines to dig it..
and if they cant dig it any more price will skyrocket because we here have a great demand for gold!
l love BTC but Gold will have greater value one day.
An interesting thing about this idea is that gold will reach a point where it can no longer be extracted. Currently there are fairly massive amounts of gold that are not worth mining right now, and so those can always step into the market once the value of gold goes up, but there's a more "futuristic" form of mining that is likely going to become viable over the next few decades is asteroid mining, due to developments in SpaceX's accomplishments and a number of companies already working towards mining asteroids as a commercial venture. A number of the asteroids are expected (and some tested) to have gold in them, and considering the size of the asteroids, it can actually have the potential to bring the value of gold down.

However, for right now, gold is a pretty safe bet to invest in.
hero member
Activity: 714
Merit: 500
Me, myself and I
January 23, 2016, 03:09:42 PM
You can get cash from gold without the need of being online as oppose to bitcoin. And you can use gold to strike someone who just scammed you unlike bitcoin Smiley
how about your gold is get be stolen by other people because you not keep your gold in the safe place. it's same like you got scammed, am i wrong?
sr. member
Activity: 347
Merit: 250
Activity: 2017
January 23, 2016, 02:40:03 PM
But if you want to use btc you must have electricity mobile phone or pc, and asic miners, internet..
Gold was here and before and were not required machines to dig it..
and if they cant dig it any more price will skyrocket because we here have a great demand for gold!
l love BTC but Gold will have greater value one day.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
January 23, 2016, 02:27:06 PM
BTC is still project and depend on electricity!
Whatever happened to world** war** or something gold will stay standar of trading..

This is an developing technology through which billions of dollars are getting circulated. When you consider gold it is a commodity and based on quality price differs. In bitcoin it is common to earn profit in short term as well as its purely based on technology which can provide big profit compared to gold. So bitcoin is given priority
legendary
Activity: 3248
Merit: 1070
January 23, 2016, 02:26:11 PM
BTC is still project and depend on electricity!
Whatever happened to world** war** or something gold will stay standar of trading..

gold also depend on machine that extract it, so what's your point, everything in this world depend on somethign, this argument not make any sense
sr. member
Activity: 347
Merit: 250
Activity: 2017
January 23, 2016, 02:05:05 PM
https://www.youtube.com/watch?v=a7GJb0kufQI
Ok l don't say it won't be one day best thing to have it..But right now that is gold.
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