Topic: Bitcoin or gold? - page 516. (Read 984460 times)
I would say Gold 100%, althought if Bitcoin price were to drop a lot, then I think Bitcoin would have the higher potential for earning some coins. Although both are hard to actually get some decent amount right now due to the cost.
Gold is boring, no one is going to be rich during our lifetimes by holding Gold that's for sure. Now with Bitcoin, we have way bigger chances at becoming millionaires than we have by holding Gold. Similarly, there are bigger chances of seeing 1 BTC go to 1MM than it going to 0.
Strangely my view is the complete opposite.
Only time will tell as no one has a crystal ball
Really? Gold has already trillions in market cap.
If gold were to go up to 1 million $/ ounce then maybe, but that would imply quntillions of market cap...
Bitcoin has far better chance to get to 1 million $ than gold ounce.
why not try 50 - 50 for each
Fifty fifty is never been good idea now Gold is also collapsing so taking this opportunity is not a bad idea I will go with Gold 65% and 35% with bitcoin 50-50 is not a good idea, because if you get some profit in the other then it is less.
If you loose then the lost is small and that is good, but our concern is to win so i would go mostly 70% in bitcoin and the rest in gold.
Since then gold has already stopped collapsing, lol. Not that its price is soaring right now, but it seems to have found its bottom at least. With Bitcoin, on the hand, you mostly don't know what to expect next, whether it will grow a few times or spiral down to two digits...
why not try 50 - 50 for each
Fifty fifty is never been good idea now Gold is also collapsing so taking this opportunity is not a bad idea I will go with Gold 65% and 35% with bitcoin 50-50 is not a good idea, because if you get some profit in the other then it is less.
If you loose then the lost is small and that is good, but our concern is to win so i would go mostly 70% in bitcoin and the rest in gold.
Gold will be always a best investment option for the long term point of view. Short term prices may be volatile and it is same for any kind of investments but over the time gold will surely give you best returns even compared with stock markets so I always choose gold as one of the long term investments.
I dont think any of us lives 300 years. Gold might be the best performing asset in a 300 year period, too bad humans cant enjoy it.
If we want to get rich within our lifetimes, then better look for 5-10 year investments, which currenly, i`d say that the cryptocurrencies are a good option.
We are not big investment funds that can afford 60-70 year old investments. We need faster money!
Gold is boring, no one is going to be rich during our lifetimes by holding Gold that's for sure. Now with Bitcoin, we have way bigger chances at becoming millionaires than we have by holding Gold. Similarly, there are bigger chances of seeing 1 BTC go to 1MM than it going to 0.
That is why only the top 10% holds gold and use below must use other forms of investments to get rich quick.
Gold wont do it, unless you already tens of millions of $ to invest.
Gold is boring, no one is going to be rich during our lifetimes by holding Gold that's for sure. Now with Bitcoin, we have way bigger chances at becoming millionaires than we have by holding Gold. Similarly, there are bigger chances of seeing 1 BTC go to 1MM than it going to 0.
Strangely my view is the complete opposite.
Only time will tell as no one has a crystal ball
Gold will be always a best investment option for the long term point of view. Short term prices may be volatile and it is same for any kind of investments but over the time gold will surely give you best returns even compared with stock markets so I always choose gold as one of the long term investments.
I dont think any of us lives 300 years. Gold might be the best performing asset in a 300 year period, too bad humans cant enjoy it.
If we want to get rich within our lifetimes, then better look for 5-10 year investments, which currenly, i`d say that the cryptocurrencies are a good option.
We are not big investment funds that can afford 60-70 year old investments. We need faster money!
Gold is boring, no one is going to be rich during our lifetimes by holding Gold that's for sure. Now with Bitcoin, we have way bigger chances at becoming millionaires than we have by holding Gold. Similarly, there are bigger chances of seeing 1 BTC go to 1MM than it going to 0.
Gold will be always a best investment option for the long term point of view. Short term prices may be volatile and it is same for any kind of investments but over the time gold will surely give you best returns even compared with stock markets so I always choose gold as one of the long term investments.
I dont think any of us lives 300 years. Gold might be the best performing asset in a 300 year period, too bad humans cant enjoy it.
If we want to get rich within our lifetimes, then better look for 5-10 year investments, which currenly, i`d say that the cryptocurrencies are a good option.
We are not big investment funds that can afford 60-70 year old investments. We need faster money!
What are you talking lol. 300 years are you kidding? Look at last 30 years history, gold has given best returns if you compare stock markets.
Gold will be always a best investment option for the long term point of view. Short term prices may be volatile and it is same for any kind of investments but over the time gold will surely give you best returns even compared with stock markets so I always choose gold as one of the long term investments.
I dont think any of us lives 300 years. Gold might be the best performing asset in a 300 year period, too bad humans cant enjoy it.
If we want to get rich within our lifetimes, then better look for 5-10 year investments, which currenly, i`d say that the cryptocurrencies are a good option.
We are not big investment funds that can afford 60-70 year old investments. We need faster money!
If you think to enjoy the profit for your self then it does worth to invest in short-terms(within 10 years max).
I think that it does not worth 60-70 years to wait for the profit lol.
But gold is old and it has a reputation to invest there, in bitcoin it is still new but a very good opportunity.
Gold will be always a best investment option for the long term point of view. Short term prices may be volatile and it is same for any kind of investments but over the time gold will surely give you best returns even compared with stock markets so I always choose gold as one of the long term investments.
I dont think any of us lives 300 years. Gold might be the best performing asset in a 300 year period, too bad humans cant enjoy it.
If we want to get rich within our lifetimes, then better look for 5-10 year investments, which currenly, i`d say that the cryptocurrencies are a good option.
We are not big investment funds that can afford 60-70 year old investments. We need faster money!
I think if we look at the longterm gold price, its pretty obvious:
[img ]https://upload.wikimedia.org/wikipedia/commons/e/e3/Gold_price_in_USD.png[/img]
I mean the peak of 2010 was just like of 1980, it went up, then it retraces back, maybe even to 800$.
See the gold price doesn't necessarly have an uptrend, even if the USD is printed like crazy. The stock market has.
I`m afraid, in my view, the gold price will probably crash soon.
[img ]https://upload.wikimedia.org/wikipedia/commons/e/e3/Gold_price_in_USD.png[/img]
I mean the peak of 2010 was just like of 1980, it went up, then it retraces back, maybe even to 800$.
See the gold price doesn't necessarly have an uptrend, even if the USD is printed like crazy. The stock market has.
I`m afraid, in my view, the gold price will probably crash soon.
I think that the gold price will be stable and be increased and decreased slightly by the time.
It can crash because nowadays there are more and more opportunity to invest in other project other currencies like bitcoin etc.
Gold will be always a best investment option for the long term point of view. Short term prices may be volatile and it is same for any kind of investments but over the time gold will surely give you best returns even compared with stock markets so I always choose gold as one of the long term investments.
I think if we look at the longterm gold price, its pretty obvious:
[img ]https://upload.wikimedia.org/wikipedia/commons/e/e3/Gold_price_in_USD.png[/img]
I mean the peak of 2010 was just like of 1980, it went up, then it retraces back, maybe even to 800$.
See the gold price doesn't necessarly have an uptrend, even if the USD is printed like crazy. The stock market has.
I`m afraid, in my view, the gold price will probably crash soon.
[img ]https://upload.wikimedia.org/wikipedia/commons/e/e3/Gold_price_in_USD.png[/img]
I mean the peak of 2010 was just like of 1980, it went up, then it retraces back, maybe even to 800$.
See the gold price doesn't necessarly have an uptrend, even if the USD is printed like crazy. The stock market has.
I`m afraid, in my view, the gold price will probably crash soon.
I think that the gold price will be stable and be increased and decreased slightly by the time.
It can crash because nowadays there are more and more opportunity to invest in other project other currencies like bitcoin etc.
I think if we look at the longterm gold price, its pretty obvious:
I mean the peak of 2010 was just like of 1980, it went up, then it retraces back, maybe even to 800$.
See the gold price doesn't necessarly have an uptrend, even if the USD is printed like crazy. The stock market has.
I`m afraid, in my view, the gold price will probably crash soon.
I mean the peak of 2010 was just like of 1980, it went up, then it retraces back, maybe even to 800$.
See the gold price doesn't necessarly have an uptrend, even if the USD is printed like crazy. The stock market has.
I`m afraid, in my view, the gold price will probably crash soon.
I'm sure Bitcoin can growing faster in the future than Gold..
If wages, energy cost etc go up in proportion to gold price, then yes, it won't make a difference. I'm definitely talking about gold going up faster than energy + wages.
I didn't see this distinction in your post (and thought it should be made), but never mind
If wages, energy cost etc go up in proportion to gold price, then yes, it won't make a difference. I'm definitely talking about gold going up faster than energy + wages.
There's a tremendous amount of extractable gold, waiting to be mined. It just needs the proper price levels to become economical to do so.
Right now, the amount of extractable gold is around 70,000 tonnes. There is a lot more around, especially in the ocean. But mining these deposits will be tremendously expensive, and will cost as much as $100,000 per oz. Looking at the current price ($1150 per oz), I don't think that these deposits will ever be classified as "extractable".
If the price goes to 2k-3k-4k per ounce, suddenly a lot of deposits which are now non-economically viable to mine, become viable. The number goes up as the price of gold goes up. There's no gold shortage per se, even your back yard has soil with gold in it. The problem is how to economically take the gold from that soil and make it worth the effort. Right now, miners are discarding soil that has good gold in it because the price of moving and processing the dirt is high enough that it's not worth it for them. This changes as gold prices go up.
You certainly overlook that it is not enough that gold prices should just increase, to make processing dirt worth of effort. If the prices increase and the costs increase too, that won't make a big difference. In other words, the price increase may be due to currency devaluation (which doesn't change a thing since costs denominated in that currency will increase as well), and it may be due to the increase in demand, which is a different story...
The price increase due to the increase in demand on account of the currency debasement (gold as safe haven) is yet another one
There's a tremendous amount of extractable gold, waiting to be mined. It just needs the proper price levels to become economical to do so.
Right now, the amount of extractable gold is around 70,000 tonnes. There is a lot more around, especially in the ocean. But mining these deposits will be tremendously expensive, and will cost as much as $100,000 per oz. Looking at the current price ($1150 per oz), I don't think that these deposits will ever be classified as "extractable".
If the price goes to 2k-3k-4k per ounce, suddenly a lot of deposits which are now non-economically viable to mine, become viable. The number goes up as the price of gold goes up. There's no gold shortage per se, even your back yard has soil with gold in it. The problem is how to economically take the gold from that soil and make it worth the effort. Right now, miners are discarding soil that has good gold in it because the price of moving and processing the dirt is high enough that it's not worth it for them. This changes as gold prices go up.
If you encrypt your wallet with a strong enough password, you can be pretty damn sure your money won't be stolen. This is obviously not the case with the gold that you have buried in the backyard of your home...
My friend had $5,000 worth of Bitcoins in a Blockchain.info online wallet, which was backed up by two very strong passwords (One for login, and the other for transaction). Email confirmation was also enabled. But somehow, the thieves managed to steal all the coins two months ago. Till now, we don't know how the passwords were cracked, but incidents such as this one scares a lot of potential Bitcoin users.
Probably he had a keylogger on his PC that logged the private key when he signed his PC. Its not enough to have many security features if your PC is full of virus.
1 virus can easily log the RAM and when you sign a transaction and send online it can reveal the private key.
Yea but the OS cant be trusted too, because it downloads updates frequently (even if update is disabled), and its enough for 1 hacker to hijack that download channel and send some malware in a targeted PC.
Probably better if he uses linux next time.
If you encrypt your wallet with a strong enough password, you can be pretty damn sure your money won't be stolen. This is obviously not the case with the gold that you have buried in the backyard of your home...
My friend had $5,000 worth of Bitcoins in a Blockchain.info online wallet, which was backed up by two very strong passwords (One for login, and the other for transaction). Email confirmation was also enabled. But somehow, the thieves managed to steal all the coins two months ago. Till now, we don't know how the passwords were cracked, but incidents such as this one scares a lot of potential Bitcoin users.
Probably he had a keylogger on his PC that logged the private key when he signed his PC. Its not enough to have many security features if your PC is full of virus.
1 virus can easily log the RAM and when you sign a transaction and send online it can reveal the private key.
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