Bitcoin is far superior as a currency in every single aspect and for these exact reasons, though gold has intrinsic value as a precious metal and could - depending how well or bad bitcoin does - hold its value longer. I would still prefer to take the chance with bitcoin though as I think bitcoin will become worth more than gold again in the near future.
Topic: Bitcoin or gold? - page 524. (Read 984547 times)
Bitcoin is far superior as a currency in every single aspect and for these exact reasons, though gold has intrinsic value as a precious metal and could - depending how well or bad bitcoin does - hold its value longer. I would still prefer to take the chance with bitcoin though as I think bitcoin will become worth more than gold again in the near future.
Now we got crypocurrency, e-banking, e-money, and such. While fiat money is also in the verge of collapse, i think gold will fall faster eventually.
There might be a case to be made that the more abstract finance becomes, the more important it is that there's something with value that stands completely outside it.
As long as central banks and governments exist there'll be some sort of place for gold even if the public has zero desire. The next few decades will be a pretty surreal ride whatever happens.
Yes but ethereal money has also benefits, that are very attractive let's see:
-Civil forfeiture immune
-Semi-anonymous (your medical purchases, and kinky sex toy purchases are anonymous)
-Ultra fast transfer speed
-Ultra low transfer cost
-Bail-out & Bail-in immune
-Secure
-3rd party risk eliminated (unless you are stupid enough to keep all your btc in an online wallet)
-Opens up now Earning Money Opportunities
-New jobs, and new business opportunities
-Immaterial & easy to carry & no security/storage cost
-CAPITAL & BORDER CONTROL IMMUNE
-CENTRAL BANK MONEY PRINTING SCAM IMMUNE
-NO RACIAL,SEXUAL,RELIGIOUS, OR OTHER DISCRIMINATION HERE
ETC.
Now you see gold is very primitive VS these aspects.
Bitcoin is far superior as a currency in every single aspect and for these exact reasons, though gold has intrinsic value as a precious metal and could - depending how well or bad bitcoin does - hold its value longer. I would still prefer to take the chance with bitcoin though as I think bitcoin will become worth more than gold again in the near future.
Till few weeks ago I was thinking Bitcoin is the best way to keep your savings.I would say now Gold is Gold and always will remain same but some part of the savings should be converted in Bitcoins too.It is always advised to not keep all the eggs in one bucket.
To me they're two completely different things and it depends on whether you like to take risks or prefer a steady investment. As for an investment I don't think gold is that great but it will hold it's value well, whereas I think there is huge potential in bitcoin if you have the balls and patience as it wont happen over night, but bitcoin is far riskier but the rewards are potentially there.
It's not crap, yet, although its on the path of extinction.
I bet nobody saw the charriot go out of trend in 1910, yet look in 2010 almost nobody uses it anymore.
Things change, and one day bitcoin will die too, but i hope it will live atleast 1000 years
It's crap to me, but what I think doesn't count.
It has thousands of years of pedigree but the world is moving so fast now that it might fall out of favour faster than we think, or perhaps the rush to everything virtual will make the tangible that much more attractive.
Whatever happens I won't be owning gold for any reason other than it looking pretty.
Within the last 1000 years gold fell out of favor only twice (strictly speaking only once actually). That were dramatic changes in the human history. Whether or not what happens with our lives today accounts for such yet remains to be seen...
Thats bad logic, its like saying the dinosaurs have only become extinct once.
Maybe my logic is bad, but your analogy is meaningless at best. Dinosaurs didn't rise from the dead. Strictly speaking, they didn't even become extinct. Birds are dinosaurs from the theropod group of such...
In fact, I didn't even get what you meant to say
I would keep some in both. There is good to be had from diversifying one's assets.
how much would you keep? i was thinking about 66% and 33% for bitcoin, but i'm not so sure, someone is talking about a good instability of gold which is coming soon and can probably tank it to sub 1000
bitcoin instead seems fairly stable, despite some swings here and there, which i think are normal in this market, one cannot have perfect stability with a stuck price all the time
also i was thinking about investing in silver maybe, how the scene is there? and why everyone is talking only about gold as a good alternative, there is nothing else that is worth it to invest?
Now we got crypocurrency, e-banking, e-money, and such. While fiat money is also in the verge of collapse, i think gold will fall faster eventually.
There might be a case to be made that the more abstract finance becomes, the more important it is that there's something with value that stands completely outside it.
As long as central banks and governments exist there'll be some sort of place for gold even if the public has zero desire. The next few decades will be a pretty surreal ride whatever happens.
Yes but ethereal money has also benefits, that are very attractive let's see:
-Civil forfeiture immune
-Semi-anonymous (your medical purchases, and kinky sex toy purchases are anonymous)
-Ultra fast transfer speed
-Ultra low transfer cost
-Bail-out & Bail-in immune
-Secure
-3rd party risk eliminated (unless you are stupid enough to keep all your btc in an online wallet)
-Opens up now Earning Money Opportunities
-New jobs, and new business opportunities
-Immaterial & easy to carry & no security/storage cost
-CAPITAL & BORDER CONTROL IMMUNE
-CENTRAL BANK MONEY PRINTING SCAM IMMUNE
-NO RACIAL,SEXUAL,RELIGIOUS, OR OTHER DISCRIMINATION HERE
ETC.
Now you see gold is very primitive VS these aspects.
Now we got crypocurrency, e-banking, e-money, and such. While fiat money is also in the verge of collapse, i think gold will fall faster eventually.
There might be a case to be made that the more abstract finance becomes, the more important it is that there's something with value that stands completely outside it.
As long as central banks and governments exist there'll be some sort of place for gold even if the public has zero desire. The next few decades will be a pretty surreal ride whatever happens.
It's not crap, yet, although its on the path of extinction.
I bet nobody saw the charriot go out of trend in 1910, yet look in 2010 almost nobody uses it anymore.
Things change, and one day bitcoin will die too, but i hope it will live atleast 1000 years
It's crap to me, but what I think doesn't count.
It has thousands of years of pedigree but the world is moving so fast now that it might fall out of favour faster than we think, or perhaps the rush to everything virtual will make the tangible that much more attractive.
Whatever happens I won't be owning gold for any reason other than it looking pretty.
Within the last 1000 years gold fell out of favor only twice (strictly speaking only once actually). That were dramatic changes in the human history. Whether or not what happens with our lives today accounts for such yet remains to be seen...
Thats bad logic, its like saying the dinosaurs have only become extinct once.
There has never existed a time in history which was so different than the past. Before the 20th century, everything was almost the same.
More or less: wars, peasants, castles, people talking stories to eachother, average life for everyone even the royalty.
Now: we got cars, internet, radio,tv, and every wonder that you can imagine.
Seriously the 21 century is radically different from the past 1 million years of human history , and this technology has already made like 90% of previous human activities obsolete.
Gold only had a purpuse in a merchant economy, with not high tech alternatives, like the ancient and middle ages and renessaince.
Now we got crypocurrency, e-banking, e-money, and such. While fiat money is also in the verge of collapse, i think gold will fall faster eventually.
Within the last 1000 years gold fell out of favor only twice.
What were the circumstances?
The first time it was the devastating epidemic of Black Death in Europe in the 14th century when half the population died out, and gold lost its shine for real. The second time it was Inca gold that flooded Europe in the 16th century, which heavily affected gold prices back then...
The true punisher was the Black Death indeed
It's crap to me, but what I think doesn't count.
It has thousands of years of pedigree but the world is moving so fast now that it might fall out of favour faster than we think, or perhaps the rush to everything virtual will make the tangible that much more attractive.
Whatever happens I won't be owning gold for any reason other than it looking pretty.
will really lose pace compared to bitcoin has at the moment
Within the last 1000 years gold fell out of favor only twice.
What were the circumstances?
It's not crap, yet, although its on the path of extinction.
I bet nobody saw the charriot go out of trend in 1910, yet look in 2010 almost nobody uses it anymore.
Things change, and one day bitcoin will die too, but i hope it will live atleast 1000 years
It's crap to me, but what I think doesn't count.
It has thousands of years of pedigree but the world is moving so fast now that it might fall out of favour faster than we think, or perhaps the rush to everything virtual will make the tangible that much more attractive.
Whatever happens I won't be owning gold for any reason other than it looking pretty.
Within the last 1000 years gold fell out of favor only twice (strictly speaking only once actually). That were dramatic changes in the human history. Whether or not what happens with our lives today accounts for such yet remains to be seen...
Both
It's not crap, yet, although its on the path of extinction.
I bet nobody saw the charriot go out of trend in 1910, yet look in 2010 almost nobody uses it anymore.
Things change, and one day bitcoin will die too, but i hope it will live atleast 1000 years
It's crap to me, but what I think doesn't count.
It has thousands of years of pedigree but the world is moving so fast now that it might fall out of favour faster than we think, or perhaps the rush to everything virtual will make the tangible that much more attractive.
Whatever happens I won't be owning gold for any reason other than it looking pretty.
Gold is just a piece of metal, mostly like any other metal, but scarcer.
The scarcity and the shinyness gives it's value, which is lame.
Bitcoin has real high-tech network behind it, and a cutting edge technology for 21 century financing.
Gold is just a bronze age primitive metal.
The scarcity and the shinyness gives it's value, which is lame.
Bitcoin has real high-tech network behind it, and a cutting edge technology for 21 century financing.
Gold is just a bronze age primitive metal.
It has the faith of an awful lot of people. That's all that counts. If everyone believed used sanitary towels had magical qualities they'd be hoarding them instead.
I think gold is crap. Enough people disagree to make my opinion irrelevant.
It's not crap, yet, although its on the path of extinction.
I bet nobody saw the charriot go out of trend in 1910, yet look in 2010 almost nobody uses it anymore.
Things change, and one day bitcoin will die too, but i hope it will live atleast 1000 years
Gold is just a piece of metal, mostly like any other metal, but scarcer.
The scarcity and the shinyness gives it's value, which is lame.
Bitcoin has real high-tech network behind it, and a cutting edge technology for 21 century financing.
Gold is just a bronze age primitive metal.
The scarcity and the shinyness gives it's value, which is lame.
Bitcoin has real high-tech network behind it, and a cutting edge technology for 21 century financing.
Gold is just a bronze age primitive metal.
It has the faith of an awful lot of people. That's all that counts. If everyone believed used sanitary towels had magical qualities they'd be hoarding them instead.
I think gold is crap. Enough people disagree to make my opinion irrelevant.
Gold is just a piece of metal, mostly like any other metal, but scarcer.
The scarcity and the shinyness gives it's value, which is lame.
Bitcoin has real high-tech network behind it, and a cutting edge technology for 21 century financing.
Gold is just a bronze age primitive metal.
The scarcity and the shinyness gives it's value, which is lame.
Bitcoin has real high-tech network behind it, and a cutting edge technology for 21 century financing.
Gold is just a bronze age primitive metal.
That is very poor counterargument, even from you, i was illustrating that every value is relative.
You said that bitcoin is prone to huge bubbles because of dollar manipulation, but you fail to realize that gold is exactly the same.
You said that bitcoin is prone to huge bubbles because of dollar manipulation, but you fail to realize that gold is exactly the same.
WTF, where did I say that? Are you sure that you are not confusing me with someone else? I never meant to say (neither did I actually say anything of the kind) that bitcoin is prone to bubbles because of dollar manipulation. I can't even grasp what you're trying to convey by this (that is, bitcoin dollar manipulation, or dollar manipulation of bitcoin, you name it)...
My post was about Bitcoin, not gold, but nevertheless, I guess you are extremely wrong (whatever you may mean)
"the demand is falling (long term, with minor short term hoarding by "preppers")"
Well thats a load of crap
Im sure "preppers" probably account for such a small % of gold sales its insignificant.
China, Russia and India are buying gold as quickly as they can accumulate it
Well thats a load of crap
Im sure "preppers" probably account for such a small % of gold sales its insignificant.
China, Russia and India are buying gold as quickly as they can accumulate it
Ok but even if gold gets to 6000$ which many people forecast ,its not a good ROI, while bitcoin reaching 6000$ would be a much higher ROI %, and its more probable due to smaller market cap.
Gold will obviously don't reach 100,000$ or higher, because it already has a huge market cap, if if it does, then you bet the USD is under hyperinflation, at which 1 BTC will be likely to be 1 trillion $.
definitelly both, i don't prefer keeping my all money in one place... you never know what happens in future, bank bankruptcy, natural disasters, war or damned hacker
Yup i agreed politely
I didn't want to put all my eggs in one basket, Don't invest all of my money in one thing
Don't concentrate all your prospects or resources in one thing, or you could lose everything.
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