Bitcoin or gold? - page 527. | Bitcointalksearch.org

HarHarHar9965

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Quote from: HarHarHar9965 on August 07, 2015, 02:00:22 AM

With mass adoption of bitcoin, other cryptocurrencies which compliment bitcoin like litecoin would also see a significant increase in their adoption rate, because they use similar tech but less features and trend. There is absolutely no gaurantee that bitcoin may survive or nah, either it could be worth a lot or nothing, you just don't know. Those are the words of Satoshi itself, the founder of bitcoin

Oh I didn't know he said that , so this means there's actually a chance of dis-appearance of bitcoin if everything goes south (hopefully not)

Although I would like to believe that it is highly unlikely to happen, there are many things which could go wrong. There might be many scenarios which might differ from one another like for example, if all the major countries ban bitcoin.. This event is highly unlikely to happen but in a situation in which it does, bitcoin dies. Also, if people start losing interest because price starts going down due to negative publicity and slowly all people stop supporting bitcoin, bitcoin dies. This scenario too seems highly unlikely to happen but if something like this happens, bitcoin can be presumed worthless/dead.

HarHarHar9965

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Quote from: mearylll on August 06, 2015, 12:17:57 PM

No dear, What you are saying is not absolutely correct. How can you be very sure that bitcoin will keep on growing in future? Future is unpredictable, and there might come a day when bitcoin simply gets disappeared, whereas Gold cannot be disappeared, as Gold is more older then bitcoins.

I just hope for the best , ever since bitcoin was introduce to the digital world , is more than 5 years already , that's why i'm basing my guess on it since it survived more than 5 years already , it have a good chance to survive more , yes what you point is right in terms of Gold which is not going to disappear anytime soon

With mass adoption of bitcoin, other cryptocurrencies which compliment bitcoin like litecoin would also see a significant increase in their adoption rate, because they use similar tech but less features and trend. There is absolutely no gaurantee that bitcoin may survive or nah, either it could be worth a lot or nothing, you just don't know. Those are the words of Satoshi itself, the founder of bitcoin

Andy4.4

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When it comes in choosing between Bitcoin and gold, I prefer gold and bitcoin both.
It's very hard to determine which one to choose.
Gold being a safe investment and bitcoin having more potential to grow.

mearylll

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Quote from: SFR10 on August 06, 2015, 09:25:41 AM

Quote from: wearepoor on August 06, 2015, 09:15:28 AM

But we are not sure whether bitcoins will survive so long as gold has, and that is the reason people are not that comfortable in investing in bitcoins, as it doesn't provides guarantee that it would survive for next 20 years or so as there would be many other currencies entering into the market in the future.

You may have a point but there are already many other new currencies in this digital world and none have come close to what bitcoin has achieved in terms of over all and it would need something extraordinary to take place of bitcoin which I believe it won't happen in future as bitcoin keeps on growing even more

No dear, What you are saying is not absolutely correct. How can you be very sure that bitcoin will keep on growing in future? Future is unpredictable, and there might come a day when bitcoin simply gets disappeared, whereas Gold cannot be disappeared, as Gold is more older then bitcoins.

BTCevo

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Quote from: dollarneed on August 03, 2015, 10:55:03 AM

Quote from: IDKwhatimdoing on August 02, 2015, 11:32:39 PM

if you have to choose between 1000 kg of gold and 1000 BTC? Huh

??

I am going to choose 1000 kg of gold

1 gram equals $ 37.07
it thats mean 1 kg = 1000 gram so equals $ 37,000
therefore 1000 kg = $ 37,000,000

And
1 bitcoin = $ 284
1000 Bitcoin = $284,000

$284,000 and $37,000,000 its so different

so iam going to choose 1000 kg of gold
because iam a big fans of bitcoin with my $284,000 from 1000 kg of gold i would buy 1000 BTC
so i got my 1000 kg of gold and 1000 BTC
Cheesy

You are doing good in math Grin

. But from what I saw that the usage of bitcoin is much better and much efficient compared to gold. Why? Because most of people know bitcoin, I didnt say that gold is unknown but the purpose of bitcoin and gold is different, gold is purely as investment, you can't do nothing with it except you sell all of your gold to get your fiat, but with bitcoin you can do a lot of things like invest, gambling, trading and you can also buy things with bitcoin too so it is much easy to use. So bitcoin is much better in every aspect compare to gold

HarHarHar9965

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Quote from: 1986 on August 06, 2015, 09:27:50 AM

Quote from: bitcollins85 on August 04, 2015, 02:20:05 PM

Supply - demand
That is all you need to know. If the supply is less and demand remains the same, then the price increases. The value of a bitcoin is irrelevant just as the price of an ounce of gold does not matter. That's why people buy gold in amounts smaller than 1 oz. now that prices are high.
If demand continues to go up there may come a day when people say; "You own a whole bitcoin!!!"

How is the value of bitcoin or gold irrelevant? Of course the price matters. People wouldn't invest in something if they knew it was going to lose them money. Gold is more of a safer bet and will hold its value well but as an investment it's not that great, and that's where bitcoin can excell.

The value of bitcoin is very relevant, its price, I don't think so. if all the people stop thinking for a minute that someday they will exchange their btc for a thousand dollars and look at much more bigger picture, living in a world where we only use btc. We wouldn't need to convert the btc we own today, but rather spend it with complete freedom, happily. And being 10 times richer than we are, yes that's the future I dream.

1986

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Quote from: bitcollins85 on August 04, 2015, 02:20:05 PM

Supply - demand
That is all you need to know. If the supply is less and demand remains the same, then the price increases. The value of a bitcoin is irrelevant just as the price of an ounce of gold does not matter. That's why people buy gold in amounts smaller than 1 oz. now that prices are high.
If demand continues to go up there may come a day when people say; "You own a whole bitcoin!!!"

How is the value of bitcoin or gold irrelevant? Of course the price matters. People wouldn't invest in something if they knew it was going to lose them money. Gold is more of a safer bet and will hold its value well but as an investment it's not that great, and that's where bitcoin can excell.

SFR10

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Quote from: wearepoor on August 06, 2015, 09:15:28 AM

But we are not sure whether bitcoins will survive so long as gold has, and that is the reason people are not that comfortable in investing in bitcoins, as it doesn't provides guarantee that it would survive for next 20 years or so as there would be many other currencies entering into the market in the future.

You may have a point but there are already many other new currencies in this digital world and none have come close to what bitcoin has achieved in terms of over all and it would need something extraordinary to take place of bitcoin which I believe it won't happen in future as bitcoin keeps on growing even more

wearepoor

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Quote from: tommorisonwebdesign on August 04, 2015, 02:37:30 PM

If I were to pick between gold and Bitcoin in terms of preserving and investing my assets, I would say Bitcoin. It has the potential to fluctuate above $1000 within a matter of years and in my opinion it's the way of the future. Gold goes up and down, but there is strong potential behind Bitcoin.

But we are not sure whether bitcoins will survive so long as gold has, and that is the reason people are not that comfortable in investing in bitcoins, as it doesn't provides guarantee that it would survive for next 20 years or so as there would be many other currencies entering into the market in the future.

Falconer

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Quote from: greBit on August 03, 2015, 12:10:54 PM

Quote from: cjrosero on August 03, 2015, 11:25:55 AM

Quote from: IDKwhatimdoing on August 02, 2015, 11:32:39 PM

if you have to choose between 1000 kg of gold and 1000 BTC? Huh

??

if i have to choose one i will choose 1000 gold and sell it to buy btc ahaha

But why so whimsical? If you are going to buy btc in the end, why not directly buy it? Hesitation is understood but you must side with something you really believe in, just don't follow gold because people in the past have always overrated it and if you believe in it, commit to it. If not, then I think you might be interested in the idea of bitcoin, the king of crypto. Or you just want dollars bro? Tongue

Well although people believe in bitcoin, but most of them wont miss the chance to get high profit. And atleast in the end he still want to convert that gold for bitcoin. And actually I think thats a non sense if people miss this chance just because they are believe in bitcoin. There are many other ways to show that we love bitcoin.

tommorisonwebdesign

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If I were to pick between gold and Bitcoin in terms of preserving and investing my assets, I would say Bitcoin. It has the potential to fluctuate above $1000 within a matter of years and in my opinion it's the way of the future. Gold goes up and down, but there is strong potential behind Bitcoin.

bitcollins85

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Supply - demand
That is all you need to know. If the supply is less and demand remains the same, then the price increases. The value of a bitcoin is irrelevant just as the price of an ounce of gold does not matter. That's why people buy gold in amounts smaller than 1 oz. now that prices are high.
If demand continues to go up there may come a day when people say; "You own a whole bitcoin!!!"

greBit

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Quote from: cjrosero on August 03, 2015, 11:25:55 AM

Quote from: IDKwhatimdoing on August 02, 2015, 11:32:39 PM

if you have to choose between 1000 kg of gold and 1000 BTC? Huh

??

if i have to choose one i will choose 1000 gold and sell it to buy btc ahaha

But why so whimsical? If you are going to buy btc in the end, why not directly buy it? Hesitation is understood but you must side with something you really believe in, just don't follow gold because people in the past have always overrated it and if you believe in it, commit to it. If not, then I think you might be interested in the idea of bitcoin, the king of crypto. Or you just want dollars bro? Tongue

cjrosero

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To God Be The Glory!

Quote from: IDKwhatimdoing on August 02, 2015, 11:32:39 PM

if you have to choose between 1000 kg of gold and 1000 BTC? Huh

??

if i have to choose one i will choose 1000 gold and sell it to buy btc ahaha

dollarneed

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Quote from: IDKwhatimdoing on August 02, 2015, 11:32:39 PM

if you have to choose between 1000 kg of gold and 1000 BTC? Huh

??

I am going to choose 1000 kg of gold

1 gram equals $ 37.07
it thats mean 1 kg = 1000 gram so equals $ 37,000
therefore 1000 kg = $ 37,000,000

And
1 bitcoin = $ 284
1000 Bitcoin = $284,000

$284,000 and $37,000,000 its so different

so iam going to choose 1000 kg of gold
because iam a big fans of bitcoin with my $284,000 from 1000 kg of gold i would buy 1000 BTC
so i got my 1000 kg of gold and 1000 BTC
Cheesy

Amph

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Quote from: IDKwhatimdoing on August 02, 2015, 11:32:39 PM

if you have to choose between 1000 kg of gold and 1000 BTC? Huh

??

isn't 1kg of gold les in value than 1k btc? we are talking about 35k(28g(1 ounces) at a price around 1k each) vs almost 300k(1k x 280), not a fair comparison, i would choose bitcoin in any case potential of bitcoin is vastly higher

and gold is even tanking not looking reliable at all, i think it will end under 1k in value

p.s. ah yeah correct it's 35M vs 300k i confused 1 ton with 1 kg...silly me

Fat Ronaldo

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I prefer bitcoin all the way. Much better as a currency and payment network.

Quote from: misterycoins on July 31, 2015, 07:26:26 PM

Bitcoin, absolutely. Bitcoin will be the next payment system and will rise much more. Gold as payment system is old school idea but its important for industry.

But bitcoin isn't guaranteed. Something better could come along. Nobody uses gold as a payment or currency system any more but it has other much more valuable uses (jewelry etc).

HarHarHar9965

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Quote from: IDKwhatimdoing on August 02, 2015, 11:32:39 PM

if you have to choose between 1000 kg of gold and 1000 BTC? Huh

??

I would STILL prefer to get my assets diversified, making good benefit of the current price of gold and spending that Gold slowly and easily, I think even 500kg of gold would be enough for a super luxurious 30years of life. Bitcoins will be booming after the next 7 years heavily, so 500 btc will also make me a significantly super rich man. Warren Buffett, I am coming for you. The first thing I'd do is buy coca cola and destroy that unhealthy cold drink brand. I'd keep the rest of the company Wink

Miracal

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Quote from: BlueYozakuraBTC on August 02, 2015, 08:22:39 PM

Has anyone ever watched the show called Revolution? I'd have to pick gold. No power ? No Bitcoin. All it takes is one super mind to be able to create the mother of all worms and everyone is talking to you by candlelight or maybe solar powered light panel. Sure you can use a generator from a few automobile batteries but after awhile you're sitting in the dark if someone doesn't know how to get the power back on.

So a nice safe heaping of gold would be my best bet. It probably would be best to read up on how to create solar panels while you're at it. Make sure to keep your toilets clean as you may need to use that water to wash your face.... ***runs to grab the comet and toilet brush** Huh

If you will be comparing bitcoin with gold based on the factor that bitcoin needs power and energy to run, I think the situation you chose was not a bright choice. Assuming that there is no power, it will also result in the dumbing down of the society. There will be rebels at night, people will kill for resources and nobody will give a shit about gold. Maybe you can trade candles then.

IDKwhatimdoing

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if you have to choose between 1000 kg of gold and 1000 BTC? Huh

??

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