Topic: Bitcoin or gold? - page 533. (Read 984547 times)

Gold removes all third party risk.  You hold it in your hands, its yours and requires no other input.  You can sell, barter and trade at will completely off grid.

Bitcoin requires -

Digital device to store the coins.
Bitcoin network to process the transactions.
Network connection.
Connection to electricity grid.
Secure encryption (sha256)
Exchanges used to establish BTC value

If any of these dependencies go down or get hacked your screwed and all those electronic digits become meaningless overnight.


You do realise that countless empires and civilizations have risen and fallen over the last few 1000 years and gold is still as highly sought after today as it was back then.

All that shines isn't glitter so all the people stating that Gold is really good, it might not be so good in the coming years. You think things don't change? Trillion dollar stocks crashed and a major ancient country defaulted on a loan (fuck a bailout), you know shit's for real now. I'd rather keep my crypto sorted and go digital in this war, because even a 12 yr old kid will choose gold :*

Gold is all time great thing but now Bitcoin is also going in this field with good and solid way hope this will be popular as gold in near Future

Gold is always better if you compare it with bitcoin. As people have more faith in gold and it is more popular as compared to the bitcoins. So people would prefer more to invest in gold especially the older generation as they don't know anything about the bitcoins.

Gold is shiny and looks pretty if your that type of character where you fund happiness and comfort from physical stuff lke gold then it is better for you

Personally i didnt know that existed ever a site where you can sell and buy gold like the bitgold. But i dont like them lol

LOL..But gold being more traditional people have more faith in gold as compared to the bitcoins. As the older generation have never heard or used bitcoins so they would definitely prefer to invest in gold rather then taking a risk by investing in bitcoins.

Lol you are a bit out hahahha, golf is a sport and not a currency like bitcoin. Bitgold made gold a bit spreadable

Of course golf it is pretty

There is no better in this instance. It all depends on your risk aversion. As is mentioned countless time in this thread; generally speaking gold tends to be quite stable while bitcoin is very volatile. Based on this premises (which is merely my humble opinion) you should ask yourself what your investment strategy is. If you want to take a speculative stance you could probably go with BTC (chances are rather SMALL that you would make BIG profits), however if you go with gold your investment portfolio would probably behave less crazy (chances are rather BIG that you would make SMALL profits). All in all, it depends on your appetite for risk.

This being said it seems that both investment-products SEEM to behave similarly in that they mimic currency hedges. The recent financial turmoil causes relatively scarce (im-)materials to go up in value (the market signalling that it does not like too much risk). This however is not a substitute for individual risk-aversion but rather tools to understand how different products might behave in different investment/ economic scenarios.

Personally I'm a big believer in the idea of bitcoin; rather than the trading-tools we now use for exchange -which on a large-scale sense- depreciate with every breath we take, bitcoin cannot be tampered with given its finite nature. This means that nobody can influence its value if BTC would be the incumbent trade-token in the world. In my view purchases which are made currently shift in value in both the currency and the product while in world where we all use bitcoin it would only be the product that loses value. Let's do this thought experiment;

If you were to live in Europe and you purchase a US made product you'll trade your EURO for a DOLLAR at the spot price of the sale. If the EURO would devaluate in one week time and you look back at your purchase t+1week you would have made a deal that you cannot reproduce a week later as you will need to pay more euros to obtain the same amount of dollars. If there is only one 'currency' however there would not be a devaluation as you there is nothing to devaluate against. In this case we'll leave the depreciation of the product for what it is (you would not buy the retailprice for the Iphone 4 when it came out because you can buy an Iphone 5 for the same price given both options at the same time).

I'll end my jibber jabber on this note; if you want to feel the thrill of investment pick up a few bitcoins and get the excitement of a volatile product. In my view this 'disruptive' innovation (OH NO HE DIDN'T - yes I did just ripped this marketing biscuit) might just make it and revolutionize human trading as we see it today. If not, do what everyone does; diversify *snore*

(sorry for the long post)

random modification like this to bitcoin are not tollerated, even bitcoin.org report this, there must be a valid point to do it, so unless like i've said 1 satoshi will be worth a tons, no one will accept a change like that, like they will not accept the remove of the 21M market cap

Yes Diversification is the best option. As if you suffer losses from one product you can recover it from the other. And future is uncertain, anything is possible either you earn profits or may be losses that depends on the future and also the luck factor but both are good products for investment.

Both are good tool for investments and but need to diversify the investments part in bitcoin and part in gold as you never know about the future so either any one of them would prove to be an profitable investment in future.

Bitcoin is far superior in my opinion. Gold has it's real world uses don't get me wrong, but as an investment and currency bitcoin will likely dwarf it in the future. It's already much better as a currency, but I'm sure it will surpass it in investment value soon enough.


Exactly, and this is what would happen if it became a problem, but I think we're a long way off from that and we should be so lucky  .

Quite easy to add a few more decimal places.

infinitely divisible? when we are at 1 satoshi you're done, there no more dividend, and in fact this could be a problem if one satoshi in a distant future will be worth too much like 1 dollar or more

There is a finite number of bitcoins but they are infinitely divisible so are they really rare?

The Bitcoin supply is, in fact, limited and finite. It is set to reap immediate benefits going forward when it comes to supply and demand, the most basic sound money concept. No worries about mere fiat currency principles like inflation or deflation. You can chart the amount of digital currency in circulation at any time in the future.

Those are the central banks and governments, that is not equal to the people.


Well i know 10 stores in my area that accept bitcoin, i dont know of any that accept gold, maybe the "shady" markets in the ghetto zone accept jewelry but still that is not a pretty legitimate place to buy anything.

And the market cap again is 99% owned by big banks, central banks, hedgefunds and governments. And the rest of 1% is jewelry and a few coin collectors


Ok but what are you doing with it, just buy gold and when the price goes up you dump? It looks like a pump and dump to me.

Definitely you just brag and deisik too about gold having an intrinsic value, but the intrinsic value is derived from the market.

If there is no market for gold, gold doesnt have value. It's obvious that it will crash even lower perhaps back to 500$ where it came from, even though the $ inflation is much higher.

And yet most western countries are now scrambling to repatriate their gold from other countries and gold/silver sales have increased so much the last few weeks there is now a shortage & longer shipping times with the US mint running out silver.  China/Russia are accumulating gold as quickly as possible, Texas is trying to repatriate their gold from the FED.

Its not the number of people that matter its how much those people have to spend, people with a lot of money buy gold.  Saying there are are more supports for BTC than gold is naive at best, take a look at the market cap size for gold V BTC

Perhaps there is a reason the average man on the street knows nothing about gold (real money) and all those cash for gold shops keep popping up, where is all that gold purchased cheaply getting funneled too?