Bitcoin or gold? - page 534. | Bitcointalksearch.org

gentlemand

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Quote from: GreenStox on July 13, 2015, 03:37:16 PM

I think gold is getting out of trend.

If you ask any person on the street they have no fkin clue about gold.

You have more supporters for bitcoin than for gold, even though gold is 5000-6000 year used metal, while bitcoin is only 5.

This shows us that except a few african countries, the western world doesnt give a shit about gold anymore. It was good but it lost its appeal already.

It's true. I only personally know one person who has any involvement with gold. It never crosses the mind of the vast majority and never will.

It's far more ingrained in places like India than anywhere in the West.

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I think gold is getting out of trend.

If you ask any person on the street they have no fkin clue about gold.

You have more supporters for bitcoin than for gold, even though gold is 5000-6000 year used metal, while bitcoin is only 5.

This shows us that except a few african countries, the western world doesnt give a shit about gold anymore. It was good but it lost its appeal already.

Zorrocoin

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Quote from: madonnino on July 12, 2015, 01:43:24 PM

if u can afford to lose the amount that you invest, go on bitcoin, more funny more innovative, if u like more stable investement buy gold

I think gold and bitcoin both have the same amount of pros and cons, but the difference is bitcoin has more potential to rise in value. Although I agree that you should invest the same amount you can afford to lose. But you gotta risk it to win the biscuit. And bitcoin is gonna have major issues for the next seven to eight years but the next few years will clear up all the flaws hopefully.

dollarneed

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Quote from: Amph on July 13, 2015, 02:32:30 AM

Quote from: dollarneed on July 13, 2015, 01:16:41 AM

i think gold is more than bitcoin if we hold it on situation like crisis comodity or economic because people flee to its relative safety when world tensions rise during such times, Many are beginning to see commodities, particularly gold, as an investment way which their funds should be allocated

ironically gold and bitcoin share the same chart, so i don't find gold so much safer than bitcoin at this point, gold has more stability only because it is more ancient and because people have traded it long enough to know what to expect from it

i think bitcoin and gold have positive and negatif score each of it but actually i really like gold especially for jewerly because gold is one of the luxury symbol. Gold is a substance that is in high demand and there is a finite amount that can be produced and same case bitcoin to but the difference betwen them is bitcoin jus a virtual stuff and gold is real.

bornil267645

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I would chose Bitcoin. because it provides me with lot of flexibility. I can move it whenever and wherever at the ease of my own will. Maybe the global adoption has not occurred yet, but when it does, it will wipe out the use of gold as reserve currency.

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Quote from: dollarneed on July 13, 2015, 01:16:41 AM

i think gold is more than bitcoin if we hold it on situation like crisis comodity or economic because people flee to its relative safety when world tensions rise during such times, Many are beginning to see commodities, particularly gold, as an investment way which their funds should be allocated

ironically gold and bitcoin share the same chart, so i don't find gold so much safer than bitcoin at this point, gold has more stability only because it is more ancient and because people have traded it long enough to know what to expect from it

HarHarHar9965

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Quote from: Zorrocoin on July 11, 2015, 12:33:21 PM

Quote from: rohan1 on March 12, 2014, 03:51:14 AM

half and half.

hahahaha. I would actually take 80/20 because of the rising inflation in ten years the price of gold will shoot up to thee stars and bitcoin 20 percent itself will be as valuable as gold in 10 years. So I get double profit ! yay yay Grin

People still believe that fiat currencies are backed by gold but they are not anymore, that stopped 40 years ago. Cash is just assumption of the value which will be repaid back later and debited and credited like that. I don't think so people will be losing it for gold, gold's value will depreciate in a decade and as far as bitcoin goes, its a gamble too. So you can be optimistic, sure!

dollarneed

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i think gold is more than bitcoin if we hold it on situation like crisis comodity or economic because people flee to its relative safety when world tensions rise during such times, Many are beginning to see commodities, particularly gold, as an investment way which their funds should be allocated

smith coins

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The price of gold is probably inflated at the moment. I think Bitcoin will at least go up long term. I pick Bitcoin.

madonnino

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I ❤ www.LuckyB.it!

if u can afford to lose the amount that you invest, go on bitcoin, more funny more innovative, if u like more stable investement buy gold

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Quote from: rohan1 on March 12, 2014, 03:51:14 AM

half and half.

hahahaha. I would actually take 80/20 because of the rising inflation in ten years the price of gold will shoot up to thee stars and bitcoin 20 percent itself will be as valuable as gold in 10 years. So I get double profit ! yay yay Grin

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Quote from: deisik on July 11, 2015, 04:49:11 AM

You think? Okay, you are entitled to, but rumors have it that the gold has already been sold, and there is no gold in the vaults of Fort Konx any longer. Amazingly, the last audit of Fort Knox occurred in 1953, so there has been no audit in over 60 years. If they have nothing to hide (save for gold, of course), there should be no fear to allow an audit, right?

I heard of conspiracies that the gold was sold by the 6 big banks before the 2008 crisis.

However, i think that is foolish to believe, its far more likely that they just moved the gold out to their own vaults.

So basically a plain theft, they took out the gold from the national vault, and moved it to the IMF vaults or BIS vaults is much more likely.

I dont think they are so foolish the sell the gold if they also know their banking system is on the verge of collapse. They just hide it, and pretend that gold is bad, and scaremonger gold, to keep their system alive, but when the time comes , they are also prepared to use the gold as a collateral to save their skins.

Just like China and Russia buys gold, i bet the IMF and global bankers are not that foolish to not buy gold aswell.

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Quote from: deisik on July 08, 2015, 02:02:07 PM

Quote from: ?? on ??

So then what if the IMF and the US government sells their gold reserves, i`m sure the rich list in gold is even more monopolitic.

In fact, you are pretty much wrong on this

Even if we assume that the Fort Knox gold is actually there, the total US gold reserves would equal to some 8,000 metric tons. The IMF gold reserves are around 2,800 metric tons of gold, which produces a total of about 11,000 tons. Given that the estimate of all gold out there (including jewelery) is at 180,000 tons, the cumulative IMF and US government gold holdings amount only to miserable 6%...

And don't forget that burned coins are irreversibly lost (unlike gold), which doesn't favor more even distribution

I think they got more gold than they say on paper.

Also a 6% massive sell can trigger a really big panic which will then make every major gold holder sell.

You think? Okay, you are entitled to, but rumors have it that the gold has already been sold, and there is no gold in the vaults of Fort Konx any longer. Amazingly, the last audit of Fort Knox occurred in 1953, so there has been no audit in over 60 years. If they have nothing to hide (save for gold, of course), there should be no fear to allow an audit, right?

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Quote from: ShopemNL on July 10, 2015, 11:29:55 AM

Quote from: bit1 on July 09, 2015, 03:56:40 PM

Quote from: ShopemNL on July 09, 2015, 03:33:36 PM

Why not buy silver instead of gold. There will be no more silver in the ground within 10-20 years..

I dont think so,

Maybe you are talking about production estimated to current mines,but must have more reserves and new mines will be created.

Lol you are crazy, the demand rises every year but silver is getting short and harder to mine. The price of silver is undervalued same as with gold. Beside that There is so much more paper gold/silver then there is physical, when everybody cashes out there paper there will be a major problem.

http://dailyreckoning.com/are-we-running-out-of-silver/

http://blogs.wsj.com/moneybeat/2015/05/06/silver-mine-supply-is-running-out-of-steam/

No I'm not. Because silver is found mixed with and alloyed with numerous other metals such as gold, lead, and copper this could be mined for many years more that you have mentioned.

ShopemNL

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Quote from: bit1 on July 09, 2015, 03:56:40 PM

Quote from: ShopemNL on July 09, 2015, 03:33:36 PM

Why not buy silver instead of gold. There will be no more silver in the ground within 10-20 years..

I dont think so,

Maybe you are talking about production estimated to current mines,but must have more reserves and new mines will be created.

Lol you are crazy, the demand rises every year but silver is getting short and harder to mine. The price of silver is undervalued same as with gold. Beside that There is so much more paper gold/silver then there is physical, when everybody cashes out there paper there will be a major problem.

http://dailyreckoning.com/are-we-running-out-of-silver/

http://blogs.wsj.com/moneybeat/2015/05/06/silver-mine-supply-is-running-out-of-steam/

lorylore

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Gold has been digitized, as i saw on bitgold. so its not a bad idea.
But i still like bitcoin most.

bit1

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Quote from: greBit on July 10, 2015, 04:57:39 AM

Quote from: Scamc0p on July 09, 2015, 10:38:00 PM

I remember when I was wanting to buy gold in 2008, it was valued at $800. Now it was at $1200 late last year.
Gold will always go up, I don't know if it because people think it is a safer than any other product to own.
But gold will always go up in value. It only dips slightly at times but not like the way cryptos do.

The only way Gold won't go up is if people stop valuing it. At some point in the next couple decades, if there is a point where a new currency like crypto currency takes over the world and there is no value for fiat currencies which are backed by gold, there will no more be a value of gold. It will be just another luminous metal used by women as shiny jewelry. Unlikely to happen now, might happen someday.

Gold and others metals always will have a good value in future for a reason very simple, its are used on many Industries,And each day is more difficult to get those.

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Quote from: Joshuar on March 09, 2014, 01:36:53 PM

I' do both, but take bitcoin over gold simply because I'm a pyschic and I see that in 10 years, Bitcoin would be worth 100million each.

I totally agree with you. I would also choose both but I see more potential in bitcoin and I think it will be way more promising than gold will be. I would invest in both gold and bitcoin but more in bitcoin because in ten years it will be ten times bigger than gold.

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Quote from: DannyHamilton on March 09, 2014, 06:14:49 PM

Bitcoin, absolutely.

Gold is relatively stable and has had centuries (millennia?) to establish its relative value in the world.

Bitcoin is a disruptive technological protocol in its infancy. It is still in the process of price discovery and as additional layers of interface are added on top of the protocol, the difference will be equivalent to the difference between the internet today and the internet in the 1980's. It is impossible to predict what bitcoin will be like in 10 years, but I expect it will be exponentially more useful (and as such, exponentially more valuable) by then.

Exactly. Bitcoin has only been around for a few years yet it has grown ten times faster than the price of gold. Both of them are great to invest inn but I would rather invest in bitcoin because it seems more profitable and in ten years it will be HUGE!

Miracal

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To all the people discussing volatility and comparing gold and bitcoin in terms of it, I think that as a new technology, bitcoin is subject to much more volatility than gold. But over the long run, given the fact that no new bitcoins will be mined after the 21-millionth, we can expect it to ultimately serve as a better store of value than gold. So there is certainly much more than hope for bitcoin, there is a future.

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