Topic: Bitcoin or gold? - page 538. (Read 984547 times)
Bitcoin, because gold is something that probably won't have much of a big change in value in the next 10 years. Bitcoin is the first cryptocurency, many say its the prototype for altcoins. But I think bitcoin's future stands and who knows what it will go through. I'd keep bitcoins instead of gold.
BTC must be backed for Gold,Silver,Diamonds,etc, a thing that everybody can hold in yours homes if they want and they can spend in complete freedom.
Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.
It's already possible but the process isn't efficient.
well then bitcoin feel already more secure than a possible fake gold, if they can really do it in the future, than gold may be useless as did the toilet paper, called fiat
i didn't think about that possibility, now i know that gold won't be my second choice for future investments, i might rather go with a good altcoin like monero or dash, even litecoin feel more secure at this point...
also if it will be possible with gold, it will be possible with any other metal....
It's not "fake" gold. It's actually the real thing, just the process needs to evolve to become cheaper and faster. Right now it only allows to make small amounts just to prove it can be done, once it goes industrial there will be no need to dig for gold or recycle electronics to get it.
http://www.cnet.com/news/bling-researchers-create-24k-gold-in-the-lab/
The article is wrong, with the "create" title. It's more about chemical / bio-chemical extraction from already existing gold compounds. That's gold that exists already.
Creation would involve nuclear reactions, just like it happens inside a supernova or something.
Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.
It's already possible but the process isn't efficient.
I don't think creating actual gold is possible.. to me it sounds like some sci-fi stuff. But now, it doesn't need to be perfect to pass as real if the person evaluating it isn't a true expert. As a result, we can say that gold is infinitely times easier to fake than Bitcoin, because basically the concept of fake Bitcoin is absurd thanks to the blockchain and it's encryption features and the decentralized ledger.
Synthetic diamonds are not sci-fi stuff since 1950s. They have properties that are superior to those of most naturally formed diamonds. Synthetic single-crystal diamonds are actually harder than any known "organic" diamond. Lab grown gem-quality diamonds can in fact be identical to naturally occurring ones by their physical and optical qualities (or even better)...
Did it somehow affect the diamonds market?
My opinion is that as a protocol and mechanism for value transfer it has even greater intrinsic value than gold.
Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.
It's already possible but the process isn't efficient.
I don't think creating actual gold is possible.. to me it sounds like some sci-fi stuff. But now, it doesn't need to be perfect to pass as real if the person evaluating it isn't a true expert. As a result, we can say that gold is infinitely times easier to fake than Bitcoin, because basically the concept of fake Bitcoin is absurd thanks to the blockchain and it's encryption features and the decentralized ledger.
Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.
As technology working this can happen in near future and Gold can drop very badly so better thing is just invest some in Bitcoin because this could be not going down as this gold It's already possible but the process isn't efficient.
It's not "fake" gold. It's actually the real thing, just the process needs to evolve to become cheaper and faster. Right now it only allows to make small amounts just to prove it can be done, once it goes industrial there will be no need to dig for gold or recycle electronics to get it.
http://www.cnet.com/news/bling-researchers-create-24k-gold-in-the-lab/
http://www.cnet.com/news/bling-researchers-create-24k-gold-in-the-lab/
Quote from the article:
Quote
To put it lightly, something sensational happens upon feeding large concentrations of toxic gold chloride (also known as liquid gold) to the bacteria Cupriavidus metallidurans. After about a week's time, the bacterium creates a 24-karat gold nugget from the digested toxins.
I think there are a lot of chemical processes to get pure gold from gold chloride that would do the trick much cheaper. The sensational part is that gold chloride is fed to some bacteria that metabolize it into metallic gold...
Gold bugs can sleep peacefully so far
the problem with gold is this lady could come and steal it from you https://www.youtube.com/watch?v=DYUJPCDfnOk, but on the real note there is a higher violent rate in gold mines then bitcoin farms.
Just wait till they manage to produce gold in labs on a larger scale and its price will fall like a rock.
It's already possible but the process isn't efficient.
It's already possible but the process isn't efficient.
well then bitcoin feel already more secure than a possible fake gold, if they can really do it in the future, than gold may be useless as did the toilet paper, called fiat
i didn't think about that possibility, now i know that gold won't be my second choice for future investments, i might rather go with a good altcoin like monero or dash, even litecoin feel more secure at this point...
also if it will be possible with gold, it will be possible with any other metal....
Both
I would take both too . But if I HAD to choose one, I would choose for gold nevertheless. The reason is gold is safer and less riskier and the rising prices of inflation has compelled me to pick gold out of the two. Bitcoin is a great option too. But I'd rather take gold.
Yes it is and why gold take time to get profit because gold is a long term investment, otherwise bitcoin is a short term, so although bitcoin is faster to earn but you will have chance to get low profit too. Both of it have advantages and disadvantages, it is just your choice which one do you prefer to invest or may be you can diversify it to both of them
Bitcoin is a different asset and gold is a different asset entirely, both come along with certain pros and cons. Considering all of them, I would prefer to slide my investments in Gold as it has always been around, from years and years. It has always had a good value and it will always be precious, therefore I would choose it over any asset, even real estate.
Both
I would take both too . But if I HAD to choose one, I would choose for gold nevertheless. The reason is gold is safer and less riskier and the rising prices of inflation has compelled me to pick gold out of the two. Bitcoin is a great option too. But I'd rather take gold.
Both
I would take both too . But if I HAD to choose one, I would choose for gold nevertheless. The reason is gold is safer and less riskier and the rising prices of inflation has compelled me to pick gold out of the two. Bitcoin is a great option too. But I'd rather take gold.
eurozone troubles are causing fear in markets all over the world that is why wall st lost ground today and I believe gold and silver are rising
Gold and silver are actually falling, -0.75% and -0.70% at the moment, correspondingly. I think it is not good time to enter precious metals right now, gold could go down a few percentages still, probably even below 1,140$ an ounce (first November, then March, and now July)...
eurozone troubles are causing fear in markets all over the world that is why wall st lost ground today and I believe gold and silver are rising
still it is too much stable until now with this new pump, i was merely talking like how they look akin now with the bitcoin being stuck in the current range(remove the pump that is happening just recently, and that it started after my post) 230-250, for many months
The 230-250 range (which in fact should be something like 220-250) gives you +5% volatility, now compare that to gold daily highs and lows of being about 0.5-1% difference. If bitcoin became just less volatile, it doesn't mean that it became as stable as gold...
Personally, I think that even that is temporary
well i was never talking about perfectly comparison, i just said that it was akin to doge, in the last recent months
it is obvious you can't expect it to be exactly like gold it is, especially because bitcoin needs more years to achieve such stability
1% vs 5% is a pretty narrow difference for me
If you make perfect trades, this difference would allow you to earn up to 5 times more (provided all other things being the same). Surely not something to sneeze at, I think. But even if you just trade, you would still be able to earn 5 times more (given your percentage of losing trades remains the same for both of these volatilities), though less in absolute terms...
Now think of the effect of your income multiplied a few times, to get an idea (of how huge this difference really is)
still it is too much stable until now with this new pump, i was merely talking like how they look akin now with the bitcoin being stuck in the current range(remove the pump that is happening just recently, and that it started after my post) 230-250, for many months
The 230-250 range (which in fact should be something like 220-250) gives you +5% volatility, now compare that to gold daily highs and lows of being about 0.5-1% difference. If bitcoin became just less volatile, it doesn't mean that it became as stable as gold...
Personally, I think that even that is temporary
well i was never talking about perfectly comparison, i just said that it was akin to gold, in the last recent months
it is obvious you can't expect it to be exactly like gold it is, especially because bitcoin needs more years to achieve such stability
1% vs 5% is a pretty narrow difference for me
p.s. lol i said doge, i must have confused it with another post, fixed
2) There is such thing as downward volatility, i dont know the exact term, english is not my native language, but you calculate that just as the standard deviation, except you dont take the absolute value from the mean of both the above and below elements, instead you only count the items that are below the mean = price decreases. This indicator shows you the downward volatility, because the variance as such is an absolute value composed of 2 subsets of data.
I don't quite understand what you mean or how you calculate the value you speak about, but it won't be volatility, by any means. By definition, volatility means price deviation around some value, in both directions, that is, up and down. What you mean is most likely called trend and its range or strength...
3) That was actually a joke, you cant short bitcoin, as in short in the financial sense. You can only buy & sell bitcoin, the "short" operation requires bitcoins to be printed out of thin air, or another collateral set aside by the exchange in form of swaps ( but thats just a workaround pseudo-shorting actually).
I know bitfinex does a good job with margin trading, but still you cannot short more bitcoins then they are on the exchange, whereas in the financial world with fiat money you can just grab a nice infiniate amount 0% interest fast loan and plummet a stock from 200$ to 1 cent in 15 minutes.
I know bitfinex does a good job with margin trading, but still you cannot short more bitcoins then they are on the exchange, whereas in the financial world with fiat money you can just grab a nice infiniate amount 0% interest fast loan and plummet a stock from 200$ to 1 cent in 15 minutes.
Actually, I'm not shorting Bitcoin in the sense of borrowing and selling it and then buying back at a lower price (or as luck would have it). I just started to sell my stash of bitcoins in small portions after the price had got above ~250$ (and buying back when the price rebounds)...
So far so good
Are you kidding? Gold has barely moved in the recent days (was sticking around 0.3-0.5% daily) as always, while bitcoin has been moving about an order stronger than that, that is 3-5% daily. Could you name a day in the recent years (I am not even speaking of months) when gold made even 3% daily?
Today Bitcoin has already made something around 8%
Gold stability has already reached it's climax, and its volatility wont move up or down alot in the long future.
I don't think so. Anything can happen, and, I'm afraid, is already happening. But in any case, Bitcoin volatility will by far surpass that of gold...
And you can't use Bitcoin charts starting from 2010, when it was pretty much in obscurity
Upward movement doesnt count, bitcoin is only a 1 way market, it goes up, so i usually dont even count the upward movement in the volatility figure, i only count the downward movement variance or the downward volatility.
Are you sure that you properly understand what volatility is? There is no such thing as downward volatility as well as upward volatility. Volatility is a measure of variance. Most often, standard deviation is used to numerically express the value of volatility. Do you know how it is calculated?
Nobody is shorting bitcoin, c`mon 
I am, since it went over 250. I expect it to come close to 300 (if ever) and then back to 200, and probably even below that. Time will tell
1) Well the sample itself is the entire data we have, and the sample is too small, we had many many events happening, almost every 6 months a big event, but after the event you see that the volatility quickly disperges. Now i cannot know for sure that the latest spikes being smaller and smaller are due to increasing confidence or due to lack or major news
So for that we will need to wait atleast 3-4 years to see how bitcoin turns out to be , where it fits in the world. But from just this data itself we can see that the volatility is decreasing, no doubt. But the cause remains to be determined
2) There is such thing as downward volatility, i dont know the exact term, english is not my native language, but you calculate that just as the standard deviation, except you dont take the absolute value from the mean of both the above and below elements, instead you only count the items that are below the mean = price decreases. This indicator shows you the downward volatility, because the variance as such is an absolute value composed of 2 subsets of data.
3) That was actually a joke, you cant short bitcoin, as in short in the financial sense. You can only buy & sell bitcoin, the "short" operation requires bitcoins to be printed out of thin air, or another collateral set aside by the exchange in form of swaps ( but thats just a workaround pseudo-shorting actually).
I know bitfinex does a good job with margin trading, but still you cannot short more bitcoins then they are on the exchange, whereas in the financial world with fiat money you can just grab a nice infiniate amount 0% interest fast loan and plummet a stock from 200$ to 1 cent in 15 minutes.
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