BTC because I believe the technology will eventually become dominant in the future and BTC is easier you can carry it on a very small paper that holds your private key.
bitcoin is very easy to save, do not need a big place and very easy to hide, but bitcoin very easy to take if someone knows your private key, in spite of it all each have the advantages and disadvantages 
Topic: Bitcoin or gold? - page 540. (Read 984547 times)
Gold can be exhibited to the many people
in party or in the official event
in party or in the official event
What is the need to show off your wealth to everyone? Some people, especially the females have this tendency to show off their wealth. This in turn can attract unwanted attention, especially from the tax authorities and from the thieves. Intelligent people try to hide their wealth, and Bitcoin is very good for this purpose.
BTC because I believe the technology will eventually become dominant in the future and BTC is easier you can carry it on a very small paper that holds your private key.
Gold is real currency
Bitcoin only digital currency
Gold can be exhibited to the many people
in party or in the official event
BTC because I believe the technology will eventually become dominant in the future and BTC is easier you can carry it on a very small paper that holds your private key.
Depending on the type of investment, If you want something stable then your choice generally would be to choose gold, but if you can tolerate or want a huge volatibility in the price of the wealth then you will choose bitcoin.
BTC likely has a better risk/reward ratio
If I remember correctly, the all time high was quite close to $1900 an ounce. And it had been there not because of the Chinese or Indian economies growth. Quite the contrary, gold reached that high because the 2008 crisis effects had finally propagated through the economy. Thereby, the primary engine behind the gold price rise (which adds up to its price dozens of percentages) seems to be economic slump rather than boom...
The peak price for gold ($1,826 per oz) was reached in 2012, when the worst of the recession was already over. In 2009, when the recession was as its peak, the gold price was just $950 per oz. It increased by almost 100%, in a duration of 3 years. So I can't fully agree with your argument that economic slump boosts the gold price.
Okay, let's look at the chart of gold prices starting from 1995. We see that the price had been increasing since May, 2001, at first slightly and then accelerating since 2005 (when the real estate market first started to reveal the signs of its impending crash, I guess), with only a minor correction in October 2008 (when the stock market crashed). After that, gold price started to increase even more rapidly, as the effects of the recession started to propagate through the economy with QEs at full throttle. Was the price hike due to them primarily?
And gold actually peaked in August, 2011
Gold, just as bitcoin, is sound money and could rise spectacularly if people start wanting to save in gold.
Gold have fundamentally two problems compared to bitcoin:
1) Gold have less of the good money characteristics. Specially transactability, and hideability.
2) Large hoards of gold in central banks can lead to instability.
Gold have fundamentally two problems compared to bitcoin:
1) Gold have less of the good money characteristics. Specially transactability, and hideability.
2) Large hoards of gold in central banks can lead to instability.
If I remember correctly, the all time high was quite close to $1900 an ounce. And it had been there not because of the Chinese or Indian economies growth. Quite the contrary, gold reached that high because the 2008 crisis effects had finally propagated through the economy. Thereby, the primary engine behind the gold price rise (which adds up to its price dozens of percentages) seems to be economic slump rather than boom...
The peak price for gold ($1,826 per oz) was reached in 2012, when the worst of the recession was already over. In 2009, when the recession was as its peak, the gold price was just $950 per oz. It increased by almost 100%, in a duration of 3 years. So I can't fully agree with your argument that economic slump boosts the gold price.
gold was always more stable then bitcoin, there is less manipulation there, but what i don't like about it is that gold has less chance to grow, exactly because everyone know that is stable
I have to disagree with you here.
Right now, the main consumers of gold are China and India, two of the world's fastest growing economies. In China, they use gold mostly for investment purposes, and in India they use it for jewelry. As the economic situation improves in these countries, the demand for gold will also rise. But the supply is quite limited.
The Indian GDP is expected to increase by 500% during the 2014-50 period ($7 trillion, to $41 trillion). The Chinese GDP will grow from $9 trillion as of now, to $61 trillion by 2050.
So the future outlook for gold is rosy.
well one should calculate how much of an impact on the market that number will have, because rising by few pennies isn't what i consider a rise
also do not forget that its ath was 1826, so unless they plan to boost it to above that value or at least to halfway through it, we cannot really talk about a rise
If I remember correctly, the all time high was quite close to $1900 an ounce. And it had been there not because of the Chinese or Indian economies growth. Quite the contrary, gold reached that high because the 2008 crisis effects had finally propagated through the economy. Thereby, the primary engine behind the gold price rise (which adds up to its price dozens of percentages) seems to be economic slump rather than boom...
gold was always more stable then bitcoin, there is less manipulation there, but what i don't like about it is that gold has less chance to grow, exactly because everyone know that is stable
I have to disagree with you here.
Right now, the main consumers of gold are China and India, two of the world's fastest growing economies. In China, they use gold mostly for investment purposes, and in India they use it for jewelry. As the economic situation improves in these countries, the demand for gold will also rise. But the supply is quite limited.
The Indian GDP is expected to increase by 500% during the 2014-50 period ($7 trillion, to $41 trillion). The Chinese GDP will grow from $9 trillion as of now, to $61 trillion by 2050.
So the future outlook for gold is rosy.
well one should calculate how much of an impact on the market that number will have, because rising by few pennies isn't what i consider a rise
also do not forget that its ath was 1826, so unless they plan to boost it to above that value or at least to halfway through it, we cannot really talk about a rise
gold was always more stable then bitcoin, there is less manipulation there, but what i don't like about it is that gold has less chance to grow, exactly because everyone know that is stable
I have to disagree with you here.
Right now, the main consumers of gold are China and India, two of the world's fastest growing economies. In China, they use gold mostly for investment purposes, and in India they use it for jewelry. As the economic situation improves in these countries, the demand for gold will also rise. But the supply is quite limited.
The Indian GDP is expected to increase by 500% during the 2014-50 period ($7 trillion, to $41 trillion). The Chinese GDP will grow from $9 trillion as of now, to $61 trillion by 2050.
So the future outlook for gold is rosy.
They should drop some fucking regulations in the west and we could have 1000% GDP growth every year (without phony printed money based credit ponzi systems)
I actually dont want gold price to rise, because a rising gold price = shitty economy, i want a strong economy with many products and services.
gold was always more stable then bitcoin, there is less manipulation there, but what i don't like about it is that gold has less chance to grow, exactly because everyone know that is stable
I have to disagree with you here.
Right now, the main consumers of gold are China and India, two of the world's fastest growing economies. In China, they use gold mostly for investment purposes, and in India they use it for jewelry. As the economic situation improves in these countries, the demand for gold will also rise. But the supply is quite limited.
The Indian GDP is expected to increase by 500% during the 2014-50 period ($7 trillion, to $41 trillion). The Chinese GDP will grow from $9 trillion as of now, to $61 trillion by 2050.
So the future outlook for gold is rosy.
Gold has a stable price right now, BTC will probably rise much higher then gold I believe. But that's just my 2 sats.
Gold is more stable than the Bitcoin right now, but you should also remember that the gold prices have fallen from $1,800 per Oz in 2011 to $1,170 per Oz right now. I had purchased a few 1/4 Oz gold bullion coins in 2012, when the rate was like $1,700 per oz. Right now, I am left with an unrealized loss of around 33%.
gold was always more stable then bitcoin, there is less manipulation there, but what i don't like about it is that gold has less chance to grow, exactly because everyone know that is stable
instead the beauty of bitcoin if in its instability, that could potentially raise it to unbelievable level, and rising is above falling if you take into account all the math behind it
Gold has a stable price right now, BTC will probably rise much higher then gold I believe. But that's just my 2 sats.
Gold is more stable than the Bitcoin right now, but you should also remember that the gold prices have fallen from $1,800 per Oz in 2011 to $1,170 per Oz right now. I had purchased a few 1/4 Oz gold bullion coins in 2012, when the rate was like $1,700 per oz. Right now, I am left with an unrealized loss of around 33%.
Forget about gold, bitcoins have a long term potential for price increase
agreed with you bitcoin is very beautiful to invest you can get 10-20% per month if you can buy and sell in perfect time, may be more than it 50-60%
Forget about gold, bitcoins have a long term potential for price increase
Was watching a program recently and they were saying that fort knox does not have that much gold yet they everybody claims that is where all the US gold is kept. Then why all the high security to keep an empty building protected when it has little gold in it?
Think you kinda missed the point of that program, they wont admit there is fuck all left and will not allow an independent audit.
Imaginary gold is still good for scaring; If we sell it all....
Was watching a program recently and they were saying that fort knox does not have that much gold yet they everybody claims that is where all the US gold is kept. Then why all the high security to keep an empty building protected when it has little gold in it?
Think you kinda missed the point of that program, they wont admit there is fuck all left and will not allow an independent audit.
Was watching a program recently and they were saying that fort knox does not have that much gold yet they everybody claims that is where all the US gold is kept. Then why all the high security to keep an empty building protected when it has little gold in it?
To stop their numerous creditors going fucking insane when they realise the gold doesn't exist.
No one, but no one, has been allowed in there since 1974 and it hasn't been properly audited since the 1930s. That's a lot of time to play fractional reserve gold. Read up about what happened when Germany asked for their gold back from the US.
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