Bitcoin or gold? - page 540. | Bitcointalksearch.org

bryant.coleman

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Quote from: meganburke on June 29, 2015, 04:30:36 AM

Gold is more secure and more volatile.

Gold is more volatile than Bitcoin? I don't know from where did you got your information from. Gold has been one of the most stable forms of wealth during the last 10-15 years, compared to the Bitcoin, which has lost almost 80% of its value in the past 18 months. BTW... I'll agree that it is more secure.

meganburke

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Gold is more secure and more volatile.
Gold is accepted in whole world.
So I think gold is the better choice.
Bitcoin is still in infant. How do you assume that after 10 years it ensure you huge return.
You also can make a portfolio of investing in both gold and bitcoin that reduce risk margin.

Amph

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Quote from: BITCOINERSEJATI on June 28, 2015, 11:21:31 PM

Quote from: bitcollins85 on June 28, 2015, 07:57:37 PM

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

i don't think so, bitcoin can aim at both online and real world, but for now it is better to use it online because there are not enough shop out there that accept bitcoin, in real life, it is a matter of adoption, like gold was adopted since its discover

for bitcoin will be the same, also gold exhibition, to the public in real life isn't an easy task, very troublesome to carry from place to place, and they will not accept virtual gold, for obvious reasons

oxiyusuf

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Quote from: bitcollins85 on June 28, 2015, 07:57:37 PM

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

bryant.coleman

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Quote from: BITCOINERSEJATI on June 28, 2015, 11:21:31 PM

Gold can be exhibited to the many people
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.

BITCOINERSEJATI

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Quote from: bitcollins85 on June 28, 2015, 07:57:37 PM

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

bitcollins85

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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.

usairx

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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.

traderbit

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BTC likely has a better risk/reward ratio

deisik

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Quote from: bryant.coleman on June 28, 2015, 07:43:08 AM

Quote from: deisik on June 28, 2015, 05:49:06 AM

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

Erdogan

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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.

bryant.coleman

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Quote from: deisik on June 28, 2015, 05:49:06 AM

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.

deisik

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Quote from: Amph on June 28, 2015, 04:34:50 AM

Quote from: bryant.coleman on June 28, 2015, 03:30:13 AM

Quote from: Amph on June 28, 2015, 03:00:30 AM

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. Grin

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...

Amph

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Quote from: bryant.coleman on June 28, 2015, 03:30:13 AM

Quote from: Amph on June 28, 2015, 03:00:30 AM

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. Grin

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

GreenStox

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Quote from: bryant.coleman on June 28, 2015, 03:30:13 AM

Quote from: Amph on June 28, 2015, 03:00:30 AM

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. Grin

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.

bryant.coleman

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Quote from: Amph on June 28, 2015, 03:00:30 AM

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. Grin

Amph

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Quote from: bryant.coleman on June 28, 2015, 12:28:50 AM

Quote from: jt byte on June 27, 2015, 03:58:53 PM

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

bryant.coleman

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Quote from: jt byte on June 27, 2015, 03:58:53 PM

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%.

BITCOINERSEJATI

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Quote from: centauribit on June 27, 2015, 07:42:44 PM

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% Roll Eyes

centauribit

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Forget about gold, bitcoins have a long term potential for price increase

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