Bitcoin or gold? - page 554. | Bitcointalksearch.org

BITCOINERSEJATI

full member

Activity: 168

Merit: 100

Quote from: bryant.coleman on June 08, 2015, 11:29:09 AM

Quote from: BITCOINERSEJATI on June 08, 2015, 12:35:01 AM

If in future if Bitcoin down and no one interesting bitcoin (after POW END)
we have done a waste
burn listric energy to get anything

You can't call it as a wastage. There is a chance that in the near future, Bitcoins will be replaced by another crypto-currency. Similar incidents happen with fiat currency also. For example, in April 2009, Zimbabwe decided to abandon its currency (Zimbabwean dollar) and made US Dollar the official currency. Another example is the Ecuadorian sucre, which was abandoned in 2000.

so wich better ? SELL BITCOIN TO BUY GOLD ? OR SELL GOLD TO BUY BITCOIN ?

iam also buy some Gram gold to hold and save it in bank

oblivi

hero member

Activity: 700

Merit: 501

Quote from: bryant.coleman on June 07, 2015, 10:22:13 PM

Quote from: BITCOINERSEJATI on June 07, 2015, 09:49:17 PM

i agree with you
bitcoin mining is better than gold mine

but we can't rule how many electric energy we use to mine bitcoin

Right now, the electricity consumption for Bitcoin mining is not that big. But the scenario can change, if the price of Bitcoin increases. For example, if the exchange rates increase to $10,000, the competition will also increase. People will be willing to spend electricity worth $8,000, to get Bitcoins worth some $10,000. So can't speak about the future. Grin

At the end of the day all sort of mining gets industrialized. Just like in the early days one could mine gold by themselves only needing a pickaxe and shovel, nowadays it's game over since you need complex machines to mine underground. Same with BTC; at the beginning anyone could do it with their computer, now it takes owning mining caves full of special equipment. The difference is Bitcoin is a self regulated system, there will always be someone being able to get profit because of X/Y/Z reasons.

jayce

legendary

Activity: 2982

Merit: 1506

Pie Baking Contest: https://tinyurl.com/2s3z6dee

Quote from: Yaremi on June 08, 2015, 12:02:13 PM

Quote

Bitcoin or gold?

I am think bitcoin. Gold outdated. We live in the digital age. bitcoin - digital, Gold not. Gold for storage? Bad idea. best antiques for storage.

imho gold never outdated even in the digital age. What will you do if someday bitcoin price was drop alot? And in other hand the gold price still constantly until whenever.

Yaremi

legendary

Activity: 1974

Merit: 1160

Quote

Bitcoin or gold?

I am think bitcoin. Gold outdated. We live in the digital age. bitcoin - digital, Gold not. Gold for storage? Bad idea. best antiques for storage.

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: bryant.coleman on June 07, 2015, 10:22:13 PM

Quote from: BITCOINERSEJATI on June 07, 2015, 09:49:17 PM

i agree with you
bitcoin mining is better than gold mine

but we can't rule how many electric energy we use to mine bitcoin

Right now, the electricity consumption for Bitcoin mining is not that big. But the scenario can change, if the price of Bitcoin increases. For example, if the exchange rates increase to $10,000, the competition will also increase. People will be willing to spend electricity worth $8,000, to get Bitcoins worth some $10,000. So can't speak about the future. Grin

Is it true that electric consumption is not that big? Because in every country the price of each watt is different and with that difference will decide how much can you get from mining bitcoin. That $10,000 is for some future not for now. Now doing some mining is just wasting time, not saying you could get free for the electric that is so good

bryant.coleman

legendary

Activity: 3808

Merit: 1219

Quote from: BITCOINERSEJATI on June 08, 2015, 12:35:01 AM

If in future if Bitcoin down and no one interesting bitcoin (after POW END)
we have done a waste
burn listric energy to get anything

You can't call it as a wastage. There is a chance that in the near future, Bitcoins will be replaced by another crypto-currency. Similar incidents happen with fiat currency also. For example, in April 2009, Zimbabwe decided to abandon its currency (Zimbabwean dollar) and made US Dollar the official currency. Another example is the Ecuadorian sucre, which was abandoned in 2000.

andulolika

legendary

Activity: 2366

Merit: 1048

I guess bitcoin, hopefully im right.

expert4knowledge

hero member

Activity: 826

Merit: 1000

The All-in-One Cryptocurrency Exchange

I think converting all of your wealth ro one basket is strategic mistake and you may discuss share of each baske

salek11

sr. member

Activity: 271

Merit: 250

Bitcoin is generally as a cryptocurrency, because it uses cryptography to handle both the creation, payment and the transfer of money..
Gold isn't used for very much. Mostly just a store of value by shared represents... Cry

BITCOINERSEJATI

full member

Activity: 168

Merit: 100

Quote from: bryant.coleman on June 07, 2015, 10:22:13 PM

Quote from: BITCOINERSEJATI on June 07, 2015, 09:49:17 PM

i agree with you
bitcoin mining is better than gold mine

but we can't rule how many electric energy we use to mine bitcoin

Right now, the electricity consumption for Bitcoin mining is not that big. But the scenario can change, if the price of Bitcoin increases. For example, if the exchange rates increase to $10,000, the competition will also increase. People will be willing to spend electricity worth $8,000, to get Bitcoins worth some $10,000. So can't speak about the future. Grin

If in future if Bitcoin down and no one interesting bitcoin (after POW END)
we have done a waste
burn listric energy to get anything

Cheesy

bryant.coleman

legendary

Activity: 3808

Merit: 1219

Quote from: BITCOINERSEJATI on June 07, 2015, 09:49:17 PM

i agree with you
bitcoin mining is better than gold mine

but we can't rule how many electric energy we use to mine bitcoin

Right now, the electricity consumption for Bitcoin mining is not that big. But the scenario can change, if the price of Bitcoin increases. For example, if the exchange rates increase to $10,000, the competition will also increase. People will be willing to spend electricity worth $8,000, to get Bitcoins worth some $10,000. So can't speak about the future. Grin

BITCOINERSEJATI

full member

Activity: 168

Merit: 100

Quote from: bryant.coleman on June 07, 2015, 09:45:06 PM

Quote from: manselr on June 07, 2015, 04:50:46 PM

Gold mining will be eventually banned. One can only mine gold that far, until it becomes a serious geographic problem. I always laugh at the gold people that say "oh, Bitcoin is such a waste of energy and bad for the environment". Lol, how people can say that when mining of gold is a total disaster everytime it happens and it will increasingly get worse.

Gold mining will never be banned, as almost all the countries around the world are looking to increase their gold holdings. Two of the largest gold producers in the world (Russia and China) are currently increasing their gold reserves, and most of the mine gold production in these countries are being bought by the central banks.

And talking about pollution, iron-ore mining and coal mining are far more polluting when compared to gold mining.

i agree with you
bitcoin mining is better than gold mine

but we can't rule how many electric energy we use to mine bitcoin

bryant.coleman

legendary

Activity: 3808

Merit: 1219

Quote from: manselr on June 07, 2015, 04:50:46 PM

Gold mining will be eventually banned. One can only mine gold that far, until it becomes a serious geographic problem. I always laugh at the gold people that say "oh, Bitcoin is such a waste of energy and bad for the environment". Lol, how people can say that when mining of gold is a total disaster everytime it happens and it will increasingly get worse.

Gold mining will never be banned, as almost all the countries around the world are looking to increase their gold holdings. Two of the largest gold producers in the world (Russia and China) are currently increasing their gold reserves, and most of the mine gold production in these countries are being bought by the central banks.

And talking about pollution, iron-ore mining and coal mining are far more polluting when compared to gold mining.

manselr

legendary

Activity: 868

Merit: 1006

Quote from: bryant.coleman on June 06, 2015, 12:56:48 PM

Quote from: Error404 on June 05, 2015, 06:30:51 AM

But mining gold is not a good for our mother earth some mining company abused mining they not follow rules for mining golds they infringed the law and the affected for this mining was our mother earth look earth some calamities was a huge and no mercy calamity its affects people whos not suitable for the punishment of our nature

Mining of gold, if done properly, will not have a huge impact on nature. With advanced technology, it is possible to treat the cyanide waste which is produced as a result. However, the wild-cat mines (such as those in Brazilian and Peruvian Amazon, and Indonesia) dumps huge amounts of mercury in to the ecosystem, and causes deforestation.

Gold mining will be eventually banned. One can only mine gold that far, until it becomes a serious geographic problem. I always laugh at the gold people that say "oh, Bitcoin is such a waste of energy and bad for the environment". Lol, how people can say that when mining of gold is a total disaster everytime it happens and it will increasingly get worse.

bryant.coleman

legendary

Activity: 3808

Merit: 1219

Quote from: Error404 on June 05, 2015, 06:30:51 AM

But mining gold is not a good for our mother earth some mining company abused mining they not follow rules for mining golds they infringed the law and the affected for this mining was our mother earth look earth some calamities was a huge and no mercy calamity its affects people whos not suitable for the punishment of our nature

Mining of gold, if done properly, will not have a huge impact on nature. With advanced technology, it is possible to treat the cyanide waste which is produced as a result. However, the wild-cat mines (such as those in Brazilian and Peruvian Amazon, and Indonesia) dumps huge amounts of mercury in to the ecosystem, and causes deforestation.

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: PryptoMontreal on June 04, 2015, 06:58:46 AM

Gold is way better investment. Gold can be used to make jewelries and other stuffs and you can show off but can't do much with bitcoins. If the matter is of price rise, both need patience. We can't predict how will prices vary in future.

bitcoin technology can be used too for something useful besides being an asset and nothing else as may you think, for example it is possible to build many infrastructure on the top of the blochchain, like sidechains that could be used in certain business to speed up the confirmation if they need it, or you can build something like etherium, everything that could make better the virtual world could be build there and enhanced

so no, bitcoin isn't just a thing to trade and nothing else, it's the instrument of a great technology that will be valued more in the future and used everywhere for something useful

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Error404 on June 05, 2015, 06:30:51 AM

Quote from: nayakayush2 on June 05, 2015, 06:16:46 AM

Few things that you should keep in mind
Gold has a long history as a storage of wealth. Gold price very much relates to the confidence of the Dollar/price of oil.
There is some speculation being priced-in to the current price of Bitcoin. The technology looks promising, but whether it will go mainstream in the short/long term as a storage of wealth or as a currency remains to be seen.

but mining gold is not a good for our mother earth some mining company abused mining they not follow rules for mining golds they infringed the law and the affected for this mining was our mother earth look earth some calamities was a huge and no mercy calamity its affects people whos not suitable for the punishment of our nature

Do you really think that the electricity that you mine your bitcoins with comes from nowhere, and its production doesn't charge its toll on "mother earth"?

Was it a bot gone awry posting?

Error404

newbie

Activity: 14

Merit: 0

Quote from: nayakayush2 on June 05, 2015, 06:16:46 AM

Few things that you should keep in mind
Gold has a long history as a storage of wealth. Gold price very much relates to the confidence of the Dollar/price of oil.
There is some speculation being priced-in to the current price of Bitcoin. The technology looks promising, but whether it will go mainstream in the short/long term as a storage of wealth or as a currency remains to be seen.

but mining gold is not a good for our mother earth some mining company abused mining they not follow rules for mining golds they infringed the law and the affected for this mining was our mother earth look earth some calamities was a huge and no mercy calamity its affects people whos not suitable for the punishment of our nature

Fat Ronaldo

member

Activity: 64

Merit: 10

Quote from: Error404 on June 05, 2015, 06:02:32 AM

Quote from: PryptoMontreal on June 04, 2015, 06:58:46 AM

Gold is way better investment. Gold can be used to make jewelries and other stuffs and you can show off but can't do much with bitcoins. If the matter is of price rise, both need patience. We can't predict how will prices vary in future.

Hahahahaha Why are you continuing reply/post to the other person ? if bitcoin waste your time bitcoin is also wasting time for you because you join in this community because you want and no one force you to join this and dont blame bitcoin for wasting your time

He's probably just trolling but I think bitcoin is a much better investment and also a far superior currency. True, gold has intrinsic value but you can't really use it to buy things nor can you send it around the world in seconds. It has it's use as jewelry etc but who really cares about having gold jewelry?

nayakayush2

newbie

Activity: 2

Merit: 0

Few things that you should keep in mind
Gold has a long history as a storage of wealth. Gold price very much relates to the confidence of the Dollar/price of oil.
There is some speculation being priced-in to the current price of Bitcoin. The technology looks promising, but whether it will go mainstream in the short/long term as a storage of wealth or as a currency remains to be seen.

Topic: Bitcoin or gold? - page 554. (Read 984547 times)