Bitcoin or gold? - page 562. | Bitcointalksearch.org

GreenStox

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Quote from: deisik on April 23, 2015, 03:44:51 AM

Quote from: GreenStox on April 23, 2015, 03:34:18 AM

Quote from: deisik on April 22, 2015, 09:44:42 AM

If you think deeper about this, you will inevitably agree that it takes just "1 court order on some bogus charge" to put you in jail or even worse than that. Will 10 multisig wallets help you anyhow in this case? The weakest link is the man himself, not gold or bitcoin...

It wont save you from jail but it will save your wealth. If you are a victim of a political thing in a tyranical country then they can take all your wealth.

99% of populace (save for some die-hards maybe) will eagerly tell all their multisig wallets once they get into a serious scrape. Also, what will your wealth do for you if you are in jail and will probably spend there the rest of your life? And the chances for bitcoin to be outlawed are much higher than for gold...

The point of the multisig is that multiple people sign the transactions. Say you have 6 friends all around the world that you trust, so you will need 3 out of 6 to make a transaction, pretty good way to store wealth.

Also let's be serious, life inprisonment for holding bitcoins? Thats bullshit tyrrany, if people put up with that, then they really deserve it.

And actually chances are much higher for gold to be outlawed, it was outlawed many times already in USA and communist countries. Bitcoin hasnt.

deisik

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Quote from: GreenStox on April 23, 2015, 03:34:18 AM

Quote from: deisik on April 22, 2015, 09:44:42 AM

If you think deeper about this, you will inevitably agree that it takes just "1 court order on some bogus charge" to put you in jail or even worse than that. Will 10 multisig wallets help you anyhow in this case? The weakest link is the man himself, not gold or bitcoin...

It wont save you from jail but it will save your wealth. If you are a victim of a political thing in a tyranical country then they can take all your wealth.

99% of populace (save for some die-hards maybe) will eagerly tell all their multisig wallets once they get into a serious scrape. Also, what will your wealth do for you if you are in jail and will probably spend there the rest of your life? And the chances for bitcoin to be outlawed are much higher than for gold...

GreenStox

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Quote from: deisik on April 22, 2015, 09:44:42 AM

If you think deeper about this, you will inevitably agree that it takes just "1 court order on some bogus charge" to put you in jail or even worse than that. Will 10 multisig wallets help you anyhow in this case? The weakest link is the man himself, not gold or bitcoin...

It wont save you from jail but it will save your wealth. If you are a victim of a political thing in a tyranical country then they can take all your wealth.

I remember there was a case when a millionaire went to a massively corrupt south american country and for some reason the local government didnt liked him and stole all his wealth. Now he got out safely from the country but his house and all his bank account was emptied.

If he would have held gold in that case he would have lost it too. But not if it was in bitcoin

deisik

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Quote from: GreenStox on April 21, 2015, 07:35:09 AM

Yes definitely it is. You can just have 10 multisig wallets and spread out your coins between them, all kept offline, on a hidden & encrypted container. Let's see what government gets those coins.

In case of gold, there is no vault safe on Earth that is safe from government, it takes 1 court order on some bogus charge and your gold is confiscated, along with everyone elses gold.

If you think deeper about this, you will inevitably agree that it takes just "1 court order on some bogus charge" to put you in jail or even worse than that. Will 10 multisig wallets help you anyhow in this case? The weakest link is the man himself, not gold or bitcoin...

GreenStox

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Quote from: daoneway on April 22, 2015, 09:25:49 AM

silver

Silver is the same as gold only with a bigger ROI potential.

Here is my guide:

=================================================================

If you look for tangibility & small ROI : Gold

If you look for tangibility & big ROI : Silver

If you look for intangibility & huge ROI : Bitcoin

If you look for intangibility & extreme get rich quick ROI : A lucky altcoin that has 100$ market cap, buy now and hope it goes to 1 billion $ later.

daoneway

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silver

umair01

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I would suggest you to invest in both bitcoins and gold instead of keeping all your eggs in one basket, diversification is the key for good success, without doubt bitcoin will yield you the highest returns if you hold it for several more years, golds value will also not depreciate much atleast will increase a little bit more, I will suggest that invest some in bitcoins and some in gold like 50/50.

GreenStox

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Quote from: deisik on April 19, 2015, 02:00:43 PM

Quote from: GreenStox on April 18, 2015, 10:23:18 PM

Gaw miners is nothing like the scam the wallstreet banksters roll out. The gold certificate scam is a 500 billion $ scam.

I dont think any bitcoin scammer has defrauded anybody that much. So put things in perspective before you say shit like that.

You can always buy physical gold if you feel need to. Regarding confiscating gold by government, I can only send you where I sent the other poster, that is, to find out the gold distribution...

I'm curious whether you really think that gold is more vulnerable than bitcoin in this respect?

Yes definitely it is. You can just have 10 multisig wallets and spread out your coins between them, all kept offline, on a hidden & encrypted container. Let's see what government gets those coins.

In case of gold, there is no vault safe on Earth that is safe from government, it takes 1 court order on some bogus charge and your gold is confiscated, along with everyone elses gold.

Or if you keep the gold buried in your backyard its even worse, nasty neighbors could be informers, in case a gold ban happens. And if you try to move it out from the country, the border guards might have a few words with you.

Keeping wealth so concentrated is a risk by itself, and gold has a very high concentration of $/cm^2. The more spread out the wealth is, the less risky. Unless you want to keep your gold in gold dust scattered on a beach (good luck collecting it afterwards), I would not hold alot of gold.

So maybe a few bars in some Switzerland vault, but not all my wealth.

BTCevo

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Quote from: sana54210 on April 20, 2015, 11:01:50 AM

Quote from: tkbx on March 09, 2014, 02:21:54 PM

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I would have to invest 60% in bitcoins and 40% in gold as gold is not going to grow very high in the coming 10 years, whereas bitcoin is still young and the day many peoples tart adopting it, the value of bitcoin is sure to go very high.

Who said gold wouldnt go high? Did you see this past few years how much for 1 gram of gold and how much now? Did you see the different? Gold always going up with the time and if drop it wouldnt drop so significantly. Bitcoin value is so volatile so we can't predict the value 10 years later how much it will become so to be safe better save gold for now or may be you can save 60% gold 40% of bitcoin

CoinTop

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Gold - keeps it value if not goes up over time.

Bitcoin - can collapse in price over night but could also go up ten times as much, just a gamble with bitcoins.

I would go with gold myself.

Salomon12

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I think that I would probably have 80% in Gold and 20% in Bitcoin.

With so many stories of "post apocalyptic" and "doomsday" happening, even I have started to wonder what will happen. I am no doomsday prepper with stacks of food but I do really wonder the possibilities that could happen if chaos did erupt. Is my bit coin going to be useful in such a time or prosper if we go into technological future.

sana54210

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Quote from: tkbx on March 09, 2014, 02:21:54 PM

If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

I would have to invest 60% in bitcoins and 40% in gold as gold is not going to grow very high in the coming 10 years, whereas bitcoin is still young and the day many peoples tart adopting it, the value of bitcoin is sure to go very high.

deisik

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Quote from: GreenStox on April 18, 2015, 10:23:18 PM

Gaw miners is nothing like the scam the wallstreet banksters roll out. The gold certificate scam is a 500 billion $ scam.

I dont think any bitcoin scammer has defrauded anybody that much. So put things in perspective before you say shit like that.

You can always buy physical gold if you feel need to. Regarding confiscating gold by government, I can only send you where I sent the other poster, that is, to find out the gold distribution...

I'm curious whether you really think that gold is more vulnerable than bitcoin in this respect?

GreenStox

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Quote from: deisik on April 18, 2015, 04:22:47 AM

Quote from: GreenStox on April 17, 2015, 03:59:17 PM

Quote from: deisik on April 17, 2015, 05:30:36 AM

Quote from: randy8777 on April 17, 2015, 04:57:29 AM

Quote from: Sithara007 on April 17, 2015, 04:20:36 AM

But one doesn't have to buy physical gold in order to invest in Gold. You can buy virtual gold. I mean gold mutual fund or gold etf. They are easily trad able in share market.

trading virtual gold is like buying air. you invest money in something you don't own. which you can't compare to bitcoin. if i buy 1 btc i have it in my wallet. if you buy virtual gold....tell me what do i own?

You can go into physical as easily as into paper gold, provided you have enough money. Physically settled gold futures are traded alongside with cash settled ones. If you want to discredit gold somehow, you are obviously aiming at the wrong target...

Quote from: Sithara007 on April 17, 2015, 04:20:36 AM

But one doesn't have to buy physical gold in order to invest in Gold. You can buy virtual gold. I mean gold mutual fund or gold etf. They are easily trad able in share market.

Gold certificates , ETF's, gold Stocks, are ponzi schemes. There are 1000x more gold derivatives in circulation than actual gold.

When the price of gold rises, and people will want to exchange their certificate into physical gold, there wont be any and they will lose their investment.

Keep your facts straight. Until now we've seen by far more scams and frauds in bitcoin than gold. Actually, every other bitcoin business scams in the end, GAW Miners being the most conspicuous example as of recent that I heard of. I hope no one in a sober state of mind is going to argue this...

Gaw miners is nothing like the scam the wallstreet banksters roll out. The gold certificate scam is a 500 billion $ scam.

I dont think any bitcoin scammer has defrauded anybody that much. So put things in perspective before you say shit like that.

GreenStox

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Quote from: waterpile on April 18, 2015, 01:26:58 AM

Quote from: GreenStox on April 17, 2015, 06:25:12 PM

Bitcoin all the way guys, gold can be stolen so easily and you have no guarantees with it, bitcoin is safe and have alot more room to go up than gold.

I don't think you can easily rob a bank with a huge gold stashed in it. Bitcoin is also not safe because you're still gonna risk of hoping that it will go up

Guys its not the petty criminal with socks on his head that robs the banks.

But rather the government,it takes 1 court order and all your gold in the vaults is confiscated along with everyone elses gold.

The government will came up with an excuse like "national emergency" or whatever in a financial collapse, and it will just take out the gold from your vault.

Will the vault say no to the government? Don't think so, they got tanks and soldiers you know...

bryant.coleman

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Quote from: waterpile on April 18, 2015, 01:26:58 AM

Quote from: GreenStox on April 17, 2015, 06:25:12 PM

Bitcoin all the way guys, gold can be stolen so easily and you have no guarantees with it, bitcoin is safe and have alot more room to go up than gold.

I don't think you can easily rob a bank with a huge gold stashed in it. Bitcoin is also not safe because you're still gonna risk of hoping that it will go up

Hmm... such bank robberies have occurred in the past. But I have to admit that they are quite rare. Moreover, robbery is more of a concern with Bitcoin, than it is with physical gold.

deisik

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Quote from: GreenStox on April 17, 2015, 03:59:17 PM

Quote from: deisik on April 17, 2015, 05:30:36 AM

Quote from: randy8777 on April 17, 2015, 04:57:29 AM

Quote from: Sithara007 on April 17, 2015, 04:20:36 AM

But one doesn't have to buy physical gold in order to invest in Gold. You can buy virtual gold. I mean gold mutual fund or gold etf. They are easily trad able in share market.

trading virtual gold is like buying air. you invest money in something you don't own. which you can't compare to bitcoin. if i buy 1 btc i have it in my wallet. if you buy virtual gold....tell me what do i own?

You can go into physical as easily as into paper gold, provided you have enough money. Physically settled gold futures are traded alongside with cash settled ones. If you want to discredit gold somehow, you are obviously aiming at the wrong target...

Quote from: Sithara007 on April 17, 2015, 04:20:36 AM

But one doesn't have to buy physical gold in order to invest in Gold. You can buy virtual gold. I mean gold mutual fund or gold etf. They are easily trad able in share market.

Gold certificates , ETF's, gold Stocks, are ponzi schemes. There are 1000x more gold derivatives in circulation than actual gold.

When the price of gold rises, and people will want to exchange their certificate into physical gold, there wont be any and they will lose their investment.

Keep your facts straight. Until now we've seen by far more scams and frauds in bitcoin than gold. Actually, every other bitcoin business scams in the end, GAW Miners being the most conspicuous example as of recent that I heard of. I hope no one in a sober state of mind is going to argue this...

waterpile

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Quote from: GreenStox on April 17, 2015, 06:25:12 PM

Bitcoin all the way guys, gold can be stolen so easily and you have no guarantees with it, bitcoin is safe and have alot more room to go up than gold.

I don't think you can easily rob a bank with a huge gold stashed in it. Bitcoin is also not safe because you're still gonna risk of hoping that it will go up

Sithara007

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Quote from: randy8777 on April 17, 2015, 04:57:29 AM

Quote from: Sithara007 on April 17, 2015, 04:20:36 AM

Quote from: Amph on April 17, 2015, 03:27:56 AM

Quote from: GreenStox on April 17, 2015, 01:35:46 AM

Quote from: twister on April 17, 2015, 12:18:36 AM

Quote from: Hazir on April 16, 2015, 11:30:08 PM

trading virtual gold is like buying air. you invest money in something you don't own. which you can't compare to bitcoin. if i buy 1 btc i have it in my wallet. if you buy virtual gold....tell me what do i own?

Just like you have Bitcoin in wallet, you will have gold in your Demat account. If you think having bitocin in your wallet is real then having gold in your demat account is also real that is as real as physical gold. One can even take the delivery of physical gold whenever he or she wants.

BTCevo

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Quote from: leen93 on April 17, 2015, 05:51:02 PM

This is quite simple.
Ask yourself which commodity you are more likely to make money with.

Gold will relatively be at the same price range in 10 years gave or take $500.
You are also very unlikely to lose your money once invested in gold.

Bitcoin is extremely volatile and unpredictable.
The value can skyrocket, making you very rich with a sizable investment.
It can also make you go completely broke, if the market eventually decides to reject it.

Each of them also have a advantages and disadvantages. It's just how are you going to face with it. But from what I know that gold is always higher and higher and its hard to suddenly drop so its better to save gold more rather than bitcoin. If you save bitcoin for too long may be someday it will be drop drastically

Topic: Bitcoin or gold? - page 562. (Read 984448 times)