Bitcoin or gold? - page 564. | Bitcointalksearch.org

deisik

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Quote from: aso118 on April 13, 2015, 07:15:42 PM

Quote from: deisik on April 13, 2015, 11:02:09 AM

Why do you think gold will get rarer with time? It doesn't age, its production is pretty consistent through years (actually, slowly increasing). If you say that there are more people on the planet and thus less gold per capita, then you should take into consideration actual demand for it (meaning that even if it does become rarer, there maybe still less demand for it nevertheless)...

A significant portion of the gold produced is bought by central banks and institutions which do not intend to resell them. This gold is effectively removed from the market. Once gold production decreases (it eventually will, when existing gold mines run out of gold), there will be an imbalance in demand-supply. There will be demand for gold from jewellers and from people who don't trust central banks (and bitcoins. Tongue

)

To say that gold will become rarer since gold mines will run out of gold one day seems to me wishful thinking of the same kind that bitcoin will hit 1 million dollar mark another day. It may indeed happen, but personally I wouldn't hope for that (meaning that such a possibility wouldn't in the least affect my economic decisions)...

Why did they not run out of gold some fifty years ago already?

Sithara007

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Quote from: bitjoint on March 09, 2014, 01:23:19 PM

Both

For me I will not put all my eggs in one basket. I will invest 80% in Gold and 20% in Bitcoin, if that possible.

aso118

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Quote from: deisik on April 13, 2015, 11:02:09 AM

Why do you think gold will get rarer with time? It doesn't age, its production is pretty consistent through years (actually, slowly increasing). If you say that there are more people on the planet and thus less gold per capita, then you should take into consideration actual demand for it (meaning that even if it does become rarer, there maybe still less demand for it nevertheless)...

A significant portion of the gold produced is bought by central banks and institutions which do not intend to resell them. This gold is effectively removed from the market. Once gold production decreases (it eventually will, when existing gold mines run out of gold), there will be an imbalance in demand-supply. There will be demand for gold from jewellers and from people who don't trust central banks (and bitcoins. Tongue

)

manselr

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Quote from: sukamasoto on April 13, 2015, 11:29:46 AM

Still prefer gold.
Something that exist in our world but it's hard to find it. Gold also have a stable price over many years

Bitcoin still unstable and unpredictable. So it can't be use for long term investment

Bitcoin has endless advantages over gold and makes sense for long term, precisely for that.
People get rich by taking risks in new exciting stuff and Bitcoin makes sense.
Gold is for the already rich, to store wealth in a boring stuck price.
Also in the long term, Gold has fluctuated a lot as well anyway.

sukamasoto

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Still prefer gold.
Something that exist in our world but it's hard to find it. Gold also have a stable price over many years

Bitcoin still unstable and unpredictable. So it can't be use for long term investment

deisik

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Quote from: qiwoman2 on April 13, 2015, 02:28:38 AM

I believe that as gold gets rarer I would want to have some as part of my portfolio but I also would like to hold bitcoin as for liquidity purposes it is easier to exchange it to other assets fast, plus I believe in the new technology and what it can offer Mankind in general over the next few decades. So a bit of both would be wise to hold at this present time.

Why do you think gold will get rarer with time? It doesn't age, its production is pretty consistent through years (actually, slowly increasing). If you say that there are more people on the planet and thus less gold per capita, then you should take into consideration actual demand for it (meaning that even if it does become rarer, there maybe still less demand for it nevertheless)...

Synister

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because I was the one who wanted to be able to profit quickly so I chose Bitcoin.
If for long-term investment, I chose gold as the more famous and more robust

qiwoman2

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I believe that as gold gets rarer I would want to have some as part of my portfolio but I also would like to hold bitcoin as for liquidity purposes it is easier to exchange it to other assets fast, plus I believe in the new technology and what it can offer Mankind in general over the next few decades. So a bit of both would be wise to hold at this present time.

KimNam

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for long term investment, i prefer gold over bitcoin
Gold has proven to be an investment for years, and and the value of gold has always been able to keep abreast of inflation during this time
here in the east, gold is always become number one choice in investment portfolio
bitcoin prices have dropped more than 50% since last year Sad

that's why only few people invest their wealth on bitcoin (for long term investment)
but for transaction, trading (and speculating), i'm sure i'll choose bitcoin Cheesy

GreenStox

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Quote from: deisik on April 10, 2015, 04:41:17 AM

Quote from: ?? on ??

Bitcoin's biggest advantage over Gold: Its purely virtual and can thus be sent over the net to anywhere in an instant.

This advantage can easily turn into a devastating disadvantage if something disrupts the net integrity even for a short time span. Just think about the extent of chaos that would be unleashed if two different copies of the blockchain begin competing with each other...

Not much since people only hold their blockchain which they have their money on. Why would i switch to another blockchain if i already got like 100 bitcoin?

If other people who dont hold bitcoins would switch to that, then that blockchain is not bitcoin by definition, its an altcoin.

deisik

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Quote from: ?? on ??

Bitcoin's biggest advantage over Gold: Its purely virtual and can thus be sent over the net to anywhere in an instant.

This advantage can easily turn into a devastating disadvantage if something disrupts the net integrity even for a short time span. Just think about the extent of chaos that would be unleashed if two different copies of the blockchain begin competing with each other...

p.nusia

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both

crazyearner

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I would be doing both along with silver and any other metals that hold value and will have demands for in the future and less supply of it. Bitcoin nice and cheap and has passed gold prices many times you could do buy bitcoin sell for gold and gain more gold hold stock of gold then sell when that goes up and buy bitcoin when its on the down side making a double hit on both.

aurel57

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I would take physical gold over BTC for sure. What if the earth gets hit with a all time huge Solar flare which shuts down the electric grid for months or even a year...what good are those bitcoins going to do you? Gold in hand could be a life saver

gugel8989

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A difficult choice. Gold is probably harder to sell nowadays than Bitcoin and much harder to hold and transport. I'd have to constantly worry that my brick gets stolen. Bitcoin on the other hand can be kept safe on paper wallets and multiple encrypted drives. The problem with it however is that the technology may be replaced by something better. I'd probably play big and risk it all with Bitcoin. It has much greater chance of gaining value.

Q7

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Quote from: ?? on ??

BTC's "intrinsic value": The VALUE is in the NETWORK.
Over 1000 nodes with more computational power than a 300-400 super computers. Did I tell you the transactions costs are just about free?

The value is basically just a number which between you, me and the rest of the community agrees on to pay each other. It's nothing more than just a bunch of integers expressed and measured in the eye of the beholder. Even though the network currently supports the bitcoin infrastructure, if nobody thinks it is important, it will still mean nothing. And why we think bitcoin is important is basically the technology and innovation behind it.

GreenStox

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Quote from: majeis on April 05, 2015, 08:19:08 PM

Both. Get 24k physical bitcoins for humor value and nostalgia.

Wow now thats original. I wish i could thumb up your post.

However that is only gold, you dont own bitcoin that way, just a bitcoin shaped gold coin Cheesy

AlexGR

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Quote from: ?? on ??

The problem with Gold, as real as it is, is that most people would rather carry around slips of paper that represent gold promises, than the actual gold itself. There's also significant risk in securing/hiding it if you amase any reasonsable amount.

Do you find it strange or what? Gold is simply too valuable. Let's say you have a gold coin worth $100, how do you buy anything with that? It's not like you can cut it in half at any time Tongue

That was the normal in the 1800's. But silver was used for the smaller denominations.

Copper + Copper/nickel = ultra small denominations (1,2,5c)
Silver = small denominations (10c-1$)
Gold = large denominations (2.5-20$)

GreenStox

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The main problem with gold is that when SHTF governments will confiscate them just as private pensions and checking accounts, they will all be robbed, so gold as physical and heavy it is, its very exposed to thief criminals.

mrhelpful

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Its better to know you`ll get an actual interest rate, then not knowing if you wont get one or not.

The gold can be your fixed income, allowing you to buy more if you want or take losses on the bitcoin you already have bought.

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