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Topic: Bitcoin or Gold? What would you pick? - page 160. (Read 299008 times)

legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 04, 2014, 11:23:53 AM
Bitcoin will be banned until they find it's more lucrative to legalize and tax. It's as simple as that.

If Bitcoin is recognized and made legal throughout the world, this ban will look both ridiculous and absurd... Why not then prohibit all other currencies from possession and trade as had been made under the Soviets (with a threat of death penalty for holding just 100 dollars)? Roll Eyes
hero member
Activity: 778
Merit: 1002
August 04, 2014, 10:50:49 AM
Bitcoin will be banned until they find it's more lucrative to legalize and tax. It's as simple as that.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 04, 2014, 01:19:16 AM
Bitcoin is a gold of future

Yes, it's banned in Russia... Grin
legendary
Activity: 840
Merit: 1000
August 03, 2014, 10:27:04 PM
Bitcoin is a gold of future
legendary
Activity: 1358
Merit: 1000
August 03, 2014, 08:51:07 PM
I will take away the BTC . BTC than gold more valuable.
gold bull market has come to an end, the crazy BTC has only just begun

Gold is a buy; it is reliable and wanted, it is very scarce and has proven itself through time

Bitcoin is a buy as well obviously!

It is the proportion of gold vs BTC in your portfolio which counts.  Smiley
legendary
Activity: 1918
Merit: 1018
August 03, 2014, 05:56:42 PM
I will take away the BTC . BTC than gold more valuable.
gold bull market has come to an end, the crazy BTC has only just begun

Gold is a buy; it is reliable and wanted, it is very scarce and has proven itself through time

Bitcoin is a buy as well obviously!
newbie
Activity: 56
Merit: 0
July 26, 2014, 11:10:17 AM
If you are gambler and prefer risk - BTC. If you would like to stay on safe side - gold. If you somewhere in between - both.
full member
Activity: 232
Merit: 100
July 26, 2014, 11:02:37 AM
I will take away the BTC . BTC than gold more valuable.
gold bull market has come to an end, the crazy BTC has only just begun
hero member
Activity: 742
Merit: 526
July 25, 2014, 02:23:39 PM
100% have to go with bitcoin on this one!

It is better to diversify its assets : some Gold, some Bitcoin, some natural ressources companies

And a couple of banks would do as well! Wink
hero member
Activity: 778
Merit: 1002
July 25, 2014, 10:48:32 AM
The upside to bitcoin far outweighs gold. Gold is also far more expensive to secure. I can have multiple encrypted copies of my bitcoin wallet in totally insecure places, and don't care if any of them get taken.
legendary
Activity: 1358
Merit: 1000
July 25, 2014, 10:46:14 AM
Some gold, to keep the ladies in the family happy.   Smiley
Remaining  BTC
legendary
Activity: 1918
Merit: 1018
July 25, 2014, 10:23:43 AM
100% have to go with bitcoin on this one!

It is better to diversify its assets : some Gold, some Bitcoin, some natural ressources companies
sr. member
Activity: 322
Merit: 250
July 24, 2014, 07:07:58 AM
Bitcoin is too risky compared to Gold, but it can lead to massive gains compared to Gold. So 50/50.
sr. member
Activity: 252
Merit: 250
July 24, 2014, 06:52:27 AM


It came to this point last year but its recovering..
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
July 24, 2014, 06:43:20 AM
100% have to go with bitcoin on this one!

Bitcoin has more upside potential but Gold seem like a very safe/potentially high rewarding investment; it won't go down 80% easily

Even if it goes 20% south, it will be the right time to buy it long. Gold average cost of production is around $1,000 (may be even higher than that), so it can't possibly go lower than this number for any long period now... Cool
legendary
Activity: 1918
Merit: 1018
July 24, 2014, 05:52:40 AM
100% have to go with bitcoin on this one!

Bitcoin has more upside potential but Gold seem like a very safe/potentially high rewarding investment; it won't go down 80% easily
full member
Activity: 210
Merit: 100
★☆★ 777Coin - The Exciting Bitco
July 24, 2014, 01:10:41 AM
100% have to go with bitcoin on this one!
full member
Activity: 238
Merit: 106
July 23, 2014, 01:56:29 PM
Smart traders allways say to diversify you portfolio...

The BEST strategy.

...where is bitcoin going, and will it be allowed to take the next leap.

Dell.com now accepts bitcoin, I assume the CEO of Dell, having a personal net worth of ~15 billion, is rather well "connected".

So I am assuming bitcoin IS being allowed to take that next leap.
full member
Activity: 238
Merit: 106
July 23, 2014, 01:23:01 PM
Gold is one of the best electric conductors out there (being only the second best after silver, if I'm not mistaken).

Good old Copper beats it, but gold is favorable for switches and connectors or extremely thin wires due to it's higher corrosion resistance.

Resistivity (Ω across faces of 1m³ cube)

Carbon (graphene)    1×10−8
Silver    1.59×10−8
Copper    1.68×10−8
Gold    2.44×10−8
Aluminium 2.82×10−8
Calcium 3.36×10−8
Tungsten 5.60×10−8

So, if you can't get out of the noise, you've been had and are playing with a fake gold bar. Cheesy

I mean measurement noise.

A tungsten loaded bar can be thought of as a short stubby wire. A tungsten core surrounded by quite a thick gold sheath.

If you take any high impedance resistance measurement (like a multimeter) then the difference in resistance will be buried deep within the noise, you could amplify the voltage signal as much as you like but no good relative measurements could be made, you would only find noise.

I don't think a resistance test could be accomplished using simple push contact probes.

The cross sectional area of a 400 Oz bar is ~0.0036 M²
The length of a 400 Oz bar is ~0.2 M

So its resistance end to end is ~=  ( 2.44*10-8  * 0.2 ) /  0.0036 ~= 5.6 * 10-7 Ω  that's 560 nΩ

A tungsten loaded bar would be on the order of 700 nΩ

To bring the resistance reading into a range where one could detect a tungsten core you would have to push significant current through that bar, in the order of 10A or more if you had the most sensitive galvanometer on a Wheatstone bridge. Plus the apparatus would need good environment control ( whole apparatus as same temperature ).

You would need a known interface layer at each end. Otherwise you could take a measurement and see a relativley higher resistance but that might just be a relativley poor connection on one end.

Machining flat areas is needed to give a known electrical interface when dealing below µΩ, the flatness reuired would not be super flat optical though as you could apply pressure to the contact blocks and take advantage of golds high malleability.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
July 23, 2014, 12:54:06 PM
Smart traders allways say to diversify you portfolio, so im 30% in EUR, 30% in bitcoin, and im using remaining 40% for short term trades, 0% in gold, simply because i believe its overrated.
If the markets show stronger tentions in crypto, im prepared to sell half of my bitcoin holdings, as some kind of a stop loss.
By the end of the year, it will be more clear on the question where is bitcoin going, and will it be allowed to take the next leap.
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