Topic: BTC vs physical gold price potential - page 3. (Read 574 times)

When I mentioned a hack I was referring to a previous ledger hack, mentioned on a popular informative crypto channel Coin Bureau with more than 2 million subscribers. https://www.youtube.com/watch?v=0J6YOKhpDWg&t=8s

While address poisoning and hacking are not exactly the same thing, in my opinion it goes very far that outsiders are able to change the transaction history inside an official app. That does not happen in regular banking apps (not that I am in favour of them), I assume because they are protected against it.
I think you know that this shouldn't happen. And I think it's quite easy to call people who fall for this stupid and ignorant. Everyone was once a beginner with hardware wallets. So were you.

Imagine a scammer changing your recent transaction history in your regular banking app.
I assume you use it regularly like everyone else. I copy paste previous receivers regularly because I trust that the history was not changed.
If those addresses were changed by a scammer, operating inside a regular banking app (not downloaded from some fishy website) I don't think anyone would accept that and many people would fall victim. The user I mentioned is not a beginner.

I get fake emails from people posing as bank clerks. Phone calls, text messages. I don't fall for any of that.
But scammers being able to change the transaction history in an official app goes very far, in my opinion.

I'm not very tech savvy, that is true. But I'm not some dumbass.

Both are important asset elements to get, of course those who are aware of technological progress and the world see the potential of Bitcoin, Gold is a good investment and it looks real, not much different from Bitcoin but where Bitcoin looks real and it is in Digital Form, but what has become the dominant world investors with the development of technology and the popularity of Bitcoin now many people are jumping in to invest in Bitcoin.

Your understanding of it all is too superficial to spread awareness. Address poisoning is a social engineering scheme designed to trick you to send scammers your coins. The victim is the one doing the sending, the scammers just set the traps. Those who know how to use bitcoin and crypto properly and how to work with different wallets, have no reasons to be worried. Those who don't, should learn before it's too late, and they lose money to whatever trick scammers come up with next.

Address poisoning is not the fault of any software or hardware wallet manufacturer. It's a feature someone learned to take advantage of due to the way the underlying networks for certain coins work. 

Before bitcoin, people tended to invest in gold.
But after there was bitcoin, people started investing in bitcoin, especially those who realized there was a technological change in the world and saw the potential of bitcoin.
I would also choose bitcoin and gold as investments because they both maintain a hedge of the asset.
So it's not surprising that people are still investing in gold because the price tends to be more stable than other investments.
But even so, bitcoin can also be a long-term investment option because the price of bitcoin can increase very much more than gold.
And lucky people who can own bitcoin and gold at the same time.

This is not a hack like you are talking about in your previous posts, but a cheap trick that only the naive will fall for, and not even all the benefits of the hardware wallet will protect them from their own stupidity. That's why I wrote that you're brainwashing yourself by watching videos, and you don't understand the concept of "hacking" you're talking about at all, when in fact it's about simply exploiting human ignorance.

Neither Ledger as a device was hacked, nor their Ledger Live as an interface, nor does it have anything to do with Bitcoin - if you are interested in more, @Pmalek described what exactly it is about -> What are Address Poisoning Scams?

The price of gold has increased significantly compared to Bitcoin in the current market. However, at one point the value of Bitcoin was double that of gold. When bitcoin was worth more than gold people started investing in bitcoin instead of investing in gold. But Bitcoin is a virtual currency, whose price fluctuates all the time. That's why once the market goes into a bear market and the Bitcoin market goes all the way down, the price of gold rises again. But I think there is a possibility that the value of bitcoin will double that of gold again in the future. Because when the bitcoin market starts pumping, the bitcoin market will go all the way higher and increase more than the price of gold. So I think investing in bitcoin instead of gold can make a lot of money in future.

I was looking for experiences of specific users. This guy lost 25 000 to address poisoning, which seems new and therefore could surprise more users like him.
Are you telling me that this did not happen in the authentic ledger live app? https://www.youtube.com/watch?v=gNhzOQGyvfY&t=6s
My goal is to raise awareness, not to spread panic.

A significant percentage of the world's population is still under government control. This condition makes anything that can be managed by the government valuable, and the public has no choice but to trust it. When the public believes that something is valuable, it leads to the culture desired by the government.

Gold has been around for a long time, and everyone believes that it is very valuable because of its beautiful physical appearance. Its value will not decrease because this metal is indeed very beautiful.

In comparison to Bitcoin, Gold appears to be more appealing at present due to its long-standing credibility. Bitcoin, being a relatively new entrant, warrants cautiousness among people who are hesitant to speculate on something that is not yet established.

Asking such a question shows that you lack elementary knowledge about what Bitcoin is and how to store it safely. It is pointless to compare any CEX with any non-custodial wallet, your private keys in your private possession only give you maximum security, of course if you know how to keep them properly.


You are currently being brainwashed with cheap YT videos that obviously convinced you that someone hacked Ledger in the sense that they hacked Bitcoin, and it is actually about the database of those who bought that device. Stop talking nonsense and spreading panic, you'd better learn some basics before jumping to conclusions that have nothing to do with common sense.

The world are just gradually growing with the use of technology and making use of digital currency, which Bitcoin is a function of digital currency which cannot touch, but have the feeling of having it and spend it across the global market that can be converted to our local currency been credited to our Bank, which requires educational process towards Bitcoin business, in order words Gold is an asset someone can buy and hold physical for long periods of time, before selling it. And the security of Gold business is very high. I keep prefer holding Bitcoin than Gold, because Bitcoin is more secure and has rest of mind.

Even if the demand for silver grows but still cannot overtake gold, gold will still be the most valuable metal unless the world discovers a better metal than gold. But to compare gold to bitcoin, I wouldn't see a winner, both have their own use cases.
But for investment, I would choose bitcoin because it offers higher returns, and it is much easier and more convenient to store assets in bitcoin than in gold. Bitcoin is a digital asset, more technologically advanced, so it will be more useful and have more use cases than gold in this day and age.

gold is a valuable item and very many people need gold because gold can usually be used for many things including electronics and so on.

but if our investing in gold, in my opinion, the profit will be small if the capital is small, but our can also get big profits if the capital is large.

but what I know about investing in BTC, even though investing with small capital can get big profits, as long as we are strong in holding BTC in the long term.

How and why? You should bring some arguments, otherwise, that looks like you don't know what are you talking about.

It will always have value, and whoever invests in it will not get crippled when the global financial system comes down.
But I'm not sure it is the most profitable investment. Silver is in high demand and it is currently undervalued.

I believe that bitcoin is the first digital store of value. Will it be the only one? I am not sure. For any other token to be a digital store of value, it would have to be limited in quantity and outside of government control. I don't think any of the altcoins qualify for that.

Gold will always win.

It doesn't make sense to denominate BTC in dollars or euro because the amount just depends on how much central banks devalue those currencies by printing them with no counter value. For the same reason it does not make sense to denominate BTC in Venezuelan Bolivar. Their hyperinflation shows why it makes no sense to denominate any hard assets in fiat. An egg costs 10 000 Bolivar there. Imagine what 1 BTC would be in Bolivar.

Banks are terrified of people leaving their monetary system because a liquidity crisis will cause them to default on investments, and eventually leads to a complete collapse of the monetary system. That is guaranteed to happen anyway, but people leaving their system escalates the velocity. Interestingly, a collapsing monetary system is exactly what their adversaries (BTC investors) want. Because it causes fiat money to flow into BTC, and so its value increases.

So a growing amount of people investing in BTC (number of accounts with 0.1 BTC is now at an all time high) combined with a trembling monetary system is a recipe for a perfect storm and will lead to a hyperbolic increase in the price of BTC. The only way banks can stop the entire collapse, is by using the law to prevent conversion of fiat to BTC. This is why I did not invest earlier. I always thought that this would happen earlier. The excuse of the government will be that investing in gold or BTC poses a systemic risk to the stability of the monetary system, and will therefore will be forbidden. But it seems that regardless of the law, people always find a way to invest money in BTC.

I predict that it will take less than 1 year before banks start an all out war on BTC. It reminds me of Nixon banning the conversion of fiat to gold in 1971. The elites will not allow society to convert their worthless paper (dollars, euro) into anything that has real value (gold, silver, bitcoin). They want to force us to hold these worthless papers, so we end up with nothing and they have all the power. By 2030 you will own nothing, said WEF founder Klaus Schwab recently. Well at least I will own bitcoin.

People say that investing in BTC is highly risky. I think that this is only true if you plan to get rich in the short term. In the long term I don't see any scenario other than BTC skyrocketing. Unless the government can scare all investors by giving them life sentences in prison. Keeping your money in a bank is far more dangerous. In fact I see no other scenario than it becoming totally worthless.

from the past until now there are still many people who debate gold and btc and are still debating whether gold is good for investment or bitcoin.

I think btc is a digital currency that can't be touched
whereas gold is of course touchable.
I think gold and btc are valuable assets and should not be compared.

but I don't think we will be able to measure btc price in future because it could be btc price exceed 1000000$.

Not only the older generation is investing in gold, but everyone still needs gold, simply because it is by far the most valuable metal. Countries still consider gold the most valuable asset to hold more than any other asset class, so it would be an illusion to say that gold will be phased out in the future. You and I and everyone here are favoring bitcoin over gold because its returns are better than gold. The stability of gold can't make you rich, but with bitcoin, you can get rich, that's all you and we are thinking.
If I had a lot of money, I would still hoard more gold instead of bitcoin, but since I don't have too much money right now, bitcoin is my choice because it can make me rich.

and in gold they felt safer as they are the old investors who believe in what you see is what you believe and what you have in hands  is what you keep , but in our days now?
people are mostly  into  online apps and online payments in which ending up? a world that will use virtual money .
Gold will always remain as a keep safe while crypto is the daily use.