Gold and Crypto - page 6. | Bitcointalksearch.org

Nadziratel

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Quote from: Ken_terrance on December 12, 2019, 08:45:57 AM

Hi PEPs I am here to talk about GOLD. The valuable metal has been utilized by various developments and it has helped people to store an incentive during times of financial vulnerability. The fundamental inquiry is whether Bitcoin (BTC) will ever have the option to turn into a comparative resource for ensure clients' worth or other Coins that claimed to be backed by real gold can actually live up to that standard? willing to hear from you guys

In this forum, this topic has been discussed hundreds of times. In fact, most of them discussed that they were different. However, for some reason, this issue is still being discussed again.
First there was stone, then bronze. Then copper came into our lives and then silver. The latest gold.

But if you've noticed, they all represent a mine and a physical element. Yes, it has mining in many crypto assets, but it is not a mining we know.

So please don't compare and think it is usefull for each other. And no, it can't. coins backed by cryptocurrencies is not a good idea.

zhekinsp

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Quote from: Ken_terrance on December 12, 2019, 08:45:57 AM

Hi PEPs I am here to talk about GOLD. The valuable metal has been utilized by various developments and it has helped people to store an incentive during times of financial vulnerability. The fundamental inquiry is whether Bitcoin (BTC) will ever have the option to turn into a comparative resource for ensure clients' worth or other Coins that claimed to be backed by real gold can actually live up to that standard? willing to hear from you guys

Gold is something existing for limited quantity that is why the value of it stays contant.Bitcoin is something similar to gold due to its value coming from the demand and supply but we can't say both are same due to the availability quantity.Backed up currencies of gold is kind of lie because we can't be assured that the value is real so skip those useless tokens and invest on something real like bitcoin.

Twentyonepaylots

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Quote from: cryptoangel on December 12, 2019, 01:04:40 PM

Nowadays gold and crypto is a long term so those want good profit, buy some Bitcoin and invest long term because crypto make more profit on shortly. But gold is a forever growing coins and it will never dump on gradually so those are trying to secure investment for long term, Both Bitcoin and gold are golden opportunity in current economy.

I have to disagree on this one. With gold, you cannot just make good profit as it is just used to unit on account or store value. Actually there is no significant change in gold's price for so many years unlike with bitcoin. Yes, bitcoin is also used to backed and store value however there is a difference with volatility rate, Bitcoin with much volatality is far from gold being a profitable investment. Having these things said, Gold and Bitcoin is great for storing value and investment coz we cannot know when the financial economy gets vulnerable.

bobyhodob

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Quote from: cryptoangel on December 12, 2019, 01:04:40 PM

Nowadays gold and crypto is a long term so those want good profit, buy some Bitcoin and invest long term because crypto make more profit on shortly. But gold is a forever growing coins and it will never dump on gradually so those are trying to secure investment for long term, Both Bitcoin and gold are golden opportunity in current economy.

I always buy gold every time I get monthly money from my offline work
I am very comfortable and believe investing with gold can be for my children's funds in the future such as insurance.
I like bitcoin but I think it's still very risky to invest for a very long period of time

sorrros

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Bitcoin better suits for today' s needs. It is much easier ro store, send, pay with Bitcoin than with gold.
Also there is no warranty that there won't be more gold in the future, but there is a warranty that total supply of BTC will be only 21 million BTC.

bittraffic

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Gold will be good but that might cause you a problem when you travel valuable asset as it can be taken physically from you. Yes it can help you in financial crisis its true. You just have to be very careful not to announce you have a lot of it.

Gold backed tokens aren't recommended as well. If you can store gold in the blockchain just like a data, its going to be valuable but if the gold stays in the vault where the team stores it, then tokens isn't going to be worth keeping.

GucciBoy

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Gold and Bitcoin can't really be compared, since the price of Gold is manipulated through ETF's. Also called "paper-gold", which if you wanted to redeem all that paper gold, you wouldn't be able to, since there is 10x the supply of paper-gold to real gold.

Bitcoin on the other hand ISN'T centralized and manipulated in the same way, and it's way more deflationary than gold, hence why it has performed way better the recent years (even though it's been way more volatile).

With Decentralized Exchanges such as Blocknet, making BTC trading viable for anyone with an internet connection, with no need for KYC, or any regulation attached at all, it becomes way more liquid and useable for consumers. Bitcoin is without a doubt the better investment long term, as you can't really go down to you local mall and spend your gold coins.

It's not a coincidence, that Turkey is THE country who is using cryptocurrencies the most, a country who believes in gold, and has been for MANY years, but who made a radical shift towards Bitcoin and cryptocurrencies.

BRODIN

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gold & bitcoin are different from each other, planting shares using gold, you will get real profits every year and if you invest using crypto assets (BTC) you can get multiplied profits, but not depend on every year. I mean you can make a big profit if you buy low & sell when high, continue to depend on demand & supply, and of course crypto assets are very risky.

and Bitcoin (BTC) will never have the option to turn into a comparative resource to ensure client value, because crypto prices are volatile and supplies are limited (BTC).

cryptoangel

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Nowadays gold and crypto is a long term so those want good profit, buy some Bitcoin and invest long term because crypto make more profit on shortly. But gold is a forever growing coins and it will never dump on gradually so those are trying to secure investment for long term, Both Bitcoin and gold are golden opportunity in current economy.

yehestielsiburian

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Bitcoin is still Bitcoin, and Gold is still gold.
The price of bitcoin will never depend on gold. That will never happen.
Bitcoin and gold will compete hard, but you may still have both Grin

Xardasim

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Gold is a metal that has been valued throughout the world for centuries. However, Bitcoin is a coin that has only been available for over 10 years and still wild. If Bitcoin had as much history as gold, none of the metals had ever been valued. So, it wouldn't be right to compare them, the only common traits being that both of them have value.

Wysi

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No mate, Gold and bitcoin can never be same as bitcoin is digital and we cannot feel it like we do when it comes to gold and bitcoin is highly volatile as not everyone will be willing to lose on their asset if the value of bitcoin drops so down because Gold is most stable. We have a different set of people who are willing to risk and they will prefer bitcoin instead of gold.

ACTrend

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Hello! I think gold as it was and will remain in first place for storing money. Bitcoin will also be valuable over time and you can also save your money in it. But this will not happen soon. I think in the future Bitcoin will be very valuable and there will not be such strong drops and highs in value. And we will wait for the time when cryptocurrency finally becomes popular.

Linkkoin

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Bitcoin is with us for 10 years. Gold as a symbol of wealth - for over 6000. Both as a form of payment and a store of value. Its reputation is legendary (or rather sentiment).

But coin backed by gold 1:1? Project and promoting it has costs. As well gold must be stored and secured somewhere - it is hard to imagine a private company which out of sudden would claim it is able to store gold for years, manage cryptocurrency, pay its workers, promote itself etc.

ansi

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Bitcoin is great BUT it won't be as much trusted as metals (Gold, Silver, Palladium,...), this is the reality.
YES Bitcoin reached All Time High (ATH) at $20 per One Single Bitcoin which was worth than Gold Silver, but look where it is now.

bitcoin is great & will be even greater but the volatility in there & in all crypto in general won't make it the " safest investment " place to put your money in.

Raflesia

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I think bitcoin won't be a comparative source supported by real gold, Bitcoin will still be bitcoin and won't be supported by anything, because bitcoin fluctuations can go up and down at any time, bitcoin will be the most expensive crypto currency.
While Gold has used a lot of blockchain technology, it means that gold will not outperform bitcoin because gold is good for long-term investment with minimal risk.

Ken_terrance

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Hi PEPs I am here to talk about GOLD. The valuable metal has been utilized by various developments and it has helped people to store an incentive during times of financial vulnerability. The fundamental inquiry is whether Bitcoin (BTC) will ever have the option to turn into a comparative resource for ensure clients' worth or other Coins that claimed to be backed by real gold can actually live up to that standard? willing to hear from you guys

Topic: Gold and Crypto - page 6. (Read 837 times)