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Topic: Gold collapsing. Bitcoin UP. - page 1220. (Read 2032266 times)

sr. member
Activity: 448
Merit: 250
November 23, 2013, 12:47:06 PM
It just occurs to me that divisibility is one of Bitcoin's great features as a investment, you can't normally buy fractional share on the stock market, or a fraction of an ounce of gold/silver, so when a bubble is forming small time investors have to avoid buying as they risk losing dearly in a market crash, but even when BTC price reaches $10000/BTC you can still buy 0.001 BTC and take advantage of the potential rally continuation, as the most you can lose is only $10, this would potentially make Bitcoin the first product to be investable, and investable rationally by everyone, even really deprived people.


Yes, the accessibility of Bitcoin is very important to its success. A few years ago I toyed with the idea of dividend-yielding investments and a few other things, but with the amount of money I was looking to invest (beans) the fees just wouldn't make it worth it. With bitcoin, it was much easier for me to start out investing teeny tiny amounts of money every week. Then, my tiny investment turned into gigantic amounts of money. Of course, later adopters won't see such a massive ROI, but they can still participate in its appreciation until it reaches a more stable adoption level, and after that, they can participate in sound money which is good for everyone. The barrier to entry is a powerful force as we see in socialist .gov-controlled markets i.e. here in the U.S.
The barrier to entry of bitcoin still involves at least a mobile device and internet, but it is much smaller than many markets currently in existence.
hero member
Activity: 784
Merit: 1000
November 23, 2013, 06:33:07 AM
It just occurs to me that divisibility is one of Bitcoin's great features as a investment, you can't normally buy fractional share on the stock market, or a fraction of an ounce of gold/silver, so when a bubble is forming small time investors have to avoid buying as they risk losing dearly in a market crash, but even when BTC price reaches $10000/BTC you can still buy 0.001 BTC and take advantage of the potential rally continuation, as the most you can lose is only $10, this would potentially make Bitcoin the first product to be investable, and investable rationally by everyone, even really deprived people.

... what you mean like real money?! ... like that normal people can actually work and save in without being ripped off and corralled into "pension schemes", high-yield debt-instruments, shock markets and etc before being eaten alive by Wall St. sharks?

God, what a concept.
 

PMs are real money, but they are like that nation under God, indivisible.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
November 23, 2013, 06:15:06 AM
It just occurs to me that divisibility is one of Bitcoin's great features as a investment, you can't normally buy fractional share on the stock market, or a fraction of an ounce of gold/silver, so when a bubble is forming small time investors have to avoid buying as they risk losing dearly in a market crash, but even when BTC price reaches $10000/BTC you can still buy 0.001 BTC and take advantage of the potential rally continuation, as the most you can lose is only $10, this would potentially make Bitcoin the first product to be investable, and investable rationally by everyone, even really deprived people.

... what you mean like real money?! ... like that normal people can actually work and save in without being ripped off and corralled into "pension schemes", high-yield debt-instruments, shock markets and etc before being eaten alive by Wall St. sharks?

God, what a concept.
hero member
Activity: 784
Merit: 1000
November 23, 2013, 05:32:22 AM
It just occurs to me that divisibility is one of Bitcoin's great features as a investment, you can't normally buy fractional share on the stock market, or a fraction of an ounce of gold/silver, so when a bubble is forming small time investors have to avoid buying as they risk losing dearly in a market crash, but even when BTC price reaches $10000/BTC you can still buy 0.001 BTC and take advantage of the potential rally continuation, as the most you can lose is only $10, this would potentially make Bitcoin the first product to be investable, and investable rationally by everyone, even really deprived people.
hero member
Activity: 784
Merit: 1000
November 23, 2013, 05:15:51 AM
why you refer to price of gold as in oz? it might as well be in grams, kilos, tons. the price per weight value is irrelevant here. gold will always have value no matter how much 1btc is in relation to 1 oz.

Because that's the unit they use in the gold market.

Yes, gold will always have value, as copper, nickel, and many other metals, but we are talking about speculative value here.

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
November 23, 2013, 05:09:54 AM
why you refer to price of gold as in oz? it might as well be in grams, kilos, tons. the price per weight value is irrelevant here. gold will always have value no matter how much 1btc is in relation to 1 oz.

Good point ... I guess the only question left then is when do we switch the numeraire from tOZ/BTC to BTC/tOZ then right? ... that is when the psychological shift to unit of account occurs and btc becomes 'money'.
legendary
Activity: 1202
Merit: 1015
November 23, 2013, 04:47:59 AM
why you refer to price of gold as in oz? it might as well be in grams, kilos, tons. the price per weight value is irrelevant here. gold will always have value no matter how much 1btc is in relation to 1 oz.
donator
Activity: 1722
Merit: 1036
November 23, 2013, 04:03:31 AM
Btc is gonna pass gold parity and no-one will hardly notice it will be gone that fast.

There is nothing so powerful as an idea who's time has arrived.

That thunderclap is gonna rock the world.

And then gold will be forgotten, just like silver.

The once allmighty gold is fast approaching 1% of my portfolio. From the above.



legendary
Activity: 1764
Merit: 1002
November 23, 2013, 03:39:01 AM
Btc is gonna pass gold parity and no-one will hardly notice it will be gone that fast.

There is nothing so powerful as an idea who's time has arrived.

That thunderclap is gonna rock the world.

And then gold will be forgotten, just like silver.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
November 23, 2013, 02:13:07 AM
sweet baby zombie jeebus

my pretty pretty precious...oh how I loved you
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
November 23, 2013, 02:11:42 AM
Btc is gonna pass gold parity and no-one will hardly notice it will be gone that fast.

There is nothing so powerful as an idea who's time has arrived.
donator
Activity: 2772
Merit: 1019
November 23, 2013, 01:57:32 AM
Will it ever be possible to buy 2 bitcoins with an ounce of gold again?



For the love of the flying spaghetti monster... this is madness!

People have been laughing at me since 2011 when I answered "at 1 oz gold / BTC, but only some" when being asked when I would sell.

People have stopped laughing and I'm reconsidering wether it'd really be the right thing to do Wink.

legendary
Activity: 1400
Merit: 1013
November 23, 2013, 01:27:19 AM
Will it ever be possible to buy 2 bitcoins with an ounce of gold again?

legendary
Activity: 1764
Merit: 1002
November 22, 2013, 06:03:20 PM
Gold collapsing.  Bitcoin UP.
legendary
Activity: 1764
Merit: 1002
November 22, 2013, 10:53:39 AM
this was just TOO GOOD!

legendary
Activity: 966
Merit: 1001
Energy is Wealth
November 22, 2013, 06:08:10 AM
Nice contrast:



Well, at least copper's up  Wink

Impressive, but wait it gets better.



On two china 2 exchanges the litecoin volume is twice of goxes bitcoin volume. The high has been 78 yuan (~USD 13) currently it is over 10USD in china and 8.7 on btc-e
Only Goxes inability to function as a money exchange slowing the expansion in other parts outside of china and india.
What options have you got to trade on gox? Bitcoin with bitcoin and bitcoin with dirt (fiat).
Lots of people would give the left nut to be able to buy some litecoins on gox as long as they are so cheap.

https://www.okcoin.com/
https://www.fxbtc.com/s/ltc_cny

Indian exchange dealing with bitcoin/litecoin (just opened)
https://buysellbitco.in/
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
November 21, 2013, 09:36:32 PM
good grief
hero member
Activity: 784
Merit: 1000
November 21, 2013, 09:33:40 PM
Nice contrast:



Well, at least copper's up  Wink

Well, at least we know silver would not fall to 3, or 4-5 for that matter.
legendary
Activity: 1316
Merit: 1005
November 21, 2013, 09:17:44 PM
Plus or minus.
I love it's Proudhon posting this. He has been assimilated!
Believe it or not, long before Proudhon became everyone's favorite bear, he was a supermegaturbobull.  But then 32->2 hit him pretty hard and his horns turned to claws.

Funny, that was when I was most enthralled and thinking - "Feed me moar!"

WB Proudhon Smiley
legendary
Activity: 1722
Merit: 1004
November 21, 2013, 03:47:59 PM
I like it that some of the old timers are still regularly posting on this thread ... if anywhere from grows a bitcoin island it will be this thread  Cheesy

Password: carrots

Shit, we might be able to afford one already Tongue.

im pretty damn sure if we went with 10 people and all got an island to share, we could get one hell of a nice island.


Not an island, but these guys accept BTC for land, apparently:

http://www.coindesk.com/bitcoin-chilean-libertarian-paradise/


i looked into that, dont think its going to take off, so i did not follow it.


Yeah, Edan Yago's thing (https://bitcointalksearch.org/topic/the-first-political-zone-to-officially-recognize-cryptocoins-208333) sounded like a more pure experiment, but there hasn't been any activity in that thread in quite a while.
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