Gold forum - page 2. | Bitcointalksearch.org

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: ck343 on June 07, 2019, 02:05:43 AM

I'm a metal rather than a crypto person, but I share the disgust for some gold bugs forums.
Talking about gold-backed stablecoins, you would think to find some interest among them.
The climax of their argumentative level reduce itself to the classic If you don't touch it you don't own it.
They keep repeating it like zombies

I don't really see the point of a gold backed stablecoin.

The main problem with a backed anything is the centralised holding of the asset backing it. Since you're going to have to make your peace with that regardless of the asset you may as well stick with the dollar. If the point of a stablecoin is stability I'd rather erase the modest amount of volatility that something gold backed would produce.

I see no reason to pointlessly lose or gain a few per cent here and there. It would be an annoyance more than anything.

ck343

jr. member

Activity: 108

Merit: 1

Quote from: vader18 on May 30, 2019, 04:26:29 PM

Wow, these gold bugs really hate Cryptocurrency with a passion. I was a gold bug myself years ago. I would visit a gold site called kitco and read all the threads about metals and a return to a gold standard. It was there, on the kitco site, that I first heard of bitcoin. Being young and only slightly invested in metals , I found it easy to switch to bitcoin. I’d imagine if I had been older and more heavily invested in gold, I’d most likely been jealous and hostile toward something that could threaten my investment like bitcoin.
Anyway I stumbled onto the site recently, and was surprised to find a Cryptocurrency section. Then I read a few of the threads.the section clearly isn’t there to educate or inform anyone about Cryptocurrency. It’s just a lot of fud. Nearly every post is about something negative. I thought gold and cryptocurrency people had more in common. I am still into metals, though if I have any extra funds , every single penny goes to crypto, not wasting it on metals anymore. Crypto is the future.

I'm a metal rather than a crypto person, but I share the disgust for some gold bugs forums.
Talking about gold-backed stablecoins, you would think to find some interest among them.
The climax of their argumentative level reduce itself to the classic If you don't touch it you don't own it.
They keep repeating it like zombies

kamilah147

full member

Activity: 700

Merit: 102

Quote from: Kocret02 on June 02, 2019, 02:37:20 AM

gold and cryptocurrency have in common indeed. but that is just how someone chooses between gold or crypto, so I think that the same choice is good. besides now many people turn to crypto because crypto gives a definite profit when the price increases.

now many people switch from gold to crypto because they think they want to be rich and also they think the future of crypto will be bright

Ryan Dugan

hero member

Activity: 924

Merit: 501

Why would anyone listen to a forum that tells you to invest in gold -_- This is the digital age, not the stone age. Gold doesn't rise much and it's a terrible investment. It is just there if you have too much money and don't know what to do with it but what to diversify it so no matter how bad things get you will always have things of value to trade. It is a much better idea to invest in active projects then to buy a gold bar and sit and stare at it.

Kocret02

sr. member

Activity: 1190

Merit: 250

Buzz App - Spin wheel, farm rewards

gold and cryptocurrency have in common indeed. but that is just how someone chooses between gold or crypto, so I think that the same choice is good. besides now many people turn to crypto because crypto gives a definite profit when the price increases.

Dapper

sr. member

Activity: 560

Merit: 260

Quote from: TheHas on June 01, 2019, 08:54:44 AM

Quote from: ?? on ??

It's not a contest. It's like saying you can't drive a BMW if your wife drives a Lexus. Both are fine.

I think he is saying that he is still into 'metals', so OP is agreeing with you.

He is mainly pointing out that people on precious metal forums are raging about bitcoin, when really you would think they would be embracing it as almost a digital gold.

Yes, I wasn't replying to the OP per se, it was a general comment to the crowd of folks (usually crypto shills that own a very small amount of BTC and whose only hope is a moonshot in btc price) that seem to want to make issues out of one being better than the other.

mamesso

hero member

Activity: 2114

Merit: 740

Leading Crypto Sports Betting & Casino Platform

Quote from: maianh09 on May 30, 2019, 06:28:19 PM

Quote from: mamesso on May 30, 2019, 06:15:56 PM

This is a good decision, I have decided 3 years ago. not excluding gold to invest but crypto is more promising at this time. in the end everyone will regret not knowing crypto. I am sure I have chosen a promising asset.

I always believe in cryptocurrency that will change people's perspective on it. Crypto will be the new currency to replace FIAT in the future, and the future economy will depend on it. Why are people always afraid of Crypto? Don't lose the chance to become rich if you don't learn and invest in it right now.

I feel open fear, they don't know crypto.
it is our duty to socialize crypto to be better known. Give an explanation so that they understand that crypto is not a kind of money laundering or criminal tool.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: salty on June 01, 2019, 11:17:47 AM

And many people know this problem is high volatility.

That's the prime reason most people are here. And it's also the prime reason why most people here are completely and utterly uninterested in gold. Gold does of course experience volatility but nowhere near enough to get most of us erect.

salty

full member

Activity: 562

Merit: 100

To condemn the author of the post makes no sense.Investing in metals is also profitable.Alas, cryptocurrency has a very big problem.And many people know this problem is high volatility.Although if we look at the crypto currency №1 in the list,then for the entire time of its existence it gave a huge profit.Investing in cryptocurrencies is naturally worth it,but do not forget about the risks.Good luck investing!

MonsterV

legendary

Activity: 2212

Merit: 1008

Quote from: maianh09 on May 30, 2019, 06:28:19 PM

Quote from: mamesso on May 30, 2019, 06:15:56 PM

This is a good decision, I have decided 3 years ago. not excluding gold to invest but crypto is more promising at this time. in the end everyone will regret not knowing crypto. I am sure I have chosen a promising asset.

I always believe in cryptocurrency that will change people's perspective on it. Crypto will be the new currency to replace FIAT in the future, and the future economy will depend on it. Why are people always afraid of Crypto? Don't lose the chance to become rich if you don't learn and invest in it right now.

Gray speculation, so far the crypto that we know is a form of decentralization while a country needs a currency that can be regulated according to its policy (centralization). I don't think that crypto will replace fiat but fiat will be replaced by a centralized digital currency. But there's no need to worry because I'm sure fiat and crypto are very different, and they in the future will go hand in hand and be very influential for the world.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: Kakmakr on May 31, 2019, 01:50:52 AM

Gold have flaws and grey areas too, so they will simply ignore the fact that Gold prices are being manipulated by some cartels and super rich investors. They will also ignore the fact that many of the Gold that are locked in vaults have not been audited for many years, so you think it is there but it might not be there. Roll Eyes

This is the one that regularly gets me. The gold price is so strangled, mangled and diluted it's a miracle anyone bothers. You can believe in the actual substance but the way the value is so outrageously weaseled kind of cancels out the perceived benefits it touts.

Crypto is yet to reach this stage and hopefully the instant and universal transparency will fight it off but I've no doubt they're going to try.

Ibizugbe1

member

Activity: 272

Merit: 10

Cryptocurrency is very risky because of its volatility, have never traded on gold, only heard how people gold were stolen without trace. I made a huge loss by taking a huge risk investment in cryptocurrency, had I put it in bitcoin, I wouldn't have made much loss like I did. Bitcoin is safer than coin in the market. When I have some spare money I mean buy a precious metal but won't keep it with me, I want to sleep with my two eyes close.

TheHas

full member

Activity: 616

Merit: 167

Quote from: ?? on ??

It's not a contest. It's like saying you can't drive a BMW if your wife drives a Lexus. Both are fine.

I think he is saying that he is still into 'metals', so OP is agreeing with you.

He is mainly pointing out that people on precious metal forums are raging about bitcoin, when really you would think they would be embracing it as almost a digital gold.

Ghebung Masam

member

Activity: 280

Merit: 10

Bcnex - The Ultimate Blockchain Trading Platform

if compared between gold and bitcoin there is certainly a difference.
it is clear that bitcoin has experienced a significant price change in prices up and down in a matter of hours.
while gold tends to be more stable

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: vader18 on May 30, 2019, 04:26:29 PM

I thought gold and cryptocurrency people had more in common. I am still into metals, though if I have any extra funds , every single penny goes to crypto, not wasting it on metals anymore. Crypto is the future.

No point to make comments like you are regretting why investing much in gold. Gold was the most place people invested then.

Yes gold and cryptocurrency are not the same. Gold is natural resources from gold while cryptocurrency is human creation but it is now seen as the digital gold especially bitcoin because of high value it is providing.

aad140386

member

Activity: 420

Merit: 20

simply getting the job done

Personally, I do not see any contradictions between gold and cryptocurrencies. Why can't people accept both realities and accept the fact that one is not always better than the other, and one can complement the other? Gold can be quite successfully sold for bitcoins and vice versa. Cryptocurrencies are another reality and people of the older generation simply do not see values in it because they are used to the fact that value is material. In the information epofu, information becomes the most expensive commodity and currencies also become digital. People just have to realize it.

Genemind

sr. member

Activity: 1596

Merit: 335

Gold and Btc are different in so many ways. They have different roles as well so we can't compare them when it comes to investment.
We all know how physical investment and digital currency works so both would be beneficial if we'll know how to use and value them.
Bitcoin was originally created as a mode of payment and as for me, it's as valuable as gold in terms of investing.

TheHas

full member

Activity: 616

Merit: 167

You could argue that gold is the roman version of the modern bitcoin.

Now I still think bitcoin is more than a store of value. Its entire principles of decentralized currency are different to typical fiat money, however at a minimum it is a modern gold.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Gold have flaws and grey areas too, so they will simply ignore the fact that Gold prices are being manipulated by some cartels and super rich investors. They will also ignore the fact that many of the Gold that are locked in vaults have not been audited for many years, so you think it is there but it might not be there. Roll Eyes

Bitcoin is totally transparent and the Blockchain records every single transaction and it can be audited and scrutinized by anyone. Wink

The Gold bugs are just jealous that potential investment capital is going into something else and that something else is much better than Gold. Grin

I think it is time for us to join those forums and to spread the truth and kill the fud. Wink

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Well gold and Cryptocurrency are two different things that can not lump up together, This is simply is a thing Cryptocurrency will simply move to a revolution of innovation and go ahead beyond the future, And in my opinion gold movement will sure stay but it will get left behind by all the digital technology that surfaces that people tend to cling to right now, But there are different investment with gold and different things to do with Cryptocurrency, But for now the demand right now is just much wider in the crypto industry than with precious metals lately.

Topic: Gold forum - page 2. (Read 769 times)