Gold forum - page 3. | Bitcointalksearch.org

senin

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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.

Cryptocurrency will develop and grow, there is no doubt about it. However, one should not forget that this is a rather risky investment of its funds and caution should be exercised here. You should not invest all funds in cryptocurrency. Here you can get a high profit or lose all your investments. Therefore, you should not forget about gold. A reserve of money in ordinary currency must always be available.

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: SaltySpitoon on May 30, 2019, 06:27:53 PM

Each has pros and cons, I just think its funny that people feel the need to bash anything be it gold, bitcoin, fiat, or desirable trading cards. If you don't like it, don't use it, just hedge your bets I guess.

That is exactly also my point. We should be happy that in our modern age, we have many choices where to invest -- be it gold, stocks, forex, real estate or also cryptocurrency. Gold has its own value and will always have a role to play in times of crisis, chaos or catastrophe...now the same thing can b said about bitcoin. So if I have the funds and I can afford it, I would go for gold, I would go for bitcoin. Good investors understand the wisdom of not putting one's eggs in just one basket.

MakeMoneyBtc

full member

Activity: 1092

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You could find dozens of cons against gold but so you can against bitcoin. At the end both have some advantages and disadvantages. I think people that are into metal investing hate bitcoin so much because it is the future and they think it is a direct competitor to gold when in fact it's not. It's obvious for someone that's been supporting gold as a good investment for a long time to try and spread fud when they see something new is coming that is better than gold, because those kind of people are not open to anything new and they always want to stick to their safe gold investments.

Ailmand

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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.

Well some people who were investing in gold turned to crypto because of it's income potential compared to investing in gold. That is why some people who are into gold investment would always have something to say about cryptocurrency. There will always be bitcoin naysayer in different financial aspects, people from banking, stock investors, gold investors and a lot more will always have something bad to say about crypto. Just let them be, in the end they will be left out as cryptocurrency mass adaptation occurs.

pushups44

sr. member

Activity: 854

Merit: 281

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 don't see gold and bitcoin as mutually exclusive. They have similar properties, though obviously the gold price is much more stable due to thousands of years of being used as money. Gold also has the advantage of being tangible. Still, bitcoin has more potential to increase in price because it is a new asset.

sandra_x

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Activity: 574

Merit: 14

In as much as I love cryptocurrency,I do not put all my monies into it,I love a diversified portfolio across different asset class-that include gold- and with each category.Bitcoin share a lot of unique properties with gold,the principal difference is in the fact that bitcoin is in addition digital and programmable, a digital gold

maianh09

full member

Activity: 672

Merit: 100

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.

SaltySpitoon

legendary

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Welcome to the SaltySpitoon, how Tough are ya?

The audiences overlap to some extent, but in some regards don't mesh well. A lot of metal investors do so because they share a similar skepticism towards fiat currency as many here hold. A key difference you mentioned is age. Metal investors, typically have an older less tech savvy demographic, and more importantly are rooted in traditional forms of commerce. "The government can't print gold! Effort, labor, and scarcity are all we need to rely on! If its worked well enough for thousands of years, why should newfangled fiat or even worse Bitcoin be a viable store of wealth?" - Anonymous gold investor.

Bitcoin relies on a lot of the modern economic principles that fiat operates under, just without a central issuing authority that is less susceptible to human meddling. Each has pros and cons, I just think its funny that people feel the need to bash anything be it gold, bitcoin, fiat, or desirable trading cards. If you don't like it, don't use it, just hedge your bets I guess.

mamesso

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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.

TimeBits

member

Activity: 224

Merit: 62

I know how to make a back cap so anyone who signs up late, gets the same starting amount as everyone else. I can transfer 8.8 billion people into this system fairly. From the second you are born you start earning seconds or satoshi`s, every hour you earn a hourcoin.

A currency backed by duration, better than fiat.

TimeBits

member

Activity: 224

Merit: 62

TimeBits

member

Activity: 224

Merit: 62

I am waiting on reply's from some of these people

https://community.timebanks.org/

Soon, we will rule the world, the farmers and the working class and all of the people will vote. Try and give me fiat, you can eat my shit, not my watermelons or apples.
https://www.youtube.com/watch?v=NT427lPhkXs

TimeBits

member

Activity: 224

Merit: 62

Gold is not a good money supply
https://en.wikipedia.org/wiki/Gold_Reserve_Act
https://en.wikipedia.org/wiki/Nixon_shock

1. They stole peoples gold already, went into their house and stole it all, did it to the miners first
(They can`t steal you bitcoin if you don`t tell them your key)

2. Gold is a resource we need in electronics, if we use it as a currency we will not colonize mars or other planets.

3. They will steal your gold again.

Here is some more reasons why bitcoin and gold may not be the ultimate solution.
https://www.youtube.com/watch?v=Y7TLFyK_3Pk
This is what happens with limited supplies in the end. We enslave kids not even born yet who had 0% chance to mine.

I know how to trade time into bitcoin or timebits, but no one seems to care, they all care about fiat price, all of you fiat kids will not last two weeks when the power goes out.

vader18

newbie

Activity: 16

Merit: 0

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.

Topic: Gold forum - page 3. (Read 767 times)