Topic: Gold quickly becoming more scarce. Which will be worth more, Bitcoin or Gold? - page 2. (Read 741 times)
April 02, 2020, 02:10:57 PM
Why choose one if both have good potential? Gold is safe heaven, legal, recognized throughout the world, its volatility is also low, while bitcoin has a large risk because of its high volatility, it needs good analysis to be able to maximize profits in investment and trading, but it is also not legal and many pros and cons. I will choose both, set aside some funds for gold, and some for use in the crypto world. High-risk high return.
April 02, 2020, 01:41:01 PM
Gold selling out, private persons are going to have trouble taking delivery:
https://newsroom.proaurum.de/pro-aurum-schliesst-edelmetall-shop-vom-23-bis-einschliesslich-25-maerz-2020/
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/edelmetalle-mangelware-gold-nachschub-aus-der-schweiz-geraet-ins-stocken/25672404.html?ticket=ST-511794-2IgeAmgrQz4Q730T9Yxt-ap1
Refineries in Switzerland melt 70% of all gold, all are shut down:
https://www.aargauerzeitung.ch/wirtschaft/schweiz-schmilzt-das-gold-der-welt-die-groessten-raffinerien-sind-hier-129626667
https://goldswitzerland.com/swiss-gold-refiners-cease-production-end-of-paper-market/
Limited supplies and great demand can drive prices very high. Which will be worth more in a year, Bitcoin or Gold?
Which will be worth more? Gold is only $1,600 odd so you think Bitcoin might drop regardless of the halving or do you mean which might have the better ROI in the next twelve months?
Clearly Bitcoin will even if it drops to sub $5,000 it will still come back stronger than ever due to its unique (and yes uncorrelated) value among retail investors, professional traders, and savy institutions who are interested in emerging assets that have no direct relation to traditional markets which trades around the world twenty four seven... its a different ball game altogether
April 02, 2020, 12:24:12 PM
Seeing Bitcoin's potential every year the price is always increasing.
How UTTERLY STUPID and OBVIOUSLY WRONG can you be ??
JAN 1 2018 BitCoin Price: 17,712 USD
Price Today: in the 6'000's
REALLY ? Would anyone be dumb enough to trust this guy for anything
So I purchased at 3889 in March 2020 and this month and it is now over 7k.
April 01, 2020, 06:50:14 PM
For some people who work in crypto, I think they will think Bitcoin is more valuable. Bitcoin trading, in my opinion, is more challenging because Bitcoin movements can go up very high. Seeing Bitcoin's potential every year the price is always increasing.
Gold, in the real world of gold, is indeed one of the very good and safer investments. In addition, people buy gold to make their appearance more interesting. But, from the price, gold is more stable.
In my view, Bitcoin will continue to be a profitable investment when compared to gold.
Gold, in the real world of gold, is indeed one of the very good and safer investments. In addition, people buy gold to make their appearance more interesting. But, from the price, gold is more stable.
In my view, Bitcoin will continue to be a profitable investment when compared to gold.
March 31, 2020, 09:06:52 PM
Gold and Bitcoin have equal standing when it comes to scarce supply and the value could not be manipulated by banks.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
WRONG, WRONG, WRONG...
You can not buy Gold right now, everyone wants it and no one is selling. What do you think that will do to the price
( Grade school level question here ).You can buy BitCoin all day long at about 1/2 price since the economic crisis started. No matter how much you may wish it was not true, more people are happily parting with their BitCoin than their gold
WISE UP...
Hard Facts
This chart says the highest price for gold since March 1 2020 was on march 8th it was 1674 gold is now 1580 on march 31st.
Btc since march 1 went from a high of 9100 to a low of 3850 back to 6424 add to this that for a miner a 15% difficulty adjustment happened which makes getting coins 15% cheaper if you mine.
So for a miner that invested on march 13th the earning have increased from 3850 a coin to 6424 a coin and the cost of mining the coin has dropped 15%. Seems to me that is a win for a mining investment over most other types of investments.
I do agree with you that gold is doing better then some stocks. But once again you are practicing soft lies about BTC.
Also if you purchased btc on the dip you went from 3850 to 6424.
March 31, 2020, 08:59:02 PM
Gold and Bitcoin have equal standing when it comes to scarce supply and the value could not be manipulated by banks.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
WRONG, WRONG, WRONG...
You can not buy Gold right now, everyone wants it and no one is selling. What do you think that will do to the price
( Grade school level question here ).You can buy BitCoin all day long at about 1/2 price since the economic crisis started. No matter how much you may wish it was not true, more people are happily parting with their BitCoin than their gold
WISE UP...
Hard Facts
March 30, 2020, 12:07:02 AM
Bitcoin is highly limited in supply compared to the total world population. Any vital news in the favour of bitcoin always kicks the price up. And this we are going to see once this epidemic is over. Watch and see.
Simply Being Scarce does NOT, NOT, NOT give something value. There have only been 1000 crypto " Hard Facts Coins " created, so given your logic, they should be worth 10,000,000 dollars each
Of course not. Bitcoin has value because it's more than "just being scarce".
Quote
The Corona Virus is NOTHING compared to the ECONOMIC CRISIS that will last for many, many years. Given how BitCoin has reacted to its first economic crisis, I expect its price will go down to near zero.
In that situation, what should you do if the government imposes that everyone should give up gold, money, and all physical property?
HODL.
March 29, 2020, 07:39:22 PM
Gold and Bitcoin have equal standing when it comes to scarce supply and the value could not be manipulated by banks.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
But in terms of convenience, Bitcoin has the upper hand compared to gold. Because buying Gold is very difficult to deliver and when it comes to Bitcoin it's just one click away and you have instant BTC.
March 29, 2020, 06:56:41 PM
Bitcoin is highly limited in supply compared to the total world population. Any vital news in the favour of bitcoin always kicks the price up. And this we are going to see once this epidemic is over. Watch and see.
Simply Being Scarce does NOT, NOT, NOT give something value. There have only been 1000 crypto " Hard Facts Coins " created, so given your logic, they should be worth 10,000,000 dollars each
The Corona Virus is NOTHING compared to the ECONOMIC CRISIS that will last for many, many years. Given how BitCoin has reacted to its first economic crisis, I expect its price will go down to near zero.
Hard Facts
March 29, 2020, 03:19:47 AM
Ask Cypherdoc that question. He could have given a two page breakdown of every aspect.
If you want to know about BitCion and Gold, just listen to PETER SCHIFF, he is all over YouTube.
Peter Schiff is a gold bug, and biased. Of course he wants to shill you his shiny-coins.
Quote
His Economic forecasts, and the Federal Reserve's response to the Economic Crisis have been SPOT ON.
Then BUY Bitcoin.
Quote
If you want a self reinforcing bubble that makes you " feel good " listen to a bunch of your fellow " believers " here.
If Bitcoin is a bubble, then gold is a bubble. They started both as Natural Ponzis.
Quote
Just like any good Cult living in a DELUSION, cult member's only want to hear from their fellwo cult members and reject all facts until reality literally punches them in the face and knocks them out...
Bitcoin doesn't care.
March 29, 2020, 01:07:46 AM
In my little way, Bitcoin will be more worthy than Gold few years to come because, the said Bitcoin is still revolving while gold has been there for ages and been used by many individuals across the globe. Bitcoin has just spent some few years on it existence and shouldn't be use to compare gold and others. But in my own believe, the worthiest among all the types of money or means if money will be Bitcoin and not even gold as many have been speculating.
March 29, 2020, 01:06:04 AM
Gold in existence - since ages
Bitcoin in existence - 11 years running
If you still want to compare gold with bitcoin, it's upto you! Gold has been used by the banks worldwide to keep as a cash equivalent for unforeseen times. Bitcoin is not yet adooted by banks for any such reasons.
Looking at the current situation, Gold stays way ahead than bitcoin or any other cryptos to be considered as a safe heaven. Hope you have got your answer.
You point goes t show that bitcoin will be worth more than gold once mass adoption by more countries and governments is achieved. Bitcoin is highly limited in supply compared to the total world population. Any vital news in the favour of bitcoin always kicks the price up. And this we are going to see once this epidemic is over. Watch and see. Bitcoin in existence - 11 years running
If you still want to compare gold with bitcoin, it's upto you! Gold has been used by the banks worldwide to keep as a cash equivalent for unforeseen times. Bitcoin is not yet adooted by banks for any such reasons.
Looking at the current situation, Gold stays way ahead than bitcoin or any other cryptos to be considered as a safe heaven. Hope you have got your answer.
March 29, 2020, 12:33:52 AM
3. ZERO central banks, Countries, and real money are investing in BitCion,
that is a HUGE advantage that bitcoin has. every time banks enter something they corrupt the hell out of it and ruin it forever. the fact that "zero" central banks have entered bitcoin is a very positive sign and it is mainly because they can not control nor corrupt bitcoin ever thanks to its decentralization which has made bitcoin a lot more valuable than anything else.
March 28, 2020, 08:14:46 PM
Gold selling out, private persons are going to have trouble taking delivery:
https://newsroom.proaurum.de/pro-aurum-schliesst-edelmetall-shop-vom-23-bis-einschliesslich-25-maerz-2020/
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/edelmetalle-mangelware-gold-nachschub-aus-der-schweiz-geraet-ins-stocken/25672404.html?ticket=ST-511794-2IgeAmgrQz4Q730T9Yxt-ap1
Refineries in Switzerland melt 70% of all gold, all are shut down:
https://www.aargauerzeitung.ch/wirtschaft/schweiz-schmilzt-das-gold-der-welt-die-groessten-raffinerien-sind-hier-129626667
https://goldswitzerland.com/swiss-gold-refiners-cease-production-end-of-paper-market/
Limited supplies and great demand can drive prices very high. Which will be worth more in a year, Bitcoin or Gold?
Regarding the poll. Are you saying 1 Bitcoin worth more or 1 ounce of Gold worth more against USD?
March 28, 2020, 03:50:41 PM
Ask Cypherdoc that question. He could have given a two page breakdown of every aspect.
If you want to know about BitCion and Gold, just listen to PETER SCHIFF, he is all over YouTube. His Economic forecasts, and the Federal Reserve's response to the Economic Crisis have been SPOT ON. If you want a self reinforcing bubble that makes you " feel good " listen to a bunch of your fellow " believers " here. Just like any good Cult living in a DELUSION, cult member's only want to hear from their fellwo cult members and reject all facts until reality literally punches them in the face and knocks them out...
Hard Facts
March 28, 2020, 11:56:29 AM
Gold selling out, private persons are going to have trouble taking delivery:
https://newsroom.proaurum.de/pro-aurum-schliesst-edelmetall-shop-vom-23-bis-einschliesslich-25-maerz-2020/
https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/edelmetalle-mangelware-gold-nachschub-aus-der-schweiz-geraet-ins-stocken/25672404.html?ticket=ST-511794-2IgeAmgrQz4Q730T9Yxt-ap1
Refineries in Switzerland melt 70% of all gold, all are shut down:
https://www.aargauerzeitung.ch/wirtschaft/schweiz-schmilzt-das-gold-der-welt-die-groessten-raffinerien-sind-hier-129626667
https://goldswitzerland.com/swiss-gold-refiners-cease-production-end-of-paper-market/
Limited supplies and great demand can drive prices very high. Which will be worth more in a year, Bitcoin or Gold?
Ask Cypherdoc that question. He could have given a two page breakdown of every aspect.
March 28, 2020, 10:13:25 AM
Bitcoin and gold need each other in the future as bitcoin cannot be physically held, In the near future we will see that Bitcoin will be on top of all the assets.
WRONG: The LIE of BitCoin as " Digital Gold " has been exposed when the price of BitCoin price CRASHED in its first crisis.
Keep living in your fantasy world, and ignoring reality. You will deserve exactly what you get
Hard Facts
Bitcoin and gold need each other
UTTER STUPIDITY. This is actually a special kind of STUPID
Gold has existed for over 5000 years without BitCoin, gold does not " NEED " bitcoin.
If you listen to stupid people, you will deserve the consequences you get.
Hard Facts
March 28, 2020, 08:35:31 AM
Everybody knows that bitcoin will replace gold, but not entirely that is why its called digital gold, because of its scarcity.
Bitcoin and gold need each other in the future as bitcoin cannot be physically held, In the near future we will see that Bitcoin will be on top of all the assets.
Bitcoin and gold need each other in the future as bitcoin cannot be physically held, In the near future we will see that Bitcoin will be on top of all the assets.
March 28, 2020, 08:28:02 AM
However, gold won't have the lightning network, and you can't cut 0.2 grams of gold and send it over the internet. And you can't easily make sure that your gold or the gold you're trying to receive is authentic.
Bitcoin is infinitely more valuable by weight than gold. So the value density of bitcoin, is higher than gold's ever could be.
Bitcoin is infinitely more valuable by weight than gold. So the value density of bitcoin, is higher than gold's ever could be.
WRONG, WRONG, WRONG
1. BitCion has no weight, it is NOTHING, that is part of the problem. BitCoin is Digital Gold ?? anyone want to buy my Digital House ?? My Digital House is infinitely more valuable by weight than a real house
Any rational person would see the STUPIDITY if the above statements ??2. Yes you can use gold for payment, and send it over the internet, just like a credit card and much easier and faster than BitCoin. www.goldmoney.com Never listen to someone like KonstantinosM that likes to talk a lot but knows nothing.
3. ZERO central banks, Countries, and real money are investing in BitCion, but they are getting all the gold they can possibly can buy. Those in power know what the best strategy is. Given BitCions price CRASH in response to its first economic crisis should worry you guys.
Hard Facts
March 28, 2020, 08:04:44 AM
Well, clearly gold has a bigger market cap. However, gold won't have the lightning network, and you can't cut 0.2 grams of gold and send it over the internet. And you can't easily make sure that your gold or the gold you're trying to receive is authentic.
Also you can't create copies of your gold stash that are password protected and just a useless piece of paper to those without the proper passwords.
Bitcoin is infinitely more valuable by weight than gold. So the value density of bitcoin, is higher than gold's ever could be.
One of the advantages of gold was portability, you didn't have to carry a cow, or a lot of silver to trade. With bitcoin, you only need your cellphone which you'd be carrying anyway, in fact you don't really need to carry anything anywhere if you do things right.
By total worth gold's market cap will probably dwarf bitcoin for a few more years still, but I don't expect that to last forever.
Also you can't create copies of your gold stash that are password protected and just a useless piece of paper to those without the proper passwords.
Bitcoin is infinitely more valuable by weight than gold. So the value density of bitcoin, is higher than gold's ever could be.
One of the advantages of gold was portability, you didn't have to carry a cow, or a lot of silver to trade. With bitcoin, you only need your cellphone which you'd be carrying anyway, in fact you don't really need to carry anything anywhere if you do things right.
By total worth gold's market cap will probably dwarf bitcoin for a few more years still, but I don't expect that to last forever.
Jump to: