Topic: I have USD 2000 to invest. Should I buy Bitcoins or gold? - page 2. (Read 14398 times)
There are a million ways it could go. You just have to place your bets and be at peace with them.
I have the feeling gold may be indeed forever, but it doesn't automatically mean Gold is #1 forever. BTC is much better in a lot of ways, we never know how society will evolve in the future and its perceptions towards what is and what isn't the standard for wealth.
The one question that is most interesting, I believe, is: What is going to happen first: Gold can be reproduced cheaply, or the algorithms (esp. hashing functions) used in Bitcoin can be reversed or undermined - and no new functions are being found to replace them? I don't really know where to place my bet on this one!
Thats actually something that most havent even considered lol.
But effects the outcome immensely, since but I feel like gold will always somewhat harder since its not a digital thing. A miner has to dig several feet in the earths surface, only to filter through the sand for flakes, that eventually add up reasonable weight.
As a algorithm can be changed by coders several seconds if the hackathon comes up with an idea area to focus on.
Doesn't matter. We're living in an age of information. Money is being protected by algorithms. Algorithms make it much easier to verify claims, and to hinder people from doing things which they're not allowed to do. If - at one point - we can reproduce gold cheaply (think Star Trek's replicator), Gold will be pretty much worthless (almost, at least). One time pad encryptions, on the other hand, can't be broken - ever.
If we ever reach that point then everything will be worthless as it can all be replicated including the replicators
All you'll need your BTC for is to pay the electric bill but that will be dirt cheap as we'll be on fusion reactor power by then.
Also are we closer to replicating gold in a cost efficient method or creating a fully functional quantum computer that can chew through BTC encryption.
This discussion has lead to a really interesting point, actually! The replicability of Bitcoin has always been a high concern and also point of critique for many people who aren't convinced of Bitcoin's usefulness. I also believe that Bitcoin and Gold are quite similar what this is concerned, as both their scarcities could be attacked and circumvented at some point!
I have the feeling gold may be indeed forever, but it doesn't automatically mean Gold is #1 forever. BTC is much better in a lot of ways, we never know how society will evolve in the future and its perceptions towards what is and what isn't the standard for wealth.
The one question that is most interesting, I believe, is: What is going to happen first: Gold can be reproduced cheaply, or the algorithms (esp. hashing functions) used in Bitcoin can be reversed or undermined - and no new functions are being found to replace them? I don't really know where to place my bet on this one!
Thats actually something that most havent even considered lol.
But effects the outcome immensely, since but I feel like gold will always somewhat harder since its not a digital thing. A miner has to dig several feet in the earths surface, only to filter through the sand for flakes, that eventually add up reasonable weight.
As a algorithm can be changed by coders several seconds if the hackathon comes up with an idea area to focus on.
Doesn't matter. We're living in an age of information. Money is being protected by algorithms. Algorithms make it much easier to verify claims, and to hinder people from doing things which they're not allowed to do. If - at one point - we can reproduce gold cheaply (think Star Trek's replicator), Gold will be pretty much worthless (almost, at least). One time pad encryptions, on the other hand, can't be broken - ever.
I have the feeling gold may be indeed forever, but it doesn't automatically mean Gold is #1 forever. BTC is much better in a lot of ways, we never know how society will evolve in the future and its perceptions towards what is and what isn't the standard for wealth.
The one question that is most interesting, I believe, is: What is going to happen first: Gold can be reproduced cheaply, or the algorithms (esp. hashing functions) used in Bitcoin can be reversed or undermined - and no new functions are being found to replace them? I don't really know where to place my bet on this one!
Thats actually something that most havent even considered lol.
But effects the outcome immensely, since but I feel like gold will always somewhat harder since its not a digital thing. A miner has to dig several feet in the earths surface, only to filter through the sand for flakes, that eventually add up reasonable weight.
As a algorithm can be changed by coders several seconds if the hackathon comes up with an idea area to focus on.
I have the feeling gold may be indeed forever, but it doesn't automatically mean Gold is #1 forever. BTC is much better in a lot of ways, we never know how society will evolve in the future and its perceptions towards what is and what isn't the standard for wealth.
The one question that is most interesting, I believe, is: What is going to happen first: Gold can be reproduced cheaply, or the algorithms (esp. hashing functions) used in Bitcoin can be reversed or undermined - and no new functions are being found to replace them? I don't really know where to place my bet on this one!
I say buy Bitcoins at these levels. The worst you can do is lose a few dollars
Not everyone is as poor as you.
You can easily lose 1M with bitcoins.
ATM I have invested less than 1% of my savings in BTC, but still have more than a dozen coins. It is playmoney. Poor sluts will stay poor, even with bitcoin (expect the clever ones that bought below 1$).
I say buy Bitcoins at these levels. The worst you can do is lose a few dollars
Gold is forever.
I have the feeling gold may be indeed forever, but it doesn't automatically mean Gold is #1 forever. BTC is much better in a lot of ways, we never know how society will evolve in the future and its perceptions towards what is and what isn't the standard for wealth.
If you want to invest in the long term should you invest in gold, but if you invest in the short term you could invest in bitcoin.
$2000 isn't a lot of money. I believe it wouldn't be enough to invest in physical gold.
i don't know how you've come to these beliefs/conclusions but i disagree wholeheartedly.
1175USD will buy 1oz of gold TODAY
825USD will buy 3.5BTC TODAY
BOTH, 'decent' investments for someone with 2000USD
if 2000USD REALLY isnt a lot of money, feel free to invest that much in my BTC accumulation fund...
If you can live with the fact that it COULD go to zero then do it.
You have before & will again. Apparently
Yeah $2000 not much for investment holder, but for short trading its enough for take some profit. I think he can take benefit when bearish and bullish
Yeah ok I'll buy you whatever you want with my money dear hero member.
$2000 isn't a lot with regards to the profit or upside gold can give back. Btc could go up many times.
Gold? Near term I can't see more than a 5 x increase even if we have an ecnomic crisis. Hardly life changing.
Silver would give a better investment due to being around 75.1 with gold at present. So no, I wouldn't invest 2k into gold.
Enough with the attitude my friend
$2000 isn't a lot with regards to the profit or upside gold can give back. Btc could go up many times.
Gold? Near term I can't see more than a 5 x increase even if we have an ecnomic crisis. Hardly life changing.
Silver would give a better investment due to being around 75.1 with gold at present. So no, I wouldn't invest 2k into gold.
Enough with the attitude my friend
says the man with the weirdest attitude towards money ive seen in years...
....turning a grand into 5 is hardly life changing after all
Best Of Luck OP
Well I seem to have done ok in life my friend.
Yeah ok I'll buy you whatever you want with my money dear hero member.
$2000 isn't a lot with regards to the profit or upside gold can give back. Btc could go up many times.
Gold? Near term I can't see more than a 5 x increase even if we have an ecnomic crisis. Hardly life changing.
Silver would give a better investment due to being around 75.1 with gold at present. So no, I wouldn't invest 2k into gold.
Enough with the attitude my friend
$2000 isn't a lot with regards to the profit or upside gold can give back. Btc could go up many times.
Gold? Near term I can't see more than a 5 x increase even if we have an ecnomic crisis. Hardly life changing.
Silver would give a better investment due to being around 75.1 with gold at present. So no, I wouldn't invest 2k into gold.
Enough with the attitude my friend
$2000 isn't a lot of money. I believe it wouldn't be enough to invest in physical gold.
I'd go for Bitcoin and take the risk. No one got anywhere in life playing it safe.
If you can live with the fact that it COULD go to zero then do it.
I have and will again.
I'd go for Bitcoin and take the risk. No one got anywhere in life playing it safe.
If you can live with the fact that it COULD go to zero then do it.
I have and will again.
Gold gold gold gold. Buy the gold, sell the bitcoins already into my buys. 
only 654$ hahehahehahe sell into meeeeeeee
only 654$ hahehahehahe sell into meeeeeeee 
Gold is downtrend for the last two days, though not close to its recent lows. If anyone is interested, I'm cautiously taking long positions in gold futures. During the March fall we didn't break the November 2014 lows, so it seems to be a good time to buy gold at present prices...
50/50
compare in 30 days and re-evaluate
I doubt you would see much action in 30 days during this period of bitcoin barely changing 3% daily and going up and down. Bitcoin and gold as of right now seem as more of long term investments, and bitcoin you also get to pay and buy thing and do cool things with your investment.compare in 30 days and re-evaluate
Bitcoin was boring before, e.g. in 2012, and then it went parabolic in 2013. There's no reason why this can't happen again. It may get *really* interesting
Gold is forever.
50/50
compare in 30 days and re-evaluate
I doubt you would see much action in 30 days during this period of bitcoin barely changing 3% daily and going up and down. Bitcoin and gold as of right now seem as more of long term investments, and bitcoin you also get to pay and buy thing and do cool things with your investment. compare in 30 days and re-evaluate
50/50
compare in 30 days and re-evaluate
compare in 30 days and re-evaluate
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