Topic: Is gold better than Bitcoin? - page 2. (Read 42166 times)
Both are equal to me. I buy golds with bitcoin earnings. Though these prices fluctuate, though these two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users who have not yet set security in their systems.
taking into account the latest developments gold is better than Bitcoin. The growth of prices for Bitcoin very attracts investors and traders. The gold is good to invest for the long term
what is spectacular about a piece of metal to attract investors into gold lets take a chance in virtual reality with tokens inside a computer is worth more than metal at the moment,i don't know how to compare gold with bitcoin in terms of valuationThat is why many are referring into bitcoins because there are a lot of ways to earn bitcoin. Even though gold is a very stable type of investments and legit one, but the market of gold is big but not that easy to get in as you are going to have a lot of competition and that is not going to be an easy thing for a gold investor.
taking into account the latest developments gold is better than Bitcoin. The growth of prices for Bitcoin very attracts investors and traders. The gold is good to invest for the long term
what is spectacular about a piece of metal to attract investors into gold lets take a chance in virtual reality with tokens inside a computer is worth more than metal at the moment,i don't know how to compare gold with bitcoin in terms of valuationThat is why many are referring into bitcoins because there are a lot of ways to earn bitcoin. Even though gold is a very stable type of investments and legit one, but the market of gold is big but not that easy to get in as you are going to have a lot of competition and that is not going to be an easy thing for a gold investor.
taking into account the latest developments gold is better than Bitcoin. The growth of prices for Bitcoin very attracts investors and traders. The gold is good to invest for the long term
what is spectacular about a piece of metal to attract investors into gold lets take a chance in virtual reality with tokens inside a computer is worth more than metal at the moment,i don't know how to compare gold with bitcoin in terms of valuationThat is why many are referring into bitcoins because there are a lot of ways to earn bitcoin. Even though gold is a very stable type of investments and legit one, but the market of gold is big but not that easy to get in as you are going to have a lot of competition and that is not going to be an easy thing for a gold investor.
taking into account the latest developments gold is better than Bitcoin. The growth of prices for Bitcoin very attracts investors and traders. The gold is good to invest for the long term
what is spectacular about a piece of metal to attract investors into gold lets take a chance in virtual reality with tokens inside a computer is worth more than metal at the moment,i don't know how to compare gold with bitcoin in terms of valuationtaking into account the latest developments gold is better than Bitcoin. The growth of prices for Bitcoin very attracts investors and traders. The gold is good to invest for the long term
what is spectacular about a piece of metal to attract investors into gold lets take a chance in virtual reality with tokens inside a computer is worth more than metal at the moment,i don't know how to compare gold with bitcoin in terms of valuation 
I love Gold as well as Bitcoins. I love to buy golds with bitcoin earnings. Though Their prices fluctuate, though they two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users.
Of course bitcoin is much safer than gold. The only users hacked are people who thinks just creating a wallet at blockchain.info is all they need but soon they see this is not the case. With a hardware wallet you can have peace of mind.
Although bitcoin is digital and gold physical both are good investments if you hold them. For me bitcoin is much better to hold as an investment as you can sell it right away when the price rises, i.e right now for example we can sell it if we bought at 500 or 600. Giving this better flexibility I vote for bitcoin and I only own bitcoin and not gold.
I love Gold as well as Bitcoins. I love to buy golds with bitcoin earnings. Though Their prices fluctuate, though they two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users.
I think something physical that can be stolen easily let alone something as valuable as gold, maybe you will be confusion in storing, different when storing bitcoin, yeah bitcoin more secure
To begin, I earn more bitcoin and to be sure not to risk their money -better just invest in gold metal. This is better than to wait and think that everything can be gone in a second.
I love Gold as well as Bitcoins. I love to buy golds with bitcoin earnings. Though Their prices fluctuate, though they two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users.
I think something physical that can be stolen easily let alone something as valuable as gold, maybe you will be confusion in storing, different when storing bitcoin, yeah bitcoin more secure 
I love Gold as well as Bitcoins. I love to buy golds with bitcoin earnings. Though Their prices fluctuate, though they two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users.
Of course bitcoin is much safer than gold. The only users hacked are people who thinks just creating a wallet at blockchain.info is all they need but soon they see this is not the case. With a hardware wallet you can have peace of mind.
Although bitcoin is digital and gold physical both are good investments if you hold them. For me bitcoin is much better to hold as an investment as you can sell it right away when the price rises, i.e right now for example we can sell it if we bought at 500 or 600. Giving this better flexibility I vote for bitcoin and I only own bitcoin and not gold.
I love Gold as well as Bitcoins. I love to buy golds with bitcoin earnings. Though Their prices fluctuate, though they two have same values, they differ in few scenarios. Gold is a physical coin and Bitcoin is a digital currency. Gold at times are stolen outside. Compared to gold, bitcoin is more safe though it is sometimes hacked from few users.
and for investing in gold we also need a large amount of money which is not affordable for every person so a person with lower amount of money cannot start trading in gold and investment in bitcoin is not a problem for those who will not have large amount of money.
No this is perception not the actual limitation to gold. First gold doesnt have to be mixed at 24 carat purity to be held as an asset, for purely trading then it does make it easier I suppose. However if we are talking minute amounts then holding a great big bar is not feasible nor required.
Purely common currency and gold money for many centuries now is the world longest standing national currency and that is Sterling soverign coins. Thats 22 carat gold and actually its a small coin not 1 ounce, its not cheap but its definetly not past the ordinary person to have a sovereign coin in their assets. This an extremely tradable piece of gold, probably in any jewelary store on any high street of the world you can walk in and use this coin for money so I dont see gold excludes anyone really.
Also its possible to hold digital gold standards, if you dont mind not having the physical. I know if I want I can buy about 120 dollars of gold fund mining companies with assets in the billions, my share is only 100 dollars or so but Im linked into a massive economy. All of these options mean gold is possible to have for normal people, gold is not elite
I think they are they are happy if you overpay $2 over spot for the oversupply of silver in the world. There is all the silver you want in 1000oz bars. How much do you need? I'll tell you were you can buy it.
Don't buy 18,000 oz of silver like I did. You'll end up bankrupt like I am.
Don't buy 18,000 oz of silver like I did. You'll end up bankrupt like I am.
If your goal is to actually make money, you would be buying before there's a physical shortage in 1000oz bars, not after (be first, be smart, or cheat). I also hear even the big players are buying 1 oz silver eagles and NOT huge bars.
The problem is that physical silver coin is not ever going to be used as currency ever again, no matter what happens. Period.
1. We are in a digital age and no one is going backwards, no matter what happens. Period.
2. When global collapses ensues such that you think you might be able to use metal coinage, what actually happens is as follows.
- As Fernando “FerFAL” Aguirre points out, only the currency that can be exchanged external to the crisis area has value. People are not bartering silver dimes, rather if you had German DMarks in Bosnia or USA dollars in Argentina, then these were accepted and liquid. Gold coins were much more difficult to liquidate because there is a funnel of few dealers that can't actually exchange them for the externally liquid currencies of USA dollars.
- As Dmitry Orlov points out, everyone's priority is on food, security, and transportation. Direct trade of these is more valued than some metal which can't be traded for these needs, because these metals are not liquid.
- Armstrong has also explained that gold and silver only have a value for as long as the collapse is not total and there is still an external market. During Dark Ages such as in Japan or fall of Rome, the gold and silver become entirely illiquid (is buried in the ground) and only food, guns, fuel, and alcohol+cigarettes become money.
See the link below to the description of the war in Bosnia:
You apparently lack appreciation of the significance of both marginal prices in economics, and also the non-linear effects of chaos.
1. With marginal prices in Economics 101, the price you pay is set by the most expensive producer. It is not a useful model to think of a 3/4 reduction in food production causing causing a 400% increase in prices, because when you take away 3/4 of the lowest cost producers, the new supply is highest cost producers. So as was the case in Bosnia, where the cost of food was driven by the highest cost producers, a tin can of Spam was $30 to $40, i.e. roughly a 1000% increase. You need to visualize this as disruption of economies-of-scale not only in farming, but also in terms of distribution economies-of-scale, security of farming and distribution economies-of-scale.
2. When the population has become dependent on high economies-of-scale in farming, distribution, credit, government, corporations, etc., and that is taken away by mother nature and or widespread war/pestilence (-4.5 F average temperature reduction in cold climates, with great aggregate effects such as flooding, droughts, etc), then the F.U.B.A.R. human effects are quite non-linear as described in that link bigtimespaghetti provided on surviving the war in Bosnia (which I had read long ago when it was first published). This can further exacerbate application of solutions and thus drive prices another 1000% higher.
Adaptation was essential as explained below, but the following adaptation can't be done if you are surrounded by humans who are suddenly thrust into a situation for which they are not prepared because they will hunt you instead of adapting:
1. With marginal prices in Economics 101, the price you pay is set by the most expensive producer. It is not a useful model to think of a 3/4 reduction in food production causing causing a 400% increase in prices, because when you take away 3/4 of the lowest cost producers, the new supply is highest cost producers. So as was the case in Bosnia, where the cost of food was driven by the highest cost producers, a tin can of Spam was $30 to $40, i.e. roughly a 1000% increase. You need to visualize this as disruption of economies-of-scale not only in farming, but also in terms of distribution economies-of-scale, security of farming and distribution economies-of-scale.
2. When the population has become dependent on high economies-of-scale in farming, distribution, credit, government, corporations, etc., and that is taken away by mother nature and or widespread war/pestilence (-4.5 F average temperature reduction in cold climates, with great aggregate effects such as flooding, droughts, etc), then the F.U.B.A.R. human effects are quite non-linear as described in that link bigtimespaghetti provided on surviving the war in Bosnia (which I had read long ago when it was first published). This can further exacerbate application of solutions and thus drive prices another 1000% higher.
Adaptation was essential as explained below, but the following adaptation can't be done if you are surrounded by humans who are suddenly thrust into a situation for which they are not prepared because they will hunt you instead of adapting:
Makes sense because the purpose of a currency is standardized, interchangeable units of measure, and bullion bars do not fit the bill. They're only useful for industrial applications, which is why many places in Europe charge VAT on bars and not coins. Also easier to avoid counterfeits with coins than bullion bars.
Actually doesn't make sense at all. You want to be buying bullion that can be liquidated if the collapse doesn't go extreme. Otherwise you don't want to be buying precious metals at all.
This is why crypto-currency is going to kick ass.
I would have maybe some 1 oz gold coins for a desperation situation, knowing full well that anyone that takes them in payment is only going to give me 1/10 their "official value" (or original value) in an apocalyptic collapse scenario.
Must better I have dollar bills and even better some crypto-currency, especially some that I am able to use anonymously if needed.
I am not betting on the apocalyptic collapse scenario, because if we go there then what I really need is to be self-sufficient. No amount of monetary currency savings can help me. I would need guns, fellow community, and ability to survive off the land.
Please stop talking nonsense about silver coins as an investment. It is stupidest thing I have ever once thought was true until I woke up from being a dumb ass tinfoil hat.
As for the future, both Hillary and Trump have talked about massive, expensive, public works projects, plus Trump has even talked about defaulting on the debt. Tons of govt spending that won't be paid for is pretty bullish on anything that's not connected to USD debt markets. We also reached peak oil in 2004, so extraction of anything from the earth is inherently more expensive after that date. The markets have just not caught up to the fact yet since markets are manipulated and distorted.
So buy gold bullion.
We also reached peak oil in 2004, so extraction of anything from the earth is inherently more expensive after that date. The markets have just not caught up to the fact yet since markets are manipulated and distorted.
Peak oil is propaganda lie that Rothschilds has been funding same as the Man-made global warming lie.
It is not true. You'd only need the flow of oil out of the ground of a medium size river, to supply the entire world's support of oil. The USA has risen to the #1 global producer over the past decade due to the discovery of fracking.
Besides we are moving away from carbon-based fuels and generation via nuclear energy, solar, hydroelectric, and geothermal. New technological breakthroughs in these areas plus battery technology will obsolete carbon fuels. Also we are moving towards living in high-density cities with mass transportation instead of one human per vehicle. Our vehicles can also improve efficiency by 100 - 200%. The technological innovation whirlwind is underway.
There is no strong case for silver. It is more volatile than gold, less liquid, and there is no supply crunch problem. The precious metal promoters are fooling you with lies and propaganda.
In the end though, you will always have tyranny without metals circulated as currency in native form. A "gold backed" currency is useless, they have to be circulated. Bitcoin does not solve any of those issues because Bitcoin is inherently a technoracy, which is what I told Theymos in the following thread:
https://bitcointalksearch.org/topic/m.16663846
https://bitcointalksearch.org/topic/m.16663846
There is no solution to the inviolable (insoluble) tyranny of the power-law distribution1 and the Iron Law of Political Economics power vacuum.
Sorry just accept the fate of the human race.
That unfortunate fact won't make gold and silver viable again, just because Bitcoin isn't a panacea. There will never be a panacea. Give up.
1 A. Dragulescu and V. Yakovenko. Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States.
In some sort of way it is better because it provides "real value"-for example money is backed by gold and gold is something physical while bitcoin isn't-however gold can't provide the possibilities and the comfort which BTC has-you can't transfer gold for goods or services-you have to trade it which makes it really complicated and BTC will always be the number one choice when it comes to fast and reliable transactions.
physically gold really hard to transfer and its always risk for your life knowing that you got a bunch of it for sure many will chase you unlike btc since its anonymous you can easily hide yourself without knowing that you are rich of it, also value of gold already been on its peak few movements can be done while btc still on an early stage we are still seeking for its peak for my opinion. 
In some sort of way it is better because it provides "real value"-for example money is backed by gold and gold is something physical while bitcoin isn't-however gold can't provide the possibilities and the comfort which BTC has-you can't transfer gold for goods or services-you have to trade it which makes it really complicated and BTC will always be the number one choice when it comes to fast and reliable transactions.
taking into account the latest developments gold is better than Bitcoin. The growth of prices for Bitcoin very attracts investors and traders. The gold is good to invest for the long term
I think that bitcon still better than gold, gold is very low to get profit in the long time
Bitcoin is best investment right now and you can get a lot profit if the price will be increases.
A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you
do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think
that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about
60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain....
no , gold can't be better than the gold , since bitcoin is not practical things to have but still it good to buy and hold for long time because it is safe and easy to hold without any risk .do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think
that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about
60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain....
so i will say gold is better but not more better than the bitcoin .
Bitcoin used to be called Gold in cryptocurrencies, but I think both are different and have their own limitations.
Gold is physical and tangible asset, while Bitcoins are virtual and have less value currently compared to Gold.
Even both have a huge difference between their market cap, so comparing both doesn't make sense IMO.
Well, they are different. I think bitcoin is still better than gold. I also felt that developing gold, is more difficult than in developing bitcoin, but it is very easy to get bicoin than gold. so I feel that bitcoin is still better than gold, even better, and I believe when the bitcoin prices climbed above $ 800, all the people who like gold, will switch seek bitcoinGold is physical and tangible asset, while Bitcoins are virtual and have less value currently compared to Gold.
Even both have a huge difference between their market cap, so comparing both doesn't make sense IMO.
Gold bugs switching to Bitcoin just because of price won't happen. Gold has been around for centuries while Bitcoin has only been around for a few years. Somebody who feels a sense of security in locking up his gold bars in his vault won't switch to Bitcoin overnight.
Bitcoin used to be called Gold in cryptocurrencies, but I think both are different and have their own limitations.
Gold is physical and tangible asset, while Bitcoins are virtual and have less value currently compared to Gold.
Even both have a huge difference between their market cap, so comparing both doesn't make sense IMO.
Well, they are different. I think bitcoin is still better than gold. I also felt that developing gold, is more difficult than in developing bitcoin, but it is very easy to get bicoin than gold. so I feel that bitcoin is still better than gold, even better, and I believe when the bitcoin prices climbed above $ 800, all the people who like gold, will switch seek bitcoin Gold is physical and tangible asset, while Bitcoins are virtual and have less value currently compared to Gold.
Even both have a huge difference between their market cap, so comparing both doesn't make sense IMO.
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