Just a remark about Bitcoin, Gold and Water...

Sanugarid

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Quote from: TheGreatPython on May 30, 2020, 11:27:06 AM

Quote from: ifinta on April 10, 2020, 04:49:17 PM

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy

Any opinions? Wink

That's wrong. Water can be seen everywhere, so there is no similarities between water and Bitcoin. Moreover, basically you are contradicting yourself. If you are talking about nature then natural cloud will have water and the electronic format cloud will have anything hence why not bitcoins?

I don't know why this discussion has gone too long. Basically, the water is a natural resource from the planet unlike bitcoin that has been made 10 years ago so what's the point in comparing these two?

Quote from: TheGreatPython on May 30, 2020, 11:27:06 AM

You can even find water these days more than you can see Gold; there are streams, lake, rivers and there rest of them and it's even in your house when you switch on the tap. I think cryptocurrency (Bitcoin) is very unique, and what it requires is trust. It's something we don't see, it's simply mathematics and numbers that you only see on your screen using your computer or smartphone. We just have to trust in Bitcoin and it will keep growing, if not, it wouldn't.

Everyone will live even without bitcoin, not the same case if there's no water that should be the endpoint of the argument. They have different utility, use-case scenarios. OP should ask himself why natural stones are expensive than man made ones, just think the value of stone made under pressure. This is also why we should compare gold to bitcoin, I mean can we stop comparing at all? just enjoy every bitcoin you have coz its future is bright.

PavelMed

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Quote from: Genemind on May 14, 2020, 12:23:05 PM

I think we can't compare Bitcoin with water. Water is a necessity and no one can't live without it but it's free and we can find it everywhere. Its demand is high and continuous yet the supply is also unlimited. Bitcoin has a value, we need it but we can also live without it since fiat is still existing. The demand is high but the supply is also limited. Water is one of our major necessities, unlike Bitcoin and gold.

And we are 90% water, watermelon and even more - 95%. But nothing in nature and in the world consists of bitcoin. Well, of course, it can be grown, but the production of cucumbers is not complicated every year. I don’t think comparing bitcoin with water is possible at all

TheGreatPython

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Quote from: ifinta on April 10, 2020, 04:49:17 PM

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy

Any opinions? Wink

That's wrong. Water can be seen everywhere, so there is no similarities between water and Bitcoin. Moreover, basically you are contradicting yourself. If you are talking about nature then natural cloud will have water and the electronic format cloud will have anything hence why not bitcoins?

You can even find water these days more than you can see Gold; there are streams, lake, rivers and there rest of them and it's even in your house when you switch on the tap. I think cryptocurrency (Bitcoin) is very unique, and what it requires is trust. It's something we don't see, it's simply mathematics and numbers that you only see on your screen using your computer or smartphone. We just have to trust in Bitcoin and it will keep growing, if not, it wouldn't.

ifinta

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Quote from: shoreno on May 16, 2020, 01:59:17 AM

you forgot that when there is rain we can also see a rainbow and on the end of the rainbow they say gold exist there too . so they all somehow connected to each other . i dont get why you think btc is similar to water . just because water symbolize life or the flow of life ? you maybe thinking that people now invest thier saving on btc and treat it as thier life . hmm . that make sense to me now but gold is investment too although btc is a new thing and still hot in the peoples eyes

You have right - the rainbow is a kind of jewellery - sure

shoreno

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you forgot that when there is rain we can also see a rainbow and on the end of the rainbow they say gold exist there too . so they all somehow connected to each other . i dont get why you think btc is similar to water . just because water symbolize life or the flow of life ? you maybe thinking that people now invest thier saving on btc and treat it as thier life . hmm . that make sense to me now but gold is investment too although btc is a new thing and still hot in the peoples eyes

Negotiation

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I agree with you that bitcoin gold and water can never be compared to one another Both are needed in our daily work to survive However, Bitcoin is more valuable than gold. If the price of gold decreases the demand in the market will decrease but the demand for Bitcoin will not decrease. He will stay in the same place. But without water we cannot survive The name of life on the water Without water people will lose their way of life Bitcoin and gold can no longer be compared with water.

senin

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Quote from: Argoo on May 14, 2020, 01:39:56 PM

Quote from: jackg on April 10, 2020, 05:07:14 PM

Well the gold often mentioned is more "shiny stuff" that lay around the surface imo, just if someone else considered it valuable.

Gold in the ancient times was on the surface of the earth and in caves... But for obvious reasons it isnt anymore. Howvere, I don't think gold has much of a purpose anymore (don't think it can do much platinum can't).

Water is also kinda worthless so the anology doesn't really follow I don't think... Most of western europe have springs and lakes that carry drinkable water (not sure about the rest of the world).

Gold will also retain its value, as well as many centuries and millennia before. Regarding water, then it was never useless. This can be confirmed by people with a hot climate. But in the future, taking into account global warming and climate change, the cost of fresh water will constantly rise in price. Glaciers melt and mix with the salt water of the oceans. In lakes and rivers, the water dries up. This trend will continue. Therefore, fresh water will be of great value.
As for bitcoin, so far no one can say for sure about its future. We can only hope that his future will be beautiful.

Yes, fresh water in the current climate change environment will be in increasing demand. Who thinks that the reserves on our planet are inexhaustible, is mistaken. In the future, fresh water will rise in price. The demand for gold will be about the same. But it is hardly worth comparing the price of gold or water with Bitcoin. These objects, in my opinion, are not comparable.

Argoo

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Quote from: jackg on April 10, 2020, 05:07:14 PM

Well the gold often mentioned is more "shiny stuff" that lay around the surface imo, just if someone else considered it valuable.

Gold in the ancient times was on the surface of the earth and in caves... But for obvious reasons it isnt anymore. Howvere, I don't think gold has much of a purpose anymore (don't think it can do much platinum can't).

Water is also kinda worthless so the anology doesn't really follow I don't think... Most of western europe have springs and lakes that carry drinkable water (not sure about the rest of the world).

Gold will also retain its value, as well as many centuries and millennia before. Regarding water, then it was never useless. This can be confirmed by people with a hot climate. But in the future, taking into account global warming and climate change, the cost of fresh water will constantly rise in price. Glaciers melt and mix with the salt water of the oceans. In lakes and rivers, the water dries up. This trend will continue. Therefore, fresh water will be of great value.
As for bitcoin, so far no one can say for sure about its future. We can only hope that his future will be beautiful.

Genemind

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I think we can't compare Bitcoin with water. Water is a necessity and no one can't live without it but it's free and we can find it everywhere. Its demand is high and continuous yet the supply is also unlimited. Bitcoin has a value, we need it but we can also live without it since fiat is still existing. The demand is high but the supply is also limited. Water is one of our major necessities, unlike Bitcoin and gold.

coolcoinz

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Water falls from the sky and can be caught by spreading a tarp or putting out a pot... Does that mean Bitcoin can be easily obtained and collected? No.
Water is essential but extremely cheap compared to other resources. Bitcoin is the opposite: non-essential and expensive.
Also, all the water in the world has some piss in it, since all of it is being recycled for millions of years in a closed cycle.

Naida_BR

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Quote from: ifinta on May 04, 2020, 03:19:48 PM

Quote from: Naida_BR on May 04, 2020, 03:19:21 AM

Quote from: ifinta on April 10, 2020, 04:49:17 PM

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy

Any opinions? Wink

It is really hard for me to understand this correlation.
Water can be used and found by anyone around the world, while Gold is scarce giving this characteristic to Bitcoin as well as it is not so easy to be found and the supply is limited.

Just take a look on the Mars. What we search on the Mars with a big priority? Why?

We search for water in order to see if there could be life there.
Humans can live without gold and of course without Bitcoin so the similarity is not valid.
It is not something that if you don't have - you can't live.

wozzek23

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Quote from: ifinta on April 10, 2020, 04:49:17 PM

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy

Any opinions? Wink

There is water in the clouds but it still falls as rain and water is not only in the clouds, it's also in the seas, oceans, rivers and can easily be seen and felt almost everywhere. You can switch the tap on your sink and water will start running immediately.

So, there is no way that Bitcoin matches with the explanation you have made here. Gold is different from Bitcoin and they are not meant to be the same. In the case of Bitcoin and some cryptocurrencies, it's just mathematics and is up to the community to believe in it. When we believe in it, then it has value.

Lizzylove1

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So if bitcoin is liken to water in the sky, it means water is much more in great demand here on earth and without which we our society can certianly do nothing. This implies bitcoin is much more important than gold. Well bitcoin and gold are both good form of investment but bitcoin has a better ROI and it's easier to start trading than a regulated market like gold.

imstillthebest

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i dont know what your trying to pinpoint on here but im still trying to understand your prahse by reading it many times .

there is water on clouds , so your saying there are bitcoin on clouds too ? and clouds means bitcoin is going to rise high ? . gold is the one that is part of the nature but bitcoin is just man made and only existed online . however gold is known to be burried on the ground but gold can rise high too in terms of value

tbterryboy

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Lol I don't really see the correspondence between the water you have mentioned and Bitcoin. So, the sentence you made doesn't really make any sense to me.

If we are judging it that way, the same way water is in the cloud, that's the same way that you will find gold buried beneath the earth; gold doesn't just lay on top earth like you have described it. And another thing you have to know is that water is something that is physical and can be touched, but Bitcoin cannot be touched and is not physical like gold and fiat. There is no correspondence there at all. Let's just stop comparing and focus on more important things.

Viscore

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We might see it differently but for me Bitcoin is not a basic needs like water or a necessity, at least not for now but as soon as the massive adoption will be realize, bitcoin will become a money that anyone can spend anywhere, and therefore its value will increase and would become a necessity for people, just like money, but it will not happen if we will not support bitcoin now.

ifinta

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Quote from: Naida_BR on May 04, 2020, 03:19:21 AM

Quote from: ifinta on April 10, 2020, 04:49:17 PM

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy

Any opinions? Wink

It is really hard for me to understand this correlation.
Water can be used and found by anyone around the world, while Gold is scarce giving this characteristic to Bitcoin as well as it is not so easy to be found and the supply is limited.

Just take a look on the Mars. What we search on the Mars with a big priority? Why?

Quote from: mu_enrico on May 04, 2020, 01:06:29 PM

Quote from: ifinta on April 10, 2020, 09:30:56 PM

About clouds. Yes BOTH are stored in clouds - and BOTH has a limited amount in our Globe.
The price of the water can dramatically change also, as Bitcoin.
BOTH has some connection to the laundry...
BOTH can be stored in cold reservoirs... In cold wallets or in the Antarctica...
BOTH are well transparent, BOTH can be used anonymously, BOTH are used through whales, BOTH can be colored, ...

LOL, I appreciate your sense of imagination mate!

Quote from: ifinta on April 10, 2020, 09:30:56 PM

Water can be cheap - if it is much more, as we need, but if it isn't there, where we living, it can be very expensive also.

Yep, just like the diamond (or should I use gold?) and water paradox, the value of something is related to the marginal utility, not total utility.
However, in this case (about Bitcoin), the marginal utility of "consuming" one unit of Bitcoin is more similar to gold than to water in most cases.

Many THANKs for your opinion!

Quote from: palle11 on May 04, 2020, 10:40:27 AM

Quote from: ifinta on April 10, 2020, 04:49:17 PM

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy

Any opinions? Wink

Sorry I think your analysis is vain because you can't compare God's creation to what idea put together by human created by humans except you don't believe that there is a creator of the universe whom all glory is ascribed to.
The question to sum it up is if money can be in same level to water and the answer for me is no. Therefore, there is no comparison.

You don't have a time - to read my posts carefully... I see. Please act, as YOUR God act - MUCH MORE PRECISELY.

to others... (I hope I covered with two post every question, opinions...):

We selecting as medium for our ECONOMY an another medium, as God selected to our standard economy, our LIFE ON THE EARTH. Is this useful? Why we don't accepts to pay with WATER (or tokenized WATER), if WATER is already the medium of God's economy? (Oceans - similar, but there is TWO other medium for LIFE: oxigene and without oxigene - the places for anaerob bacterias, with some methane and ...)

ifinta

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Quote from: ispurispu on May 04, 2020, 01:56:00 AM

Hello it is a good question.

Made the BTC the government and make the control with USDT? Is it the new digital dollar? The Tether?
There is a Covid-19 crisis in 2020 before the btc halved. hm Roll Eyes

I think so, that these some screenshots tell something:

Perhaps Tr0llyTr0llFace says something with this:
https://threadreaderapp.com/thread/1256653632843460609.html

Nourel Roubini is not stupid see that:
https://nourielroubini.com/

Yeah crypto is not sure! But he says :

"Nouriel Roubini@Nouriel·1h
Brilliant thread by @Tr0llyTr0llFace on what is backing Tether. Highly recommended and worth reading"

https://www.bloomberg.com/news/videos/2020-03-11/roubini-warns-about-a-looming-credit-crisis-and-global-recession-video

What is your opinion about this ?
Perhaps BTC will be the solution with the USDT because of it is not decentralised.
Tether controls Bitcoin

https://twitter.com/Tr0llyTr0llFace

The only question. Will do the BTC a bear period before the halving ?

What is your opinion?? Roll Eyes

It is an offtopic post here, but I answered it, in an other thread. Many THANKs for your opinions and questions...

Quote from: ifinta on May 04, 2020, 03:13:32 PM

AND SOME other thread for you "only" Cheesy

of course ...
https://bitcointalksearch.org/topic/m.52486244
https://bitcointalksearch.org/topic/m.53944426 ((this was my last opinion, but the TESTING of ETH2.0 running (!!!!!) with priority AND ETH will HAVE A HALVENING WITH IT!!!!))

Dollar_Hunter

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Quote from: ifinta on April 10, 2020, 04:49:17 PM

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy

Any opinions? Wink

Why does Bitcoin have to be equated with water? that doesn't make sense, Bitcoin is digital gold or a substitute for gold in the future, I don't know your reason why it can be water, does it just flow? Bitcoin doesn't just flow in a river Shocked

mu_enrico

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Quote from: ifinta on April 10, 2020, 09:30:56 PM

About clouds. Yes BOTH are stored in clouds - and BOTH has a limited amount in our Globe.
The price of the water can dramatically change also, as Bitcoin.
BOTH has some connection to the laundry...
BOTH can be stored in cold reservoirs... In cold wallets or in the Antarctica...
BOTH are well transparent, BOTH can be used anonymously, BOTH are used through whales, BOTH can be colored, ...

LOL, I appreciate your sense of imagination mate!

Quote from: ifinta on April 10, 2020, 09:30:56 PM

Water can be cheap - if it is much more, as we need, but if it isn't there, where we living, it can be very expensive also.

Yep, just like the diamond (or should I use gold?) and water paradox, the value of something is related to the marginal utility, not total utility.
However, in this case (about Bitcoin), the marginal utility of "consuming" one unit of Bitcoin is more similar to gold than to water in most cases.

Topic: Just a remark about Bitcoin, Gold and Water... (Read 551 times)