Which will do better in this Economic Crisis ??? BITCOIN or GOLD ??? - page 2.

Betwrong

legendary

Activity: 3374

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I stand with Ukraine.

Quote from: HardFacts on April 13, 2020, 09:21:26 AM

Quote from: Betwrong on April 13, 2020, 09:11:48 AM

No one can be 100% confident about what will happen in the future, we can only talk about probabilities.

You are TYPICALLY STUPID... You are unable to look at evidence and see the outcome of actions. I am sure everything is honestly a mystery to you. The village idiot is always the LAST one to figure things out...

BUT, any intelligent, educated person can see exactly where this is going, and the Economic Crisis will be worse than the great depression, and last for many years. It is economics and math...

Hard Facts

I'm going to ignore your insults because I know they arise from fear and uncertainty, and I'm not here to harm you, but to help you.

I used to be like you in my very young age, so, I can give you a pro tip. Stop acting like that, the sooner, the better. You will not only gain nothing from this kind of behaviour, but you can get in big trouble because of it.

First, educate yourself, read some good books(not only by Nietzsche and Schopenhauer, that you are reading, bc being great philosophers they often harm young tender souls). And even after that's done, be modest and polite, and then you'll see that the world is not as scary as you think.

Good luck!

HardFacts

member

Activity: 434

Merit: 29

Quote from: mk4 on April 13, 2020, 09:42:19 AM

Now what? you're going to say that the email is fake?

MK4, I do owe you an apology, you were correct.

I have hand it to you, you did the research and found some GOLD Grin

Nice Job.

PETER SCHIFF is awesome, he is not only the smartest economist on the planet, he runs an honest and reputable business, I would send him my BitCoins in exchange for Gold any day !!!

Hard Facts

mk4

legendary

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Paldo.io 🤖

Quote from: HardFacts on April 13, 2020, 09:03:59 AM

They do not make it super clear, but it is a SHORTAGE of Gold. If you have doubts call them up and ask them if they have stock. Look at every other major dealer, and see what their website says.

I am sure you are well aware that their is a shortage of Gold, but want to DECEIVE everyone here. You seem to have no interest in the truth or reality, only in your false narrative...

Is anyone here finding physical gold in stock at a major dealer Huh

? In 4 pages of this thread, you are the only one DISHONEST enough to not just admit this fact.

Hard Facts

I don't even know why I'm wasting time trying to convince you, but whatever here you go. I contacted them for you. Again, we're in the middle of a freaking pandemic. Obviously deliveries are going to be delayed. And you can see clearly written that GOLD IS AVAILABLE. What the heck would I get by "deceiving" everyone anyway? I'm actually a gold bull, and I'm just stating the fact that THEY HAVE STOCK. We done now? This is going to be my last reply as it's pretty pointless already.

Now what? you're going to say that the email is fake?

HardFacts

member

Activity: 434

Merit: 29

Quote from: Betwrong on April 13, 2020, 09:11:48 AM

No one can be 100% confident about what will happen in the future, we can only talk about probabilities.

You are TYPICALLY STUPID... You are unable to look at evidence and see the outcome of actions. I am sure everything is honestly a mystery to you. The village idiot is always the LAST one to figure things out...

BUT, any intelligent, educated person can see exactly where this is going, and the Economic Crisis will be worse than the great depression, and last for many years. It is economics and math...

Hard Facts

ub4sure

newbie

Activity: 1

Merit: 0

well two different things to compare. anyway i would vote for gold as it's more stable than bitcoin

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: HardFacts on April 12, 2020, 09:55:16 AM

Quote from: Betwrong on April 12, 2020, 08:37:05 AM

Also, your "fact" that this crisis "will last for MANY YEARS after the COVID-19 virus is cured" isn't a fact either.

Your forum name is PERFECT for you, because you are absolutely wrong Cheesy

In about a year when we are in the worst economic crisis that you can imagine, Come back, and read this and tell yourself what a complete fool you were Grin

But realistically, fools rarely are smart enough to admit they were wrong... You will probably find a way to rationalize to yourself that you were right, and that no one could have seen it coming...

Hard Facts

Well, I wasn't claiming I was telling the facts. You were. No one can be 100% confident about what will happen in the future, we can only talk about probabilities. And I think that in the world that has been learning how to deal with harsh situations for many years the probability of unimaginable economic crisis is very low.

Richard Feynman, a prominent physicist and the Nobel prize winner, once said: “Religion is a culture of faith; science is a culture of doubt.” And your statements here look more like religious ones. Think of it.

HardFacts

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Activity: 434

Merit: 29

Quote from: mk4 on April 13, 2020, 12:40:28 AM

Quote from: ?? on ??

The gold dealers do NOT, NOT, NOT have any gold to ship, that is a SHORTAGE, not a shipping delay... Again, you are unable to comprehend grade school English. Learn the difference.

You're the one not comprehending grade school english. it literally says there's a shipping delay, not a shortage.

They do not make it super clear, but it is a SHORTAGE of Gold. If you have doubts call them up and ask them if they have stock. Look at every other major dealer, and see what their website says.

I am sure you are well aware that their is a shortage of Gold, but want to DECEIVE everyone here. You seem to have no interest in the truth or reality, only in your false narrative...

Is anyone here finding physical gold in stock at a major dealer Huh

? In 4 pages of this thread, you are the only one DISHONEST enough to not just admit this fact.

Hard Facts

HardFacts

member

Activity: 434

Merit: 29

Quote from: arwin100 on April 13, 2020, 06:47:26 AM

might you will get crazy when 1 day you saw the price got drop badly since for now the economy is struggling and bitcoins is affected on it.

That's why for now I go for gold since this is the safest commodity where we can safely store our money since the price is in stable shape.

UNTIL RECENTLY, BitCoin was being pumped up as " DIGITAL GOLD ", there was even a huge advertising campaign touting BitCoin as Digital Gold... That FALSE NARRATIVE sure went down the toilet quickly with BitCoins response to its first economic crisis Cheesy

Had I posted the above FACT in January, you would have all be ridiculing and dismissing it as FUD....

Hard Facts

HardFacts

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Quote from: elitium.io on April 13, 2020, 06:08:37 AM

and there are no "secure investments" at the moment.

WRONG, WRONG, WRONG... GOLD is a secure investment at the moment... And yes there are investments that are actually going up in value, you just have to be smart enough to know what they are.

Seriously, what a dumbass statement.

Hard Facts

FanatMonet

hero member

Activity: 742

Merit: 507

Personally, I would rely on gold in times of crisis, and if it won’t bring much profit in a short time, but it’s an asset protection tool that has long been established. Bitcoin, however, can bring big profits, but also big losses, in case of an unfavorable outcome.

arwin100

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Jack of all trades 💯

Quote from: Anonylz on April 13, 2020, 03:04:18 AM

Both are great investment, one brings faster returns than the other, so is the risk involved, but from the way things are going generally and the future uncertainties, I would invest in both, 50-50, after all, it is not good to lay our eggs in one basket, with Gold your investment is safe, btc brings with it adrenaline Cheesy

This way, anyone that performs well I still won't miss out on it.

If you can take the risk by bitcoins for now then maybe you are in good selection but if you are just hype by those theories or certainly bring by fudster then you are in wrong direction since by now the volatility of bitcoins is unpredictable sometimes it goes up and it goes down, might you will get crazy when 1 day you saw the price got drop badly since for now the economy is struggling and bitcoins is affected on it.

That's why for now I go for gold since this is the safest commodity where we can safely store our money since the price is in stable shape.

BlackFor3st

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Activity: 1932

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Betking.io - Best Bitcoin Casino

Quote from: HardFacts on April 11, 2020, 04:49:57 PM

FACT: BitCoin grew up in an Economic Bubble, we are now in an ECONOMIC CRISIS that is just getting started and will last for MANY YEARS after the COVID-19 virus is cured. BitCoins 50 % CRASH at the start of the economic crisis should worry everyone as we now know how BitCoin reacted to its first real crisis.

FACT: Gold has gone up in value in response to the crisis, and it is virtually IMPOSSIBLE to buy gold actual gold coins now, everyone wants gold, but no one is selling. This should clue in even the dumbest people as to where the real price is going.

NO ONE here would have predicted these facts just a few months ago. If I had posted this in January, most people here would have been ridiculing and denying the above facts, and telling everyone to just ignore it as FUD.

THE QUESTION IS: Is anyone here starting to figure things out yet ? Or has reality not hit you had enough yet Huh

Which will go up more from today: GOLD or BITCOIN

Vote, and post your answer below. Months pass quickly, we will look back and prove who is a wise investor, and who is a fool.

https://i.imgur.com/u6MUK2l.jpg

In my view, it is pretty obvious that bitcoin will do better in this time of crisis because no one can easily access gold in this crisis while anyone who have internet can easily access and use bitcoin in this crisis.

The latest dump were likely because of the effect of covid 19 where many countries imposes a lockdown therefore many holders were force to sell their assets just to survive the lockdown but even if the dump is there, we can still use bitcoin unlike gold that no one will likely to buy it now. And as the result of the poll, I saw that many are in favor to bitcoin compare to gold.

elitium.io

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Activity: 96

Merit: 0

A Digital Economy for a Life of Value & Growth

Quote from: Ozero on April 12, 2020, 12:15:41 AM

During periods of global economic crises, the national money of states depreciated, and gold grew in value. Cryptocurrency was also created after the last economic crisis as a financial asset that would not be subject to inflation. In this regard, gold and cryptocurrency should work as a refuge from inflation. Which of them will be more successful, time will tell.

Yes I agree, only time will tell.

I think the good news is that general traction for crypto increases, since people are looking to diversify their portfolio and there are no "secure investments" at the moment. Many smaller coins will get in trouble if they don't have the right internal structure or business case behind their currency, for BTC itself it will be positive mid term I believe.

We are still only in the beginnings and we all know how much potential is left, also if you consider that 80% of the central banks are working on creating their own cryptocurrency according to https://cryptopotato.com/80-of-central-banks-are-working-on-launching-their-own-cryptocurrency-bis-report-says/, this is a very bullish sign in the long run.

Let's see when and how this is going to turn out

maxreish

sr. member

Activity: 1330

Merit: 326

I both have gold and bitcoin but honestly, in times like this. I am cashing out some of my bitcoin in exchange to fiat money to sustain our financial needs to buy foods and other neccessities. But comparing those two, i have seen some news regarding gold when pandemic came;

Quote from: https://www.google.com/amp/s/www.forbes.com/sites/simonconstable/2020/04/08/covid-19-panic-sparks-record-breaking-gold-buying-binge-during-first-quarter/amp/

The COVID-19 pandemic has made investors go crazy for gold so far this year.
Surging demand for the yellow metal has sent prices for gold higher, bucking the trend of the broader financial markets which have tanked in recent weeks.

Also, it increases 2% again last week Possible that this gold will to combat economic issue with corona virus.

madhavsinghrajput

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Merit: 30

Quote from: HardFacts on April 11, 2020, 04:49:57 PM

THE QUESTION IS: Is anyone here starting to figure things out yet ? Or has reality not hit you had enough yet Huh

Which will go up more from today: GOLD or BITCOIN

I don't think gold should be compare with anyone be it bitcoin or stock market.As these are two are different things and people buy them with different mentality.Mass selling you see in bitcoin or even in stock market will not be seen in gold.Though people buy gold as an investment but it still comes in luxury product category and bitcoin or stocks are purely investment other than that they are of no use at least right now in my country.This massive rise and dips of prices in crisis situation are due to mass selling and low liquidity and these are common in bitcoin or stocks but people won't prefer to sell there gold over bitcoin due to its multidimensional use and trust factor.Soo these sort of comparisons are irrelevant and must be avoided.

Anonylz

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Both are great investment, one brings faster returns than the other, so is the risk involved, but from the way things are going generally and the future uncertainties, I would invest in both, 50-50, after all, it is not good to lay our eggs in one basket, with Gold your investment is safe, btc brings with it adrenaline Cheesy

This way, anyone that performs well I still won't miss out on it.

KrisAlex18

full member

Activity: 742

Merit: 160

I'm still on favor of bitcoin even though it has been affected by the virus, the bitcoin goes down so deep when the pandemic virus exists, still bitcoin is the safe haven for me because there are so many times bitcoin experiened this things but look bitcoin is still alive, way back before bitcoin goes down for about 1,700$ but still getting recovered from losing.
So for sure bitcoin will be recovered from this, if you have so long experience from crypto world, I knoe that you are one of us who still believe on bitcoin than gold.

mk4

legendary

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Merit: 3873

Paldo.io 🤖

Quote from: ?? on ??

The gold dealers do NOT, NOT, NOT have any gold to ship, that is a SHORTAGE, not a shipping delay... Again, you are unable to comprehend grade school English. Learn the difference.

You're the one not comprehending grade school english. it literally says there's a shipping delay, not a shortage. You're just making assumptions not stating hArD fAcTs.

Quote from: ?? on ??

No matter how you try to spin it, it is Exactly as I said, you can not get Gold from a major dealer right now.. People have to be reading your DISHONEST and DECEPTIVE posts and shaking their heads. What kind of total loser has to LIE to try to make a point Huh

Taking a look at the replies of all the topics you've made, I don't think I'm the one they're shaking their heads at. Roll Eyes

sujon5

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I don't like comparing cryptocurrencies with precious metals, they are extremely different types of assets. And moreover, gold has already faced the global economic crises, while Bitcoin doesn't have such experience. So just let the time show us which one asset will be more "successful".

HardFacts

member

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Quote from: yayayo on April 12, 2020, 03:49:07 PM

There are even online shops who sell their Gold bars and you can pay with.. Bitcoin

ya.ya.yo!

Yes you can pay with BitCoin, they are dong you guys a HUGE FAVOR by letting you get rid of your BitCoin and get some GOLD Grin

What they are doing is accepting your BitCoin, instantly changing it to US Dollars, so in reality they are receiving US Dollars for their gold. They just made it quick and easy for you to get rid of that BitCoin.

TAKE ADVANTAGE OF IT Cheesy

Hard Facts

Topic: Which will do better in this Economic Crisis ??? BITCOIN or GOLD ??? - page 2. (Read 677 times)