BTC VS Gold

in #bitcoin7 years ago


Articles referenced:

https://www.newsbtc.com/2018/04/21/bitcoin-touches-9000-as-bulls-take-over/

https://www.cnbc.com/2018/04/21/bitcoin-nipping-at-gold-demand.html

https://www.zerohedge.com/news/2018-04-20/turkey-will-repatriate-all-gold-us-attempt-ditch-dollar

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Gold can go fuck itself! BTC for the win forever and always!!! =D

I disagree. They both have their place. Gold is also limited in supply. It has intrinsic value, and has stood the test of time for at least 6000 years. Bitcoin has been around for what.... 6 years? I like bitcoin, but Gold and Silver are also very scarce and valuable. I wouldn't need a internet connection to use gold, but I couldn't easily take $100,000 worth of Gold to another country. I like em both - Gold for Hodling, and Bitcoin for..... Hodling - LOL

easy to store, easy to use, easy to transfer. You know who will win, don't you.

btc is better but you need to have both

Your so right about the view. Am with you on that point.

Better btc to buy gold :D

A lot of these economists are just jealous they didn't get in to make profits in a few months that has taken them years

if people are investing into something just because it going up that will not end well

To the point of precious metals playing a role in investment with crytos, #1 it is smart to cash cryptos out in p. metals when the market is high #2 a lot of people are also selling metals to buy cryptos right now, so p. metals are currently a little easier & cheaper to acquire.
Personally I think BitcoinCash is a much better investment than BTC, however I feel EOS is now the best bet, if you know how to play your cards right with it. No one will sell EOS until June right before it releases, and you really shouldn't buy it until then either. EOS is currently at an all time high and recently climbed to rank #5 passing Litecoin on coinmarketcap.com.

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Honestly, Gold is just a scarce substance with very low efficiency as medium of exchange. Bitcoin and cryptocurrencies are more suitable for long distance wealth transfer.

Bitcoin, like many other Cryptos represent the kind of decentralized system that needs absolutely no government intervention to flourish. That's why they're scared of it. Not just governments, virtually all big powerhouses in the current system are trying to bring Crypto down - they can try, but it won't succeed

You can compare them to infinity. Both types of assets have their advantages and disadvantages, which should be considered by investors. Bitcoin has grown in value over the past few years, and gold costs roughly the same most of its existence. Both assets have taken a fair share in the portfolio of investors because they both serve the same purpose in different ways. To date, it is useful to have both gold and bitcoin in your investment portfolio. But do not forget that gold can still somehow forge or reduce its part contained in the finished product, which greatly reduces its final cost. Periodically there are news about forgery of Bank ingots. With bitcoins will not be able to do anything like that.

Nice video with some great points, thanks for sharing. I've smashed the upvote button for you!

Also, if you are looking to get some tokens without investing or mining check out Crowdholding (https://www.crowdholding.com). They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.

How come no one recommends "Steem" as a quality cryptoCurrency to invest in?