Gold & Crypto

[sayyedraza 144]

On 10/1/2019 at 12:28 PM, hexwin said:

 

What do you think should crypto be against gold or maybe gold and crypto work great together?

I don't see anything wrong in using both of them as Store of Value and as payment option.

There is also several tokens backed by real gold, and this proves that it can work in real life.

 

 

Crypto vs Gold can be compare but it need some time , maybe some day it will be

Good Luck 

Thanks

 

[hexwin 4931]

Gold price is looking stable these days and many analytics are thinking that it's price will rise till the end of this year.

I am bullish on Gold and on Bitcoin

 

[suykast 8]

my thought, only the old generation still buy gold, if I look at the youth or the younger generation, they don't have much interest in gold but they do in the crypto, still its interesting when the dolar loses value or isnt backed by oil

[hexwin 4931]

What young generation is interested in crypto.... you mean 1% young from total 1% people
who are interested in crypto in total. There is so small interest in crypto, it can't be compared with interest for gold.

[suykast 8]

13 hours ago, hexwin said:

What young generation is interested in crypto.... you mean 1% young from total 1% people
who are interested in crypto in total. There is so small interest in crypto, it can't be compared with interest for gold.

You have to look at a longterm, maybe its 1% but alot young ppl dont have the money or the parents dont approve to buy some crypto, they are finding ways like faucets, browser mining, referrals in hyps to get some crypto, imagine that these youngsters will have the chance to buy or trade crypto in 2 or 3 years, its another thought

[hexwin 4931]

Most of kids dont even know what Bitcoin and crypto even is.
if you dont believe me go in streets and ask people and kids about it.

You will see results very fast.

If you ask them about gold...everyone knows about it

[Elton23 202]

They say Bitcoin is the new Gold, so crypto over gold in my view. Who knows what the future holds but Im confident btc price can only increase over time.

[Bills 583]

You can diversify with gold if you want, it is an asset that has always had value, you can buy in physical, or have in shares, it will always be good to have it. Direct comparison cannot be established.

[suykast 8]

6 hours ago, hexwin said:

Most of kids dont even know what Bitcoin and crypto even is.
if you dont believe me go in streets and ask people and kids about it.

You will see results very fast.

If you ask them about gold...everyone knows about it

I dont know where you live but im from belgium, kids know bitcoin but dont understand what it is, wont take long before they understand it, sure gold knows everybody but dont own any bars or ONS except jewelry, for sure they dont know the price of it, not saying gold is better or btc but the knowledge of gold and/or btc is limited, give it time and see which ppl will choose when the fiat/banks have some trouble
 

[hexwin 4931]

25 minutes ago, suykast said:

I dont know where you live but im from belgium, kids know bitcoin but dont understand what it is, wont take long before they understand it, sure gold knows everybody but dont own any bars or ONS except jewelry, for sure they dont know the price of it, not saying gold is better or btc but the knowledge of gold and/or btc is limited, give it time and see which ppl will choose when the fiat/banks have some trouble
 

Everyone have some gold at home, every country, even poor people have jewelry and rings.

There are a lot of studies in Europe and US and when people and kids where asked nobody knew what it is.

They even asked people to give them some free BTC and nobody wanted it

One of the videos:

 

[s107n 5727]

I think it is not necessary to oppose them to each other.  I think they can work well together as accumulators of value and assets for investment and profit on the basis of their individuality and value.

[hexwin 4931]

15 minutes ago, s107n said:

I think it is not necessary to oppose them to each other.  I think they can work well together as accumulators of value and assets for investment and profit on the basis of their individuality and value.

I think the same.

Gold will be on earth forever, and I don't see it being against Bitcoin.

In fact they can work together, so you can use Bitcoin and Gold as store of value., 

and Bitcoin for large international transactions.

[duncun007 3577]

We know gold has been a currency and a store of value since like forever and most big investors and governments tend to go for gold cuz their currencies are printed according the amount of gold reserved, yet when we compare profits since the beginning of this year we see gold is up about 20% while bitcoin is up 130%, and its actually this volatility that attract people to bitcoin.

[hexwin 4931]

Correct. Gold is much more stable than crypro and bitcoin.
It is even more stable than paper money.
Just study history of price money compares to gold and you will see
that for some things it's gold value stay the same for many years

 

Edited October 10, 2019 by hexwin

[bitcoin-shark 1928]

obviously one does not exclude the other personally I would use this strategy with half of my investment fund I would buy gold and with the other half bitcoin...

[hexwin 4931]

This are the countries with biggest Gold reserves in the world from year 2019 latest statistic

And also shown is the number of Bitcoin ATM machines worldwide, (slowly growing)

 

I would again ask all people to stay on topic and write about GOLD and BITCOIN
and not some gibberish copy/paste text.

 

Edited October 11, 2019 by hexwin

[joekahel 13]

GOLD still number one for now. Small risk and stable good for long investment and legal in around world.
BTC is good for future, fast, simple and still many risk. All is good you can make a both for the best. 

[Mathers 295]

On 10/1/2019 at 8:28 PM, hexwin said:

 

What do you think should crypto be against gold or maybe gold and crypto work great together?

I don't see anything wrong in using both of them as Store of Value and as payment option.

There is also several tokens backed by real gold, and this proves that it can work in real life.

 

 

There's nothing between the two entities that's worth any comparison, Crypto is highly volatile, Gold is not. Gold price is regulated or backed by some regulations, meanwhile crypto is decentralized. How then do you expect both work together.

[hexwin 4931]

Maybe It is to complicated for you to understand, as if you never saw two assets that work together, and one is volatile while other is not, Crypto is not the only volatile thing in universe....

[jumail 55]

On 10/3/2019 at 6:23 AM, robelneo said:

I'll go for both and there's no harm for going on both, both are store of value and we all know we should not put all our eggs in one basket, it's important that you also diversify, both value goes up and down.

I also prefer both.  bitcoin and gold have advantages and disadvantages of each as an investment tool.  Bitcoin volatility is much higher than gold, so it is easy to use for take profit if you are able to analyze the right timing for buy and sell, but the risk is also great, the price can fall sharply at any time.  conversely, gold prices are more stable.

So often I invest profits from trading in gold, it's safer.  I minimize the risk if there is a price change. recently emerged several stablecoin whose prices correspond to gold in real life.  digitization of gold, this is quite effective, the name is Gold Token.  well, the decision is in the hands of each, which is important we must understand the risks.

 

[sayyedraza 144]

Gold is Gold where Bitcoin is Bitcoin you can not compare to Gold with bitcoin because they both are different 

[Mohs3n71 0]

12 minutes ago, sayyedraza said:

Gold is Gold where Bitcoin is Bitcoin you can not compare to Gold with bitcoin because they both are different 

Why not ? both of them are available to invest on and each of them represent a value so they have their similarities and can be compared

[MyThoughts 514]

Bitcoin is one type of currency, and Gold is another type of currency.
But gold also fulfills other useful functions, such as in jewelry.
Gold was also a currency in ancient times, when there was no fiat currency in the world.
But Bitcoin is the currency of a new era with advanced technological progress.
And it has a great future, in my opinion.

[hexwin 4931]

 

Here is one interesting chart comparison for Gold, Fait money, Bitcoin and Crypto if we use them as money

Original link for full article:
https://www.bestbitcoinbuyers.com/why-is-bitcoin-valuable/proof-of-value-bitcoin-vs-national-and-crypto-currencies/

[Mohs3n71 0]

2 minutes ago, hexwin said:

 

Here is one interesting chart comparison for Gold, Fait money, Bitcoin and Crypto if we use them as money

Original link for full article:
https://www.bestbitcoinbuyers.com/why-is-bitcoin-valuable/proof-of-value-bitcoin-vs-national-and-crypto-currencies/

good comparison, a little hard to understand in some parts but good and usable chart after all