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Forum » Serious question: Why would I ever invest in bitcoin when I can invest in gold/silver
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Thread: Serious question: Why would I ever invest in bitcoin when I can invest in gold/silver

post 1536162301 11-30-2017, 06:28 PM
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Serious question: Why would I ever invest in bitcoin when I can invest in gold/silver

Explain to me please.

Edit: Real gold, not gold stocks.
post 1536162541 11-30-2017, 06:31 PM
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Serious question: why make yet another crypto thread when there's hundreds discussing every bit of it in the crypto mega threads?
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post 1536162871 11-30-2017, 06:34 PM
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Originally Posted By Sonwukong⏩
do you buy physical metal or just gold/silver stocks?
Gold stocks? lol if anyone buys gold stocks you might as well invest in bitcoin.
post 1536163061 11-30-2017, 06:37 PM
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brb
gold = 3x return in 15 years
bitcoin = 3x return in 15 weeks

if we're going to 'invest' in either with no intrinsic value might as well be bitcoin
post 1536163191 11-30-2017, 06:38 PM
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Originally Posted By iceypain⏩
brb
gold = 3x return in 15 years
bitcoin = 3x return in 15 weeks

if we're going to 'invest' in either with no intrinsic value might as well be bitcoin
Real gold, not gold stocks....
post 1536163221 11-30-2017, 06:39 PM
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Did gold go up 1000x this year alone?
Fck u james
post 1536163291 11-30-2017, 06:39 PM
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Originally Posted By AdvancedDreamer⏩
Real gold, not gold stocks....
yes
post 1536163811 11-30-2017, 06:45 PM
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Originally Posted By AdvancedDreamer⏩
Explain to me please.

Edit: Real gold, not gold stocks.
Gold has basically done nothing but go down and then trade sideways a little bit since it's peak in 2011 at around 1800 or whatever. I own quite a bit of gold eagles, and, while I'll never sell them, I consider them to just be a loss. I assume the POG right now is about 1250-1300 because that's what it's been for years, and I don't even pay attention to it. Meanwhile, bitcoin has had the kind of growth that no other commodity in the history of the world has had. Yeah, what goes up must come down, but bitcoin is more than just a bubble, there is obviously a lot of money behind it, and it's global.

Also, I think one of the huge reasons why bitcoin has had this kind of stellar growth is that people haven't been able to short it. Jp Morgan can't just go in and short tons of bitcoin when they don't even possess any of it, and they can do that with gold. If you want to sell bitcoin, you have to own it first.
post 1536163831 11-30-2017, 06:45 PM
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Because bitcoin actually goes up while gold does nothing
post 1536164701 11-30-2017, 06:53 PM
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thanks for the answers
post 1536164751 11-30-2017, 06:53 PM
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Because

https://coinmarketcap.com/currencies/bitcoin/
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post 1536164831 11-30-2017, 06:54 PM
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post 1536165301 11-30-2017, 06:59 PM
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Originally Posted By iceypain⏩
brb
gold = 3x return in 15 years
bitcoin = 3x return in 15 weeks

if we're going to 'invest' in either with no intrinsic value might as well be bitcoin
Lol nothing has instrinsic value, we give value to things. Gold is more valuable compared to other precious metals however due to it's scarcity and chemical properties.
post 1536165521 11-30-2017, 07:01 PM
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Buy platinum and make some easy gains
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post 1536165591 11-30-2017, 07:01 PM
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Lol at investing in gold William Devane ass motherfuker. Hit the stock market cuhh
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post 1536166001 11-30-2017, 07:05 PM
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Gold has never really earned money; it's largely kept the same value over years. Gold has (mostly) the same purchasing power these days as it did decades ago. So really you're just holding onto the value you have accumulated. Whereas with others it will fluctuate in actual value and increase or decrease in value.
post 1536166361 11-30-2017, 07:10 PM
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Gold lol

atleast buy stocks, for instance Netflix made some pissening gains in the last 3 years.

anything but fukking physical gold, lol
When it all comes down
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It's calling your name and filling your head
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post 1536167821 11-30-2017, 07:24 PM
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Question for traders: Name me the stocks that have had Bitcoin-level gains within the last two years, ie. $1000 to $10,000 in one fiscal period.
post 1536168061 11-30-2017, 07:28 PM
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Originally Posted By 21stCenturyKid⏩
Question for traders: Name me the stocks that have had Bitcoin-level gains within the last two years, ie. $1000 to $10,000 in one fiscal period.
NOt only can nobody name a stock that can compete with bitcoin, they can't name any financial instrument. Better challenge would be to name one tradeable asset in the past 4,000 years in any civilization or empire that can compare with bitcoin. Maybe the price of grain in Egypt during some ancient famine. Bitcoin makes the dutch tulip mania look like just a little blip.
post 1536168541 11-30-2017, 07:33 PM
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I am a extreme normie who entered crypto in the normie peak in June... still made huge gains lol. it was literally on a plattter
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post 1536168781 11-30-2017, 07:35 PM
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Originally Posted By SonnyBoyo⏩
NOt only can nobody name a stock that can compete with bitcoin, they can't name any financial instrument. Better challenge would be to name one tradeable asset in the past 4,000 years in any civilization or empire that can compare with bitcoin. Maybe the price of grain in Egypt during some ancient famine. Bitcoin makes the dutch tulip mania look like just a little blip.
Maybe.

My question was not rhetorical, by the way. I am genuinely curious as I have never touched stocks in my life.
post 1536169661 11-30-2017, 07:43 PM
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Originally Posted By iceypain⏩
brb
gold = 3x return in 15 years
bitcoin = 3x return in 15 weeks

if we're going to 'invest' in either with no intrinsic value might as well be bitcoin
Actually gold does have inherently intrinsic value. Bitcoin does not. That's not the topic of this thread tho so I'll leave it at that
Bald head scallywag
post 1536170511 11-30-2017, 07:50 PM
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I work in an investment bank and even people here have different opinions on Bitcoins. Some people have dumped a huge proportion of their wealth into it, some have a couple of grands "just for fun and have something in common to talk to people", some are on the fence and some are 100% skeptical.

In short: no one knows.

Edit: I'm in the "investing just for fun" group. A good conversation starter every morning.
post 1536172201 11-30-2017, 08:05 PM
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gold is the most historic value holding asset
the same goes for plot land

but since 2014...bitcoin for those who bought on 2014
is considered lucrative

even the stock market, went from 8000 to 23000 in a 4 year period

so it depends on what is more lucrative, and what bring the gains to the orginal money invested

sadly i havent invested in bitcoin
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