If you had to choose between BTC and Gold
- Thread starter Ed48
- Start date
%%I would never invest in BTC and never invest in gold.
When it comes to trading, though...
LOL=that;
+ find more choices, better choices
Short tulips? But that 's a real market I dont really regret watching the con movie= ''The Sting'', but i would not want to waste much time on that big con or bitcon even though it was a fun + profitable movie for some.
IF i ever did lose my bank saving number not a big problem, because its a real market, with safety rules.
I find it almost comical that the website is supposed to be Elite Trader. Yet, even on a thread like this, everyone arguing is missing the obvious.
Inside the US, crypto is treated very unorthodox to the rest of the world. For some reason, they've decided to treat BTC as property.
This means by putting your investment into BTC instead of Gold, you will have a max-cap of 8% less when calculating how much taxes to pay to Uncle Sam for your profits.
Since no one is aware here of that fact, it leads me to suspect no one has managed to take profits yet.
Inside the US, crypto is treated very unorthodox to the rest of the world. For some reason, they've decided to treat BTC as property.
This means by putting your investment into BTC instead of Gold, you will have a max-cap of 8% less when calculating how much taxes to pay to Uncle Sam for your profits.
Since no one is aware here of that fact, it leads me to suspect no one has managed to take profits yet.
Without exchanges the price crashes. Looks what happened to Russian stocks when trading halted.
I think you're dramatically underestimating the ruthlessness of governments.
Read about executive order 6102.
Individual gold storage was certainly "decentralized" across the entire country, but that didn't stop the government from taking country wide coordinated action.
In many ways shutting down bitcoin would be easier than executive order 6102 was, because nodes need to continually advertise themselves in order to be useful. With gold bullion, someone could hire a guy to do a job, pay in gold and there may be no records and no internet traffic associated with the event. With bitcoin, the person has to go out and check the blockchain to make sure they're not getting ripped off.
Order 6102 isn't the only example of large scale coordinated action taken by a government. Governments have been doing big things out of the blue for thousand of years. Order 6102 would have been a piece of cake compared to things like:
October 13, 1307
December 17, 1862
December 7, 1941
January 30, 1968
December 24, 1979
Large scale action is just one of those things governments do sometimes. Think about the resources summoned up for the events above.
The idea that bitcoin could not possibly be shut down is simply a failure of imagination. No they could not seize all the bitcoin, but they don't have to. They just have to crash the value and make it extremely dangerous to transact in. Even if they don't shut down all the nodes, they can require all ISPs to report everyone communicating with one.
International boundaries complicate matters a bit, but they're not some magic force field. For example, Israel was willing to roll tanks right into Jordan and break open the vault of a bank that was engaged in terrorist financing. They even dropped a bomb on the bank president's house for good measure.
Is some random ISP going to risk a foreign hit squad in order to keep your bitcoin node or VPN link up and running? I think not.
It think this sums up the actual reality well.
https://xkcd.com/538/
I think a small allocation to gold can be reasonable in some circumstances. Assuming that it's actual, physical gold. You can easily imagine how having 10% of ones wealth in gold, as a jew in 1940's europe might have been just the ticket for getting out of town and saving your life. India has the largest per capita gold ownership in the world for a reason.
I would suggest one not plan to get rich by holding gold. It's value seems to have stayed relatively flat over a couple thousand years.
Gold, for sure. The rise and decline of crypto is mostly unpredictable and even though I acknowledge there is a chance to make profit, there is also a high risk of losing your investments. On the other hand, the value of gold is stable and has a chance to increase in case money loses its value. Second, gold is a physical asset that you can hold in your hands. Once you own it, it’s yours. Crypto however is not as safe as it’s advertised to be, because of the security branches online. I know there are many counterpoints, but I’d rather find new ways to invest gold on goldiramarkets.com then to trust a cryptocurrency.
