Quote from: markj113 on August 13, 2015, 03:07:31 PM

Quote from: valiz on August 13, 2015, 12:56:54 PM

Quote from: SFR10 on August 13, 2015, 11:47:26 AM

Quote from: boopy265420 on August 13, 2015, 10:00:09 AM

Till few weeks ago I was thinking Bitcoin is the best way to keep your savings.I would say now Gold is Gold and always will remain same but some part of the savings should be converted in Bitcoins too.It is always advised to not keep all the eggs in one bucket.

what made you change your mind regarding best method for keeping savings ?

Same to me as SFR10, but I'm not sure if for the same reasons.

If you follow the max block size debate you will realize that bitcoin faces some serious limits when it comes to scalability. You can't have mass adoption without compromising decentralization. One needs digital storage and bandwitdh to be part of the bitcoin system. The increase in storage and bandwith requirements are reasonably proportional to the number of transactions processed by the network.

Those guys agresively advocating for a hard fork to increase the max block size made me very worried about the future of the system. Ultimately, bitcoin is a human creation and it will fail eventually. Gold will survive.

So, it's much safer to choose gold instead of bitcoin.

But personally I'm choosing none of them. Gold is a barbarous relic used by savage bearded barbarians in the Middle East and is not legal tender around here, and you are probably a dubious citizen if you hold it. Central banks are holding it just to show off to each other.

And yet gold and other precious metals are all used more and more in our societies state of the art cutting edge technology such as CPU's, solar cells, CAT's, space craft and satellites.

If precious metals did not exist I wonder if you would even been able to make that post on computer over the internet.

You sound like another one of the sheeple that has swallowed the propaganda while the people at the top accumulate gold at an ever increasing rate just waiting to hit the big reset button.

Ah c`mon thats a tiny percentage, it's like saying that bitcoin faucets drive the bitcoin economy (when its obvious that the venture capitalists & startups do). Cheesy

They put a few miligrams of gold in each chip which is tiny tiny and insignificant.

Gold has only 1 major use, jewelry, which will stay for long term, but that factor is severely overhyped. Gold could be much much lower if CB weren't hoarding it, because jewelry users dont really care about gold price, they care about appearance.

They dont care if gold is 1$ or 1000$, just like if you put a string around your neck with some emblem on it, it maybe cost you 5$ for that amulet, but its only for appearance, not for investing purposes.

Apart from CB hoarding and a few gold bugs, not many other guys are interested in investing. So thats like <1% of the population (not a good trend guys!)