Quote from: J-Spark on September 05, 2017, 04:01:44 AM

Quote from: David Horton on May 18, 2017, 10:42:58 AM

So Bitcoin is better than Gold? Roll Eyes

Somehow it is better, because at this moment in terms of money, bitcoin can be converted and be transferred without or with a very low amount of tax. but if we are talking about the gold, then there will be a investigation or a high tax that you would pay if you have too much amount of gold, because they will be wondering where and when did you get those amount of golds. therefore, i guess im going to go on bitcoins cause it is faster, tax free, and its just better. Cheesy

Welcome to the board

The current situation is a great example of why gold beats bitcoin as a store of value, but not as a speculative instrument. Gold, on its worst day, would never devalue this much. If gold starts to downtrend, it will be much, much slower, and you will be able to get out, at least, before you run to ruin. cryptos, on the other hand, do exactly what happened last night: devalue drastically and suddenly before one can react, and stay depressed enough to trigger poor sentiment and additional selling pressure.

bitcoin is like, a decade old. gold, is fucking ancient Wink

take the sure bet