Theres zero likelihood of a goldbug or just any user of gold needing to give up on a failed market especially.   Its perfectly inert and able to sustain its price vs a failing global reserve system based off politics.   The most obvious long term argument for gold usage likely to rise over decades is net central bank buying.  If the market itself does not reflect a reasonable popular price then still central banks continue to exchange gold as a reserve asset in settling debts between countries of especially large amounts.  If that trend is rising that banks increase their holdings and its been true for a decade then in time the price for gold is not especially due to contract.

Bitcoin on the other hand I think best suits the smallest amounts transferred and perhaps the most often.   It must be ready for that purpose to be useful and then value can be built upon that usage and higher speculative activity is justified.  But the base case for BTC imo in enabling business that might otherwise not occur, this is no insult to refer to the smallest amounts as the greatest growth rates come from the smallest entities and as we all know most of the world is not rich.
  If crypto can enable the poorest to greater confidence and efficiency in value transfer it would be such a positive event for all involved, thats a market with many billion people.  Where as the simple base case for gold I mentioned is just between merely dozens who barter in many billions of worth, a much more restricted and staid market.

Where you have bitcoin users believe that bitcoin will become the next reserve currency, replace banks, crash the financial system and replace fiat.  

You also have the HODLers that also like to think you buy a bitcoin, sit on it for a few months and wake up one morning a millionaire also buying bitcoin qualifies you as an investment and financial guru instantly giving you qualifications to advise all newbies to sell the house, car, boat and family and go all in no matter what the price.

Russia debt to GDP : 12.6%
US debt to GDP : 105.4%

US just below Butan So who is destroying themselves?
https://tradingeconomics.com/country-list/government-debt-to-gdp

I was wondering, what does it take for a hardcore goldbug like Peter Schiff, or our very own r0ach, to admit that they fucked up big time holding gold instead of Bitcoin?

Currently gold is around 7 $trillion marketcap, I haven't paid attention to gold to get the exact value but last year it was around that. Bitcoin is around 100 $billion as of today.

At what point will some traditional goldbugs publicly accept that they should have at least, diversified some of their gold into Bitcoin? I have added a poll with 5 options, the most conservative one is when BTC reaches 1 $trillion, because I don't expect any of them to admit they were wrong any time sooner than that.

The poll never expires.

We are making that statement racing on the things we see and as far we are seeing only bad things happening and only red colours on the wallets of our, - $1,000 for me for the last few weeks.

The delayed transactions of using bitcoin Is one of the major problem and I believed the development team of bitcoin already worked for It to fix as much as possible. To make those costumer well satisfied to use bitcoin for online transaction in blockchain.

These goods looks a good package. Clothing and accessories even seems like the most sort after of the products you listed. Why not make it a whole big package? Convincingly, there is nothing Physical cash can do that Bitcoin cannot in this present age. This means you can trade anything for Bitcoins too, as far as you've attached a reasonable Bitcoin value to it. Take a look at these stuffs
1. Wrist watches (Branded ones like Rolex)
2. Electronic gadgets (TV, Sound systems etc)
3. Laptops, Android phones and iPhones (probably all Apple products)
4. Cosmetics
5. Quality Shoes too

In this world of glamour and luxury, all you need do is to grow your market base by increasing popularity amidst Crypto-Users. Be popular for receiving Crypto-coins for items purchase. Also, make some research to know  the most popular Crypto per region/location. Do not generalize the acceptance of Bitcoin only, diversify. Receive ETH along side. Moreover, We have online market platforms like Alibaba-express, Shopify, Magento, Yokart and so on. Look into their market strategy and apply them. In few years time you stand to be one of the leading online marketer accepting Crypto-coins as far as you keep expanding and increasing the number of your products exponentially.

 

Honestly, BTC is hard to be used comfortably because now it is easily volatile and not stable. Its price is fluctuating all of time. Furthermore, it still has more the speculation. But if BTC can fix all of its shortcoming, it would be regulated and popular in any transaction in the world. Since btc has more advantages by its technology. At that moment, people would feel comfortable using BTC as a real currency.

What is that supposed to mean? That projects need more advertising to succeed? That's one way of seeing it. On the other hand there's so many bad projects that are advertised aggressively that I'm scared to think how much spam we'll be going through on a daily basis when every single project takes takes advertising up a notch. We don't need more ads, we need better projects, and less of them. Also, saying that community has to engage is like saying, "you want profits, work for them and promote the projects for us".

Even crypto expert never point out what exactly happened next,  even they say it pumps in the couples of days from now but there is no guarantee of having that trend at all.  It is better not to totally depend on predictions, instead we must have to observe it with our own.

That trend up and down creating loop was just similar to last one , idont say it is finished but obvious it was too similar. This loop is smaller then previous one, i was expecting it to long more but thats ok. because it didint end it can go below previous year record. Tops are below previous and bottoms are below previous and main trend is down so  i expect 4-5k as a new bottom record.it will turn from that bottom and rise a little but dont think so to pass above 8k, it may reach 7k and come back.Also expecting less volatilty for the rest of this year.

I disagree. bitcoin is a currency, you can think of it as a tool too. and it is not a magic tool to make money for anyone who has ever gotten involved with it. so it can not decrease poverty, it can not improve economy of a country and can not do a lot of other things.

in fact bitcoin may have increase the poverty! there have been a lot of newbies who started investing in bitcoin in the past couple of months and many of them bought on highs and sold after a dip which led to losing a lot of money, then bitcoin went up they bought back too late and panic sold in the correction/dip and lost a lot more money.

this has nothing to do with banning or not banning bitcoin though!

I don't call such markets, unhealthy.

The way BTC is maintaining its support near $6k, this shows that the market is strong at these points and there is organic volume and hodlers to support such price range. We have volume. To grow, we definitely need more volume and investors and market is still figuring that out. There is nothing wrong in market having a slower growth.

Hate to say it, but the more you try to prove those intentions are sincere, the more people are going to be skeptical of your claims--especially here, where it seems like every other ICO is a scam with fake profiles and nonpayment of bounty hunters.

More important IMO would be showing why your project is worth investing in in the first place, i.e., that it's useful and worth investing in.  I've no doubt you'll get a lot of speculators interested in it, but they'll flee and sell everything off as soon as whatever you're selling goes to market.

Whatever you do, marketing is something you'll have to spend money on.  There's no way you'll get interest unless you advertise, and that means paying people to do it.  I don't know of any project thus far that hasn't had some sort of campaign involved.

Both are good investments, but I just want to emphasize that education is something that is so valuable to everyone and no amount of money can compare to that, it is not just your ticket to get a job but it is something that your life will depend on, your goals, your dreams, also the honor and pride it can give your parents. I am not saying that it is the only way for people to learn, there are still a lot of things about life that you need to learn outside school but then at least you already have the foundation.

Just because asians are getting into the bitcoin doesn't mean all of the rush came from them. Do not forget that bitcoin is a volatile currency which means that if koreans and japan wanted to get more bitcoins and the rush came from them, it also means that a lot more people followed them and bought as well, no one can handle that much increase all by themselves when others are trying to sell, which means whole world wanted to buy WITH them.

However, he is right that the prices are a lot closer to each other on the markets, I do remember the times when markets had so much arbitrage differences. It had happened in the past for sure but, from those occasions market had bounced into new high too. Those things are not the right indicators to predict the bull-run and its end.

If (when) usd falls.

People will look for things to invest their money in to prevent their wealth from losing value as the dollar falls.

Many will buy gold, silver, jewels. Some will buy color tv's, electronics since they're not bad at holding value.

Others will buy bitcoin. It could increase demand for crypto which in turn would case the value and price of bitcoin to increase.

I feel like these news are there to only mislead people and keep them away from investing in BTC. Even when BTC rose up to 20,000$ people were making negative remarks and posting articles on how BTC has been hyped. I don't thinks articles like these will leave much impact on the recent growth of BTC.

Learn how markets work.

The point is that people don't get what they want because they want it. Why? Because they have entered the market already, and thus will only sell in case the price goes up, where on top of that we're in a situation where there are loads and loads of bagholders holding $10,000-$18,000 coins. In other words, selling pressure on top of more selling pressure.

These people need to sell as many of their coins as possible in order to satisfy market movers to put their capital to work. If you think they will let you dump on them you are delusional. As long as the number of floating coins isn't decreasing, there will be no bull run. It could potentially mean that there won't be a bull run for another 2 years.