33% of Gold Owners Think Bitcoin is a Viable Alternative. - I guess it has taken a while but they are starting to realize the truth.

[Neeranam]

About half of surveyed gold buyers report plans to acquire more of the asset, but a third of respondents believe bitcoin is a viable alternative

 

https://blockworks.co/one-third-of-surveyed-gold-buyers-view-bitcoin-as-the-better-bet/

 

 

[BritManToo]

Was this gold investors in Thailand that actually held the physical gold?

Or was it just gold investors in the west buying bits of paper?

[OneMoreFarang]

12 minutes ago, Neeranam said:

a third of respondents believe bitcoin is a viable alternative

Tells us one of the crypto fan boys...

Gold and Bitcoin are about as different as it gets.

The big problem with crypto is that is will crash if they don't find many new buyers.

And some people, not only in this forum, try desperately to convince people to put their money into crypto - someone has to put money into it or the old investors will never get their money back.

[worgeordie]

What about holders of Gold , in massive amounts, on the subcontinent,

middle east , were they surveyed , or are you just pushing a bit of good

news about Bitcoin in the hope there's a few buyers to increase the price.

 

regards worgeordie

[Excel]

9 minutes ago, OneMoreFarang said:

Tells us one of the crypto fan boys...

Gold and Bitcoin are about as different as it gets.

The big problem with crypto is that is will crash if they don't find many new buyers.

And some people, not only in this forum, try desperately to convince people to put their money into crypto - someone has to put money into it or the old investors will never get their money back.

Just a Ponzi scheme, a brilliant one albeit, dreamt up that is taken hook line and sinker by the greedy gullible.

[Henryford]

Alternative to what? gambling at the casino.

[JeffersLos]

13 minutes ago, OneMoreFarang said:

And some people, not only in this forum, try desperately to convince people to put their money into crypto - someone has to put money into it or the old investors will never get their money back.

If you honestly believe that the price of crypto can be affected by a few Asean Now forum members suddenly deciding to enter the market, then.... I understand why you don't understand crypto. ????

[jvs]

Gold in Asia has a different meaning than any where else.

It is better as money in the bank.

With gold in your hand you will always be able to trade.

I read the other day that a small piece of gold could buy you 10 loafs of bread,100 years ago.

That same piece of gold can buy you 10 loafs of bread today.

Looking at it that way inflation has no grab on gold.

Bitcoin hovers around 20 thousand US today,time will tell where it goes,i will not be buying.

 

[EricTh]

Gold is something tangible whereas Bitcoin is digital/intangible and created out of thin air.

 

Bitcoin is a pyramid scheme where some people gain money at the expense of somebody else losing their hard-earned money!

 

So it's a win-lose combination and similar to gambling.

 

If you are at the losing end , you won't think Bitcoin is great. Do not gain at the expense of somebody else suffering, that's why I don't dabble in bitcoin.

 

 

Edited June 24, 2022 by EricTh

[EricTh]

18 minutes ago, Henryford said:

Alternative to what? gambling at the casino.

It's just another way of gambling. The casino owners always win.

[Lemsta69]

Just now, EricTh said:

Gold is sometime tangible whereas Bitcoin is digital and created out of thin air.

 

Bitcoin is a pyramid scheme where some people gain money at the expense of somebody else losing their hard-earned money. So it's a win lose combination and similar to gambling.

 

If you are the losing end , you won't think bitcoin is great.

 

 

not even close but hey, believe what you want to believe. it takes hundreds of hours of reading to understand Bitcoin so pretty hard to accept what comes from someone who probably gets his news from Buffet and Munger: "Bitcoin's bad mmkay?"

[EricTh]

28 minutes ago, worgeordie said:

What about holders of Gold , in massive amounts, on the subcontinent,

middle east , were they surveyed , or are you just pushing a bit of good

news about Bitcoin in the hope there's a few buyers to increase the price.

 

regards worgeordie

Gold cannot be created by men; thus, it is limited in quantity. Gold were created by exploding stars.

 

Bitcoin is digital and can be created just by the press of the button. Millions can disappear overnight if people lose confidence in it.

 

 

[Neeranam]

18 minutes ago, JeffersLos said:

If you honestly believe that the price of crypto can be affected by a few Asean Now forum members suddenly deciding to enter the market, then.... I understand why you don't understand crypto. ????

I've got that guy on ignore, ironically he's the one making negative comments about crypto, he even is a frantic poster on the crypto forum!! 

 

It's ridiculous as obviously I couldn't care if anyone here buys crypto. This is last place I would go if I were wanting that; mostly retired guys who don't buy crypto as they don't know how or are already financially secure. 

[Neeranam]

3 minutes ago, EricTh said:

Gold cannot be created by men; thus, it is limited in quantity. Gold were created by exploding stars.

 

Bitcoin is digital and can be created just by the press of the button. Millions can disappear overnight if people lose confidence in it.

 

 

Not true, get your facts right

[Neeranam]

6 minutes ago, EricTh said:

It's just another way of gambling. The casino owners always win.

What poppycock garbage.

 

Who exactly owns bitcoin? 

 

 

[worgeordie]

21 minutes ago, JeffersLos said:

If you honestly believe that the price of crypto can be affected by a few Asean Now forum members suddenly deciding to enter the market, then.... I understand why you don't understand crypto. ????

But if on other forums , and influencers are all pushing like Neeranam here ,

it could ..........at least that's what he is hoping .

 

regards Worgeordie

 

[Neeranam]

15 minutes ago, jvs said:

Bitcoin hovers around 20 thousand US today,time will tell where it goes,i will not be buying.

2.5 years ago, it was hovering at $3500, I bet you said the same thing then.

 

June, 2020 years ago, it was $9500.

 

Is $20k so bad?

[Neeranam]

Just now, worgeordie said:

But if on other forums , and influencers are all pushing like Neeranam here ,

it could ..........at least that's what he is hoping .

 

regards Worgeordie

 

I am not pushing. Like I said, posting a topic here is NOT going to change the price of BTC. Thinking otherwise is simply stupid.

[Neeranam]

30 minutes ago, Excel said:

Just a Ponzi scheme, a brilliant one albeit, dreamt up that is taken hook line and sinker by the greedy gullible.

Please read the definition of a Ponzi scheme before you post drivel here. 

Here, although haters like you will not read it. 

 

https://cryptonews.com/guides/is-bitcoin-a-pyramid-scheme.htm#:~:text=A typical structure of pyramid,coin and technology behind it.

[1FinickyOne]

33% of people in USA think Trump never lies and won the election... 

3 minutes ago, Neeranam said:

What poppycock garbage.

 

Who exactly owns bitcoin? 

What is poppycock? Is that a real thing? If so...

 

who does own bit coin? - I have never seen one... but I like fantasy as much as the next guy... 

[1FinickyOne]

4 minutes ago, Neeranam said:

Is $20k so bad?

If you bought in at $60k, it is not real good either... 

[Lacessit]

53 minutes ago, BritManToo said:

Was this gold investors in Thailand that actually held the physical gold?

Or was it just gold investors in the west buying bits of paper?

I've traded in gold using bits of paper, it's called pool allocated gold. It means one has title to the gold held in reserve by the company selling the bits of paper.

 

https://www.abcbullion.com.au/

 

Have never had a problem in ten years buying and selling.

[OneMoreFarang]

28 minutes ago, JeffersLos said:

If you honestly believe that the price of crypto can be affected by a few Asean Now forum members suddenly deciding to enter the market, then.... I understand why you don't understand crypto. ????

A few members here, a few members there, it adds up.

Many years ago it was: send this to your 10 best friends so that will all get rich ... 

[Lacessit]

8 minutes ago, Neeranam said:

Not true, get your facts right

Post your own facts in rebuttal, please.

[FritsSikkink]

43 minutes ago, worgeordie said:

or are you just pushing a bit of good

news about Bitcoin in the hope there's a few buyers to increase the price.

 

regards worgeordie

Like he does all the time.

[Hummin]

Who surveyed who you said? And the survey was through a blockchain website you say? And 33% become half? 
 

I bet a unbiased survey then!

 

 

[proton]

Scam coin with nothing behind it, unregulated and amazingly volatile. Buy this rubbish from now on at your peril, it's a gamble, not an investment.

[JeffersLos]

13 minutes ago, Neeranam said:

Is $20k so bad?

It's bad because they didn't buy. ????

[1FinickyOne]

17 minutes ago, Lacessit said:

Post your own facts in rebuttal, please.

Yo, Kelly Anne - you are not supposed to get your own facts... 

[Excel]

23 minutes ago, Neeranam said:

Please read the definition of a Ponzi scheme before you post drivel here. 

Here, although haters like you will not read it. 

 

https://cryptonews.com/guides/is-bitcoin-a-pyramid-scheme.htm#:~:text=A typical structure of pyramid,coin and technology behind it.

As an ex teacher, I would thought you would provide something more intelligent and unbiased as that, but there again ????