BITCOIN VS GOLD PART 2
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- čas přidán 31. 01. 2023
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you can use gold and silver anywhere in the world but can't use bitcoin the same, also whoever controls your electricity and internet access controls your "money / Bitcoin" so they can confiscate it with just a push of a button
Agreed bro
@@syedasharimam Wrong.
Cannot use gold or silver easily, nobody wants to accept it except gold traders and jewelery stores but they need to melt your gold first and then grade it.
Bitcoin can be used anywhere through a debit card linked to Bitcoin and most money changers would gladly change my Bitcoin to cold cash in a second .
Bitcoin cannot be confiscated from your hard wallet. It is not linked to anything, that's why North Korea has billions of dollars worth of Bitcoin that they stole through hacking exchanges and manipulating other cryptocurrencies that are new and vulnerable.
But you can't hack Bitcoin directly from your wallet, just like we can't take back what North Korea stole .
really I can take a clump of gold to the corner store and purchase gas for my car?
Yep- internet 2.0 could impact access to Bitcoin- pro’s and cons to gold, silver and Bitcoin - all are good in decentralising your wealth in your possession over fiat
@@CryoGenOfficial if and when society collapses, then the answer is "yes". That's the true value of gold/silver. When fiat/e-currency implodes, the one true way to do any kind of economic activity is with gold.
Gold has literally stood the test of time
Bitcoin will as well
@@DrakeB123 sure bud
“Inflation hedge” 😂
@@DrakeB123 Bitcoin will actually eventually disappear and here is why. It's not really stable at 21000000, computers crash, USB sticks get lost or destroyed, people die with passwords in their heads and so on. It is estimated that 3-4 million bitcoins are already lost to the void. Gold is more or less indestructible, and the 2% annual increase in amount of gold doesn't really matter to people holding on to gold as long as the size of the economy is also growing.
But Golds price has not really moved. Last 20yrs or so it's barely gone up. It's almost like a stable coin.
U dont know how much gold there are.
Bitcoin . theres a cap.
Its modern day. what u gon do send a pigeon to transfer gold?
Which sound more practical?
gold, silver, oil is real money. get you some Gold and silver
Gold can't be produced since it is an element. All you can do is find it. For that gold value never decreases.
Gold can be created manually from other elements. It's a slow nuclear process by either knocking away or adding protons depending on the donor element. It takes about a week to make a gram and costs many times the value of natural gold. Not a viable business but it can be done.
@@richardmurray181 oh thats pretty cool, I didnt know. Although as you say, theres no point from a profitable perspective.
physical and digital currency should coexist because they have both pros and cons. If it's purely digital currency it can be manipulated by hackers or high level organizations like the government itself.
Hackers cannot manipulate Bitcoin.
Holding gold devaluates your money to inflation.
I would rather buy stocks.
Even Warren Buffett never liked gold because it doesn't produce anything
@Shokk However its still very volitile as its value fluctuate unlike gold, gold only appricate no depriciation or infaltion ever affects it as it is a tangible asset and its also more abudent then bitcon
Gold is the main source of all different wealth forms 🧬☮️
Just enlightenment, but Layah doesn’t believe in anything but Tate and human trafficking
Agreed
@@syedasharimam yes , Bitcoin is now the main source of all different wealth forms.
Just like the computer is now everywhere.
Everything is a computer just like your smartphone , television, tablet , etc
@@dongshengdi773 negative sir. buy you some gold. you're gonna need it
@@dongshengdi773 However not all regions on earth have clean water let alone computers. And even these nations have gold as its a naturally occuring element and its in abundence everywhere even in places like Ghana and Congo thats also a factor for the western colonisation in these regions. The British, French, and spannish empires colonized Africa India and so many other palces. Gold was cause of the California gold rush and it was a large reason for America to be the way it is now
I have both bitcoin and gold. If I want my money to hold value against inflation I'll hold gold and silver long term. The convenience of moving it around isn't as good a selling point as holding or gaining in value.
People always tryna sell stuff what you gonna do
I have storage accounts in mints spread around the world and can transfer to others freely with a push of a button if they also had an account with the same mint and retrieve it into their bank acc as cash. It's very fluid.
however, gold is a primary commodity, it serves a purpose, every state has giant quantities of it, it is the only thing that matters, money before was printed according to the gold that was there, each banknote was equivalent to a certain amount of gold, the money before indicated gold, it was created so that gold coins did not have to be exchanged during payments.
Bitcoin has the technology but it is very volatile and there is no certainty that it will exist forever, whereas gold has to exist forever because it is an asset that is needed. Banks have it, so they will protect it at all costs, bills are pieces of paper, gold has real value instead.
Only the impatient thinks gold is better 😂
I would rather buy stocks even if it is not guaranteed to last forever.
You can't bring your gold to the grave .
Bitcoin and stocks have proven to be better than Gold despite their volatility,
That's how investors made money.
But buying gold is losing money to inflation
Gold being valuable has remained consistent since the birth of human civilization, or at least close to that.
Gold has been consistent, price has been relatively stable for many decades .
So in essence , you're losing money by holding gold .
Stocks and Bitcoin are much better , already proven for a decade just like the invention of cellphone and smartphone and PC .
Buy Bitcoin now before it's too late
Gold lost value since 1980
Bitcoin is a hedge , been holding mine since $150 per Bitcoin.
But gold lost a lot in the 4 decades
Gold price February 1980 was $2500 per oz
Gold price July 2001 was $450 per oz
Gold price now $1900 per oz
Gold Lost value in 4 decades .
@@dongshengdi773 is going to crash on the weekend.
So it clearly passed for the test of time.
@@dongshengdi773 it's not gold That lost It's Value it's money that lost it
The difference is gold doesn’t lose its value overnight
Layahs next video: musk Vs Tate…
People transfer gold electronically all the time. Also the starter of Bitcoin stated when asked in the early days what would happen when the last bit is mined, he'll start it all over again. That means false finite.
Come do a show in Tampa
why all the countries have they reserves on gold and not bitcoin?
all good other than not addressing that unfortunately btc can be seized just like gold.
"Gold can't stand the test of time..." first of all, it has, even in spite of fiat currencies trying to replace it. Second, historically gold always obeyed the pattern of "value goes up, mine more; value goes down, mine less." Third, will bitcoin still be valuable 100 years from now? What about things like data rot in hardware storage devices? You think hardware for long term memory storage can still be read with perfect bit fidelity 20 years from now (much less 50 or 100). I'm in favor of bitcoin, and if somebody can seize your gold they can seize your bitcoin. Yes bitcoin does have the advantages that Layah described, but gold has advantages as well.
Tell that to my grandpa whos gold was confiscated
Try hiding gold bars in your brain. You cant.
Sorry buy Bitcoin is not stores in some storage device.
They are stored in billions of devices .
And they are partially upgraded all the time .
Bitcoin is not really stored in your hard wallet. They exist in the ether , in the digital cloud .
@@iknowsomething And Bitcoin cant be confiscated? lol
@@grgov2239 No, its decentralized and on the blockchain.
When you own bitcoins, what you actually have is a "private key" that allows you to access a specific amount of bitcoin on the network. As long as you keep this private key secure, you will always be able to access and use your bitcoins, regardless of what happens to any particular computer or server on the network.
Also Mars may have gold to be mined eventually
I’m not agree about that. If the humanity gonna meet some catastrophics events, the gold is gonna remain like the only source of trade. But for now yes. Bitcoin is the best. But it’s good to have also some gold. We will never know how nature is gone act. 😊
Bitcoin can last forever even in a catastrophic event.
Gold will lose its value in an apocalypse.
Water and food will become the most priced commodity. Nobody would want gold
1 bitcoin is always gonna equal 1 bitcoin? Then how is it an investment if it never increases in value? Oh no did you just reveal the scam 🙆🏻♀️
But it could be bitcoin 2.0. It won't be gold 2.0. Bitcoin wasn't even first crypto.
An emp can’t make gold vanish.
Didn’t Bitcoin’s value plummet? And saying 1 bitcoin = 1 bitcoin is dumb.
🎉
Based on your statement "most efficient way to move money through time and space", Bitcoin certainly is one of the WORST options. Interesting CZcams channel though! Just stumbled on it now.
And with gold, I can pawn it for real money, in a few minutes.
As of now, Bitcoin has not been a hedge against inflation, nor a good store of value. It follows a similar trend as the stock market with just greater volatility.
Wrong .
Bitcoin is a hedge , been holding mine since $150 per Bitcoin.
But gold lost a lot in the 4 decades
Gold price February 1980 was $2500 per oz
Gold price July 2001 was $450 per oz
Gold price now $1900 per oz
Lost value in 4 decades
Nope. Apples and oranges. Bitcoin is currency, but it has to be denominated back into fiat currency for day to day stuff. Gold is insurance, a wealth repository. As fiat's fail through hyperinflation, unfortunately societies and their infrastructure will fail, including electrical grid and internet backbone. What can you buy in Venezuela with BitC.
Same with gold
Nobody accepts gold , must convert gold to fiat currency first. And that is easier said than done. You need to go to a jewelry store, melt the gold for appraisal. Then get the cash less all the appraisal fee.
Bitcoin, just use a (Visa and Mastercard) debit card linked to crypto. Can use Bitcoin anywhere.
And El Salvador Congo is now using Bitcoin as legal tender, no need for concersion.
More Latin American countries and African countries following soon .
Gold lost value since 1980
Bitcoin is a hedge , been holding mine since $150 per Bitcoin.
But gold lost a lot in the 4 decades
Gold price February 1980 was $2500 per oz
Gold price July 2001 was $450 per oz
Gold price now $1900 per oz
Gold Lost value in 4 decades .
She is based and spot on.
Should someone tell her about paypal?
Are you suspended on twitter layah ?
Gold lost value since 1980
Bitcoin is a hedge , been holding mine since $150 per Bitcoin.
But gold lost a lot in the 4 decades
Gold price February 1980 was $2500 per oz
Gold price July 2001 was $450 per oz
Gold price now $1900 per oz
Gold Lost value in 4 decades .
I respect you a lot . You are really the only inspiration for young women, hope I get wife like you
~With respect
Central Banks are buying gold at record levels, odd that they are not buying Bitcoin (they know it's going to zero).
Central banks aren't your friend, I prefer the option to be my own bank, which is why people like Bitcoin and crypto.
There's a finite amount of gold on this planet once it's all mined, just like bitcoin. Unless of course if they mine it from asteroids and such....but gold and other precious metals will hold their value and appreciate as long as humanity survives on this planet
Same with Bitcoin. I will hold value as long as humans allow it .
Some people don't think gold has value. Some people just like it because it's shiny
Gold can't stand the test of time? Gold isn't Iphone 14 yano. Gold been around since forever.... This isn't financial advice, it's someone trying-get rich off youtube videos.
Wrong .
Gold lost value since 1980
Bitcoin is a hedge , been holding mine since $150 per Bitcoin.
But gold lost a lot in the 4 decades
Gold price February 1980 was $2500 per oz
Gold price July 2001 was $450 per oz
Gold price now $1900 per oz
Gold Lost value in 4 decades .
lmao she's stuck in 2016
Gold lost value since 1980
Bitcoin is a hedge , been holding mine since $150 per Bitcoin.
But gold lost a lot in the 4 decades
Gold price February 1980 was $2500 per oz
Gold price July 2001 was $450 per oz
Gold price now $1900 per oz
Gold Lost value in 4 decades .
people rely too much on bitcoin, one day we will wake up and there will be chaos and no electricity. those days are coming
STOP MOVING ANDREW TATES MONEY
You're a treasure 🤑 💰 ❤️ 😍
Tryna pump the price of BTC so she don’t lose all her $&& 😂
Gold is losing value since 1980.
Bitcoin is a hedge , been holding mine since $150 per Bitcoin.
But gold lost a lot in the 4 decades
Gold price February 1980 was $2500 per oz
Gold price July 2001 was $450 per oz
Gold price now $1900 per oz
Lost value in 4 decades
Crypto is a software made of cyber numbers, in other words its nothing just like paper money, stop getting fooled by this bs
You're my dream woman. ❤️❤️❤️ I love you.
Gold is in the Bible
Yes . And Bitcoin is the new Bible
@@dongshengdi773 there is no new Bible buddy. and it aint changing. accept Jesus as your Lord and savior, follow His commandments, and you will be blessed and obtain God's inheritance of wealth, prosperity, and good health
🧡
Gold will always be around. I wonder why Bitcoin will be around for the next 100 years, let's say. Gold has been around since the human civilization period. I oukd like to understand your theory on billion vs Gold
Bitcoin is immortal.
@@mighty_wolf Immortal, especially when you dont have access to electricity or the internet which are both state controlled
@@Arny1995 Even in that case, it survives offline, you just need to save the latest info into a drive. Then whenever internet goes back online, Bitcoin resumes. Its immortal.
@@Arny1995 if electricity and internet dies , all fiat currency will die.
No stock market, no bank transactions,
The economic collapse caused by no electricity and the internet will devalue all fiat currencies.
Bitcoin is forever like Gold in your hand (except paper gold online)
Gold supply is actually 400% more because of paper gold trading.
@@mighty_wolf you dont understand. Look at the social credit system in China. The government can deny internet access to certain individuals. And they can also cofiscate them from you.
Sobhan Allah my brother Abu Andrew May Allah S.W.T help you and be with you through this hardship that you are facing, may he punish those who wrongfully accused you, and may he help you so you can train these brave people to become the soldiers of Imam Mahdi A.S❤ Ameen😂#FreeTate
You need to learn more girl,,
🥹😊
Lol
first
Gold has been around since us Bitcoin is a fad that will die off