Options
Gold proof coin vs Bitcoin
Gazes
Posts: 2,315 ✭✭✭✭✭
In 5 years or 10 years---what will be worth more. A 1899 $10 Proof PCGS 63 CAM CAC (about 40 known to exist) or One Bitcoin? The coin is a bit random but is worth about $19,000 which is about the same price of one bitcoin.
0
Comments
Who knows? Bitcoin could easily crash, too. And if the federal government institutes a digital currency they could easily cause a crash by making it the only legal digital tender here. I tend to think of gold as being a store of value that resists inflation. Bitcoin is more of an artificial construct and requires a lot more belief than the federal reserve. It’s not backed up by even the good faith of a government.
Bitcoin in my opinion, with more and more adoption including PayPal.
This is incredibly random and not really answerable.
If we limit our threads to questions with only objective answers it would make for a boring forum. I was hoping to hear from forum members who may have strong opinions, expertise or interesting thoughts.
Random? Not sure how discussing how our hobby will fare against other types of investments or hobbies is so shockingly random but thanks for your comment.
The eagle is more likely to be close to the same value. Bitcoin is liable to be +1000% or -95%. I'd rather have the eagle, but if I were completely gambling with a small portion of my investment portfolio, I'd go the other way. Of course I'd put the money for each in a separate bucket.
I agree the pay pal development seems to be very signficant. It seems to make it very easy for tens of millions to buy bitcoin easily. It is my understanding that next year paypal will also let you use the bitcoin rather than just buy and sell.
I also think bitcoin may bring attention to assets like rare coins. They share many of the same positive traits---both are finite and you cant mint more, both have a level of privacy and both seem to have a distrust in conventional currency that has no limits on printing more money.
I’m a fan of digital currency whenever the Fed approve of a digital dollar. Until then I’ll refrain from Bitcoin...
Pass on both
Are you sure? You want the govt to have complete control and tracking of all your money? I dont
Better shot at craps.
I have No problem with digital currency...
Better not forget your password.
THIS!
Look what happened to Leonard on The Big Bang Theory with his bitcoins
one bitcoin. Im sure about this.
In 10 years there will be much more buyers for bitcoin than today while supply is still quite limited.
Im actually not bullish on rare coins I must say. I think they are all a bad investment over the next 10 years. They might just keep their value or increase a bit while everything else in and around tech is growing a lot and money will be worth a lot less too. Just go and compound 20% per year over ten years and thats a low annual growth for tech companies. Its still nice to have some of the nice coins because they are beautiful but in terms of putting your money its baaaaad.
no, the value stays the same, 1 bitcoin = 1 bitcoin. You can buy 0.00000001 pc of one but that doesnt matter, its good actually. Its like saying Dollar will be weak because you can buy cents, no ?
bitcoins are imaginary, what could go wrong?
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
I'm old school. I'd rather have tulip bulbs.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Tulip bulbs are considered the first speculative bubble. I hardly think of rare coins as a speculative bubble. The tulip craze really lasted a year around 1636-37. Our hobby has stood the test of time.
Your main comparison is that tulips were a collectible and so are coins. So why not compare coins to other collectables like Art? You seem to only want to compare them to the first speculative bubble in history. Somewhat of a negative bias towards coins. The fact that you point to 1989 saying coins performed like tulips is telling. That was 31 years ago and there is still a solid base of collectors with millions of dollars of sales year after year with the most coveted coins still breaking records. That in of itself shows that the rare coin market is nothing like the "tulip craze"
Tulip bulbs were first mentioned by another poster and jmlanzaf replied:
“I know you're kidding. But rare coins are closer to tulip bulbs than they are to "money".
Regardless of how the rare coin market has done, it would be hard to argue that he was incorrect.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I can by tulip bulbs today around 6/$10, many people give them away. If I’m investing in something I don’t want it to go to almost zero (I have penny stocks for that 😉)
My Apple stock does have a physical entity. It entitles me to a legal claim of a physical Apple Inc. asset. This is referred to as its "book value."
I can literally put US dollars under my mattress. The only place I can put my bitcoin is in my imaginary wallet.
The future of cryptos will be determined by government regulation that will be influenced by the threat cryptos pose over dollars (like gold). Now that paypal and Robinhood have made select cryptos a currency (easy to trade dollars for them), their threat just increased exponentially. The more cryptos become a dollar alternative the more likely they will be reeled in.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
Are you suggesting US dollars are any less imaginary?
Might (big disclaimer) be a buying opportunity in Bitcoin and several other crypto currency’s. They seem to have dropped 12-30% overnight from their recent highs. They were making a run at their all time highs prior to this correction.
Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014
Happy Thanksgiving to you too.
If bitcoins were made of real GOLD and not 1's & 0's I would choose the Bit, otherwise I'll take the coin.
PM Sent
The supply of bitcoin is essentially unlimited because they divide it into smaller and smaller pieces. A single bitcoin divided into 1,000,000,000,000,000 pieces is more than enough for everyone to have some.
Isn't that the same exact argument which says that there isn't enough gold in the world to be used as money? The difference being that gold is actually real and isn't susceptible to an internet kill switch.
I knew it would happen.
BC does not mean bitcoin.
This:
550 BC
Gold has always played an important role in the international monetary system. Gold coins were first struck on the order of King Croesus of Lydia (an area that is now part of Turkey), around 550 BC. They circulated as currency in many countries before the introduction of paper money.
I will gladly take all of your unreal, worthless currency, please pm me for address.