Bitcoin

Discussion in 'Lounge' started by Ghost Rider, Aug 1, 2015.

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  1. i wish i had enough gold to make my trousers fall down lol the op was about bitcoin but i would rather invest in gold or silver or copper etc.the value of gold isnt only in what people will pay as an investment but also what industry will pay . its just easier to store than several tons of copper.
    i wouldnt except bitcoins in exchange for my bike, but gold ?
     
    #21 idrinkbeer, Aug 1, 2015
    • Like Like x 1
  2. fuel and tyres ?basically its a product that if there is enough demand and not enough stock will rise in value and become a valuable asset .
     
    #22 idrinkbeer, Aug 1, 2015
  3. Bitcoin was not conceived as an investment, although it's value can go up and down against other currencies or commodities, it was an attempt to create "honest" money beyond the tinkering of governments or banks.
     
    #23 johnv, Aug 1, 2015
  4. More fuel and tyres can always be produced, the total number of bitcoins is fixed forever.
     
    #24 johnv, Aug 1, 2015
    • Agree Agree x 1
  5. Bitcoin was a blatantly dishonest attempt to create a form of money beyond the rule of law.
     
    #25 Pete1950, Aug 1, 2015
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    • Funny Funny x 1
    • Agree Agree x 1
  6. You may well be right.
     
    #26 johnv, Aug 1, 2015
  7. Monopoly money = Real, but not legal tender.......

    Bitcoin = Virtual, ie imaginary.........Not real.

    Gold = Real and sort of legal tender almost anywhere.......assuming it is not from Brinks Mat, that is......
     
    #27 Ghost Rider, Aug 2, 2015
  8. Gold is not legal tender. Try settling your bill in Tesco with gold, or buying a car, or paying taxes or almost anything else, and you'll soon find out why.
     
    #28 Pete1950, Aug 2, 2015
  9. That's why I said 'sort of'............maybe 'tradeable' makes more sense.....

    Actually, see the Coinage Act 1971; certain gold sovereigns are also legal tender in the UK.

    ............as to whether Tesco would accept one, that's a different matter.
     
    #29 Ghost Rider, Aug 2, 2015
  10. I would lol
     
    #30 idrinkbeer, Aug 2, 2015
  11. Shows how low you would stoop then......

    ......nominally worth £1.00 sterling;)
     
    #31 Ghost Rider, Aug 2, 2015
  12. Yes, gold sovereigns minted as legal coins in the UK are indeed legal tender, but gold bars, gold nuggets, and gold dust aren't. Gold sovereigns are not legal tender because they are made of gold, they're legal tender because they are legally authorised to be.
     
    #32 Pete1950, Aug 2, 2015
  13. Muscle and prawn always win the argument.
     
    #33 Origin unknown, Aug 2, 2015
  14. mixed with a little vinegar always makes it more interesting. how do O.U. :smile:
     
    #34 finm, Aug 2, 2015
  15. I will take gold as payment for putting in your AC system...:D
     
    #35 AirCon, Aug 2, 2015
    • Like Like x 1
  16. got two customers that pay in logs. up here they are worth their weight in gold.
     
    #36 finm, Aug 2, 2015
  17. I hope you pay tax on them Fin :Angelic:
     
    #37 johnv, Aug 2, 2015
  18. He uses an axe on them :)
     
    #38 Ducbird, Aug 2, 2015
  19. yip, chopping them is pretty taxing. so whats a bit coin worth then?
     
    #39 finm, Aug 2, 2015
  20. At least a twig :)
     
    #40 El Toro, Aug 2, 2015
    • Funny Funny x 1
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