Pages:
Author

Topic: Holdings of gold vs Holdings of btc - page 26. (Read 62794 times)

hero member
Activity: 704
Merit: 500
October 25, 2017, 01:17:09 PM
Does anyone have any idea how many people are using gold as a store of value vs btc?  And how long do you think until we have the same user Base as holders of gold?
Even though bitcoin has defeated gold in terms of price but still gold is more valuable and I would personally prefer holdings of gold versus holdings of bitcoin any day any time since firstly, gold is way more popular than bitcoin among the people. Because of which there are more gold users than bitcoin. Gold is a precious metal and has physical entity whereas bitcoin is a digital currency. Then value of gold is stable and does not fluctuate whereas bitcoin’s value fluctuate a lot. Then gold is centralised as compared to bitcoin which’s decentralised.
sr. member
Activity: 423
Merit: 251
October 25, 2017, 01:06:38 PM
It will be high hope if we think bitcoin will be like gold or it will be treated as gold. Only techguy and programmers all over the world know about bitcoin and knows how it is profitable to store bitcoin in future. But for small farmer or the housewife who like to get some jewellery on hand will never shift towards bitcoin as bitcoin doesn't have any physical value.


yes very true, bitcoin has no physical value but has a selling value so the price is relatively unstable in contrast to the gold that the price is quite stable, it all depends on the needs of its own users, because it all has, each function
newbie
Activity: 28
Merit: 0
October 25, 2017, 12:11:16 PM
Since 7 years i didn't see any high price change in gold and it is still in the same position, but btc is up up and up
member
Activity: 672
Merit: 10
October 25, 2017, 12:05:25 PM
Although bitcoin prices continue to rise and are very profitable, but I recommend to keep gold as a second investment after bitcoin, this is because the gold price is stable and never drop like bitcoin.
full member
Activity: 329
Merit: 100
The Exchange for EOS Community
October 25, 2017, 11:57:08 AM
holding bitcoin and holding gold are equally profitable because both investments are the best pick for now, that's my view
sr. member
Activity: 2226
Merit: 347
October 25, 2017, 11:51:51 AM
Holding of gold is always better than BTC in long run as market price of gold is stable and always increases but on the other hand BTC is highly unstable and you don't know when its market gonna go high and when its gonna go low. Also, in my country every house holds gold rather than BTC as its like a tradition and they believe that gold is good investment.

When we see the history of bitcoin the price growth is much better than the gold,so i think bitcoin is better than gold.Like you said the bitcoin price is highly unstable but when we see the long run it increases always.It will continue to rise untill there is demand for bitcoin.The difference is gold is an physical object but crypto is in digital form but we can convert in to fiat or we can use it to buy products but in gold when we change gold into fiat the loss is very high than compared to bitcoin.
They do really have their disadvantage but when it comes on how strong the support then i would go for gold since its really being backed and knowing it can be mined physically.When it comes on price movement it is really far on bitcoin but yet this thing is been here since the beginning of time which we can really presume that this is really also a good investment.If you do have the money then better choose 2 than on 1.
full member
Activity: 812
Merit: 108
October 25, 2017, 11:49:08 AM
Bitcoin is little insecure if we see it as government points of view because we can't predict what govt. Is going to do with bitcoin, for example China did, there was lots of people who got affected because they were holding bitcoin for future.
On similar way gold is still secure to hold because it is much more stable price and govt. can't ban the gold trading.
full member
Activity: 526
Merit: 100
markaccy.io
October 25, 2017, 11:31:24 AM
not too late to hold bitcoin, in December there will be a new coin that is bitcoin silver. I am sure the BTC request will be huge.
save your bitcoin until December.  Grin
sr. member
Activity: 448
Merit: 250
October 25, 2017, 11:15:44 AM
holding of bitcoin is too better than holding of gold because the rate of bitcoin is increasing day by day and also the rate of bitcoin is very high so if their is small increase occur in the rate of bitcoin then you can get enough profit while holding of gold is not too better because the rate of gold is not increasing too much and also the rate of gold is very low as compare to bitcoin.
hero member
Activity: 1820
Merit: 515
★777Coin.com★ Fun BTC Casino
October 25, 2017, 10:30:06 AM
Holding of gold is always better than BTC in long run as market price of gold is stable and always increases but on the other hand BTC is highly unstable and you don't know when its market gonna go high and when its gonna go low. Also, in my country every house holds gold rather than BTC as its like a tradition and they believe that gold is good investment.

When we see the history of bitcoin the price growth is much better than the gold,so i think bitcoin is better than gold.Like you said the bitcoin price is highly unstable but when we see the long run it increases always.It will continue to rise untill there is demand for bitcoin.The difference is gold is an physical object but crypto is in digital form but we can convert in to fiat or we can use it to buy products but in gold when we change gold into fiat the loss is very high than compared to bitcoin.
full member
Activity: 238
Merit: 100
Medichain: The Medical Big-Data Platform
October 25, 2017, 10:12:51 AM
Gold and bitcoin are two completely different products. Many are comparing the two, because they want Bitcoin to fill some of the role that gold is filling today. Right now that is not really possible, as the differences in volatility are too high. When Bitcoin's volatility calms down it might open up for bigger investors (like institutions) to join the party, but for now it's only for the risk willing or neutral investors.
full member
Activity: 182
Merit: 100
October 25, 2017, 09:58:35 AM
Holding of gold is always better than BTC in long run as market price of gold is stable and always increases but on the other hand BTC is highly unstable and you don't know when its market gonna go high and when its gonna go low. Also, in my country every house holds gold rather than BTC as its like a tradition and they believe that gold is good investment.
sr. member
Activity: 1736
Merit: 357
Peace be with you!
October 25, 2017, 09:50:30 AM
Does anyone have any idea how many people are using gold as a store of value vs btc?  And how long do you think until we have the same user Base as holders of gold?
Gold has been deposited on earth billions of years ago and as humans existed gold has been part of our ancestors lives so obviously majority of the people arround the world or most of us knows about gold  because this element will never change over time while Bitcoin is just a new form of asset as it was founded in late 20th century. Gold has unlimited source while Bitcoin has only 21 million supply but in terms of price I think limited supply maybe a winner over unlimited supply due to scarcity and increasing demand. The problem with gold is it's security and cannot be transferred anywhere in the world in just a matter of seconds. The fact about gold is that it will remain as it is until the next generation of living things and beings. For example if there would be a huge asteriod impact that could wipeout humanity Bitcoin also will be vanished but gold will still be gold. I think Bitcoin holders may increase or decrease anytime due to the unstable market but with gold holders will skyrocket because of Bitcoin millionaires possibly investing gold or maybe vice versa. Grin
full member
Activity: 728
Merit: 100
October 25, 2017, 09:29:57 AM
both of them do have a good investment value. but if you think I would prefer to invest in bitcoin because the price is high enough but with great risk as well. but that does not matter because now the price of bitcoin is quite significant.
But if you want a safe investment and low interest rates could be a gold investment
sr. member
Activity: 1792
Merit: 255
October 25, 2017, 09:28:10 AM
It takes time and patience if you want to get profit if we hold gold, but with hold bitcoin then every hour and day our money continues to grow and make us faster to succeed and rich than hold gold.
full member
Activity: 518
Merit: 101
October 25, 2017, 09:15:53 AM
Does anyone have any idea how many people are using gold as a store of value vs btc?  And how long do you think until we have the same user Base as holders of gold?
For me if you want to get rich you must hold bitcoins because for now bitcoin has the higher interest return on investment than to a gold. Gold in the contrary is also good because it can be hold forever because its price and value will last forever unlike bitcoin we do not know what the future holda unto it but as for now I will choose hold bitcoins.
sr. member
Activity: 504
Merit: 252
October 25, 2017, 08:51:05 AM
For me there is little comparison, bitcoin can make you rich, gold can just keep you rich

Although bitcoin prices go up, but we never know what's going to happen with bitcoin's future, it's all guessing and speculating, the gold price is stable and despite the increase of only a dozen percent annually but I suggest to keep investing in gold.
hero member
Activity: 826
Merit: 502
October 25, 2017, 08:01:23 AM
For the people saying that gold is a worthy and reasonable mean of value and has been for hundreds of years and that it will be worth a lot forever. Well, with the development of the technology we can even one day expect times where pure gold can be made in labs, it will therefore lose it's uniqueness and value. After bitcoin there will be many other digital currencies and new coins, maybe even better ones. So it's not like anything lasts forever. Bitcoin can be safely considered a new gold for the digitalized world.

Minerals are actually natural resources. That means that the only way to produce them is by means of the nature's process. It's possible that there will be some development in technology that might allow that in the far future. But I bet it was made for better things other than making gold. Gold is out there for a long time and the people that have funded the project of that thing that can create gold probably have some investment in gold. Why would they reproduce gold? That will affect the market and if they are going to make gold and sell in the market for some profit, eventually the price of gold will go down because of this and they will just lose money as well. Like I said, there will be far better applications for that technology.

Right now, bitcoin is not at all unique. There are literally thousands of cryptocurrencies out there that offers better feature than bitcoin. It's just that bitcoin is at the top and is the most hyped amongst every coin. Other than that, bitcoin is not that special at all. So your argument about bitcoin not lasting forever because of new coins and better ones is false.
full member
Activity: 308
Merit: 105
October 24, 2017, 02:35:25 PM
For me there is little comparison, bitcoin can make you rich, gold can just keep you rich
full member
Activity: 282
Merit: 100
October 24, 2017, 02:33:55 PM
For the people saying that gold is a worthy and reasonable mean of value and has been for hundreds of years and that it will be worth a lot forever. Well, with the development of the technology we can even one day expect times where pure gold can be made in labs, it will therefore lose it's uniqueness and value. After bitcoin there will be many other digital currencies and new coins, maybe even better ones. So it's not like anything lasts forever. Bitcoin can be safely considered a new gold for the digitalized world.
Pages:
Jump to: