Holdings of gold vs Holdings of btc - page 41.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: BeGoods on July 29, 2017, 08:22:39 PM

Quote from: Pejoh Asu on July 29, 2017, 02:24:48 AM

I think both are equally good choices, but for me for a percentage I better prioritize bitcoin because it has proven to be profitable faster than gold that seems slow moving.

If you want a quick profit of course you can choose to invest in bitcoin. Because bitcoin has a fluctuation in its market price, so it allows you to make a profit in a short time but sometimes you need patience. Because the price may sometimes not match your expectations.

Definitely that is the right answer, you need to take the risk if you want to make more money otherwise you will not get what you want in life.
There are a lot of traditional investment out there that promise a safe return but they only give a small rate so it's your choice if you want to stay safe but always bear in mind that those people who succeeded in life and get a good amount in investment are those who take the bigger risk.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: Pejoh Asu on July 29, 2017, 02:24:48 AM

I think both are equally good choices, but for me for a percentage I better prioritize bitcoin because it has proven to be profitable faster than gold that seems slow moving.

If you want a quick profit of course you can choose to invest in bitcoin. Because bitcoin has a fluctuation in its market price, so it allows you to make a profit in a short time but sometimes you need patience. Because the price may sometimes not match your expectations.

MMA

legendary

Activity: 1134

Merit: 1000

Quote from: wizardee on July 29, 2017, 04:45:22 PM

I do not really think that this is a good comparison in 2017, as Bitcoin still has a potential to be used as only a currency, while Gold has already had its time go by on that matter. However, on the contrary, Gold is a physical item that will retain its value for thousands of years and will be appreciated for its value every second of that time. Bitcoin is still highly volatile, but should still be a solid investment.

yes that is right that bitcoin has very good potential and therefore i think still people are welling to invest money in bitcoin. although tomorrow meeting keeps too much importance an most of the people are waiting for that meeting and after that they will decide that either they are going to invest money in bitcoin or sell the remaining of the price is expected to dump.

stevano

sr. member

Activity: 423

Merit: 251

In the next few years bitcoin will surely be accepted in some other advanced countries, so it will make other countries so come to think of the existence of bitcoin, in addition news in the media will also affect people so want to know about bitcoin so this will bring bitcoin users

wizardee

hero member

Activity: 666

Merit: 500

I do not really think that this is a good comparison in 2017, as Bitcoin still has a potential to be used as only a currency, while Gold has already had its time go by on that matter. However, on the contrary, Gold is a physical item that will retain its value for thousands of years and will be appreciated for its value every second of that time. Bitcoin is still highly volatile, but should still be a solid investment.

minizi99

full member

Activity: 242

Merit: 100

Quote from: batang_bitcoin on July 29, 2017, 04:07:13 PM

Quote from: Pejoh Asu on July 29, 2017, 02:24:48 AM

I think both are equally good choices, but for me for a percentage I better prioritize bitcoin because it has proven to be profitable faster than gold that seems slow moving.

Both gold and bitcoin has a great value and you will never miss any single profit for choosing any of them. Just like the economists are saying, gold, silver are money and bitcoin is money as well. You will not lose for choosing one of them but for me, since I know bitcoin is the best and I'm still not entering the gold scene, I'll go first with bitcoin too.

Bitcoin gives us the opportunity to earn capital, which can be invested in gold.
But gold does not make a big profit, its price is stable and will never fluctuate as the price of bitcoin.
Both of these assets are good in their own way

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: Pejoh Asu on July 29, 2017, 02:24:48 AM

I think both are equally good choices, but for me for a percentage I better prioritize bitcoin because it has proven to be profitable faster than gold that seems slow moving.

Both gold and bitcoin has a great value and you will never miss any single profit for choosing any of them. Just like the economists are saying, gold, silver are money and bitcoin is money as well. You will not lose for choosing one of them but for me, since I know bitcoin is the best and I'm still not entering the gold scene, I'll go first with bitcoin too.

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: helloeverybody on December 16, 2015, 08:26:32 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?

Never. Gold is not extinct yet and so many countries hold it as their tradition. Gold exists at least 10 times more than the amount of bitcoin available. You can use Bitcoin on a daily basis for transactions,but who will use gold everyday for transactions? Also gold Is something that is tangible ,valuable,trusted by everyone but bitcoin is not tangible and Its not trusted as well.

Pejoh Asu

sr. member

Activity: 1484

Merit: 254

I think both are equally good choices, but for me for a percentage I better prioritize bitcoin because it has proven to be profitable faster than gold that seems slow moving.

Ronaldcoin2017

sr. member

Activity: 1148

Merit: 300

Quote from: TropicalDog17 on July 28, 2017, 08:58:20 PM

Gold is stable for thousand years so you could hold your fortune in gold without worrying gold becomes worthless. holding bitcoin is more profitable but it's risky. Imo, holding gold is better

i dont agree on you the price of the gold is rising.but it is consuming a lot of time.t hat was only thier different .because in bitcoin in only 1 year or 3 to 5 years from now it can be more valuable.in a short period of time gold cannot currently increase thier price but in bitcoin it is un predictable maybe tommorow or in the next week or these comming 2 to 3 years from now it can be verry high in terms of price..

TropicalDog17

member

Activity: 308

Merit: 10

Gold is stable for thousand years so you could hold your fortune in gold without worrying gold becomes worthless. holding bitcoin is more profitable but it's risky. Imo, holding gold is better

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: Pattart on July 25, 2017, 08:31:55 PM

Quote from: The_Dark_Knight on July 22, 2017, 10:57:34 PM

The gold market is huge compared to the market of bitcoin and I do not think that is going to change any time soon, however bitcoin is slowly gaining ground, let us hope that in the next 10 to 20 years bitcoin can compare to a fraction of the market of gold.

It's because bitcoin has not been so popular right now, look at gold users already reaching the whole world and everyone in the world knows that gold is a profitable and safe investment. Of course that's what makes the gold market bigger than bitcoin, I think bitcoin takes a long time to be like gold?

Gold has been around for lot more time and that generate trust in people they know that if they put their savings in gold, gold is not going to become valueless while they are sleeping when people finally have that confidence in bitcoin then the price of bitcoin will go up.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: The_Dark_Knight on July 22, 2017, 10:57:34 PM

The gold market is huge compared to the market of bitcoin and I do not think that is going to change any time soon, however bitcoin is slowly gaining ground, let us hope that in the next 10 to 20 years bitcoin can compare to a fraction of the market of gold.

Of course gold market is bigger than bitcoin market, of course because gold has existed for thousands of years ago and already believed by many people in the world, of course that makes gold bigger, safer, than bitcoin. I think bitcoin is nothing compared to gold. gold more superior

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: ladydark on July 27, 2017, 08:59:55 AM

Quote from: helloeverybody on December 16, 2015, 08:26:32 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 stored for centuries as an investment and also used a an ornament.It has gained trust of people world wide for decades.Huge volume of people are holding gold as an investment.But bitcoin has been introduced just eight years ago.Earlier,it was mostly used as a currency.From past two years after its price has raised tremendously and so people started considering bitcoin as an investment.So,in no way,volume of bitcoin holders could reach volume of gold holders.

but i think in present time the best place for good investment is bitcoin. through bitcoin investment you can make such amount of money that you cannot even expect form anything else. i am sure that bitcoin investment can give us good profit.

Konthol Ngaceng

sr. member

Activity: 646

Merit: 252

Fact for the last 3 years that the price of gold is stagnant so it is no longer profitable. Different from bitcoin, very volatile and profitable, so I recommend to hold bitcoin than gold.

roadbits

legendary

Activity: 1092

Merit: 1000

Quote from: ladydark on July 27, 2017, 08:59:55 AM

Quote from: helloeverybody on December 16, 2015, 08:26:32 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 stored for centuries as an investment and also used a an ornament.It has gained trust of people world wide for decades.Huge volume of people are holding gold as an investment.But bitcoin has been introduced just eight years ago.Earlier,it was mostly used as a currency.From past two years after its price has raised tremendously and so people started considering bitcoin as an investment.So,in no way,volume of bitcoin holders could reach volume of gold holders.

Yes you are right now Bitcoin will give us good profit if we invest on this coin. But this is physical currency suppose the value goes down you will not get anything you should wait to increase price or you sell your coins at a low price. But gold is not like that if the value drops mean we can make ornaments and use it in real life. You can save your money in gold but don't expect profit like Bitcoin.

ladydark

hero member

Activity: 686

Merit: 500

Quote from: helloeverybody on December 16, 2015, 08:26:32 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 stored for centuries as an investment and also used a an ornament.It has gained trust of people world wide for decades.Huge volume of people are holding gold as an investment.But bitcoin has been introduced just eight years ago.Earlier,it was mostly used as a currency.From past two years after its price has raised tremendously and so people started considering bitcoin as an investment.So,in no way,volume of bitcoin holders could reach volume of gold holders.

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: The_Dark_Knight on July 22, 2017, 10:57:34 PM

The gold market is huge compared to the market of bitcoin and I do not think that is going to change any time soon, however bitcoin is slowly gaining ground, let us hope that in the next 10 to 20 years bitcoin can compare to a fraction of the market of gold.

It's because bitcoin has not been so popular right now, look at gold users already reaching the whole world and everyone in the world knows that gold is a profitable and safe investment. Of course that's what makes the gold market bigger than bitcoin, I think bitcoin takes a long time to be like gold?

rjbtc2017

sr. member

Activity: 322

Merit: 252

Quote from: tal3sfromthecrypt on July 22, 2017, 03:32:42 PM

There are a few key differences:

Liquidity and fees: it's much easier, and less costly as a % of principal, to buy/sell bitcoin than it is to buy/sell gold. This is positive for bitcoin.
Time: gold has been used as a store of value for thousands of years, and will probably be used as a store of value in the future. Bitcoin is still in its infancy. This is positive for gold.
Practical value: Gold is used for some industrial processes, but rarely. Bitcoin has a ton of uses as a means of exchange. Positive for bitcoin.

Exactly!, Bitcoin and Gold has it's own pros and cons, but we must understand that bitcoin is not strong as Gold when it comes to global adoption and becoming a global standard, but as time goes by, bitcoin will mature into becoming as strong as gold, and i agree when it comes to normal exchanges, bitcoin is usable specially on exchange to fiat money, no doubt on that and bitcoin has a lot of future opportunities and possibilities that can strengthen it's status as a currency.

The_Dark_Knight

hero member

Activity: 840

Merit: 502

Quote from: MFahad on July 25, 2017, 01:48:09 AM

Quote from: The_Dark_Knight on July 22, 2017, 10:57:34 PM

The gold market is huge compared to the market of bitcoin and I do not think that is going to change any time soon, however bitcoin is slowly gaining ground, let us hope that in the next 10 to 20 years bitcoin can compare to a fraction of the market of gold.

Gold market is huge just because Gold is for there for more than 100 years and people has great trust on it. No one can say that he did not know about the Gold. On the other hand Bitcoin has not completed its 10 years of its lifecycle and also many people in the world simple do not know what is a bitcoin. But this does not make Gold superior than Bitcoin. Consider the price and value which bitcoin has created in just less than 10 years and if bitcoin had 100 years of time, it could have been way ahead of Gold.

I do not know about that but I do know that if bitcoin keeps growing at the rate it has done so and the devs keep improving the protocol then there is a big chance that bitcoin will be able to get a significant market that belongs to gold at the moment since investor will like to have a store of value and to earn money too.

Topic: Holdings of gold vs Holdings of btc - page 41. (Read 62794 times)