Holdings of gold vs Holdings of btc - page 50.

Netnox

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Quote from: shine1123 on June 26, 2017, 10:29:58 PM

You can say that because the price of bitcoin is at top right now, but we don't know is the price of bitcoin will stay on top or not. Holding of btcs is more risky than holding of gold imo, because the bitcoins price can easily going down and go high which is not recommend for holding for long term. In the other hand, gold price is not significanly change, cmiiw.

Gold has been in existence for thousands of years and until the mid 20th century, the fiat currencies were backed up with gold. And since there is limited amount of gold available for extraction in the world, the prices are somewhat stable. But the same can't be said about Bitcoin. It came to existence just 8 years back. Therefore the volatility will be high.

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Quote from: shine1123 on June 26, 2017, 10:29:58 PM

Quote from: Colt22 on June 26, 2017, 07:42:18 PM

Quote from: HeRetiK on June 24, 2017, 04:58:12 AM

In a couple of decades gold will lose its scarcity due to asteroid mining and Bitcoin will become the new global standard store of value. There, I said it.

Holding bitcoin vs Holding Gold.Now a days 1 Bitcoin can change your life. But 1 Gram Gold cannot why? Because Bitcoin is increasing day by day and it is rank over all the market. While Gold is also increasing but no that much as Bitcoin.

You can say that because the price of bitcoin is at top right now, but we don't know is the price of bitcoin will stay on top or not. Holding of btcs is more risky than holding of gold imo, because the bitcoins price can easily going down and go high which is not recommend for holding for long term. In the other hand, gold price is not significanly change, cmiiw.

You could be right but it's definitely the idea of the people who trust the future of bitcoin.
I never invested in gold because I cannot afford it and even now I have more to invest I still prefer investing with bitcoin although I know the risk is big, whatever happen I will support bitcoin over any other investment since I have most of my money coming from bitcoin.

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Quote from: Colt22 on June 26, 2017, 07:42:18 PM

Quote from: HeRetiK on June 24, 2017, 04:58:12 AM

In a couple of decades gold will lose its scarcity due to asteroid mining and Bitcoin will become the new global standard store of value. There, I said it.

Holding bitcoin vs Holding Gold.Now a days 1 Bitcoin can change your life. But 1 Gram Gold cannot why? Because Bitcoin is increasing day by day and it is rank over all the market. While Gold is also increasing but no that much as Bitcoin.

You can say that because the price of bitcoin is at top right now, but we don't know is the price of bitcoin will stay on top or not. Holding of btcs is more risky than holding of gold imo, because the bitcoins price can easily going down and go high which is not recommend for holding for long term. In the other hand, gold price is not significanly change, cmiiw.

Tungsten-1

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Quote from: Colt22 on June 26, 2017, 07:42:18 PM

Quote from: HeRetiK on June 24, 2017, 04:58:12 AM

In a couple of decades gold will lose its scarcity due to asteroid mining and Bitcoin will become the new global standard store of value. There, I said it.

Holding bitcoin vs Holding Gold.Now a days 1 Bitcoin can change your life. But 1 Gram Gold cannot why? Because Bitcoin is increasing day by day and it is rank over all the market. While Gold is also increasing but no that much as Bitcoin.

Yes you are right that nowadays holding bitcoin can change your life with enjoyable than holding of gold . holding bitcoin is very profitable in that way its price will increase by daily than gold and you hod your bitcoin for long time its make your life luxury.

Colt22

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Quote from: HeRetiK on June 24, 2017, 04:58:12 AM

In a couple of decades gold will lose its scarcity due to asteroid mining and Bitcoin will become the new global standard store of value. There, I said it.

Holding bitcoin vs Holding Gold.Now a days 1 Bitcoin can change your life. But 1 Gram Gold cannot why? Because Bitcoin is increasing day by day and it is rank over all the market. While Gold is also increasing but no that much as Bitcoin.

bluefirecorp

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Quote from: guoyu78 on June 22, 2017, 08:00:44 PM

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gold is not better then btc, coz u can't buy or sell gold like btc so for me btc holding better then gold.

yeah nowadays buy and sell your bitcoin is very much easy and safe than gold because there is a lot of thief and we can not easily buy or sell our gold as bitcoin and we know bitcoin is very much secure and we do not need to worry about thief or other tax.

The gold is easy to hold as compare to the bitcoin. The bitcoin is a new technology and still many people are not aware of it also all the people who come to know about the bitcoin are not capable to use it because all the people cannot use the computer due to lack of education. So therefore majority of people are holding bitcoin.

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Quote from: Pattart on June 25, 2017, 09:40:21 PM

Quote from: HeRetiK on June 25, 2017, 04:17:59 PM

Quote from: Netnox on June 25, 2017, 03:15:41 PM

Quote from: HeRetiK on June 24, 2017, 04:58:12 AM

In a couple of decades gold will lose its scarcity due to asteroid mining and Bitcoin will become the new global standard store of value. There, I said it.

Asteroid mining is impractical. There are many challenges. First of all, only very small amounts of gold is present in these asteroids, so it will take a lot of effort and time to extract the metal. And secondly, space missions are extremely expensive. You may spend $100 million in conducting one single space mission to the asteroids, and in return you will get $1,000 worth of gold.

Like I said... impractical with current technologies. In a couple of decades, who knows.

Still to mine gold will also look difficult, and you need to look into the earth to get gold and that's not an easy thing. And gold also has a limit. So gold will continue to have a bright future. And certainly has a high price. Because to get and mine gold is not an easy thing

Gold has a future because gold is already here even we are not born in this world and it is one of the most precious metal so it will become more expensive but not like bitcoin that has a rapid growth because gold will increase on its price on a slow process while if you have holdings in bitcoin then you can earn up to 50% in just a few weeks.

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Quote from: HeRetiK on June 25, 2017, 04:17:59 PM

Quote from: Netnox on June 25, 2017, 03:15:41 PM

Quote from: HeRetiK on June 24, 2017, 04:58:12 AM

In a couple of decades gold will lose its scarcity due to asteroid mining and Bitcoin will become the new global standard store of value. There, I said it.

Asteroid mining is impractical. There are many challenges. First of all, only very small amounts of gold is present in these asteroids, so it will take a lot of effort and time to extract the metal. And secondly, space missions are extremely expensive. You may spend $100 million in conducting one single space mission to the asteroids, and in return you will get $1,000 worth of gold.

Like I said... impractical with current technologies. In a couple of decades, who knows.

Still to mine gold will also look difficult, and you need to look into the earth to get gold and that's not an easy thing. And gold also has a limit. So gold will continue to have a bright future. And certainly has a high price. Because to get and mine gold is not an easy thing

tigershark

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Quote from: markj113 on December 16, 2015, 09:42:32 AM

Are you including central banks etc.

In countries like India its cultural to hold.

Bitcoin is a drop in the ocean compared to market cap of gold.

I agree because gold is valued worldwide and has been for thousands of years. Most people in developed countries probably have some gold in jewelry or as an investment. It also has other uses such as in electronics. Bitcoin has a lot of potential but it is very new and experimental right now. It is not well known yet and is only electronic so it may never be as useful as gold.

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Quote from: helloeverybody on December 16, 2015, 09:26:32 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?

Well i think it can not be said for sure, but i still believe more in gold than in bitcoin. Yes bitcoin is new and it is easier to earn with bitcoin, but gold has been stable way of keeping money for long time. And i believe it will remain that way for many more years to come. But i do not disagree that holding bitcoin does not have its value. Maybe hold a bit of bitcoins always, just to be sure Tongue

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Quote from: Netnox on June 25, 2017, 03:15:41 PM

Quote from: HeRetiK on June 24, 2017, 04:58:12 AM

In a couple of decades gold will lose its scarcity due to asteroid mining and Bitcoin will become the new global standard store of value. There, I said it.

Asteroid mining is impractical. There are many challenges. First of all, only very small amounts of gold is present in these asteroids, so it will take a lot of effort and time to extract the metal. And secondly, space missions are extremely expensive. You may spend $100 million in conducting one single space mission to the asteroids, and in return you will get $1,000 worth of gold.

Like I said... impractical with current technologies. In a couple of decades, who knows.

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Holding Gold as an investment would be more safer than holding up BTC for long term.

Gold prices always rise over the years but for BTC this does not apply. At time you could make quick money (if you're lucky) with Bitcoins but at the same instance Gold won't yield you much.

So if you are looking for stability, go for gold or if you are willing to take the risks (ofcourse high returns) then go for BTC.

Netnox

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Quote from: HeRetiK on June 24, 2017, 04:58:12 AM

In a couple of decades gold will lose its scarcity due to asteroid mining and Bitcoin will become the new global standard store of value. There, I said it.

Asteroid mining is impractical. There are many challenges. First of all, only very small amounts of gold is present in these asteroids, so it will take a lot of effort and time to extract the metal. And secondly, space missions are extremely expensive. You may spend $100 million in conducting one single space mission to the asteroids, and in return you will get $1,000 worth of gold.

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Quote from: hahay on June 23, 2017, 06:51:12 AM

Quote from: sunsilk on June 23, 2017, 06:43:14 AM

Quote from: deadmousehat on June 22, 2017, 06:58:04 PM

Gold prices are more stable than bitcoin.
Long-term investment is definitely profitable.
But now Bitcoins is the most valuable than gold.

Not all the time price of gold is stable, there are times that it is also falling but not that often.

And when it comes to pricing it's better to prefer with bitcoin and not with gold, the market of bitcoin is still young.

Unlike gold, it's already been crowded by a lot of big investors.

Agree, that's the reason I better hold the btc than gold as an investment tool at the moment and I'm sure big investors also will invest in bitcoin in the next few months.

The price of the gold is also no doubt all the time stable but the reason that the people still like to keep gold it that the price of the gold don’t go that much low. Both the price increase and decrease observed in the gold are not in the extreme nor are rapid. While the Bitcoin price decrease so rapidly that it don’t gives you other chance to think.

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I really think that bitcoin is more profitable in the long run,
This thread was created in 2015 in December 16 and the price of bitcoin has really pump up if you would compare it .

yoonah

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Holding gold and bitcoin is both a good investment because the value of both will be more valuable in a long run. The only difference is that bitcoin's value can double or triple in a small span of time while gold's value will take you years before making it double or triple.

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Quote from: Hasbro27 on June 25, 2017, 08:48:58 AM

I think gold will not be replaced by btc because gold is physical and btc is just a number, for security long term investment I prefer gold,

I don't agree with you on this issue..
Bitcoin is not just a number, Bitcoin is the most precious currency now a days, day by day Bitcoin is becoming a profitable and acceptable currency across the world. Many developed countries are going to allow Bitcoin as a legal currency, Japan already approved it as a legal currency, so from my point of view is that Bitcoin would be preferable to gold...

Hasbro27

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I think gold will not be replaced by btc because gold is physical and btc is just a number, for security long term investment I prefer gold,

SMSabuj

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Holding gold is a tradition. Our country buys and holds a huge gold every year. Bitcoin is not available in our country. Gold is gold nothing else.

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Quote from: helloeverybody on December 16, 2015, 09:26:32 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?

Holding bitcoin is the best because the bitcoin is a limited supply only so if many people will buy bitcoins the price of it will go up because the bitcoin history is just like that as time pass by the bitcoin will pump and pump. But in gold the price of it is so stable so I will go for the bitcoin.

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