Holdings of gold vs Holdings of btc - page 53.

Betwrong

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Quote from: Haesoo on June 18, 2017, 09:22:30 AM

Quote from: zodiac3011 on December 16, 2015, 10:21:14 AM

Well in my opinion, bitcoin will never be equal to gold because gold has physical value and represents for the whole economy while bitcoin is just numbers. One possibility for that to happen is we lose all our gold

Absolutely right.
If there's no internet bitcoin will be nothing.
As per gold that can be seen, its something that can be hold. Tangible is the right term. People are always after to that.
No other thing can beat gold as for investment.
But these two are important to our market as it gave us always profitable income.

Probably that would be a right statement before Bitcoin was introduced, but since the year 2009 this is not the case.

Let's not talk about the obvious, that buying Bitcoin under $300 has always been a much better investment than in gold. Let's talk about the "awful time" for buying Bitcoin, namely December 2013. People who bought at $1,200 were regretting their purchase during following 3 years. Yet today we can say that even back then buying Bitcoin was a better decision than buying gold for investment, because gold price now is almost the same like it was in December 2013, 1,229 USD/oz then vs 1,253 USD/oz now, while Bitcoin has risen more than 2 times since.

Haesoo

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Quote from: zodiac3011 on December 16, 2015, 10:21:14 AM

Well in my opinion, bitcoin will never be equal to gold because gold has physical value and represents for the whole economy while bitcoin is just numbers. One possibility for that to happen is we lose all our gold

Absolutely right.
If there's no internet bitcoin will be nothing.
As per gold that can be seen, its something that can be hold. Tangible is the right term. People are always after to that.
No other thing can beat gold as for investment.
But these two are important to our market as it gave us always profitable income.

batang_bitcoin

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Quote from: Mr.grin on June 18, 2017, 05:51:34 AM

If it has a chance to hold both I think it's a very good thing, because bitcoin and gold are very promising investment tools for the future, but if one of them, I think, bitcoin is better, because bitcoin has a flexible function, For investment, but also for business.

Holding both bitcoin and gold is the best thing for an investor to do. You have assurance that you will be getting good profit whether you choose long term investment or short term investment. As both of those things are profitable though I agree with you, bitcoin has more active market rather than gold.

Obito

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Quote from: Nathland on June 18, 2017, 08:18:17 AM

I think holding of gold is better because gold is more stable than Bitcoin. Price of Bitcoin is very volatile. Gold is also more popular and more people are interested in holding gold over bitcoin.

I would prefer to hold bitcoin rather than in gold because just like you had mention, gold's price is stable than bitcoin and that means bitcoin has an advantage to grow into a enormous price because of its unstability. If I have enough of money I'd invest it on bitcoin because it has a chance to get double.

Nathland

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I think holding of gold is better because gold is more stable than Bitcoin. Price of Bitcoin is very volatile. Gold is also more popular and more people are interested in holding gold over bitcoin.

Mr.grin

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If it has a chance to hold both I think it's a very good thing, because bitcoin and gold are very promising investment tools for the future, but if one of them, I think, bitcoin is better, because bitcoin has a flexible function, For investment, but also for business.

iamTom123

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Quote from: dothebeats on June 18, 2017, 02:33:14 AM

Quote from: LegendOF45 on June 17, 2017, 02:27:41 AM

Now the price of the bitcoin drop again, this makes me confused to continue to hold bitcoin, supposing I sell when $2900 certainly I will get over $500/btc, this makes me have to be realistic not to hold when prices bitcoin are already high.

Bitcoin's market is a fast-paced one unlike gold which slowly creeps up in price over time. Plunges and rises are too common in the bitcoin ecosystem that it's not rare to see 20% increase or drops in just a single day. If you think that your mind is not ready to comprehend about these fast changes then sell if you are in profit then forget about bitcoin.

Gold is considered as a safe haven because of its stability and although for the past 6 years the value has not nudged that much still this is considered to be a very safe investment tool. Now, compared to Bitcoin which is very volatile which means anytime it can go up and down, some might not be strong to deal with its swings.

However, what attracted many to Bitcoin is in fact its volatility because a good trader can make money when a certain investment medium is always active experiencing some bumps from time to time.

It is then okay to get gold but if you want more potential to earn money and the value to surpass that of gold anytime then Bitcoin should be part of your investment mix.

dothebeats

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Quote from: LegendOF45 on June 17, 2017, 02:27:41 AM

Now the price of the bitcoin drop again, this makes me confused to continue to hold bitcoin, supposing I sell when $2900 certainly I will get over $500/btc, this makes me have to be realistic not to hold when prices bitcoin are already high.

Bitcoin's market is a fast-paced one unlike gold which slowly creeps up in price over time. Plunges and rises are too common in the bitcoin ecosystem that it's not rare to see 20% increase or drops in just a single day. If you think that your mind is not ready to comprehend about these fast changes then sell if you are in profit then forget about bitcoin.

bit1

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Quote from: LegendOF45 on June 17, 2017, 02:27:41 AM

Now the price of the bitcoin drop again, this makes me confused to continue to hold bitcoin, supposing I sell when $2900 certainly I will get over $500/btc, this makes me have to be realistic not to hold when prices bitcoin are already high.

With that you would be saying that the price would not go beyond, it is a very safe position, but what if it does not happen like that, if you decide to go back later you can lose the $500 in the best of cases what you put as an example, because at some point the price can reach $3400 but I clarify, I do not know if it reach that price.

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Quote from: cluit on June 18, 2017, 02:11:17 AM

Quote from: joromz1226 on June 14, 2017, 03:24:12 AM

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?

If you are in this industry well, obviously you will choose of course holding bitcoins. Though there's an instances that bitcoin has a similarity in Gold. Which is as time pass by the value increases, but in bitcoin fluctuation there is sometimes the movement is very aggressive and sometimes very slow moving.

Each is completely different and each has a different use and place in your portfolio. Gold prices are based on pretty concrete things and real life data. Bitcoin is mostly price based on whims, rumors and other intangible and mostly false data.

They are different but if you compare those two assets on which is the most profitable on them I think the bitcoin well give you the best shot on this since you can earn more profits even though you are playing with it in short period of time. But if you Want a passive long time profit stake well gold is not bad to stake with since we all know year by year the price of it keeps rising but im so sure that we will be old by that time before we can earn huge money for gold.

virasog

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The exchanges, the forums and various site uses are the controlling factor behind the price of Bitcoin, through information overload and buy/sell. Gold has very real and predictable events that can be seen, Bitcoin can be predicted, but a single petty forum member or chat boxer can alter things quickly by dropping complete lies or rumors or whatever and watch the fire spread.

cluit

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Quote from: joromz1226 on June 14, 2017, 03:24:12 AM

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?

If you are in this industry well, obviously you will choose of course holding bitcoins. Though there's an instances that bitcoin has a similarity in Gold. Which is as time pass by the value increases, but in bitcoin fluctuation there is sometimes the movement is very aggressive and sometimes very slow moving.

Each is completely different and each has a different use and place in your portfolio. Gold prices are based on pretty concrete things and real life data. Bitcoin is mostly price based on whims, rumors and other intangible and mostly false data.

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Quote from: LeGaulois on June 16, 2017, 05:30:35 PM

Quote from: Rizky Aditya on June 16, 2017, 06:38:58 AM

Quote from: yatogami on June 15, 2017, 06:34:50 AM

if me, i want hold more more bitcoin in my wallet, because few years again bitcoin is going to the moon and in that time is paradise for bitcoin holder.

yes you are right bitcoin holding is very much better as compare to gold because the price of bitcoin in some years will be very high and i think those people who have hold more and more bitcoin they will be very happy and rich because due to bitcoin holding their money will be either double or triple, but i think those people who do not know about bitcoin they are trying to hold more and more gold because they think that it will make profit for them.

It is a totally wrong thiking. Firstly you say the price of bitcoin in some years will be very high. It is just a collective opinion that you repeat, it doesn't mean it's going to hapen. On another side it can happen the totally opposite with a very low value. Secondly you say people who do not know about bitcoin they are trying to hold more and more gold because they think that it will make profit for them. Investing in Gold doesn't serve the same purpose, you buy gold to secure your money, not to make profits

Differences in mindset should be applied to bitcoin and gold because bitcoin is not actually an asset, but a currency that can be traded on a daily basis. Gold is only for the purpose of securing wealth such as savings and future insurance. If there is a better question about which commodity, then bitcoin has more value.

LegendOF45

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Now the price of the bitcoin drop again, this makes me confused to continue to hold bitcoin, supposing I sell when $2900 certainly I will get over $500/btc, this makes me have to be realistic not to hold when prices bitcoin are already high.

LeGaulois

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Quote from: Rizky Aditya on June 16, 2017, 06:38:58 AM

Quote from: yatogami on June 15, 2017, 06:34:50 AM

if me, i want hold more more bitcoin in my wallet, because few years again bitcoin is going to the moon and in that time is paradise for bitcoin holder.

yes you are right bitcoin holding is very much better as compare to gold because the price of bitcoin in some years will be very high and i think those people who have hold more and more bitcoin they will be very happy and rich because due to bitcoin holding their money will be either double or triple, but i think those people who do not know about bitcoin they are trying to hold more and more gold because they think that it will make profit for them.

It is a totally wrong thiking. Firstly you say the price of bitcoin in some years will be very high. It is just a collective opinion that you repeat, it doesn't mean it's going to hapen. On another side it can happen the totally opposite with a very low value. Secondly you say people who do not know about bitcoin they are trying to hold more and more gold because they think that it will make profit for them. Investing in Gold doesn't serve the same purpose, you buy gold to secure your money, not to make profits

SingAlong

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Quote from: marcuslong on June 14, 2017, 10:34:44 AM

Quote from: Senja Kemuning on June 14, 2017, 05:00:07 AM

I suggest to select both, don't be tempted even though prices are skyrocketing because of the bitcoin it is no certainty. holding gold is more secure because the gold is always stable and acceptable to everyone.

Only one just choose one, For you if you are rich and wanted to waste money for that two but if im going to ask im only going to choose one and thats would be bitcoin bitcoin now are reach the gold price and it will conquer the world soon with the new technology that bitcoin can do. Holding bitcoin can make a good profit since bitcoin has the prediction of after 5 years or 5 years from now bitcoin will be half of a million price how does this sound to you?

That is if you want to really go into safe side you would want to choose both since the two of them would surely become beneficial to you though your attention and resources would be split into two. There's nothing wrong really in holding both Bitcoin and gold but as for me I focus more on Bitcoin since I can easily acquire it compared to gold and move it anytime I wish. Also with the Bitcoins that I have in my possession, I can multiply it even more by trading or investing it for either short term or long term. Basically, there are a lot of options in Bitcoin than Gold.

Rizky Aditya

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Quote from: yatogami on June 15, 2017, 06:34:50 AM

if me, i want hold more more bitcoin in my wallet, because few years again bitcoin is going to the moon and in that time is paradise for bitcoin holder.

yes you are right bitcoin holding is very much better as compare to gold because the price of bitcoin in some years will be very high and i think those people who have hold more and more bitcoin they will be very happy and rich because due to bitcoin holding their money will be either double or triple, but i think those people who do not know about bitcoin they are trying to hold more and more gold because they think that it will make profit for them.

geegaw

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Quote from: mastadonballs on June 16, 2017, 04:42:13 AM

I think holding Bitcoin is much more easier and more profitable but it is also containing more risks than holding Gold

I do not think so, I think we should keep both because gold and Bitcoin is 2 ideal investment choice, gold can help us make long term profit and very safe, however profit is low, Bitcoin can bring us huge profits in a short period of time but it has certain risks. Both have advantages and disadvantages but if we keep both bitcoin and gold, it will complement each other, that will help us get long-term and short-term profits. In addition not putting all the money into bitcoin will help us limit the risk

myelbow4

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Well, if you consider the fact that Gold is here for thousands of years, with high liquidity market, and strong user base, you'll realize that's something really hard to achieve. But the good thing is that Bitcoin has already a good network effect, with an ecosystem that expands every day.

Laska_Forum

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the best longterm hold is gold
because is savety and liquid to exchange fiat money
bitcoin is very good in day trading not good is long time hold

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