Topic: Holdings of gold vs Holdings of btc - page 63. (Read 62794 times)

i think the people interested is changing from time to time. in previous time people were taking interest in gold. but now the interest of people is changing and they are now showing interest in bitcoin because they want to make some extra money.

Please post some actual facts to back up your statements.







You come across as a just a computer nerd wih all his pocket money in Bitcoin as you think its going to make you rich overnight.  I bet you hold no other investment instruments and have no diversification (alt coins dont count )

The world has not has access to information for the last 5000 years as it has now. Gold is dead. No one wants it and everyone will soon want bitcoin. Just deal with the fact and sell your gold already because for the most part it will be useless and cheap and you'll be killing yourself in 5 years when your gold is worth $400 an ounce and btc is trading above 5k.
See ya.

Bitcoin is nothing but a 5 year old Alpha software test.

As soon as Governments are ready to move to digital currency it will be the end of Bitcoin.

comparing 5 yr old bitcoin to something that has held value for thousands of years and seen numerous currencies come and go is laughable.

The recent BTC price action has yet again shown it is China that controls Bitcoin pricing.  If the Chinese government decided to come down hard on bitcoin it would kill the price overnight.

Nonsense! That can be replaced with other materials if need be. I hate gold bugs because all of you really think gold has some useful purpose but the only purpose gold has is... Drum roll please...

NOTHING!

No purpose. Everything you use gold for you can use something else.

All typed from a device containing gold sent through an internet infrastructure laden with gold.

Gold is an element that cannot be copied.

Bitcoin is just lines of open sourced code that anyone can replicate or improve.

Gold is currently being hoarded by the tonne by Russia and China while Bitcoin is ignored.  No major hedge funds, financial institution or government has bought into bitcoin.  Some are interested in blockchain technology but not bitcoin. 

That's correct. Gold cant be used for shit. It's got no real value besides to people who want to wear it and the newer generations are not like the old ones who just listened to what ever mom and dad and grandma and grandpa say.
In 50 years or less gold will be worthless and you can bet on it. Because Robert Deniro says so.

You obviously have no concept of market cap sizes.

The gold market worth $22 trillion a year is now dead because RobertDeNiro says so  

not yet "finished" it's still there and still becoming the favourable option of investments for many rich people around this world and it's proven that gold will always keeping their wealth from fluctuation and sort of that

Gold is finished, gold is dead. Everyone's money should be in btc, ltc doge and vidz.

I will never regret what I have learned about Bitcoin. It is totally awesome and I has gain much successful from it. My first aim when joining the Bitcoin world was to become rich in the near future. But now, I realize Bitcoin contains more than just only rich. That's why I convert nearly 80% of my salary in Bitcoin and use it as both currency and type of investment

I would like to quote myself because I totally got the right timing last April. This is not a game anymore and nobody is gonna be rich quick.
Bitcoin is difficult to understand and sometimes hard to manage and handle but if you know it you won't regret having studying it!

You are right we can buy many things with bitcoins not with gold but we can keep gold for long term in purpose of good profit currently both giving good profit but for short term I like to hold bitcoin and for long purpose now both can work but still gold is much better option

It is much easier to use bitcoin. I used bitcoin to buy things, but never used gold.

Many people owns golds. Gold used for many centuries as their currency. But bitcoin is beats gold. Imagine, there are only few people who is actually owns bitcoin. What more if the all peole use  bitcoin? But gold is good to hold for a very long time since its value is stable. Bitcoin is good for short term investment.

Holding bitcoins is the best for me since i don't tried investing or holding gold. Bitcoin is more volatile than gold and that is the best for me because we can take advantage from that kind of characteristic if you are into trading because fast changing prices can be use to generate profit. Also, In holding bitcoin is very profitable in a short few years unlike gold that it will take a lot to give you profit.

The correct frame to put gold price differences in is that the dollar value is varying.   Not the right time to buy but the right time to be selling your dollars or the correct time to exchange Yen for gold.
Gold itself is perfectly inert and we know its not used up or even used much in industry, nothing changes.   Also the supply of gold is quite low and certainly steady over time.   Variation is not about gold its about FIAT money which is all theoretical and very subject to political upset and shock.  Such as the wrong candidate taking over the biggest seat at the table of many meetings for the next four years!

If you compare the Bitcoin and Gold price graphs you'll easily be able to decipher between the two options. In nearly all cases it becomes essential to buy at the right time.

It's assumed gains from either would boost performance in your portfolio, while on the other hand change the way you'd live as per the economy + upkeep requirements... Despite being rare there are very few people that'd put large proportions of money into precious metals.

Since you're into BTC it's better to buy into the hype since this type of investment is harder to dig, but yields greater results.

Actually holding both gold and bitcoin are good. If you want more safety i advice you to hold the gold, but if you want more profit, you can try hold bitcoin, because the future of bitcoin seems really good. You can see the price of bitcoin is really high right now.

Millions maybe billions use gold if you reference those reliant on it indirectly via central bank deposits which are then circulating notes of promise though obviously its the case now that no note allowing exchange or demand for any real asset including gold is given.
Gold is a very large market though, you can be sure its far bigger then bitcoin still.  I would include places like India where its kept as jewellery but also used in extreme situations to pay into asset ownership or transfer wealth between families instead of the more debt based system the west relies on for 'wealth'

Gold as a store of value depends on what happens with the large sovereign debt issuance, do they default and keep their gold or allow inflation to wipe value from notes and somehow retain the gold.  Both are options and in theory there is no recourse by debt holders but I think creditor countries can and will take action and gold at this point may be used for payment of debt or of goods as trade balance becomes an issue (bad debt = no money and no trade possibly)

If you include this scenario then everyone on the planet is using gold as a store of value.  When your country needs a resource, food or oil then you will be using gold to facilitate those purchases and enable a bad debt record to be cleared.   IF your country is a net exporter, maybe argue differently but I still think gold is alot easier to transport and would be used and even these countries populations are today using gold for future value