Holdings of gold vs Holdings of btc - page 84.

Amph

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Quote from: suda123 on December 22, 2015, 09:22:10 PM

Quote from: talks_cheep on December 16, 2015, 10:17:28 PM

Gold has many uses and applications, some crucial and life-saving. Bitcoin does not have crucial and life-saving utllity. Gold is beautiful to look at and hold. Bitcoin will never be as valuable as gold. Gold lasts forever, bitcoin is just a number in the interweb. Do you think they will care if you hold bitcoins AFTER a nuclear war or a great natural disaster??? If you have gold, you will still be able to buy bread and water with it. No one will want bitcoins when there's no interweb.

uhhh if there was a nuclear war or natural disaster no one would give shit about currency, it's about food and guns, I will shoot you and take your gold.

Read any economic dystopian collapses, people traded there gold for Bic Lighters and ammunition.

why the gold? i'll take directly your foods and everything else, if i'm starving, gold would be useless at that point, only foods and water would matter

and girls for fun activity, if you know what i mean...

suda123

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Quote from: talks_cheep on December 16, 2015, 10:17:28 PM

Gold has many uses and applications, some crucial and life-saving. Bitcoin does not have crucial and life-saving utllity. Gold is beautiful to look at and hold. Bitcoin will never be as valuable as gold. Gold lasts forever, bitcoin is just a number in the interweb. Do you think they will care if you hold bitcoins AFTER a nuclear war or a great natural disaster??? If you have gold, you will still be able to buy bread and water with it. No one will want bitcoins when there's no interweb.

uhhh if there was a nuclear war or natural disaster no one would give shit about currency, it's about food and guns, I will shoot you and take your gold.

Read any economic dystopian collapses, people traded there gold for Bic Lighters and ammunition.

markj113

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Quote from: virtualx on December 22, 2015, 02:38:39 PM

Quote from: ausbit on December 22, 2015, 02:09:32 PM

Quote from: tobacco123 on December 16, 2015, 11:01:27 AM

Maybe for our era, we should have both gold and bitcoin. I think gold will still be valuable at least for the next 50 years....

We can't compare gold with Bitcoins ,logically. Gold we see it glitters shine, we wear it too but at the same time Bitcoins is a digital money. Its price rises and goes down too.now the price is little down but it will gain the market again. Gold values will not be decreased in the future.

Why will gold values not be decreased in the future? I think due to inflation the gold price may go down.

Increasing world population leading to more demand for gold.

Increasing energy costs driving up mining costs (except for recent energy price blip)

All that quantitive easing money floating around will look for a safe haven during the next crash.

virtualx

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Quote from: ausbit on December 22, 2015, 02:09:32 PM

Quote from: tobacco123 on December 16, 2015, 11:01:27 AM

Maybe for our era, we should have both gold and bitcoin. I think gold will still be valuable at least for the next 50 years....

We can't compare gold with Bitcoins ,logically. Gold we see it glitters shine, we wear it too but at the same time Bitcoins is a digital money. Its price rises and goes down too.now the price is little down but it will gain the market again. Gold values will not be decreased in the future.

Why will gold values not be decreased in the future? I think due to inflation the gold price may go down.

ausbit

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Quote from: tobacco123 on December 16, 2015, 11:01:27 AM

Maybe for our era, we should have both gold and bitcoin. I think gold will still be valuable at least for the next 50 years....

We can't compare gold with Bitcoins ,logically. Gold we see it glitters shine, we wear it too but at the same time Bitcoins is a digital money. Its price rises and goes down too.now the price is little down but it will gain the market again. Gold values will not be decreased in the future.

fravia

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well gold is pretty stable currency in my opinion and it can only hold your money safe though investing in bitcoins would be a way better investment as bitcoin has the potential to grow in value what means that you can make a lot of money out of it

Denker

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Quote from: knowhow on December 19, 2015, 02:10:29 PM

Gold has a bigger interest because is material ,and all people loove to have it ,being a ring or other thing,bitcoin is just virtual soo people dont see it the same way as gold,even both becoming to be ending.

Gold gains more interest because of it's several thousand years old history!
How many use cases gold has? Jewelry, money (in the past),conductor in electronic parts, store of value.I think that's it right?

So how many use cases Bitcoin can have?
Way more as gold I think.
In the link you'll find graphic with a few which are possible.
http://n6zgo3se7pe2sazc62u1v9qe.wpengine.netdna-cdn.com/wp-content/uploads/2015/07/Blockchain-Usecases-and-Startups.png

I wouldn't say that Bitcoin is better than gold, or the other way around.Both have advantages and disadvantages.And both are worth it to haven them in your portfolio.But Bitcoin is definitely having the potential of a bigger value, as we are living the digital age.

yoona

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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?

i think its a hard to answer this question,we need some Data to know how many people are using gold as a store of value vs btc,bitcoin user or adopter is still more less than gold holder,so the answer cannot accurate,just think to search the percentage of this two.

Hashminers

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I own some gold jewelry but I mainly bought it because it's just jewelry. I didn't think much of it at the time, about what it's worth and that you can hold gold by just buying it as jewelry. It's actually worth something, I can take a loan off it without having to sell it. Bitcoin is something entirely different though. You can buy bitcoins and just hold it as well but it's not the same as having something as jewelry.

newcoins1978

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Quote from: dothebeats on December 19, 2015, 03:31:11 PM

Quote from: newcoins1978 on December 19, 2015, 03:22:52 PM

Gold is nice. You can wear it and also look at it.
Then there is the value which is even better.

Those are the main reasons i buy gold. Bitcoin i buy because i believe in the concept and the future role of bitcoin in financial markets.

Yes, gold are tangible assets and you can also use them for accessories if you wanted to. On the other hand, bitcoin is also a secure and cool storage of value because you don't need to worry about keeping it because for as long as you have a paper wallet kept in a secure place, your precious coins are fine.

That's true. There are different reasons as to why people invest into bitcoin and gold. Gold has been around for centuries now and bitcoin has only been around for a couple of years. I'm hoping to see the same kind of adaption in bitcoin the same way that it happend with gold.

afriezalie

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Right now I think gold is still more interesting than bitcoin because it's physical investment and more promising than bitcoin until now. Maybe we will touch 10-15% compared to gold holders in 2025. Right now bitcoin holders is below 5% of gold holders Sad

callynyan

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Fiat is eventually going to collapse when that happens you are going to need gold, so I'd suggest 1/4 of wealth in gold and 3/4 in bitcoins so you become rich rich later Grin

nerFohanzo

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Quote from: helloeverybody on December 20, 2015, 01:15:46 PM

I kind of worry with gold that one day they manage to artificially create gold cheaply thus wiping the value of gold down to 0. Possibly that would never happen, or maybe its already been done but kept under wraps. Would be a pretty sad day for gold investors if they did manage it though.

Don't think of future dude, think of present and If you want to make quick profits then I believe that holding bitcoins at a moment is a best option as bitcoin is more volatile then gold and the price fluctuation of bitcoins is very high as compared to gold, So the investors who wants to make quick profits would surely switch to bitcoins as the price fluctuation of gold is not that higher then of bitcoins.

faridkifly

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i dont know which is the best of holdings gold or bitcoin.
but I think in the future we will see that price, and we can prove it

markj113

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Quote from: helloeverybody on December 20, 2015, 01:15:46 PM

I kind of worry with gold that one day they manage to artificially create gold cheaply thus wiping the value of gold down to 0. Possibly that would never happen, or maybe its already been done but kept under wraps. Would be a pretty sad day for gold investors if they did manage it though.

Central banks and the rich own the majority of gold and hold the world power so I dont think they are about to let that happen any time soon.

helloeverybody

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I kind of worry with gold that one day they manage to artificially create gold cheaply thus wiping the value of gold down to 0. Possibly that would never happen, or maybe its already been done but kept under wraps. Would be a pretty sad day for gold investors if they did manage it though.

bryant.coleman

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Quote from: Betwrong on December 20, 2015, 05:28:52 AM

The total value of all gold ever mined is around US$8 trillion.

The total number of bitcoins in circulation is around 15 million.

If Bitcoin were valued as gold then the price of 1 Bitcoin would be US$533,000.

I think in the future we might see that price, but we are far from it for now.

Right now, gold is going at $1,065 per oz, and that equals to $ 34,239,750 per ton.

Some 170,000 tons of gold have been mined out till now in the history of the human civiization. So the net value of all the gold mined is $ 34,239,750 x 170,000 ===> $ 5,820,757,500,000 or $5.82 trillion.

The current gold production is around 3,000 tonnes per year (equivalent to $102.7 billion).

Betwrong

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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?

The total value of all gold ever mined is around US$8 trillion.

The total number of bitcoins in circulation is around 15 million.

If Bitcoin were valued as gold then the price of 1 Bitcoin would be US$533,000.

I think in the future we might see that price, but we are far from it for now.

Amph

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i'm not seeing how gold can possible touch again its peak when 30 years has passed already and no sign of skyrocketing for the value

instead bitcoin have a better chance to touch again the last ath, we are already near it in no time

avw1982

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Quote from: knowhow on December 19, 2015, 02:10:29 PM

Gold has a bigger interest because is material ,and all people loove to have it ,being a ring or other thing,bitcoin is just virtual soo people dont see it the same way as gold,even both becoming to be ending.

This is a thing even first adoptors done. They pizza for 10000BTC but now the price of the bitcoin unimaginable for them at that time. Same case Now we are comparing gold and Bitcoins. As like this Bitcoin will get demand and price will go higher and higher. Don’t think like that. In future bitcoin will win they world.

Topic: Holdings of gold vs Holdings of btc - page 84. (Read 62794 times)