Topic: Re: Will people come back to gold - page 8. (Read 1658 times)

this happens because volatile bitcoin is high, so the value of bitcoin can change drastically in a short time. of course it becomes problematic when used as a currency. but if BTC can win the trust of the whole world, I think price stability can be maintained, and it does not need to go back to gold

You are quite right, the bitcoin can generate losses only when you enter the less indicated time, that is, in 2017 many people entered and bought bitcoint in $ 20k, that happened to them because they did not know what they had in the market, if we compare it with gold, is very different, because gold has a great support worldwide and is the one that gives greater stability to an economy even of nations, in fact, the nations that have more gold reserves in the world, you could say that are well prepared to resist a possible global collapse of the economy if we take into account the dollar and the euro.

On the other hand, bitcoin represents a safe investment at this time, because if you study the market at this time, it can be determined that there is a very good accumulation phase for a bitcoin investment, which, in a time that can not be determine when, bitcoin will grow much more and will be much more valuable than gold, in fact in a possible global crash, you could compare or equate the value of Bitcoin / Gold, since that would be the currency that could be taken into account in a moment like that, if the world economy in such a case can not recover.

Many currently buy gold, but they themselves buy gold, they also buy bitcoin, because they know that having a strong backing, they can always have bitcoin and gold as a speculation, so I think that yes, many buy gold for those same reasons, to protect against a global decline in the economy.

Maybe your opinion is true that gold has long been used as the easiest investment whenever it can be directly carried out transactions, but it is different from bitcoin because bitcoin is a long-term investment that needs to be researched before making a transaction, because if Bitcoin incorrectly applies the transaction then it can experience big losses. it will not happen with gold.

My opinion is the gold is like being stable for long period of time people always using it for their future investment but more than gold people want quick profit and quick success that's why Bitcoin will be going like super developing investment in all the mindset of paper so coming back to Gold will be little difficult for everyone in the future.

If we take a look closer, we have already found Bitcoin and there's only a few opportunity for us to get back on fiat. Let's put aside fiat since there are a lot problem on it and do compare Bitcoin with Gold. The biggest problem on Gold is about the size and weight in transaction : Bitcoin can be divided to 8 decimal and simply used by transferring it to other party while Gold, even can be divided to small pieces, it will be hard for a large amount of transactions. Other problem might be about control : Bitcoin, as we all knew have no center and no one can actually control over it while Gold can be controlled by few parties that has a big power.

I trust gold more than any other traditional assets all around, it is tested and aged since the beginning. In any case just to be safe, we better hold golds too for us to be put in a safe place. Sounds great right? Gold, Bitcoin, Farm Lands, I feel safe with these investments.

Indeed, Bitcoin is a virtual gold.  Because it is expensive and its limited amount in circulation.  I am sure that in the future we will use it and we will all understand it.

Where when all people think that bitcoin / cryptocurrency is the most important thing in all fields that's where everyone will get back to business in 2017,
I'm sure this 2019 will make everyone nervous.

I believe god would be used only as backup. After all the human society is more developed than 50 years ago and we can estimate in a different way the value of objects.

People will not return to gold, because they have not left him anywhere. Gold has always been and will be the most reliable repository of value, which also brings some profit. More risky investments sometimes bring more profit or loss of your funds. Cryptocurrency has a certain risk, so the amounts that we are willing to risk, we invest in cryptocurrency, and those that we want to keep in reserve, it is advisable to store either in a bank for deposit storage or in assets such as gold.

You obviously miss the whole point of gold

Gold is a very specific investment, if investing in it can be called an investment at all. People are typically investing in something (say, Bitcoin) to make their money grow. But this is not the case with gold and if you are looking to multiply your wealth, gold is an enormously wrong choice (read, you should look elsewhere). Gold is a store of value and it should be considered as such only, i.e. as a store of value and not as a vehicle for multiplying it



Gold is like silence, it is hard to refute it

i think comparing gold and crypto or especially btc is not appropriate as i have seen many do it,gold is a mineral ,it is not just used as asset but in different field as well ,one of the major it is used in ornaments and south asia and rich people prefer to wear rich mineral which dignify their status,sorry to say btc doesn't play role other than payment breakthrough,in future we might see better payment technology but gold will be irreplaceable asset in general life.so it is not fit to compare both of them.

What about the 429 tonnes used for industrial purposes.

I wish people wouldn't comment when they don't know what they are talking about.

I also think like that. gold has indeed become a clear instrument of investment long ago. well, but since 2016, there have been quite a lot of people glancing at crypto. but, after price declines, they might look for other investments, and gold could be one of them. but I think there are still many projects that can reach hardcap, it depends on the type of project that exists.

Gold practically has no use except for to accessorize. IMO, gold is not such a good investment unlike many believe it to be. Back when there were not much to invest in, gold was probably one of the few options to choose from. Plus considering the fact that it was used as a medium for exchange, people must have saved up on it because of it's increasing value. But I bet it had increasing value then because of its use, but now since it's not used as much nor is it as rare to find, it may not make much of a good investment nor will it's value increase as significantly as before.

everyone will not switch investments from gold to crypto currencies. until whenever gold will be the safest long-term investment and the price of gold every year increases. so it is impossible if the gold user will release all of his assets and switch to crypto currency. but gold users can invest without having to release all of their gold assets.

We can all see that governments did the math. If they are buying gold it means they are afraid many fiat currencies will be killed by inflation in the next decade. They need something to store their wealth in and be able to trade with other countries in a monetary crisis. What do you do as a government when nobody wants your fiat or when a bank that held a lot of your money goes bankrupt? You have an option of selling your companies and land or let people starve.

We do have set of people who focuses on buying gold even the value may go up or down. And, i dont think buying gold will certainly yeild profit as like crypto currencies. So, its the right time to spend and collect as many coins as one can. Split your investment and buy different coins which is at its best growth trend and volume.

I think gold is a optional investment or safe investment , you cannot to lose more not like crypto . I prefer to invest gold to for your long term investment and like other said is the best investment because you really safe but not to much profit not like crypto.

Yes if once you buy some gold and you store all of them in bank then after holding if you take It out for selling so it will not make profit for you but most of time it use to increase the value, so according to me investing your money is gold is not good investment and wise people never get back to this old system of investing our money.