Topic: The Real Reason to Hold Gold And Bitcoin - page 10. (Read 674532 times)

Well gold has the best characteristics for a long term investment. The gold is one of the most famous investment that will literally let you get a good market price as time goes by the same as with bitcoin. However, bitcoin i guess is not good for long term investment because we do not know what could happen to bitcoin yet when it comes to profiting i prefer to choose bitcoin because it is more suitable getting a good profit than gold.

I think both are good investments. Both have huge whales, but so does everything else to be honest. At least with bitcoin whales have no control over total supply and it is fixed.

With gold... what if huge mines are found? or some asteroid once we have advanced technology? that makes me a bit worried for the long term.

I would also rather have people that just bought BTC cheaply because they liked the idea rather than some warlords that stacked tons of gold through centuries.

The real reason is that they have limited supply, and people want them. (people may not want bitcoin in the future btw) People always want gold and they want to gather as much as possible in their lifetime. It is the only solid asset which holds its true value through the centuries.

In my locality people were quite familiar with gold rather than bitcoin. Gold has already been tested for years, an investment that causes many more confidence, but bitcoin is a new opportunity for quick earnings. So both is good for investing and hold.

On my own perception, a long term investment is definitely a sure profit but it take a very long time since you want a sure money ,let's say after a year. As we all know the capability of bitcoin and its usage we can say that it can give you a great amount of profit as well as gold but in some point there are time for the emergency puorposes which you really want money so in the end your holding may loss. I would say long term investments is intended for those who are wealthy people which can still generate money in alternative way.

The world is run by the state-bank alliance.  The top politicians and bankers jointly profit from inflating the values of money and debt with state power -- this system couldn't survive without either side.

See Dissecting the Parasitocracy.

The interesting thing is, if you buy and hold gold and Bitcoin for the long term, you can benefit.  (Just make sure you don't buy when the global empire is rising, like the 1950s or early 1990s.)  The reason is also due to the nature of the state-bank alliance.

Note that, in this alliance, the top politicians contribute state power, while the top bankers contribute financial know-how.  The politicians, being totally ignorant in this high-stakes and specialized game, are basically led around like children.  They just go along because they benefit from issuing huge amounts of public debt without being punished by the 'markets.'

So here's the problem with this alliance.  When financial asset values collapse (and this day will come, due to the incentives faced by the elites) and everyday people suffer, the politicians will put all the blame on the bankers.  The reasons are obvious (and there is no loyalty in that game,) and the politicians are going to win that argument.  The biggest such events in history include the Spanish Inquisition and the Nazi Holocaust.  In our day, politicians like Bernie Sanders and Elizabeth Warren have already gone after the bankers.

Knowing that, the bankers and central bankers must prepare a last-ditch rescue for a worst-case scenario, when all trust in the system is gone.  That rescue will be some non-state-issued asset, like gold, silver, and Bitcoin, that the elites can peg their money to (at a high price for the non-state asset,) stabilize their system, and ease the suffering.  Even if the bankers think there's only a small chance for such an occurrence, it will be so devastating to the bankers that they must prepare for it.

So, the elites will try to suppress non-state assets, but won't kill them, even when given a chance.  In the long run, this presents something like a one-way bet for these assets, at current prices.