Topic: The Real Reason to Hold Gold And Bitcoin - page 24. (Read 674545 times)

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An hour or two ago, I sold off another piece of my BTC "Stack" (at price of $12,180) for more gold.  BTC has gotten way ahead of its 1% limit of the total value of my net wealth.  Each time BTC spikes up, I sell some for gold.

It's almost getting boring...    

I’m not an expert on what’s the real reason to hold onto bitcoin but I sure do have opinions about it. I think we should continue holding onto these as store values because of durability and popularity. Gold for durability because it has endured thousands of years as a currency and that is enough testament that will continue to endure more years and will not fail. It’s elemental, I know, and that is Gold’s number one disadvantage. It will run out faster than we can mine it but until then it will remain. Popularity for bitcoin because it is gaining massive following all over the world and will continue to do so these following months and years. Not only it is popular it also features everything modern tech can offer. It has better security and has anonymity to offer. Demand for bitcoin will go higher and so will its value.

This concept private key is a very good thing in bitcoin and it gives you guarantee of this thing that nothing will be lost. As far as real reason of holding gold is concerned, the only reason behind it is that you hold it to keep your money safe.

On the other hand, holding of bitcoin is because of the reason that it helps you in making enough money as well as bitcoin is having a future.

Same as sled's, I think it's better to allocate your money in different baskets than just focusing all of your investment in bitcoin. there are a lot of other investments where you can allocate it as bitcoin like stocks are the same due to their fluctuations in the market. There's no guarantee what you will is a gain or a loss.

Gold is a good for long term investment, also bitcoin is good for long term investment in fact bitcoin can make someone rich because of the price that continue rising.

Gold is a good option for long-term investment. But it's not as easy to sell as another currency or bitcoin. Cryptocurrency can be sold instantly, but its high volatility is a significant disadvantage.

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.

My reason I hold gold because investing gold is an investment that will never die, while I hold bitcoin for being a rich future hope, and now it's proven that the price has reached $ 10,000, and it will soon reach $ 100,000.

Before bitcoin i was holding gold for valotile days such as economic crisis. But now i prefer to hold both.
Bitcoin loves economic crisis and i love too

Before bitcoin i was holding gold for valotile days such as economic crisis. But now i prefer to hold both.
Bitcoin loves economic crisis and i love too

The genuine reason why we have to hold gold or bitcoin is that both the two are expanding their values in might change the rate by day, month, years. We don’t know when that exact time, but we know if we hold them for many years the values is too much higher more than we expect.