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Topic: The Real Reason to Hold Gold And Bitcoin - page 37. (Read 674532 times)

sr. member
Activity: 630
Merit: 265
Rarity is the real reason why to hold Gold.  And the deflationary feature why to hold Bitcoin.  Both of these feature gives each items an increasing value overtime.  This is enough reason to hold Bitcoin and gold specially to those who is not familiar with day trading.  This will serve as an investment that will give us profit in the long run.
Indeed. There are lot of reasons why people hold their bitcoin and gold. However, the main reasons is that there is a possibility that the price of bitcoin and gold will increase in the near future so that they could earn more profit when they sell their bitcoin and gold.Lastly,holding is one of the best strategy to make a good profit.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
Well, FOFOA would say that money (in addition to its three main properties as Unit of Account, Store of Value and Mechanism of Payment) is a "shared thought" as to relative values of different things.

FIAT money, especially well-enforced, counts as "money" (in popular use), and is indeed POLITICAL.  So, "money" as I sort-of defined it above is a "concept"..., how much of that fiat a gallon of milk is worth in paper (or electronic) dollars.

And, yes, it's a GREAT SCHEME for the bankers who control money (in cahoots with .gov).

I like the Store of Value that gold (and silver, though I prefer Pt to Ag) have (and even Bitcoin though volatile and has other risks) have outside the FIAT system, which will likely fail at some point like almost every other -- although the UK Pound has a pretty good longevity so far.

Good to hear from you again.  Ultimately speaking, money is social capital (both money in general and any particular money.)

And social capital is built on trust.  It's socially beneficial, objectively, that people 'believe' in gold (or any other money) because indirect exchange through money is so much better than bartering.

IMO the abuse of trust comes in two basic types: qualitative and quantitative.  Qualitative abuse like cheating turns people off immediately, and so most people try not to do it.  Quantitative abuse 'cheats only a little' at a time, so people are more tolerant of it.

So the reasons the modern system survives (so far) are a combination of all of: it's only quantitative abuse of trust; state power legalizes and indeed supports the abuse; most voters are ignorant of it due to complicity by the media and the 'top' economists; the imperial system takes advantage of the fact that most populations can't vote, making it easy to work with the elites of those countries to support the imperial monetary system with the real value created by their people.

I probably don't have to call attention to the irony that most US military action to support the imperial system is 'to spread democracy!'
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
There are many reason to hold gold and Bitcoins, but the very obvious is because of the amount. If the transition or conversion will be higher in the future, they likely to hold it and grow it for the mean time. They are just harvesting from mining or other ways to earn bitcoin and then they will exchange it when the dollar amount is higher. In reality, I should invest and hold Bitcoin because I already have it now.

I think it is much more practical to hold gold rather than bitcoin as gold's value doesn't diminish and no matter how the world's economy will go. GOld will always be gold. Bitcoin meanwhile experience highs and lows on its prices and it would always depende on the day, week and month on when you would be selling it. Bitcoin varies while gold is a little more constant.

The price of bitcoin is unstable, but it slowly and confidently goes up. The price of gold varies very slowly and it is very difficult to make money on such investments. I would invest some of my assets in bitcoin to get a high return on it
Yes, i would rather invest in bitcoin also than putting all my money in gold because i don't see any future in gold in long term because it is very slow in terms of movement of the price so i think it will get old but my investment will not grow well so if i will just buy bitcoin and hold it for long term then i will have a lot of money in the future because of the rapid growth of bitcoin.
full member
Activity: 242
Merit: 100
There are many reason to hold gold and Bitcoins, but the very obvious is because of the amount. If the transition or conversion will be higher in the future, they likely to hold it and grow it for the mean time. They are just harvesting from mining or other ways to earn bitcoin and then they will exchange it when the dollar amount is higher. In reality, I should invest and hold Bitcoin because I already have it now.

I think it is much more practical to hold gold rather than bitcoin as gold's value doesn't diminish and no matter how the world's economy will go. GOld will always be gold. Bitcoin meanwhile experience highs and lows on its prices and it would always depende on the day, week and month on when you would be selling it. Bitcoin varies while gold is a little more constant.

The price of bitcoin is unstable, but it slowly and confidently goes up. The price of gold varies very slowly and it is very difficult to make money on such investments. I would invest some of my assets in bitcoin to get a high return on it
sr. member
Activity: 779
Merit: 250
There are many reason to hold gold and Bitcoins, but the very obvious is because of the amount. If the transition or conversion will be higher in the future, they likely to hold it and grow it for the mean time. They are just harvesting from mining or other ways to earn bitcoin and then they will exchange it when the dollar amount is higher. In reality, I should invest and hold Bitcoin because I already have it now.

I think it is much more practical to hold gold rather than bitcoin as gold's value doesn't diminish and no matter how the world's economy will go. GOld will always be gold. Bitcoin meanwhile experience highs and lows on its prices and it would always depende on the day, week and month on when you would be selling it. Bitcoin varies while gold is a little more constant.
hero member
Activity: 672
Merit: 500
There are many reason to hold gold and Bitcoins, but the very obvious is because of the amount. If the transition or conversion will be higher in the future, they likely to hold it and grow it for the mean time. They are just harvesting from mining or other ways to earn bitcoin and then they will exchange it when the dollar amount is higher. In reality, I should invest and hold Bitcoin because I already have it now.
sr. member
Activity: 994
Merit: 252
Gold was already ancient, while bitcoin is not. But I will still go for the bitcoin rather than Gold, because of the volatility,  and unique advantage
of bitcoin such as the features of it like security, decentralization, assets/investment and many more.
It does not matter if gold is an old system to try to keep inflation at check, the most important thing is that it works, however we know government have cheated that system for a very long time, this is not possible with bitcoin, since everyone will know if someone attempted to change the code to eliminate the 21 million bitcoins cap, and no one will allow it.
Bitcoin is known as crypto currency which is increasing day by day.like take an example of Gold too it is also decreasing and increasing day by day.so people are holding bitcoins and Gold for future consumption. But I will not go for to hold gold because the fluctuations in gold is very lower than the fluctuations in bitcoin. Bitcoin give me a higher profit if I do trade in bitcoin.

Both bitcoin and gold are good, the different is gold already known by all people around the world but bitcoin is not much popular like gold. But holding both bitcoin and gold are same good imo. Holding bitcoin nowdays will bring much profit, because the price of bitcoin is on top right now. In the other hand, holding gold is good for long term investment.
I am agree with you that gold and bitcoin both are good and holding for the purpose of investment ,and gold investors are many as compare to bitcoin, but I like bitcoin for investment is very good and high profit , its popularity is not high much more than gold but actually I seen and noted that bitcoin going faster to popularity like gold. So I think investment in bitcoin is very good and hold for long time ,gold is also good but I like bitcoin .
sr. member
Activity: 308
Merit: 250
You should hold gold because it's is accepted worldwide and exists from years .
While Bitcoin if accepted in your country you should hold because it has the decentralised feature where no one controls it .
 
sr. member
Activity: 532
Merit: 250
Bitcoin and gold are the best investments in the modern world. You need to use both options to avoid losing money and making more profit.
well if you are thinking for a long term investment this two assets are the best to hold as the value will possible to keep rising and rising from time to time, there's some fluctuations and downfall but for sure the value will survive and its bring big fortune in returned.
The gold is the asset that is acquired by the rich people from ages it has a history and it is a symbol of wealth. The bitcoin on the other hand is very much young compare to the gold but is considered as a digital asset and I am sure a time will come when the bitcoin will be a wealth symbol.
Even though bitcoin is still younger compare to gold, it has more potential than gold because just look at its price then you can see a huge price pump in bitcoin while in gold it is just stable on its price and just getting a fewer gains rather than bitcoin which is not that satisfied for me. Bitcoin is more on a good asset to hold for long term while gold is just for rich to preserve their money.
It is obvious that bitcoin holds a lot more potential than gold, gold has been mined for thousands of years and people have thought about all the possible things that we could do with it, so there is not much that can be done with gold that has not been tried already, bitcoin is different, its potential it is still unknown many other services are being developed above bitcoin and we do not know how much the value of bitcoin could go up due to that.

I agree with you here completely.

Gold is probably still going to be considered one of the best store of values for decades/centuries to come. Maybe even millenniums. And through all these years, its value is going to be essentially not fluctuating at all - it'll pretty much remain constant.

With bitcoin though, i'd expect in a few decades time when it really gets picked up by the world as a true alternative to dollars and pounds, trade volume will explode and so will the price. BTC basically's got everything that gold's got, except even more convenient and divisible.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
It seems, that developers have to present also some incredible solutions for investing. So,yes, to hold a btc it's wonderful, but it's needed to understand that it's a standart for 50 percents per year income, but... any other assets, I mean, that's been approved as non-hyip's, can also be additional investment. Let's get closer define, what is (here in btctalk) still profitable ?

It is still a profitable investment to get at least 50 percent per year income from our capital and that is still a big return from your investment rather than having stocks or any asset that is related to that because as far as i know, stocks or any asset only gives about 10 percent per year which is the standard percentage but a lot of people grab it so it is very obvious which is the profitable to have, of course bitcoin.
sr. member
Activity: 308
Merit: 250
It seems, that developers have to present also some incredible solutions for investing. So,yes, to hold a btc it's wonderful, but it's needed to understand that it's a standart for 50 percents per year income, but... any other assets, I mean, that's been approved as non-hyip's, can also be additional investment. Let's get closer define, what is (here in btctalk) still profitable ?
sr. member
Activity: 532
Merit: 250
Gold was already ancient, while bitcoin is not. But I will still go for the bitcoin rather than Gold, because of the volatility,  and unique advantage
of bitcoin such as the features of it like security, decentralization, assets/investment and many more.
It does not matter if gold is an old system to try to keep inflation at check, the most important thing is that it works, however we know government have cheated that system for a very long time, this is not possible with bitcoin, since everyone will know if someone attempted to change the code to eliminate the 21 million bitcoins cap, and no one will allow it.
Bitcoin is known as crypto currency which is increasing day by day.like take an example of Gold too it is also decreasing and increasing day by day.so people are holding bitcoins and Gold for future consumption. But I will not go for to hold gold because the fluctuations in gold is very lower than the fluctuations in bitcoin. Bitcoin give me a higher profit if I do trade in bitcoin.

Both bitcoin and gold are good, the different is gold already known by all people around the world but bitcoin is not much popular like gold. But holding both bitcoin and gold are same good imo. Holding bitcoin nowdays will bring much profit, because the price of bitcoin is on top right now. In the other hand, holding gold is good for long term investment.
hero member
Activity: 952
Merit: 500
The real reason is to make huge returns and at the same time,the investment should also be secure.Gold has been the choice of millions over centuries.No other commodity could attract their attention.But for the first time in history,many gold investors have decided to invest in bitcoins.The main reason is that it has given very huge returns to its customers unlike gold which has given low returns compared to bitcoin.Also they feel comfortable in investing in bitcoins as they think that their investment is secure since they only have its private keys and no other could have access to it.
hero member
Activity: 1092
Merit: 501
Bitcoin and gold are the best investments in the modern world. You need to use both options to avoid losing money and making more profit.
well if you are thinking for a long term investment this two assets are the best to hold as the value will possible to keep rising and rising from time to time, there's some fluctuations and downfall but for sure the value will survive and its bring big fortune in returned.
The gold is the asset that is acquired by the rich people from ages it has a history and it is a symbol of wealth. The bitcoin on the other hand is very much young compare to the gold but is considered as a digital asset and I am sure a time will come when the bitcoin will be a wealth symbol.
Even though bitcoin is still younger compare to gold, it has more potential than gold because just look at its price then you can see a huge price pump in bitcoin while in gold it is just stable on its price and just getting a fewer gains rather than bitcoin which is not that satisfied for me. Bitcoin is more on a good asset to hold for long term while gold is just for rich to preserve their money.
It is obvious that bitcoin holds a lot more potential than gold, gold has been mined for thousands of years and people have thought about all the possible things that we could do with it, so there is not much that can be done with gold that has not been tried already, bitcoin is different, its potential it is still unknown many other services are being developed above bitcoin and we do not know how much the value of bitcoin could go up due to that.
legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
I am holding some gold jewellery ,does that counts.  Wink to be frank i hold more gold in jewellery than i hold bitcoin, i have a diversed portfolio when it comes to crypto currency,the topic should be the reason to hold gold and crypto currency.  Tongue With everything said and done i do invest in all the alts just to convert it to bitcoin at a later time. Smiley
You haven't given the proper reason. You have mentioned that you make a diversified investment starting from gold, bitcoin and different altcoins available. No specific reason has been quoted. I personally prefer gold for the emergency usage where I cannot make use of bitcoin and bitcoin is truly an investment asset for my future Profiting.
legendary
Activity: 2940
Merit: 1865
Money is not really based on supply and demand, but on political power and banking manipulation, in the modern world.

If something will benefit the political and banking elites, they will promote it and it will do well.  It's that simple.

Most of the comments above (thank you for taking the time, BTW) are focused on supply and demand, while my original post was based on politics.

If you doubt the power of politics, just look at silver.  It's easy to argue silver is a better money than gold, but because Britain didn't have it, and it was a British world in the 1860s, all major countries promoted gold, and silver has been on the outs to this day.



Well, FOFOA would say that money (in addition to its three main properties as Unit of Account, Store of Value and Mechanism of Payment) is a "shared thought" as to relative values of different things.

FIAT money, especially well-enforced, counts as "money" (in popular use), and is indeed POLITICAL.  So, "money" as I sort-of defined it above is a "concept"..., how much of that fiat a gallon of milk is worth in paper (or electronic) dollars.

And, yes, it's a GREAT SCHEME for the bankers who control money (in cahoots with .gov).

I like the Store of Value that gold (and silver, though I prefer Pt to Ag) have (and even Bitcoin though volatile and has other risks) have outside the FIAT system, which will likely fail at some point like almost every other -- although the UK Pound has a pretty good longevity so far.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
Money is not really based on supply and demand, but on political power and banking manipulation, in the modern world.

If something will benefit the political and banking elites, they will promote it and it will do well.  It's that simple.

Most of the comments above (thank you for taking the time, BTW) are focused on supply and demand, while my original post was based on politics.

If you doubt the power of politics, just look at silver.  It's easy to argue silver is a better money than gold, but because Britain didn't have it, and it was a British world in the 1860s, all major countries promoted gold, and silver has been on the outs to this day.
hero member
Activity: 1302
Merit: 532
I am holding some gold jewellery ,does that counts.  Wink to be frank i hold more gold in jewellery than i hold bitcoin, i have a diversed portfolio when it comes to crypto currency,the topic should be the reason to hold gold and crypto currency.  Tongue With everything said and done i do invest in all the alts just to convert it to bitcoin at a later time. Smiley
hero member
Activity: 672
Merit: 500
Gold was already ancient, while bitcoin is not. But I will still go for the bitcoin rather than Gold, because of the volatility,  and unique advantage
of bitcoin such as the features of it like security, decentralization, assets/investment and many more.
It does not matter if gold is an old system to try to keep inflation at check, the most important thing is that it works, however we know government have cheated that system for a very long time, this is not possible with bitcoin, since everyone will know if someone attempted to change the code to eliminate the 21 million bitcoins cap, and no one will allow it.
Bitcoin is known as crypto currency which is increasing day by day.like take an example of Gold too it is also decreasing and increasing day by day.so people are holding bitcoins and Gold for future consumption. But I will not go for to hold gold because the fluctuations in gold is very lower than the fluctuations in bitcoin. Bitcoin give me a higher profit if I do trade in bitcoin.
full member
Activity: 197
Merit: 100
Bitcoin and gold are the best investments in the modern world. You need to use both options to avoid losing money and making more profit.
well if you are thinking for a long term investment this two assets are the best to hold as the value will possible to keep rising and rising from time to time, there's some fluctuations and downfall but for sure the value will survive and its bring big fortune in returned.

I'm holding these two because of the reason you mentioned above. To reduce risks and resist against inflation effect.
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